Annual Report 2015

Driving investment, trade and the creation
of wealth across Asia, Africa and the Middle East

Standard Chartered Bank (Pakistan) Ltd.
Points of interest 
Standard Chartered is proud to be operating in Pakistan as the largest and oldest international bank since 1863. 
2013 marked Standard Chartered’s 150th year of presence in the country. 
The Bank’s franchise in Pakistan has the second largest distribution network in the Standard Chartered Group. 
The largest international Bank in Pakistan with 101 branches in 11 cities and a workforce of over 3400 employees. 
Standard Chartered Pakistan is the first international bank to get an islamic Banking license and to open the first
Islamic Banking branch in Pakistan.

Strong recognition by our stakeholders
The Asset Triple A Treasury, Trade and Risk Management Award 2015
Best
Best
Best
Best
Best

in Treasury and Working Capital
in Treasury and Working Capital
in Treasury and Working Capital
in Treasury and Working Capital
Cash Management Bank

–
–
–
–

MNCs / LLCs,
SMEs,
Financial Institutions,
Non-bank Financial Institutions

Islamic Finance News (IFN) Awards for 2015
Pakistan Deal of the year award for Standard Chartered Saadiq’s USD 1bn Sukuk issue

Global Finance Awards 2015
Pakistan - Best Emerging Market Bank In Asia Pacific 2015
Best Islamic Digital Bank in Asia’ Award for 2015
Best Digital Bank in Pakistan’ award for 2015

National CSR Association Award for 2015 - “Child Centric CSR”
Our strategy

Driving investment, trade and the
creation of wealth across Asia,
Africa and the Middle East
Our Brand Promise

Our
Values

Our
Objectives

Our
Aspirations

Here for good
To establish a strongly capitalised bank poised for growth in our dynamic and growing
markets, with the goal to deliver returns by business of 10 per cent
Secure the foundations
Strengthening our balance sheet and
aligning our strategy to a tightened risk
tolerance
Courageous:
We stand up for what
we believe and do the
right thing

Get lean and focused
Driving sustainable improvements in returns
by restructuring our client businesses and
assertively managing costs

Responsive:
We can be relied on to
respond quickly and
deliver lasting value

International:
We value others and
actively collaborate

Invest and innovate
Investing in our core strengths
and taking advantage of opportunities in
our markets

Creative:
We adapt and innovate
to meet evolving needs

Trustworthy:
We act with integrity and
earn the trust of others

Standard Chartered Bank (Pakistan) Limited - Board of Directors
Standing from left to right Najam I. Chaudhri | Parvez Ghias | Spenta Kandawalla | Sunil Kaushal (Chairman) | Shazad Dada (Chief Executive)

Shazad Dada Mr. 5556.O. I. Najam I. I.Company Information Registered Office Board of Directors Mr. Parvez Ghias Mr. Main Shahra-e-Faisal Karachi . Parvez Ghias Mrs. Block B SMCHS. Shazad Dada Mr.O. Parvez Ghias Mrs. Chundrigar Road Karachi 74000. Chundrigar Road Karachi 74000. Sunil Kaushal Mr. Chaudhri Mr.com LEGAL ADVISORS HaidermotaBNR & Co Barristers at Law & Corporate Counselors *Subject to clearance from State Bank of Pakistan 1 . Spenta Kandawalla Mr. Chaudhri Mr. Pakistan Tel: (021) 32450000 Fax: (021) 32414914 Member Member Member AUDITORS M/s KPMG Taseer Hadi & Co Chartered Accountants Website www. Pakistan Tel: (021) 32450000 Fax: (021) 32414914 Company Secretary Mr. 99-B.sc. Ferdinand Pieterse* Chairman Chief Executive Officer Main Office Standard Chartered Bank (Pakistan) Limited P.I. 5556. Spenta Kandawalla Standard Chartered Bank (Pakistan) Limited P. Najam I. Vinod Ramabhadran Mr.74400 Toll Free:0800 . Box No. Box No.CDCPL (23275) Fax: (021) 34326053 Email: info@cdcpak. Vinod Ramabhadran Chairman Member Member Human Resource & Remuneration Committee Mr. Asif Iqbal Alam Audit Committee Mr.I.com/pk Registrar and Share Transfer Office M/s Central Depository Company of Pakistan Limited (Share Registrar Department) CDC House.

Urdu 6 Directors` Report .English 9 Directors` Report .English 3 Notice of Annual General Meeting .Urdu 13 Management’s Statements on Internal Controls and Risk Management Framework 19 Report of Shariah Board 23 Auditors’ Review Report on Statement of Compliance with the Code of Corporate Governance 26 Statement of Compliance with the Code of Corporate Governance 27 Auditors’ Report to the Members 31 Un-Consolidated Financial Statements 32 Auditors’ Report to the Members on Consolidated Financial Statements 115 Consolidated Financial Statements 116 Pattern of Shareholding 201 Form of Proxy 2 Standard Chartered Annual Report 2015 .Table of Contents Page Notice of Annual General Meeting .

as ordinary resolution. Chartered Accountants." A statement of material facts under section 160 (1) (b) of the Companies Ordinance. 2.. 1.000 during the year ended 31 December 2015 to the independent non-executive members of the Board. By Order of the Board Asif Iqbal Alam Company Secretary Karachi: 03 March 2016 3 . 5. To consider the appointment of external auditors namely M/s KPMG Taseer Hadi & Co. being eligible. addition or deletion: "RESOLVED THAT the decision of the Board of Directors of Standard Chartered Bank (Pakistan) Limited to pay a fee of Rs. B. OTHER BUSINESS 5. C. Block 8. consider and adopt the Audited Accounts (consolidated and un-consolidated) of the Bank and its subsidiaries for the year ended 31 December 2015 along with the Directors' and Auditors' Reports thereon. for the year 2016 and to authorize the Chief Executive Officer and Chief Financial Officer to fix their remuneration. Desai Auditorium. ORDINARY BUSINESS 1. 1984 relating to the aforesaid special business to be transacted in the said Annual General Meeting is appended below. To receive. SPECIAL BUSINESS 4. Rs.STANDARD CHARTERED BANK (PAKISTAN) LIMITED NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Tenth Annual General Meeting of the shareholders of Standard Chartered Bank (Pakistan) Limited ("Bank") will be held on Wednesday. M/s KPMG Taseer Hadi & Co. have offered themselves for re-appointment.335.50% already paid for the year 2015.. To approve the remuneration paid to the Independent Non Executive Directors of the Bank for the year ended 31 December 2015 in accordance with the Articles of Association of the Bank and in that connection to pass the following resolution. Clifton. Institute of Chartered Accountants of Pakistan. 30 March 2016 at 4:00 PM at the Moosa G.50% (i. Karachi. 3. to transact the following business: A. ICAP House.25 per share) as recommended by the Board of Directors in addition to interim dividend of 7. be and is hereby confirmed and approved by the shareholders. with or without modification. in terms of their discretion under the Articles of Association of the Bank. To transact any other business as may be placed before the meeting with the permission of the Chair. To consider and approve final cash dividend @ 12.e. Chartered Accountants.

ii) In case of corporate entity. Members are requested to notify change in their address. 4. shall authenticate his identity by showing his original Computerized National Identity Card (CNIC) or original passport at the time of attending the Meeting. In terms of Securities and Exchange Commission of Pakistan's (SECP) SRO. Block B. at the Bank’s registered address. signed and witnessed. the account holder or sub-account holder and / or the person whose securities are in group account and their registration details are uploaded as per the Regulations. Only those persons whose names appear in the Register of Members of the Bank as at 22 March 2016 are entitled to attend and participate in and vote at the Annual General Meeting.74400. 2. 4 Standard Chartered Annual Report 2015 . the account holder or sub-account holder and/or the person whose securities are in group account and their registration details are uploaded as per the Regulations. v) In case of corporate entity. Fax: (021) 34326053.com. For Attending the Meeting: i) In case of individuals. Statement under section 160(1) (b) The meeting fee payable to the independent non-executive members of the Board was approved by the Board of Directors in terms of Article 60 of the Articles of Association of the Bank. Email: info@cdcpak. 3. 6. A. 634(I)/2014. 99-B. must be received by the Bank at its registered office marked for the attention of the office of the Company Secretary. 5. iii) Attested copies of CNIC or the passport of the beneficial owners and the proxy shall be furnished with the proxy form. Proxies. Transfer received at the Share Registrar by the close of business on 22 March 2016 will be treated in time. B. 7.NOTICE OF ANNUAL GENERAL MEETING Notes: 1. Toll Free: 0800-CDCPL (23275). SMCHS. A member entitled to attend and vote at the above meeting is entitled to appoint another member as his/ her proxy to attend and vote instead of him/ her. the Board of Directors' resolution / power of attorney with specimen signature shall be submitted along with proxy form to the Bank. The independent non-executive members of the Board are interested in the payment of fees and remaining members of the Board have no interest in the matter. in terms of Section 173 of the Companies Ordinance. in order to be valid. Members may inspect the minutes of the Annual General Meeting held on 30 March 2015. if any. Main Shahra-eFaisal. CDC House. not less than 48 hours before the time for holding the meeting and must be duly stamped. 1984. For Appointing Proxies: i) In case of individuals. iv) The proxy shall produce his original CNIC or original passport at the time of the Meeting. M/s. This meeting fee requires approval of the shareholders in Annual General Meeting in terms of paragraph C-2 of Regulation G-1 of prudential regulations for Corporate / Commercial Banking issued by the State Bank of Pakistan. the Board of Directors' resolution / power of attorney with specimen signature of the nominee shall be produced at the time of the Meeting. shall submit the proxy form as per the above requirement. A member shall not be entitled to appoint more than one proxy. to the Bank's Share Registrars. Karachi . ii) The proxy form shall be witnessed by two persons whose names. The Share Transfer Books of the Bank will remain closed from 23 March 2016 to 30 March 2016 (both days inclusive). addresses and CNIC numbers shall be mentioned on the form. Central Depository Company of Pakistan Limited (Share Registrar Department). the Annual Report for the year ended 2015 will also be placed on the Bank's website simultaneously with the dispatch of the same to the members.

except where shareholding proportion of joint-holders is pre-defined as per the records of Bank's Share Registrar and thus tax rates will be applied in line with respective proportions.gov. In case a Folio/ CDS Account is jointly held.gov.com 5 . Relevant copies should reach our Share Registrar at their above mentioned office address. if they have not already done so.11-66417-R dated 12 May 2015 (viewable at FBR's website at following link: http://www. to our Share Registrar at their above mentioned office address or at info@cdcpak. who are holding shares jointly. Failing which may result in withholding of dividend warrants of respective shareholders. are advised to make sure that: (i) their names appear into the ATL before start of closed period (referred above). printing of Computerized National Identity Card (CNIC) numbers of shareholders on dividend warrants is MANDATORY. whose names are not entered into the ATL despite the fact that they are filers. in writing. therefore shareholders are requested to provide a copy of their valid CNICs. to our Share Registrar at their above referred office address latest by 22 March 2016. 4. 3. Electronic Transmission of Audited Financial Statements along with Notice to members through email: Shareholders. the Bank encourages its shareholders to provide dividend mandates of their respective Banks. otherwise they will be treated as non-filers for tax deduction purpose.1 (43) DG (WHT)/ 2008. are requested to provide their consent and their email addresses. the 'Filer' and 'Non-Filer' shareholders will pay tax on dividend income @ 12. effective from 01 July 2015. 2001and pursuant to the provisions of Finance Act.aspx? type=Doc&Actionid=4141.Vol. Tax Requirements: The dividend income on shares is liable to deduction of withholding tax under Section 150 of the Income Tax Ordinance. 2. For more information.50% and 17. The benefits associated with this are instant credit of dividends. Corporate shareholders are requested to provide of a copy of valid Income Tax Exemption Certificate issued by the concerned authority to your institution which is compulsorily required to claim tax exemption in terms of clarification issued by FBR vide their letter C. In this regard. the members may contact our Share Registrars.NOTICE OF ANNUAL GENERAL MEETING SHAREHOLDERS AWARENESS: 1. each joint-holder will be treated separately as Filer or Non-Filer and tax will be deducted on the gross dividend amount determined by bifurcating the shareholding of each joint-holder on equal proportions. and (ii) a copy of their National Tax Number is submitted to their relevant Participant/CDC Investor Account Services or to our Share Registrar (in case of physical shareholding only) at their above referred office address. are requested to update/ notify the shareholding proportions of Principal and Jointholder(s) in writing to our Share Registrar latest by 22 March 2016 at their above referred office address. no chances of dividend warrants getting lost in the post. all shareholders.fbr. CINC Requirements: In compliance with Securities and Exchange Commission of Pakistan's (SECP) directive SRO 831 dated 5 July 2012.No. e-Dividend/ Bank Mandate: Furthermore. who wish to receive audited financial statements and notice of general meeting through email in terms of provisions of SECP's SRO 787 (I)/ 2014 dated 08 September 2014.fbr.pk/ShowDocument. undelivered or delivered to the wrong address etc.pk/ as on 22 March 2016. please also provide a copy of relevant certificate issued by the concerned authority. 2015.50% respectively. The Filer status of shareholders will be determined by referring National Tax Number (NTN) and appearance of shareholder's name in Active Taxpayers List (ATL) uploaded by the Federal Board of Revenue (FBR) on their website http://www. In case you are subject to any special tax rate. Those shareholders.

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785 225.2 billion in 2014. Lower interest rates have supported private credit off-take.288 2.Rupees The bank delivered strong financial performance with Profit before tax of PKR 15. growth is expected to increase to 4.504 150.DIRECTORS’ REPORT On behalf of the Board of Directors.238 128.0% in September 2014.040 128. Pakistan's GDP in FY 15 posted a 4.942 1. As the economic activity improves further.51 Profit and Loss Revenue Administrative expenses Other non mark-up expenses Operating profit (before provisions and tax) Provisions / (net of recoveries) Profit before tax Profit after tax Earnings per Share (EPS) . Administrative costs continue to be well managed through operational efficiencies and disciplined spending.231 9. Looking ahead.1 billion to the national exchequer in lieu of direct income taxes. 2015 (PKR millions) December 31.2% growth vs. pick up pace. 2015. the bank's total deposits increased by 7% in 2015. 2014 (PKR millions) 38.cutting rates by 400 bps since November 2014.6% in the previous year.5% by September 30. Meanwhile. NPLs of the banking sector have declined to 12. The banking system remains well capitalized with the CAR of 18.716 55. due to the decline in global oil and domestic food prices. The continuous increase in low cost deposits has significantly supported the bank's performance with current and savings accounts comprising over 93% of the deposits base. Economy With improved macroeconomic indicators and market sentiments. part of the China-Pakistan Economic Corridor.716 54. for both corporate and consumer loans. and rise gradually over the medium-term to over 5% as infrastructure and energy projects.456 304. Surplus liquidity continues to be deployed in Government securities with a balanced mix of short and long term. as an agent of Federal Board of Revenue and on account of FED / Provincial Sales Taxes. This has resulted in the bank having one of the lowest cost of deposits in the industry.105 358 16.248 312 15.385 9. Outlook Despite the changing external environment we believe opportunities exist and intend to follow a prudent growth strategy at the 9 .8% for the corresponding period last year. The macroeconomic situation saw improvement in consumer and investor's confidence with increase in remittances. During 2015.5% in FY15 from 8.4% in FY16. The country also issued a USD 500 million Euro bond in September 2015. the decline in global oil prices helped narrow the current account deficit to 0. Operating Results and Business Overview Balance Sheet Paid-up capital Total equity Deposits Advances – gross Advances – net Investments – net December 31. Revenue increased 4% year on year on account of improved mix and volume growth. in particular.1% in FY14. advances growth will pick-up. The bank continues to invest in its distribution network through re-investing saves from branch optimization into the bank's digital agenda and infrastructure to enhance customer experience. 4.696 466 15.7%. On the advances side. fixed investment and long-term loans increased by nearly 19% y/y by December 2015.405 12. efficient and sustainable advances portfolio.725 2. Consumer-price inflation declined to an average of 4. Higher private credit sector growth and declining NPLs are positive for banking sector outlook for 2016.4 billion compared to PKR 15.590 189.256 12. down from 13.2% and remains profitable with ROE of 15. I am pleased to present the Directors' Report of Standard Chartered Bank (Pakistan) Limited (SCBPL) along with the audited financial statements and auditors' report thereon for the year ended 31st December 2015. momentum in Retail assets is building up since the latter half of 2015 while the Corporate and Commercial segments continue with the strategy to build a profitable.678 29. Considering the long history of presence in Pakistan. with the policy rate at 6% by end-December 2015. thereby leading to a 1% decrease year on year.318 38. This has given room to central bank to ease monetary policy . On the liabilities side.9% of GDP in H1-FY16 compared to 1. the bank contributed around PKR 12. the bank is committed for sustained growth by continuous focus on clients and product suite along with a prudent approach to building the balance sheet.016 327.302 106.557 15. successful conclusion of the 10th IMF review and a record all time high FX reserves of over USD 20bn by December 2015.40 28.

716 55. 0.directly and indirectly. Through our flagship Community Investment health programme "Seeing is Believing".121 128.716 54.306 150. for the year ended December 31.1. attached with this report are the consolidated financial statements of SCBPL and its subsidiaries (the Group) namely .632 December 31. the bank will continue to focus on deepening client relationships. 2014 (PKR millions) 38. with 101 branches in 13 cities of Pakistan. In recognition of our contribution for the cause of tackling avoidable blindness. The Bank's outstanding subordinated TFC has also been assigned "AAA" rating.992 .per share) interim cash dividend announced during the year. namely KPMG Taseer Hadi & Co.25/. In line with the strategic priorities. In 2015 our volunteers imparted basic HIV awareness training to over 1. Sustainability As the largest International Bank in the country. We also announced our commitment in the form of additional funding to improve eye health care in selected districts of Pakistan.50% (Rs. SCBPL employees logged 2. the Bank has extended post matriculation scholarships to deserving students and supports institutions of both vocational and higher learning. The Bank is also supporting an eye health programme focused on Diabetic Retinopathy which focuses on reaching 1 million people. Performance of the Group In compliance with section 236(5) of the Companies Ordinance. Standard Chartered Services of Pakistan (Private) Limited and Standard Chartered Modaraba.025 128. Standard Chartered provides three days paid volunteering leave to each member of staff. community.673 volunteering days. To encourage employees to participate in these initiatives and engage with the communities. Operating Results Balance Sheet Paid-up capital Total equity Deposits Advances – gross Advances – net Investments – net 10 Standard Chartered Annual Report 2015 December 31. Through our sustainability strategy we seek to strengthen relationships between our business. External Annual Audit The financial statements of SCBPL have been audited without any qualification by the auditors of the Bank. 2015 (PKR millions) 38.716 304. In November 2015 we marked a successful close to our "Pakistan Urban Paediatric Eye Care Programme" under which we screened 1.575 188.000 people.75/. These ratings denote the lowest expectation of credit risk emanating from an exceptionally strong capacity for timely payment of financial commitments. government and customers. Dividend Final cash dividend of 12. we continue contributing to the prevention of avoidable blindness. utilising cross selling opportunities and further improve customer service and engagement. The Bank also runs a programme called "Positive Living" to create awareness about HIV and AIDS.595 224. Through our education programme.per share) has been recommended by the Board of Directors for approval at the Tenth Annual General Meeting of the Bank's shareholders. This is in addition to 7..over the span of five years. In Pakistan.DIRECTORS’ REPORT back of the balance sheet strength. the Government of Pakistan has made Standard Chartered its official and only corporate partner with presence on both National and Sindh eye councils of the country. 1984. the Bank's community efforts are focused on health and education.112 106. Chartered Accountants.256 327. effective capital and risk management practices and unique global capabilities.50% (Re.5 million children for refractive errors. Standard Chartered is now truly a part of the social fabric of this country.Standard Chartered Leasing Limited. Credit Rating Pakistan Credit Rating Agency (PACRA) has maintained the Bank's long-term and short-term ratings of "AAA" (Triple A) and "A1+" (A One Plus) respectively in 2015. 2015. In 2015.

497 448 15. l Details of Board and its Committees meetings held and attended by the directors/ members form part of this report. l Appropriate accounting policies have been consistently applied in the preparation of financial statements. l Summarized key operating and financial data is tabulated in this Annual Report.796 12. cash flows and changes in equity.11 of the Code of Corporate Governance as contained in the Rule Book of Pakistan Stock Exchange (the Exchange): l The financial statements present fairly the Bank's state of affairs.120 1. if any.883 12.39 28. five (05) meetings of Board Audit Committee and four (04) meetings of Board Human Resource (HR) and Remuneration Committee were held during 2015 Attendance by each director/ member was as follows: Sr.851 483 15.815 2.307 456 17. Directors' Meetings Five (05) meetings of the Board of Directors. results of its operations. CFO and Company Secretary have confirmed that neither they nor their spouses are engaged in the business of stock brokerage. have been adequately disclosed in the financial statements.555 15. Management's statements on Internal Controls and Risk Management Framework form part of this Annual Report. Statements on Internal Controls and Risk Management Framework The management of SCBPL is responsible for establishing and maintaining a system of adequate internal controls and procedures. l The Directors. Accounting estimates are based on reasonable and prudent judgment.DIRECTORS’ REPORT Profit and Loss December 31. l Statement of Compliance along with Auditors' Review Report thereon form part of this Annual Report.431 2. l Proper books of accounts of the Bank have been maintained.368 9. CEO. as detailed in the Rule Book of the Exchange.19. l There has been no material departure from the best practices of corporate governance. except for the change in accounting policy as described in note 3. 2014 (PKR millions) 29. 2015 (PKR millions) December 31.Rupees Corporate Governance The directors are pleased to give the following statement as required by Clause 5. l There is no doubt upon the Bank's ability to continue as a going concern.565 9. No.49 Revenue Administrative expenses Non mark-up expenses Operating profit (before provisions and tax) Provisions / (reversal) (net of recoveries) Profit before tax Profit after tax Earnings per Share (EPS) . Chaudhri2 Parvez Ghias2&3 Spenta Kandawalla3 Raheel Ahmed Vinod Ramabhadran Board of Directors Meetings Board Audit Committee Meetings Board HR & Remuneration Meetings Held during the tenor in the year Attended1 Held during the tenor in the year Attended1 Held during the tenor in the year Attended1 4 1 5 5 5 5 2 5 2 1 5 5 5 5 1 4 5 5 5 5 5 3 3 4 4 4 - 1 4 4 4 - 1 Leave of absence was granted to the Directors/Members who could not attend some of the meetings Member of Board Audit Committee 3 Member of Board HR & Remuneration Committee 2 11 . l The International Financial Reporting Standards and International Accounting Standards as applicable in Pakistan have been followed in the preparation of financial statements. l All statutory liabilities. 1 2 3 4 5 6 7 8 Name of Director Christos Papadopoulos3 Sunil Kaushal Shazad Dada3 Najam I. l The system of internal control is sound in design and has been effectively implemented and monitored.

on the suggestion of Audit Committee recommended the name of retiring auditors KPMG Taseer Hadi & Co.19. and Clause 5. being eligible. Chartered Accountants as external auditors for the next term. Papadopoulos during his tenure of over five years as a Chairman of the Board of the Bank.DIRECTORS’ REPORT Statement of investments of Provident. Appreciation and Acknowledgment We take this opportunity to express our gratitude to our customers and business partners for their continued support and trust.133 Changes in Board of Directors The following changes have taken place in the Board of Directors since the last directors' report: Board of Directors has appointed Mr. The Board of Directors.255 49. On behalf of the Board Shazad Dada Chief Executive Officer Karachi: March 03.Management Staff Pension Fund 2. Chartered Accountants as external auditors of the Bank for the next term. offer themselves for re-appointment in the forthcoming Annual General Meeting. 2016 12 Standard Chartered Annual Report 2015 .99% shares of SCBPL.677 24. Gratuity and Pension Funds Value of investments including accrued income of provident and gratuity funds as at December 31.. The Board welcomes Mr. Christos Papadopoulos. UK (holding company) held 98.029.066 1. Kaushal as the new Chairman and also places on record its sincere appreciation for the invaluable support and contribution of Mr. Sunil Kaushal (who has been appointed as director in October 2015) as the new Chairman and Mr.. Pattern of Shareholding The pattern of shareholding as required under section 236(2)(d) of the Companies Ordinance. At 31 December 2015. we are also thankful to our associates.079. External Auditors The Audit Committee has suggested the name of KPMG Taseer Hadi & Co. 1984. We offer sincere appreciation to the State Bank of Pakistan for their guidance and cooperation extended to the Bank. Finally. The retiring auditors.11 of the Code of Corporate Governance (as contained in the Rule Book of the Exchange) forms part of this Annual Report. 2015 on the basis of un-audited accounts is: PKR ‘000 Provident Fund Management Staff Gratuity Fund Non.456 42. Ferdinand Pieterse as director (subject to clearance from State Bank of Pakistan) in place of Mr. Standard Chartered Bank. staff and colleagues for their committed services provided to our valued customers.Management Staff Gratuity Fund Management Staff Pension Fund Non.

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Management gives due consideration to the recommendations made by the internal and external auditors for improvements in the internal control system and take action to implement such recommendations. The bank has developed comprehensive management testing plans and reporting framework to ensure operating effectiveness of key controls and has significantly addressed the design improvement opportunities identified to complete the project related initiatives. The Bank engaged external consultants to facilitate in reviewing the process and control documentation and provide professional guidance in documenting. The department periodically carries out detailed reviews/audits of its branches and various departments/ units based on a yearly plan which is approved by the Audit Committee. 8. which is designed to provide reasonable assurance to the Bank's management and Board of Directors regarding the preparation of reliable published financial statements. and actions are taken to correct deficiencies as they are identified.Management’s Statements on Internal Controls and Risk Management Framework The following statements are made by the management to meet the requirements of the State Bank of Pakistan (SBP) BSD Circular letter no. Furthermore. 9. Internal control policies. 4. Further the 19 . SCBPL has devised a well defined and comprehensive Internal Control Program along the lines of stage wise roadmap. second is the Operational Risk Assurance and support from Group Internal Audit is the third line of defense. There is an annual budgeting and strategic planning process. as suggested by SBP. 7. The Bank has an effective Internal Audit Department. the Bank has successfully completed all of the stages of the SBP roadmap on ICFR. Further. Financial forecasts are reviewed during the year on a periodic basis to reflect significant changes in business environment. This involved completing detailed documentation of the existing processes and controls and related Risk and Control Matrices. 3. The Bank will continue enhancing its coverage and compliance with the SBP guidelines on Internal Controls and further strengthen its control environment on an ongoing basis. These include Internal Audit and Operational Risk Framework (ORF) in which assurance responsibilities are divided into three lines of defense i. 2. safety. 2 of 2005 and BSD Circular letter no. which reports directly to the Audit Committee of the Board.e. It also involved completing a comprehensive gap analysis of the control design and developing remediation plans for the gaps identified. Review and implementation of health. The policies and procedures in all significant areas and as per the directives of the regulators have been duly approved by the Board. has inherent limitations and therefore can provide only reasonable assurance with respect to financial statements preparation. SCBPL has adopted the internationally accepted Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Controls Integrated Framework 1992 and available international practices in relation to Internal Controls over Financial Reporting (ICFR) to comply with SBP guidelines on Internal Controls. because of changes in conditions. 5. assessing and testing the existing key Processes and Controls in line with requirements of SBP guidelines and leading practices. 10. tools and reporting structures have been enhanced to provide greater clarity over roles and responsibilities. no matter how well designed. Internal Controls Management of Standard Chartered Bank (Pakistan) Limited (the Bank or SCBPL) is responsible for establishing and maintaining a sound system of internal controls aimed at achieving the following objectives of the Bank: l l l Efficiency and effectiveness of operations Compliance with applicable laws and regulations Reliability of financial reporting 1. 6. using operating statistics and monthly management accounts which highlight key performance indicators and variance from budgets and forecasts is in place. Relevant training materials have also been updated and deployment is underway. SCBPL maintains a system of ICFR. environment and contingency management processes and other significant policies are carried out and reporting mechanism is in place. An organization structure has been established which supports clear lines of communication and tiered levels of authority with accountability. Regular reporting and monitoring of financial performance of the departments and the Bank as a whole. The management has put in place evaluation and approval procedures for major capital expenditure and other transactions. internal control system effectiveness may vary over time. The system contains self-monitoring mechanisms. The Management has adopted different strategies to ensure effective monitoring and improvement of internal controls. 3 of 2005. Internal Audit is currently performing assurance over ICFR. first being the business function. Accordingly. Even an effective internal control system.

the Executive Committee reviews specific risk areas and monitors the activities of the Country Risk Committee ("CRC") and the Asset and Liability Committee ("ALCO"). has integrated enterprise wide risk management. All risk taking must be transparent. which brings together various types of risks being faced by the entire organization under one umbrella. Anticipation: The Bank looks to anticipate future risks and to ensure awareness of all risk. market and liquidity risk. Market and Traded Credit Risk (MTCR) is responsible for liquidity risk and risks associated with price movements. securities and derivative exposures. arising from interest and exchange rate movements. controlled and reported. Through the risk management framework the Bank seeks to manage efficiently the core risks: credit. Following are the important factors of the risk management function within the Bank. is responsible for credit risk. gaps have been bridged accordingly Risk Management Framework The Bank in an effort to fully implement guidelines issued by SBP on risk management throughout the Bank. reviewing and managing risk. The Bank has established policies. which are approved by the Board once recommended. is responsible for management of the Bank's liquidity. Any such risks are avoided which have a material probability of causing financial distress to the Bank or its clients or customers. Credit exposures may arise from lending. Head of Consumer Credit responsible for credit risk in Retail Bank . and controls and has provided the Risk team adequate support by way of risk systems and tools for measuring and reporting risk for monitoring. 20 Standard Chartered Annual Report 2015 . Head of Credit Risk Controls responsible for collateral management. Responsibility: Given the Bank is in the business of taking risk. pension risk. procedures. The CRC is also delegated down by the Boards' responsibility to delegate credit authorities to independent Risk Officers. market risk. and supported by the Executive Committee. Risk should be taken within the Bank's risk appetite. controlling. Accountability: Risk is taken only within agreed authorities and where there is appropriate infrastructure and resource. The Pensions Executive Committee through authority delegated by the Board through the Bank's Executive Committee. with strength in depth. Competitive Advantage: The Bank seeks to achieve competitive advantage through efficient and effective risk management and control. ALCO. Acting within an authority delegated by the Board. The Country Head of Operational Risk is responsible for enterprise wide operations risk. CRC headed by Country Chief Risk Officer (CCRO). Senior Credit Officer responsible for credit risk in Corporate & Institutional Bank and Commercial Bank. The day to day responsibility for managing risk rests with CCRO who oversees and manages the risk through a team of managers. Credit Risk Credit risk is the risk that a counter party will not settle its obligations in accordance with agreed terms. Ultimate responsibility for the effective management of risk rests with the Bank's Board of Directors. Credit exposures include both individual borrowers and groups of connected counterparties and portfolios in the banking and trading books. The CEO and the Executive Committee in turn rely on CCRO and the CRC to determine these and recommend for their support and Board's approval. capital adequacy and structural foreign exchange risk. Risk management: The Bank aims to implement best practices and have a specialist risk function of international standards. security documentation. capital risk and strategic risk are normal consequences of any business undertaking. consistent with the approved strategy. These arise directly through the Bank's commercial activities whilst operational risk. Head of Special Assets Management responsible for remedial risk management. experience across risk types and economic scenarios. trade finance. is responsible for the management of pension risk. operational risk. through authority delegated by the Board through the Bank's Executive Committee. reputational risk. compliance and regulatory risk.Management’s Statements on Internal Controls and Risk Management Framework consultants also independently performed the Quality Assurance / Validation exercise to provide assurance whether after completion of remedial plans. legal risk and reputational risk. The basic risk management principles followed by the Bank include: Balancing risk and reward: Risk is taken in line with the requirements of the Bank's stakeholders. Credit risk appetite is established through business strategy papers and underwriting standards by the business managers. credit MIS and controls. through authority delegated by the Board through the Bank's Executive Committee. The Board of Directors has delegated down the authority to CRC through the Bank's Executive Committee to establish risk appetite and make recommendations to the Board for approval of risk appetite and policies for managing credit risk. it is everyone's responsibility to ensure that risk taking is both disciplined and focused. The Bank takes account of its social responsibilities and its commitment to customers in taking risk to produce a return. processes.

In addition. Commercial Bank and Retail Bank are determined at the Senior Credit Officer and Head of Consumer Credit levels for their respective jurisdictions with specific policies and procedures being adapted to different risk environments and business goals. Operational Risk Operational risk is the risk of loss resulting from inadequate or failed internal processes. and medium term funding requirements whereas short-term liquidity tools include day to day monitoring of future cash flows and liquidity stress tests using various behavioral and rollover assumptions. is responsible for liquidity risk management. In accordance with the framework. In addition to market risk policies. independent stress testing of portfolios and factor sensitivity measures are also employed as additional risk management tools to manage and hedge market risk exposures. Policies cover both trading and non-trading books. people and systems or from external events. This committee. There is a clear segregation of duties with loan applications being prepared separately from the approval chain. which are widely diversified by type and maturity. who agrees policies and procedures and levels of risk appetite in terms of Value at Risk ("VaR"). which are processed in central units for different products and market segments. Portfolio review. credit grade determination and financial spreading / ratio analysis. Corporate & Institutional Bank and Commercial Bank: Within the Corporate & Institutional Bank and Commercial Bank business. Risk models are periodically back tested against actual results to ensure that pre-determined levels of accuracy are maintained. Liquidity risk. Credit Portfolio Monitoring and Forecasting team has developed Bureau scores and uses Bureau data for portfolio monitoring and for underwriting new business. These customer deposits. The Bank has no exposure to equity and commodity price risk. Limits are then proposed by the business within the terms of agreed policy. represent a stable source of funds. business areas and functions are responsible to identify its key operational risks as well as the controls established to mitigate those risks and to ensure compliance with the laws. is monitored through liquidity risk management framework and is managed by ALCO. Commercial Bank and Retail Bank. Retail Bank: Program based standard credit application forms are generally used. The grading is based on a probability of default measure. Credit analysis includes review of facility details. liquidity contingency funding plans are reviewed periodically to ensure that alternative funding strategies are in place and can be implemented on a timely basis to minimize the liquidity risk that may arise due to unforeseen adverse changes in the market place. Market Risk The Bank recognizes market risk as the exposures created by potential changes in market prices and rates. The Operational Risk Framework sets out the governing principles of operational risk management. Liquidity Risk The Bank defines liquidity risk as the potential that the Bank either does not have sufficient liquid financial resources available to meet all its obligations as they fall due. as well as VaR and other market risk limits. These are agreed and delegated down by CRC under delegated authority from the Board. MTCR approves the limits within delegated authorities and monitors exposures against these limits. key balance sheet ratios. regulatory administrative actions and the Bank's policies. regulations. Furthermore. the Country Operational Risk Committee ("CORC") ensures that an appropriate risk management framework is 21 . an alpha numerical risk grading system is used for quantifying the risk associated with counter-party. or can only access these financial resources at excessive cost.Management’s Statements on Internal Controls and Risk Management Framework Specific procedures for managing credit risk within Corporate & Institutional Bank. both short-term and structural. independent risk management oversight and an independent review by the Group Internal Audit. A range of tools are used for the management of liquidity. chaired by the CEO. and is locally under governance of CCRO. Expected Loss is used for further assessment of individual exposures and portfolio analysis. A substantial portion of the Bank's assets are funded by customer deposits made up of current and savings accounts and other deposits. Early Alerts and Stress Testing based on scenario analysis is a combined responsibility of Client Relationship and Risk and Finance function. Operational risk is inherent in the Bank's activities and as with the other risk types is managed through an overall framework with checks and balances that includes recognized ownership of the risk by the businesses. The Bank also maintains significant levels of marketable securities either for compliance with local statutory requirements or as prudential investments of surplus funds. with customers analyzed against a range of quantitative and qualitative measures. Tools for structural liquidity comprise of commitment and wholesale borrowing guidelines. Client relationship origination and credit approval roles are clearly segregated throughout Corporate & Institutional Bank. Market risk exposures arise primarily from interest rate and foreign exchange related contracts.

The Bank assesses and monitors the assets and liabilities within the defined-benefit scheme. The Bank's actual performance to budget is measured on a continual basis at a more granular level at relevant committees. By order of the Board Shazad Dada Chief Executive Officer 22 Standard Chartered Annual Report 2015 . The Bank's ALCO monitors Risk Weighted Assets (RWA) growth and provides guidance for RWA management. In other words. The assumptions used account for the projected trends in the salaries. in line with the Group's stated risk appetite and overall strategy. Pension Risk Pension risk is the potential for loss that surfaces from having to meet an actuarially-assessed shortfall in the Bank's definedbenefit pension schemes. The Compliance and Regulatory risk function is responsible for establishing and maintaining an appropriate framework of compliance policies and procedures. All staff are responsible for day to day identification and management of reputational risk. Strategic Risk Strategic risk is the potential for opportunity loss from failure to optimize the earnings potential of the Bank's franchise. Compliance with such policies and procedures is the responsibility of all staff. market. Capital Risk Capital risk is the potential for actual or opportunity loss arising from sub optimal allocation of capital or increase in cost of capital. self-compliance assurance and internal audits also form an integral part of the operational risk management process. It may also arise from the failure to comply with Social. business contingency planning. The Bank manages legal risk through Legal function.Management’s Statements on Internal Controls and Risk Management Framework in place and reports. claims being made or some other event resulting in a liability (anticipated/contingent) or other loss for the Bank. Reputational Risk Reputational risk is any material adverse effect on the relations between the Bank and any one of its significant stakeholders. The Bank manages its demand for capital by regular monitoring of capital requirements and asset exposures. which include a view on the forecast capital position. Disaster recovery procedures. Actuarial methodologies are used for determining the present values of the assets and liabilities of the definedbenefit scheme. credit. and the Country Chief Risk Officer (CCRO) is an active member of this committee. It is Bank policy that the protection of the Bank's reputation should take priority over all activities including revenue generation at all times. The CEO is the RCO responsible for strategic risk. regulatory and operational risk. turnover and mortality of the membership. or related to. Legal Risk Legal Risk is the risk of unexpected loss. Strategic risk is not governed or managed through the use of a policy. liquidity. including but not limited to reputational loss arising from defective transaction or contracts. failure to protect the title to and ability to control the rights to assets of the Bank (including intellectual property rights). Reputational risk is not a primary risk. significant issues and exceptions are also picked by the independent Risk function. A key driver of Bank's strategic risk profile is the sustainability of an expanding operations base and the ability to successfully identify and integrate value-adding acquisition targets. The CORC is chaired by the Chief Executive Officer (CEO). monitors and manages significant operational risks. for discussion at the Executive Risk Committee chaired by the CCRO. Compliance and Regulatory Risk Compliance and Regulatory risk includes the risk of non-compliance with regulatory requirements. Legal risk policies and procedures and effective use of its internal and external lawyers. changes in the law or jurisdiction risk. it represents the risk that additional contributions will need to be made to a pension scheme because of a future shortfall in the funding of the scheme. Rather. Depending on the severity. Environmental and Ethical standards. The Bank's Country Pensions Committee has oversight of the pension schemes and reviews the assets and liabilities position on a regular basis. but also from an overall perspective by the Board. with support from independent actuarial advisers. but will arise from the failure to effectively mitigate one or more of country. The pension obligation risk to a bank arises from its contractual or other liabilities to. the Board and relevant committees develop its strategies. an occupational pension scheme. legal. capital structure and maintenance of capital adequacy ratio.

During the Shari’ah review Islamic Products (including liabilities) and Islamic transactions based on different mode of Islamic financing including Murabahah. vi. Appointment of Resident Shari’ah Board Member & Head Shari’ah Compliance. the Shari’ah Compliance Department of the bank carried out Shari’ah reviews during the year under review. Review of Murabahah transaction notices. To form an opinion on Shari’ah Compliance of the bank. Musharakah. Based on above activities. We could not include external Shari’ah audit report as it is still awaited. ix. v. 3. on test check basis of each class of transactions. Implementation of Shari’ah Governance Framework SCBPL has implemented the Shari’ah Governance Framework (SGF) issued by State Bank of Pakistan (SBP) from 1st July 2015 which includes: i. The following major activities have been performed to ensure Shari’ah Compliance of Islamic Banking Business: I. were checked. iii. Basic Islamic Banking Training to Board of Directors (BOD) and Executive Management (EXCO) Advise role and responsibilities to BOD & EXCO Shari’ah Compliance Reviews During the year under review. annual Shari’ah compliance review of Islamic Banking Business was conducted on a test check basis. 2015 We. Development of Shari’ah Compliance Framework and SCD’s Operating manual. Advise Scope of Shari’ah Audit to External Shari’ah Auditor. the relevant documentation and process flows etc. are presenting this report on overall Shari’ah compliance environment of Standard Chartered Bank (Pakistan) Limited (SCBPL): As per new Shari’ah Governance Framework. The Bank has complied with Shari’ah rules and principles provided in the fatawa.Report of Shari’ah Board For the year ended December 31. regulations. However. Ujrah etc. rulings and guidelines issued by Shari’ah Board. as being Shari’ah Board of the SCBPL. Diminishing Musharakah. Shari’ah Board may require some resources in future. 2. viii. Form of offers. Purchase evidences and Physical inspections 23 . iv. 4. Formation of Shari’ah Compliance Department (SCD). Formation of Internal Shari’ah Audit Unit (ISAU). The bank has a comprehensive mechanism in place to ensure Shari’ah compliance in their overall operations. The Bank has complied with directives. ii. instructions and guidelines related to Shari’ah compliance issued by SBP in accordance with the rulings of SBP’s Shari’ah Board. Musawamah. the Shari’ah compliance of Islamic Banking within Standard Chartered Bank (Pakistan) Limited (SCBPL) is the sole responsibility of Board of Directors and Executive Management. Review of Standard Agreements of Financing products II. due to continuous increase in the volume of Saadiq business. confirmation of purchases. Formation of Shari’ah Board. Payment evidences. Furthermore. we are of the view that: 1. vii. The Shari’ah Board has been provided resources enabling it to discharge its duties. Development of ISAU’s manual. we have also reviewed the report of the internal Shari’ah audit.

Some improvements / enhancement in EIBM . VI. 1. all issues identified were duly addressed by management and agreed for implementation. The Bank has a system in place which ensures that any earnings realized from sources or by means prohibited in Shari’ah have been credited to charity account and are being properly utilized.38 million was received from the customers due to “Delay in Payments” and the same amount has been transferred to the charity account. the basic Islamic Banking Training to Board of Directors (BOD) and Executive Management (EXCO) has been imparted. It helps frontline staff to understand Islamic structures and products and enable them to explain the same to the bank’s customers. Furthermore. Awareness. during the year under review. Further more. It is good to see that the management is paying attention on Islamic Banking training programs and importance of Shari’ah Compliance in the products and processes of the bank. as part of continuous improvement necessary recommendations and corrective measures were suggested. SCBPL and Lahore University of Management Sciences (LUMS) has signed a memorandum of understanding (MoU) with a primary focus to promote State Bank of Pakistan's (SBP) initiative of establishing Centres of Excellence in Islamic Finance for promoting the Islamic banking industry in the country. in SCBPL approximately 159 training sessions related to Islamic Banking and Saadiq products were arranged and more than 1600 staff members were trained throughout Pakistan.5 million and the same has been transferred to the charity account as well. Review of Process flow adherence in Murabahah transactions Review of Qard and Mudarabah based accounts documents Review of profit and loss distribution and Pool Management framework Review of Participation ratio of Bank & Customer in Diminishing Musharakah Review of Profit / Loss Sharing Ratio and Profit Adjustment activity of Musharakah The bank has complied with SBP instructions on profit and loss distribution and pool management. 2015 III. The BOD and management are now focusing on the importance of Shari’ah compliance on all level including awareness. The overall Shari’ah compliance of the Islamic Business operation and their alignment with the Shari’ah guidelines was also reviewed. VII. 24 Standard Chartered Annual Report 2015 . As an initiative to create awareness within the bank. 9. The Bank also nominated staff for a training programme on “Leadership Development for Islamic Financial Institutions (IFIs)” organized by LUMS. Shari’ah Review of dedicated Islamic branches and Islamic Windows were also conducted and suggestions for Shari’ah excellence and further improvement in understanding of Islamic Banking and Saadiq Products were advised. where leading Muslim scholars of the country discussed the topic of 'Inheritance & Will' followed by another discussion on ‘Zakat’ in June 2015 to create overall awareness of the clients. The collected Charity was disbursed as per the guidance of Shari’ah Board. V. Training and Capacity Building In compliance with SGF. In addition to that BOD and EXCO have been briefed about their role and responsibilities under SGF. In addition. SCBPL has also organized awareness sessions for the bank’s clients.Profit Distribution & Calculation System have been advised in Shari’ah Compliance Review. sensitization of the staff etc. during the year under review the bank has published ‘Saadiq Sales Pitchbook’ to create awareness within the internal stakeholders. Non-Shari’ah compliant income related to transactions identified approximately Rs. In November 2014. Late Payment and Non-Compliant Income Charity During the year an amount of approximately Rs. capacity. the bank started a thought provoking series with the name of 'Living Islam'. IV.Report of Shari’ah Board For the year ended December 31.

Report of Shari’ah Board

For the year ended December 31, 2015
Recommendation
1- The bank should continue to nominate key executives/Islamic Banking staff for certification, diploma programs,
seminars and workshops etc.
2- In continuation of Islamic banking awareness program, the bank should keep arranging engagement sessions
with its clients in other cities of the country during the year 2016.
3- The bank is advised to offer Islamic Banking Products ‘as first choice’ while on board customer as new to the
bank.
May Allah Subhanah wa Ta’ala accept our endeavours and grant us devotion to accomplish His cherished tasks,
make us successful in this world and in the Hereafter, and forgive our mistakes.

Shaikh Nizam Yaqouby
Chairman Shari’ah Board

Mufti Irshad Ahmad Aijaz
Member Shari’ah Board

Mufti Muhammad Abdul Mubeen
Member Shari’ah Board

Mufti Muhammad Abdullah
Resident Shari’ah Board Member

25

KPMG Taseer Hadi & Co.
Chartered Accountants
First Floor
Sheikh Sultan Trust Building No. 2
Beaumont Road
Karachi 75530 Pakistan

Telephone: + 92 (21) 3568 5847
Fax:
+ 92 (21) 3568 5095
Internet: www.kpmg.com.pk

Review Report to the Members on Statement of Compliance with the
Code of Corporate Governance
We have reviewed the enclosed Statement of Compliance with the best practices contained in the Code of Corporate Governance
(“the Code”) prepared by the Board of Directors (“the Board”) of Standard Chartered Bank (Pakistan) Limited (“the Bank”)
for the year ended 31 December 2015 to comply with the requirements of Listing Regulations of the Karachi, Lahore and Islamabad
Stock Exchanges (now Pakistan Stock Exchange) where the Bank is listed.
The responsibility for compliance with the Code is that of the Board of Directors of the Bank. Our responsibility is to review, to
the extent where such compliance can be objectively verified, whether the Statement of Compliance reflects the status of the
Bank’s compliance with the provisions of the Code and report if it does not and to highlight any non-compliance with the
requirements of the Code. A review is limited primarily to inquiries of the Bank’s personnel and review of various documents
prepared by the Bank to comply with the Code.
As a part of our audit of the financial statements we are required to obtain an understanding of the accounting and internal control
systems sufficient to plan the audit and develop an effective audit approach. We are not required to consider whether the Board
of Directors’ statements on internal control covers all risks and controls, or to form an opinion on the effectiveness of such internal
controls, the Bank’s corporate governance procedures and risks.
The Code requires the Bank to place before the Audit Committee, and upon recommendation of the Audit Committee, place
before the Board of Directors for their review and approval its related party transactions distinguishing between transactions
carried out on terms equivalent to those that prevail in arm’s length transactions and transactions which are not executed at arm’s
length price and recording proper justification for using such alternate pricing mechanism. We are only required and have ensured
compliance of this requirement to the extent of approval of related party transactions by the Board of Directors upon recommendation
of the Audit Committee. We have not carried out any procedures to determine whether the related party transactions were
undertaken at arm’s length price or not.
Based on our review, nothing has come to our attention which causes us to believe that the Statement of Compliance does not
appropriately reflect the Bank’s compliance, in all material respects, with the best practices contained in the Code as applicable
to the Bank for the year ended 31 December 2015.

Date: 03 March 2016
Karachi

26

Standard Chartered Annual Report 2015

KPMG Taseer Hadi & Co.
Chartered Accountants

Statement of Compliance with the Code of
Corporate Governance
The Board of Directors of Standard Chartered Bank (Pakistan) Limited ("Bank") supports and re-confirms its commitment to
continued support and implementation of the highest standards of Corporate Governance at all times.
This statement is being presented to comply with Clause 5.19 of the Code of Corporate Governance ('the Code') as contained
in the Rule Book of the Pakistan Stock Exchange (previously listing regulations of Karachi, Lahore & Islamabad Stock
Exchanges), for the purpose of establishing a framework of Good Governance, whereby a listed company is managed in
compliance with the best practices of Corporate Governance.
The Bank has applied the principles contained in the Code in the following manner:
1.

The Bank encourages representation of independent non-executive directors on its Board of Directors. At present the
Board consists of the following directors:
Mr. Sunil Kaushal (Chairman)
Mr. Shazad Dada (CEO)
Mr. Vinod Ramabhadran
Mr. Ferdinand Pieterse*
Mr. Najam I. Chaudhri
Mr. Parvez Ghias
Mrs. Spenta Kandawalla

Non Executive Director
Executive Director
Non Executive Director
Non Executive Director
Independent Non Executive Director
Independent Non Executive Director
Independent Non Executive Director

Independent non-executive directors meet the criteria of independence under clause 5.19.1 (b) of the Code.
2.

The Directors have confirmed that none of themis serving as a director in more than seven listed companies, including this
Bank.

3.

All the resident directors of the Bank are registered taxpayers and none of them has defaulted in payment of any loan to
a banking company, a DFI or an NBFI or, being a member of a stock exchange, has been declared as a defaulter by that
stock exchange.

4.

The Bank has adopted Group's 'Code of Conduct', which has been approved by the Board and is disseminated to all the
directors and employees of the Bank along with its supporting policies and procedures.

5.

The Board has developed and approved a vision/mission statement and overall corporate strategy. The Board has also
approved significant policies and adopted certain Standard Chartered Group policies as far as they are in accordance with
the local laws and regulations. A complete record of particulars of significant policies along with the dates on which they
were approved or amended has been maintained.

6.

All the powers of the Board have been duly exercised and decisions on material transactions, including appointment and
determination of remuneration and terms and conditions of employment of the CEO are taken by the Board.

7.

The meetings of the Board were presided over by the Chairman and, in his absence, by a director elected by the Board
for this purpose.

8.

Two casual vacancies were created during the year on 01 July 2015 and 28 October 2015.These were filled by the Board
on 22 September 2015 and 24 February 2016 respectively.

9.

The Board met at least once in every quarter. Notices of meetings, agendas and related papers are circulated at least
seven days before the meeting except in case where an emergent meeting is to be held. The minutes of the meetings
were appropriately recorded and circulated.

10. The Board approved appointment of CFO, Head of Internal Audit and Company Secretary including their remuneration and
terms and conditions of employment. No new appointments have been made during the year except the fresh appointment
of CFO.
11. The Board has formed an Audit Committee. The terms of reference of this Committee have been approved by the Board
and advised to the Committee for compliance. Committee also ensures independence of the internal audit function and
independence and objectivity of the External Auditors.
12. The Audit Committee of the Board comprises of three members. Two members including the Chairman are independent
non-executive directors while the other member is a non-executive director.
13. The meetings of the Audit Committee are held at least once every quarter prior to approval of interim and final results of
the Bank and as required by the Code.
*Subject to clearance from State Bank of Pakistan

27

14. The Board has constituted a Human Resource & Remuneration Committee. It comprises of four members; two independent
non-executive directors, an executive director and a non-executive director.
15. The Directors' Report for this year has been prepared in compliance with the requirements of the Code and fully describes
the salient matters required to be disclosed.
16. The financial statements of the Bank were duly endorsed by CEO and CFO before approval of the Board.
17. The directors, CEO and executives do not hold any interest in the shares of the Bank other than that disclosed in the
pattern of shareholding. No trading in shares of the Bank was carried out by the Directors, Executives and their spouses
and minor children during the year as confirmed by them.
18. All Directors are provided with an Orientation Pack on their appointment. During the period under review, a number of
in-house orientation sessions were attended by the directors. All Directors on the Board have completed directors training
programs arranged by Pakistan Institute of Corporate Governance (PICG) except for the two Non-Executive Directors for
whom training will be arranged in due course of time.
19. The Bank has complied with all the corporate and financial reporting requirements of the Code.
20. The Board has set up an effective Internal Audit department. Head of Internal Audit Department reports directly to the
Chairman of the Board Audit Committee. Personnel of internal audit function are suitably qualified and experienced for the
purpose and are conversant with the policies and procedures of the Bank.
21. The statutory auditors of the Bank have confirmed that they have been given a satisfactory rating under the quality control
review program of the Institute of Chartered Accountants of Pakistan, that they or any of the partners of the firm, their
spouses and minor children do not hold shares of the Bank and that the firm and all its partners are in compliance with
International Federation of Accountants (IFAC) guidelines on code of ethics as adopted by Institute of Chartered
Accountants of Pakistan.
22. The statutory auditors or the persons associated with them have not been appointed to provide other services except in
accordance with the listing regulations and the auditors have confirmed that they have observed IFAC guidelines in this
regard.
23. Material/ price sensitive information, if any, as described in clause 5.19.13 (c) of the Code has been disseminated to the
Stock Exchanges and Securities and Exchange Commission of Pakistan in a timely manner.
24. The 'closed period', prior to the announcement of interim/final results, and business decisions, which may materially affect
the market price of company's securities, was determined and intimated to directors, employees and stock exchange(s).
25. The Bank has complied with the requirements as stipulated in clause 5.19.6 (b) of the Code relating to Related Party
transactions.
26. All other material principles contained in the Code have been complied with.

By Order of the Board

Shazad Dada
Chief Executive Officer

28

Standard Chartered Annual Report 2015

590 189.557 37% 46% 20.net Deposits Expense / Income Ratio Advances / Deposits Ratio Return on Equity Return on Assets 2010 2011 2012 2013 2014 2015 23.195 13.405 16.97% 2.308 7.22% 2.214 15.755 12.100 321.000 52.540 6.560 54.473 9.14% 26.678 304.912 8.456 409.288 22.091 50.885 9.606 17.953 52% 55% 10.977 266.108 5.942 15.637 220.144 10.286 394.266 57% 63% 7.504 44% 42% 18.213 16.480 48.993 5.278 6.net Investments .63% 1.528 18.687 296.431 5.508 135.696 15.568 128.495 146.42% 29.097 12.184 131.016 447.463 55.863 7.269 72.318 327.405 129.329 5.620 104.270 356.17% 29 .61% 26.348 106.215 13.446 20.843 51.69% 28.256 15.59% 24.563 3.393 12.52% 2.705 9.796 12.Six Years Key Financial Data Rupees in million Key Financial Date Revenue Operating Profit Profit before Tax Profit after Tax Net Mark-up Income before provision Non Mark-up Income Non Mark-up Expenses Shareholder’s Equity Total Assets Advances .96% 1.316 14.911 19.480 7.331 388.385 9.375 235.923 139.238 42% 33% 16.670 53% 51% 11.725 20.231 9.785 225.78% 1.872 135.

Standard Chartered Bank (Pakistan) Limited Financial Statements For the year ended 31 December 2015 20 Standard Chartered Annual Report 2015 .

KPMG Taseer Hadi & Co.
Chartered Accountants
First Floor
Sheikh Sultan Trust Building No. 2
Beaumont Road
Karachi 75530 Pakistan

Telephone: + 92 (21) 3568 5847
Fax:
+ 92 (21) 3568 5095
Internet: www.kpmg.com.pk

Auditors’ Report to the Members
We have audited the annexed unconsolidated statement of financial position of Standard Chartered Bank (Pakistan) Limited
(“the Bank”) as at 31 December 2015 and the related unconsolidated profit and loss account, unconsolidated statement of
comprehensive income, unconsolidated cash flow statement and unconsolidated statement of changes in equity together with
the notes forming part thereof (here-in-after referred to as the ‘financial statements’) for the year ended 31 December 2015, and
we state that we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary
for the purposes of our audit.
It is the responsibility of the Bank’s Board of Directors to establish and maintain a system of internal control, and prepare and
present the financial statements in conformity with the approved accounting standards and the requirements of the Banking
Companies Ordinance, 1962 (LVII of 1962), and the Companies Ordinance, 1984 (XLVII of 1984). Our responsibility is to express
an opinion on these statements based on our audit.
We conducted our audit in accordance with the International Standards on Auditing as applicable in Pakistan. These standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of
any material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting policies and significant estimates made by management,
as well as, evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis
for our opinion and, after due verification, which in case of loans and advances covered more than 60% of the total loans and
advances of the Bank, we report that:
a)

in our opinion, proper books of account have been kept by the Bank as required by the Companies Ordinance, 1984
(XLVII of 1984);

b)

in our opinion:
the statement of financial position and the related profit and loss account together with the notes thereon have been
drawn up in conformity with the Banking Companies Ordinance, 1962 (LVII of 1962), and the Companies Ordinance,
1984 (XLVII of 1984), and are in agreement with the books of account and are further in accordance with the
accounting policies consistently applied except for the change in accounting policy as disclosed in note 3 to the
accompanying financial statements, with which we concur;

ii)

the expenditure incurred during the year was for the purpose of the Bank’s business; and

iii)

the business conducted, investments made and the expenditure incurred during the year were in accordance with
the objects of the Bank and the transactions of the Bank which have come to our notice have been within the
powers of the Bank;

c)

in our opinion and to the best of our information and according to the explanations given to us, the unconsolidated
statement of financial position, unconsolidated profit and loss account, unconsolidated statement of comprehensive
income, unconsolidated cash flow statement and unconsolidated statement of changes in equity together with the notes
forming part thereof conform with approved accounting standards as applicable in Pakistan, and give the information
required by the Banking Companies Ordinance, 1962 (LVII of 1962), and the Companies Ordinance, 1984 (XLVII of
1984), in the manner so required and give a true and fair view of the state of the Bank’s affairs as at 31 December 2015
and its true balance of profit, its cash flows and its changes in equity for the year then ended; and

d)

in our opinion Zakat deductible at source, under the Zakat and Ushr Ordinance, 1980 (XVIII of 1980), was deducted
by the Bank and deposited in the Central Zakat Fund established under section 7 of that Ordinance.

Date: 03 March 2016
Karachi

KPMG Taseer Hadi & Co.
Chartered Accountants
Muhammad Taufiq
31

Financial statements and notes

i)

Un-Consolidated Statement of Financial Position
As at 31 December 2015

Note
ASSETS
Cash and balances with treasury banks
Balances with other banks
Lendings to financial institutions
Investments
Advances
Operating fixed assets
Intangible assets
Other assets

2015
2014
------------- (Rupees in ’000) ------------

4
5
6
7
8
9
10
12

29,482,134
4,300,002
26,969,566
225,318,405
106,784,996
5,963,952
26,126,720
22,402,016
447,347,791

21,475,345
387,301
10,813,559
189,678,370
128,590,059
6,282,553
26,173,114
26,167,582
409,567,883

13
14
15
16
11
17

11,401,191
21,784,451
327,237,527
2,500,000
3,221,120
19,253,047
385,397,336
61,950,455

5,563,605
17,244,671
304,503,668
2,500,000
2,575,833
16,464,654
348,852,431
60,715,452

Share capital
Reserves
Unappropriated profit

18
19

Surplus on revaluation of assets - net of deferred tax

20

38,715,850
10,847,005
5,453,310
55,016,165
6,934,290
61,950,455

38,715,850
8,989,320
6,751,303
54,456,473
6,258,979
60,715,452

CONTINGENCIES AND COMMITMENTS

21

LIABILITIES
Bills payable
Borrowings
Deposits and other accounts
Sub-ordinated loans
Deferred tax liabilities - net
Other liabilities
NET ASSETS

REPRESENTED BY:

The annexed notes 1 to 42 and Annexure I form an integral part of these un-consolidated financial statements.

Shazad Dada
Chief Executive Officer

32

Najam I. Chaudhri
Director

Standard Chartered Annual Report 2015

Parvez Ghias
Director

Spenta Kandawalla
Director

Un-Consolidated Profit and Loss Account
For the year ended 31 December 2015

Note
Mark-up / return / interest earned
Mark-up / return / interest expensed
Net mark-up / return / interest income
Provision against non-performing loans and advances - net
Recovery of amounts written off
Provision for diminution in the value of investments
Bad debts written off directly

22
23

32,937,559
(10,629,849)
22,307,710

34,105,789
(13,242,563)
20,863,226

8.3 & 17.2

(1,616,385)
245,573
(4,729)
(181,865)
(1,557,406)
20,750,304

(489,241)
312,891
(74,151)
(215,344)
(465,845)
20,397,381

3,671,329
14,977
2,061,390
1,015,697

3,300,165
84,204
2,908,748
727,267

7.10
25

4,042
329,689
7,097,124
27,847,428

54,460
318,029
7,392,873
27,790,254

26
27
28

(12,104,946)
(3,164)
(354,699)
(12,462,809)
15,384,619
15,384,619

(12,247,951)
(311,740)
(12,559,691)
15,230,563
15,230,563

(5,105,573)
(697,323)
(293,297)
(6,096,193)
9,288,426

(4,255,131)
(187,994)
(1,062,535)
(5,505,660)
9,724,903

7.3
8.5.1

Net mark-up / return / interest income after provisions
NON MARK-UP / NON INTEREST INCOME
Fees, commission and brokerage income
Dividend income
Income from dealing in foreign currencies
Gain on sale of securities - net
Unrealized gain on revaluation of investments
classified as held for trading
Other income
Total non mark-up / non interest income
NON MARK-UP / NON INTEREST EXPENSES
Administrative expenses
Other (provisions) / reversal / asset write-offs
Other charges
Total non mark-up / non interest expenses

24

Extra-ordinary / unusual items
PROFIT BEFORE TAXATION
Taxation - current
- prior years'
- deferred

29

PROFIT AFTER TAXATION

2015
2014
------------- (Rupees in ’000) ------------

BASIC / DILUTED EARNINGS PER SHARE

30

2.40

2.51

The annexed notes 1 to 42 and Annexure I form an integral part of these un-consolidated financial statements.

Shazad Dada
Chief Executive Officer

Najam I. Chaudhri
Director

Parvez Ghias
Director

Spenta Kandawalla
Director
33

Financial statements and notes

----------------- (Rupees) ------------------

Un-Consolidated Statement of Comprehensive Income
For the year ended 31 December 2015

2015

2014

------------ (Rupees in ’000) -----------9,288,426

9,724,903

(81,349)
28,472
(52,877)

3,023
(1,058)
1,965

9,235,549

9,726,868

Surplus on revaluation of available for sale securities- net
Related tax charge

1,087,035
(380,462)
706,573

3,834,308
(1,342,007)
2,492,301

Surplus on revaluation of operating fixed assets
Related tax charge

9,942,122

380,110
(51,480)
328,630
12,547,799

Profit after tax for the year
Other comprehensive income
Items that will never be reclassified to profit or loss
subsequently
Remeasurement of post employment obligations
Related tax charge
Comprehensive income transferred to equity
Components of comprehensive income not reflected in equity

Total comprehensive income for the year

The annexed notes 1 to 42 and Annexure I form an integral part of these un-consolidated financial statements.

Shazad Dada
Chief Executive Officer

34

Najam I. Chaudhri
Director

Standard Chartered Annual Report 2015

Parvez Ghias
Director

Spenta Kandawalla
Director

073.862.204) 15.475.384.042) 3.453.888 48.512 8.279.999.862.575 15.252.460) (4.460) 74.823 11.501 46.156.021) (8.725.977 (203.076.014) 11.482.919.183) (32.288 35.146.941 (6.net Asset write-offs / other provisions / (reversals) Provision for diminution in the value of investments Provision against non-performing loans and advances .279 (2.862.608) 678.823) 8.496 7.345.621 (32.366) (54.021) (11.Un-Consolidated Cash Flow Statement For the year ended 31 December 2015 Note 2015 2014 -----------.281 (7.687 (976. Chaudhri Director Parvez Ghias Director Spenta Kandawalla Director 35 Financial statements and notes CASH FLOW FROM FINANCING ACTIVITIES Dividend paid Net cash used in financing activities Increase / (decrease) in cash and cash equivalents for the year Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year 15.586 4.513 68.252) (8.782.359 475.559 (4.230.946.334.869 20.308.300.552.803 (12.007) 6.605 478.net of recoveries Decrease / (increase) in operating assets Lendings to financial institutions Net investments in 'held for trading' securities Advances Other assets (excluding advance taxation) Increase / (decrease) in operating liabilities Bills payable Borrowings from financial institutions Deposits and other accounts Other liabilities Cash inflow before taxation Income tax paid Net cash generated from operating activities CASH FLOW FROM INVESTING ACTIVITIES Net investments in 'available for sale' securities Dividend income received Net investment in fixed assets (including intangible assets) Sale proceeds on disposal of operating fixed assets Net cash used in investing activities CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR Cash and balances with treasury banks Balances with other banks 31 15.308.694 926.156.513.394 (3.641 21.074.995) 33.218.563 (84.386 4.677 714.363.151 391.452.594.677 2.780 22.413 5.619 (14.134 4.444.345 387.710 16.646 The annexed notes 1 to 42 and Annexure I form an integral part of these un-consolidated financial statements.254) 61.740.837.210 (41.713) 84.206.077 32.204 (228.014) (8.100.490 21.729 1.812.646 33.002 33.(Rupees in ’000) ------------ CASH FLOW FROM OPERATING ACTIVITIES Profit before taxation for the year Less: Dividend income Adjustments for: Depreciation Amortization Gain on disposal of fixed assets .733.659.164 4.919.136 (8.539.381.421.859 2.659. Shazad Dada Chief Executive Officer Najam I.069 (16.376.278 (41.324) 6.281) 28.642 .814) 47.369.136 21.782.net Unrealized gain on revaluation of investments classified as held for trading .646 29.851.977) 15.963 17.301 21.782.364) 14.556) 14.

505.Un-Consolidated Statement of Changes in Equity For the year ended 31 December 2015 Share Capital Share Premium Statutory Reserve Unappropriated Profit (a) Total -----------------------------------------.288.807.net of deferred tax Balance as at 31 December 2014 Total Comprehensive income for the year Profit after tax for year ended 31 December 2015 Surplus on revaluation of assets .016.944.857.388 - - 1.903 340 - - - 1.208 1.2.388 10.850 1.241.008.850 1.090 6.953.981) (5.156 (5.378) (2.358 9.857.526.903.163 40.165 (a) As further explained in note 8.715.157 92.858 (1.695 25.903.910) (5.850 1.903 340 9.751.724.1 of these un-consolidated financial statements the amount of Rs.036.286.981 - 670.713 million as at 31 December 2015 represents additional profit arising from availing forced sale value benefit for determining provisioning requirement which is not available for the purpose of distribution of dividend to shareholders / bonus to employees.316 - - - 9.944.net of tax Transactions with owners. 0.241. 1.420.40 per share Cash dividend (Interim 2014) at Rs.715.157 92.685 15.313 54.net of tax Other Comprehensive income Remeasurement of post employment obligations .75 per share Transferred from surplus on revaluation of fixed asset .727.230 4.378) (2.807.715.724.50 per share Cash dividend (Interim 2015) at Rs.695 - - 1. 0.75 per share Transferred from surplus on revaluation of fixed asset .303 4.219) (2.090 7.810. 1.473 - - - 9. recorded directly in equity Share based payment transactions (contribution from holding company) Payment against share based payment transactions (to holding company) Transfer to statutory reserve Remeasurement of liability against share based payment to holding company Cash dividend (Final 2014) at Rs.965 9.689) - - - 24.127 52.907 (52.685) 15.219) (2.163 40.net of tax Other Comprehensive income Remeasurement of post employment obligations .904 24.(Rupees in ’000) -----------------------------------------Balance as at 01 January 2014 Total Comprehensive income for the year Profit after tax for year ended 31 December 2014 Surplus on revaluation of assets .036.877) 9.231 82.313 6.689) (36.689) 670. Chaudhri Director Standard Chartered Annual Report 2015 Parvez Ghias Director Spenta Kandawalla Director .456.036.910) (5.358 - - - (52.965 9.208 - - - 82.904 38.310 55.420.907 - - - 25.426 6.426 6.net of deferred tax Balance as at 31 December 2015 38.249 6.156 (1.903. Shazad Dada Chief Executive Officer 36 Najam I.453. The annexed notes 1 to 42 and Annexure I form an integral part of these un-consolidated financial statements.288.903.727.090 9. recorded directly in equity Share based payment transactions (contribution from holding company) Payment against share based payment transactions (to holding company) Reversal of liability against share based payment to holding company Transfer to statutory reserve Cash dividend (Final 2013) at Rs.689) 38.915 5.858 - - - - (36.231 - - - 10.net of tax Transactions with owners.877) 9.

However. l l l Standard Chartered Leasing Limited Standard Chartered Modaraba Standard Chartered Services of Pakistan (Private) Limited The Bank decided to divest its entire shareholding in its subsidiaries namely Standard Chartered Leasing Limited.1 Basis of presentation The financial results of the Islamic banking branches have been consolidated in these financial statements for reporting purposes. 1962 and the directives issued by State Bank of Pakistan. The Bank commenced formal operations on 30 December 2006 through amalgamation of entire undertaking of Union Bank Limited and the business carried on by the branches in Pakistan of Standard Chartered Bank. Key financial figures of the Islamic banking branches are disclosed in note 41 to these financial statements. The Bank's shares are listed on all stock exchanges of Pakistan (subsequent to year end due to demutualization. 1984 and Banking Companies Ordinance. The Bank is engaged in the banking business as defined in the Banking Companies Ordinance.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 1. Approved accounting standards comprise of such International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and Islamic Financial Accounting Standards (IFAS) issued by the Institute of Chartered Accountants of Pakistan (ICAP) as are notified under the Companies Ordinance. 'Financial Instruments: Recognition and Measurement' (IAS 39) and International Accounting Standard 40. 1962 and the directives issued by the State Bank of Pakistan shall prevail. incorporated in England. 1962 and has a total number of 101 branches in Pakistan (2014: 116 branches in Pakistan) in operation at 31 December 2015. the State Bank of Pakistan has issued various circulars from time to time. The scheme of amalgamation was sanctioned by State Bank of Pakistan vide its order dated 4 December 2006. the provisions of and directives issued under the Companies Ordinance. The transaction is subject to final approval by regulator and shareholders. all stock exchanges are integrated into Paksitan Stock Exchange). These financial statements are separate financial statements of the Bank. a bank incorporated by Royal Charter and existing under the laws of England. 37 Financial statements and notes In accordance with the directives of the Federal Government regarding the shifting of the banking system to Islamic modes. The Securities and Exchange Commission of Pakistan has approved and notified the adoption of International Accounting Standard 39. Standard Chartered Modaraba and Standard Chartered Services of Pakistan (Private) Limited (management company of Standard Chartered Modaraba). investments have been classified and valued in accordance with the requirements of various circulars issued by the State Bank of Pakistan. Standard Chartered Bank (Pakistan) Limited has the following three subsidiaries. STATUS AND NATURE OF BUSINESS Standard Chartered Bank (Pakistan) Limited ("the Bank") was incorporated in Pakistan on 19 July 2006 and was granted approval for commencement of banking business by State Bank of Pakistan. BASIS OF PREPARATION 2. The ultimate holding company of the Bank is Standard Chartered PLC. In case the requirements differ. The requirements of these standards have not been followed in the preparation of these financial statements as the State Bank of Pakistan has deferred the implementation of these standards for banks in Pakistan till further instructions. Consolidated financial statements are presented separately. The purchases and sales arising under these arrangements are not reflected in these financial statements as such but are restricted to the amount of facility actually utilised and the appropriate portion of profit thereon.I. . 'Investment Property' (IAS 40). One permissible form of trade related mode of financing comprises of purchase of goods by the Bank from its customers and immediate resale to them at appropriate profit in price on deferred payment basis.2 Statement of compliance These financial statements have been prepared in accordance with approved accounting standards as applicable in Pakistan. I. with effect from 30 December 2006. the bank has entered into an agreement with Orix Leasing Pakistan Limited for divestment of its stake in these subsidiaries. 2. All of them are incorporated in Pakistan. Karachi. On 1 September 2015. The registered office is at Standard Chartered Bank Building. provisions of and directives issued under the Companies Ordinance. 1984. 2. 1984 and Banking Companies Ordinance. Chundrigar Road.

cash and cash equivalents comprise of cash and balances with treasury banks and balances with other banks. Actual results may differ from these estimates.8 . financial information presented in Pakistan Rupees has been rounded to the nearest thousand. Deferred taxation Derivative instruments Income taxes Employees' retirement defined benefit plans Functional and presentation currency These financial statements are presented in Pakistan Rupees.Note 21. 3.1 Business acquisitions Acquisitions from entities under common control Business combinations arising from transfers of interests in entities that are under the control of the shareholder that controls the Group are accounted for as if the acquisition had occurred at the beginning of the earliest comparative period presented.Note 33 2. In particular.5 Classification and provisioning against investments Classification and provisioning against non-performing advances Valuation and depreciation / amortisation rates for fixed / intangible assets Impairment of non-financial assets including goodwill and other intangibles. Identified assets acquired are fair valued at the acquisition date. The excess of cost of acquisition over the fair value of identifiable net assets acquired is recorded as goodwill. 2.Note 8. information about significant areas of estimation uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements are described in the following: . where applicable. any recoveries or losses to fair value of net assets are taken to profit and loss account and disclosed in note 25 to these financial statements.Note 7 . except that certain available for sale. Subsequently. plus costs directly attributable to the acquisition. Except as indicated. These policies have been applied consistently to all years presented except for the standards mentioned in note 3.27 which became effective during the year: 3. Other acquisitions Other business combinations are accounted for using the acquisition method.Note 9 & 10 . 3.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 2. The assets and liabilities acquired are recognised at the carrying amounts recognised previously in the combining entity's financial statements. The estimates and underlying assumptions are reviewed on an ongoing basis. 38 Standard Chartered Annual Report 2015 . or in the period of the revision and future periods if the revision affects both current and future periods.Note 9 & 10 . whereas certain fixed assets are stated at revalued amounts less accumulated depreciation and accumulated impairment losses. irrespective of the extent of any non-controlling interest.3 Basis of measurement These financial statements have been prepared under the historical cost convention. For this purpose comparatives are restated.4 Use of estimates and judgments The preparation of financial statements in conformity with approved accounting standards requires management to make judgments. income and expenses.2 Cash and cash equivalents For the purposes of cash flow statement.Note 29 .Note 11 . trading and derivative financial instruments have been measured at fair value. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period. equity instruments issued and the liabilities incurred or assumed at the date of exchange. which is the Bank’s functional currency. liabilities. For acquisition prior to 1 January 2009. the cost of acquisition is measured as the fair value of the asset given. where required. estimates and assumptions that effect the application of accounting policies and reported amounts of assets. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies applied in the preparation of these financial statements are set out below.3 .

3. Impairment 3. The surplus / deficit arising as a result of revaluation at market value is recognised in the profit and loss account. 39 Financial statements and notes Impairment loss in respect of equity securities classified as available for sale and subsidiaries is recognised based on management's assessment of objective evidence of impairment as a result of one or more events that may have an impact on the estimated future cash flows of the investments.3 Investments The Bank classifies its investments as follows: a) Held for trading These are securities. When the Bank is the lessor in a lease agreement that transfers substantially all of the risks and rewards incidental to ownership of an asset to the lessee. Provision for diminution in the value of debt securities is made as per the Prudential Regulations issued by the State Bank of Pakistan. For investments in subsidiaries. the date that the bank commits to purchase or sell the asset. the cumulative loss that has been recognised directly in surplus / (deficit) on revaluation of securities on the statement of financial position below equity is removed there from and recognised in the profit and loss account. Specific provisions are made where the repayment of identified loans is in doubt and reflect an estimate of the amount of loss expected. b) Held to maturity These are securities with fixed or determinable payments and fixed maturity that are held with the intention and ability to hold to maturity. A significant or prolonged decline in fair value of an equity investment below its cost is also considered an objective evidence of impairment. Specific and general provisions are made based on an appraisal of the loan portfolio that takes into account Prudential Regulations issued by the State Bank of Pakistan from time to time. In case of impairment of available for sale securities.e.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 3. in accordance with the requirements specified by BSD Circular 10 dated 13 July 2004 issued by the State Bank of Pakistan. are known from experience to be present in any loan portfolio. although not separately identified. Market value of investment in Government securities is determined based on the relevant PKRV and PKISRV rates. . Regular way purchases or sales are purchases or sales of investments that require delivery of assets within the time frame generally established by regulation or convention in the market place. d) Subsidiaries Investments in subsidiaries are carried at cost less impairment in value. These are carried at amortised cost. c) Available for sale These are investments that do not fall under the held for trading or held to maturity categories and are carried at market value. Provision made / reversed during the year is charged to the profit and loss account and accumulated provision is netted off against advances. Securities purchased under agreements to resell ('reverse repos') are recorded as lendings to financial institutions. if any. The general provision is for the inherent risk of losses which.4 Sale and repurchase agreements Securities sold subject to repurchase agreements ('repos') remain on the balance sheet. the arrangement is presented within loans and advances. Advances are writtenoff when there is no realistic prospect of recovery. All 'regular way' purchases and sales of investments are recognised on the trade date i. the counterparty liability is included in borrowings from financial institutions. Market value of investment in Government securities is determined based on the relevant PKRV and PKISRV rates. The surplus / deficit arising as a result of revaluation at market value is kept in a separate account below equity. the impairment loss is recognised in the profit and loss account. which are acquired with the intention to trade by taking advantage of short term market / interest rate movements and are carried at market value. The difference between sale and repurchase price is treated as interest / mark-up / return and accrued over the life of the underlying agreement using the effective interest method. These securities are to be sold within 90 days from the date of their classification as 'Held for trading' under normal circumstances.5 Advances Advances are stated net of provision against non-performing advances.

as appropriate. The residual values and useful lives of fixed assets are reviewed. Cost includes expenditure that is directly attributable to the acquisition of fixed assets. Land is not depreciated. The revaluation is carried out with sufficient regularity to ensure that the carrying amount does not differ materially from that which would have been determined using fair value at the balance sheet date.7 Intangible assets Goodwill Goodwill represents the excess of cost of an acquisition over the fair value of the share of net identifiable assets acquired at the date of acquisition.if any. 1984. All other repairs and maintenance expenditures are charged to profit and loss account during the financial period in which they are incurred. Land and buildings are stated at revalued amounts less accumulated depreciation. Actual sale and purchase is not reflected as the goods are purchased by the customer as agent of the Bank and all documents relating to purchase are in customer's name. house. The profits are shared as per agreed ratios between partners and losses are borne in proportion to their respective capital contributions. Gains and losses on disposal of fixed assets are included in profit and loss account currently. Surplus on revaluation of fixed assets (net of deferred tax) is transferred to unappropriated profit to the extent of incremental depreciation charged on related assets. are stated at cost less accumulated depreciation and accumulated impairment losses thereon. Land and buildings are revalued by independent professionally qualified valuer(s).g.Tangible Owned Operating fixed assets. In Diminishing Musharaka based financing. The net amount is then restated to the revalued amount. Depreciation is charged on the basis similar to owned assets. plant or machinery) with its customers and enters into a periodic rental payment agreement for the utilization of the Bank's Musharaka share by the customer. Under the provisions of the Companies Ordinance. other than land and buildings. Funds disbursed under Murabaha financing arrangements for purchase of goods are recorded as Advance Against Murabaha. Musharakah is a partnership contract where the Bank enters into financing relationship with the customer based on Shirkat-ul-Aqd. at the date of revaluation.6 Operating fixed assets . Leased Fixed assets held under finance lease are stated at the lower of fair value of asset and present value of minimum lease payments at the inception of lease.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Murabaha financings are reflected as receivables at the sale price. Assets under Ijarah are stated at cost less accumulated depreciation and accumulated impairment losses . is eliminated against the gross carrying amount of buildings. except that the related surplus on revaluation of fixed assets (net of deferred tax) is transferred directly to unappropriated profits. These costs are amortised over their expected useful lives using the straight line method. 40 Standard Chartered Annual Report 2015 . Depreciation on all other fixed assets is calculated using the straight line method to allocate their depreciable cost or revalued amount to their residual values over their estimated useful lives. only when it is probable that future economic benefits associated with the item will flow to the Bank and the cost of the item can be measured reliably. the Bank enters into a Musharaka based on Shirkat-ul-milk for financing an agreed share of fixed asset (e. Subsequent costs are included in the asset's carrying amount or are recognised as a separate asset. deficit arising on revaluation of fixed assets is adjusted against the balance in the above-mentioned surplus account. land. Financial charges are allocated over the period of lease term so as to provide a constant periodic rate of financial charge on the outstanding liability. less accumulated depreciation. 3. Accumulated depreciation on owned buildings. Assets under Ijarah are depreciated over the term of the lease. Goodwill is tested annually for impairment and carried at cost less accumulated impairment. Surplus arising on revaluation is credited to the 'surplus on revaluation of fixed assets' account (net of deferred tax). and adjusted (if appropriate) at each balance sheet date. Computer software Acquired computer software licenses are capitalised on the basis of costs incurred to acquire and bring to use the specific software. 3.

. Income tax expense is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or in other comprehensive income. The present value of defined benefit obligation is calculated annually by independent actuaries by discounting the estimated future cash flows using an interest rate equal to the yield on high-quality corporate bonds. In assessing value in use. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to Pakistan Rupees at the exchange rate prevailing at that reporting date. and a management pension scheme only for its existing pensioners. An impairment loss is recognised if the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. (ii) the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit. 3. The deficit or surplus is: (a) the present value of the defined benefit obligation less (b) the fair value of plan assets (if any).11 Taxation Income tax expense comprises of current and deferred tax. For defined benefit plans. 41 Financial statements and notes The Bank also operates a defined contribution gratuity scheme for all its management staff. the estimated pre-tax future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.9 Staff retirement benefits Defined benefit plan The Bank operates approved funded pension and gratuity schemes for all its non-management employees. and a provident fund scheme for all its permanent staff.33 percent and 10 percent of basic salary respectively. If any such indication exists then the asset’s recoverable amount is estimated. and any adjustment to tax payable in respect of previous years. the net defined benefit liability /asset recognised in the balance sheet is the deficit or surplus.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Acquired intangibles in business combination Acquired intangibles in business combination that have finite lives are amortised over their economic useful life based on the manner that benefits of the relevant assets are consumed. providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. In respect of other assets.10 Foreign currency transactions Transactions in foreign currencies are translated to Pakistan Rupees at exchange rates prevailing at the date of transaction. Actuarial gains or losses that arise are recognised in other comprehensive income in the period they arise. are reviewed at each reporting date to determine whether there is any indication of impairment. impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. and (iii) differences relating to investments in subsidiaries to the extent that they probably will not reverse in the foreseeable future. contributing at 8. Deferred tax is not recognised on temporary differences relating to: (i) the initial recognition of goodwill.8 Impairment of non-financial assets The carrying amounts of the Bank’s non-financial assets. Current tax Current tax is the expected tax payable on the taxable income for the year (using tax rates enacted or substantively enacted at the balance sheet date). Defined contribution plan 3. Foreign currency differences arising on retranslation are recognised in profit or loss. Deferred tax Deferred tax is provided for using the balance sheet method. 3. An impairment loss in respect of goodwill is not reversed. other than deferred tax assets. 3. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. Service cost and Net interest on net defined benefit liability / (asset) are also recognised in profit and loss account. The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell.

(ii) it is more likely than not that an outflow of resources will be required to settle the obligation. The Bank’s primary format for segment reporting is based on business segments. advances and investments is also recognised in accordance with the requirements of these Prudential Regulations.13 Derivative financial instruments Derivative financial instruments are initially recognised at fair value and are subsequently remeasured at fair value. where appropriate. 3. trusts.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Deferred tax is measured at tax rates that are expected to be applied to the temporary differences when they reverse. A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. as they are not assets of the Bank. are recognised over the life of the underlying transaction on a level yield basis. which is subject to risks and rewards that are different from those of other segments. Fees and commission income are generally recognised on an accrual basis when the service has been provided. 3. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised. Mark-up on rescheduled / restructured loans. These assets and its related income arising thereon are excluded from these financial statements. Mark-up recoverable on classified loans. advances and investments is recognised on a receipt basis in accordance with the requirements of Prudential Regulations issued by the State Bank of Pakistan. 42 Standard Chartered Annual Report 2015 . Any change in the fair value of derivative financial instruments is taken to profit and loss account. A brief description of the products and services offered by different segments of the Bank is given in note 37 to these financial statements. Profit on the sales revenue not due for payment is deferred by recording a credit to 'Deferred Murabaha Income' account. 3. Ijarah rentals are recognised as income over the term of the contract net of depreciation expense relating to the Ijarah assets. Actual sale and purchase are not reflected as the goods are purchased by the customer as agent of the Bank. The effective interest rate is the rate that exactly discounts the estimated future cash payments and receipts through the expected life of the financial asset or liability (or. using the Effective Yield Method. those premiums / discounts are amortized through profit and loss account over the remaining maturity.12 Revenue recognition Mark-up / return on advances and investments is recognised on an accrual basis using the effective interest rate method. and (iii) the amount has been reliably estimated.15 Fiduciary activities The Bank commonly acts in fiduciary capacities that result in the holding or placing of assets on behalf of individuals. Where debt securities are purchased at a premium or discount. a shorter period) to the carrying amount of the financial asset or liability. based on the laws that have been enacted or substantively enacted by the reporting date. 3.16 Segment reporting A segment is a distinguishable component of the Bank that is engaged either in providing products or services (business segment).14 Provisions Provisions for restructuring costs and legal claims are recognised when: (i) the Bank has a present legal or constructive obligation as a result of past events. 3. Dividend income is recognised when the right to receive income is established. retirement benefit plans and other institutions for which it earns a fee. The cost from award credits for loyalty points earned on use of various products of the Bank is measured by reference to their fair value and is recognised when award credits are redeemed. Fees and commission which in substance amount to an additional interest charge. Murabaha transactions are reflected as receivable at sale price. All derivative financial instruments are carried as assets when fair value is positive and liabilities when fair value is negative. or in providing products or services within a particular economic environment (geographical segment).

22 Basic and diluted earnings per share 3.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 3. 3.21 Acceptances Acceptances comprise undertakings by the Bank to pay bills of exchange drawn on customers. Charge to profit and loss account is stated net of expected recoveries. and subsequently measured at their amortised cost using the effective interest method.23 Dividend and appropriation to reserves Dividend and appropriation to reserves. investments. The liability for these transactions which is based on the fair value of these options at the settlement date is settled through debiting equity. certain receivables.26 Provision for guarantee claims and other off balance sheet obligations Provision for guarantee claims and other off balance sheet obligations are recognised when intimated and reasonable certainty exists for the Bank to settle the obligation. lendings to financial and other institutions. The cost for such share based payment transactions is determined by reference to the fair value of options at the grant date. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Bank by the weighted average number of ordinary shares outstanding during the period / year. The particular recognition methods adopted for significant financial assets and financial liabilities are disclosed in the individual policy statements associated with them. 43 Financial statements and notes The Bank presents basic and diluted earnings per share (EPS) for its shareholders. borrowings from financial institutions. are recognised as liability in the Bank's financial statements in the year in which these are approved. 3. Acceptances are accounted for as offbalance sheet transactions. advances. Thereafter.25 Borrowings / deposits and their cost - Borrowings / deposits are recorded at the time when the proceeds are received. Immediately before being classified as held for sale. . Financial assets and liabilities Financial instruments carried on the balance sheet include cash and balances with treasury banks. deposit accounts and other payables. if any.17 Offsetting Financial assets and liabilities are set off and the net amount presented in the balance sheet when. The cost is charged to profit and loss account and credited to equity as a contribution from parent. the Bank has a legal right to set off the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. There were no convertible dilutive potential ordinary shares in issue at 31 December 2015. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding for the effects of all dilutive potential ordinary shares. the assets and disposal group are measured at the lower of their carrying values and fair values less cost to sell. the assets and components of disposal group are remeasured in accordance with the Bank's accounting policies. 3. 3. except appropriation which are required by law after the balance sheet date.19 Non-current assets and disposal groups held for sale Non-current assets and disposal groups comprising of assets and liabilities that are expected to be recovered primarily through sale rather than continuing use are classified as held for sale. The Bank expects most acceptances to be simultaneously settled with the reimbursement from the customers. 3. 3.20 Share-based compensation The Group operates various share-based compensation plans which are accounted for as equity settled share based payment transactions. The fair value is determined based on the market price or using an appropriate valuation technique.18 Subordinated liabilities Subordinated liabilities are initially measured at fair value plus transaction costs. - Borrowing / deposit costs are recognised as an expense in the period in which these are incurred using effective mark-up / interest rate method. bills payable.24 3. balances with other banks. 3. regardless of inter group repayment arrangements. and only when.

3.’ IFRS 11 ‘Joint Arrangements’. IFRS 12 ‘Disclosure of Interests in Other Entities’. . The new cycle of improvements contain amendments to the following standards: 44 Standard Chartered Annual Report 2015 . protective rights and the determination of whether a decision maker is acting as principal or agent. and (c) how an entity that is not an investment entity should apply the equity method of accounting for its investment in an associate or joint venture that is an investment entity. and has a remote likelihood of being sold as agricultural produce. IFRS 11 replaces IAS 31 Interests in Joint Ventures. However. The standard also requires disclosures on the nature and risks associated with interests in unconsolidated structured entities. particularly the inclusion of non-financial instruments into the fair value hierarchy. amendments and interpretations of approved accounting standards will be effective for accounting periods beginning on or after 1 January 2016: .27 New. IFRS 13 Fair Value Measurement. as per the adoption status of IFRS in Pakistan. is expected to bear produce for more than one period. plant and equipment during construction. Amended And Revised Standards And Interpretations of IFRSs IFRS 10 ‘Consolidated Financial Statements.Agriculture: Bearer Plants [Amendment to IAS 16 and IAS 41] (effective for annual periods beginning on or after 1 January 2016).Annual Improvements 2012-2014 cycles (amendments are effective for annual periods beginning on or after 1 January 2016). They require an investor to apply the principles of business combination accounting when it acquires an interest in a joint operation that constitutes a business. bearer plants are accounted for in the same way as self-constructed items of property. IFRS 10 also includes specific guidance on de facto control.Accounting for Acquisitions of Interests in Joint Operations – Amendments to IFRS 11 ‘Joint Arrangements’ (effective for annual periods beginning on or after 1 January 2016) clarify the accounting for the acquisition of an interest in a joint operation where the activities of the operation constitute a business. consolidates the guidance on how to measure fair value.Amendment to IAS 27 ‘Separate Financial Statement’ (effective for annual periods beginning on or after 1 January 2016) allows entities to use the equity method to account for investments in subsidiaries. . These standards became applicable from January 1.The application of IFRS 11 did not result in identification of any associate as a joint venture. It also removes the IAS 31 concept of jointly controlled assets. The rebuttable presumption that the use of revenue-based amortization methods for intangible assets is inappropriate can be overcome only when revenue and the consumption of the economic benefits of the intangible asset are ‘highly correlated’. Plant and Equipment (effective for annual periods beginning on or after 1 January 2016) introduce severe restrictions on the use of revenue-based amortization for intangible assets and explicitly state that revenue-based methods of depreciation cannot be used for property. joint ventures and associates in their separate financial statements. Bearer plants are now in the scope of IAS 16 Property. plant and equipment. as well as extensive disclosure requirements. all of which influence the assessment The application of IFRS 10 did not result in any investee being in control of the Bank.Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10 – Consolidated Financial Statements and IAS 28 – Investments in Associates and Joint Ventures) [effective for annual periods beginning on or after 1 January 2016) clarifies (a) which subsidiaries of an investment entity are consolidated. Plant and Equipment for measurement and disclosure purposes. into one comprehensive standard. IFRS 10 replaces the current guidance on consolidation in IAS 27 Consolidated and Separate Financial Statements. The application of IFRS 13 doesnot have any impact on the Bank's financial statements except for disclosures in note 36. a company can elect to measure bearer plants at cost. It introduces a single model of assessing control whereby an investor controls an investee when it has the power.28 New standards and interpretations not yet adopted The following standards. A bearer plant is a plant that: is used in the supply of agricultural produce. It requires all joint ventures to be equity accounted thereby removing the option in IAS 31 for proportionate consolidation.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 3. exposure to variable returns use its power to influence the returns of the investee. Therefore. Before maturity. the produce growing on bearer plants will continue to be measured at fair value less costs to sell under IAS 41 Agriculture. It introduces the use of an exit price. or when the intangible asset is expressed as a measure of revenue. . 2015.Amendments to IAS 38 Intangible Assets and IAS 16 Property. . IFRS 12 prescribes additional disclosures around significant judgements and assumptions made in determining whether an entity controls another entity and has joint control or significant influence over another entity. (b) exemption to present consolidated financial statements is available to a parent entity that is a subsidiary of an investment entity. . which was spread across various IFRS. IFRS 13 'Fair Value Measurements'.

Financial statements and notes 45 . IAS 19 is amended to clarify that high quality corporate bonds or government bonds used in determining the discount rate should be issued in the same currency in which the benefits are to be paid.e. then it ceases held for distribution accounting in the same way as it would cease held for sale accounting. Certain amendments / improvements may impact the financial statements of the Bank and the management is in the process of assessing the full impact of the change.Disclosures’. if they are not included in the notes to interim financial statements and disclosed elsewhere should be cross referred. . then such change in classification is considered as continuation of the original plan of disposal and if an entity determines that an asset (or disposal group) no longer meets the criteria to be classified as held for distribution. IFRS 5 is amended to clarify that if an entity changes the method of disposal of an asset (or disposal group) i. reclassifies an asset from held for distribution to owners to held for sale or vice versa without any time lag.IAS 34 ‘Interim Financial Reporting’. IFRS 7 is also amended to clarify that additional disclosures required by ‘Disclosures: Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS7)’ are not specifically required for inclusion in condensed interim financial statements for all interim periods. .IFRS 7 ‘Financial Instruments.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 .IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. IFRS 7 is amended to clarify when servicing arrangements on continuing involvement in transferred financial assets in cases when they are derecognized in their entirety are in the scope of its disclosure requirements.IAS 19 ‘Employee Benefits’. . IAS 34 is amended to clarify that certain disclosures.

Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 4 CASH AND BALANCES WITH TREASURY BANKS In hand .302 8. and are due to mature during Janaury 2016. 5 BALANCES WITH OTHER BANKS 2014 3.168.566 2.6 6.000.Foreign currencies Note 4.6 percent per annum) payable at maturity.345 2015 2014 -----------.1 4.1 This includes National Prize Bonds of Rs.586.593.476.253.(Rupees in ’000) ------------ 5.374.620 26.301 387.814. 6.000 6. 1.051.In current accounts 2015 -----------.518.300.212 3. 6.3 6.300.Local currency current account 4.337.1 6.000 8.559 10.969.813.566 2.Foreign currency deposit account Cash reserve account Special cash reserve account Local US Dollar collection account With National Bank of Pakistan in: .450.301 5.475.132.4 This represents placements with other branches and subsidiaries of Standard Chartered Group outside Pakistan at mark-up rates ranging from 0.In current accounts Outside Pakistan .496 3.35 percent per annum). 6.468.5 Particulars of lending In local currency In foreign currencies 46 Standard Chartered Annual Report 2015 Note 2015 2014 -----------.892 million (2014: Rs.(Rupees in ’000) -----------6.25 percent to 6.3 This represents lending to State Bank of Pakistan under Bai-Muajjal agreement at a return of 5.1 These carry mark-up rates ranging from 6.613 2.93 percent per annum (2014: Nil) and due to mature in November 2016.Local currency .521.313. These arrangements are governed under Master Repurchase Agreements.35 percent per annum (2014: 9.Local currency current account-Islamic Banking .2 These carry mark-up at rate 6.000 8.500.18 percent to 0.282 million). and are due to mature during January 2016.450.946 16.274.420 million) held with other branches and subsidiaries of Standard Chartered Group outside Pakistan.1 This includes balances of Rs.031 2.482.313.620 26.724 1.964 2.351. 6 LENDINGS TO FINANCIAL INSTITUTIONS Call money lendings Repurchase agreement lendings (Reverse Repo) Bai-Muajjal of Ijarah Sukuk Placements Note 2015 2014 -----------.291 1.4 2.002 387.283 861.038 21.4. 6.Local currency current account .(Rupees in ’000) -----------10.000.833 3.265 104.134 1.559 6.484 29.35 percent per annum (2014: 0.946 16.002 4.518.135.813.1 With State Bank of Pakistan in: .2&6.786 8.45 percent per annum payable at maturity. and are due to mature during Janaury 2016.000 2.06 percent to 0.500.(Rupees in ’000) ------------ In Pakistan .908 8.969. 2.559 .249 42.055 million (2014: Rs.559 10.

097 1.005.500.000 220.072 188.298 686.042 54.203 963 4.792 million (2014: Rs.680 662.679 (808.875 1.109 5.505 (803.145.679 Ordinary shares of listed companies 7.025 3.811 185.321 2.953 1.654 112.004 5.unlisted 7.000 2.295.273 224.061 143.498.000.8 3.011.212.10 4.769 18.370 47 Financial statements and notes 7.000.405 686.240.726 18.356 224.532 2.315.559 million).004 11.000 6.875 1.11 Total --------------------------------------------.019.425.1 Investments by type Held by bank Note Held by bank Given as collateral Total 686.273 225.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 6.061 285.042 Surplus / (Deficit) on revaluation of available for sale securities .000 2.6 67.3 (808.6 Securities held as collateral against lendings to financial institutions 2015 2014 Held by bank Further Total Held by Further Total given as bank given as collateral collateral ------------------------------------------------.212.221) 219.115 52.6.6 & 7.632.460 430 1. 2015 7 INVESTMENTS 7.313.460 54.363.677.000 2.018.990 Available for sale securities Market Treasury Bills 7.192.276 Provision for diminution in the value of investments 7.932.376 662.273 187.072 189.679 69.205.416.240.388.025 Ordinary shares of unlisted companies 7.132 3.030.494.734 (803.500.106.316 - - - 6.513 Pakistan Investment Bonds 1.7 662.500.811 185.net 7.318. 2.(Rupees in ’000) ------------------------------------------------Pakistan Investment Bonds 2.004 11.678.(Rupees in ’000) --------------------------------------------- Held for trading securities Market Treasury Bills 246.926 223.669 1.000 - 2.211.1 The market value of securities held as collateral against lendings to financial institutions amounted to Rs.870.335 Pakistan Investment Bonds 7.074.296 - 246.715.000 - 2.407.992.025 1.net 5.955 50.023 Subsidiaries .498.420.808 1.715.000 2.313.632 662.261 3.492) 182.6 143.061 Term Finance Certificates -unlisted 7.997 2.500.Held for sale Total Investments .055 Surplus on revaluation of held for trading securities .870.025 3.397.221) Investments (net of provisions) 218.211.931.669 Sukuk and Ijarah Bonds 1.9 5.696 112.742.273 2.000.532 183.808.000.952.060 186.608.000 2.000 Investments at cost 219.9 285.109 686.561.990 6.061 285.447.315.203 963 1.513 1.004 Sukuk and Ijarah Bonds .025 3. 2.061 285.425.net Given as collateral 2014 .492) 2.691.

990 59. 18.370 803.644 113.T.301 4.492) 185.391.097 686.net Surplus on revaluation of available for sale securities . 7.221 860.151 74.678.321 188.Unlisted Term Finance Certificates Sukuk and Ijarah Bonds Total investment at cost Less: Provision for diminution in the value of investments Investment (net of provisions) Surplus on revaluation of held for trading securities .579 10.5 Market Treasury Bills and Pakistan Investment Bonds are eligible for discounting with the State Bank of Pakistan. discounting facility to the Bank.416.696 million) pledged with the State Bank of Pakistan as security to facilitate T.273 189.157 74.196 285.(Rupees in ’000) ------------ 7.425.221 518.808 (808.273 225.492 4.001.574 144.608.734 (803.318.042 5.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 7.492 523.1 The details of provision held against investments are as follows: Ordinary shares / units .4 Investments include securities having book value of Rs.492 Particulars of provision for diminution in the value of investments Opening balance Charge for the year Reversals Net charge Provision against investment in subsidiaries classified as held for sale Closing Balance 7.241.475.3 20.632.9 7.495 662.11 69.2 Investments by segment Note Federal Government Securities Market Treasury Bills Pakistan Investment Bonds GoP Ijarah Sukuk Bonds Fully paid up ordinary shares Listed companies Unlisted companies Bonds and Term Finance Certificates .955 185.729 808.816) 803.729 4.3.648.221) 219.061 3.356 224. including an amount earmarked against the facilities allocated to branches now in Bangladesh.019.460 3. 18.004 662. 48 Standard Chartered Annual Report 2015 .3.316 4.467 285.405 686.025 803.953 million (2014: Rs.132 54.932.808.745.025 1.7 & 7.8 7.net 7.396.061 3.004 285.available for sale Term Finance Certificates -unlisted 7.005.025 808.000 285.net Investment in subsidiaries .1 7.3 2015 2014 -----------.151 (130.2 7.000 220.Held for sale Total Investments .025 1.992.

061 662.168.419.--------------.840 179.061 (520.025 285.728 Wapda Sukuk Bonds 7.061 662.463) 146.025) - Sukuk and Ijarah Bonds 2015 Note Rating Cost Market value 2014 Rating Cost Market value --------------.552. 7.728 Pakistan International Airlines (PIA) Sukuk Bonds 7.2 Unrated 1.023 Agritech Limited D Provision for diminution in the value .000 221.539.742.082 115.099 148.(Rupees in ’000) --------------- Federal Government Securities Market Treasury Bills Pakistan Investment Bonds GoP Ijarah Sukuk Bonds Total 2015 Note 69. The principal and profit is payable semi-annually with maturity in July 2017.000.000 1. 49 Financial statements and notes 2015 2014 (Rupees in ’000) Bonds and Term Finance Certificates . 5.030.325.330.532 175.1 Surplus on revaluation Total 662.(Rupees in ’000) --------------.1 Wapda Sukuk Bonds carry mark-up rates 0.025) - (285.000 138.000 1.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Quality of 'Available for Sale' securities 7.9.016.000 1.listed 2015 2014 (Number of shares) 18.918.763.--------------.422.(Rupees in ’000) --------------.061 143.1 147.348 10.6 7.1 3.023 Cost Rating Market value 2014 Rating Cost Market value --------------.192) 34.474.000 1.(Rupees in ’000) --------------- 18.004) - - 7.769 112.769 2015 Pakistan Export Finance Guarantee Agency Limited Chairman : Mr Muneer Kamal Rating Unrated 2014 2015 2014 (Rupees in ’000) Unrated Provision for diminution in the value 7.061 662.004) (3.475.004 (3.920 Unrated Unrated Unrated Market value Rating 52.9 Term Finance Certificates of Rs.3.864 D 662.325.995 176.025 (285.7 7.9.3 Unrated Unrated Unrated 69.000 1. 10 each except otherwise mentioned.9.8 Particulars of shares held .061 (515.note 7.395.3.061 662.1 Unrated 100.677 52.376 10.270 2014 Cost Market value --------------.004 3.unlisted 2015 2014 (Number of shares) 573.145.000 97.407.000 1.325.101.3.598 All shares are ordinary shares of Rs.134 Unrated 1.193.425.061 662.061 662.9.(Rupees in ’000) --------------7.134 Unrated 150.916.unlisted .025 285.061 662.632 4.000 216.004 3.693 Rating Cost 2015 Particulars of shares held .061 662.916.000 each Agritech Limited Azgard Nine Limited Provision for diminution in the value 7.(Rupees in ’000) --------------.821 4.004 3.325.000 138.29% above 6 months KIBOR.025 147.769 573.000 149.--------------.

450.784.611.276 84.1 Last year.net of provision 8.273 (130.(Rupees in ’000) -----------Loans.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 7.740 128. The transaction is subject to final approval by regulator and shareholders.75% above 6 months KIBOR.353 Standard Chartered Modaraba .263.45% owned Provision for diminution in the value of Investment 7.312 million respectively).(Rupees in ’000) -----148 3.979.000 42.443 million and Rs 795. These subsidiaries continue to be accounted for in accordance with the requirements of IFRS 5 and are classified as Held for Sale till the completion of the transaction.089.059 - .590.000 84.2 PIA Sukuk bonds carry mark-up rates 1. namely. The principal and profit is payable semi-annually with maturity in October 2019.450. 8 ADVANCES Note 2015 2014 -----------.000 4.213 150.516. the bank decided to divest its entire shareholding in its subsidiaries namely Standard Chartered Leasing Limited.353 4.042 41.Outside Pakistan Bills discounted and purchased (excluding treasury bills) .040.22% below weighted average yield of 6 months treasury bills.11.996 (21.897 1.100% owned 44.000) 128.500 44. Standard Chartered Modaraba and Standard Chartered Services of Pakistan (Private) Limited (management company of Standard Chartered Modaraba).974 128.846 - - 12.816) 686.686.538.963 million and Rs 711.10 Unrealized gain / (loss) on revaluation of investments classified as held for trading Note 2015 2015 Market Treasury Bills Pakistan Investment Bonds GoP Ijarah Sukuk Bonds 7. cash credits.589 (130. running finances.1 Provision for non-performing advances Advances .237 13.2 7.843 14.589 730. etc.460 Investment in Subsidiaries .816) 686.846 128.In Pakistan .Held for Sale 2015 2014 (Number of shares) 4.11.Payable outside Pakistan 50 Advances .718) 106.11.Listed 20% owned 42. the bank has entered into an agreement with Orix Leasing Pakistan Limited for divestment of its stake in these subsidiaries.In Pakistan .817 7.2 The market value of investments in listed subsidiaries.714 14.11 2014 ------.000 Standard Chartered Services of Pakistan (Private) Limited . On 1 September 2015.776. The profit is payable semi-annually with principal redemption at maturity falling due on March 2016.579.9.3 Standard Chartered Annual Report 2015 113.263.Listed 86.301.396 21.273 Standard Chartered Leasing Limited .538. 7.183 40 54.974 113. 7. 7.045 million respectively (2014: Rs 110.579.gross 8. .9.276 730.979.3 GoP Ijarah Sukuk Bonds carry mark-up rates of 0.450. Standard Chartered Modaraba and Standard Chartered Leasing Limited at 31 December 2015 amounted to Rs 123.321.709.Payable in Pakistan .059 (21.886 8 4.Outside Pakistan Net investment in Finance Lease .500 4.

450.140 560.518.546 297.910.960.390.709 21.535 539.676 710.095 20.891 24.009 (31.714 128.450.416 555.000 8.812 General Provision 24.676 710.778.343 20.018.363.000 539.436.343 20.516.067 3.465 21.5.095.771) 414.416 - 24.526.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 8.642) (895.252. residential and industrial properties (land and building only) held as collateral.042.910.416 - 39.620 150.095 20.976 150.343 20.465 21.270) 21.866 6. 8. 8.387 (1.294.546 297.450.095.357.866 1.866 1.755.795 (1.2 Advances include Rs 24.300.000 21.(Rupees in ’000) -----------------------------------------------------44.774 836. the provision requirement has been reduced by Rs.075 23.(Rupees in ’000) -----------8.095 20.739.910.400.782 19.782 19.906 21.450.465 (895.1 Particulars of advances .762 18.733 212.954.053 million (2014: Rs.516. Refer note 41.718 - 555.1 In local currency In foreign currencies 121.906 21.733 539.346.535 539.954.602 Charge for the year Reversals 2.709 21.2.526.175 857.910.018.812 - 139.3 This includes assets under Ijarah arrangements amounting to Rs.238.439 21.812 555.681) (57.718 - 555.1.294.416 million (31 December 2014: Rs 23.526.811.997) 2.059 8.535 General Provision 23.681) (57.535 212.067 3.1.357.408.068.546 297.238.1 At 31 December 2015.048.095 20.894 20.343 20.603 19.1 21.000 - 539.866 1.(Rupees in ’000) ---------------------------------------------Opening balance 20.603 19.450.960.095.333 (2.075 23.713 million due to the said FSV benefit is not available for distribution of cash and stock dividend / bonus to employees.960.083 46.095.792 209.440.226.516.774 836.400.018.127) (127.416 139.767) (20.812 - 139.056.301.733 - 23.465 21.718 20. in accordance with the State Bank of Pakistan Prudential Regulations (PR) and SBP Circular 10 dated 21 October 2011.894 20.894 20.906 21.535 - 212.059 8.952 128.3 Particulars of provision against non-performing advances 2015 Note Specific General 2014 Total Specific General Total --------------------------------------------.568) 16.018.301.465 21.5.983.040.346) 1.175 857.770 (230.733 million) which have been placed under non-performing status as detailed below: 2015 Classified Advances Domestic Category of classification Overseas Provision Required Total Domestic Overseas Provision Held Total Domestic Overseas Total ----------------------------------------------------.400.(Rupees in ’000) ------------------------------------------------------ OAEM Substandard Doubtful Loss 39.gross 2015 2014 -----------.313.000 51 Financial statements and notes OAEM Substandard Doubtful Loss .400.078.910.127) (127.803.910.535 - 212. 505.733 - 44. 476.891 24.270) 20.1.910.848 128.516.378 (1.778) 1.095.718 2014 Classified Advances Domestic Category of classification Provision Required Overseas Total Domestic Overseas Provision Held Total Domestic Overseas Total ----------------------------------------------------.041 2.906 21.600 48.313.895 million).603 19.546 297. Increase in accumulated profits amounting to Rs.906 Amounts written off Other movements Closing balance 8.000 - 539.642) - (1. 856.812 139.960.538) 393.040.465 21.2 Short term (for upto one year) Long term (for over one year) 110.603 19.441 2.020 million (31 December 2014: Rs.462 22.294.870 million) being benefit of Forced Sale Value (FSV) of commercial.714 103.294.866 1.718 555.450.894 20.018.526.563 (1.516. 1.960.

500.127 215.471 1.738 480.546 895.546 629.681.913 393.979) 776.1 .5.908 8.195.110.263 21.344 1.349.216 (1.952 6.779) 647.4 Particulars of provision against non-performing advances Note In local currency In foreign currencies 8.450.5.282. 500.8 Particulars of loans and advances to directors.(Rupees in ’000) ------------ Details of loans written-off of Rs. etc.553 OPERATING FIXED ASSETS Capital work-in-progress Property and equipment 52 Standard Chartered Annual Report 2015 9.865 1.650 (8.279.568.000 and above Write-offs of below Rs. 8.(Rupees in ’000) -----------(i) Debts due by directors. 1962.735) 321.293 777.728 1. associated companies.963. 8.952 5.2 Write-offs of Rs. managed modarabas and other related parties Balance at beginning of the year Loans granted during the year Repayments Balance at end of the year 776.471 Particulars of write offs 8.946 21. 500.813 442.963.516.110.1 Against provisions Charged and written off during the year 8.731.579 2.000 8.507 (240. Note 2015 2014 -----------.238.969 (3.966 1.420.000 and above In terms of sub-section (3) of section 33A of the Banking Companies Ordinance.929 (905.718 20.054 718.347 29. the statement in respect of written-off loans or any other financial relief of five hundred thousand rupees or above allowed to a person(s) during the year ended 31 December 2015 is given in Annexure 1.936) 888. as the Bank continues to have the legal right of recovery.5.602) 693.6 2015 -----------.633 1.814.455 702.733 1.681 181.7 This includes loans charged off as per Bank's policy. executives or officers of the bank or any of them either severally or jointly with any other persons Balance at beginning of the year Loans granted during the year Repayments Balance at end of the year 9 888.5 2014 20. partners or in the case of private companies as members Balance at beginning of the year Loans granted during the year Repayments Balance at end of the year 693.2 8.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 8. controlled firms.507 (ii) Debts due by companies or firms in which the directors of the bank are interested as directors.026.293 (iii) Debts due by subsidiary companies.553 6. Recovery efforts on the amount charged off are ongoing.136.282.162) 121.579 5.000 1.613.420.443 (306.

757 516.413 3.027) (47.902 81.525 103.799 642 605.150 2.358) (3.253.909 414. location or condition of the specific land and building.391 (889.133) (8.022) (772) - 693.339 93. Iqbal A.304) 604.494) (147.768 (203.030 17.393 1.155) (139. The date of revaluation was 31 December 2014.237) 573 238.(Rupees in ’000) --------Cost Accumulated depreciation Carrying amount 2.257 77.758.026) (47.374 3.833) (47.358.693.370) (57.717) 1.133) 2.263 - - 88.022) (2.778.740) 2.401 604.657 (112.237) - 299.494) (145.393 9.883) 9. 53 Financial statements and notes Accumulated Depreciation At 1 January 2014 Charge for the year Revaluation adjusment * Transfers / write offs Deletions At 31 December 2014 571.799 1.108 280.265) 1.155) (139.814 (234. the carrying amounts would have been as follows: 2015 2014 -------.282.134 9.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 9.501 (231.253 77.606.572 (8.401 604.503) 93.344 588.(Rupees in ’000) -----------------------------------------------------Cost / Valuations At 1 January 2015 Additions during the year Transfers / write offs Deletions At 31 December 2015 Accumulated Depreciation At 1 January 2015 Charge for the year Transfers / write offs Deletions At 31 December 2015 Net book value Rate of depreciation 588.812) 9.33.28% .133) 3.481.293 232.108 (43.521 93.110 (478.441 1.532 764.108 238.288. fixtures and office equipment Vehicles Total -----------------------------------------------------.358 238.358) (4.133) 3.997) (90.553 6.758.408 69.358 198.010 68.227. If the owned land and buildings were measured using the cost model.2 The Bank's owned land and buildings were revalued by independent accredited professional valuers.1 to the financial statements.873 23.807) 838.374.374 .428 215.33% 33.374 3.892 11.959) (1.215 (366.811) 764.001 (57.374.338.33% 2014 Freehold land Leasehold land Buildings on freehold land Buildings on leasehold land Leased hold improvements Furniture.67%-10% 14.750) 3.741 95.67% 6.293.532 88.33% - - * The revaluation adjusment relates to the accumulated depriciation as at revaluation date that was eliminited against the gross carrying amount of the revalued buildings.091.429 (366.523 97.207.754 2.778.665 16.230 11.888 (478.065 (979.1 Property and equipment 2015 Freehold land Leasehold land Buildings on freehold land Buildings on leasehold land Leased hold improvements Furniture.339) 2.374 588.799 504.67% 6.680 3.721 5. 9.437 1.278 (2.732.819 478. Nanjee & Co.970) 1.211) 81.33% 33.189 (2.665 2.822.525 2.712 75.523 184.392.293 62.455 (31.710 475.67% 6.710 588.245 588.822.644 88.959) (1.840 209.580) 1.091. The valuation performed by the valuers was based on active market prices.644 39.674 The movement in surplus on revaluation of fixed assets is given in note 20.67%-10% 14.822.28% .(Rupees in ’000) -----------------------------------------------------Cost / Valuations At 1 January 2014 Surplus/ (Deficit) on revaluation Revaluation adjusment Additions during the year Transfers / write offs Deletions At 31 December 2014 Net book value Rate of depreciation 3.268.67% 6.737 23.401 238.149.197 - - 39.370) 285.33.578 (44.245.441 (2.133) 6.245.401 897.855 (2.976 (203.252.501 6.263 203.244 279. (Private) Limited and Colliers International.140 513.371.892 3.485 2. fixtures and office equipment Vehicles Total -----------------------------------------------------.952 - - 6.963. adjusted for any difference in the nature.543 (44.500 (112.828 380.396 465.036 (28.374 3.268.133) 2.

33 20.215 million (2014: Rs.000.750 45.502.870 M/S Power Tech Engineering & Services M/S National Traders M/S National Traders M/S National Traders M/S National Traders M/S Pakistan International SF General Trading M/S National Traders M/S National Traders M/S Pakistan International SF General Trading M/S National Traders M/S National Traders M/S Pakistan International SF General Trading M/S Pakistan International Trading M/S Pakistan International SF General Trading 3.3 As at 31 December 2015.210 1.619 2.632 8.703 1.4 Depreciation rates for furniture.900 788 560 491 395 2.149 1.150 2.750 33.782) Tender Mr.752 3. which ever is less.33 14.000: Furniture. the cost of fully depreciated fixed assets still in use amounted to Rs.117 - 411 411 Tender 1.28 percent percent percent percent percent Details of disposal of fixed assets whose original cost or book value exceeds Rs.131 million). 9.2.452 3.5 33.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 9.750 - 43.900 788 560 491 395 Tender Tender Tender Tender Tender 2.534 43. Aslama Qureshi 8.135 1.773 7.773 - 2. are given below: Particulars Cost/ Accumulated Revalued depreciation amount Book value Sale Proceeds Gain / (loss) on Sale Mode of disposal Particulars of purchaser --------------------.490 3.460 Items having book value of less than Rs.33 33. 1.883 Standard Chartered Annual Report 2015 .2. M.590 3.599 47.452 3.354.632 - 3.000 and cost of less than Rs. fixtures and office equipment are as follows: Furniture and fixtures Printers Other office equipment Computer equipment ATM machines 9.566 1. 1 million or Rs 250. fixtures and office equipment 43. fixtures and office equipment Total 54 3.150 2.750 1.752 Tender 7.000.008 1.149 - 174 533 318 174 533 318 Tender Tender Tender 1.284 43.135 1.620 1.133 43.968 (9. 250.703 1.782 2.619 2.(Rupees in ’000) --------------------Leasehold Land Furniture.958 4. and assets disposed of to the Chief Executive or to a director or to executives or to a shareholder holding not less than 10% of the voting shares of the bank or to any related party.00 33.008 - 204 204 Tender 87.599 90.490 3.117 1.590 47.958 4.566 1.782 - 114 212 800 114 212 800 Tender Tender Tender 1. irrespective of value.

1 .236 48.(Rupees in ’000) -----------------------------------------------------26.310 - 5.665 338.310 26.071 324.350 338.095.310 1.413 774.680 774.(Rupees in ’000) -----------------------------------------------------26.580.039 46.609 25.069 64.310 26.433 26.350 million (2014:Rs.982.599 338.2 The recoverable amount for the purpose of assessing impairment on goodwill on acquisition of Union Bank Limited was based on value in use.413 751.413 1.350 29.982.350 29.153 - 1.153 29.153 - 1.413 1.580.394 3.407.114 20% As at 31 December 2015.934 363.680 774.350 3. 338.580.934 324. the gross carrying amount of fully amortised intangible assets (computer software) still in use amounted to Rs 338.869 761.350 338.095.413 1.982.413 1.095. The calculations are based on the 2016 budget and forecasts for subsequent two years as approved by the management.407.611 7.350 338.173.982.310 1. 55 Financial statements and notes 10. 10.453.350 3. These have then been extrapolated for a further period of 18 years using a steady long term forecast GDP growth rate and a terminal value determined based on a long term earnings multiple.400 338.665 38.982. the bank has used a long term forecast GDP growth rate of 4.803 3.095.801 - 26.400 389.580.310 - 13.96 percent and a discount rate of 22.982.742 9.731 38.413 761.400 338. The cash flows are discounted using a pre-tax discount rate which reflects the current market rate appropriate for the business.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 10 INTANGIBLE ASSETS 2015 Goodwill Cost At 1 January 2015 Additions during the year At 31 December 2015 Amortised At 1 January 2015 Charge for the year At 31 December 2015 Net book value Core deposits intangible Customer relationships intangible Brand names Computer Software Total ----------------------------------------------------.039 26.153 29. The management believes that any reasonable possible changes to the key assumptions on which calculation of recoverable amount is based.413 774.126.611 285.91 percent.460 769.095.735 - 26.982.680 389.680 389.982.400 389.358.350 338. would not cause the carrying amount to exceed the recoverable amount.095.350 million).720 20% Rate of amortisation 2014 Goodwill Cost At 1 January 2014 Additions during the year At 31 December 2014 Amortised At 1 January 2014 Charge for the year At 31 December 2014 Net book value Rate of amortisation Core deposits intangible Customer relationships intangible Brand names Computer Software Total ----------------------------------------------------. For the calculation as at 31 December 2015.

246 (86.756.575.(Rupees in ’000) ------------------------------------------- Available for sale investments Provisions for loans and advances Other assets Fixed assets Surplus on revaluation of Fixed Assets Goodwill and other intangibles Actuarial gains on retirement benefits 11.986) (195.2 11.505 (876.120) 2014 Note At 1 January 2014 (Charge) / credit to profit and loss Debit / (credit) to equity / other comprehensive income At 31 December 2014 -----------------------------------------.990) 15.312) 5.058) (1.314.376.356.480) - (69.535) (1.2 (34. Standard Chartered Annual Report 2015 . The Bank.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 11 DEFERRED TAX ASSETS / (LIABILITIES) The following are major deferred tax assets / (liabilities) recognised and movement thereon: 2015 Note At 1 January 2015 Debit / (credit) to equity / other comprehensive income (Charge) / credit to profit and loss At 31 December 2015 -----------------------------------------.833 (876.471) (2.221.840) (69.039) (6.987) - (52.305) 5.190.833) (293. since 2010 to date has been able to realise deffered tax assets aggregating to Rs.001 (3.342. 1.550 (164) 52.986) (195.145) (51.1 56 20.545) (13.394.150) (142.206) (7.039) (6.471) (2.334 (86.064) (5.833) In terms of the Seventh Schedule to the Income Tax Law.357 (1.815) 2.947) (13.870 million has been recognised.062.311) (20. 5. the claim of provision for advances and off balance sheet items in respect of Corporate and Consumer (including SME) advances has been restricted to 1% and 5% of gross advances respectively.190.297) 28.822) (227. concludes that the Bank would.321 million.471 (380.960) 16.007) - (1. in future years be able to achieve deductions in excess of the aforesaid prescribed limits.796 (87.870. As such Deferred tax asset of Rs.774) 5.356.668) (221.246 (86.575.312) 5.311) 514.472 (351.067.960) (12. The management based on the exercise carried out.088) (164) 32.1 (1.(Rupees in ’000) ------------------------------------------- Available for sale investments Provisions for loans and advances Other assets Fixed assets Surplus on revaluation of Fixed Assets Goodwill and other intangibles Actuarial gains on retirement benefits 20.413) (118.577.753) (1.376.462) - (1.

373) 22.991 5.622.949 9.396 83.381.385 26.980 138. The recoveries made (net of expenses) from such assets are to taken to income from Sri Lanka branch operations.095.614 542.605 20.582 Provision against other assets Opening balance Net charge for the year Closing balance 116.593.373 Consequent to Sale and Purchase Agreement (SPA) signed between Standard Chartered Bank.046.373 426.715 1.299 631.518.1 2015 2014 (Restated) -----------.241 302.443 638.244. and consequently recorded as receivable. ‘staff loans of SCBPL who are not retained by the purchaser’.424 157.607 146.443 2.357 (309.530 13.548.378.621. the Sri Lanka branch operations of SCBPL were amalgamated with SCBSL with effect from close of business on 10 October 2008.362 52.470 5.745.373) 26. According to the terms of SPA.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Note 12 OTHER ASSETS Income / mark-up accrued in local currency Income / mark-up accrued in foreign currencies Advances.191 5.292 18.402.525 175 338.3 12.016 8.401.395. 13 BILLS PAYABLE Note 2015 2014 -----------.2 12.984) 116.784. advance rent and other prepayments Receivable from defined benefit plans Receivable from defined contribution plans Advance taxation (payments less provisions) Branch adjustment account Unrealized gain on forward foreign exchange contracts Interest rate derivatives and currency options .095 581. 'their corresponding housing loans’ and ‘assets arising from litigation which cannot be assigned’ are held in trust with SCBSL.738. Sri Lanka (SCBSL) and Standard Chartered Bank (Pakistan) Limited (SCBPL).364 22.654 689.1 8.176 1.060 34.025 9. ‘unproductive debts’.positive fair value Receivable from SBP / Government of Pakistan Receivable from associated undertakings Receivable from Standard Chartered Bank.671 BORROWINGS In Pakistan Outside Pakistan 14.167 20.532 188.275 21.1 57 Financial statements and notes 12.373 116.167.956 17. Sri Lanka operations Advances against future Murabaha Commodities under Islamic finance Advance Federal Excise Duty Unsettled trades Others Less: Provision against other assets Other Assets .net of provisions 12.283.057 39.416 39.955 (116.(Rupees in ’000) ------------ 33.961 188.979 5.107 462.434 581.389 (116.721 11.2 . as disclosed in note 25 to these financial statements.479 1. deposits.(Rupees in ’000) ------------ In Pakistan Outside Pakistan 14 11. The Central Bank of Sri Lanka previously had allowed remittance of major portion of the outstanding balance.020.451 15.563.963 710.

These are secured against six months market treasury bills. 496.650. 15 DEPOSITS AND OTHER ACCOUNTS Note Customers Remunerative .260.5 percent to 6.2 14. 1.179 1. These loans are secured against promissory notes executed by the Bank in favour of State Bank of Pakistan.490 2. 14.731 945.736. 1.2 percent (2014: 6.500.719.5 percent (2014: 9.622.988 1.784.295.746. 2.046.956 17.274 327.5 percent (2014: 5.198 320.186 302.621.055.784.65 percent) per annum payable at maturity and are due to mature by January 2016.3 14.599 134.620.671 14.2 Repurchase agreement borrowings carry mark up rates ranging to 6.5 These include overdrawn nostro accounts with other branches and subsidiaries of Standard Chartered Group outside Pakistan amounting to Rs.928 1.5 percent to 8. 14.2.2.738.085 million (2014: Rs.835 21.316.668 15.614 152.122 22.244.825 5.Savings deposits Non-Remunerative .726 million).5 percent) per annum. 1.934 572.Margin accounts .1 14.621.2.282 144.964 17.Current accounts .388.079.459 billion (2014: Rs.2. and are due to mature during Janaury 2016.103 6.Special exporters' account Financial Institutions .503.831.4 These carry mark-up at rate 6.054.2.394 612.115 1. ERF borrowings also include borrowings under Islamic Export Refinance scheme amounting to Rs.2.2.5 percent to 9.742 142.1 This includes Rs.1 24.LTFF Unsecured Call borrowings Overdrawn nostro accounts 14.176 1. 58 Standard Chartered Annual Report 2015 .2.295.000 1.275 million (2014: Rs.707 14.726 1.715 1.046.192.4 14.(Rupees in ’000) ------------ 20.857 million) against balances of other branches and subsidiaries of Standard Chartered Group operating outside Pakistan.Remunerative deposits .5 3.860.671 In local currency In foreign currencies 14.192.782.299.237.451 15.(Rupees in ’000) ------------ 15.065.286 1.5 percent to 11 percent) per annum.Non-remunerative deposits 2015 2014 -----------.2. 1.102 15.616 12.5 percent to 3.2.451 1.083.244.623.349 billion).547 422.956 million).721.1 Mark-up on Export Refinance (ERF) from State Bank of Pakistan is charged at 1. 14.527 304.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 14.Fixed deposits . 1.438.637 883.1 Particulars of borrowings with respect to currencies Note 2014 2013 -----------.275 21. 14.The market value of securities held as collateral against lendings to financial institutions amounted to Rs.711 17.3 Mark-up on Long Term Finance Facility (LTFF) from State Bank of Pakistan carry mark up rates ranging from 2.888.726 million (2014: Rs. These borrowings are secured against demand promissory notes executed by the Bank in favour of State Bank of Pakistan.2 Details of borrowings secured / unsecured Secured Borrowings from State Bank of Pakistan under Export Refinance (ERF) scheme Repurchase agreement borrowings (Repo) State Bank of Pakistan .5 percent per annum (2014: Nil) payable at maturity.

168 414.937.500.173 327.053 667.253.204 725.048 3. Terms for the fourth outstanding issue are as follow: 4th Issue 2012 AAA 0.428 318.500.223 2.970.75% above the six months Karachi Inter-Bank Offered Rate ("KIBOR") prevailing one working day prior to the beginning of each semi annual period 10 years Year of Issue Rating Rate Floor Ceiling Repayment 17 242.638 95.972 430.084 253.668 SUB-ORDINATED LOANS Term Finance Certificates issued 16.084 Due to Holding Company On account of reimbursement of executive and general administrative expenses Royalty and other payable 17.1 17.241 480.784 52.758 631.237.790 6.630 19.226 1.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 15.000 The Bank. on 29 June 2012.739.443 414.net Closing balance 59 .152 586.532.945 203.676 120.354 59.527 OTHER LIABILITIES Note 2015 2014 -----------.258.932 61.344 667.850 32.000 2.446 414.914 1.400.653 615.2 Particulars of deposits Note 2015 2014 -----------.364. unsecured.048 5.496 16.(Rupees in ’000) ------------ 17.739.503.376 171.807 7.736 304.1 267.084 757.837.047 Financial statements and notes Mark-up / return / interest payable in local currency Accrued expenses Advance payments Sundry creditors Unrealized loss on forward foreign exchange contracts Unrealized loss on interest rate derivatives and currency options Payable to defined benefit plans Due to Holding Company Unclaimed balances Dividend Payable Provision against off balance sheet obligations Worker's Welfare Fund (WWF) payable Unsettled trades Others Provision against off-balance sheet obligations Opening balance Charge for the year . issued fourth rated.071.3 17.442.185 207.566.464.543.024 527.633 7.443 1.2 33.500 million by way of private placement.2 510.731 2.428 1.683 37. subordinated TFCs of Rs 2.938 211.826.1 2.795.077 6.442.1 335.2 21.(Rupees in ’000) ------------ In local currency In foreign currencies 16 16.8.654 7.633.

245. These shares have been issued in accordance with the scheme of amalgamation duly approved by State Bank of Pakistan on 4 December 2006. 19.090 9. United Kingdom against transfer of entire undertaking of SCB Branch Business by SCB to the Bank.2 3.003 931.671.per share).000 9.556.50/.258.397. This is in addition to 7.per share) interim cash dividend announced during the year. These financial statements for the year ended 31 December 2015 do not include the effect of final dividend appropriations which will be accounted for subsequent to the year end.810.each issued and allotted at par to Standard Chartered Bank.708 3.000.003 3.000.852 shares issued and allotted at par credited as fully paid up to persons who were registered shareholders of Union Bank. 20 SURPLUS ON REVALUATION OF ASSETS .582 6.715.397.036. 19 RESERVES Note 2015 2014 -----------.850 38.262.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 18 SHARE CAPITAL 18.(Rupees in ’000) ------------ Ordinary shares of Rs.018 2. 10 each Fully paid in cash Issued in terms of scheme of amalgamation 18.2 In accordance with the Banking Companies Ordinance.970 Available for Sale Securities 20.99% shares of the Bank.1 3. held 98.320 19.000 38.979 Standard Chartered Annual Report 2015 .018 931.1 Authorized Capital 2015 Note 2014 --------. the Bank is required to transfer twenty percent of its profit of each year to a reserve fund until the amount in such fund equals the paid-up capital of the Bank. Standard Chartered Bank .785.036. 19. United Kingdom. 18.000 4.953.3 29. and 39.2 Issued.871.50% (Rs.785.(Rupees in ’000) ------------ Surplus arising on revaluation of: 60 Fixed assets 20.50% (Rs 1. 1.800. 10/.151 shares of Rs.702.800. 1962.1 19.3 The Board of Directors in their meeting held on 3 March 2016 have announced a final cash dividend of 12.934.000 40.(Rupees in ’000) ------------ Share premium Statutory reserve 19.(Number of shares) ---------- 4.021 3.000.847.3 These represent 892.000.000.989.318.850 9.871.000 2015 2014 -----------.75/.090 7.1 This represents excess of fair value of the shares over par value of shares issued to registered shareholders of Union Bank in terms of the amalgamation scheme.25 per share) in respect of the year ended 31 December 2015 (2014: Rs.021 Ordinary shares of Rs.318.2 1.230 8.939.585.10 each 40.585. 0.000.000 18.850 18. subscribed and paid-up Capital 2.850 29.554.009 6.939.915 10.4 At 31 December 2015.NET OF DEFERRED TAX Note 2015 2014 -----------.715.005 1.290 2.

009 Transferred to unappropriated profit in respect of incremental depreciation charged during the year .1 Transaction-related contingent liabilities 21.019.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 20.672.039) 3.2.151.137.323) (6.3 Trade-related commitments Acceptances 21.net of deferred tax Related deferred tax liability Surplus on revaluation of fixed assets as at 31 December Less: Related deferred tax liability on: Revaluation surplus as at 1 January Revaluation surplus recorded during the year Revaluation surplus realized on disposal during the year Incremental depreciation charged during the year transferred to profit and loss account Surplus on revaluation of fixed assets as at 31 December .986 64.(Rupees in ’000) ------------ 21.323 (69.376.772.183 6.321 Related deferred tax liability (1.229 24.938 21.787 78.074 million).636) 3.net of tax 20.1 21.455.471.122 60.3.1 53.399.915 24.313 3.377 million (2014: Rs 2. 21.782) 3.038 4.net of tax 2015 2014 -----------.364 million (2014: Rs 3.969 million).313) (2.316 18.260 28. 21.041.008 (9.039) 3.016 43.057 380.312) 2.887.417.925.Government .923.Others Note 61 .582 (1.1.924 16.3.net of tax 21 CONTINGENCIES AND COMMITMENTS 21.063.671.886 25.056 million (2014: Rs 528 million).409 (52.189 13.756.1 Guarantees relating to Islamic Banking Business amount to Rs 3.409) (38.110 (523) (24.121.2 Trade-related contingent liabilities 21.972 24.008 (69.480) 183 13.064) (51.134 34.4 Commitment for acquisition of fixed assets 21.5.1 Letters of credit 2015 21.782.206) 3.1 Surplus on revaluation of fixed assets .2.995 5.262.(Rupees in ’000) -----------Surplus on revaluation of fixed assets as at 1 January Surplus on revaluation of owned properties recorded during the year Surplus realized on disposal of revalued properties 3.723.058 5.1 21.427 Financial statements and notes Guarantees issued favouring: .970 Market Treasury Bills Pakistan Investment Bonds Sukuk and Ijarah Bonds Listed shares 48.1 Guarantees relating to Islamic Banking Business amount to Rs 4.932.5 Other contingencies Claims against the Bank not acknowledged as debt 2014 -----------.927.424 (20.1.356 20.702.708 2.904) (13.774) 3. 21.036 3.2 Surplus on revaluation of Available for Sale securities .913 (4.772.313) 3.1 Letters of credit relating to Islamic Banking Business amount to Rs 2.556.

Notes to the Un-Consolidated Financial Statements
For the year ended 31 December 2015

21.5.1 These represent certain claims by thrid parties against the Bank, which are being contested in the Courts of law. The

management is of the view that these relate to the normal course of business and the possibility of an outflow of economic
resources is remote.

21.5.2 The Bank has identified that a regulatory authority has filed a case on the land where an office building is constructed

and the bank owns a portion of that premises. A request for clearance of its premises from the competent court has been
filed based on the fact that the bank is a bonafide purchaser of the premises having no relevance with the principal case.
Considering the facts of the case and the opinion of legal expert, the management expects a favourable decision from
the competent court. The Bank is also in litigation with various tenants for repossessing its office space in one of its other
owned properties. A favourable decision of the High Court of Sindh has been received whereby the High Court has
directed the Lower Court to expeditiously decide these Petitions on merit. The cases are now being tracked at the Rent
Controller’ court. Based on the facts of the case and the opinion of legal expert, the management expects a favourable
decision from the dealing court.

21.6

Commitments in respect of forward foreign
exchange contracts

2015

2014

------------ (Rupees in ’000) ------------

Purchase from:
State Bank of Pakistan
Other banks
Customers

19,536,300
51,623,327
3,217,691

3,648,750
45,030,485
4,210,190

Sale to:
State Bank of Pakistan
Other banks
Customers

53,329,213
572,496

32,620,281
4,631,521

The maturities of the above contracts are spread over a period of one year.
21.7

Commitments to extend credit
The bank makes commitments to extend credit in the normal course of its business but these being revocable commitments
do not attract any significant penalty or expense if the facility is unilaterally withdrawn.

21.8

Derivative instruments
2015

21.8.1 Product analysis

Interest Rate Swaps
Cross Currency Swaps
Counterparties

No. of
Contracts

FX Options

Notional
Principal *

No. of
Contracts

(Rupees in ’000)

Notional
Principal *
(Rupees in ’000)

With Banks for
Hedging
Market Making

8

2,487,312

7

83,624

With FIs other than banks
Hedging
Market Making

3

649,631

-

-

With other entities for
Hedging
Market Making

13

6,080,535

7

83,624

Total
Hedging
Market Making

24

9,217,478

14

167,248

-

-

2014
Total Market Making
*
62

At the exchange rate prevailing at year end.

Standard Chartered Annual Report 2015

33

30,560,927

Notes to the Un-Consolidated Financial Statements
For the year ended 31 December 2015

Contracts with banks represent contracts entered with branches of Standard Chartered Bank, UK to obtain cover against
the contracts with customers, except for 1 contracts with local banks having notional principal of Rs. 104.7 million.
21.8.2 Maturity analysis

Interest Rate Swaps & Cross Currency Swaps
Remaining
Maturity

No. of
contracts

Notional
principal

Mark to Market
Positive

Negative

Net

---------------------------- (Rupees in ’000) ----------------------------

Upto 1 month
1 to 3 months
3 to 6 months
6 month to 1 year
1 to 2 years
2 to 3 years
3 to 5 years
5 to 10 years
Above 10 years

22

MARK-UP / RETURN / INTEREST EARNED

3
2
1
10
3
5
24

649,631
1,618,724
167,200
3,351,495
959,865
2,470,563
9,217,478

Note

(13,986)
(13,165)
(88,111)
(4,631)
(119,893)

9,880
13,165
4,382
17,233
85,829
26,378
156,867

2015

(4,106)
4,382
(70,878)
85,829
21,747
36,974

2014

------------ (Rupees in ’000) -----------On loans and advances to customers
On loans and advances to financial institutions
On investments in: i) Held for trading securities
ii) Available for sale securities
On securities purchased under resale agreements
On call money lending /Placements
23

9,305,522
464,939
33,506

11,750,987
296,868
19,430

600,116
225,766
10,629,849

902,755
272,523
13,242,563

401,881
600,291
13,525
1,015,697
1,015,697

44,780
638,289
27,004
710,073
17,194
727,267

Financial statements and notes

GAIN ON SALE OF SECURITIES - NET
Federal Government Securities
Market Treasury Bills
Pakistan Investment Bonds
Ijarah Sukuks

Equity Securities - Listed

25

15,473,675
35,693
301,894
17,591,049
703,147
331
34,105,789

MARK-UP / RETURN / INTEREST EXPENSED
Deposits
Securities sold under repurchase agreements
Call borrowings
Borrowings from State Bank of Pakistan under
Export Refinance (ERF) scheme
Term Finance Certificates (sub-ordinated loans)

24

11,776,186
38,050
338,859
20,446,823
315,962
21,679
32,937,559

OTHER INCOME
(Loss) / income from Sri Lanka branch operations
Rent on property
Gain on disposal of fixed assets
Gain / (Loss) on derivatives - net
Gains on assets fair valued at acquisition
Other income

12.2

25.1

(325)
22,363
3,460
233,456
57,640
13,095
329,689

3,567
21,240
12,366
(331,289)
494,738
117,407
318,029

63

Notes to the Un-Consolidated Financial Statements
For the year ended 31 December 2015

25.1

This includes gain on sale of non-banking assets amounting to Rs. Nil (December 2014: Rs. 112.999 million).

26

ADMINISTRATIVE EXPENSES

Note

2015

2014

------------ (Rupees in ’000) -----------Salaries, allowances etc.
(Reversals) / charge for defined benefit plans
Contributions to defined contribution plans
Rent, taxes, insurance, electricity etc.
Legal and professional charges
Communications
Repairs and maintenance
Stationery and printing
Advertisement and publicity
Donations
Auditors' remuneration
Depreciation
Amortization
Travelling, conveyance and vehicles' running
Reimbursement of executive and general administrative expenses
Royalty - net
Reward and bonus points redemption
Premises security and cash transportation services
Documentation and processing charges
Others
26.1

26.1
26.2

26.3
26.4

5,485,007
(38,848)
349,656
1,268,501
116,738
445,073
1,064,730
238,372
376,969
17,656
19,622
475,501
46,394
188,379
1,431,588
(77,512)
36,903
339,749
145,799
174,669
12,104,946

5,238,432
7,564
234,850
1,345,361
104,507
471,659
1,142,244
240,735
263,514
26,000
18,800
478,888
48,803
251,557
1,385,769
184,693
135,463
338,760
135,618
194,734
12,247,951

8,000
1,000
1,200
4,000
3,456
-

8,000
1,000
3,000
2,400
4,000
3,400
4,200

16,927
310
1,385
1,000
19,622

16,927
310
563
1,000
18,800

Details of the donations given in excess of Rs. 100,000 are given below:
Donee
Institute of Business Administration
The Citizen Foundation
The Kidney Centre
Lahore University of Management Sciences
Habib University
Aman Foundation
The Hunar Foundation

26.1.1

26.1.1 CEO of the bank is also a member of Board of Governors of The Kidney Centre.
26.2

Auditors’ remuneration
Audit fee
Fee for audit of pension, gratuity and provident funds
Special certifications and others
Out-of-pocket expenses

26.3

Total cost for the year included in Administrative Expenses relating to outsourced activites is Rs 1,816 million (December
2014: Rs 1,828.5 million). This includes payments to local companies for obtaining routine services such as personnel
for collection and recoveries, contact centre, service quality and technology maintenance, courier services and executive
and general administrative expenses of SCB UK.

26.4

During the year, the State Bank of Pakistan has partially restricted the remittance of royalty expense to SCB group.
Accordingly the royalty amounting to Rs 267.755 million has been reversed.

27

OTHER PROVISIONS / ASSET WRITE OFFS

2015

2014

------------ (Rupees in ’000) ------------

Fixed asset write offs
Other provsions
Provision released against other assets

64

Standard Chartered Annual Report 2015

3,164

-

3,164

-

Notes to the Un-Consolidated Financial Statements
For the year ended 31 December 2015
28

OTHER CHARGES

2015

2014

------------ (Rupees in ’000) -----------Net charge against fines and penalties imposed by SBP
Worker's Welfare Fund (WWF)
29

For prior years'

5,105,573
293,297
5,398,870
697,323
6,096,193

4,255,131
1,062,535
5,317,666
187,994
5,505,660

15,384,619
5,384,617

15,230,563
5,330,697

Relationship between tax expense and accounting profit
Profit before taxation
Tax at the applicable tax rate of 35% (2014: 35%)
Income (dividend, capital gain etc.) at reduced rates
Expenses that are not deductible in determining taxable income
Prior year provision

29.2

835
310,905
311,740

TAXATION
For the year
- Current
- Deferred

29.1

40,725
313,974
354,699

14,253
697,323
6,096,193

(13,325)
294
187,994
5,505,660

The return for income year 2015 (Tax Year 2016) is due for filing by 30 September 2016.
The tax department amended the assessment for income years 2007 to 2014 (tax years 2008 to 2015 respectively) under
the related provisions of the Income Tax Law, determining additional tax liability on account of various issues such as
disallowances of expenses relating to provision against loans and advances, goodwill amortisation etc. The resultant tax
demands have been paid by the Bank which includes Rs 7,542 million for which no provision has been made. Appeals
against the amended assessment orders are pending before different appellate forums. The management considers that
a significant amount of the additional tax liability is the result of timing differences and is confident that the issues in the
above mentioned tax years will be decided in favour of the Bank at appellate forums. Accordingly, no additional provision
is required.

The Tax Authorities have passed an order for the income years 2009 and 2010 levying Federal Excise Duty amounting
to Rs.141 million on certain items. The Bank is contesting the order in the appeal. The Bank has paid entire amount under
protest.
Further, an order for income year 2011 levying Federal Excise Duty of Rs. 515.6 million has been issued. The demand
has been stayed by the Sindh High Court.

30

EARNINGS PER SHARE - BASIC AND DILUTED

2015

2014

------------ (Rupees in ’000) -----------Profit for the year
Weighted average number of ordinary shares in issue during the year
Earnings per share - basic and diluted

9,288,426

9,724,903

(Number of shares)
3,871,585,021

3,871,585,021

----------------- (Rupees) ----------------2.40

2.51

65

Financial statements and notes

The Commissioner (Appeals), during the year, has disposed off appeals for tax years 2011, 2012 and 2013, deciding
certain issues including claim of provision for bad debts under seventh schedule in favour of the Bank, resulting in aggrgate
refund of Rs. 644 million due to the Bank.

136 STAFF STRENGTH 21. Management Staff Pension Fund The plan is closed to active employees. However. For the employees of ex-ANZ Grindlays Bank.5% p.345 387.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 31 CASH AND CASH EQUIVALENTS 2015 2014 -----------. 33. However.134 4.646 ----------------.(Number) ----------------- Permanent Temporary / on contractual basis / direct contracts Bank's own staff at the end of year 3. but not both.a. The employees of SCB are entitled to either pension or gratuity. 10% p. the plan provides a lump sum calculated at 50% of last drawn merged salary for each completed year of service (maximum 40 months) after completing 5 years of service. but not both.482.390 3.256 Outsourced Total staff strength 408 3. Pension is calculated as 1/120 times the last drawn merged salary for each year of service. 13.2 Principal Actuarial Assumptions The last actuarial valuation of the scheme was carried out on 31 December 2015 and the key assumptions used for actuarial valuation were as follows: Discount rate Expected rate of increase in salary in future years Expected rate of retur n on plan assets Expected long term rate of increase in pension Mortality rate Withdrawal rate 66 Standard Chartered Annual Report 2015 2015 2014 9% p.862. The conversion date is December 31.a. Non Management Staff Gratuity Fund The plan provides a lump sum gratuity calculated at one month's salary for each completed year of service (maximum 40 months) after completing 5 years of service.475.a. The employees of the bank are entitled to either pension or gratuity. 2015. The entire liability is in respect of existing pensioners. 5% p.a. During the year the bank has converted its non management staff gratuity defined benefit scheme into defined contribution scheme. 8. if the employee is not entitled for pension.798 1. 11% p.002 33.a.072 4.251 5 3.384 6 3.1 General description Non Management Staff Pension Fund The plan provides pension calculated at 50% of the average pensionable salary after completing 30 years of service. SLIC (2001-05) ultimate mortality table rated down one year Light .300.301 21. SLIC (2001-05) ultimate mortality table rated down one year Light 13.5% p. the employees of ANZ Grindlays Bank transferred to the bank are entitled to both pension and gratuity and the minimum number of years required for entitlement of pension is 25 years for these employees.a. the percentage is increased to 100%.(Rupees in ’000) -----------Cash and balances with treasury banks Balances with other banks 32 29.5% p.a.782.a. 9% p.328 33 DEFINED BENEFIT PLANS 33.

746 (6.684 6.464 ) 5.5 2015 Reconciliation of (receivable) / payable from / to defined benefit plan ------------------------------------------------------------.252 ) (2.513 (22.079 (5.695 80.711 3.426) (2.252 ) 3.983) (6.250) 8.037 (36.037 ) 114.461 55.260 ) 49.716 5.079 5.077 52.772) 48.456 174 5.377 99.792 (6.647 65.148) (3.023 ) 95% 5% 86% 14% 21% 79% 76% 24% 70% 30% 95% 5% Re-measurement : interest income net of return on plan assets Actual net return on plan assets Interest income on plan assets Net re-measurement recognised in other comprehensive income 33.665 47.184 ) 2.941 ) (20.189 (6.250) 51.503) 22.740 3.848 ) (92.003 ) (25.494 5.494 (1.500 (2.606) (1.652 338 126 3.690 (8.267) 174 44.625 26.574 92.377 320 66.1 Components of plan assets as a percentage of total plan assets Bonds Cash and net current assets 67 Financial statements and notes Components of defined benefit costs recognized in profit and loss account.513 (2.615 82.278 22.464) 3.444 44.080 (8.250 3.603 ) 81.794 (5.740) (99.543 (44.574 (1.684 16.Actuarial gain / (loss) on plan assets Amount recognized in total comprehensive income The following amounts have been charged in respect of these benefits to profit and loss account and other comprehensive income: Current service cost Interest cost Expected return on plan assets Liability settlement (gain)/ loss 218 6.184 ) 47.080) 4.355 9.630 18.941 9.812 (20.614 (95.919 953 1.109 5.812 18.503) 502 6.845) 6.594) (331) (10.456 (174) 126 17.Change in demographic assumptions .153 ) 300 24.977) 143.123) (320) 20.000) 175.485 (95.Change in experience assumptions (788) 3.919 59.931 52.665 (26.848 179.629) (10.355 3.221 59.427 143.221 3.827 4.456 (5.848) 4.764 (30.460 (9.669 21.492 ) (2.291 21.264 ) 425 60.204 (46.461 44.764 2.000 (21.397 (95.562 ) 7.708 12.889 72.461 ) (1.889 (143.109 5.145 ) 17.646 ) 7.427 5.681 218 6.389 6.009) 3.772) (20.055 (6.669 Movement in (receivable) / payable from / to defined benefit plan Balance as at 1 January Charge for the year Contribution to the fund during the year Actuarial (gain) / loss on plan assets Balance as at 31 December 33.263 9.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 SCB Non Management SCB Non Management Pension Fund Gratuity Fund 33.696 (20.377 (320) 3.427) 3.681 (72.546 (51.555 (4.204 (7.025 ) 27.665 3.812 ) 32.546 59.071 ) 7.071 ) 72.429 21.799 11.444) 49.983 3.485 (18.116 395 (16.690 6.792 (9.377 (46.349 (18.711 7.177 39.346 502 6.263 9.116 32.993 ) 80.277 46.615) 3.071 5.144 4.764 (2.189 ) 11.925) (880) 12.925) 75.646 (3.4 2014 Total SCB Management Pension Fund Actual return on plan assets .210 25.060 9.838 9.429 18.684 (425) 11.Expected return on plan assets .210 25.646 3.116 114.977 (3.630 5.564 Components of defined benefit costs (re-measurement) recognised in other comprehensive income Re-measurement : Actuarial gain / loss on obligation .148) (7.064 5.941 26.000 (53.003 ) (25.003) (13.823 (132.249 2.260) (2.145 ) 132.003) (13.461 2.278 22.646 (53.221 (36.077 9.277 (60.564 (3.3 2015 2014 2015 2014 55.708 12.772) 75.824 (46.823 206.6 2014 Movement in defined benefit obligation Obligation as at 1 January Current service cost Interest cost Amount transferred to Defined Contribution Plan Benefits paid Re measurement : Actuarial (gain) / loss on obligation Liability Settlement (gain) / loss Obligation as at 31 December 33.684 425 6.444 3.7 2015 Movement in fair value of plan assets Fair value as at 1 January Interest income on plan asset Contribution / (refund) by the bank Amount transferred to Defined Contribution Plan Benefits paid Re measurement :Actuarial gain / (loss) on plan assets Fair value as at 31 December 33.7.037) (38.629) (2.397) 66.(Rupees in ’000) ------------------------------------------------------------- Present value of defined benefit obligations Fair value of plan assets (Asset) / liability recognised 33.264 ) 11.696 3.603 (95.931 (23.684) 395 5.144 (20.845) 49.625 52.000 ) 8.574) (46.349 17.260 ) (20.764) 9.536 7.681 75.060 9.079 (6.456) 338 3.057 3.606) 2.824 (10.037) - 100.993 ) (1.025) 175.794 (5.077 (38.513 (1.889 3. .376 9.267) 300 47.614 (3.509 55.460 (17.057 6.684 5.765 3.746 (30.426 (2.543 6.574 1.426 (17.848 ) (18.426 2.977 ) 17.123) 65.493 ) (7.772 52.080) 26.Change in financial assumptions .513 1.543 175.023 ) 32.145 81.

549 63.823 175.145 3.729 169. The remaining life of the plan is ten years.493) 5.000) (741 ) 1.(Rupees in '000) ----------------------------------------------------- Non Management Pension Fund Non Management Gratuity Fund Management Pension Fund 33.2 Sensitivity Analysis on defined benefit obligations 2015 2014 2015 2014 2015 2014 +1% Discount rate -1% Discount rate +1 % Salary increase -1 % Salary increase +1 % Pension increase -1 % Pension increase ----------------------------------------------------.7.350 59.889 ) Experience adjustments on plan assets .4 Expected contribution for the year ending 31 December 2015 in relation to Non-Management Pension Fund amounts to Rs. The market value of shares is denominated in pounds sterling at the time of grant.826 55. the Bank's liability towards its parent.025) 32.277 59. 68 Standard Chartered Annual Report 2015 2014 Number ('000) 97 18 (16) (15) 1 85 Weighted average exercise price £ per share - . deferred awards (shares or cash) and restricted shares.018 55.loss / (gain) 33.546 59. It is the Group’s main share plan.7.136 2015 2014 2013 2012 2011 -----------------------------------------. 25. The main features of each plan are as follows : i) Standard Chartered Share Plan The 2012 Standard Chartered Share Plan replaced all the Group’s existing discretionary share plan arrangements following approval by shareholders at the Group’s Annual General Meeting on 5 May 2011.3 Five year data on surplus/ (deficit) of the plans and experience adjustments 52.373 (18.82.753 55. 0.423 Deficit / (Surplus) (18.300) 222 Experience adjustments on plan liabilities .291 175.827 168. The total expense recognised in respect of above schemes on equity settled basis amounts to Rs.7. however continues to be determined and recorded on cash settled basis for options not yet vested.439 (7. 34 SHARE BASED PAYMENTS The Bank's employees participate in the following share compensation plans operated globally by the ultimate holding company.429 169. Standard Chartered Plc (SCPLC).231 million).Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 33.936 51.637) (3.20 in detail.848 143.645 Fair value of plan assets 132. applicable to all employees with the flexibility to provide a variety of award types including performance shares. the Group has changed its arrangement to issue shares of SCPLC upon meeting the vesting conditions.695 million (2014: Rs. Movements in the number of share options held by the Bank's employees are as follows:2015 Number ('000) At 1 January Granted during the year Exercised during the year Lapsed during the year Notional dividend Adjusment due to right issue At 31 December 85 28 (14) (22) 1 4 82 Weighted average exercise price £ per share - The weighted average price at the time the options were exercised during 2015 was £ NIL (2014: £NIL).004 (6.812 179.loss / (gain) 65.977 6.277 55. For employees in Pakistan. Previously the Group operated cash equivalent or "phantom" arrangements under which employees can receive a cash benefit linked to either the growth in Group's share (Sharesave scheme) or the value of the Group's share (restricted / performance share awards) and the arrangement did not give an option to the Bank's employees to buy SCPLC shares. Performance and restricted share awards will generally be in the form of nil price options to participate in the shares of SCPLC.077 27.712 63.546 59.339 million.889 206. Phantom scheme not yet vested are still being accounted for cash settled basis.536 (7. As also explained in note 3.(Rupees in '000) ------------------------------------------ Present value of defined benefit obligation 114.

11/10.11/ 10.113. plus interest.46 / 7.85 9.65 (2014: £9.933.09 / 7.854 thousand). Employees have the choice of opening a three-year or a five-year savings contract.89 62 3.33/5. of options (000) - 85 5.27 / 12. 32.99 10.57/£13.86 8. Movements in the number of share options held by the Bank's employees are as follows:- At 1 January Granted during the year Exercised during the year Lapsed during the year Adjusment due to right issue At 31 December 2015 Number ('000) Weighted average exercise price £ per share 2014 Number ('000) Weighted average exercise price £ per share 70 25 (3) (33) 3 62 10. the Restricted Share Scheme is not applicable to the Group's executive directors. Fifty per cent of the award vests two years after the date of the grant and the remainder after three years.78 / 10.85 The weighted average price at the time the options were exercised during 2015 was £10. Except upon appointment when an executive director may be granted an award of restricted shares. repaid in cash.408 thousand (2014: Rs. The options granted do not confer any right to participate in any share issue of any other company.647 thousand (2014: Rs 11.80 11.86 10. of options (000) 8. of options (000) 10. alternatively.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 2015 Range of exercise price NIL Weighted average exercise price No.33 0.33 Weighted average exercise price No.89 84 26 (1) (39) 70 11.65 9.8). iii) Restricted Share Scheme The Restricted Share Scheme is a discretionary share incentive scheme for high performing and high potential staff at any level of the organisation whom the Group wishes to motivate and retain.45 5.33/5.91 The intrinsic value of vested International Sharesave cash-settled awards as at 31 December 2015 was 2. ii) International Sharesave Scheme The International Sharesave Scheme was first launched in 1996 and made available to all employees of the Bank.91/11. Movements in the number of share options held by the Bank's employees are as follows:- 69 Financial statements and notes Range of exercise price 2014 Weighted average remaining life Expected Contractual years years . employees may exercise the awards and receive any benefit in cash.83/10.61 Weighted average remaining life Expected Contractual years years 3.22/2. Within a period of six months after the third or fifth anniversary. The awards granted under this scheme are nil cost options with any benefit payable in cash. total number of options excercisable were 10.41 Weighted average remaining life Expected Contractual years years 10 5. total number of options excercisable were 1. the employee may elect to have the savings. 2015 £5.063 thousand). As at 31 December 2015.78 9. As at 31 December 2015. as it has no performance conditions attached to it.91 The intrinsic value of vested International Sharesave cash-settled awards as at 31 December 2015 was Rs. There are no performance conditions attached to options granted. of options (000) - 82 2014 Weighted average remaining life Expected Contractual years years 10 Weighted average exercise price No.85 70 1. The price at which they may purchase shares is at a discount of up to 20 percent on the share price at the date of the invitation.82/2.93 Weighted average exercise price No. 23.85 5. The options granted do not confer any right to participate in any share issue of any other company.

3 Weighted average remaining life Expected Contractual years years - 2. The plan is principally used for employees in the global markets area and is similar to the RSS outlined above for three important factors: executive directors are specifically prohibited from the plan. of options (000) - 13 1.211 thousand (2014 : Rs. of options (000) - 1 Weighted average exercise price £ per share - 2014 Weighted average remaining life Expected Contractual years years 5 Weighted average exercise price No.07 The intrinsic value of vested Restricted Share Scheme cash-settled awards as at 31 December 2015 was Rs 21. total number of options excercisable were 9.07 The intrinsic value of vested Supplementary Restricted Share Scheme cash-settled awards as at 31 December 2015 was Rs 3. 23.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 2015 Number ('000) Weighted average exercise price £ per share - 13 (1) (3) 1 10 At 1 January Granted during the year Exercised during the year Lapsed during the year Adjusment due to right issue At 31 December 2014 Weighted Number average ('000) exercise price £ per share 22 (9) 13 - The weighted average price at the time the options were exercised during 2015 was Nil (2014: Nil).062 thousand). of options (000) - 1 2. Movements in the number of share options held by the Bank's employees are as follows:2015 Number ('000) At 1 January Granted during the year Exercised during the year Lapsed during the year Adjustment due to right issue At 31 December Weighted average exercise price £ per share - 1 1 2014 Number ('000) 1 1 2015 Range of exercise price N/A Weighted average exercise price No.428.07 Weighted average remaining life Expected Contractual years years 5 3. and there is no individual annual limit. As at 31 December 2015. 70 Standard Chartered Annual Report 2015 . 2015 Range of exercise price N/A Weighted average exercise price No. iv) Supplementary Restricted Share Scheme The Group operates a Supplementary Restricted Share Scheme which can be used to defer part of an employee's annual bonus in shares. of options (000) - 10 2014 Weighted average remaining life Expected Contractual years years - Weighted average exercise price No. no new shares can be issued to satisfy awards. As at 31 December 2015. total number of options excercisable were 1.089 thousand (2014 : Rs 2.807.327 thousand).

725.404.668 304.311.914.590.174.682 5.500.425 367.671 17.527 2.000 17.794 345.451 327.784.137 Interest Rate swaps / Foreign currency options / Forward sale contracts 56. including Chief Executive of the Bank are also eligible for discretionary variable compensation which includes cash &/or share awards.558 - - 518.725.791 367.335 5.301 387.957 26.475.500. In addition.549.244.630 - - 233.244.134 4.059 128.318.388 29.094 *'This includes managerial remuneration and other benefits of current and previous Chief Executives.682 11.002 26.134 4.559 189.213 1.802.795 1 3 3 3 - - 1.370 189.000 17.784.335 5. 35. all Executives.850 345. The aggregate amount in this respect.401.348 12.000 18.318.566 225.677.549.405 106. 521. etc.563.119.376 1. 35. 485.482.605 5.401.978 156.000 2.1 - - 5.513 380.191 21.521 million (2014: Rs.295.300.191 21.237.367.451 327.475.332 million).671 304.590. This is determined on the basis of employee's evaluation and the Bank's performance during the year.388 21. 36 FAIR VALUE OF FINANCIAL INSTRUMENTS On-balance sheet financial instruments Book value Assets Cash and balances with treasury bank Balances with other banks Lendings to financial institutions Investments Advances Other assets Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Other liabilities 2014 Fair value Book value Fair value -----------------------------. relating to all Executives.541. 35.345 387.954 - - 5.430 Others 18.559 10.300.907 56.311.960 461.527 2.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 35 COMPENSATION OF CHIEF EXECUTIVE AND EXECUTIVES Note Chief Executive * 2015 2014 * Directors 2015 2014 Executives 2015 2014 ---------------------------------------.503.366 53. as per their terms of employment.849 81.974 71 Financial statements and notes 2015 .265.789 69. including Chief Executive of the Bank amounted to Rs.678.187 1.880 68.216 52.2 The Chief Executive is also entitled to house allowance in lieu of furnished accommodation and provided with Bank maintained car.285 403.1 The director's remuneration / fees represents remuneration paid to the Bank's 3 non-executive directors (2014: 3) for attending Board and Sub-Committee meetings.566 225.668 2.456 51.370 128.109 Contribution to defined contribution plan Rent and house maintenance Number of persons 2.784.119.794 Off-balance sheet financial instruments Interst Rate swaps / Foreign currency options / Forward purchase contracts 81.097 - - 458.031 207.996 10.660.802.813.740 115.237.128 5.482.503.000 15.600.969.813.3 30.605 17. the Chief Executive and some of the executives are also reimbursed for cost of medical expenses and other benefits like club subscription.(Rupees in ’000) ----------------------------------------Director's remuneration / fees 35.425 11.678.563.285 403.059 16.123.174.791 16.000 889 - - 129.123.301 10.345 21.405 106.500.500.574.996 10.896 2.000 3.513 380.404.(Rupees in ’000) -----------------------------29.3 In addition to the above.969.850 15.499 1.320.381.721 Medical 3.768 69.795 Managerial remuneration 35.784.002 26.791.

033.660.1 The table below analyses financial instruments measured at the end of the reporting period by the level in the fair value hierarchy into which the fair value measurement is categorised: On balance sheet financial instruments Note 2015 Carry value Available Loans Other Other for and financial financial Sale Receivables Assets liabilities Held for Trading Fair value Total Level 1 Level 2 Level 3 Total ----------------------------------------------------.482.2 - - - .549.Investments in Subsidiaries .401.17.268 .10.285 223.106.300.223.237.969.864 .307.21.513 17.784.996 .549. staff loans and fixed term deposits of over one year cannot be calculated with sufficient reliability due to non .134 176.134 176.002 .2 36.134 97.2 1.223.802.26.482.10.725.134 .404.451 2.527 327.191 11.216 - 56.725.327.260 .56.493.401.500.2 36.2 36.134 176.(Rupees in ’000) ----------------------------------------------------Financial assets measured at fair value .880 - 81.987.660.Balances with other banks .2 36.273 .566 1.493.864 223.availability of relevant active market for similar assets and liabilities.81.134 97.996 71.784.ordinated loans .784.Lending to financial instruments . between knowledgeable willing parties in an arm's length transaction.451 21.000 686.29.403.000 - - - - 36.539.300.367.Bills Payable .367.380.969.918 106.784.134 4.Held for Sale .000 686.2 36.134 .996 .295.214 - 221.880 - - .Other liabilities (excluding liabilities against assets subject to finance lease) Off balance sheet financial instruments Interst Rate swaps / Foreign currency options / Forward purchase contracts Interest Rate swaps / Foreign currency options / Forward sale contracts 72 Standard Chartered Annual Report 2015 - .Sukuk Bonds (other than government) .802.000 2.Investments Government Secrurities (Tbills + PIBs + Sukuks) Sukuk Bonds (other than government) Equity securities traded (Shares) 1.223. Fair value of financial instruments is based on: Federal Government Securities Sukuk Bonds (other than government) Listed securities PKRV and PKISRV rates (Reuters page) MUFAP rates Market prices Fair value of fixed term advances of over one year.2 36.513 . or a liability settled.791.791.6.26.388 176.Other assets 36.2 36.Advances .566 1.500.237.2 36.Sub .273 .134 97.907 56.138.216 .907 .56.4.11.864 176.682 380.849 .Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Fair value is the amount for which an asset could be exchanged.Deposits and other accounts .849 81.682 - - - - - - .864 Financial assets not measured at fair value .Borrowings .191 .2 - - - .527 . The provision for impairment of debt securities and loans and advances has been calculated in accordance with the Bank's accounting policies as stated in note 3.033.325.864 - - .2 36.Cash and bank balances with SBP and NBP .295.325.920 97.29.223.106.132 Financial liabilities not measured at fair value .033.002 .81.130. 36.784.285 .214 36.

21. either directly (i.559 1.771 149.771 149. 'Level 3: Fair value measurements using input for the asset or liability that are not based on observable market data (i.000 180.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 On balance sheet financial instruments Note 2014 Carry value Held for Trading Available for Sale Loans and Receivables Other financial Assets Fair value Other financial liabilities Total Level 1 Level 2 Level 3 Total ----------------------------------------------------.2 36.Borrowings .119. 'Level 2: Fair value measurements using inputs other than quoted prices included within Level 1 that are observable for the assets or liability.500.Held for Sale .320.974 - 53.668 304.e.325.370.059 16. unobservable inputs). Therefore their carrying amounts are reasonable approximation of fair value.728 146.301 .503. derived from prices).499 .605 .605 .10.671 2.137 - 69.123.563.Bills Payable .381.101.345 387.974 Financial assets not measured at fair value .791 178.273 .590.301 10.311.668 .Deposits and other accounts .728 146.320. as prices) or indirectly (i.2 36.269.Other assets Financial liabilities not measured at fair value .2 8.598 - - .345.677.244.2 36.677.Cash and bank balances with SBP and NBP .366 - 52.5.e.Lending to financial instruments .370.304.598 36.789 - 68.501 1.265.425 146.187.265.794 - - - - - - - 68.53.269.Sub .671 17.Balances with other banks .e.2 - - - 5.Other liabilities (excluding liabilities against assets subject to finance lease) Off Balance sheet financial instruments The Bank measures fair values using the following fair value hierarchy that reflects the significance of the inputs used in making the measurements: 'Level 1: Fair value measurements using quoted prices (unadjusted) in active markets for identical assets or liabilities.728 146.69.667.520.311.270 149.475.097 36.2 These financial assets and liabilities are for short term or reprice over short term.273 128.2 - - - .059 .17.137 - - - 52.127.Investments in Subsidiaries .728 149.813.794 345.2 36.598 146.000 .813.596 - 21.000 - - - - 36.381.475.366 .771 .174.ordinated loans .503.2 36.563.123. 73 Financial statements and notes Interst Rate swaps / Foreign currency options / Forward purchase contracts Interst Rate swaps / Foreign currency options / Forward sale contracts .2 36.791 .16.2 36.128.15.559 686.000 686.2 36.2.(Rupees in ’000) ----------------------------------------------------Financial assets measured at fair value .500.501 - 179.598 187.367.174.598 - .328 .850 15.590.Investments - Government Secrurities (Tbills + PIBs + Sukuks) Sukuk Bonds (other than government) Equity securities traded (Shares) 8.2 36.850 .789 .Advances .187.187. 36.244.Sukuk Bonds (other than government) .722.325.187.370.345 387.

337.98% 2014 Internal Income Net mark-up / return / interest income Non mark-up / non interest income Operating income Non mark-up / non interest expenses Internal non mark-up / non interest expenses Operating profit before provisions and taxation Direct write-offs / provisions against non-performing loans and advances .424 21.097.575 3.net of recoveries Provision for diminution in the value of investments .744.121.631) 660.476.333.66% 3.110 (4.696.800.888 48.513.718 ) 23.191 389.079 22.419 1.079 16.271) 1.802 11.860 128.856 478.462.478 469.590 12.382.43% 2.985 21.997 9.516.970.763 14.375 ) 22.479.098 105.469.042.024.094 15.774 8.239.893.620 46.89% 313.025 1.873 28.848 21.895 3.332 8.408 11.186 2.729 5.176.326 670.212.478 3.net of recoveries Provision for diminution in the value of investments .397. The management reviews the business activities of the Bank under the following segments: Corporate and Institutional Clients This includes deposits.705 14.338.(Rupees in ’000) -----------------------------(12. trade.108) 1.435.020 1.019 2.099 645.236.730 (149.151 8.556 2.803 34.823 8.088.378.537 56.691 12.429.564 4.541) 3.750.230.363. It also includes the overall management of treasury of the Bank.392.607.226 7.680 15.598) 3.151 6.918 403.103 3.743.660 80.691 108.477.123) 391.873 3.852.856 31.343.491 15.056.585.307.379.97% (13.178 3.145 (104.650 13.491 20.336 17.605 191.543 13.849 4.913 12.303 9.565 108.501 30.31% 3.43% 377. FX options and interest rate swaps.714.718 253.767.066 5.512 432.372 24.017.559.183 44.243 865.095.30% 2.563 95.702.942.393 32.905.689 348.789.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 37 SEGMENT DETAILS WITH RESPECT TO BUSINESS ACTIVITIES Segment analysis with respect to business activity 2015 Internal Income Net mark-up / return / interest income Non mark-up / non interest income Operating income Non mark-up / non interest expenses Internal non mark-up / non interest expenses Operating profit before provisions and taxation Direct write-offs / provisions against non-performing loans and advances .809 75.527.39% 6.268.819.Segment provisions) ** Segment cost of funds have been computed based on the average balances.831 475.925.71% 3.688 15.000 239.03% 3.394 35.014.863.012 8.183 7.176 14.244 ) 2.093 329.641 -0.516.384.081 556.677 4.409 75.416 4.694 74.552.net Profit before taxation Other segment items: Depreciation of tangible fixed assets Amortisation of intangible assets Segment assets (gross) Segment non performing loans Segment provision required Segment liabilities Segment return on net assets (ROA) (%) * Segment cost of funds (%) ** 14.797.055 9.073 (1.372.251 4.232.450.619 142.349.729 10.928. 74 Standard Chartered Annual Report 2015 .107 5.579 3.894 9.154) (45.730.364.363 493.474.32% 5.55% 4. The products include FX forwards.462.321.042.068. which entails various cash and interest risk management products for customers.529.905 (3.246.089.792.408 * Segment ROA = Profit before tax / (Segment assets .124 29.410 365.448 74.048.776 23.018.710 7.150 7.117 3.744 (1.net Profit before taxation Other segment items: Depreciation on tangible fixed assets Amortisation on intangible assets Segment assets (gross) Segment non performing loans Segment provision required Segment liabilities Segment return on net assets (ROA) (%) * Segment cost of funds (%) ** Corporate and Commercial Retail Total institutional clients clients clients -----------------------------.188 424.431 20.733 4.245.697 (138.183 8.76% 6.676 385.42% 19. advisory services and other lending activities for corporate and financial institutions.58% 2.

1 38.739.1 Financial statements and notes Group Nostro balances with other subsidiaries and branches of the holding company Overdrawn nostro balances with other subsidiaries and branches of the holding company Vostro balances of other subsidiaries and branches of the holding company Placements with other subsidiaries and branches of the holding company Deposits of group company Due from group companies Due to holding company Due to group company Due from other subsidiaries and branches of the company Interest receivable from group companies Inter-company derivative assets Inter-company derivative liabilities Other receivables .892 337.183. Retail Clients Wealth management.1 131.559 33.508 24.069 202 31.301 214. The Bank also provides advances to employees at reduced rates in accordance with their terms of employment. key management personnel.834 1.203 190.601 198.606 - 17.Interest rate swaps .125 - 38.131 4.112 - 68.128 14.1 38.621.540. ultimate parent company.1 38.956 438.074 138.683 693. its other subsidiaries and branches and bank's subsidiaries.046. employees' retirement benefit funds and other associated undertakings. 38 RELATED PARTY TRANSACTIONS Related parties comprise of Standard Chartered Plc.906 3.025) 101.434 4.574 38.) for priority and small business clients..275 496.1 38.FX options .459.814 2.988 7.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Commercial Clients This includes deposits.807 555.253.313.1 116.581 172. secured lending (mortgages.855 32.506 (18. The transactions with related parties are conducted at commercial / agreed terms.689. The transactions and balances with related parties are summarised as follows: OUTSTANDING BALANCES Subsidiaries Deposits of subsidiaries Loans to subsidiaries Accued interest receivable Transaction-related contingent liabilities .620 25.095 2.739 1.870 435.450.705 2.037.716 65 20.079 56.382.085 16.(Rupees in ’000) ------------ 4.347 176.183 453 21.199.Guarantees Other receivables .493 1.572 83.1 121. personal loans etc.675 2.SLA Commision payable Key management personnel Loans and advances to key management personnel Deposits of key management personnel Rent payable Others Loans and advances to customers with common directorship Deposits by staff retirement benefit funds Deposits by customers with common directorship Accued interest receivable against loans and advances to customers with common directorship (Receivable from) / payable to defined benefit plans Receivable from defined contribution plans Transaction-related contingent liabilities .SLA Transaction-related contingent liabilities .442.Letter of Credit Advance receivable 2015 2014 -----------. deposits.342 2.Notional Note 75 .293 113. unsecured lending (credit cards.445 19.087 1.Notional Derivative instruments.624 1. trade.663 4.Guarantees Commitments in respect of forward foreign exchange contracts Derivative instruments.739 1.718 87.958 - 38.802 38.048 74.745 290 6.443 93.420 1.Guarantees Trade-related contingent liabilities . Wealth management and SME discretionary lending activities.949 526.748 7. overdrafts etc).857 8.

018.064 184.214.769 669.445 Subsidiaries 198.151 387.268 4.656 (38.702 5.749 (1.1 2015 2014 -----------.357.775) 4.3 Subsidiaries Mark-up / return / interest earned Mark-up / return / interest expensed Commision income earned Reimbursement of administrative expenses (including rent and other charges) Dividend income Key management personnel Mark-up / return / interest earned Mark-up / return / interest expensed Salaries and benefits Post retirement benefits Remuneration / fee paid to non-exective directors Rent expenses Others Contribution to defined contribution plans .532.218 60.848 ) 373.968 202 8.132.439) 732.162) 121.216 (1.532.512 ) 8.205 4.335 2.264 5.203 Key management personnel 172.991 118.256) 116.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Note PROFIT AND LOSS Group Mark-up / return / interest earned Mark-up / return / interest expensed Fee and commission expense Fee and commission income Reimbursement of executive and general administrative expenses Payment to group company for direct sales services rendered Reimbursement of administrative expenses (including rent and other charges) Net gain / (loss) on inter-company derivatives Royalty expense / (reversal) Dividend paid 26.490 Group companies 76 Standard Chartered Annual Report 2015 .726 (512.1 38.293 777.776 166.471) 87.153 (166.095 693.088 (77.795 647 488.613 873 5.849 7.834 1.414 1.718 14.706 3.026) 25.623.629 82 1.304 1.540 421.397) 131.745 503.753 Net movements in loans and deposits are summarised as follows: Balance as at 31 December 2014 Loans and advances Key management personnel Subsidiaries Others Net disbursement / deposits Net repayments / withdrawals Balance as at 31 December 2015 ------------------------------------------.371 24.419 20.026 27.000 (9.801 3.(Rupees in ’000) ------------ 26.385.628 11.528 8.349.085 37.564 11.239.494 11.534 (86.363 77.693 8.347 Deposits 33.796 234.581 149.745 16.278 4.038 1.435 (2.(Rupees in ’000) ------------------------------------------- 68.745 178.net of payments received Charge for defined contribution plans Net charge / (income) for defined benefit plans Mark-up / return / interest expensed on deposits of staff retirement benefit funds Mark-up / return / interest expensed on deposits of customers with common directorship Mark-up / return / interest earned on advances to customers with common directorship Donation to The Kidney Centre Net gain / (loss) on derivatives Payment made to Central Depository Company of Pakistan Limited Gas charges Miscellaneous income from company with common directorship 38.625 22.588 207.128 15.687 169.715.2 23.967 81.331 (15.349 5.606 28.309 - 30.158 24.431.104.639 184.045) 190.747 28 6.705 2.112 Others 549.747 19.605 349.695 51.

3. The circular requires that the risk weight on all unrated private sector borrowers with aggregate outstanding exposure from financial institutions (both fund-based and non-fund based) of Rs.00% 5.50% 1.07 dated 15 April 2009 requires the minimum paid up capital (net of losses) for all locally incorporated banks to be Rs.50% 10. The deduction from Tier 1 Capital include mainly: i) Book value of goodwill / intangibles. 77 Financial statements and notes Banking operations are categorised in either the trading book or the banking book. balance in share premium account.50% 1.00% 10. which includes fully paid up capital (including the bonus shares). 10 billion on 31 December 2013 and onwards.00% 10. net of liquid assets.2 The previous CEO of the bank was also the member of the Board of this organisation. vii) 50% of investments in majority owned securities or other financial subsidiaries not consolidated in the statement of financial position.50% 7.00% 6. the State Bank requires the Bank to maintain prescribed capital to total risk-weighted assets ratios.00% 10. through its BPRD circular No.00% 10.50% 1.50% Tier 1 10. 38. financial institutions and insurance companies.50% 7.50% 1.50% Moreover.0 billion or above. 31 December 2019 6. - Additional Tier I capital. general reserves.28% 1.10 billion paid up capital (net of losses) by the end of the financial year 2013.28% 11. ii) Deficit on revaluation of available for sale investments iii) Defined-benefit pension fund net assets iv) Reciprocal cross holdings in equity capital instruments of other banks.50% Additional Tier-1 (ADT 1) 2 3 6.00% 10. 39 CAPITAL ASSESSMENT AND ADEQUACY Capital Structure The State Bank of Pakistan through its BSD Circular No. The Bank’s regulatory capital is analysed into three tiers.6 dated 15 August 2013. 02 dated 09 January 2015 issued revised instructions for calculation of risk weight on outstanding exposures against large unrated private sector borrowers. The capital adequacy ratios of the Bank were subject to the Basel 3 capital adequacy guidelines stipulated by the State Bank through its BPRD Circular No.65% 11.65% 1.00% 7.00% 1.00% 2.25% 0. the State Bank. statutory reserves as disclosed on the balance sheet and un-appropriated profits (net of accumulated losses.00% Common Equity Tier 1 (CET 1) 1 1.00% 10.50% 12. The Bank did not have any ADT1 as of 31 December 2015.00% Total Capital 4 . net of liquid assets. with total Tier 1 capital being the sum of CET1 and ADT1 below: - Common Equity Tier I capital.0 billion or above. The paid up capital of the Bank for the year ended 31 December 2015 stands at Rs. if any). These instructions are effective from 31 December 2013 in a phased manner with full implementation intended by 31 December 2019.90% *Capital Consumption Buffer (CCB) 10.50% 6. shall be taken 125% for the year ended 31 December 2015 instead of previous requirement of 115% risk weight on all unrated private sector borrowers with aggregate outstanding exposure from financial institutions (both fund-based and non-fund based) of Rs.25% 10.50% 7.00% 6. .0.00% 10. Under Basel III guidelines banks are required to maintain the following ratios on an ongoing basis: Phase-in arrangement and full implementation of the minimum capital requirements: Year End Ratio 2013 2014 2015 2016 2017 2018 5. v) Investment in mutual funds above a prescribed ceiling.50% 7. Furthermore. and risk-weighted assets are determined according to specified requirements that seek to reflect the varying levels of risk attached to assets and off-balance sheet exposures. which includes perpetual non-cumulative preference shares and share premium resulting from the same. vi) Threshold deductions applicable from 2014 on deferred tax assets and certain investments.90% Total Capital plus CCB *(Consisting of CET1 only) S No.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 38.00% 6.715 billion and is in compliance with the SBP requirement. The raise was to be achieved in a phased manner requiring Rs.50% 7.50% 1. Goodwill and other intangibles are deducted from Tier I capital. 5.

2) Additional Tier 1 capital after regulatory adjustments Additional Tier 1 capital recognized for capital adequacy Standard Chartered Annual Report 2015 2015 2014 -----------.898.090 7. Leverage Ratio Tier-1 Leverage Ratio of 3% is being introduced in response to the recently published Basel III Accord as the third capital standard.165 20.036.539 - - - - .12 %) and Tier-1 capital of Rs. Information on the terms. As at 31 December 2015.751.850 1. Common Equity Tier 1 capital (CET1): Instruments and reserves 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 78 Fully Paid-up Capital Balance in Share Premium Account Reserve for issue of Bonus Shares Discount on Issue of shares General/ Statutory Reserves Gain/(Losses) on derivatives held as Cash Flow Hedge Unappropriated profits Minority Interests arising from CET1 capital instruments issued to third parties by consolidated bank subsidiaries (amount allowed in CET1 capital of the consolidation group) CET 1 before Regulatory Adjustments Total regulatory adjustments applied to CET1 (Note 39.230 6.915 5.453.303 55.953. there has been no material change in the Bank’s management of capital during the year. Bank level disclosure of the leverage ratio and its components has started from 31 December 2015.61 % (2014: 7. financial institution and insurance companies.715.090 9. Further.1.715.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 - Tier II capital includes sub-ordinated debt. exchange translation reserves and impairment allowances that are not held against identified debts.1) Common Equity Tier 1 Additional Tier 1 (AT 1) Capital Qualifying Additional Tier-1 capital instruments plus any related share premium of which: Classified as equity of which: Classified as liabilities Additional Tier-1 capital instruments issued to third parties by consolidated subsidiaries (amount allowed in group AT 1) of which: instrument issued by subsidiaries subject to phase out AT1 before regulatory adjustments Total regulatory adjustment applied to AT1 capital (Note 39. 34.898 million (2014: Rs.882.(Rupees in ’000) -----------38. revaluation reserves on assets.036.618 34.934 33. the bank has a leverage ratio of 6. ii) 50% of investments in majority owned securities or other financial subsidiaries not consolidated in the statement of financial position.547 54.882 million).117.310 38. 33.810.473 20.573. There is a restriction on the amount of impairment allowances that are not held against identified debts upto 1. during transition phase. conditions and other features of the Bank's sub-ordinated debt currently in issue is given in note 16 to these financial statements.016.25 percent of credit risk weighted assets.850 1.456.1. The deductions from Tier 2 include mainly: i) Reciprocal cross holdings in other capital instruments of other banks. The Bank remained compliant with all externally imposed capital requirements through out the year.

185.545 539.663 1.62% 6.365 6.644.000.00% 7.62% 21.044 2.930 6.493 274.25% of Credit Risk Weighted Assets Revaluation Reserves (net of taxes) of which: Revaluation reserves on fixed assets of which: Unrealized gains/losses on AFS Foreign Exchange Translation Reserves Undisclosed/Other Reserves (if any) T2 before regulatory adjustments Total regulatory adjustment applied to T2 capital (Note 39.465 3.951.000 - 2.026.044.652.3) Tier 2 capital (T2) after regulatory adjustments Tier 2 capital recognized for capital adequacy Portion of Additional Tier 1 capital recognized in Tier 2 capital Total Tier 2 capital admissible for capital adequacy TOTAL CAPITAL (T1 + admissible T2) (21+37) 39 Total Risk Weighted Assets (RWA) {for details refer Note 39. 25 26 48 49 50 National minimum capital requirements prescribed by SBP CET1 minimum ratio Tier 1 minimum ratio Total capital minimum ratio (including buffer requirement of 0.29% 16.505.460.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 2015 2014 -----------.(Rupees in ’000) -----------21 Tier 1 Capital (CET1 + admissible AT1) (11+20) 27 28 29 30 31 32 33 34 35 36 37 38 Tier 2 Capital Qualifying Tier 2 capital instruments under Basel III plus any related share premium Tier 2 capital instruments subject to phase-out arrangement issued under pre-Basel 3 rules Tier 2 capital instruments issued to third parties by consolidated subsidiaries (amount allowed in group tier 2) of which: instruments issued by subsidiaries subject to phase out General provisions or general reserves for loan losses-up to maximum of 1.073.769.998 41.00% 10.50% 10.750.29% 6.523 198.1.882.03% - 16.679 207.906 4.547 79 .539 1.25% 5.5} 22 23 24.984 39.431.028 2.07% - 7.956.645.509 5.111 17.000 - - - 555.745.898.62% 17.29% 19.882 6.880 205.974 2.25%) 33.50% 7.00% Financial statements and notes 44 45 46 47 Capital Ratios and buffers (in percentage of risk weighted assets) CET1 to total RWA Tier-1 capital to total RWA Total capital to total RWA Bank specific buffer requirement (minimum CET1 requirement plus capital conservation buffer plus any other buffer requirement) of which: capital conservation buffer requirement of which: countercyclical buffer requirement of which: D-SIB or G-SIB buffer requirement CET1 available to meet buffers (as a percentage of risk weighted assets) 40 41 42 43 34.

1. financial and insurance entities Investments in the capital instruments of banking.825.494 - 205. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the capital instruments of banking.117. financial and insurance entities Cash flow hedge reserve Investment in own shares/ CET1 instruments Securitization gain on sale Capital shortfall of regulated subsidiaries Deficit on account of revaluation from bank's holdings of fixed assets/ AFS Investments in the capital instruments of banking.928.882 20.882 395. remain subject to deduction from tier-2 capital Reciprocal cross holdings in Tier 2 instruments of banking.1.427. remain subject to deduction from additional tier-1 capital Adjustments to Additional Tier 1 due to insufficient Tier 2 to cover deductions Total regulatory adjustment applied to AT1 capital (sum of 23 to 29) - - - - - - - - - - - - - - - - - - - - - * as the Bank does not have Additional TIER 1 Capital. financial and insurance entities that are outside the scope of regulatory consolidation. financial and insurance entities that are outside the scope of regulatory consolidation Portion of deduction applied 50:50 to Tier-1 and Tier-2 capital based on pre-Basel III treatment which.241 205. deduction is made from CET 1 39.934 39.1 Common Equity Tier 1 capital: Regulatory adjustments 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Goodwill (net of related deferred tax liability) All other intangibles (net of any associated deferred tax liability) Shortfall in provisions against classified assets Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) Defined-benefit pension fund net assets Reciprocal cross holdings in CET1 capital instruments of banking.832 31. financial and insurance entities that are outside the scope of regulatory consolidation. financial and insurance entities that are outside the scope of regulatory consolidation (amount above 10% threshold) Deferred Tax Assets arising from temporary differences (amount above 10% threshold.1.804 - - - - - 951.920 274.(Rupees in ’000) -----------------18. during transitional period. financial and insurance entities Investment in own Tier 2 capital instrument Standard Chartered Annual Report 2015 .573.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 39.1 Regulatory Adjustments and Additional Information 2015 Amount 39.3 Tier 2 Capital: regulatory adjustments 31 32 33 80 Portion of deduction applied 50:50 to Tier-1 and Tier-2 capital based on pre-Basel III treatment which.2 Additional Tier-1 & Tier-1 Capital: regulatory adjustments 23 24 25 26 27 28 29 30 Investment in mutual funds exceeding the prescribed limit Investment in own AT1 capital instruments Reciprocal cross holdings in Additional Tier 1 capital instruments of banking.701 77. during transitional period.509 20. net of related tax liability) Amount exceeding 15% threshold of which: significant investments in the common stocks of financial entities of which: deferred tax assets arising from temporary differences National specific regulatory adjustments applied to CET1 capital Investments in TFCs of other banks exceeding the prescribed limit Any other deduction specified by SBP Adjustment to CET1 due to insufficient AT1 and Tier 2 to cover deductions Total regulatory adjustments applied to CET1 (sum of 1 to 21) 2014 Amounts subject to PreBasel III treatment* Amount -----------------.410 - 19.618 1. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the common stocks of banking.

527 2.253.118 Liabilities & Equity Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Liabilities against assets subject to finance lease Deferred tax liabilities Other liabilities Total liabilities 11.047 385.191 21.784.451 327.592 549.1.310 6.932. financial and insurance entities where holding is more than 10% of the issued common share capital of the entity Amounts below the thresholds for deduction (before risk weighting) Non-significant investments in the capital of other financial entities Significant investments in the common stock of financial entities Deferred tax assets arising from temporary differences (net of related tax liability) Applicable caps on the inclusion of provisions in Tier 2 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardized approach (prior to application of cap) Cap on inclusion of provisions in Tier 2 under standardized approach Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach (prior to application of cap) Cap for inclusion of provisions in Tier 2 under internal ratings-based approach 39.1 274.237.253.(Rupees in ’000) --------29.381.764 3.952 5.736 447.784.934.969.018 3.002 26.332.4 Additional Information 2015 44 Risk Weighted Assets subject to pre-Basel III treatment Risk weighted assets in respect of deduction items (which during the transitional period will be risk weighted subject to Pre-Basel III Treatment) of which: deferred tax assets of which: Defined-benefit pension fund net assets of which: Recognized portion of investment in capital of banking.529 - - Balance sheet as in published financial statements 2015 Under regulatory scope of consolidation 2015 -------.447 19.527 2.882 205.906 1. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the capital instruments issued by banking.000 9.528.996 5.401. financial and insurance entities that are outside the scope of regulatory consolidation.405 106.256 411.2 Capital Structure Reconciliation 37 (i) (ii) (iii) (iv) 38 39 40 41 42 43 39.336 11.882 39.566 225.500. financial and insurance entities that are outside the scope of regulatory consolidation Total regulatory adjustment applied to T2 capital (sum of 31 to 35) - 205.482.984.221.969.005 5.509 2014 --------.509 274.963.566 225.005 5.679 - 137.256 137.290 447.205.847.290 453.451 327.784.963.300.850 10.191 21.453.500.453.791 38.784.000 3.736 453.465 1.810.847.934.120 19.047 391.318.952 48.401.455.134 4.237.427.347.(Rupees in ’000) --------- - 1.715.397.347.715.241 - 1.318.528.583.310 6.663 Share capital Reserves Unappropriated profit Minority Interest Surplus on revaluation of assets Total liabilities & equity 38.332.134 4.118 Financial statements and notes Assets Cash and balances with treasury banks Balances with other banks Lending to financial institutions Investments Advances Operating fixed assets Deferred tax assets Other assets Total assets 81 .791 29. financial and insurance entities where holding is less than 10% of the issued common share capital of the entity of which: Recognized portion of investment in capital of banking.2.297 555.943 539.605.850 10.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 34 35 36 Investments in the capital instruments of banking.327 48.482.300.405 106.002 26.996 5.

453.(Rupees in ’000) --------29.118 i 11.969.2. financial and insurance entities exceeding regulatory threshold of which: Mutual Funds exceeding regulatory threshold of which: reciprocal crossholding of capital instrument (separate for CET1.996 - 106.500.663 38.952 - 555.715.582.401.784.963.166.253.453.847.708 3.000 1.934.191 21.969.332.290 3.237.963.410 453.750.708 3.002 26.847.736 26.095.005 5.847.401.120 19.671.528.253.290 3.984.850 10.310 31.405 - a - - b - - c d 106.134 4.482.715.300.047 390.191 21. AT1.906 5.310 6.850 38.095.482.527 2.347.038.750.494 48.850 10.000 1.002 26.118 f ‘ j k l m n o p q r s t u v w x y z aa ab .970 19.005 5.671.566 225.494 48.405 - 29.582 447. financial and insurance entities exceeding 10% threshold of which: significant investments in the capital instruments issued by banking.237.410 447.527 2.205.000 3.000 9.477 2.566 225.347.327 g - - h 951.397.850 38.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Balance sheet as in published financial statements 2015 39.447 7.847.2 Assets Cash and balances with treasury banks Balances with other banks Lending to financial institutions Investments of which: Non-significant investments in the capital instruments of banking.715.784.791 951.310 6.005 10.300.784.952 5.318.631.047 385.318. T2) of which: others Advances shortfall in provisions/ excess of total EL amount over eligible provisions under IRB general provisions reflected in Tier 2 capital Fixed Assets Deferred Tax Assets of which: DTAs that rely on future profitability excluding those arising from temporary differences of which: DTAs arising from temporary differences exceeding regulatory threshold Other assets of which: Goodwill of which: Intangibles of which: Defined-benefit pension fund net assets Total assets Liabilities & Equity Bills payable Borrowings Deposits and other accounts Sub-ordinated loans of which: eligible for inclusion in AT1 of which: eligible for inclusion in Tier 2 Liabilities against assets subject to finance lease Deferred tax liabilities of which: DTLs related to goodwill of which: DTLs related to intangible assets of which: DTLs related to defined pension fund net assets of which: other deferred tax liabilities Other liabilities Total liabilities Share capital of which: amount eligible for CET1 of which: amount eligible for AT1 Reserves of which: portion eligible for inclusion in CET1 of which: portion eligible for inclusion in Tier 2 Unappropriated profit Minority Interest of which: portion eligible for inclusion in CET1 of which: portion eligible for inclusion in AT1 of which: portion eligible for inclusion in Tier 2 Surplus on revaluation of assets of which: Revaluation reserves on Property of which: Unrealized Gains/Losses on AFS In case of Deficit on revaluation (deduction from CET1) Total liabilities & Equity 82 Standard Chartered Annual Report 2015 Under regulatory scope of consolidation 2015 2013 Reference -------.582 452.906 5.791 38.715.262.451 327.336 11.736 26.500.005 10.310 31.134 4.934.262.221.784.528.996 e 555.451 327.

(o) (k) .(ad) .715.016. financial and insurance entities that are outside the scope of regulatory consolidation (amount above 10% threshold) Deferred Tax Assets arising from temporary differences (amount above 10% threshold.915 5.410 - - (j) .(ac) . financial and insurance entities that are outside the scope of regulatory consolidation. financial and insurance entities that are outside the scope of regulatory consolidation.3 Basel III Disclosure Template 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 30 31 32 33 34 35 36 37 38 39 40 Additional Tier 1 (AT 1) Capital Qualifying Additional Tier-1 instruments plus any related share premium of which: Classified as equity of which: Classified as liabilities Additional Tier-1 capital instruments issued by consolidated subsidiaries and held by third parties (amount allowed in group AT 1) of which: instrument issued by subsidiaries subject to phase out AT1 before regulatory adjustments Additional Tier 1 Capital: regulatory adjustments Investment in mutual funds exceeding the prescribed limit (SBP specific adjustment) Investment in own AT1 capital instruments Reciprocal cross holdings in Additional Tier 1 capital instruments Investments in the capital instruments of banking.(q)} * x% (d) (ab) (a) .850 1.(r} * x% {(l) .618 34.898.310 (s) (u) (w) (x) 55.2.494 - (i) Financial statements and notes 23 24 25 26 27 28 29 Common Equity Tier 1 capital (CET1): Instruments and reserves Fully Paid-up Capital/ Capital deposited with SBP Balance in Share Premium Account Reserve for issue of Bonus Shares General/ Statutory Reserves Gain/(Losses) on derivatives held as Cash Flow Hedge Unappropriated profits Minority Interests arising from CET1 capital instruments issued to third party by consolidated bank subsidiaries (amount allowed in CET1 capital of the consolidation group) CET 1 before Regulatory Adjustments Common Equity Tier 1 capital: Regulatory adjustments Goodwill (net of related deferred tax liability) All other intangibles (net of any associated deferred tax liability) Shortfall of provisions against classified assets Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) Defined-benefit pension fund net assets Reciprocal cross holdings in CET1 capital instruments Cash flow hedge reserve Investment in own shares/ CET1 instruments Securitization gain on sale Capital shortfall of regulated subsidiaries Deficit on account of revaluation from bank's holdings of fixed assets/ AFS Investments in the capital instruments of banking.036.(p) (f) {(h) . net of related tax liability) Amount exceeding 15% threshold of which: significant investments in the common stocks of financial entities of which: deferred tax assets arising from temporary differences National specific regulatory adjustments applied to CET1 capital of which: Investment in TFCs of other banks exceeding the prescribed limit of which: Any other deduction specified by SBP Regulatory adjustment applied to CET1 due to insufficient AT1 and Tier 2 to cover deductions Total regulatory adjustments applied to CET1 Common Equity Tier 1 Component of regulatory capital reported by bank (Rupees in '000) 205.453.117.928.090 9.810.882 20.165 18.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 39. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Source based on reference number from step 2 38.(ae) (b) .547 - (t) (m) (y) (ac) 83 .832 31.(af) 951. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the capital instruments issued by banking.

998 41. remain subject to deduction from tier-2 capital Reciprocal cross holdings in Tier 2 instruments Investment in own Tier 2 capital instrument Investments in the capital instruments of banking.880 (g) portion of (aa) (v) 205.547 1.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Component of regulatory capital reported by bank (Rupees in '000) 41 42 43 44 45 46 Significant investments in the capital instruments issued by banking.460. during transitional period.974 2.951.906 4.882 - - (ae) 205.044 2.882 6.185.750.645.998 6.898.644.745.745.998 6. financial and insurance entities that are outside the scope of regulatory consolidation Amount of Regulatory Adjustment applied to T2 capital Tier 2 capital (T2) Tier 2 capital recognized for capital adequacy Excess Additional Tier 1 capital recognized in Tier 2 capital Total Tier 2 capital admissible for capital adequacy TOTAL CAPITAL (T1 + admissible T2) Standard Chartered Annual Report 2015 - Source based on reference number from step 2 (ad) 34. during transitional period.25% of Credit Risk Weighted Assets Revaluation Reserves of which: Revaluation reserves on fixed assets of which: Unrealized Gains/Losses on AFS Foreign Exchange Translation Reserves Undisclosed/Other Reserves (if any) T2 before regulatory adjustments Tier 2 Capital: regulatory adjustments Portion of deduction applied 50:50 to core capital and supplementary capital based on pre-Basel III treatment which.745. financial and insurance entities that are outside the scope of regulatory consolidation Portion of deduction applied 50:50 to core capital and supplementary capital based on pre-Basel III treatment which. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the capital instruments issued by banking. financial and insurance entities that are outside the scope of regulatory consolidation. remain subject to deduction from tier-1 capital Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover deductions Total of Regulatory Adjustment applied to AT1 capital Additional Tier 1 capital Additional Tier 1 capital recognized for capital adequacy Tier 1 Capital (CET1 + admissible AT1) 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 84 Tier 2 Capital Qualifying Tier 2 capital instruments under Basel III plus any related share premium Capital instruments subject to phase out arrangement from tier 2 (Pre-Basel III instruments) Tier 2 capital instruments issued to third party by consolidated subsidiaries (amount allowed in group tier 2) of which: instruments issued by subsidiaries subject to phase out General Provisions or general reserves for loan losses-up to maximum of 1.930 6.000 (n) - (z) 555.546 (af) .

conversion rate If convertible. full or partial If write-down.000 per Certificate Sub-ordinated debt/ liability June 2012 Dated December 31.715. Subsidiaries are included while calculating Consolidated Capital Adequacy ratio of the Bank using full consolidation method.750. specify instrument type convertible into If convertible.1 Scope Of Applications The Basel 3 framework is applicable to the Bank both at the consolidated level and also on standalone basis.4 CAPITAL-ASSESSMENT AND ADEQUACY BASEL III SPECIFIC 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Financial statements and notes Common Equity Tier 1 Common Equity Tier 1 Solo and Group Ordinary shares 38. subject to regulatory approval. permanent or temporary If temporary write-down.75% pa No Mandatory No Cumulative Nonconvertible Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Creditors including Depositors No No Yes Absence of point of non-viability clause 36 37 Coupons / dividends Fixed or floating dividend/ coupon Coupon rate and any related index/ benchmark Existence of a dividend stopper Fully discretionary.4. specify issuer of instrument it converts into Write-down feature If write-down. specify non-compliant features 39. fully or partially If convertible. Market and Operational Risk. at any time after 60th month from the issuance date Not applicable Not applicable Not applicable Not applicable Not applicable Fully Discretionary No Noncumulative Nonconvertible Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Subordinated debt/TFCs Floating 6 M KIBOR + 0. 85 .3 Disclosure template for main features of regulatory capital instruments Main Features 1 2 3 Issuer Unique identifier (KSE Symbol) Governing law(s) of the instrument Common Shares TFCs Standard Chartered Bank (Pakistan) Limited SCBPL Relevant regulations/ laws Standard Chartered Bank (Pakistan) Limited SCBPL Relevant regulations/ laws 9 10 11 12 13 14 15 Regulatory treatment Transitional Basel III rules Post-transitional Basel III rules Eligible at solo/ group/ group & solo Instrument type Amount recognized in regulatory capital (Currency in PKR thousands.850 39. as of reporting date) Par value of instrument Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date. contingent call dates and redemption amount 16 Subsequent call dates. description of write-up mechanism Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 39. conversion trigger (s) If convertible. if applicable 4 5 6 7 8 Tier 2 Ineligible Solo and Group Other Tier 2 (Subordinated Debt) 1.000 PKR 10 per share Shareholders' equity Dec 2006 Perpetual Not applicable No Not applicable PKR 5. The Standardized Approach is used by the Bank for calculating the Capital Adequacy ratio for Credit. write-down trigger(s) If write-down. partially discretionary or mandatory Existence of step up or other incentive to redeem Noncumulative or cumulative Convertible or non-convertible If convertible. mandatory or optional conversion If convertible. 2022 Yes May be called.

gross income is the broad indicator that serves as a proxy for the scale of business operations and thus the likely scale of operational risk exposure within each of these business lines. asset management and retail brokerage. The instrument is structured to redeem in two equal semi-annual instalments of 50% of the issue amount in 2022. the Bank follows the instructions laid down by SBP vide their Circular No. Regular reviews help to ensure that adequate levels of capital and an optimum mix of the different components of capital are maintained by the Bank to support the strategy. The instrument is currently rated at AAA. Collaterals used include: Government of Pakistan guarantees. creditor and market confidence. 08 dated 27 June 2006 with regard to eligibility of collaterals. demand for capital due to business growth forecasts. the Bank issued unsecured. maximising shareholder value and at the same time maintaining investor. The capital charge for each business line is calculated by multiplying gross income by beta factors assigned by SBP to that business line. For calculation of operational risk capital charge. The 'Standardised Approach' is preferred over the 'Basic Indicator Approach' so as to arrive at a capital charge that is reflective of the risks associated with each of the Bank's business lines.5 Capital Adequacy The Bank’s capital management approach is driven by its desire to maintain a strong capital base to support the development of its business. 2. to meet regulatory capital requirements at all times and to maintain good credit ratings. For the purposes of Credit Risk Mitigation under the 'Standardised Approach'. trading and sales.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 39. 86 Standard Chartered Annual Report 2015 . The capital position is reviewed and monitored by the Asset and Liability Committee (ALCO) of the Bank.4.500 million by way of private placement.2 Capital Structure During 2012. This is integrated with the Bank’s annual planning process that takes into consideration business growth assumptions across products and business segments and the related impact on capital resources. agency services. the Bank adheres to the calculation of capital requirements for credit. margins / liens and saving certificates. The instrument is classified as a liability and is subordinated to payment of principal and profit to all other indebtedness of the Bank. valuation and management. For credit risk. The instrument is also subject to a lock-in clause meaning neither principal nor profit may be paid (even at maturity) if such payment means that the Bank falls below or remains below its minimum capital requirements.6 to these financial statements. the Bank reduces its exposure under that particular transaction by taking into account the risk mitigating effect of the collateral for the calculation of capital requirement. The ECAIs used for rating various types of exposures are tabled in note 39. subordinated TFCs of Rs. The Bank's operations are mapped into these eight business lines as per the criteria laid down by SBP vide Circular No 08 dated 27 June 2006. available supply of capital and capital-raising options For calculation of Capital Adequacy Ratio. The instrument was issued at 0. forecasted demand for capital to support credit ratings and as a signalling tool to the market. The Bank calculates its capital requirement for market risk in its portfolio. The Bank uses reputable and SBP approved rating agencies (ECAIs) for deriving risk weights for specific credit exposures. retail banking. Inter-group guarantees. These are consistently applied across the Bank's credit portfolio for both on and off balance sheet exposures. on any profit payment date after the 60th month from the issuance date. The following matters are taken into account while reviewing the Bank's capital position: a) b) c) d) current regulatory capital requirements and our assessment of future standards.75% above KIBOR to support the capital base of the Bank and is for a tenor of 10 years. The Bank may however call the TFC subject to prior approval of the State Bank. based on the methodology provided by SBP which takes account of specific and general market risk capital charge for interest rate risk using the duration method. the Bank uses the 'Standardized Approach'. including deposits For further details of the capital instrument currently part of Tier 2 capital. please refer Note 16 39. payments and settlement. Beta serves as a proxy for the industry-wide relationship between the operational risk loss experience for a given business line and the aggregate level of gross income for that business line. market and operational risk as per the guidelines of SBP. commercial banking. Where a transaction is secured by an eligible collateral and meets the eligibility criteria and minimum requirements as laid down by SBP. the business activities of the Bank are divided into eight business lines: corporate finance. Within each business line. The total capital charge is calculated as the three-year average of the simple summation of the regulatory capital charges across each of the business lines in each year.

478 87.788.711 3.919 2.813 124.349.135 400.50% 7.395 856.553 12.425 278.735 1.00% 7.398 565.193.193.938 919.108.600 546.777 221.645 49.29% 16.445. 5 of 2010 dated 5 October 2010 with regard to credit ratings to be used.920.483 334.07% Corporate Banks Sovereigns JCR .454.426 15.440 145.350 88.883 108.628.804 17.461.666. vide BSD Letter No.237 1.280 882.686 14.558 2. 8 of 2006 dated 27 June 2006.804 1.945 87. 09 of 2007 dated 24 August 2007.776 902.788 1.769 8.904.598 146.566.857 27.864 146.457.179.395 628.50% 10.802.200 4.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 The capital requirements for the major risk categories are indicated below:Capital Requirements Credit Risk Portfolios subject to standardized approach (Simple) Cash & cash equivalents Sovereign Public Sector entities Banks Corporate Retail Residential Mortgages Past Due loans Operating Fixed Assets Other assets Off-Balance sheet Non-market related Loan Repayment Guarantees Performance Bonds etc.771 596.385 8.939 2.963.659.660 14.772 5.558.292 327.657. These are as follows: 87 Financial statements and notes Capital Requirement for operational risks .25%) 39.026.217.29% 19.071 90.564.708 6.25% 17.192. BSD/BAI-2/201/1141/2009 dated 2 December 2009 and vide BSD Circular No.006.886.952 14.801.926 2.685 1.586.918 2.084.398 1.686 17.005 5.679 207.999 47.03% 5. vide BSD Circular Letter No.770 11.604 1.794 6.255 1.037 11.127.62% 21.661.00% 10.435 21.814.044.290.62% 17.282.394 29.881 10.845 15.908. Stand By Letters of Credit Market related Equity Exposure Risk in the Banking Book Listed Unlisted Risk Weighted Assets 2015 2014 2015 2014 ------------------------.660 176.894.278.686 9.977 64.462.077.795.892 217.149 35.950 870.115 3.250 48.856 64.036 5.876 12.765.111 Market Risk Capital Requirement for portfolios subject to Standardized Approach Interest rate risk Equity position risk Foreign Exchange risk Operational Risk TOTAL Capital Adequacy Ratio CET1 to total RWA Tier-1 capital to total RWA Total capital to total RWA (including buffer requirement of 0.598 189.956.148.450 19.980. issued vide BSD Circular No.467.6 Types of exposures and ECAI's used 2015 2014 Required Actual Required Actual 6.923 146.986 782.407.669 20.(Rupees in ’000) -----------------------6.VIS PACRA STANDARD AND POORS MOODY'S FITCH The Bank adheres to the mapping instructions issued by SBP on the Revised Regulatory Capital Framework under Basel II.346 4.838 3.00% 16.611 198.643 4.299 78.748 156.567 10.864 176.351 4.277.493 266.019.077 1.

Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 LONG-TERM RATING GRADES MAPPING Risk Weightage 20% 50% 100% 100% 150% 150% Standard & Poors Ratings Services Moody’s Investors Service Fitch Ratings PACRA JCR VIS AAA Aaa AAA AAA AAA AA+ Aa1 AA+ AA+ AA+ AA Aa2 AA AA AA AA- Aa3 AA- AA- AA- A+ A1 A+ A+ A+ A A2 A A A A- A3 A- A- A- BBB+ Baa1 BBB+ BBB+ BBB+ BBB Baa2 BBB BBB BBB BBB- Baa3 BBB- BBB- BBB- BB+ Ba1 BB+ BB+ BB+ BB Ba2 BB BB BB BB- Ba3 BB- BB- BB- B+ B1 B+ B+ B+ B B2 B B B B- B3 B- B- B- CCC+ Caa1 CCC+ CCC+ CCC+ CCC Caa2 CCC CCC CCC CCC- Caa3 CCC- CCC- CCC- CC Ca CC CC CC C C C C C D D D D SHORT-TERM RATING GRADES MAPPING Risk Weightage 20% Standard & Poors Ratings Services Moody’s Investors Service Fitch Ratings PACRA JCR VIS A-1+ P-1 F1+ A-1 A-1 A-1 A-2 P-2 F2 A-2 A-2 100% A-3 P-3 F3 A-3 A-3 B NP B Others Others 150% B-1 C B-2 D B-3 C 88 F1 50% Standard Chartered Annual Report 2015 .

credit MIS and controls. The Pension Executive Committee. the Bank seeks to manage efficiently the core risks: credit. The Bank takes account of its social responsibilities and its commitment to customers in taking risk to produce a return. operational risk. Accountability Risk is taken only within agreed authorities and where there is appropriate infrastructure and resource. country. Ultimate responsibility for the effective management of risk rests with the Company’s Board of Directors. securities and derivative exposures. and liquidity risks. security documentation. The ERC is also delegated down by the BOD responsibility to delegate credit authorities to independent Risk Officers. ALCO. controlling. The day to day responsibility for managing risk rests with CCRO who oversees and manages the risk through a team of managers. operational risk and reputational risks are normal consequences of any business undertaking. Responsibility Given the Bank is in the business of taking risk. The Bank has established policies. RISK MANAGEMENT Through its risk management structure. is responsible for management of the Bank's liquidity. and controls and have provided the Risk team adequate support by way of risk systems and tools for measuring and reporting risk for monitoring. procedures. through authority delegated by the Board through the Bank’s Executive Committee. compliance risk and regulatory risk. These arise directly through the Bank’s commercial activities whilst compliance and regulatory risk.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 40. consistent with the approved strategy. with strength in depth. The CEO and the Executive Committee in turn rely on CCRO and the Risk Committee to determine these and recommend for their support and Board's approval. is responsible for credit risk. Head of Special Assets Management responsible for remedial risk management. All risk taking must be transparent. it is everyone’s responsibility to ensure that risk taking is both disciplined and focused. Anticipation The Bank looks to anticipate future risks and to ensure awareness of all risk. trade finance. Acting within an authority delegated by the Board. through authority delegated by the Board through the Bank's Executive Committee is responsible for management of pension risk. experience across risk types and economic scenarios. through authority delegated by the Board through the Bank’s Executive Committee.1 Credit Risk Credit risk is the risk that a counter party will not settle its obligations in accordance with agreed terms. Senior Credit Officer responsible for credit risk in Corporate & Institutional Clients and Commercial Clients. legal risk and reputational risk. controlled and reported. Risk management The Bank aims to implement best practices and have a specialist risk function of international standards. Risk should be taken within the Bank's risk appetite. 89 Financial statements and notes ERC headed by Country Chief Risk Officer (CCRO). market risk. the Executive Committee reviews specific risk areas and monitors the activities of the Executive Risk Committee (“ERC”) and the Asset and Liability Committee (“ALCO”). operational. processes. arising from interest and exchange rate movements and Head of Operational Risk responsible for enterprise wide operations. capital adequacy and structural foreign exchange risk. Competitive Advantage The Bank seeks to achieve competitive advantage through efficient and effective risk management and control. Credit exposures may arise from lending. . Head of Credit Risk Controls responsible for collateral management. Head of Market Risk responsible for liquidity risk and risks associated with price movements. reviewing and managing risk. Country Credit Head responsible for credit risk in Retail Clients. Credit exposures include both individual borrowers and groups of connected counterparties and portfolios in the banking and trading books. 40. Any such risks are avoided which have a material probability of causing financial distress to the Bank or its clients or customers. market. The basic principles of risk management followed by the Bank include: Balancing risk and return Risk is taken in line with the requirements of the Bank’s stakeholders. The Board of Directors has delegated down the authority to ERC through the Bank’s Executive Committee to establish risk appetite and make recommendations to the Board for approval of risk appetite and policies for managing credit risk.

90 Standard Chartered Annual Report 2015 . Commercial Clients and Retail Clients are determined at the Senior Credit Officer and Country Credit Head levels for their respective jurisdictions with specific policies and procedures being adapted to different risk environments and business goals. with customers analysed against a range of quantitative and qualitative measures. industry concentrations and product concentration. the adherence to which is managed by the Executive Risk Committee (ERC). Specific procedures for managing credit risk within Corporate & Institutional Clients. a alpha numerical risk grading system is used for quantifying the risk associated with a counter-party. which are processed in central units for different products and market segments. which are approved by the Board once recommended. Portfolio review. and supported by the Executive Committee. Credit concentration risk is principally managed based on three components: single name borrower exposure. 40. There is a clear segregation of duties with loan applications being prepared separately from the approval chain. program based standard credit application forms are generally used. credit grade determination and financial spreading / ratio analysis. Credit concentration risk is governed by specific policy. Early Alerts and Stress Testing based on scenario analysis is a combined responsibility of Client Relationship and Risk and Finance function.2 Retail Banking Clients For Retail Banking. Expected Loss is used for further assessment of individual exposures and portfolio analysis. Credit analysis includes review of facility details.1.1 Corporate and Institutional and Commercial Banking Clients Within the two business segments. The grading is based on a probability of default measure. Commercial Clients and Retail Clients segments. In addition to the SBP specified prudential limits on single or group exposures. Client relationship origination and credit approval roles are clearly segregated throughout Corporate & Institutional Clients.1.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Credit risk appetite is established through business strategy papers and underwriting standards by the business managers. 40. limits are also established by the CCRO and approved by CRC in line with the Credit Reference Level framework (“CRL”). Retail Banking Analytics team has developed Bureau scores and uses Bureau data for portfolio monitoring and for underwriting new business.

347 101.909 11.987 1.020 0.074 3.94 1.00 3.02 16.74 - 639.932.990.597.05 0.301.74 18.917 3.733.118.714 10.44 0.43 3.393 1.814 2.95 100.735 3.153 94.193 88.72 6.301 - 13.188.675 3.348.140 5.803.21 - 8.15 0.658 26.36 0.00 14.830 4.37 1.937 824.279.39 0.76 1.25 3.00 23.690 304.114 805.03 3.641 4.831.41 21.294 38.670 1.788 2.302 225.158 207.181 203.266 32.66 18.273.35 13.55 29.941 16.70 3.918.99 0.91 20.161 1.41 0.076 1.893.400.048 62.67 29.38 0.424.843.204 1.906.59 0.184.043.500 43.82 - 4.185 4.059 12.51 100.73 2.730.70 20.407.46 1.367 1.390 4.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 2015 40.26 - 1.62 0.094.27 2.805 1.496 0.63 0.283 68.582 1.197 3.503.780 22.38 2.809 15.702 12.819 - 9.00 0.607 7.040.278 922.968.033.400 0.02 42.555.03 66.926 2.439 44.31 1.07 0.899.972.337.87 13.209.120 0.054 0.02 0.443.777 16.Gross (Rupees in '000) Chemical and pharmaceuticals Agri business Textile Communication Insurance Telecommunications and information technology Cement Sugar Automobile and transportation equipment Transportation Financial Electronics and electrical appliances Production and transmission of energy Shoes and leather garments Individuals Others Contingencies and Commitments Deposits Percent (Rupees in '000) Percent (Rupees in '000) Percent 14.63 0.139.460.525 20.301.458 2.360.04 - 6.988 2.616 128.556.00 4.95 43.302 3.71 2.753.500 149.73 0.72 5.572 273.415 93.14 1.558 1.06 - 4.91 4.012 25.789.243 266.174 0.97 7.85 10.00 9.394 4.062 327.20 0.41 1.26 3.94 0.46 1.103.763.030 0.Gross Contingencies and Commitments Deposits (Restated) (Rupees in '000) (Rupees in '000) Percent (Rupees in '000) Percent 13.343 57.527 3.366 212.05 0.48 0.19 1.822 - 9.388 2.149 150.070.44 100.988 5.224.00 175.229 4.02 64.326 1.993.74 5.83 0.218.338 66.86 0.090.58 3.773.063.568.868 1.546.3 Segment by Class of Business Advances .53 929.432.171 37.725 7.237.668 4.757.00 2014 Advances .57 100.755.06 0.256.517.828 447.652 - 11.359.095.46 4.316 4.927 12.497 1.26 0.75 100.149.89 0.619 914.153 2.446.842 1.178.192 645 20.506.914.587.67 0.879.204.670.81 0.440 1.00 91 Financial statements and notes Chemical and pharmaceuticals Agri business Textile Communication Insurance Telecommunications and information technology Cement Sugar Automobile and transportation equipment Transportation Financial Electronics and electrical appliances Production and transmission of energy Shoes and leather garments Individuals Others Percent .14 0.1.755.46 3.43 8.491.72 12.11 100.400 0.07 2.

503.441 327.210 14.390 100% 2014 Advances (Rupees in '000) Public / Government Private 6.791 61.567.015 5.617 16.1.804 14.326 202.00% 100% 101.352.673 23.4 Details of Non-performing Advances and Specific Provisions by Class of Business Segment 2015 Specific Classified Specific Provision Advances Provision held held ---------------.237.62% 98.733 20.800 143.795.527 % (Rupees in '000) % 1.668 1.332 2014 Profit Total Net assets Contingencies before assets employed and taxation employed commitments ---------------.983 5.939 155.812 23.44% 83.018.320 24.535 2015 Advances (Rupees in '000) Public / Government Private 2014 Classified Advances 5.167.259 150.769 299.018.1.563 409.830 128.059 Contingencies and Commitments Deposits % 4.563 49.347.1.566.812 306.517.619 447.384.883 60.950.714 Contingencies and Commitments Deposits % 4.945.344 20.733 306.00% 98.107 15.910.568 7.617 16.799.295.872.791 61.997 302.379 2.414.090.884 122.049.830 161.899 304.960.229 100% 2014 Classified Advances Public / Government Private 40.500 13.11% 95.812 23.567.095.563 409.452 .5 Segment by Sector 239.301.347.086 323.910.7 Geographical Segment Analysis Pakistan Pakistan 92 Standard Chartered Annual Report 2015 Specific Classified Specific Provision Advances Provision held held ---------------.455 94.17% 0.34% 95.883 60.416 40.734.910.609 402.902 14.500 11.619 447.56% 88.845.823.1.902 13.950.715.(Rupees in ’000) ----------------24.757.804 14.(Rupees in ’000) ----------------15.384.715.999 6.107 15.83% 101.960.018.792.416 20.230.040.400 49.000 5.416 20.535 24.704.772 20.230.(Rupees in ’000) ----------------83.326 202.960.332 15.253.197.114.999 7.89% 100% 40.517.379 1.376.119.38% 100% 2015 (Rupees in '000) % 4.733 20.452 83.105 14.095.997 502.390 100.549 291.535 2015 Profit Total Net assets Contingencies before assets employed and taxation employed commitments ---------------.568 7.455 94.6 Details of Non-performing Advances and Specific Provisions by Sector (Rupees in '000) % 4.229 94.845.049.(Rupees in ’000) ----------------- Chemical and pharmaceuticals Agri business Textile Footwear and Leather garments Automobile and transportation equipment Financial Production and transmission of energy Telecommunication Individuals Others 239.66% 100% (Rupees in '000) 3.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 40.095.557.

137.477 ) (229.119.837.678.194 ) (192.668.986 ) (707.677 35.618 345.809.598.537.682 367.657. 40.772 51.459 (48. Market Traded Credit Risk approves the limits within delegated authorities and monitors exposures against these limits.041 21.606 5.459.(Rupees in ’000) ----------------------------Pakistan rupee United States dollar Great Britain pound Euro Swiss Franc Japanese yen Others Assets .477 ) 2.907 ) (3.632 ) (700.844 25.601 25.189 ) 22.601 5.425 283.404. who agrees policies and procedures and levels of risk appetite in terms of Value at Risk ("VaR").837.021.380.414 ) 3.1 Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates. 93 Financial statements and notes Net foreign currency exposure ----------------------------.727 ) - 84.079 4.497.110 ) (67.191.081 ) (1.758. independent stress testing of portfolios.134 (3.621.678 (722.706 2014 Liabilities 325.218 (739.419 ) (54.804 1.3.226.086 52.794 Off-balance sheet items 42.425 ) (54.388 380.3 Foreign Exchange Risk 2015 Assets Pakistan rupee United States dollar Great Britain pound Euro Swiss Franc Japanese yen Others Liabilities Off-balance sheet items Net foreign currency exposure ----------------------------. as well as VaR and other market risk limits.642.767 ) 5.995.350 27.432 (56.393.676 ) (603.047 21.220.701.2 The management sets limits on the level of exposure by currency in total which are monitored daily.498.117.167 (49.057.445 ) 19.631 40.808.453 ) (1.669 (229.396 3.444.663 ) 21. Risk models are periodically back tested against actual results to ensure that pre-determined levels of accuracy are maintained.350 19.462 5. and is locally under governance of Country Chief Risk Officer.063 319.123.116 33.(Rupees in ’000) ----------------------------360.2 Market Risk The Bank recognises market risk as the exposures created by potential changes in market prices and rates. 40.676 ) (595.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 40.758.472 25.191.927 ) (3.165 ) (716.668.682 22.055 ) (190. factor sensitivity measures and derivatives are also employed as additional risk management tools to manage and hedge market risk exposures.534.167 95. Policies cover both trading and non-trading books.107 (39.725. In addition to market risk policies. Limits are then proposed by the business within the terms of agreed policy.088 ) 403.3. The Bank has no significant exposure to equity and commodity price risk.142 22.097 34. These are agreed and delegated down by Executive Risk Committee (ERC) under delegated authority from the BOD. Market risk exposures arise primarily from interest rate and foreign exchange related contracts.144 53.502 ) (49.

340.518.586 ) 2.366 16.699 3.006 2.865 735.326.598 22.371.821.002 8.647.696.682 171.648 (27.476 21.598.503 441.963.261 10.976 724.357 1.520 83.998.603.442.529.947) - Over six months to one year - Off-balance sheet financial instruments Forward Lending Interest Rate Swap Foreign Currency option Forward Foreign Exchange Contracts 6.160.301 413.593.735.547.681.837.503.674.901.191 5.388 20.334.775 6.780.500.329.578 23.106 81.855.525 46.005 82.545.789 27.699.09% 327.995.020 4.000 12.735.675.339.906 36.267 (45.401.819.964 137.274 ) Off-balance sheet financial instruments Forward Lending Interest Rate Swap Foreign Currency option Forward Foreign Exchange Contracts 15.968.48% 10.702 188.134 4.976.055.311.474.865.946 106.570 4.904.236 2.640.698 10.992 313.054.849 649.881 11.230.64% 189.328 .152.381 (3.441 - - 176.405 7.363 15.784.411.709 413.681 242.339.442.317 81.90% 2.265 - - - 4.563.893 2.725.408.802.095.696.000 705.695.850.471.245.769.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 40.723 37.733 16.866 5.763) - (141.115 2.362 50.763 (17.830 2.362 50.990 5.661 (27.265.659 477.603.059 57.381 4.470 51.928 126.605 7.130.092 15.851) 69.699 18.763 17.415.113 8.303.747.604.598 1.791 31.096 3.647.002 7.623.955.066 23.130 38.644 21.370 167.090 16.791 367.706 (73.295.678.640 36.763) - 11.505 (141.958.865 959.000 15.450.421.587.587 892.404.824.895.99% 26.181.358 15.000 7.248 2.864 2.802.158 18.295 477.068 685.215 6.960.513 380.946 3.564 37.484.513.771) (2.725.025.520.366 16.865.585.000 6.709 - 146.771.590.595.282 1.328 166.872 9.487 33.782 13.782 837.183 189.928 502.251.255.909.823.606.320.023.644 23.606 16.722.709 30.(Rupees in ’000) ----------------------------------------------------------------------------------------------------------- Over one year to two years Over two years to three years Over three years to five years Over five years to ten years Over ten years - - - - - 20.436.658.475.300.963.922.008 15.606 2.267 955.322.773.382.123.016.907 83.340.366.952.345 387.623.891 42.295 - - Off-balance sheet gap 15.119.500.689 112.318.674.(Rupees in ’000) ------------------------------------------------------------------------------------------------------- - - Over two years to three years Over three years to five years - 8.771) 29.482.513.492.488.581.813 809.625 74.605.63% 21.224 1.170.724.901 16.813.442 955.128.184 6.648 441.416.291.507 1.806 516.363 52.594) 837.850 345.605.794 224.996 10.769.726 5.943 29.897 31.775 1.521.000 - - - Total yield / interest risk sensitivity gap 47.606 2.865 1.966 17.563.751.531 5.231.906 24.342.651 34.959 14.057.939) - (128.895.787 336.665 1.058 164.775 1.600.850 159.440.504 49.377.500.408 ) 4.210 36.631 (58.986.671 2.639 959.080 387.567 348.712.694 364.551.520.767 1.975 3.748 2.283 3.418.50% 304.718.703.990 (1.882.458.893 20.295 477.03% 2.228.372 38.191 1.529.817 757.662.709 56.964 (591.649 (71.645.267 Forward Borrowing Interest Rate Swap Foreign Currency option Forward Foreign Exchange Contracts Cumulative yield / interest risk sensitivity gap 94 Standard Chartered Annual Report 2015 166.080 98.357.668 155.451 5.174.675 37.591 10.481 5.263.377 2.678.514 4.285 38.659 1.605.520.068.625 53.885 4.423 18.301 - Over five years to ten years Over ten years - - 12.104.893 1.357 29.325 29.282 1.781 7.164) 36.120.928.688 65.841.054 (49.794 158.500.254 164.709 3.000 17.113 18.193 31.237.640 36.826 ) 17.091 1.261 1.784.777 (128.345.32% 128.761 ) 13.285 403.197.990 16.582 3.352 1.811.889.032.572 83.142.420 189.642 7.180 3.206 128.835 150.821.593.620 18.507 313.300.850 1.939 ) - 5.655 35.934.770 7.813.767 7.817 757.685 160.410 2.061.21% 17.381.606 166.309.264 81.928 13.329.282 735.784.678.120 3.662.734 12.136.670.020 1.311.996 44.158.282 - - - Off-balance sheet gap 2.152 477.4 Mismatch of Interest Rate Sensitive Assets and Liabilities On-balance sheet financial instruments Assets Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Other liabilities On-balance sheet gap Effective yield / interest rate Total Upto one month Over one month to three months 2015 Exposed to yield / interest rate risk Over three months to six months Non interest bearing financial instruments --------------------------------------------------------------------------------------------------.274.686 44.549.927.915 439.695) 9.690.360 704.784.370 23.363 986.425 100.582 800.401.771.586.702 51.728 810.922.499.352 22.174 (17.367 74.174.79% 106.642 4.357 652.509 - 21.515.367 12.244.414 36.180 21.420 Forward Borrowing Interest Rate Swap Foreign Currency option Forward Foreign Exchange Contracts Cumulative yield / interest risk sensitivity gap On-balance sheet financial instruments Assets Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Other liabilities On-balance sheet gap Effective yield / interest rate Total 2014 Exposed to yield / interest rate risk Upto one month Over one month to three months Over three months to six months Over six months to one year Over one year to two years Non interest bearing financial instruments ----------------------------------------------------------------------------------------------------.101.373 909.975 111.325 336.200 2.713 809.578 80.686 23.644 27.566 10.861.048 36.150 115.969.802 52.980 22.527 166.671 325.559 10.000 216.559 10.100 20.273 ) 29.023.501.968.307 954.631 29.281.249 - - - 1.605 1.464 4.295 - - - Total yield / interest risk sensitivity gap 38.000.513 180.274) (13.02% 225.549.044.533.426 68.367.224.092 35.567 959.834.100.236.009 189.721 35.

Liquidity risk.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 40. represent a stable source of funds. chaired by the CEO.based on contractual maturity of assets and liabilities of the bank In accordance with the guidelines issued by SBP through BSD Circular Letter No. medium term funding requirements and day to day monitoring of future cash flows. 2 of 2013. Fixed / intangible assets are presented on the basis of their depreciation / amortisation schedule. Financial statements and notes 95 .5 Yield / Interest Rate Risk Yield risk is the risk of decline in earnings due to adverse movement of the yield curve. or can only access these financial resources at excessive cost. is responsible for both statutory and prudential liquidity.6 Liquidity Risk The Bank defines liquidity risk as the potential that the Bank either does not have sufficient liquid financial resources available to meet all its obligations as they fall due. These customer deposits. Interest rate risk is the risk that the value of financial instruments will fluctuate due to changes in the market interest rates. 40. The Bank is exposed to various risks associated with the effects of fluctuations in the prevailing levels of market interest rates on its financial position and cash flows. In addition. both short term and structural is monitored through the internal liquidity risk management framework and is managed through the Asset and Liability Committee ("ALCO"). 3 of 2011 and BSD Circular Letter No. The Bank also maintains significant levels of marketable securities either for compliance with local statutory requirements or as prudential investments of surplus funds. key balance sheet ratios. These comprise commitment and wholesale borrowing guidelines.7 Maturities of Assets and Liabilities . which are widely diversified by type and maturity. Banks are required to disclose maturities of assets and liabilities separately for 'contractual maturities' and 'expected maturities'. A range of tools are used for the management of liquidity. The Bank manages this risk by matching the re-pricing of assets and liabilities and off-balance sheet instruments. liquidity contingency funding plans are reviewed periodically to ensure that alternative funding strategies are in place and can be implemented on a timely basis to minimize the liquidity risk that may arise due to unforeseen adverse changes in the market place. A substantial portion of the Bank’s assets are funded by customer deposits made up of current and savings accounts and other deposits. The expected maturities are calculated using three (3) years historical balances and identifying "Core" and "NonCore" balances using monthly volatility analysis. 40. This committee.

840 94.833 348.473 39.575.176 314.475.282.909.620 17.885.830 6.107 49.658.941 1.net 96 38.597 1.317 118.447 26.678.941.720 447.424.751.417 26.367 3.873 211.724.639 41.357 1.795.969.589.552.833 3.520.528 704.503 141.813.950.694 9.631 3.020 2.215.654 2.300.979 60.813.466 146.920 14.540.000 2.100.132 5.209.405 106.837.111 846.663 336.008) 12.201 26.736.949 561.998.845.455 11.634 34.567.934.357.120 385.126 439 69.378 1.850 10.428.261 6.819.248 2.450.123 11.850 8.975 158.497 4.819 17.771.871 40.590.464.072.775 9.482.303 6.595.748 1.002 20.298 12.221.068 6.352.639 91.538.005 5.952 26.244.582 6.715.587 6.963 Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Other liabilities Deferred tax liabilities Net assets Share capital Reserves Unappropriated profit Deficit on revaluation of assets .319 27.560 15.000 19.320 6.221.963.253.114 409.515 74.464 4.464 1.317 79.645 28.317 50.245 34.938 8.301 - - - - - - - - 10.950.239 6.381 27.086.086 47.593 80.398.575.915 2.655 364.763 2.145.179 293.025.900.451 327.173.605 4.996 22.671 304.002 26.044.830 27.905.019 32.300.431 60.728 5.894 82.527 2.790.375 423.177 (197.776.900 2.865 1.976 6.134 4.989.934.317 955.475.389.402.693.600.648 2.401.483 70.290 61.990 3.968.187 15.424.300.490.715.599 1.325 463.059 26.253 (216.942.000 16.608 26.251.191 6.559 22.444 29.559 189.(Rupees in ’000) ------------------------------------------------------------------------------------------------Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Operating fixed assets Intangible assets Deferred tax assets 21.715.098 49.503.059 35.500.799.401.852.982 3.167.502.221.597.087.963 5.827.570.566 225.578 8.563.485.669 1.397.329.883 10.546 799.658.619 1.919.757 2.514 4.844 30.018 5.210 8.537 5.523.800.194 553 107.677 8.920 32.318.563.946 106.159.267 4.634 47.847.561 316.520.850 3.442 16.671 325.370 128.519 ) (425.net 38.784.452 5.715.000 2.266.665 1.953.962 13.500.518.261 6.980 22.301 21.131 3.283.181.400.595.817 12.868.894 36.835.470 32.397 13.488 5.401.120.239.428 45.605 17.537.517 5.541 140.482.728 13.345 387.606 11.336 61.593.191 21.107.283.239) 9.013 846.596 299.690 659 17.267 9.248 2.345 387.517 757.660 45.549.453.377 102.047 3.412.452 Standard Chartered Annual Report 2015 .245.668 2.224.763 309.727.814.681 242.047.983.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 2015 Over ten Over three Over five Over two Over six Over one Over three Over one years to years years to years to year to months to months to month to ten years five years two years three years six months one year three months -----------------------------------------------------------------------------------------------.211 5.123 Over three months to six months Over six months to one year Over one year to two years Over two years to three years Over three years to five years Over five years to ten years Over ten years Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Other liabilities Deferred tax liabilities Net assets Share capital Reserves Unappropriated profit Surplus on revaluation of assets .042.340.517.549.519 90.283.310 6.576.066.347.553 26.500.823.590.134 4.256 441.072.326.000 871 2.377 1.169 2.759 871 765.979.016 5.466 25.109.416.377 1.838 1.596.078 12.268.411 218.022.741.(Rupees in ’000) ------------------------------------------------------------------------------------------------Total Assets Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Operating fixed assets Intangible assets Deferred tax assets Upto one month 29.517.595.237.837 176.975 88.399 1.593 1.332.278 11.455 2014 Total Upto one month Assets Over one month to three months -----------------------------------------------------------------------------------------------.207.565 1.476.236 1.113 2.049 1.871.128 39.500.222.126.352 34.774 304.925 336.791 29.709.725.915 121.757 2.120 3.043.367 4.929 33.120 4.625 158.893 15.772.258.181.594 19.389 12.898 5.165.564 220 119.784.794 2.392 846.414 3.598.

248 15.063 2.686 ) 82.120 4.261 6.963.198 1.655 213.950.528 704.120 12.559 189.087.772.580 121.503.593 1.809 ) 74.538.466 29.475.941.377 1.net 29.370 128.105 3.747 2.675.132 18.751.482.401.291 4.996 22.949 213.566 225.047 3.613 24.552.582 6.595.598.209.791 29.514 13.813.715.000 2.191 6.975 158.455 2014 Total Upto one month Assets Over one month to three months Over three months to six months Over six months to one year Over one year to two years -----------------------------------------------------------------------------------------------.325 463.131 3.947 15.120.000 871 2.336 61.452 97 Financial statements and notes Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Operating fixed assets Intangible assets Deferred tax assets .605 17.400.990 218.378 1.919.377.775 9.367.622 1.303 6.634 62.400.715.049 1.827.298.595.597 5.769 2.431 60.757 2.450.237.834.063 8.232 1.589.807 2.799.052 36.043.402.447 26.283.893 17.634 34.345 387.068 6.473 39.813.763 2.942.567.606 16.715.665 16.763 309.976 6.221.963 21.553 26.502.706.900.952 26.412.424.317 129.519 (425.352.784.142.428 10.261.(Rupees in ’000) ------------------------------------------------------------------------------------------------Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Operating fixed assets Intangible assets Deferred tax assets Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Other liabilities Deferred tax liabilities Net assets Share capital Reserves Unappropriated profit Surplus on revaluation of assets .819 17.500.786.300.599 1.503 141.176 314.910 1.317 79.282.830 27.541 140.513.850 8.300.399 1.818 6.923 (8.670.356.900 2.919.based on expected maturity of assets and liabilities of the bank 2015 Total Upto one month Assets Over one month to three months Over three months to six months Over six months to one year Over one year to two years Over two years to three years Over three years to five years Over five years to ten years Over ten years -----------------------------------------------------------------------------------------------.267 4.692.310 6.317 11.837.080.108.648 2.833 3.(Rupees in ’000) ------------------------------------------------------------------------------------------------- Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Other liabilities Deferred tax liabilities Net assets Share capital Reserves Unappropriated profit Deficit on revaluation of assets .318.660 48.479 88.047.103.455 11.693.491.328 222.873 211.326.451 327.315.042.934.565 1.301 21.920 40.181.559 22.608 26.152 ) 336.244.114 80.500.563.564 220 84.402.865 1.669 1.797 24.424.000 16.759 871 765.654 2.352 34.005 5.727.590 (160.500.357 1.517.278 11.213 43.123 11.595.840 94.597 1.847.920 32.850 10.795.897 35.164 12.245.191 21.871 40.728 13.201 26.587 36.520.605 4.066.992.114 409.452 38.776.401.221.266.590.416.544.315 3.720 447.483 70.898 5.123 Over two years to three years Over three years to five years Over five years to ten years Over ten years 38.681 242.962 13.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 40.835.537 5.405 106.837 176.663 60.576.470) 32.392 846.969.019 32.419.414 14.256 441.488 20.239 1.885.963 5.724 84.134 4.345 387.397.134 4.032 29.181.600.464 30.020 2.585 12.397 13.877 26.317 955.002 26.404.830 21.018 5.497 4.300.267 9.518.251.283.942.198 34.616.107.904 22.253.126 439 72.471.059 26.111 222.000 19.639 41.476.210 8.464.833 348.561 41.258.725.190.576.923.225.757 2.575.000 2.563.670 1.684 30.946 106.120 385.013 846.482.527 2.290 61.582.381 27.968.784.500.800.8 Maturities of Assets and Liabilities .671 325.863.979 60.319 32.169 2.194 553 68.520.570 3.248.356 299.002 20.591.109.466 146.989.016 5.671 304.283.347.578 13.126.138 12.570.546 799.690 659 22.167.668 2.428.432 9.620 17.594 29.485.094.950.755 32.549.107 51.883.639 120.645 30.539 9.179 32.728 5.229 8.184 (92.261 6.145.301 10.678.575.417 26.631 3.560 45.375 423.852.384 2.173.300.224.749.883 5.574.517 5.050 29.715.377 1.775.517.993.475.453.590.623.442 25.159.320 6.053.809.774 43.593.625 158.658.100.382.398.510.540.net 10.959.

899) 2.020 4.9 Operational Risk Operational risk is the risk of a direct or indirect loss being incurred due to an event or action arising from the failure of technology.1.813.570 33.644 537. The Country Operational Risk Committee ("CORC") has been established to ensure that an appropriate risk management framework is in place at a grass root level.627.592.457 4.186 1.462.005 43. Significant issues and exceptions are reported to CORC and are also picked up by the independent Risk function for discussion at the Country Risk Committee chaired by the CCRO.208 10.709.958.134 4.768 268 36.000 4.208 . The CORC is chaired by the CEO.028.856 51.069 48.585 1.915 865.184 612.437. self-compliance assurance and internal audits also form an integral part of the operational risk management process.229.681. and to report.385. social.682 1.1 Liabilities Bills payable Due to Financial Institutions Deposits and other accounts Current Accounts Saving Accounts Term Deposits Others Deposit from Financial Institutions -Remunerative Deposits from Financial Institutions-Non-Remunerative Due to Head Office Other liabilities Net Assets Represented by: Islamic Banking Fund Unappropriated/ Unremitted profit Surplus / (deficit) on revaluation of assets .272.020 13.1 Balance Sheet Note 2015 2014 -----------.117 1.362 221.023 4.023 24. and CCRO is an active member of this forum.522.516 147.059 21 9.461 13.036 4.440. processes.776.736.071 4.092 4.527 11. All business units within the Bank monitor their operational risks using set standards and indicators.877 (10. 41 ISLAMIC BANKING BUSINESS The Bank is operating with 10 Islamic Banking branches at the end of current period (December 2014: 10 branches).842 3.723. 41.007 4. personnel and impact of external events.161 2.000 4.322. Disaster recovery procedures.820 37.516 5.154 200.132 29. ethical and environmental risk.318 265.459. infrastructure.095) 2.582 47.136 46.445.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 40.320.567 22.816.523.232 (3.417 2.284.233 39.605.154 8.816.413.net CONTINGENCIES AND COMMITMENTS Remuneration to Shariah Advisor/Board Charity fund Opening balance Additions during the year Payments / utilization during the year Closing balance 98 Standard Chartered Annual Report 2015 2.(Rupees in ’000) -----------Assets Cash and balances with treasury banks Due from Financial Institutions Investments Islamic Financing and Related Assets Operating fixed assets Other assets 41.038 12.066 2. monitor and manage operational.895.879.736.792.517 8.086 11.349. business contingency planning.059 200.567 10.000 117 1.000 22.

492 276.961 2.550.048 856.914 122.1.1.1.742.1.1.466 5.1d 41.1.1.1c 7.582 679 674.2 .492.048 14.179 29.1a 41.895 - 1.369) 1.550.496.492 141.424 4.000 122.1e 41.1.330.295 12.849.1b 2.078 216.649 13.(Rupees in ’000) -----------Murabaha Musharaka Diminishing Musharaka Ijarah Istisna Musawammah Others 41.895 856.362 13.1f 41.492.1e 673.899.1g Others Financings/Investments/Receivables Profit and Loss Note 2015 2014 -----------.1d 1.000.295 3.671.1.334) 2.132 99 Financial statements and notes 41.083.261 4.233 Istisna Financings/Investments/Receivables 41.657 (35.264.837.179 216.078 33.430.179 276.078 Ijarah Financings/Investments/Receivables 41.101.496.175.1f Musawammah Financings/Investments/Receivables 41.895 1.000 1.1.998 9.378.000 141.852 12.1g Diminishing Musharaka Financings/Investments/Receivables 41.649 9.1c 41.474.1b 41.852 13.997 2.053 141.083.722 ) (1.719 940.1.196.1a 41.855 689.914 216.437) 2. commission and brokerage income Other income Total other income Other expenses Administrative expenses Profit before taxation 4.295 Musharaka Financings/Investments/Receivables 41.161.172 123 939.550.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 41.362 476.496.1. investments and placements Return on deposits and others dues expensed Net spread earned Provision against non performing financing Net spread after provisions Other income Fees.479 1.472.417) 3.127 (1.1.492.472.605.758 (193.532 7.582 Murabaha Financings/Investments/Receivables Advances Assets/Inventories 41.025.656.1.914 276.053 476.472.(Rupees in ’000) -----------Profit / return earned on financings.053 856.240 674.000.593.195 (1.492 122.998 12.322.1 Islamic Mode of Financing Note 2015 2014 -----------.490.1.649 14.000.048 476.852 9.742.470) 3.501 (1.362 14.

175 4.385.054 30.942.066 2.066 Profit before tax for the year Less: Dividend income Adjustments for: Depreciation Gain on disposal of fixed assets .846.3 CASH FLOW FROM OPERATING ACTIVITIES 2015 2014 -----------.450 ) (4.435.532 ) (6.000 ) (3.343 ) Appropriation/ payments made to Head office (1.284.286 (1.989 ) (996 ) 3.075.000 ) 384.066 2.532 (4.899.461 million (December 31.839.417 46.(Rupees in ’000) -----------1.719 2.500.524.536.883.145.132 2.981 (679) 35.640 (123) 193.772.462.000 1.152.003) (258.984) (3.000 ) 101.175 ) (2.691 4.536.785 ) (4.015 328.598 (5.132 12.811 ) (1.851 1.422.837.331.000.net of recoveries (Increase) / decrease in operating assets Due from financial institutions Net investments in 'held for trading' securities Advances Other assets (Decrease) / increase in operating liabilities Bills payable Borrowings from financial institutions Deposits and other accounts Other liabilities Cash inflow before taxation Income tax paid Net cash generated from operating activities Net investments in 'available for sale' securities Net investment in fixed assets Net cash used in / (generated from) investing activities Cash and balances with treasury banks Balances with other banks 100 Standard Chartered Annual Report 2015 .441.000.567 2.060.284.385.22.643) 289.000 110.636.580 2.397.445.348 1.14.000 1.15.851 (7.238 5.335) 147.2014 : Rs.183 ) 2.500.net Provision against loans and advances .106 million (December 31.385. Remunerative deposits which are on Modaraba basis are considered as Redeemable Capital and non-remunerative deposits are classified as being on Qard basis.785 ) (2.284.567 2.246 ) 6.038 million).501 2.718 2.837.691 6.567 (3.997 2.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 Deposit and other accounts include redeemable capital of Rs.627.848 11. 41.334 205.725 (4.787 (3.242.284.704.430.623.839.430.066 2.997 1.2014 : Rs.804 million) and deposits on Qard basis of Rs.436.000 ) Net cash used in financing activities Increase in cash and cash equivalents for the year Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year (1.22.

206. IERF Pool Profit rate and weightage announcement period Average return on Pool Assets Bank Profit SBP Profit Bank Profit % SBP Profit % Monthly 7. i) General Depositors Pool Special Depositors Pool Key features and risk & reward characteristics Saadiq Current account is a shariah compliant non-profit bearing transactional account. Mudarabah is partnership where one party gives money to other for investing in a business.888 76.105 380.4 Ijarah Financing Note 2014 -------.947 349.031.470 573.000 Accumulated Depreciation As at 1 January Charge for the year Transfer/ Write offs Deletions 349.206.088 1.99% b) Mudarabah Depositors Pool 1. based on the Islamic banking principle of “Qard”. risks.01% 23. and the Bank (Mudarib) bears the loss of its efforts/services in managing Mudarabah.206. The partner who is providing the money is “Rab-ul-Mal (Investor) and the partner who manages the investment is “Mudarib” (working partner).5 2015 Profit & Loss distribution and Pool Management The Bank manages following assets pools for profit and loss distribution: a) Islamic Export Refinance Scheme (IERS) Musharakah Pool.17% 183.007 458. While Saadiq Savings & Term accounts are Shariah compliant account based on the Islamic principle of “Mudarabah”. and b) Mudarabah Depositors Pool a) IERS Musharakah Pool Key features.406 110.000 - 1. In case of loss.601 553.105 - As at 31 December 729.558 As at 31 December 41. 101 Financial statements and notes Type of Pool .389 57. the same is borne by the depositors in proportion to their investments. rewards and calculation of profit/loss of this pool are in compliance with the SBP IER Scheme and the relevant circulars issued by SBP from time to time.105 Net Book value 476.053 856.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 41. 2.000 1.(Rupees in ’000) --------- Cost As at 1 January Additions during the year Transfer/ Write offs Deletions 1. This profit is shared on the basis of profit & loss sharing as per the pre-agreed ratio between the Bank and the customer. The Bank (Mudarib) invests the funds given by the account holder “ Rab-ul-Mal “ in shariah compliant business to ear profits.895 Future Ijarah payments Not later than one year Later than one and less than five years Total Future Ijarah payments 442.206.000 - 1.842 - 349.

iv) Other information Type of Pool General Special Profit rate / weightage announcement frequency Monthly Monthly Mudarib share (amount in 000) 407.54% 26. Communication. Textile.Notes to the Un-Consolidated Financial Statements For the year ended 31 December 2015 ii) Parameters used for allocation of profit.1 Certain corresponding figures have been re-arranged / reclassified to reflect more appropriate presentation that are not material in nature. Sugar. GENERAL 42. Transport etc. 42. No provision against any non-performing asset of the pool is passed on to the pool except for the actual loss / write-off of such non-performing asset. The ratio for Mudarib and Rab-ul-maal is 50:50 for general pool.12% Average return on deposits 4. Agribusiness. No general or administrative expenses are charged to pools. charging expenses and provisions The profit for the deposit pool is calculated from income earned on all the remunerative assets booked by utilising the funds from the deposit pool and is distributed between Mudarib and Rab-ul-Mal based on declared sharing ratios (before start of every given month).73% 29. Pharmaceuticals. as well as in Government of Pakistan backed Ijarah Sukuks.278 Mudarib Share transferred through Hiba (%) 6. Shazad Dada Chief Executive Officer 102 Najam I.524 39.2 These financial statements were authorized for issue in the Board of Directors meeting held on 03 March 2016.569 Mudarib share (%) 46. where as for Special pool it is 40:60.841 107. Chaudhri Director Standard Chartered Annual Report 2015 Parvez Ghias Director Spenta Kandawalla Director .90% 9.75% Average return on pool assets 7. iii) Deployment of Mudaraba based deposits The deposits and funds accepted under the above mentioned pools are provided to diverse sectors including Cement. Chemical.18% 6.24% 42.30% Mudarib Share transferred through Hiba (Amount in 000) 28.

533 28.528.574. Jail Road.186.698.115 27.240 37.941 39.825.774. Bashir Akhtar 15. First Floor.357.115.014. Lahore.030.356. Center Point.305 39.282 68.999.Deen Road. Awami Complex. Basement.160.873 29.319.112.179 49.264 45.792 53. Nigar Center.974. Near Ghani Ghowrangi. New Garden Town.842.770 30. M Asghar 35202-5484941-9 Sh. Muhammad Arcade.671. Lahore Muhammad Rizwan 35202-9468307-3 Sh. Lahore Asif Saigol 35202-6075434-7 Arif Saigol 35202-9563094-9 Abid Saigol No Longer Citizen Of Pakistan Rafique Saigol Rafique Saigol Rafique Saigol 15.336 24.054.941 39. 1St Floor.742.606 38.736.746 1. Multan Razi Ahmad Mirza 35202-6512426-5 Razi Ahmad Mirza Muhammad Siddique Mirza 22.072 41.770 63.553.942 28.000 30.999.834.257. Lahore.890 2 Arif Moaaz Shah House No.613 29.424.962 22.500 39.864. Lahore.550 29.620 10 Mohib Export Limited 6 F/B.381 12 Vital Chemical 3-A.882 33.768.926.251. Abdul Hameed Sh.515.708 14 Food Kraft Plot No.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.251 26.495 19. Zeeshan Murtaza 274-78-438575 Muhammad Saleem Khan 270-90-454752 Ghulam Murtaza Samiullah Khan 52.982.104 49.543.184. Lahore Rehan Malik 352022969462-1.082. Badami Bagh Lahore Muhammad Kashif Ali 35202-3923499-3 Mariam Samreen 35201-2134623-4 Manzoor Ali.005. Karachi Qamar Ul Islam 61101-3132757-9 Sheikh Muhammad Salahin 5. First Floor. Gulberg III. NO. Lahore Shaheena Asghar 35202-3626329-6 W/O.976. Islamabad Nadeem Hameed Sh.841. Imran Amanullah 17301-0982958-9 Irfan Aman 61108-211387-3 Amanullah.043. Multan Road Lahore.497.867 29.065 7 R.517 35.471 110.752.243 27.417 Financial statements and notes 1 103 . Sialkot Mian Amir Saleem 34603-2219428-7 Khuda Bukash Saleem 19.961 68.736.812 25 Aruj Traders Room # 19. Farhan Malik Malik Tariq 29.513. The Mall. Landmark Plaza.438 18 Pearl Steel Traders Al Rehman Chamber. Muhammad Afzal 15.408. Lahore. 8. Lahore Cantt.240 35. Manzoor Ali 22. Blue Area.396.046.086. Branderth Road.110.936.256 20 Nara Textile Plot # 270.860 40.147 5.284 19.789.746 25.977.996. Fareed Plaza.982.703 6.106.995. Muhammad Asghar 14.471. Room No.950. Link Road.997.606 41.633 65.564 23. Gulberg III.213.057. 42000-0516664-9 Nadeem Jam 42201-5421035-5 Nasir Ud Din 37405-0296970-7 Khalil Ur Rehman 42301-3676374-1 Taimoor Shah 14301-2079181-3 Nadeem Hameed Sh.352.774 4.608 74.507. 719.957 58. Arif Moaaz Shah 270-86-422772 Syed Kabir Ali Shah 53.051. Pakistan.284 8.553.189.830. Malik Jamshed Javed 42301-0484290-3. 65 Shadman Market.870 13.500 22.315 23. 3rd Floor.640 9 Khalil Ullah International 1-2.998 2.848.838 8 Trust Investment Bank Limited 23-D/1-A.238 42.968 19 Khalid Eng. Fazal-e-Haq Road.806. 7Th Floor.957 58.997.703 38.870 16.168. Room # 1.513.870 13. Malik Jamshed Javed Javed Malik. Nadeem Jam Muhammad Naseem Jam . Lohari Gate.925.251 24.236.872 29. 3rd Floor.284.F. Asif Kamal 35202-2550469-9 Muhammad Humayun Nabi Jan 35201-7740360-1 Javaid Bashir Sheikh 35202-2596771-3 Syed Mohsin Raza Naqvi 35202-5155530-7 Shahid Iqbal 35201-6230652-9 Munawar Ali 35202-6754642-5 Mir Javed Hashmat 17301-7748360-1 Muhammad Azam Muhammad Nabi Jan Sheikh Muhammad Bashir Syed Munawar Hussain Naqvi Muhammad Iqbal Ghulam Muhammad Mir Hashmat Ali Khan 49. Branderth Road.256. 35202-4693946-9 Hafiz Muhammad Yameen 30.742.272.577 33. Lahore Sh.926.104. Amanullah 39.243 17.052 39. Naeem Aslam Malik 35202-0813196-1 Muhammad Aslam Malik 19.190 20.087 14.710.996.251. Super Market.121.195 11 Fabplass Industries (SMC Pvt) Ltd A-1 Al -Minar Market. Sh.861 22 Pharma Containers 18 Km.423.117.216.200 69.194 12.405 39.908 219.752 57.564 7.749. Eagle Plaza.513.408 13.998 50.065 19.. Gulberg III.238 42.792 3 Tech Pacific Suit # 3.000 30.985.857.500 21.003. Industiral Area.226.248 40.982. Usman Block.537.113 67.032 17 Natover International 2nd Floor.284.472 38.959 24 Ken Electric Co.163. Link Mcleord Road.532 42.056.003. Sector W.870 16 MA Traders 313-B.195 15.441 4.321 164. Tehsil Ferozwal.F.992 14.698.961 68. Al-Hafeez Center.770 28.764. Room # 3.999.J.869 3. First Floor. Phase III.234.011.310 4 Kashan Carpets Block # 8.256. 51-Branderth Road.890 52.905 27.324 26.086.239.842.104 6. Main Boulevard Sabzazar Scheme.169 23 Hashim Khan Rice Mills Narang Mor.103 22. Khalil Ur Rehman Habib Ur Rehman Khan.982 167.130 56.011.115 29.094.299 54. Khawaja Nadeem Taj 35202-2970084-5 Zahida Bibi 35202-4918367-0 Khawaja Taj Ud Din. Khawaja Shakeel 35200-1454285-5 Khawaja Abdul Rasheed 29.094.015. Lahore.161. Abdul Qayyum 29. School Road.326.882 21 Asadullah Steel Al Rehman Chamber. Farhan Malik 421017525523-7 Rehan Malik Malik Parvaiz.757.999.761. D-165 A.044 42.385. Lahore Moeed Waheed Malik 35202-6288599-5 Malik Abdul Waheed 29.256 15.001 15 Data Ali Traders Room # 7.549. Lahore.873.834.777. Lahore Mian Naeem Ahmed. First Floor.315 23.302 19.598 67. Trading 59-Circullar Road.471 110. Sheikhupura District Omer Nawaz: 35401-4445113-3 Hashim Khan 14. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Principal Interest/ Mark up Total Balance Heimtex Decor Office No.507.962 48. Lahore Nasir Iqbal 35201-6395246-7 Haji Muhammad Ali 19.957 47. .925.867 29.780 13 HMK (Pvt) Ltd 9 .257. Site.572 19. Khalid Hussain Bhatti 35202-7485341-5 Fateh Muhammad Bhatti 35. Taimoor Shah Pir Abdullah Shah 19.350.352.537.Band Road.017.044 1.244.246 14. Lahore Khalid Bashir Awan 35201-6054105-1 M.930.000 70.770 63.236.908 219.087 12. F-6. Main Bulevard. Naqi Arcade. Multan Road.081 28. Miran Hussain Centre.321 164.500 37.197.244. Islamabad.771 5 H J Communication 10 G. 35201-5221735-7 Muhammad Bashir 19.155 24.929.240 23. Lahore Zeeshan Naseer 35202-4167189-7 Khalid Bashir Awan 3.278.671.929.672.197.935. W/O Muhammad Sultan 12.752.778.700 6 Healthco Surgical Supplies 35 Km Wazirabad Road.490.901 22.804 15. Gulberg II. Lahore Muhammad Ahmad Sh.104 49.982 167.537 50.672.505 59.835 68.301 25.814 42.698.841. DHA.995.858.768.336 24. Corporation 17 .057. Nasir Ud Din Mian Muhammad Ibraheem. 101-E.190 19.

968 6.425 6.461 54. Zikrur Rehman Sheikh. Sh. Imran Yaqoob 35202-6042396-9.326 10.312 15.326 10.223 19.019.558 6. Ghulam Ali Merchant . Karachi 42201-3165677-9 Muhammad Yaseen 18.648.166 8. Faisalabad.463 8. Mian Nizam Ud Din 22.622.721 13.889 3.463 7. Gujranwala 34101-2063696-1 Salma Begum 6.288.011. Lahore. Army Housing Scheme.014. 1.778 4.627 5.417. Hill Top. St No.248 24. Muhammad Tufail.838 16. 1st Commercial Lane.11.442 28 Globe Petroleum Service II Sd Block-A North Nazimabad.255 9. 2.223 15.A/99.810.921.101.587.921.801.086. Karachi Syed Ahmad Ali 51435-069571.128 - 14.896. Jahangir Elahi 352022561094-5 Tanvir Elahi 352005522225-3 Ehsan Elahi Ehsan Elahi 13.987.504.628.964 19.999 20.393.800 15. Lahore Jamil Ahmad Sheikh.245 20. Aqeel Ahmad.881.393.258 DOHS-1 Gujranwala Cantt.635 4.001.994 10.128 - 14.101.746 9.848 29 Asif International Asif Chambers.426. Jail Road.045 5.619. Muhammad Latif 9.384 11.018.389. W/O Asad Mahmood. Nazimabad.646.299 38 S & S Garments Suit No.052.428. 2Nd Floor Off # 8. DHA Lahore Tahir Mahmood Naeem 35201-7011031-5 Ghulam Hussain 9.622 33 Universal Traders Suit No.571 40 Genertech Pakistan Limited 31/C-1.792. NO.718 4.721 12.842 9.288.409 46 New Ulfat Trading Company Al Madina Road.927. Near Hill Park. DHA Phase V Ext.313 25.663 7. Nicalson Road.558 5.128 14. Hyderabad.367.994 10.987.834.045.154 7. Farrukh Ul Kitab 18.088 34.359.162 10.251.996.110.556. Flat No 6. Farhan rehmatullah Muhammad.792. Site. Zahid Latif 35201-1753443-5 Ch. Sheikh Yahya: 352025996660-1 Hafiz Yameen 7. Kashmir Bazar.493 24. Lahore Gulam Habib 112010718005-9.951 39 Irfan Wahid House # 91/2 Saba Avenue. Fayyaz Ahmad 35202-5946672-5 Deen Muhammad 12.444 13.151.000 37 Sibtain Sons Distributors 1. Latifabad. Alpine Aprtment.201 17.223 36 Khurram Steel 296 Al Hadeed Bazaar.968 7.176. Asad Mahmood 42301-1598088-3 Khilji Salah Ud Din. Gujrat Ch Imran Saleem 34201-3801949-3 Ch. Mr.098 3.000 3.601.309 17. Gulfishan Colony.555 17.994 10.036 43 IY Associates Office No.799.045 5.523 25. Aslam Plaza.329.161 9.245. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Interest/ Mark up Principal Total Balance 26 Rahim Sardar 131-A.378. Lahore.935 6.171 12.754.755.223 19. Gulberg III. Patiala Ground. Zamzama.050. Kashif Khaliq 35202-2585252-9 Abdul Khaliq 4. Asif Ameen 39.746 25.686 23.846 7.080 4. Ghalib Road.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.505.996. 14-A.547. PCSIR Phase 1.417.194 16.027 7.228.053.162 10.237.285 34 Nawab Builders Nawab Builders & Property Dealer.648.999.992. Muhammad Deen 8.378. Asif Ameen 35202-2659677-5 Fawad Asif 35202-5780598-9 Sh.989.261 20. Iqbal Centre.827 6.251 24.744. Karachi 42101-1869454-7 Muhammad Yousuf Kamal 16.045.448 25. Multan Road.000 3.178.072.110 13.251 16. W/O Aqeel Ahmad N/A.080 5.760 27 Globe Petroleum Service Sd Block-A North Nazimabad.002.842 9.170.964 15.680 10.601.785 23. Old Pougiwal.289 45 Muslim Traders Peco Road.879. Township Lahore Khalid Masood 35202-9600718-5 Shameer Ahmad 7. Lahore.729. Lahore.151.648.262 51 Yasmo Shoes Shop No. Bilal Center. Muhammad Saleem 33100-0406027-3 Muhammad Tufail 14.505.680 16.571 8.783 11.733.754. F-1982. Gulshan-E-Iqbal. Main Jhany Road. Farhan 42308-205549-7 Ms Khadijah Bibi 42301-0783426-6 Rehmatullah Muhammad. Block 7/8.407 11. Muhammad Sharif 35202-2782328-9 Sh.383 12. Muhammad Ameen.169 12.728 25.409 7.829.312 16.982. Fareeha Saher 35202-5414785-0 Farhad Hussain 35200-1432965-9 Abdul Waheed.838 16.072.504.527 13.473. Muhammad Asghar 11. Karachi Mr Rehmatullah Muhammad 423018937971-3.750 10.560 42 Fourays Pvt Ltd 13-C.838 44 Maqbool Steel 516-G-1. Km. Hyderabad.572. 222.991 48 Friends Traders 4F-3/5.650. Kot Lakhpat.525. Jal Boga 7.998.091 1. Landmark Plaza. Cantt Nadeem Sibtain 4130423592889 Muhammad Sibtain 11. Row Z-2. Muhammad Hayat 7.188 26.921.154.990.004 50 Al-Khaliq Steel Room#19.994.291 20.101.729.429.560 16.786.713 16.011.999.889 3. Hajira Begum 7. Maher Siddiq Market Railway Road. Faisalabad.654.413. 7-8.075. Lahore Sh.760 22. Main Boulevard Defence.132.706.877 32 Haroon Marketing P-32/A.559 15.990.994 10.859.484 11.625 16.514.680.278.968 31 Fayyaz Engineer 40 Fayyaz Road.072 14.262 2. Johar Town.110. Raihan Merchant Rustam Jal Boga 42301-6819749-3 Syed Mushooq Ali.825 7.946 35 Asad Containers F-606.663 8. Davis Road.500.250.680 11.674 12. Humaira Yasin.000 5.653. Fozia Asad 423010823942-0.666.483. Sh.397 - 16.586 7.750 9.999.044. Khadija W/O Muhammad Hussain 14.572 3.998.921.091 8.219 17.527 13.802 14.044 17.087. Muhammad Yaqub.000 - 18.188 26. Hajira Begum.087.020. Karamat Ali 352026625008-7 Muhammad Afzal Khan. Lahore.994.362.555 17. Karachi Abdul Jabar 42101-1433194-3 Abdul Sattar 14.825 8. Block C.795.086.028 18.166 8.834.803 15.992.444 41 Younus Kamal R-1.984.642 52 Tarmac Pak Company H # 33.640.783 11. Near Aastana Yaqoob Ali Shah. Zeeshan Plaza.747 53 Abdul Rasheed House No.501. Muhammad Nasir Gulzar 36302-1389806-1 Muhammad Gulzar 6.671 316. Block# 10-A.064 21. Shahida Parveen.329. Bagbanpura Lahore. Block B.683.465.027 8.784 20.500.277 30 Hamad Trucking Centre 43-44.674.722 14. 1St Floor.731.257. Farhan rehmatullah Muhammad.989.045. Unit 02. Khilji Salah Ud Din 15.810. Karachi Tahir Masood 422010357463-5. Rehman Shaheed Road.999.002.504.179 14. Farhan 42308205549-7.827 104 Standard Chartered Annual Report 2015 .176. 3Rd Floor.830 47 Junaid Yaseen 167/12.982.936.244.584. Lahore. Karachi Mr Rehmatullah Muhammad 42301-8937971-3 Mr.572 3.616.418 29.320.128 49 A-One Computers Khan Plaza. Lahore.484 11.571 8.171.262 2.572.458.667 11. Karachi 42301-3492442-1 Abdul Wahid 11. 9.731. Khadija W/O Muhammad Hussain 14.788. Ms Khadijah Bibi 42301-0783426-6 Rehmatullah Muhammad.250.859.963. Mian Asim Waheed Maroof 35202-8345272-3 Muhammad Yousaf 35201-6325514-3 Abdul Waheed.989.389.020.727. Lahore Ghazala Farrukh 35202-0766949-4 W/O.646.504. Nigar Center. N/A.028 24.331 11. Lahore Muhammad Azam 35202-7725540-5 Atta Muhammad 4.

178.014 17.254.538 70 Salman Saeed Paracha Rehman Paracha House No 74-A Pcsir Colony Lahore 35202-4616962-3 Saeed Ur Rehman Paracha 8.673. Malik Ghulam Murtaza 352028600075-9.597.031. Phase V.200.257.994. Muhammad Nasim Khan.702 4.400 2.250.772.097 80 Umar Sadik Data Agro Limited 3 .101 64 Natover Lease and Refinance Limited 2nd Floor.H.637.490. Lahore 35202-2955881-3 Muhammad Saadat Ali 2. Block-E.241 11. Lahore 35201-5685381-5 Ahmed Shadiq 6.009 21.909.848 78 Afzal Weaving Factory House No 136 Street No 5 Samanabad. 74/B Ghallah Mandi Arifwala 0457832858 Pakpattan 338-75-151274 Ch.624 9.785 423.843.991 9.449 79 Khalid Aziz Plot No.570 4.514. 26th Street.702 5.800.091 14. Faisalabad 33100-0318671-9 Hussain Ahmed 2.100 5. Nizam Ud Din 10.101 8.989.. Jail Road.032 3.962 10.345.100 5.925. Kaukab Malik 352022813735-4 Kaukab Malik W/O Tanvir Ali Malik 4. Riwaz Garden.614.323 3. Main Mangoo Peer Road.241 3.792 3. Naveed Ahmad Mirza Muhammad Siddique Mirza .578 61 Saleem H.484.111.933 73 Rao Sami Ullah Khan Building Noor Hall Hotel Near Kidney Center Opp Ayub Park Jehlum Road Rawalpindi 31101-1654838-5 Rao Muhammad Rafiq 4.497.347.101 8.596.032 3.659.845 9.756 58 Ahad Nazir A-1-209.633. Ext.090. Karachi Munir Ahmad Zia 42401-0189679-1 Ali Muhammad 7.025 1. D.381. 35202-4248357-3 Allah Bakhs 15.133.998.499.343 72 Ch.308 2.132 2.354.090 10.611 5.914 6. Iqbal & Co.4/1 Gizri Lane No.506.351.241 5.197. Multan Razi Ahmad Mirza 35202-6512426-5 .851.046 9.736.473 2.696.546.556 10.859.969. Mustafa Jalil. Lahore 35201-3775403-3 Syed Ilyas Ali 7.633. Muhammad Arcade. Lahore 35202-2935868-3 Abdul Salam 14.327 - 4.323 3.356.002 5. Tehsil Gojra.000.101 55 Petarian Filling Station Plot # 5.363 1.428.No Na 470/471.910 4.973.046 3.8 Phase.290 5.524.286 10.882.594.A.000 4.499. Lahore.844 59 Kaukab Malik H#14. Sami Ahmad Kokab Razi Ahmad Mirza Muhammad Siddique Mirza .310.359.564 71 Imran Ali H # B-2.967 4. Sadia Razi W/O Razi Ahmad Mirza .363. Link Road.955 4.777. Phase V.130 1. Fazal-E-Haq Road.611 5.493 2. Abdul Hameed Sh.647.848 2. Metrowill Site.673.598. Islamabad Nadeem Hameed Sh.Taj.260.711 2.Landmark Plaza. Karachi Muhammad Yasir Kamal 42301-2879959-1 Muhammad Alam Khan 6.A.533. Street 17. Sadia Razi 352005043347-6. Khalil Ur Rehman Habib Ur Rehman Khan 40. Karachi 42301-0119383-7 Muhammad Ashraf 12.252.687.349 9.644 20.742 4.381. Nasir Ud Din Mian Muhammad Ibraheem. Mushtaq A. Eagle Plaza. Nadeem Jam Muhammad Naseem Jam .071. 3A/3.531 2. 33301-0411237-5 Muhammad Ismail 5.184.535 65 Fahad Bin Kabir House No 430. Muhammad Aslam.990. Building No.618 11.833.870. Near DHA Higher Secondry School.628 4.557 8.946 4.633.758 62 Zafar Masood 196-C.176.207. Ext.280.165. 42000-0516664-9.078. 604 / N Asghar Mall.933 5.806. Sajjad Haider 352026071509-7.000.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.684.002. 3A/3.Karachi 42201-4652969-7 Nazir Ghafar 11.046 81 Waseem Saadat House# 20.929.449 1.953.625 10.847 170.109.719.848 4.933 2. Sarwar Shaheed Road.391.000 5.430 66 Naeem Arshad House No.684.312. 35202-9388068-9 Aziz Ur Rehman 6.570 4. Block # 1.882.252.193 5. Muhammad Iqbal 7. 26th Street.572. Naveed Ahmad Mirza 35202-5488587-3 .433 2.027.Anwar Street.132 63 Shahzad Choudhry H.241 2. Karachi 42301-0726484-5 Haji Chanan Din 3.673.904. Nek Muhammad Qureshi.612 6.696. Qureshi 1.912 6.247.292 6.971.345 3.844. Shah Jamal Colony.546.935 15.712.1V.412.967 17.308 2.349.374.625 5.020.521 8.433 5.174.737 - 10.564 2.246 56 Ali Siddique 3-A. Lahore Abdul Ghafoor 352015857090-3 Ch.544 5. Nusrat Ali.596.200 5.158 6.844.586.571. Home Land Appt.836 7.845 60 Amir Iqbal House No 106 A.210 77 Gold King Electronics 403 .002.315.111.533.800.997.912 6. NO.369.343.308.844 10.010.879 5.178 4.848 11.260. Karachi i 42201-3621712-7 Kabir Uddin Soleja 9.728 10.345 3.269.428.180. Nadeem Jam 422015421035-5.607. Karachi.818 2. Malir Cantt.000 2. 1.243. First Floor.000 3.033 Financial statements and notes 54 105 .955 9.829. Blue Area.575 1.836 4. Malik Ghulam Murtaza Malik Ghulam Haider. 44 Nadir Plaza Commercial Market Rawalpindi 37405-9035410-5 Raja Nadir Khan 6.234.864 1. Chaman Bagh Rajh Garh.No.524 68 International Investment 1st Floor.488.193 5.918 4.000 3.835 1.529 67 Aftab Ahmed House 73-A Block Model Town Lahore 35202-7743616-9 Nisar Ahmed 9.898 16.929 4.000 4.946 75 Abdul Kamran Salam 12-B Johar Town.531 2.933 5.484. Rawalpindi Imran Ali 211-63211432 Farzand Ali 1.910 3.628 4. D. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Interest/ Mark up Principal Total Balance Zabi Blocks B-818.433 2.696.466 8.521 8. Lahore Cantt.657.823.897.884.665 5. Modern Colony.449 1.541.500.024 1.642 10.046.624 3.897 8.990. Nadeem Ali Irfan Ahmed Qureshi Mr. Sami Ahmad Kokab Muhammad Siddiqe Mirza 4.124.454 40. M.540.314.817.200 5.976.349 9.No.000 1. PCHS. 2 Khalid Aziz Block Canal Bank Harbancepura Lahore.804.918 4. Lakson Square. 37405-5225498-7 Qayyum Aslam 8. Block-13-C. Nasir Ud Din 374050296970-7.813 4. 7th Road New Malpur Rawalpindi.932.876 9.H.736.000 1.870.447.838 15. Phase 1.062 57 Ghousia Weaving Chak # 367/ Jb.728 69 Waheed Ahmad Muslim Motors 6 Montogomery Road Lahore 35202-3050316-7 Bashir Ahmed 2.571. Defence Officers Housing Society.538 2. Sajjad Haider Malik Ghulam Haider .681.117 1.165.514.557 8.325 13.584.269. Lahore Cantt. Lahore H.101 3. Gulshan-E-Iqbal.292 7.488.519.028.490.777.400 76 Raja Nadir Perwaiz Khan Shop No.381.496 7. Sammundri Road.977 8. Cavalary Ground.. Karachi 35202-3528815-7 Sher Muhammad 2.A Race View Jail Road. Lahore.176.346 3.197.600 7.835 74 Syed Hassan Ilyas 391-Y Defence Housing Authority.752 11. Khalil Ur Rehman 42301-3676374-1 Nadeem Hameed Sh.014.428.000 5.888.

122 1. No.356 956. Lahore 35201-9747254-5 Abdul Hameed But 978. NO.410 116 Cheema Scrap National Kaseera Market. Lahore 35202-7084762-8 Pervaiz Akhter 2.549.471 1.599.296.172.285. Ali Ameer Sheikh: 35201-8879857-9 Mumtaz Manzoor 1.867 - 1.432 1.796.714. DHA.175.096.674 89 Muhammad Ilyas Madni Center.681.306 1.176 635.821.777 106 Nadeem Ahmed Mirza A . 33100-0656105-5 Bashir Ahmed 1.714 4.961.711 1.141 3.512 548.593.644 462.080 379. 35202-8276084-7 Bashir Ahmed 2.Mr.492.376. Near Madina Free Dispencery.3.067 106 Standard Chartered Annual Report 2015 .199 115 Kolachi Traders Flot No C-11 Sohni Apartments Blk 4-A Abul Hasan Isphahani Road Karachi Mr.944 579.U Phase II DHA.697. Lahore 275-51-108900 Shaki Ali 796. Lahore 35201-5277051-1 Subhan Khan 4.004 5.553 1.505 1. Phase 4.296 3.039.590.867 107 Muhammad Nadeem Alam Lg-89 Hafeez Center Gulberg-III Lahore 35202-0687064-3 Muhammad Jahangir 2.127 1.668.727 1.000 1. Block 8.000 1.900. 3rd Floor.862.435 1.171.196.636 8.781.794.350 4.836 6.243 109 Muhammad Abdullah Power N/B Abu Bakkar Mosque Ahlee Hadees Mohallah Aziz Colony Multan Looms 110 Irfan Nabi Khan 111 36302-6557645-1 Talib Ali 1.251.884.000.000 1.603 85 Tariq Mahmood Rassti H. Badian Road.774 101 Sohail Hameed Butt XX-56.422. Al Falah CoOperative Housing Society. Lahore 35202-3434499-5 Ashiq Ali 4.522 1. Gulistan-e-Johar Block-14.000.282 90 Imran Bashir P-836 Street No.466 1.404 2.924 1. Islam Block.044.624.257 913.687.148 956.784.517.367.219 499. Karachi Salamat Shah 42201.149 Asif Ali Khan 1-B/2 22Nd Street Kh-E-Tanzeem Phase-V DHA Karachi 514-46-051826 Noor Muhammad 3.732.393.919 1.380 2.597.119 4.919 1.885.380 100 Shahid Ali Babar 146/11.109 4.000 938.900.078.172.335.214. Syed Amir Raza M. 4 Street No. Lahore 275-88-027311 Abdul Majeed 6.974 1.199 1.627.811 5.483 2.922 788.517.080.002.175.282 1.777 787. 119.510 2.350 495.981 3.404 1.981 2.610 2.199 3.376.R-913 Sector 15-A/1 North Karachi Buffer Zone Karachi 42101-2858025-1 Inayatullah 3.587 1. 74 G-6/4 Islamabad.002 - 2.583. Kehkashan.125.000 1.243 2.182 1.711 3. St 3 12 Shalim Street. Aiwan E Tijarat Road.924 1.823 97 Zahid Mehmood Sethi 14-B Temple Road Lahore.274 1.593.404 3.127 1. Lahore 35202-2806968-9 Manzoor Hussain 3.223. Sahar Road Baghban Pura.517. 36302-2922932-1 Lal Din 620.432 1.471 1.816 807. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Interest/ Mark up Principal Total Balance 82 Syed Sabih Ahmed 14 Baghpatee Chambers. Khaliq 787.869 3.506.426.835.823 8. Block C.173 1.456 593.243 1.375 1.172 2.201 1.823 2. 1St Floor.349.343.188.535 1.428. Kartar Pura Rawalpindi.260. Lahore.576.080. Azam Garden Multan Road.362 3.432 5. Shah Faisal Colony.399.646.067 469.600. Aiwan-EAuqaf.362 602.122 88 Mian Muhammad Omer Nawaz Omer Fabrics 76-A New Anarkali.149 484.301 816.491 9. Outside Khiali Gate. Gulberg III.176 687.667. Faisalabad 33100-4657533-3 Muhammad Yaqoob Ghori 1.570 118 Jamil Mohammad H # 3.201 112 New Bismillah Zari Services Near Govt Higher Secondary School Fateh Pura Road Jallah Jeem Tehsil Mailsi Distt Vehari Sajjad Hussain: 36602-8225532-7 Zia Hussain 2.825 1.965 102 Nadeem Arain House No.504 1.860 1.773.443 2.475.450.835.277 1.962. 35202-9035904-3 Muhammad Latif Sethi 3.250.997 3. 239 Ahsan Street Shah Noor Park Kot Khawaja Lahore 35202-2824973-5 Malik Mehmood Alam 2. Jason Appartments.450.570 113 Malik Jalil Ahmed Awan House# Sa-648 Khajoor Wali Gali Chirah Road Service Road Sadiqabad Rawalpindi 13101-1565924-1 Malik Abdul Ghaffar 2.750.628 3. Karachi 42301-6956801-1 Muhammad Ahmed Mirza 4.299 93 Almawat Zari Services Hair.908.072 3.972.456 114 Muhammad Kamran Malik House No.324.506.125.936 777.024.878 2.584.869 2.529 House No.004 2.797.496 3.497 1. Main Awan Town.816 807.773.974.343.937. Khayaban-E-Jami. Altaf Hussain Road.356 956.922 98 Tanveer Ahmed H.774 796.488.610 816.751 86 Naushad Jamil Usman House# A-61/2.535 1.496 808.585.697.274 2.962.040 2.610 3.174.035.147 1.828 92 Khawar Mehmood Khawar Traders Shop # 7 Ground Floor Ahmad Centre Market 147-A Alamgeer Market Shah Alam.343.362 2.547 105 International Traders 3Rd Floor.349.950 2. Lahore Cantt.051.A. 24.000 1.965 398.205.362.172 5.537 808. Off The Mall Road.193.841 - 1.687.651.350 104 Mohammad Arif Hussain Qadri C .046.097.422. Karachi Muhammad Arshad N/A S.17 Block-S North Nazimabad Karachi 42101-1887790-5 Muhammad Nazir Hussain Qadri 3.801.625 95 Yasmeen Pervaiz House# 10 Street-2 Gazaffi Colony Badami Bagh Near Pakistan Public School.362 6.570 620.596.618.309 3. Karachi Zsigham Ali Sartaj Zaidi 502-60-991370 Syed Ali Jaffar Zaidi 1.663.7 Al-Masoom Town Faisalabad.497 2.947 94 Excel Marketing Suit No.852.183 5.073 2.826 1.885.173 2.277.087.No 0-1107 A. Syed Mohd Mohsin Zaidi 42201-76005559 2.668.433.229 32.666.754 1.306 1.496.506.443. Peshawar 17301-9058848-3 Malik Ghulam Hussain 3.202.No 679/B Batala Colony Satiana Road.147 678.202. Gujranwala Habib Ur Rehman 34101-2566926-1 Muhammad Sharif 787.428.508.63 Edan Villas Model Town Lahore 35202-3947271-3 Ajaz Nabi Khan 2.964.148 956.678 7.384 2. 3rd Floor.983 1.556 2.795.526.435 1. Lahore 35202-9166702-5 Mian Muhammad Nawaz 5.205 4.404 103 Khalid Manzoor H.353.944 411.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.299 1. Karachi 42201-6675532-1 Mohammad Usman 3.867 1.388.040 2.106 550.080.764. 2nd Floor Commercial Area Khayaban-e-Iqbal DHA Lahore Cantt.691 6.964.392 1.843.986.122 372.476.533 1.309.001 117 Mohammad Ali Choudhry House # 294/M St # 1 Aziz Colony Hafiz Jamal Road Multan.214.625 2.110 87 Cottonman Shop # 2/10.122 1.869 2. Cliftoon.087.192 2.347 1.661.737. Gulshan Ravi.600. Lahore 35201-5469801-5 M Saddique 2.367.520.483 4.497 83 Malik Amjad Ali Gas Plus CNG Station Hussainabad Colony Peshawar City.631.198.587 84 Iftikhar Ghori H.807 91 Imran Hanif H 379-3-D1 Green Town Lahore 35202-6849306-9 Muhammad Hanif 2.700 108 Salamat Shah Plot # Ah/D-16.721.463.981 1. Lahore.551 787.274 3.240.504 1. No.813.916.674 799.205.379 - 2.336 5.000 938.585.294.577.191 3.251.893 2.998.477. Karachi 42301-3239620-1 Syed Wasi Ahmede 1.005 99 Khawaja Wasim Ahmed House No.309 1.547 1.277 1.869 1. 514-77-123411 Khawaja Kabir Ahmed 6.539 - 1.667.198 602.851 6.851 3.350 2.323.852.481. Lahore 35202-5696019-7 Mian Muhammad Ibrahim 4.497 2.296 1.794.997 799.300.646.754 1.080.576 96 Muhammad Rafique 78-C 1.343 748.714 1.017 896. Syed Shah 8490306-3 1.751.199 550.434.346 1. 37405-6306154-3 Tasadduq Hussain 4. Parker House.134.364 300.997 2. Nasir Shaheed Park.

675.060 - 210. 4.018 59.036.225.228.875 1.631 1. NO.257 1.381 28. Karachi 42101-1510796-1 Syed Ale-Hussain Noori 1.103.866 1.508 1. Karachii 61101-5034240-9 Muhammad Ashraf 973.039 1.111.640.568 1.422 121 Muhammad Akbar 200-A3 Johar Town Lahore.055 1.Main Tariq Road.122.463 1.832 127.021 1.306.346.510 5. No.431 1.983 107 .380. Rashid Minhas Arcade Mission 1 Road Printing Street Mei Ladu Masjid.617 1.313 125 Sumaira Usman 18 B Kaghan Road F-8 Markaz Lafarge Pakistan Islamabad 61101-1850248-2 Usman Ul Ahsan 1.103.283.205 1.390.970 122 Syed Ejaz Asr Rizvi Suite # 8 Second Floor Kehkashan Mall.330.165.740 1.606 133 Syed Khalil Ahmed H No B-478 Block 13 Farooq E Azam Masjid.294.045 870.087 1.405 1.994 1.941 1.938 4. 449.244 139.836 139 Muhammad Mansha Street -05 Khushal Colony Khanewal Road Multan 36302-0374615-1 Wali Muhammad 473. Karachi 42201-5762059-1 Syed Kherat Hussain Rizvi 3.026.718 138 Talal Azfar H No 27-A Main Nazim Ud Din Road F-10/4 Islamabad 61101-2489787-1 Majid Hassan 1.617 1.244 49.181.868.900 130.912 1.890 678.311. Ghulam Muhammad Abad.501 986.050.060 698.866 272.713 1.142 1.941 - 1.507 725.053 - 420.371 100.912 388.325 1. St # 6.011 1.321 1.945 1.Ee-1. Geeta Bhewen Building.983 768.165 1.845 147.735 867.842. Phase VII.088.Karachi 42101-7932881-9 Syed Wafadar Hussain Rizvi 3.548 1.025.167 954.052.223.109.405 3.682 129 Syed Kazim Raza Rizvi S-25-26 Noman Centre Rashid Minhas Road Gulshan-E-Iqbal.702 - 1.266 1.818 144 Mohammad Aslam Sheikh House No F-67 Ground Floor.347.050.221.000 - 1. Karachi 42301-7971411-1 Abid Ismail 1.128. F.827 59.693 134 Asim Qamar 129 Sarwar Colony. Islamabad 37405-1732350-4 Muhammad Iqbal Khan 1. Faisalabad 33100-4684814-9 Muhammad Aslam Qasmi 1. 35201-0949909-1 Imran Qamar 420. Kehkashan Clifton.000 - 1.093. Second Floor.060 1.791 159.141.053.918 1.099.289.577 1.699 969.213 1.735 760.289 162.433 188.416 7. W/O Abdul Rehman Amir.089.611.185.200 1. Main Khayabane-Ittehad.783 447.000 - 1.202.315 1.014.669 140 Premiere International Flat No.507 983.183.154.547.2/2.029 146 Rashida Saigol 91-E/1 Gulberg III. Macleode Road. Lahore 35202-5326550-9 Ch Hussain Bakhsh 3. Lakshmi Chowk Lahore 35202-0874555-3 Abdul Hameed Butt 3.315.807.499 1.059.226 132 Fahmida Iqbal Un Women Plot-5-11.380.577 127 Malik Abdul Waheed House No 8.Karachi 42301-7949479-9 Mohammad 5.196 1.444 Financial statements and notes 847. Lahore 35202-0597796-6 Gulzar Ahmed Shaikh 147 Sardar Abdul Khalid 218 Neelum Block Allama Iqbal Town Lahore 35202-4862569-3 Abdul Hameed 148 Zakir Ali Khan 20-A 1/1 Block-6 PECHS. Lahore 36402-2337357-1 Murtaza Khan Sherwani 970.316 2.048 4. Block 5.228.079.171.303.987 101.376 1. 18 Markaz.891 1.163.669 473. North Nazimabad Karachi 42101-6794803-7 Shaikh Mohammad Yaseen 999.060 698.166.519 46.560 257.548 275. City Archade.000 1.271.199.174.820 116.000 1.141.674 1.178.054.982 1.010 244.482 272.636 1.177 128 Syed Sami Hussain Flat # B-503 Pearl Residency Bl 14 Gulshan E Iqbal Mashriq Center National Stadium Road.162. 18 .622 1.171.473 970.465 1. 517-73-186954 Dilawar Ali Khan 149 Fawad Akhtar Ali H No 24/Ii 23 Street Khy E Tanzeem Idial Bakry Phase 5 DHA Karachi 42301-0881225-1 Muhammad Akhtar Ali 150 Kashif Majeed S-2 Sea Breeze Plaza.109.000 992.609 1.226 House No 389 Phase 1 Malir Cantt Cheak Post. Name 119 Ismail Khan Durrani House No E-11 Dada Bhai Town Shaheed-E-Milat Road Baloch Colony Karachi 42201-8865852-9 Haji Mir Bacha Khan 1.362 1.458 449.249 837.313 1.410 Abdul Majeed 989.167 - 973.214.166 1.165.283.109.054 286.247 847.482 342.161.000.094.306 1.442 1.340 1.164. Zaman Colony Cavalry Ground.385.193.949 163.994 218.499 2.157 1.000 1. Rabia Rehman 61101-1538921-6 Mumtaz Baig.165.053. 3rd Floor.339 135 Muhammad Yousaf House No 17 Street No 32 Nisbat Road Gawalmandi Near Muhammadi Square Lahore 35202-2516683-7 Muhammad Allaud Din 1.339.317 1.895 768.346. DHA.000.A Karachi 42101-5977951-3 Saeed Ahmed Khan - - - 864.033. Karachi 36302-5141631-9 151 Ali Naveed Pirzada 1 Habibullah Road (Off Davis Road) Al-Ayesha High School Lahore 152 Khalid Mehmood 153 Imran Ahmed Khan Address Name of Partners/ Directors NIC / CNIC Amount Written off / Concession Father / Husband Name Interest/ Mark up Principal Total Interest/ Mark up Principal Total Balance 121.317. Abdul Rehman Amir 61101-1893098-9 .571 145 Adnan Haider Zaidi Federak Urdu Uni G-7/1 Zero Point Fire Brigade Office Islamabad 91509-0153735-7 Riaz Hussain Zaidi 1.118.2Nd Flr Defence View Phase-Ii Near Iqra University.152.B Area.000 - 1. Axact Street.330.860 178.098 136 Abdul Rahman Khan Sherwani House # 5/16.863 141. Islamabad.181 268.069 188. Karachi 42201-1954334-3 Syed Aftab Ali 210.315 - 1.762 1.068.077 1.053 998.609 1.335 137 Muzaffar Ali Bhatti Banglow No.928 141 Basit Sardar Shop No 1.307.200.010 66. Cantt.128.496 108. Diplomatic Enclave. Karachi.687 117.317.813.890 716. Karachi 42501-1552548-1 Syed Nazir Ahmed 1.901.638 62.103.200.831 224.134. Gk .431 131 Muhammad Shoaib Qasmi H.547 164.242. Lahore. Kharadar.H.254.776 Axact Pvt Ltd Axact House Axact Street Main Khayaban-e-Ittehad Phase VII D.214 903. 45203-6195476-9 Gul Hassan Shaikh 1.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.109.977 1.306.577 1.162 1.348 1.103.246 1. Lahore 35202-6194691-7 Sardar Khan 999. Nargis Block Allama Iqbal Town.219 123 Ali Raza Axact.054 212.804 142 Nadeem Butt Butt Kraahi. Karachi 42301-0944839-7 Mohammad Anwar Javed 1.223.321.000 139.289 82.315 130 Faheem Ullah Shaikh Habib Bank Ltd City Court Branch Gate No 3 Karachi Court Karachi.496 128.184 35201-8886908-9 Naveed Aslam Pirzada 866.118.541 2.222 1.315.164 10. Near Bangal House.340 126 Muhammad Hashim B-93 Block -7 Gulistan-e-Jauhar Karachi 42101-4428613-1 Muhammad Qasim 1. Shahrah-eFaisal.986 1.773 1.249 837.200.372.251 1.302 86.301.306 143 Tabish Ismail House D-42. Ground Floor.506.036 120 Babar Pervez Trg Pakistan 7Th Floor Block B FTC Building Shahrah-e-Faisal Karachi 42301-6090734-9 Pervez Maqbool 1. PECHS Block .306 - 1. Block A. 35202-0407164-1 Mohammad Sarwar 1.II .048.954 124 Idrees Soha Mension. R-Big Portion Block B.523 1.150 4.986 - 1.368 1. 491.983 25.449 999.165.878 1.732 - 1.936 1.058. Agha Khan Road. Sarwar Road.

929 185 Rafaqat Shahzad 58 C-Iii Gulberg Iii Govt College For Women Lahore 35201-9019898-7 Inayat Ali 95.844 1.231 77.282 806.491 365. Karachi 42101-8096531-3 Tanveer Khan 875.082 70.747 947.684 - 867.463 181 Muhammad Fareed 1863/2.684 817.706 171 Mazhar Zari Service Faddah Chowk Mailsi 36602-7488942-5 Ronaq Ali 1.B Area Karachi 42101-5441072-9 Muhammad Farooq 88.958.707. Lahore "Adbullah Khizar Bajwa 35202-7479800-5" Khurshid Ahmad 397.969 182 Muhammad Shoaib Khan H No 240 Block I Sector C-Ii Township Lahore Near Ghazi Chowk Lahore 35200-7563909-5 Muhammad Akram Khan 782.981 764. 3253932/0321-6490019/3891485 Gujranwala 34101-3393350-3 Abdul Rasheed 566.871 167 Ghazala Tahir House # 7.119 919.421 608.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.492 175 Aloe Pak Suit # 39.519 198.371 - 954.587 2.647 169 Sheraz Ahmed Siddiqui Lakson Square Building No 2 4Th Floor Sarwar Shaheed Road Press Club Karachi 42201-0653465-5 Zamir Ahmed Siddiqui 820.706 389.185 51. 42301-1113005-1 (Late) Hamid Ali 920.852 818.661 2.589 2.119 104.260 801.520 856.852 974.944.014.192 54.267 1.493 1.770 166 Muhammad Aslam Power Loom H No 690.005.121 Arshad Masih 963.058 942.687. 07 Street No.B.017 31. Sadiq Plaza.834 511.906 862. Karachi 42000-0475366-7 M Abdul Waris 155 Shahzad Waseem Arshad Nvi-60-S-6 Al-Madad Pak Colony Timber Market Lahore 35202-9039560-3 Nawab Din 156 Mumtaz Nasreen Mental Hospital Jail Road Lahore Department Of Male Teaching One Lahore 35202-6550235-8 157 Saleem Flat No 10 3Rd Floor Bukhari Mention New Minhas Road Kharadar Police Chowki Near QaidE-Azam Birth Place Karachi 158 Syed Masood Hamid Ali 159 Principal Interest/ Mark up Total Amount Written off / Concession Interest/ Mark up Principal Total Balance 934.842 699.761 - 1.019.172 164 Fareed Ahmed Khan A-33 Sector No 11-A Power House Chowrangi North Karachi.S Fabrics M.196 552.455 920.891.816 73.896 836.319 170 Khalid Karandi House House 1694/105 Street 3 Out Side Dehli Gate Arif Pura Multan Multan 36302-6921644-5 Muhammad Afzal 1.642 720.842 852.293 646.931 889.488 504.754 941.557 824.650 1.043 820.587 987.S Fabrics Budhla Road.033. PECHS Karachi 42201-7693649-2 Mohammad Tahir 2.395 177 Muhammad Arshad Javed House No 41 Ali Block Itiefaq Town Lahore.007 885.684 - 816. Out Side Dehli Gate Arif Pura Multan 36302-8569099-7 Muhammad Buta 1. Karachi.962 59.871 374.224 1.192 158.330 1.540 22.567 55.876 677.552 830. Karachi 42101-5143414-3 Ismail Muqaddam 814.395 357.231 91.746 472.499.745 106.153 68.940 910.460 879.250 439.545 108 Standard Chartered Annual Report 2015 .005.201 99.662 - 856.267 895.369.554 180 Mirza Ali Yar Baig Larix Colony GS-11 H No 117 Mohalla Nistar Park Karachi Phatak Mughal Pura Lahore Cantt Lahore 35201-9372806-9 Mirza Akram Baig 778.201 31.7446070/7520730/03004151068 35202-2889951-5 Muhammad Ibrahim 1. Karachi 42301-2303623-3 Rana Muhammad Yaqoob 933.529 802. Block 2 Main Tariq Road.078 162 Raheel Rahman 53/2 21St Street Phase # 5 DHA Karachi.395 163 Syed Adil Hussain House# 23-K.842 - 95.491 795.348 839.876 802.185 500.441.906 862.008. Block-2 PECHS.195 844.341 804.447 816.034 77.060 678.327 117.P P-W-R Workshop Mughalpura P-W-R Workshop Lahore 35201-7662135-7 A Rauf Malik 750.146 15.598 977.188 938.543 137.329 927.740 3.043.000 21. The Mall.063.816 1. 1St Floor Ali Centre.452 395.196 552.774 186 Owais Uddin Ahmed E-5-3 Country Club Street 33 Dha Phase V Ext Karachi 35201-4189230-1 Mushtaq Uddin Ahmed 720.031.902 516. F 3/4-A Afghani Road Samanabad Lahore.850 13.260.391 179 Syed Muhammad Saad Atiq Suit No 301 Al Ameen Tower Block 10 Upon Chase Gulshan-e-Iqbal Karachi 42101-5465427-5 Syed Muhammad Atiq 708.000 - 750.185 68.872 845.683 564.970 - 1.901 708. 42000-0508914-7 Abdur Rahman 834.410 874.274 868.335 1.054 1.260 833.371 924.033.597 165 Rana Muhammad Nabeel House No D-352 Navy Housing Scheme Block 9 Clifton 2 Talwar KehKashan.520 178 Nisar Abbasi House No11 Block E Main Double Road Soan Avenue Soan Garden Housing Society Islamabad Islamabad 61101-1752491-1 Muhammad Ashraf Khan Abbasi 605.078 191. NO.316 1.031.352 184 Syed Shakir Hussain Rizvi H No A-144 Bloch 1 North Nazimabad Karachi. Zia Uddin Ahmed Rd.417 152.872 2.337 168 Inam Hasan Muqaddam C-34 4Th Floor Wajid Square Gulshan-e-Iqbal Block No 16 Karachi University Road Near Baitul Mukarram Masjid.192 106.088. 2 Mohallah Tariqabad Khokhar Kee Gujranwala.188 2.826 778. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name 154 Muhammad Abdulwajed Farooqi B 89 Block 7 Gulistan-e-Johar.392.472 397.774 879.839.409 963.090 718.161 173 Tanveer Rasheed House No.587.191 756.834 511.746 447.060 - 88.929 812.531 93.021 1.121 1.574 312.872 1.981 - 782.726 845.161 187 Shiekh Sajjad Hussain H No 592 Block A Wasa Training Centre Gulshan-e-Ravi Lahore 35202-2938611-9 Shiekh Muhammad Akbar 750.835 42301-2284238-5 Haji Sattar 954.921 1.881.662.452 172 Rakhel Bibi Surgical Opd Sheikh Zayed Hospital New Campus Lahore 35200-5102881-6 Nasir Mohan Massi 867.075. 42101-5633438-5 Syed Shoukat Hussain 951. Karachi 42201-6213678-1 Syed Mukhtar Ali Shah 1.683 564.207 131.766.000 738.872 901.694 817.567 57. 3Rd Floor.988 52.781 875.090 771.850 71.500 79.034 174 Manzar Ali Flat No 18-A Super Palace Civil Line Ziauddin Ahmed Road Karachi Club Karachi 42301-9738688-7 Sher Muhammad Bughio 829.859 836.571 870.520 183 Nasir Rauf Malik N.339.466 814.317 176 M.080 Dawn Group Of Newspaper Haroon House Dr. Second Floor Azizabad F.062.263 88.411 797.147 934.435 933.207 109. 35202-2959453-3 Mian Muhammad Rafiq 1.250 161 Mian Hamid Rafifque House No.929 816.296 961.910 Muhammad Ather 15-MCB House Gulberg KASAB Bank Lahore 35202-2170993-9 Muhammad 1.054 991.940 - 933.935 160 Rashid Mehmood Rashid Bros Poultary Shop No 16 Paf Market Chaklala Road Rawalpindi 37405-5513108-7 Ashiq Hussain 1.816 108.970 915.491 795.132 2. Near Shoukat Pehlwan Chowk Multan 36302-8850910-3 Muhammad Tufail 357.185 500.902 567.488 504.030.

141 194 Safco Enterpris Office 50.409 472.711.958 714.193 48.966 214 Syed Abdul Aziz House No R-195 Sector 15-B Buffor Zone Today'S Restaurant North Karachi.250 746.429 12.481 - 50.590 4. Karachi 42101-4369750-3 Syed Abdul Sami 627.705 542.288 200 Fahd Ahmed Shaikh H No 34/1 Phase 05 Khayaban-eTanzeem Khada Market Karachi 42301-3326071-1 Rashid Ahmed Shaikh 637.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.183 76.766 17.762 143.918 522.903.685 670.453 201 Mohammad Ammad Khan Ghauri H # 381.146 24.241 628.627 751.411 563. Sunnyside Apartment.670 26.657 667.446 681.038 644.116 2.748 18.087.553 459. Civil Lines Karachi 42301-1106096-9 Mohammad Akbar Yazdani 589.849 682.721 Financial statements and notes 188 109 .146 70. Lahore 36402-2337357-1 Murtaza Khan Sherwani 622.183 91.711 86. Koran Town.812 60.794 82.554 - 645.973 189 Amir Siddiqui House No 5 Street No 1 Mahmoodabad Begum Pura Near Shawala Chowk Lahore 35202-2928739-7 Mohammad Siddiqui 737.859 74.268 694.344 208 Mirza Ayaz Akhtar Baig Flat # A-6 Al Nusrat Square Plot # Sc-4 Block-L North Nazimabad Karachi 42101-0373672-5 Mirza Ijaz Akhtar Baig 669.020 205 Tariq Rauf Khan 1-J-21/8 Nazimabad No.257 77.063 25.828 484.015 640.075 764.739 782.030 642.554 217 Muhammad Farrukh Dawoodani Ground Floor Bahria Complex 1 M.098.140 637.175 598.523 193 Awais Weaving Industries Chak#70Jb Mansooran Jhang Road Faisalabad 33100-0313868-3 Chaudhry Ahmed Deen 1.481 510.974 696.204 37.990 32.987 215 Humaira Makhdoom H # 17-A/2 West Street Phase-I D.528 643.953 13.833 708.552 623.Block.877 211 Adnan Adnan Axact Pvt Ltd Axact House Axact Street Main Khayaban-e-Ittehad Phase VII D.201 113.509 784.A Karachi 42201-0948226-3 Ghulam Ali - - - 536.180 217.233 153.639.613 93.614 195 Khalid Ahmed Khan Office # 10.017 26.134 219 Abdul Rahman Khan Sherwani House # 5/16. Zaman Colony Cavalry Ground.098.584 799.890 875.338 529.594.997 690.537 213 Muhammad Tahir Ghori Dadex Sales Office Plot No 13-C Main Khayaban-e-Ittehad Phase No 2 DHA Near Faysal Bank Karachi 41304-3592041-1 Saghir Ahmed Ghori 632.712 669.796 714.786 783.851 2.R 125 Tariq Bin Zayed Society Rehmania Masjid Malir Halt.281 42.134 197 Azhar Masood Bhatti House No.693 563.974.200. Farooqi 203-42-061196 280.171 204 Muhammad Suleman House No C-145 Street No 8 Bhatai Road D3 Buss Stop Gulistan-e-Johar Karachi 42201-5541377-1 Ghulam Rasool Gilal 653.478 124.554.143 123.877 171. Sunset Blvd . St-7.063 669.031 746.143 210 Muhammad Saddique Shamas Malik Street Ward # 06 Sher Shah Road Mohalla Khudadad Colony Multan 36302-9377601-5 Abdul Majeed 721. Karachi 42101-1504951-1 Ansar Ahmed 1. Jami Phase 2 Ext DHA Karachi 35202-2178117-7 Abdul Rasheed 667.705 459.499 646. DHA II Malir Cantt .777 221 Muhammad Haris Banglow No.421 622.493 308.631 566.734 178.143 123.451 198 Mian Muhammad House # 251-G Street -01.554 645.201 148.372 781. Security Check Post.976 216 Jawed Ali Khan Shop # 8 S.980 - 783.410 203 Muhammad Saeed Siddiqui Sharja Bartan Store Muslim Road Gali Javaid Butt Wali Gujranwala 34101-3817619-5 Muhammad Siddiq Siddique 1.117 772.393 218 Shehzad Akbar Yazdani 28.976 702.967 - 781.906 207 Muhammad Nawaz (Deceased) Near Coca Cola Factory. Moh Jan Muhammad Colony Multan 32304-1908515-3 Mian Atta Muhammad 3.772 803.514 790. Street 5 Muhalla Phase 4 Gulraiz Colony Rawalpindi 37405-5116888-7 Muhammad Munir Khan 724.657 192 Nasir Junaid Habib Bank Masi Gate Branch Saddar. Rawalpindi 61101-2461579-3 Bashir Ahmad 714.242 512.529 57.082 1.297 626. Mumtaz Abad Moh Haidri Colony.550 206 Marco 2-D Hill Top Arcade .332 209 Asif Ibrahim Zahidi Flat No 7 Mohammadi View Appartment Plot Z-49-A Opp DHA Phase 1 Mehmoodabad Road Karachi 42000-9733476-7 Muhammad Ibrahim Zahidi 619.209 711.409 472.497 702.909 790.493 308.063 - 669.759 701.816 1.271 728.788 588.451 764.845 703.812 53.549 2. Multan 36302-9913897-1 Muhammad Hayat 2.1 Near Madina Masjid Near Muslim League Quarters Karachi 42101-0621558-5 Abdul Rauf Khan 1. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Interest/ Mark up Principal Amount Written off / Concession Total Interest/ Mark up Principal Total Balance Barkat Ali Flat No B-06 Sector 32/A Labour Square Ali Public School Korangi No 11/2 Karachi 34602-6513929-3 Muhammad Sain 700.024 494.634 683.909 713. H. Taimuria Library.945 596.314 497.1 Al Syed P Laza Opp Shaheen Cargo Terminal Airport Rawalpindi 61101-1958167-5 Ghulam Haider 577.608 653.A Karachi.Karachi 42101-2919794-3 Jamil Ahmed Khan 4.223 637. Farooqui Shahood A.471 14.631 569.821 633.566 - 754.762 125.H Worth Nazimabad.828 502.Ee-1.620 202 Hussain Haider Sahibzada Eurasia Shippers Off. DHA.167 191 Sheikh Qasim Flat No 2 Plot No 23/E Stafff Lane One Main Kh.T Khan Road Lalazar Near Beach Luxary Hotel Karachi 42201-5345229-7 Yaqoob Ali 598.903 280.980 718.355 34.2Nd Flr Defence View Phase-Ii Near Iqra University Karachi Axact Pakistan / 114-116C Tami Comm St Main Khayaban-e-Ittehad Phase 7 Near SCB Ittehad Branch Karachi 42101-6245394-9 Mumtaz Ahmad 50.952 754.663 212 Naeem Uddin Siddiqi House No F / L . St-2 Opp.518 758.589 79.652.E.743 647.840 639.H.308 793. No. 42301-7399885-8 Mohammad Afzal Randhawa 444.743 671.674 619.787 160.355 46. Karachi 41303-4168302-3 Nizam Uddin Siddiqi 588. Allama Iqbal Town Lahore 35202-3091698-3 Farkh Masood Bhatti 2.651 674.277 220 Muzaffar Ali Bhatti 42301-0944839-7 Mohammad Anwar Javed 497.814 145.906 230.498 127.046 5.534.994 602.046 791.242 512.520 639. Karachi Mashhur A .949 609.062 190 Nasreen Tanveer Works Directorate Kda Scheme#01 Civil Aviation Lal Qila Resturant Authority Karachi 42201-5754034-0 Muhammad Tanveer 783.372 196 Fahad Abbas Akbar Nespak 158 Garden Block Daewoo Terminal Garden Town Lahore 34101-1478662-3 Ghazanfar Ali Khan 754.344 388. 13. Karachi "Arif Ali Khan 210-52-401940" Khalid Ali 230.794 657.075.952 199 Muhammad Abrar Ul Haq House-31.497 702.795 48.794 13.384 Nizam Block.208 707.233. Sunnyside Road.247 13. Islamabad 35302-1984431-7 Rao Tufail Muhammad 687.514 790.174 629.546 643.H.921 446.055 2.936.046 690. St # 6.7 Ambreen Shopping Centre Hyderi Market Block G North Nazimabad Karachi.912 44.634 1.208 731. NO.851 697.006 - 764.334 16.188.517.

705 499.271 599.491 110 Standard Chartered Annual Report 2015 .036 14.241 173.599 1.579 578.359 - Amount Written off / Concession Principal Interest/ Mark up Total Balance 613.243 552.867 - 499.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.959 225 Abdul Razzak Bma Capital Management Ltd Level 8 Uni Tower Uni Plaza I.687 100. NO.390 100.541. Name 222 Wasim Ahmad Khan 223 Muhammad Fareeduddin 224 Danish Younus Address Cargo Plus 25-A 1St Floor Ittefaq Plaza Wahdat Road Lahore Name of Partners/ Directors NIC / CNIC Father / Husband Name 35202-2428258-1 Ahmed Wali Khan Axact Pakistan 114-116C Jan Comm Main St Main Khayaban-eIttehad near Ittehad Branch Karachi 42201-3610582-1 Muhammad Salahuddin Plot No 285 Flat No 302 3Rd Floor Sharfabad Apartment Near Ptv Station Karachi.165 88.231 526.596 630.273. Roahi Nala Stop Meyo Plaza.070 87.868 617.916 497.307 126.939 44.709 90.739 633.483 22.904 584.600 656.973 82.866 240 Muhammad Sajid Jamal H No 11 St No 23-A (6) Mohalla Nizam Abad Asghar General Store Kot Khawja Saeed Baghban Pura Lahore 35201-4319005-9 Jamal Din 289.286 544.244 - 382.317 245 Syed Arshad Ali Rizvi Bungalow No 39 Main Khayaban E Bukhari Near 01 Misri Shah Mazar Phase 6 DHA Karachi 42301-1091489-1 Syed Aziz Ur Rehman 457.544 99.244 499.225 499.245 423.364 581.968 - 308.659 499.153 583.521 499.329 599.364 233 Abdul Ghaffar House No. Service Road Ghori Town Phase Iii.996 1.593 648.172 693.P-124 Street No.255 592.968 470.872 86.091 118. Islamabad 61101-9589075-9 Sabir Hussain Khan 612.873 611.168 125.448 600.549 527.946 90.998 238 Adnan Khurram 1St Floor Room 1 Habib Bank Plaza Sindh Madarsa Building Karachi 42301-4623616-3 Sheikh Muhammad Iqbal 491.931 74.271 599.321 496.454 591.091 118.198 457.177 248 Aman Ullah Shaikh Flat#B-304 3Ard Flr Billy'S Paradise Phase-2 Perfume Chowk Karachi Blk 17 Gulistan-e-Johar Karachi 45203-4947530-1 Mola Bux Shaikh 620.889 588. Lahore 36402-2337357-1 Murtaza Khan Sherwani 467.524 226 Sheikh Rehan Yousaf Sheikh Usman Mobile Centre Shop #26 Jinnah Market Main Bazaar Township Lahore 35202-6249389-1 Sheikh Muhammad Yousaf 563.364 244 Khalid Mehmood House No 389 Phase 1 Malir Cantt Cheak Post Karachi 61101-5034240-9 Muhammad Ashraf 499.152 561.245 267.168 125.158 589.866 499.531 562.763 Total 7563775/03218472108/7553110-11 Lahore 223 Muhammad Fareeduddin Axact Pakistan 114-116C Jan Comm Main St Main Khayaban-eIttehad near Ittehad Branch Karachi 42201-3610582-1 Muhammad Salahuddin 224 Danish Younus Plot No 285 Flat No 302 3Rd Floor Sharfabad Apartment Near Ptv Station Karachi.779 599.356 228 Aamir Anjum H # 1A.872 106. 42201-3812430-5 Younis 382.683 590.389 583.654 557.200 584.709 90.910 563.868 557.068 594.629 239 Shahid Mehmood House No 2 Ideal Homes Kotely Pir Abdul Rehman Shalimar Bagh Gt Road Lahore Near Pakistan Mint Lahore 35201-1398542-9 Muhammad Ishaqe 499.522 237 Hashim Ali H/No G 47 Kucha Muhammad Inside Yakki Gate Sadiq Lahore 35202-5233858-3 Nazir Hussain 457.081 248. Lahore 34201-0366080-3 Chaudry Allah Dita 499.454 127.413 89.012 632.042 614. Zaman Colony Cavalry Ground.902 - 289. Defence Road.868 617.511 234 Saad Saud 187-A Ahmed Block Raja Market New Garden Town Lahore 35202-8431235-9 Saud Hanif 308.680 512.204 582.129 13.374 227 Al Muslim Zari Services C/O Liaqat Ali Phiple Coloney H # 161 Street # 5 Sahiwal 36502-9039976-1 Ghulam Rasool 998.751 231 Chaudry Muhammad Nasir 22Km Ferozpur Road.509 508.1 Banker Faisalabad.916 - 499.596 630.664 588.603 242 Saad Saud 187-A Ahmed Block Raja Market New Garden Town Lahore 35202-8431235-9 Saud Hanif 499.902 501.179 113.482 356.283 126.951 596.939 88.884 - - 505. St # 6.131 236 Abdul Rahman Khan Sherwani House # 5/16.3 Rabani Colony No.661 499.867 494.972 37.152 - 571.483 44.158 589.159 467.380 230 Ghulam Murtaza Engro Polymer Port Qasim Dept Operation Tower Steel Karachi 42501-9865917-5 Muhammad 571.672 229 Khushnoda Kosar 16-Km Raiwind Road Superior University Lahore 35201-2307092-2 Kashif Fayyaz Syed 642.244 - 382.041 587.387 235 Qamer Rahi Axact House Axact Street Ph VII Khayaban E Ittehad DHA near KFC Karachi 42201-0746973-9 Sameul Masih - - - 482. Cantt Lahore 35201-1627005-7 Muhammad Ishaq 496.959 - - - 505.932 47.319 247 Muhammad Zakria H No 25 St No 7 Mehrab Wali Street Begum Kot Lajpat Road Shahdara Lahore 35202-9147946-9 Muhammad Taqi 499.931 43.157 540.763 382. Behind Alsuleman Plaza.482 362.695 90. 33100-4078377-9 Ghulam Nabi 1.165 44.036 36.433 604.930 63.390 100.355.687 613.545 134.661 232 Atif Raza May Fair Group Of Companies Raiwind Manga Road Dars Road Lahore 36502-0903734-9 Riaz Hussain Jaffery 563.972 27.454 31.875 577.261 457.I Chundrigar Road Karachi 42301-9404703-1 K V Muhammad 570.239 42.978 531.128 24.959 241 Maqbool Hussain Zaidi Shop No 6 Ground Floor Bombay Tower Sanai Hotel Abbott Road Lahore 35202-8740383-1 Inaam Ullah Zaidi 499.080 596.738 570.736 243 Zulfiqar Ali H No 05 Block H Shah Khawar Town. 42201-3812430-5 Younis Principal Interest/ Mark up 526.659 - 491.071 51.266 596.436 246 Muhammad Imran 3-A Khoghar Building Awan Group Royal Cargo Shobara Hotel Services Lahore 42201-3545897-1 Gulstan Khan 514.283 73.244 499.087 85.

34 Askari III School Road Cantt Karachi 42301-9693886-5 Ghulam Gelani 463.395 262 Ghulam Abbas Jafre B-185 Block -I Khatija Market North Nazimabad Karachi 42101-1575078-7 Syed Nasir Hussain Jafre 500.923 250 Khurram Shahbaz House Shop 10 Abdul Mali Road Lahore Hotel Lahore 35202-7144214-9 Sheikh Ameer Ali 491.224 558.059 81. Sheraz Parvaiz 34603-8171751-1.Block.193 166.695 87.817 85.909 253 Syed Mohammad Azam Almadni Al Madni Services Shop 28 Civil Aviation Mkt Opp Terminal 1 Airport. St-2 Opp. Taimuria Library. 3. Mulki Hayat Tayer Wala Lahore 17101-5556926-1 Meer Alam Khan 478.544 272 Syed Taufiq Mannan House No A-211 Block L North Nazimabad Karachi near Landikotel Chuarangi Karachi 42101-2781343-5 Muhammad Abdul Mannan 551.950 268 Abdul Hameed H No 10 St No 3 Afzal Park Bloom Field School Harbanspura Lahore 35201-1693635-9 Hassan Muhammad Chudhry 503.190 255 Muhammad Khurram Munir Street No 8 North Ghang Road Shaikhopura near Stadium Sheikhupura 35404-1563250-9 Muhammad Munir Bajwa 500.687 558.823 560.759 469.293-294 Main Sarfraz Colony Faisalabad 33100-0132710-1 Sheikh Muhammad Ismail 499.386 79.786 548.137 474.362 153.342 553.524 8.072 42.416 449.294 491.224 78.698 515.730 67.729 270 Rumel 61/18.716 570.608 578.993 14.561 514.213 559.232 52.047 548.291 484.869 258 Shakeel Ahmad H No 14 St No 1 Paradise Houses Super Town Fine Store Link 2 Main Boulevard Defence Lahore 35201-5604099-5 Muhammad Rafiq 492.533 462.297 87.742 527.000 - 500.893 58.005 565. Parvez Iqbal .000 500. Tasneem Kauser 34603-2189703-0" Sh.671 506.787.817 71.031 269 Wasim Ahmad Khan Cargo Plus 25-A 1St Floor Ittefaq Plaza Wahdat Road Lahore 35202-2428258-1 Ahmed Wali Khan 474.696 411.308 527.233 486.610 49.905 251 Mohsin Ikram Mi Holidays And Travel 8-V 12 Central Street Pns Shifa Phase 2 DHA Karachi 42301-4338793-1 Sheikh Wasim Akram 499.435 271 Yousaf Rasheed A One Network Salam Chambers.409 434.542 475.851 27.852 559.220 554.666 641.H North Nazimabad. Tariq Road.600 497. 553.356 41.661 254 Aamir Iqbal Khan House Number 12 .2 Sardar Muhammad Ali Road Model Colony Karachi Near 9. Sh.562 548.571 56.858 - 562.013 559.992 116.963 95.507 512.687 557. 7B.046 513.171 263 Muhammad Siddiq 21/32.858 506.864 74.649 - 448.683 275 Syed Yawer Abbas Rizvi M/S National Refinery Ltd.715 534.084 264 Faisal Farooq Nirala Group Of Companies 161 Shadman 2 Lahore 35202-2895477-1 Farooq Ahmed 476.880 527.525 89.706 37.082 482.673 14.435 - 553.297 508. Parvez Iqbal.182 80. Sialkot "Sh.224 24.895 551.866 548.768 84.665 500.426 565.666 565.206 257 Muhammad Zahid House No.232 540.573 7.730 39.898 261 Khalid Ahmed Khan Office # 10.158 12.First Faloor Sher Pao Bridge Gos-e-Azam Colony .386 52.687 558.515 85.372 551. NO.413 479.864 578.865 81.610 487.610 49.000 67.749 265 Munawar Ghulam Plot 199 Sector 23 Hamdard Package Shan Foods Korangi Karachi 42301-0776113-3 Ghulam Murad 508.435 553.291 - 484. Gulbarg2 Lahore 36302-4614694-7 Iqbal Muhammad Khan 529.437 569.158 59.751 527.518 12.397 10.816 274 Muhammad Samad Street No 15/7 Royal Park Near Intikhab Jadeed Press Lahore 35200-1464829-5 Mian Salah Uddin 462.828 297. Karachi 42101-2919794-3 Jamil Ahmed Khan 479.291 63.268 256 Muhammad Sohail House No 830 Allalh Wala Town Sector 31G Korangi Crossing Karachi 42301-6180508-3 Muhammad Younas 448. W/O.075 85.629 276 Azhar Iqbal H No 33 St No 10 Area -A Qayumabad Sir Syed Hospital Korangi Road Karachi 42201-4669700-5 Muhammad Iqbal 484.552 551.457 373. 2nd Floor 22-Link Mcleod Road Patiala Ground Lahore 35202-0487695-5 Hafiz Abdur Rashid 434.202 267 Hashim Ali House #G-47 Kucha Ch.481 252 Qamar Sohail House#SD. Near Sher Pao Bridge.159 484.243 566.696 411.751 537.649 470.231 532.629 2. Karachi 42101-6254049-5 Syed Saeed Ahmed Rizvi 2.998 492.835 569. Korangi.240 470.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.293 497.489.460 554.077 Financial statements and notes 249 111 . Karachi 42201-5921187-1 Syed Mohd Younus Almadni 491.078 273 Abdul Majeed Mangi Fl 3/5 9Th Floor Bismillah Terrace Nai Basti Punjab Colony Opp Clif Contenment Boare Fire Stat Street No 2 Karachi 45504-1142507-5 Muhammad Aslam Mangi 472.644 471.649 562.742 - 529.866 464. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Principal Interest/ Mark up Total Balance Ijaz Gul House No 378 Street No 25 1St Floor E-11/4 Islamabad 61101-6162241-1 Qazi Salahuddin 470.997 535.362 260 Muhammad Imran 3-A Khoghar Building Awan Group Royal Cargo Shobara Hotel Services Lahore 42201-3545897-1 Gulstan Khan 482.813 404. Faizabad Faisalabad 246-86-116174 Nizam Din 229.297 43.Sui T # 1. Muhammad Saddique Inside Yaki Gate Lahore 35202-5233858-3 Nazir Hussain 487.923 491.327 73.067 175.268 567.435 - 553.297 266 Naseer Ullah Plot No 16 Truck Stand Ravi Link Road.786 574.754 259 Habib Ur Rehman And Company C/O Habib Ur Rehman Behind Darbar Baba Qaim Sayin Street No.795 514.769 512.182 53.327 14.310 58.C Bus Stop Karachi 42201-0680242-5 Abdul Jabbar Salim 562.

004.660 305 Muhammad Aslam Khan Kanjoo House No 15A Street No 43 Qila Mohammadi Moon Public School Ravi Road.782 280 Zafar Afzal 429-Abbas Block Mustafa Town Lahore 35202-1601742-5 Muhammad Afzal 1.827 11.032 36.786 470.145 63.473 66.706 530.583 51.218 293 Naveed Joseph City School 31 Ind Area Gurumangat Road Nadeem Tikka Gulberg III Lahore 35201-1516403-5 Joseph Gill 492.485 415.117 472.867 97.805 442.567 289 Ali Akbar Aamar Jewelers 1780/A Sarafa Bazar.185 401.965 74.713 526.T. Block-F North Nazimabad Karachi 42101-2479755-3 Muhammad Farooq 449.932 519.717 306 Owais Mirza Elite Publishers Ltd D-118 S I T E.636 429.052 393.800 522.849 115.654 14.128 511.017 484.144 506.509.032 525.349 114.915 71.733 481.851 408. Karachi 42000-6524471-9 Ahmed Mirza Jamil 227.356 283 Muhammad Sohail House No 830 Allalh Wala Town Sector 31G Korangi Crossing Karachi 42301-6180508-3 Muhammad Younas 488.013 522.776 112 Standard Chartered Annual Report 2015 . 278 Mian Muhammad Atif A-58/1 Jinnah Garden Model Colony Karachi Near Malir Cantt Karachi 42501-9540449-5 Mian Muhammad Sadiq 498.009 491.601 459.853 527.072 540.000 293.648 416.206.459 522.882 76.075 472. NO.144 491.407 302 Ahsanullah Flat No C-10 4th Floor Bed Rock Appartment Teen Talwar Race Course Road Clifton Karachi 45504-1142018-1 Atta Muhammad Shaikh 494.139 522.738 10.216 492.935 522.772 498.A. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Principal Interest/ Mark up Total Balance 277 Aftab Alam Flat No 101 Bhayania Sunview Gulshan-e-Iqbal University Road Govt Boys High School Karachi 41103-7244038-5 Shoukat Ali 492.000 412.131 298 Pervaiz Suleman Suit 605 6Th Floor Jillani Tower M.072 14.583 - 486.755 505.915 481.288 297 Imdad Hussain House No P-424.915 494.771 106.509 546.660 - 509.153 5.848 443.000 - 485.474 536.000 - 492.580 503.126 2.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.198 286 Sheikh Tariq Mahmood House# 837 Muhallah Sabzazar Scheme Block A near Liaqat Chowk Lahore 35202-0659529-7 Muhammad Afzal 481.345 299 Muhammed Naeem House 122-B St# 42 floor Upper F10/4 near Silver Oxe Islamabad 61101-6195009-7 Muhammad Muneer 331.623 446.200 71.043 540.614 433.131 516.570 486.438 67. Lahore 35201-0949909-1 Imran Qamar 398.196 106.267 510.9 Imperial Hotel Building M.931 9.072 54.595 2.545 483.910 290 Ammar Ali Rashid Office No 207 2Nd Floor Chenab Plaza Jinnah Avenue SCB Blue Area Islamabad 61101-6813421-3 Rashid Shafaat Ullah Khan 463.166 453.796 28.561 301 Abdul Rab Khan H No 304-G3 3rd floor Alamode Appartment Teen Talwar Block 8 Clifton Karachi 42301-0853809-1 Haji Abdul Sami 505.873 291 Sher Muhammad Shaikh Appt No 603 Sea Breeze Heights Block 2 Clifton Karachi 42201-9190396-7 Nazar Muhammad Shaikh 1.745 287 Shahzad Aziz Malik 140 U Phase 2 DHA Lahore 35201-3023443-9 Abdul Aziz Malik 408.805 444.937 77.739 1.345 54.231 - 540.000 516.869 21.050 404.068 411 488.959 517.286 303 Waseem Reyaz Sheikh Room No.628 282 Khurram Bukhari Aga Khan Hospital Chief Operation Officer Department Time Medicos Stadium Road Karachi 41303-7659692-7 Zahoor Hussain Shah Bukhari 457.060 512.810 397.003.053 .119 92.849 296 Syed Rashid Farooq 811-E-I Johar Town Lahore Near Lahore Grammar School Lahore 32102-4905383-7 Syed Farooq Ali 452.459 292 Saleem Akhtar Khan 39/41 Chughtai Park Nicholsan Road Lahore 35202-2570495-7 Adalat Khan 441.176 504.732 479.660 509.211 536.706 396.919 32. Multan 36302-0296624-7 Humayun Naseer Shaikh 466.043 281 Sumera Eye Deptt Isr Floor Mayo Hospital King Edward College Lahore Lahore 33302-6979820-8 Hashmat Ali 486.345 34.055 491.574.780 517.547 513.371 506.381 288 Muhammad Sheeraz Farooq Flat # 401.705 463.654 279 Abid Habib R 312 Sector 14B Shadman Town Sakhi Hassan Qabristan North Karachi Karachi 42101-8416718-5 Habib Qasim 485.032 45.Jinnha Road Karachi 42101-1718624-3 Suleman 461.919 63.209 300 Ali Naveed Pirzada 1 Habibullah Road (Off Davis Road) Al-Ayesha High School Lahore 35201-8886908-9 Naveed Aslam Pirzada 414.185 - 398.370 516.502 522.831 62.654 - 516.736 524.Khan Road 01 Karachi 42101-3801843-5 Sheikh Mohammad Reyaz 449.473 42.583 486. Sarwar Road.045 537.179 304 Muhammad Ali Kausar 22 F PIA Housing Society Near Wapda Chowk Lahore 35202-7442828-1 Muhammad Ali Kausar 999.345 25. Lahore 35202-9902176-7 Lal Buksh Khan Kanjoo 472.812 481.169 73. Cantt.738 18.457 12.418 75.000 473.009 514.710.267 543. Opp Lasori Shah Jung Bazar Faisalabad 33100-0488382-9 Muhammad Younas 724.915 14.545 - 498.897 233.198 50.710 67.196 36.936 452.831 74.528 420. Prime View Appartment.479 461.177 284 Adeel Hussain Plot#2 Moalimabad Shaheed e Millat Road near Bahadurabad Chourangi Karachi 42000-0495256-5 Rafique Hussain 476.796 486.848 - 331.000 472.179 285 Simon Moses H No 53 Dilkusha Road Gill Street Model Town Lahore 35201-1354564-1 Moses Anthony 481.881 513.981 547.126 110.526 42.959 449.212 101.176 515.950 295 Asim Qamar 129 Sarwar Colony.968 307 Maqbool Hussain Zaidi Shop No 6 Ground Floor Bombay Tower Sanai Hotel Abbott Road Lahore 35202-8740383-1 Inaam Ullah Zaidi 397.349 117.393 1.009 25.018 123.693 513.211 294 Wajahat Ali Khan A Best Choice/ Ofice#13 1st Floor Rehmat Plaza F-6/4 Blue Area Near Awan Arcade Islamabad 61101-2595873-7 Mumtaz Khan 379.

130 1. NO.422.810 397.720.614 433.254 448.449.Un-Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.754 527.642 42201-7451247-3 Muhammad Shafi 462.654.191 500.919 310 Muhammad Naeem 18 C Sally Town Harbanspura Road Lahore Cantt Lahore Flat # B 406 4Th Floor Abid Appartment Block 2 Gulshan-e-Iqbal near Iqra University Karachi Total 1.807.101 542.451 1.810.580 503.254 - 462.812 1.670.681 2.776 308 Waqas Zia Shop No 10 Mehrabad Building Nishter Road.557 67.193 502.913.196 106.331 502. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Principal Interest/ Mark up Total Balance 307 Maqbool Hussain Zaidi Shop No 6 Ground Floor Bombay Tower Sanai Hotel Abbott Road Lahore 35202-8740383-1 Inaam Ullah Zaidi 397.199 2. Karachi 42301-2568424-3 Zia Ul Hassan 456. near Garden.026.650 Financial statements and notes 113 .231.448 93.549 449.506 435.889 309 Mohammad Nadeem Aslam 35201-3860569-7 Mohammad Aslam 449.752 70.196 36.860.449 53.728 52.422.

Standard Chartered Bank (Pakistan) Limited Consolidated Financial Statements For the year ended 31 December 2015 2 Standard Chartered Annual Report 2015 .

Karachi KPMG Taseer Hadi & Co. consolidated statement of changes in equity. the consolidated financial statements present fairly the financial position of Standard Chartered Bank (Pakistan) Limited and its subsidiary companies as at 31 December 2015 and the results of their operations for the year then ended.pk Auditors’ Report to the Members We have audited the annexed consolidated financial statements comprising consolidated statement of financial position of Standard Chartered Bank (Pakistan) Limited and its subsidiary companies as at 31 December 2015 and the related consolidated profit and loss account. 2 Beaumont Road Karachi 75530 Pakistan Telephone:+ 92 (21) 3568 5847 Fax: + 92 (21) 3568 5095 Internet: www.kpmg. Chartered Accountants Muhammad Taufiq 115 Financial statements and notes Date: 03 March. In our opinion. We have also expressed separate opinion on the financial statements of Standard Chartered Bank (Pakistan) Limited and have reviewed its subsidiary companies namely Standard Chartered Leasing Limited and Standard Chartered Modaraba for the six months period ended 31 December 2015 except for Standard Chartered Services of Pakistan (Private) Limited which was reviewed by other firm of auditors for the six months period to 31 December 2015 whose report has been furnished to us and our opinion. These financial statements are responsibility of the Holding Company’s management. Our audit was conducted in accordance with the International Standards on Auditing and accordingly included such tests of accounting records and such other auditing procedures as we considered necessary in the circumstances.KPMG Taseer Hadi & Co.com. consolidated statement of comprehensive income. Chartered Accountants First Floor Sheikh Sultan Trust Building No. 2016 . is based solely on the report of such other auditors. in so far as it relates to the amounts included for such company. for the year then ended. Our responsibility is to express an opinion on these financial statements based on our audit. and consolidated cash flow statement together with the notes forming part thereof.

353 6.952 26.(Rupees in ’000) ------------ ASSETS Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Operating fixed assets Intangible assets Other assets 4 5 6 7 8 9 10 12 29.009 419.309 26.249 392.097 128.451 327. Chaudhri Director Standard Chartered Annual Report 2015 Parvez Ghias Director Spenta Kandawalla Director .986 38. Shazad Dada Chief Executive Officer 116 Najam I.720 31.238 55.633.510 21.553 26.563.594.500.258.575.900.979 61.223.575.218.000 2.671 304.500.813.833.889.309 6.net Other liabilities NET ASSETS REPRESENTED BY: The annexed notes 1 to 42 and Annexure I form an integral part of these consolidated financial statements.715.044 6.132 106.901 5.566 224.541 2.696 6.288 CONTINGENCIES AND COMMITMENTS 21 LIABILITIES Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Deferred tax liabilities .256.716.111.002 26.632.963.290 63.157.823.305.922.475.900.641.331 13 14 15 16 11 17 11.282.850 10.578 56.401.524 63.559 188.324 2.605 17.796 5.723.024.991.969.118 967.850 9.177 54.833 25.191 21.134 4.986 5.575.126.121.244.103 455.157.964.992.300.173.Consolidated Statement of Financial Position As at 31 December 2015 Note 2015 2014 ------------.784.288 Share capital Reserves Unappropriated profit Attributable to equity holders of the bank Non-controlling interests 18 19 Surplus / (deficit) on revaluation of assets .715.482.934.net of deferred tax 20 38.000 3.301 10.114 37.071 925.043 61.808.393 357.345 387.472 55.

269 28.281) (2.824) (555 ) (447.053 ) (12.108.(Rupees in ’000) ------------ 22 23 35.323) (204.683 3.net Unrealized gain on revaluation of investments classified as held for trading .current .122) 9.49 The annexed notes 1 to 42 and Annexure I form an integral part of these consolidated financial statements.748 727.116.617 (4.(Rupees) ---------------- BASIC / DILUTED EARNINGS PER SHARE 30 2.885 9.934 9.042 399.678 858 2.430.498 7.493) 21.231.39 2.430.344 ) (483.net Other income Total non mark-up / non interest income NON MARK-UP / NON INTEREST EXPENSES Administrative expenses Other (provisions) / reversal / asset write-offs Other charges Total non mark-up / non interest expenses Extra-ordinary / unusual items PROFIT BEFORE TAXATION Taxation .5.1 Net mark-up / return / interest income after provisions NON MARK-UP / NON INTEREST INCOME Fees.555.635.572) 22.665 (1.643 ) (215.564.007 15.469) 21.007 (4.994 ) (1.prior years' .3 8.496.766.307.883 (73.564.761 162.196 7.944.462 162.352) (12.865) (1.deferred 24 29 PROFIT AFTER TAXATION Attributable to : Equity holders of the bank Non-controlling interests ------------------.912.015.697 3.729) (181.495 ) 20.460 384.754 2.061.432) 15.180) (5.492) 252.861 28.269.328.133.128 54.800) (453.173 9.763.170 3.126 7.395.256.423 9.874) (6. commission and brokerage income Dividend income Income from dealing in foreign currencies Gain on sale of securities .439 26 27 28 (12.873.10 25 4.433) 15.368.885 7.814.391 ) 316.267 (511.400.321.308 (11. Shazad Dada Chief Executive Officer Najam I.116.908.158 (13.net Recovery of amounts written off Provision for diminution in the value of investments Bad debts written off directly 2015 2014 ------------.368.312.814.Consolidated Profit and Loss Account For the year ended 31 December 2015 Note Mark-up / return / interest earned Mark-up / return / interest expensed Net mark-up / return / interest income Provision against non-performing loans and advances .695 (5.211.948) (187. Chaudhri Director Parvez Ghias Director Spenta Kandawalla Director 117 Financial statements and notes 33.934 (12.652.564) (697.621.268.761) 9.883.736 .695 15.390 1.553.

Chaudhri Director Standard Chartered Annual Report 2015 Parvez Ghias Director Spenta Kandawalla Director .814.965 9.573 3.023 (1.472 (52.922.net Related tax charge Surplus on revaluation of operating fixed assets Related tax charge Total comprehensive income for the year Attributable to: Equity holders of the bank Non-controlling interests 10.173 10.816.105 ) 2.349 ) 28.630 12.877 ) Remeasurement of post employment obligations Related tax charge Comprehensive income transferred to equity 3.057 9.342.825.630 12.290 9.867 162.084.035 (380.850 1.483.Consolidated Statement of Comprehensive Income For the year ended 31 December 2015 2015 2014 ------------.629.110 (51. Shazad Dada Chief Executive Officer 118 Najam I.423 12.(Rupees in ’000) -----------9.058 ) 1.915 (1.087.934 Profit after tax for the year 9.466.630 380.290 The annexed notes 1 to 42 and Annexure I form an integral part of these consolidated financial statements.885 Other comprehensive income: Items that will never be reclassified to profit or loss subsequently (81.457 162.430.480 ) 328.629.084.810 Components of comprehensive income not reflected in equity Surplus on revaluation of available for sale securities .462 ) 706.378.

636.429.862.Consolidated Cash Flow Statement For the year ended 31 December 2015 Note CASH FLOW FROM OPERATING ACTIVITIES Profit before tax for the year Less: Dividend income 2015 2014 ------------.690.903 CASH FLOW FROM INVESTING ACTIVITIES Net investments in 'available for sale' securities Dividend income received Net investment in operating fixed assets (including intangible assets) Sale proceeds on disposal of operating fixed assets Net cash used in investing activities (41.643 409.427.556) 858 (203.808 ) CASH FLOW FROM FINANCING ACTIVITIES Dividend paid Dividend paid to Non-controlling interest Net cash used in financing activities Increase / (decrease) in cash and cash equivalents for the year Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year (8.279 16.548 ) (12.210 (41.634.740 2.net Unrealized gain on revaluation of investments classified as held for trading .253 475.670.007 (4.862.563.501 46.940.919.915 16.608 ) (46.383.800 4.999 34.695 (858) 15.667.646 29.156.308.712 5.077.725 55.928.349 (13.704.021 ) (119.670.499 (54.729 1.net Asset write-offs / other provisions / (reversals) Provision for diminution in the value of investments Provision against non-performing loans and advances .345 387.564.827) 11.837 .189.301 21.790 ) 3.754 ) 15.517) 62.317.302) (31.136 (6.659.014) (119.725.482.504 ) 7.814) 47.539.780 22.621 (32.662 17.393 ) 14.527 ) (8.324 ) 17.557 32.837.394 (3.148 68.345.032.099 21.104 ) 28.619 (976.646 Adjustments for: Depreciation Amortization Gain on disposal of fixed assets .364.754 (598.813) (8.646 33.395 971. Shazad Dada Chief Executive Officer Najam I. Chaudhri Director Parvez Ghias Director Spenta Kandawalla Director 119 Financial statements and notes 15.(Rupees in ’000) -----------15.490 21.136 (8.460) 480.072.783 1.550.778.007) 6.532 (16.253.782.876.782.815.366 ) (4.284.556.134 4.862.453 ) 33.274 7.460 ) 555 73.368.472.918 5.489 11.300.388 ) 8.852 953.330 (12.002 33.435.042) 2.136 21.475.025.279.281 (7.100.869 20.133.586 4.007 (3.net of recoveries Decrease / (increase) in operating assets Lendings to financial institutions Net investments in 'held for trading' securities Advances Other assets (excluding advance taxation) Increase / (decrease) in operating liabilities Bills payable Borrowings from financial institutions Deposits and other accounts Other liabilities Cash inflow before taxation Income tax paid Net cash generated from operating activities CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR Cash and balances with treasury banks Balances with other banks 31 The annexed notes 1 to 42 and Annexure I form an integral part of these consolidated financial statements.

384.074.net of deferred tax Other Comprehensive income Remeasurement of post employment obligations .903.090 - - - Total Comprehensive income for the year Profit after tax for the year ended 31 December 2014 Surplus on revaluation of assets .527 ) (2. 1.163 40.689 ) (5.163 40.654.262 - - - - - - - - - - - - (36.903.885 340 - - 1.857 ) 9.net of deferred tax Balance as at 31 December 2015 670.231 82.50 per share Cash dividend (Interim 2015) at Rs.415 25.813 ) 967.695 15.231 - - - 10. Chaudhri Director Standard Chartered Annual Report 2015 Parvez Ghias Director Spenta Kandawalla Director .156 (119.492 - 670.858 (1.850 1.910 ) (5.157 92.817.850 1.262 25.934 - - (52.747 1.807.697 - 9.965 9.492 ) 10.641.715.716.036.689 (5.689 ) (36.850 1.858 - - 15.930.930.219 ) - - - 38.net of tax Transactions with owners.695 15.036.423 - 9.695 - 25. 505.877 ) 9.689 ) 24.219 ) Transactions with owners.689 ) 38.388 - 10.472 24.578 (119.268.721.857 ) 9.575.928. 1.813 ) (36. Shazad Dada Chief Executive Officer 120 Najam I.071 925.853.268.177 54.144.222.618.462 340 9.706 6.157 92.40 per share Transferred from surplus on revaluation of fixed assets .net of tax (119.358 (52.118 8.358 Surplus on revaluation of assets .973 52.190 - - - 82.430.Consolidated Statement of Changes in Equity For the year ended 31 December 2015 Share Capital Share Premium Statutory Unappropriated Reserve Profit (a) Non-controlling Interest Total Total ----------------------------------------------------.238 55.715.853. 0.814.752 ) - (20 ) 162.163 40.910 ) (5.net of tax Other Comprehensive income Remeasurement of post employment obligations .443 1.462 6. The annexed notes 1 to 42 and Annexure I form an integral part of these consolidated financial statements.378 ) (2.388 (1.527 ) - 1.1 of these consolidated financial statements the amount of Rs.752 9.696 (a) As further explained in note 8.420.378 ) (2.231 - 82.net of deferred tax Balance as at 31 December 2014 Total Comprehensive income for the year Profit after tax for the year ended 31 December 2015 1.309 - 9.713 million net of tax as at 31 December 2015 represents additional profit arising from availing forced sale value benefit for determining provisioning requirement is not available for the purpose of distribution of dividend to shareholders / bonus to employees.157 92.313 - 4.153 6.807.858 - - (119.156 (2.910 ) (5.652.388 - - - - 670.420.156 (2.807.(Rupees in ’000) ----------------------------------------------------Balance as at 01 January 2014 38.715.223.889. recorded directly in equity Share based payment transactions (contribution from holding company) Payment against share based payment transactions (to holding company) Transfer to statutory reserve Reversal of liability against share based payment to holding company Dividend paid to Non-Controlling Interest Cash dividend (Interim 2014) at Rs.500.2.090 - - - 6.358 (52.219 ) 4.313 4.904 5.904 55.747 20 162.375 882.75 per share Transferred from surplus on revaluation of fixed assets . recorded directly in equity Share based payment transactions (contribution from holding company) Payment against share based payment transactions (to holding company) Transfer to statutory reserve Dividend paid to Non-Controlling Interest Remeasurement of liability against share based payment to holding company Cash dividend (Final 2014) at Rs.378 ) (2.903.904 56.420.903.903.689 ) (5.173 9.090 - 24.945 9.945 9.903.761 9.654. 0.954 6.322 53.75 per share Cash dividend (Final 2013) at Rs.761 162.652.036.256.462 340 162.313 6.222.

The transaction is subject to final approval by regulator and shareholders.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 1. However. The Bank is engaged in the banking business as defined in the Banking Companies Ordinance. The Securities and Exchange Commission of Pakistan has approved and notified the adoption of International Accounting Standard 39. Key financial figures of the Islamic banking branches are disclosed in note 41 to these financial statements. Standard Chartered Leasing Limited . investments have been classified and valued in accordance with the requirements of various circulars issued by the State Bank of Pakistan. the Bank has entered into an agreement with Orix Leasing Pakistan Limited for divestment of its stake in these subsidiaries. One permissible form of trade related mode of financing comprises of purchase of goods by the Bank from its customers and immediate resale to them at appropriate profit on deferred payment basis. The purchases and sales arising under these arrangements are not reflected in these financial statements as such but are restricted to the amount of facility actually utilised and the appropriate portion of profit thereon. In case the requirements differ. Karachi. The requirements of these standards have not been followed in the preparation of these financial statements as the State Bank of Pakistan has deferred the implementation of these standards for banks in Pakistan till further instructions. On 1 September 2015. All of them are incorporated in Pakistan. BASIS OF PREPARATION Basis of presentation 2. (Refer Note 12. in Pakistan at 31 December 2015. The Bank commenced formal operations on 30 December 2006 through amalgamation of entire undertaking of Union Bank Limited and the business carried on by the branches in Pakistan of Standard Chartered Bank. Approved accounting standards comprise of such International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and Islamic Financial Accounting Standards (IFAS) issued by the Institute of Chartered Accountants of Pakistan (ICAP) as are notified under the Companies Ordinance.100% owned These financial statements are consolidated financial statements of Standard Chartered Bank (Pakistan) Limited and its subsidiaries ("the Group"). 1962 and the directives issued by the State Bank of Pakistan shall prevail. a bank incorporated by Royal Charter and existing under the laws of England.45% owned Standard Chartered Modaraba . The scheme of amalgamation was sanctioned by State Bank of Pakistan vide its order dated 4 December 2006. all stock exchanges are integrated into Pakistan Stock Exchange). 'Investment Property' (IAS 40).Listed 20% owned Standard Chartered Services of Pakistan (Private) Limited . 121 Financial statements and notes In accordance with the directives of the Federal Government regarding the shifting of the Banking system to Islamic modes. Accordingly. 'Financial Instruments: Recognition and Measurement' (IAS 39) and International Accounting Standard 40. The ultimate holding company of the Bank is Standard Chartered PLC. The Bank's shares are listed on all stock exchanges in Pakistan (subsequent to year end due to demilitarization. provisions of and directives issued under the Companies Ordinance. with effect from 30 December 2006. Chundrigar Road. 1962 and the directives issued by the State Bank of Pakistan. Standard Chartered Bank (Pakistan) Limited has the following three subsidiaries. 1984. incorporated in England.2 The financial results of the Islamic banking branches have been consolidated in these financial statements for reporting purposes. these are accounted for as Disposal Group Held for Sale as per IFRS 5 'Non-Current Assets Held for Sale and Discontinued Operations'. the provisions of and directives issued under the Companies Ordinance. Statement of compliance These financial statements have been prepared in accordance with approved accounting standards as applicable in Pakistan.I.3).1 The Bank decided to divest its entire shareholding in its subsidiaries namely Standard Chartered Leasing Limited. I. the State Bank of Pakistan has issued various circulars from time to time. 1962 and has a total number of 101 (2014: 116) branches in operation. STATUS AND NATURE OF BUSINESS Standard Chartered Bank (Pakistan) Limited ("the Bank") was incorporated in Pakistan on 19 July 2006 and was granted approval for commencement of banking business by State Bank of Pakistan. 2. The related assets and liabilities of these subsidiaries are classified as 'Assets Held for Sale' and 'Liabilities Held for Sale'. 2. 1984 and the Banking Companies Ordinance. Standard Chartered Modaraba and Standard Chartered Services of Pakistan (Private) Limited (management company of Standard Chartered Modaraba). The registered office is at Standard Chartered Bank Building. . 1984 and the Banking Companies Ordinance.Listed 86.

Note 21. trading and derivative financial instruments have been measured at fair value whereas certain fixed assets are stated at revalued amounts less accumulated depreciation and accumulated impairment losses.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 2. where applicable. The excess of cost of acquisition over the fair value of identifiable net assets acquired is recorded as goodwill.Note 7 . which is the Group’s functional currency. information about significant areas of estimation. income and expenses. any recoveries or losses to fair value of net assets are taken to profit and loss account and disclosed in note 25 to these financial statements. the cost of acquisition is measured as the fair value of the asset given.4 Use of estimates and judgments The preparation of financial statements in conformity with approved accounting standards requires management to make judgments. Acquisitions from entities under common control Business combinations arising from transfers of interests in entities that are under the control of the shareholder that controls the Group are accounted for as if the acquisition had occurred at the beginning of the earliest comparative period presented. Non-controlling interest is measured at their proportionate share in the net assets of the subsidiaries. 3. 2. Actual results may differ from these estimates. liabilities. uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements are described in the following: .1 Basis of consolidation Subsidiaries Subsidiaries are entities controlled by the entity.Note 9 & 10 . or in the period of the revision and future periods if the revision affects both current and future periods.9 . equity instruments issued and the liabilities incurred or assumed at the date of exchange. Other acquisitions Other business combinations are accounted for using the acquisition method.3 Basis of measurement These financial statements have been prepared under the historical cost convention. Identified assets acquired are fair valued at the acquisition date. For this purpose comparatives are restated where required. plus costs directly attributable to the acquisition. except that certain available for sale. estimates and assumptions that effect the application of accounting policies and reported amounts of assets. irrespective of the extent of any Non-controlling interest. 122 Standard Chartered Annual Report 2015 . Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period.5 Classification and provisioning against investments Classification and provisioning against non-performing advances Valuation and depreciation / amortisation rates for fixed / intangible assets Impairment of non-financial assets including goodwill and other intangibles Deferred taxation Derivative instruments Income taxes Employees' retirement defined benefit plans Functional and presentation currency These financial statements are presented in Pakistan Rupees.Note 11 .Note 9 & 10 . For acquisitions prior to 1 January 2009.Note 29 . The financial statements of the subsidiaries are consolidated in the consolidated financial statements from the date on which the control commences until the date on which control ceases. The Group controls an entity when it is exposed to. Material intra group balances and transactions are eliminated. In particular. financial information presented in Pakistan Rupees has been rounded to the nearest thousand. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies applied in the preparation of these consolidated financial statements are set out below.27 which became effective during the year: 3. The assets and liabilities acquired are recognised at the carrying amounts recognised previously in the combining entity's financial statements. Subsequently. Except as indicated. The estimates and underlying assumptions are reviewed on an ongoing basis.Note 8 .Note 33 2. These policies have been applied consistently to all years presented except for the standards mentioned in note 3. or has rights to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity.

in accordance with the requirements specified by BSD Circular 10 dated 13 July 2004 issued by the State Bank of Pakistan. 3. although not separately identified. Provision made / reversed during the year is charged to the profit and loss account and accumulated provision is netted off against advances. The difference between sale and repurchase price is treated as interest / mark-up / return and accrued over the life of the underlying agreement using the effective interest method. Regular way purchases or sales are purchases or sales of investments that require delivery of assets within the time frame generally established by regulation or convention in the market place.5 Advances Advances are stated net of provision against non-performing advances. the cumulative loss that has been recognised directly in surplus / (deficit) on revaluation of securities on the statement of financial position below equity is removed there from and recognised in the profit and loss account. are known from experience to be present in any loan portfolio. the arrangement is presented within loans and advances. b) Held to maturity These are securities with fixed or determinable payments and fixed maturity that are held with the intention and ability to hold to maturity. For investments in subsidiaries. Securities purchased under agreements to resell ('reverse repos') are recorded as lendings to financial institutions. 123 Financial statements and notes Impairment loss in respect of equity securities classified as available for sale and subsidiaries is recognised based on management's assessment of objective evidence of impairment as a result of one or more events that may have an impact on the estimated future cash flows of the investments. The surplus / deficit arising as a result of revaluation at market value is recognised in the profit and loss account.4 Sale and repurchase agreements Securities sold subject to repurchase agreements ('repos') remain on the balance sheet. Specific and general provisions are made based on an appraisal of the loan portfolio that takes into account Prudential Regulations issued by the State Bank of Pakistan from time to time. A significant or prolonged decline in fair value of an equity investment below its cost is also considered an objective evidence of impairment.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 3. the date that the Group commits to purchase or sell the asset.e. Advances are writtenoff when there is no realistic prospect of recovery. The general provision is for the inherent risk of losses which. Impairment 3. which are acquired with the intention to trade by taking advantage of short term market / interest rate movements and are carried at market value. the impairment loss is recognised in the profit and loss account.3 Investments The Group classifies its investments as follows: a) Held for trading These are securities. These are carried at amortised cost. cash and cash equivalents comprise of cash and balances with treasury bank and balances with other banks. When the Group is the lessor in a lease agreement that transfers substantially all of the risks and rewards incidental to ownership of an asset to the lessee. In case of impairment of available for sale securities. . the counterparty liability is included in borrowings from financial institutions. Provision for diminution in the value of debt securities is made as per the Prudential Regulations issued by the State Bank of Pakistan. d) Subsidiaries All 'regular way' purchases and sale of investments are recognised on the trade date i. Specific provisions are made where the repayment of identified loans is in doubt and reflect an estimate of the amount of loss expected. c) Available for sale These are investments that do not fall under the held for trading or held to maturity categories and are carried at market value. Market value of investment in Government securities is determined based on the relevant PKRV and PKISRV rates. Market value of investment in Government securities is determined based on the relevant PKRV and PKISRV rates.2 Cash and cash equivalents For the purposes of cash flow statement. These securities are to be sold within 90 days from the date of their classification as 'Held for trading' under normal circumstances. 3. The surplus / deficit arising as a result of revaluation at market value is kept in a separate account below equity.

Land and buildings are revalued by independent professionally qualified valuer(s). 1984. In Diminishing Musharaka based financing. Depreciation on all other fixed assets is calculated using the straight line method to allocate their depreciable cost or revalued amount to their residual values over their estimated useful lives. Gains and losses on disposal of fixed assets are included in profit and loss account currently. Murabaha financings are reflected as receivables at the sale price. The profits are shared as per agreed ratios between partners and losses are borne in proportion to their respective capital contributions. Under the provisions of the Companies Ordinance. deficit arising on revaluation of fixed assets is adjusted against the balance in the above-mentioned surplus account. Surplus arising on revaluation is credited to the 'surplus on revaluation of fixed assets' account (net of deferred tax). A receivable is recognised at an amount equal to the present value of the minimum lease payments under the lease agreement. Assets given under Ijarah contracts entered after 1 July 2008 are depreciated over the period of lease on a straight line basis. the Group enters into a Musharaka based on Shirkat-ul-milk for financing an agreed share of fixed asset (e. at the date of revaluation. including guaranteed residual value. as appropriate. land. 3. Land and buildings are stated at revalued amounts less accumulated depreciation.g. Surplus on revaluation of fixed assets (net of deferred tax) is transferred to unappropriated profit to the extent of incremental depreciation charged on related assets.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Leases where the Company transfers substantially all the risks and rewards incidental to the ownership of an asset are classified as finance leases. Actual sale and purchase is not reflected as the goods are purchased by the customer as agent of the Group and all documents relating to purchase are in customer's name. is eliminated against the gross carrying amount of buildings.Tangible Owned Operating fixed assets. The revaluation is carried out with sufficient regularity to ensure that the carrying amount does not differ materially from that which would have been determined using fair value at the balance sheet date. less accumulated depreciation. Depreciation is charged on the basis similar to owned assets. Leased Fixed assets held under finance lease are stated at the lower of fair value of asset and present value of minimum lease payments at the inception of lease. All other repairs and maintenance expenditures are charged to profit and loss account during the financial period in which they are incurred. Financial charges are allocated over the period of lease term so as to provide a constant periodic rate of financial charge on the outstanding liability. house. if any. Cost includes expenditure that is directly attributable to the acquisition of fixed assets. 124 Standard Chartered Annual Report 2015 . Subsequent costs are included in the asset's carrying amount or are recognised as a separate asset. plant or machinery) with its customers and enters into a periodic rental payment agreement for the utilization of the Group's Musharaka share by the customer. Musharakah is a partnership contract where the Group enters into financing relationship with the customer based on Shirkat-ul-Aqd. only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. Accumulated depreciation on buildings. The residual values and useful lives of fixed assets are reviewed. are stated at cost less accumulated depreciation and accumulated impairment losses thereon. Funds disbursed under Murabaha financing arrangements for purchase of goods are recorded as "Advance Against Murabaha". The net amount is then restated to the revalued amount. other than land and buildings. Land is not depreciated. except that the related surplus on revaluation of fixed assets (net of deferred tax) is transferred directly to unappropriated profits. and adjusted (if appropriate) at each balance sheet date.6 Operating fixed assets . The Ijarah arrangements are shown as financing under loans and advances.

3. contributing at 8.9 Staff retirement benefits Defined benefit plan The Group operates approved funded pension and gratuity schemes for all its non-management employees. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to Pakistan Rupees at the exchange rate prevailing at that reporting date. other than deferred tax assets. If any such indication exists then the asset’s recoverable amount is estimated. In assessing value in use. Goodwill is tested annually for impairment and carried at cost less accumulated impairment. are reviewed at each reporting date to determine whether there is any indication of impairment. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. Service cost and net interest on net defined benefit liability / (asset) are also recognised in profit and loss account. Defined contribution plan The Group also operates a defined contribution gratuity scheme for all its management staff and a provident fund scheme for all its permanent staff. The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to sell. Computer software Acquired computer software licenses are capitalised on the basis of costs incurred to acquire and bring to use the specific software. adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. The deficit or surplus is: . In respect of other assets. The present value of defined benefit obligation is calculated annually by independent actuaries by discounting the estimated future cash flows using an interest rate equal to the yield on high-quality corporate bonds.10 Foreign currency transactions Transactions in foreign currencies are translated to Pakistan Rupees at exchange rates prevailing at the date of the transaction. less b) the fair value of plan assets (if any).7 Intangible assets Goodwill Goodwill represents the excess of cost of an acquisition over the fair value of the share of net identifiable assets acquired at the date of acquisition. the net defined benefit liability / asset recognised in the balance sheet is the deficit or surplus. the estimated pre-tax future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Actuarial gains or losses that arise are recognised in other comprehensive income in the period they arise. Acquired intangibles in business combination Acquired intangibles in business combination that have finite lives are amortised over their economic useful life based on the manner that benefits of the relevant assets are consumed.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 3. 3. Foreign currency differences arising on retranslation are recognised in profit or loss.33 percent and 10 percent of basic salary respectively. An impairment loss in respect of goodwill is not reversed.8 Impairment of non-financial assets The carrying amounts of the Group’s non-financial assets. and a management pension scheme only for its existing pensioners. 125 Financial statements and notes For defined benefit plans. These costs are amortised over their expected useful lives using the straight line method. a) the present value of the defined benefit obligation. An impairment loss is recognised if the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. 3.

a shorter period) to the carrying amount of the financial asset or liability. Fees and commission income are generally recognised on an accrual basis when the service has been provided. Actual sale and purchase are not reflected as the goods are purchased by the customer as agent of the Group. the unearned lease income i. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised. Mark-up recoverable on classified loans.11 Taxation Income tax expense comprises of current and deferred tax. Where debt securities are purchased at a premium or discount. are recognised over the life of the underlying transaction on a level yield basis. Mark-up on rescheduled / restructured loans. those premiums / discounts are amortized through profit or loss account over the remaining maturity. Under this method. Fees and commission which in substance amount to an additional interest charge. Income tax expense is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or in other comprehensive income.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 3. 126 Standard Chartered Annual Report 2015 . so as to produce a systematic return on the net investment in lease. Current tax Current tax is the expected tax payable on the taxable income for the year (using tax rates enacted or substantively enacted at the balance sheet date). The cost from award credits for loyalty points earned on use of various products of the Bank is measured by reference to their fair value and is recognised when award credits are redeemed. advances and investments is recognised on a receipt basis in accordance with the requirements of Prudential Regulations issued by the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan. advances and investments is also recognised in accordance with the requirements of these Prudential Regulations. front-end fee. in accordance with the requirements of the Non-Banking Finance Companies and Notified Entities Regulations. using the Effective Yield method. 2008. commitment fee. based on the laws that have been enacted or substantively enacted by the reporting date. and any adjustment to tax payable in respect of previous years. Profit on the sales revenue not due for payment is deferred by recording a credit to 'Deferred Murabaha Income' account. 3. Deferred tax Deferred tax is provided for using the balance sheet method.12 Revenue recognition Mark-up / return on advances and investments is recognised on an accrual basis using the effective interest rate method.e. The effective interest rate is the rate that exactly discounts the estimated future cash payments and receipts through the expected life of the financial asset or liability (or. Processing. where necessary. Deferred tax is measured at tax rates that are expected to be applied to the temporary differences when they reverse. Dividend income is recognised when the right to receive income is established. The Group follows the effective interest method in accounting for the recognition of lease income. penal charges and commission are recognised as income when realised. where appropriate. Unrealised lease income pertaining to non-performing leases is held in suspense account. the excess of aggregate lease rentals and the estimated residual value over the cost of the leased assets is deferred and taken to income over the term of the lease. Deferred tax is not recognised on temporary differences relating to: (i) the initial recognition of goodwill. providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Ijarah rentals are recognised as income over the term of the contract net of depreciation expense relating to the Ijarah asset. A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. (ii) the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit. Murabaha transactions are reflected as receivable at sale price.

and subsequently measured at their amortised cost using the effective interest method.13 Derivative financial instruments Derivative financial instruments are initially recognised at fair value and are subsequently remeasured at fair value. These assets and income arising thereon are excluded from these financial statements.19 Non-current assets and disposal groups held for sale 3. The Group’s primary format for segment reporting is based on business segments. Impairment losses on initial classification as held for sale and subsequent gains or losses on remeasurement are recognised in profit or loss. 3. 3. 127 Financial statements and notes Non-current assets and disposal groups comprising of assets and liabilities that are expected to be recovered primarily through sale rather than continuing use are classified as held for sale. 3. All derivative financial instruments are carried as assets when fair value is positive and liabilities when fair value is negative. 3.16 Segment reporting A segment is a distinguishable component of the Group that is engaged either in providing products or services (business segment).21 Acceptances Acceptances comprise undertakings by the Group to pay bills of exchange drawn on customers.14 Provisions Provisions for restructuring costs and legal claims are recognised when: (i) the Group has a present legal or constructive obligation as a result of past events. trusts.15 Fiduciary activities The Group commonly acts in fiduciary capacities that result in the holding or placing of assets on behalf of individuals.20 Share-based compensation Standard Chartered PLC operates various share-based compensation plans which are accounted for as equity settled share based payment transactions. The liability for these transactions which is based on the fair value of these options at the settlement date is settled through debiting equity. and (iii) the amount has been reliably estimated. regardless of inter group repayment arrangements. Immediately before being classified as held for sale. 3. .Notes to the Consolidated Financial Statements For the year ended 31 December 2015 3. A brief description of the products and services offered by different segments of the Group is given in note 37 to these financial statements. the assets and components of disposal group are remeasured in accordance with the Group's accounting policies.17 Offsetting Financial assets and liabilities are set off and the net amount presented in the balance sheet when. The fair value is determined based on the market price or using an appropriate valuation technique. The cost for such share based payment transactions is determined by reference to the fair value of options at the grant date.18 Subordinated liabilities Subordinated liabilities are initially measured at fair value plus transaction costs. Any change in the fair value of derivative financial instruments is taken to profit and loss account. The Group expects most acceptances to be simultaneously settled with the reimbursement from the customers. or in providing products or services within a particular economic environment (geographical segment). the assets and disposal group are measured at the lower of their carrying values and fair values less cost to sell. Thereafter. and only when. Acceptances are accounted for as off-balance sheet transactions. retirement benefit plans and other institutions. which is subject to risks and rewards that are different from those of other segments. as they are not assets of the Group. 3. The cost is charged to profit and loss account and credited to equity as a contribution from parent. (ii) it is more likely than not that an outflow of resources will be required to settle the obligation. 3. the Group has a legal right to set off the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

if any. These standards became applicable from January 1. Charge to profit and loss account is stated net of expected recoveries. bills payable. exposure to variable returns use its power to influence the returns of the investee. Borrowing / deposit costs are recognised as an expense in the period in which these are incurred using effective markup / interest rate method. deposit accounts and other payables. lendings to financial and other institutions. 2015. except appropriation which are required by law after the balance sheet date.25 Borrowings / deposits are recorded at the proceeds received. It also removes the IAS 31 concept of jointly controlled assets. IFRS 13 'Fair Value Measurements'. borrowings from financial institutions. consolidates the guidance on how to measure fair value.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 3. advances. The application of IFRS 11 did not result in identification of any associate as a joint venture. IFRS 13 Fair Value Measurement. Financial assets and liabilities Financial instruments carried on the balance sheet include cash and balances with treasury banks. IFRS 12 ‘Disclosure of Interests in Other Entities’. IFRS 12 prescribes additional disclosures around significant judgements and assumptions made in determining whether an entity controls another entity and has joint control or significant influence over another entity. IFRS 11 ‘Joint Arrangements’. It requires all joint ventures to be equity accounted thereby removing the option in IAS 31 for proportionate consolidation. all of which influence the assessment. as per the adoption status of IFRS in Pakistan. IFRS 10 replaces the current guidance on consolidation in IAS 27 Consolidated and Separate Financial Statements. The related disclosures of IFRS 13 are included in note 36. particularly the inclusion of non-financial instruments into the fair value hierarchy. are recognised as liability in the Group's financial statements in the year in which these are approved. IFRS 10 also includes specific guidance on de facto control. investments. 3. 3. balances with other banks. There were no convertible dilutive potential ordinary shares in issue at 31 December 2015. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Parent by the weighted average number of ordinary shares outstanding during the period / year. Amended And Revised Standards And Interpretations of IFRSs IFRS 10 ‘Consolidated Financial Statements. 128 Standard Chartered Annual Report 2015 .24 Borrowings / deposits and their cost - 3. which was spread across various IFRS. protective rights and the determination of whether a decision maker is acting as principal or agent. as well as extensive disclosure requirements.26 Provision for guarantee claims and other off balance sheet obligations Provision for guarantee claims and other off balance sheet obligations are recognised when intimated and reasonable certainty exists for the Group to settle the obligation.23 Dividend and appropriation to reserves Dividend and appropriation to reserves. It introduces the use of an exit price. 3.27 New.22 Basic and diluted earnings per share The Parent presents basic and diluted earnings per share (EPS) for its shareholders. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding for the effects of all dilutive potential ordinary shares. The standard also requires disclosures on the nature and risks associated with interests in unconsolidated structured entities. The application of IFRS 10 did not result in any investee being in control of the Bank. It introduces a single model of assessing control whereby an investor controls an investee when it has the power. 3. The particular recognition methods adopted for significant financial assets and financial liabilities are disclosed in the individual policy statements associated with them. certain receivables. into one comprehensive standard. IFRS 11 replaces IAS 31 Interests in Joint Ventures.

and has a remote likelihood of being sold as agricultural produce. Before maturity. - Agriculture: Bearer Plants [Amendment to IAS 16 and IAS 41] (effective for annual periods beginning on or after 1 January 2016). or when the intangible asset is expressed as a measure of revenue. - Annual Improvements 2012-2014 cycles (amendments are effective for annual periods beginning on or after 1 January 2016). then it ceases held for distribution accounting in the same way as it would cease held for sale accounting. joint ventures and associates in their separate financial statements. bearer plants are accounted for in the same way as self-constructed items of property. plant and equipment.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 3. plant and equipment during construction. then such change in classification is considered as continuation of the original plan of disposal and if an entity determines that an asset (or disposal group) no longer meets the criteria to be classified as held for distribution. - Accounting for Acquisitions of Interests in Joint Operations – Amendments to IFRS 11 ‘Joint Arrangements’ (effective for annual periods beginning on or after 1 January 2016) clarify the accounting for the acquisition of an interest in a joint operation where the activities of the operation constitute a business. - IAS 19 ‘Employee Benefits’. Therefore. reclassifies an asset from held for distribution to owners to held for sale or vice versa without any time lag. IFRS 5 is amended to clarify that if an entity changes the method of disposal of an asset (or disposal group) i. 129 Financial statements and notes - .28 New standards and interpretations not yet adopted The following standards. amendments and interpretations of approved accounting standards will be effective for accounting periods beginning on or after 1 January 2016: Amendments to IAS 38 Intangible Assets and IAS 16 Property. However. They require an investor to apply the principles of business combination accounting when it acquires an interest in a joint operation that constitutes a business. Bearer plants are now in the scope of IAS 16 Property. - Amendment to IAS 27 ‘Separate Financial Statement’ (effective for annual periods beginning on or after 1 January 2016) allows entities to use the equity method to account for investments in subsidiaries. - Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10 – Consolidated Financial Statements and IAS 28 – Investments in Associates and Joint Ventures) [effective for annual periods beginning on or after 1January 2016] clarifies (a) which subsidiaries of an investment entity are consolidated. IAS 34 is amended to clarify that certain disclosures. a company can elect to measure bearer plants at cost. the produce growing on bearer plants will continue to be measured at fair value less costs to sell under IAS 41 Agriculture. A bearer plant is a plant that: is used in the supply of agricultural produce. and (c) how an entity that is not an investment entity should apply the equity method of accounting for its investment in an associate or joint venture that is an investment entity. The rebuttable presumption that the use of revenue-based amortization methods for intangible assets is inappropriate can be overcome only when revenue and the consumption of the economic benefits of the intangible asset are ‘highly correlated’.e. Plant and Equipment (effective for annual periods beginning on or after 1 January 2016) introduce severe restrictions on the use of revenue-based amortization for intangible assets and explicitly state that revenue-based methods of depreciation cannot be used for property. IFRS 7 is also amended to clarify that additional disclosures required by ‘Disclosures: Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS7)’ are not specifically required for inclusion in condensed interim financial statements for all interim periods. IAS 19 is amended to clarify that high quality corporate bonds or government bonds used in determining the discount rate should be issued in the same currency in which the benefits are to be paid. Certain amendments / improvements may impact the financial statements of the Bank and the management is in the process of assessing the full impact of the change. - IAS 34 ‘Interim Financial Reporting’. Plant and Equipment for measurement and disclosure purposes. is expected to bear produce for more than one period. The new cycle of improvements contain amendments to the following standards: - IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. - IFRS 7 ‘Financial Instruments . (b) exemption to present consolidated financial statements is available to a parent entity that is a subsidiary of an investment entity.Disclosures’. if they are not included in the notes to interim financial statements and disclosed elsewhere should be cross referred. IFRS 7 is amended to clarify when servicing arrangements on continuing involvement in transferred financial assets in cases when they are derecognized in their entirety are in the scope of its disclosure requirements.

1 This includes National Prize Bonds of Rs.521. 6.518.051.4 This represents placements with other branches and subsidiaries of Standard Chartered Group outside Pakistan at mark-up rates ranging from 0.450.301 387.In current accounts Outside Pakistan .5 Particulars of lending In local currency In foreign currencies 130 Standard Chartered Annual Report 2015 2015 2014 ------------.500.1 With State Bank of Pakistan in: .374.Foreign currency deposit account Cash reserve account Special cash reserve account Local US Dollar collection account With National Bank of Pakistan in: .(Rupees in ’000) ------------ 5.724 1.000 8.468.559 .420 million) held with other branches and subsidiaries of Standard Chartered Group outside Pakistan.1 - - 4.135.301 5.946 16.559 10.002 387.969.(Rupees in ’000) -----------6.500. and are due to mature during January 2016. These arrangements are governed under Master Repurchase Agreements.031 2.484 29.Local currency .249 42.482. 6 LENDINGS TO FINANCIAL INSTITUTIONS Call money lendings Repurchase agreement lendings (Reverse Repo) Bai-Muajjal of Ijarah Sukuk Placements Note 2015 2014 ------------.132.566 2.313.282 million).450.475.566 2. 1.000.3 6.253. 6.212 - 3. 2.813.302 8.35 percent per annum).1 6.(Rupees in ’000) -----------6.908 8.300.351.6 6.300.000 2.(Rupees in ’000) -----------3.35 percent per annum (2014: 9.Local currency current account-Islamic Banking .1 These carry mark-up rates ranging from 6.2 & 6.Local currency current account 4.593.265 104.813.313.620 26.000 6.06 percent to 0.134 1.2 These carry mark-up at rate 6.786 8.1 This includes balances of Rs.93 percent per annum with maturities upto November 2016.25 percent to 6.613 2.586.In current accounts 2015 2014 ------------.620 26. 4.168.055 million (2014: Rs.496 3. and are due to mature during January 2016.559 10.814.969.4 2.833 3.45 percent per annum payable at maturity.559 6.35 percent per annum (2014: 0.038 21.518.4 10.Local currency current account .Foreign currencies Note 4.283 861.18 percent to 0.964 - 2.000 8.000. 5 BALANCES WITH OTHER BANKS In Pakistan . 337. and are due to mature during January 2016.345 2015 2014 ------------. 6.002 4. 6.3 These represent lendings to State Bank of Pakistan by Islamic Banking Business under Bai Muajjal agreements at return of 5.274.476.291 1.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 4 CASH AND BALANCES WITH TREASURY BANKS In hand .6 percent per annum) payable at maturity.946 16.892 million (2014: Rs.

004 .677.715.000.net Surplus on revaluation of available for sale securities .990 6.397.203 963 Available for sale securities 67.870.11.000.109 5.061 Ordinary shares of listed companies 7.221) 219.460 1.875 1.023 430 1.000 - 2.679 69.240.211.931.561.000 2.6 Securities held as collateral against lendings to financial institutions 2015 Held by bank 2014 Further given as collateral Total Held by bank Further given as collateral Total --------------------------------------------------.955 50.261 3.2.715.295.500.811 185.654 112.811 185.000 220.145.000 2.240.000 7.055 1.691.425.004 Ordinary shares of unlisted companies 7.808.425.004 11.025 - - 6.030.532 183.004 5.061 143.9 3.net Total Investments .460 5.313.679 (808.6.696 112.532 2.792 million (2014: Rs.000.500.632.500.061 285.734 (803.7 285.992.8 5.632 662.025 3.498.10 4.000.9 Sukuk and Ijarah Bonds .316 Surplus on revaluation of held for trading securities .042 54.2.212.276 Investments at cost 1.(Rupees in ’000) ------------------------------------------------- Pakistan Investment Bonds 2.608.808 Provision for diminution in the value of investments Investments (net of provisions) (803.042 - 4.005.unlisted 219.000 6.679 Pakistan Investment Bonds 7.192.356 224.3 (808.742.(Rupees in ’000) ---------------------------------------------- Held for trading securities Market Treasury Bills Pakistan Investment Bonds Sukuk and Ijarah Bonds - 246.074.025 3.870.952. 7 INVESTMENTS 2015 Note 7.932.025 Term Finance Certificates -unlisted 7.019.335 Market Treasury Bills 7.6 662.990 .097 131 Financial statements and notes 246.060 186.407.205.018.498.494.025 3.6 & 7.221) 218.447.1 Investments by type Held by bank Given as collateral 2014 Total Held by bank Given as collateral Total --------------------------------------------.513 1.492) 2.061 285.416.000 .669 1.500.321 2. 2.669 1.000 .997 2.061 285. 2.132 3.315.211.926 223.388.000 2.875 1.net 7.203 963 54.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 6.769 18.1 The market value of securities held as collateral against lendings to financial institutions amounted to Rs.420.726 18.115 52.953 1.680 662.072 188.011.376 662.513 1.000 2.313.559 million).505 7.492) 182.6 143.

042 5.579 10.221) 219.025 Fully paid up ordinary shares Listed companies Unlisted companies Bonds and Term Finance Certificates Sukuk and Ijarah Bonds Term Finance Certificates Total investment at cost 7. 18.632.5 Market Treasury Bills and Pakistan Investment Bonds are eligible for discounting with the State Bank of Pakistan.061 143.101.419.9.407.492 4.821 4.808.492) 185.025 808.729 808.532 175.1 The details of provision held against investments are as follows: Ordinary shares / units .492 7.840 179.221 787.241.648.4 Investments include securities having book value of Rs.693 69.416.(Rupees in ’000) --------------.574 144.321 188. 2015 Quality of 'Available for Sale' securities 7.396.net 7.918.221 518.145.016.net Surplus on revaluation of available for sale securities .376 10.270 .467 285.061 3.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 7.2 (808. discounting facility to the Bank. 18.495 662.745.unlisted 7.763.551 74.168.3 220. including an amount earmarked against the facilities allocated to branches now in Bangladesh.T.425.729 4.955 185.2 Note Investments by segment 2015 Federal Government Securities Market Treasury Bills Pakistan Investment Bonds Gop Ijarah Sukuk Bonds 69.702) 803.025 803.004 1.available for sale Term Finance Certificates .3 Unrated Unrated Unrated 69.992.005.001.097 Surplus on revaluation of held for trading securities .734 (803.348 10.1 803.000 216.net Total Investments .475.000 285.632 4.030.6 Standard Chartered Annual Report 2015 Rating Cost Market value 2014 Rating Cost Market value --------------.151 (508) 73. 7.132 54.608.395.539.769 112.742.696 million) pledged with the State Bank of Pakistan as security to facilitate T.808 Less: Provision for diminution in the value of investments Investment (net of provisions) 20.677 52.3.391.644 113.990 59.025 1.3 2014 ------------.492 523.099 148.9 7.920 Unrated Unrated Unrated 52.--------------.082 115.3.000.019.932.000 285.460 3.(Rupees in ’000) ------------ Particulars of provision for diminution in the value of investments Opening balance Charge for the year Reversals Net charge Transfer to held for sale Closing Balance 7.330.(Rupees in ’000) --------------- Federal Government Securities Market Treasury Bills Pakistan Investment Bonds GoP Ijarah Sukuk Bonds 132 Note 7.196 285.004 662.356 224.643 (57.552.193.061 3.953 million (2014: Rs.316 4.000 221.301 4.

004) - 2015 2014 (Rupees in ’000) Term Finance Certificates of Rs.463) 146.769 573.000 97.000 1. The principal and profit is payable semi-annually with maturity in July 2017.1 Unrated 100.000 1.000 1.29% above 6 months KIBOR.9 Note Bonds and Term Finance Certificates .000 each Agritech Limited Azgard Nine Limited 7.134 Unrated 1.000 138.1 7.023 18.1 Wapda Sukuk Bonds carry mark-up rates 0.422. 7.325.023 Market value Cost 2014 Rating (Rupees in ’000) Agritech Limited D Provision for diminution in the value .916.1 Unrated 1.916.004 (3.025 ) (285.note 7. 5.325.061 662.061 662.(Rupees in ’000) ----3.192) 34.025 147. 10 each except otherwise mentioned.061 662.025 ) Note 2015 Rating Cost Market value 2014 Rating (Rupees in ’000) Wapda Sukuk Bonds Pakistan International Airlines (PIA) Sukuk Bonds Cost Market value (Rupees in ’000) 7.3.325.3.000 138.061 662.9.325.Muneer Kamal Rating Unrated 2014 Unrated Provision for diminution in the value .134 Unrated 150.061 662. 7.004 3.8 Particulars of shares held .728 7.769 Pakistan Export Finance Guarantee Agency Limited Chairman : Mr.004) - (3.061 662.9.995 176.000 1. 7. The principal and profit is payable semi-annually with maturity in October 2019.9.75% above 6 months KIBOR.unlisted 2015 2015 2014 (Number of shares) 573.9.note 7.000 1.3 GoP Ijarah Sukuk Bonds carry mark-up rates of 0.728 7.425.475.061 662.1 Provision for diminution in the value of investments 147.061 (515.025 285.unlisted 2015 2014 ----.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 7.864 D 662.3.004 3.025 285.598 All shares are ordinary shares of Rs.2 PIA Sukuk bonds carry mark-up rates 1.000 1.000 149.061 662.004 3. The profit is payable semiannually with principal redemption at maturity falling due on March 2016 133 Financial statements and notes Sukuk and Ijarah Bonds - .22% below weighted average yield of 6 months treasury bills.025 (285.474.7 2015 Particulars of shares held .listed Rating 2015 2014 (Number of shares) 18.1 Surplus on revaluation Cost Market value (Rupees in ’000) 662.061 (520.9.

net of provision 2014 8.1.111.111.1 Particulars of advances .460 2014 ------------.620 150.In Pakistan .720.895 million).Notes to the Consolidated Financial Statements For the year ended 31 December 2015 2015 7.300.718) 106.Payable outside Pakistan Advances .2 Short term (for upto one year) Long term (for over one year) 110.net Market Treasury Bills Pakistan Investment Bonds GoP Ijarah Sukuk Bonds 8 ADVANCES 148 3.042 Note Loans.In Pakistan .353 8.249.353 (21.667 18.053 million (2014: Rs 856.1 In local currency In foreign currencies 121.Outside Pakistan Bills discounted and purchased (excluding treasury bills) . Refer note 41.213 150. cash credits.886 8 4.619 126.000) 128.952 128.1.137.321.243 150.111.089.Gross 8. running finances.396 21.110 23.140 128.879 113.771 6.025.740 128.789.Payable in Pakistan .619 (21.611.619 128.237 13.901 2015 14. .575.390. etc.450.249.724.3 This includes assets under Ijarah arrangements amounting to Rs 476.848 128.(Rupees in ’000) -----------113. 134 Standard Chartered Annual Report 2015 .062.686.709.10 ------------.353 8.789.897 1.(Rupees in ’000) ------------ Unrealized gain / (loss) on revaluation of investments classified as held for trading .025.353 2014 ------------.879 128.776.5.140 - - 12.gross Provision for non-performing advances Advances .843 14.(Rupees in ’000) ------------ 8.025.733 21.1 8.3 2015 41.183 40 54.Outside Pakistan Net investment in Finance Lease / Ijarah Finance .1.516.888.594.817 7.048.

894 20.465 21.535 539.075 23.718 - 139.774 836.400.095.774 836. in accordance with the State Bank of Pakistan Prudential Regulations (PR) and SBP Circular 10 dated 21 October 2011.400.3 .041 2.603 19.942 209.782 19.018.346.910.535 539. 1.018.450.546 297.095.020 million (2014: Rs.465 21.681 ) (57.516.910.440.313.095 20.018.363.681) (57.812 555.733 million) which have been placed under non-performing status as detailed below: 2015 Classified Advances Domestic Category of classification OAEM Substandard Doubtful Loss General provision Overseas Provision Required Total Domestic Overseas Provision Held Total Domestic Overseas Total -----------------------------------------------------.(Rupees in ’000) --------------------------------------------Opening balance 20.000 - 212.357.733 23.718 139.676 710.(Rupees in ’000) -----------------------------------------------------39.642) 21.566) 436.408.960.238.526.546 297.047.270) (121.000 - 212.733 212.778 ) 1.866 1.906 21.812 555.175 857.812 555.5.400.095 20.568) 16.664) (127.894 20.294.511 560.910.450.095.508 (1.075 23.945 (1.910.709 21.627.278 (2.600 48.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 8.866 1.812 555.333) 415.812 555.546 297.068.416 million (2014: Rs.803.954.400.095 20.709 21.733 - 44.346) 1.095.603 19.910. Increase in accumulated profits amounting to Rs.465 21. 505.441 2.960.755.960. residential and industrial properties (land and building only) held as collateral.87 million) being benefit of Forced Sale Value (FSV) of commercial.095.526.891 24.516.067 3. 24.416 - 39.000 Amounts written off Other movements Transfer to held for sale Closing balance 8.462 22.253.009 (31.23.718 - 139.416 139.343 20.294.1 At 31 December 2015.270) (121.516.450.816.(Rupees in ’000) -----------------------------------------------------44.387 (1.997) 2.733 23.894 20. the provision requirement has been reduced by Rs.718 (904.535 539.603 19.642 ) 20.000 21.067 3.782 19.546 297.000 8.526.906 (1.1 135 Financial statements and notes 8.984) 20.465 21.294.516.866 1.676 710.535 539.343 20.960.767) (20.2 Advances include Rs.357.450.535 539.526.000 212. 778.018.866 1.450.713 million due to the said FSV benefit is not available for distribution of cash and stock dividend / bonus to employees.416 24.018.343 20.664) (127.313.378 (1.973 Charge for the year Reversals 2.2.906 21.535 539.450.343 20.465 21.187.465 (904.175 857.960. Particulars of provision against non-performing advances 2015 Note Specific General 2014 Total Specific General Total ---------------------------------------------.238.770 (230.906 21.984) 21.095 20.954.516.910.416 24.891 24.894 20.294.718 2014 Classified Advances Domestic Category of classification OAEM Substandard Doubtful Loss General provision Overseas Provision Required Total Domestic Overseas Provision Held Total Domestic Overseas Total -----------------------------------------------------.463.906 21.603 19.

740 19.(Rupees in ’000) -----------(i) (ii) Debts due by directors.120.167) 968.929 (905.963.420.718 90. as the Bank continues to have the legal right of recovery. executives or officers of the bank or any of them either severally or jointly with any other persons Balance at beginning of the year Loans granted during the year Repayments / transfer Balance at end of the year Debts due by companies or firms in which the directors of the bank are interested as directors.995 (275. 2015 2014 ------------.581 149.120.1 Against provisions Charged and written off during the year 8.293 68.276 480.397) 131.516.962 (346.8 Particulars of loans and advances to directors. controlled firms.946 21.534 (86.238. 8. partners or in the case of private companies as members Balance at beginning of the year Loans granted during the year Repayments Balance at end of the year (iii) Debts due by subsidiary companies.5.865 1.531) 68. Recovery efforts on the amount charged off are ongoing.(Rupees in ’000) ------------ Details of loans written-off of Rs.450.000 1.590 1. the statement in respect of written-off loans or any other financial relief of five hundred thousand rupees or above allowed to a person(s) during the year ended 31 December 2015 is given in Annexure 1.814.000 8.568.7 This includes loans charged off as per Bank's policy.553 .731.054 718.940) 708.5.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 8.162) 121.546 904.263 21. 500. associated companies.725 360.535 693.553 6. 500.602) 693.952 6.664 215.2 Write-offs of Rs.347 29.420.718 20. etc.952 5.008 1.966 1.059.5 2014 20.000 and above Write-offs of below Rs.681 181.(Rupees in ’000) -----------Capital work-in-progress Property and equipment 136 Standard Chartered Annual Report 2015 9.001 36.535 15.455 702.282.4 Particulars of provision against non-performing advances Note In local currency In foreign currencies 8.1 5.294.008 Particulars of write offs 8.349. managed modarabas and other related parties Balance at beginning of the year Loans granted during the year Repayments Balance at end of the year 9 OPERATING FIXED ASSETS Note 968. 500.2 8.344 1.5.000 and above In terms of sub-section (3) of section 33A of the Banking Companies Ordinance.293 777.963. 8.6 2015 ------------.282. 1962.216 (1.546 639.581 2015 2014 ------------.821 1.111 (57.732 1.

737 23.883) 9.523 98.437 1.374.503 ) 93.757 516.133 ) 6.391 (889.952 6.455 (31.712 75.758.799 1.(Rupees in ’000) -----------------------------------------------------Cost / Valuations At 1 January 2014 Surplus/ (Deficit) on revaluation Revaluation adjustment Additions during the year Transfers / write offs Transfer to held for sale Deletions At 31 December 2014 Net book value Rate of depreciation 3.338.133 ) (8.963.637 (2.408 69.401 897.525 103.428 215.393 1.532 764.134 9.004 23.401 604.822. fixtures and office equipment Vehicles Total -----------------------------------------------------. 9.207.237) 573 238. The valuation performed by the valuers was based on active market prices.811) 764.429 (366.245.108 280.339) 2.966) (139.33.230 11.545 ) (145.758.253 77.091.778.28% .710 588.393 9.532 88.293 232.030 17.644 39.149 209. Iqbal A.370 ) (57.892 3.657 (112. The date of revaluation was 31 December 2014.721 5.553 6.750 ) 3.33% 33.822.110 (478.976 (203.665 2. fixtures and office equipment Vehicles Rate of depreciation 2014 Freehold land Leasehold land Buildings on freehold land Buildings on leasehold land Leased hold improvements Total -----------------------------------------------------.263 203.67% 6.155) (16.197 - - 39.644 88.959 ) (579 ) (1.010 68.022 ) (772 ) - 693.155) (12.026 ) (47.33.150 2.108 (43.374 588.725 (478.909 414.606. Nanjee & Co.710 475.027 ) (47.525 2. 137 Financial statements and notes Accumulated Depreciation At 1 January 2014 Charge for the year Revaluation adjustment * Transfers / write offs Transfer to held for sale Deletions At 31 December 2014 571.374 .521 93.253.371.409.245 588. the carrying amounts would have been as follows: 2015 2014 ------------.227.413 3.022 (2.339 93.065 (979.268.211 ) 81.501 (231.396 465.374 3.523 184.812 ) 9.494 ) (13.401 604.133 ) 2.263 - - 88.778.370 ) 285.717) 1. adjusted for any difference in the nature.358) (3.268.799 642 605.358 198.(Rupees in ’000) -----------Cost Accumulated depreciation Carrying amount 2. location or condition of the specific land and building.401 238.209 (2.754 2.374.441 (2.215 (366.33% 33.501 6.108 238.997) (90.580) 1.822.491 380.970) 1.344 588.091.265) 1.67% 6.527 480.33% Furniture.1 to the financial statements. (Private) Limited and Colliers International.2 The Bank's owned land and buildings were revalued by independent accredited professional valuers.494 ) (16.245.902 81.481. If the owned land and buildings were measured using the cost model.892 11.036 (28.749.814 (234.67%-10% 14.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 9.257 77.133 3.288.485 2.278 (2.1 Property and equipment 2015 Freehold land Leasehold land Buildings on freehold land Buildings on leasehold land Leased hold improvements Furniture.160.309) (139.821 280.133 ) 3.674 The movement in surplus on revaluation of fixed assets is given in note 20.932 (44.33% * The revaluation adjustment relates to the accumulated depreciation as at revaluation date that was eliminated against the gross carrying amount of the revalued buildings.441 1.799 504.665 16.833) (47.282.680 3.237) - 299.293 63.304 ) 604.305.358 238.374 3.959 ) (354 ) (1.807) 838.768 (203.(Rupees in ’000) -----------------------------------------------------Cost / Valuations At 1 January 2015 Additions during the year Transfers / write offs Deletions At 31 December 2015 Accumulated Depreciation At 1 January 2015 Charge for the year Transfers / write offs Deletions At 31 December 2015 Net book value 588.001 (57.500 (112.693.663 ) (147.252.140 513.741 95.572 ) (8.67% 6.28% .358.578 (44.358) (4.133 ) 2.740) 2.67%-10% 14.374 3.

452 3. Aslama Qureshi 8.135 1. and assets disposed of to the Chief Executive or to a director or to executives or to a shareholder holding not less than 10% of the voting shares of the bank or to any related party.117 - 411 411 Tender 1.149 - 174 533 318 174 533 318 Tender Tender Tender 1.000.632 8.632 - 3.958 4.599 3.773 7. irrespective of value. fixtures and office equipment are as follows: Furniture and fixtures Printers Other office equipment Computer equipment ATM machines 9.502.117 1.000: Furniture.773 - 2.284 43. fixtures and office equipment Total 138 3. are given below: Particulars Cost / Accumulated Revalued depreciation amount Book value Sale Proceeds Gain / (loss) on Sale Mode of disposal Particulars of purchaser --------------------.534 43. 2.131 million).782) Tender Mr.150 2. 9.33 20.354.566 1.460 Standard Chartered Annual Report 2015 .00 33.750 - 43.150 2.703 1.590 1.3 As at 31 December 2015.210 3.490 3.008 1.566 1. 1.900 788 560 491 395 2. the cost of fully depreciated fixed assets still in use amounted to Rs.619 2.782 2.490 3.619 2.782 - 114 212 800 114 212 800 Tender Tender Tender 1.135 1.000 and cost of less than Rs. 1 million or Rs 250. 250.590 90.703 1.870 M/S Power Tech Engineering & Services M/S National Traders M/S National Traders M/S National Traders M/S National Traders M/S Pakistan International SF General Trading M/S National Traders M/S National Traders M/S Pakistan International SF General Trading M/S National Traders M/S National Traders M/S Pakistan International SF General Trading M/S Pakistan International Trading M/S Pakistan International SF General Trading Items having book value of less than Rs.33 14.4 Depreciation rates for furniture.750 47.28 percent percent percent percent percent Details of disposal of fixed assets whose original cost or book value exceeds Rs.620 1. M.33 33.(Rupees in ’000) --------------------- Leasehold land Furniture.008 - 204 204 Tender 87.000.752 Tender 7.750 45.958 4.149 1.968 (9.215 million (2014: Rs.900 788 560 491 395 Tender Tender Tender Tender Tender 2.452 3.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 9. which ever is less. 2.750 33.599 - 1. fixtures and office equipment 43.133 43.752 3.5 33.883 47.

350 3.310 - 26.350 29.665 38.114 20% As at 31 December 2015. 338.584.153 - 1.783 ) 29.680 774.095.982.453.350 338.133 (4.330 (10.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 10 INTANGIBLE ASSETS 2015 Core deposits intangible Goodwill Cost At 1 January 2015 Additions during the year At 31 December 2015 Amortised At 1 January 2015 Charge for the year At 31 December 2015 Net book value Customer relationships intangible Brand names Computer Software Total ----------------------------------------------------.665 342. the bank has used a long term forecast GDP growth rate of 4.350 29.96 percent and a discount rate of 22.310 1.350 million (2014: Rs.982.982.039 13.680 774.362. the gross carrying amount of fully amortised intangible assets (computer software) still in use amounted to Rs.580.982.1 .936 (4.735 26.350 million).934 363. These have then been extrapolated for a further period of 18 years using a steady long term forecast GDP growth rate and a terminal value determined based on a long term earnings multiple.350 3.210 6.982.095. 338.742 9.609 25.394 3.071 324.413 761.680 389.413 1.407.310 26.611 285.387 ) 338.783 ) 338.407. 139 Financial statements and notes 10.350 338.982.173.400 338.801 - 26.934 324.413 1.310 - 5. The calculations are based on the 2016 budget and forecasts for subsequent two years as approved by the management.731 38.(Rupees in ’000) ----------------------------------------------------26.095. The cash flows are discounted using a pre-tax discount rate which reflects the current market rate appropriate for the business.039 46.680 389.982.413 1.310 1.096 55. would not cause the carrying amount to exceed the recoverable amount.982.095.400 343.433 26.310 26.095.153 - 1.095.413 774. The management believes that any reasonable possible changes to the key assumptions on which calculation of recoverable amount is based.580.527 (10. For the calculation as at 31 December 2015.413 774.2 The recoverable amount for the purpose of assessing impairment on goodwill on acquisition of Union Bank Limited was based on value in use.153 29.869 761.387 ) 3.91 percent.460 769.400 389. 10.413 1.580.720 20% Rate of amortisation 2014 Cost At 1 January 2014 Additions during the year Transfer to held for sale At 31 December 2014 Amortised At 1 January 2014 Charge for the year Deletions/ write offs Transfer to held for sale At 31 December 2014 Net book value Rate of amortisation 26.599 338.611 7.400 389.413 - 751.126.069 64.

376.947) 15. The management based on the exercise carried out.246 (86.376.190.651 ) (221.356.206) (7. Standard Chartered Annual Report 2015 .339 (86. 1.356.039) (6.NET The following are major deferred tax assets / (liabilities) recognised and movement thereon: 2015 At 1 January 2015 (Charge) / credit to profit and loss Debit / (credit) to equity / other comprehensive income Transfer to held for sale At 31 December 2015 ------------------------------------------.312) 5. in future years be able to achieve deductions in excess of the aforesaid prescribed limits.987) (204. 5.870 million has been recognised.067.995 58.039 ) (6. As such Deferred tax asset of Rs. since 2010 to date has been able to realise deferred tax assets aggregating to Rs.137 ) 2.(Rupees in ’000) ------------------------------------------- Available for sale investments Provisions for loans and advances Other assets Fixed assets Surplus on revaluation of fixed assets Goodwill Actuarial gains on retirement benefits 11.612 ) (85.311 ) (69.342.145 ) (1.669 ) (20.413 ) (260.833 (876.986 ) (195.471) (2.960 ) (13.321 million.575.480) (1.435.001 (3.058) (1.505 (876.833 ) 600.1 140 (34.822 ) (227.471 ) (2.472 (351.612 ) (1.986) (195.064 ) (5.575. The Bank.462 ) 28.218.309) 2014 At 1 January 2014 (Charge) / credit to profit and loss Debit / (credit) to equity / other comprehensive income Transfer to held for sale At 31 December 2014 ------------------------------------------.874) (380.990 ) (85.339) (142.774) 5.105) (51.960) (13.394.246 (86.088 ) (164 ) (26.840) (52.311) (69.870.162 2. concludes that the Bank would.312 ) 5.207 ) 5.643) 141.121. the claim of provision for advances and off balance sheet items in respect of Corporate and Consumer (including SME) advances has been restricted to 1% and 5% of gross advances respectively.471 16.190.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 11 DEFERRED TAX ASSETS / (LIABILITIES) .815 ) (12.833) In terms of the Seventh Schedule to the Income Tax Law.314.495 200.490 (1.796 (84.647 52.(Rupees in ’000) ------------------------------------------- Available for sale investments Provisions for loans and advances Other assets Fixed assets Surplus on revaluation of fixed assets Goodwill Actuarial gains on retirement benefits (1.756.029 ) (1.

1 8.654 9.542.922.2 12.548.107 462.362 52. The transaction is subject to final approval by regulator and shareholders.3 Disposal Group Held for Sale Last year.373 116.373) 37.984 138.745.963 710.593.45%). The Central Bank of Sri Lanka previously had allowed remittance of major portion of the outstanding balance.3 12.396 83. ‘unproductive debts’.280 18.net of provisions 12.984) (2.009 116.269 37. the management of the Standard Chartered Bank Pakistan has decided to divestment its shareholdings in Standard Chartered Leasing Limited (SCLL) (86. The recoveries made (net of expenses) from such assets are to taken to income from Sri Lanka branch operations.373 Provision against other assets Opening balance Reversal during the year Transfer to held for sale Closing balance Consequent to Sale and Purchase Agreement (SPA) signed between Standard Chartered Bank. ‘staff loans of SCBPL who are not retained by the purchaser’. As at 31 December 2015. Sri Lanka operations Assets Held for Sale Advances against future Murabaha Advance Federal Excise Duty Commodities under Islamic finance Unsettled trades Others 2015 33.369 32.241 302.893. the disposal group is stated at lower of carrying value and fair value less cost to sell.2 .028 (309.979 10. as disclosed in note 25 to these financial statements.3 12.476 8.positive fair value Receivable from SBP / Government of Pakistan Receivable from associated undertakings Receivable from Standard Chartered Bank.057 39.373 429.424 157.415 13.525 175 338.1 2014 ------------.416 39.038.607 146.538 5.095 581. the bank has entered into an agreement with Orix Leasing Pakistan Limited for divestment of its stake in these subsidiaries. 'their corresponding housing loans’ and ‘assets arising from litigation which cannot be assigned’ are held in trust with SCBSL.443 2. Standard Chartered Modaraba (SCM) (20%) and Standard Chartered Services of Pakistan (SCSP) (100%).671) 116. According to the terms of SPA. the Sri Lanka branch operations of SCBPL were amalgamated with SCBSL with effect from close of business on 10 October 2008.378.209 689.949 9.381.060 34. 12.024. Sri Lanka (SCBSL) and Standard Chartered Bank (Pakistan) Limited (SCBPL).382 (116.479 188.533 188.299 594.095. advance rent and other prepayments Receivable from defined benefit plans Receivable from defined contribution plans Advance taxation (payments less provisions) Branch adjustment account Unrealized gain on forward foreign exchange contracts Interest rate derivatives and currency option .167 20.(Rupees in ’000) ------------ OTHER ASSETS Income / mark-up accrued in local currency Income / mark-up accrued in foreign currencies Advances.373) 31.443 1. On 1 September 2015.103 (116.025 9. Assets and liabilities of the Disposal Group Held for Sale are comprised of the following: 141 Financial statements and notes 12. deposits.961 616.140.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Note 12 Less: Provision against other assets Other Assets . and consequently recorded as receivable.434 581.

961 2.227 8.232.434 26 345.244.531) 4.600 9.049.513 ) 417.579 (119.480 10.144 3.022 11.323 96 344.665.999 1.358 3.645 5.826 40.446.290.(Rupees in ’000) -------------------------------------- Cash and balances with treasury banks Balances with other banks Investments Advances Operating fixed assets Intangible assets Other assets 70 (1.118 19.209 512.042 Liabilities classified as held for sale: Borrowings from financial institutions Deferred tax liabilities .872.608.207 431.015.025 11.758 274.163.549 46.144 8.721.614 4.579 151 495.820 46.183 190.820 12.624 14.169 230 18.178 11.092 3.547 78.241 40.289 56.538 650.756.673.672 4.888.130 3.808.539 1.076 431.720 5.232.431.958 Liabilities classified as held for sale: Borrowings from financial institutions Deferred tax liabilities .254 104.115 10.346 104.085 12.263.338 27.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Assets classified as held for sale: 2015 SCLL SCM SCSP Total -------------------------------------.542.839 73.368) 4.000 190.146 562.774 33.839 4.582 5.999 14.097 176.591.804 4.534 6.(Rupees in ’000) -------------------------------------- Cash and balances with treasury banks Balances with other banks Investments Advances Operating fixed assets Intangible assets Other assets 130 (1.162 7.608.738 Provision against impairment (119.453 4.477.631 9.635 550 (16.354.896 14.882.net Other liabilities 142 Standard Chartered Annual Report 2015 .357 4.010 9.183 4.074.826 13.066 5.200 ) 5.227.533.282) 418.200) 10.net Other liabilities Assets classified as held for sale: 2014 SCLL SCM SCSP Total -------------------------------------.012.368) 9.893.534 2.178 924.323 (214.888 550 70.333 21 496.577 Provision against investment (214.133 5.074.363.139 5.

3 Mark-up on Long Term Finance Facility (LTFF) from State Bank of Pakistan carry mark up rates ranging from 2.470 5.020.2 14.5 percent to 3. The market value of securities held as collateral against lendings to financial institutions amounted to Rs.192.671 14.563.715 1.671 20.991 5.5 These include overdrawn nostro accounts with other branches and subsidiaries of Standard Chartered Group outside Pakistan amounting to Rs.244.046. These loans are secured against promissory notes executed by the Bank in favour of State Bank of Pakistan. 2.451 15.3 Unsecured Call borrowings Overdrawn nostro accounts 14. 14.621.5 percent (2014: 5.401.5 percent) per annum.726 1.176 1.620. 1.616 12.275 million (2014: Rs.4 These carry mark-up at rate 6.115 1.275 21.605 20.046. and are due to mature during January 2016.738.715 1.1 14. 143 Financial statements and notes payable at maturity and are due to mature by January 2016.191 5.5 3.5 percent to 6.2.459 billion (2014: Rs. 14.5 percent to 11 percent) per annum.707 14.490 2.5 percent per annum payable at maturity.726 million (2014: Rs. 1.5 percent (2014: 9.621. These are secured against six months market treasury bills.000 1.623.2.1.784.1 Particulars of borrowings with respect to currencies In local currency In foreign currencies 14.349 billion).179 1.726 million).Notes to the Consolidated Financial Statements For the year ended 31 December 2015 13 BILLS PAYABLE Note 2015 2014 ------------. .2.831. 1.2 percent (2014: 6.054.2.2 Details of borrowings secured / unsecured Secured Borrowings from State Bank of Pakistan under Export Refinance (ERF) scheme Repurchase agreement borrowings (Repo) State Bank of Pakistan .650.65 percent) per annum 14.(Rupees in ’000) ------------ In Pakistan Outside Pakistan 14 11.065.738. These borrowings are secured against demand promissory notes executed by the Bank in favour of State Bank of Pakistan.621.671 BORROWINGS In Pakistan Outside Pakistan 14.055.784.2.5 percent to 9. 1.1 Mark-up on Export Refinance (ERF) from State Bank of Pakistan is charged at 1.079. ERF borrowings also include borrowings under Islamic Export Refinance scheme amounting to Rs.192.244.956 million).451 1.2.244.102 15.956 17.835 21.5 percent to 8.2.451 15.784.295.176 1.964 17.721 11.295.LTFF 14.2 Repurchase agreement borrowings carry mark up rate of 6.275 21.260.4 14.622.046. 14.956 17.395.622.711 17.614 542.2.2.2.

286 1.173 327.1 2.860.083.305. on 29 June 2012.659.400.721.721.Special exporters' account Financial Institutions .396 134.1 24. unsecured. Terms for the fourth outstanding issue are as follows: Year of Issue Rating Rate Floor Ceiling Repayment 144 242.(Rupees in ’000) ------------ In local currency In foreign currencies 16 16.324 1.280 22.637 883.274 304.Non-remunerative deposits 2015 2014 ------------.500.299.584.Fixed deposits .934 572.305. 438.Savings deposits Non.620.2 Particulars of deposits Note 2015 2014 ------------.085 million (2014: Rs.Margin accounts .000 2.103 6.988 1.532.000 The Bank.186 302.75% above the six months Karachi Inter-Bank Offered Rate ("KIBOR") prevailing one working day prior to the beginning of each semi annual period 10 years . subordinated TFCs of Rs 2.Remunerative .1 267.541 15.Remunerative deposits .805 61.719.888.121.151 59.(Rupees in ’000) ------------ 15.324 Standard Chartered Annual Report 2015 2012 AAA 0.614 152.500 million by way of private placement.857 million) against balances of other branches and subsidiaries of Standard Chartered Group operating outside Pakistan.370 945.825 5.118.359.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 15 DEPOSITS AND OTHER ACCOUNTS Note Customers Remunerative .198 320.121. issued fourth rated.420 422.928 327.742 142. 15.500.500.541 SUB-ORDINATED LOANS Term Finance Certificates issued 16.282 144.736 304.267 612.1 This includes Rs.772. 496.Current accounts .

2 2014 ------------.731 2.850 38.(Rupees in ’000) ------------ Ordinary shares of Rs.042 3.003 3.850 145 Financial statements and notes 18.826.443 37.790 6.808.217 2.003 931.318.428 1.715.3 29.871.758 631.021 3.800.000.739.185 207.715.442.939.344 667.937.000 9.084 757.938 211.000 38.018 931.000.850 32.397.676 120.633.683 414.543.958 1.3 17.204 725.000.850 9.000 18.10 each 40.533.784 667.277 25.566.785.393 7.653 615.739.163.633 26.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 2015 17 OTHER LIABILITIES Note Mark-up / return / interest payable in local currency Accrued expenses Advance payments Sundry creditors Unrealized loss on forward foreign exchange contracts Unrealized loss on interest rate derivatives and currency options Payable to defined benefit plans Due to Holding Company Dividend payable Liabilities held for sale Unclaimed balances Provision against off balance sheet obligations Worker's Welfare Fund (WWF) payable Unsettled trades Others 17.539 171.2 Issued.084 Provision against off-balance sheet obligations Opening balance Charge for the year .000 40.397.914 1.021 Ordinary shares of Rs.633.249 Due to Holding Company On account of reimbursement of executive and general administrative expenses Royalty and other payable 17.442.000 2015 2014 ------------.972 430.152 586.428 318.945 203.000 4.241 480.000.048 52.000.1 Authorized Capital .633 7.077 6.053 7.048 5.850 29.024 532.585.939.168 9.(Rupees in ’000) ------------ SHARE CAPITAL 2015 2014 Note (Number of shares) 4. subscribed and paid-up Capital 2015 2014 ------------.071.1 12.258.2 510.000.817.3 17.364.443 414.318.446 414.585.226 1.800.807 7.018 2.net Closing balance 18 335.638 95.1 33.785. 10 each Fully paid in cash Issued in terms of scheme of amalgamation 18.084 253.(Rupees in ’000) ------------ 2.871.

151 shares of Rs 10/.25 per share) in respect of the year ended 31 December 2015 (2014: Rs.074.399.636 ) 3.323 (69.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 18. 1962.796 1.1 This represents excess of fair value of the shares over par value of shares issued to registered shareholders of Union Bank in terms of the amalgamation scheme. This is in addition to 7.090 9. 19 RESERVES Note 2015 2014 ------------.582 6.913 (4.50% (Rs 1.net of tax Surplus on revaluation of fixed assets as at 1 January Surplus on revaluation of owned properties recorded during the year Surplus realized on disposal of revalued properties Transferred to unappropriated profit in respect of incremental depreciation charged during the year . 18.772.3 These represent 892.per share) interim cash dividend announced during the year.50% (Rs.970 2.1 19.258.782) 3.75/.111.net of tax 146 Note Standard Chartered Annual Report 2015 .409) (38.2 3.954 9. These shares have been issued in accordance with the scheme of amalgamation duly approved by State Bank of Pakistan on 4 December 2006. held 98.2 In accordance with the Banking Companies Ordinance. 19. These financial statements for the year ended 31 December 2015 do not include the effect of final dividend appropriations which will be accounted for subsequent to the year end. 19.039) 3.671.706 10.064 ) (51.480 ) 183 13.554.NET OF DEFERRED TAX Surplus / (deficit) arising on revaluation of: Fixed assets Available for Sale Securities 20.50 /.206) 3. the Bank is required to transfer twenty percent of its profit of each year to a reserve fund until the amount in such fund equals the paid-up capital of the Bank.702.290 3.723.4 At 31 December 2015.039 ) 3.313) 3.708 3.3 The Board of Directors in their meeting held on 3 March 2016 have announced a final cash dividend of 12.904) (13. and 39.044 19.409 (52.110 (523 ) (24.090 8.934.1 2015 2014 ------------.036.99% shares of the Bank.008 (69.(Rupees in ’000) ------------ 20.per share).323 ) (6. United Kingdom against transfer of entire undertaking of SCB Branch Business by SCB to the Bank.671.702.852 shares issued and allotted at par credited as fully paid up to persons who were registered shareholders of Union Bank.2 1. United Kingdom.772.each issued and allotted at par to Standard Chartered Bank.009 6.556.424 (20.057 380.008 (9.036. Standard Chartered Bank .979 3.262.313 ) (2.1 20.970 Surplus on revaluation of fixed assets .net of deferred tax Related deferred tax liability Surplus on revaluation of fixed assets as at 31 December Less: Related deferred tax liability on: Revaluation surplus as at 1 January Revaluation surplus recorded during the year Revaluation surplus realized on disposal during the year Incremental depreciation charged during the year transferred to profit and loss account Surplus on revaluation of fixed assets as at 31 December . 0.(Rupees in ’000) ------------ Share premium Statutory reserve 19.964.928.708 2. 1. 20 SURPLUS / (DEFICIT) ON REVALUATION OF ASSETS .245.

377 million (2014: Rs 2.063. the management expects a favourable decision from the competent court.1 Transaction-related contingent liabilities Guarantees issued favouring: .016 43.455.019.471.134 34.137.582 (1.net of tax 2015 ------------.4 Commitment for acquisition of fixed assets 21. Considering the facts of the case and the opinion of legal expert.927.151.774) 3.056 million (2014: Rs 528 million).924 16.038 4. 21.782.Others Note 48.260 28.915 24.036 3.1 Guarantees relating to Islamic Banking Business amount to Rs 3.262.122 60.189 13.041.1 6.009 2015 21.986 64. A request for clearance of its premises from the competent court has been filed based on the fact that the bank is a bonafide purchaser of the premises having no relevance with the principal case.969 million).(Rupees in ’000) ------------ 21.923.887.417. the management expects a favourable decision from the dealing court.312) 2.756.2 Surplus / (deficit) on revaluation of Available for Sale securities .5 Other contingencies 21.427 21.3.058 5.2.932. The management is of the view that these relate to the normal course of business and the possibility of an outflow of economic resources is remote.229 24.995 5.364 million (2014: Rs 3.1 These represent certain claims by third parties against the Bank.938 21.356 20. The Bank has identified that a regulatory authority has filed a case on the land where an office building is constructed and the bank owns a portion of that premises. A favourable decision of the High Court of Sindh has been received whereby the High Court has directed the Lower Court to expeditiously decide these Petitions on merit.321 (1. The Bank is also in litigation with various tenants for repossessing its office space in one of its other owned properties.3 Trade-related commitments Acceptances 21. The cases are now being tracked at the Rent Controller’ court.5.316 18.183 21.Government .672.1 Letters of credit 2014 . 147 Financial statements and notes 21. Based on the facts of the case and the opinion of legal expert.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Note 20.1.1.1 Acceptances relating to Islamic Banking Business amount to Rs 2. 21.787 78.1 Claims against the Bank not acknowledged as debt 2014 ------------.313 3.074 million).556. which are being contested in the Courts of law.1 53.1 Letters of credit relating to Islamic Banking Business amount to Rs 4.(Rupees in ’000) ------------ Market Treasury Bills Pakistan Investment Bonds Sukuk and Ijarah Bonds Listed shares and units of mutual funds Related deferred tax (liability) / asset 21 CONTINGENCIES AND COMMITMENTS 21.972 24.925.2. 21.121.886 25.2 Trade-related contingent liabilities 21.376.5.3.

496 32.210.648.146 21.8.485 4.8.217. of Contracts FX Options Notional Principal * No.560.535 7 83. 21.9 Derivative instruments 21.2 Standard Chartered Leasing Standard Chartered Modaraba 55.(Rupees in ’000) ------------ Purchase from: State Bank of Pakistan Other banks Customers 19.631 - - With other entities for Hedging Market Making 13 6.536.624 With FIs other than banks Hedging Market Making 3 649.146 495.478 14 167.312 7 83.620.8.927 - - 2014 * At the exchange rate prevailing at the end of the reporting period Contracts with banks represent contracts entered with branches of Standard Chartered Bank.2 The amount represent outstanding commitments of Standard Chartered Modaraba in respect of letters of comfort.487.8.327 3.248 Total Market Making 33 30. 21.1 The amount represent lease commitments of Standard Chartered Leasing Limited outstanding.9.691 3.6 Commitments in respect of forward foreign exchange contracts 2015 2014 ------------. except for 1 contract with local banks having notional principal of Rs 104. 21.080.750 45.631.521 The maturities of the above contracts are spread over a period of one year.623.498 75.(Rupees in ’000) -----------21.030.000 9. 21.190 Sale to: State Bank of Pakistan Other banks Customers 53.217.624 Total Hedging Market Making 24 9.300 51.7 million.1 21.329.890 131.281 4. UK to obtain cover against the contracts with customers.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 21.213 572. 148 Standard Chartered Annual Report 2015 .1 Product analysis Counterparties 2015 Interest Rate Swaps Cross Currency Swaps No.8 Commitments of subsidiaries 2015 Note 2014 ------------.7 Commitments to extend credit The Group makes commitments to extend credit in the normal course of its business but these being revocable commitments do not attract any significant penalty or expense if the facility is unilaterally withdrawn.388 486. of Contracts (Rupees in ’000) Notional Principal * (Rupees in ’000) With Banks for Hedging Market Making 8 2.

618.974 2014 ------------.113 296.693 301.738 183.631) (119.004 709.194 727.460 233.470.893) 9.165 4.116.367 315.865 2.498.992 464.755 332.011 35.523 222.999 million).880 13. 149 Financial statements and notes Equity Securities .498 This includes gain on sale of non-banking assets amounting to Rs.544.697 1.550 638.050 338.2 Maturity analysis Interest Rate Swaps & Cross Currency Swaps Remaining Maturity No.289) 494.379 13. 112.859 20.826.747 36.382 (70.382 17.572 902.165) (88.111) (4.922 272.868 19.378 27.308 .158 MARK-UP / RETURN / INTEREST EXPENSED Deposits Securities sold under repurchase agreements Call borrowings Borrowings from State Bank of Pakistan under Export Refinance (ERF) scheme Profit on redeemable capital.640 82.Listed 25.631 1.(Rupees in ’000) -----------On loans and advances to customers On loans and advances to financial institutions On investments in: i) Held for trading securities ii) Available for sale securities On securities purchased under resale agreements On call money lending / placements 23 11.793 600.147 331 35.882 13. Nil (2014: Rs.126 OTHER INCOME Income from Sri Lanka branch operations Rent on property Gain on disposal of fixed assets Loss on derivatives Gains on assets fair valued at acquisition Other income 12.9.525 1.196 3.366 (331.269.602 399.962 21.378 156.878) 85.986) (13.351.932 17.732 11.106) 4.495 959.724 167.233 85.521 225.200 3.873.1 (325) 22.015.670.363 3.2 25.217.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 21.391 38.NET Federal Government Securities Market Treasury Bills Pakistan Investment Bonds Ijarah sukuk 25 16.478 Note (13.506 GAIN ON SALE OF SECURITIES . musharika and murabaha Term Finance Certificates (sub-ordinated loans) Others 24 12.876 384.766 21.564 9.567 21.116 225.240 12.1 9.082 703.(Rupees in ’000) --------------------------------- Upto 1 month 1 to 3 months 3 to 6 months 6 months to 1 year 1 to 2 years 2 to 3 years 3 to 5 years 5 to 10 years Above 10 years 22 MARK-UP / RETURN / INTEREST EARNED 3 2 1 10 3 5 24 649.883.591.637.697 44.456 57.867 2015 (4.430 600.493 401.894 17.939 33.829 26.829 21.015.679 33. of contracts Notional principal Negative Mark to Market Positive Net ----------------------.

357. electricity. gratuity and provident funds Special certifications and others Taxation services Out-of-pocket expenses 26. taxes.400 4.2 Auditors' remuneration Audit fee Fee for audit of pension.3 Total cost for the year included in Administrative Expenses relating to outsourced activities is Rs 1.431.000 2. Legal and professional charges Communications Repairs and maintenance Stationery and printing Advertisement and publicity Donations Auditors' remuneration Depreciation Amortization Traveling.512 ) 36.394 190.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 26 ADMINISTRATIVE EXPENSES Note 2015 2014 ------------.000 20.1 26.660 243.824 Details of the donations given in excess of Rs.400 4.319 475.000 3.646 113.568 17. 150 Standard Chartered Annual Report 2015 .071.623. conveyance and vehicles' running Reimbursement of executive and general administrative expenses Royalty .769 184.200 18.385.816 million (December 2014: Rs 1.595 (38. Accordingly the royalty amounting to Rs 267.000 3. Charge / (income) for defined benefit plans Contributions to defined contribution plans Rent.903 339.000 1.000 are given below: Donee Institute of Business Administration The Citizen Foundation The Kidney Centre Lahore University of Management Sciences Habib University Aman Foundation The Hunar Foundation 26.318 18.543 480.689 1.4 During the year. the State Bank of Pakistan has partially restricted the remittance of royalty expense to SCB group.760 135.496.480 12.181 472.618 263.2 26.336 265.000 1. service quality and technology maintenance.385 1.965 125.255 12.656 1.580 26.1 CEO of the bank is also a member of the Board of Governors of The Kidney Centre.749 145.1 8.412 445.5 million). contact centre. etc.326 310 1.1.045 240.288.1 26.297 21.3 26.799 194.330 253.(Rupees in ’000) -----------Salaries.456 - 8.375.543 26.564 234. This includes payments to local companies for obtaining routine services such as personnel for collection and recoveries.1.463 338.848 ) 349.000 1. insurance. courier services and executive and general administrative expenses of SCB UK.725 55. etc.850 1.307.350 1. allowances.656 21.336 310 692 1. 100.048 7.281 5.528 1.net Reward and bonus points redemption Premises security and cash transportation services Documentation and processing charges Others 26.205 20.755 million has been reversed.588 (77.501 46.828.147.000 3.4 5.200 4.693 135.275 1. 26.972 378. 26.

The Bank has paid entire amount under protest.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 27 OTHER PROVISIONS / ASSET WRITE OFFS 2015 2014 ------------.542 million for which no provision has been made.122 15. resulting in aggregate refund of Rs.553.168 453.325) 187.553.6 million has been issued. has disposed off appeals for tax years 2011. Further.438 4.) at reduced rates Prior year provision Others 29. 515.133.994 5.122 The return for income year 2015 (Tax Year 2016) is due for filing by 30 September 2016.018 119.800 ------------.695 15.256. The management considers that a significant amount of the additional tax liability is the result of timing differences and is confident that the issues in the above mentioned tax years will be decided in favour of the Bank at appellate forums. capital gain etc.725 317. no additional provision is required.128 697.352 835 327.108.Deferred 29.761 187.053 5. 2012 and 2013.365.447.564 204.323 (25.802 294 (13.323 6.368.(Rupees in ’000) ------------ For the year .231.133.007 TAXATION For prior years' Relationship between tax expense and accounting profit Profit before taxation 5. goodwill amortisation etc.(Rupees in ’000) -----------Fixed asset write offs Other provisions Provision against receivable under cross currency swaps arrangement Overdue mark up suspended Provision against non-banking assets acquired in satisfaction of claims Others 28 OTHER CHARGES 555 2014 40. during the year.141 million on certain items. determining additional tax liability on account of various issues such as disallowances of expenses relating to provision against loans and advances. deciding certain issues including claim of provision for bad debts under seventh schedule in favour of the Bank. Accordingly.458) 6. The Tax Authorities have passed an order for the income years 2009 and 2010 levying Federal Excise Duty amounting to Rs.378. an order for income year 2011 levying Federal Excise Duty of Rs.994 (643) 5. The resultant tax demands have been paid by the Bank which includes Rs 7. The demand has been stayed by the Sindh High Court.200 447. Appeals against the amended assessment orders are pending before different appellate forums.2 (364 ) (364 ) 2. 151 Financial statements and notes Tax at the applicable tax rate of 35% (2014: 35%) Expenses that are not deductible in determining taxable income Income (dividend.948 1.643 14.436.180 5. The Commissioner (Appeals).564. 644 million due to the Bank.874 5. The Bank is contesting the order in the appeal.1 555 2015 Net charge / (reversal) against fines and penalties imposed by SBP Worker's Welfare Fund (WWF) Impairment loss on remeasurement of disposal group 29 3. The tax department amended the assessment for income years 2007 to 2014 (tax years 2008 to 2015 respectively) under the related provisions of the Income Tax Law.253 697.459 95.Current .164 .761 5.

8.136 STAFF STRENGTH (Number) Permanent Temporary / on contractual basis / direct contracts Group's own staff at the end of the year Outsourced Total Staff Strength 33 DEFINED BENEFIT PLANS 33. if the employee is not entitled for pension.(Rupees in ’000) -----------9.431 429 3.5% p. 5% p.(Rupees in ’000) -----------Cash and balances with treasury banks Balances with other banks 32 29.a.a. the employees of ANZ Grindlays Bank transferred to the bank are entitled to both pension and gratuity and the minimum number of years required for entitlement of pension is 25 years for these employees.BASIC AND DILUTED 2015 2014 ------------. For the employees of ex-ANZ Grindlays Bank.5% p. 33.300.a.268. 11% p. SLIC (2001-05) ultimate mortality table rated down one year Light .475. The employees of the bank are entitled to either pension or gratuity. During the year the bank has converted its non management staff gratuity defined benefit scheme into defined contribution scheme. the percentage is increased to 100%. However. Non Management Staff Gratuity Fund The plan provides a lump sum gratuity calculated at one month's salary for each completed year of service (maximum 40 months) after completing 5 years of service. Management Staff Pension Fund The plan is closed to active employees. The entire liability is in respect of existing pensioners.a.a.5% p. The employees of SCB are entitled to either pension or gratuity.871.basic and diluted 31 2.304 5 3.345 387.309 1.a.462 (Number of shares) 3. Pension is calculated as 1/120 times the last drawn merged salary for each year of service.862.400 Non Management Staff Pension Fund The plan provides pension calculated at 50% of the average pensionable salary after completing 30 years of service.021 Weighted average number of ordinary shares in issue during the year 3.2 Principal Actuarial Assumptions The last actuarial valuation of the scheme using projected unit credit method was carried out on 31 December 2015 and key assumptions used for actuarial valuation were as follows: Discount rate Expected rate of increase in salary in future years Expected rate of return on plan assets Expected long term rate of increase in pension Mortality rate Withdrawal rate 152 Standard Chartered Annual Report 2015 2015 2014 9% p.425 6 3. The conversion date is December 31. 9% p. 13.652.a.1 General description 21.585.49 2014 ------------.871.860 3.646 3.091 4. 2015. SLIC (2001-05) ultimate mortality table rated down one year Light 13.39 CASH AND CASH EQUIVALENTS 2015 2.134 4.782.301 21. 10% p.761 Profit for the year attributable to equity holders of the bank 9.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 30 EARNINGS PER SHARE .021 (Rupees) Earnings per share . but not both.482. However. but not both.585. the plan provides a lump sum calculated at 50% of last drawn merged salary for each completed year of service (maximum 40 months) after completing 5 years of service.002 33.a.

681 (51.772 26.941 82.148) (1.772) 49.080 3.647 65.079 (5.711 5.277 47.426 (2.429 21.919 59.562) 7.Change in financial assumptions .695 80.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 SCB Non Management SCB Non Management Pension Fund Gratuity Fund 33.765 3.260) (23.536 7.6 2014 Movement in defined benefit obligation Obligation as at 1 January Current service cost Interest cost Amount transferred to Defined Contribution Plan Benefits paid Re measurement : Actuarial (gain) / loss on obligation Liability Settlement (gain)/ loss Obligation as at 31 December 33.625 55.263 9.055 (6.630 5.827 3.513 9.546 52.460 (6.485 25.603) 81.3 2015 2014 2015 2014 55.684 425 6.079 5.355 9.665 59.889 72.5 2015 Reconciliation of (receivable) / payable from / to defined benefit plan --------------------------------------------------------.144 (8.057 9.925 ) (880) 12.764 ) 9.681 59.983) (6.204 (7.464) 3.993) (53.812 179.543 175.794 (5.177 39.221 (1.397) 66.615) (72.772) Movement in (receivable) / payable from / to defined benefit plan Balance as at 1 January Charge for the year Contribution to the fund during the year Actuarial (gain) / loss on plan assets Balance as at 31 December 33.252) 2.456 (174 ) 17.427 5.603 (95.184) 2.389 3.492) (2.764 2.7.564 (3.681 75.460 (9.574 (1.397 (95.000 (95.772) (26.189) (8.Actuarial gain / (loss) on plan assets 9.792 6.456 174 5.116 (18.444 44.210 22.493) (7.077 5.614 (3.848) (143.690 6.461 3.630 18.823 175.376 395 9.606) (17.426 (22.023) Re-measurement : interest income net of return on plan assets Actual net return on plan assets Interest income on plan assets Net re-measurement recognised in other comprehensive income 8.080 ) 20.716 5.1 Components of plan assets as a percentage of total plan assets Bonds Cash and net current assets 95% 5% 86% 14% 95% 5% 153 Financial statements and notes Components of defined benefit costs recognized in profit and loss account.652 338 126 3.629 ) (320) (2.003) (25.145) 17.665 47.116 48.574 ) (21.543 6.690 .629 ) 65.023) 32.277 46.377 320 4.264) 11.461) (44.684 6.267 ) 300 47.513 (1.077 (38.184) 3.145) (3.708 12.614 12.494 21% 79% 76% 24% 70% 30% 33.145 17.000) 6.037) 75.838 9.665 100.189 (6.025) 27.456 (5.594 ) (331 ) (10.696 3.Change in demographic assumptions .684 5.071) 7.210 22.746 (6.060 9.646 3.252) (1.(16.444 ) (60.377 (320) 3.429 18.977) 17.123) (30.109 5.346 218 502 6.037 ) (38.444 52.740 ) 3.555 (4.925 ) (46.794 (5.000) (46.426 2.812 (20.060 3.025) 32.4 2014 Total SCB Management Pension Fund 3.377 ) (46.941 26.615 72.848 143.977 126 81.823 175.711 5.037 ) (36.792 (9.564 Components of defined benefit costs (re-measurement) recognised in other comprehensive income Re-measurement : Actuarial gain / loss on obligation .919 953 1.845 ) 11.003) (13. .977) 132.250) (2.079 (6.513) (2.250 7.123) (30.931 (20.845 ) 11.037) 114.009) 3.646 (3.764 99.064 5.941) 3.Expected return on plan assets .503) 502 6.461 2.057 3.003) (25.606) (17.153 ) 300 24.291 18.513 1.812) (20.263 3.221 (1.646 92.071 3.503) (2.427 143.7 2015 Movement in fair value of plan assets Fair value as at 1 January Interest income on plan asset Contribution / (refund) by the bank Amount transferred to Defined Contribution Plan Benefits paid Re measurement: Actuarial gain / (loss) on plan assets Fair value as at 31 December 33.669 Actual return on plan assets .260) 75.848) (92.427 ) (132.148) 80.509 55.931 (20.250) 8.574 1.221 (36.267 ) 174 44.377 6.684 16.080 ) 4.204 (7.426) (2.543 114.(Rupees in ’000) ------------------------------------------------------------- Present value of defined benefit obligations Fair value of plan assets (Asset) / liability recognised 33.260) 49.824 (10.264) 425 60.071) 51.824 (10.684 (425) 5.684) 395 5.278 4.889 206.500 (2.889 (20.708 9.349 (3.764 (2.993) (53.848 ) 7.574 21.000 (18.116 32.485 25.625 26.546 52.249 2.669 21.278 4.799 11.349 (18.003) (13.461 44.355 6.464) 22.077 52.Change in experience assumptions (788) 3.144 (20.696 66.983 3.646) (46.746 (95.109 Amount recognized in total comprehensive income The following amounts have been charged in respectof these benefits to profit and loss account and other comprehensive income: Current service cost Interest cost Expected return on plan assets Recognition of past service cost 218 6.740) (99.494 49.456 ) 338 3.

645 Fair value of plan assets 132.231 million).695 million (2014: Rs. the Bank's liability towards its parent.812 179.637 ) (3.350 59. 0. Phantom scheme not yet vested are still being accounted for cash settled basis.2 Sensitivity Analysis on defined benefit obligations 2015 +1% Discount rate 2014 -1% Discount rate 2015 +1 % Salary increase 2014 -1 % Salary increase 2015 +1 % Pension increase 2014 -1 % Pension increase --------------------------------------------------. 34 SHARE BASED PAYMENTS The Bank's employees participate in the following share compensation plans operated globally by the ultimate holding company.429 169. 154 Standard Chartered Annual Report 2015 2014 Number ('000) 97 18 (16 ) (15 ) 1 85 Weighted average exercise price £ per share - .Notes to the Consolidated Financial Statements For the year ended 31 December 2015 33.546 59.277 59.(Rupees in '000) --------------------------------------------------- Non Management Pension Fund Non Management Gratuity Fund Management Pension Fund 33.025 ) 32. The total expense recognised in respect of above schemes on equity settled basis amounts to Rs.077 27. The remaining life of the plan is ten years.018 55.729 169.004 (6.20 in detail. however continues to be determined and recorded on cash settled basis for options not yet vested.423 Deficit / (Surplus) (18. Performance and restricted share awards will generally be in the form of nil price options to participate in the shares of SCPLC.82.826 55. It is the Group’s main share plan.536 (7.loss / (gain) 1. The main features of each plan are as follows: i) Standard Chartered Share Plan The 2012 Standard Chartered Share Plan replaced all the Group’s existing discretionary share plan arrangements following approval by shareholders at the Group’s Annual General Meeting on 5 May 2011. Standard Chartered Plc (SCPLC).(Rupees in '000) ------------------------------------------ Present value of defined benefit obligation 114. the Group has changed its arrangement to issue shares of SCPLC upon meeting the vesting conditions.753 55.549 63.000 ) (741) Experience adjustments on plan assets .7.136 2015 2014 2013 2012 2011 -----------------------------------------.546 59.712 63.339 million. Movements in the number of share options held by the Bank's employees are as follows:2015 Number ('000) At 1 January Granted during the year Exercised during the year Lapsed during the year Notional dividend Adjustment due to right issue At 31 December 85 28 (14) (22) 1 4 82 Weighted average exercise price £ per share - The weighted average price at the time the options were exercised during 2015 was £ NIL (2014: £NIL).291 175.3 Five year data on surplus/ (deficit) of the plans and experience adjustments 52.439 (7.7.889 206.493) 5.loss / (gain) 65.277 55.827 168.7. 25. For employees in Pakistan. Previously the Group operated cash equivalent or "phantom" arrangements under which employees can receive a cash benefit linked to either the growth in Group's share (Sharesave scheme) or the value of the Group's share (restricted / performance share awards) and the arrangement did not give an option to the Bank's employees to buy SCPLC shares.300 ) 222 Experience adjustments on plan liabilities . applicable to all employees with the flexibility to provide a variety of award types including performance shares.823 175. As also explained in note 3.889) 33.848 143.145 3. The market value of shares is denominated in pounds sterling at the time of grant.977 6.373 (18. deferred awards (shares or cash) and restricted shares.4 Expected contribution for the year ending 31 December 2015 in relation to Non-Management Pension Fund amounts to Rs.936 51.

78 / 10.93 Weighted average exercise price Number (000) 8. the Restricted Share Scheme is not applicable to the Group's executive directors. Movements in the number of share options held by the Bank's employees are as follows:- 155 .83/10.99 10.80 11.41 Number of options (000) - Weighted average remaining life Expected Contractual years years 85 10 5.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 2015 Range of exercise price Weighted average exercise price NIL - 2014 Weighted average remaining life Number of Expected Contractual Weighted options years years average (000) exercise price 82 10 5.22/2.063 thousand). repaid in cash.91 The intrinsic value of vested International Sharesave cash-settled awards as at 31 December 2015 was Rs. ii) International Sharesave Scheme The International Share save Scheme was first launched in 1996 and made available to all employees of the Bank.86 10.82/2.8). Fifty per cent of the award vests two years after the date of the grant and the remainder after three years.85 The weighted average price at the time the options were exercised during 2015 was £10.78 9.91 The intrinsic value of vested International Sharesave cash-settled awards as at 31 December 2015 was 2. As at 31 December 2015.89 62 2014 Weighted average remaining life Expected Contractual years years 3.33 0.85 5. the employee may elect to have the savings.647 thousand (2014: Rs 11.33/5. Employees have the choice of opening a three-year or a five-year savings contract. There are no performance conditions attached to options granted. employees may exercise the awards and receive any benefit in cash. Movements in the number of share options held by the Bank's employees are as follows:2015 Weighted average exercise price £ per share Number ('000) At 1 January Granted during the year Exercised during the year Lapsed during the year Adjustment due to right issue At 31 December 70 25 (3) (33) 3 62 2014 Number ('000) 84 26 (1) (39) 70 10.85 9.33 Weighted average exercise price Number (000) 10.854 thousand). plus interest. as it has no performance conditions attached to it. alternatively.89 Weighted average exercise price £ per share 11. total number of options exercisable were 10.86 8.09 / 7. Within a period of six months after the third or fifth anniversary. The options granted do not confer any right to participate in any share issue of any other company. The price at which they may purchase shares is at a discount of up to 20 percent on the share price at the date of the invitation.11/10.33/5.113.57/£13.11/ 10. total number of options exercisable were 1.46 / 7. Range of exercise price £5. 23. The options granted do not confer any right to participate in any share issue of any other company. iii) Restricted Share Scheme The Restricted Share Scheme is a discretionary share incentive scheme for high performing and high potential staff at any level of the organisation whom the Group wishes to motivate and retain.408 thousand (2014: Rs. Except upon appointment when an executive director may be granted an award of restricted shares.85 70 1.91/11. The awards granted under this scheme are nil cost options with any benefit payable in cash.933.65 (2014: £9.27 / 12.65 9.61 Financial statements and notes 2015 Weighted average remaining life Expected Contractual years years 3. 32. As at 31 December 2015.45 5.

total number of options exercisable were 9. 3. As at 31 December 2015.07 The intrinsic value of vested Supplementary Restricted Share Scheme cash-settled awards as at 31 December 2015 was Rs. 21. iv) Supplementary Restricted Share Scheme The Group operates a Supplementary Restricted Share Scheme which can be used to defer part of an employee's annual bonus in shares. Movements in the number of share options held by the Bank's employees are as follows:2015 Number ('000) At 1 January Granted during the year Exercised during the year Lapsed during the year Adjustment due to right issue At 31 December 2014 Weighted average exercise price Number ('000) £ per share 1 1 1 1 - 2015 Range of exercise price N/A Weighted average exercise price Number of options (000) - 1 Weighted average exercise price £ per share - 2014 Weighted average remaining life Expected Contractual years years 5 Weighted average exercise price Number of options (000) - 1 2. and there is no individual annual limit.089 thousand (2014: Rs. total number of options exercisable were 1.07 Weighted average remaining life Expected Contractual years years 5 3. 2.807. no new shares can be issued to satisfy awards.07 The intrinsic value of vested Restricted Share Scheme cash-settled awards as at 31 December 2015 was Rs.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Weighted average exercise price £ per share 2015 Number ('000) 13 (1 ) (3 ) 1 10 At 1 January Granted during the year Exercised during the year Lapsed during the year Adjustment due to right issue At 31 December Weighted average 2014 Number exercise price £ per share ('000) - 22 (9 ) 13 - - The weighted average price at the time the options were exercised during 2015 was Nil (2014: Nil). 2015 Range of exercise price N/A Weighted average exercise price - 2014 Weighted average remaining life Number of Expected Contractual Weighted options years years average (000) exercise price 10 - 1. 23.327 thousand).3 Number of options (000) - Weighted average remaining life Expected Contractual years years 13 - 2.211 thousand (2014: Rs. The plan is principally used for employees in the global markets area and is similar to the RSS outlined above for three important factors: executive directors are specifically prohibited from the plan.428. As at 31 December 2015. 156 Standard Chartered Annual Report 2015 .062 thousand).

324 3.514 52.671 17.451 327.559 10.324 3. relating to all Executives.309 25.431.121.070.830 5.482.605 17.977 461..992.813.458 Interst Rate swaps / Foreign currency options / Forward purchase contracts 81.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 35 COMPENSATION OF CHIEF EXECUTIVE AND EXECUTIVES Note Chief Executive* 2015 2014* Directors 2015 2014 Executives 2015 2014 ---------------------------------------.954 5.134 4. The aggregate amount in this respect.018.184 11.458 354.1 35. In addition to the above.300.605 5.425.300.295.2 The Chief Executive is also entitled to house allowance in lieu of furnished accommodation and provided with Bank maintained car.795 236.725.974 Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Other liabilities Off-balance sheet financial instruments 157 Financial statements and notes On .969.784.630 3.566 224.657.475. 35.097 128.191 21.(Rupees in ’000) -----------------------------29.1 The director's remuneration / fees represents remuneration paid to the Bank's 3 non-executive directors (2014: 3) for attending Board and Sub-Committee meetings.784.541 304.301 387.969.332 million). 521.632.529 27.789 69.808 24.566 224.677.218.128 5.121.555 388.187.301 10.305.901 20.187.401.131 *'This includes managerial remuneration and other benefits of current and previous Chief Executives.575.594.860.184 377.456 1.849 81.000 18. In addition. This is determined on the basis of employee's evaluation and the Bank's performance during the year.451 327.475.218.880 68.901 20.091.392 Interest Rate swaps / Foreign currency options / Forward sale contracts 56.889 525.808 354.028 157.791.335 5.813.460 128.587 5.671 304. 485.367.529 377. including Chief Executive of the Bank are also eligible for discretionary variable compensation which includes cash &/or share awards.002 26. etc.449 219.305.860.091.431.830 11.000 3.494 412.net Other assets 2014 Fair value .555 388.353 128.244.453 2.541 2.795 - 1.575.563.906 57.482.521 million (2014: Rs.957 69.499 12.335.381.366 53.721 140.2 Number of persons 30.539 1.165.170 460.097 188.229 21. 36 FAIR VALUE OF FINANCIAL INSTRUMENTS On-balance sheet financial instruments 2015 Book value Book value Fair value -----------------------------.net Advances .134 4. the Chief Executive and some of the executives are also reimbursed for cost of medical expenses and other benefits like club subscription.132 106.165. as per their terms of employment. all Executives.(Rupees in ’000) ---------------------------------------- Director's remuneration / fees Managerial remuneration Contribution to defined contribution plan Rent and house maintenance Medical Others 35. 35.070.345 387.191 21.690.632.575. including Chief Executive of the Bank amounted to Rs.978 1 3 3 3 1.335.655.575.309 25.992.563.401.245 1.320.475.132 106.475.244.097 51.594.353 27.833 2.611 3.229 29.002 26.833 24.345 21.559 188.558 889 26.335 - 5.000 18.balance sheet financial instruments Assets Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments .494 412.

Fair value of financial instruments is based on: Federal Government Securities Sukuk Bonds (other than government) Listed securities PKRV and PKISRV rates (Reuters page) MUFAP rates Market prices Fair value of fixed term advances of over one year.26.2 36.000 - - - - 36.214 .134 97.451 21.324 327.002 .412.Lending to financial instruments .849 .864 - .134 176. 36.918 106.223.availability of relevant active market for similar assets and liabilities. between knowledgeable willing parties in an arm's length transaction.106.57.26.335.784.6.21.784.223.(Rupees in ’000) ----------------------------------------------------Financial assets measured at fair value .325.2 36.920 97.539.2 36.Borrowings .295.307.000 .191 11.20.555 25.29.091.81.106.514 - Financial assets not measured at fair value .791.121.2 36.25.2 36.2 36.367.401.864 36.81.130.Sukuk Bonds (other than government) .121.388.132 36.906 .Bills Payable .134 176.864 176.482.725.864 .2 1.033.229 176. or a liability settled.1 The table below analyses financial instruments measured at the end of the reporting period by the level in the fair value hierarchy into which the fair value measurement is categorised: On balance sheet financial instruments Note 2015 Carry value Available Loans Other Other for and financial financial Sale Receivables Assets liabilities Held for Trading Fair value Total Level 1 Level 2 Level 3 Total ----------------------------------------------------.Advances .Balances with other banks .482.901 .134 4.594.493.325.367. staff loans and fixed term deposits of over one year cannot be calculated with sufficient reliability due to non .969.335.142.29.002 .196 .300.Other liabilities (excluding liabilities against assets subject to finance lease) Off balance sheet financial instruments Interest Rate swaps / Foreign currency options / Forward purchase contracts Interest Rate swaps / Foreign currency options / Forward sale contracts 158 Standard Chartered Annual Report 2015 .000 2.969.295.134 .2 36.2 - - - .451 .Other assets Financial liabilities not measured at fair value .134 97.324 .138.070.594.791.134 97.033.880 - - .4.864 223.223.725.223.2 36.500.594.Sub .191 .2 - - - .494 .566 1.500.521 388.401. The provision for impairment of debt securities and loans and advances has been calculated in accordance with the Bank's accounting policies as stated in note 3.142.091.134 176.56.134 .906 - 56.843.327.494 223.901 80.000 .11.901 .Investments Government Securities (Tbills + PIBs + Sukuks) Sukuk Bonds (other than government) Equity securities traded (Shares) 1.514 - 57.2.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Fair value is the amount for which an asset could be exchanged.555 .Cash and bank balances with SBP and NBP .20.521 - - - - - - .268 .566 1.849 - 81.493.880 - 81.033.300.ordinated loans .Deposits and other accounts .214 - 221.

unobservable inputs).353 27.813.392 - 69.605 304.728 146.2 36.244.605 .187.Other assets 36.575.771 149.2 36.187.475.625 - - - - - - - 68.499 .345 387. either directly (i.392 - - - 52.187.354.789 - 68.Other liabilities (excluding liabilities against assets subject to finance lease) 36.2 Financial liabilities not measured at fair value .17.677.598 - .(Rupees in ’000) ----------------------------------------------------Financial assets measured at fair value . 36.325.2 36.813.559 1.184 146.2 36.529 188.087 - 21.563.728 146. 159 Financial statements and notes The Bank measures fair values using the following fair value hierarchy that reflects the significance of the inputs used in making the measurements: .Deposits and other accounts .2 36.598 187.089.475.ordinated loans .353 27.304.575.305.187.2 36.677.000 180.2 36.529 377.439.Borrowings .2 36.667.000 - - - - - - - . as prices) or indirectly (i.000 - 5.808 .325.089.e.e.501 - 179.Investments Government Securities (Tbills + PIBs + Sukuks) Sukuk Bonds (other than government) Equity securities traded (Shares) 8.244.789 - 69.187.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 On balance sheet financial instruments Note Available for Sale Available Loans for and Sale Receivables 2014 Carry value Other Other financial financial Assets liabilities Fair value Total Level 1 Level 2 Level 3 Total ----------------------------------------------------.808 354.269. Level 3: Fair value measurements using input for the asset or liability that are not based on observable market data (i.598 - - - 187.320.974 - 53.Sub .Bills Payable .Cash and bank balances with SBP and NBP .345 387.2 These financial assets and liabilities are for short term or reprice over short term.431.097 - - - 5.2 Off Balance sheet financial instruments Interest Rate swaps / Foreign currency options / Forward purchase contracts Interest Rate swaps / Foreign currency options / Forward sale contracts Level 1: Fair value measurements using quoted prices (unadjusted) in active markets for identical assets or liabilities.520.101.771 149.722.Advances .671 2.366 - 53.381.771 149.728 146.000 128.24. derived from prices).301 10.559 128.974 Financial assets not measured at fair value .475.541 17.500.Sukuk Bonds (other than government) .370.301 10.370.425.598 .625 24. Therefore their carrying amounts are reasonable approximation of fair value.366 - 52.541 .320.728 146.269.475.596 - 21.671 2.370.Lending to financial instruments .425. Level 2: Fair value measurements using inputs other than quoted prices included within Level 1 that are observable for the assets or liability.305.598 - 8.270 149.501 1.e.500.Balances with other banks .381.563.

377 465.585.687 409.183.123) 6.130 4.873 6.393 7.762 14.923 1.000 239.89% 5.348.478 3.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 37 SEGMENT DETAILS WITH RESPECT TO BUSINESS ACTIVITIES Segment analysis with respect to business activity 2015 Internal Income Net mark-up / return / interest income Non mark-up / non interest income Operating income Non mark-up / non interest expenses Internal non mark-up / non interest expenses Operating profit before provisions and taxation Direct write-offs / provisions against non-performing loans and advances .435.462.750.529.429.718.410 340.247.643 15.774 8.564 15.400.228.394 478.474.98% 3.007 480.585 3.121.584 13.524 5.676 12.43% 108.038 3.098 110.372.011 8.905 (3.Segment provisions) Standard Chartered Annual Report 2015 (113.131.925.368.384.736 7.702 14.918.861 29.681 313.150 7.164 1.620 35.393 95.089.772 (1.928.079 22.744.net Profit before taxation Other segment items: Depreciation of tangible fixed assets 73.018.046.608.725 377.860 132.107 5.237 4.65% 20.502 (149.026 3.108 ) 2.56% 4.893.718 ) 23.975 -0.729 10.643 8.244) 2.488.255.043 3.667 371.97% 2014 Internal Income Net mark-up / return / interest income Non mark-up / non interest income Operating income Non mark-up / non interest expenses Internal non mark-up / non interest expenses 9.330.599) 3.632 50.330 34.740 4.809.024.550.743.676 17.665 7.203.net of recoveries Provision for diminution in the value of investments Profit before taxation Other segment items: Depreciation on tangible fixed assets Amortisation on intangible assets Segment assets (gross) Segment non performing loans Segment provision required Segment liabilities Segment return on net assets (ROA) (%) * Segment cost of funds (%) ** Corporate and Commercial Retail Total institutional clients clients clients -------------------------.607.833.695 475.253.947 15.269 3.829 3.51% 2.524 3.776 23.478 7.066 202.918 408.349.371 (1.42% 19.767.379.734 406.985 253.963 Provision for diminution in the value of investments .424 21.375 ) 23.212.881 (45.30% 75.66% 2.433 75.852 73.416 21.469.763.966 8.512 442.408 11.331 28.31% 3.457.958.894 9.(Rupees in ’000) -------------------------(12.017.120.823.541) 21.733 4.093.080 13.023.655 9.079 17.271) (138.663 36.081 753.932 (13.333.343.432 108.395.831 30.491 14.378 11.501 46.957.822 24.851.116.766.056 623.904.535 56.450.564.660 12.000 7.042.856 55.944.014.183 8.476.650 13.33% 6.41% 2.767.709.357 ) 142.303 Operating profit before provisions and taxation Direct write-offs / provisions against non-performing loans and advances .176.730.525.087.029 9.32% Segment ROA = Profit before tax / (Segment assets .372 4.454 1.916 2.236.095.927 Amortisation of intangible assets Segment assets (gross) Segment non performing loans Segment provision required Segment liabilities Segment return on net assets (ROA) (%) * Segment cost of funds (%) ** * 160 21.797.705 880.418) 867.718 392.net of recoveries 672.110 (4.196 4.328 2.605 14.516.03% .06% 6.729 15.425 8.689 357.020 1.337.432.491 80.601 3.230 1.792.363.635.951 3.856 34.

Notes to the Consolidated Financial Statements For the year ended 31 December 2015 ** Segment cost of funds have been computed based on the average balances.183 453 21.Notional .739. advisory services and other lending activities for corporate and financial institutions.Notional Derivative instruments. The transactions and balances with related parties are summarised as follows: OUTSTANDING BALANCES Note 2015 2014 ------------. personal loans etc.748 7.SLA Transaction-related contingent liabilities .(Rupees in ’000) ------------ Key management personnel Loans and advances to key management personnel Deposits of key management personnel Rent payable 38.445 19.183.892 1.621. ultimate parent company.079 56. trade. trade. Corporate and Institutional Clients This include deposits.834 1.342 2. The products include FX forwards.382.745 290 6.988 7.420 1.275 496.1 Deposits of group company Due from group companies Due to holding company Due to group company Due from other subsidiaries and branches of the company Interest receivable from group companies Inter-company derivative assets Inter-company derivative liabilities Other receivables .046. which entails various cash and interest risk management products for customers. It also includes the overall management of treasury of the Bank.442. wealth management and SME discretionary lending activities.048 74.581 172.085 16.Interest rate swaps .434 4.FX options . The Group also provides advances to employees at reduced rates in accordance with their terms of employment.112 - 68.253.718 87.958 - 131.Guarantees Commitments in respect of forward foreign exchange contracts Derivative instruments.301 214.1 38.313.493 1.199. unsecured lending (credit cards.443 93.572 83. Commercial Clients This include deposits.450.716 65 20.956 438. secured lending (mortgages.) for priority and small business clients.037. employees' retirement benefit funds and other associated undertakings.459.1 4. key management personnel. The transactions with related parties are conducted at commercial / agreed terms.663 4. deposits.624 337.857 8.).508 24.559 33. 38 RELATED PARTY TRANSACTIONS Related parties comprise of Standard Chartered Plc.069 202 31. its other subsidiaries and branches..574 161 Financial statements and notes Group Nostro balances with other subsidiaries and branches of the holding company Overdrawn nostro balances with other subsidiaries and branches of the holding company Vostro balances of other subsidiaries and branches of the holding company Placements with other subsidiaries and branches of the holding company 38. overdrafts etc.620 25. FX options and interest rate swaps. Retail Clients This includes wealth management.540.

588 207.1.906 3.3 PROFIT AND LOSS Group Mark-up / return / interest earned Mark-up / return / interest expensed Fee and commission expense Fee and commission income Reimbursement of executive and general administrative expenses Payment to group company for direct sales services rendered Reimbursement of administrative expenses (including rent and other charges) Gain on inter-company derivatives Reversal of royalty expense Dividend paid 162 Standard Chartered Annual Report 2015 26.745 178.807 555.239.304 1.747 19.613 873 5.085 37.385.349 5.038 1.747 28 6.769 669.639 20.025) 101.623.564 16.000 (9.949 526.796 234.870 435.3 .335 2.1 Donation to The Kidney Centre Net gain / (loss) on derivatives 38.512) 8.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Note 2015 2014 ------------.968 202 8.net of payments received Charge for defined contribution plans Net charge / (income) for defined benefit plans Mark-up / return / interest expensed on deposits of staff retirement benefit funds Mark-up / return / interest expensed on deposits of customers with common directorship Mark-up / return / interest earned on advances to customers with common directorship 26.431.628 11.795 647 Others Contribution to defined contribution plans .064 184.656 (38.414 1.605 349.158 24.088 (77.687 169.625 373.802 23.2 Payment made to Central Depository Company of Pakistan Limited Gas charges Miscellaneous income from company with common directorship 488.548 421.077 138.848) 11.506 (18.528 Key management personnel Mark-up / return / interest earned Mark-up / return / interest expensed Salaries and benefits Post retirement benefits Remuneration / fee paid to non-executive directors Rent expenses 4.753 38.205 4.Guarantees Trade-related contingent liabilities .855 32.739 1.087 1.689.(Rupees in ’000) -----------Others Loans and advances to customers with common directorship Deposits by staff retirement benefit funds Deposits by customers with common directorship Accrued interest receivable against loans and advances to customers with common directorship (Receivable from) / payable to defined benefit plans Receivable from defined contribution plans Transaction-related contingent liabilities .293 113.745 184.363 77.151 387.494 11.693 8.706 3.801 3.739 1.629 82 1.606 22.Letter of Credit Advance receivable 121.347 176.606 - 17.419 28.702 5.775) 4.1 33.991 118.849 7.683 693.

through its BPRD circular No. 5.00% 6.00% 10.490 Group companies 38.00% 10.00% 6.00% 0.745 503.50% 1.50% Additional Tier-1 (ADT 1) 6.2 The previous CEO of the bank was also the member of the Board of this organisation.026) Key management personnel 172.162 ) 121.50% 1.90% .00% 10. The capital adequacy ratios of the Bank were subject to the Basel 3 capital adequacy guidelines stipulated by the State Bank through its BPRD Circular No.50% 7.00% 6.718 693.50% 1. the State Bank requires the Bank to maintain prescribed capital to total risk-weighted assets ratios. 10 billion on 31 December 2013 and onwards. 163 Financial statements and notes S No.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 38.834 1.00% 5.715.347 25.349. net of liquid assets.715 billion and is in compliance with the SBP requirement.112 Others 549.6 dated 15 August 2013.0 billion or above.018.65% 11.216 (1. The paid up capital of the Bank for the year ended 31 December 2015 stands at Rs.50% 7.50% 12.00% 1.397 ) 131. shall be taken 125% for the year ended 31 December 2015 instead of previous requirement of 115% risk weight on all unrated private sector borrowers with aggregate outstanding exposure from financial institutions (both fund-based and non-fund based) of Rs.293 777.0 billion or above.50% 1. Year End 2015 2016 2017 2018 6. 39 Capital Adequacy Ratio (CAR) disclosure Capital Structure The State Bank of Pakistan through its BSD Circular No. and risk-weighted assets are determined according to specified requirements that seek to reflect the varying levels of risk attached to assets and off-balance sheet exposures.00% 10.90% 10. 02 dated 09 January 2015 issued revised instructions for calculation of risk weight on outstanding exposures against large unrated private sector borrowers.445 Deposits 33. the State Bank.581 149. Banking operations are categorised in either the trading book or the banking book. These instructions are effective from 31 December 2013 in a phased manner with full implementation intended by 31 December 2019.50% 10. net of liquid assets.439 ) 732.50% 7.471 ) 87.104.50% 7.50% 1.65% 1.153 (166.28% 11.50% 10.00% 2.10 billion paid up capital (net of losses) by the end of the financial year 2013.00% Total Capital *Capital Consumption Buffer (CCB) 10.50% 7. The raise was to be achieved in a phased manner requiring Rs.749 (1. Under Basel III guidelines banks are required to maintain the following ratios on an ongoing basis: Phase-in arrangement and full implementation of the minimum capital requirements: 1 2 3 4 2014 Ratio 2013 Common Equity Tier 1 (CET 1) 5.00% 1.00% Total Capital plus CCB 31 December 2019 6. The circular requires that the risk weight on all unrated private sector borrowers with aggregate outstanding exposure from financial institutions (both fund-based and non-fund based) of Rs. Furthermore.776 166.534 (86.1 Net movements in loans and deposits are summarised as follows: Balance as at 31 December 2014 Loans and advances Key management personnel Others Net disbursement / deposits Net repayments / withdrawals Balance as at 31 December 2015 ------------------------------------------.25% 0.28% 1.(Rupees in ’000) ------------------------------------------- 68.50% *(Consisting of CET1 only) Moreover.50% 7.726 (512.00% 10.07 dated 15 April 2009 requires the minimum paid up capital (net of losses) for all locally incorporated banks to be Rs.00% Tier 1 10.532. 38. 3.25% 10.

40 %) and Tier-1 capital of Rs. 164 Standard Chartered Annual Report 2015 . 36. exchange translation reserves and impairment allowances that are not held against identified debts. conditions and other features of the Bank's sub-ordinated debt currently in issue is given in note 16 to these financial statements. financial institution and insurance companies. Further. vii) 50% of investments in majority owned securities or other financial subsidiaries not consolidated in the statement of financial position. ii) 50% of investments in majority owned securities or other financial subsidiaries not consolidated in the statement of financial position. Bank level disclosure of the leverage ratio and its components has started from 31 December 2015. As at 31 December 2015. - Tier II capital includes sub-ordinated debt. The Bank remained compliant with all externally imposed capital requirements through out the year. balance in share premium account. statutory reserves as disclosed on the balance sheet and un-appropriated profits (net of accumulated losses. which includes perpetual non-cumulative preference shares and share premium resulting from the same.137 million (2014: Rs. financial institutions and insurance companies. there has been no material change in the Bank’s management of capital during the year. ii) Deficit on revaluation of available for sale investments iii) Defined-benefit pension fund net assets iv) Reciprocal cross holdings in equity capital instruments of other banks. with total Tier 1 capital being the sum of CET1 and ADT1 below: - Common Equity Tier I capital. which includes fully paid up capital (including the bonus shares). v) Investment in mutual funds above a prescribed ceiling. if any). The deduction from Tier 1 Capital include mainly: i) Book value of goodwill / intangibles.73 % (2014: 7.25 percent of credit risk weighted assets. The deductions from Tier 2 include mainly: i) Reciprocal cross holdings in other capital instruments of other banks. 35.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 The Bank’s regulatory capital is analysed into three tiers. revaluation reserves on assets. The Bank did not have any ADT1 as of 31 December 2015. Information on the terms. - Additional Tier I capital. Leverage Ratio Tier-1 Leverage Ratio of 3% is being introduced in response to the recently published Basel III Accord as the third capital standard. during transition phase. Goodwill and other intangibles are deducted from Tier I capital. vi) Threshold deductions applicable from 2015 on deferred tax assets and certain investments. the bank has a leverage ratio of 6. There is a restriction on the amount of impairment allowances that are not held against identified debts upto 1. general reserves.258 million).

472 38.930 6.1.038 - - 26.797 43.197 752.850 1.133.35% 17.1.954 6.13% 16.889.496 41.044 2.036.496 6.950 26.036.906 4.72% 16.917 - 24.252 17.000 44.244.090 8.307.068.35% 6.000.715.008.139 36.91% 7.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Common Equity Tier 1 capital (CET1): Instruments and reserves 1 2 3 4 5 6 7 8 9 10 11 Fully Paid-up Capital Balance in Share Premium Account Reserve for issue of Bonus Shares Discount on Issue of shares General/ Statutory Reserves Gain/(Losses) on derivatives held as Cash Flow Hedge Unappropriated profits Minority Interests arising from CET1 capital instruments issued to third parties by consolidated bank subsidiaries (amount allowed in CET1 capital of the consolidation group) CET 1 before Regulatory Adjustments Total regulatory adjustments applied to CET1 (Note 39.2) Additional Tier 1 capital after regulatory adjustments Additional Tier 1 capital recognized for capital adequacy 21 Tier 1 Capital (CET1 + admissible AT1) (11+20) 12 13 14 15 39 Total Risk Weighted Assets (RWA) {for details refer Note 39.706 5.25% 5.185.167 35.000 2.073.205 20.431.465 3.068.25% of Credit Risk Weighted Assets Revaluation Reserves (net of taxes) of which: Revaluation reserves on fixed assets of which: Unrealized gains/losses on AFS Foreign Exchange Translation Reserves Undisclosed/Other Reserves (if any) T2 before regulatory adjustments Total regulatory adjustment applied to T2 capital (Note 39.1.00% 165 Financial statements and notes 27 28 29 30 31 32 33 34 35 36 37 38 Tier 2 Capital Qualifying Tier 2 capital instruments under Basel III plus any related share premium Tier 2 capital instruments subject to phase-out arrangement issued under pre-Basel 3 rules Tier 2 capital instruments issued to third parties by consolidated subsidiaries (amount allowed in group tier 2) of which: instruments issued by subsidiaries subject to phase out General provisions or general reserves for loan losses-up to maximum of 1.00% 7.154.575.109.13% 18.402 36.996.50% 10.365 6.00% 10.003 - 555.950 14.936 208.028 2.018 56.460.258.663 1.974 2.326.715.5} 25 26 44 45 46 47 Capital Ratios and buffers (in percentage of risk weighted assets) CET1 to total RWA Tier-1 capital to total RWA Total capital to total RWA Bank specific buffer requirement (minimum CET1 requirement plus capital conservation buffer plus any other buffer requirement) of which: capital conservation buffer requirement of which: countercyclical buffer requirement of which: D-SIB or G-SIB buffer requirement CET1 available to meet buffers (as a percentage of risk weighted assets) 48 49 50 National minimum capital requirements prescribed by SBP CET1 minimum ratio Tier 1 minimum ratio Total capital minimum ratio (including buffer requirement of 0.997 835.114 55.440 1.928.3) Tier 2 capital (T2) after regulatory adjustments Tier 2 capital recognized for capital adequacy Portion of Additional Tier 1 capital recognized in Tier 2 capital Total Tier 2 capital admissible for capital adequacy TOTAL CAPITAL (T1 + admissible T2) (21+37) 22 23 24 2015 .505.744 539.(Rupees in ’000) -----------38.950 26.13% 6.950 26.850 1.898.402 14.136 19.074.36% 20.347 218.645.551.797 6.750.136.947 35.402 14.996.557.1) Common Equity Tier 1 16 17 18 19 20 Additional Tier 1 (AT 1) Capital Qualifying Additional Tier-1 capital instruments plus any related share premium of which: Classified as equity of which: Classified as liabilities Additional Tier-1 capital instruments issued to third parties by consolidated subsidiaries (amount allowed in group AT 1) of which: instrument issued by subsidiaries subject to phase out AT1 before regulatory adjustments Total regulatory adjustment applied to AT1 capital (Note 39.402 14.50% 7.25%) 40 41 42 43 2014 ------------.090 9.

058 - 19. financial and insurance entities that are outside the scope of regulatory consolidation Portion of deduction applied 50:50 to Tier-1 and Tier-2 capital based on pre-Basel III treatment which. remain subject to deduction from additional tier-1 capital Adjustments to Additional Tier 1 due to insufficient Tier 2 to cover deductions Total regulatory adjustment applied to AT1 capital (sum of 23 to 29) * as the Bank does not have Additional TIER 1 Capital.1. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the common stocks of banking.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 39. during transitional period.1 Regulatory Adjustments and Additional Information 2015 Amount 39.587 - 384.825.898.565 20. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the capital instruments of banking.832 42.139 - 19.2 Additional Tier-1 & Tier-1 Capital: regulatory adjustments 23 24 25 26 27 28 29 30 Investment in mutual funds exceeding the prescribed limit Investment in own AT1 capital instruments Reciprocal cross holdings in Additional Tier 1 capital instruments of banking. deduction is made from CET 1 166 Standard Chartered Annual Report 2015 - - - - - - - - - - - - . financial and insurance entitiesthat are outside the scope of regulatory consolidation (amount above 10% threshold) Deferred Tax Assets arising from temporary differences (amount above 10% threshold.928. financial and insurance entities Investments in the capital instruments of banking. financial and insurance entities that are outside the scope of regulatory consolidation.1 Common Equity Tier 1 capital: Regulatory adjustments 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Goodwill (net of related deferred tax liability) All other intangibles (net of any associated deferred tax liability) Shortfall in provisions against classified assets Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) Defined-benefit pension fund net assets Reciprocal cross holdings in CET1 capital instruments of banking. net of related tax liability) Amount exceeding 15% threshold of which: significant investments in the common stocks of financial entities of which: deferred tax assets arising from temporary differences National specific regulatory adjustments applied to CET1 capital Investments in TFCs of other banks exceeding the prescribed limit Any other deduction specified by SBP Adjustment to CET1 due to insufficient AT1 and Tier 2 to cover deductions Total regulatory adjustments applied to CET1 (sum of 1 to 21) 2014 Amounts subject to PreBasel III treatment* Amount ------------.307.901 - - - - - - - 1.701 96.390.(Rupees in ’000) -----------18. financial and insurance entities that are outside the scope of regulatory consolidation. financial and insurance entities Cash flow hedge reserve Investment in own shares/ CET1 instruments Securitization gain on sale Capital shortfall of regulated subsidiaries Deficit on account of revaluation from bank's holdings of fixed assets/ AFS Investments in the capital instruments of banking.249 927.167 39.1.

during transitional period.390. financial and insurance entities Investment in own Tier 2 capital instrument Investments in the capital instruments of banking. financial and insurance entities where holding is less than 10% of the issued common share capital of the entity of which: Recognized portion of investment in capital of banking. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the capital instruments issued by banking.259 - - - - 3.803.520.1.154 555.(Rupees in ’000) ------------ - - - - - - - - - - - 2015 2014 ---------. remain subject to deduction from tier-2 capital Reciprocal cross holdings in Tier 2 instruments of banking.061.465 1.937 3.906 539.(Rupees in ’000) --------37 (i) (ii) (iii) (iv) 41 42 43 44 - - 1.1.3 Tier 2 Capital: regulatory adjustments 31 32 33 34 35 36 Portion of deduction applied 50:50 to Tier-1 and Tier-2 capital based on pre-Basel III treatment which.934.538. financial and insurance entities where holding is more than 10% of the issued common share capital of the entity Amounts below the thresholds for deduction (before risk weighting) Non-significant investments in the capital of other financial entities Significant investments in the common stock of financial entities Deferred tax assets arising from temporary differences (net of related tax liability) Applicable caps on the inclusion of provisions in Tier 2 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardized approach (prior to application of cap) Cap on inclusion of provisions in Tier 2 under standardized approach Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach (prior to application of cap) Cap for inclusion of provisions in Tier 2 under internal ratings-based approach .587 1.474 - 2.419 - - - 167 Financial statements and notes 38 39 40 Risk Weighted Assets subject to pre-Basel III treatment Risk weighted assets in respect of deduction items (which during the transitional period will be risk weighted subject to Pre-Basel III Treatment) of which: deferred tax assets of which: Defined-benefit pension fund net assets of which: Recognized portion of investment in capital of banking. financial and insurance entities that are outside the scope of regulatory consolidation Total regulatory adjustment applied to T2 capital (sum of 31 to 35) 39. financial and insurance entities that are outside the scope of regulatory consolidation.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 2015 Amount 39.4 Additional Information 2014 Amounts subject to PreBasel III treatment* Amount ------------.

952 58.823 461.134 4.327 58.191 21.851 Share capital Reserves Unappropriated profit Minority Interest Surplus on revaluation of assets Total liabilities & equity 38.401.191 21.963.837 Balance sheet as in published financial statements 2015 39.002 26.472 967.952 5. AT1.300.594.969.632.290 461.850 10.632.808. financial and insurance entities exceeding regulatory threshold of which: Mutual Funds exceeding regulatory threshold of which: reciprocal crossholding of capital instrument (separate for CET1.901 - e 555.715.566 224.715.796 5.784.991.510 29.578 6.249 392.850 10.594.969.524 11.934.566 224.975.202.906 5.121.048.472 967.451 327.500.324 2.482.300.934.134 4.218.575.984.(Rupees in ’000) -----------------29.401.964.121.290 455.2.566 224.300.2 Capital Structure Reconciliation Balance sheet as in published financial statements 2015 39.906 5.249 398.510 38.963.2.636 26.901 5.327 g f .952 5.963.632.134 4.808.002 26.(Rupees in ’000) --------29.300.796 5.575. T2) of which: others Advances shortfall in provisions/ excess of total EL amount over eligible provisions under IRB general provisions reflected in Tier 2 capital Fixed Assets Deferred Tax Assets 168 Under regulatory scope of consolidation 2015 Standard Chartered Annual Report 2015 Under regulatory scope of consolidation 2015 2013 Reference -------.566 224.594.975.324 2.901 - 106.823 455.132 - 29.2 Assets Cash and balances with treasury banks Balanced with other banks Lending to financial institutions Investments of which: Non-significant investments in the capital instruments of banking.000 3.963.048.132 106.594.964.000 9.969.500.901 5. financial and insurance entities exceeding 10% threshold of which: significant investments in the capital instruments issued by banking.817.952 - 555.632.132 - a - - b - - c d 106.833.784.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 39.482.482.134 4.969.1 Assets Cash and balances with treasury banks Balanced with other banks Lending to financial institutions Investments Advances Operating fixed assets Deferred tax assets Other assets Total assets -------------------.002 26.837 Liabilities & Equity Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Liabilities against assets subject to finance lease Deferred tax liabilities Other liabilities Total liabilities 11.002 26.578 6.991.984.309 26.482.451 327.132 106.

708 3.225.000 3.964.784.000 1.750.472 967.290 3.964.808.036.249 398.851 Share capital of which: amount eligible for CET1 of which: amount eligible for AT1 Reserves of which: portion eligible for inclusion in CET1 of which: portion eligible for inclusion in Tier 2 Unappropriated profit Minority Interest of which: portion eligible for inclusion in CET1 of which: portion eligible for inclusion in AT1 of which: portion eligible for inclusion in Tier 2 Surplus on revaluation of assets of which: Revaluation reserves on Property of which: Unrealized Gains/Losses on AFS In case of Deficit on revaluation (deduction from CET1) Total liabilities & Equity 38.324 2.808.262.575.095.833.582 461.750.000 9.472 967.715.636 7.837 j k l m n o p q r s t u v w aa ab 169 Financial statements and notes x y z .784.837 i Liabilities & Equity Bills payable Borrowings Deposits and other accounts Sub-ordinated loans of which: eligible for inclusion in AT1 of which: eligible for inclusion in Tier 2 Liabilities against assets subject to finance lease Deferred tax liabilities of which: DTLs related to goodwill of which: DTLs related to intangible assets of which: DTLs related to defined pension fund net assets of which: other deferred tax liabilities Other liabilities Total liabilities 11.991.671.309 26.048.850 38.991.310 42.796 5.058 58.262.578 6.000 1.524 11.850 10.708 3.796 10.310 42.823 26.121.401.934.451 327.510 38.048.715.067.451 327.934.249 392.823 26.401.(Rupees in ’000) --------of which: DTAs that rely on future profitability excluding those arising from temporary differences of which: DTAs arising from temporary differences exceeding regulatory threshold Other assets of which: Goodwill of which: Intangibles of which: Defined-benefit pension fund net assets Total assets - - h 927.582 455.477 2.671.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Balance sheet as in published financial statements 2015 Under regulatory scope of consolidation 2015 2013 Reference -------.578 6.500.975.159 26.715.964.290 3.166.058 58.249 461.964.796 5.324 2.575.191 21.249 455.095.796 10.191 21.715.500.850 10.510 927.202.850 38.121.218.

950 26.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 39.575.950 - (t) (m) (y) (ac) .850 1.139 36.472 Source based on reference number from step 2 (s) (u) (w) 752. financial and insurance entities that are outside the scope of regulatory consolidation.(r} * x % {(l) .058 {(h) .(ae) (b) .(o) (k) .928.706 5. financial and insurance entities that are outside the scope of regulatory consolidation (amount above 10% threshold) Deferred Tax Assets arising from temporary differences (amount above 10% threshold.898.997 26.(ac) . where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the capital instruments issued by banking.(q)} * x % (d) (ab) (a) .(ad) . net of related tax liability) Amount exceeding 15% threshold of which: significant investments in the common stocks of financial entities of which: deferred tax assets arising from temporary differences National specific regulatory adjustments applied to CET1 capital of which: Investment in TFCs of other banks exceeding the prescribed limit of which: Any other deduction specified by SBP Regulatory adjustment applied to CET1 due to insufficient AT1 and Tier 2 to cover deductions Total regulatory adjustments applied to CET1 Common Equity Tier 1 Additional Tier 1 (AT 1) Capital Qualifying Additional Tier-1 instruments plus any related share premium of which: Classified as equity of which: Classified as liabilities Additional Tier-1 capital instruments issued by consolidated subsidiaries and held by third parties (amount allowed in group AT 1) of which: instrument issued by subsidiaries subject to phase out AT1 before regulatory adjustments Additional Tier 1 Capital: regulatory adjustments Investment in mutual funds exceeding the prescribed limit (SBP specific adjustment) Investment in own AT1 capital instruments Reciprocal cross holdings in Additional Tier 1 capital instruments Investments in the capital instruments of banking. financial and insurance entities that are outside the scope of regulatory consolidation.(p) (f) - 927.090 9.(af) (i) 19.715.3 Basel III Disclosure Template 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 170 Common Equity Tier 1 capital (CET1): Instruments and reserves Fully Paid-up Capital/ Capital deposited with SBP Balance in Share Premium Account Reserve for issue of Bonus Shares General/ Statutory Reserves Gain/(Losses) on derivatives held as Cash Flow Hedge Unappropriated profits Minority Interests arising from CET1 capital instruments issued to third party by consolidated bank subsidiaries (amount allowed in CET1 capital of the consolidation group) CET 1 before Regulatory Adjustments Common Equity Tier 1 capital: Regulatory adjustments Goodwill (net of related deferred tax liability) All other intangibles (net of any associated deferred tax liability) Shortfall of provisions against classified assets Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) Defined-benefit pension fund net assets Reciprocal cross holdings in CET1 capital instruments Cash flow hedge reserve Investment in own shares/ CET1 instruments Securitization gain on sale Capital shortfall of regulated subsidiaries Deficit on account of revaluation from bank's holdings of fixed assets/ AFS Investments in the capital instruments of banking.249 - (j) .2.018 56.136 (x) 18.036.832 42.008.928. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Standard Chartered Annual Report 2015 Component of regulatory capital reported by bank (Rupees in '000) 38.109.

during transitional period.136. financial and insurance entities that are outside the scope of regulatory consolidation. where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) Significant investments in the capital instruments issued by banking.950 36.797 (g) portion of (aa) (v) - - (ae) 6.460.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Component of regulatory capital reported by bank (Rupees in '000) 41 42 43 44 45 46 Significant investments in the capital instruments issued by banking.916 (z) 555.797 6.947 1.996.25% of Credit Risk Weighted Assets Revaluation Reserves of which: Revaluation reserves on fixed assets of which: Unrealized Gains/Losses on AFS Foreign Exchange Translation Reserves Undisclosed/Other Reserves (if any) T2 before regulatory adjustments Tier 2 Capital: regulatory adjustments Portion of deduction applied 50:50 to core capital and supplementary capital based on pre-Basel III treatment which.645.185.996.974 2.044 2. remain subject to deduction from tier-1 capital Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover deductions Total of Regulatory Adjustment applied to AT1 capital Additional Tier 1 capital Additional Tier 1 capital recognized for capital adequacy Tier 1 Capital (CET1 + admissible AT1) 47 48 49 50 51 52 53 54 55 56 57 58 62 63 64 65 66 67 (ad) 26.750.797 43.000 (n) 44.744 (af) Financial statements and notes 59 60 61 Tier 2 Capital Qualifying Tier 2 capital instruments under Basel III plus any related share premium Capital instruments subject to phase out arrangement from tier 2 (Pre-Basel III instruments) Tier 2 capital instruments issued to third party by consolidated subsidiaries (amount allowed in group tier 2) of which: instruments issued by subsidiaries subject to phase out General Provisions or general reserves for loan losses-up to maximum of 1.906 4.930 6. during transitional period.133.996. financial and insurance entities that are outside the scope of regulatory consolidation Portion of deduction applied 50:50 to core capital and supplementary capital based on pre-Basel III treatment which.797 6. financial and insurance entities that are outside the scope of regulatory consolidation Amount of Regulatory Adjustment applied to T2 capital Tier 2 capital (T2) Tier 2 capital recognized for capital adequacy Excess Additional Tier 1 capital recognized in Tier 2 capital Total Tier 2 capital admissible for capital adequacy TOTAL CAPITAL (T1 + admissible T2) - Source based on reference number from step 2 171 .996. remain subject to deduction from tier-2 capital Reciprocal cross holdings in Tier 2 instruments Investment in own Tier 2 capital instrument Investments in the capital instruments of banking.

partially discretionary or mandatory Existence of step up or other incentive to redeem Noncumulative or cumulative Convertible or non-convertible If convertible. fully or partially If convertible.750. description of write-up mechanism Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Non-compliant transitioned features If yes. 2022 Yes May be called. subject to regulatory approval. contingent call dates and redemption amount 16 Subsequent call dates. write-down trigger(s) If write-down.000 per Certificate Sub-ordinated debt/ liability June 2012 Dated December 31. specify issuer of instrument it converts into Write-down feature If write-down. specify non-compliant features 39. specify instrument type convertible into If convertible.000 PKR 10 per share Shareholders' equity Dec 2006 Perpetual Not applicable No Not applicable Not applicable PKR 5.850 Tier 2 Ineligible Solo and Group Other Tier 2 (Subordinated Debt) 1. mandatory or optional conversion If convertible. 172 Standard Chartered Annual Report 2015 .4.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 39. if applicable 4 5 6 7 8 Common Shares TFCs Standard Chartered Bank (Pakistan) Limited SCBPL Relevant regulations/ laws Standard Chartered Bank (Pakistan) Limited SCBPL Relevant regulations/ laws Common Equity Tier 1 Common Equity Tier 1 Solo and Group Ordinary shares 38. at any time after 60th month from the issuance date Not applicable Not applicable Not applicable Not applicable Fully Discretionary No Noncumulative Nonconvertible Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Subordinated debt/TFCs Floating 6 M KIBOR + 0. full or partial If write-down.1 Scope Of Applications The Basel 3 framework is applicable to the Bank both at the consolidated level and also on standalone basis. conversion rate If convertible. permanent or temporary If temporary write-down. Market and Operational Risk. as of reporting date) Par value of instrument Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date.75% pa No Mandatory No Cumulative Nonconvertible Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Creditors including Depositors No No Yes Absence of point of non-viability clause 36 37 Coupons / dividends Fixed or floating dividend/ coupon Coupon rate and any related index/ benchmark Existence of a dividend stopper Fully discretionary. Subsidiaries are included while calculating Consolidated Capital Adequacy ratio of the Bank using full consolidation method. The Standardized Approach is used by the Bank for calculating the Capital Adequacy ratio for Credit.715.4 CAPITAL-ASSESSMENT AND ADEQUACY BASEL III SPECIFIC 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 39.3 Disclosure template for main features of regulatory capital instruments Main Features 1 2 3 Issuer Unique identifier (PSX Symbol) Governing law(s) of the instrument 9 10 11 12 13 14 15 Regulatory treatment Transitional Basel III rules Post-transitional Basel III rules Eligible at solo/ group/ group & solo Instrument type Amount recognized in regulatory capital (Currency in PKR thousands. conversion trigger (s) If convertible.

75% above KIBOR to support the capital base of the Bank and is for a tenor of 10 years. 2. For calculation of operational risk capital charge.2 Capital Structure During 2012. the Bank uses the 'Standardized Approach'. gross income is the broad indicator that serves as a proxy for the scale of business operations and thus the likely scale of operational risk exposure within each of these business lines. Inter-group guarantees. For further details of the capital instrument currently part of Tier 2 capital. . 173 Financial statements and notes For the purposes of Credit Risk Mitigation under the 'Standardised Approach'. based on the methodology provided by SBP which takes account of specific and general market risk capital charge for interest rate risk using the duration method. The ECAIs used for rating various types of exposures are tabled in note 39. on any profit payment date after the 60th month from the issuance date. The instrument is structured to redeem in two equal semi-annual instalments of 50% of the issue amount in 2022. the Bank issued unsecured. forecasted demand for capital to support credit ratings and as a signalling tool to the market. The instrument is also subject to a lock-in clause meaning neither principal nor profit may be paid (even at maturity) if such payment means that the Bank falls below or remains below its minimum capital requirements. asset management and retail brokerage. demand for capital due to business growth forecasts. The capital position is reviewed and monitored by the Asset and Liability Committee (ALCO) of the Bank. payments and settlement. the business activities of the Bank are divided into eight business lines: corporate finance. Beta serves as a proxy for the industry-wide relationship between the operational risk loss experience for a given business line and the aggregate level of gross income for that business line.6 to these financial statements. Regular reviews help to ensure that adequate levels of capital and an optimum mix of the different components of capital are maintained by the Bank to support the strategy. trading and sales. market and operational risk as per the guidelines of SBP. available supply of capital and capital-raising options For calculation of Capital Adequacy Ratio. maximising shareholder value and at the same time maintaining investor. margins / liens and saving certificates. creditor and market confidence. 08 dated 27 June 2006 with regard to eligibility of collaterals.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 39. Within each business line. The following matters are taken into account while reviewing the Bank's capital position: a) b) c) d) current regulatory capital requirements and our assessment of future standards. agency services. please refer Note 16. For credit risk. The instrument is classified as a liability and is subordinated to payment of principal and profit to all other indebtedness of the Bank. The Bank may however call the TFC subject to prior approval of the State Bank. These are consistently applied across the Bank's credit portfolio for both on and off balance sheet exposures. The Bank calculates its capital requirement for market risk in its portfolio. the Bank follows the instructions laid down by SBP vide their Circular No. commercial banking. the Bank reduces its exposure under that particular transaction by taking into account the risk mitigating effect of the collateral for the calculation of capital requirement. The instrument is currently rated at AAA. The Bank uses reputable and SBP approved rating agencies (ECAIs) for deriving risk weights for specific credit exposures. subordinated TFCs of Rs. The instrument was issued at 0. The 'Standardised Approach' is preferred over the 'Basic Indicator Approach' so as to arrive at a capital charge that is reflective of the risks associated with each of the Bank's business lines. to meet regulatory capital requirements at all times and to maintain good credit ratings. including deposits.4. Where a transaction is secured by an eligible collateral and meets the eligibility criteria and minimum requirements as laid down by SBP.5 Capital Adequacy The Bank’s capital management approach is driven by its desire to maintain a strong capital base to support the development of its business. 39.500 million by way of private placement. The capital charge for each business line is calculated by multiplying gross income by beta factors assigned by SBP to that business line. The total capital charge is calculated as the three-year average of the simple summation of the regulatory capital charges across each of the business lines in each year. The Bank's operations are mapped into these eight business lines as per the criteria laid down by SBP vide Circular No 08 dated 27 June 2006. This is integrated with the Bank’s annual planning process that takes into consideration business growth assumptions across products and business segments and the related impact on capital resources. the Bank adheres to the calculation of capital requirements for credit. retail banking. Collaterals used include: Government of Pakistan guarantees. valuation and management.

864 176.004.005 5.013.598 189.426 4.483 334.661 1.149 2.845 29. BSD/BAI-2/201/1141/2009 dated 2 December 2009 and vide BSD Circular No.35% 17.071 327.25%) 39.815.923 148.711 902.708 5.13% 16.250 156.770 16.686 14.280 882.567 1.686 17.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 The capital requirements for the major risk categories are indicated below:- Capital Requirements 2015 2014 2015 2014 -----------------------.892 217.939 2.368 20.358 5.807 1.031.436 21.918 3.919 2.127 15.950 8.(Rupees in ’000) ------------------------- Credit Risk Portfolios subject to standardized approach (Simple) Cash & cash equivalents Sovereign Public Sector entities Banks Corporate Retail Residential Mortgages Past Due loans Operating Fixed Assets Other assets Off-Balance sheet Non-market related Loan Repayment Guarantees Performance Bonds etc.115 3.440 145.077 1.409.492 21.267 7.25% 17.91% Corporate Banks Sovereigns JCR .725 208.135 400.637 50.986 75.661.026.395 87.567 278.481.660 14. Stand By Letters of Credit Market related Equity Exposure Risk in the Banking Book Listed Unlisted Market Risk Capital Requirement for portfolios subject to Standardized Approach Interest rate risk Equity position risk Foreign Exchange risk Operational Risk Capital Requirement for operational risks TOTAL 6.669 13.642 27.6 Types of exposures and ECAI's used Risk Weighted Assets 2015 2014 Required Actual Required Actual 6.457 856.487.193.192.36% 20.815.047.838 3.920 88.154.699 9.398 1.006.777 597.685 1.957.454.277.804 17.262.322.270.771 628.716 4.036 10.921 64.600 548.204 2.564.113 118.217.50% 7.160 48.394 35.574.211 13.573 9.VIS PACRA STANDARD AND POORS MOODY'S FITCH The Bank adheres to the mapping instructions issued by SBP on the Revised Regulatory Capital Framework under Basel II. 8 of 2006 dated 27 June 2006.920.804 575. 5 of 2010 dated 5 October 2010 with regard to credit ratings to be used.00% 7.00% 10.607 11.179.353 4.803.478 90.978.299 78.278.660 176.544.566.776 870.557.735 1.894.347 218.301.425 48. vide BSD Circular Letter No.864 146.285.304 11.038 12.598 146.772 2.229 97.666.292 221.256 134.702.127.067 6. issued vide BSD Circular No.440.156.116.72% 5. 09 of 2007 dated 24 August 2007.611.532.13% 18.493 266.857 1.855.754.926 11.236 1.672 5.084.349.108.986 782. These are as follows: 174 Standard Chartered Annual Report 2015 .00% 16. vide BSD Letter No.50% 10.223 919.252 Capital Adequacy Ratio CET1 to total RWA Tier-1 capital to total RWA Total capital to total RWA (including buffer requirement of 0.756.

Notes to the Consolidated Financial Statements For the year ended 31 December 2015 LONG-TERM RATING GRADES MAPPING Risk Weightage 20% 50% 100% 100% 150% 150% Standard & Poors Ratings Services Moody’s Investors Service Fitch Ratings PACRA JCR VIS AAA Aaa AAA AAA AAA AA+ Aa1 AA+ AA+ AA+ AA Aa2 AA AA AA AA- Aa3 AA- AA- AA- A+ A1 A+ A+ A+ A A2 A A A A- A3 A- A- A- BBB+ Baa1 BBB+ BBB+ BBB+ BBB Baa2 BBB BBB BBB BBB- Baa3 BBB- BBB- BBB- BB+ Ba1 BB+ BB+ BB+ BB Ba2 BB BB BB BB- Ba3 BB- BB- BB- B+ B1 B+ B+ B+ B B2 B B B B- B3 B- B- B- CCC+ Caa1 CCC+ CCC+ CCC+ CCC Caa2 CCC CCC CCC CCC- Caa3 CCC- CCC- CCC- CC Ca CC CC CC C C C C C D D D D SHORT-TERM RATING GRADES MAPPING Risk Weightage 20% Standard & Poors Ratings Services Moody’s Investors Service Fitch Ratings PACRA JCR VIS A-1+ P-1 F1+ A-1 A-1 A-2 P-2 F2 A-2 A-2 100% A-3 P-3 F3 A-3 A-3 B NP B Others Others 150% Financial statements and notes F1 A-1 50% B-1 C B-2 D B-3 C 175 .

country. capital adequacy and structural foreign exchange risk. Responsibility Given the Bank is in the business of taking risk. Head of Special Assets Management responsible for remedial risk management. controlling. Credit exposures include both individual borrowers and groups of connected counterparties and portfolios in the banking and trading books. arising from interest and exchange rate movements and Head of Operational Risk responsible for enterprise wide operations. is responsible for credit risk. market risk. RISK MANAGEMENT Through its risk management structure. ERC headed by Country Chief Risk Officer (CCRO). Ultimate responsibility for the effective management of risk rests with the Company’s Board of Directors. Senior Credit Officer responsible for credit risk in Corporate & Institutional Clients and Commercial Clients. These arise directly through the Bank’s commercial activities whilst compliance and regulatory risk. Acting within an authority delegated by the Board. through authority delegated by the Board through the Bank’s Executive Committee. the Bank seeks to manage efficiently the core risks: credit. securities and derivative exposures. Country Credit Head responsible for credit risk in Retail Clients. Any such risks are avoided which have a material probability of causing financial distress to the Bank or its clients or customers. ALCO. and liquidity risks. through authority delegated by the Board through the Bank's Executive Committee is responsible for management of pension risk. All risk taking must be transparent. The basic principles of risk management followed by the Bank include: Balancing risk and return Risk is taken in line with the requirements of the Bank’s stakeholders.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 40. The Bank has established policies. Accountability Risk is taken only within agreed authorities and where there is appropriate infrastructure and resource. 40. reviewing and managing risk. Head of Market Risk responsible for liquidity risk and risks associated with price movements. experience across risk types and economic scenarios. compliance risk and regulatory risk. Anticipation The Bank looks to anticipate future risks and to ensure awareness of all risk. operational risk and reputational risks are normal consequences of any business undertaking. the Executive Committee reviews specific risk areas and monitors the activities of the Executive Risk Committee (“ERC”) and the Asset and Liability Committee (“ALCO”). The Pension Executive Committee. The day to day responsibility for managing risk rests with CCRO who oversees and manages the risk through a team of managers. Competitive Advantage The Bank seeks to achieve competitive advantage through efficient and effective risk management and control. 176 Standard Chartered Annual Report 2015 .1 Credit risk Credit risk is the risk that a counter party will not settle its obligations in accordance with agreed terms. with strength in depth. credit MIS and controls. Credit exposures may arise from lending. security documentation. is responsible for management of the Bank's liquidity. and controls and have provided the Risk team adequate support by way of risk systems and tools for measuring and reporting risk for monitoring. legal risk and reputational risk. procedures. controlled and reported. trade finance. Risk should be taken within the Bank's risk appetite. operational. consistent with the approved strategy. The Bank takes account of its social responsibilities and its commitment to customers in taking risk to produce a return. operational risk. Head of Credit Risk Controls responsible for collateral management. Risk management The Bank aims to implement best practices and have a specialist risk function of international standards. market. through authority delegated by the Board through the Bank’s Executive Committee. processes. it is everyone’s responsibility to ensure that risk taking is both disciplined and focused.

Commercial Clients and Retail Clients are determined at the Senior Credit Officer and Country Credit Head levels for their respective jurisdictions with specific policies and procedures being adapted to different risk environments and business goals. program based standard credit application forms are generally used. The CEO and the Executive Committee in turn rely on CCRO and the Risk Committee to determine these and recommend for their support and Board's approval. There is a clear segregation of duties with loan applications being prepared separately from the approval chain. which are processed in central units for different products and market segments. industry concentrations and product concentration. limits are also established by the CCRO and approved by CRC in line with the Credit Reference Level framework (“CRL”). 40. Credit risk appetite is established through business strategy papers and underwriting standards by the business managers.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 The Board of Directors has delegated down the authority to ERC through the Bank’s Executive Committee to establish risk appetite and make recommendations to the Board for approval of risk appetite and policies for managing credit risk. Credit concentration risk is principally managed based on three components: single name borrower exposure. Portfolio review. Specific procedures for managing credit risk within Corporate & Institutional Clients. with customers analysed against a range of quantitative and qualitative measures. Financial statements and notes 177 . Retail Banking Analytics team has developed Bureau scores and uses Bureau data for portfolio monitoring and for underwriting new business. and supported by the Executive Committee. The ERC is also delegated down by the BOD responsibility to delegate credit authorities to independent Risk Officers. Commercial Clients and Retail Clients segments. 40. Client relationship origination and credit approval roles are clearly segregated throughout Corporate & Institutional Clients. credit grade determination and financial spreading / ratio analysis. Credit concentration risk is governed by specific policy.1.2 Retail Banking Clients For Retail Banking. The grading is based on a an probability of default measure.1 Corporate and Institutional and Commercial Banking Clients Within the two business segments. the adherence to which is managed by the Executive Risk Committee (ERC). Credit analysis includes review of facility details. an alpha numerical risk grading system is used for quantifying the risk associated with a counter-party. Expected Loss is used for further assessment of individual exposures and portfolio analysis.1. which are approved by the Board once recommended. Early Alerts and Stress Testing based on scenario analysis is a combined responsibility of Client Relationship and Risk and Finance function. In addition to the SBP specified prudential limits on single or group exposures.

204.204 1.906.735 3.388 2.76 1.62 0.619 100.843.20 0.3 Segment by Class of Business 2015 Advances .70 20.851 0.506.192 645 20.209.366 212.393 1.972.11 100.91 4.070.44 0.03 66.57 128.02 42.63 0.868 1.74 - 639.555.658 26.87 13.46 1.012 25.118.043.932.120 0.81 0.301.05 0.500 149.892 0.440 1.43 8.35 13.780 22.272 1.224.278 10.879.178.153 2.02 64.343 57.830 4.326 1.58 3.218.283 68.171 12.893.607 7.94 0.00 175.302 3.04 - 6.39 0.02 0.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 40.497 1.301 - 13.73 0.033.63 0.1.360.00 14.316 4.185 4.443.439 10.139.05 0.21 2.348 101.691 304.76 18.97 7.70 3.78 100.773.733.407.990.25 3.777 0.26 0.568.103.21 - 8.558 1.273.757.391 4.062 327.789.94 1.46 3.173.74 5.294 38.918.149.988 5.00 3.572 273.66 18.400 0.00 23.07 0.443 29.993.158 207.38 2.927 12.755.83 0.00 2014 Advances .91 20.26 - 1.03 3.174 0.114 688.842 12.730.030 0.59 1.256.99 0.652 - 11.090.72 5.95 43.72 6.53 929.899.828 447.415 93.305.755.00 0.111.819 - 9.153 94.41 1.597.822 - 9.525 20.702 12.025.968.181 203.Gross (Rupees in '000) Chemical and pharmaceuticals Agri business Textile Communication Insurance Telecommunications and information technology Cement Sugar Automobile and transportation equipment Transportation Financial Electronics and electrical appliances Production and transmission of energy Shoes and leather garments Individuals Others 178 Standard Chartered Annual Report 2015 Percent Contingencies and Commitments Deposits (Rupees in '000) Percent (Rupees in '000) Percent 13.556.73 2.95 100.432.337.36 0.094.763.937 625.266 32.72 16.51 100.809 0.193 88.805 1.909 11.38 0.359.00 9.67 0.55 44.00 4.988 2.302 225.324 3.06 0.243 266.460.941 16.424.197 3.338 66.587.546.987 1.14 1.15 0.184.831.48 0.86 922.063.095.074 3.46 1.753.400 0.44 150.00 .06 - 4.914.926 2.85 15.229 4.19 1.582 1.500 43.348.616 29.279.71 2.641 4.82 - 4.675 3.076 1.47 4.41 21.353 100.41 0.814 2.31 1.14 0.121.446.301.Gross (Rupees in '000) Chemical and pharmaceuticals Agri business Textile Communication Insurance Telecommunications and information technology Cement Sugar Automobile and transportation equipment Transportation Financial Electronics and electrical appliances Production and transmission of energy Shoes and leather garments Individuals Others Percent Contingencies and Commitments Deposits (Rupees in '000) Percent (Rupees in '000) Percent 14.67 37.048 62.161 1.803.670.788 2.917 3.541 4.27 3.670 1.38 1.43 3.496 0.02 16.400.725 7.394 4.517.619 914.07 2.458 2.140 5.89 0.

799.910.845.11% 95.541 1.83% 100% % 0.535 2015 Advances (Rupees in '000) Public / Government Private 2014 Classified Advances 5.549 291.23% 83.510 63.772 20.695 455.119.845.253.416 40.568 7.(Rupees in ’000) ---------------------- Chemical and pharmaceuticals Agri business Textile Footwear and leather garments Automobile and transportation equipment Financial Production and transmission of energy Individuals Telecommunications and information technology Others 239.553 150.379 14.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 40.804 14.298.332 15.400 49.733 306.991.510 63.095.416 24.884 122.804 14.157.379 14.997 302.320 24.902 14.105 11.000 5.772 304.563 49.535 20.564.095.792.114.107 94.500 2.733 23.254.025.6 Details of Non-performing Advances and Specific Provisions by Sector (Rupees in '000) % 4.617 16.7 Geographical Segment Analysis Pakistan 20.910.197.733 20.332 100% 2014 Advances (Rupees in '000) Public / Government Private % (Rupees in '000) % 4.00% 94.960.65% 100% (Rupees in '000) % (Rupees in '000) 3.986 94.617 16.326 202.416 40.305.1.812 306.673 23.999 6.1.945.121.812 20.89% 100% 4.107 100% 2015 2014 Classified Advances Specific Classified Specific Provision Advances Provision held held ---------------.1.1.812 23.800 143.344 20.(Rupees in ’000) ----------------- Public / Government Private 24.769 299.830 161.049.238 327.757.795.210 13.983 5.018.332 100.535 2015 Profit Total Net assets Contingencies before assets employed and taxation employed commitments -------------------------.332 179 Financial statements and notes 6.564.609 402.352.086 323.018.566.544.695 455.015 5.845.986 94.00% 94.111.960.167.(Rupees in ’000) ----------------------------15.857.353 Contingencies and Commitments Deposits .902 13.77% 78.018.500 1.359.619 Contingencies and Commitments Deposits % 4.37% 100% 40.5 Segment by Sector 239.326 202.845.997 502.568 7.939 155.17% 98.991.823.4 Details of Non-performing Advances and Specific Provisions by Class of Business Segmentt 2015 Specific Classified Specific Provision Advances Provision held held ---------------------.960.704.376.35% 95.910.735 128.157.999 7.095.63% 98.324 1.

081) 25.007 419.927.218 19. factor sensitivity measures and derivatives are also employed as additional risk management tools to manage and hedge market risk exposures.3.229 388.3.(Rupees in ’000) ---------------------------335.194) 34.368.708 2014 Assets Pakistan rupee United States dollar Great Britain pound Euro Swiss Franc Japanese yen Others Liabilities Off-balance sheet items Net foreign currency exposure ---------------------------.049.007 40.088 369.117.531.521 23.049.678 412.598.167 96.758.477) (229.502) (49.907) 5.601 (722.191.497.396 (3.498.(Rupees in ’000) ----------------------------15.758.786.079 5.107 Market Risk The Bank recognises market risk as the exposures created by potential changes in market prices and rates.1 Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates.844 19.668. Limits are then proposed by the business within the terms of agreed policy.472 (603.453) (595. In addition to market risk policies.856 292.625 40.459 52.359 51.2 The management sets limits on the level of exposure by currency in total which are monitored daily.900.723.226.047 4.900.558 377. These are agreed and delegated down by Executive Risk Committee (ERC) under delegated authority from the BOD.116 (48.107 85.677 (739.676) 27.350 (54.459. Policies cover both trading and non-trading books. Market Traded Credit Risk approves the limits within delegated authorities and monitors exposures against these limits.767) 33.057.189) 3.431.553.657. Risk models are periodically back tested against actual results to ensure that pre-determined levels of accuracy are maintained.676) (54.288 83.350 21.986) (707.142 (49.089.608.983 (67.603 42.041 (700.393.288 83.367. as well as VaR and other market risk limits.331 61. 40.165) (716.444.534.723.380.668.184 354. independent stress testing of portfolios.837.107 15.(Rupees in ’000) ---------------------------53.727) (1.601 (56.804 1.142.445) 35.621.2 419.477) 22.502.669 3. 180 Standard Chartered Annual Report 2015 . Market risk exposures arise primarily from interest rate and foreign exchange related contracts.618 (1.070.606 (229.462 (39.425) (3.191.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 2014 Pakistan Profit Total Net assets Contingencies before assets employed and taxation employed commitments -------------------------.632) (190.368.809.808.701.3 Foreign Exchange Risk 2015 Assets Pakistan rupee United States dollar Great Britain pound Euro Swiss Franc Japanese yen Others Liabilities Off-balance sheet items Net foreign currency exposure ---------------------------. The Bank has no significant exposure to equity and commodity price risk.088) 25.341.927) (3.331 61. who agrees policies and procedures and levels of risk appetite in terms of Value at Risk ("VaR").167 2.055) (192.904 326. and is locally under governance of Country Chief Risk Officer.663) 23.414) 5.134 22.682 25.110) 5. 40.419) 21.

362 50.TFCs Other liabilities On-balance sheet gap 17.872 23.451 327.603.763 (17.861.824.305.246.091.606 5.274.598 3.616 57.500.992.598.593.952.393) Forward Borrowing Interest Rate Swap Foreign Currency option Forward Foreign Exchange Contracts Cumulative yield / interest risk sensitivity gap (13.721 35.274.564 37.843.808 .402.(126.231.866 413.129 172.180 21.230.507 1.698 20.587 892.367 158.090 16.095.339.357 29.980 51.506) 33.504 49.381 2.096 3.421.263.418.625 74.682 188.478 6.531 5.735.000 .000 25.261 1.312.282 735.525 46.605 7.205.572 83.48% 10.555 388.769.508 0.960.008 15.849 125.373 909.640 36.084 ) 29.567 959.023.335.964 (591.739 757.367 18.897 31.865.763) (3.025.500.606 16.50% 304.441 11.964 .(139.659 1.713 809.784.187.557 163.655 364.631 29.357.895.494 412.831.416.652 166.363 22.484.245) 69.765.372 38.000 7.855.097 3.943 29.623.725.130.281.00% 21.726 167.246.377 2.191 21.674.32% 128.012.754.401.806 516.775 1.912.487 (58.99% 10.509 441.647.481 .674.789 27.849 649.858 2.880 16.582 3.64% 188.975 3.514 34.968.889.661 (27.136.555 .875 44.507 313.121.642 4.410 35.295 - - Off-balance sheet gap 15.963.044.575.566 224.307 954.600.300.149.006 2.381 2.891 42.300 164.181.450.367.132 106.996 4.215 9.514 4.855 (73.681 242.567 2.594) 13.767 7.142.901.708 38.092 35.115 2.952.585.427 ) 1.231 .724.251.513.180 3.769.216 Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loan .09% 9.990 4.078.939) .104.529 377.282 1.02% 7.708 5.382.606 (1.252 127.601.004.931.644 23.675.671 325.728 810.830 2.4.559 23.341.893 2.500.865 1.442.267 955.644 27.420.811.843.605 1.748 4.097 10.541 10.020 4.089.976 724.21% 17.325 336.709 56.990 16.928 1.174 (17.739 757.975 111.048 36.470 7.377.091.482.475.320.080 387.4 Mismatch of Interest Rate Sensitive Assets and Liabilities On-balance sheet financial instruments Effective yield / interest rate Total Upto one month Over one month to three months 2015 Exposed to yield / interest rate risk Over three months to six months Over six months to one year Over one year to two years Over two years to three years Over three years to five years Over five years to ten years Non interest bearing financial instruments Over ten years ------------------------------------------------------------------------------------------------------.054.625 23.00% 5.301 8.637.639 959.594.813.806 7.295 477.767 1.763 ) 11.865 735.666.334.091 1.79% - 26.066 23.959.813 809.685 160.895.436.520.904.586) 2.401.623.559 10.268) Off-balance sheet financial instruments Forward Lending Interest Rate Swap Foreign Currency option Forward Foreign Exchange Contracts Forward Borrowing Interest Rate Swap Foreign Currency option Forward Foreign Exchange Contracts Cumulative yield / interest risk sensitivity gap On-balance sheet financial instruments Effective yield / interest rate .089.362 50.143.113 8.475.581.020 1.915 439.339.533.144.363 986.699.002 (108.826) 6.850 1.678.381.193 31.640.363 52.265 - 4.475.184 10.291.63% 5.588.513.326.992 313.295 477.608 .282 - - - Off-balance sheet gap 2.357 1.914 36.642 7.295.959 14.324 2.986.735.975) 36.747.016.881 7.771.696.061.963 74.645.377 83.345 387.201 187.03% - - - 20.(Rupees in ’000) ----------------------------------------------------------------------------------------------------------------------- Assets Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets 20.675 37.780.335.187.919 2014 Exposed to yield / interest rate risk Total Upto one month Over one month to three months Over three months to six months Over six months to one year Over one year to two years Over two years to three years Over three years to five years Over five years to ten years Non interest bearing financial instruments Over ten years ------------------------------------------------------------------------------------------------------.158.329.134 4.431.120 156.002 8.934.741.200 348.345.454.582 800.374 166.662.197.295 - - - Total yield / interest risk sensitivity gap 39.964.980 22.835 .558 2.24.775 6.570 81.245.648 441.068 685.890.883.150 115.784.529 41.313 166.901 20.625 53.885 4.807.161) 2.391.004 112.882.811.248 2.000 216.691 98.058.100.647.520.990 5.782 13.773.946 106.893 15.224 837.651 (72.907 83.626.317 81.813.505.963.563.151.648 (27.408) (3.440.068.136.223 37.484 36.671 6.589.684.784.000 - - - Total yield / interest risk sensitivity gap 48.808 354.312 12.244.632.919 188.070.325 29.155) 13.393) 12.670.353 .255.969.927.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 40.745.821.268) 188.(139.954 51.659 477.426 68.312.249 - 1.918 Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loan .415.152 477.640 36.282 1.101.500.000.352 1.865.521 23.459.360 704.492.624.371.357 652.341) 12.927.787 336.605 25.563.771.000 12.775 1.620 18.688 65.603.366 16.763 17.118.658.075.802 52.000 705.215 2.981 (49.016.770 81.666.113 18.586.709 - 5.186 .946 3.128.987.909.644 21.191 1.665 1.501.265.285 80.032.595.794 224.267 (45.464 2.782 502.352 22.709 413.137.136.518.24.370 167.005 82.305 20.301 (138.287.906 24.709 3.499.210 36.023.521.712.928 837.(126.699 3.329.709 30.100 20.366 100.494 47.699 18.374 181 Financial statements and notes Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets .834.730.396.423 18.000 6.00% 29.300.893 1.557.168.092 15.551.TFCs Other liabilities On-balance sheet gap Off-balance sheet financial instruments Forward Lending Interest Rate Swap Foreign Currency option Forward Foreign Exchange Contracts 15.322 44.733 27.(Rupees in ’000) ----------------------------------------------------------------------------------------------------------------------- Assets 0.865 959.811.142.229 0.939) 5.696.224.442 955.636.27.90% 2.187.

liquidity contingency funding plans are reviewed periodically to ensure that alternative funding strategies are in place and can be implemented on a timely basis to minimize the liquidity risk that may arise due to unforeseen adverse changes in the market place.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 40. These customer deposits. key balance sheet ratios. 40.7 MATURITIES OF ASSETS AND LIABILITIES . The Bank manages this risk by matching the re-pricing of assets and liabilities and off-balance sheet instruments. chaired by the CEO. A substantial portion of the Bank’s assets are funded by customer deposits made up of current and savings accounts and other deposits. represent a stable source of funds. both short term and structural is monitored through the internal liquidity risk management framework and is managed through the Asset and Liability Committee ("ALCO"). 3 of 2011 and BSD Circular Letter No. 40. The expected maturities are calculated using three (3) years historical balances and identifying "Core" and "NonCore" balances using monthly volatility analysis.6 Liquidity Risk The Bank defines liquidity risk as the risk that the Bank either does not have sufficient financial resources available to meet all its obligations and commitments as and when they fall due. The Bank also maintains significant levels of marketable securities either for compliance with local statutory requirements or as prudential investments of surplus funds.5 Yield / Interest Rate Risk Yield risk is the risk of decline in earnings due to adverse movement of the yield curve. 182 Standard Chartered Annual Report 2015 . or can access them only at an excessive cost. which are widely diversified by type and maturity. is responsible for both statutory and prudential liquidity. These comprise commitment and wholesale borrowing guidelines. Banks are required to disclose maturities of assets and liabilities separately for 'contractual maturities' and 'expected maturities'. This committee. In addition.based on contractual maturity of assets and liabilities of the group In accordance with the guidelines issued by SBP through BSD Circular Letter No. Liquidity risk. Fixed / intangible assets are presented on the basis of their depreciation / amortisation schedule. Interest rate risk is the risk that the value of financial instruments will fluctuate due to changes in the market interest rates. The Bank is exposed to various risks associated with the effects of fluctuations in the prevailing levels of market interest rates on its financial position and cash flows. 2 of 2013. medium term funding requirements and day to day monitoring of future cash flows. A range of tools are used for the management of liquidity.

097 128.002 26.986 2014 Total Assets Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Deferred tax liabilities Other liabilities Net assets Share capital Reserves Unappropriated profit Surplus/(deficit) on revaluation of assets Minority interest Over one month to three months Over three months to six months Over six months to one year Over one year to two years Over two years to three years Over three years to five years Over five years to ten years Over ten years ------------------------------------------------------------------------------------------------------.763 5.963.482.871 40.306 15.929 (197.922.576.206 6.520.763 .634 118.813.417 26.976 6.952 26.808.482.566 1.173 37.128 23.377 140.934.401.378 846.301 - 10.043 61.747.757 1.540.914 36.000 2.345 387.526 69.717 47.305 15.858 5.814.472 6.108.345 387.398.400.593 27.368 1.222.647 32.620 3.210 8.176 314.748 4.075.224.087.126.921.533.352.419 47.244.290 967.575.671 325.086 13.352 34.941.942.223.552.964.312.068 176.605 4.047.898 5.741.597.838 12.503 141.757 2.982 3.813.357 2.608 1.823.669 1.517.743) 32.309 26.248 35.646 Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loan Deferred tax liabilities Other liabilities Net assets Share capital Reserves Unappropriated profit Surplus/(deficit) on revaluation of assets Minority interest - - - 1.520.331 107.636 74.325 91.193.490.953.147 441.919.575.594.946 106.111 12.906 2.023.795.132 18.681 242.632.677 8.258.294.188 22.181.234.145.497 4.915 121.120 293.517 1.931.575.969.689 39.344 11.537 5.888) 49.598.559 22.631 4.541 26.599 1.500.949 561.178.578 63.040.570.800.830 3.837 2.518.251.179 9.775 9.111.100.238.818.639 - 29.209.042.381 9.113 38.317 2.608.325 463.559 88.340 102.435.123 - 5.025.630 309.000 871 2.126 439 455.211 11.357 1.123 2.510 119.282.267 17.159.600 423.114 - 10.759 871 765.476.575.169 26.153 70.660 3.514 4.655 364.590.201 1.339.893 15.900 - 1.595.218.389 41.206 6.633.941 887.393 357.983.759 211.538.466 25.549.698 4.551 79.796 5.600.072.587 6.178 16.288 - - - - - - 8.405 2.367 1.428 45.772.659 5.353 37.451 327.519 90.790.968.288 183 Financial statements and notes Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Operating fixed assets Intangible assets Deferred tax assets Upto one month .278 - 146.869.913.530 12.428.326.424.589.288 13.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 2015 Total Assets Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Operating fixed assets Intangible assets Deferred tax assets Upto one month Over one month to three months Over three months to six months Over six months to one year Over one year to two years Over two years to three years Over three years to five years Over five years to ten years Over ten years ------------------------------------------------------------------------------------------------------.824 3.024.845.975 8.500.044.019 - 49.401.833 25.191 21.776.134 4.833.000 3.009 6.357.841 553 - 419.850 10.098 (216.165.975 158.962 5.055 39.715.020 3.840 94.559 188.266.784.720 29.(Rupees in ’000) ----------------------------------------------------------------------------------------------------------------------- 21.727.111 3.109.900.516.541 2.107.645 28.417 13.238 61.300.482.850 9.901 31.581.132 106.239.450.191 6.835 45.728 5.625 158.979 925.002 20.103 5.991.386.524 63.283.992.799.665 1.519 (425.595.639 - 1.157.714.464 6.502.267 13.865 6.904) 33.768.332.000 3.715.594 336.485.151.475.597 1.(Rupees in ’000) ----------------------------------------------------------------------------------------------------------------------- 29.416.207 2.475.000 2.500.317 955.739 757.249 392.500.362.823.542 299.596 8.986 11.705 9.709.301 21.134 4.598.367 3.107 - 30.319 - 80.909.900.317 50.563.102 82.173.605 17.546 799.314.827.274 5.660.979.473 13.723.309 4.671 304.414 19.564 220 34.858 - 38.298 12.066.157.658.776 32.774 304.044 6.218.283.648 2.830 27.566 224.561 316.473 704.424.621.298 846.283.690 659 26.736.442 1.013 846.464 2.739.104 1.910.342 26.305.905.833 11.620 17.634 34.324 2.990 - - - - 6.563.693.300.871.177 6.121.553 26.833 2.771.2.870 336.889.045 14.

157.690 659 31.356 299.198 (2.482.975 158.000 871 2.356.800.986 11.315 3.301 21.420.811) 1.605 17.357 1.097 128.176 314.201 26.516.479 34.103 5.491.495.563.068 6.622 1.595.466 29.715.190.based on expected maturity of assets and liabilities of the bank 2015 Total Assets Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Operating fixed assets Intangible assets Deferred tax assets Upto one month Over one month to three months Over three months to six months Over one year to two years Over six months to one year Over two years to three years Over three years to five years Over ten years Over five years to ten years -----------------------------------------------------------------------------------------------.763 2.134 4.053.633.020 3.645 30.693.976 6.634 34.104 3.086 12.538.968.283.519 (425.424.517.901 31.513.723.863.841 553 68.net Minority interest 38.570 3.112 22.502.326.042.824 60.600.288 Standard Chartered Annual Report 2015 .986 2014 Total Assets Cash and balances with treasury banks Balances with other banks Lendings to financial institutions Investments Advances Other assets Operating fixed assets Intangible assets Deferred tax assets Upto one month Over one month to three months Over three months to six months Over six months to one year Over one year to two years -----------------------------------------------------------------------------------------------.120 12.877 26.179 32.450.923.500.590.648 2.979 61.378 1.381 27.358 2.047.451 327.595.655 213.132 18.428 10.658.991.317 11.191 21.019 32.121.757 2.589.416.776.094.977 29.517 5.261.524 63.595.319 42.018 5.692.000 2.353 37.540.900.044 6.559 45.669 1.472 967.782.317 955.384 2.063 8.377.541 140.500.575.623.300.520.743) 32.575.830 27.050 29.898 5.551 1.706.563.810.357 146.475.114 419.830 21.833 16.949 213.715.840 94.600 846.645 84.537 5.475.561 41.518.665 16.575.559 188.625 158.300.055 79.671 325.132 106.134 4.(Rupees in ’000) ------------------------------------------------------------------------------------------------29.000 2.992.942.670 1.593 1.266.000 3.230 222.080.605 4.301 - - - - - - - - 10.000 2.631 4.123 Over two years to three years Over three years to five years Over five years to ten years Over ten years Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Deferred tax liabilities Other liabilities Net assets Share capital Reserves Unappropriated profit Surplus on revaluation of assets .193.428.922.659 49.661.846 80.024.827.775 9.763 309.919.218.497 4.207 ) 336.244.850 9.419.608 26.520.598.267 9.590 (160.213 43.534 (6.013 846.727.087.411 18.594.575.283.382.002 20.245 32.795.749.632.345 387.660 48.009 6.889.473 39.536.225 6.251.283.043 61.100.833.482.400.808.494.823.075.224.818.875 36.191 6.801.776 1.620 17.177 925.747.248 15.759 211.181.992.206 6.681 242.063 13.278 11.184 (92.608.688) 74.671 304.616.324 2.066.209.946 106.288 13.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 40.813.338.398.727.145.833 2.566 224.581.138 12.647 32.721.331 10.210 8.473 704.424.(Rupees in ’000) ------------------------------------------------------------------------------------------------21.858 5.963.325 463.728 5.153 70.530 27.345 387.813.757 2.500.111 222.107 51.476.288 5.503 141.570.819 17.580 121.964.900 2.500.865 1.263.587 36.401.393 357.546 799.305 13.090.126 439 72.126.353.249 392.238 6.850 10.559 22.963 24.775.941.871 40.833 25.914 14.837 176.109.933 15.893 17.599 1.105 3.772.785 8.159.120 4.720 455.8 MATURITIES OF ASSETS AND LIABILITIES .510 29.516 12.485.478 ) 82.796 5.309 26.565 8.639 41.798 24.639 120.553 26.240 1.552.794.980 4.471.305.107.157.221.315.913.959.549.300.767 9.578 6.206 6.111.244.002 26.417 26.541 2.610.181.962 13.537.368 1.223.232 887.576.479 88.594 29.934.597 1.714.883 35.858 Liabilities Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Deferred tax liabilities Other liabilities Net assets Share capital Reserves Unappropriated profit Deficit on revaluation of assets .675 30.401.900.482.464 30.784.267 3.344 1.169 2.442 25.147 441.123 11.282.377 1.352 34.574.759 871 765.931.952 26.173.net Minority interest 184 38.151.634 62.291 4.317 129.799.544.774 43.564 220 84.183.417 13.969.597 5.284 9.698 423.402.290 63.342 26.798 2.390.298.786.514 13.258.

(Rupees in ’000) ------------ Liabilities Bills payable Due to Financial Institutions CONTINGENCIES AND COMMITMENTS 2015 .007 4.736.186 1.362 221.154 8.820 37.322. ethical and environmental risk. personnel and impact of external events.958.349.816.516 5.459.net Charity fund Opening balance Additions during the year Payments / utilization during the year Closing balance 2.681.462.792. 41 ISLAMIC BANKING BUSINESS The Bank is operating with 10 Islamic Banking branches at the end of current period (December 2014: 10 branches).1.527 11.516 147.899) 2.567 10.385. The CORC is chaired by the CEO.1 Deposits and other accounts Current Accounts Saving Accounts Term Deposits Others Deposit from Financial Institutions -Remunerative Deposits from Financial Institutions-Non-Remunerative Net Assets Represented by: Islamic Banking Fund Unappropriated/ Unremitted profit Surplus / (deficit) on revaluation of assets .842 3.318 265.208 10.284.038 12.877 (10. and CCRO is an active member of this forum.567 22.461 13.161 2.644 537.856 51. and to report.776.059 200.592.028.768 268 36.457 4.233 39. infrastructure.736.023 24.005 43.134 4.895.000 4. self-compliance assurance and internal audits also form an integral part of the operational risk management process.136 46.320. processes. Significant issues and exceptions are reported to CORC and are also picked up by the independent Risk function for discussion at the Country Risk Committee chaired by the CCRO. social.092 4.709.523.000 4. All business units within the Bank monitor their operational risks using set standards and indicators.605.723.020 13.1 Balance Sheet Assets Cash and balances with treasury banks Due from Financial Institutions Investments Islamic Financing and Related Assets Operating fixed assets Other assets Note 41.517 8.117 1.000 22.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 40.086 11.440.413.095) 2.445.522.585 1.232 (3.682 1.000 117 1. Disaster recovery procedures.417 2.570 33. monitor and manage operational. business contingency planning.582 47.036 4.066 2.071 4.272.208 21 185 Financial statements and notes Due to Head Office Other liabilities Remuneration to Shariah Advisor/Board 2014 -------------.154 200.023 4.816.627.437.813.915 865.069 48.059 9.132 29.229.9 Operational Risk Operational risk is the risk of a direct or indirect loss being incurred due to an event or action arising from the failure of technology.184 612.020 4.879. 41. The Country Operational Risk Committee ("CORC") has been established to ensure that an appropriate risk management framework is in place at a grass root level.

1.852 12.1b 41.264.1.000 1.1f 41.490.914 122.1.369 ) Profit before taxation 1.078 33.1d 7.424 4.000.240 674.000.496.175.025.1.742.161.362 476.895 1.(Rupees in ’000) -----------Murabaha Musharaka Diminishing Musharaka Ijarah Istisna Musawammah Others 41.855 689.470 ) 3.101.474.492 276.895 856.1.330.479 1.179 276.378.550.172 123 939.1g 12.742.295 12.1 Islamic Mode of Financing Note 2015 2014 -------------.997 2.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 41.1.430.195 (1.053 141.914 216.078 Profit and Loss Profit / return earned on financings.472.000 122.1g Standard Chartered Annual Report 2015 .649 14.261 4.362 13.179 216.048 856.1.998 9.492.437 ) 2.083.852 Istisna Financings/Investments/Receivables 41. commission and brokerage income Other income 2013 4.914 276.1e 41.656.1a 41.1d 41.472.1.196.895 - 1.550.295 Diminishing Musharaka Financings/Investments/Receivables 41.466 5.501 (1.1f 1.496.492 141.837.000 141.1a 14.1e 673.127 (1.1.179 29.417 ) 3.1.1.1c 2.492.649 Musawammah Financings/Investments/Receivables 41.998 Ijarah Financings/Investments/Receivables 41.719 940.852 13.582 679 Other expenses Administrative expenses 674.961 2.496.362 Others Financings/Investments/Receivables 41.1.593.295 3.1c 41.492 122.2 9.1b 41.532 7.492.758 (193. investments and placements Return on deposits and others dues expensed Net spread earned Provision against non performing financing Net spread after provisions Other income Fees.1.000.582 Musharaka Financings/Investments/Receivables 41.1.083.649 9.899.472.048 476.053 856.550.849.671.233 Murabaha Financings/Investments/Receivables Advances Assets/Inventories 41.322.657 (35.1.605.053 476.078 216.334 ) 2.722 ) (1.132 Total other income 186 13.048 14.

152.066 2.net of recoveries (Increase) / decrease in operating assets Due from financial institutions Net investments in 'held for trading' securities Advances Other assets (Decrease) / increase in operating liabilities Bills payable Borrowings from financial institutions Deposits and other accounts Other liabilities Cash inflow before taxation Income tax paid Net cash generated from operating activities Net investments in 'available for sale' securities Net investment in fixed assets Net cash used in / (generated from) investing activities Cash and balances with treasury banks Balances with other banks 187 Financial statements and notes 1.501 2.567 2.623.343) Appropriation/ payments made to Head office (1.284.(Rupees in ’000) -----------2.060.837.417 46.785 ) (4.640 (123 ) 193.284.462.038 million).811) (1.2014: Rs. 41.536.385.524.772.284.848 11.385.997 1.804 million) and deposits on Qard basis of Rs.532 (4.183 ) 2.627.334 205. Remunerative deposits which are on Modaraba basis are considered as Redeemable Capital and non-remunerative deposits are classified as being on Qard basis.567 (3.500.787 (3.899. 15.422.000 110.175 ) (2. 14.691 6.846.066 2.015 328.000) 384.132 12.883.000 1.238 5.851 (7.003 (258.066 Adjustments for: Depreciation Gain on disposal of fixed assets .441.175 4.719 2.net Provision against loans and advances .839.000) Net cash used in financing activities Increase in cash and cash equivalents for the year Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year (1.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 Deposit and other accounts include redeemable capital of Rs.054) 30.348 1.725 (4.145.435.000 ) 101.246 ) 6.598) (5.643) 289.242.430.997 Profit before tax for the year Less: Dividend income .075.461 million (December 31.430.450 ) (4.536.981 (679) 35.000.984 (3.385.3 CASH FLOW FROM OPERATING ACTIVITIES 2015 2014 -------------.436. 22.989 ) (996 ) 3.335) 147.851 1.500.691 4.718 2.106 million (December 31.567 2.839.331.000 1.704.397.000 ) (3.532) (6.785 ) (2. 2014: Rs.445.837.286 (1. 22.132 2.942.284.066 2.636.000.580 2.

406 110. based on the Islamic banking principle of “Qard”. The partner who is providing the money is “Rab-ul-Mal (Investor) and the partner who manages the investment is “Mudarib” (working partner).558 Profit & Loss distribution and Pool Management The Bank manages following assets pools for profit and loss distribution: a) Islamic Export Refinance Scheme (IERS) Musharakah Pool.206. Type of Pool Profit rate and weightage announcement period Average return on Pool Assets Bank Profit SBP Profit Bank Profit % SBP Profit % IERF Pool Monthly 7.053 856.007 458. The Bank (Mudarib) invests the funds given by the account holder “Rab-ul-Mal” in shariah compliant businesses to earn profits.01% 23. and the Bank (Mudarib) bears the loss of its efforts/services in managing Mudarabah. 2.206.470 573.601 553.(Rupees in ’000) ----------- 41. General Depositors Pool Special Depositors Pool i) Key features and risk & reward characteristics Saadiq Current account is a shariah compliant non-profit bearing transactional account.17% 183.895 Future Ijarah payments Not later than one year Later than one and less than five years Total Future Ijarah payments 442.888 76. risks. This profit is shared on the basis of profit &loss sharing as per the pre-agreed ratio between the Bank and the customer.99% b) Mudarabah Depositors Pool 1. While Saadiq Savings & Term accounts are Shariah compliant account based on the Islamic principle of “Mudarabah”.000 1.206.5 Cost As at 1 January 1.088 1. and b) Mudarabah Depositors Pool a) IERS Musharakah Pool Key features. 188 Standard Chartered Annual Report 2015 . the same is borne by the depositors in proportion to their investments. rewards and calculation of profit/loss of this pool are in compliance with the SBP IER Scheme and the relevant circulars issued by SBP from time to time.105 349.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 41.842 729.000 - Additions during the year Transfer/ Write offs Deletions As at 31 December 1.947 349.000 Accumulated Depreciation As at 1 January Charge for the year Transfer/ Write offs Deletions As at 31 December 349.105 380. Mudarabah is a partnership where one party gives money to other for investing in a business.105 Net Book value 476.000 1.389 57.031. In case of loss.206.4 Ijarah Financing Note 2015 2014 -------------.

18% 6.278 Mudarib Share transferred through Hiba (%) 6. No provision against any non-performing asset of the pool is passed on to the pool except for the actual loss / write-off of such non-performing asset. iii) Deployment of Mudaraba based deposits The deposits and funds accepted under the above mentioned pools are provided to diverse sectors including Cement.2 These consolidated financial statements were authorized for issue in the Board of Directors meeting held on 03 March 2016.569 "Mudarib share (%)" 46. Chaudhri Director Parvez Ghias Director Spenta Kandawalla Director 189 Financial statements and notes 42 . where as for Special pool it is 40:60. Chemical. Transport etc.75% Average return on pool assets 7. Sugar. Pharmaceuticals.1 Certain corresponding figures have been re-arranged / reclassified to reflect more appropriate presentation that are not material in nature. Shazad Dada Chief Executive Officer Najam I.73% 29. Communication.24% GENERAL 42. charging expenses and provisions The profit for the deposit pool is calculated from income earned on all the remunerative assets booked by utilising the funds from the deposit pool and is distributed between Mudarib and Rab-ul-Mal based on declared sharing ratios (before start of every given month).12% Average return on deposits 4. iV) Other Information Type of Pool General Special Profit rate / weightage announcement frequency Monthly Monthly "Mudarib share(amount in 000)" 407. No general or administrative expenses are charged to pools. as well as in Government of Pakistan backed Ijarah Sukuks. Agribusiness. 42.54% 26.524 39.Notes to the Consolidated Financial Statements For the year ended 31 December 2015 ii) Parameters used for allocation of profit.30% Mudarib Share transferred through Hiba (Amount in 000) 28. The ratio for Mudarib and Rab-ul-maal is 50:50 for general pool.841 107. Textile.90% 9.

256 20 Nara Textile Plot # 270.870 13.441 4.500 37.761. 65 Shadman Market. Malik Jamshed Javed 42301-0484290-3. Usman Block.974.770 63.030.553. Center Point.471.982 167. Lahore Cantt.574. 8. Islamabad.768. Islamabad Nadeem Hameed Sh.216.838 8 Trust Investment Bank Limited 23-D/1-A. First Floor.113 67.549.408. First Floor.999. Link Road.471 110. Pakistan.977.789.564 23.929. Branderth Road.606 41. Muhammad Asghar 14.257.936. Blue Area.326.577 33.908 219.438 18 Pearl Steel Traders Al Rehman Chamber.842. Asif Kamal 35202-2550469-9 Muhammad Humayun Nabi Jan 35201-7740360-1 Javaid Bashir Sheikh 35202-2596771-3 Syed Mohsin Raza Naqvi 35202-5155530-7 Shahid Iqbal 35201-6230652-9 Munawar Ali 35202-6754642-5 Mir Javed Hashmat 17301-7748360-1 Muhammad Azam Muhammad Nabi Jan Sheikh Muhammad Bashir Syed Munawar Hussain Naqvi Muhammad Iqbal Ghulam Muhammad Mir Hashmat Ali Khan 49.500 21.264 45.671. Multan Razi Ahmad Mirza 35202-6512426-5 Razi Ahmad Mirza Muhammad Siddique Mirza 22. Multan Road Lahore. Abdul Hameed Sh.770 63.248 40.873.873 29.999. Farhan Malik Malik Tariq 29. Multan Road.284.243 17.870 13.710.065 19.804 15. 35201-5221735-7 Muhammad Bashir 19.240 37.736.003.103 22.256 15. Lahore. Sh.065 7 R.319.052 39.774.356.703 38.043.011.842. Badami Bagh Lahore Muhammad Kashif Ali 35202-3923499-3 Mariam Samreen 35201-2134623-4 Manzoor Ali.532 42. Lahore Sh. F-6. First Floor.000 30.299 54.472 38.104.278.Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.424. Near Ghani Ghowrangi.841. 3rd Floor. Lahore Rehan Malik 35202-2969462-1.321 164.537 50.238 42.700 6 Healthco Surgical Supplies 35 Km Wazirabad Road.046.736.998 2.117. Industiral Area.998 50.957 47. Phase III. Khalid Hussain Bhatti 35202-7485341-5 Fateh Muhammad Bhatti 35.742.115 29. DHA.935.962 48.968 19 Khalid Eng.321 164.771 5 H J Communication 10 G. Amanullah 39. Naqi Arcade.130 56.336 24.163.742. Gulberg III. Karachi Qamar Ul Islam 61101-3132757-9 Sheikh Muhammad Salahin 5.Band Road. Miran Hussain Centre. Lahore. Khawaja Shakeel 35200-1454285-5 Khawaja Abdul Rasheed 29.982.606 38.121.997.505 59.302 19. Lahore Asif Saigol 35202-6075434-7 Arif Saigol 35202-9563094-9 Abid Saigol No Longer Citizen Of Pakistan Rafique Saigol Rafique Saigol Rafique Saigol 15. Super Market.168.703 6.861 22 Pharma Containers 18 Km. Farhan Malik 42101-7525523-7 Rehan Malik Malik Parvaiz.537.982 167.315 23.870 16.184. Trading 59-Circullar Road.961 68.240 23.537.572 19.774 4.995.243 27. . 719.867 29.497.543.698.195 11 Fabplass Industries (SMC Pvt) Ltd A-1 Al -Minar Market. Lahore Zeeshan Naseer 35202-4167189-7 Khalid Bashir Awan 3.890 2 Arif Moaaz Shah House No.284.959 24 Ken Electric Co.834.872 29.708 14 Food Kraft Plot No.858.752. Nasir Ud Din Mian Muhammad Ibraheem. Gulberg II. Lahore Shaheena Asghar 35202-3626329-6 W/O.104 6. Link Mcleord Road.147 5.324 26. 3rd Floor.087 12.F. Lahore Mian Naeem Ahmed.J.671.161. Khawaja Nadeem Taj 35202-2970084-5 Zahida Bibi 35202-4918367-0 Khawaja Taj Ud Din.982. 1St Floor.768.234. Room # 1.507.190 19.272.305 39. NO. 35202-4693946-9 Hafiz Muhammad Yameen 30.996.999. Arif Moaaz Shah 270-86-422772 Syed Kabir Ali Shah 53.115 27. Awami Complex.996.672.104 49. Fareed Plaza.882 21 Asadullah Steel Al Rehman Chamber.812 25 Aruj Traders Room # 19.746 1. Main Boulevard Sabzazar Scheme.698. Lahore Muhammad Ahmad Sh.825. W/O Muhammad Sultan 12.417 190 Standard Chartered Annual Report 2015 .778.513. Branderth Road. Nigar Center.005. Jail Road.194 12.190 20.528.408 13.110. School Road. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Principal Interest/ Mark up Total Balance 1 Heimtex Decor Office No. Zeeshan Murtaza 274-78-438575 Muhammad Saleem Khan 270-90-454752 Ghulam Murtaza Samiullah Khan 52.396.155 24.051. New Garden Town.942 28.112. Sheikhupura District Omer Nawaz: 35401-4445113-3 Hashim Khan 14. Muhammad Arcade.244. Lahore.890 52.752 57.950.003.251 24.749.251.256.282 68.350.284 19. Sialkot Mian Amir Saleem 34603-2219428-7 Khuda Bukash Saleem 19. Room No.015.284 8.564 7. Room # 3.471 110. Lahore Khalid Bashir Awan 35201-6054105-1 M.238 42.507.195 15.239.515.244.186. Lahore.792 3 Tech Pacific Suit # 3.301 25. Site.352. D-165 A.613 29.Deen Road.104 49.962 22.500 22.072 41.848.925.000 70. Gulberg III.926.550 29. Bashir Akhtar 15.926. Gulberg III.777.957 58. 42000-0516664-9 Nadeem Jam 42201-5421035-5 Nasir Ud Din 37405-0296970-7 Khalil Ur Rehman 42301-3676374-1 Taimoor Shah 14301-2079181-3 Nadeem Hameed Sh.752.352. Imran Amanullah 17301-0982958-9 Irfan Aman 61108-211387-3 Amanullah.995.336 24. Landmark Plaza.867 29.770 30.640 9 Khalil Ullah International 1-2.999.957 58.941 39. Sector W.082. Fazal-e-Haq Road. Lahore Muhammad Rizwan 35202-9468307-3 Sh.985.160. Tehsil Ferozwal.633 65.806.405 39.672.057. Basement. Al-Hafeez Center.000 30.054.533 28.057.500 39.930. Eagle Plaza.882 33.315 23.226.017.001 15 Data Ali Traders Room # 7.213. First Floor. 101-E. Main Bulevard.257. Lahore Nasir Iqbal 35201-6395246-7 Haji Muhammad Ali 19.976. Abdul Qayyum 29. Corporation 17 .094.490.081 28. Muhammad Afzal 15.941 39.780 13 HMK (Pvt) Ltd 9 .086.106.908 219.860 40.992 14. Lahore Moeed Waheed Malik 35202-6288599-5 Malik Abdul Waheed 29.598 67.011.495 19.310 4 Kashan Carpets Block # 8. Khalil Ur Rehman Habib Ur Rehman Khan. Taimoor Shah Pir Abdullah Shah 19.251 26.032 17 Natover International 2nd Floor.086. Manzoor Ali 22.189.869 3.929.870 16 MA Traders 313-B.841.513.044 1.F.698.179 49.246 14.197.982.901 22.925.240 35. 7Th Floor.251.608 74. Lahore.513.770 28.830.746 25.014.834.056.620 10 Mohib Export Limited 6 F/B.997. 51-Branderth Road..792 53.961 68. Lohari Gate.517 35. Lahore.200 69.864.553.094.381 12 Vital Chemical 3-A.169 23 Hashim Khan Rice Mills Narang Mor.256. Malik Jamshed Javed Javed Malik. M Asghar 35202-5484941-9 Sh.764. Nadeem Jam Muhammad Naseem Jam .385. The Mall.423.236.087 14.044 42.857.757.357.236.905 27.115.814 42.835 68.197. Naeem Aslam Malik 35202-0813196-1 Muhammad Aslam Malik 19.

Consolidated Financial Statements
Annexure-1

Amount in PKR Rupees
Outstanding Libilities at Beginning of Year
Sr.
NO.

Name

Address

Name of Partners/
Directors NIC / CNIC

Father / Husband Name

Principal

Interest/
Mark up

Total

Amount Written off / Concession
Interest/
Mark up

Principal

Total
Balance

Rahim Sardar

131-A, PCSIR Phase 1, Lahore.

Fareeha Saher
35202-5414785-0
Farhad Hussain
35200-1432965-9

Abdul Waheed, Mian
Nizam Ud Din

22,998,572

3,648,188

26,646,760

22,998,572

3,648,188

26,646,760

27

Globe Petroleum Service

Sd Block-A North Nazimabad,
Karachi

Mr Rehmatullah
Muhammad
42301-8937971-3
Mr. Farhan
42308-205549-7
Ms Khadijah Bibi
42301-0783426-6

Rehmatullah Muhammad,
Farhan rehmatullah
Muhammad,
Khadija W/O Muhammad
Hussain

14,990,994

10,053,728

25,044,722

14,990,994

10,683,448

25,674,442

28

Globe Petroleum Service II

Sd Block-A North Nazimabad,
Karachi

Mr Rehmatullah
Muhammad 423018937971-3,
Mr. Farhan 42308205549-7,
Ms Khadijah Bibi
42301-0783426-6

Rehmatullah Muhammad,
Farhan rehmatullah
Muhammad,
Khadija W/O Muhammad
Hussain

14,992,326

10,018,746

25,011,072

14,992,326

10,648,523

25,640,848

29

Asif International

Asif Chambers, 14-A, Davis Road,
Lahore

Sh. Asif Ameen
35202-2659677-5
Fawad Asif
35202-5780598-9

Sh. Muhammad Ameen,
Sh. Asif Ameen

39,378,964

15,237,461

54,616,425

6,378,964

19,050,313

25,429,277

30

Hamad Trucking Centre

43-44, Km, Multan Road, Lahore.

Mian Asim Waheed
Maroof
35202-8345272-3
Muhammad Yousaf
35201-6325514-3

Abdul Waheed,
Muhammad Asghar

11,101,721

12,727,686

23,829,407

11,101,721

13,653,248

24,754,968

31

Fayyaz Engineer

40 Fayyaz Road, Old Pougiwal, Near
Aastana Yaqoob Ali Shah,
Bagbanpura Lahore.

Fayyaz Ahmad
35202-5946672-5

Deen Muhammad

12,002,384

11,359,785

23,362,169

12,002,383

12,176,493

24,178,877

32

Haroon Marketing

P-32/A, St No. 1, Gulfishan Colony,
Main Jhany Road, Faisalabad.

Muhammad Saleem
33100-0406027-3

Muhammad Tufail

14,994,558

5,628,245

20,622,802

14,994,558

6,251,064

21,245,622

33

Universal Traders

Suit No.11, Aslam Plaza, Main
Boulevard Defence, Lahore.

Zahid Latif:
35201-1753443-5

. Ch. Muhammad Latif

9,999,994

10,087,261

20,087,255

9,999,994

10,792,291

20,792,285

34

Nawab Builders

Nawab Builders & Property Dealer,
Zeeshan Plaza, Rehman Shaheed
Road, Gujrat

Ch Imran Saleem
34201-3801949-3

Ch. Muhammad Tufail.

9,999,162

10,151,999

20,151,161

9,999,162

10,755,784

20,754,946

35

Asad Containers

F-606, Site, Karachi

Tahir Masood 422010357463-5,
Fozia Asad 423010823942-0,
Asad Mahmood
42301-1598088-3

Khilji Salah Ud Din, W/O
Asad Mahmood, Khilji
Salah Ud Din

15,500,000

3,572,223

19,072,223

15,500,000

3,572,223

19,072,223

36

Khurram Steel

296 Al Hadeed Bazaar, Lahore

Ghazala Farrukh
35202-0766949-4

W/O. Farrukh Ul Kitab

18,989,000

5,525,028

24,514,028

18,989,000

-

18,989,000

37

Sibtain Sons Distributors

1.A/99, Block B, Unit 02, Latifabad,
Hyderabad.
2. Flat No 6, Block C, Alpine
Aprtment, Hill Top, Hyderabad, Cantt

Nadeem Sibtain
4130423592889

Muhammad Sibtain

11,987,080

4,799,251

16,786,331

11,987,080

5,801,219

17,788,299

38

S & S Garments

Suit No. 7-8, 1St Floor, Nigar Center,
Patiala Ground, Lahore.

Sheikh Yahya: 352025996660-1

Hafiz Yameen

7,504,750

9,458,713

16,963,463

7,504,750

10,052,201

17,556,951

39

Irfan Wahid

House # 91/2 Saba Avenue, DHA
Phase V Ext, Karachi

42301-3492442-1

Abdul Wahid

11,795,527

13,101,251

24,896,778

4,045,527

13,428,044

17,473,571

40

Genertech Pakistan Limited

31/C-1, Ghalib Road, Gulberg III,
Lahore.

Jahangir Elahi 352022561094-5
Tanvir Elahi 352005522225-3

Ehsan Elahi
Ehsan Elahi

13,288,889

3,731,555

17,020,444

13,288,889

3,731,555

17,020,444

41

Younus Kamal

R-1, Row Z-2, Block# 10-A, Gulshan-E-Iqbal,
Karachi

42101-1869454-7

Muhammad Yousuf Kamal

16,666,309

17,654,088

34,320,397

-

16,729,560

16,729,560

42

Fourays Pvt Ltd

13-C, 1st Commercial Lane, Zamzama,
Karachi

Syed Ahmad Ali 51435-069571,
Raihan Merchant
Rustam Jal Boga
42301-6819749-3

Syed Mushooq Ali,
Ghulam Ali Merchant , Jal
Boga

7,086,842

9,170,312

16,257,154

7,086,842

9,619,194

16,706,036

43

IY Associates

Office No. 222, Landmark Plaza, Jail Road,
Lahore.

Sh. Imran Yaqoob
35202-6042396-9,
Muhammad Sharif
35202-2782328-9

Sh. Muhammad Yaqub,
Muhammad Hayat

7,982,166

8,019,680

16,001,846

7,982,166

8,501,671 316,483,838

44

Maqbool Steel

516-G-1, Johar Town, Lahore

Gulam Habib 112010718005-9,
Karamat Ali 352026625008-7

Muhammad Afzal Khan,
Muhammad Deen

8,045,663

7,881,800

15,927,463

8,045,663

8,367,625

16,413,289

45

Muslim Traders

Peco Road, Kot Lakhpat, Lahore

Jamil Ahmad Sheikh,
Shahida Parveen,
Hajira Begum,
Humaira Yasin,
Aqeel Ahmad,

Zikrur Rehman Sheikh,
W/O Aqeel Ahmad
N/A,
N/A,
Hajira Begum

7,250,571

8,859,838

16,110,409

7,250,571

8,859,838

16,110,409

46

New Ulfat Trading Company

Al Madina Road, Township Lahore

Khalid Masood
35202-9600718-5

Shameer Ahmad

7,504,027

7,650,559

15,154,586

7,504,027

8,176,803

15,680,830

47

Junaid Yaseen

167/12, Block 7/8, Iqbal Centre, Near Hill
Park, Karachi

42201-3165677-9

Muhammad Yaseen

18,744,680

10,426,418

29,171,098

3,244,680

11,984,312

15,228,991

48

Friends Traders

4F-3/5, Nazimabad, Karachi

Abdul Jabar
42101-1433194-3

Abdul Sattar

14,921,128

0

14,921,128

14,921,128

-

14,921,128

49

A-One Computers

Khan Plaza, 2Nd Floor Off # 8, Maher Siddiq
Market Railway Road, Faisalabad.

Muhammad Nasir
Gulzar
36302-1389806-1

Muhammad Gulzar

6,389,825

7,547,110

13,936,935

6,389,825

8,075,179

14,465,004

50

Al-Khaliq Steel

Room#19, 3Rd Floor, Bilal Center, Nicalson
Road, Lahore.

Kashif Khaliq
35202-2585252-9

Abdul Khaliq

4,601,091

1,132,627

5,733,718

4,601,091

8,278,171

12,879,262

51

Yasmo Shoes

Shop No. F-1982, Kashmir Bazar, Lahore

Muhammad Azam
35202-7725540-5

Atta Muhammad

4,996,968

6,587,667

11,584,635

4,996,968

7,014,674

12,011,642

52

Tarmac Pak Company

H # 33, Army Housing Scheme, DHA Lahore

Tahir Mahmood
Naeem
35201-7011031-5

Ghulam Hussain

9,329,262

2,505,484

11,834,746

9,329,262

2,505,484

11,834,747

53

Abdul Rasheed

House No.258 DOHS-1 Gujranwala Cantt,
Gujranwala

34101-2063696-1

Salma Begum

6,417,045

5,393,783

11,810,827

6,417,045

5,393,783

11,810,827

Financial statements and notes

26

191

Consolidated Financial Statements
Annexure-1

Amount in PKR Rupees
Outstanding Libilities at Beginning of Year
Sr.
NO.

Name

Address

Name of Partners/
Directors NIC / CNIC

Father / Husband Name

Principal

Interest/
Mark up

Total

Amount Written off / Concession
Interest/
Mark up

Principal

Total
Balance

54

Zabi Blocks

B-818, Block # 1, Metrowill Site. Karachi

Munir Ahmad Zia
42401-0189679-1

Ali Muhammad

7,998,349

9,499,014

17,497,363

1,598,349

9,925,752

11,524,101

55

Petarian Filling Station

Plot # 5, Modern Colony, Main Mangoo Peer
Road. Karachi

Muhammad Yasir
Kamal
42301-2879959-1

Muhammad Alam Khan

6,488,628

4,363,286

10,851,914

6,488,628

4,823,618

11,312,246

56

Ali Siddique

3-A, First Floor, Muhammad Arcade. Link
Road, Multan

Razi Ahmad Mirza
35202-6512426-5 ,
Naveed Ahmad Mirza
35202-5488587-3 ,
Sadia Razi 352005043347-6,
Malik Ghulam
Murtaza 352028600075-9,
Sajjad Haider 352026071509-7,
Sami Ahmad Kokab

Razi Ahmad Mirza
Muhammad Siddique
Mirza , Naveed Ahmad
Mirza Muhammad
Siddique Mirza , Sadia
Razi W/O Razi Ahmad
Mirza , Malik Ghulam
Murtaza Malik Ghulam
Haider, Sajjad Haider
Malik Ghulam Haider ,
Sami Ahmad Kokab
Muhammad Siddiqe Mirza

4,990,100

5,596,642

10,586,742

4,990,100

5,897,962

10,888,062

57

Ghousia Weaving

Chak # 367/ Jb, Sammundri Road, Tehsil
Gojra.

Muhammad Aslam.
33301-0411237-5

Muhammad Ismail

5,002,200

5,345,090

10,347,290

5,002,200

5,657,556

10,659,756

58

Ahad Nazir

A-1-209, Home Land Appt, Block-13-C,
Gulshan-E-Iqbal,Karachi

42201-4652969-7

Nazir Ghafar

11,597,728

10,374,009

21,971,737

-

10,533,844

10,533,844

59

Kaukab Malik

H#14, Block-E, PCHS, Lahore.

Kaukab Malik 352022813735-4

Kaukab Malik W/O Tanvir
Ali Malik

4,800,000

4,684,955

9,484,955

4,800,000

4,884,845

9,684,845

60

Amir Iqbal

House No 106 A, Street 17, Cavalary Ground,
Lahore Cantt, Lahore.

35202-4248357-3

Allah Bakhs

15,637,702

4,540,644

20,178,346

3,909,702

5,596,876

9,506,578

61

Saleem

H.No Na 470/471, 7th Road New Malpur
Rawalpindi.

37405-5225498-7

Qayyum Aslam

8,381,292

6,932,838

15,314,130

1,381,292

7,391,466

8,772,758

62

Zafar Masood

196-C, Shah Jamal Colony, Lahore
H.No. 3A/3, 26th Street, Phase V, Ext. D.H.A.,
Karachi

35202-3528815-7

Sher Muhammad

2,777,611

5,736,521

8,514,132

2,777,611

5,736,521

8,514,132

63

Shahzad Choudhry

H.No. 3A/3, 26th Street, Phase V, Ext. D.H.A.,
Karachi

42301-0726484-5

Haji Chanan Din

3,252,000

5,176,101

8,428,101

3,252,000

5,176,101

8,428,101

64

Natover Lease and Refinance
Limited

2nd Floor, Eagle Plaza, Fazal-E-Haq
Road, Blue Area, Islamabad

Nadeem Hameed Sh.
42000-0516664-9,
Nadeem Jam 422015421035-5,
Nasir Ud Din 374050296970-7,
Khalil Ur Rehman
42301-3676374-1

Nadeem Hameed Sh.
Abdul Hameed Sh,
Nadeem Jam Muhammad
Naseem Jam , Nasir Ud
Din Mian Muhammad
Ibraheem, Khalil Ur
Rehman Habib Ur
Rehman Khan

40,557

8,308,897

8,349,454

40,557

8,310,977

8,351,535

65

Fahad Bin Kabir

House No 430, Defence Officers
Housing Society, Phase 1, Malir
Cantt, Karachi

42201-3621712-7

Kabir Uddin Soleja

9,071,933

5,243,091

14,315,025

1,356,933

5,843,496

7,200,430

66

Naeem Arshad

House No.4/1 Gizri Lane No.8
Phase.1V, Near DHA Higher
Secondry School, Karachi

42301-0119383-7

Muhammad Ashraf

12,250,813

4,343,898

16,594,711

2,447,929

4,572,600

7,020,529

67

Aftab Ahmed

House 73-A Block Model Town
Lahore

35202-7743616-9

Nisar Ahmed

9,354,912

6,014,935

15,369,847

170,912

6,541,612

6,712,524

68

International Investment

1st Floor, Lakson Square, Building
No. 1, Sarwar Shaheed Road,
Karachi.

Nek Muhammad
Qureshi,
Nusrat Ali,
Mushtaq A.Taj,
Muhammad Nasim
Khan,
Mustafa Jalil,
Nadeem Ali
Irfan Ahmed Qureshi

Mr. Qureshi

1,571,570

4,381,879

5,953,449

1,571,570

4,519,158

6,090,728

69

Waheed Ahmad

Muslim Motors 6 Montogomery Road
Lahore

35202-3050316-7

Bashir Ahmed

2,197,345

3,673,193

5,870,538

2,197,345

3,673,193

5,870,538

70

Salman Saeed Paracha

Rehman Paracha House No 74-A
Pcsir Colony, Lahore

35202-4616962-3

Saeed Ur Rehman
Paracha

8,499,323

3,490,241

11,989,564

2,124,323

3,490,241

5,614,564

71

Imran Ali

H # B-2, 604 / N Asghar Mall,
Rawalpindi

Imran Ali 211-63211432

Farzand Ali

1,269,910

3,904,665

5,174,575

1,269,910

4,010,433

5,280,343

72

Ch. M. Iqbal & Co.

74/B Ghallah Mandi Arifwala
0457832858 Pakpattan

338-75-151274

Ch. Muhammad Iqbal

7,584,308

2,844,625

10,428,933

2,184,308

2,844,625

5,028,933

73

Rao Sami Ullah Khan

Building Noor Hall Hotel Near Kidney
Center Opp Ayub Park Jehlum Road
Rawalpindi

31101-1654838-5

Rao Muhammad Rafiq

4,804,000

3,165,836

7,969,835

1,829,000

3,165,836

4,994,835

74

Syed Hassan Ilyas

391-Y Defence Housing Authority,
Lahore Cantt, Lahore

35201-3775403-3

Syed Ilyas Ali

7,607,002

5,647,325

13,254,327

-

4,546,946

4,546,946

75

Abdul Kamran Salam

12-B Johar Town, Lahore

35202-2935868-3

Abdul Salam

14,997,433

2,111,967

17,109,400

2,247,433

2,111,967

4,359,400

76

Raja Nadir Perwaiz Khan

Shop No. 44 Nadir Plaza
Commercial Market Rawalpindi

37405-9035410-5

Raja Nadir Khan

6,687,032

3,031,991

9,719,024

1,207,032

3,027,178

4,234,210

77

Gold King Electronics

403 - Landmark Plaza, Jail Road,
Lahore

Abdul Ghafoor 352015857090-3

Ch. Nizam Ud Din

10,000,000

1,633,848

11,633,848

2,500,000

1,633,848

4,133,848

78

Afzal Weaving Factory

House No 136 Street No 5
Samanabad, Faisalabad

33100-0318671-9

Hussain Ahmed

2,412,531

2,260,918

4,673,449

1,817,531

2,260,918

4,078,449

79

Khalid Aziz

Plot No. 2 Khalid Aziz Block Canal
Bank Harbancepura Lahore

35202-9388068-9

Aziz Ur Rehman

6,976,493

2,882,624

9,859,117

1,046,473

2,882,624

3,929,097

80

Umar Sadik

Data Agro Limited 3 - A Race View
Jail Road, Lahore

35201-5685381-5

Ahmed Shadiq

6,484,818

2,696,046

9,180,864

1,000,000

2,696,046

3,696,046

81

Waseem Saadat

House# 20,Anwar Street, Chaman
Bagh Rajh Garh, Riwaz Garden,
Lahore

35202-2955881-3

Muhammad Saadat Ali

2,833,241

2,973,544

5,806,785

423,241

3,257,792

3,681,033

192

Standard Chartered Annual Report 2015

Consolidated Financial Statements
Annexure-1

Amount in PKR Rupees
Outstanding Libilities at Beginning of Year
Sr.
NO.

Name

Address

Name of Partners/
Directors NIC / CNIC

Father / Husband Name

Principal

Interest/
Mark up

Total

Amount Written off / Concession
Interest/
Mark up

Principal

Total
Balance

Syed Sabih Ahmed

14 Baghpatee Chambers, Altaf
Hussain Road, Karachi

42301-3239620-1

Syed Wasi Ahmede

1,343,869

2,324,628

3,668,497

1,343,869

1,343,869

3,668,497

83

Malik Amjad Ali

Gas Plus CNG Station Hussainabad
Colony Peshawar City, Peshawar

17301-9058848-3

Malik Ghulam Hussain

3,477,404

2,260,183

5,737,587

1,367,404

1,367,404

3,627,587

84

Iftikhar Ghori

H.No 679/B Batala Colony Satiana
Road Faisalabad

33100-4657533-3

Muhammad Yaqoob Ghori

1,986,346

1,520,191

3,506,537

808,496

808,496

3,526,603

85

Tariq Mahmood Rassti

H.No 0-1107 A, Near Madina Free
Dispencery, Kartar Pura Rawalpindi.

37405-6306154-3

Tasadduq Hussain

4,002,362

2,663,836

6,666,198

602,362

602,362

3,388,751

86

Naushad Jamil Usman

House# A-61/2, Gulistan-e-Johar
Block-14, Karachi

42201-6675532-1

Mohammad Usman

3,916,610

2,323,691

6,240,301

816,610

816,610

3,196,110

87

Cottonman

Shop # 2/10, Nasir Shaheed Park,
Phase 4, DHA, Karachi

Zsigham Ali Sartaj
Zaidi 502-60-991370

Syed Ali Jaffar Zaidi

1,080,981

2,044,141

3,125,122

1,080,981

1,080,981

3,125,122

88

Mian Muhammad Omer
Nawaz

Omer Fabrics 76-A New Anarkali,
Lahore

35202-9166702-5

Mian Muhammad Nawaz

5,399,997

2,251,678

7,651,674

799,997

799,997

3,051,674

89

Muhammad Ilyas

Madni Center, 3rd Floor, Main Awan
Town, Lahore

35202-5696019-7

Mian Muhammad Ibrahim

4,443,432

1,852,851

6,296,282

1,193,432

1,852,851

3,046,282

90

Imran Bashir

P-836 Street No.7 Al-Masoom Town
Faisalabad

33100-0656105-5

Bashir Ahmed

1,961,983

1,900,274

3,862,257

913,533

1,900,274

2,813,807

91

Imran Hanif

H 379-3-D1 Green Town Lahore

35202-6849306-9

Muhammad Hanif

2,801,893

2,661,336

5,463,229

32,878

2,764,950

2,797,828

92

Khawar Mehmood

Khawar Traders Shop # 7 Ground
Floor Ahmad Centre Market 147-A
Alamgeer Market Shah Alam, Lahore

35202-3434499-5

Ashiq Ali

4,097,127

1,697,172

5,794,299

1,024,127

1,697,172

2,721,299

93

Almawat Zari Services

Hair, Badian Road, Lahore Cantt,
Lahore

35201-5277051-1

Subhan Khan

4,277,504

1,631,432

5,908,936

777,504

1,937,443

2,714,947

94

Excel Marketing

Suit No.309, 3rd Floor, Aiwan-EAuqaf, Off The Mall Road, Lahore.

Ali Ameer Sheikh:
35201-8879857-9

Mumtaz Manzoor

1,000,000

1,506,173

2,506,173

1,000,000

1,593,625

2,593,625

95

Yasmeen Pervaiz

House# 10 Street-2 Gazaffi Colony
Badami Bagh Near Pakistan Public
School, Lahore

35202-7084762-8

Pervaiz Akhter

2,885,392

1,796,119

4,681,512

548,192

2,035,384

2,583,576

96

Muhammad Rafique

78-C 1, Gulberg III, Lahore

275-88-027311

Abdul Majeed

6,078,556

2,517,823

8,596,379

-

2,517,823

2,517,823

97

Zahid Mehmood Sethi

14-B Temple Road Lahore.

35202-9035904-3

Muhammad Latif Sethi

3,972,919

1,646,004

5,618,922

788,919

1,646,004

2,434,922

98

Tanveer Ahmed

H. No. 24, Block C, Gulshan Ravi,
Lahore.

35202-8276084-7

Bashir Ahmed

2,821,860

1,600,483

4,422,343

748,522

1,600,483

2,349,005

99

Khawaja Wasim Ahmed

House No. 4 Street No. 74 G-6/4
Islamabad.

514-77-123411

Khawaja Kabir Ahmed

6,781,510

2,794,491

9,576,002

-

2,214,380

2,214,380

100

Shahid Ali Babar

146/11,U Phase II DHA, Lahore

275-51-108900

Shaki Ali

796,277

1,376,497

2,172,774

796,277

1,376,497

2,172,774

101

Sohail Hameed Butt

XX-56, 2nd Floor Commercial Area
Khayaban-e-Iqbal DHA Lahore
Cantt. Lahore

35201-9747254-5

Abdul Hameed But

978,924

1,773,040

2,751,965

398,924

1,773,040

2,171,965

102

Nadeem Arain

House No.R-913 Sector 15-A/1 North
Karachi Buffer Zone Karachi

42101-2858025-1

Inayatullah

3,362,535

1,433,109

4,795,644

462,535

1,624,869

2,087,404

103

Khalid Manzoor

H. No. 119, Islam Block, Azam
Garden Multan Road, Lahore

35202-2806968-9

Manzoor Hussain

3,300,000

1,585,350

4,885,350

495,000

1,585,350

2,080,350

104

Mohammad Arif Hussain
Qadri

C - 17 Block-S North Nazimabad
Karachi

42101-1887790-5

Muhammad Nazir Hussain
Qadri

3,223,727

1,974,811

5,198,539

-

1,964,547

1,964,547

105

International Traders

3Rd Floor, Parker House, Aiwan E
Tijarat Road, Karachi

Muhammad Arshad
N/A

S.A. Khaliq

787,306

1,175,471

1,962,777

787,306

1,175,471

1,962,777

106

Nadeem Ahmed Mirza

A - 3, Block 8, Khayaban-E-Jami,
Kehkashan, Cliftoon, 1St Floor,
Jason Appartments, Karachi

42301-6956801-1

Muhammad Ahmed Mirza

4,492,505

1,843,362

6,335,867

-

1,835,867

1,835,867

107

Muhammad Nadeem Alam

Lg-89 Hafeez Center Gulberg-III
Lahore

35202-0687064-3

Muhammad Jahangir

2,496,147

678,072

3,174,219

499,147

1,285,553

1,784,700

108

Salamat Shah

Plot # Ah/D-16, Al Falah CoOperative Housing Society, Shah
Faisal Colony, Karachi

Salamat Shah 42201- Mr. Syed Shah
8490306-3

1,134,122

1,450,243

2,584,364

300,000

1,450,243

1,750,243

109

Muhammad Abdullah Power N/B Abu Bakkar Mosque Ahlee
Looms
Hadees Mohallah Aziz Colony Multan

36302-6557645-1

Talib Ali

1,039,106

550,974

1,590,080

379,182

1,353,347

1,732,529

110

Irfan Nabi Khan

House No.63 Edan Villas Model
Town Lahore

35202-3947271-3

Ajaz Nabi Khan

2,884,435

1,202,714

4,087,149

484,435

1,202,714

1,687,149

111

Asif Ali Khan

1-B/2 22Nd Street Kh-E-Tanzeem
Phase-V DHA Karachi

514-46-051826

Noor Muhammad

3,998,205

4,599,636

8,597,841

-

1,667,201

1,667,201

112

New Bismillah Zari Services

Near Govt Higher Secondary School
Fateh Pura Road Jallah Jeem Tehsil
Mailsi Distt Vehari

Sajjad Hussain:
36602-8225532-7

Zia Hussain

2,481,826

1,205,296

3,687,122

372,274

1,205,296

1,577,570

113

Malik Jalil Ahmed Awan

House# Sa-648 Khajoor Wali Gali
Chirah Road Service Road
Sadiqabad Rawalpindi

13101-1565924-1

Malik Abdul Ghaffar

2,393,148

956,309

3,349,456

593,148

956,309

1,549,456

114

Muhammad Kamran Malik

House No. 239 Ahsan Street Shah
Noor Park Kot Khawaja Lahore

35202-2824973-5

Malik Mehmood Alam

2,250,000

938,199

3,188,199

550,000

938,199

1,488,199

115

Kolachi Traders

Flot No C-11 Sohni Apartments Blk
4-A Abul Hasan Isphahani Road
Karachi

Mr. Syed Amir Raza M. Syed Mohd Mohsin
Zaidi 42201-76005559

2,096,944

411,073

2,508,017

896,944

579,466

1,476,410

116

Cheema Scrap

National Kaseera Market, Outside
Khiali Gate, Gujranwala

Habib Ur Rehman
34101-2566926-1

Muhammad Sharif

787,176

635,375

1,422,551

787,176

687,825

1,475,001

117

Mohammad Ali Choudhry

House # 294/M St # 1 Aziz Colony
Hafiz Jamal Road Multan.

36302-2922932-1

Lal Din

620,816

807,754

1,428,570

620,816

807,754

1,428,570

118

Jamil Mohammad

H # 3, St 3 12 Shalim Street, Sahar
Road Baghban Pura, Lahore

35201-5469801-5

M Saddique

2,294,356

956,711

3,251,067

469,356

956,711

1,426,067

Financial statements and notes

82

193

Consolidated Financial Statements
Annexure-1

Amount in PKR Rupees
Amount Written off / Concession

Outstanding Libilities at Beginning of Year
Sr.
NO.

Name

119

Ismail Khan Durrani

House No E-11 Dada Bhai Town
Shaheed-E-Milat Road Baloch
Colony Karachi

42201-8865852-9

Haji Mir Bacha Khan

1,103,054

212,523

1,315,577

1,103,054

286,982

1,390,036

120

Babar Pervez

Trg Pakistan 7Th Floor Block B FTC
Building Shahrah-e-Faisal Karachi

42301-6090734-9

Pervez Maqbool

1,254,381

28,875

1,283,257

1,225,791

159,631

1,385,422

121

Muhammad Akbar

200-A3 Johar Town Lahore.

35202-0407164-1

Mohammad Sarwar

1,199,987

101,891

1,301,878

1,161,994

218,977

1,380,970

122

Syed Ejaz Asr Rizvi

Suite # 8 Second Floor Kehkashan
Mall,Main Tariq Road, PECHS
Block - II ,Karachi

42101-7932881-9

Syed Wafadar Hussain
Rizvi

3,088,507

725,405

3,813,912

388,507

983,713

1,372,219

123

Ali Raza

Axact, Axact Street, Main Khayabane-Ittehad, Phase VII, DHA, Karachi

42201-1954334-3

Syed Aftab Ali

210,060

-

210,060

1,079,181

268,773

1,347,954

124

Idrees

Soha Mension, 3rd Floor, Gk - 2/2,
Near Bangal House, Agha Khan
Road, Kharadar.Karachi

42301-7949479-9

Mohammad

5,094,316

2,807,416

7,901,732

-

1,346,313

1,346,313

125

Sumaira Usman

18 B Kaghan Road F-8 Markaz
Lafarge Pakistan Islamabad

61101-1850248-2

Usman Ul Ahsan

1,200,000

-

1,200,000

1,200,000

139,340

1,339,340

126

Muhammad Hashim

B-93 Block -7 Gulistan-e-Jauhar
Karachi

42101-4428613-1

Muhammad Qasim

1,640,162

1,228,541

2,868,702

-

1,317,577

1,317,577

127

Malik Abdul Waheed

House No 8, Nargis Block Allama
Iqbal Town, Lahore

35202-5326550-9

Ch Hussain Bakhsh

3,547,735

760,048

4,307,783

447,735

867,442

1,315,177

128

Syed Sami Hussain

Flat # B-503 Pearl Residency Bl 14
Gulshan E Iqbal Mashriq Center
National Stadium Road, Karachi

42101-1510796-1

Syed Ale-Hussain Noori

1,330,000

-

1,330,000

1,193,687

117,994

1,311,682

129

Syed Kazim Raza Rizvi

S-25-26 Noman Centre Rashid
Minhas Road Gulshan-E-Iqbal,
Karachi

42201-5762059-1

Syed Kherat Hussain Rizvi

3,185,165

1,321,150

4,506,315

-

1,306,315

1,306,315

130

Faheem Ullah Shaikh

Habib Bank Ltd City Court Branch
Gate No 3 Karachi Court Karachi,

45203-6195476-9

Gul Hassan Shaikh

1,141,289

82,087

1,223,376

1,141,289

162,142

1,303,431

131

Muhammad Shoaib Qasmi

H. No. 491, Block A, Ghulam
Muhammad Abad, Faisalabad

33100-4684814-9

Muhammad Aslam Qasmi

1,154,820

116,740

1,271,560

257,205

1,026,021

1,283,226

132

Fahmida Iqbal

Un Women Plot-5-11, Diplomatic
Enclave, Islamabad

37405-1732350-4

Muhammad Iqbal Khan

1,103,244

49,077

1,152,321

1,103,244

139,362

1,242,606

133

Syed Khalil Ahmed

H No B-478 Block 13 Farooq E
Azam Masjid, F.B Area, Karachi

42501-1552548-1

Syed Nazir Ahmed

1,178,510

5,251

1,183,762

1,166,638

62,055

1,228,693

134

Asim Qamar

129 Sarwar Colony, Sarwar Road,
Cantt, Lahore,

35201-0949909-1

Imran Qamar

420,053

-

420,053

998,831

224,508

1,223,339

135

Muhammad Yousaf

House No 17 Street No 32 Nisbat
Road Gawalmandi Near
Muhammadi Square Lahore

35202-2516683-7

Muhammad Allaud Din

1,118,941

-

1,118,941

1,093,832

127,266

1,221,098

136

Abdul Rahman Khan
Sherwani

House # 5/16, St # 6, Zaman Colony
Cavalry Ground, Lahore

36402-2337357-1

Murtaza Khan Sherwani

970,010

66,463

1,036,473

970,010

244,325

1,214,335

137

Muzaffar Ali Bhatti

Banglow No.Ee-1,2Nd Flr Defence
View Phase-Ii Near Iqra University,
Karachi

42301-0944839-7

Mohammad Anwar Javed

1,053,496

108,936

1,162,431

1,053,496

128,222

1,181,718

138

Talal Azfar

H No 27-A Main Nazim Ud Din Road
F-10/4 Islamabad

61101-2489787-1

Majid Hassan

1,202,302

86,912

1,289,213

1,128,519

46,317

1,174,836

139

Muhammad Mansha

Street -05 Khushal Colony
Khanewal Road Multan

36302-0374615-1

Wali Muhammad

473,060

698,609

1,171,669

473,060

698,609

1,171,669

140

Premiere International

Flat No. 4, Second Floor, City
Archade, 18 Markaz, Islamabad.

Abdul Rehman Amir
61101-1893098-9 ,
Rabia Rehman
61101-1538921-6

Mumtaz Baig, W/O Abdul
Rehman Amir.

449,890

678,568

1,128,458

449,890

716,039

1,165,928

141

Basit Sardar

Shop No 1, Ground Floor, Rashid
Minhas Arcade Mission 1 Road
Printing Street Mei Ladu Masjid,
Lahore

35202-6194691-7

Sardar Khan

999,827

59,674

1,059,501

986,860

178,945

1,165,804

142

Nadeem Butt

Butt Kraahi, 18 , Macleode Road,
Geeta Bhewen Building, Lakshmi
Chowk Lahore

35202-0874555-3

Abdul Hameed Butt

3,294,368

1,380,938

4,675,306

-

1,165,306

1,165,306

143

Tabish Ismail

House D-42, Kehkashan Clifton,
Block 5, Karachi

42301-7971411-1

Abid Ismail

1,050,000

-

1,050,000

1,033,900

130,918

1,164,818

144

Mohammad Aslam Sheikh

House No F-67 Ground Floor, R-Big
Portion Block B, North Nazimabad
Karachi

42101-6794803-7

Shaikh Mohammad
Yaseen

999,983

25,465

1,025,449

999,949

163,622

1,163,571

145

Adnan Haider Zaidi

Federak Urdu Uni G-7/1 Zero Point
Fire Brigade Office Islamabad

91509-0153735-7

Riaz Hussain Zaidi

1,000,000

-

1,000,000

992,863

141,166

1,134,029

146

Rashida Saigol

91-E/1 Gulberg III, Lahore

35202-0597796-6

Gulzar Ahmed Shaikh

147

Sardar Abdul Khalid

218 Neelum Block Allama Iqbal
Town Lahore

35202-4862569-3

Abdul Hameed

148

Zakir Ali Khan

20-A 1/1 Block-6 PECHS, Karachi.

517-73-186954

Dilawar Ali Khan

149

Fawad Akhtar Ali

H No 24/Ii 23 Street Khy E Tanzeem
Idial Bakry Phase 5 DHA Karachi

42301-0881225-1

Muhammad Akhtar Ali

150

Kashif Majeed

S-2 Sea Breeze Plaza, Shahrah-eFaisal, Karachi

36302-5141631-9

151

Ali Naveed Pirzada

1 Habibullah Road (Off Davis Road)
Al-Ayesha High School Lahore

152

Khalid Mehmood

153

Imran Ahmed Khan

194

Address

Name of Partners/
Directors NIC / CNIC

Father / Husband Name

Interest/
Mark up

Principal

Total

Interest/
Mark up

Principal

Total
Balance

847,548

121,699

969,247

847,548

275,348

1,122,895

1,842,983

768,499

2,611,482

342,983

768,499

1,111,482

272,249

837,617

1,109,866

272,249

837,617

1,109,866

1,109,986

-

1,109,986

1,089,164

10,246

1,099,410

Abdul Majeed

989,018

59,196

1,048,214

903,547

164,636

1,068,184

35201-8886908-9

Naveed Aslam Pirzada

866,845

147,200

1,014,045

870,069

188,157

1,058,226

House No 389 Phase 1 Malir Cantt
Cheak Post Karachi,

61101-5034240-9

Muhammad Ashraf

973,167

-

973,167

954,371

100,405

1,054,776

Axact Pvt Ltd Axact House Axact
Street Main Khayaban-e-Ittehad
Phase VII D.H.A, Karachi

42101-5977951-3

Saeed Ahmed Khan

-

-

-

864,433

188,011

1,052,444

Standard Chartered Annual Report 2015

531 93.058 942.557 824.191 756.554 180 Mirza Ali Yar Baig Larix Colony GS-11 H No 117 Mohalla Nistar Park Karachi Phatak Mughal Pura Lahore Cantt Lahore 35201-9372806-9 Mirza Akram Baig 778.341 804.472 397.000 21.121 Arshad Masih 963. 1St Floor Ali Centre.017 31.661 2.499. 2 Mohallah Tariqabad Khokhar Kee Gujranwala.201 31.958.B Area Karachi 42101-5441072-9 Muhammad Farooq 88.935 160 Rashid Mehmood Rashid Bros Poultary Shop No 16 Paf Market Chaklala Road Rawalpindi 37405-5513108-7 Ashiq Hussain 1.060 - 88.929 185 Rafaqat Shahzad 58 C-Iii Gulberg Iii Govt College For Women Lahore 35201-9019898-7 Inayat Ali 95.327 117. Out Side Dehli Gate Arif Pura.014.330 1.339.319 170 Khalid Karandi House House 1694/105 Street 3 Out Side Dehli Gate Arif Pura Multan Multan 36302-6921644-5 Muhammad Afzal 1.876 802.460 879.684 - 867.060 678.196 552.746 447.090 771. Block-2 PECHS.090 718.529 802.871 374.185 500.816 108.192 54.929 816.260.683 564.488 504.492 175 Aloe Pak Suit # 39.598 977.706 389.000 738.267 895.188 938. Karachi 42101-8096531-3 Tanveer Khan 875.491 365.317 176 M.842 852.263 88.7446070/7520730/03004151068 35202-2889951-5 Muhammad Ibrahim 1. Second Floor Azizabad F. The Mall.337 168 Inam Hasan Muqaddam C-34 4Th Floor Wajid Square Gulshan-e-Iqbal Block No 16 Karachi University Road Near Baitul Mukarram Masjid.571 870.250 161 Mian Hamid Rafifque House No. Block 2 Main Tariq Road.147 934.520 856.063.881.543 137.872 2.650 1.488 504.816 195 . 07 Street No.316 1.296 961.981 - 782.835 42301-2284238-5 Haji Sattar 954.901 708.834 511.395 357.589 2.931 889.707.161 187 Shiekh Sajjad Hussain H No 592 Block A Wasa Training Centre Gulshan-e-Ravi Lahore 35202-2938611-9 Shiekh Muhammad Akbar 750.274 868.872 901.088.153 68.988 52.684 - 816.540 22.082 70.031.043 820.435 933.185 51.348 839.774 879.872 845.587 987.395 177 Muhammad Arshad Javed House No 41 Ali Block Itiefaq Town Lahore. 3Rd Floor.410 874.021 1.906 862. Zia Uddin Ahmed Rd.441.940 - 933.826 778.054 991.850 71.747 947.207 109. Karachi 42201-6213678-1 Syed Mukhtar Ali Shah 1.080 Dawn Group Of Newspaper Haroon House Dr.491 795.007 885.766.267 1.447 816. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name 154 Muhammad Abdulwajed Farooqi B 89 Block 7 Gulistan-e-Johar.929 812.567 57.519 198.369. Karachi 42101-5143414-3 Ismail Muqaddam 814.Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.906 862.188 2.694 817.185 500.500 79.P P-W-R Workshop Mughalpura P-W-R Workshop Lahore 35201-7662135-7 A Rauf Malik 750.761 - 1.850 13.260 801. 42101-5633438-5 Syed Shoukat Hussain 951.944. NO.S Fabrics Budhla Road.746 472.587.260 833.119 919.962 59.683 564.019.207 131.745 106.774 186 Owais Uddin Ahmed E-5-3 Country Club Street 33 Dha Phase V Ext Karachi 35201-4189230-1 Mushtaq Uddin Ahmed 720.816 1.842 - 95.195 844.781 875.981 764.545 Financial statements and notes 934.969 182 Muhammad Shoaib Khan H No 240 Block I Sector C-Ii Township Lahore Near Ghazi Chowk Lahore 35200-7563909-5 Muhammad Akram Khan 782. Lahore Adbullah Khizar Bajwa 35202-7479800-5 Khurshid Ahmad 397.371 - 954. Karachi 42000-0475366-7 M Abdul Waris 155 Shahzad Waseem Arshad Nvi-60-S-6 Al-Madad Pak Colony Timber Market Lahore 35202-9039560-3 Nawab Din 156 Mumtaz Nasreen Mental Hospital Jail Road Lahore Department Of Male Teaching One Lahore 35202-6550235-8 157 Saleem Flat No 10 3Rd Floor Bukhari Mention New Minhas Road Kharadar Police Chowki Near QaidE-Azam Birth Place Karachi 158 Syed Masood Hamid Ali 159 Principal Interest/ Mark up Total Amount Written off / Concession Interest/ Mark up Principal Total Balance 73.726 845.491 795.417 152.250 439.005.684 817.282 806.034 174 Manzar Ali Flat No 18-A Super Palace Civil Line Ziauddin Ahmed Road Karachi Club Karachi 42301-9738688-7 Sher Muhammad Bughio 829.552 830. 35202-2959453-3 Mian Muhammad Rafiq 1.146 15.770 166 Muhammad Aslam Power Loom H No 690.034 77.455 920.896 836.662 - 856.395 163 Syed Adil Hussain House# 23-K.030.647 169 Sheraz Ahmed Siddiqui Lakson Square Building No 2 4Th Floor Sarwar Shaheed Road Press Club Karachi 42201-0653465-5 Zamir Ahmed Siddiqui 820.872 1.574 312.392.970 - 1.597 165 Rana Muhammad Nabeel House No D-352 Navy Housing Scheme Block 9 Clifton 2 Talwar KehKashan.119 104.910 Muhammad Ather 15-MCB House Gulberg KASAB Bank Lahore 35202-2170993-9 Muhammad 1.185 68.520 178 Nisar Abbasi House No11 Block E Main Double Road Soan Avenue Soan Garden Housing Society Islamabad Islamabad 61101-1752491-1 Muhammad Ashraf Khan Abbasi 605.391 179 Syed Muhammad Saad Atiq Suit No 301 Al Ameen Tower Block 10 Upon Chase Gulshan-e-Iqbal Karachi 42101-5465427-5 Syed Muhammad Atiq 708. Near Shoukat Pehlwan Chowk Multan 36302-8850910-3 Muhammad Tufail 357.902 516.352 184 Syed Shakir Hussain Rizvi H No A-144 Bloch 1 North Nazimabad Karachi. Multan 36302-8569099-7 Muhammad Buta 1.859 836.008.329 927.192 106.192 158.054 1.201 99.687.421 608.196 552. 42301-1113005-1 (Late) Hamid Ali 920.642 720.740 3.587 2.463 181 Muhammad Fareed 1863/2.411 797.B.891.754 941.466 814.078 162 Raheel Rahman 53/2 21St Street Phase # 5 DHA Karachi.005.493 1.062.231 91. 42000-0508914-7 Abdur Rahman 834.662.033.S Fabrics M.132 2. Karachi 42301-2303623-3 Rana Muhammad Yaqoob 933.452 395.834 511.075.172 164 Fareed Ahmed Khan A-33 Sector No 11-A Power House Chowrangi North Karachi.871 167 Ghazala Tahir House # 7. PECHS Karachi 42201-7693649-2 Mohammad Tahir 2.161 173 Tanveer Rasheed House No. 3253932/0321-6490019/3891485 Gujranwala 34101-3393350-3 Abdul Rasheed 566.452 172 Rakhel Bibi Surgical Opd Sheikh Zayed Hospital New Campus Lahore 35200-5102881-6 Nasir Mohan Massi 867.031.921 1.902 567.335 1.520 183 Nasir Rauf Malik N.043.078 191.852 818.033.844 1. Karachi.839.852 974.706 171 Mazhar Zari Service Faddah Chowk Mailsi 36602-7488942-5 Ronaq Ali 1.224 1. F 3/4-A Afghani Road Samanabad Lahore.371 924.231 77.940 910.876 677.842 699.293 646.970 915.567 55.409 963.000 - 750. Sadiq Plaza.121 1.

514 790.E.497 702.821 633.146 70.277 220 Muzaffar Ali Bhatti 42301-0944839-7 Mohammad Anwar Javed 497.046 791.344 388.193 48.R 125 Tariq Bin Zayed Society Rehmania Masjid Malir Halt.833 708.281 42.372 781.651 674.499 646.674 619.046 5.974.1 Near Madina Masjid Near Muslim League Quarters Karachi 42101-0621558-5 Abdul Rauf Khan 1.332 209 Asif Ibrahim Zahidi Flat No 7 Mohammadi View Appartment Plot Z-49-A Opp DHA Phase 1 Mehmoodabad Road Karachi 42000-9733476-7 Muhammad Ibrahim Zahidi 619.877 171.055 2. Sunnyside Road.523 193 Awais Weaving Industries Chak#70Jb Mansooran Jhang Road Faisalabad 33100-0313868-3 Chaudhry Ahmed Deen 1.990 32.851 697.497 702.Block.134 197 Azhar Masood Bhatti House No.845 703.233.A Karachi 42201-0948226-3 Ghulam Ali - - - 536. Karachi 42101-1504951-1 Ansar Ahmed 1.816 1.921 446.952 199 Muhammad Abrar Ul Haq House-31.242 512.554 645.620 202 Hussain Haider Sahibzada Eurasia Shippers Off. Civil Lines Karachi 42301-1106096-9 Mohammad Akbar Yazdani 589.840 639.590 4. Mumtaz Abad Moh Haidri Colony.554 217 Muhammad Farrukh Dawoodani Ground Floor Bahria Complex 1 M.421 622.748 18.966 214 Syed Abdul Aziz House No R-195 Sector 15-B Buffor Zone Today'S Restaurant North Karachi.271 728. DHA.517. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Interest/ Mark up Principal Total Interest/ Mark up Principal Total Balance 188 Barkat Ali Flat No B-06 Sector 32/A Labour Square Ali Public School Korangi No 11/2 Karachi 34602-6513929-3 Muhammad Sain 700.786 783.H.670 26.980 - 783.528 643.344 208 Mirza Ayaz Akhtar Baig Flat # A-6 Al Nusrat Square Plot # Sc-4 Block-L North Nazimabad Karachi 42101-0373672-5 Mirza Ijaz Akhtar Baig 669.297 626.828 484.762 125.006 - 764.180 217.766 17. Security Check Post.518 758.958 714.024 494.242 512.546 643.7 Ambreen Shopping Centre Hyderi Market Block G North Nazimabad Karachi.952 754.204 37.795 48. No.949 609.973 189 Amir Siddiqui House No 5 Street No 1 Mahmoodabad Begum Pura Near Shawala Chowk Lahore 35202-2928739-7 Mohammad Siddiqui 737.705 459.Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Amount Written off / Concession Outstanding Libilities at Beginning of Year Sr.372 196 Fahad Abbas Akbar Nespak 158 Garden Block Daewoo Terminal Garden Town Lahore 34101-1478662-3 Ghazanfar Ali Khan 754.410 203 Muhammad Saeed Siddiqui Sharja Bartan Store Muslim Road Gali Javaid Butt Wali Gujranwala 34101-3817619-5 Muhammad Siddiq Siddique 1.743 647.634 683.509 784.493 308.759 701.552 623. Rawalpindi 61101-2461579-3 Bashir Ahmad 714.171 204 Muhammad Suleman House No C-145 Street No 8 Bhatai Road D3 Buss Stop Gulistan-e-Johar Karachi 42201-5541377-1 Ghulam Rasool Gilal 653.634 1. DHA II Malir Cantt . Moh Jan Muhammad Colony Multan 32304-1908515-3 Mian Atta Muhammad 3.849 682.429 12.409 472.514 790.498 127.2Nd Flr Defence View Phase-Ii Near Iqra University Karachi Axact Pakistan / 114-116C Tami Comm St Main Khayaban-e-Ittehad Phase 7 Near SCB Ittehad Branch Karachi 42101-6245394-9 Mumtaz Ahmad 50.241 628.082 1.H Worth Nazimabad.208 731. Allama Iqbal Town Lahore 35202-3091698-3 Farkh Masood Bhatti 2.046 690.613 93.116 2.652.812 53.877 211 Adnan Adnan Axact Pvt Ltd Axact House Axact Street Main Khayaban-e-Ittehad Phase VII D.140 637.974 696.143 123.T Khan Road Lalazar Near Beach Luxary Hotel Karachi 42201-5345229-7 Yaqoob Ali 598.614 195 Khalid Ahmed Khan Office # 10. Sunnyside Apartment.411 563.584 799.098.017 26. 13.534.355 34. Karachi 42101-4369750-3 Syed Abdul Sami 627.976 702.355 46.257 77.098.Ee-1.777 221 Muhammad Haris Banglow No. Multan 36302-9913897-1 Muhammad Hayat 2.812 60.936.A Karachi. Lahore 36402-2337357-1 Murtaza Khan Sherwani 622.828 502.201 148.143 123.721 196 Standard Chartered Annual Report 2015 .141 194 Safco Enterpris Office 50. Karachi 41303-4168302-3 Nizam Uddin Siddiqi 588.550 206 Marco 2-D Hill Top Arcade .188.994 602.451 198 Mian Muhammad House # 251-G Street -01.143 210 Muhammad Saddique Shamas Malik Street Ward # 06 Sher Shah Road Mohalla Khudadad Colony Multan 36302-9377601-5 Abdul Majeed 721. St-2 Opp.471 14.762 143.794 657. Zaman Colony Cavalry Ground.967 - 781.918 522.308 793.589 79. Farooqi 203-42-061196 280.183 91.554 - 645. Koran Town.393 218 Shehzad Akbar Yazdani 28.134 219 Abdul Rahman Khan Sherwani House # 5/16.223 637.712 669.639.906 230.075. Islamabad 35302-1984431-7 Rao Tufail Muhammad 687.1 Al Syed P Laza Opp Shaheen Cargo Terminal Airport Rawalpindi 61101-1958167-5 Ghulam Haider 577.087.953 13.631 569.Karachi 42101-2919794-3 Jamil Ahmed Khan 4.631 566. Karachi Mashhur A . Karachi Arif Ali Khan 210-52-401940 Khalid Ali 230.814 145.201 113.209 711.174 629.608 653.945 596.685 670.H.409 472.200. Jami Phase 2 Ext DHA Karachi 35202-2178117-7 Abdul Rasheed 667.794 82.554.520 639. St-7.478 124.693 563.537 213 Muhammad Tahir Ghori Dadex Sales Office Plot No 13-C Main Khayaban-e-Ittehad Phase No 2 DHA Near Faysal Bank Karachi 41304-3592041-1 Saghir Ahmed Ghori 632.594.890 875.627 751.208 707.663 212 Naeem Uddin Siddiqi House No F / L .796 714.338 529. Farooqui Shahood A.734 178.657 192 Nasir Junaid Habib Bank Masi Gate Branch Saddar.030 642.314 497.481 510. Taimuria Library.250 746.909 790.787 160.553 459.788 588.247 13.384 Nizam Block. St # 6.268 694.976 216 Jawed Ali Khan Shop # 8 S.015 640.566 - 754.175 598.903.743 671.909 713.493 308.020 205 Tariq Rauf Khan 1-J-21/8 Nazimabad No.334 16.794 13. 42301-7399885-8 Mohammad Afzal Randhawa 444.451 764.167 191 Sheikh Qasim Flat No 2 Plot No 23/E Stafff Lane One Main Kh.233 153. NO.117 772.657 667.912 44.063 669.075 764.980 718.481 - 50. Sunset Blvd .288 200 Fahd Ahmed Shaikh H No 34/1 Phase 05 Khayaban-eTanzeem Khada Market Karachi 42301-3326071-1 Rashid Ahmed Shaikh 637.772 803. Street 5 Muhalla Phase 4 Gulraiz Colony Rawalpindi 37405-5116888-7 Muhammad Munir Khan 724.063 25.987 215 Humaira Makhdoom H # 17-A/2 West Street Phase-I D.851 2. H.063 - 669.183 76.906 207 Muhammad Nawaz (Deceased) Near Coca Cola Factory.739 782.903 280.711 86.529 57.859 74.549 2.453 201 Mohammad Ammad Khan Ghauri H # 381.031 746.997 690.062 190 Nasreen Tanveer Works Directorate Kda Scheme#01 Civil Aviation Lal Qila Resturant Authority Karachi 42201-5754034-0 Muhammad Tanveer 783.146 24.711.705 542.038 644.446 681.

664 588.374 Phiple Coloney H # 161 Street # 5 Sahiwal 36502-9039976-1 Ghulam Rasool 998.509 508.629 239 Shahid Mehmood House No 2 Ideal Homes Kotely Pir Abdul Rehman Shalimar Bagh Gt Road Lahore Near Pakistan Mint Lahore 35201-1398542-9 Muhammad Ishaqe 499.159 467.661 232 Atif Raza May Fair Group Of Companies Raiwind Manga Road Dars Road Lahore 36502-0903734-9 Riaz Hussain Jaffery 563. Lahore 36402-2337357-1 Murtaza Khan Sherwani 467. Cantt Lahore 35201-1627005-7 Muhammad Ishaq 496.179 113. Name Name of Partners/ Directors NIC / CNIC 222 Wasim Ahmad Khan Cargo Plus 25-A 1St Floor Ittefaq Plaza Wahdat Road.I Chundrigar Road Karachi 226 Sheikh Rehan Yousaf 227 Amount Written off / Concession Interest/ Mark up Total Balance 613.687 100.266 596.561 514.939 88. 42201-3812430-5 225 Abdul Razzak Bma Capital Management Ltd Level 8 Uni Tower Uni Plaza I.319 247 Muhammad Zakria H No 25 St No 7 Mehrab Wali Street Begum Kot Lajpat Road Shahdara Lahore 35202-9147946-9 Muhammad Taqi 499.387 235 Qamer Rahi Axact House Axact Street Ph VII Khayaban E Ittehad DHA near KFC Karachi 42201-0746973-9 Sameul Masih - - - 482.579 578.158 589.751 231 Chaudry Muhammad Nasir 22Km Ferozpur Road.239 42.573 7.255 592.867 494.600 656.541.454 31.34 Askari III School Road Cantt Karachi 42301-9693886-5 Ghulam Gelani 463.152 - 571.910 563.071 51.518 12.972 37.200 584.165 44.742 - 529. Defence Road.1 Banker Faisalabad. Karachi 42201-5921187-1 Syed Mohd Younus Almadni 491.157 540.091 118.483 22.193 166.866 240 Muhammad Sajid Jamal H No 11 St No 23-A (6) Mohalla Nizam Abad Asghar General Store Kot Khawja Saeed Baghban Pura Lahore 35201-4319005-9 Jamal Din 289.413 89.596 630.307 126. Behind Alsuleman Plaza.544 99.599 1.482 356.271 599.294 491.951 596.698 515.First Faloor Sher Pao Bridge Gos-e-Azam Colony .946 90.600 497.P-124 Street No.041 587.524 35202-6249389-1 Sheikh Muhammad Yousaf 563. NO.012 632.059 81. Lahore 35202-2428258-1 Ahmed Wali Khan 223 Muhammad Fareeduddin Axact Pakistan 114-116C Jan Comm Main St Main Khayaban-eIttehad near Ittehad Branch Karachi 42201-3610582-1 Muhammad Salahuddin 224 Danish Younus Plot No 285 Flat No 302 3Rd Floor Sharfabad Apartment Near Ptv Station Karachi.709 90.482 362.042 614.390 100.286 544.608 578.448 600.297 87.998 238 Adnan Khurram 1St Floor Room 1 Habib Bank Plaza Sindh Madarsa Building Karachi 42301-4623616-3 Sheikh Muhammad Iqbal 491.654 557.198 457.916 497.742 527.224 78.389 583.165 88.241 173.695 90.531 562.329 599.909 253 Syed Mohammad Azam Almadni Al Madni Services Shop 28 Civil Aviation Mkt Opp Terminal 1 Airport.997 535.868 557.390 100.3 Rabani Colony No.593 648.661 499.835 569.225 499.923 250 Khurram Shahbaz House Shop 10 Abdul Mali Road Lahore Hotel Lahore 35202-7144214-9 Sheikh Ameer Ali 491.261 457.868 617.380 230 Ghulam Murtaza Engro Polymer Port Qasim Dept Operation Tower Steel Karachi 42501-9865917-5 Muhammad 571.521 499.068 594.297 43.968 - 308.356 Aamir Anjum H # 1A.695 87.454 591.364 244 Khalid Mehmood House No 389 Phase 1 Malir Cantt Cheak Post Karachi 61101-5034240-9 Muhammad Ashraf 499.511 234 Saad Saud 187-A Ahmed Block Raja Market New Garden Town Lahore 35202-8431235-9 Saud Hanif 308.884 - - 505.131 236 Abdul Rahman Khan Sherwani House # 5/16.271 599.763 382.923 491.661 254 Aamir Iqbal Khan House Number 12 .245 267.283 126.433 604.158 589.902 501.081 248.709 90.931 74.545 134.687 613.875 577.129 13.283 73.968 470.244 - 382.959 241 Maqbool Hussain Zaidi Shop No 6 Ground Floor Bombay Tower Sanai Hotel Abbott Road Lahore 35202-8740383-1 Inaam Ullah Zaidi 499.705 499.483 44.522 237 Hashim Ali H/No G 47 Kucha Muhammad Inside Yakki Gate Sadiq Lahore 35202-5233858-3 Nazir Hussain 457.436 246 Muhammad Imran 3-A Khoghar Building Awan Group Royal Cargo Shobara Hotel Services Lahore 42201-3545897-1 Gulstan Khan 514.603 242 Saad Saud 187-A Ahmed Block Raja Market New Garden Town Lahore 35202-8431235-9 Saud Hanif 499. Service Road Ghori Town Phase Iii.437 569.930 63. Near Sher Pao Bridge. Gulbarg2 Lahore 36302-4614694-7 Iqbal Muhammad Khan 529.873 611.659 - 491.739 633. Lahore 34201-0366080-3 Chaudry Allah Dita 499.244 499.905 251 Mohsin Ikram Mi Holidays And Travel 8-V 12 Central Street Pns Shifa Phase 2 DHA Karachi 42301-4338793-1 Sheikh Wasim Akram 499.959 K V Muhammad 570.813 404.716 570.932 47.240 470.973 82.231 526.152 561.273. Zaman Colony Cavalry Ground.036 36.172 693.659 499.481 252 Qamar Sohail House#SD.364 233 Abdul Ghaffar House No.224 24.Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.872 106.491 249 Ijaz Gul House No 378 Street No 25 1St Floor E-11/4 Islamabad 61101-6162241-1 Qazi Salahuddin 470.233 486.036 14.454 127.190 Interest/ Mark up 526.939 44.680 512.736 243 Zulfiqar Ali H No 05 Block H Shah Khawar Town. St # 6.359 - Younis 42301-9404703-1 Sheikh Usman Mobile Centre Shop #26 Jinnah Market Main Bazaar Township Lahore Al Muslim Zari Services C/O Liaqat Ali 228 Father / Husband Name Total Financial statements and notes Principal Principal Address 197 .549 527.738 570.867 - 499.786 574.355. Islamabad 61101-9589075-9 Sabir Hussain Khan 612.204 582.916 - 499.317 245 Syed Arshad Ali Rizvi Bungalow No 39 Main Khayaban E Bukhari Near 01 Misri Shah Mazar Phase 6 DHA Karachi 42301-1091489-1 Syed Aziz Ur Rehman 457.245 423.972 27.080 596.931 43.978 531.902 - 289.364 581.673 14.087 85.904 584. 33100-4078377-9 Ghulam Nabi 1.168 125.243 552.866 499.321 496.683 590.864 578.356 41.672 229 Khushnoda Kosar 16-Km Raiwind Road Superior University Lahore 35201-2307092-2 Kashif Fayyaz Syed 642. Roahi Nala Stop Meyo Plaza.128 24.779 599.872 86.996 1.070 87.177 248 Aman Ullah Shaikh Flat#B-304 3Ard Flr Billy'S Paradise Phase-2 Perfume Chowk Karachi Blk 17 Gulistan-e-Johar Karachi 45203-4947530-1 Mola Bux Shaikh 620.082 482.153 583.889 588.

998 492.213 559.397 10.072 42.005 565.893 58.297 508.769 512.232 540.045 537.817 71. Muhammad Saddique Inside Yaki Gate Lahore 35202-5233858-3 Nazir Hussain 487.509 546.211 536.706 37.2 Sardar Muhammad Ali Road Model Colony Karachi Near 9.706 530.823 560. 7B.032 36.145 63. Mulki Hayat Tayer Wala Lahore 17101-5556926-1 Meer Alam Khan 478.356 488.072 540.031 269 Wasim Ahmad Khan Cargo Plus 25-A 1St Floor Ittefaq Plaza Wahdat Road Lahore 35202-2428258-1 Ahmed Wali Khan 474. Tariq Road.869 21. Sialkot Sh.000 473. 3.754 259 Habib Ur Rehman And Company C/O Habib Ur Rehman Behind Darbar Baba Qaim Sayin Street No.525 89.345 54.759 469.291 484.866 548.067 175.291 - 484.231 532.291 63.177 476.730 67.308 527. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Principal Interest/ Mark up Total Balance 255 Muhammad Khurram Munir Street No 8 North Ghang Road Shaikhopura near Stadium Sheikhupura 35404-1563250-9 Muhammad Munir Bajwa 500.545 483.268 256 Muhammad Sohail House No 830 Allalh Wala Town Sector 31G Korangi Crossing Karachi 42301-6180508-3 Muhammad Younas 448.610 49.866 464.182 80.137 474.435 271 Yousaf Rasheed A One Network Salam Chambers.950 268 Abdul Hameed H No 10 St No 3 Afzal Park Bloom Field School Harbanspura Lahore 35201-1693635-9 Hassan Muhammad Chudhry 503.671 506.224 558.Sui T # 1.268 567.416 449. Parvez Iqbal.687 557.729 270 Rumel 61/18.666 565.068 411 488.158 12. Taimuria Library. Korangi.696 411.327 73.851 27.786 548.715 534.852 559.362 153.202 267 Hashim Ali House #G-47 Kucha Ch.158 59.583 - 486.882 76.043 540.562 548.545 - 498.751 537.583 51.880 527.078 273 Abdul Majeed Mangi Fl 3/5 9Th Floor Bismillah Terrace Nai Basti Punjab Colony Opp Clif Contenment Boare Fire Stat Street No 2 Karachi 45504-1142507-5 472.768 84.000 - 500.780 517. St-2 Opp.993 14.220 554.046 513.474 536.730 39.293 497.654 485.386 79.787.745 275 Syed Yawer Abbas Rizvi 276 Azhar Iqbal H No 33 St No 10 Area -A Qayumabad Sir Syed Hospital Korangi Road Karachi 42201-4669700-5 277 Aftab Alam Flat No 101 Bhayania Sunview Gulshan-e-Iqbal University Road Govt Boys High School Karachi 41103-7244038-5 278 Mian Muhammad Atif A-58/1 Jinnah Garden Model Colony Near Malir Cantt Karachi 42501-9540449-5 279 Abid Habib R 312 Sector 14B Shadman Town Sakhi Hassan Qabristan North Karachi Karachi 42101-8416718-5 280 Zafar Afzal 429-Abbas Block Mustafa Town Lahore 35202-1601742-5 Eye Deptt Isr Floor Mayo Hospital King Edward College Lahore 33302-6979820-8 281 Sumera 282 Khurram Bukhari Aga Khan Hospital Chief Operation Officer Department Time Medicos Stadium Road Karachi 41303-7659692-7 283 Muhammad Sohail House No 830 Allalh Wala Town Sector 31G Korangi Crossing Karachi 42301-6180508-3 284 Adeel Hussain Plot#2 Moalimabad Shaheed e Millat Road near Bahadurabad Chourangi Karachi 42000-0495256-5 285 Simon Moses H No 53 Dilkusha Road Gill Street Model Town Lahore 35201-1354564-1 House# 837 Muhallah Sabzazar Scheme Block A near Liaqat Chowk Lahore 35202-0659529-7 286 198 Sheikh Tariq Mahmood Standard Chartered Annual Report 2015 Hafiz Abdur Rashid Muhammad Abdul Mannan Muhammad Aslam Mangi Mian Salah Uddin Syed Saeed Ahmed Rizvi Muhammad Iqbal Shoukat Ali Mian Muhammad Sadiq Habib Qasim Muhammad Afzal Hashmat Ali Zahoor Hussain Shah Bukhari Muhammad Younas Rafique Hussain Moses Anthony Muhammad Afzal Abdul Aziz Malik .963 95.610 49.206 257 Muhammad Zahid House No.595 2.473 66.629 484.542 475.732 479. NO. Karachi 42101-2919794-3 Jamil Ahmed Khan 479.687 558.479 461.782 1.072 14.293-294 Main Sarfraz Colony Faisalabad 33100-0132710-1 Sheikh Muhammad Ismail 499.649 562.636 429.817 85.327 14.043 486.084 264 Faisal Farooq Nirala Group Of Companies 161 Shadman 2 Lahore 35202-2895477-1 Farooq Ahmed 476.032 45.409 434.601 459.297 266 Naseer Ullah Plot No 16 Truck Stand Ravi Link Road.053 .144 506.898 261 Khalid Ahmed Khan Office # 10.013 559.Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.965 74.544 272 Syed Taufiq Mannan House No A-211 Block L North Nazimabad Karachi near Landikotel Chuarangi Karachi 42101-2781343-5 551.507 512.895 551.231 - 540.610 487.992 116.000 67.395 262 Ghulam Abbas Jafre B-185 Block -I Khatija Market North Nazimabad Karachi 42101-1575078-7 Syed Nasir Hussain Jafre 500. Sh.687 558.386 52.342 553.372 551.457 373.628 457.816 274 Muhammad Samad Street No 15/7 Royal Park Near Intikhab Jadeed Press Lahore 35200-1464829-5 462. 2nd Floor 22-Link Mcleod Road Patiala Ground Lahore 35202-0487695-5 434.710 67.865 81.749 265 Munawar Ghulam Plot 199 Sector 23 Hamdard Package Shan Foods Korangi Karachi 42301-0776113-3 Ghulam Murad 508.583 486.000 500.438 67.571 56.574.179 481.460 554.696 411. 498.075 85.075 472.713 526.931 9.144 491.552 551.171 263 Muhammad Siddiq 21/32.267 543.644 471.072 54.858 506.232 52.795 514.751 527.649 - 448.981 547.869 258 Shakeel Ahmad H No 14 St No 1 Paradise Houses Super Town Fine Store Link 2 Main Boulevard Defence Lahore 35201-5604099-5 Muhammad Rafiq 492.004.515 85.435 553.077 492.362 260 Muhammad Imran 3-A Khoghar Building Awan Group Royal Cargo Shobara Hotel Services Lahore 42201-3545897-1 Gulstan Khan 482.828 297.182 53.812 481.853 527.864 74. Faizabad Faisalabad 246-86-116174 Nizam Din 229. 553.524 8.C Bus Stop Karachi 42201-0680242-5 Abdul Jabbar Salim 562. Karachi 42101-6254049-5 2. W/O.216 492.705 463. Sheraz Parvaiz 34603-8171751-1.858 - 562.533 462.047 548.666 641.000 - 485.489.159 484.683 M/S National Refinery Ltd.198 481. Parvez Iqbal.H North Nazimabad.Block.243 566.435 - 553. Tasneem Kauser 34603-2189703-0 Sh.310 58.629 2.426 565.435 - 553.413 479.665 500.649 470.

198 50.506 435.069.003.166 453.549 449.654 - 516.Sajjad Hyderabad Syed Aijaz Ali Shah 41303-1526201-9 Syed Haider Shah 783.069 486.000 472.126 110.915 71.693 513.873 1.937 77.304 425.950 Asim Qamar 129 Sarwar Colony.345 34.597 Ghulam Ali Chaudhary Muhammad Amin Chaudhary Muhammad Amin Chaudhary Muhammad Amin Chaudhary Muhammad Amin Hafeez Ullah Interest/ Mark up Total Abdul Aziz Malik 408.131 298 Pervaiz Suleman Suit 605 6Th Floor Jillani Tower M.009 491.736 524.176 504.771 106.848 - 331.383 507.176 515.717 306 Owais Mirza Elite Publishers Ltd D-118 S I T E.009 25. Lahore 35201-0949909-1 Imran Qamar 398.798 1.214 21.117 472.169 73. Multan 290 Ammar Ali Rashid 291 Amount Written off / Concession Interest/ Mark up Total Balance 522.354.831 74.473 42.423.000 412.919 32.881 513.267 510.218 35201-1516403-5 Joseph Gill 492.919 120-R-1 Opposite Bank Al Falah Shoukat Khanum Road.Khan Road 01 Karachi 42101-3801843-5 Sheikh Mohammad Reyaz 449.341 238.754 527.755 505.102 996.017 484.371 506.060 512.013 522.153 5.710.776 308 Waqas Zia Shop No 10 Mehrabad Building Nishter Road near Garden.827 11.851 408.Jinnha Road Karachi 42101-1718624-3 Suleman 461.128 36302-0296624-7 Humayun Naseer Shaikh 466. Opp Lasori Shah Jung Bazar Faisalabad 33100-0488382-9 Muhammad Younas 724.772 498.614 433.932 519.407 302 Ahsanullah Flat No C-10 4th Floor Bed Rock Appartment Teen Talwar Race Course Road Clifton Karachi 45504-1142018-1 Atta Muhammad Shaikh 494.660 509.032 525.459 522.739 1.206.686 21.959 449.254 448.193 502.000 - 492.897 233.288 297 Imdad Hussain House No P-424.910 463.849 296 Syed Rashid Farooq 811-E-I Johar Town Lahore Near Lahore Grammar School.642 42201-7451247-3 Muhammad Shafi 462.055 491.201 18.966 783.796 28.179 304 Muhammad Ali Kausar 22 F PIA Housing Society Near Wapda Chowk Lahore 35202-7442828-1 Muhammad Ali Kausar 999.050 404.831 62. Cantt.968 307 Maqbool Hussain Zaidi Shop No 6 Ground Floor Bombay Tower Sanai Hotel Abbott Road Lahore 35202-8740383-1 Inaam Ullah Zaidi 397.304 425.212 101.286 303 Waseem Reyaz Sheikh Room No.422.000 293.T.623 446.354.191 500.959 517.509. Johar Town Lahore Chaudhary Muhammad Amin 35202-5187077-5 Tanveer Khaliq 36502-1286618-3 35202-2905528-7 Sohail Anjum 35202-2905528-9 Mubashir Amin 35202-3905530-7 Saif Ullah Hafiz 35202-6302287-3 492.728 52.936 452.457 12.393 1.200 71.502 Muhammad Farooq 449.007 23.345 25.370 516.523.786 470. Name Name of Partners/ Directors NIC / CNIC 287 Shahzad Aziz Malik 35201-3023443-9 288 Muhammad Sheeraz Farooq Flat # 401.733 481.194 5.448 93.660 - 509.915 Office No 207 2Nd Floor Chenab Plaza Jinnah Avenue SCB Blue Area Islamabad 61101-6813421-3 Rashid Shafaat Ullah Khan Sher Muhammad Shaikh Appt No 603 Sea Breeze Heights Block 2 Clifton Karachi 42201-9190396-7 Nazar Muhammad Shaikh 292 Saleem Akhtar Khan 39/41 Chughtai Park Nicholsan Road Lahore 35202-2570495-7 293 Naveed Joseph City School 31 Ind Area Gurumangat Road Nadeem Tikka Gulberg III Lahore 294 Wajahat Ali Khan 295 310 Muhammad Naeem 311 Tanveer Corp (Pvt) Ltd.889 309 Mohammad Nadeem Aslam 35201-3860569-7 Mohammad Aslam 449. Sarwar Road.547 513.209 300 Ali Naveed Pirzada 1 Habibullah Road (Off Davis Road) Al-Ayesha High School Lahore 35201-8886908-9 Naveed Aslam Pirzada 414.580 503.331 502.Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr. Karachi 42301-2568424-3 Zia Ul Hassan 456.625 1.021.796 486.196 106.9 Imperial Hotel Building M.194 5.935 522.185 401.570 486.625 1.660 305 Muhammad Aslam Khan Kanjoo House No 15A Street No 43 Qila Mohammadi Moon Public School Ravi Road. Lahore 35202-9902176-7 Lal Buksh Khan Kanjoo 472.349 117.810 397.422.196 36.798 1.102 313 Syed Aijaz Ali Shah C 340 Gulshan-E.752 70.101 542.254 - 462. Prime View Appartment.459 Adalat Khan 441.528 420. Karachi 42000-6524471-9 Ahmed Mirza Jamil 227. 140 U Phase 2 DHA Lahore 18 C Sally Town Harbanspura Road Lahore Cantt Lahore Flat # B 406 4th Floor Abid Appartment Block 2 Gulshan-e-Iqbal near Iqra University Karachi Father / Husband Name 312 Fareed Ahmed S 12/468 Anwer Vilas Hydri House Hyderabad Fareed Ahmed 41303-7407819-5 Khair Muhammad Rashid Ahmed 996.009 514.706 396.201 Financial statements and notes Principal Principal Address 199 .915 481.485 415.738 10.126 2.966 314 Apollo Textile Mills Ltd Suit # 323 The Forum Khayaban-eJami Block 9 Clifton Karachi Zahur Ahmed 42301-4799881-3 Ikram Zahur 42301-7698523-9 Abdul Rehman Zahur 42301-7218579-1 Muhammad Tahir Khan 32304-5587494-3 "Samina Ebrahim 42401-7526004-0 Nosheen Rashid 42301-0928856-4 Huma Fatima Lohdi 42201-7054059-0 Dost Muhammad Zahur Ahmed Zahur Ahmed Muhammad Islam Khan Muhammad Ibrahim Rasheed Akhter Nusrat Hameed Khan Lodhi 18.654 14.383 514.169.018 123.185 - 398.A.052 393.805 442.738 18.418 75.139 522.000 516.007 23.349 114.211 A Best Choice/ Ofice#13 1st Floor Rehmat Plaza F-6/4 Blue Area Near Awan Arcade Islamabad 61101-2595873-7 Mumtaz Khan 379.867 97.800 522. Lahore 32102-4905383-7 Syed Farooq Ali 452.345 299 Muhammed Naeem House 122-B St# 42 floor Upper F10/4 near Silver Oxe Islamabad 61101-6195009-7 Muhammad Muneer 331. Block-F North Nazimabad Karachi 42101-2479755-3 289 Ali Akbar Aamar Jewelers 1780/A Sarafa Bazar. NO.648 416.915 494.381 511.848 443.849 115.021.131 516.557 67.805 444.561 301 Abdul Rab Khan H No 304-G3 3rd floor Alamode Appartment Teen Talwar Block 8 Clifton Karachi 42301-0853809-1 Haji Abdul Sami 505.567 14.341 238.526 42.449 53.119 92.919 63.

059.470 1.300.641.148 1.742 318 Zeeshan Afzal House # 17 & 18.640.663 46.734.366 318. Saudi Park Mozang.235 8.117 444-J.766 319 Agritech Limited 2nd Floor Asia Centre.411 2.525.636 316 Asif Rana Asif Rana 33100-1314481-3 Rana Muhammad Ashraf 1.027 241.515 2. Street # 2. New Garden Town.416 347.538 241.507.725.805.215.362 426. Malir Cantt Karachi Sheikh Muhammad Asad Talib 42501-9042923-5 Sheikh Talib Hussain 1.245 318. Plot # 101-103 Humak Industrial Estate Sihala Road Islamabad Waseem Pasha 37405-6350019-1 Amena Waseem Tajjamul Hussain Malik Waseem Pasha 2. Askari 5.282 1.Street 3.160.270 2.490. Johar Town Lahore 1.224.161.204.270 2.980.916 317 Sheikh Muhammad Asad Talib House # 401.630.687 347.523.434. Name Address Name of Partners/ Directors NIC / CNIC Father / Husband Name Principal Interest/ Mark up Total Amount Written off / Concession Principal Interest/ Mark up Total Balance 315 Cavalier Enterprises (Pvt) Ltd.321 2. 8-Babar Block.205. Lahore Wajahat Ahmed Baqai 42301-4699101-1 Asim Imtiaz Basra 35202-2846781-5 Ahsan Raza Durrani 42301-7453002-7 Rehmat Ali Hasnie 35201-2467510-3 Kamran Ali Kazim 42301-5737695-1 Asim Murtaza Khan 42201-0482620-9 Mohammad Khalid Mir 42301-9907922-9 Masroor Ahmed Qureshi 42301-6093584-1 Tasleemuddin Baqai Imtiaz Ahmed Irtaza Ali Khan Durrani Riffat Ali Hasnie Abul Hasan Kazim Ghulam Murtaza Khan Mohammad Anwar Mir Ahmad Ali Qureshi 43.055 1.693 200 Standard Chartered Annual Report 2015 .882 1. NO.283. Lahore Zeeshan Afzal 35202-2169562-9 Mian Muhammad Afzal 715.255.739 957.508.739 922.075.462 1.492.855.207.595 7.357.Consolidated Financial Statements Annexure-1 Amount in PKR Rupees Outstanding Libilities at Beginning of Year Sr.471 1.100 1.049.242.277 681.816 426.055 1.932 3.100 1.

339.000 817.287 183.000.175.000 134.045 113.900 497.249 595.700 145.000 178.021 383.219 146.000 712.531 5.179 917.500 451.500 414.766 580.900 103.000 1.100 321.795 914.671 1.614 500.871.000 420.662 238.230 847.000 302.585.400 135.600 2.817 89.832.232 275.795 4.570 1.900 400.162 3.673 488.500 747.000 900.000 437.897 411.500 381.183.024 155.000 3. OF SHAREHOLDERS 1 101 501 1001 5001 10001 15001 20001 25001 30001 35001 40001 45001 50001 55001 60001 65001 70001 75001 85001 95001 100001 110001 120001 125001 130001 135001 145001 155001 170001 175001 195001 205001 215001 225001 235001 245001 270001 295001 300001 320001 370001 410001 440001 455001 495001 710001 795001 815001 910001 995001 1075001 1995001 3180001 3832335001 to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to 100 500 1000 5000 10000 15000 20000 25000 30000 35000 40000 45000 50000 55000 60000 65000 70000 75000 80000 90000 100000 105000 115000 125000 130000 135000 140000 150000 160000 175000 180000 200000 210000 220000 230000 240000 250000 275000 300000 305000 325000 375000 415000 445000 460000 500000 715000 800000 820000 915000 1000000 1080000 2000000 3185000 3832340000 TOTAL SHARES HELD 46.000.410 490.500 440.856 171.500 800.258 158.809.000 175.078.000 3.PATTERN OF SHAREHOLDERS As of 31 December 2015 NO.825 1.765 339.421 154.317.047 845.021 Financial statements and notes 1193 1870 1084 2360 778 107 67 37 21 15 9 9 10 3 3 3 6 2 2 1 6 1 1 1 3 1 1 1 1 1 1 2 2 2 2 1 2 1 3 1 1 2 1 1 2 1 1 1 1 1 1 1 1 1 1 7631 SHAREHOLDINGS' SLAB 201 .000 598.997.500 122.

CATEGORY WISE LIST OF SHAREHOLDERS As at 31 December 2015 Categories of Shareholders Shareholders Percentage Directors and their spouse(s) and minor children Sultan Mohammad Parvez Ghias Spenta Kandawalla Shazad Dada Vinod Ramabhadran Sunil Kaushal Najmul Islam Chaudhri 1 1 1 1 1 1 1 1 1 1 1 1 0.00 0.021 100. Local b.03 12 3.76 0.098 16.08 1 1 41.00 7497 8 29. Takaful.201.99 Banks.778 0. Foreign Totals Shareholders holding 5% or more Standard Chartered Bank (UK) 202 Shares Held Standard Chartered Annual Report 2015 .00 Foreign Companies 15 3.00 0.883 0.Trustee First Capital Mutual Fund General Public a.08 Others 84 2.832.339.06 7631 3.162 Percentage 98.99 Executives - - - Public Sector Companies and Corporations 6 1.00 0.871.00 Shares Held 3.00 0.00 0.087.162 98.00 0.832.Trustee AKD Index Tracker Fund CDC .339.276. NBFCs.388.000 0.220.585. DFIs.951 0.980 12.889 0. Modarabas and Pension Funds Mutual Funds CDC .00 Standard Chartered Bank (UK) 1 3.274 0. Insurance Companies.

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