Financial Statement Analysis of Financial Sector

All Banks - Overall

Items 2014 2015
A.Total equity (A1 to A3) 969,039,392 1,096,903,165
1.Share capital/head office capital account 491,706,221 522,814,905
2.Reserves 254,239,227 293,103,899
3.Un appropriated profit 223,093,944 280,984,361
4.Others 250,938,994 163,710,381
B.Total liabilities (B1 to B4) 10,790,890,100 12,797,383,126
1.Bills payable 134,293,786 145,294,918
2.Borrowings from financial institutions 992,897,367 1,801,826,875
3.Deposits and other accounts 9,238,145,244 10,392,774,296
4.Other/misc. liabilities 425,553,703 457,487,037
C.Total assets (C1 to C4 + C8 to C10) 12,010,868,487 14,057,996,672
1.Cash and balances with treasury banks 724,429,154 954,162,043
2.Balances with other banks 141,602,932 187,576,572
3.Lending to financial institutions 424,443,086 325,280,792
4.Investments 5,312,038,514 6,919,020,441
5.Gross advances 5,022,807,378 5,344,554,308
6.Advances-non-performing/classified 610,311,461 585,404,809
7.Provision against advances 487,437,628 514,066,649
8.Advances net of provision (C5 - C7) 4,535,369,750 4,830,487,659
9.Fixed assets 254,762,409 267,989,601
10.Other/misc. assets 618,222,642 573,479,564
D.Profit & loss account
1.Markup/interest earned 923,630,745 973,247,698
2.Markup/interest expenses 504,770,274 483,979,803
3.Net markup/interest income 418,860,471 489,267,895
4.Provisions and write-offs 29,105,275 42,324,977
5.Net markup/interest income after provisions 389,755,196 446,942,918
6.Non-markup/interest income 164,911,042 211,545,122
7.Non-markup/interest expenses 311,248,523 338,588,425
8.Administrative expenses 301,347,857 327,847,033
9.Profit/(loss) before taxation 244,163,368 319,892,613
10.Profit/(loss) after taxation 161,013,539 193,263,032
E.Other items
1.Cash generated from operating activities 723,506,656 2,002,387,570
2.Commitments and contigencies 5,107,992,607 6,312,046,637
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1) 45.35% 50.27%
2.Net markup/interest margin (D1-D2)/C 3.49% 3.48%
3.Return on equity (ROE) (D10/A) 16.62% 17.62%
4.Return on assets (ROA) (D10/C) 1.34% 1.37%
5.Non-markup/interest income to total assets ( 1.37% 0.02
6.Net markup/interest income(after provisions) 3.25% 3.18%
7.Markup/interest expense to markup/interest 54.65% 49.73%
8.Admin. expesne to profit before tax. (D8/D9)( 1.23 1.02
9.Non-markup/interest expense to total incom 28.59% 28.58%
10.Admin. expense to non-markup/interest inc 1.83 1.55
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 7.21% 8.12%
2.Investment to total assets (C4/C) 44.23% 49.22%
3.Advances net of provisions to total assets (C8 37.76% 34.36%
4.Deposits to total assets (B3/C) 76.91% 73.93%
5.Total liabilities to total assets (B/C) 89.84% 91.03%
6.Gross advances to deposits (C5/B3) 54.37% 51.43%
7.Gross advances to borrowing & deposits C5/ 49.09% 43.83%
H.Assets quality ratios
1.Non-performing loans to gross advances (C6 12.15% 10.95%
2.Provision against NPLs to gross advances (C 0.10 9.62%
3.NPLs to total equity (C6/A) 62.98% 53.37%
4.NPLs write off to NPLs provision (D4/C7) 5.97% 8.23%
5.Provision against NPL to NPLs (C7/C6) 79.87% 87.81%
I.Capital /leverage ratios
1.Capital ratio (A/C) 8.07% 0.08
2.Commitments & contingencies to total equity ( 5.27 5.75
3.Total deposit to total equity (B3/A) (times) 9.53 9.47
J.Cash flow ratio
1.Cash generated from operating activities to pro 4.49 10.36

24

Financial Statement Analysis of Financial Sector

Local Banks - Overall
Items 2014 2015
A.Total equity (A1 to A3) 935,727,210 1,070,003,876
1.Share capital 458,813,069 504,697,475
2.Reserves 254,082,900 292,939,108
3.Un appropriated profit 222,831,241 272,367,293
4.Others 250,376,424 163,526,381
B.Total liabilities(B1 to B4) 10,587,053,787 12,563,631,286
1.Bills payable 130,722,032 142,312,848
2.Borrowings from financial institutions 916,649,220 1,693,320,543
3.Deposits and other accounts 9,130,636,652 10,286,882,208
4.Other/misc. liabilities 409,045,883 441,115,687
C.Total assets (C1 to C4 + C8 to C10) 11,773,157,422 13,797,161,543
1.Cash and balances with treasury banks 697,148,058 934,166,527
2.Balances with other banks 139,791,624 185,545,634
3.Lending to financial institutions 411,702,558 305,983,872
4.Investments 5,185,061,111 6,745,664,302
5.Gross advances 4,960,270,001 5,303,837,767
6.Advances-non-performing/classified 605,555,328 582,237,625
7.Provision against advances 482,588,246 510,888,276
8.Advances net of provision (C5-C7) 4,477,681,755 4,792,949,491
9.Fixed assets 253,689,079 266,482,950
10.Other/misc. assets 608,083,237 566,368,767
D.Profit & loss account
1.Markup/interest earned 906,013,975 958,252,439
2.Markup/interest expensed 497,263,971 476,117,336
3.Net markup/interest income 408,750,004 482,135,103
4.Provisions and write-offs 29,135,489 42,834,022
5.Net markup/interest income after provisions 379,614,515 439,301,081
6.Non-markup/interest income 162,082,412 204,324,913
7.Non-markup/interest expenses 304,701,571 333,925,082
8.Administrative expenses 294,888,284 323,247,084
9.Profit/(loss) before taxation 237,630,601 309,693,910
10.Profit/(loss) after taxation 156,887,421 186,817,615
E.Other items
1.No. of ordinary shares (000) 59,404,970 86,751,768
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 708,060,205 1,919,697,264
5.Commitments and contigencies 4,480,866,229 5,466,725,847
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 45.12% 50.31%
2.Net markup/interest margin (D1-D2)/C 3.47% 3.49%
3.Return on equity (ROE) (D10/A) 16.77% 17.46%
4.Return on assets (ROA) (D10/C) 1.33% 1.35%
5.Non-markup/interest income to total assets 1.38% 1.48%
6.Net markup/interest income(after prov.) to to 3.22% 3.18%
7.Markup/interest expense to markup/interest 54.88% 49.69%
8.Admin. expense to profit before tax. (D8/D9) ( 1.24 1.04
9.Non-markup/interest expense to total incom 28.53% 28.72%
10.Admin. expense to non-markup/interest inc 1.82 1.58
11.Earning per share (D10/E1) 2.64 2.15
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 7.11% 8.12%
2.Investment to total assets (C4/C) 44.04% 48.89%
3.Advances net of provisions to total assets (C8 38.03% 34.74%
4.Deposits to total assets (B3/C) 77.55% 74.56%
5.Total liabilities to total assets (B/C) 89.93% 91.06%
6.Gross advances to deposits (C5/B3) 54.33% 51.56%
7.Gross advances to borrowing & deposit C5/( 49.37% 44.27%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 12.21% 10.98%
2.Provisions against NPLs to gross advances ( 9.73% 9.63%
3.NPLs to shareholders equity (C6/A) 64.71% 54.41%
4.NPLs write off to NPLs provisions (D4/C7) 6.04% 8.38%
5.Provision against NPL to NPLs (C7/C6) 79.69% 87.75%
I.Capital /leverage ratios
1.Capital ratio (A/C) 7.95% 7.76%
2.Commitments & contingencies to total equity ( 4.79 5.11
3.Break up value per share (A/E1) 15.75 12.33
4.Total deposit to total equity (B3/A) (times) 9.76 9.61
J.Cash flow ratio
1.Cash generated from opration activities to prof 4.51 10.28

25

Financial Statement Analysis of Financial Sector

Public Sector Banks - Overall
Items 2014 2015
A.Total equity (A1 to A3) 146,836,645 159,079,900
1.Share capital 59,322,900 59,722,900
2.Reserves 36,293,233 50,651,993
3.Un appropriated profit 51,220,512 48,705,007
4.Others 82,052,880 65,459,045
B.Total liabilities(B1 to B4) 2,004,299,813 2,258,853,562
1.Bills payable 13,837,507 11,955,779
2.Borrowings from financial institutions 145,055,893 124,270,867
3.Deposits and other accounts 1,743,412,847 2,022,529,790
4.Other/misc. liabilities 101,993,566 100,097,126
C.Total assets (C1 to C4 + C8 to C10) 2,233,189,338 2,483,392,507
1.Cash and balances with treasury banks 131,966,634 188,801,515
2.Balances with other banks 17,902,920 33,260,335
3.Lending to financial institutions 159,302,723 19,796,602
4.Investments 855,837,797 1,182,262,782
5.Gross advances 1,019,034,155 1,038,292,384
6.Advances-non-performing/classified 182,999,415 191,667,055
7.Provision against advances 132,430,368 152,178,618
8.Advances net of provision (C5-C7) 886,603,787 886,113,766
9.Fixed assets 40,133,206 41,580,057
10.Other/misc. assets 141,442,271 131,577,450
D.Profit & loss account
1.Markup/interest earned 164,176,741 167,441,335
2.Markup/interest expensed 101,720,191 93,084,605
3.Net markup/interest income 62,456,550 74,356,730
4.Provisions and write-offs 13,203,987 18,643,785
5.Net markup/interest income after provisions 49,252,563 55,712,945
6.Non-markup/interest income 35,273,042 48,308,091
7.Non-markup/interest expenses 55,372,045 58,231,526
8.Administrative expenses 52,128,437 56,524,111
9.Profit/(loss) before taxation 29,153,560 45,789,510
10.Profit/(loss) after taxation 19,704,686 27,040,089
E.Other items
1.No. of ordinary shares (000) 5,932,290 5,972,290
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 169,332,388 414,162,437
5.Commitments and contigencies 793,547,085 1,001,803,107
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 38.04% 44.41%
2.Net markup/interest margin (D1-D2)/C 0.03 2.99%
3.Return on equity (ROE) (D10/A) 13.42% 0.17
4.Return on assets (ROA) (D10/C) 0.88% 1.09%
5.Non-markup/interest income to total assets 1.58% 1.95%
6.Net markup/interest income(after prov.) to to 2.21% 2.24%
7.Markup/interest expense to markup/interest 61.96% 55.59%
8.Admin. expense to profit before tax. (D8/D9) ( 1.79 1.23
9.Non-markup/interest expense to total incom 27.76% 26.99%
10.Admin. expense to non-markup/interest inc 1.48 1.17
11.Earning per share (D10/E1) 3.32 4.53
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 6.71% 8.94%
2.Investment to total assets (C4/C) 38.32% 47.61%
3.Advances net of provisions to total assets (C8 0.40 35.68%
4.Deposits to total assets (B3/C) 78.07% 81.44%
5.Total liabilities to total assets (B/C) 89.75% 90.96%
6.Gross advances to deposits (C5/B3) 58.45% 51.34%
7.Gross advances to borrowing & deposit C5/( 53.96% 48.36%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 17.96% 18.46%
2.Provisions against NPLs to gross advances ( 0.13 14.66%
3.NPLs to shareholders equity (C6/A) 124.63% 120.48%
4.NPLs write off to NPLs provisions (D4/C7) 9.97% 12.25%
5.Provision against NPL to NPLs (C7/C6) 72.37% 0.79
I.Capital /leverage ratios
1.Capital ratio (A/C) 6.58% 6.41%
2.Commitments & contingencies to total equity ( 5.40 6.30
3.Break up value per share (A/E1) 24.75 26.64
4.Total deposit to total equity (B3/A) (times) 11.87 12.71
J.Cash flow ratio
1.Cash generated from opration activities to prof 8.59 15.32

26
 Financial Statement Analysis of Financial Sector
FIRST WOMEN BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 2,236,767 2,699,259
1.Share capital 2,494,113 2,894,113
2.Reserves 294,768 294,768
3.Un appropriated profit (552,114) (489,622)
4.Others (24,816) 133,905
B.Total liabilities(B1 to B4) 16,575,147 18,513,458
1.Bills payable 111,951 103,166
2.Borrowings from financial institutions 2,502,955 2,832,357
3.Deposits and other accounts 13,448,864 15,163,440
4.Other/misc. liabilities 511,377 414,495
C.Total assets (C1 to C4 + C8 to C10) 18,787,098 21,346,622
1.Cash and balances with treasury banks 1,195,415 1,066,852
2.Balances with other banks 508,504 170,453
3.Lending to financial institutions 0 0
4.Investments 7,300,567 11,067,137
5.Gross advances 9,401,379 9,253,381
6.Advances-non-performing/classified 1,410,920 1,894,617
7.Provision against advances 1,056,141 1,283,106
8.Advances net of provision (C5-C7) 8,345,238 7,970,275
9.Fixed assets 383,314 337,357
10.Other/misc. assets 1,054,060 734,548
D.Profit & loss account
1.Markup/interest earned 1,798,495 1,516,365
2.Markup/interest expensed 1,117,808 818,538
3.Net markup/interest income 680,687 697,827
4.Provisions and write-offs 643,663 225,239
5.Net markup/interest income after provisions 37,024 472,588
6.Non-markup/interest income 82,784 409,063
7.Non-markup/interest expenses 785,863 847,379
8.Administrative expenses 785,762 839,859
9.Profit/(loss) before taxation (666,055) 34,272
10.Profit/(loss) after taxation (499,891) 53,427
E.Other items
1.No. of ordinary shares (000) 249,411 289,411
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (1,221,207) 2,644,114
5.Commitments and contigencies 984,973 1,893,779
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 37.85% 46.02%
2.Net markup/interest margin (D1-D2)/C 3.62% 3.27%
3.Return on equity (ROE) (D10/A) -22.35% 1.98%
4.Return on assets (ROA) (D10/C) -2.66% 0.25%
5.Non-markup/interest income to total assets 0.44% 1.92%
6.Net markup/interest income(after prov.) to to 0.00 2.21%
7.Markup/interest expense to markup/interest 62.15% 53.98%
8.Admin. expense to profit before tax. (D8/D9) ( -1.18 24.51
9.Non-markup/interest expense to total incom 41.77% 44.01%
10.Admin. expense to non-markup/interest inc 9.49 2.05
11.Earning per share (D10/E1) -2.00 0.18
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 9.07% 0.06
2.Investment to total assets (C4/C) 38.86% 51.84%
3.Advances net of provisions to total assets (C8 44.42% 37.34%
4.Deposits to total assets (B3/C) 71.59% 71.03%
5.Total liabilities to total assets (B/C) 88.23% 86.73%
6.Gross advances to deposits (C5/B3) 0.70 61.02%
7.Gross advances to borrowing & deposit C5/( 58.94% 51.42%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 15.01% 20.47%
2.Provisions against NPLs to gross advances ( 11.23% 13.87%
3.NPLs to shareholders equity (C6/A) 63.08% 70.19%
4.NPLs write off to NPLs provisions (D4/C7) 60.94% 17.55%
5.Provision against NPL to NPLs (C7/C6) 74.85% 67.72%
I.Capital /leverage ratios
1.Capital ratio (A/C) 11.91% 12.64%
2.Commitments & contingencies to total equity ( 0.44 0.70
3.Break up value per share (A/E1) 8.97 9.33
4.Total deposit to total equity (B3/A) (times) 6.01 5.62
J.Cash flow ratio
1.Cash generated from opration activities to prof 2.44 49.49

27

Financial Statement Analysis of Financial Sector

NATIONAL BANK OF PAKISTAN
Items 2014 2015
A.Total equity (A1 to A3) 110,355,550 116,011,433
1.Share capital 21,275,131 21,275,131
2.Reserves 32,073,606 45,580,712
3.Un appropriated profit 57,006,813 49,155,590
4.Others 67,973,351 52,340,042
B.Total liabilities(B1 to B4) 1,364,725,416 1,538,009,908
1.Bills payable 11,011,827 9,171,616
2.Borrowings from financial institutions 37,541,497 21,911,190
3.Deposits and other accounts 1,233,525,490 1,431,036,598
4.Other/misc. liabilities 82,646,602 75,890,504
C.Total assets (C1 to C4 + C8 to C10) 1,543,054,317 1,706,361,383
1.Cash and balances with treasury banks 97,971,501 150,899,778
2.Balances with other banks 12,108,025 20,128,273
3.Lending to financial institutions 111,788,608 7,694,516
4.Investments 561,764,137 829,245,898
5.Gross advances 728,064,058 691,852,112
6.Advances-non-performing/classified 120,841,000 127,280,000
7.Provision against advances 101,359,975 113,729,952
8.Advances net of provision (C5-C7) 626,704,083 578,122,160
9.Fixed assets 30,885,076 31,057,977
10.Other/misc. assets 101,832,887 89,212,781
D.Profit & loss account
1.Markup/interest earned 114,173,519 113,661,831
2.Markup/interest expensed 68,369,504 59,940,895
3.Net markup/interest income 45,804,015 53,720,936
4.Provisions and write-offs 11,077,115 11,821,383
5.Net markup/interest income after provisions 34,726,900 41,899,553
6.Non-markup/interest income 30,377,293 34,983,427
7.Non-markup/interest expenses 43,103,450 43,667,372
8.Administrative expenses 39,967,101 42,120,439
9.Profit/(loss) before taxation 22,000,743 33,215,608
10.Profit/(loss) after taxation 15,028,229 19,218,864
E.Other items
1.No. of ordinary shares (000) 2,127,513 2,127,513
2.Cash dividend 0.00 0.75%
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 87,022,761 351,663,198
5.Commitments and contigencies 613,219,089 838,576,330
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 40.12% 47.26%
2.Net markup/interest margin (D1-D2)/C 2.97% 3.15%
3.Return on equity (ROE) (D10/A) 13.62% 16.57%
4.Return on assets (ROA) (D10/C) 0.97% 1.13%
5.Non-markup/interest income to total assets 1.97% 2.05%
6.Net markup/interest income(after prov.) to to 2.25% 2.46%
7.Markup/interest expense to markup/interest 59.88% 52.74%
8.Admin. expense to profit before tax. (D8/D9) ( 1.82 1.27
9.Non-markup/interest expense to total incom 29.82% 29.38%
10.Admin. expense to non-markup/interest inc 1.32 1.20
11.Earning per share (D10/E1) 7.06 9.03
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 7.13% 10.02%
2.Investment to total assets (C4/C) 36.41% 0.49
3.Advances net of provisions to total assets (C8 40.61% 33.88%
4.Deposits to total assets (B3/C) 79.94% 83.86%
5.Total liabilities to total assets (B/C) 88.44% 90.13%
6.Gross advances to deposits (C5/B3) 59.02% 48.35%
7.Gross advances to borrowing & deposit C5/( 57.28% 47.62%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.17 0.18
2.Provisions against NPLs to gross advances ( 13.92% 16.44%
3.NPLs to shareholders equity (C6/A) 1.10 109.71%
4.NPLs write off to NPLs provisions (D4/C7) 10.93% 10.39%
5.Provision against NPL to NPLs (C7/C6) 83.88% 89.35%
I.Capital /leverage ratios
1.Capital ratio (A/C) 7.15% 0.07
2.Commitments & contingencies to total equity ( 5.56 7.23
3.Break up value per share (A/E1) 51.87 54.53
4.Total deposit to total equity (B3/A) (times) 11.18 12.34
J.Cash flow ratio
1.Cash generated from opration activities to prof 5.79 18.30

28

Financial Statement Analysis of Financial Sector

SINDH BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 12,777,454 13,999,511
1.Share capital 10,000,000 10,000,000
2.Reserves 676,543 922,596
3.Un appropriated profit 2,100,911 3,076,915
4.Others 1,324,940 758,879
B.Total liabilities(B1 to B4) 110,769,086 113,483,725
1.Bills payable 399,591 288,681
2.Borrowings from financial institutions 46,076,636 27,160,697
3.Deposits and other accounts 61,884,036 84,076,644
4.Other/misc. liabilities 2,408,823 1,957,703
C.Total assets (C1 to C4 + C8 to C10) 124,871,480 128,242,115
1.Cash and balances with treasury banks 5,066,350 5,097,608
2.Balances with other banks 537,713 1,936,079
3.Lending to financial institutions 12,665,492 0
4.Investments 59,466,891 70,394,245
5.Gross advances 41,203,781 46,708,032
6.Advances-non-performing/classified 340,359 290,280
7.Provision against advances 19,078 2,538,943
8.Advances net of provision (C5-C7) 41,184,703 44,169,089
9.Fixed assets 1,741,637 1,826,519
10.Other/misc. assets 4,208,694 4,818,575
D.Profit & loss account
1.Markup/interest earned 8,932,332 10,127,239
2.Markup/interest expensed 5,496,985 5,684,824
3.Net markup/interest income 3,435,347 4,442,415
4.Provisions and write-offs 19,078 2,520,355
5.Net markup/interest income after provisions 3,416,269 1,922,060
6.Non-markup/interest income 956,465 3,491,838
7.Non-markup/interest expenses 2,761,048 3,362,399
8.Administrative expenses 2,740,050 3,353,026
9.Profit/(loss) before taxation 1,611,686 2,051,499
10.Profit/(loss) after taxation 1,079,479 1,230,263
E.Other items
1.No. of ordinary shares (000) 1,000,000 1,000,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 22,133,894 13,713,559
5.Commitments and contigencies 80,967,344 53,802,646
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 38.46% 43.87%
2.Net markup/interest margin (D1-D2)/C 2.75% 3.46%
3.Return on equity (ROE) (D10/A) 8.45% 8.79%
4.Return on assets (ROA) (D10/C) 0.86% 0.96%
5.Non-markup/interest income to total assets 0.77% 2.72%
6.Net markup/interest income(after prov.) to to 2.74% 0.02
7.Markup/interest expense to markup/interest 61.54% 56.13%
8.Admin. expense to profit before tax. (D8/D9) ( 1.70 1.63
9.Non-markup/interest expense to total incom 27.92% 24.69%
10.Admin. expense to non-markup/interest inc 2.86 0.96
11.Earning per share (D10/E1) 1.08 1.23
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 4.49% 5.48%
2.Investment to total assets (C4/C) 47.62% 54.89%
3.Advances net of provisions to total assets (C8 32.98% 34.44%
4.Deposits to total assets (B3/C) 49.56% 65.56%
5.Total liabilities to total assets (B/C) 88.71% 88.49%
6.Gross advances to deposits (C5/B3) 66.58% 55.55%
7.Gross advances to borrowing & deposit C5/( 38.17% 41.99%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.83% 0.62%
2.Provisions against NPLs to gross advances ( 0.05% 5.44%
3.NPLs to shareholders equity (C6/A) 2.66% 2.07%
4.NPLs write off to NPLs provisions (D4/C7) 1.00 99.27%
5.Provision against NPL to NPLs (C7/C6) 5.61% 874.65%
I.Capital /leverage ratios
1.Capital ratio (A/C) 10.23% 10.92%
2.Commitments & contingencies to total equity ( 6.34 3.84
3.Break up value per share (A/E1) 12.78 14.00
4.Total deposit to total equity (B3/A) (times) 4.84 6.01
J.Cash flow ratio
1.Cash generated from opration activities to prof 20.50 11.15

29

Financial Statement Analysis of Financial Sector

THE BANK OF KHYBER
Items 2014 2015
A.Total equity (A1 to A3) 13,210,811 13,972,998
1.Share capital 10,002,524 10,002,524
2.Reserves 1,430,231 1,788,074
3.Un appropriated profit 1,778,056 2,182,400
4.Others 1,708,761 1,944,578
B.Total liabilities(B1 to B4) 111,186,683 139,241,157
1.Bills payable 586,407 504,884
2.Borrowings from financial institutions 14,192,181 17,130,194
3.Deposits and other accounts 92,263,694 117,292,012
4.Other/misc. liabilities 4,144,401 4,314,067
C.Total assets (C1 to C4 + C8 to C10) 126,106,255 155,158,733
1.Cash and balances with treasury banks 4,110,957 5,546,796
2.Balances with other banks 2,509,508 6,513,497
3.Lending to financial institutions 2,100,000 5,988,824
4.Investments 72,431,445 95,512,456
5.Gross advances 43,242,574 40,137,147
6.Advances-non-performing/classified 4,756,683 5,132,863
7.Provision against advances 3,185,404 3,683,536
8.Advances net of provision (C5-C7) 40,057,170 36,453,611
9.Fixed assets 1,641,054 1,924,825
10.Other/misc. assets 3,256,121 3,218,724
D.Profit & loss account
1.Markup/interest earned 9,750,676 10,869,473
2.Markup/interest expensed 6,210,111 6,441,550
3.Net markup/interest income 3,540,565 4,427,923
4.Provisions and write-offs 234,645 580,542
5.Net markup/interest income after provisions 3,305,920 3,847,381
6.Non-markup/interest income 1,066,070 1,799,422
7.Non-markup/interest expenses 2,471,467 2,688,171
8.Administrative expenses 2,420,493 2,821,196
9.Profit/(loss) before taxation 1,900,523 2,958,632
10.Profit/(loss) after taxation 1,309,420 1,789,214
E.Other items
1.No. of ordinary shares (000) 1,000,252 1,000,252
2.Cash dividend 0.10 0.13
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 29,039,497 24,578,335
5.Commitments and contigencies 16,125,707 17,199,886
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 36.31% 40.74%
2.Net markup/interest margin (D1-D2)/C 2.81% 2.85%
3.Return on equity (ROE) (D10/A) 9.91% 0.13
4.Return on assets (ROA) (D10/C) 1.04% 1.15%
5.Non-markup/interest income to total assets 0.85% 1.16%
6.Net markup/interest income(after prov.) to to 2.62% 2.48%
7.Markup/interest expense to markup/interest 63.69% 59.26%
8.Admin. expense to profit before tax. (D8/D9) ( 1.27 0.95
9.Non-markup/interest expense to total incom 22.85% 21.22%
10.Admin. expense to non-markup/interest inc 2.27 1.57
11.Earning per share (D10/E1) 1.31 1.79
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 5.25% 7.77%
2.Investment to total assets (C4/C) 57.44% 61.56%
3.Advances net of provisions to total assets (C8 31.76% 23.49%
4.Deposits to total assets (B3/C) 73.16% 75.59%
5.Total liabilities to total assets (B/C) 88.17% 89.74%
6.Gross advances to deposits (C5/B3) 46.87% 34.22%
7.Gross advances to borrowing & deposit C5/( 40.62% 29.86%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.11 12.79%
2.Provisions against NPLs to gross advances ( 7.37% 9.18%
3.NPLs to shareholders equity (C6/A) 36.01% 36.73%
4.NPLs write off to NPLs provisions (D4/C7) 7.37% 15.76%
5.Provision against NPL to NPLs (C7/C6) 66.97% 71.76%
I.Capital /leverage ratios
1.Capital ratio (A/C) 10.48% 9.01%
2.Commitments & contingencies to total equity ( 1.22 1.23
3.Break up value per share (A/E1) 13.21 13.97
4.Total deposit to total equity (B3/A) (times) 6.98 8.39
J.Cash flow ratio
1.Cash generated from opration activities to prof 22.18 13.74

30
 Financial Statement Analysis of Financial Sector
THE BANK OF PUNJAB
Items 2014 2015
A.Total equity (A1 to A3) 8,256,063 12,396,699
1.Share capital 15,551,132 15,551,132
2.Reserves 1,818,085 2,065,843
3.Un appropriated profit (9,113,154) (5,220,276)
4.Others 11,070,644 10,281,641
B.Total liabilities(B1 to B4) 401,043,481 449,605,314
1.Bills payable 1,727,731 1,887,432
2.Borrowings from financial institutions 44,742,624 55,236,429
3.Deposits and other accounts 342,290,763 374,961,096
4.Other/misc. liabilities 12,282,363 17,520,357
C.Total assets (C1 to C4 + C8 to C10) 420,370,188 472,283,654
1.Cash and balances with treasury banks 23,622,411 26,190,481
2.Balances with other banks 2,239,170 4,512,033
3.Lending to financial institutions 32,748,623 6,113,262
4.Investments 154,874,757 176,043,046
5.Gross advances 197,122,363 250,341,712
6.Advances-non-performing/classified 55,650,453 57,069,295
7.Provision against advances 26,809,770 30,943,081
8.Advances net of provision (C5-C7) 170,312,593 219,398,631
9.Fixed assets 5,482,125 6,433,379
10.Other/misc. assets 31,090,509 33,592,822
D.Profit & loss account
1.Markup/interest earned 29,521,719 31,266,427
2.Markup/interest expensed 20,525,783 20,198,798
3.Net markup/interest income 8,995,936 11,067,629
4.Provisions and write-offs 1,229,486 3,496,266
5.Net markup/interest income after provisions 7,766,450 7,571,363
6.Non-markup/interest income 2,790,430 7,624,341
7.Non-markup/interest expenses 6,250,217 7,666,205
8.Administrative expenses 6,215,031 7,389,591
9.Profit/(loss) before taxation 4,306,663 7,529,499
10.Profit/(loss) after taxation 2,787,449 4,748,321
E.Other items
1.No. of ordinary shares (000) 1,555,113 1,555,113
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 32,357,443 21,563,231
5.Commitments and contigencies 82,249,972 90,330,466
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 30.47% 0.35
2.Net markup/interest margin (D1-D2)/C 2.14% 2.34%
3.Return on equity (ROE) (D10/A) 33.76% 0.38
4.Return on assets (ROA) (D10/C) 0.66% 1.01%
5.Non-markup/interest income to total assets 0.66% 1.61%
6.Net markup/interest income(after prov.) to to 1.85% 0.02
7.Markup/interest expense to markup/interest 69.53% 0.65
8.Admin. expense to profit before tax. (D8/D9) ( 1.44 0.98
9.Non-markup/interest expense to total incom 19.34% 19.71%
10.Admin. expense to non-markup/interest inc 2.23 0.97
11.Earning per share (D10/E1) 1.79 3.05
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 6.15% 0.07
2.Investment to total assets (C4/C) 36.84% 37.27%
3.Advances net of provisions to total assets (C8 40.51% 46.45%
4.Deposits to total assets (B3/C) 81.43% 79.39%
5.Total liabilities to total assets (B/C) 0.95 0.95
6.Gross advances to deposits (C5/B3) 57.59% 66.76%
7.Gross advances to borrowing & deposit C5/( 50.93% 58.19%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 28.23% 0.23
2.Provisions against NPLs to gross advances ( 0.14 12.36%
3.NPLs to shareholders equity (C6/A) 674.06% 460.36%
4.NPLs write off to NPLs provisions (D4/C7) 4.59% 0.11
5.Provision against NPL to NPLs (C7/C6) 48.18% 54.22%
I.Capital /leverage ratios
1.Capital ratio (A/C) 1.96% 2.62%
2.Commitments & contingencies to total equity ( 9.96 7.29
3.Break up value per share (A/E1) 5.31 7.97
4.Total deposit to total equity (B3/A) (times) 41.46 30.25
J.Cash flow ratio
1.Cash generated from opration activities to prof 11.61 4.54

31

Financial Statement Analysis of Financial Sector

Private Sector Banks - Overall
Items 2014 2015
A.Total equity (A1 to A3) 776,744,102 893,155,599
1.Share capital 382,637,010 428,121,383
2.Reserves 206,411,321 229,832,156
3.Un appropriated profit 187,695,771 235,202,060
4.Others 70,331,186 50,915,920
B.Total liabilities(B1 to B4) 8,501,806,598 10,150,083,509
1.Bills payable 116,231,603 129,862,472
2.Borrowings from financial institutions 746,437,816 1,485,607,897
3.Deposits and other accounts 7,353,315,316 8,218,902,120
4.Other/misc. liabilities 285,821,863 315,711,020
C.Total assets (C1 to C4 + C8 to C10) 9,348,881,887 11,094,155,028
1.Cash and balances with treasury banks 559,502,431 741,546,666
2.Balances with other banks 115,039,182 134,091,917
3.Lending to financial institutions 250,207,726 284,190,530
4.Investments 4,295,230,297 5,537,093,906
5.Gross advances 3,801,885,848 4,106,149,914
6.Advances-non-performing/classified 389,976,945 360,500,198
7.Provision against advances 330,275,992 340,823,003
8.Advances net of provision (C5-C7) 3,471,609,856 3,765,326,911
9.Fixed assets 207,200,154 218,013,494
10.Other/misc. assets 450,092,241 413,891,604
D.Profit & loss account
1.Markup/interest earned 723,759,691 769,985,200
2.Markup/interest expensed 392,432,745 376,360,382
3.Net markup/interest income 331,326,946 393,624,818
4.Provisions and write-offs 14,502,484 24,704,754
5.Net markup/interest income after provisions 316,824,462 368,920,064
6.Non-markup/interest income 121,908,296 149,518,936
7.Non-markup/interest expenses 239,320,346 263,510,529
8.Administrative expenses 232,790,911 254,730,635
9.Profit/(loss) before taxation 200,047,657 254,921,469
10.Profit/(loss) after taxation 131,701,895 153,944,082
E.Other items
1.No. of ordinary shares (000) 51,961,803 79,283,619
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 536,318,413 1,502,881,179
5.Commitments and contigencies 3,680,298,860 4,455,518,250
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 45.78% 51.12%
2.Net markup/interest margin (D1-D2)/C 3.54% 3.55%
3.Return on equity (ROE) (D10/A) 16.96% 17.24%
4.Return on assets (ROA) (D10/C) 1.41% 1.39%
5.Non-markup/interest income to total assets 0.01 1.35%
6.Net markup/interest income(after prov.) to to 3.39% 3.33%
7.Markup/interest expense to markup/interest 54.22% 48.88%
8.Admin. expense to profit before tax. (D8/D9) ( 1.16 1.00
9.Non-markup/interest expense to total incom 0.28 28.66%
10.Admin. expense to non-markup/interest inc 1.91 1.70
11.Earning per share (D10/E1) 2.53 1.94
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 7.22% 7.89%
2.Investment to total assets (C4/C) 45.94% 49.91%
3.Advances net of provisions to total assets (C8 37.13% 33.94%
4.Deposits to total assets (B3/C) 78.65% 74.08%
5.Total liabilities to total assets (B/C) 90.94% 91.49%
6.Gross advances to deposits (C5/B3) 0.52 49.96%
7.Gross advances to borrowing & deposit C5/( 46.94% 42.31%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 10.26% 8.78%
2.Provisions against NPLs to gross advances ( 8.69% 0.08
3.NPLs to shareholders equity (C6/A) 50.21% 40.36%
4.NPLs write off to NPLs provisions (D4/C7) 4.39% 7.25%
5.Provision against NPL to NPLs (C7/C6) 84.69% 94.54%
I.Capital /leverage ratios
1.Capital ratio (A/C) 8.31% 8.05%
2.Commitments & contingencies to total equity ( 4.74 4.99
3.Break up value per share (A/E1) 14.95 11.27
4.Total deposit to total equity (B3/A) (times) 9.47 9.20
J.Cash flow ratio
1.Cash generated from opration activities to prof 4.07 9.76

32

Financial Statement Analysis of Financial Sector

ALBARAKA BANK (PAKISTAN) LTD.
Items 2014 2015
A.Total equity (A1 to A3) 6,722,476 6,959,238
1.Share capital 8,935,200 8,935,200
2.Reserves 111,259 159,348
3.Un appropriated profit (2,323,983) (2,135,310)
4.Others (821,166) (686,001)
B.Total liabilities(B1 to B4) 88,447,470 80,659,273
1.Bills payable 679,810 883,698
2.Borrowings from financial institutions 2,211,568 2,108,255
3.Deposits and other accounts 80,222,579 71,644,386
4.Other/misc. liabilities 5,333,513 6,022,934
C.Total assets (C1 to C4 + C8 to C10) 94,348,780 86,932,510
1.Cash and balances with treasury banks 6,465,268 10,847,429
2.Balances with other banks 3,741,342 1,560,544
3.Lending to financial institutions 10,005,950 1,831,716
4.Investments 19,560,668 17,358,401
5.Gross advances 49,834,281 50,548,142
6.Advances-non-performing/classified 4,176,617 4,042,561
7.Provision against advances 2,811,703 2,903,452
8.Advances net of provision (C5-C7) 47,022,578 47,644,690
9.Fixed assets 2,667,194 2,671,911
10.Other/misc. assets 4,885,780 5,017,819
D.Profit & loss account
1.Markup/interest earned 6,682,974 6,269,086
2.Markup/interest expensed 4,513,250 3,790,618
3.Net markup/interest income 2,169,724 2,478,468
4.Provisions and write-offs 85,244 (125,442)
5.Net markup/interest income after provisions 2,084,480 2,603,910
6.Non-markup/interest income 726,500 656,344
7.Non-markup/interest expenses 2,594,392 2,853,645
8.Administrative expenses 2,545,583 2,848,910
9.Profit/(loss) before taxation 216,588 406,609
10.Profit/(loss) after taxation 145,923 240,446
E.Other items
1.No. of ordinary shares (000) 893,520 893,520
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (18,149,262) 1,130,706
5.Commitments and contigencies 18,906,867 15,603,136
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 32.47% 39.53%
2.Net markup/interest margin (D1-D2)/C 0.02 2.85%
3.Return on equity (ROE) (D10/A) 2.17% 3.46%
4.Return on assets (ROA) (D10/C) 0.15% 0.28%
5.Non-markup/interest income to total assets 0.77% 0.76%
6.Net markup/interest income(after prov.) to to 2.21% 0.03
7.Markup/interest expense to markup/interest 67.53% 60.47%
8.Admin. expense to profit before tax. (D8/D9) ( 11.75 7.01
9.Non-markup/interest expense to total incom 35.01% 41.21%
10.Admin. expense to non-markup/interest inc 3.50 4.34
11.Earning per share (D10/E1) 0.16 0.27
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 10.82% 14.27%
2.Investment to total assets (C4/C) 20.73% 19.97%
3.Advances net of provisions to total assets (C8 49.84% 54.81%
4.Deposits to total assets (B3/C) 85.03% 82.41%
5.Total liabilities to total assets (B/C) 93.75% 92.78%
6.Gross advances to deposits (C5/B3) 62.12% 70.55%
7.Gross advances to borrowing & deposit C5/( 60.45% 68.54%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 8.38% 0.08
2.Provisions against NPLs to gross advances ( 5.64% 5.74%
3.NPLs to shareholders equity (C6/A) 62.13% 58.09%
4.NPLs write off to NPLs provisions (D4/C7) 3.03% -4.32%
5.Provision against NPL to NPLs (C7/C6) 67.32% 71.82%
I.Capital /leverage ratios
1.Capital ratio (A/C) 7.13% 8.01%
2.Commitments & contingencies to total equity ( 2.81 2.24
3.Break up value per share (A/E1) 7.52 7.79
4.Total deposit to total equity (B3/A) (times) 11.93 10.29
J.Cash flow ratio
1.Cash generated from opration activities to prof -124.38 4.70

33

Financial Statement Analysis of Financial Sector

ALLIED BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 62,053,785 67,968,647
1.Share capital 11,450,739 11,450,739
2.Reserves 13,549,355 15,102,026
3.Un appropriated profit 37,053,691 41,415,882
4.Others 18,836,540 21,287,810
B.Total liabilities(B1 to B4) 761,378,802 902,409,055
1.Bills payable 4,831,801 4,942,189
2.Borrowings from financial institutions 66,096,472 137,959,818
3.Deposits and other accounts 667,877,615 734,596,166
4.Other/misc. liabilities 22,572,914 24,910,882
C.Total assets (C1 to C4 + C8 to C10) 842,269,127 991,665,512
1.Cash and balances with treasury banks 41,254,975 56,711,573
2.Balances with other banks 873,494 4,077,598
3.Lending to financial institutions 2,030,062 3,356,091
4.Investments 428,790,733 544,349,490
5.Gross advances 325,824,966 340,769,406
6.Advances-non-performing/classified 22,921,542 21,903,729
7.Provision against advances 19,810,564 19,164,266
8.Advances net of provision (C5-C7) 306,014,402 321,605,140
9.Fixed assets 26,285,358 28,062,325
10.Other/misc. assets 37,020,103 33,503,295
D.Profit & loss account
1.Markup/interest earned 67,001,497 72,116,230
2.Markup/interest expensed 38,815,342 35,976,740
3.Net markup/interest income 28,186,155 36,139,490
4.Provisions and write-offs 1,609,307 1,524,368
5.Net markup/interest income after provisions 26,576,848 34,615,122
6.Non-markup/interest income 12,735,754 9,755,138
7.Non-markup/interest expenses 17,110,845 18,866,880
8.Administrative expenses 16,961,650 18,175,080
9.Profit/(loss) before taxation 22,201,757 25,503,380
10.Profit/(loss) after taxation 15,015,092 15,120,307
E.Other items
1.No. of ordinary shares (000) 1,145,074 1,145,074
2.Cash dividend 0.65% 0.01
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 57,504,209 148,505,002
5.Commitments and contigencies 201,128,218 281,449,528
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 42.07% 50.11%
2.Net markup/interest margin (D1-D2)/C 3.35% 3.64%
3.Return on equity (ROE) (D10/A) 0.24 22.25%
4.Return on assets (ROA) (D10/C) 1.78% 1.52%
5.Non-markup/interest income to total assets 1.51% 0.98%
6.Net markup/interest income(after prov.) to to 3.16% 3.49%
7.Markup/interest expense to markup/interest 57.93% 49.89%
8.Admin. expense to profit before tax. (D8/D9) ( 0.76 0.71
9.Non-markup/interest expense to total incom 21.46% 23.04%
10.Admin. expense to non-markup/interest inc 1.33 1.86
11.Earning per share (D10/E1) 13.11 13.20
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 0.05 6.13%
2.Investment to total assets (C4/C) 50.91% 54.89%
3.Advances net of provisions to total assets (C8 36.33% 32.43%
4.Deposits to total assets (B3/C) 0.79 74.08%
5.Total liabilities to total assets (B/C) 0.90 0.91
6.Gross advances to deposits (C5/B3) 48.79% 46.39%
7.Gross advances to borrowing & deposit C5/( 44.39% 39.05%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 7.03% 6.43%
2.Provisions against NPLs to gross advances ( 6.08% 5.62%
3.NPLs to shareholders equity (C6/A) 36.94% 32.23%
4.NPLs write off to NPLs provisions (D4/C7) 8.12% 7.95%
5.Provision against NPL to NPLs (C7/C6) 86.43% 87.49%
I.Capital /leverage ratios
1.Capital ratio (A/C) 7.37% 6.85%
2.Commitments & contingencies to total equity ( 3.24 4.14
3.Break up value per share (A/E1) 54.19 59.36
4.Total deposit to total equity (B3/A) (times) 10.76 10.81
J.Cash flow ratio
1.Cash generated from opration activities to prof 3.83 9.82

34

Financial Statement Analysis of Financial Sector

ASKARI BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 19,288,563 21,811,804
1.Share capital 12,602,602 12,602,602
2.Reserves 4,823,738 6,445,888
3.Un appropriated profit 1,862,223 2,763,314
4.Others 4,418,498 5,041,139
B.Total liabilities(B1 to B4) 423,375,484 509,013,771
1.Bills payable 6,855,020 6,094,885
2.Borrowings from financial institutions 13,742,030 57,323,250
3.Deposits and other accounts 387,586,620 433,172,205
4.Other/misc. liabilities 15,191,814 12,423,431
C.Total assets (C1 to C4 + C8 to C10) 447,082,545 535,866,714
1.Cash and balances with treasury banks 19,130,113 29,685,228
2.Balances with other banks 7,068,111 8,295,724
3.Lending to financial institutions 3,427,753 812,898
4.Investments 217,214,247 268,020,706
5.Gross advances 198,846,359 228,412,998
6.Advances-non-performing/classified 31,375,729 31,483,717
7.Provision against advances 28,169,065 28,482,186
8.Advances net of provision (C5-C7) 170,677,294 199,930,812
9.Fixed assets 7,194,218 8,252,112
10.Other/misc. assets 22,370,809 20,869,234
D.Profit & loss account
1.Markup/interest earned 34,604,210 36,592,093
2.Markup/interest expensed 22,710,924 21,690,386
3.Net markup/interest income 11,893,286 14,901,707
4.Provisions and write-offs 321,978 879,052
5.Net markup/interest income after provisions 11,571,308 14,022,655
6.Non-markup/interest income 5,434,449 6,689,588
7.Non-markup/interest expenses 11,224,344 12,280,547
8.Administrative expenses 11,051,692 12,014,237
9.Profit/(loss) before taxation 5,781,413 8,431,696
10.Profit/(loss) after taxation 4,014,932 5,043,419
E.Other items
1.No. of ordinary shares (000) 1,260,260 1,260,260
2.Cash dividend 0.00 0.23%
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 36,638,777 67,461,002
5.Commitments and contigencies 243,162,362 284,957,437
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 34.37% 40.72%
2.Net markup/interest margin (D1-D2)/C 2.66% 2.78%
3.Return on equity (ROE) (D10/A) 20.82% 23.12%
4.Return on assets (ROA) (D10/C) 0.01 0.94%
5.Non-markup/interest income to total assets 1.22% 1.25%
6.Net markup/interest income(after prov.) to to 2.59% 2.62%
7.Markup/interest expense to markup/interest 65.63% 59.28%
8.Admin. expense to profit before tax. (D8/D9) ( 1.91 1.42
9.Non-markup/interest expense to total incom 28.03% 28.37%
10.Admin. expense to non-markup/interest inc 2.03 1.80
11.Earning per share (D10/E1) 3.19 4.00
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 5.86% 7.09%
2.Investment to total assets (C4/C) 48.58% 50.02%
3.Advances net of provisions to total assets (C8 38.18% 37.31%
4.Deposits to total assets (B3/C) 86.69% 80.84%
5.Total liabilities to total assets (B/C) 0.95 94.99%
6.Gross advances to deposits (C5/B3) 0.51 52.73%
7.Gross advances to borrowing & deposit C5/( 49.55% 46.57%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 15.78% 13.78%
2.Provisions against NPLs to gross advances ( 14.17% 12.47%
3.NPLs to shareholders equity (C6/A) 162.66% 144.34%
4.NPLs write off to NPLs provisions (D4/C7) 1.14% 3.09%
5.Provision against NPL to NPLs (C7/C6) 89.78% 90.47%
I.Capital /leverage ratios
1.Capital ratio (A/C) 4.31% 4.07%
2.Commitments & contingencies to total equity ( 12.61 13.06
3.Break up value per share (A/E1) 15.31 17.31
4.Total deposit to total equity (B3/A) (times) 20.09 19.86
J.Cash flow ratio
1.Cash generated from opration activities to prof 9.13 13.38

35

Financial Statement Analysis of Financial Sector

BANK AL-HABIB LTD.
Items 2014 2015
A.Total equity (A1 to A3) 27,554,655 31,697,833
1.Share capital 11,114,254 11,114,254
2.Reserves 8,760,911 10,329,659
3.Un appropriated profit 7,679,490 10,253,920
4.Others 5,073,696 6,158,825
B.Total liabilities(B1 to B4) 546,765,286 602,116,556
1.Bills payable 7,984,808 8,665,462
2.Borrowings from financial institutions 78,455,452 62,592,299
3.Deposits and other accounts 446,409,004 516,213,178
4.Other/misc. liabilities 13,916,022 14,645,617
C.Total assets (C1 to C4 + C8 to C10) 579,393,637 639,973,214
1.Cash and balances with treasury banks 34,201,813 38,577,738
2.Balances with other banks 4,345,042 3,185,669
3.Lending to financial institutions 0 3,992,794
4.Investments 331,422,572 356,649,003
5.Gross advances 188,353,082 215,702,258
6.Advances-non-performing/classified 5,024,778 5,874,374
7.Provision against advances 6,615,999 8,413,650
8.Advances net of provision (C5-C7) 181,737,083 207,288,608
9.Fixed assets 13,800,576 15,704,852
10.Other/misc. assets 13,886,551 14,574,550
D.Profit & loss account
1.Markup/interest earned 44,001,196 50,293,226
2.Markup/interest expensed 24,936,885 25,476,349
3.Net markup/interest income 19,064,311 24,816,877
4.Provisions and write-offs 552,989 1,960,305
5.Net markup/interest income after provisions 18,511,322 22,856,572
6.Non-markup/interest income 3,807,692 4,510,866
7.Non-markup/interest expenses 12,401,900 15,035,779
8.Administrative expenses 12,189,767 14,695,040
9.Profit/(loss) before taxation 9,917,114 12,331,659
10.Profit/(loss) after taxation 6,348,942 7,404,912
E.Other items
1.No. of ordinary shares (000) 1,111,425 1,111,425
2.Cash dividend 0.00 0.35%
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 98,100,879 33,435,231
5.Commitments and contigencies 180,939,305 221,068,712
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 43.33% 49.34%
2.Net markup/interest margin (D1-D2)/C 3.29% 3.88%
3.Return on equity (ROE) (D10/A) 23.04% 23.36%
4.Return on assets (ROA) (D10/C) 0.01 1.16%
5.Non-markup/interest income to total assets 0.66% 0.01
6.Net markup/interest income(after prov.) to to 3.19% 3.57%
7.Markup/interest expense to markup/interest 56.67% 50.66%
8.Admin. expense to profit before tax. (D8/D9) ( 1.23 1.19
9.Non-markup/interest expense to total incom 25.94% 27.44%
10.Admin. expense to non-markup/interest inc 3.20 3.26
11.Earning per share (D10/E1) 5.71 6.66
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 6.65% 6.53%
2.Investment to total assets (C4/C) 0.57 55.73%
3.Advances net of provisions to total assets (C8 31.37% 32.39%
4.Deposits to total assets (B3/C) 77.05% 80.66%
5.Total liabilities to total assets (B/C) 94.37% 94.08%
6.Gross advances to deposits (C5/B3) 42.19% 41.79%
7.Gross advances to borrowing & deposit C5/( 35.89% 37.27%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 2.67% 2.72%
2.Provisions against NPLs to gross advances ( 3.51% 0.04
3.NPLs to shareholders equity (C6/A) 18.24% 18.53%
4.NPLs write off to NPLs provisions (D4/C7) 8.36% 0.23
5.Provision against NPL to NPLs (C7/C6) 131.67% 143.23%
I.Capital /leverage ratios
1.Capital ratio (A/C) 4.76% 4.95%
2.Commitments & contingencies to total equity ( 6.57 6.97
3.Break up value per share (A/E1) 24.79 28.52
4.Total deposit to total equity (B3/A) (times) 16.20 16.29
J.Cash flow ratio
1.Cash generated from opration activities to prof 15.45 4.52

36

Financial Statement Analysis of Financial Sector

BANK ALFALAH LTD.
Items 2014 2015
A.Total equity (A1 to A3) 37,823,827 42,424,778
1.Share capital 15,872,427 15,898,062
2.Reserves 12,338,026 14,164,120
3.Un appropriated profit 9,613,374 12,362,596
4.Others 6,995,241 10,928,397
B.Total liabilities(B1 to B4) 698,309,225 849,254,346
1.Bills payable 11,758,155 9,733,929
2.Borrowings from financial institutions 55,232,916 172,393,198
3.Deposits and other accounts 605,963,224 640,188,735
4.Other/misc. liabilities 25,354,930 26,938,484
C.Total assets (C1 to C4 + C8 to C10) 743,128,293 902,607,521
1.Cash and balances with treasury banks 50,515,643 62,368,790
2.Balances with other banks 12,331,713 16,552,207
3.Lending to financial institutions 18,313,485 27,626,350
4.Investments 324,319,454 423,099,734
5.Gross advances 304,848,047 350,351,198
6.Advances-non-performing/classified 19,412,000 18,455,000
7.Provision against advances 14,250,810 16,192,459
8.Advances net of provision (C5-C7) 290,597,237 334,158,739
9.Fixed assets 14,962,088 16,202,597
10.Other/misc. assets 32,088,673 22,599,104
D.Profit & loss account
1.Markup/interest earned 55,378,477 61,437,872
2.Markup/interest expensed 33,505,003 32,810,722
3.Net markup/interest income 21,873,474 28,627,150
4.Provisions and write-offs 1,533,833 2,286,900
5.Net markup/interest income after provisions 20,339,641 26,340,250
6.Non-markup/interest income 8,875,817 8,861,555
7.Non-markup/interest expenses 20,701,892 22,597,735
8.Administrative expenses 20,100,591 21,956,115
9.Profit/(loss) before taxation 8,513,566 12,604,070
10.Profit/(loss) after taxation 5,640,851 7,522,810
E.Other items
1.No. of ordinary shares (000) 1,587,243 1,589,806
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 51,771,824 103,242,608
5.Commitments and contigencies 279,491,742 472,718,666
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.40 0.47
2.Net markup/interest margin (D1-D2)/C 2.94% 3.17%
3.Return on equity (ROE) (D10/A) 14.91% 17.73%
4.Return on assets (ROA) (D10/C) 0.76% 0.83%
5.Non-markup/interest income to total assets 1.19% 0.98%
6.Net markup/interest income(after prov.) to to 2.74% 2.92%
7.Markup/interest expense to markup/interest 0.61 0.53
8.Admin. expense to profit before tax. (D8/D9) ( 2.36 1.74
9.Non-markup/interest expense to total incom 32.22% 32.14%
10.Admin. expense to non-markup/interest inc 2.26 2.48
11.Earning per share (D10/E1) 3.55 4.73
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 8.46% 8.74%
2.Investment to total assets (C4/C) 43.64% 46.88%
3.Advances net of provisions to total assets (C8 0.39 37.02%
4.Deposits to total assets (B3/C) 81.54% 70.93%
5.Total liabilities to total assets (B/C) 93.97% 94.09%
6.Gross advances to deposits (C5/B3) 50.31% 54.73%
7.Gross advances to borrowing & deposit C5/( 46.11% 43.12%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 6.37% 5.27%
2.Provisions against NPLs to gross advances ( 4.67% 4.62%
3.NPLs to shareholders equity (C6/A) 51.32% 0.44
4.NPLs write off to NPLs provisions (D4/C7) 10.76% 14.12%
5.Provision against NPL to NPLs (C7/C6) 73.41% 87.74%
I.Capital /leverage ratios
1.Capital ratio (A/C) 5.09% 0.05
2.Commitments & contingencies to total equity ( 7.39 11.14
3.Break up value per share (A/E1) 23.83 26.69
4.Total deposit to total equity (B3/A) (times) 16.02 15.09
J.Cash flow ratio
1.Cash generated from opration activities to prof 9.18 13.72

37
 Financial Statement Analysis of Financial Sector
BANKISLAMI PAKISTAN LTD.
Items 2014 2015
A.Total equity (A1 to A3) 6,219,801 10,351,802
1.Share capital 5,758,721 10,079,121
2.Reserves 194,134 272,681
3.Un appropriated profit 266,946 0
4.Others 647,419 834,468
B.Total liabilities(B1 to B4) 95,116,929 163,044,475
1.Bills payable 918,435 1,523,933
2.Borrowings from financial institutions 561,000 3,197,770
3.Deposits and other accounts 90,330,997 153,058,102
4.Other/misc. liabilities 3,306,497 5,264,670
C.Total assets (C1 to C4 + C8 to C10) 101,984,149 174,230,745
1.Cash and balances with treasury banks 6,361,444 9,035,886
2.Balances with other banks 733,523 1,780,710
3.Lending to financial institutions 18,143,574 39,824,221
4.Investments 30,654,552 35,885,958
5.Gross advances 41,698,116 82,361,147
6.Advances-non-performing/classified 1,061,929 15,230,980
7.Provision against advances 601,058 13,652,099
8.Advances net of provision (C5-C7) 41,097,058 68,709,048
9.Fixed assets 3,340,971 2,525,949
10.Other/misc. assets 1,653,027 16,468,973
D.Profit & loss account
1.Markup/interest earned 7,812,302 8,834,160
2.Markup/interest expensed 4,459,070 5,118,822
3.Net markup/interest income 3,353,232 3,715,338
4.Provisions and write-offs 17,407 (630,724)
5.Net markup/interest income after provisions 3,335,825 4,346,062
6.Non-markup/interest income 631,936 570,028
7.Non-markup/interest expenses 3,498,039 5,188,477
8.Administrative expenses 3,462,351 5,037,198
9.Profit/(loss) before taxation 469,722 (272,387)
10.Profit/(loss) after taxation 313,650 (196,004)
E.Other items
1.No. of ordinary shares (000) 575,872 1,007,912
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 809,455 (28,172,106)
5.Commitments and contigencies 9,347,239 24,213,464
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 42.92% 42.06%
2.Net markup/interest margin (D1-D2)/C 3.29% 2.13%
3.Return on equity (ROE) (D10/A) 5.04% -1.89%
4.Return on assets (ROA) (D10/C) 0.31% -0.11%
5.Non-markup/interest income to total assets 0.62% 0.33%
6.Net markup/interest income(after prov.) to to 3.27% 2.49%
7.Markup/interest expense to markup/interest 57.08% 57.94%
8.Admin. expense to profit before tax. (D8/D9) ( 7.37 -18.49
9.Non-markup/interest expense to total incom 41.43% 55.17%
10.Admin. expense to non-markup/interest inc 5.48 8.84
11.Earning per share (D10/E1) 0.54 -0.19
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 6.96% 6.21%
2.Investment to total assets (C4/C) 30.06% 0.21
3.Advances net of provisions to total assets (C8 0.40 39.44%
4.Deposits to total assets (B3/C) 88.57% 87.85%
5.Total liabilities to total assets (B/C) 93.27% 93.58%
6.Gross advances to deposits (C5/B3) 46.16% 53.81%
7.Gross advances to borrowing & deposit C5/( 45.88% 52.71%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 2.55% 18.49%
2.Provisions against NPLs to gross advances ( 1.44% 16.58%
3.NPLs to shareholders equity (C6/A) 17.07% 147.13%
4.NPLs write off to NPLs provisions (D4/C7) 0.03 -4.62%
5.Provision against NPL to NPLs (C7/C6) 0.57 89.63%
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.06 5.94%
2.Commitments & contingencies to total equity ( 1.50 2.34
3.Break up value per share (A/E1) 10.80 10.27
4.Total deposit to total equity (B3/A) (times) 14.52 14.79
J.Cash flow ratio
1.Cash generated from opration activities to prof 2.58 143.73

38

Financial Statement Analysis of Financial Sector

DUBAI ISLAMIC BANK PAKISTAN LTD.
Items 2014 2015
A.Total equity (A1 to A3) 7,530,265 7,962,751
1.Share capital 6,976,030 6,976,030
2.Reserves 147,475 233,586
3.Un appropriated profit 406,760 753,135
4.Others (91,184) 12,916
B.Total liabilities(B1 to B4) 94,113,918 149,155,515
1.Bills payable 1,250,385 1,552,219
2.Borrowings from financial institutions 3,567,342 4,551,920
3.Deposits and other accounts 83,844,395 136,743,457
4.Other/misc. liabilities 5,451,796 6,307,919
C.Total assets (C1 to C4 + C8 to C10) 101,552,999 157,131,182
1.Cash and balances with treasury banks 10,480,052 14,183,630
2.Balances with other banks 529,277 3,869,403
3.Lending to financial institutions 10,147,169 6,418,697
4.Investments 18,258,604 23,822,256
5.Gross advances 60,350,331 106,650,974
6.Advances-non-performing/classified 2,368,756 2,211,992
7.Provision against advances 1,510,051 1,697,337
8.Advances net of provision (C5-C7) 58,840,280 104,953,637
9.Fixed assets 1,751,032 1,842,705
10.Other/misc. assets 1,546,585 2,040,854
D.Profit & loss account
1.Markup/interest earned 7,523,271 8,725,646
2.Markup/interest expensed 3,433,969 4,091,219
3.Net markup/interest income 4,089,302 4,634,427
4.Provisions and write-offs 291,528 187,286
5.Net markup/interest income after provisions 3,797,774 4,447,141
6.Non-markup/interest income 1,116,990 1,274,455
7.Non-markup/interest expenses 3,989,233 5,009,874
8.Administrative expenses 3,972,258 4,987,933
9.Profit/(loss) before taxation 925,531 711,722
10.Profit/(loss) after taxation 600,513 430,555
E.Other items
1.No. of ordinary shares (000) 697,603 697,603
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (5,389,925) 7,475,459
5.Commitments and contigencies 20,122,810 51,155,783
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 54.36% 53.11%
2.Net markup/interest margin (D1-D2)/C 4.03% 2.95%
3.Return on equity (ROE) (D10/A) 7.97% 5.41%
4.Return on assets (ROA) (D10/C) 0.59% 0.27%
5.Non-markup/interest income to total assets 0.01 0.81%
6.Net markup/interest income(after prov.) to to 3.74% 2.83%
7.Markup/interest expense to markup/interest 45.64% 46.89%
8.Admin. expense to profit before tax. (D8/D9) ( 4.29 7.01
9.Non-markup/interest expense to total incom 46.17% 0.50
10.Admin. expense to non-markup/interest inc 3.56 3.91
11.Earning per share (D10/E1) 0.86 0.62
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 10.84% 11.49%
2.Investment to total assets (C4/C) 17.98% 15.16%
3.Advances net of provisions to total assets (C8 57.94% 66.79%
4.Deposits to total assets (B3/C) 82.56% 87.03%
5.Total liabilities to total assets (B/C) 92.67% 94.92%
6.Gross advances to deposits (C5/B3) 71.98% 77.99%
7.Gross advances to borrowing & deposit C5/( 69.04% 75.48%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 3.93% 2.07%
2.Provisions against NPLs to gross advances ( 0.03 1.59%
3.NPLs to shareholders equity (C6/A) 31.46% 27.78%
4.NPLs write off to NPLs provisions (D4/C7) 19.31% 11.03%
5.Provision against NPL to NPLs (C7/C6) 63.75% 76.73%
I.Capital /leverage ratios
1.Capital ratio (A/C) 7.42% 5.07%
2.Commitments & contingencies to total equity ( 2.67 6.42
3.Break up value per share (A/E1) 10.79 11.41
4.Total deposit to total equity (B3/A) (times) 11.13 17.17
J.Cash flow ratio
1.Cash generated from opration activities to prof -8.98 17.36

39

Financial Statement Analysis of Financial Sector

FAYSAL BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 21,832,218 26,058,692
1.Share capital 10,432,697 11,997,601
2.Reserves 5,703,155 6,422,761
3.Un appropriated profit 5,696,366 7,638,330
4.Others 4,470,358 4,293,781
B.Total liabilities(B1 to B4) 361,823,208 399,720,387
1.Bills payable 5,347,774 6,009,238
2.Borrowings from financial institutions 60,926,863 90,565,242
3.Deposits and other accounts 283,345,739 292,130,258
4.Other/misc. liabilities 12,202,832 11,015,649
C.Total assets (C1 to C4 + C8 to C10) 388,125,784 430,072,860
1.Cash and balances with treasury banks 20,285,851 26,084,007
2.Balances with other banks 1,422,699 1,068,451
3.Lending to financial institutions 0 250,000
4.Investments 155,210,513 195,515,642
5.Gross advances 204,676,072 205,624,023
6.Advances-non-performing/classified 29,293,000 30,328,854
7.Provision against advances 23,451,267 24,534,219
8.Advances net of provision (C5-C7) 181,224,805 181,089,804
9.Fixed assets 9,254,474 9,439,875
10.Other/misc. assets 20,727,442 16,625,081
D.Profit & loss account
1.Markup/interest earned 32,312,633 32,312,553
2.Markup/interest expensed 18,480,191 18,357,971
3.Net markup/interest income 13,832,442 13,954,582
4.Provisions and write-offs 2,358,837 1,425,538
5.Net markup/interest income after provisions 11,473,605 12,529,044
6.Non-markup/interest income 4,374,169 5,564,340
7.Non-markup/interest expenses 12,295,989 11,166,305
8.Administrative expenses 12,162,034 10,591,053
9.Profit/(loss) before taxation 3,551,785 6,920,077
10.Profit/(loss) after taxation 2,476,959 4,222,364
E.Other items
1.No. of ordinary shares (000) 1,043,270 1,199,760
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 13,478,745 67,213,659
5.Commitments and contigencies 168,115,340 151,143,471
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 42.81% 43.19%
2.Net markup/interest margin (D1-D2)/C 3.56% 3.24%
3.Return on equity (ROE) (D10/A) 11.35% 0.16
4.Return on assets (ROA) (D10/C) 0.64% 0.98%
5.Non-markup/interest income to total assets 1.13% 1.29%
6.Net markup/interest income(after prov.) to to 2.96% 2.91%
7.Markup/interest expense to markup/interest 57.19% 56.81%
8.Admin. expense to profit before tax. (D8/D9) ( 3.42 1.53
9.Non-markup/interest expense to total incom 33.52% 29.48%
10.Admin. expense to non-markup/interest inc 2.78 1.90
11.Earning per share (D10/E1) 2.37 3.52
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 5.59% 6.31%
2.Investment to total assets (C4/C) 39.99% 45.46%
3.Advances net of provisions to total assets (C8 46.69% 42.11%
4.Deposits to total assets (B3/C) 0.73 67.93%
5.Total liabilities to total assets (B/C) 93.22% 92.94%
6.Gross advances to deposits (C5/B3) 72.24% 70.39%
7.Gross advances to borrowing & deposit C5/( 59.45% 53.73%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 14.31% 14.75%
2.Provisions against NPLs to gross advances ( 11.46% 11.93%
3.NPLs to shareholders equity (C6/A) 134.17% 116.39%
4.NPLs write off to NPLs provisions (D4/C7) 10.06% 5.81%
5.Provision against NPL to NPLs (C7/C6) 80.06% 80.89%
I.Capital /leverage ratios
1.Capital ratio (A/C) 5.63% 6.06%
2.Commitments & contingencies to total equity ( 7.70 5.80
3.Break up value per share (A/E1) 20.93 21.72
4.Total deposit to total equity (B3/A) (times) 12.98 11.21
J.Cash flow ratio
1.Cash generated from opration activities to prof 5.44 15.92

40

Financial Statement Analysis of Financial Sector

HABIB BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 137,081,200 149,156,407
1.Share capital 14,668,525 14,668,525
2.Reserves 40,704,933 44,553,993
3.Un appropriated profit 81,707,742 89,933,889
4.Others 20,786,445 22,695,244
B.Total liabilities(B1 to B4) 1,611,328,609 1,953,058,056
1.Bills payable 21,955,683 27,942,101
2.Borrowings from financial institutions 99,630,517 314,485,132
3.Deposits and other accounts 1,447,215,445 1,558,310,675
4.Other/misc. liabilities 42,526,964 52,320,148
C.Total assets (C1 to C4 + C8 to C10) 1,769,196,254 2,124,909,707
1.Cash and balances with treasury banks 122,271,268 154,303,383
2.Balances with other banks 53,025,792 29,428,453
3.Lending to financial institutions 34,313,560 18,381,633
4.Investments 897,573,967 1,236,415,888
5.Gross advances 616,244,798 666,372,114
6.Advances-non-performing/classified 68,535,255 68,949,121
7.Provision against advances 60,850,286 60,735,843
8.Advances net of provision (C5-C7) 555,394,512 605,636,271
9.Fixed assets 24,031,198 28,363,131
10.Other/misc. assets 82,585,957 52,380,948
D.Profit & loss account
1.Markup/interest earned 135,747,879 139,360,273
2.Markup/interest expensed 68,498,443 62,598,872
3.Net markup/interest income 67,249,436 76,761,401
4.Provisions and write-offs 462,435 4,335,008
5.Net markup/interest income after provisions 66,787,001 72,426,393
6.Non-markup/interest income 19,607,063 32,266,316
7.Non-markup/interest expenses 39,519,373 47,290,941
8.Administrative expenses 38,254,838 45,737,572
9.Profit/(loss) before taxation 46,874,691 57,401,768
10.Profit/(loss) after taxation 31,112,521 35,470,458
E.Other items
1.No. of ordinary shares (000) 9,963,052 31,448,513
2.Cash dividend 0.01 0.01
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 99,721,119 346,701,985
5.Commitments and contigencies 586,532,937 628,227,343
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 49.54% 55.08%
2.Net markup/interest margin (D1-D2)/C 0.04 3.61%
3.Return on equity (ROE) (D10/A) 0.23 23.78%
4.Return on assets (ROA) (D10/C) 1.76% 1.67%
5.Non-markup/interest income to total assets 1.11% 1.52%
6.Net markup/interest income(after prov.) to to 3.77% 3.41%
7.Markup/interest expense to markup/interest 50.46% 44.92%
8.Admin. expense to profit before tax. (D8/D9) ( 0.82 0.80
9.Non-markup/interest expense to total incom 25.44% 27.55%
10.Admin. expense to non-markup/interest inc 1.95 1.42
11.Earning per share (D10/E1) 3.12 1.13
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 9.91% 8.65%
2.Investment to total assets (C4/C) 50.73% 58.19%
3.Advances net of provisions to total assets (C8 31.39% 0.29
4.Deposits to total assets (B3/C) 0.82 73.34%
5.Total liabilities to total assets (B/C) 91.08% 91.91%
6.Gross advances to deposits (C5/B3) 42.58% 42.76%
7.Gross advances to borrowing & deposit C5/( 39.84% 35.58%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 11.12% 10.35%
2.Provisions against NPLs to gross advances ( 9.87% 9.11%
3.NPLs to shareholders equity (C6/A) 0.50 46.23%
4.NPLs write off to NPLs provisions (D4/C7) 0.76% 7.14%
5.Provision against NPL to NPLs (C7/C6) 88.79% 88.09%
I.Capital /leverage ratios
1.Capital ratio (A/C) 7.75% 7.02%
2.Commitments & contingencies to total equity ( 4.28 4.21
3.Break up value per share (A/E1) 13.76 4.74
4.Total deposit to total equity (B3/A) (times) 10.56 10.45
J.Cash flow ratio
1.Cash generated from opration activities to prof 3.21 9.77

41

Financial Statement Analysis of Financial Sector

HABIB METROPOLITAN BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 30,200,254 33,119,958
1.Share capital 10,478,315 10,478,315
2.Reserves 11,178,823 12,710,010
3.Un appropriated profit 8,543,116 9,931,633
4.Others 4,550,448 3,707,846
B.Total liabilities(B1 to B4) 362,629,380 453,051,304
1.Bills payable 5,201,482 6,344,461
2.Borrowings from financial institutions 24,883,982 31,462,822
3.Deposits and other accounts 320,023,460 403,354,957
4.Other/misc. liabilities 12,520,456 11,889,064
C.Total assets (C1 to C4 + C8 to C10) 397,380,082 489,879,108
1.Cash and balances with treasury banks 18,640,853 30,645,728
2.Balances with other banks 1,869,735 13,806,513
3.Lending to financial institutions 3,408,776 14,444,641
4.Investments 221,761,162 281,134,589
5.Gross advances 150,739,188 150,076,425
6.Advances-non-performing/classified 19,325,134 18,486,982
7.Provision against advances 15,988,542 17,429,586
8.Advances net of provision (C5-C7) 134,750,646 132,646,839
9.Fixed assets 3,024,588 3,124,779
10.Other/misc. assets 13,924,322 14,076,019
D.Profit & loss account
1.Markup/interest earned 32,272,905 36,850,013
2.Markup/interest expensed 21,085,545 22,466,055
3.Net markup/interest income 11,187,360 14,383,958
4.Provisions and write-offs 1,778,579 2,225,962
5.Net markup/interest income after provisions 9,408,781 12,157,996
6.Non-markup/interest income 5,710,723 9,181,740
7.Non-markup/interest expenses 7,807,184 8,800,825
8.Administrative expenses 7,352,918 8,445,940
9.Profit/(loss) before taxation 7,312,320 12,538,911
10.Profit/(loss) after taxation 4,926,560 7,655,933
E.Other items
1.No. of ordinary shares (000) 2,488,398 3,146,282
2.Cash dividend 0.25% 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 71,245,077 101,654,679
5.Commitments and contigencies 298,147,723 260,587,394
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 34.66% 39.03%
2.Net markup/interest margin (D1-D2)/C 2.82% 2.94%
3.Return on equity (ROE) (D10/A) 16.31% 23.12%
4.Return on assets (ROA) (D10/C) 1.24% 1.56%
5.Non-markup/interest income to total assets 1.44% 1.87%
6.Net markup/interest income(after prov.) to to 2.37% 2.48%
7.Markup/interest expense to markup/interest 65.34% 60.97%
8.Admin. expense to profit before tax. (D8/D9) ( 1.01 0.67
9.Non-markup/interest expense to total incom 20.55% 19.12%
10.Admin. expense to non-markup/interest inc 1.29 0.92
11.Earning per share (D10/E1) 1.98 2.43
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 5.16% 9.07%
2.Investment to total assets (C4/C) 55.81% 57.39%
3.Advances net of provisions to total assets (C8 33.91% 27.08%
4.Deposits to total assets (B3/C) 80.53% 82.34%
5.Total liabilities to total assets (B/C) 91.26% 92.48%
6.Gross advances to deposits (C5/B3) 0.47 37.21%
7.Gross advances to borrowing & deposit C5/( 0.44 34.51%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 12.82% 12.32%
2.Provisions against NPLs to gross advances ( 10.61% 11.61%
3.NPLs to shareholders equity (C6/A) 63.99% 55.82%
4.NPLs write off to NPLs provisions (D4/C7) 11.12% 12.77%
5.Provision against NPL to NPLs (C7/C6) 82.73% 94.28%
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.08 6.76%
2.Commitments & contingencies to total equity ( 9.87 7.87
3.Break up value per share (A/E1) 12.14 10.53
4.Total deposit to total equity (B3/A) (times) 10.60 12.18
J.Cash flow ratio
1.Cash generated from opration activities to prof 14.46 13.28

42

Financial Statement Analysis of Financial Sector

JS BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 11,703,723 13,567,150
1.Share capital 10,724,642 10,724,643
2.Reserves (91,694) 313,415
3.Un appropriated profit 1,070,775 2,529,092
4.Others 1,375,822 2,400,753
B.Total liabilities(B1 to B4) 163,637,271 202,507,760
1.Bills payable 1,380,020 1,609,425
2.Borrowings from financial institutions 50,537,973 54,638,318
3.Deposits and other accounts 108,739,960 141,840,487
4.Other/misc. liabilities 2,979,318 4,419,530
C.Total assets (C1 to C4 + C8 to C10) 176,716,817 218,475,663
1.Cash and balances with treasury banks 9,041,269 11,159,432
2.Balances with other banks 412,232 583,724
3.Lending to financial institutions 11,080,242 3,581,329
4.Investments 84,257,568 116,029,825
5.Gross advances 64,491,947 79,389,361
6.Advances-non-performing/classified 2,812,617 2,982,825
7.Provision against advances 2,058,819 2,723,181
8.Advances net of provision (C5-C7) 62,433,128 76,666,180
9.Fixed assets 2,066,106 2,805,591
10.Other/misc. assets 7,426,272 7,649,582
D.Profit & loss account
1.Markup/interest earned 11,113,380 15,327,901
2.Markup/interest expensed 7,259,340 9,738,029
3.Net markup/interest income 3,854,040 5,589,872
4.Provisions and write-offs 818,778 816,241
5.Net markup/interest income after provisions 3,035,262 4,773,631
6.Non-markup/interest income 2,590,161 3,289,706
7.Non-markup/interest expenses 4,017,198 4,889,641
8.Administrative expenses 3,950,952 4,824,342
9.Profit/(loss) before taxation 1,608,225 3,173,696
10.Profit/(loss) after taxation 1,060,039 2,025,547
E.Other items
1.No. of ordinary shares (000) 5,053,797 5,463,832
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 38,650,130 34,992,128
5.Commitments and contigencies 38,439,987 47,190,568
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 34.68% 36.47%
2.Net markup/interest margin (D1-D2)/C 2.18% 2.56%
3.Return on equity (ROE) (D10/A) 9.06% 14.93%
4.Return on assets (ROA) (D10/C) 0.01 0.93%
5.Non-markup/interest income to total assets 1.47% 1.51%
6.Net markup/interest income(after prov.) to to 1.72% 2.18%
7.Markup/interest expense to markup/interest 65.32% 63.53%
8.Admin. expense to profit before tax. (D8/D9) ( 2.46 1.52
9.Non-markup/interest expense to total incom 29.32% 26.26%
10.Admin. expense to non-markup/interest inc 1.53 1.47
11.Earning per share (D10/E1) 0.21 0.37
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 5.35% 5.38%
2.Investment to total assets (C4/C) 47.68% 53.11%
3.Advances net of provisions to total assets (C8 35.33% 35.09%
4.Deposits to total assets (B3/C) 61.53% 64.92%
5.Total liabilities to total assets (B/C) 0.93 92.69%
6.Gross advances to deposits (C5/B3) 59.31% 55.97%
7.Gross advances to borrowing & deposit C5/( 40.49% 40.41%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 4.36% 3.76%
2.Provisions against NPLs to gross advances ( 3.19% 3.43%
3.NPLs to shareholders equity (C6/A) 24.03% 21.99%
4.NPLs write off to NPLs provisions (D4/C7) 39.77% 29.97%
5.Provision against NPL to NPLs (C7/C6) 0.73 0.91
I.Capital /leverage ratios
1.Capital ratio (A/C) 6.62% 6.21%
2.Commitments & contingencies to total equity ( 3.28 3.48
3.Break up value per share (A/E1) 2.32 2.48
4.Total deposit to total equity (B3/A) (times) 9.29 10.45
J.Cash flow ratio
1.Cash generated from opration activities to prof 36.46 17.28

43

Financial Statement Analysis of Financial Sector

MCB BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 106,908,175 113,186,073
1.Share capital 11,130,307 11,130,307
2.Reserves 48,830,005 51,309,081
3.Un appropriated profit 46,947,863 50,746,685
4.Others 23,195,887 24,615,865
B.Total liabilities(B1 to B4) 804,527,422 866,608,202
1.Bills payable 16,627,700 11,888,776
2.Borrowings from financial institutions 59,542,861 118,039,748
3.Deposits and other accounts 688,329,520 696,804,929
4.Other/misc. liabilities 40,027,341 39,874,749
C.Total assets (C1 to C4 + C8 to C10) 934,631,484 1,004,410,140
1.Cash and balances with treasury banks 46,753,804 60,567,695
2.Balances with other banks 3,015,624 3,611,185
3.Lending to financial institutions 1,418,181 3,079,564
4.Investments 511,137,192 565,695,932
5.Gross advances 322,317,993 322,528,511
6.Advances-non-performing/classified 21,907,791 20,368,096
7.Provision against advances 18,758,513 18,406,573
8.Advances net of provision (C5-C7) 303,559,480 304,121,938
9.Fixed assets 30,498,145 29,302,881
10.Other/misc. assets 38,249,058 38,030,945
D.Profit & loss account
1.Markup/interest earned 77,268,988 80,393,385
2.Markup/interest expensed 33,756,685 31,077,225
3.Net markup/interest income 43,512,303 49,316,160
4.Provisions and write-offs (1,941,037) 503,341
5.Net markup/interest income after provisions 45,453,340 48,812,819
6.Non-markup/interest income 12,943,702 16,566,067
7.Non-markup/interest expenses 21,667,595 23,050,347
8.Administrative expenses 20,611,649 21,967,630
9.Profit/(loss) before taxation 36,729,447 42,328,539
10.Profit/(loss) after taxation 24,324,756 25,546,267
E.Other items
1.No. of ordinary shares (000) 1,113,031 1,113,031
2.Cash dividend 0.01 0.02
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 52,852,076 82,440,208
5.Commitments and contigencies 226,553,852 318,141,018
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 56.31% 61.34%
2.Net markup/interest margin (D1-D2)/C 4.66% 4.91%
3.Return on equity (ROE) (D10/A) 22.75% 22.57%
4.Return on assets (ROA) (D10/C) 0.03 2.54%
5.Non-markup/interest income to total assets 1.38% 1.65%
6.Net markup/interest income(after prov.) to to 4.86% 4.86%
7.Markup/interest expense to markup/interest 43.69% 38.66%
8.Admin. expense to profit before tax. (D8/D9) ( 0.56 0.52
9.Non-markup/interest expense to total incom 24.02% 23.77%
10.Admin. expense to non-markup/interest inc 1.59 1.33
11.Earning per share (D10/E1) 21.85 22.95
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 5.33% 6.39%
2.Investment to total assets (C4/C) 54.69% 56.32%
3.Advances net of provisions to total assets (C8 32.48% 30.28%
4.Deposits to total assets (B3/C) 73.65% 69.37%
5.Total liabilities to total assets (B/C) 86.08% 86.28%
6.Gross advances to deposits (C5/B3) 46.83% 46.29%
7.Gross advances to borrowing & deposit C5/( 0.43 39.58%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.07 6.32%
2.Provisions against NPLs to gross advances ( 5.82% 5.71%
3.NPLs to shareholders equity (C6/A) 20.49% 0.18
4.NPLs write off to NPLs provisions (D4/C7) -10.35% 2.73%
5.Provision against NPL to NPLs (C7/C6) 85.62% 90.37%
I.Capital /leverage ratios
1.Capital ratio (A/C) 11.44% 11.27%
2.Commitments & contingencies to total equity ( 2.12 2.81
3.Break up value per share (A/E1) 96.05 101.69
4.Total deposit to total equity (B3/A) (times) 6.44 6.16
J.Cash flow ratio
1.Cash generated from opration activities to prof 2.17 3.23
 44

Financial Statement Analysis of Financial Sector

MCB ISLAMIC BANK LTD
Items 2015 2016
A.Total equity (A1 to A3) 10,014,614 10,094,531
1.Share capital 10,000,000 10,000,000
2.Reserves 10,461 26,444
3.Un appropriated profit 4,153 68,087
4.Others (31,862) 171,342
B.Total liabilities(B1 to B4) 16,904,789 18,298,320
1.Bills payable 89,864 447,776
2.Borrowings from financial institutions 631,520 2,785,650
3.Deposits and other accounts 9,450,072 14,279,436
4.Other/misc. liabilities 6,733,333 785,458
C.Total assets (C1 to C4 + C8 to C10) 26,887,541 28,564,193
1.Cash and balances with treasury banks 698,123 1,509,804
2.Balances with other banks 6,347,459 2,750,998
3.Lending to financial institutions 0 0
4.Investments 5,995,470 5,769,675
5.Gross advances 12,569,208 16,130,187
6.Advances-non-performing/classified 0 0
7.Provision against advances 95,411 1,274
8.Advances net of provision (C5-C7) 12,473,797 16,128,913
9.Fixed assets 1,192,382 1,728,933
10.Other/misc. assets 180,310 675,870
D.Profit & loss account
1.Markup/interest earned 376,295 1,526,778
2.Markup/interest expensed 101,057 576,544
3.Net markup/interest income 275,238 950,234
4.Provisions and write-offs 39,901 (94,137)
5.Net markup/interest income after provisions 235,337 1,044,371
6.Non-markup/interest income 25,068 259,164
7.Non-markup/interest expenses 202,774 1,189,562
8.Administrative expenses 200,698 1,187,266
9.Profit/(loss) before taxation 57,631 113,973
10.Profit/(loss) after taxation 52,307 79,917
E.Other items
1.No. of ordinary shares (000) 1,000,000 1,000,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (2,936,850) 3,434,946
5.Commitments and contigencies 2,768,072 3,389,641
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 73.14% 62.24%
2.Net markup/interest margin (D1-D2)/C 1.02% 3.33%
3.Return on equity (ROE) (D10/A) 0.52% 0.79%
4.Return on assets (ROA) (D10/C) 0.19% 0.28%
5.Non-markup/interest income to total assets 0.09% 0.91%
6.Net markup/interest income(after prov.) to to 0.88% 3.66%
7.Markup/interest expense to markup/interest 26.86% 37.76%
8.Admin. expense to profit before tax. (D8/D9) ( 3.48 10.42
9.Non-markup/interest expense to total incom 50.52% 66.61%
10.Admin. expense to non-markup/interest inc 8.01 4.58
11.Earning per share (D10/E1) 0.05 0.08
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 0.26 14.92%
2.Investment to total assets (C4/C) 0.22 0.20
3.Advances net of provisions to total assets (C8 46.39% 56.47%
4.Deposits to total assets (B3/C) 35.15% 49.99%
5.Total liabilities to total assets (B/C) 62.87% 64.06%
6.Gross advances to deposits (C5/B3) 133.01% 112.96%
7.Gross advances to borrowing & deposit C5/( 124.67% 94.52%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.00 0.00
2.Provisions against NPLs to gross advances ( 0.76% 0.01%
3.NPLs to shareholders equity (C6/A) 0.00 0.00
4.NPLs write off to NPLs provisions (D4/C7) 41.82% -7389.09%
5.Provision against NPL to NPLs (C7/C6) - -
I.Capital /leverage ratios
1.Capital ratio (A/C) 37.25% 35.34%
2.Commitments & contingencies to total equity ( 0.28 0.34
3.Break up value per share (A/E1) 10.01 10.09
4.Total deposit to total equity (B3/A) (times) 0.94 1.41
J.Cash flow ratio
1.Cash generated from opration activities to prof -56.15 42.98

45

Financial Statement Analysis of Financial Sector

MEEZAN BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 23,274,720 25,556,784
1.Share capital 10,027,379 10,027,379
2.Reserves 7,288,754 8,587,363
3.Un appropriated profit 5,958,587 6,942,042
4.Others 615,610 790,326
B.Total liabilities(B1 to B4) 413,619,938 505,502,824
1.Bills payable 5,619,826 6,560,324
2.Borrowings from financial institutions 15,465,418 13,609,551
3.Deposits and other accounts 380,421,569 471,820,959
4.Other/misc. liabilities 12,113,125 13,511,990
C.Total assets (C1 to C4 + C8 to C10) 437,510,268 531,849,934
1.Cash and balances with treasury banks 29,728,764 43,685,636
2.Balances with other banks 5,501,077 11,175,060
3.Lending to financial institutions 90,766,297 101,079,476
4.Investments 114,089,252 146,304,897
5.Gross advances 183,285,548 215,775,663
6.Advances-non-performing/classified 6,912,000 7,064,000
7.Provision against advances 7,573,606 8,206,840
8.Advances net of provision (C5-C7) 175,711,942 207,568,823
9.Fixed assets 8,273,239 8,056,743
10.Other/misc. assets 13,439,697 13,979,299
D.Profit & loss account
1.Markup/interest earned 28,803,059 33,113,741
2.Markup/interest expensed 15,440,250 14,897,149
3.Net markup/interest income 13,362,809 18,216,592
4.Provisions and write-offs 466,504 563,174
5.Net markup/interest income after provisions 12,896,305 17,653,418
6.Non-markup/interest income 4,754,884 4,596,720
7.Non-markup/interest expenses 10,752,655 13,798,885
8.Administrative expenses 10,459,934 13,560,648
9.Profit/(loss) before taxation 6,898,534 8,451,253
10.Profit/(loss) after taxation 4,570,086 5,022,509
E.Other items
1.No. of ordinary shares (000) 1,002,738 1,002,738
2.Cash dividend 0.28% 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (44,417,274) 52,687,232
5.Commitments and contigencies 260,532,165 326,925,590
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 46.39% 55.01%
2.Net markup/interest margin (D1-D2)/C 3.05% 3.43%
3.Return on equity (ROE) (D10/A) 19.64% 19.65%
4.Return on assets (ROA) (D10/C) 1.04% 0.94%
5.Non-markup/interest income to total assets 1.09% 0.86%
6.Net markup/interest income(after prov.) to to 2.95% 3.32%
7.Markup/interest expense to markup/interest 53.61% 44.99%
8.Admin. expense to profit before tax. (D8/D9) ( 1.52 1.60
9.Non-markup/interest expense to total incom 32.04% 36.59%
10.Admin. expense to non-markup/interest inc 2.20 2.95
11.Earning per share (D10/E1) 4.56 5.01
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 8.05% 10.32%
2.Investment to total assets (C4/C) 26.08% 27.51%
3.Advances net of provisions to total assets (C8 40.16% 39.03%
4.Deposits to total assets (B3/C) 86.95% 88.71%
5.Total liabilities to total assets (B/C) 94.54% 95.05%
6.Gross advances to deposits (C5/B3) 48.18% 45.73%
7.Gross advances to borrowing & deposit C5/( 0.46 44.45%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 3.77% 3.27%
2.Provisions against NPLs to gross advances ( 4.13% 0.04
3.NPLs to shareholders equity (C6/A) 0.30 27.64%
4.NPLs write off to NPLs provisions (D4/C7) 6.16% 6.86%
5.Provision against NPL to NPLs (C7/C6) 109.57% 116.18%
I.Capital /leverage ratios
1.Capital ratio (A/C) 5.32% 4.81%
2.Commitments & contingencies to total equity ( 11.19 12.79
3.Break up value per share (A/E1) 23.21 25.49
4.Total deposit to total equity (B3/A) (times) 16.34 18.46
J.Cash flow ratio
1.Cash generated from opration activities to prof -9.72 10.49

46

Financial Statement Analysis of Financial Sector

SAMBA BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 10,766,983 11,197,586
1.Share capital 10,082,387 10,082,387
2.Reserves 212,640 298,760
3.Un appropriated profit 471,956 816,439
4.Others 487,614 646,633
B.Total liabilities(B1 to B4) 39,326,463 68,322,117
1.Bills payable 308,894 492,159
2.Borrowings from financial institutions 5,964,576 27,325,753
3.Deposits and other accounts 31,642,143 38,844,291
4.Other/misc. liabilities 1,410,850 1,659,914
C.Total assets (C1 to C4 + C8 to C10) 50,581,060 80,166,336
1.Cash and balances with treasury banks 2,525,366 3,258,421
2.Balances with other banks 79,761 1,071,112
3.Lending to financial institutions 1,900,000 2,000,000
4.Investments 19,953,205 44,726,421
5.Gross advances 23,916,363 26,259,641
6.Advances-non-performing/classified 2,144,114 1,973,975
7.Provision against advances 2,104,191 2,072,603
8.Advances net of provision (C5-C7) 21,812,172 24,187,038
9.Fixed assets 800,890 1,323,670
10.Other/misc. assets 3,509,666 3,599,674
D.Profit & loss account
1.Markup/interest earned 4,618,568 5,468,187
2.Markup/interest expensed 2,805,889 3,325,564
3.Net markup/interest income 1,812,679 2,142,623
4.Provisions and write-offs (99,358) 21,540
5.Net markup/interest income after provisions 1,912,037 2,121,083
6.Non-markup/interest income 217,271 805,257
7.Non-markup/interest expenses 1,704,048 2,110,963
8.Administrative expenses 1,645,959 2,060,056
9.Profit/(loss) before taxation 425,260 815,377
10.Profit/(loss) after taxation 226,081 430,603
E.Other items
1.No. of ordinary shares (000) 1,008,239 1,008,239
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 5,795,768 27,066,960
5.Commitments and contigencies 3,837,807 7,700,023
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 39.25% 39.18%
2.Net markup/interest margin (D1-D2)/C 3.58% 2.67%
3.Return on equity (ROE) (D10/A) 0.02 3.85%
4.Return on assets (ROA) (D10/C) 0.45% 0.54%
5.Non-markup/interest income to total assets 0.43% 0.01
6.Net markup/interest income(after prov.) to to 3.78% 2.65%
7.Markup/interest expense to markup/interest 60.75% 60.82%
8.Admin. expense to profit before tax. (D8/D9) ( 3.87 2.53
9.Non-markup/interest expense to total incom 35.24% 33.65%
10.Admin. expense to non-markup/interest inc 7.58 2.56
11.Earning per share (D10/E1) 0.22 0.43
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 5.15% 0.05
2.Investment to total assets (C4/C) 39.45% 55.79%
3.Advances net of provisions to total assets (C8 43.12% 30.17%
4.Deposits to total assets (B3/C) 62.56% 48.45%
5.Total liabilities to total assets (B/C) 77.75% 85.23%
6.Gross advances to deposits (C5/B3) 75.58% 0.68
7.Gross advances to borrowing & deposit C5/( 0.64 39.69%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 8.97% 7.52%
2.Provisions against NPLs to gross advances ( 0.09 7.89%
3.NPLs to shareholders equity (C6/A) 19.91% 17.63%
4.NPLs write off to NPLs provisions (D4/C7) -4.72% 1.04%
5.Provision against NPL to NPLs (C7/C6) 98.14% 1.05
I.Capital /leverage ratios
1.Capital ratio (A/C) 21.29% 13.97%
2.Commitments & contingencies to total equity ( 0.36 0.69
3.Break up value per share (A/E1) 10.68 11.11
4.Total deposit to total equity (B3/A) (times) 2.94 3.47
J.Cash flow ratio
1.Cash generated from opration activities to prof 25.64 62.86

47

Financial Statement Analysis of Financial Sector

SILKBANK LIMITED
Items 2014 2015
A.Total equity (A1 to A3) 19,652,059 66,843,317
1.Share capital 28,916,048 77,998,099
2.Reserves 180,134 180,134
3.Un appropriated profit (9,444,123) (11,334,916)
4.Others (11,151,232) (52,266,655)
B.Total liabilities(B1 to B4) 94,235,026 118,526,209
1.Bills payable 2,153,091 2,413,342
2.Borrowings from financial institutions 21,742,246 33,230,182
3.Deposits and other accounts 68,770,255 81,097,581
4.Other/misc. liabilities 1,569,434 1,785,104
C.Total assets (C1 to C4 + C8 to C10) 102,735,853 133,102,871
1.Cash and balances with treasury banks 5,102,984 7,343,670
2.Balances with other banks 139,478 194,065
3.Lending to financial institutions 3,000,000 6,260,444
4.Investments 18,105,414 35,512,864
5.Gross advances 64,417,139 67,045,340
6.Advances-non-performing/classified 8,221,947 8,520,000
7.Provision against advances 5,450,262 5,971,133
8.Advances net of provision (C5-C7) 58,966,877 61,074,207
9.Fixed assets 4,563,290 4,496,648
10.Other/misc. assets 12,857,810 18,220,973
D.Profit & loss account
1.Markup/interest earned 9,429,216 8,933,315
2.Markup/interest expensed 5,969,099 5,833,685
3.Net markup/interest income 3,460,117 3,099,630
4.Provisions and write-offs 367,613 724,377
5.Net markup/interest income after provisions 3,092,504 2,375,253
6.Non-markup/interest income 1,720,363 1,894,323
7.Non-markup/interest expenses 4,681,452 6,109,278
8.Administrative expenses 4,692,044 5,268,719
9.Profit/(loss) before taxation 131,415 (1,839,702)
10.Profit/(loss) after taxation 86,860 (1,711,605)
E.Other items
1.No. of ordinary shares (000) 2,671,605 7,799,810
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,540,395 14,775,621
5.Commitments and contigencies 30,156,360 30,275,711
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.37 0.35
2.Net markup/interest margin (D1-D2)/C 3.37% 2.33%
3.Return on equity (ROE) (D10/A) 0.44% -2.56%
4.Return on assets (ROA) (D10/C) 0.08% -1.29%
5.Non-markup/interest income to total assets 1.67% 1.42%
6.Net markup/interest income(after prov.) to to 3.01% 1.78%
7.Markup/interest expense to markup/interest 0.63 0.65
8.Admin. expense to profit before tax. (D8/D9) ( 35.70 -2.86
9.Non-markup/interest expense to total incom 41.99% 56.42%
10.Admin. expense to non-markup/interest inc 2.73 2.78
11.Earning per share (D10/E1) 0.03 -0.22
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 0.05 5.66%
2.Investment to total assets (C4/C) 17.62% 26.68%
3.Advances net of provisions to total assets (C8 0.57 45.88%
4.Deposits to total assets (B3/C) 66.94% 60.93%
5.Total liabilities to total assets (B/C) 91.73% 89.05%
6.Gross advances to deposits (C5/B3) 93.67% 82.67%
7.Gross advances to borrowing & deposit C5/( 71.17% 58.64%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 12.76% 12.71%
2.Provisions against NPLs to gross advances ( 8.46% 8.91%
3.NPLs to shareholders equity (C6/A) 41.84% 12.75%
4.NPLs write off to NPLs provisions (D4/C7) 6.74% 12.13%
5.Provision against NPL to NPLs (C7/C6) 66.29% 70.08%
I.Capital /leverage ratios
1.Capital ratio (A/C) 19.13% 50.22%
2.Commitments & contingencies to total equity ( 1.53 0.45
3.Break up value per share (A/E1) 7.36 8.57
4.Total deposit to total equity (B3/A) (times) 3.50 1.21
J.Cash flow ratio
1.Cash generated from opration activities to prof 17.73 -8.63

48
 Financial Statement Analysis of Financial Sector
SONERI BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 15,108,732 16,337,318
1.Share capital 11,024,636 11,024,636
2.Reserves 933,911 1,049,465
3.Un appropriated profit 3,150,185 4,263,217
4.Others 1,930,495 1,854,624
B.Total liabilities(B1 to B4) 196,136,080 235,149,887
1.Bills payable 2,779,715 2,751,084
2.Borrowings from financial institutions 25,824,908 39,875,623
3.Deposits and other accounts 163,250,371 185,222,383
4.Other/misc. liabilities 4,281,086 7,300,797
C.Total assets (C1 to C4 + C8 to C10) 213,175,307 253,341,829
1.Cash and balances with treasury banks 15,776,136 16,718,428
2.Balances with other banks 1,024,566 1,634,544
3.Lending to financial institutions 154,342 3,306,244
4.Investments 75,715,677 108,633,807
5.Gross advances 115,613,735 120,616,960
6.Advances-non-performing/classified 10,224,405 11,584,107
7.Provision against advances 7,645,530 8,615,208
8.Advances net of provision (C5-C7) 107,968,205 112,001,752
9.Fixed assets 5,013,968 4,956,732
10.Other/misc. assets 7,522,413 6,090,322
D.Profit & loss account
1.Markup/interest earned 16,906,398 18,319,732
2.Markup/interest expensed 10,626,395 10,722,265
3.Net markup/interest income 6,280,003 7,597,467
4.Provisions and write-offs 549,113 1,029,241
5.Net markup/interest income after provisions 5,730,890 6,568,226
6.Non-markup/interest income 2,508,690 3,150,383
7.Non-markup/interest expenses 5,797,684 6,123,002
8.Administrative expenses 5,605,644 5,972,315
9.Profit/(loss) before taxation 2,441,896 3,595,607
10.Profit/(loss) after taxation 1,582,055 2,212,768
E.Other items
1.No. of ordinary shares (000) 1,102,464 1,102,464
2.Cash dividend 0.10 0.13
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 30,229,741 33,745,470
5.Commitments and contigencies 49,894,004 117,300,198
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 37.15% 41.47%
2.Net markup/interest margin (D1-D2)/C 2.95% 0.03
3.Return on equity (ROE) (D10/A) 10.47% 13.54%
4.Return on assets (ROA) (D10/C) 0.74% 0.87%
5.Non-markup/interest income to total assets 1.18% 1.24%
6.Net markup/interest income(after prov.) to to 2.69% 2.59%
7.Markup/interest expense to markup/interest 62.85% 58.53%
8.Admin. expense to profit before tax. (D8/D9) ( 2.30 1.66
9.Non-markup/interest expense to total incom 29.86% 28.52%
10.Admin. expense to non-markup/interest inc 2.23 1.90
11.Earning per share (D10/E1) 1.44 2.01
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 7.88% 7.24%
2.Investment to total assets (C4/C) 35.52% 42.88%
3.Advances net of provisions to total assets (C8 50.65% 44.21%
4.Deposits to total assets (B3/C) 76.58% 73.11%
5.Total liabilities to total assets (B/C) 92.01% 92.82%
6.Gross advances to deposits (C5/B3) 70.82% 65.12%
7.Gross advances to borrowing & deposit C5/( 61.15% 53.58%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 8.84% 0.10
2.Provisions against NPLs to gross advances ( 6.61% 7.14%
3.NPLs to shareholders equity (C6/A) 67.67% 70.91%
4.NPLs write off to NPLs provisions (D4/C7) 7.18% 11.95%
5.Provision against NPL to NPLs (C7/C6) 74.78% 74.37%
I.Capital /leverage ratios
1.Capital ratio (A/C) 7.09% 6.45%
2.Commitments & contingencies to total equity ( 3.30 7.18
3.Break up value per share (A/E1) 13.70 14.82
4.Total deposit to total equity (B3/A) (times) 10.81 11.34
J.Cash flow ratio
1.Cash generated from opration activities to prof 19.11 15.25

49

Financial Statement Analysis of Financial Sector

STANDARD CHARTERED BANK (PAKISTAN) LTD.
Items 2014 2015
A.Total equity (A1 to A3) 54,456,473 55,016,165
1.Share capital 38,715,850 38,715,850
2.Reserves 8,989,320 10,847,005
3.Un appropriated profit 6,751,303 5,453,310
4.Others 6,258,979 6,934,290
B.Total liabilities(B1 to B4) 348,852,431 385,397,336
1.Bills payable 5,563,605 11,401,191
2.Borrowings from financial institutions 17,244,671 21,784,451
3.Deposits and other accounts 304,503,668 327,237,527
4.Other/misc. liabilities 21,540,487 24,974,167
C.Total assets (C1 to C4 + C8 to C10) 409,567,883 447,347,791
1.Cash and balances with treasury banks 21,475,345 29,482,134
2.Balances with other banks 387,301 4,300,002
3.Lending to financial institutions 10,813,559 20,450,620
4.Investments 189,678,370 231,837,351
5.Gross advances 155,633,591 130,370,154
6.Advances-non-performing/classified 23,095,733 24,018,416
7.Provision against advances 21,450,000 21,516,718
8.Advances net of provision (C5-C7) 134,183,591 108,853,436
9.Fixed assets 6,282,553 5,963,952
10.Other/misc. assets 46,747,164 46,460,296
D.Profit & loss account
1.Markup/interest earned 35,269,158 32,937,559
2.Markup/interest expensed 13,873,493 10,629,849
3.Net markup/interest income 21,395,665 22,307,710
4.Provisions and write-offs 483,495 1,557,406
5.Net markup/interest income after provisions 20,912,170 20,750,304
6.Non-markup/interest income 7,400,269 7,097,124
7.Non-markup/interest expenses 12,944,432 12,462,809
8.Administrative expenses 12,496,824 12,104,946
9.Profit/(loss) before taxation 15,368,007 15,384,619
10.Profit/(loss) after taxation 9,814,885 9,288,426
E.Other items
1.No. of ordinary shares (000) 3,871,585 3,871,585
2.Cash dividend 0.23 0.20
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 28,634,903 68,518,633
5.Commitments and contigencies 203,878,029 241,787,063
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 60.66% 67.73%
2.Net markup/interest margin (D1-D2)/C 5.22% 4.99%
3.Return on equity (ROE) (D10/A) 18.02% 16.88%
4.Return on assets (ROA) (D10/C) 0.02 2.08%
5.Non-markup/interest income to total assets 1.81% 1.59%
6.Net markup/interest income(after prov.) to to 5.11% 4.64%
7.Markup/interest expense to markup/interest 39.34% 32.27%
8.Admin. expense to profit before tax. (D8/D9) ( 0.81 0.79
9.Non-markup/interest expense to total incom 30.34% 31.13%
10.Admin. expense to non-markup/interest inc 1.69 1.71
11.Earning per share (D10/E1) 2.54 2.40
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 5.34% 7.55%
2.Investment to total assets (C4/C) 46.31% 51.82%
3.Advances net of provisions to total assets (C8 32.76% 24.33%
4.Deposits to total assets (B3/C) 74.35% 73.15%
5.Total liabilities to total assets (B/C) 85.18% 86.15%
6.Gross advances to deposits (C5/B3) 51.11% 39.84%
7.Gross advances to borrowing & deposit C5/( 48.37% 37.35%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 14.84% 18.42%
2.Provisions against NPLs to gross advances ( 13.78% 0.17
3.NPLs to shareholders equity (C6/A) 42.41% 43.66%
4.NPLs write off to NPLs provisions (D4/C7) 2.25% 7.24%
5.Provision against NPL to NPLs (C7/C6) 92.87% 89.58%
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.13 0.12
2.Commitments & contingencies to total equity ( 3.74 4.39
3.Break up value per share (A/E1) 14.07 14.21
4.Total deposit to total equity (B3/A) (times) 5.59 5.95
J.Cash flow ratio
1.Cash generated from opration activities to prof 2.92 7.38

50

Financial Statement Analysis of Financial Sector

SUMMIT BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 11,017,324 10,799,082
1.Share capital 10,779,796 10,779,796
2.Reserves 7,897,041 7,440,485
3.Un appropriated profit (7,659,513) (7,421,199)
4.Others 1,344,213 1,158,584
B.Total liabilities(B1 to B4) 136,095,804 176,462,755
1.Bills payable 1,531,639 2,728,797
2.Borrowings from financial institutions 25,312,661 49,755,998
3.Deposits and other accounts 105,309,434 119,854,302
4.Other/misc. liabilities 3,942,070 4,123,658
C.Total assets (C1 to C4 + C8 to C10) 148,457,341 188,420,421
1.Cash and balances with treasury banks 9,383,947 10,539,906
2.Balances with other banks 4,377,154 2,919,244
3.Lending to financial institutions 650,000 1,000,000
4.Investments 45,497,115 78,192,065
5.Gross advances 77,804,045 83,098,916
6.Advances-non-performing/classified 14,838,307 17,183,005
7.Provision against advances 11,349,348 12,544,846
8.Advances net of provision (C5-C7) 66,454,697 70,554,070
9.Fixed assets 7,283,654 9,321,873
10.Other/misc. assets 14,810,774 15,893,263
D.Profit & loss account
1.Markup/interest earned 9,826,877 10,705,473
2.Markup/interest expensed 7,400,632 7,656,589
3.Net markup/interest income 2,426,245 3,048,884
4.Provisions and write-offs 563,074 1,575,408
5.Net markup/interest income after provisions 1,863,171 1,473,476
6.Non-markup/interest income 3,120,508 4,319,966
7.Non-markup/interest expenses 4,971,757 5,137,322
8.Administrative expenses 4,897,850 5,113,648
9.Profit/(loss) before taxation 11,922 656,120
10.Profit/(loss) after taxation 229,450 217,222
E.Other items
1.No. of ordinary shares (000) 1,077,980 1,077,980
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,298,958 35,881,502
5.Commitments and contigencies 111,449,565 145,031,813
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 24.69% 28.48%
2.Net markup/interest margin (D1-D2)/C 1.63% 1.62%
3.Return on equity (ROE) (D10/A) 2.08% 2.01%
4.Return on assets (ROA) (D10/C) 0.15% 0.12%
5.Non-markup/interest income to total assets 0.02 2.29%
6.Net markup/interest income(after prov.) to to 1.26% 0.78%
7.Markup/interest expense to markup/interest 75.31% 71.52%
8.Admin. expense to profit before tax. (D8/D9) ( 410.82 7.79
9.Non-markup/interest expense to total incom 0.38 34.19%
10.Admin. expense to non-markup/interest inc 1.57 1.18
11.Earning per share (D10/E1) 0.21 0.20
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 9.27% 7.14%
2.Investment to total assets (C4/C) 30.65% 0.42
3.Advances net of provisions to total assets (C8 44.76% 37.45%
4.Deposits to total assets (B3/C) 70.94% 63.61%
5.Total liabilities to total assets (B/C) 91.67% 93.65%
6.Gross advances to deposits (C5/B3) 73.88% 69.33%
7.Gross advances to borrowing & deposit C5/( 59.56% 48.99%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 19.07% 20.68%
2.Provisions against NPLs to gross advances ( 14.59% 0.15
3.NPLs to shareholders equity (C6/A) 134.68% 159.12%
4.NPLs write off to NPLs provisions (D4/C7) 4.96% 12.56%
5.Provision against NPL to NPLs (C7/C6) 76.49% 73.01%
I.Capital /leverage ratios
1.Capital ratio (A/C) 7.42% 5.73%
2.Commitments & contingencies to total equity ( 10.12 13.43
3.Break up value per share (A/E1) 10.22 10.02
4.Total deposit to total equity (B3/A) (times) 9.56 11.10
J.Cash flow ratio
1.Cash generated from opration activities to prof 5.66 165.18

51

Financial Statement Analysis of Financial Sector

UNITED BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 94,589,280 105,867,061
1.Share capital 12,241,798 12,241,798
2.Reserves 34,130,131 38,402,303
3.Un appropriated profit 48,217,351 55,222,960
4.Others 30,927,172 36,268,414
B.Total liabilities(B1 to B4) 985,897,655 1,258,515,368
1.Bills payable 9,553,585 13,391,739
2.Borrowings from financial institutions 53,065,156 163,131,947
3.Deposits and other accounts 895,083,053 1,051,235,170
4.Other/misc. liabilities 28,195,861 30,756,512
C.Total assets (C1 to C4 + C8 to C10) 1,111,414,107 1,400,650,843
1.Cash and balances with treasury banks 74,687,959 112,011,276
2.Balances with other banks 12,885,121 16,859,118
3.Lending to financial institutions 21,872,138 24,094,768
4.Investments 497,334,002 719,518,093
5.Gross advances 479,998,320 497,031,910
6.Advances-non-performing/classified 53,853,000 46,833,232
7.Provision against advances 45,734,270 41,618,030
8.Advances net of provision (C5-C7) 434,264,050 455,413,880
9.Fixed assets 29,067,930 30,641,032
10.Other/misc. assets 41,302,907 42,112,676
D.Profit & loss account
1.Markup/interest earned 82,735,467 94,352,931
2.Markup/interest expensed 37,768,546 38,511,161
3.Net markup/interest income 44,966,921 55,841,770
4.Provisions and write-offs 881,974 3,630,906
5.Net markup/interest income after provisions 44,084,947 52,210,864
6.Non-markup/interest income 19,296,047 21,987,007
7.Non-markup/interest expenses 29,982,904 32,023,186
8.Administrative expenses 29,030,374 30,896,159
9.Profit/(loss) before taxation 33,398,090 42,174,685
10.Profit/(loss) after taxation 21,929,561 25,727,149
E.Other items
1.No. of ordinary shares (000) 1,224,180 1,224,180
2.Cash dividend 1.15 0.01
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 49,134,432 266,687,926
5.Commitments and contigencies 620,763,453 749,066,735
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 54.35% 59.18%
2.Net markup/interest margin (D1-D2)/C 4.05% 3.99%
3.Return on equity (ROE) (D10/A) 23.18% 0.24
4.Return on assets (ROA) (D10/C) 1.97% 1.84%
5.Non-markup/interest income to total assets 1.74% 1.57%
6.Net markup/interest income(after prov.) to to 3.97% 3.73%
7.Markup/interest expense to markup/interest 45.65% 40.82%
8.Admin. expense to profit before tax. (D8/D9) ( 0.87 0.73
9.Non-markup/interest expense to total incom 29.39% 27.53%
10.Admin. expense to non-markup/interest inc 1.50 1.41
11.Earning per share (D10/E1) 17.91 21.02
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 7.88% 0.09
2.Investment to total assets (C4/C) 44.75% 51.37%
3.Advances net of provisions to total assets (C8 39.07% 32.51%
4.Deposits to total assets (B3/C) 80.54% 75.05%
5.Total liabilities to total assets (B/C) 88.71% 89.85%
6.Gross advances to deposits (C5/B3) 53.63% 47.28%
7.Gross advances to borrowing & deposit C5/( 50.62% 40.93%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 11.22% 9.42%
2.Provisions against NPLs to gross advances ( 9.53% 8.37%
3.NPLs to shareholders equity (C6/A) 56.93% 44.24%
4.NPLs write off to NPLs provisions (D4/C7) 1.93% 8.72%
5.Provision against NPL to NPLs (C7/C6) 84.92% 88.86%
I.Capital /leverage ratios
1.Capital ratio (A/C) 8.51% 7.56%
2.Commitments & contingencies to total equity ( 6.56 7.08
3.Break up value per share (A/E1) 77.27 86.48
4.Total deposit to total equity (B3/A) (times) 9.46 9.93
J.Cash flow ratio
1.Cash generated from opration activities to prof 2.24 10.37

52

Financial Statement Analysis of Financial Sector

Specialized Banks - Overall
Items 2014 2015
A.Total equity (A1 to A3) 12,146,463 17,768,377
1.Share capital 16,853,159 16,853,192
2.Reserves 11,378,346 12,454,959
3.Un appropriated profit (16,085,042) (11,539,774)
4.Others 97,992,358 47,151,416
B.Total liabilities(B1 to B4) 80,947,376 154,694,215
1.Bills payable 652,922 494,597
2.Borrowings from financial institutions 25,155,511 83,441,779
3.Deposits and other accounts 33,908,489 45,450,298
4.Other/misc. liabilities 21,230,454 25,307,541
C.Total assets (C1 to C4 + C8 to C10) 191,086,197 219,614,008
1.Cash and balances with treasury banks 5,678,993 3,818,346
2.Balances with other banks 6,849,522 18,193,382
3.Lending to financial institutions 2,192,109 1,996,740
4.Investments 33,993,017 26,307,614
5.Gross advances 139,349,998 159,395,469
6.Advances-non-performing/classified 32,578,968 30,070,372
7.Provision against advances 19,881,886 17,886,655
8.Advances net of provision (C5-C7) 119,468,112 141,508,814
9.Fixed assets 6,355,719 6,889,399
10.Other/misc. assets 16,548,725 20,899,713
D.Profit & loss account
1.Markup/interest earned 18,077,543 20,825,904
2.Markup/interest expensed 3,111,035 6,672,349
3.Net markup/interest income 14,966,508 14,153,555
4.Provisions and write-offs 1,429,018 (514,517)
5.Net markup/interest income after provisions 13,537,490 14,668,072
6.Non-markup/interest income 4,901,074 6,497,886
7.Non-markup/interest expenses 10,009,180 12,183,027
8.Administrative expenses 9,968,936 11,992,338
9.Profit/(loss) before taxation 8,429,384 8,982,931
10.Profit/(loss) after taxation 5,480,840 5,833,444
E.Other items
1.No. of ordinary shares (000) 1,510,877 1,495,859
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 2,409,404 2,653,648
5.Commitments and contigencies 7,020,284 9,404,490
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 82.79% 67.96%
2.Net markup/interest margin (D1-D2)/C 7.83% 6.44%
3.Return on equity (ROE) (D10/A) 45.12% 32.83%
4.Return on assets (ROA) (D10/C) 2.87% 2.66%
5.Non-markup/interest income to total assets 2.56% 2.96%
6.Net markup/interest income(after prov.) to to 7.08% 6.68%
7.Markup/interest expense to markup/interest 17.21% 32.04%
8.Admin. expense to profit before tax. (D8/D9) ( 1.18 1.34
9.Non-markup/interest expense to total incom 43.56% 44.59%
10.Admin. expense to non-markup/interest inc 2.03 1.85
11.Earning per share (D10/E1) 3.63 3.90
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 6.56% 10.02%
2.Investment to total assets (C4/C) 17.79% 11.98%
3.Advances net of provisions to total assets (C8 62.52% 64.44%
4.Deposits to total assets (B3/C) 17.75% 0.21
5.Total liabilities to total assets (B/C) 42.36% 70.44%
6.Gross advances to deposits (C5/B3) 410.96% 3.51
7.Gross advances to borrowing & deposit C5/( 235.93% 123.67%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 23.38% 18.87%
2.Provisions against NPLs to gross advances ( 14.27% 11.22%
3.NPLs to shareholders equity (C6/A) 268.22% 169.24%
4.NPLs write off to NPLs provisions (D4/C7) 7.19% -2.88%
5.Provision against NPL to NPLs (C7/C6) 61.03% 59.48%
I.Capital /leverage ratios
1.Capital ratio (A/C) 6.36% 8.09%
2.Commitments & contingencies to total equity ( 0.58 0.53
3.Break up value per share (A/E1) 8.04 11.88
4.Total deposit to total equity (B3/A) (times) 2.79 2.56
J.Cash flow ratio
1.Cash generated from opration activities to prof 0.44 0.45

53

Financial Statement Analysis of Financial Sector

INDUSTRIAL DEVELOPMENT BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) (27,008,838) (26,281,768)
1.Share capital 1 1
2.Reserves 0 0
3.Un appropriated profit (27,008,839) (26,281,769)
4.Others 365,326 43,917
B.Total liabilities(B1 to B4) 30,881,083 30,346,348
1.Bills payable 5,595 7,107
2.Borrowings from financial institutions 23,409,994 23,409,994
3.Deposits and other accounts 155,757 165,002
4.Other/misc. liabilities 7,309,737 6,764,245
C.Total assets (C1 to C4 + C8 to C10) 4,237,571 4,108,497
1.Cash and balances with treasury banks 41,269 45,299
2.Balances with other banks 12,621 7,338
3.Lending to financial institutions 656,919 1,111,740
4.Investments 1,058,537 489,703
5.Gross advances 6,018,848 5,890,949
6.Advances-non-performing/classified 6,009,136 5,881,104
7.Provision against advances 6,009,136 5,881,104
8.Advances net of provision (C5-C7) 9,712 9,845
9.Fixed assets 49,443 49,268
10.Other/misc. assets 2,409,070 2,395,304
D.Profit & loss account
1.Markup/interest earned 173,553 121,523
2.Markup/interest expensed 19,229 22,135
3.Net markup/interest income 154,324 99,388
4.Provisions and write-offs (144,065) (38,549)
5.Net markup/interest income after provisions 298,389 137,937
6.Non-markup/interest income 190,430 767,381
7.Non-markup/interest expenses 119,016 150,828
8.Administrative expenses 117,104 114,029
9.Profit/(loss) before taxation 369,803 754,490
10.Profit/(loss) after taxation 366,670 753,255
E.Other items
1.No. of ordinary shares (000) 0 0
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (6,021) (1,017,313)
5.Commitments and contigencies 132,441 132,383
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 88.92% 81.79%
2.Net markup/interest margin (D1-D2)/C 3.64% 2.42%
3.Return on equity (ROE) (D10/A) -1.36% -2.87%
4.Return on assets (ROA) (D10/C) 8.65% 18.33%
5.Non-markup/interest income to total assets 4.49% 18.68%
6.Net markup/interest income(after prov.) to to 7.04% 3.36%
7.Markup/interest expense to markup/interest 11.08% 18.21%
8.Admin. expense to profit before tax. (D8/D9) ( 0.32 0.15
9.Non-markup/interest expense to total incom 0.33 16.97%
10.Admin. expense to non-markup/interest inc 0.61 0.15
11.Earning per share (D10/E1) 7333400.00 -
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 1.27% 1.28%
2.Investment to total assets (C4/C) 24.98% 11.92%
3.Advances net of provisions to total assets (C8 0.23% 0.24%
4.Deposits to total assets (B3/C) 3.68% 4.02%
5.Total liabilities to total assets (B/C) 728.74% 738.62%
6.Gross advances to deposits (C5/B3) 3864.26% 3570.23%
7.Gross advances to borrowing & deposit C5/( 25.54% 24.99%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 99.84% 99.83%
2.Provisions against NPLs to gross advances ( 99.84% 99.83%
3.NPLs to shareholders equity (C6/A) -22.25% -22.38%
4.NPLs write off to NPLs provisions (D4/C7) -0.02 -0.66%
5.Provision against NPL to NPLs (C7/C6) 1.00 1.00
I.Capital /leverage ratios
1.Capital ratio (A/C) -637.37% -639.69%
2.Commitments & contingencies to total equity ( 0.00 -0.01
3.Break up value per share (A/E1) -540176760.00 -
4.Total deposit to total equity (B3/A) (times) -0.01 -0.01
J.Cash flow ratio
1.Cash generated from opration activities to prof -0.02 -1.35

54

Financial Statement Analysis of Financial Sector

SME BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 626,363 302,827
1.Share capital 2,392,507 2,392,507
2.Reserves 206,526 206,526
3.Un appropriated profit (1,972,670) (2,296,206)
4.Others 63,003 53,489
B.Total liabilities(B1 to B4) 4,610,986 8,260,210
1.Bills payable 58,298 114,107
2.Borrowings from financial institutions 776,168 2,888,685
3.Deposits and other accounts 3,343,102 4,770,201
4.Other/misc. liabilities 433,418 487,217
C.Total assets (C1 to C4 + C8 to C10) 5,300,352 8,616,526
1.Cash and balances with treasury banks 366,783 390,011
2.Balances with other banks 2,835 1,739
3.Lending to financial institutions 215,000 885,000
4.Investments 1,446,493 4,117,491
5.Gross advances 8,253,602 8,011,882
6.Advances-non-performing/classified 5,640,890 5,517,582
7.Provision against advances 5,324,865 5,260,172
8.Advances net of provision (C5-C7) 2,928,737 2,751,710
9.Fixed assets 130,415 119,002
10.Other/misc. assets 210,089 351,573
D.Profit & loss account
1.Markup/interest earned 788,780 705,267
2.Markup/interest expensed 542,594 436,280
3.Net markup/interest income 246,186 268,987
4.Provisions and write-offs 78,096 (62,867)
5.Net markup/interest income after provisions 168,090 331,854
6.Non-markup/interest income 87,528 47,934
7.Non-markup/interest expenses 633,949 654,358
8.Administrative expenses 596,050 645,250
9.Profit/(loss) before taxation (378,331) (274,570)
10.Profit/(loss) after taxation (387,073) (282,157)
E.Other items
1.No. of ordinary shares (000) 239,251 239,251
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (1,531,920) 3,102,178
5.Commitments and contigencies 2,295,562 4,376,730
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 31.21% 38.14%
2.Net markup/interest margin (D1-D2)/C 4.64% 3.12%
3.Return on equity (ROE) (D10/A) -0.62 -93.17%
4.Return on assets (ROA) (D10/C) -0.07 -3.27%
5.Non-markup/interest income to total assets 1.65% 0.56%
6.Net markup/interest income(after prov.) to to 3.17% 3.85%
7.Markup/interest expense to markup/interest 68.79% 61.86%
8.Admin. expense to profit before tax. (D8/D9) ( -1.58 -2.35
9.Non-markup/interest expense to total incom 72.34% 86.88%
10.Admin. expense to non-markup/interest inc 6.81 13.46
11.Earning per share (D10/E1) -1.62 -1.18
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 6.97% 4.55%
2.Investment to total assets (C4/C) 27.29% 47.79%
3.Advances net of provisions to total assets (C8 55.26% 31.94%
4.Deposits to total assets (B3/C) 63.07% 55.36%
5.Total liabilities to total assets (B/C) 86.99% 95.86%
6.Gross advances to deposits (C5/B3) 246.88% 167.96%
7.Gross advances to borrowing & deposit C5/( 200.37% 104.61%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 68.34% 68.87%
2.Provisions against NPLs to gross advances ( 64.52% 65.65%
3.NPLs to shareholders equity (C6/A) 900.58% 1822.02%
4.NPLs write off to NPLs provisions (D4/C7) 1.47% -0.01
5.Provision against NPL to NPLs (C7/C6) 0.94 95.33%
I.Capital /leverage ratios
1.Capital ratio (A/C) 11.82% 3.51%
2.Commitments & contingencies to total equity ( 3.66 14.45
3.Break up value per share (A/E1) 2.62 1.27
4.Total deposit to total equity (B3/A) (times) 5.34 15.75
J.Cash flow ratio
1.Cash generated from opration activities to prof 3.96 -10.99

55
 Financial Statement Analysis of Financial Sector
THE PUNJAB PROVINCIAL COOPERATIVE BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 6,863,187 6,863,289
1.Share capital 1,938,210 1,938,243
2.Reserves 6,581,685 6,603,774
3.Un appropriated profit (1,656,708) (1,678,728)
4.Others 4,598,141 4,726,591
B.Total liabilities(B1 to B4) 6,524,069 7,724,985
1.Bills payable 27,065 27,324
2.Borrowings from financial institutions 0 0
3.Deposits and other accounts 3,707,719 4,567,142
4.Other/misc. liabilities 2,789,285 3,130,519
C.Total assets (C1 to C4 + C8 to C10) 17,985,397 19,314,865
1.Cash and balances with treasury banks 779,550 866,698
2.Balances with other banks 1,240,883 1,775,794
3.Lending to financial institutions 500,000 0
4.Investments 2,150,672 1,934,771
5.Gross advances 9,581,782 10,800,592
6.Advances-non-performing/classified 2,265,220 2,147,218
7.Provision against advances 1,606,077 1,606,077
8.Advances net of provision (C5-C7) 7,975,705 9,194,515
9.Fixed assets 4,594,887 4,619,964
10.Other/misc. assets 743,700 923,123
D.Profit & loss account
1.Markup/interest earned 1,619,737 1,739,766
2.Markup/interest expensed 149,263 197,365
3.Net markup/interest income 1,470,474 1,542,401
4.Provisions and write-offs 0 0
5.Net markup/interest income after provisions 1,470,474 1,542,401
6.Non-markup/interest income 109,944 99,907
7.Non-markup/interest expenses 1,469,612 1,518,121
8.Administrative expenses 1,469,612 1,432,249
9.Profit/(loss) before taxation 110,806 124,187
10.Profit/(loss) after taxation 83,859 89,725
E.Other items
1.No. of ordinary shares (000) 19,382 4,364
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,516,968 301,375
5.Commitments and contigencies 23,086 152,152
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 90.78% 88.66%
2.Net markup/interest margin (D1-D2)/C 8.18% 7.99%
3.Return on equity (ROE) (D10/A) 1.22% 1.31%
4.Return on assets (ROA) (D10/C) 0.47% 0.46%
5.Non-markup/interest income to total assets 0.61% 0.52%
6.Net markup/interest income(after prov.) to to 8.18% 7.99%
7.Markup/interest expense to markup/interest 9.22% 11.34%
8.Admin. expense to profit before tax. (D8/D9) ( 13.26 11.53
9.Non-markup/interest expense to total incom 84.96% 82.52%
10.Admin. expense to non-markup/interest inc 13.37 14.34
11.Earning per share (D10/E1) 4.33 20.56
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 11.23% 13.68%
2.Investment to total assets (C4/C) 11.96% 10.02%
3.Advances net of provisions to total assets (C8 44.35% 0.48
4.Deposits to total assets (B3/C) 20.62% 23.65%
5.Total liabilities to total assets (B/C) 36.27% 0.40
6.Gross advances to deposits (C5/B3) 258.43% 236.48%
7.Gross advances to borrowing & deposit C5/( 258.43% 236.48%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 23.64% 19.88%
2.Provisions against NPLs to gross advances ( 16.76% 14.87%
3.NPLs to shareholders equity (C6/A) 33.01% 31.29%
4.NPLs write off to NPLs provisions (D4/C7) 0.00 0.00
5.Provision against NPL to NPLs (C7/C6) 0.71 0.75
I.Capital /leverage ratios
1.Capital ratio (A/C) 38.16% 35.53%
2.Commitments & contingencies to total equity ( 0.00 0.02
3.Break up value per share (A/E1) 354.10 1,572.71
4.Total deposit to total equity (B3/A) (times) 0.54 0.67
J.Cash flow ratio
1.Cash generated from opration activities to prof 18.09 3.36

56

Financial Statement Analysis of Financial Sector

ZARAI TARAQIATI BANK LTD. (ZTBL)
Items 2014 2015
A.Total equity (A1 to A3) 31,665,751 36,884,029
1.Share capital 12,522,441 12,522,441
2.Reserves 4,590,135 5,644,659
3.Un appropriated profit 14,553,175 18,716,929
4.Others 92,965,888 42,327,419
B.Total liabilities(B1 to B4) 38,931,238 108,362,672
1.Bills payable 561,964 346,059
2.Borrowings from financial institutions 969,349 57,143,100
3.Deposits and other accounts 26,701,911 35,947,953
4.Other/misc. liabilities 10,698,014 14,925,560
C.Total assets (C1 to C4 + C8 to C10) 163,562,877 187,574,120
1.Cash and balances with treasury banks 4,491,391 2,516,338
2.Balances with other banks 5,593,183 16,408,511
3.Lending to financial institutions 820,190 0
4.Investments 29,337,315 19,765,649
5.Gross advances 115,495,766 134,692,046
6.Advances-non-performing/classified 18,663,722 16,524,468
7.Provision against advances 6,941,808 5,139,302
8.Advances net of provision (C5-C7) 108,553,958 129,552,744
9.Fixed assets 1,580,974 2,101,165
10.Other/misc. assets 13,185,866 17,229,713
D.Profit & loss account
1.Markup/interest earned 15,495,473 18,259,348
2.Markup/interest expensed 2,399,949 6,016,569
3.Net markup/interest income 13,095,524 12,242,779
4.Provisions and write-offs 1,494,987 (413,101)
5.Net markup/interest income after provisions 11,600,537 12,655,880
6.Non-markup/interest income 4,513,172 5,582,664
7.Non-markup/interest expenses 7,786,603 9,859,720
8.Administrative expenses 7,786,170 9,800,810
9.Profit/(loss) before taxation 8,327,106 8,378,824
10.Profit/(loss) after taxation 5,417,384 5,272,621
E.Other items
1.No. of ordinary shares (000) 1,252,244 1,252,244
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 2,430,377 267,408
5.Commitments and contigencies 4,569,195 4,743,225
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 84.51% 67.05%
2.Net markup/interest margin (D1-D2)/C 8.01% 6.53%
3.Return on equity (ROE) (D10/A) 17.11% 0.14
4.Return on assets (ROA) (D10/C) 3.31% 2.81%
5.Non-markup/interest income to total assets 2.76% 2.98%
6.Net markup/interest income(after prov.) to to 7.09% 6.75%
7.Markup/interest expense to markup/interest 15.49% 32.95%
8.Admin. expense to profit before tax. (D8/D9) ( 0.94 1.17
9.Non-markup/interest expense to total incom 38.92% 41.35%
10.Admin. expense to non-markup/interest inc 1.73 1.76
11.Earning per share (D10/E1) 4.33 4.21
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 6.17% 10.09%
2.Investment to total assets (C4/C) 17.94% 10.54%
3.Advances net of provisions to total assets (C8 66.37% 69.07%
4.Deposits to total assets (B3/C) 16.33% 19.16%
5.Total liabilities to total assets (B/C) 0.24 57.77%
6.Gross advances to deposits (C5/B3) 432.54% 374.69%
7.Gross advances to borrowing & deposit C5/( 417.39% 144.69%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 16.16% 12.27%
2.Provisions against NPLs to gross advances ( 6.01% 3.82%
3.NPLs to shareholders equity (C6/A) 58.94% 0.45
4.NPLs write off to NPLs provisions (D4/C7) 21.54% -8.04%
5.Provision against NPL to NPLs (C7/C6) 37.19% 0.31
I.Capital /leverage ratios
1.Capital ratio (A/C) 19.36% 19.66%
2.Commitments & contingencies to total equity ( 0.14 0.13
3.Break up value per share (A/E1) 25.29 29.45
4.Total deposit to total equity (B3/A) (times) 0.84 0.97
J.Cash flow ratio
1.Cash generated from opration activities to prof 0.45 0.05

57

Financial Statement Analysis of Financial Sector

Foreign Banks - Overall
Items 2014 2015
A.Total equity (A1 to A3) 33,312,182 26,899,289
1.Head office capital account 32,893,152 18,117,430
2.Reserves 156,327 164,791
3.Unremitted profit 262,703 8,617,068
4.Others 562,570 184,000
B.Total liabilities (B1 to B4) 203,836,313 233,751,840
1.Bills payable 3,571,754 2,982,070
2.Borrowings from financial institutions 76,248,147 108,506,332
3.Deposits and other accounts 107,508,592 105,892,088
4.Other/misc. liabilities 16,507,820 16,371,350
C.Total assets (C1 to C4 + C8 to C10) 237,711,065 260,835,129
1.Cash and balances with treasury banks 27,281,096 19,995,516
2.Balances with other banks 1,811,308 2,030,938
3.Lending to financial institutions 12,740,528 19,296,920
4.Investments 126,977,403 173,356,139
5.Gross advances 62,537,377 40,716,541
6.Advances-non-performing/classified 4,756,133 3,167,184
7.Provision against advances 4,849,382 3,178,373
8.Advances net of provision (C5-C7) 57,687,995 37,538,168
9.Fixed assets 1,073,330 1,506,651
10.Other/misc. assets 10,139,405 7,110,797
D.Profit & loss account
1.Markup/interest earned 17,616,770 14,995,259
2.Markup/interest expenses 7,506,303 7,862,467
3.Net markup/interest income 10,110,467 7,132,792
4.Provisions and write-offs (30,214) (509,045)
5.Net markup/interest income after provisions 10,140,681 7,641,837
6.Non-markup/interest income 2,828,630 7,220,209
7.Non-markup/interest expenses 6,546,952 4,663,343
8.Administrative expenses 6,459,573 4,599,949
9.Profit/(loss) before taxation 6,532,767 10,198,703
10.Profit/(loss) after taxation 4,126,118 6,445,417
E.Other items
1.Cash generated from operating activities 15,446,451 82,690,306
2.Commitments and contingencies 627,126,378 845,320,790
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 57.39% 47.57%
2.Net markup/interest margin (D1-D2)/C 4.25% 2.73%
3.Return on equity (ROE) (D10/A) 12.39% 23.96%
4.Return on assets (ROA) (D10/C) 1.74% 2.47%
5.Non-markup/interest income to total assets ( 1.19% 2.77%
6.Net markup/Interest income (after prov.) to to 4.27% 2.93%
7.Markup/interest expense to markup/interest 42.61% 52.43%
8.Admin expense to profit before tax.(D8/D9) (t 0.99 0.45
9.Non-markup/interest expense to total incom 32.02% 20.99%
10.Admin. exp. to non-markup/interest income ( 2.28 0.64
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 12.24% 8.44%
2.Investment to total assets (C4/C) 53.42% 66.46%
3.Advances net of provision to total assets (C8/ 24.27% 14.39%
4.Deposits to total assets ( B3/C) 45.23% 0.41
5.Total liabilities to total assets (B/C) 85.75% 89.62%
6.Gross advances to deposit (C5/B3) 58.17% 38.45%
7.Gross advances to borrowing & deposit C5/( 34.03% 18.99%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 7.61% 7.78%
2.Provision against NPLs to gross advances (C 7.75% 7.81%
3.NPLs to total equity (C6/A) 14.28% 11.77%
4.NPLs write off to NPLs provision (D4/C7) -0.62% -16.02%
5.Provision against NPL to NPLs (C7/C6) 101.96% 100.35%
I.Capital/leverage ratios
1.Capital ratio (A/C) 14.01% 10.31%
2.Commitments & contingencies to total equity ( 18.83 31.43
3.Total deposit to total equity (B3/A) (times) 3.23 3.94
J.Cash flow ratio
1.Cash generated from operating activities to pro 3.74 12.83
 58

Financial Statement Analysis of Financial Secto 2018

Bank of China Limited (Thousand Rupees)
Items 2017
A.Total equity (A1 to A3) 5,520,860
1.Head office capital account 5,520,860
2.Reserves 0
3.Unremitted profit 0
4.Others (211,200)
B.Total liabilities (B1 to B4) 721,492
1.Bills payable 0
2.Borrowings from financial institutions 0
3.Deposits and other accounts 0
4.Other/misc. liabilities 721,492
C.Total assets (C1 to C4 + C8 to C10) 6,031,152
1.Cash and balances with treasury banks 5,521,360
2.Balances with other banks 285,720
3.Lending to financial institutions 0
4.Investments 0
5.Gross advances 0
6.Advances-non-performing/classified 0
7.Provision against advances 0
8.Advances net of provision (C5-C7) 0
9.Fixed assets 195,879
10.Other/misc. assets 28,193
D.Profit & loss account
1.Markup/interest earned 0
2.Markup/interest expenses 0
3.Net markup/interest income 0
4.Provisions and write-offs 0
5.Net markup/interest income after provisions 0
6.Non-markup/interest income (17,522)
7.Non-markup/interest expenses 193,678
8.Administrative expenses 193,678
9.Profit/(loss) before taxation (211,200)
10.Profit/(loss) after taxation (211,200)
E.Other items
1.Cash generated from operating activities 482,099
2.Commitments and contingencies 739,274
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) -
2.Net markup/interest margin (D1-D2)/C 0.00
3.Return on equity (ROE) (D10/A) -3.83%
4.Return on assets (ROA) (D10/C) -0.04
5.Non-markup/interest income to total assets (D6/C) -0.29%
6.Net markup/Interest income (after prov.) to total assets(D5/C) 0.00
7.Markup/interest expense to markup/interest income (D2/D1) -
8.Admin expense to profit before tax.(D8/D9) (times) -0.92
9.Non-markup/interest expense to total income D7/(D1+D6) -1105.34%
10.Admin. exp. to non-markup/interest income (D8/D6) (times) -11.05
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 96.28%
2.Investment to total assets (C4/C) 0.00
3.Advances net of provision to total assets (C8/C) 0.00
4.Deposits to total assets ( B3/C) 0.00
5.Total liabilities to total assets (B/C) 11.96%
6.Gross advances to deposit (C5/B3) -
7.Gross advances to borrowing & deposit C5/(B2+B3) -
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) -
2.Provision against NPLs to gross advances (C7/C5) -
3.NPLs to total equity (C6/A) 0.00
4.NPLs write off to NPLs provision (D4/C7) -
5.Provision against NPL to NPLs (C7/C6) -
I.Capital/leverage ratios
1.Capital ratio (A/C) 91.54%
2.Commitments & contingencies to total equity (E2/A) (times) 0.13
3.Total deposit to total equity (B3/A) (times) 0.00
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) -2.28

59

Financial Statement Analysis of Financial Sector

CITI BANK N. A.
Items 2014 2015
A.Total equity (A1 to A3) 10,025,646 10,580,250
1.Head office capital account 6,812,671 6,812,671
2.Reserves 156,327 164,791
3.Unremitted profit 3,056,648 3,602,788
4.Others 508,383 186,318
B.Total liabilities (B1 to B4) 70,719,943 77,876,917
1.Bills payable 1,564,744 1,766,257
2.Borrowings from financial institutions 14,012,805 7,003,479
3.Deposits and other accounts 48,143,989 61,742,683
4.Other/misc. liabilities 6,998,405 7,364,498
C.Total assets (C1 to C4 + C8 to C10) 81,253,972 88,643,485
1.Cash and balances with treasury banks 4,267,790 4,809,308
2.Balances with other banks 170,697 704,912
3.Lending to financial institutions 2,826,481 8,464,057
4.Investments 39,326,537 48,585,117
5.Gross advances 31,621,083 24,460,487
6.Advances-non-performing/classified 3,425,347 3,070,673
7.Provision against advances 3,425,493 3,070,890
8.Advances net of provision (C5-C7) 28,195,590 21,389,597
9.Fixed assets 355,154 458,331
10.Other/misc. assets 6,111,723 4,232,163
D.Profit & loss account
1.Markup/interest earned 6,921,301 5,961,665
2.Markup/interest expenses 2,866,462 2,347,225
3.Net markup/interest income 4,054,839 3,614,440
4.Provisions and write-offs (128,922) (174,532)
5.Net markup/interest income after provisions 4,183,761 3,788,972
6.Non-markup/interest income 2,241,242 3,862,852
7.Non-markup/interest expenses 1,822,355 1,992,717
8.Administrative expenses 1,750,685 1,930,627
9.Profit/(loss) before taxation 4,602,648 5,659,107
10.Profit/(loss) after taxation 3,090,561 3,609,224
E.Other items
1.Cash generated from operating activities 7,820,886 18,395,756
2.Commitments and contingencies 154,835,873 238,019,462
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 58.58% 60.63%
2.Net markup/interest margin (D1-D2)/C 4.99% 4.08%
3.Return on equity (ROE) (D10/A) 30.83% 34.11%
4.Return on assets (ROA) (D10/C) 0.04 4.07%
5.Non-markup/interest income to total assets ( 2.76% 4.36%
6.Net markup/Interest income (after prov.) to to 5.15% 4.27%
7.Markup/interest expense to markup/interest 41.42% 39.37%
8.Admin expense to profit before tax.(D8/D9) (t 0.38 0.34
9.Non-markup/interest expense to total incom 19.89% 20.28%
10.Admin. exp. to non-markup/interest income ( 0.78 0.50
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 5.46% 6.22%
2.Investment to total assets (C4/C) 0.48 54.81%
3.Advances net of provision to total assets (C8/ 0.35 24.13%
4.Deposits to total assets ( B3/C) 59.25% 69.65%
5.Total liabilities to total assets (B/C) 87.04% 87.85%
6.Gross advances to deposit (C5/B3) 65.68% 39.62%
7.Gross advances to borrowing & deposit C5/( 50.87% 35.58%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 10.83% 12.55%
2.Provision against NPLs to gross advances (C 10.83% 12.55%
3.NPLs to total equity (C6/A) 34.17% 29.02%
4.NPLs write off to NPLs provision (D4/C7) -3.76% -5.68%
5.Provision against NPL to NPLs (C7/C6) 1.00 100.01%
I.Capital/leverage ratios
1.Capital ratio (A/C) 12.34% 11.94%
2.Commitments & contingencies to total equity ( 15.44 22.50
3.Total deposit to total equity (B3/A) (times) 4.80 5.84
J.Cash flow ratio
1.Cash generated from operating activities to pro 2.53 5.10

60

Financial Statement Analysis of Financial Sector

DEUTSCHE BANK AG
Items 2014 2015
A.Total equity (A1 to A3) 5,146,124 5,899,894
1.Head office capital account 3,914,059 3,667,658
2.Reserves 0 0
3.Unremitted profit 1,232,065 2,232,236
4.Others 16,837 0
B.Total liabilities (B1 to B4) 16,544,604 15,214,089
1.Bills payable 629,787 942,655
2.Borrowings from financial institutions 860,407 11,113
3.Deposits and other accounts 12,663,537 11,977,105
4.Other/misc. liabilities 2,390,873 2,283,216
C.Total assets (C1 to C4 + C8 to C10) 21,707,565 21,113,983
1.Cash and balances with treasury banks 5,523,757 5,539,927
2.Balances with other banks 492,331 951,925
3.Lending to financial institutions 6,312,559 6,422,104
4.Investments 842,929 0
5.Gross advances 7,033,875 6,667,252
6.Advances-non-performing/classified 347,570 96,511
7.Provision against advances 430,805 107,483
8.Advances net of provision (C5-C7) 6,603,070 6,559,769
9.Fixed assets 304,984 324,115
10.Other/misc. assets 1,627,935 1,316,143
D.Profit & loss account
1.Markup/interest earned 1,541,981 1,370,390
2.Markup/interest expenses 725,537 442,887
3.Net markup/interest income 816,444 927,503
4.Provisions and write-offs 43,504 (334,513)
5.Net markup/interest income after provisions 772,940 1,262,016
6.Non-markup/interest income 1,134,440 1,437,384
7.Non-markup/interest expenses 997,465 1,043,430
8.Administrative expenses 996,823 1,043,460
9.Profit/(loss) before taxation 909,915 1,655,970
10.Profit/(loss) after taxation 588,619 1,015,571
E.Other items
1.Cash generated from operating activities (4,241,374) (98,646)
2.Commitments and contingencies 87,899,880 55,565,227
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 52.95% 67.68%
2.Net markup/interest margin (D1-D2)/C 3.76% 4.39%
3.Return on equity (ROE) (D10/A) 11.44% 17.21%
4.Return on assets (ROA) (D10/C) 2.71% 4.81%
5.Non-markup/interest income to total assets ( 5.23% 6.81%
6.Net markup/Interest income (after prov.) to to 3.56% 5.98%
7.Markup/interest expense to markup/interest 47.05% 32.32%
8.Admin expense to profit before tax.(D8/D9) (t 1.10 0.63
9.Non-markup/interest expense to total incom 37.27% 37.16%
10.Admin. exp. to non-markup/interest income ( 0.88 0.73
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 27.71% 30.75%
2.Investment to total assets (C4/C) 3.88% 0.00
3.Advances net of provision to total assets (C8/ 30.42% 31.07%
4.Deposits to total assets ( B3/C) 58.34% 56.73%
5.Total liabilities to total assets (B/C) 76.22% 72.06%
6.Gross advances to deposit (C5/B3) 55.54% 55.67%
7.Gross advances to borrowing & deposit C5/( 52.01% 55.62%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 4.94% 1.45%
2.Provision against NPLs to gross advances (C 6.12% 1.61%
3.NPLs to total equity (C6/A) 6.75% 1.64%
4.NPLs write off to NPLs provision (D4/C7) 0.10 -311.22%
5.Provision against NPL to NPLs (C7/C6) 123.95% 111.37%
I.Capital/leverage ratios
1.Capital ratio (A/C) 23.71% 27.94%
2.Commitments & contingencies to total equity ( 17.08 9.42
3.Total deposit to total equity (B3/A) (times) 2.46 2.03
J.Cash flow ratio
1.Cash generated from operating activities to pro -7.21 -0.10

61
 Financial Statement Analysis of Financial Sector
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD.
Items 2014 2015
A.Total equity (A1 to A3) 4,472,165 6,401,292
1.Head office capital account 3,627,239 3,780,941
2.Reserves 0 0
3.Unremitted profit 844,926 2,620,351
4.Others 35,401 (2,318)
B.Total liabilities (B1 to B4) 71,442,821 133,855,321
1.Bills payable 4,667 266,947
2.Borrowings from financial institutions 56,592,615 100,081,926
3.Deposits and other accounts 9,500,726 26,948,982
4.Other/misc. liabilities 5,344,813 6,557,466
C.Total assets (C1 to C4 + C8 to C10) 75,950,387 140,254,295
1.Cash and balances with treasury banks 4,329,697 5,413,124
2.Balances with other banks 295,142 246,427
3.Lending to financial institutions 1,129,730 669,547
4.Investments 63,074,604 124,771,022
5.Gross advances 6,087,050 6,999,406
6.Advances-non-performing/classified 0 0
7.Provision against advances 0 0
8.Advances net of provision (C5-C7) 6,087,050 6,999,406
9.Fixed assets 183,341 662,763
10.Other/misc. assets 850,823 1,492,006
D.Profit & loss account
1.Markup/interest earned 4,607,826 7,244,606
2.Markup/interest expenses 1,078,251 4,734,531
3.Net markup/interest income 3,529,575 2,510,075
4.Provisions and write-offs 0 0
5.Net markup/interest income after provisions 3,529,575 2,510,075
6.Non-markup/interest income (1,209,327) 1,734,741
7.Non-markup/interest expenses 915,410 1,423,955
8.Administrative expenses 915,410 1,423,955
9.Profit/(loss) before taxation 1,404,838 2,820,861
10.Profit/(loss) after taxation 915,166 1,775,329
E.Other items
1.Cash generated from operating activities 16,214,140 64,192,017
2.Commitments and contingencies 369,386,706 548,112,702
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 0.77 34.65%
2.Net markup/interest margin (D1-D2)/C 4.65% 1.79%
3.Return on equity (ROE) (D10/A) 20.46% 27.73%
4.Return on assets (ROA) (D10/C) 0.01 1.27%
5.Non-markup/interest income to total assets ( -1.59% 1.24%
6.Net markup/Interest income (after prov.) to to 4.65% 1.79%
7.Markup/interest expense to markup/interest 0.23 65.35%
8.Admin expense to profit before tax.(D8/D9) (t 0.65 0.50
9.Non-markup/interest expense to total incom 26.94% 15.86%
10.Admin. exp. to non-markup/interest income ( -0.76 0.82
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 6.09% 4.04%
2.Investment to total assets (C4/C) 83.05% 88.96%
3.Advances net of provision to total assets (C8/ 8.01% 4.99%
4.Deposits to total assets ( B3/C) 12.51% 19.21%
5.Total liabilities to total assets (B/C) 94.07% 95.44%
6.Gross advances to deposit (C5/B3) 64.07% 25.97%
7.Gross advances to borrowing & deposit C5/( 9.21% 5.51%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.00 0.00
2.Provision against NPLs to gross advances (C 0.00 0.00
3.NPLs to total equity (C6/A) 0.00 0.00
4.NPLs write off to NPLs provision (D4/C7) - -
5.Provision against NPL to NPLs (C7/C6) - -
I.Capital/leverage ratios
1.Capital ratio (A/C) 5.89% 4.56%
2.Commitments & contingencies to total equity ( 82.60 85.63
3.Total deposit to total equity (B3/A) (times) 2.12 4.21
J.Cash flow ratio
1.Cash generated from operating activities to pro 17.72 36.16

62

Financial Statement Analysis of Financial Sector

MUFG Bank Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 3,831,740 4,017,853
1.Head office capital account 3,716,072 3,856,160
2.Reserves 0 0
3.Unremitted profit 115,668 161,693
4.Others 0 0
B.Total liabilities (B1 to B4) 4,013,627 6,805,513
1.Bills payable 4,561 6,211
2.Borrowings from financial institutions 602,899 1,409,814
3.Deposits and other accounts 3,271,199 5,223,318
4.Other/misc. liabilities 134,968 166,170
C.Total assets (C1 to C4 + C8 to C10) 7,845,367 10,823,366
1.Cash and balances with treasury banks 4,016,022 4,233,157
2.Balances with other banks 9,643 127,674
3.Lending to financial institutions 1,408,414 3,741,212
4.Investments 0 0
5.Gross advances 2,257,101 2,589,396
6.Advances-non-performing/classified 0 0
7.Provision against advances 0 0
8.Advances net of provision (C5-C7) 2,257,101 2,589,396
9.Fixed assets 70,537 61,442
10.Other/misc. assets 83,650 70,485
D.Profit & loss account
1.Markup/interest earned 479,522 418,598
2.Markup/interest expenses 387,087 337,824
3.Net markup/interest income 92,435 80,774
4.Provisions and write-offs 0 0
5.Net markup/interest income after provisions 92,435 80,774
6.Non-markup/interest income 171,961 185,232
7.Non-markup/interest expenses 195,395 203,241
8.Administrative expenses 193,715 201,907
9.Profit/(loss) before taxation 69,001 62,765
10.Profit/(loss) after taxation 27,177 45,293
E.Other items
1.Cash generated from operating activities (313,418) 201,179
2.Commitments and contingencies 3,249,880 3,623,399
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 19.28% 0.19
2.Net markup/interest margin (D1-D2)/C 1.18% 0.75%
3.Return on equity (ROE) (D10/A) 0.71% 1.13%
4.Return on assets (ROA) (D10/C) 0.35% 0.42%
5.Non-markup/interest income to total assets ( 2.19% 1.71%
6.Net markup/Interest income (after prov.) to to 1.18% 0.75%
7.Markup/interest expense to markup/interest 80.72% 0.81
8.Admin expense to profit before tax.(D8/D9) (t 2.81 3.22
9.Non-markup/interest expense to total incom 29.99% 33.66%
10.Admin. exp. to non-markup/interest income ( 1.13 1.09
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 51.31% 40.29%
2.Investment to total assets (C4/C) 0.00 0.00
3.Advances net of provision to total assets (C8/ 28.77% 23.92%
4.Deposits to total assets ( B3/C) 0.42 48.26%
5.Total liabilities to total assets (B/C) 51.16% 62.88%
6.Gross advances to deposit (C5/B3) 0.69 49.57%
7.Gross advances to borrowing & deposit C5/( 58.26% 39.04%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.00 0.00
2.Provision against NPLs to gross advances (C 0.00 0.00
3.NPLs to total equity (C6/A) 0.00 0.00
4.NPLs write off to NPLs provision (D4/C7) - -
5.Provision against NPL to NPLs (C7/C6) - -
I.Capital/leverage ratios
1.Capital ratio (A/C) 48.84% 37.12%
2.Commitments & contingencies to total equity ( 0.85 0.90
3.Total deposit to total equity (B3/A) (times) 0.85 1.30
J.Cash flow ratio
1.Cash generated from operating activities to pro -11.53 4.44

63

Financial Statement Analysis of Financial Sector

DFIs - Overall
Items 2014 2015
A.Total equity (A1 to A3) 68,518,176 72,981,311
1.Share capital 45,408,180 46,008,180
2.Reserves 9,087,130 10,393,506
3.Un appropriated profit 14,022,866 16,579,625
4.Others 3,732,239 3,932,799
B.Total liabilities (B1 to B4) 82,109,402 91,766,432
1.Bills payable 0 0
2.Borrowings from financial institutions 63,207,412 75,277,200
3.Deposits and other accounts 15,001,673 12,042,790
4.Other/misc. liabilities 3,900,317 4,446,442
C.Total assets (C1 to C4 + C8 to C10) 154,359,817 168,680,542
1.Cash and balances with treasury banks 479,219 553,237
2.Balances with other banks 3,363,892 5,133,257
3.Lending to financial institutions 1,542,177 862,824
4.Investments 101,119,743 107,504,887
5.Gross advances 46,794,241 53,274,895
6.Advances-non-performing/classified 10,459,009 10,983,921
7.Provisions against advances 8,587,681 8,800,260
8.Advances net of provisions (C5-C7) 38,206,560 44,474,635
9.Fixed assets 3,047,244 3,484,637
10.Other/misc. assets 6,600,982 6,667,065
D.Profit & loss account
1.Markup/interest earned 11,259,232 11,475,539
2.markup/interest expensed 6,413,521 5,927,632
3.Net markup/interest income 4,845,711 5,547,907
4.Provisions and write-offs 207,702 974,094
5.Net markup/interest income after provisions 4,638,009 4,573,813
6.Non-markup/interest income 5,045,133 5,811,601
7.Non-markup/interest expenses 2,532,510 2,719,087
8.Administrative expenses 2,545,547 2,637,898
9.Profit/(loss) before taxation 7,742,348 8,083,446
10.Profit/(loss) after taxation 6,262,914 5,616,381
E.Other items
1.No. of ordinary shares (000) 3,941,058 4,001,058
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 20,844,127 5,249,013
5.Commitments and contigencies 33,921,165 16,681,086
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 43.04% 48.35%
2.Net markup/interest margin (D1-D2)/C 3.14% 3.29%
3.Return on equity (ROE) (D10/A) 9.14% 0.08
4.Return on assets (ROA) (D10/C) 4.06% 3.33%
5.Non-markup/interest income to total assets ( 3.27% 3.45%
6.Net markup/interest income(after provisions) 0.03 2.71%
7.Markup/interest expenses to markup/interest 56.96% 51.65%
8.Admin. expenses to profit before tax. (D8/D9) 0.33 0.33
9.Non-markup/interest expenses to total inco 0.16 0.16
10.Admin. expenses to non-markup/interest in 0.50 0.45
11.Earning per share (D10/E1) 1.59 1.40
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 2.49% 3.37%
2.Investment to total assets (C4/C) 65.51% 63.73%
3.Advances net of provisions to total assets (C8 24.75% 26.37%
4.Deposits to total assets (B3/C) 9.72% 7.14%
5.Total liabilities to total assets (B/C) 53.19% 0.54
6.Gross advances to deposits (C5/B3) 311.93% 442.38%
7.Gross advances to borrowing & deposits C5/ 59.83% 61.01%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 22.35% 20.62%
2.Provision against NPLs to gross advances (C 18.35% 16.52%
3.NPLs to total equity (C6/A) 15.26% 15.05%
4.NPLs write off to NPLs provisions (D4/C7) 2.42% 11.07%
5.Provision against NPL to NPLs (C7/C6) 82.11% 80.12%
I.Capital /leverage ratios
1.Capital ratio (A/C) 44.39% 43.27%
2.Commitments & contingencies to total equity ( 0.50 0.23
3.Break up value per share (A/E1) 17.39 18.24
4.Total deposits to total equity (B3/A) (times) 0.22 0.17
J.Cash flow ratio
1.Cash generated from operating activities to pro 3.33 0.93

66

Financial Statement Analysis of Financial Sector

PAIR INVESTMENT CO. LTD. (FORMERLY PAK-IRAN JOINT
Items 2014 2015
A.Total equity (A1 to A3) 8,617,541 9,063,615
1.Share capital 6,000,000 6,000,000
2.Reserves 553,966 673,449
3.Un appropriated profit 2,063,575 2,390,166
4.Others 176,037 129,863
B.Total liabilities (B1 to B4) 9,950,638 14,027,799
1.Bills payable 0 0
2.Borrowings from financial institutions 9,221,225 11,652,435
3.Deposits and other accounts 386,060 1,890,502
4.Other/misc. liabilities 343,353 484,862
C.Total assets (C1 to C4 + C8 to C10) 18,744,216 23,221,277
1.Cash and balances with treasury banks 33,303 46,114
2.Balances with other banks 261,059 215,426
3.Lending to financial institutions 0 0
4.Investments 14,114,870 18,807,372
5.Gross advances 4,463,459 4,410,476
6.Advances-non-performing/classified 1,330,507 1,300,078
7.Provisions against advances 871,281 907,528
8.Advances net of provisions (C5-C7) 3,592,178 3,502,948
9.Fixed assets 210,352 191,311
10.Other/misc. assets 532,454 458,106
D.Profit & loss account
1.Markup/interest earned 1,233,407 1,509,674
2.markup/interest expensed 508,046 627,125
3.Net markup/interest income 725,361 882,549
4.Provisions and write-offs 350,559 16,949
5.Net markup/interest income after provisions 374,802 865,600
6.Non-markup/interest income 372,345 359,760
7.Non-markup/interest expenses 283,150 302,029
8.Administrative expenses 285,046 302,183
9.Profit/(loss) before taxation 463,997 923,331
10.Profit/(loss) after taxation 351,869 597,414
E.Other items
1.No. of ordinary shares (000) 600,000 600,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,601,343 4,181,808
5.Commitments and contigencies 8,618,704 517,936
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 58.81% 58.46%
2.Net markup/interest margin (D1-D2)/C 3.87% 0.04
3.Return on equity (ROE) (D10/A) 4.08% 6.59%
4.Return on assets (ROA) (D10/C) 1.88% 2.57%
5.Non-markup/interest income to total assets ( 1.99% 1.55%
6.Net markup/interest income(after provisions) 0.02 3.73%
7.Markup/interest expenses to markup/interest 41.19% 41.54%
8.Admin. expenses to profit before tax. (D8/D9) 0.61 0.33
9.Non-markup/interest expenses to total inco 0.18 0.16
10.Admin. expenses to non-markup/interest in 0.77 0.84
11.Earning per share (D10/E1) 0.59 1.00
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 1.57% 1.13%
2.Investment to total assets (C4/C) 0.75 80.99%
3.Advances net of provisions to total assets (C8 19.16% 15.09%
4.Deposits to total assets (B3/C) 2.06% 8.14%
5.Total liabilities to total assets (B/C) 53.09% 60.41%
6.Gross advances to deposits (C5/B3) 1156.16% 2.33
7.Gross advances to borrowing & deposits C5/ 46.46% 32.57%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 29.81% 29.48%
2.Provision against NPLs to gross advances (C 19.52% 20.58%
3.NPLs to total equity (C6/A) 15.44% 14.34%
4.NPLs write off to NPLs provisions (D4/C7) 40.23% 1.87%
5.Provision against NPL to NPLs (C7/C6) 65.48% 69.81%
I.Capital /leverage ratios
1.Capital ratio (A/C) 45.97% 39.03%
2.Commitments & contingencies to total equity ( 1.00 0.06
3.Break up value per share (A/E1) 14.36 15.11
4.Total deposits to total equity (B3/A) (times) 0.04 0.21
J.Cash flow ratio
1.Cash generated from operating activities to pro 4.55 7.00

67

Financial Statement Analysis of Financial Sector

PAK BRUNEI INVESTMENT COMPANY LTD.
Items 2014 2015
A.Total equity (A1 to A3) 9,052,895 9,781,586
1.Share capital 6,000,000 6,000,000
2.Reserves 878,000 1,065,388
3.Un appropriated profit 2,174,895 2,716,198
4.Others 150,679 (40,121)
B.Total liabilities (B1 to B4) 23,795,533 19,470,183
1.Bills payable 0 0
2.Borrowings from financial institutions 18,089,905 14,543,592
3.Deposits and other accounts 5,164,230 4,218,289
4.Other/misc. liabilities 541,398 708,302
C.Total assets (C1 to C4 + C8 to C10) 32,999,107 29,211,648
1.Cash and balances with treasury banks 123,153 102,304
2.Balances with other banks 173,645 487,887
3.Lending to financial institutions 0 0
4.Investments 24,192,538 16,765,721
5.Gross advances 7,396,146 10,400,053
6.Advances-non-performing/classified 2,537 311,707
7.Provisions against advances 2,864 156,373
8.Advances net of provisions (C5-C7) 7,393,282 10,243,680
9.Fixed assets 37,204 49,584
10.Other/misc. assets 1,079,285 1,562,472
D.Profit & loss account
1.Markup/interest earned 2,507,431 1,837,519
2.markup/interest expensed 2,035,772 1,278,615
3.Net markup/interest income 471,659 558,904
4.Provisions and write-offs (3,665) 179,179
5.Net markup/interest income after provisions 475,324 379,725
6.Non-markup/interest income 472,643 778,424
7.Non-markup/interest expenses 340,781 309,956
8.Administrative expenses 340,661 309,956
9.Profit/(loss) before taxation 1,198,902 1,265,313
10.Profit/(loss) after taxation 988,850 929,829
E.Other items
1.No. of ordinary shares (000) 600,000 600,000
2.Cash dividend 0.00 1980.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (3,973,693) (7,172,070)
5.Commitments and contigencies 18,156,495 9,921,611
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 18.81% 30.42%
2.Net markup/interest margin (D1-D2)/C 1.43% 1.91%
3.Return on equity (ROE) (D10/A) 10.92% 9.51%
4.Return on assets (ROA) (D10/C) 0.03 3.18%
5.Non-markup/interest income to total assets ( 1.43% 2.66%
6.Net markup/interest income(after provisions) 1.44% 0.01
7.Markup/interest expenses to markup/interest 81.19% 69.58%
8.Admin. expenses to profit before tax. (D8/D9) 0.28 0.24
9.Non-markup/interest expenses to total inco 0.11 0.12
10.Admin. expenses to non-markup/interest in 0.72 0.40
11.Earning per share (D10/E1) 1.65 1.55
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 0.01 2.02%
2.Investment to total assets (C4/C) 73.31% 57.39%
3.Advances net of provisions to total assets (C8 0.22 35.07%
4.Deposits to total assets (B3/C) 15.65% 14.44%
5.Total liabilities to total assets (B/C) 72.11% 66.65%
6.Gross advances to deposits (C5/B3) 143.22% 246.55%
7.Gross advances to borrowing & deposits C5/ 31.81% 55.43%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.03% 0.03
2.Provision against NPLs to gross advances (C 0.04% 0.02
3.NPLs to total equity (C6/A) 0.03% 3.19%
4.NPLs write off to NPLs provisions (D4/C7) -127.97% 114.58%
5.Provision against NPL to NPLs (C7/C6) 112.89% 50.17%
I.Capital /leverage ratios
1.Capital ratio (A/C) 27.43% 33.49%
2.Commitments & contingencies to total equity ( 2.01 1.01
3.Break up value per share (A/E1) 15.09 16.30
4.Total deposits to total equity (B3/A) (times) 0.57 0.43
J.Cash flow ratio
1.Cash generated from operating activities to pro -4.02 -7.71

68

Financial Statement Analysis of Financial Sector

PAK CHINA INVESTMENT CO. LTD.
Items 2014 2015
A.Total equity (A1 to A3) 12,761,949 13,385,443
1.Share capital 9,116,400 9,116,400
2.Reserves 729,568 854,267
3.Un appropriated profit 2,915,981 3,414,776
4.Others 185,913 175,763
B.Total liabilities (B1 to B4) 7,059,711 6,988,210
1.Bills payable 0 0
2.Borrowings from financial institutions 6,741,689 6,903,226
3.Deposits and other accounts 250,000 0
4.Other/misc. liabilities 68,022 84,984
C.Total assets (C1 to C4 + C8 to C10) 20,007,573 20,549,416
1.Cash and balances with treasury banks 51,867 116,865
2.Balances with other banks 1,882,251 2,033,472
3.Lending to financial institutions 0 0
4.Investments 11,288,944 12,091,247
5.Gross advances 6,554,094 6,353,733
6.Advances-non-performing/classified 762,499 652,789
7.Provisions against advances 597,190 645,999
8.Advances net of provisions (C5-C7) 5,956,904 5,707,734
9.Fixed assets 199,423 183,466
10.Other/misc. assets 628,184 416,632
D.Profit & loss account
1.Markup/interest earned 1,331,381 1,550,371
2.markup/interest expensed 219,807 406,220
3.Net markup/interest income 1,111,574 1,144,151
4.Provisions and write-offs 150,353 121,791
5.Net markup/interest income after provisions 961,221 1,022,360
6.Non-markup/interest income 19,396 237,637
7.Non-markup/interest expenses 361,813 309,121
8.Administrative expenses 325,678 302,939
9.Profit/(loss) before taxation 618,804 950,875
10.Profit/(loss) after taxation 469,409 620,823
E.Other items
1.No. of ordinary shares (000) 911,640 911,640
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 6,990,725 974,486
5.Commitments and contigencies 311,417 48,825
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 83.49% 0.74
2.Net markup/interest margin (D1-D2)/C 5.56% 5.57%
3.Return on equity (ROE) (D10/A) 3.68% 4.64%
4.Return on assets (ROA) (D10/C) 2.35% 3.02%
5.Non-markup/interest income to total assets ( 0.00 1.16%
6.Net markup/interest income(after provisions) 0.05 4.98%
7.Markup/interest expenses to markup/interest 16.51% 0.26
8.Admin. expenses to profit before tax. (D8/D9) 0.53 0.32
9.Non-markup/interest expenses to total inco 0.27 0.17
10.Admin. expenses to non-markup/interest in 16.79 1.27
11.Earning per share (D10/E1) 0.51 0.68
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 9.67% 10.46%
2.Investment to total assets (C4/C) 56.42% 58.84%
3.Advances net of provisions to total assets (C8 29.77% 27.78%
4.Deposits to total assets (B3/C) 1.25% 0.00
5.Total liabilities to total assets (B/C) 35.29% 34.01%
6.Gross advances to deposits (C5/B3) 2621.64% -
7.Gross advances to borrowing & deposits C5/ 93.74% 92.04%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 11.63% 10.27%
2.Provision against NPLs to gross advances (C 9.11% 10.17%
3.NPLs to total equity (C6/A) 5.97% 4.88%
4.NPLs write off to NPLs provisions (D4/C7) 25.18% 18.85%
5.Provision against NPL to NPLs (C7/C6) 78.32% 98.96%
I.Capital /leverage ratios
1.Capital ratio (A/C) 63.79% 65.14%
2.Commitments & contingencies to total equity ( 0.02 0.00
3.Break up value per share (A/E1) 14.00 14.68
4.Total deposits to total equity (B3/A) (times) 0.02 0.00
J.Cash flow ratio
1.Cash generated from operating activities to pro 14.89 1.57

69
 Financial Statement Analysis of Financial Sector
PAK KUWAIT INVESTMENT CO. (PVT) LTD.
Items 2014 2015
A.Total equity (A1 to A3) 18,512,041 19,726,808
1.Share capital 6,000,000 6,000,000
2.Reserves 5,200,005 5,748,570
3.Un appropriated profit 7,312,036 7,978,238
4.Others 1,103,639 889,086
B.Total liabilities (B1 to B4) 5,018,493 7,751,093
1.Bills payable 0 0
2.Borrowings from financial institutions 3,557,518 6,246,955
3.Deposits and other accounts 397,790 179,750
4.Other/misc. liabilities 1,063,185 1,324,388
C.Total assets (C1 to C4 + C8 to C10) 24,634,173 28,366,987
1.Cash and balances with treasury banks 53,667 63,957
2.Balances with other banks 20,335 20,718
3.Lending to financial institutions 28,000 0
4.Investments 20,901,562 22,142,622
5.Gross advances 4,362,535 6,618,230
6.Advances-non-performing/classified 1,695,364 1,621,319
7.Provisions against advances 1,564,607 1,504,586
8.Advances net of provisions (C5-C7) 2,797,928 5,113,644
9.Fixed assets 188,609 169,034
10.Other/misc. assets 644,072 857,012
D.Profit & loss account
1.Markup/interest earned 1,408,799 1,229,530
2.markup/interest expensed 619,925 365,227
3.Net markup/interest income 788,874 864,303
4.Provisions and write-offs (163,013) 434,720
5.Net markup/interest income after provisions 951,887 429,583
6.Non-markup/interest income 2,802,327 2,619,921
7.Non-markup/interest expenses 558,850 545,252
8.Administrative expenses 558,394 545,222
9.Profit/(loss) before taxation 3,195,364 2,504,252
10.Profit/(loss) after taxation 2,677,680 1,828,550
E.Other items
1.No. of ordinary shares (000) 240 240
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 5,780,181 356,224
5.Commitments and contigencies 859,482 2,452,764
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.56 0.70
2.Net markup/interest margin (D1-D2)/C 0.03 3.05%
3.Return on equity (ROE) (D10/A) 14.46% 9.27%
4.Return on assets (ROA) (D10/C) 10.87% 6.45%
5.Non-markup/interest income to total assets ( 11.38% 9.24%
6.Net markup/interest income(after provisions) 3.86% 1.51%
7.Markup/interest expenses to markup/interest 0.44 0.30
8.Admin. expenses to profit before tax. (D8/D9) 0.17 0.22
9.Non-markup/interest expenses to total inco 0.13 0.14
10.Admin. expenses to non-markup/interest in 0.20 0.21
11.Earning per share (D10/E1) 11157.00 7,618.96
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 0.00 0.00
2.Investment to total assets (C4/C) 84.85% 78.06%
3.Advances net of provisions to total assets (C8 11.36% 18.03%
4.Deposits to total assets (B3/C) 1.61% 0.63%
5.Total liabilities to total assets (B/C) 20.37% 27.32%
6.Gross advances to deposits (C5/B3) 1096.69% 3681.91%
7.Gross advances to borrowing & deposits C5/ 1.10 102.98%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 38.86% 0.25
2.Provision against NPLs to gross advances (C 35.86% 22.73%
3.NPLs to total equity (C6/A) 9.16% 8.22%
4.NPLs write off to NPLs provisions (D4/C7) -10.42% 28.89%
5.Provision against NPL to NPLs (C7/C6) 92.29% 0.93
I.Capital /leverage ratios
1.Capital ratio (A/C) 75.15% 69.54%
2.Commitments & contingencies to total equity ( 0.05 0.12
3.Break up value per share (A/E1) 77133.50 82,195.03
4.Total deposits to total equity (B3/A) (times) 0.02 0.01
J.Cash flow ratio
1.Cash generated from operating activities to pro 2.16 0.19

70

Financial Statement Analysis of Financial Sector

PAK LIBYA HOLDING COMPANY LTD.
Items 2014 2015
A.Total equity (A1 to A3) 3,568,845 3,873,949
1.Share capital 6,141,780 6,141,780
2.Reserves 82,855 143,860
3.Un appropriated profit (2,655,790) (2,411,691)
4.Others 17,842 20,794
B.Total liabilities (B1 to B4) 8,849,498 11,379,536
1.Bills payable 0 0
2.Borrowings from financial institutions 6,097,465 9,441,099
3.Deposits and other accounts 2,470,607 1,737,389
4.Other/misc. liabilities 281,426 201,048
C.Total assets (C1 to C4 + C8 to C10) 12,436,185 15,274,279
1.Cash and balances with treasury banks 68,845 65,712
2.Balances with other banks 64,144 30,481
3.Lending to financial institutions 0 320,000
4.Investments 7,703,305 10,922,328
5.Gross advances 6,269,304 5,810,534
6.Advances-non-performing/classified 3,244,836 3,229,136
7.Provisions against advances 2,561,390 2,572,123
8.Advances net of provisions (C5-C7) 3,707,914 3,238,411
9.Fixed assets 87,907 69,960
10.Other/misc. assets 804,070 627,387
D.Profit & loss account
1.Markup/interest earned 1,317,502 1,385,571
2.markup/interest expensed 1,002,284 1,025,661
3.Net markup/interest income 315,218 359,910
4.Provisions and write-offs (136,645) (60,605)
5.Net markup/interest income after provisions 451,863 420,515
6.Non-markup/interest income 214,029 444,233
7.Non-markup/interest expenses 348,313 392,333
8.Administrative expenses 378,461 367,407
9.Profit/(loss) before taxation 317,579 472,415
10.Profit/(loss) after taxation 232,681 305,026
E.Other items
1.No. of ordinary shares (000) 614,178 614,178
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,270,311 1,990,238
5.Commitments and contigencies 1,261,162 1,480,479
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 23.93% 25.98%
2.Net markup/interest margin (D1-D2)/C 2.53% 2.36%
3.Return on equity (ROE) (D10/A) 6.52% 7.87%
4.Return on assets (ROA) (D10/C) 1.87% 0.02
5.Non-markup/interest income to total assets ( 1.72% 2.91%
6.Net markup/interest income(after provisions) 3.63% 2.75%
7.Markup/interest expenses to markup/interest 76.07% 74.02%
8.Admin. expenses to profit before tax. (D8/D9) 1.19 0.78
9.Non-markup/interest expenses to total inco 0.23 0.21
10.Admin. expenses to non-markup/interest in 1.77 0.83
11.Earning per share (D10/E1) 0.38 0.50
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 1.07% 0.63%
2.Investment to total assets (C4/C) 61.94% 71.51%
3.Advances net of provisions to total assets (C8 29.82% 0.21
4.Deposits to total assets (B3/C) 19.87% 11.37%
5.Total liabilities to total assets (B/C) 71.16% 0.75
6.Gross advances to deposits (C5/B3) 253.76% 334.44%
7.Gross advances to borrowing & deposits C5/ 73.17% 51.98%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 51.76% 55.57%
2.Provision against NPLs to gross advances (C 40.86% 44.27%
3.NPLs to total equity (C6/A) 90.92% 83.36%
4.NPLs write off to NPLs provisions (D4/C7) -5.33% -2.36%
5.Provision against NPL to NPLs (C7/C6) 78.94% 79.65%
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.29 25.36%
2.Commitments & contingencies to total equity ( 0.35 0.38
3.Break up value per share (A/E1) 5.81 6.31
4.Total deposits to total equity (B3/A) (times) 0.69 0.45
J.Cash flow ratio
1.Cash generated from operating activities to pro 5.46 6.52

71

Financial Statement Analysis of Financial Sector

PAK OMAN INVESTMENT COMPANY LTD.
Items 2014 2015
A.Total equity (A1 to A3) 7,418,725 7,770,203
1.Share capital 6,150,000 6,150,000
2.Reserves 722,810 843,304
3.Un appropriated profit 545,915 776,899
4.Others 293,446 394,883
B.Total liabilities (B1 to B4) 15,653,452 19,029,543
1.Bills payable 0 0
2.Borrowings from financial institutions 8,868,730 14,479,440
3.Deposits and other accounts 6,295,986 4,009,860
4.Other/misc. liabilities 488,736 540,243
C.Total assets (C1 to C4 + C8 to C10) 23,365,623 27,194,629
1.Cash and balances with treasury banks 99,912 93,725
2.Balances with other banks 269,173 1,586,956
3.Lending to financial institutions 614,177 362,824
4.Investments 12,179,521 14,073,356
5.Gross advances 9,964,228 10,907,725
6.Advances-non-performing/classified 1,037,908 1,193,866
7.Provisions against advances 893,914 914,462
8.Advances net of provisions (C5-C7) 9,070,314 9,993,263
9.Fixed assets 68,669 82,316
10.Other/misc. assets 1,063,857 1,002,189
D.Profit & loss account
1.Markup/interest earned 2,117,169 2,242,063
2.markup/interest expensed 1,360,752 1,356,296
3.Net markup/interest income 756,417 885,767
4.Provisions and write-offs 221,033 196,135
5.Net markup/interest income after provisions 535,384 689,632
6.Non-markup/interest income 402,674 789,972
7.Non-markup/interest expenses 392,775 504,340
8.Administrative expenses 372,736 468,230
9.Profit/(loss) before taxation 545,283 975,264
10.Profit/(loss) after taxation 383,593 602,471
E.Other items
1.No. of ordinary shares (000) 615,000 615,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 4,768,958 3,080,661
5.Commitments and contigencies 3,194,247 1,724,504
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 35.73% 39.51%
2.Net markup/interest margin (D1-D2)/C 3.24% 3.26%
3.Return on equity (ROE) (D10/A) 5.17% 7.75%
4.Return on assets (ROA) (D10/C) 1.64% 2.22%
5.Non-markup/interest income to total assets ( 1.72% 0.03
6.Net markup/interest income(after provisions) 2.29% 2.54%
7.Markup/interest expenses to markup/interest 64.27% 60.49%
8.Admin. expenses to profit before tax. (D8/D9) 0.68 0.48
9.Non-markup/interest expenses to total inco 0.16 0.17
10.Admin. expenses to non-markup/interest in 0.93 0.59
11.Earning per share (D10/E1) 0.62 0.98
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 1.58% 6.18%
2.Investment to total assets (C4/C) 52.13% 51.75%
3.Advances net of provisions to total assets (C8 38.82% 36.75%
4.Deposits to total assets (B3/C) 26.95% 14.75%
5.Total liabilities to total assets (B/C) 66.99% 69.98%
6.Gross advances to deposits (C5/B3) 158.26% 272.02%
7.Gross advances to borrowing & deposits C5/ 65.71% 58.99%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 10.42% 10.95%
2.Provision against NPLs to gross advances (C 8.97% 8.38%
3.NPLs to total equity (C6/A) 13.99% 15.36%
4.NPLs write off to NPLs provisions (D4/C7) 24.73% 21.45%
5.Provision against NPL to NPLs (C7/C6) 86.13% 0.77
I.Capital /leverage ratios
1.Capital ratio (A/C) 31.75% 28.57%
2.Commitments & contingencies to total equity ( 0.43 0.22
3.Break up value per share (A/E1) 12.06 12.63
4.Total deposits to total equity (B3/A) (times) 0.85 0.52
J.Cash flow ratio
1.Cash generated from operating activities to pro 12.43 5.11

72

Financial Statement Analysis of Financial Sector

SAUDI PAK INDUSTRIAL & AGRI. INV CO. (PVT) LTD.
Items 2014 2015
A.Total equity (A1 to A3) 8,586,180 9,379,707
1.Share capital 6,000,000 6,600,000
2.Reserves 919,926 1,064,668
3.Un appropriated profit 1,666,254 1,715,039
4.Others 1,804,683 2,362,531
B.Total liabilities (B1 to B4) 11,782,077 13,120,068
1.Bills payable 0 0
2.Borrowings from financial institutions 10,630,880 12,010,453
3.Deposits and other accounts 37,000 7,000
4.Other/misc. liabilities 1,114,197 1,102,615
C.Total assets (C1 to C4 + C8 to C10) 22,172,940 24,862,306
1.Cash and balances with treasury banks 48,472 64,560
2.Balances with other banks 693,285 758,317
3.Lending to financial institutions 900,000 180,000
4.Investments 10,739,003 12,702,241
5.Gross advances 7,784,475 8,774,144
6.Advances-non-performing/classified 2,385,358 2,675,026
7.Provisions against advances 2,096,435 2,099,189
8.Advances net of provisions (C5-C7) 5,688,040 6,674,955
9.Fixed assets 2,255,080 2,738,966
10.Other/misc. assets 1,849,060 1,743,267
D.Profit & loss account
1.Markup/interest earned 1,343,543 1,720,811
2.markup/interest expensed 666,935 868,488
3.Net markup/interest income 676,608 852,323
4.Provisions and write-offs (210,920) 85,925
5.Net markup/interest income after provisions 887,528 766,398
6.Non-markup/interest income 761,719 581,654
7.Non-markup/interest expenses 246,828 356,056
8.Administrative expenses 284,571 341,961
9.Profit/(loss) before taxation 1,402,419 991,996
10.Profit/(loss) after taxation 1,158,832 732,268
E.Other items
1.No. of ordinary shares (000) 600,000 660,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 4,406,302 1,837,666
5.Commitments and contigencies 1,519,658 534,967
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 50.36% 49.53%
2.Net markup/interest margin (D1-D2)/C 3.05% 3.43%
3.Return on equity (ROE) (D10/A) 0.14 7.81%
4.Return on assets (ROA) (D10/C) 5.23% 2.95%
5.Non-markup/interest income to total assets ( 3.44% 2.34%
6.Net markup/interest income(after provisions) 0.04 3.08%
7.Markup/interest expenses to markup/interest 49.64% 50.47%
8.Admin. expenses to profit before tax. (D8/D9) 0.20 0.34
9.Non-markup/interest expenses to total inco 0.12 0.15
10.Admin. expenses to non-markup/interest in 0.37 0.59
11.Earning per share (D10/E1) 1.93 1.11
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 3.35% 3.31%
2.Investment to total assets (C4/C) 48.43% 51.09%
3.Advances net of provisions to total assets (C8 25.65% 26.85%
4.Deposits to total assets (B3/C) 0.17% 0.03%
5.Total liabilities to total assets (B/C) 53.14% 52.77%
6.Gross advances to deposits (C5/B3) 21039.12% 125344.91%
7.Gross advances to borrowing & deposits C5/ 72.97% 73.01%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 30.64% 30.49%
2.Provision against NPLs to gross advances (C 26.93% 23.92%
3.NPLs to total equity (C6/A) 27.78% 28.52%
4.NPLs write off to NPLs provisions (D4/C7) -10.06% 4.09%
5.Provision against NPL to NPLs (C7/C6) 87.89% 78.47%
I.Capital /leverage ratios
1.Capital ratio (A/C) 38.72% 37.73%
2.Commitments & contingencies to total equity ( 0.18 0.06
3.Break up value per share (A/E1) 14.31 14.21
4.Total deposits to total equity (B3/A) (times) 0.00 0.00
J.Cash flow ratio
1.Cash generated from operating activities to pro 3.80 2.51

All Microfinance Banks - Overall

Items 2014 2015
A.Total equity (A1 to A3) 18,079,359 23,893,485
1.Share capital 16,323,080 19,889,988
2.Reserves 1,513,220 2,093,205
3.Un appropriated profit 243,059 1,910,292
4.Others (3,130,498) (4,800,615)
B.Total liabilities(B1 to B4) 54,856,247 78,882,571
1.Bills payable 125,342 79,230
2.Borrowings from financial institutions 8,664,284 10,893,373
3.Deposits and other accounts 42,730,482 63,084,832
4.Other/misc. liabilities 3,336,139 4,825,136
C.Total assets (C1 to C4 + C8 to C10) 69,805,108 97,975,441
1.Cash and balances with treasury banks 3,464,599 4,700,656
2.Balances with other banks 6,502,405 10,562,456
3.Lending to financial institutions 1,150,351 3,675,981
4.Investments 14,565,967 13,520,656
5.Gross advances 36,892,137 55,351,880
6.Advances-non-performing/classified 444,029 894,820
7.Provision against advances 380,440 652,421
8.Advances net of provision (C5-C7) 36,511,697 54,699,459
9.Fixed assets 2,526,436 3,557,475
10.Other/misc. assets 5,083,653 7,258,758
D.Profit & loss account
1.Markup/interest earned 11,612,712 15,164,038
2.Markup/interest expensed 3,446,738 4,050,260
3.Net markup/interest income 8,165,974 11,113,778
4.Provisions and write-offs 526,450 764,028
5.Net markup/interest income after provisions 7,639,524 10,349,750
6.Non-markup/interest income 4,285,093 4,364,967
7.Non-markup/interest expenses 9,908,871 11,260,825
8.Administrative expenses 8,674,769 11,085,219
9.Profit/(loss) before taxation 2,015,767 3,453,890
10.Profit/(loss) after taxation 1,600,899 2,654,184
E.Other items
1.No. of ordinary shares (000) 1,632,307 1,988,998
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 1,161,828 3,820,707
5.Commitments and contigencies 132,388 65,963
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 70.32% 73.29%
2.Net markup/interest margin (D1-D2)/C 0.12 11.34%
3.Return on equity (ROE) (D10/A) 8.85% 11.11%
4.Return on assets (ROA) (D10/C) 2.29% 2.71%
5.Non-markup/interest income to total assets 6.14% 4.46%
6.Net markup/interest income(after prov.) to to 10.94% 10.56%
7.Markup/interest expense to markup/interest 29.68% 26.71%
8.Admin. expense to profit before tax. (D8/D9) ( 4.30 3.21
9.Non-markup/interest expense to total incom 62.33% 57.66%
10.Admin. expense to non-markup/interest inc 2.02 2.54
11.Earning per share (D10/E1) 0.98 1.33
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 14.28% 15.58%
2.Investment to total assets (C4/C) 20.87% 0.14
3.Advances net of provisions to total assets (C8 52.31% 55.83%
4.Deposits to total assets (B3/C) 61.21% 64.39%
5.Total liabilities to total assets (B/C) 78.58% 80.51%
6.Gross advances to deposits (C5/B3) 86.34% 87.74%
7.Gross advances to borrowing & deposit C5/( 71.78% 74.82%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.01 1.62%
2.Provisions against NPLs to gross advances ( 1.03% 1.18%
3.NPLs to shareholders equity (C6/A) 2.46% 3.75%
4.NPLs write off to NPLs provisions (D4/C7) 138.38% 117.11%
5.Provision against NPL to NPLs (C7/C6) 85.68% 72.91%
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.26 24.39%
2.Commitments & contingencies to total equity ( 0.01 0.00
3.Break up value per share (A/E1) 11.08 12.01
4.Total deposit to total equity (B3/A) (times) 2.36 2.64
J.Cash flow ratio
1.Cash generated from opration activities to prof 0.73 1.44

76

Financial Statement Analysis of Financial Sector

ADVANS PAKISTAN MICROFINANCE BANK LTD
Items 2014 2015
A.Total equity (A1 to A3) 547,310 469,644
1.Share capital 800,000 800,000
2.Reserves 0 0
3.Un appropriated profit (252,690) (330,356)
4.Others 21,149 16,924
B.Total liabilities(B1 to B4) 51,365 76,180
1.Bills payable 0 0
2.Borrowings from financial institutions 0 0
3.Deposits and other accounts 14,634 14,627
4.Other/misc. liabilities 36,731 61,553
C.Total assets (C1 to C4 + C8 to C10) 619,824 562,748
1.Cash and balances with treasury banks 11,802 17,391
2.Balances with other banks 258,332 197,455
3.Lending to financial institutions 0 0
4.Investments 147,084 0
5.Gross advances 102,610 201,748
6.Advances-non-performing/classified 4,306 23,426
7.Provision against advances 4,103 20,524
8.Advances net of provision (C5-C7) 98,507 181,224
9.Fixed assets 78,396 79,583
10.Other/misc. assets 25,703 87,095
D.Profit & loss account
1.Markup/interest earned 65,768 83,211
2.Markup/interest expensed 517 552
3.Net markup/interest income 65,251 82,659
4.Provisions and write-offs 6,968 25,893
5.Net markup/interest income after provisions 58,283 56,766
6.Non-markup/interest income 20,358 20,611
7.Non-markup/interest expenses 166,839 215,012
8.Administrative expenses 166,680 214,942
9.Profit/(loss) before taxation (88,175) (137,634)
10.Profit/(loss) after taxation (88,890) 77,666
E.Other items
1.No. of ordinary shares (000) 80,000 80,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (205,579) (175,047)
5.Commitments and contigencies 15,946 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 99.21% 99.34%
2.Net markup/interest margin (D1-D2)/C 10.53% 14.69%
3.Return on equity (ROE) (D10/A) -16.24% 16.54%
4.Return on assets (ROA) (D10/C) -14.34% 0.14
5.Non-markup/interest income to total assets 3.28% 3.66%
6.Net markup/interest income(after prov.) to to 0.09 10.09%
7.Markup/interest expense to markup/interest 0.79% 0.66%
8.Admin. expense to profit before tax. (D8/D9) ( -1.89 -1.56
9.Non-markup/interest expense to total incom 193.72% 2.07
10.Admin. expense to non-markup/interest inc 8.19 10.43
11.Earning per share (D10/E1) -1.11 0.97
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 43.58% 38.18%
2.Investment to total assets (C4/C) 23.73% 0.00
3.Advances net of provisions to total assets (C8 15.89% 0.32
4.Deposits to total assets (B3/C) 2.36% 0.03
5.Total liabilities to total assets (B/C) 8.29% 13.54%
6.Gross advances to deposits (C5/B3) 701.18% 1379.28%
7.Gross advances to borrowing & deposit C5/( 701.18% 1379.28%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.04 11.61%
2.Provisions against NPLs to gross advances ( 0.04 10.17%
3.NPLs to shareholders equity (C6/A) 0.79% 4.99%
4.NPLs write off to NPLs provisions (D4/C7) 169.83% 126.16%
5.Provision against NPL to NPLs (C7/C6) 95.29% 87.61%
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.88 83.46%
2.Commitments & contingencies to total equity ( 0.03 0.00
3.Break up value per share (A/E1) 6.84 5.87
4.Total deposit to total equity (B3/A) (times) 0.03 0.03
J.Cash flow ratio
1.Cash generated from opration activities to prof 2.31 -2.25

77

Financial Statement Analysis of Financial Sector

APNA MICROFINANCE BANK (formerly NETWORK MICROFI
Items 2014 2015
A.Total equity (A1 to A3) 909,010 1,979,794
1.Share capital 1,100,000 2,200,000
2.Reserves 1,280 1,280
3.Un appropriated profit (192,270) (221,486)
4.Others (366,402) (924,771)
B.Total liabilities(B1 to B4) 1,216,346 4,615,456
1.Bills payable 12,621 24,184
2.Borrowings from financial institutions 0 0
3.Deposits and other accounts 1,193,507 4,546,697
4.Other/misc. liabilities 10,218 44,575
C.Total assets (C1 to C4 + C8 to C10) 1,758,954 5,670,479
1.Cash and balances with treasury banks 68,227 237,837
2.Balances with other banks 528,252 1,758,683
3.Lending to financial institutions 0 0
4.Investments 190,767 257,598
5.Gross advances 798,673 2,654,416
6.Advances-non-performing/classified 101,396 119,238
7.Provision against advances 32,535 65,993
8.Advances net of provision (C5-C7) 766,138 2,588,423
9.Fixed assets 93,726 351,136
10.Other/misc. assets 111,844 476,802
D.Profit & loss account
1.Markup/interest earned 239,419 447,155
2.Markup/interest expensed 78,964 187,446
3.Net markup/interest income 160,455 259,709
4.Provisions and write-offs 19,577 30,135
5.Net markup/interest income after provisions 140,878 229,574
6.Non-markup/interest income 33,508 97,872
7.Non-markup/interest expenses 165,665 351,792
8.Administrative expenses 165,665 351,792
9.Profit/(loss) before taxation 8,721 (24,346)
10.Profit/(loss) after taxation 6,148 (29,216)
E.Other items
1.No. of ordinary shares (000) 110,000 220,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (84,399) 1,189,850
5.Commitments and contigencies 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 67.02% 58.08%
2.Net markup/interest margin (D1-D2)/C 9.12% 4.58%
3.Return on equity (ROE) (D10/A) 0.68% -1.48%
4.Return on assets (ROA) (D10/C) 0.35% -0.52%
5.Non-markup/interest income to total assets 0.02 1.73%
6.Net markup/interest income(after prov.) to to 8.01% 4.05%
7.Markup/interest expense to markup/interest 32.98% 41.92%
8.Admin. expense to profit before tax. (D8/D9) ( 19.00 -14.45
9.Non-markup/interest expense to total incom 0.61 64.55%
10.Admin. expense to non-markup/interest inc 4.94 3.59
11.Earning per share (D10/E1) 0.06 -0.13
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 33.91% 35.21%
2.Investment to total assets (C4/C) 10.85% 4.54%
3.Advances net of provisions to total assets (C8 43.56% 45.65%
4.Deposits to total assets (B3/C) 67.85% 80.18%
5.Total liabilities to total assets (B/C) 69.15% 81.39%
6.Gross advances to deposits (C5/B3) 66.92% 58.38%
7.Gross advances to borrowing & deposit C5/( 66.92% 58.38%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.13 4.49%
2.Provisions against NPLs to gross advances ( 4.07% 2.49%
3.NPLs to shareholders equity (C6/A) 11.15% 6.02%
4.NPLs write off to NPLs provisions (D4/C7) 60.17% 45.66%
5.Provision against NPL to NPLs (C7/C6) 32.09% 55.35%
I.Capital /leverage ratios
1.Capital ratio (A/C) 51.68% 34.91%
2.Commitments & contingencies to total equity ( 0.00 0.00
3.Break up value per share (A/E1) 8.26 9.00
4.Total deposit to total equity (B3/A) (times) 1.31 2.30
J.Cash flow ratio
1.Cash generated from opration activities to prof -13.73 -40.73

78

Financial Statement Analysis of Financial Sector

FINCA MICROFINANCE BANK LIMITED
Items 2014 2015
A.Total equity (A1 to A3) 4,212,302 5,986,349
1.Share capital 4,731,980 6,348,887
2.Reserves 35,505 68,843
3.Un appropriated profit (555,183) (431,381)
4.Others (2,930,113) (4,052,815)
B.Total liabilities(B1 to B4) 5,098,281 6,518,384
1.Bills payable 4,922 5,840
2.Borrowings from financial institutions 201,100 115,001
3.Deposits and other accounts 4,656,177 6,057,364
4.Other/misc. liabilities 236,082 340,179
C.Total assets (C1 to C4 + C8 to C10) 6,380,470 8,451,918
1.Cash and balances with treasury banks 320,861 356,638
2.Balances with other banks 597,224 409,991
3.Lending to financial institutions 0 0
4.Investments 447,527 1,039,196
5.Gross advances 4,028,415 5,478,758
6.Advances-non-performing/classified 35,918 126,351
7.Provision against advances 33,747 60,082
8.Advances net of provision (C5-C7) 3,994,668 5,418,676
9.Fixed assets 582,647 776,652
10.Other/misc. assets 437,543 450,765
D.Profit & loss account
1.Markup/interest earned 1,247,136 1,899,754
2.Markup/interest expensed 361,257 534,669
3.Net markup/interest income 885,879 1,365,085
4.Provisions and write-offs 47,783 105,654
5.Net markup/interest income after provisions 838,096 1,259,431
6.Non-markup/interest income 235,217 326,172
7.Non-markup/interest expenses 1,042,525 1,340,382
8.Administrative expenses 1,030,557 1,322,012
9.Profit/(loss) before taxation 30,787 245,220
10.Profit/(loss) after taxation 176,137 166,695
E.Other items
1.No. of ordinary shares (000) 473,198 634,889
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 202,113 162,476
5.Commitments and contigencies 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 71.03% 71.86%
2.Net markup/interest margin (D1-D2)/C 13.88% 16.15%
3.Return on equity (ROE) (D10/A) 4.18% 2.78%
4.Return on assets (ROA) (D10/C) 2.76% 1.97%
5.Non-markup/interest income to total assets 3.69% 3.86%
6.Net markup/interest income(after prov.) to to 13.14% 0.15
7.Markup/interest expense to markup/interest 28.97% 28.14%
8.Admin. expense to profit before tax. (D8/D9) ( 33.47 5.39
9.Non-markup/interest expense to total incom 70.33% 60.22%
10.Admin. expense to non-markup/interest inc 4.38 4.05
11.Earning per share (D10/E1) 0.37 0.26
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 14.39% 9.07%
2.Investment to total assets (C4/C) 7.01% 0.12
3.Advances net of provisions to total assets (C8 62.61% 64.11%
4.Deposits to total assets (B3/C) 72.98% 71.67%
5.Total liabilities to total assets (B/C) 0.80 77.12%
6.Gross advances to deposits (C5/B3) 86.52% 90.45%
7.Gross advances to borrowing & deposit C5/( 82.94% 88.76%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.89% 2.31%
2.Provisions against NPLs to gross advances ( 0.84% 0.01
3.NPLs to shareholders equity (C6/A) 0.85% 2.11%
4.NPLs write off to NPLs provisions (D4/C7) 141.59% 175.85%
5.Provision against NPL to NPLs (C7/C6) 93.96% 47.55%
I.Capital /leverage ratios
1.Capital ratio (A/C) 66.02% 70.83%
2.Commitments & contingencies to total equity ( 0.00 0.00
3.Break up value per share (A/E1) 8.90 9.43
4.Total deposit to total equity (B3/A) (times) 1.11 1.01
J.Cash flow ratio
1.Cash generated from opration activities to prof 1.15 0.97

79

Financial Statement Analysis of Financial Sector

KHUSHHALIBANK LIMITED
Items 2014 2015
A.Total equity (A1 to A3) 3,285,364 3,934,189
1.Share capital 1,705,000 1,705,001
2.Reserves 446,042 610,874
3.Un appropriated profit 1,134,322 1,618,314
4.Others 764 17,301
B.Total liabilities(B1 to B4) 13,406,306 22,744,856
1.Bills payable 63,102 42,081
2.Borrowings from financial institutions 3,729,877 5,890,397
3.Deposits and other accounts 8,682,473 15,583,727
4.Other/misc. liabilities 930,854 1,228,651
C.Total assets (C1 to C4 + C8 to C10) 16,692,434 26,696,346
1.Cash and balances with treasury banks 701,036 1,001,222
2.Balances with other banks 353,301 944,009
3.Lending to financial institutions 417,604 2,383,353
4.Investments 836,886 1,847,825
5.Gross advances 12,238,252 17,466,883
6.Advances-non-performing/classified 136,018 428,587
7.Provision against advances 132,413 220,352
8.Advances net of provision (C5-C7) 12,105,839 17,246,531
9.Fixed assets 322,920 548,979
10.Other/misc. assets 1,954,848 2,724,427
D.Profit & loss account
1.Markup/interest earned 3,129,490 4,406,622
2.Markup/interest expensed 809,557 1,219,287
3.Net markup/interest income 2,319,933 3,187,335
4.Provisions and write-offs 157,687 279,100
5.Net markup/interest income after provisions 2,162,246 2,908,235
6.Non-markup/interest income 694,697 716,439
7.Non-markup/interest expenses 1,914,533 2,442,693
8.Administrative expenses 1,889,932 2,315,284
9.Profit/(loss) before taxation 942,410 1,181,982
10.Profit/(loss) after taxation 703,212 824,165
E.Other items
1.No. of ordinary shares (000) 170,500 170,500
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (1,422,417) 2,035,233
5.Commitments and contigencies 32,720 49,205
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 74.13% 72.33%
2.Net markup/interest margin (D1-D2)/C 0.14 11.94%
3.Return on equity (ROE) (D10/A) 0.21 20.95%
4.Return on assets (ROA) (D10/C) 4.21% 3.09%
5.Non-markup/interest income to total assets 4.16% 2.68%
6.Net markup/interest income(after prov.) to to 12.95% 10.89%
7.Markup/interest expense to markup/interest 25.87% 27.67%
8.Admin. expense to profit before tax. (D8/D9) ( 2.01 1.96
9.Non-markup/interest expense to total incom 50.06% 47.68%
10.Admin. expense to non-markup/interest inc 2.72 3.23
11.Earning per share (D10/E1) 4.12 4.83
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 6.32% 7.29%
2.Investment to total assets (C4/C) 5.01% 6.92%
3.Advances net of provisions to total assets (C8 72.52% 0.65
4.Deposits to total assets (B3/C) 52.01% 58.37%
5.Total liabilities to total assets (B/C) 80.31% 0.85
6.Gross advances to deposits (C5/B3) 140.95% 112.08%
7.Gross advances to borrowing & deposit C5/( 0.99 81.34%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 1.11% 2.45%
2.Provisions against NPLs to gross advances ( 1.08% 1.26%
3.NPLs to shareholders equity (C6/A) 4.14% 10.89%
4.NPLs write off to NPLs provisions (D4/C7) 119.09% 126.66%
5.Provision against NPL to NPLs (C7/C6) 97.35% 51.41%
I.Capital /leverage ratios
1.Capital ratio (A/C) 19.68% 14.74%
2.Commitments & contingencies to total equity ( 0.01 0.01
3.Break up value per share (A/E1) 19.27 23.07
4.Total deposit to total equity (B3/A) (times) 2.64 3.96
J.Cash flow ratio
1.Cash generated from opration activities to prof -2.02 2.47

80

Financial Statement Analysis of Financial Sector

MOBILINK MICROFINANCE BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 1,037,013 999,736
1.Share capital 1,451,754 1,451,754
2.Reserves 0 0
3.Un appropriated profit (414,741) (452,018)
4.Others (683) 600
B.Total liabilities(B1 to B4) 1,504,516 3,890,220
1.Bills payable 0 0
2.Borrowings from financial institutions 0 0
3.Deposits and other accounts 1,287,919 3,197,311
4.Other/misc. liabilities 216,597 692,909
C.Total assets (C1 to C4 + C8 to C10) 2,540,846 4,890,556
1.Cash and balances with treasury banks 121,820 266,578
2.Balances with other banks 1,154,463 2,402,370
3.Lending to financial institutions 0 0
4.Investments 326,780 125,272
5.Gross advances 500,402 1,350,315
6.Advances-non-performing/classified 7 0
7.Provision against advances 2,590 7,758
8.Advances net of provision (C5-C7) 497,812 1,342,557
9.Fixed assets 220,961 289,235
10.Other/misc. assets 219,010 464,544
D.Profit & loss account
1.Markup/interest earned 224,924 353,308
2.Markup/interest expensed 30,188 54,711
3.Net markup/interest income 194,736 298,597
4.Provisions and write-offs 1,583 5,170
5.Net markup/interest income after provisions 193,153 293,427
6.Non-markup/interest income 1,404,855 531,145
7.Non-markup/interest expenses 1,746,912 1,018,240
8.Administrative expenses 574,320 1,018,142
9.Profit/(loss) before taxation (148,904) (193,668)
10.Profit/(loss) after taxation (107,054) (37,277)
E.Other items
1.No. of ordinary shares (000) 145,175 145,175
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 218,396 1,340,928
5.Commitments and contigencies 30,009 4,559
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 86.58% 84.51%
2.Net markup/interest margin (D1-D2)/C 7.66% 6.11%
3.Return on equity (ROE) (D10/A) -10.32% -3.73%
4.Return on assets (ROA) (D10/C) -4.21% -0.76%
5.Non-markup/interest income to total assets 55.29% 10.86%
6.Net markup/interest income(after prov.) to to 0.08 0.06
7.Markup/interest expense to markup/interest 13.42% 15.49%
8.Admin. expense to profit before tax. (D8/D9) ( -3.86 -5.26
9.Non-markup/interest expense to total incom 107.19% 115.13%
10.Admin. expense to non-markup/interest inc 0.41 1.92
11.Earning per share (D10/E1) -0.74 -0.26
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 50.23% 54.57%
2.Investment to total assets (C4/C) 12.86% 2.56%
3.Advances net of provisions to total assets (C8 19.59% 27.45%
4.Deposits to total assets (B3/C) 50.69% 65.38%
5.Total liabilities to total assets (B/C) 59.21% 79.55%
6.Gross advances to deposits (C5/B3) 38.85% 42.23%
7.Gross advances to borrowing & deposit C5/( 38.85% 42.23%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.00 0.00
2.Provisions against NPLs to gross advances ( 0.52% 0.57%
3.NPLs to shareholders equity (C6/A) 0.00 0.00
4.NPLs write off to NPLs provisions (D4/C7) 61.12% 66.64%
5.Provision against NPL to NPLs (C7/C6) 370.00 -
I.Capital /leverage ratios
1.Capital ratio (A/C) 40.81% 20.44%
2.Commitments & contingencies to total equity ( 0.03 0.00
3.Break up value per share (A/E1) 7.14 6.89
4.Total deposit to total equity (B3/A) (times) 1.24 3.20
J.Cash flow ratio
1.Cash generated from opration activities to prof -2.04 -35.97
 81

Financial Statement Analysis of Financial Sector

NRSP MICROFINANCE BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 2,040,729 2,473,641
1.Share capital 1,498,372 1,498,372
2.Reserves 128,840 220,782
3.Un appropriated profit 413,517 754,487
4.Others 85,375 70,860
B.Total liabilities(B1 to B4) 9,671,512 11,747,685
1.Bills payable 0 0
2.Borrowings from financial institutions 4,204,216 4,156,925
3.Deposits and other accounts 5,159,810 7,255,316
4.Other/misc. liabilities 307,486 335,444
C.Total assets (C1 to C4 + C8 to C10) 11,797,616 14,292,186
1.Cash and balances with treasury banks 308,723 472,108
2.Balances with other banks 1,686,938 1,752,698
3.Lending to financial institutions 0 0
4.Investments 3,971,191 2,151,133
5.Gross advances 5,192,071 9,085,508
6.Advances-non-performing/classified 51,109 14,520
7.Provision against advances 66,894 86,317
8.Advances net of provision (C5-C7) 5,125,177 8,999,191
9.Fixed assets 222,810 221,427
10.Other/misc. assets 482,777 695,629
D.Profit & loss account
1.Markup/interest earned 1,731,236 2,053,934
2.Markup/interest expensed 793,087 741,048
3.Net markup/interest income 938,149 1,312,886
4.Provisions and write-offs 62,231 142,489
5.Net markup/interest income after provisions 875,918 1,170,397
6.Non-markup/interest income 328,027 601,382
7.Non-markup/interest expenses 918,213 1,121,540
8.Administrative expenses 918,213 1,121,258
9.Profit/(loss) before taxation 285,732 650,238
10.Profit/(loss) after taxation 197,679 459,705
E.Other items
1.No. of ordinary shares (000) 149,837 149,837
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,009,488 (1,626,614)
5.Commitments and contigencies 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 54.19% 63.92%
2.Net markup/interest margin (D1-D2)/C 7.95% 9.19%
3.Return on equity (ROE) (D10/A) 9.69% 18.58%
4.Return on assets (ROA) (D10/C) 1.68% 3.22%
5.Non-markup/interest income to total assets 2.78% 4.21%
6.Net markup/interest income(after prov.) to to 7.42% 8.19%
7.Markup/interest expense to markup/interest 45.81% 36.08%
8.Admin. expense to profit before tax. (D8/D9) ( 3.21 1.72
9.Non-markup/interest expense to total incom 44.59% 42.24%
10.Admin. expense to non-markup/interest inc 2.80 1.86
11.Earning per share (D10/E1) 1.32 3.07
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 16.92% 15.57%
2.Investment to total assets (C4/C) 33.66% 15.05%
3.Advances net of provisions to total assets (C8 43.44% 62.97%
4.Deposits to total assets (B3/C) 43.74% 50.76%
5.Total liabilities to total assets (B/C) 81.98% 0.82
6.Gross advances to deposits (C5/B3) 100.63% 125.23%
7.Gross advances to borrowing & deposit C5/( 55.45% 79.61%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.98% 0.16%
2.Provisions against NPLs to gross advances ( 1.29% 0.95%
3.NPLs to shareholders equity (C6/A) 0.03 0.59%
4.NPLs write off to NPLs provisions (D4/C7) 93.03% 165.08%
5.Provision against NPL to NPLs (C7/C6) 130.88% 594.47%
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.17 17.31%
2.Commitments & contingencies to total equity ( 0.00 0.00
3.Break up value per share (A/E1) 13.62 16.51
4.Total deposit to total equity (B3/A) (times) 2.53 2.93
J.Cash flow ratio
1.Cash generated from opration activities to prof 5.11 -3.54

82

Financial Statement Analysis of Financial Sector

PAK OMAN MICROFINANCE BANK LIMITED
Items 2014 2015
A.Total equity (A1 to A3) 1,069,607 1,072,468
1.Share capital 1,151,820 1,151,820
2.Reserves 7,395 7,066
3.Un appropriated profit (89,608) (86,418)
4.Others (373) 1,993
B.Total liabilities(B1 to B4) 45,698 52,722
1.Bills payable 0 0
2.Borrowings from financial institutions 0 0
3.Deposits and other accounts 22,128 24,845
4.Other/misc. liabilities 23,570 27,877
C.Total assets (C1 to C4 + C8 to C10) 1,114,932 1,127,183
1.Cash and balances with treasury banks 1,946 1,752
2.Balances with other banks 5,997 22,164
3.Lending to financial institutions 732,747 545,926
4.Investments 79,087 105,195
5.Gross advances 223,832 369,038
6.Advances-non-performing/classified 3,523 32,589
7.Provision against advances 2,854 10,322
8.Advances net of provision (C5-C7) 220,978 358,716
9.Fixed assets 21,928 37,085
10.Other/misc. assets 52,249 56,345
D.Profit & loss account
1.Markup/interest earned 119,803 168,665
2.Markup/interest expensed 250 250
3.Net markup/interest income 119,553 168,415
4.Provisions and write-offs 3,021 18,032
5.Net markup/interest income after provisions 116,532 150,383
6.Non-markup/interest income 13,614 23,862
7.Non-markup/interest expenses 128,982 162,773
8.Administrative expenses 128,958 162,457
9.Profit/(loss) before taxation 1,164 11,472
10.Profit/(loss) after taxation (7,272) 5,748
E.Other items
1.No. of ordinary shares (000) 115,182 115,182
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (249,721) 67,336
5.Commitments and contigencies 1,328 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 99.79% 99.85%
2.Net markup/interest margin (D1-D2)/C 10.72% 14.94%
3.Return on equity (ROE) (D10/A) -0.68% 0.54%
4.Return on assets (ROA) (D10/C) -0.65% 0.51%
5.Non-markup/interest income to total assets 1.22% 2.12%
6.Net markup/interest income(after prov.) to to 10.45% 13.34%
7.Markup/interest expense to markup/interest 0.21% 0.15%
8.Admin. expense to profit before tax. (D8/D9) ( 110.79 14.16
9.Non-markup/interest expense to total incom 96.68% 84.55%
10.Admin. expense to non-markup/interest inc 9.47 6.81
11.Earning per share (D10/E1) -0.06 0.05
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 0.71% 2.12%
2.Investment to total assets (C4/C) 7.09% 9.33%
3.Advances net of provisions to total assets (C8 19.82% 31.82%
4.Deposits to total assets (B3/C) 1.98% 0.02
5.Total liabilities to total assets (B/C) 0.04 4.68%
6.Gross advances to deposits (C5/B3) 1011.53% 1485.36%
7.Gross advances to borrowing & deposit C5/( 1011.53% 1485.36%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 1.57% 8.83%
2.Provisions against NPLs to gross advances ( 1.28% 0.03
3.NPLs to shareholders equity (C6/A) 0.33% 3.04%
4.NPLs write off to NPLs provisions (D4/C7) 105.85% 174.69%
5.Provision against NPL to NPLs (C7/C6) 81.01% 31.67%
I.Capital /leverage ratios
1.Capital ratio (A/C) 95.93% 95.15%
2.Commitments & contingencies to total equity ( 0.00 0.00
3.Break up value per share (A/E1) 9.29 9.31
4.Total deposit to total equity (B3/A) (times) 0.02 0.02
J.Cash flow ratio
1.Cash generated from opration activities to prof 34.34 11.71

83

Financial Statement Analysis of Financial Sector

SINDH MICROFINANCE BANK
Items 2015 2016
A.Total equity (A1 to A3) 765,213 776,290
1.Share capital 750,000 750,000
2.Reserves 3,042 5,535
3.Un appropriated profit 12,171 20,755
4.Others 0 1,384
B.Total liabilities(B1 to B4) 2,430 3,019
1.Bills payable 0 0
2.Borrowings from financial institutions 0 0
3.Deposits and other accounts 0 1,139
4.Other/misc. liabilities 2,430 1,880
C.Total assets (C1 to C4 + C8 to C10) 767,643 780,693
1.Cash and balances with treasury banks 10 517
2.Balances with other banks 355,844 581,438
3.Lending to financial institutions 400,000 100,000
4.Investments 0 0
5.Gross advances 0 69,351
6.Advances-non-performing/classified 0 0
7.Provision against advances 0 694
8.Advances net of provision (C5-C7) 0 68,657
9.Fixed assets 2,524 7,400
10.Other/misc. assets 9,265 22,681
D.Profit & loss account
1.Markup/interest earned 38,502 60,809
2.Markup/interest expensed 0 0
3.Net markup/interest income 38,502 60,809
4.Provisions and write-offs 0 694
5.Net markup/interest income after provisions 38,502 60,115
6.Non-markup/interest income 0 16
7.Non-markup/interest expenses 15,096 39,390
8.Administrative expenses 15,096 39,390
9.Profit/(loss) before taxation 23,404 20,741
10.Profit/(loss) after taxation 15,213 12,461
E.Other items
1.No. of ordinary shares (000) 75,000 75,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 8,673 (67,944)
5.Commitments and contigencies 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 1.00 1.00
2.Net markup/interest margin (D1-D2)/C 5.02% 7.79%
3.Return on equity (ROE) (D10/A) 1.99% 1.61%
4.Return on assets (ROA) (D10/C) 1.98% 0.02
5.Non-markup/interest income to total assets 0.00 0.00
6.Net markup/interest income(after prov.) to to 5.02% 0.08
7.Markup/interest expense to markup/interest 0.00 0.00
8.Admin. expense to profit before tax. (D8/D9) ( 0.65 1.90
9.Non-markup/interest expense to total incom 39.21% 64.76%
10.Admin. expense to non-markup/interest inc - 2,461.88
11.Earning per share (D10/E1) 0.20 0.17
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 46.36% 74.54%
2.Investment to total assets (C4/C) 0.00 0.00
3.Advances net of provisions to total assets (C8 0.00 8.79%
4.Deposits to total assets (B3/C) 0.00 0.15%
5.Total liabilities to total assets (B/C) 0.32% 0.39%
6.Gross advances to deposits (C5/B3) - 6088.76%
7.Gross advances to borrowing & deposit C5/( - 6088.76%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ - 0.00
2.Provisions against NPLs to gross advances ( - 0.01
3.NPLs to shareholders equity (C6/A) 0.00 0.00
4.NPLs write off to NPLs provisions (D4/C7) - 1.00
5.Provision against NPL to NPLs (C7/C6) - -
I.Capital /leverage ratios
1.Capital ratio (A/C) 99.68% 99.44%
2.Commitments & contingencies to total equity ( 0.00 0.00
3.Break up value per share (A/E1) 10.20 10.35
4.Total deposit to total equity (B3/A) (times) 0.00 0.00
J.Cash flow ratio
1.Cash generated from opration activities to prof 0.57 -5.45

84

Financial Statement Analysis of Financial Sector

TELENOR MICROFINANCE BANK
Items 2014 2015
A.Total equity (A1 to A3) 2,821,912 3,658,787
1.Share capital 1,346,939 1,346,939
2.Reserves 828,142 1,050,952
3.Un appropriated profit 646,831 1,260,896
4.Others 22,009 30,496
B.Total liabilities(B1 to B4) 13,549,372 17,368,840
1.Bills payable 0 0
2.Borrowings from financial institutions 239,211 85,474
3.Deposits and other accounts 12,261,354 15,678,541
4.Other/misc. liabilities 1,048,807 1,604,825
C.Total assets (C1 to C4 + C8 to C10) 16,393,293 21,058,123
1.Cash and balances with treasury banks 1,371,733 1,588,338
2.Balances with other banks 717,070 1,118,190
3.Lending to financial institutions 0 346,702
4.Investments 3,775,640 3,784,189
5.Gross advances 8,981,390 12,186,090
6.Advances-non-performing/classified 74,381 56,788
7.Provision against advances 39,631 60,462
8.Advances net of provision (C5-C7) 8,941,759 12,125,628
9.Fixed assets 556,761 645,474
10.Other/misc. assets 1,030,330 1,449,602
D.Profit & loss account
1.Markup/interest earned 3,054,770 3,503,342
2.Markup/interest expensed 766,186 662,922
3.Net markup/interest income 2,288,584 2,840,420
4.Provisions and write-offs 115,582 79,776
5.Net markup/interest income after provisions 2,173,002 2,760,644
6.Non-markup/interest income 1,294,235 1,594,058
7.Non-markup/interest expenses 2,446,748 3,072,408
8.Administrative expenses 2,425,400 3,045,569
9.Profit/(loss) before taxation 1,020,489 1,282,294
10.Profit/(loss) after taxation 708,493 851,740
E.Other items
1.No. of ordinary shares (000) 134,694 134,694
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,814,795 682,078
5.Commitments and contigencies 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 74.92% 81.08%
2.Net markup/interest margin (D1-D2)/C 13.96% 13.49%
3.Return on equity (ROE) (D10/A) 25.11% 23.28%
4.Return on assets (ROA) (D10/C) 4.32% 4.04%
5.Non-markup/interest income to total assets 7.89% 7.57%
6.Net markup/interest income(after prov.) to to 13.26% 13.11%
7.Markup/interest expense to markup/interest 25.08% 18.92%
8.Admin. expense to profit before tax. (D8/D9) ( 2.38 2.38
9.Non-markup/interest expense to total incom 56.26% 60.27%
10.Admin. expense to non-markup/interest inc 1.87 1.91
11.Earning per share (D10/E1) 5.26 6.32
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 12.74% 12.85%
2.Investment to total assets (C4/C) 23.03% 17.97%
3.Advances net of provisions to total assets (C8 54.55% 57.58%
4.Deposits to total assets (B3/C) 74.79% 74.45%
5.Total liabilities to total assets (B/C) 82.65% 82.48%
6.Gross advances to deposits (C5/B3) 73.25% 77.72%
7.Gross advances to borrowing & deposit C5/( 71.85% 0.77
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.83% 0.47%
2.Provisions against NPLs to gross advances ( 0.44% 0.01
3.NPLs to shareholders equity (C6/A) 2.64% 1.55%
4.NPLs write off to NPLs provisions (D4/C7) 291.65% 131.94%
5.Provision against NPL to NPLs (C7/C6) 53.28% 106.47%
I.Capital /leverage ratios
1.Capital ratio (A/C) 17.21% 17.37%
2.Commitments & contingencies to total equity ( 0.00 0.00
3.Break up value per share (A/E1) 20.95 27.16
4.Total deposit to total equity (B3/A) (times) 4.35 4.29
J.Cash flow ratio
1.Cash generated from opration activities to prof 2.56 0.80

85
 Financial Statement Analysis of Financial Sector
THE FIRST MICROFINANCE BANK LIMITED
Items 2014 2015
A.Total equity (A1 to A3) 1,188,546 1,478,899
1.Share capital 1,351,501 1,351,501
2.Reserves 63,974 126,317
3.Un appropriated profit (226,929) 1,081
4.Others 48,593 65,507
B.Total liabilities(B1 to B4) 9,437,591 10,642,931
1.Bills payable 28,328 0
2.Borrowings from financial institutions 289,880 645,576
3.Deposits and other accounts 8,749,901 9,661,088
4.Other/misc. liabilities 369,482 336,267
C.Total assets (C1 to C4 + C8 to C10) 10,674,730 12,187,337
1.Cash and balances with treasury banks 484,308 622,106
2.Balances with other banks 747,842 1,045,644
3.Lending to financial institutions 0 0
4.Investments 4,273,049 4,029,765
5.Gross advances 4,479,999 5,639,743
6.Advances-non-performing/classified 37,104 89,091
7.Provision against advances 63,308 114,131
8.Advances net of provision (C5-C7) 4,416,691 5,525,612
9.Fixed assets 205,717 382,967
10.Other/misc. assets 547,123 581,243
D.Profit & loss account
1.Markup/interest earned 1,655,588 1,972,947
2.Markup/interest expensed 590,199 595,485
3.Net markup/interest income 1,065,389 1,377,462
4.Provisions and write-offs 109,972 72,822
5.Net markup/interest income after provisions 955,417 1,304,640
6.Non-markup/interest income 124,301 132,472
7.Non-markup/interest expenses 979,539 1,052,103
8.Administrative expenses 976,722 1,050,301
9.Profit/(loss) before taxation 100,179 385,009
10.Profit/(loss) after taxation 109,411 311,715
E.Other items
1.No. of ordinary shares (000) 135,150 135,150
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (185,149) 316,614
5.Commitments and contigencies 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 64.35% 69.82%
2.Net markup/interest margin (D1-D2)/C 9.98% 0.11
3.Return on equity (ROE) (D10/A) 9.21% 21.08%
4.Return on assets (ROA) (D10/C) 1.02% 2.56%
5.Non-markup/interest income to total assets 1.16% 1.09%
6.Net markup/interest income(after prov.) to to 8.95% 0.11
7.Markup/interest expense to markup/interest 35.65% 30.18%
8.Admin. expense to profit before tax. (D8/D9) ( 9.75 2.73
9.Non-markup/interest expense to total incom 55.03% 49.97%
10.Admin. expense to non-markup/interest inc 7.86 7.93
11.Earning per share (D10/E1) 0.81 2.31
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 11.54% 13.68%
2.Investment to total assets (C4/C) 40.03% 33.07%
3.Advances net of provisions to total assets (C8 41.38% 45.34%
4.Deposits to total assets (B3/C) 81.97% 79.27%
5.Total liabilities to total assets (B/C) 88.41% 87.33%
6.Gross advances to deposits (C5/B3) 0.51 58.38%
7.Gross advances to borrowing & deposit C5/( 49.56% 54.72%
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.83% 1.58%
2.Provisions against NPLs to gross advances ( 1.41% 2.02%
3.NPLs to shareholders equity (C6/A) 3.12% 6.02%
4.NPLs write off to NPLs provisions (D4/C7) 173.71% 63.81%
5.Provision against NPL to NPLs (C7/C6) 170.62% 128.11%
I.Capital /leverage ratios
1.Capital ratio (A/C) 11.13% 12.13%
2.Commitments & contingencies to total equity ( 0.00 0.00
3.Break up value per share (A/E1) 8.79 10.94
4.Total deposit to total equity (B3/A) (times) 7.36 6.53
J.Cash flow ratio
1.Cash generated from opration activities to prof -1.69 1.02

86

Financial Statement Analysis of Financial Sector

U MICROFINANCE BANK LTD.
Items 2014 2015
A.Total equity (A1 to A3) 967,566 1,074,765
1.Share capital 1,185,714 1,285,714
2.Reserves 2,042 4,049
3.Un appropriated profit (220,190) (214,998)
4.Others (10,817) (26,710)
B.Total liabilities(B1 to B4) 875,260 1,222,867
1.Bills payable 16,369 7,125
2.Borrowings from financial institutions 0 0
3.Deposits and other accounts 702,579 1,065,316
4.Other/misc. liabilities 156,312 150,426
C.Total assets (C1 to C4 + C8 to C10) 1,832,009 2,270,922
1.Cash and balances with treasury banks 74,143 136,676
2.Balances with other banks 452,986 555,408
3.Lending to financial institutions 0 0
4.Investments 517,956 180,483
5.Gross advances 346,493 919,381
6.Advances-non-performing/classified 267 4,230
7.Provision against advances 2,365 6,480
8.Advances net of provision (C5-C7) 344,128 912,901
9.Fixed assets 220,570 222,413
10.Other/misc. assets 222,226 263,041
D.Profit & loss account
1.Markup/interest earned 144,578 236,598
2.Markup/interest expensed 16,533 53,890
3.Net markup/interest income 128,045 182,708
4.Provisions and write-offs 2,046 4,957
5.Net markup/interest income after provisions 125,999 177,751
6.Non-markup/interest income 136,281 320,954
7.Non-markup/interest expenses 398,915 468,786
8.Administrative expenses 398,322 468,366
9.Profit/(loss) before taxation (136,636) 29,919
10.Profit/(loss) after taxation (96,965) 8,030
E.Other items
1.No. of ordinary shares (000) 118,571 128,571
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 64,301 (180,820)
5.Commitments and contigencies 52,385 12,199
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 88.56% 77.22%
2.Net markup/interest margin (D1-D2)/C 6.99% 8.05%
3.Return on equity (ROE) (D10/A) -10.02% 0.75%
4.Return on assets (ROA) (D10/C) -5.29% 0.35%
5.Non-markup/interest income to total assets 7.44% 14.13%
6.Net markup/interest income(after prov.) to to 6.88% 7.83%
7.Markup/interest expense to markup/interest 11.44% 22.78%
8.Admin. expense to profit before tax. (D8/D9) ( -2.92 15.65
9.Non-markup/interest expense to total incom 142.03% 84.08%
10.Admin. expense to non-markup/interest inc 2.92 1.46
11.Earning per share (D10/E1) -0.82 0.06
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C 28.77% 30.48%
2.Investment to total assets (C4/C) 28.27% 7.95%
3.Advances net of provisions to total assets (C8 18.78% 0.40
4.Deposits to total assets (B3/C) 38.35% 46.91%
5.Total liabilities to total assets (B/C) 47.78% 53.85%
6.Gross advances to deposits (C5/B3) 49.32% 0.86
7.Gross advances to borrowing & deposit C5/( 49.32% 0.86
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/ 0.08% 0.46%
2.Provisions against NPLs to gross advances ( 0.68% 0.01
3.NPLs to shareholders equity (C6/A) 0.03% 0.39%
4.NPLs write off to NPLs provisions (D4/C7) 86.51% 0.77
5.Provision against NPL to NPLs (C7/C6) 885.77% 153.19%
I.Capital /leverage ratios
1.Capital ratio (A/C) 52.81% 47.33%
2.Commitments & contingencies to total equity ( 0.05 0.01
3.Break up value per share (A/E1) 8.16 8.36
4.Total deposit to total equity (B3/A) (times) 0.73 0.99
J.Cash flow ratio
1.Cash generated from opration activities to prof -0.66 -22.52

Leasing Companies - Overall

Items 2014 2015
A.Total equity (A1 to A3) 5,310,668 5,660,407
1.Share capital 4,612,867 4,612,867
2.Reserves 2,811,118 3,292,754
3.Un appropriated profit/loss (2,113,317) (2,245,214)
4.Others 198,135 218,559
B.Total liabilities (B1+ B2) 30,182,889 33,266,168
1.Non-current liabilities (a + b + c) 16,227,921 19,584,377
a.Borrowings from financial and other institution 757,191 5,217,391
b.Deposit on finance lease 5,955,453 6,618,066
c.Other/misc. liabilities 9,515,277 7,748,920
2.Current liabilities 13,954,968 13,681,791
C.Total assets (C1 + C2) 35,691,692 39,145,134
1.Non-current assets (a + b + c) 19,683,239 21,902,316
a.Net investment in finance lease 14,235,391 25,192,505
b.Fixed assets 2,018,966 2,151,547
c.Other/misc. assets 3,428,882 (5,441,736)
2.Current assets (e + f) 16,008,453 17,242,818
a.Cash and balances with treasury banks 1,833 1,613
b.Placement with other banks 153,711 309,663
c.Term deposits certificate 1,190,316 1,204,357
d.Other money market placements 19,531 19,291
e.Cash & cash equivalent (a + b + c + d) 1,365,391 1,534,924
f.Other/misc. current assets 14,643,062 15,707,894
D.Profit & loss account
1.Income from finance lease 2,784,141 3,018,686
2.Income from operating lease 1,017,290 719,854
3.Income from lease (D1 + D2) 3,801,431 3,738,540
4.Income from investments 486,619 513,265
5.Other income 575,111 665,763
6.Total income/revenue (D3 to D5) 4,863,161 4,917,568
7.Administrative expenses 1,158,795 1,202,529
8.Profit/(loss) before taxation 772,660 817,797
9.Profit/(loss) after taxation 554,789 585,835
E.Other items
1.No. of ordinary shares (000) 400,962 400,962
2.Cash dividend N/A N/A
3.Stock dividend N/A N/A
4.Cash generated from operating activities (446,963) (1,168,730)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 10.45% 10.35%
2.Return on capital employed (ROCE) (D8/(C-B 3.55% 3.21%
3.Return on assets (ROA) (D9/C) 1.55% 0.02
4.Return on revenue (ROR) (D9/D6) 11.41% 11.91%
5.Lease income to total income (D3/D6) 78.17% 76.02%
6.Administrative expenses to profit before tax. 2.09 2.05
7.Earning per share (D9/E1) 1.38 1.46
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C 3.83% 3.92%
2.Net investment in finance lease to total asset 39.88% 64.36%
3.Current assets to current liabilities (C2/B2) (t 1.15 1.26
4.Total liabilities to total assets (B/C) (times) 0.85 0.85
H.Capital /leverage ratios
1.Capital ratio (A/C) 14.88% 14.46%
2.Break up value per share (A/E1) 13.24 14.12
I.Cash flow ratio
1.Cash generated from operating activities to pro -0.81 -1.99
2.Cash generated from operating activities to cur -0.03 -0.09

91

Financial Statement Analysis of Financial Sector

Capital Assets Leasing Corporation Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 134,156 148,150
1.Share capital 107,444 107,444
2.Reserves 25,036 27,835
3.Un appropriated profit/loss 1,676 12,871
4.Others 0 0
B.Total liabilities (B1+ B2) 54,692 64,426
1.Non-current liabilities (a + b + c) 21,929 25,182
a.Borrowings from financial and other institution 0 0
b.Deposit on finance lease 0 0
c.Other/misc. liabilities 21,929 25,182
2.Current liabilities 32,763 39,244
C.Total assets (C1 + C2) 188,848 212,576
1.Non-current assets (a + b + c) 111,574 113,317
a.Net investment in finance lease 0 0
b.Fixed assets 89,785 86,541
c.Other/misc. assets 21,789 26,776
2.Current assets (e + f) 77,274 99,259
a.Cash and balances with treasury banks 22 13
b.Placement with other banks 522 235
c.Term deposits certificate 0 0
d.Other money market placements 9,531 9,291
e.Cash & cash equivalent (a + b + c + d) 10,075 9,539
f.Other/misc. current assets 67,199 89,720
D.Profit & loss account
1.Income from finance lease 0 0
2.Income from operating lease 34,828 34,038
3.Income from lease (D1 + D2) 34,828 34,038
4.Income from investments 0 0
5.Other income 651 1,352
6.Total income/revenue (D3 to D5) 35,479 35,390
7.Administrative expenses 8,462 8,904
8.Profit/(loss) before taxation 20,762 21,231
9.Profit/(loss) after taxation 13,130 13,994
E.Other items
1.No. of ordinary shares (000) 10,744 10,744
2.Cash dividend 0.00 0.00
3.Stock dividend 0.00 0.00
4.Cash generated from operating activities (7,640) 2,466
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 9.79% 9.45%
2.Return on capital employed (ROCE) (D8/(C-B 0.13 12.25%
3.Return on assets (ROA) (D9/C) 6.95% 6.58%
4.Return on revenue (ROR) (D9/D6) 37.01% 39.54%
5.Lease income to total income (D3/D6) 98.17% 96.18%
6.Administrative expenses to profit before tax. 0.64 0.64
7.Earning per share (D9/E1) 1.22 1.30
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C 5.33% 4.49%
2.Net investment in finance lease to total asset 0.00 0.00
3.Current assets to current liabilities (C2/B2) (t 2.36 2.53
4.Total liabilities to total assets (B/C) (times) 0.29 0.30
H.Capital /leverage ratios
1.Capital ratio (A/C) 71.04% 69.69%
2.Break up value per share (A/E1) 12.49 13.79
I.Cash flow ratio
1.Cash generated from operating activities to pro -0.58 0.18
2.Cash generated from operating activities to cur -0.23 0.06

92

Financial Statement Analysis of Financial Sector

Grays Leasing Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 75,140 75,248
1.Share capital 215,000 215,000
2.Reserves 59,236 59,256
3.Un appropriated profit/loss (199,096) (199,008)
4.Others 0 0
B.Total liabilities (B1+ B2) 148,693 159,213
1.Non-current liabilities (a + b + c) 140,927 23,860
a.Borrowings from financial and other institution 0 0
b.Deposit on finance lease 125,927 22,667
c.Other/misc. liabilities 15,000 1,193
2.Current liabilities 7,766 135,353
C.Total assets (C1 + C2) 223,833 234,461
1.Non-current assets (a + b + c) 219,993 45,732
a.Net investment in finance lease 217,617 43,913
b.Fixed assets 2,111 1,756
c.Other/misc. assets 265 63
2.Current assets (e + f) 3,840 188,729
a.Cash and balances with treasury banks 13 17
b.Placement with other banks 1,846 11,449
c.Term deposits certificate 0 0
d.Other money market placements 0 0
e.Cash & cash equivalent (a + b + c + d) 1,859 11,466
f.Other/misc. current assets 1,981 177,263
D.Profit & loss account
1.Income from finance lease 9,544 10,667
2.Income from operating lease 0 0
3.Income from lease (D1 + D2) 9,544 10,667
4.Income from investments 0 0
5.Other income 702 319
6.Total income/revenue (D3 to D5) 10,246 10,986
7.Administrative expenses 11,210 12,038
8.Profit/(loss) before taxation (677) (1,705)
9.Profit/(loss) after taxation (1,075) 102
E.Other items
1.No. of ordinary shares (000) 21,500 21,500
2.Cash dividend 0.00 0.00
3.Stock dividend 0.00 0.00
4.Cash generated from operating activities (745) (3,308)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) -1.43% 0.14%
2.Return on capital employed (ROCE) (D8/(C-B -0.31% -1.72%
3.Return on assets (ROA) (D9/C) -0.48% 0.04%
4.Return on revenue (ROR) (D9/D6) -10.49% 0.93%
5.Lease income to total income (D3/D6) 93.15% 0.97
6.Administrative expenses to profit before tax. -10.43 118.02
7.Earning per share (D9/E1) -0.05 0.00
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C 0.83% 4.89%
2.Net investment in finance lease to total asset 97.22% 18.73%
3.Current assets to current liabilities (C2/B2) (t 0.49 1.39
4.Total liabilities to total assets (B/C) (times) 0.66 0.68
H.Capital /leverage ratios
1.Capital ratio (A/C) 33.57% 32.09%
2.Break up value per share (A/E1) 3.49 3.50
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.69 -32.43
2.Cash generated from operating activities to cur -0.10 -0.02

93

Financial Statement Analysis of Financial Sector

Orix Leasing Pakistan Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 2,982,820 3,437,020
1.Share capital 820,529 820,529
2.Reserves 2,162,291 2,616,491
3.Un appropriated profit/loss 0 0
4.Others 81,109 112,009
B.Total liabilities (B1+ B2) 21,384,785 24,768,618
1.Non-current liabilities (a + b + c) 12,205,291 15,786,074
a.Borrowings from financial and other institution 280,307 4,707,563
b.Deposit on finance lease 4,484,318 5,238,768
c.Other/misc. liabilities 7,440,666 5,839,743
2.Current liabilities 9,179,494 8,982,544
C.Total assets (C1 + C2) 24,448,714 28,317,647
1.Non-current assets (a + b + c) 13,579,729 16,206,355
a.Net investment in finance lease 9,335,719 20,823,948
b.Fixed assets 1,766,703 1,761,811
c.Other/misc. assets 2,477,307 (6,379,404)
2.Current assets (e + f) 10,868,985 12,111,292
a.Cash and balances with treasury banks 1,357 1,216
b.Placement with other banks 99,127 171,965
c.Term deposits certificate 1,087,936 1,105,942
d.Other money market placements 0 0
e.Cash & cash equivalent (a + b + c + d) 1,188,420 1,279,123
f.Other/misc. current assets 9,680,565 10,832,169
D.Profit & loss account
1.Income from finance lease 1,974,466 2,261,355
2.Income from operating lease 952,632 664,002
3.Income from lease (D1 + D2) 2,927,098 2,925,357
4.Income from investments 445,503 461,746
5.Other income 447,265 585,872
6.Total income/revenue (D3 to D5) 3,819,866 3,972,975
7.Administrative expenses 755,241 784,965
8.Profit/(loss) before taxation 640,101 808,088
9.Profit/(loss) after taxation 516,113 627,897
E.Other items
1.No. of ordinary shares (000) 82,053 82,053
2.Cash dividend 0.35 0.45
3.Stock dividend 0.00 0.00
4.Cash generated from operating activities (560,501) (1,770,671)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 0.17 18.27%
2.Return on capital employed (ROCE) (D8/(C-B 4.19% 4.18%
3.Return on assets (ROA) (D9/C) 2.11% 2.22%
4.Return on revenue (ROR) (D9/D6) 13.51% 0.16
5.Lease income to total income (D3/D6) 76.63% 73.63%
6.Administrative expenses to profit before tax. 1.46 1.25
7.Earning per share (D9/E1) 6.29 7.65
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C 4.86% 4.52%
2.Net investment in finance lease to total asset 38.18% 73.54%
3.Current assets to current liabilities (C2/B2) (t 1.18 1.35
4.Total liabilities to total assets (B/C) (times) 0.87 0.87
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.12 12.14%
2.Break up value per share (A/E1) 36.35 41.89
I.Cash flow ratio
1.Cash generated from operating activities to pro -1.09 -2.82
2.Cash generated from operating activities to cur -0.06 -0.20

94
 Financial Statement Analysis of Financial Sector
Pak-Gulf Leasing Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 450,618 503,233
1.Share capital 253,698 253,698
2.Reserves 55,948 66,005
3.Un appropriated profit/loss 140,972 183,530
4.Others 44,205 44,218
B.Total liabilities (B1+ B2) 714,306 953,307
1.Non-current liabilities (a + b + c) 334,516 486,656
a.Borrowings from financial and other institution 0 0
b.Deposit on finance lease 204,525 345,791
c.Other/misc. liabilities 129,991 140,865
2.Current liabilities 379,790 466,651
C.Total assets (C1 + C2) 1,209,129 1,500,758
1.Non-current assets (a + b + c) 745,552 1,003,035
a.Net investment in finance lease 623,154 850,950
b.Fixed assets 100,976 125,764
c.Other/misc. assets 21,422 26,321
2.Current assets (e + f) 463,577 497,723
a.Cash and balances with treasury banks 5 17
b.Placement with other banks 18,729 43,737
c.Term deposits certificate 3,073 3,462
d.Other money market placements 0 0
e.Cash & cash equivalent (a + b + c + d) 21,807 47,216
f.Other/misc. current assets 441,770 450,507
D.Profit & loss account
1.Income from finance lease 84,549 117,152
2.Income from operating lease 4,721 0
3.Income from lease (D1 + D2) 89,270 117,152
4.Income from investments 0 0
5.Other income 5,378 3,648
6.Total income/revenue (D3 to D5) 94,648 120,800
7.Administrative expenses 37,095 46,156
8.Profit/(loss) before taxation 47,679 54,314
9.Profit/(loss) after taxation 29,221 50,285
E.Other items
1.No. of ordinary shares (000) 25,370 25,370
2.Cash dividend 0.00 0.00
3.Stock dividend 0.00 0.00
4.Cash generated from operating activities (117,996) (59,713)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 6.48% 9.99%
2.Return on capital employed (ROCE) (D8/(C-B 5.75% 5.25%
3.Return on assets (ROA) (D9/C) 2.42% 3.35%
4.Return on revenue (ROR) (D9/D6) 30.87% 41.63%
5.Lease income to total income (D3/D6) 94.32% 96.98%
6.Administrative expenses to profit before tax. 1.27 0.92
7.Earning per share (D9/E1) 1.15 1.98
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C 0.02 3.15%
2.Net investment in finance lease to total asset 51.54% 0.57
3.Current assets to current liabilities (C2/B2) (t 1.22 1.07
4.Total liabilities to total assets (B/C) (times) 0.59 0.64
H.Capital /leverage ratios
1.Capital ratio (A/C) 37.27% 33.53%
2.Break up value per share (A/E1) 17.76 19.84
I.Cash flow ratio
1.Cash generated from operating activities to pro -4.04 -1.19
2.Cash generated from operating activities to cur -0.31 -0.13

95

Financial Statement Analysis of Financial Sector

SME Leasing Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 188,445 170,270
1.Share capital 320,000 320,000
2.Reserves 48,466 48,466
3.Un appropriated profit/loss (180,021) (198,196)
4.Others 2,029 3,103
B.Total liabilities (B1+ B2) 467,910 393,869
1.Non-current liabilities (a + b + c) 72,553 58,533
a.Borrowings from financial and other institution 0 0
b.Deposit on finance lease 65,972 53,041
c.Other/misc. liabilities 6,581 5,492
2.Current liabilities 395,357 335,336
C.Total assets (C1 + C2) 658,384 567,242
1.Non-current assets (a + b + c) 224,628 120,025
a.Net investment in finance lease 154,887 91,803
b.Fixed assets 10,466 9,298
c.Other/misc. assets 59,275 18,924
2.Current assets (e + f) 433,756 447,217
a.Cash and balances with treasury banks 90 89
b.Placement with other banks 5,430 3,026
c.Term deposits certificate 3,209 4,283
d.Other money market placements 0 0
e.Cash & cash equivalent (a + b + c + d) 8,729 7,398
f.Other/misc. current assets 425,027 439,819
D.Profit & loss account
1.Income from finance lease 34,870 27,700
2.Income from operating lease 0 0
3.Income from lease (D1 + D2) 34,870 27,700
4.Income from investments 14 0
5.Other income 11,336 189
6.Total income/revenue (D3 to D5) 46,220 27,889
7.Administrative expenses 37,945 38,378
8.Profit/(loss) before taxation (10,583) (22,180)
9.Profit/(loss) after taxation (11,046) (18,386)
E.Other items
1.No. of ordinary shares (000) 32,000 32,000
2.Cash dividend 0.00 0.00
3.Stock dividend 0.00 0.00
4.Cash generated from operating activities (115,730) 26,536
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) -5.86% -0.11
2.Return on capital employed (ROCE) (D8/(C-B -4.02% -9.56%
3.Return on assets (ROA) (D9/C) -1.68% -3.24%
4.Return on revenue (ROR) (D9/D6) -0.24 -65.93%
5.Lease income to total income (D3/D6) 75.44% 99.32%
6.Administrative expenses to profit before tax. -3.44 -2.09
7.Earning per share (D9/E1) -0.35 -0.57
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C 1.33% 0.01
2.Net investment in finance lease to total asset 23.53% 16.18%
3.Current assets to current liabilities (C2/B2) (t 1.10 1.33
4.Total liabilities to total assets (B/C) (times) 0.71 0.69
H.Capital /leverage ratios
1.Capital ratio (A/C) 28.62% 30.02%
2.Break up value per share (A/E1) 5.89 5.32
I.Cash flow ratio
1.Cash generated from operating activities to pro 10.48 -1.44
2.Cash generated from operating activities to cur -0.29 0.08

96

Financial Statement Analysis of Financial Sector

Saudi Pak Leasing Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) (371,059) (556,765)
1.Share capital 979,813 979,813
2.Reserves 177,928 177,928
3.Un appropriated profit/loss (1,528,800) (1,714,506)
4.Others 33,356 25,764
B.Total liabilities (B1+ B2) 1,560,205 1,544,668
1.Non-current liabilities (a + b + c) 103,854 74,155
a.Borrowings from financial and other institution 15,278 0
b.Deposit on finance lease 7,330 3,750
c.Other/misc. liabilities 81,246 70,405
2.Current liabilities 1,456,351 1,470,513
C.Total assets (C1 + C2) 1,222,502 1,013,667
1.Non-current assets (a + b + c) 84,510 115,032
a.Net investment in finance lease 17,737 8,752
b.Fixed assets 21,636 64,673
c.Other/misc. assets 45,137 41,607
2.Current assets (e + f) 1,137,992 898,635
a.Cash and balances with treasury banks 102 88
b.Placement with other banks 23,450 3,335
c.Term deposits certificate 38,722 88,407
d.Other money market placements 0 0
e.Cash & cash equivalent (a + b + c + d) 62,274 91,830
f.Other/misc. current assets 1,075,718 806,805
D.Profit & loss account
1.Income from finance lease 47,128 16,195
2.Income from operating lease 2,678 2,556
3.Income from lease (D1 + D2) 49,806 18,751
4.Income from investments 0 0
5.Other income 158,009 42,134
6.Total income/revenue (D3 to D5) 207,815 60,885
7.Administrative expenses 58,627 59,868
8.Profit/(loss) before taxation 4,859 (190,826)
9.Profit/(loss) after taxation 7,218 (192,928)
E.Other items
1.No. of ordinary shares (000) 45,160 45,160
2.Cash dividend 0.00 0.00
3.Stock dividend 0.00 0.00
4.Cash generated from operating activities 163,326 34,965
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) -1.95% 34.65%
2.Return on capital employed (ROCE) (D8/(C-B -2.08% 41.77%
3.Return on assets (ROA) (D9/C) 0.59% -19.03%
4.Return on revenue (ROR) (D9/D6) 3.47% -316.87%
5.Lease income to total income (D3/D6) 23.97% 0.31
6.Administrative expenses to profit before tax. 8.12 -0.31
7.Earning per share (D9/E1) 0.16 -4.27
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C 5.09% 9.06%
2.Net investment in finance lease to total asset 1.45% 0.86%
3.Current assets to current liabilities (C2/B2) (t 0.78 0.61
4.Total liabilities to total assets (B/C) (times) 1.28 1.52
H.Capital /leverage ratios
1.Capital ratio (A/C) -30.35% -54.93%
2.Break up value per share (A/E1) -8.22 -12.33
I.Cash flow ratio
1.Cash generated from operating activities to pro 22.63 -0.18
2.Cash generated from operating activities to cur 0.11 0.02

97

Financial Statement Analysis of Financial Sector

Security Leasing Corporation Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 124,905 103,044
1.Share capital 438,028 438,028
2.Reserves 181,867 181,867
3.Un appropriated profit/loss (494,990) (516,851)
4.Others 37,436 33,465
B.Total liabilities (B1+ B2) 756,609 727,133
1.Non-current liabilities (a + b + c) 48,145 302,007
a.Borrowings from financial and other institution 15,773 272,328
b.Deposit on finance lease 30,107 29,679
c.Other/misc. liabilities 2,265 0
2.Current liabilities 708,464 425,126
C.Total assets (C1 + C2) 918,950 863,642
1.Non-current assets (a + b + c) 404,172 506,457
a.Net investment in finance lease 62,292 65,908
b.Fixed assets 15,652 93,423
c.Other/misc. assets 326,228 347,126
2.Current assets (e + f) 514,778 357,185
a.Cash and balances with treasury banks 9 18
b.Placement with other banks 3,554 27,402
c.Term deposits certificate 33,000 0
d.Other money market placements 10,000 10,000
e.Cash & cash equivalent (a + b + c + d) 46,563 37,420
f.Other/misc. current assets 468,215 319,765
D.Profit & loss account
1.Income from finance lease 26,911 9,186
2.Income from operating lease 4,020 4,241
3.Income from lease (D1 + D2) 30,931 13,427
4.Income from investments 0 0
5.Other income (64,657) 4,123
6.Total income/revenue (D3 to D5) (33,726) 17,550
7.Administrative expenses 78,600 79,895
8.Profit/(loss) before taxation (133,599) (47,066)
9.Profit/(loss) after taxation (134,927) (28,521)
E.Other items
1.No. of ordinary shares (000) 36,300 36,300
2.Cash dividend 0.00 0.00
3.Stock dividend 0.00 0.00
4.Cash generated from operating activities 107,327 (27,574)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) -108.02% -27.68%
2.Return on capital employed (ROCE) (D8/(C-B -63.47% -10.73%
3.Return on assets (ROA) (D9/C) -14.68% -0.03
4.Return on revenue (ROR) (D9/D6) 400.07% -162.51%
5.Lease income to total income (D3/D6) -91.71% 76.51%
6.Administrative expenses to profit before tax. -0.58 -2.80
7.Earning per share (D9/E1) -3.72 -0.79
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C 5.07% 4.33%
2.Net investment in finance lease to total asset 6.78% 7.63%
3.Current assets to current liabilities (C2/B2) (t 0.73 0.84
4.Total liabilities to total assets (B/C) (times) 0.82 0.84
H.Capital /leverage ratios
1.Capital ratio (A/C) 13.59% 11.93%
2.Break up value per share (A/E1) 3.44 2.84
I.Cash flow ratio
1.Cash generated from operating activities to pro -0.80 0.97
2.Cash generated from operating activities to cur 0.15 -0.06

Investment Banks - Overall

Items 2014 2015
A.Total equity (A1 to A3) (260,669) (328,578)
1.Share capital 8,809,385 8,950,959
2.Reserves (849,331) (854,778)
3.Unappropriated profit/loss (8,220,723) (8,424,759)
4.Others 689,084 670,066
B.Total liabilities (B1 + B2) 10,515,132 10,121,712
1.Current liabilities 7,188,761 6,493,632
2.Non-current liabilities 3,326,371 3,628,080
C.Total assets (C1+C2) 10,943,546 10,463,200
1.Current assets (a + b) 6,832,848 5,360,468
a.Cash and banks balances 233,487 300,789
b.Other current assets 6,599,361 5,059,679
2.Non-current assets (a + b + c) 4,110,698 5,102,732
a.Fixed assets 1,731,111 1,265,993
b.Long-term investments 997,772 783,350
c.Other non-current assets 1,381,815 3,053,389
D.Profit & loss account
1.Gross revenue 675,004 663,841
2.Administartive & operating expenses 546,639 532,436
3.Operating profit 128,365 131,405
4.Finance cost 190,190 54,576
5.Profit/(loss) before taxation (166,124) 31,952
6.Profit/(loss) after taxation (188,900) (186,022)
E.Other items
1.No. of ordinary shares (000) 880,940 895,097
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities (983,409) 236,164
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 72.47% 56.61%
2.Return on capital employed (ROCE) (D5/(C-B -4.42% 0.01
3.Return on assets (ROA) (D6/C) -1.73% -1.78%
4.Return on revenue (ROR) (D6/D1) -27.99% -28.02%
5.Operating expenses to net income (D2/D6) -289.38% -286.22%
6.Earning per share (D6/E1) -0.21 -0.21
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (t 0.95 0.83
2.Total liabilities to total assets (B/C) (times) 0.96 0.97
3.Long term investment to total assets (C2b/C) 9.12% 7.49%
H.Capital /leverage ratios
1.Capital ratio (A/C) -2.38% -3.14%
2.Break up value per share (A/E1) -0.30 -0.37
I.Cash flow ratio
1.Cash generated from operating activities to pro 5.21 -1.27

101

Financial Statement Analysis of Financial Sector

Escorts Investment Bank Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 223,814 188,885
1.Share capital 441,000 441,000
2.Reserves 158,497 158,497
3.Unappropriated profit/loss (375,683) (410,612)
4.Others 26,818 26,826
B.Total liabilities (B1 + B2) 1,498,996 1,332,129
1.Current liabilities 1,104,230 1,042,013
2.Non-current liabilities 394,766 290,116
C.Total assets (C1+C2) 1,749,628 1,547,840
1.Current assets (a + b) 1,298,298 1,063,817
a.Cash and banks balances 53,225 29,359
b.Other current assets 1,245,073 1,034,458
2.Non-current assets (a + b + c) 451,330 484,023
a.Fixed assets 114,259 106,882
b.Long-term investments 149,409 149,352
c.Other non-current assets 187,662 227,789
D.Profit & loss account
1.Gross revenue 190,833 217,988
2.Administartive & operating expenses 117,899 134,989
3.Operating profit 72,934 82,999
4.Finance cost 4,371 144
5.Profit/(loss) before taxation (40,213) (61,604)
6.Profit/(loss) after taxation (45,978) (36,654)
E.Other items
1.No. of ordinary shares (000) 44,100 44,100
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 65,486 416
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) -20.54% -19.41%
2.Return on capital employed (ROCE) (D5/(C-B -6.23% -12.18%
3.Return on assets (ROA) (D6/C) -2.63% -2.37%
4.Return on revenue (ROR) (D6/D1) -24.09% -16.81%
5.Operating expenses to net income (D2/D6) -256.42% -368.28%
6.Earning per share (D6/E1) -1.04 -0.83
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (t 1.18 1.02
2.Total liabilities to total assets (B/C) (times) 0.86 0.86
3.Long term investment to total assets (C2b/C) 8.54% 9.65%
H.Capital /leverage ratios
1.Capital ratio (A/C) 12.79% 0.12
2.Break up value per share (A/E1) 5.08 4.28
I.Cash flow ratio
1.Cash generated from operating activities to pro -1.42 -0.01

102

Financial Statement Analysis of Financial Sector

First Credit and Investment Bank
Items 2014 2015
A.Total equity (A1 to A3) 649,417 672,776
1.Share capital 650,000 650,000
2.Reserves 117,942 122,546
3.Unappropriated profit/loss (118,525) (99,770)
4.Others (10,384) (10,372)
B.Total liabilities (B1 + B2) 98,521 30,214
1.Current liabilities 90,353 26,288
2.Non-current liabilities 8,168 3,926
C.Total assets (C1+C2) 737,554 692,618
1.Current assets (a + b) 182,852 360,288
a.Cash and banks balances 382 8,880
b.Other current assets 182,470 351,408
2.Non-current assets (a + b + c) 554,702 332,330
a.Fixed assets 6,599 6,077
b.Long-term investments 413,544 199,526
c.Other non-current assets 134,559 126,727
D.Profit & loss account
1.Gross revenue 60,453 81,247
2.Administartive & operating expenses 42,455 43,973
3.Operating profit 17,998 37,274
4.Finance cost 12,402 9,723
5.Profit/(loss) before taxation 4,023 28,665
6.Profit/(loss) after taxation 1,394 23,016
E.Other items
1.No. of ordinary shares (000) 65,000 65,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 6,458 47,623
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.21% 3.42%
2.Return on capital employed (ROCE) (D5/(C-B 0.62% 0.04
3.Return on assets (ROA) (D6/C) 0.19% 3.32%
4.Return on revenue (ROR) (D6/D1) 2.31% 28.33%
5.Operating expenses to net income (D2/D6) 3045.55% 191.05%
6.Earning per share (D6/E1) 0.02 0.35
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (t 2.02 13.71
2.Total liabilities to total assets (B/C) (times) 0.13 0.04
3.Long term investment to total assets (C2b/C) 56.07% 28.81%
H.Capital /leverage ratios
1.Capital ratio (A/C) 88.05% 97.14%
2.Break up value per share (A/E1) 9.99 10.35
I.Cash flow ratio
1.Cash generated from operating activities to pro 4.63 2.07

103
 Financial Statement Analysis of Financial Sector
First Dawood Investment Bank Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 62,583 185,325
1.Share capital 1,342,326 1,483,900
2.Reserves 333,745 335,047
3.Unappropriated profit/loss (1,613,488) (1,633,622)
4.Others (6,983) (3,298)
B.Total liabilities (B1 + B2) 947,291 783,832
1.Current liabilities 947,272 783,813
2.Non-current liabilities 19 19
C.Total assets (C1+C2) 1,002,891 965,859
1.Current assets (a + b) 534,388 481,637
a.Cash and banks balances 25,979 49,162
b.Other current assets 508,409 432,475
2.Non-current assets (a + b + c) 468,503 484,222
a.Fixed assets 5,524 2,289
b.Long-term investments 188,083 187,478
c.Other non-current assets 274,896 294,455
D.Profit & loss account
1.Gross revenue 27,825 45,901
2.Administartive & operating expenses 66,023 41,845
3.Operating profit (38,198) 4,056
4.Finance cost 49,476 45,528
5.Profit/(loss) before taxation (140,907) 6,780
6.Profit/(loss) after taxation (140,945) 6,509
E.Other items
1.No. of ordinary shares (000) 134,233 148,390
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (26,315) 49,550
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) -225.21% 3.51%
2.Return on capital employed (ROCE) (D5/(C-B -253.34% 3.72%
3.Return on assets (ROA) (D6/C) -14.05% 0.67%
4.Return on revenue (ROR) (D6/D1) -506.54% 14.18%
5.Operating expenses to net income (D2/D6) -46.84% 642.88%
6.Earning per share (D6/E1) -1.05 0.04
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (t 0.56 0.61
2.Total liabilities to total assets (B/C) (times) 0.94 0.81
3.Long term investment to total assets (C2b/C) 18.75% 19.41%
H.Capital /leverage ratios
1.Capital ratio (A/C) 6.24% 19.19%
2.Break up value per share (A/E1) 0.47 1.25
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.19 7.61

104

Financial Statement Analysis of Financial Sector

Invest Capital Investment Bank Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 170,068 176,224
1.Share capital 2,848,669 2,848,669
2.Reserves (2,022,076) (2,022,076)
3.Unappropriated profit/loss (656,525) (650,369)
4.Others 11,908 7,005
B.Total liabilities (B1 + B2) 1,170,678 1,029,605
1.Current liabilities 909,404 838,702
2.Non-current liabilities 261,274 190,903
C.Total assets (C1+C2) 1,352,653 1,212,834
1.Current assets (a + b) 757,826 667,004
a.Cash and banks balances 10,933 2,027
b.Other current assets 746,893 664,977
2.Non-current assets (a + b + c) 594,827 545,830
a.Fixed assets 70,495 153,987
b.Long-term investments 109,323 162,016
c.Other non-current assets 415,009 229,827
D.Profit & loss account
1.Gross revenue 76,157 64,351
2.Administartive & operating expenses 51,782 38,323
3.Operating profit 24,375 26,028
4.Finance cost 24,654 (8,768)
5.Profit/(loss) before taxation 100,566 6,844
6.Profit/(loss) after taxation 98,725 6,155
E.Other items
1.No. of ordinary shares (000) 284,867 284,867
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 93,260 114,799
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 58.05% 3.49%
2.Return on capital employed (ROCE) (D5/(C-B 22.69% 1.83%
3.Return on assets (ROA) (D6/C) 0.07 0.51%
4.Return on revenue (ROR) (D6/D1) 129.63% 9.56%
5.Operating expenses to net income (D2/D6) 52.45% 622.63%
6.Earning per share (D6/E1) 0.35 0.02
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (t 0.83 0.80
2.Total liabilities to total assets (B/C) (times) 0.87 0.85
3.Long term investment to total assets (C2b/C) 8.08% 13.36%
H.Capital /leverage ratios
1.Capital ratio (A/C) 12.57% 14.53%
2.Break up value per share (A/E1) 0.60 0.62
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.94 18.65

105

Financial Statement Analysis of Financial Sector

Security Investment Bank Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 517,324 514,014
1.Share capital 514,336 514,336
2.Reserves 145,543 145,543
3.Unappropriated profit/loss (142,555) (145,865)
4.Others (787) (95)
B.Total liabilities (B1 + B2) 29,680 38,417
1.Current liabilities 29,680 38,417
2.Non-current liabilities 0 0
C.Total assets (C1+C2) 546,217 552,336
1.Current assets (a + b) 485,356 511,784
a.Cash and banks balances 54,904 12,086
b.Other current assets 430,452 499,698
2.Non-current assets (a + b + c) 60,861 40,552
a.Fixed assets 1,062 11,569
b.Long-term investments 26,182 2,979
c.Other non-current assets 33,617 26,004
D.Profit & loss account
1.Gross revenue 74,176 38,994
2.Administartive & operating expenses 36,259 39,019
3.Operating profit 37,917 (25)
4.Finance cost 23,381 1,747
5.Profit/(loss) before taxation 14,537 1,772
6.Profit/(loss) after taxation 12,206 (4,311)
E.Other items
1.No. of ordinary shares (000) 51,434 51,434
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (350,259) (51,817)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 2.36% -0.84%
2.Return on capital employed (ROCE) (D5/(C-B 2.81% 0.34%
3.Return on assets (ROA) (D6/C) 2.23% -0.78%
4.Return on revenue (ROR) (D6/D1) 16.46% -11.06%
5.Operating expenses to net income (D2/D6) 297.06% -9.05
6.Earning per share (D6/E1) 0.24 -0.08
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (t 16.35 13.32
2.Total liabilities to total assets (B/C) (times) 0.05 0.07
3.Long term investment to total assets (C2b/C) 4.79% 0.54%
H.Capital /leverage ratios
1.Capital ratio (A/C) 94.71% 93.06%
2.Break up value per share (A/E1) 10.06 9.99
I.Cash flow ratio
1.Cash generated from operating activities to pro -28.70 12.02

106

Financial Statement Analysis of Financial Sector

Trust Investment Bank Ltd.
Items 2014 2015
A.Total equity (A1 to A3) (1,614,800) (1,602,027)
1.Share capital 892,029 892,029
2.Reserves 301,828 286,974
3.Unappropriated profit/loss (2,808,657) (2,781,030)
4.Others 18,512 0
B.Total liabilities (B1 + B2) 5,757,416 6,056,614
1.Current liabilities 3,380,272 3,166,498
2.Non-current liabilities 2,377,144 2,890,116
C.Total assets (C1+C2) 4,161,128 4,454,587
1.Current assets (a + b) 2,623,799 1,434,872
a.Cash and banks balances 12,399 6,484
b.Other current assets 2,611,400 1,428,388
2.Non-current assets (a + b + c) 1,537,329 3,019,715
a.Fixed assets 1,494,427 942,462
b.Long-term investments 33,193 20,863
c.Other non-current assets 9,709 2,056,390
D.Profit & loss account
1.Gross revenue 115,618 42,937
2.Administartive & operating expenses 94,483 76,712
3.Operating profit 21,135 (33,775)
4.Finance cost 13,444 2,960
5.Profit/(loss) before taxation 6,252 14,796
6.Profit/(loss) after taxation 4,820 13,963
E.Other items
1.No. of ordinary shares (000) 89,203 89,203
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (128,677) (16,280)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 -0.87%
2.Return on capital employed (ROCE) (D5/(C-B 0.01 1.15%
3.Return on assets (ROA) (D6/C) 0.12% 0.31%
4.Return on revenue (ROR) (D6/D1) 4.17% 32.52%
5.Operating expenses to net income (D2/D6) 1960.23% 549.39%
6.Earning per share (D6/E1) 0.05 0.16
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (t 0.78 0.45
2.Total liabilities to total assets (B/C) (times) 1.38 1.36
3.Long term investment to total assets (C2b/C) 0.01 0.47%
H.Capital /leverage ratios
1.Capital ratio (A/C) -38.81% -35.96%
2.Break up value per share (A/E1) -18.10 -17.96
I.Cash flow ratio
1.Cash generated from operating activities to pro -26.70 -1.17

Mutual Fund Companies - Overall

Items 2014 2015
A.Total equity (A1 to A3) 15,148,996 12,524,093
1.Certificate holders equity 8,067,492 7,486,742
2.Reserves 3,977,913 3,977,913
3.Unappropriated profit/loss 3,103,591 1,059,438
4.Others 6,803,156 6,786,592
B.Total liabilities (B1 + B2) 1,216,336 703,170
1.Payable to investment advisor 46,286 52,437
2.Others 1,170,050 650,733
C.Total assets (C1 to C3) 23,168,488 20,013,855
1.Cash & bank balances 1,000,154 2,171,164
2.Investments 21,213,811 17,618,188
3.Others 954,523 224,503
D.Profit & loss account
1.Income (a to g) 4,313,050 1,117,174
a.Markup/interest income 212,353 156,096
b.Dividend income 701,381 608,111
c.Income from future transactions 0 15,956
d.Net gain on sale of investments (60,155) 14,974
e.Net unrealized gain/(loss) on investment 1,125,739 (437,082)
f.Capital gain 2,332,192 744,599
g.Other income 1,540 14,520
E.Total expense (E1 to E5) 751,211 652,783
1.Remuneration to management co-advisor 392,132 377,651
2.Remuneration to trustees/custodians 14,356 13,201
3.Brokerage-commission /fee 2,775 981
4.Administrative and general expenses 368,529 231,879
5.Other (26,581) 29,071
F.Net income for the year (D1-E) 3,561,839 464,391
G.Other items
1.No. of units (000) 882,798 824,723
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 3,043,711 3,720,884
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 78.81% 31.59%
2.Trading income (D1c/D1) 0.00 1.43%
3.Return on revenue (ROR) (F/D1) 82.58% 41.57%
4.Return on assets (ROA) (F/C) 15.37% 2.32%
5.Management expenses (E1/E) 0.52 57.85%
6.Net assets value per share (A1/G1) 9.14 9.08
7.Earning per share (F/G1) 4.03 0.56
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 4.32% 10.85%
2.Total liabilities to total assets (B/C) 5.25% 3.51%
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 34.82% 37.41%
K.Cash flow ratio
Cash generated from operating activities to net 0.85 8.01

110

Financial Statement Analysis of Financial Sector

Golden Arrow Selected Stocks Fund Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 1,666,697 1,744,806
1.Certificate holders equity 760,492 760,492
2.Reserves 500 500
3.Unappropriated profit/loss 905,705 983,814
4.Others 0 0
B.Total liabilities (B1 + B2) 89,804 113,783
1.Payable to investment advisor 3,872 7,540
2.Others 85,932 106,243
C.Total assets (C1 to C3) 1,756,501 1,858,589
1.Cash & bank balances 53,271 107,418
2.Investments 1,698,189 1,672,007
3.Others 5,041 79,164
D.Profit & loss account
1.Income (a to g) 809,134 634,899
a.Markup/interest income 6,348 5,532
b.Dividend income 65,172 37,763
c.Income from future transactions 0 0
d.Net gain on sale of investments 0 0
e.Net unrealized gain/(loss) on investment 259,904 247,311
f.Capital gain 477,710 344,293
g.Other income 0 0
E.Total expense (E1 to E5) 74,386 70,076
1.Remuneration to management co-advisor 35,031 33,618
2.Remuneration to trustees/custodians 1,123 1,091
3.Brokerage-commission /fee 902 0
4.Administrative and general expenses 37,330 35,367
5.Other 0 0
F.Net income for the year (D1-E) 734,748 564,823
G.Other items
1.No. of units (000) 152,098 152,098
2.Cash dividend 0.66 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 667,662 538,797
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 91.16% 93.18%
2.Trading income (D1c/D1) 0.00 0.00
3.Return on revenue (ROR) (F/D1) 90.81% 88.96%
4.Return on assets (ROA) (F/C) 41.83% 30.39%
5.Management expenses (E1/E) 47.09% 47.97%
6.Net assets value per share (A1/G1) 5.00 5.00
7.Earning per share (F/G1) 4.83 3.71
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 3.03% 5.78%
2.Total liabilities to total assets (B/C) 5.11% 6.12%
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.43 40.92%
K.Cash flow ratio
Cash generated from operating activities to net 0.91 0.95

111

Financial Statement Analysis of Financial Sector

PICIC Growth Fund
Items 2014 2015
A.Total equity (A1 to A3) 7,904,120 6,489,505
1.Certificate holders equity 2,835,000 2,835,000
2.Reserves 2,992,500 2,992,500
3.Unappropriated profit/loss 2,076,620 662,005
4.Others 4,962,010 4,953,097
B.Total liabilities (B1 + B2) 731,610 354,945
1.Payable to investment advisor 24,876 21,934
2.Others 706,734 333,011
C.Total assets (C1 to C3) 13,597,740 11,797,547
1.Cash & bank balances 106,613 627,797
2.Investments 12,880,629 11,068,652
3.Others 610,498 101,098
D.Profit & loss account
1.Income (a to g) 2,252,380 243,037
a.Markup/interest income 31,286 33,368
b.Dividend income 426,200 392,263
c.Income from future transactions 0 0
d.Net gain on sale of investments 0 0
e.Net unrealized gain/(loss) on investment 591,956 (445,205)
f.Capital gain 1,202,938 262,611
g.Other income 0 0
E.Total expense (E1 to E5) 431,135 381,902
1.Remuneration to management co-advisor 225,545 226,743
2.Remuneration to trustees/custodians 7,014 7,044
3.Brokerage-commission /fee 0 0
4.Administrative and general expenses 228,657 141,845
5.Other (30,081) 6,270
F.Net income for the year (D1-E) 1,821,245 (138,865)
G.Other items
1.No. of units (000) 283,500 283,500
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,192,332 1,782,614
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 79.69% -75.13%
2.Trading income (D1c/D1) 0.00 0.00
3.Return on revenue (ROR) (F/D1) 80.86% -57.14%
4.Return on assets (ROA) (F/C) 13.39% -1.18%
5.Management expenses (E1/E) 52.31% 59.37%
6.Net assets value per share (A1/G1) 10.00 10.00
7.Earning per share (F/G1) 6.42 -0.49
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.78% 5.32%
2.Total liabilities to total assets (B/C) 5.38% 3.01%
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 20.85% 24.03%
K.Cash flow ratio
Cash generated from operating activities to net 0.65 -12.84

112

Financial Statement Analysis of Financial Sector

PICIC Investment Fund
Items 2014 2015
A.Total equity (A1 to A3) 3,915,794 3,209,869
1.Certificate holders equity 2,841,250 2,841,250
2.Reserves 984,913 984,913
3.Unappropriated profit/loss 89,631 (616,294)
4.Others 1,841,690 1,833,495
B.Total liabilities (B1 + B2) 366,338 195,064
1.Payable to investment advisor 11,131 9,667
2.Others 355,207 185,397
C.Total assets (C1 to C3) 6,123,822 5,238,428
1.Cash & bank balances 87,167 366,044
2.Investments 5,720,675 4,832,231
3.Others 315,980 40,153
D.Profit & loss account
1.Income (a to g) 1,149,650 95,136
a.Markup/interest income 19,066 18,566
b.Dividend income 202,092 178,063
c.Income from future transactions 0 0
d.Net gain on sale of investments 0 0
e.Net unrealized gain/(loss) on investment 291,433 (239,188)
f.Capital gain 637,059 137,695
g.Other income 0 0
E.Total expense (E1 to E5) 204,627 175,987
1.Remuneration to management co-advisor 101,795 100,573
2.Remuneration to trustees/custodians 3,929 3,886
3.Brokerage-commission /fee 0 0
4.Administrative and general expenses 97,293 51,508
5.Other 1,610 20,020
F.Net income for the year (D1-E) 945,023 (80,851)
G.Other items
1.No. of units (000) 284,125 284,125
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 582,576 898,290
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 80.76% -106.68%
2.Trading income (D1c/D1) 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.82 -84.98%
4.Return on assets (ROA) (F/C) 15.43% -1.54%
5.Management expenses (E1/E) 49.75% 57.15%
6.Net assets value per share (A1/G1) 10.00 10.00
7.Earning per share (F/G1) 3.33 -0.28
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 1.42% 6.99%
2.Total liabilities to total assets (B/C) 5.98% 3.72%
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.46 54.24%
K.Cash flow ratio
Cash generated from operating activities to net 0.62 -11.11

113

Financial Statement Analysis of Financial Sector

Tri-Star Mutual Fund Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 40,913 40,913
1.Certificate holders equity 50,000 50,000
2.Reserves 0 0
3.Unappropriated profit/loss (9,087) (9,087)
4.Others 0 0
B.Total liabilities (B1 + B2) 5,506 5,506
1.Payable to investment advisor 3,939 3,939
2.Others 1,567 1,567
C.Total assets (C1 to C3) 46,419 46,419
1.Cash & bank balances 2 2
2.Investments 45,298 45,298
3.Others 1,119 1,119
D.Profit & loss account
1.Income (a to g) 15,978 30,463
a.Markup/interest income 0 0
b.Dividend income 22 22
c.Income from future transactions 0 15,956
d.Net gain on sale of investments 0 0
e.Net unrealized gain/(loss) on investment 0 0
f.Capital gain 14,485 0
g.Other income 1,471 14,485
E.Total expense (E1 to E5) 1,055 1,055
1.Remuneration to management co-advisor 681 681
2.Remuneration to trustees/custodians 30 30
3.Brokerage-commission /fee 0 0
4.Administrative and general expenses 344 344
5.Other 0 0
F.Net income for the year (D1-E) 14,923 29,408
G.Other items
1.No. of units (000) 5,000 5,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (852) (761)
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 99.86% 99.93%
2.Trading income (D1c/D1) 0.00 52.38%
3.Return on revenue (ROR) (F/D1) 0.93 96.54%
4.Return on assets (ROA) (F/C) 32.15% 63.35%
5.Management expenses (E1/E) 64.55% 64.55%
6.Net assets value per share (A1/G1) 10.00 10.00
7.Earning per share (F/G1) 2.98 5.88
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.00 0.00
2.Total liabilities to total assets (B/C) 11.86% 11.86%
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 107.71% 107.71%
K.Cash flow ratio
Cash generated from operating activities to net -0.06 -0.03

Modaraba Companies - Overall

Items 2014 2015
A.Total equity (A1 to A3) 14,308,329 15,686,997
1.Certificate capital 9,617,956 10,645,680
2.Reserves 5,790,671 6,094,913
3.Unappropriated profit (1,100,298) (1,053,596)
4.Others 661,189 927,654
B.Total liabilities (B1 + B2) 15,791,207 14,990,893
1.Current liabilities 9,445,239 9,272,542
2.Non-current liabilities 6,345,968 5,718,351
C.Total assets (C1+C2) 30,760,725 31,605,545
1.Current assets (a + b) 10,907,269 11,619,848
a.Cash and banks balances 1,925,675 2,541,897
b.Other current assets 8,981,594 9,077,951
2.Non-current assets (a + b + c) 19,853,456 19,985,697
a.Fixed assets 15,348,488 15,170,986
b.Long-term investments 3,581,736 4,151,469
c.Other non-current assets 923,232 663,242
D.Profit & loss account
1.Gross revenue(loss) 8,507,291 8,483,525
2.Operating expenses 2,452,217 2,913,318
3.Operating profit 6,055,074 5,570,207
4.Modaraba co's management fees 101,202 121,447
5.Profit/(loss) before taxation 1,484,681 1,490,577
6.Profit/(loss) after taxation 1,457,163 1,452,657
E.Other items
1.No. of certificates (000) 1,062,593 1,165,367
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 3,094,915 3,176,646
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 10.18% 9.26%
2.Return on capital employed (ROCE) (D5/(C-B 6.97% 6.67%
3.Return on assets (ROA) (D6/C) 4.74% 0.05
4.Return on revenue (D6/D1) 17.13% 17.12%
5.Operating expenses to net income (D2/D6) 168.29% 200.55%
6.Management expenses (D4/D2) 4.13% 4.17%
7.Earning Per Certificate (D6/E1) 1.37 1.25
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 1.15 1.25
2.Total liabilities to total assets (B/C) (times) 0.51 0.47
3.Long term investment to total assets (C2b/C) 11.64% 13.14%
H.Capital /leverage ratios
1.Capital ratio (A/C) 46.51% 49.63%
2.Break up value per certificate (A/E1) 13.47 13.46
I.Cash flow ratio
1.Cash generated from operating activities to pro 2.12 2.19
2.Cash generated from operating activities to cur 0.33 0.34

117

Financial Statement Analysis of Financial Sector

Allied Rental Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 2,679,195 2,959,682
1.Certificate capital 1,218,750 1,462,500
2.Reserves 1,078,381 1,179,593
3.Unappropriated profit 382,064 317,589
4.Others 439,500 744,188
B.Total liabilities (B1 + B2) 2,237,942 2,230,114
1.Current liabilities 1,255,521 1,390,011
2.Non-current liabilities 982,421 840,103
C.Total assets (C1+C2) 5,356,637 5,933,984
1.Current assets (a + b) 476,507 670,911
a.Cash and banks balances 48,027 74,507
b.Other current assets 428,480 596,404
2.Non-current assets (a + b + c) 4,880,130 5,263,073
a.Fixed assets 4,709,887 5,178,218
b.Long-term investments 0 0
c.Other non-current assets 170,243 84,855
D.Profit & loss account
1.Gross revenue(loss) 2,542,211 2,699,426
2.Operating expenses 1,669,589 1,987,050
3.Operating profit 872,622 712,376
4.Modaraba co's management fees 6,515 10,088
5.Profit/(loss) before taxation 651,455 403,529
6.Profit/(loss) after taxation 651,455 403,529
E.Other items
1.No. of certificates (000) 121,875 146,250
2.Cash dividend 0.30 0.20
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 759,483 1,027,846
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 24.32% 13.63%
2.Return on capital employed (ROCE) (D5/(C-B 15.88% 8.88%
3.Return on assets (ROA) (D6/C) 12.16% 0.07
4.Return on revenue (D6/D1) 25.63% 14.95%
5.Operating expenses to net income (D2/D6) 256.29% 492.42%
6.Management expenses (D4/D2) 0.39% 0.51%
7.Earning Per Certificate (D6/E1) 5.35 2.76
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 0.38 0.48
2.Total liabilities to total assets (B/C) (times) 0.42 0.38
3.Long term investment to total assets (C2b/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 50.02% 49.88%
2.Break up value per certificate (A/E1) 21.98 20.24
I.Cash flow ratio
1.Cash generated from operating activities to pro 1.17 2.55
2.Cash generated from operating activities to cur 0.60 0.74

118

Financial Statement Analysis of Financial Sector

Awwal Modaraba
Items 2014 2015
A.Total equity (A1 to A3) - -
1.Certificate capital - -
2.Reserves - -
3.Unappropriated profit - -
4.Others - -
B.Total liabilities (B1 + B2) - -
1.Current liabilities - -
2.Non-current liabilities - -
C.Total assets (C1+C2) - -
1.Current assets (a + b) - -
a.Cash and banks balances - -
b.Other current assets - -
2.Non-current assets (a + b + c) - -
a.Fixed assets - -
b.Long-term investments - -
c.Other non-current assets - -
D.Profit & loss account
1.Gross revenue(loss) - -
2.Operating expenses - -
3.Operating profit - -
4.Modaraba co's management fees - -
5.Profit/(loss) before taxation - -
6.Profit/(loss) after taxation - -
E.Other items
1.No. of certificates (000) - -
2.Cash dividend - -
3.Stock dividend/bonus shares - -
4.Cash generated from operating activities - -
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) - -
2.Return on capital employed (ROCE) (D5/(C-B- -
3.Return on assets (ROA) (D6/C) - -
4.Return on revenue (D6/D1) - -
5.Operating expenses to net income (D2/D6) - -
6.Management expenses (D4/D2) - -
7.Earning Per Certificate (D6/E1) - -
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t - -
2.Total liabilities to total assets (B/C) (times) - -
3.Long term investment to total assets (C2b/C) - -
H.Capital /leverage ratios
1.Capital ratio (A/C) - -
2.Break up value per certificate (A/E1) - -
I.Cash flow ratio
1.Cash generated from operating activities to pro
- -
2.Cash generated from operating activities to cur
- -

119
 Financial Statement Analysis of Financial Sector
B.F. Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 109,663 118,779
1.Certificate capital 75,152 75,152
2.Reserves 34,511 43,627
3.Unappropriated profit 0 0
4.Others 24,658 29,754
B.Total liabilities (B1 + B2) 2,218 3,190
1.Current liabilities 2,218 3,190
2.Non-current liabilities 0 0
C.Total assets (C1+C2) 136,539 151,723
1.Current assets (a + b) 136,337 151,553
a.Cash and banks balances 46,428 24,153
b.Other current assets 89,909 127,400
2.Non-current assets (a + b + c) 202 170
a.Fixed assets 162 130
b.Long-term investments 0 0
c.Other non-current assets 40 40
D.Profit & loss account
1.Gross revenue(loss) 12,223 15,380
2.Operating expenses 5,486 4,817
3.Operating profit 6,737 10,563
4.Modaraba co's management fees 590 1,056
5.Profit/(loss) before taxation 5,203 9,316
6.Profit/(loss) after taxation 4,437 9,116
E.Other items
1.No. of certificates (000) 7,515 7,515
2.Cash dividend 0.00 0.07
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 40,529 (10,733)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 4.05% 7.67%
2.Return on capital employed (ROCE) (D5/(C-B 3.87% 6.27%
3.Return on assets (ROA) (D6/C) 3.25% 6.01%
4.Return on revenue (D6/D1) 0.36 59.27%
5.Operating expenses to net income (D2/D6) 123.64% 52.84%
6.Management expenses (D4/D2) 10.75% 21.92%
7.Earning Per Certificate (D6/E1) 0.59 1.21
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 61.47 47.51
2.Total liabilities to total assets (B/C) (times) 0.02 0.02
3.Long term investment to total assets (C2b/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 80.32% 78.29%
2.Break up value per certificate (A/E1) 14.59 15.81
I.Cash flow ratio
1.Cash generated from operating activities to pro 9.13 -1.18
2.Cash generated from operating activities to cur 18.27 -3.36

120

Financial Statement Analysis of Financial Sector

B.R.R. Guardian Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 770,017 821,517
1.Certificate capital 780,462 780,462
2.Reserves 570,987 606,102
3.Unappropriated profit (581,432) (565,047)
4.Others 84,280 169,616
B.Total liabilities (B1 + B2) 1,451,511 1,215,290
1.Current liabilities 942,029 1,002,524
2.Non-current liabilities 509,482 212,766
C.Total assets (C1+C2) 2,305,808 2,206,423
1.Current assets (a + b) 675,155 814,786
a.Cash and banks balances 69,501 35,268
b.Other current assets 605,654 779,518
2.Non-current assets (a + b + c) 1,630,653 1,391,637
a.Fixed assets 259,956 217,136
b.Long-term investments 1,241,610 1,156,009
c.Other non-current assets 129,087 18,492
D.Profit & loss account
1.Gross revenue(loss) 327,752 360,831
2.Operating expenses 103,892 136,885
3.Operating profit 223,860 223,946
4.Modaraba co's management fees 4,784 8,107
5.Profit/(loss) before taxation 41,448 70,231
6.Profit/(loss) after taxation 41,448 70,231
E.Other items
1.No. of certificates (000) 78,046 78,046
2.Cash dividend 0.02 4.05%
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 229,802 54,356
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 5.38% 8.55%
2.Return on capital employed (ROCE) (D5/(C-B 3.04% 5.83%
3.Return on assets (ROA) (D6/C) 0.02 3.18%
4.Return on revenue (D6/D1) 12.65% 19.46%
5.Operating expenses to net income (D2/D6) 250.66% 194.91%
6.Management expenses (D4/D2) 0.05 5.92%
7.Earning Per Certificate (D6/E1) 0.53 0.90
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 0.72 0.81
2.Total liabilities to total assets (B/C) (times) 0.63 0.55
3.Long term investment to total assets (C2b/C) 53.85% 52.39%
H.Capital /leverage ratios
1.Capital ratio (A/C) 33.39% 37.23%
2.Break up value per certificate (A/E1) 9.87 10.53
I.Cash flow ratio
1.Cash generated from operating activities to pro 5.54 0.77
2.Cash generated from operating activities to cur 0.24 0.05

121

Financial Statement Analysis of Financial Sector

First Al-Noor Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 335,023 305,070
1.Certificate capital 210,000 210,000
2.Reserves 107,456 107,956
3.Unappropriated profit 17,567 (12,886)
4.Others (1,626) 468
B.Total liabilities (B1 + B2) 42,690 53,496
1.Current liabilities 20,599 23,340
2.Non-current liabilities 22,091 30,156
C.Total assets (C1+C2) 376,087 359,034
1.Current assets (a + b) 259,597 203,968
a.Cash and banks balances 22,150 42,319
b.Other current assets 237,447 161,649
2.Non-current assets (a + b + c) 116,490 155,066
a.Fixed assets 97,281 119,628
b.Long-term investments 15,369 31,591
c.Other non-current assets 3,840 3,847
D.Profit & loss account
1.Gross revenue(loss) 42,078 6,365
2.Operating expenses 25,437 28,108
3.Operating profit 16,641 (21,743)
4.Modaraba co's management fees 2,432 0
5.Profit/(loss) before taxation 21,450 (14,359)
6.Profit/(loss) after taxation 21,399 (14,533)
E.Other items
1.No. of certificates (000) 21,000 21,000
2.Cash dividend 0.08 0.05
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 47,757 124,146
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 6.39% -4.76%
2.Return on capital employed (ROCE) (D5/(C-B 6.03% -4.28%
3.Return on assets (ROA) (D6/C) 5.69% -4.05%
4.Return on revenue (D6/D1) 50.86% -228.33%
5.Operating expenses to net income (D2/D6) 118.87% -193.41%
6.Management expenses (D4/D2) 9.56% 0.00
7.Earning Per Certificate (D6/E1) 1.02 -0.69
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 12.60 8.74
2.Total liabilities to total assets (B/C) (times) 0.11 0.15
3.Long term investment to total assets (C2b/C) 4.09% 0.09
H.Capital /leverage ratios
1.Capital ratio (A/C) 89.08% 84.97%
2.Break up value per certificate (A/E1) 15.95 14.53
I.Cash flow ratio
1.Cash generated from operating activities to pro 2.23 -8.54
2.Cash generated from operating activities to cur 2.32 5.32

122

Financial Statement Analysis of Financial Sector

First Elite Capital Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 138,155 142,186
1.Certificate capital 113,400 113,400
2.Reserves 24,755 28,786
3.Unappropriated profit 0 0
4.Others 0 0
B.Total liabilities (B1 + B2) 57,958 61,155
1.Current liabilities 22,442 27,500
2.Non-current liabilities 35,516 33,655
C.Total assets (C1+C2) 196,113 203,341
1.Current assets (a + b) 88,872 99,516
a.Cash and banks balances 52,219 13,414
b.Other current assets 36,653 86,102
2.Non-current assets (a + b + c) 107,241 103,825
a.Fixed assets 107,241 103,825
b.Long-term investments 0 0
c.Other non-current assets 0 0
D.Profit & loss account
1.Gross revenue(loss) 62,539 58,554
2.Operating expenses 17,055 16,686
3.Operating profit 45,484 41,868
4.Modaraba co's management fees 1,008 954
5.Profit/(loss) before taxation 9,074 8,583
6.Profit/(loss) after taxation 9,074 8,583
E.Other items
1.No. of certificates (000) 11,340 11,340
2.Cash dividend 0.06 0.06
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 26,500 (38,911)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 6.57% 6.04%
2.Return on capital employed (ROCE) (D5/(C-B 5.22% 4.88%
3.Return on assets (ROA) (D6/C) 4.63% 4.22%
4.Return on revenue (D6/D1) 14.51% 14.66%
5.Operating expenses to net income (D2/D6) 187.95% 194.41%
6.Management expenses (D4/D2) 5.91% 5.72%
7.Earning Per Certificate (D6/E1) 0.80 0.76
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 3.96 3.62
2.Total liabilities to total assets (B/C) (times) 0.30 0.30
3.Long term investment to total assets (C2b/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 70.45% 69.92%
2.Break up value per certificate (A/E1) 12.18 12.54
I.Cash flow ratio
1.Cash generated from operating activities to pro 2.92 -4.53
2.Cash generated from operating activities to cur 1.18 -1.41

123

Financial Statement Analysis of Financial Sector

First Equity Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 646,765 630,754
1.Certificate capital 524,400 524,400
2.Reserves 134,700 126,433
3.Unappropriated profit (12,335) (20,079)
4.Others 0 0
B.Total liabilities (B1 + B2) 39,580 54,852
1.Current liabilities 37,824 51,997
2.Non-current liabilities 1,756 2,855
C.Total assets (C1+C2) 686,345 685,606
1.Current assets (a + b) 321,448 319,561
a.Cash and banks balances 9,889 20,285
b.Other current assets 311,559 299,276
2.Non-current assets (a + b + c) 364,897 366,045
a.Fixed assets 34,778 34,426
b.Long-term investments 324,388 327,960
c.Other non-current assets 5,731 3,659
D.Profit & loss account
1.Gross revenue(loss) 46,224 34,252
2.Operating expenses 18,431 21,541
3.Operating profit 27,793 12,711
4.Modaraba co's management fees 2,851 1,314
5.Profit/(loss) before taxation 24,696 11,399
6.Profit/(loss) after taxation 24,696 11,399
E.Other items
1.No. of certificates (000) 52,440 52,440
2.Cash dividend 3.75% 0.02
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 21,233 6,716
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 3.82% 1.81%
2.Return on capital employed (ROCE) (D5/(C-B 3.81% 0.02
3.Return on assets (ROA) (D6/C) 0.04 1.66%
4.Return on revenue (D6/D1) 53.43% 33.28%
5.Operating expenses to net income (D2/D6) 74.63% 188.97%
6.Management expenses (D4/D2) 15.47% 0.06
7.Earning Per Certificate (D6/E1) 0.47 0.22
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 8.50 6.15
2.Total liabilities to total assets (B/C) (times) 0.06 0.08
3.Long term investment to total assets (C2b/C) 47.26% 47.84%
H.Capital /leverage ratios
1.Capital ratio (A/C) 94.23% 0.92
2.Break up value per certificate (A/E1) 12.33 12.03
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.86 0.59
2.Cash generated from operating activities to cur 0.56 0.13

124
 Financial Statement Analysis of Financial Sector
First Fidelity Leasing Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 348,844 341,610
1.Certificate capital 264,138 264,138
2.Reserves 84,706 77,472
3.Unappropriated profit 0 0
4.Others 0 0
B.Total liabilities (B1 + B2) 26,957 25,573
1.Current liabilities 19,301 20,041
2.Non-current liabilities 7,656 5,532
C.Total assets (C1+C2) 375,801 367,183
1.Current assets (a + b) 111,099 110,973
a.Cash and banks balances 10,170 400
b.Other current assets 100,929 110,573
2.Non-current assets (a + b + c) 264,702 256,210
a.Fixed assets 250,528 242,322
b.Long-term investments 5,750 5,750
c.Other non-current assets 8,424 8,138
D.Profit & loss account
1.Gross revenue(loss) 40,719 11,571
2.Operating expenses 18,092 21,460
3.Operating profit 22,627 (9,889)
4.Modaraba co's management fees 0 0
5.Profit/(loss) before taxation 3,789 (7,304)
6.Profit/(loss) after taxation 3,765 (7,301)
E.Other items
1.No. of certificates (000) 26,413 26,414
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (35,186) (9,702)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 1.08% -2.14%
2.Return on capital employed (ROCE) (D5/(C-B 1.06% -0.02
3.Return on assets (ROA) (D6/C) 0.01 -1.99%
4.Return on revenue (D6/D1) 9.25% -0.63
5.Operating expenses to net income (D2/D6) 480.53% -293.93%
6.Management expenses (D4/D2) 0.00 0.00
7.Earning Per Certificate (D6/E1) 0.14 -0.28
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 5.76 5.54
2.Total liabilities to total assets (B/C) (times) 0.07 0.07
3.Long term investment to total assets (C2b/C) 1.53% 1.57%
H.Capital /leverage ratios
1.Capital ratio (A/C) 92.83% 93.04%
2.Break up value per certificate (A/E1) 13.21 12.93
I.Cash flow ratio
1.Cash generated from operating activities to pro -9.35 1.33
2.Cash generated from operating activities to cur -1.82 -0.48

125

Financial Statement Analysis of Financial Sector

First Habib Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 3,208,619 3,256,855
1.Certificate capital 1,008,000 1,008,000
2.Reserves 2,200,619 2,248,855
3.Unappropriated profit 0 0
4.Others 0 0
B.Total liabilities (B1 + B2) 2,184,376 3,136,436
1.Current liabilities 1,894,271 2,793,135
2.Non-current liabilities 290,105 343,301
C.Total assets (C1+C2) 5,392,995 6,393,291
1.Current assets (a + b) 1,893,900 2,281,279
a.Cash and banks balances 371,132 487,513
b.Other current assets 1,522,768 1,793,766
2.Non-current assets (a + b + c) 3,499,095 4,112,012
a.Fixed assets 2,879,821 3,080,949
b.Long-term investments 616,573 1,029,713
c.Other non-current assets 2,701 1,350
D.Profit & loss account
1.Gross revenue(loss) 391,508 440,337
2.Operating expenses 70,750 74,775
3.Operating profit 320,758 365,562
4.Modaraba co's management fees 32,949 35,340
5.Profit/(loss) before taxation 285,443 306,500
6.Profit/(loss) after taxation 285,443 306,500
E.Other items
1.No. of certificates (000) 201,600 201,600
2.Cash dividend 0.22 0.22
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (182,562) (451,024)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.09 9.41%
2.Return on capital employed (ROCE) (D5/(C-B 8.16% 8.51%
3.Return on assets (ROA) (D6/C) 5.29% 4.79%
4.Return on revenue (D6/D1) 72.91% 69.61%
5.Operating expenses to net income (D2/D6) 24.79% 0.24
6.Management expenses (D4/D2) 46.57% 47.26%
7.Earning Per Certificate (D6/E1) 1.42 1.52
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 1.00 0.82
2.Total liabilities to total assets (B/C) (times) 0.41 0.49
3.Long term investment to total assets (C2b/C) 11.43% 16.11%
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.60 50.94%
2.Break up value per certificate (A/E1) 15.92 16.16
I.Cash flow ratio
1.Cash generated from operating activities to pro -0.64 -1.47
2.Cash generated from operating activities to cur -0.10 -0.16

126

Financial Statement Analysis of Financial Sector

First Imrooz Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 117,475 129,628
1.Certificate capital 30,000 30,000
2.Reserves 67,941 69,299
3.Unappropriated profit 19,534 30,329
4.Others 0 0
B.Total liabilities (B1 + B2) 156,070 162,615
1.Current liabilities 140,708 146,238
2.Non-current liabilities 15,362 16,377
C.Total assets (C1+C2) 273,545 292,243
1.Current assets (a + b) 266,132 285,147
a.Cash and banks balances 19,768 9,969
b.Other current assets 246,364 275,178
2.Non-current assets (a + b + c) 7,413 7,096
a.Fixed assets 6,990 6,703
b.Long-term investments 0 0
c.Other non-current assets 423 393
D.Profit & loss account
1.Gross revenue(loss) 624,105 730,551
2.Operating expenses 37,674 43,088
3.Operating profit 586,431 687,463
4.Modaraba co's management fees 2,595 3,777
5.Profit/(loss) before taxation 43,063 59,869
6.Profit/(loss) after taxation 16,516 27,153
E.Other items
1.No. of certificates (000) 3,000 3,000
2.Cash dividend 0.50 0.90
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 26,568 9,220
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 14.06% 20.95%
2.Return on capital employed (ROCE) (D5/(C-B 32.42% 0.41
3.Return on assets (ROA) (D6/C) 6.04% 9.29%
4.Return on revenue (D6/D1) 2.65% 3.72%
5.Operating expenses to net income (D2/D6) 228.11% 158.69%
6.Management expenses (D4/D2) 6.89% 8.77%
7.Earning Per Certificate (D6/E1) 5.51 9.05
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 1.89 1.95
2.Total liabilities to total assets (B/C) (times) 0.57 0.56
3.Long term investment to total assets (C2b/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 42.95% 44.36%
2.Break up value per certificate (A/E1) 39.16 43.21
I.Cash flow ratio
1.Cash generated from operating activities to pro 1.61 0.34
2.Cash generated from operating activities to cur 0.19 0.06

127

Financial Statement Analysis of Financial Sector

First National Bank Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 263,701 141,525
1.Certificate capital 250,000 250,000
2.Reserves 13,701 (108,475)
3.Unappropriated profit 0 0
4.Others 0 0
B.Total liabilities (B1 + B2) 1,436,869 1,106,824
1.Current liabilities 905,248 855,122
2.Non-current liabilities 531,621 251,702
C.Total assets (C1+C2) 1,700,570 1,248,349
1.Current assets (a + b) 627,178 403,307
a.Cash and banks balances 42,801 89,488
b.Other current assets 584,377 313,819
2.Non-current assets (a + b + c) 1,073,392 845,042
a.Fixed assets 979,401 709,397
b.Long-term investments 67,852 113,572
c.Other non-current assets 26,139 22,073
D.Profit & loss account
1.Gross revenue(loss) 558,124 451,402
2.Operating expenses 24,022 23,211
3.Operating profit 534,102 428,191
4.Modaraba co's management fees 0 0
5.Profit/(loss) before taxation (34,212) (122,176)
6.Profit/(loss) after taxation (34,212) (122,176)
E.Other items
1.No. of certificates (000) 25,000 25,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 722,269 535,019
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) -12.97% -86.33%
2.Return on capital employed (ROCE) (D5/(C-B -0.04 -31.07%
3.Return on assets (ROA) (D6/C) -2.01% -9.79%
4.Return on revenue (D6/D1) -6.13% -27.07%
5.Operating expenses to net income (D2/D6) -70.22% -0.19
6.Management expenses (D4/D2) 0.00 0.00
7.Earning Per Certificate (D6/E1) -1.37 -4.89
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 0.69 0.47
2.Total liabilities to total assets (B/C) (times) 0.84 0.89
3.Long term investment to total assets (C2b/C) 3.99% 0.09
H.Capital /leverage ratios
1.Capital ratio (A/C) 15.51% 11.34%
2.Break up value per certificate (A/E1) 10.55 5.66
I.Cash flow ratio
1.Cash generated from operating activities to pro -21.11 -4.38
2.Cash generated from operating activities to cur 0.80 0.63

128

Financial Statement Analysis of Financial Sector

First Pak Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 59,182 60,738
1.Certificate capital 125,400 125,400
2.Reserves 24,717 25,028
3.Unappropriated profit (90,935) (89,690)
4.Others 0 0
B.Total liabilities (B1 + B2) 8,031 5,955
1.Current liabilities 8,031 5,955
2.Non-current liabilities 0 0
C.Total assets (C1+C2) 67,213 66,693
1.Current assets (a + b) 57,126 61,108
a.Cash and banks balances 31,489 49,380
b.Other current assets 25,637 11,728
2.Non-current assets (a + b + c) 10,087 5,585
a.Fixed assets 106 73
b.Long-term investments 0 0
c.Other non-current assets 9,981 5,512
D.Profit & loss account
1.Gross revenue(loss) 6,877 6,802
2.Operating expenses 3,658 5,168
3.Operating profit 3,219 1,634
4.Modaraba co's management fees 0 156
5.Profit/(loss) before taxation (15,656) 1,557
6.Profit/(loss) after taxation (15,656) 1,557
E.Other items
1.No. of certificates (000) 12,540 12,540
2.Cash dividend 0.02 0.01
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (12,541) 3,863
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) -26.45% 2.56%
2.Return on capital employed (ROCE) (D5/(C-B -26.45% 2.56%
3.Return on assets (ROA) (D6/C) -23.29% 2.33%
4.Return on revenue (D6/D1) -227.66% 22.89%
5.Operating expenses to net income (D2/D6) -23.36% 331.92%
6.Management expenses (D4/D2) 0.00 3.02%
7.Earning Per Certificate (D6/E1) -1.25 0.12
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 7.11 10.26
2.Total liabilities to total assets (B/C) (times) 0.12 0.09
3.Long term investment to total assets (C2b/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 88.05% 91.07%
2.Break up value per certificate (A/E1) 4.72 4.84
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.80 2.48
2.Cash generated from operating activities to cur -1.56 0.65

129
 Financial Statement Analysis of Financial Sector
First Paramount Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 179,493 206,415
1.Certificate capital 83,846 119,899
2.Reserves 64,464 58,110
3.Unappropriated profit 31,183 28,406
4.Others 0 0
B.Total liabilities (B1 + B2) 141,575 233,437
1.Current liabilities 61,773 88,725
2.Non-current liabilities 79,802 144,712
C.Total assets (C1+C2) 321,068 439,852
1.Current assets (a + b) 183,982 283,869
a.Cash and banks balances 41,631 51,481
b.Other current assets 142,351 232,388
2.Non-current assets (a + b + c) 137,086 155,983
a.Fixed assets 60,188 55,645
b.Long-term investments 0 0
c.Other non-current assets 76,898 100,338
D.Profit & loss account
1.Gross revenue(loss) 55,203 72,541
2.Operating expenses 35,629 50,861
3.Operating profit 19,574 21,680
4.Modaraba co's management fees 1,626 1,319
5.Profit/(loss) before taxation 12,388 10,817
6.Profit/(loss) after taxation 12,388 10,817
E.Other items
1.No. of certificates (000) 8,384 11,990
2.Cash dividend 0.13 0.08
3.Stock dividend/bonus shares 0.10 0.15
4.Cash generated from operating activities 5,060 (23,803)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.07 5.24%
2.Return on capital employed (ROCE) (D5/(C-B 4.78% 3.08%
3.Return on assets (ROA) (D6/C) 3.86% 2.46%
4.Return on revenue (D6/D1) 22.44% 14.91%
5.Operating expenses to net income (D2/D6) 287.61% 4.70
6.Management expenses (D4/D2) 4.56% 2.59%
7.Earning Per Certificate (D6/E1) 1.48 0.90
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 2.98 3.20
2.Total liabilities to total assets (B/C) (times) 0.44 0.53
3.Long term investment to total assets (C2b/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.56 46.93%
2.Break up value per certificate (A/E1) 21.41 17.22
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.41 -2.20
2.Cash generated from operating activities to cur 0.08 -0.27

130

Financial Statement Analysis of Financial Sector

First Prudential Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 422,989 450,947
1.Certificate capital 872,177 872,177
2.Reserves 138,651 144,084
3.Unappropriated profit (587,839) (565,314)
4.Others 0 0
B.Total liabilities (B1 + B2) 61,574 61,024
1.Current liabilities 57,555 54,841
2.Non-current liabilities 4,019 6,183
C.Total assets (C1+C2) 484,563 511,971
1.Current assets (a + b) 326,186 371,534
a.Cash and banks balances 190,145 315,062
b.Other current assets 136,041 56,472
2.Non-current assets (a + b + c) 158,377 140,437
a.Fixed assets 60,729 63,915
b.Long-term investments 14,188 47,103
c.Other non-current assets 83,460 29,419
D.Profit & loss account
1.Gross revenue(loss) 64,437 55,897
2.Operating expenses 18,039 20,374
3.Operating profit 46,398 35,523
4.Modaraba co's management fees 0 2,717
5.Profit/(loss) before taxation (72,263) 27,166
6.Profit/(loss) after taxation (72,263) 27,166
E.Other items
1.No. of certificates (000) 87,218 87,218
2.Cash dividend 0.01 0.02
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (1,635) 55,287
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) -17.08% 6.02%
2.Return on capital employed (ROCE) (D5/(C-B -16.92% 5.94%
3.Return on assets (ROA) (D6/C) -14.91% 5.31%
4.Return on revenue (D6/D1) -112.15% 0.49
5.Operating expenses to net income (D2/D6) -24.96% 0.75
6.Management expenses (D4/D2) 0.00 13.34%
7.Earning Per Certificate (D6/E1) -0.83 0.31
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 5.67 6.77
2.Total liabilities to total assets (B/C) (times) 0.13 0.12
3.Long term investment to total assets (C2b/C) 2.93% 0.09
H.Capital /leverage ratios
1.Capital ratio (A/C) 87.29% 88.08%
2.Break up value per certificate (A/E1) 4.85 5.17
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.02 2.04
2.Cash generated from operating activities to cur -0.03 1.01

131

Financial Statement Analysis of Financial Sector

First Punjab Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 92,731 170,717
1.Certificate capital 340,200 340,200
2.Reserves (247,469) (169,483)
3.Unappropriated profit 0 0
4.Others 0 0
B.Total liabilities (B1 + B2) 1,231,686 1,035,024
1.Current liabilities 222,600 209,078
2.Non-current liabilities 1,009,086 825,946
C.Total assets (C1+C2) 1,324,417 1,205,741
1.Current assets (a + b) 866,160 821,576
a.Cash and banks balances 64,166 111,190
b.Other current assets 801,994 710,386
2.Non-current assets (a + b + c) 458,257 384,165
a.Fixed assets 352,655 204,555
b.Long-term investments 61,426 122,225
c.Other non-current assets 44,176 57,385
D.Profit & loss account
1.Gross revenue(loss) 297,535 353,205
2.Operating expenses 24,164 19,414
3.Operating profit 273,371 333,791
4.Modaraba co's management fees 3,102 4,103
5.Profit/(loss) before taxation 58,943 98,469
6.Profit/(loss) after taxation 74,296 94,531
E.Other items
1.No. of certificates (000) 34,020 34,020
2.Cash dividend 0.05 0.05
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 261,583 265,555
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 80.12% 55.37%
2.Return on capital employed (ROCE) (D5/(C-B 5.35% 9.88%
3.Return on assets (ROA) (D6/C) 5.61% 7.84%
4.Return on revenue (D6/D1) 24.97% 26.76%
5.Operating expenses to net income (D2/D6) 32.52% 20.54%
6.Management expenses (D4/D2) 12.84% 21.13%
7.Earning Per Certificate (D6/E1) 2.18 2.78
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 3.89 3.93
2.Total liabilities to total assets (B/C) (times) 0.93 0.86
3.Long term investment to total assets (C2b/C) 4.64% 10.14%
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.07 14.16%
2.Break up value per certificate (A/E1) 2.73 5.02
I.Cash flow ratio
1.Cash generated from operating activities to pro 3.52 2.81
2.Cash generated from operating activities to cur 1.18 1.27

132

Financial Statement Analysis of Financial Sector

First Treet Manufacturing Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 1,557,151 1,661,302
1.Certificate capital 1,304,000 1,304,000
2.Reserves 252,091 313,436
3.Unappropriated profit 1,060 43,866
4.Others 43,952 31,135
B.Total liabilities (B1 + B2) 128,220 360,335
1.Current liabilities 128,220 191,242
2.Non-current liabilities 0 169,093
C.Total assets (C1+C2) 1,729,323 2,052,772
1.Current assets (a + b) 1,229,268 1,357,475
a.Cash and banks balances 181,037 143,381
b.Other current assets 1,048,231 1,214,094
2.Non-current assets (a + b + c) 500,055 695,297
a.Fixed assets 461,566 665,119
b.Long-term investments 0 0
c.Other non-current assets 38,489 30,178
D.Profit & loss account
1.Gross revenue(loss) 187,492 295,444
2.Operating expenses 117,468 142,924
3.Operating profit 70,024 152,520
4.Modaraba co's management fees 0 0
5.Profit/(loss) before taxation 85,910 172,094
6.Profit/(loss) after taxation 85,910 172,094
E.Other items
1.No. of certificates (000) 130,400 130,400
2.Cash dividend 3.45% 0.06
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 13,923 228,189
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 5.52% 10.36%
2.Return on capital employed (ROCE) (D5/(C-B 5.37% 9.24%
3.Return on assets (ROA) (D6/C) 4.97% 8.38%
4.Return on revenue (D6/D1) 45.82% 58.25%
5.Operating expenses to net income (D2/D6) 136.73% 83.05%
6.Management expenses (D4/D2) 0.00 0.00
7.Earning Per Certificate (D6/E1) 0.66 1.32
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 9.59 7.10
2.Total liabilities to total assets (B/C) (times) 0.07 0.18
3.Long term investment to total assets (C2b/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 90.04% 80.93%
2.Break up value per certificate (A/E1) 11.94 12.74
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.16 1.33
2.Cash generated from operating activities to cur 0.11 1.19

133

Financial Statement Analysis of Financial Sector

First Tri-Star Modaraba
Items 2014 2015
A.Total equity (A1 to A3) - -
1.Certificate capital - -
2.Reserves - -
3.Unappropriated profit - -
4.Others - -
B.Total liabilities (B1 + B2) - -
1.Current liabilities - -
2.Non-current liabilities - -
C.Total assets (C1+C2) - -
1.Current assets (a + b) - -
a.Cash and banks balances - -
b.Other current assets - -
2.Non-current assets (a + b + c) - -
a.Fixed assets - -
b.Long-term investments - -
c.Other non-current assets - -
D.Profit & loss account
1.Gross revenue(loss) - -
2.Operating expenses - -
3.Operating profit - -
4.Modaraba co's management fees - -
5.Profit/(loss) before taxation - -
6.Profit/(loss) after taxation - -
E.Other items
1.No. of certificates (000) - -
2.Cash dividend - -
3.Stock dividend/bonus shares - -
4.Cash generated from operating activities - -
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) - -
2.Return on capital employed (ROCE) (D5/(C-B- -
3.Return on assets (ROA) (D6/C) - -
4.Return on revenue (D6/D1) - -
5.Operating expenses to net income (D2/D6) - -
6.Management expenses (D4/D2) - -
7.Earning Per Certificate (D6/E1) - -
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t - -
2.Total liabilities to total assets (B/C) (times) - -
3.Long term investment to total assets (C2b/C) - -
H.Capital /leverage ratios
1.Capital ratio (A/C) - -
2.Break up value per certificate (A/E1) - -
I.Cash flow ratio
1.Cash generated from operating activities to pro
- -
2.Cash generated from operating activities to cur
- -

134

Financial Statement Analysis of Financial Sector

First UDL Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 508,554 579,135
1.Certificate capital 263,866 263,866
2.Reserves 215,716 245,665
3.Unappropriated profit 28,972 69,604
4.Others 69,336 51,595
B.Total liabilities (B1 + B2) 250,858 236,728
1.Current liabilities 86,003 90,401
2.Non-current liabilities 164,855 146,327
C.Total assets (C1+C2) 828,748 867,458
1.Current assets (a + b) 224,868 237,648
a.Cash and banks balances 122,877 93,392
b.Other current assets 101,991 144,256
2.Non-current assets (a + b + c) 603,880 629,810
a.Fixed assets 466,958 396,032
b.Long-term investments 136,780 233,636
c.Other non-current assets 142 142
D.Profit & loss account
1.Gross revenue(loss) 256,773 125,325
2.Operating expenses 40,531 48,622
3.Operating profit 216,242 76,703
4.Modaraba co's management fees 7,900 16,977
5.Profit/(loss) before taxation 68,441 149,741
6.Profit/(loss) after taxation 68,441 149,741
E.Other items
1.No. of certificates (000) 26,386 26,387
2.Cash dividend 0.21 0.45
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 85,715 7,254
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 13.46% 25.86%
2.Return on capital employed (ROCE) (D5/(C-B 9.21% 19.27%
3.Return on assets (ROA) (D6/C) 8.26% 17.26%
4.Return on revenue (D6/D1) 26.65% 119.48%
5.Operating expenses to net income (D2/D6) 59.22% 32.47%
6.Management expenses (D4/D2) 19.49% 34.92%
7.Earning Per Certificate (D6/E1) 2.59 5.67
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 2.61 2.63
2.Total liabilities to total assets (B/C) (times) 0.30 0.27
3.Long term investment to total assets (C2b/C) 0.17 26.93%
H.Capital /leverage ratios
1.Capital ratio (A/C) 61.36% 66.76%
2.Break up value per certificate (A/E1) 19.27 21.95
I.Cash flow ratio
1.Cash generated from operating activities to pro 1.25 0.05
2.Cash generated from operating activities to cur 1.00 0.08
 135

Financial Statement Analysis of Financial Sector

IBL Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 179,787 176,125
1.Certificate capital 201,875 201,875
2.Reserves 49,056 47,813
3.Unappropriated profit (71,144) (73,563)
4.Others 0 0
B.Total liabilities (B1 + B2) 43,923 36,316
1.Current liabilities 34,944 26,065
2.Non-current liabilities 8,979 10,251
C.Total assets (C1+C2) 223,710 212,441
1.Current assets (a + b) 82,759 89,317
a.Cash and banks balances 30,354 24,577
b.Other current assets 52,405 64,740
2.Non-current assets (a + b + c) 140,951 123,124
a.Fixed assets 24,232 33,165
b.Long-term investments 92,084 87,084
c.Other non-current assets 24,635 2,875
D.Profit & loss account
1.Gross revenue(loss) 36,069 35,772
2.Operating expenses 19,362 21,002
3.Operating profit 16,707 14,770
4.Modaraba co's management fees 1,030 592
5.Profit/(loss) before taxation 9,267 5,328
6.Profit/(loss) after taxation 9,267 5,328
E.Other items
1.No. of certificates (000) 20,188 20,188
2.Cash dividend 3.31% 0.02
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 29,768 26,150
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 5.15% 3.03%
2.Return on capital employed (ROCE) (D5/(C-B 4.91% 2.86%
3.Return on assets (ROA) (D6/C) 4.14% 2.51%
4.Return on revenue (D6/D1) 25.69% 14.89%
5.Operating expenses to net income (D2/D6) 208.93% 394.18%
6.Management expenses (D4/D2) 5.32% 2.82%
7.Earning Per Certificate (D6/E1) 0.46 0.26
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 2.37 3.43
2.Total liabilities to total assets (B/C) (times) 0.20 0.17
3.Long term investment to total assets (C2b/C) 41.16% 40.99%
H.Capital /leverage ratios
1.Capital ratio (A/C) 80.37% 82.91%
2.Break up value per certificate (A/E1) 8.91 8.72
I.Cash flow ratio
1.Cash generated from operating activities to pro 3.21 4.91
2.Cash generated from operating activities to cur 0.85 1.00

136

Financial Statement Analysis of Financial Sector

KASB Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 288,447 484,195
1.Certificate capital 282,744 480,665
2.Reserves 72,891 78,469
3.Unappropriated profit (67,188) (74,939)
4.Others 1,224 (98,961)
B.Total liabilities (B1 + B2) 1,015,888 597,494
1.Current liabilities 846,682 345,046
2.Non-current liabilities 169,206 252,448
C.Total assets (C1+C2) 1,305,559 982,728
1.Current assets (a + b) 1,004,538 680,456
a.Cash and banks balances 172,123 145,845
b.Other current assets 832,415 534,611
2.Non-current assets (a + b + c) 301,021 302,272
a.Fixed assets 79,296 48,845
b.Long-term investments 6,267 2,609
c.Other non-current assets 215,458 250,818
D.Profit & loss account
1.Gross revenue(loss) 171,982 173,557
2.Operating expenses 44,905 66,207
3.Operating profit 127,077 107,350
4.Modaraba co's management fees 2,715 1,717
5.Profit/(loss) before taxation 23,995 11,155
6.Profit/(loss) after taxation 23,995 11,155
E.Other items
1.No. of certificates (000) 28,274 48,067
2.Cash dividend 0.02 0.01
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 307,844 220,384
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 8.32% 0.02
2.Return on capital employed (ROCE) (D5/(C-B 5.23% 1.75%
3.Return on assets (ROA) (D6/C) 1.84% 1.14%
4.Return on revenue (D6/D1) 13.95% 6.43%
5.Operating expenses to net income (D2/D6) 187.14% 593.52%
6.Management expenses (D4/D2) 6.05% 2.59%
7.Earning Per Certificate (D6/E1) 0.85 0.23
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 1.19 1.97
2.Total liabilities to total assets (B/C) (times) 0.78 0.61
3.Long term investment to total assets (C2b/C) 0.48% 0.27%
H.Capital /leverage ratios
1.Capital ratio (A/C) 22.09% 49.27%
2.Break up value per certificate (A/E1) 10.20 10.07
I.Cash flow ratio
1.Cash generated from operating activities to pro 12.83 19.76
2.Cash generated from operating activities to cur 0.36 0.64

137

Financial Statement Analysis of Financial Sector

Modaraba Al-Mali
Items 2014 2015
A.Total equity (A1 to A3) 153,943 158,766
1.Certificate capital 184,239 184,239
2.Reserves 56,583 57,523
3.Unappropriated profit (86,879) (82,996)
4.Others 0 0
B.Total liabilities (B1 + B2) 54,313 46,945
1.Current liabilities 36,743 34,777
2.Non-current liabilities 17,570 12,168
C.Total assets (C1+C2) 208,256 205,712
1.Current assets (a + b) 88,827 49,966
a.Cash and banks balances 29,821 12,285
b.Other current assets 59,006 37,681
2.Non-current assets (a + b + c) 119,429 155,746
a.Fixed assets 77,405 155,746
b.Long-term investments 0 0
c.Other non-current assets 42,024 0
D.Profit & loss account
1.Gross revenue(loss) 12,724 30,183
2.Operating expenses 19,235 15,944
3.Operating profit (6,511) 14,239
4.Modaraba co's management fees 0 0
5.Profit/(loss) before taxation (9,262) 5,166
6.Profit/(loss) after taxation (24,722) 4,702
E.Other items
1.No. of certificates (000) 18,424 18,424
2.Cash dividend 0.00 0.02
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,795 40,154
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) -16.06% 2.96%
2.Return on capital employed (ROCE) (D5/(C-B -0.05 3.02%
3.Return on assets (ROA) (D6/C) -11.87% 2.29%
4.Return on revenue (D6/D1) -194.29% 15.58%
5.Operating expenses to net income (D2/D6) -77.81% 339.09%
6.Management expenses (D4/D2) 0.00 0.00
7.Earning Per Certificate (D6/E1) -1.34 0.26
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 2.42 1.44
2.Total liabilities to total assets (B/C) (times) 0.26 0.23
3.Long term investment to total assets (C2b/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 73.92% 77.18%
2.Break up value per certificate (A/E1) 8.36 8.62
I.Cash flow ratio
1.Cash generated from operating activities to pro -0.07 8.54
2.Cash generated from operating activities to cur 0.05 1.15

138

Financial Statement Analysis of Financial Sector

Orix Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 1,093,505 1,152,825
1.Certificate capital 453,835 453,835
2.Reserves 486,393 525,487
3.Unappropriated profit 153,277 173,503
4.Others 0 0
B.Total liabilities (B1 + B2) 4,941,811 4,027,424
1.Current liabilities 2,513,443 1,700,374
2.Non-current liabilities 2,428,368 2,327,050
C.Total assets (C1+C2) 6,035,316 5,180,249
1.Current assets (a + b) 823,724 751,520
a.Cash and banks balances 143,905 267,884
b.Other current assets 679,819 483,636
2.Non-current assets (a + b + c) 5,211,592 4,428,729
a.Fixed assets 4,217,492 3,553,141
b.Long-term investments 994,100 875,588
c.Other non-current assets 0 0
D.Profit & loss account
1.Gross revenue(loss) 2,308,433 2,061,789
2.Operating expenses 87,756 95,820
3.Operating profit 2,220,677 1,965,969
4.Modaraba co's management fees 20,974 22,538
5.Profit/(loss) before taxation 181,704 195,470
6.Profit/(loss) after taxation 181,704 195,470
E.Other items
1.No. of certificates (000) 45,384 45,384
2.Cash dividend 0.30 0.33
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 446,588 877,631
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 16.62% 16.96%
2.Return on capital employed (ROCE) (D5/(C-B 5.16% 5.62%
3.Return on assets (ROA) (D6/C) 3.01% 3.77%
4.Return on revenue (D6/D1) 7.87% 9.48%
5.Operating expenses to net income (D2/D6) 0.48 49.02%
6.Management expenses (D4/D2) 0.24 23.52%
7.Earning Per Certificate (D6/E1) 4.00 4.31
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 0.33 0.44
2.Total liabilities to total assets (B/C) (times) 0.82 0.78
3.Long term investment to total assets (C2b/C) 16.47% 0.17
H.Capital /leverage ratios
1.Capital ratio (A/C) 18.12% 22.25%
2.Break up value per certificate (A/E1) 24.09 25.40
I.Cash flow ratio
1.Cash generated from operating activities to pro 2.46 4.49
2.Cash generated from operating activities to cur 0.18 0.52

139

Financial Statement Analysis of Financial Sector

Popular Islamic Modaraba
Items 2014 2015
A.Total equity (A1 to A3) - 130,309
1.Certificate capital - 100,000
2.Reserves - 16,345
3.Unappropriated profit - 13,964
4.Others - 0
B.Total liabilities (B1 + B2) - 9,822
1.Current liabilities - 1,986
2.Non-current liabilities - 7,836
C.Total assets (C1+C2) - 140,131
1.Current assets (a + b) - 96,942
a.Cash and banks balances - 4,738
b.Other current assets - 92,204
2.Non-current assets (a + b + c) - 43,189
a.Fixed assets - 35,399
b.Long-term investments - 5,840
c.Other non-current assets - 1,950
D.Profit & loss account
1.Gross revenue(loss) - 15,594
2.Operating expenses - 14,962
3.Operating profit - 632
4.Modaraba co's management fees - 452
5.Profit/(loss) before taxation - 4,522
6.Profit/(loss) after taxation - 4,114
E.Other items
1.No. of certificates (000) - 10,000
2.Cash dividend - 0.00
3.Stock dividend/bonus shares - 0.00
4.Cash generated from operating activities - 34,043
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) - 3.16%
2.Return on capital employed (ROCE) (D5/(C-B- 3.27%
3.Return on assets (ROA) (D6/C) - 2.94%
4.Return on revenue (D6/D1) - 26.38%
5.Operating expenses to net income (D2/D6) - 363.68%
6.Management expenses (D4/D2) - 3.02%
7.Earning Per Certificate (D6/E1) - 0.41
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t - 48.81
2.Total liabilities to total assets (B/C) (times) - 0.07
3.Long term investment to total assets (C2b/C) - 4.17%
H.Capital /leverage ratios
1.Capital ratio (A/C) - 92.99%
2.Break up value per certificate (A/E1) - 13.03
I.Cash flow ratio
1.Cash generated from operating activities to pro
- 8.27
2.Cash generated from operating activities to cur
- 17.14

140
 Financial Statement Analysis of Financial Sector
Sindh Modaraba
Items 2014 2015
A.Total equity (A1 to A3) - 459,591
1.Certificate capital - 450,000
2.Reserves - 9,591
3.Unappropriated profit - 0
4.Others - 0
B.Total liabilities (B1 + B2) - 18,819
1.Current liabilities - 9,492
2.Non-current liabilities - 9,327
C.Total assets (C1+C2) - 478,410
1.Current assets (a + b) - 324,460
a.Cash and banks balances - 309,604
b.Other current assets - 14,856
2.Non-current assets (a + b + c) - 153,950
a.Fixed assets - 46,288
b.Long-term investments - 106,475
c.Other non-current assets - 1,187
D.Profit & loss account
1.Gross revenue(loss) - 23,305
2.Operating expenses - 4,502
3.Operating profit - 18,803
4.Modaraba co's management fees - 1,107
5.Profit/(loss) before taxation - 9,591
6.Profit/(loss) after taxation - 9,591
E.Other items
1.No. of certificates (000) - 45,000
2.Cash dividend - 0.02
3.Stock dividend/bonus shares - 0.00
4.Cash generated from operating activities - (110,741)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) - 2.09%
2.Return on capital employed (ROCE) (D5/(C-B- 2.05%
3.Return on assets (ROA) (D6/C) - 0.02
4.Return on revenue (D6/D1) - 41.15%
5.Operating expenses to net income (D2/D6) - 46.94%
6.Management expenses (D4/D2) - 24.59%
7.Earning Per Certificate (D6/E1) - 0.21
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t - 34.18
2.Total liabilities to total assets (B/C) (times) - 0.04
3.Long term investment to total assets (C2b/C) - 22.26%
H.Capital /leverage ratios
1.Capital ratio (A/C) - 96.07%
2.Break up value per certificate (A/E1) - 10.21
I.Cash flow ratio
1.Cash generated from operating activities to pro
- -11.55
2.Cash generated from operating activities to cur
- -11.67

141

Financial Statement Analysis of Financial Sector

Trust Modaraba
Items 2014 2015
A.Total equity (A1 to A3) 306,683 310,059
1.Certificate capital 298,000 298,000
2.Reserves 8,683 12,059
3.Unappropriated profit 0 0
4.Others 0 0
B.Total liabilities (B1 + B2) 111,547 101,383
1.Current liabilities 50,255 46,992
2.Non-current liabilities 61,292 54,391
C.Total assets (C1+C2) 418,230 411,442
1.Current assets (a + b) 203,647 217,857
a.Cash and banks balances 2,419 827
b.Other current assets 201,228 217,030
2.Non-current assets (a + b + c) 214,583 193,585
a.Fixed assets 169,146 153,060
b.Long-term investments 5,349 6,314
c.Other non-current assets 40,088 34,211
D.Profit & loss account
1.Gross revenue(loss) 103,992 85,610
2.Operating expenses 26,934 26,239
3.Operating profit 77,058 59,371
4.Modaraba co's management fees 2,248 1,934
5.Profit/(loss) before taxation 20,229 17,406
6.Profit/(loss) after taxation 20,229 17,406
E.Other items
1.No. of certificates (000) 29,800 29,800
2.Cash dividend 0.05 4.25%
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 14,663 14,431
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.07 5.61%
2.Return on capital employed (ROCE) (D5/(C-B 0.06 4.78%
3.Return on assets (ROA) (D6/C) 4.84% 4.23%
4.Return on revenue (D6/D1) 19.45% 20.33%
5.Operating expenses to net income (D2/D6) 133.15% 150.75%
6.Management expenses (D4/D2) 8.35% 7.37%
7.Earning Per Certificate (D6/E1) 0.68 0.58
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (t 4.05 4.64
2.Total liabilities to total assets (B/C) (times) 0.27 0.25
3.Long term investment to total assets (C2b/C) 1.28% 1.53%
H.Capital /leverage ratios
1.Capital ratio (A/C) 73.33% 75.36%
2.Break up value per certificate (A/E1) 10.29 10.40
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.72 0.83
2.Cash generated from operating activities to cur 0.29 0.31

Exchange Companies - Overall

Items 2014 2015
A.Total equity (A1 to A3) 7,928,417 8,978,388
1.Share capital 7,247,919 8,067,918
2.Reserves 74,263 86,825
3.Accumulated profit (loss) 606,235 823,645
4.Others 21,306 32,195
B.Total liabilities (B1 to B2) 1,618,722 1,847,356
1.Current liabilities 1,407,205 1,506,148
2.Non-current liabilities 211,517 341,208
C.Total assets (C1+C2) 9,568,445 10,857,939
1.Current assets(a + b) 7,393,541 8,433,430
a.Cash & bank balances 5,330,038 6,398,523
b.Other assets 2,063,503 2,034,907
2.Non-current assets (a + b) 2,174,904 2,424,509
a.Fixed assets 742,660 804,946
b.Other assets 1,432,244 1,619,563
D.Profit & loss account
1.Revenue 3,421,099 3,682,493
2.Administrative and general expenses 3,058,141 3,265,310
3.Profit/(loss) before taxation 362,958 403,955
4.Profit/(loss) after taxation 213,837 262,083
E.Other items
1.No. of ordinary shares (000) 372,393 395,893
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 311,974 536,991
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.03 2.92%
2.Return on capital employed (ROCE) (D3/C-B1 4.45% 4.32%
3.Return on assets (ROA) (D4/C) 2.23% 2.41%
4.Admin. expense to profit before tax. (D2/D3) ( 8.43 8.08
5.Earning per share (D4/E1) 0.57 0.66
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.56 58.93%
2.Cuurent assets to current liabilities (C1/B1) (t 5.25 5.60
3.Total liabilities to total assets (B/C) 16.92% 17.01%
H.Capital /leverage ratios
1.Capital ratio (A/C) 82.86% 82.69%
2.Break up value per share (A/E1) 21.29 22.68
I.Cash flow ratios
1.Cash generated from operating activities to pro 1.46 2.05
2.Cash generated from operating activities to cur 0.22 0.36

145

Financial Statement Analysis of Financial Sector

AA Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 243,806 311,566
1.Share capital 230,000 300,000
2.Reserves 0 0
3.Accumulated profit (loss) 13,806 11,566
4.Others 0 14,000
B.Total liabilities (B1 to B2) 234,964 210,642
1.Current liabilities 230,424 206,049
2.Non-current liabilities 4,540 4,593
C.Total assets (C1+C2) 478,770 536,208
1.Current assets(a + b) 360,622 394,029
a.Cash & bank balances 191,257 296,778
b.Other assets 169,365 97,251
2.Non-current assets (a + b) 118,148 142,179
a.Fixed assets 45,616 48,453
b.Other assets 72,532 93,726
D.Profit & loss account
1.Revenue 137,283 156,685
2.Administrative and general expenses 127,905 138,936
3.Profit/(loss) before taxation 9,378 17,749
4.Profit/(loss) after taxation 5,815 11,566
E.Other items
1.No. of ordinary shares (000) 23,000 30,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (36,408) 66,579
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 2.39% 3.71%
2.Return on capital employed (ROCE) (D3/C-B1 3.78% 5.38%
3.Return on assets (ROA) (D4/C) 1.21% 2.16%
4.Admin. expense to profit before tax. (D2/D3) ( 13.64 7.83
5.Earning per share (D4/E1) 0.25 0.39
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 39.95% 55.35%
2.Cuurent assets to current liabilities (C1/B1) (t 1.57 1.91
3.Total liabilities to total assets (B/C) 49.08% 39.28%
H.Capital /leverage ratios
1.Capital ratio (A/C) 50.92% 58.11%
2.Break up value per share (A/E1) 10.60 10.39
I.Cash flow ratios
1.Cash generated from operating activities to pro -6.26 5.76
2.Cash generated from operating activities to cur -0.16 0.32

146

Financial Statement Analysis of Financial Sector

Al-Hameed Int. Money Ex (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 206,089 207,704
1.Share capital 200,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) 6,089 7,704
4.Others 3,677 3,552
B.Total liabilities (B1 to B2) 24,483 19,408
1.Current liabilities 18,169 13,421
2.Non-current liabilities 6,314 5,987
C.Total assets (C1+C2) 234,249 230,664
1.Current assets(a + b) 201,496 204,656
a.Cash & bank balances 138,935 133,327
b.Other assets 62,561 71,329
2.Non-current assets (a + b) 32,753 26,008
a.Fixed assets 27,953 26,008
b.Other assets 4,800 0
D.Profit & loss account
1.Revenue 20,237 28,848
2.Administrative and general expenses 18,608 27,444
3.Profit/(loss) before taxation 1,629 1,404
4.Profit/(loss) after taxation 529 1,490
E.Other items
1.No. of ordinary shares (000) 200 200
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 35,757 (5,608)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.26% 0.72%
2.Return on capital employed (ROCE) (D3/C-B1 0.75% 0.65%
3.Return on assets (ROA) (D4/C) 0.23% 0.65%
4.Admin. expense to profit before tax. (D2/D3) ( 11.42 19.55
5.Earning per share (D4/E1) 2.65 7.45
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 59.31% 0.58
2.Cuurent assets to current liabilities (C1/B1) (t 11.09 15.25
3.Total liabilities to total assets (B/C) 10.45% 8.41%
H.Capital /leverage ratios
1.Capital ratio (A/C) 87.98% 90.05%
2.Break up value per share (A/E1) 1,030.45 1,038.52
I.Cash flow ratios
1.Cash generated from operating activities to pro 67.59 -3.76
2.Cash generated from operating activities to cur 1.97 -0.42

147

Financial Statement Analysis of Financial Sector

Al-Rahim Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 206,399 206,377
1.Share capital 205,410 205,410
2.Reserves 0 0
3.Accumulated profit (loss) 989 967
4.Others 0 0
B.Total liabilities (B1 to B2) 639 1,008
1.Current liabilities 639 695
2.Non-current liabilities 0 313
C.Total assets (C1+C2) 207,038 207,385
1.Current assets(a + b) 148,729 150,003
a.Cash & bank balances 145,700 147,132
b.Other assets 3,029 2,871
2.Non-current assets (a + b) 58,309 57,382
a.Fixed assets 5,075 4,562
b.Other assets 53,234 52,820
D.Profit & loss account
1.Revenue 11,186 12,640
2.Administrative and general expenses 10,185 11,762
3.Profit/(loss) before taxation 1,001 878
4.Profit/(loss) after taxation 82 (23)
E.Other items
1.No. of ordinary shares (000) 2,054 2,054
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (3,663) (3,563)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.04% -0.01%
2.Return on capital employed (ROCE) (D3/C-B1 0.48% 0.42%
3.Return on assets (ROA) (D4/C) 0.04% -0.01%
4.Admin. expense to profit before tax. (D2/D3) ( 10.17 13.40
5.Earning per share (D4/E1) 0.04 -0.01
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 70.37% 70.95%
2.Cuurent assets to current liabilities (C1/B1) (t 232.75 215.83
3.Total liabilities to total assets (B/C) 0.31% 0.49%
H.Capital /leverage ratios
1.Capital ratio (A/C) 99.69% 99.51%
2.Break up value per share (A/E1) 100.48 100.47
I.Cash flow ratios
1.Cash generated from operating activities to pro -44.67 154.91
2.Cash generated from operating activities to cur -5.73 -5.13

148

Financial Statement Analysis of Financial Sector

Al-Sahara Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 186,314 198,077
1.Share capital 200,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) (13,686) (1,923)
4.Others 0 0
B.Total liabilities (B1 to B2) 17,747 11,993
1.Current liabilities 17,584 11,563
2.Non-current liabilities 163 430
C.Total assets (C1+C2) 204,061 210,070
1.Current assets(a + b) 145,089 153,473
a.Cash & bank balances 139,214 146,407
b.Other assets 5,875 7,066
2.Non-current assets (a + b) 58,972 56,597
a.Fixed assets 6,049 4,813
b.Other assets 52,923 51,784
D.Profit & loss account
1.Revenue 39,723 82,346
2.Administrative and general expenses 66,304 69,896
3.Profit/(loss) before taxation (26,581) 12,450
4.Profit/(loss) after taxation (27,108) 11,763
E.Other items
1.No. of ordinary shares (000) 20,000 20,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (34,103) 1,475
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -14.55% 5.94%
2.Return on capital employed (ROCE) (D3/C-B1 -14.25% 6.27%
3.Return on assets (ROA) (D4/C) -13.28% 0.06
4.Admin. expense to profit before tax. (D2/D3) ( -2.49 5.61
5.Earning per share (D4/E1) -1.36 0.59
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 68.22% 69.69%
2.Cuurent assets to current liabilities (C1/B1) (t 8.25 13.27
3.Total liabilities to total assets (B/C) 0.09 5.71%
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.91 94.29%
2.Break up value per share (A/E1) 9.32 9.90
I.Cash flow ratios
1.Cash generated from operating activities to pro 1.26 0.13
2.Cash generated from operating activities to cur -1.94 0.13

149

Financial Statement Analysis of Financial Sector

D. D Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 195,645 194,100
1.Share capital 200,500 200,500
2.Reserves - 0
3.Accumulated profit (loss) (4,855) (6,400)
4.Others - 0
B.Total liabilities (B1 to B2) 6,125 19,492
1.Current liabilities 2,213 17,177
2.Non-current liabilities 3,912 2,315
C.Total assets (C1+C2) 201,770 213,592
1.Current assets(a + b) 144,065 153,148
a.Cash & bank balances 139,708 145,090
b.Other assets 4,357 8,058
2.Non-current assets (a + b) 57,705 60,444
a.Fixed assets 6,592 8,193
b.Other assets 51,113 52,251
D.Profit & loss account
1.Revenue 27,897 30,592
2.Administrative and general expenses 31,210 18,712
3.Profit/(loss) before taxation (3,313) (1,349)
4.Profit/(loss) after taxation (3,260) (1,546)
E.Other items
1.No. of ordinary shares (000) 20,050 20,050
2.Cash dividend - 0.00
3.Stock dividend/bonus shares - 0.00
4.Cash generated from operating activities (4,252) (662)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -1.67% -0.01
2.Return on capital employed (ROCE) (D3/C-B1 -1.66% -0.69%
3.Return on assets (ROA) (D4/C) -1.62% -0.72%
4.Admin. expense to profit before tax. (D2/D3) ( -9.42 -13.87
5.Earning per share (D4/E1) -0.16 -0.08
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 69.24% 67.93%
2.Cuurent assets to current liabilities (C1/B1) (t 65.10 8.92
3.Total liabilities to total assets (B/C) 3.04% 9.13%
H.Capital /leverage ratios
1.Capital ratio (A/C) 96.96% 90.87%
2.Break up value per share (A/E1) 9.76 9.68
I.Cash flow ratios
1.Cash generated from operating activities to pro 1.30 0.43
2.Cash generated from operating activities to cur -1.92 -0.04

150

Financial Statement Analysis of Financial Sector

Dollar East Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 442,877 661,502
1.Share capital 400,000 600,000
2.Reserves 0 0
3.Accumulated profit (loss) 42,877 61,502
4.Others 0 0
B.Total liabilities (B1 to B2) 23,839 37,486
1.Current liabilities 22,660 34,455
2.Non-current liabilities 1,179 3,031
C.Total assets (C1+C2) 466,716 698,988
1.Current assets(a + b) 307,003 475,757
a.Cash & bank balances 300,580 465,923
b.Other assets 6,423 9,834
2.Non-current assets (a + b) 159,713 223,231
a.Fixed assets 46,161 61,365
b.Other assets 113,552 161,866
D.Profit & loss account
1.Revenue 209,069 272,252
2.Administrative and general expenses 184,561 241,443
3.Profit/(loss) before taxation 24,508 30,809
4.Profit/(loss) after taxation 22,486 18,625
E.Other items
1.No. of ordinary shares (000) 4,000 6,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 37,666 38,365
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 5.08% 2.82%
2.Return on capital employed (ROCE) (D3/C-B1 5.52% 4.64%
3.Return on assets (ROA) (D4/C) 4.82% 2.66%
4.Admin. expense to profit before tax. (D2/D3) ( 7.53 7.84
5.Earning per share (D4/E1) 5.62 3.10
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.64 66.66%
2.Cuurent assets to current liabilities (C1/B1) (t 13.55 13.81
3.Total liabilities to total assets (B/C) 5.11% 5.36%
H.Capital /leverage ratios
1.Capital ratio (A/C) 94.89% 94.64%
2.Break up value per share (A/E1) 110.72 110.25
I.Cash flow ratios
1.Cash generated from operating activities to pro 1.68 2.06
2.Cash generated from operating activities to cur 1.66 1.11

151

Financial Statement Analysis of Financial Sector

Fairdeal Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 178,547 186,373
1.Share capital 200,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) (21,453) (13,627)
4.Others 0 0
B.Total liabilities (B1 to B2) 16,255 21,654
1.Current liabilities 5,655 5,394
2.Non-current liabilities 10,600 16,260
C.Total assets (C1+C2) 194,802 208,027
1.Current assets(a + b) 126,158 140,754
a.Cash & bank balances 112,486 126,723
b.Other assets 13,672 14,031
2.Non-current assets (a + b) 68,644 67,273
a.Fixed assets 13,433 12,097
b.Other assets 55,211 55,176
D.Profit & loss account
1.Revenue 42,848 46,481
2.Administrative and general expenses 31,604 35,266
3.Profit/(loss) before taxation 11,244 11,215
4.Profit/(loss) after taxation 10,816 7,826
E.Other items
1.No. of ordinary shares (000) 20,000 20,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 11,741 8,960
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 6.06% 0.04
2.Return on capital employed (ROCE) (D3/C-B1 5.94% 5.53%
3.Return on assets (ROA) (D4/C) 5.55% 3.76%
4.Admin. expense to profit before tax. (D2/D3) ( 2.81 3.14
5.Earning per share (D4/E1) 0.54 0.39
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 57.74% 60.92%
2.Cuurent assets to current liabilities (C1/B1) (t 22.31 26.09
3.Total liabilities to total assets (B/C) 8.34% 10.41%
H.Capital /leverage ratios
1.Capital ratio (A/C) 91.66% 89.59%
2.Break up value per share (A/E1) 8.93 9.32
I.Cash flow ratios
1.Cash generated from operating activities to pro 1.09 1.14
2.Cash generated from operating activities to cur 2.08 1.66

152
 Financial Statement Analysis of Financial Sector
Glaxy Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 211,391 202,227
1.Share capital 210,000 210,000
2.Reserves 0 0
3.Accumulated profit (loss) 1,391 (7,773)
4.Others 0 0
B.Total liabilities (B1 to B2) 1,176 1,668
1.Current liabilities 1,176 1,668
2.Non-current liabilities 0 0
C.Total assets (C1+C2) 212,567 203,895
1.Current assets(a + b) 160,483 144,743
a.Cash & bank balances 153,247 126,262
b.Other assets 7,236 18,481
2.Non-current assets (a + b) 52,084 59,152
a.Fixed assets 3,764 5,992
b.Other assets 48,320 53,160
D.Profit & loss account
1.Revenue 51,534 78,615
2.Administrative and general expenses 56,572 86,993
3.Profit/(loss) before taxation (5,038) (8,378)
4.Profit/(loss) after taxation (5,554) (9,164)
E.Other items
1.No. of ordinary shares (000) 21,000 21,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (15,102) (26,860)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -2.63% -4.53%
2.Return on capital employed (ROCE) (D3/C-B1 -2.38% -4.14%
3.Return on assets (ROA) (D4/C) -2.61% -4.49%
4.Admin. expense to profit before tax. (D2/D3) ( -11.23 -10.38
5.Earning per share (D4/E1) -0.26 -0.44
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 72.09% 61.93%
2.Cuurent assets to current liabilities (C1/B1) (t 136.47 86.78
3.Total liabilities to total assets (B/C) 0.55% 0.82%
H.Capital /leverage ratios
1.Capital ratio (A/C) 99.45% 99.18%
2.Break up value per share (A/E1) 10.07 9.63
I.Cash flow ratios
1.Cash generated from operating activities to pro 2.72 2.93
2.Cash generated from operating activities to cur -12.84 -16.10

153
 Financial Statement Analysis of Financial Sector
H & H Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 464,070 483,050
1.Share capital 400,000 400,000
2.Reserves 10,900 10,900
3.Accumulated profit (loss) 53,170 72,150
4.Others 0-
B.Total liabilities (B1 to B2) 57,375 64,268
1.Current liabilities 54,542 60,751
2.Non-current liabilities 2,833 3,517
C.Total assets (C1+C2) 521,445 547,318
1.Current assets(a + b) 499,796 525,747
a.Cash & bank balances 350,543 376,418
b.Other assets 149,253 149,329
2.Non-current assets (a + b) 21,649 21,571
a.Fixed assets 21,649 15,801
b.Other assets 0 5,770
D.Profit & loss account
1.Revenue 97,875 103,854
2.Administrative and general expenses 80,331 75,224
3.Profit/(loss) before taxation 17,544 28,630
4.Profit/(loss) after taxation 10,483 18,981
E.Other items
1.No. of ordinary shares (000) 400 400
2.Cash dividend 0.00 -
3.Stock dividend/bonus shares 0.00 -
4.Cash generated from operating activities 18,587 28,530
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 2.26% 3.93%
2.Return on capital employed (ROCE) (D3/C-B1 3.76% 5.88%
3.Return on assets (ROA) (D4/C) 2.01% 3.47%
4.Admin. expense to profit before tax. (D2/D3) ( 4.58 2.63
5.Earning per share (D4/E1) 26.21 47.45
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 67.23% 68.78%
2.Cuurent assets to current liabilities (C1/B1) (t 9.16 8.65
3.Total liabilities to total assets (B/C) 0.11 11.74%
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.89 88.26%
2.Break up value per share (A/E1) 1,160.18 1,207.63
I.Cash flow ratios
1.Cash generated from operating activities to pro 1.77 1.50
2.Cash generated from operating activities to cur 0.34 0.47

154

Financial Statement Analysis of Financial Sector

HBL Currency Exchange (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 651,462 705,472
1.Share capital 400,000 400,000
2.Reserves 0 0
3.Accumulated profit (loss) 251,462 305,472
4.Others 0 0
B.Total liabilities (B1 to B2) 32,683 93,573
1.Current liabilities 32,185 93,550
2.Non-current liabilities 498 23
C.Total assets (C1+C2) 684,145 799,045
1.Current assets(a + b) 642,283 709,131
a.Cash & bank balances 547,142 436,338
b.Other assets 95,141 272,793
2.Non-current assets (a + b) 41,862 89,914
a.Fixed assets 16,684 16,378
b.Other assets 25,178 73,536
D.Profit & loss account
1.Revenue 184,247 191,930
2.Administrative and general expenses 108,467 111,602
3.Profit/(loss) before taxation 75,780 80,329
4.Profit/(loss) after taxation 49,559 54,010
E.Other items
1.No. of ordinary shares (000) 40,000 40,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 161,910 (106,577)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 7.61% 7.66%
2.Return on capital employed (ROCE) (D3/C-B1 11.62% 11.39%
3.Return on assets (ROA) (D4/C) 7.24% 6.76%
4.Admin. expense to profit before tax. (D2/D3) ( 1.43 1.39
5.Earning per share (D4/E1) 1.24 1.35
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 79.97% 54.61%
2.Cuurent assets to current liabilities (C1/B1) (t 19.96 7.58
3.Total liabilities to total assets (B/C) 4.78% 11.71%
H.Capital /leverage ratios
1.Capital ratio (A/C) 95.22% 88.29%
2.Break up value per share (A/E1) 16.29 17.64
I.Cash flow ratios
1.Cash generated from operating activities to pro 3.27 -1.97
2.Cash generated from operating activities to cur 5.03 -1.14

155

Financial Statement Analysis of Financial Sector

Habib Qatar International Exchange Pakistan (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 375,925 389,460
1.Share capital 300,000 300,000
2.Reserves 63,363 75,925
3.Accumulated profit (loss) 12,562 13,535
4.Others 0 0
B.Total liabilities (B1 to B2) 99,051 118,289
1.Current liabilities 92,486 111,545
2.Non-current liabilities 6,565 6,744
C.Total assets (C1+C2) 474,976 507,749
1.Current assets(a + b) 423,962 410,812
a.Cash & bank balances 252,715 261,783
b.Other assets 171,247 149,029
2.Non-current assets (a + b) 51,014 96,937
a.Fixed assets 26,006 23,038
b.Other assets 25,008 73,899
D.Profit & loss account
1.Revenue 237,038 199,580
2.Administrative and general expenses 199,102 173,040
3.Profit/(loss) before taxation 37,936 26,540
4.Profit/(loss) after taxation 12,562 13,535
E.Other items
1.No. of ordinary shares (000) 30,000 30,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (14,374) 59,188
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 3.34% 3.48%
2.Return on capital employed (ROCE) (D3/C-B1 9.92% 0.07
3.Return on assets (ROA) (D4/C) 2.64% 2.67%
4.Admin. expense to profit before tax. (D2/D3) ( 5.25 6.52
5.Earning per share (D4/E1) 0.42 0.45
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 53.21% 51.56%
2.Cuurent assets to current liabilities (C1/B1) (t 4.58 3.68
3.Total liabilities to total assets (B/C) 20.85% 0.23
H.Capital /leverage ratios
1.Capital ratio (A/C) 79.15% 0.77
2.Break up value per share (A/E1) 12.53 12.98
I.Cash flow ratios
1.Cash generated from operating activities to pro -1.14 4.37
2.Cash generated from operating activities to cur -0.16 0.53

156

Financial Statement Analysis of Financial Sector

Link International Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 144,460 134,144
1.Share capital 210,000 210,000
2.Reserves 0 0
3.Accumulated profit (loss) (65,540) (75,856)
4.Others 0 3,000
B.Total liabilities (B1 to B2) 7,491 74,413
1.Current liabilities 2,521 9,644
2.Non-current liabilities 4,970 64,769
C.Total assets (C1+C2) 151,951 211,557
1.Current assets(a + b) 79,275 127,907
a.Cash & bank balances 65,294 111,206
b.Other assets 13,981 16,701
2.Non-current assets (a + b) 72,676 83,650
a.Fixed assets 8,553 13,777
b.Other assets 64,123 69,873
D.Profit & loss account
1.Revenue 10,966 50,849
2.Administrative and general expenses 49,423 60,662
3.Profit/(loss) before taxation (38,457) (9,813)
4.Profit/(loss) after taxation (38,504) (10,315)
E.Other items
1.No. of ordinary shares (000) 21,000 21,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (39,007) (1,080)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -26.65% -7.69%
2.Return on capital employed (ROCE) (D3/C-B1 -25.74% -4.86%
3.Return on assets (ROA) (D4/C) -25.34% -4.88%
4.Admin. expense to profit before tax. (D2/D3) ( -1.29 -6.18
5.Earning per share (D4/E1) -1.83 -0.49
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 42.97% 52.57%
2.Cuurent assets to current liabilities (C1/B1) (t 31.45 13.26
3.Total liabilities to total assets (B/C) 4.93% 35.17%
H.Capital /leverage ratios
1.Capital ratio (A/C) 95.07% 63.41%
2.Break up value per share (A/E1) 6.88 6.39
I.Cash flow ratios
1.Cash generated from operating activities to pro 1.01 0.10
2.Cash generated from operating activities to cur -15.47 -0.11

157

Financial Statement Analysis of Financial Sector

Money Link Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 350,181 358,614
1.Share capital 300,000 300,000
2.Reserves 0 0
3.Accumulated profit (loss) 50,181 58,614
4.Others 0 0
B.Total liabilities (B1 to B2) 5,154 32,302
1.Current liabilities 4,011 31,220
2.Non-current liabilities 1,143 1,082
C.Total assets (C1+C2) 355,335 390,916
1.Current assets(a + b) 261,591 299,015
a.Cash & bank balances 241,624 282,197
b.Other assets 19,967 16,818
2.Non-current assets (a + b) 93,744 91,901
a.Fixed assets 15,336 14,273
b.Other assets 78,408 77,628
D.Profit & loss account
1.Revenue 65,924 85,445
2.Administrative and general expenses 53,751 72,873
3.Profit/(loss) before taxation 12,173 12,572
4.Profit/(loss) after taxation 8,034 8,433
E.Other items
1.No. of ordinary shares (000) 300 300
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (14,959) 42,007
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 2.29% 2.35%
2.Return on capital employed (ROCE) (D3/C-B1 3.46% 0.04
3.Return on assets (ROA) (D4/C) 2.26% 2.16%
4.Admin. expense to profit before tax. (D2/D3) ( 4.42 5.80
5.Earning per share (D4/E1) 26.78 28.11
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.68 72.19%
2.Cuurent assets to current liabilities (C1/B1) (t 65.22 9.58
3.Total liabilities to total assets (B/C) 1.45% 8.26%
H.Capital /leverage ratios
1.Capital ratio (A/C) 98.55% 91.74%
2.Break up value per share (A/E1) 1,167.27 1,195.38
I.Cash flow ratios
1.Cash generated from operating activities to pro -1.86 4.98
2.Cash generated from operating activities to cur -3.73 1.35

158

Financial Statement Analysis of Financial Sector

NBP Exchange Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 717,267 767,787
1.Share capital 556,875 556,875
2.Reserves 0 0
3.Accumulated profit (loss) 160,392 210,912
4.Others 9,429 2,643
B.Total liabilities (B1 to B2) 20,202 21,815
1.Current liabilities 9,174 9,649
2.Non-current liabilities 11,028 12,166
C.Total assets (C1+C2) 746,898 792,245
1.Current assets(a + b) 723,518 766,402
a.Cash & bank balances 219,245 301,594
b.Other assets 504,273 464,808
2.Non-current assets (a + b) 23,380 25,843
a.Fixed assets 21,049 22,647
b.Other assets 2,331 3,196
D.Profit & loss account
1.Revenue 139,332 183,529
2.Administrative and general expenses 97,759 109,569
3.Profit/(loss) before taxation 41,573 73,960
4.Profit/(loss) after taxation 27,506 50,520
E.Other items
1.No. of ordinary shares (000) 55,688 55,688
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 59,985 11,817
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 3.83% 6.58%
2.Return on capital employed (ROCE) (D3/C-B1 5.64% 9.45%
3.Return on assets (ROA) (D4/C) 3.68% 6.38%
4.Admin. expense to profit before tax. (D2/D3) ( 2.35 1.48
5.Earning per share (D4/E1) 0.49 0.91
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 29.35% 38.07%
2.Cuurent assets to current liabilities (C1/B1) (t 78.87 79.43
3.Total liabilities to total assets (B/C) 0.03 2.75%
H.Capital /leverage ratios
1.Capital ratio (A/C) 96.03% 96.91%
2.Break up value per share (A/E1) 12.88 13.79
I.Cash flow ratios
1.Cash generated from operating activities to pro 2.18 0.23
2.Cash generated from operating activities to cur 6.54 1.22

159

Financial Statement Analysis of Financial Sector

Noble Exchange International (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 196,949 184,637
1.Share capital 200,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) (3,051) (15,363)
4.Others 1,200 2,000
B.Total liabilities (B1 to B2) 4,022 5,596
1.Current liabilities 4,022 5,335
2.Non-current liabilities 0 261
C.Total assets (C1+C2) 202,171 192,233
1.Current assets(a + b) 136,527 123,997
a.Cash & bank balances 135,328 122,272
b.Other assets 1,199 1,725
2.Non-current assets (a + b) 65,644 68,236
a.Fixed assets 9,871 11,089
b.Other assets 55,773 57,147
D.Profit & loss account
1.Revenue 17,515 11,925
2.Administrative and general expenses 17,079 24,144
3.Profit/(loss) before taxation 436 (12,219)
4.Profit/(loss) after taxation (2,341) (12,312)
E.Other items
1.No. of ordinary shares (000) 2,000 2,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 5,526 (10,484)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -1.19% -6.67%
2.Return on capital employed (ROCE) (D3/C-B1 0.22% -6.54%
3.Return on assets (ROA) (D4/C) -1.16% -0.06
4.Admin. expense to profit before tax. (D2/D3) ( 39.17 -1.98
5.Earning per share (D4/E1) -1.17 -6.16
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 66.94% 63.61%
2.Cuurent assets to current liabilities (C1/B1) (t 33.95 23.24
3.Total liabilities to total assets (B/C) 1.99% 2.91%
H.Capital /leverage ratios
1.Capital ratio (A/C) 97.42% 96.05%
2.Break up value per share (A/E1) 98.47 92.32
I.Cash flow ratios
1.Cash generated from operating activities to pro -2.36 0.85
2.Cash generated from operating activities to cur 1.37 -1.97

160

Financial Statement Analysis of Financial Sector

P B S Exchange (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 220,305 227,840
1.Share capital 250,000 250,000
2.Reserves 0 0
3.Accumulated profit (loss) (29,695) (22,160)
4.Others 0 0
B.Total liabilities (B1 to B2) 14,521 3,324
1.Current liabilities 14,521 3,324
2.Non-current liabilities 0 0
C.Total assets (C1+C2) 234,826 231,164
1.Current assets(a + b) 80,603 83,769
a.Cash & bank balances 28,782 36,308
b.Other assets 51,821 47,461
2.Non-current assets (a + b) 154,223 147,395
a.Fixed assets 66,023 65,435
b.Other assets 88,200 81,960
D.Profit & loss account
1.Revenue 110,439 117,851
2.Administrative and general expenses 98,684 109,138
3.Profit/(loss) before taxation 11,755 8,713
4.Profit/(loss) after taxation 9,757 7,535
E.Other items
1.No. of ordinary shares (000) 2,500 2,500
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 764 15,970
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 4.43% 3.31%
2.Return on capital employed (ROCE) (D3/C-B1 5.34% 3.82%
3.Return on assets (ROA) (D4/C) 4.15% 3.26%
4.Admin. expense to profit before tax. (D2/D3) ( 8.40 12.53
5.Earning per share (D4/E1) 3.90 3.01
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 12.26% 15.71%
2.Cuurent assets to current liabilities (C1/B1) (t 5.55 25.20
3.Total liabilities to total assets (B/C) 6.18% 1.44%
H.Capital /leverage ratios
1.Capital ratio (A/C) 93.82% 98.56%
2.Break up value per share (A/E1) 88.12 91.14
I.Cash flow ratios
1.Cash generated from operating activities to pro 0.08 2.12
2.Cash generated from operating activities to cur 0.05 4.80

161

Financial Statement Analysis of Financial Sector

Pakistan Currency Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 571,233 816,801
1.Share capital 550,000 800,000
2.Reserves 0 0
3.Accumulated profit (loss) 21,233 16,801
4.Others 0 0
B.Total liabilities (B1 to B2) 455,519 356,148
1.Current liabilities 401,234 275,225
2.Non-current liabilities 54,285 80,923
C.Total assets (C1+C2) 1,026,752 1,172,949
1.Current assets(a + b) 904,520 995,732
a.Cash & bank balances 533,303 762,647
b.Other assets 371,217 233,085
2.Non-current assets (a + b) 122,232 177,217
a.Fixed assets 73,491 74,373
b.Other assets 48,741 102,844
D.Profit & loss account
1.Revenue 889,658 839,475
2.Administrative and general expenses 867,096 817,739
3.Profit/(loss) before taxation 22,562 21,735
4.Profit/(loss) after taxation 12,516 6,631
E.Other items
1.No. of ordinary shares (000) 5,500 8,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (33,760) 58,956
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 2.19% 0.81%
2.Return on capital employed (ROCE) (D3/C-B1 3.61% 2.42%
3.Return on assets (ROA) (D4/C) 1.22% 0.57%
4.Admin. expense to profit before tax. (D2/D3) ( 38.43 37.62
5.Earning per share (D4/E1) 2.28 0.83
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 51.94% 65.02%
2.Cuurent assets to current liabilities (C1/B1) (t 2.25 3.62
3.Total liabilities to total assets (B/C) 44.37% 30.36%
H.Capital /leverage ratios
1.Capital ratio (A/C) 55.63% 69.64%
2.Break up value per share (A/E1) 103.86 102.10
I.Cash flow ratios
1.Cash generated from operating activities to pro -2.70 8.89
2.Cash generated from operating activities to cur -0.08 0.21

162

Financial Statement Analysis of Financial Sector

Paracha International Exchange (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 348,486 390,170
1.Share capital 345,000 345,000
2.Reserves 0 0
3.Accumulated profit (loss) 3,486 45,170
4.Others 0 0
B.Total liabilities (B1 to B2) 99,102 129,123
1.Current liabilities 15,197 25,196
2.Non-current liabilities 83,905 103,927
C.Total assets (C1+C2) 447,588 519,293
1.Current assets(a + b) 321,827 353,089
a.Cash & bank balances 231,109 269,449
b.Other assets 90,718 83,640
2.Non-current assets (a + b) 125,761 166,204
a.Fixed assets 57,040 74,302
b.Other assets 68,721 91,902
D.Profit & loss account
1.Revenue 130,515 156,479
2.Administrative and general expenses 81,037 114,215
3.Profit/(loss) before taxation 49,478 42,264
4.Profit/(loss) after taxation 45,965 41,684
E.Other items
1.No. of ordinary shares (000) 34,500 34,500
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 26,088 65,837
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 13.19% 10.68%
2.Return on capital employed (ROCE) (D3/C-B1 11.44% 8.55%
3.Return on assets (ROA) (D4/C) 10.27% 8.03%
4.Admin. expense to profit before tax. (D2/D3) ( 1.64 2.70
5.Earning per share (D4/E1) 1.33 1.21
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 51.63% 51.89%
2.Cuurent assets to current liabilities (C1/B1) (t 21.18 14.01
3.Total liabilities to total assets (B/C) 22.14% 24.87%
H.Capital /leverage ratios
1.Capital ratio (A/C) 77.86% 75.13%
2.Break up value per share (A/E1) 10.10 11.31
I.Cash flow ratios
1.Cash generated from operating activities to pro 0.57 1.58
2.Cash generated from operating activities to cur 1.72 2.61

163

Financial Statement Analysis of Financial Sector

Paragon Exchange (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 201,916 191,647
1.Share capital 200,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) 1,916 (8,353)
4.Others 0 0
B.Total liabilities (B1 to B2) 10,759 14,167
1.Current liabilities 9,486 10,004
2.Non-current liabilities 1,273 4,163
C.Total assets (C1+C2) 212,675 205,814
1.Current assets(a + b) 151,017 130,123
a.Cash & bank balances 92,449 115,359
b.Other assets 58,568 14,764
2.Non-current assets (a + b) 61,658 75,691
a.Fixed assets 8,827 12,384
b.Other assets 52,831 63,307
D.Profit & loss account
1.Revenue 35,647 34,604
2.Administrative and general expenses 30,596 48,943
3.Profit/(loss) before taxation 5,051 (14,339)
4.Profit/(loss) after taxation 4,774 (9,499)
E.Other items
1.No. of ordinary shares (000) 200 200
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (43,692) 30,795
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 2.36% -4.96%
2.Return on capital employed (ROCE) (D3/C-B1 2.49% -7.32%
3.Return on assets (ROA) (D4/C) 2.24% -4.62%
4.Admin. expense to profit before tax. (D2/D3) ( 6.06 -3.41
5.Earning per share (D4/E1) 23.87 -47.50
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 43.47% 56.05%
2.Cuurent assets to current liabilities (C1/B1) (t 15.92 13.01
3.Total liabilities to total assets (B/C) 5.06% 6.88%
H.Capital /leverage ratios
1.Capital ratio (A/C) 94.94% 93.12%
2.Break up value per share (A/E1) 1,009.58 958.24
I.Cash flow ratios
1.Cash generated from operating activities to pro -9.15 -3.24
2.Cash generated from operating activities to cur -4.61 3.08

164
 Financial Statement Analysis of Financial Sector
Ravi Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 547,259 658,811
1.Share capital 500,000 600,000
2.Reserves 0 0
3.Accumulated profit (loss) 47,259 58,811
4.Others 0 0
B.Total liabilities (B1 to B2) 86,083 131,161
1.Current liabilities 75,970 126,731
2.Non-current liabilities 10,113 4,430
C.Total assets (C1+C2) 633,342 789,972
1.Current assets(a + b) 397,470 614,559
a.Cash & bank balances 195,127 411,321
b.Other assets 202,343 203,238
2.Non-current assets (a + b) 235,872 175,413
a.Fixed assets 106,962 107,652
b.Other assets 128,910 67,761
D.Profit & loss account
1.Revenue 279,208 332,105
2.Administrative and general expenses 244,247 313,003
3.Profit/(loss) before taxation 34,961 19,102
4.Profit/(loss) after taxation 21,387 11,552
E.Other items
1.No. of ordinary shares (000) 5,000 6,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 20,475 156,239
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 3.91% 1.75%
2.Return on capital employed (ROCE) (D3/C-B1 6.27% 2.88%
3.Return on assets (ROA) (D4/C) 3.38% 1.46%
4.Admin. expense to profit before tax. (D2/D3) ( 6.99 16.39
5.Earning per share (D4/E1) 4.28 1.93
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 30.81% 52.07%
2.Cuurent assets to current liabilities (C1/B1) (t 5.23 4.85
3.Total liabilities to total assets (B/C) 13.59% 0.17
H.Capital /leverage ratios
1.Capital ratio (A/C) 86.41% 0.83
2.Break up value per share (A/E1) 109.45 109.80
I.Cash flow ratios
1.Cash generated from operating activities to pro 0.96 13.52
2.Cash generated from operating activities to cur 0.27 1.23
 165

Financial Statement Analysis of Financial Sector

Riaz Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 206,475 204,361
1.Share capital 200,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) 6,475 4,361
4.Others 0 0
B.Total liabilities (B1 to B2) 168 128
1.Current liabilities 168 128
2.Non-current liabilities 0 0
C.Total assets (C1+C2) 206,643 204,489
1.Current assets(a + b) 154,754 152,494
a.Cash & bank balances 152,228 149,916
b.Other assets 2,526 2,578
2.Non-current assets (a + b) 51,889 51,995
a.Fixed assets 1,342 907
b.Other assets 50,547 51,088
D.Profit & loss account
1.Revenue 20,546 19,013
2.Administrative and general expenses 12,721 12,297
3.Profit/(loss) before taxation 7,825 6,716
4.Profit/(loss) after taxation 5,163 4,485
E.Other items
1.No. of ordinary shares (000) 20,000 20,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,572 442
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.03 2.19%
2.Return on capital employed (ROCE) (D3/C-B1 3.79% 3.29%
3.Return on assets (ROA) (D4/C) 0.03 2.19%
4.Admin. expense to profit before tax. (D2/D3) ( 1.63 1.83
5.Earning per share (D4/E1) 0.26 0.22
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 73.67% 73.31%
2.Cuurent assets to current liabilities (C1/B1) (t 921.15 1,191.36
3.Total liabilities to total assets (B/C) 0.08% 0.06%
H.Capital /leverage ratios
1.Capital ratio (A/C) 99.92% 99.94%
2.Break up value per share (A/E1) 10.32 10.22
I.Cash flow ratios
1.Cash generated from operating activities to pro 0.30 0.10
2.Cash generated from operating activities to cur 9.36 3.45

166

Financial Statement Analysis of Financial Sector

Royal International Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 305,239 308,457
1.Share capital 300,000 300,000
2.Reserves 0 0
3.Accumulated profit (loss) 5,239 8,457
4.Others 0 0
B.Total liabilities (B1 to B2) 26,486 30,967
1.Current liabilities 18,290 10,630
2.Non-current liabilities 8,196 20,337
C.Total assets (C1+C2) 331,725 339,424
1.Current assets(a + b) 242,178 247,434
a.Cash & bank balances 227,444 230,525
b.Other assets 14,734 16,909
2.Non-current assets (a + b) 89,547 91,990
a.Fixed assets 7,232 7,167
b.Other assets 82,315 84,823
D.Profit & loss account
1.Revenue 93,995 92,395
2.Administrative and general expenses 80,530 86,943
3.Profit/(loss) before taxation 13,465 5,452
4.Profit/(loss) after taxation 8,709 3,218
E.Other items
1.No. of ordinary shares (000) 3,000 3,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 29,824 (4,543)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 2.85% 1.04%
2.Return on capital employed (ROCE) (D3/C-B1 0.04 1.66%
3.Return on assets (ROA) (D4/C) 2.63% 0.95%
4.Admin. expense to profit before tax. (D2/D3) ( 5.98 15.95
5.Earning per share (D4/E1) 2.90 1.07
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 68.56% 67.92%
2.Cuurent assets to current liabilities (C1/B1) (t 13.24 23.28
3.Total liabilities to total assets (B/C) 7.98% 9.12%
H.Capital /leverage ratios
1.Capital ratio (A/C) 92.02% 90.88%
2.Break up value per share (A/E1) 101.75 102.82
I.Cash flow ratios
1.Cash generated from operating activities to pro 3.42 -1.41
2.Cash generated from operating activities to cur 1.63 -0.43

167

Financial Statement Analysis of Financial Sector

Sadiq Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 98,166 200,268
1.Share capital 100,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) (1,834) 268
4.Others 2,500 2,000
B.Total liabilities (B1 to B2) 3,283 7,474
1.Current liabilities 3,283 7,202
2.Non-current liabilities 0 272
C.Total assets (C1+C2) 103,949 209,742
1.Current assets(a + b) 39,818 112,005
a.Cash & bank balances 38,655 108,374
b.Other assets 1,163 3,631
2.Non-current assets (a + b) 64,131 97,737
a.Fixed assets 33,462 38,823
b.Other assets 30,669 58,914
D.Profit & loss account
1.Revenue 15,746 40,654
2.Administrative and general expenses 15,304 38,149
3.Profit/(loss) before taxation 442 2,505
4.Profit/(loss) after taxation 281 2,102
E.Other items
1.No. of ordinary shares (000) 1,000 2,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 4,019 5,982
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.29% 1.05%
2.Return on capital employed (ROCE) (D3/C-B1 0.44% 1.24%
3.Return on assets (ROA) (D4/C) 0.27% 0.01
4.Admin. expense to profit before tax. (D2/D3) ( 34.62 15.23
5.Earning per share (D4/E1) 0.28 1.05
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 37.19% 51.67%
2.Cuurent assets to current liabilities (C1/B1) (t 12.13 15.55
3.Total liabilities to total assets (B/C) 3.16% 3.56%
H.Capital /leverage ratios
1.Capital ratio (A/C) 94.44% 95.48%
2.Break up value per share (A/E1) 98.17 100.13
I.Cash flow ratios
1.Cash generated from operating activities to pro 14.30 2.85
2.Cash generated from operating activities to cur 1.22 0.83

168

Financial Statement Analysis of Financial Sector

Sky Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 201,766 204,823
1.Share capital 200,134 200,133
2.Reserves 0 0
3.Accumulated profit (loss) 1,632 4,690
4.Others 4,500 5,000
B.Total liabilities (B1 to B2) 2,941 29,545
1.Current liabilities 2,941 29,545
2.Non-current liabilities 0 0
C.Total assets (C1+C2) 209,207 239,368
1.Current assets(a + b) 104,181 138,513
a.Cash & bank balances 101,571 135,218
b.Other assets 2,610 3,295
2.Non-current assets (a + b) 105,026 100,855
a.Fixed assets 49,571 48,045
b.Other assets 55,455 52,810
D.Profit & loss account
1.Revenue 34,383 42,517
2.Administrative and general expenses 31,904 37,991
3.Profit/(loss) before taxation 2,479 4,526
4.Profit/(loss) after taxation 1,611 3,057
E.Other items
1.No. of ordinary shares (000) 2,001 2,001
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 6,684 30,620
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.01 1.49%
2.Return on capital employed (ROCE) (D3/C-B1 0.01 2.16%
3.Return on assets (ROA) (D4/C) 0.77% 1.28%
4.Admin. expense to profit before tax. (D2/D3) ( 12.87 8.39
5.Earning per share (D4/E1) 0.80 1.53
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 48.55% 56.49%
2.Cuurent assets to current liabilities (C1/B1) (t 35.42 4.69
3.Total liabilities to total assets (B/C) 1.41% 12.34%
H.Capital /leverage ratios
1.Capital ratio (A/C) 96.44% 85.57%
2.Break up value per share (A/E1) 100.82 102.34
I.Cash flow ratios
1.Cash generated from operating activities to pro 4.15 10.02
2.Cash generated from operating activities to cur 2.27 1.04

169

Financial Statement Analysis of Financial Sector

Wall Street Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 365,160 390,574
1.Share capital 290,000 290,000
2.Reserves 0 0
3.Accumulated profit (loss) 75,160 100,574
4.Others 0 0
B.Total liabilities (B1 to B2) 362,065 408,273
1.Current liabilities 362,065 402,773
2.Non-current liabilities 0 5,500
C.Total assets (C1+C2) 727,225 798,847
1.Current assets(a + b) 580,617 669,150
a.Cash & bank balances 541,212 569,796
b.Other assets 39,405 99,354
2.Non-current assets (a + b) 146,608 129,697
a.Fixed assets 59,497 82,337
b.Other assets 87,111 47,360
D.Profit & loss account
1.Revenue 496,634 437,076
2.Administrative and general expenses 434,733 397,604
3.Profit/(loss) before taxation 61,901 39,473
4.Profit/(loss) after taxation 39,559 25,414
E.Other items
1.No. of ordinary shares (000) 29,000 29,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 131,165 74,226
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 10.83% 6.51%
2.Return on capital employed (ROCE) (D3/C-B1 16.95% 9.97%
3.Return on assets (ROA) (D4/C) 5.44% 3.18%
4.Admin. expense to profit before tax. (D2/D3) ( 7.02 10.07
5.Earning per share (D4/E1) 1.36 0.88
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 74.42% 71.33%
2.Cuurent assets to current liabilities (C1/B1) (t 1.60 1.66
3.Total liabilities to total assets (B/C) 49.79% 51.11%
H.Capital /leverage ratios
1.Capital ratio (A/C) 50.21% 48.89%
2.Break up value per share (A/E1) 12.59 13.47
I.Cash flow ratios
1.Cash generated from operating activities to pro 3.32 2.92
2.Cash generated from operating activities to cur 0.36 0.18

170

Financial Statement Analysis of Financial Sector

ZeeQue Exchange Co. (Pvt) Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 91,030 193,546
1.Share capital 100,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) (8,970) (6,454)
4.Others 0 0
B.Total liabilities (B1 to B2) 6,589 3,439
1.Current liabilities 6,589 3,274
2.Non-current liabilities 0 165
C.Total assets (C1+C2) 97,619 196,985
1.Current assets(a + b) 55,959 156,988
a.Cash & bank balances 55,140 130,160
b.Other assets 819 26,828
2.Non-current assets (a + b) 41,660 39,997
a.Fixed assets 5,422 5,035
b.Other assets 36,238 34,962
D.Profit & loss account
1.Revenue 21,654 34,753
2.Administrative and general expenses 28,428 31,722
3.Profit/(loss) before taxation (6,774) 3,031
4.Profit/(loss) after taxation (6,990) 2,515
E.Other items
1.No. of ordinary shares (000) 10,000 20,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (469) 380
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -7.68% 0.01
2.Return on capital employed (ROCE) (D3/C-B1 -7.44% 1.56%
3.Return on assets (ROA) (D4/C) -7.16% 1.28%
4.Admin. expense to profit before tax. (D2/D3) ( -4.20 10.47
5.Earning per share (D4/E1) -0.70 0.13
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 56.48% 66.08%
2.Cuurent assets to current liabilities (C1/B1) (t 8.49 47.95
3.Total liabilities to total assets (B/C) 6.75% 1.75%
H.Capital /leverage ratios
1.Capital ratio (A/C) 93.25% 98.25%
2.Break up value per share (A/E1) 9.10 9.68
I.Cash flow ratios
1.Cash generated from operating activities to pro 0.07 0.15
2.Cash generated from operating activities to cur -0.07 0.12

Insurance Companies - Overall

Items 2014 2015
A.Total equity (A1 to A3) 91,096,313 100,593,380
1.Share capital 34,125,938 34,889,169
2.Reserves 27,874,564 28,916,545
3.Un appropriated profit 29,095,811 36,787,666
4.Others 1,946,133 2,241,190
B.Total liabilities (B1 to B3) 715,477,867 849,290,532
1.Balance of statutory funds 583,287,684 712,290,613
2.Outstanding claims, adv., prem., due to other 94,079,241 99,783,557
3.Other/misc. liabilities 38,110,942 37,216,362
C.Total assets (C1 to C5) 808,520,313 952,125,101
1.Cash and balances with banks 54,448,379 75,512,089
2.Advances to policy holders & employees 41,915,574 51,344,857
3.Investments in securities & properties 592,718,731 699,051,639
4.Other/misc. assets 109,703,884 114,720,140
5.Fixed assets 9,733,745 11,496,376
D.Profit & loss account
1.Investment income 9,806,802 12,595,403
2.Gross premium 201,576,280 237,287,200
3.Net premium 159,696,275 193,279,044
4.Gross claims 85,866,140 96,700,763
5.Net claims 64,918,652 77,789,696
6.Underwriting profit 52,237,270 71,661,729
7.Profit/(loss) before taxation 17,377,832 23,609,773
8.Profit/(loss) after taxation 13,733,855 18,411,525
E.Other items
1.No. of ordinary shares (000) 3,204,532 3,198,917
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 40,132,540 52,317,354
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 15.08% 0.18
2.Return on assets (ROA) (D8/C) 0.02 1.93%
3.Earning per share (D8/E1) (rs. per share) 4.29 5.76
4.Net Claims Incurred Ratio (D5/D3) 40.65% 40.25%
5.Underwriting profit to profit after tax. (D6/D8) 380.35% 389.22%
6.Investment income to net premium (D1/D3) 6.14% 6.52%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 6.73% 7.93%
2. Investment to total assets (C3/C) 73.31% 73.42%
H.Capital /leverage ratios
1.Capital ratio (A/C) 11.27% 10.57%
2.Break up value per share (A/E1) (Rs. per shar 28.43 31.45
I.Cash flow ratio
1.Cash generated from operating activities to pro 292.22% 284.16%

175

Financial Statement Analysis of Financial Sector

Life Insurance Corporations - Overall
Items 2014 2015
A.Total equity (A1 to A3) 11,559,431 13,196,202
1.Share capital 7,250,974 7,250,974
2.Reserves 108,688 475,410
3.Un appropriated profit 4,199,769 5,469,818
4.Others 0 0
B.Total liabilities (B1 to B3) 624,241,712 749,521,429
1.Balance of statutory funds 574,457,431 699,644,508
2.Outstanding claims, adv., prem., due to other 26,260,092 30,258,378
3.Other/misc. liabilities 23,524,189 19,618,543
C.Total assets (C1 to C5) 635,801,143 762,717,630
1.Cash and balances with banks 34,462,669 51,453,538
2.Advances to policy holders & employees 41,762,889 51,183,609
3.Investments in securities & properties 509,589,285 606,303,661
4.Other/misc. assets 47,956,674 51,060,853
5.Fixed assets 2,029,626 2,715,969
D.Profit & loss account
1.Investment income 1,007,538 977,317
2.Gross premium 124,920,503 154,724,842
3.Net premium 122,919,049 152,550,493
4.Gross claims 46,711,753 58,192,743
5.Net claims 45,334,840 56,758,063
6.Underwriting profit 46,571,456 65,515,530
7.Profit/(loss) before taxation 4,901,298 6,373,220
8.Profit/(loss) after taxation 3,330,788 4,220,479
E.Other items
1.No. of ordinary shares (000) 455,097 455,097
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 35,788,163 46,371,696
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 28.81% 31.98%
2.Return on assets (ROA) (D8/C) 0.52% 0.55%
3.Earning per share (D8/E1) (rs. per share) 7.32 9.27
4.Net Claims Incurred Ratio (D5/D3) 36.88% 37.21%
5.Underwriting profit to profit after tax. (D6/D8) 1398.21% 1552.32%
6.Investment income to net premium (D1/D3) 0.82% 0.64%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 5.42% 6.75%
2. Investment to total assets (C3/C) 80.15% 79.49%
H.Capital /leverage ratios
1.Capital ratio (A/C) 1.82% 1.73%
2.Break up value per share (A/E1) (Rs. per shar 25.40 29.00
I.Cash flow ratio
1.Cash generated from operating activities to pro 1074.47% 1098.73%

176

Financial Statement Analysis of Financial Sector

Adamjee Life Assurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 363,902 350,974
1.Share capital 935,494 935,494
2.Reserves (641,812) (655,612)
3.Un appropriated profit 70,220 71,092
4.Others 0 0
B.Total liabilities (B1 to B3) 8,825,330 15,307,736
1.Balance of statutory funds 8,256,342 14,444,778
2.Outstanding claims, adv., prem., due to other 274,885 467,929
3.Other/misc. liabilities 294,103 395,029
C.Total assets (C1 to C5) 9,189,232 15,658,710
1.Cash and balances with banks 572,661 1,339,795
2.Advances to policy holders & employees 3,523 10,347
3.Investments in securities & properties 8,099,714 13,682,874
4.Other/misc. assets 454,655 554,978
5.Fixed assets 58,679 70,716
D.Profit & loss account
1.Investment income 33,855 27,544
2.Gross premium 5,214,947 9,150,640
3.Net premium 4,976,433 8,837,691
4.Gross claims 1,413,037 2,036,899
5.Net claims 1,243,399 1,778,293
6.Underwriting profit 2,908,522 5,743,284
7.Profit/(loss) before taxation 18,685 4,160
8.Profit/(loss) after taxation 15,006 871
E.Other items
1.No. of ordinary shares (000) 93,549 93,549
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 2,463,754 5,153,454
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 4.12% 0.25%
2.Return on assets (ROA) (D8/C) 0.16% 0.01%
3.Earning per share (D8/E1) (rs. per share) 0.16 0.01
4.Net Claims Incurred Ratio (D5/D3) 24.99% 20.12%
5.Underwriting profit to profit after tax. (D6/D8) 19382.39% 659389.67%
6.Investment income to net premium (D1/D3) 0.68% 0.31%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 6.23% 8.56%
2. Investment to total assets (C3/C) 88.14% 87.38%
H.Capital /leverage ratios
1.Capital ratio (A/C) 3.96% 2.24%
2.Break up value per share (A/E1) (Rs. per shar 3.89 3.75
I.Cash flow ratio
1.Cash generated from operating activities to pro 16418.46% 591670.95%

177

Financial Statement Analysis of Financial Sector

Askari Life Insurance Co. Ltd.(Formally East West Life Assur
Items 2014 2015
A.Total equity (A1 to A3) 230,493 202,830
1.Share capital 594,292 594,292
2.Reserves 0 0
3.Un appropriated profit (363,799) (391,462)
4.Others 0 0
B.Total liabilities (B1 to B3) 348,835 341,993
1.Balance of statutory funds 247,312 215,406
2.Outstanding claims, adv., prem., due to other 98,966 109,202
3.Other/misc. liabilities 2,557 17,385
C.Total assets (C1 to C5) 579,328 544,822
1.Cash and balances with banks 207,319 189,137
2.Advances to policy holders & employees 8,357 9,950
3.Investments in securities & properties 284,900 305,099
4.Other/misc. assets 53,778 19,334
5.Fixed assets 24,974 21,302
D.Profit & loss account
1.Investment income 18,723 9,852
2.Gross premium 225,031 42,859
3.Net premium 142,582 31,584
4.Gross claims 203,166 99,226
5.Net claims 120,971 73,712
6.Underwriting profit 39,326 16,179
7.Profit/(loss) before taxation 28,386 (2,223)
8.Profit/(loss) after taxation 29,048 (3,307)
E.Other items
1.No. of ordinary shares (000) 59,429 59,429
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (9,807) (29,730)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.13 -1.63%
2.Return on assets (ROA) (D8/C) 5.01% -0.61%
3.Earning per share (D8/E1) (rs. per share) 0.49 -0.06
4.Net Claims Incurred Ratio (D5/D3) 84.84% 233.38%
5.Underwriting profit to profit after tax. (D6/D8) 135.38% -489.23%
6.Investment income to net premium (D1/D3) 13.13% 31.19%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 35.79% 34.72%
2. Investment to total assets (C3/C) 49.18% 0.56
H.Capital /leverage ratios
1.Capital ratio (A/C) 39.79% 37.23%
2.Break up value per share (A/E1) (Rs. per shar 3.88 3.41
I.Cash flow ratio
1.Cash generated from operating activities to pro -33.76% 8.99

178
 Financial Statement Analysis of Financial Sector
EFU Life Assurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 2,834,273 3,409,743
1.Share capital 1,000,000 1,000,000
2.Reserves 750,500 950,000
3.Un appropriated profit 1,083,773 1,459,743
4.Others 0 0
B.Total liabilities (B1 to B3) 64,394,209 87,855,636
1.Balance of statutory funds 61,222,367 83,836,320
2.Outstanding claims, adv., prem., due to other 1,815,614 2,216,190
3.Other/misc. liabilities 1,356,228 1,803,126
C.Total assets (C1 to C5) 67,228,482 91,265,379
1.Cash and balances with banks 7,666,369 14,406,587
2.Advances to policy holders & employees 71,300 100,187
3.Investments in securities & properties 55,534,580 71,941,323
4.Other/misc. assets 2,872,629 3,149,588
5.Fixed assets 1,083,604 1,667,694
D.Profit & loss account
1.Investment income 475,995 144,448
2.Gross premium 18,219,910 31,033,830
3.Net premium 17,595,939 30,351,972
4.Gross claims 5,184,170 9,396,055
5.Net claims 4,714,369 8,941,518
6.Underwriting profit 10,270,678 18,537,493
7.Profit/(loss) before taxation 1,423,373 2,225,370
8.Profit/(loss) after taxation 950,901 1,475,470
E.Other items
1.No. of ordinary shares (000) 100,000 100,000
2.Cash dividend 0.75 1.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 7,939,450 15,860,606
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 33.55% 43.27%
2.Return on assets (ROA) (D8/C) 1.41% 1.62%
3.Earning per share (D8/E1) (rs. per share) 9.51 14.75
4.Net Claims Incurred Ratio (D5/D3) 26.79% 29.46%
5.Underwriting profit to profit after tax. (D6/D8) 10.80 1256.38%
6.Investment income to net premium (D1/D3) 2.71% 0.48%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.11 15.79%
2. Investment to total assets (C3/C) 82.61% 78.83%
H.Capital /leverage ratios
1.Capital ratio (A/C) 4.22% 3.74%
2.Break up value per share (A/E1) (Rs. per shar 28.34 34.10
I.Cash flow ratio
1.Cash generated from operating activities to pro 834.94% 1074.95%

179

Financial Statement Analysis of Financial Sector

IGI Life Insurance Limited (Formerly American Life Insuranc
Items 2014 2015
A.Total equity (A1 to A3) 825,502 889,901
1.Share capital 500,000 500,000
2.Reserves 0 0
3.Un appropriated profit 325,502 389,901
4.Others 0 0
B.Total liabilities (B1 to B3) 11,037,084 12,716,255
1.Balance of statutory funds 10,455,853 12,020,855
2.Outstanding claims, adv., prem., due to other 248,428 323,405
3.Other/misc. liabilities 332,803 371,995
C.Total assets (C1 to C5) 11,862,586 13,606,156
1.Cash and balances with banks 596,598 433,202
2.Advances to policy holders & employees 134,711 146,947
3.Investments in securities & properties 10,308,203 12,094,010
4.Other/misc. assets 788,634 858,438
5.Fixed assets 34,440 73,559
D.Profit & loss account
1.Investment income 89,389 105,621
2.Gross premium 2,535,167 3,962,435
3.Net premium 2,435,929 3,834,615
4.Gross claims 3,429,808 2,612,003
5.Net claims 3,398,383 2,598,090
6.Underwriting profit (1,278,523) 914,613
7.Profit/(loss) before taxation 82,615 112,645
8.Profit/(loss) after taxation 55,352 76,599
E.Other items
1.No. of ordinary shares (000) 50,000 50,000
2.Cash dividend 0.00 0.10
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (1,880,798) 279,454
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 6.71% 8.61%
2.Return on assets (ROA) (D8/C) 0.47% 0.56%
3.Earning per share (D8/E1) (rs. per share) 1.11 1.53
4.Net Claims Incurred Ratio (D5/D3) 139.51% 67.75%
5.Underwriting profit to profit after tax. (D6/D8) -23.10 1194.03%
6.Investment income to net premium (D1/D3) 3.67% 2.75%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 5.03% 3.18%
2. Investment to total assets (C3/C) 0.87 88.89%
H.Capital /leverage ratios
1.Capital ratio (A/C) 6.96% 6.54%
2.Break up value per share (A/E1) (Rs. per shar 16.51 17.80
I.Cash flow ratio
1.Cash generated from operating activities to pro -3397.89% 364.83%

180

Financial Statement Analysis of Financial Sector

Jubilee Life Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 3,159,865 3,910,237
1.Share capital 721,188 721,188
2.Reserves 0 0
3.Un appropriated profit 2,438,677 3,189,049
4.Others 0 0
B.Total liabilities (B1 to B3) 46,453,638 65,313,697
1.Balance of statutory funds 44,020,932 62,205,691
2.Outstanding claims, adv., prem., due to other 962,796 1,291,111
3.Other/misc. liabilities 1,469,910 1,816,895
C.Total assets (C1 to C5) 49,613,503 69,223,934
1.Cash and balances with banks 5,070,940 7,379,823
2.Advances to policy holders & employees 6,199 9,350
3.Investments in securities & properties 41,908,749 58,999,033
4.Other/misc. assets 2,137,854 2,296,206
5.Fixed assets 489,761 539,522
D.Profit & loss account
1.Investment income 206,401 345,552
2.Gross premium 21,823,383 29,929,196
3.Net premium 21,085,925 29,120,815
4.Gross claims 5,611,509 7,639,144
5.Net claims 5,082,604 7,021,641
6.Underwriting profit 12,256,165 17,492,293
7.Profit/(loss) before taxation 2,001,463 2,441,560
8.Profit/(loss) after taxation 1,361,532 1,621,560
E.Other items
1.No. of ordinary shares (000) 72,119 72,119
2.Cash dividend 0.95 1.35
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 9,457,705 14,024,645
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 43.09% 41.47%
2.Return on assets (ROA) (D8/C) 2.74% 2.34%
3.Earning per share (D8/E1) (rs. per share) 18.88 22.48
4.Net Claims Incurred Ratio (D5/D3) 0.24 24.11%
5.Underwriting profit to profit after tax. (D6/D8) 900.17% 1078.73%
6.Investment income to net premium (D1/D3) 0.98% 1.19%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 10.22% 10.66%
2. Investment to total assets (C3/C) 84.47% 85.23%
H.Capital /leverage ratios
1.Capital ratio (A/C) 6.37% 5.65%
2.Break up value per share (A/E1) (Rs. per shar 43.81 54.22
I.Cash flow ratio
1.Cash generated from operating activities to pro 694.64% 864.89%

181

Financial Statement Analysis of Financial Sector

State Life Insurance Corporation Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 3,840,308 4,228,971
1.Share capital 3,000,000 3,000,000
2.Reserves 0 181,022
3.Un appropriated profit 840,308 1,047,949
4.Others 0 0
B.Total liabilities (B1 to B3) 492,849,392 567,597,756
1.Balance of statutory funds 450,025,386 526,675,676
2.Outstanding claims, adv., prem., due to other 22,789,343 25,747,828
3.Other/misc. liabilities 20,034,663 15,174,252
C.Total assets (C1 to C5) 496,689,700 571,826,727
1.Cash and balances with banks 20,260,703 27,623,482
2.Advances to policy holders & employees 41,538,799 50,906,828
3.Investments in securities & properties 393,057,338 448,906,836
4.Other/misc. assets 41,500,477 44,049,426
5.Fixed assets 332,383 340,155
D.Profit & loss account
1.Investment income 150,706 323,826
2.Gross premium 76,560,563 80,171,629
3.Net premium 76,342,055 79,941,313
4.Gross claims 30,599,515 36,025,579
5.Net claims 30,504,566 35,960,972
6.Underwriting profit 22,369,280 22,745,076
7.Profit/(loss) before taxation 1,332,682 1,588,465
8.Profit/(loss) after taxation 905,107 1,047,949
E.Other items
1.No. of ordinary shares (000) 30,000 30,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 17,951,170 11,149,658
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 23.57% 24.78%
2.Return on assets (ROA) (D8/C) 0.18% 0.18%
3.Earning per share (D8/E1) (rs. per share) 30.17 34.93
4.Net Claims Incurred Ratio (D5/D3) 39.96% 44.98%
5.Underwriting profit to profit after tax. (D6/D8) 2471.45% 2170.44%
6.Investment income to net premium (D1/D3) 0.00 0.41%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 4.08% 4.83%
2. Investment to total assets (C3/C) 79.14% 0.79
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.77% 0.74%
2.Break up value per share (A/E1) (Rs. per shar 128.01 140.97
I.Cash flow ratio
1.Cash generated from operating activities to pro 1983.32% 1063.95%

182

Financial Statement Analysis of Financial Sector

TPL Life Insurance Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 305,088 203,546
1.Share capital 500,000 500,000
2.Reserves 0 0
3.Un appropriated profit (194,912) (296,454)
4.Others 0 0
B.Total liabilities (B1 to B3) 333,224 388,356
1.Balance of statutory funds 229,239 245,782
2.Outstanding claims, adv., prem., due to other 70,060 102,713
3.Other/misc. liabilities 33,925 39,861
C.Total assets (C1 to C5) 638,312 591,902
1.Cash and balances with banks 88,079 81,512
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 395,801 374,486
4.Other/misc. assets 148,647 132,883
5.Fixed assets 5,785 3,021
D.Profit & loss account
1.Investment income 32,469 20,474
2.Gross premium 341,502 434,253
3.Net premium 340,186 432,503
4.Gross claims 270,548 383,837
5.Net claims 270,548 383,837
6.Underwriting profit 6,008 66,592
7.Profit/(loss) before taxation 14,094 3,243
8.Profit/(loss) after taxation 13,842 1,337
E.Other items
1.No. of ordinary shares (000) 50,000 50,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (133,311) (66,391)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 4.54% 0.66%
2.Return on assets (ROA) (D8/C) 2.17% 0.23%
3.Earning per share (D8/E1) (rs. per share) 0.28 0.03
4.Net Claims Incurred Ratio (D5/D3) 79.53% 88.75%
5.Underwriting profit to profit after tax. (D6/D8) 0.43 49.81
6.Investment income to net premium (D1/D3) 9.54% 4.73%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.14 13.77%
2. Investment to total assets (C3/C) 62.01% 63.27%
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.48 34.39%
2.Break up value per share (A/E1) (Rs. per shar 6.10 4.07
I.Cash flow ratio
1.Cash generated from operating activities to pro -963.09% -4965.67%

183

Financial Statement Analysis of Financial Sector

Non-Life Insurance Corporations - Overall
Items 2014 2015
A.Total equity (A1 to A3) 77,994,558 85,672,698
1.Share capital 24,231,587 24,956,223
2.Reserves 27,611,295 28,729,273
3.Un appropriated profit 26,151,676 31,987,202
4.Others 1,956,934 2,372,062
B.Total liabilities (B1 to B3) 79,900,836 85,009,157
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 66,177,568 68,129,992
3.Other/misc. liabilities 13,723,268 16,879,165
C.Total assets (C1 to C5) 159,852,328 173,053,917
1.Cash and balances with banks 15,080,069 13,957,146
2.Advances to policy holders & employees 150,577 160,149
3.Investments in securities & properties 77,708,916 88,616,982
4.Other/misc. assets 59,466,953 61,778,053
5.Fixed assets 7,445,813 8,541,587
D.Profit & loss account
1.Investment income 8,705,619 11,525,778
2.Gross premium 68,597,486 73,236,976
3.Net premium 34,689,399 38,457,368
4.Gross claims 36,240,847 35,614,978
5.Net claims 18,134,238 19,624,133
6.Underwriting profit 5,517,698 6,162,586
7.Profit/(loss) before taxation 12,422,653 17,545,218
8.Profit/(loss) after taxation 10,385,439 14,569,114
E.Other items
1.No. of ordinary shares (000) 2,485,097 2,475,622
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 2,679,882 3,033,429
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 13.32% 17.01%
2.Return on assets (ROA) (D8/C) 0.07 8.42%
3.Earning per share (D8/E1) (rs. per share) 4.18 5.89
4.Net Claims Incurred Ratio (D5/D3) 52.28% 51.03%
5.Underwriting profit to profit after tax. (D6/D8) 53.13% 0.42
6.Investment income to net premium (D1/D3) 0.25 29.97%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 9.43% 8.07%
2. Investment to total assets (C3/C) 48.61% 51.21%
H.Capital /leverage ratios
1.Capital ratio (A/C) 48.79% 49.51%
2.Break up value per share (A/E1) (Rs. per shar 31.38 34.61
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.26 20.82%

184

Financial Statement Analysis of Financial Sector

Adamjee Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 13,660,985 14,561,315
1.Share capital 3,500,000 3,500,000
2.Reserves 1,396,934 1,408,626
3.Un appropriated profit 8,764,051 9,652,689
4.Others 0 0
B.Total liabilities (B1 to B3) 15,267,657 17,818,714
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 12,947,025 15,139,146
3.Other/misc. liabilities 2,320,632 2,679,568
C.Total assets (C1 to C5) 28,928,642 32,380,029
1.Cash and balances with banks 2,876,630 2,898,132
2.Advances to policy holders & employees 14,225 16,998
3.Investments in securities & properties 13,482,064 15,393,433
4.Other/misc. assets 11,441,925 12,770,269
5.Fixed assets 1,113,798 1,301,197
D.Profit & loss account
1.Investment income 2,060,861 3,502,042
2.Gross premium 12,145,147 13,639,668
3.Net premium 6,302,550 7,747,391
4.Gross claims 9,928,306 10,310,530
5.Net claims 4,088,215 5,223,103
6.Underwriting profit 369,210 241,685
7.Profit/(loss) before taxation 2,030,472 2,214,371
8.Profit/(loss) after taxation 1,879,098 1,942,559
E.Other items
1.No. of ordinary shares (000) 350,000 350,000
2.Cash dividend 0.28 0.30
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,147,794 838,188
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 13.76% 13.34%
2.Return on assets (ROA) (D8/C) 0.07 0.06
3.Earning per share (D8/E1) (rs. per share) 5.37 5.55
4.Net Claims Incurred Ratio (D5/D3) 64.87% 67.42%
5.Underwriting profit to profit after tax. (D6/D8) 19.65% 12.44%
6.Investment income to net premium (D1/D3) 0.33 0.45
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 9.94% 8.95%
2. Investment to total assets (C3/C) 0.47 47.54%
H.Capital /leverage ratios
1.Capital ratio (A/C) 47.22% 44.97%
2.Break up value per share (A/E1) (Rs. per shar 39.03 41.60
I.Cash flow ratio
1.Cash generated from operating activities to pro 61.08% 43.15%
 185

Financial Statement Analysis of Financial Sector

Alflah Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 710,311 814,769
1.Share capital 300,000 500,000
2.Reserves 151,381 160,834
3.Un appropriated profit 258,930 153,935
4.Others 0 0
B.Total liabilities (B1 to B3) 1,469,542 1,571,437
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 1,242,815 1,314,702
3.Other/misc. liabilities 226,727 256,735
C.Total assets (C1 to C5) 2,179,853 2,386,206
1.Cash and balances with banks 207,641 132,469
2.Advances to policy holders & employees 3,910 2,685
3.Investments in securities & properties 860,171 978,776
4.Other/misc. assets 1,033,574 1,199,698
5.Fixed assets 74,557 72,578
D.Profit & loss account
1.Investment income 101,341 75,383
2.Gross premium 1,330,854 1,545,612
3.Net premium 705,323 780,180
4.Gross claims 622,815 593,629
5.Net claims 410,817 429,297
6.Underwriting profit 150,515 180,158
7.Profit/(loss) before taxation 150,594 153,511
8.Profit/(loss) after taxation 123,037 115,214
E.Other items
1.No. of ordinary shares (000) 30,000 50,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 81,469 (9,452)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 17.32% 14.14%
2.Return on assets (ROA) (D8/C) 5.64% 4.83%
3.Earning per share (D8/E1) (rs. per share) 4.10 2.30
4.Net Claims Incurred Ratio (D5/D3) 58.25% 55.03%
5.Underwriting profit to profit after tax. (D6/D8) 122.33% 156.37%
6.Investment income to net premium (D1/D3) 14.37% 9.66%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 9.53% 5.55%
2. Investment to total assets (C3/C) 39.46% 41.02%
H.Capital /leverage ratios
1.Capital ratio (A/C) 32.59% 34.14%
2.Break up value per share (A/E1) (Rs. per shar 23.68 16.30
I.Cash flow ratio
1.Cash generated from operating activities to pro 66.22% -0.08

186

Financial Statement Analysis of Financial Sector

Allianz EFU Health Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 577,945 600,399
1.Share capital 300,000 300,000
2.Reserves 0 0
3.Un appropriated profit 277,945 300,399
4.Others 0 0
B.Total liabilities (B1 to B3) 771,245 980,532
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 638,064 814,145
3.Other/misc. liabilities 133,181 166,387
C.Total assets (C1 to C5) 1,349,190 1,580,931
1.Cash and balances with banks 41,511 67,576
2.Advances to policy holders & employees 0 2,287
3.Investments in securities & properties 1,537 910,217
4.Other/misc. assets 1,265,763 564,124
5.Fixed assets 40,379 36,727
D.Profit & loss account
1.Investment income 101,228 122,960
2.Gross premium 1,492,970 1,664,793
3.Net premium 994,753 1,026,724
4.Gross claims 1,047,409 1,112,362
5.Net claims 731,942 769,980
6.Underwriting profit 157,780 135,011
7.Profit/(loss) before taxation 234,282 229,913
8.Profit/(loss) after taxation 172,339 172,454
E.Other items
1.No. of ordinary shares (000) 30,000 30,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 57,062 213,864
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 29.82% 28.72%
2.Return on assets (ROA) (D8/C) 12.77% 10.91%
3.Earning per share (D8/E1) (rs. per share) 5.74 5.75
4.Net Claims Incurred Ratio (D5/D3) 73.58% 74.99%
5.Underwriting profit to profit after tax. (D6/D8) 91.55% 78.29%
6.Investment income to net premium (D1/D3) 10.18% 11.98%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 3.08% 4.27%
2. Investment to total assets (C3/C) 0.11% 57.57%
H.Capital /leverage ratios
1.Capital ratio (A/C) 42.84% 37.98%
2.Break up value per share (A/E1) (Rs. per shar 19.26 20.01
I.Cash flow ratio
1.Cash generated from operating activities to pro 33.11% 124.01%

187

Financial Statement Analysis of Financial Sector

Alpha Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 603,304 635,309
1.Share capital 403,600 403,600
2.Reserves 10,175 10,175
3.Un appropriated profit 189,529 221,534
4.Others 0 0
B.Total liabilities (B1 to B3) 426,408 339,167
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 225,387 244,081
3.Other/misc. liabilities 201,021 95,086
C.Total assets (C1 to C5) 1,029,712 974,476
1.Cash and balances with banks 64,319 33,151
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 614,688 654,630
4.Other/misc. assets 336,860 276,288
5.Fixed assets 13,845 10,407
D.Profit & loss account
1.Investment income 87,972 77,297
2.Gross premium 219,652 179,989
3.Net premium 90,907 63,215
4.Gross claims 117,407 135,756
5.Net claims 53,856 14,991
6.Underwriting profit (42,981) (12,280)
7.Profit/(loss) before taxation 23,056 41,128
8.Profit/(loss) after taxation 19,509 31,664
E.Other items
1.No. of ordinary shares (000) 40,360 40,360
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (65,602) (68,339)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 3.23% 4.98%
2.Return on assets (ROA) (D8/C) 1.89% 3.25%
3.Earning per share (D8/E1) (rs. per share) 0.48 0.78
4.Net Claims Incurred Ratio (D5/D3) 59.24% 23.71%
5.Underwriting profit to profit after tax. (D6/D8) -220.31% -38.78%
6.Investment income to net premium (D1/D3) 96.77% 122.28%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 6.25% 0.03
2. Investment to total assets (C3/C) 0.60 67.18%
H.Capital /leverage ratios
1.Capital ratio (A/C) 58.59% 65.19%
2.Break up value per share (A/E1) (Rs. per shar 14.95 15.74
I.Cash flow ratio
1.Cash generated from operating activities to pro -336.27% -215.83%

188

Financial Statement Analysis of Financial Sector

Asia Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 419,817 488,142
1.Share capital 300,000 300,000
2.Reserves 2,500 2,500
3.Un appropriated profit 117,317 185,642
4.Others 136,060 136,060
B.Total liabilities (B1 to B3) 257,073 328,487
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 179,948 244,865
3.Other/misc. liabilities 77,125 83,622
C.Total assets (C1 to C5) 812,950 952,689
1.Cash and balances with banks 53,813 70,764
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 228,173 233,607
4.Other/misc. assets 254,502 331,686
5.Fixed assets 276,462 316,632
D.Profit & loss account
1.Investment income 33,354 12,926
2.Gross premium 304,784 450,174
3.Net premium 190,975 347,054
4.Gross claims 48,919 87,142
5.Net claims 41,954 64,193
6.Underwriting profit 60,260 125,980
7.Profit/(loss) before taxation 59,581 93,086
8.Profit/(loss) after taxation 47,513 68,325
E.Other items
1.No. of ordinary shares (000) 30,000 30,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.20
4.Cash generated from operating activities 15,914 115,450
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 11.32% 0.14
2.Return on assets (ROA) (D8/C) 5.84% 7.17%
3.Earning per share (D8/E1) (rs. per share) 1.58 2.28
4.Net Claims Incurred Ratio (D5/D3) 21.97% 0.19
5.Underwriting profit to profit after tax. (D6/D8) 126.83% 184.38%
6.Investment income to net premium (D1/D3) 17.47% 3.72%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 6.62% 7.43%
2. Investment to total assets (C3/C) 28.07% 24.52%
H.Capital /leverage ratios
1.Capital ratio (A/C) 51.64% 51.24%
2.Break up value per share (A/E1) (Rs. per shar 13.99 16.27
I.Cash flow ratio
1.Cash generated from operating activities to pro 33.49% 168.97%

189

Financial Statement Analysis of Financial Sector

Askari General Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 779,535 975,777
1.Share capital 388,344 388,344
2.Reserves 74,658 74,658
3.Un appropriated profit 316,533 512,775
4.Others 0-
B.Total liabilities (B1 to B3) 1,718,415 1,865,924
1.Balance of statutory funds 0-
2.Outstanding claims, adv., prem., due to other 1,417,276 1,502,297
3.Other/misc. liabilities 301,139 363,627
C.Total assets (C1 to C5) 2,497,950 2,841,701
1.Cash and balances with banks 133,969 115,264
2.Advances to policy holders & employees 1,586 1,488
3.Investments in securities & properties 1,061,355 1,203,669
4.Other/misc. assets 1,251,719 1,343,705
5.Fixed assets 49,321 177,575
D.Profit & loss account
1.Investment income 125,959 104,032
2.Gross premium 1,719,458 2,005,056
3.Net premium 971,450 1,091,884
4.Gross claims 931,063 1,017,248
5.Net claims 561,424 537,792
6.Underwriting profit 209,802 337,909
7.Profit/(loss) before taxation 202,217 274,916
8.Profit/(loss) after taxation 163,415 198,508
E.Other items
1.No. of ordinary shares (000) 38,834 38,834
2.Cash dividend 0.00 0.15
3.Stock dividend/bonus shares 0.00 0.10
4.Cash generated from operating activities 28,955 120,099
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 20.96% 20.34%
2.Return on assets (ROA) (D8/C) 6.54% 6.99%
3.Earning per share (D8/E1) (rs. per share) 4.21 5.11
4.Net Claims Incurred Ratio (D5/D3) 57.79% 49.25%
5.Underwriting profit to profit after tax. (D6/D8) 128.39% 170.22%
6.Investment income to net premium (D1/D3) 12.97% 9.53%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 5.36% 4.06%
2. Investment to total assets (C3/C) 42.49% 42.36%
H.Capital /leverage ratios
1.Capital ratio (A/C) 31.21% 34.34%
2.Break up value per share (A/E1) (Rs. per shar 20.07 25.13
I.Cash flow ratio
1.Cash generated from operating activities to pro 17.72% 0.61

190

Financial Statement Analysis of Financial Sector

Atlas Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 1,667,502 1,845,899
1.Share capital 701,614 701,614
2.Reserves 421,064 545,064
3.Un appropriated profit 544,824 599,221
4.Others 0 0
B.Total liabilities (B1 to B3) 1,676,517 1,951,115
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 1,310,866 1,533,346
3.Other/misc. liabilities 365,651 417,769
C.Total assets (C1 to C5) 3,344,019 3,797,014
1.Cash and balances with banks 433,170 428,284
2.Advances to policy holders & employees 194 150
3.Investments in securities & properties 1,868,597 2,124,477
4.Other/misc. assets 990,206 1,187,872
5.Fixed assets 51,852 56,231
D.Profit & loss account
1.Investment income 294,682 357,016
2.Gross premium 1,651,321 1,964,485
3.Net premium 878,381 959,230
4.Gross claims 301,752 493,839
5.Net claims 210,525 203,946
6.Underwriting profit 406,713 462,708
7.Profit/(loss) before taxation 690,815 797,819
8.Profit/(loss) after taxation 544,968 601,157
E.Other items
1.No. of ordinary shares (000) 70,161 70,161
2.Cash dividend 0.60 0.60
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 592,054 299,951
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 32.68% 32.57%
2.Return on assets (ROA) (D8/C) 0.16 15.83%
3.Earning per share (D8/E1) (rs. per share) 7.77 8.57
4.Net Claims Incurred Ratio (D5/D3) 23.97% 21.26%
5.Underwriting profit to profit after tax. (D6/D8) 74.63% 76.97%
6.Investment income to net premium (D1/D3) 33.55% 37.22%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 12.95% 11.28%
2. Investment to total assets (C3/C) 55.88% 55.95%
H.Capital /leverage ratios
1.Capital ratio (A/C) 49.87% 48.61%
2.Break up value per share (A/E1) (Rs. per shar 23.77 26.31
I.Cash flow ratio
1.Cash generated from operating activities to pro 108.64% 0.50

191
 Financial Statement Analysis of Financial Sector
Century Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 1,185,311 1,753,891
1.Share capital 457,244 457,244
2.Reserves 373,024 373,024
3.Un appropriated profit 355,043 923,623
4.Others 0 0
B.Total liabilities (B1 to B3) 691,412 906,468
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 561,805 746,687
3.Other/misc. liabilities 129,607 159,781
C.Total assets (C1 to C5) 1,876,723 2,660,359
1.Cash and balances with banks 245,205 173,451
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 1,095,864 1,732,984
4.Other/misc. assets 487,275 697,726
5.Fixed assets 48,379 56,198
D.Profit & loss account
1.Investment income 135,888 634,704
2.Gross premium 755,311 1,034,842
3.Net premium 388,502 515,005
4.Gross claims 291,784 448,805
5.Net claims 201,946 299,836
6.Underwriting profit 107,828 128,261
7.Profit/(loss) before taxation 158,454 649,260
8.Profit/(loss) after taxation 142,372 638,313
E.Other items
1.No. of ordinary shares (000) 45,724 45,724
2.Cash dividend 0.15 0.50
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 46,432 10,147
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 12.01% 36.39%
2.Return on assets (ROA) (D8/C) 7.59% 23.99%
3.Earning per share (D8/E1) (rs. per share) 3.11 13.96
4.Net Claims Incurred Ratio (D5/D3) 51.98% 58.22%
5.Underwriting profit to profit after tax. (D6/D8) 75.74% 20.09%
6.Investment income to net premium (D1/D3) 34.98% 123.24%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 13.07% 6.52%
2. Investment to total assets (C3/C) 58.39% 65.14%
H.Capital /leverage ratios
1.Capital ratio (A/C) 63.16% 65.93%
2.Break up value per share (A/E1) (Rs. per shar 25.92 38.36
I.Cash flow ratio
1.Cash generated from operating activities to pro 32.61% 1.59%

192

Financial Statement Analysis of Financial Sector

Chubb Insurance Pakistan Ltd
Items 2014 2015
A.Total equity (A1 to A3) 513,976 398,102
1.Share capital 300,000 300,000
2.Reserves 213,976 98,102
3.Un appropriated profit 0 0
4.Others 0 0
B.Total liabilities (B1 to B3) 848,289 1,499,353
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 762,683 1,452,013
3.Other/misc. liabilities 85,606 47,340
C.Total assets (C1 to C5) 1,362,265 1,897,455
1.Cash and balances with banks 626,000 641,381
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 0 0
4.Other/misc. assets 717,438 1,236,316
5.Fixed assets 18,827 19,758
D.Profit & loss account
1.Investment income 0 0
2.Gross premium 777,874 544,729
3.Net premium 244,938 66,479
4.Gross claims 103,839 357,789
5.Net claims 10,215 39,060
6.Underwriting profit 123,799 (70,067)
7.Profit/(loss) before taxation 277,500 (31,968)
8.Profit/(loss) after taxation 182,576 (31,943)
E.Other items
1.No. of ordinary shares (000) 30,000 30,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (83,730) 65,890
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 35.52% -8.02%
2.Return on assets (ROA) (D8/C) 0.13 -1.68%
3.Earning per share (D8/E1) (rs. per share) 6.09 -1.06
4.Net Claims Incurred Ratio (D5/D3) 4.17% 58.76%
5.Underwriting profit to profit after tax. (D6/D8) 67.81% 219.35%
6.Investment income to net premium (D1/D3) 0.00 0.00
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 45.95% 0.34
2. Investment to total assets (C3/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 37.73% 20.98%
2.Break up value per share (A/E1) (Rs. per shar 17.13 13.27
I.Cash flow ratio
1.Cash generated from operating activities to pro -45.86% -206.27%

193

Financial Statement Analysis of Financial Sector

Crescent Star Insurance Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 552,043 633,726
1.Share capital 620,125 620,125
2.Reserves 26,265 26,265
3.Un appropriated profit (94,347) (12,664)
4.Others (199,650) (123,650)
B.Total liabilities (B1 to B3) 222,449 328,145
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 175,241 215,569
3.Other/misc. liabilities 47,208 112,576
C.Total assets (C1 to C5) 574,842 838,221
1.Cash and balances with banks 4,140 11,753
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 269,997 78,061
4.Other/misc. assets 283,427 727,359
5.Fixed assets 17,278 21,048
D.Profit & loss account
1.Investment income 6,644 9,056
2.Gross premium 237,051 265,768
3.Net premium 136,248 236,907
4.Gross claims 39,590 73,939
5.Net claims 25,172 92,333
6.Underwriting profit 19,069 30,292
7.Profit/(loss) before taxation (34,467) 89,855
8.Profit/(loss) after taxation (35,830) 81,682
E.Other items
1.No. of ordinary shares (000) 62,013 62,013
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (62,734) (378,694)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -6.49% 12.89%
2.Return on assets (ROA) (D8/C) -6.23% 9.74%
3.Earning per share (D8/E1) (rs. per share) -0.58 1.32
4.Net Claims Incurred Ratio (D5/D3) 18.48% 38.97%
5.Underwriting profit to profit after tax. (D6/D8) -53.22% 37.09%
6.Investment income to net premium (D1/D3) 4.88% 3.82%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.72% 0.01
2. Investment to total assets (C3/C) 46.97% 9.31%
H.Capital /leverage ratios
1.Capital ratio (A/C) 96.03% 0.76
2.Break up value per share (A/E1) (Rs. per shar 8.90 10.22
I.Cash flow ratio
1.Cash generated from operating activities to pro 175.09% -463.62%

194

Financial Statement Analysis of Financial Sector

E.F.U.General Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 13,111,099 15,847,012
1.Share capital 1,600,000 1,600,000
2.Reserves 9,512,902 10,512,902
3.Un appropriated profit 1,998,197 3,734,110
4.Others 0 0
B.Total liabilities (B1 to B3) 16,116,146 16,417,023
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 14,086,041 14,139,638
3.Other/misc. liabilities 2,030,105 2,277,385
C.Total assets (C1 to C5) 29,227,245 32,264,035
1.Cash and balances with banks 1,520,795 1,748,996
2.Advances to policy holders & employees 2,578 2,114
3.Investments in securities & properties 15,860,356 19,356,874
4.Other/misc. assets 10,923,950 10,054,733
5.Fixed assets 919,566 1,101,318
D.Profit & loss account
1.Investment income 914,981 1,202,481
2.Gross premium 14,514,105 15,008,465
3.Net premium 6,532,352 6,676,862
4.Gross claims 5,834,749 5,327,662
5.Net claims 2,973,025 2,998,060
6.Underwriting profit 1,316,402 1,052,562
7.Profit/(loss) before taxation 2,262,240 4,809,131
8.Profit/(loss) after taxation 1,829,051 4,033,902
E.Other items
1.No. of ordinary shares (000) 160,000 160,000
2.Cash dividend 0.60 0.75
3.Stock dividend/bonus shares 0.00 0.25
4.Cash generated from operating activities (214,213) 1,342,009
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 13.95% 25.46%
2.Return on assets (ROA) (D8/C) 6.26% 0.13
3.Earning per share (D8/E1) (rs. per share) 11.43 25.21
4.Net Claims Incurred Ratio (D5/D3) 45.51% 0.45
5.Underwriting profit to profit after tax. (D6/D8) 71.97% 26.09%
6.Investment income to net premium (D1/D3) 14.01% 18.01%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.05 5.42%
2. Investment to total assets (C3/C) 54.27% 0.60
H.Capital /leverage ratios
1.Capital ratio (A/C) 44.86% 49.12%
2.Break up value per share (A/E1) (Rs. per shar 81.94 99.04
I.Cash flow ratio
1.Cash generated from operating activities to pro -11.71% 33.27%

195

Financial Statement Analysis of Financial Sector

East West Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 664,912 756,014
1.Share capital 401,502 451,690
2.Reserves 100,000 100,000
3.Un appropriated profit 163,410 204,324
4.Others 0 0
B.Total liabilities (B1 to B3) 734,041 819,256
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 564,329 642,460
3.Other/misc. liabilities 169,712 176,796
C.Total assets (C1 to C5) 1,398,953 1,575,270
1.Cash and balances with banks 82,481 66,944
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 729,551 896,385
4.Other/misc. assets 533,721 490,356
5.Fixed assets 53,200 121,585
D.Profit & loss account
1.Investment income 97,173 33,141
2.Gross premium 1,419,871 1,767,738
3.Net premium 760,242 870,242
4.Gross claims 504,241 502,857
5.Net claims 305,386 378,315
6.Underwriting profit 139,472 147,114
7.Profit/(loss) before taxation 171,768 183,894
8.Profit/(loss) after taxation 142,127 131,252
E.Other items
1.No. of ordinary shares (000) 40,150 45,169
2.Cash dividend 0.00 0.10
3.Stock dividend/bonus shares 0.00 0.13
4.Cash generated from operating activities 157,743 161,780
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 21.38% 17.36%
2.Return on assets (ROA) (D8/C) 10.16% 8.33%
3.Earning per share (D8/E1) (rs. per share) 3.54 2.91
4.Net Claims Incurred Ratio (D5/D3) 40.17% 43.47%
5.Underwriting profit to profit after tax. (D6/D8) 98.13% 112.09%
6.Investment income to net premium (D1/D3) 12.78% 3.81%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.06 4.25%
2. Investment to total assets (C3/C) 52.15% 0.57
H.Capital /leverage ratios
1.Capital ratio (A/C) 47.53% 47.99%
2.Break up value per share (A/E1) (Rs. per shar 16.56 16.74
I.Cash flow ratio
1.Cash generated from operating activities to pro 110.99% 123.26%

196

Financial Statement Analysis of Financial Sector

Excel Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 315,624 322,700
1.Share capital 300,000 300,000
2.Reserves - -
3.Un appropriated profit 15,624 22,700
4.Others 0-
B.Total liabilities (B1 to B3) 15,694 10,389
1.Balance of statutory funds 0-
2.Outstanding claims, adv., prem., due to other 12,084 8,628
3.Other/misc. liabilities 3,610 1,761
C.Total assets (C1 to C5) 331,318 333,089
1.Cash and balances with banks 5,030 34,872
2.Advances to policy holders & employees 0 472
3.Investments in securities & properties 312,253 284,854
4.Other/misc. assets 11,773 8,750
5.Fixed assets 2,262 4,141
D.Profit & loss account
1.Investment income 38,573 20,537
2.Gross premium 4,145 3,802
3.Net premium 2,391 359
4.Gross claims 830 1,744
5.Net claims 430 (3,907)
6.Underwriting profit (4,364) 927
7.Profit/(loss) before taxation 8,384 10,718
8.Profit/(loss) after taxation 4,842 7,076
E.Other items
1.No. of ordinary shares (000) 30,000 30,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (10,049) (12,799)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 1.53% 2.19%
2.Return on assets (ROA) (D8/C) 1.46% 2.12%
3.Earning per share (D8/E1) (rs. per share) 0.16 0.24
4.Net Claims Incurred Ratio (D5/D3) 17.98% -10.88
5.Underwriting profit to profit after tax. (D6/D8) -90.13% 0.13
6.Investment income to net premium (D1/D3) 1613.26% 5720.61%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 1.52% 10.47%
2. Investment to total assets (C3/C) 94.25% 85.52%
H.Capital /leverage ratios
1.Capital ratio (A/C) 95.26% 96.88%
2.Break up value per share (A/E1) (Rs. per shar 10.52 10.76
I.Cash flow ratio
1.Cash generated from operating activities to pro -207.54% -180.88%

197

Financial Statement Analysis of Financial Sector

Habib Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 1,160,047 1,134,208
1.Share capital 619,374 619,374
2.Reserves 254,122 264,122
3.Un appropriated profit 286,551 250,712
4.Others 0 384,738
B.Total liabilities (B1 to B3) 1,690,952 1,779,635
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 1,356,719 1,269,519
3.Other/misc. liabilities 334,233 510,116
C.Total assets (C1 to C5) 2,850,999 3,298,581
1.Cash and balances with banks 74,558 136,364
2.Advances to policy holders & employees 27,453 38,439
3.Investments in securities & properties 1,043,878 1,460,855
4.Other/misc. assets 1,691,417 1,638,494
5.Fixed assets 13,693 24,429
D.Profit & loss account
1.Investment income 256,869 199,615
2.Gross premium 1,009,255 1,123,213
3.Net premium 458,726 500,364
4.Gross claims 1,272,548 816,777
5.Net claims 221,537 221,739
6.Underwriting profit 86,838 117,940
7.Profit/(loss) before taxation 292,809 258,549
8.Profit/(loss) after taxation 260,008 226,867
E.Other items
1.No. of ordinary shares (000) 123,875 61,937
2.Cash dividend 0.40 0.35
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (196,907) (35,539)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 22.41% 0.20
2.Return on assets (ROA) (D8/C) 9.12% 6.88%
3.Earning per share (D8/E1) (rs. per share) 2.10 3.66
4.Net Claims Incurred Ratio (D5/D3) 48.29% 44.32%
5.Underwriting profit to profit after tax. (D6/D8) 0.33 51.99%
6.Investment income to net premium (D1/D3) 0.56 39.89%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 2.62% 4.13%
2. Investment to total assets (C3/C) 36.61% 44.29%
H.Capital /leverage ratios
1.Capital ratio (A/C) 40.69% 34.38%
2.Break up value per share (A/E1) (Rs. per shar 9.36 18.31
I.Cash flow ratio
1.Cash generated from operating activities to pro -75.73% -15.67%

198
 Financial Statement Analysis of Financial Sector
IGI General Insurance Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 11,579,146 12,260,735
1.Share capital 1,226,895 1,226,895
2.Reserves 8,470,780 8,102,711
3.Un appropriated profit 1,881,471 2,931,129
4.Others 0 0
B.Total liabilities (B1 to B3) 2,910,944 2,389,891
1.Balance of statutory funds - 0
2.Outstanding claims, adv., prem., due to other 1,638,710 1,698,799
3.Other/misc. liabilities 1,272,234 691,092
C.Total assets (C1 to C5) 14,490,090 14,650,626
1.Cash and balances with banks 315,199 367,174
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 12,323,907 12,515,647
4.Other/misc. assets 1,615,128 1,547,062
5.Fixed assets 235,856 220,743
D.Profit & loss account
1.Investment income 940,878 1,445,480
2.Gross premium 2,139,673 2,343,705
3.Net premium 1,044,933 1,121,949
4.Gross claims 1,051,471 1,074,221
5.Net claims 594,539 586,425
6.Underwriting profit 208,195 256,411
7.Profit/(loss) before taxation 942,101 1,531,753
8.Profit/(loss) after taxation 822,801 1,293,046
E.Other items
1.No. of ordinary shares (000) 122,690 122,690
2.Cash dividend 0.30 0.60
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 232 34,479
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 7.11% 10.55%
2.Return on assets (ROA) (D8/C) 5.68% 8.83%
3.Earning per share (D8/E1) (rs. per share) 6.71 10.54
4.Net Claims Incurred Ratio (D5/D3) 0.57 52.27%
5.Underwriting profit to profit after tax. (D6/D8) 0.25 19.83%
6.Investment income to net premium (D1/D3) 90.04% 128.84%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 2.18% 2.51%
2. Investment to total assets (C3/C) 85.05% 85.43%
H.Capital /leverage ratios
1.Capital ratio (A/C) 79.91% 83.69%
2.Break up value per share (A/E1) (Rs. per shar 94.38 99.93
I.Cash flow ratio
1.Cash generated from operating activities to pro 0.03% 2.67%

199

Financial Statement Analysis of Financial Sector

Jubilee General Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 5,422,877 5,906,404
1.Share capital 1,569,100 1,569,100
2.Reserves 2,749,723 3,188,811
3.Un appropriated profit 1,104,054 1,148,493
4.Others 0 0
B.Total liabilities (B1 to B3) 8,115,904 9,281,465
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 5,948,613 6,598,427
3.Other/misc. liabilities 2,167,291 2,683,038
C.Total assets (C1 to C5) 13,538,781 15,187,869
1.Cash and balances with banks 1,021,045 1,716,842
2.Advances to policy holders & employees 577 401
3.Investments in securities & properties 8,455,634 9,103,388
4.Other/misc. assets 3,923,244 4,202,611
5.Fixed assets 138,281 164,627
D.Profit & loss account
1.Investment income 803,088 1,052,195
2.Gross premium 6,961,247 7,978,750
3.Net premium 3,644,630 4,150,808
4.Gross claims 3,750,451 2,548,640
5.Net claims 2,082,704 2,174,381
6.Underwriting profit 275,147 467,724
7.Profit/(loss) before taxation 1,269,822 1,711,292
8.Profit/(loss) after taxation 1,079,119 1,352,650
E.Other items
1.No. of ordinary shares (000) 156,910 156,910
2.Cash dividend 0.40 0.45
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 405,313 926,444
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.20 0.23
2.Return on assets (ROA) (D8/C) 7.97% 8.91%
3.Earning per share (D8/E1) (rs. per share) 6.88 8.62
4.Net Claims Incurred Ratio (D5/D3) 57.14% 52.38%
5.Underwriting profit to profit after tax. (D6/D8) 0.26 34.58%
6.Investment income to net premium (D1/D3) 22.03% 25.35%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 7.54% 0.11
2. Investment to total assets (C3/C) 62.45% 59.94%
H.Capital /leverage ratios
1.Capital ratio (A/C) 40.05% 38.89%
2.Break up value per share (A/E1) (Rs. per shar 34.56 37.64
I.Cash flow ratio
1.Cash generated from operating activities to pro 37.56% 68.49%

200

Financial Statement Analysis of Financial Sector

New Hampshire Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 1,245,836 985,638
1.Share capital 1,245,836 985,638
2.Reserves 0 0
3.Un appropriated profit 0 0
4.Others 0 0
B.Total liabilities (B1 to B3) 2,358,949 2,234,055
1.Balance of statutory funds 0-
2.Outstanding claims, adv., prem., due to other 2,041,148 1,882,328
3.Other/misc. liabilities 317,801 351,727
C.Total assets (C1 to C5) 3,604,785 3,219,693
1.Cash and balances with banks 943,749 194,478
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 1,085,121 1,388,050
4.Other/misc. assets 1,542,250 1,604,707
5.Fixed assets 33,665 32,458
D.Profit & loss account
1.Investment income 262,150 158,131
2.Gross premium 1,796,561 1,467,479
3.Net premium 606,613 396,778
4.Gross claims 1,006,271 699,407
5.Net claims 418,815 265,045
6.Underwriting profit 185,248 132,960
7.Profit/(loss) before taxation 301,694 178,290
8.Profit/(loss) after taxation 212,022 117,945
E.Other items
1.No. of ordinary shares (000) 124,584 98,564
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (82,078) (240,314)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 17.02% 11.97%
2.Return on assets (ROA) (D8/C) 5.88% 3.66%
3.Earning per share (D8/E1) (rs. per share) 1.70 1.20
4.Net Claims Incurred Ratio (D5/D3) 69.04% 0.67
5.Underwriting profit to profit after tax. (D6/D8) 87.37% 112.73%
6.Investment income to net premium (D1/D3) 43.22% 39.85%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 26.18% 6.04%
2. Investment to total assets (C3/C) 0.30 43.11%
H.Capital /leverage ratios
1.Capital ratio (A/C) 34.56% 30.61%
2.Break up value per share (A/E1) (Rs. per shar 10.00 10.00
I.Cash flow ratio
1.Cash generated from operating activities to pro -38.71% -203.75%

201

Financial Statement Analysis of Financial Sector

Pakistan Reinsurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 6,987,412 6,938,525
1.Share capital 3,000,000 3,000,000
2.Reserves 2,058,419 2,058,419
3.Un appropriated profit 1,928,993 1,880,106
4.Others 0 0
B.Total liabilities (B1 to B3) 10,633,930 10,450,025
1.Balance of statutory funds 0-
2.Outstanding claims, adv., prem., due to other 9,384,677 7,204,328
3.Other/misc. liabilities 1,249,253 3,245,697
C.Total assets (C1 to C5) 17,621,342 17,388,550
1.Cash and balances with banks 3,081,370 3,284,965
2.Advances to policy holders & employees 80,688 71,080
3.Investments in securities & properties 6,683,902 6,349,826
4.Other/misc. assets 7,726,190 7,639,105
5.Fixed assets 49,192 43,574
D.Profit & loss account
1.Investment income 1,078,904 934,710
2.Gross premium 8,661,334 8,134,762
3.Net premium 4,783,923 5,218,942
4.Gross claims 3,648,047 4,324,539
5.Net claims 2,793,167 2,774,829
6.Underwriting profit 515,325 721,858
7.Profit/(loss) before taxation 1,564,705 1,772,274
8.Profit/(loss) after taxation 1,244,016 1,376,697
E.Other items
1.No. of ordinary shares (000) 300,000 300,000
2.Cash dividend 0.25 0.25
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 290,875 (369,421)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.18 19.84%
2.Return on assets (ROA) (D8/C) 7.06% 7.92%
3.Earning per share (D8/E1) (rs. per share) 4.15 4.59
4.Net Claims Incurred Ratio (D5/D3) 58.39% 53.17%
5.Underwriting profit to profit after tax. (D6/D8) 41.42% 52.43%
6.Investment income to net premium (D1/D3) 22.55% 17.91%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 17.49% 18.89%
2. Investment to total assets (C3/C) 37.93% 36.52%
H.Capital /leverage ratios
1.Capital ratio (A/C) 39.65% 0.40
2.Break up value per share (A/E1) (Rs. per shar 23.29 23.13
I.Cash flow ratio
1.Cash generated from operating activities to pro 23.38% -26.83%

202

Financial Statement Analysis of Financial Sector

PICIC Insurance Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 64,038 59,144
1.Share capital 350,000 350,000
2.Reserves 0 0
3.Un appropriated profit (285,962) (290,856)
4.Others 0 0
B.Total liabilities (B1 to B3) 853,146 548,040
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 756,079 505,824
3.Other/misc. liabilities 97,067 42,216
C.Total assets (C1 to C5) 917,184 607,184
1.Cash and balances with banks 41,433 30,412
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 75,572 53,701
4.Other/misc. assets 787,325 504,117
5.Fixed assets 12,854 18,954
D.Profit & loss account
1.Investment income 7,423 614
2.Gross premium 508,247 402,532
3.Net premium 292,698 220,426
4.Gross claims 266,073 228,179
5.Net claims 213,119 91,135
6.Underwriting profit (52,580) 71,445
7.Profit/(loss) before taxation (130,803) (9,476)
8.Profit/(loss) after taxation (130,962) (9,833)
E.Other items
1.No. of ordinary shares (000) 35,000 35,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (59,555) (26,479)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -204.51% -16.63%
2.Return on assets (ROA) (D8/C) -14.28% -1.62%
3.Earning per share (D8/E1) (rs. per share) -3.74 -0.28
4.Net Claims Incurred Ratio (D5/D3) 72.81% 41.34%
5.Underwriting profit to profit after tax. (D6/D8) 40.15% -726.58%
6.Investment income to net premium (D1/D3) 2.54% 0.28%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 4.52% 5.01%
2. Investment to total assets (C3/C) 8.24% 8.84%
H.Capital /leverage ratios
1.Capital ratio (A/C) 6.98% 9.74%
2.Break up value per share (A/E1) (Rs. per shar 1.83 1.69
I.Cash flow ratio
1.Cash generated from operating activities to pro 45.48% 269.29%

203

Financial Statement Analysis of Financial Sector

Premier Insurance Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 1,528,254 1,608,424
1.Share capital 302,821 348,244
2.Reserves 1,284,461 1,208,756
3.Un appropriated profit (59,028) 51,424
4.Others 0 0
B.Total liabilities (B1 to B3) 1,901,728 2,076,988
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 1,273,748 1,487,008
3.Other/misc. liabilities 627,980 589,980
C.Total assets (C1 to C5) 3,429,982 3,685,412
1.Cash and balances with banks 150,993 84,797
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 1,174,956 1,168,837
4.Other/misc. assets 1,859,385 2,192,116
5.Fixed assets 244,648 239,662
D.Profit & loss account
1.Investment income 145,734 140,295
2.Gross premium 1,355,682 1,405,907
3.Net premium 694,506 770,143
4.Gross claims 544,055 552,292
5.Net claims 347,120 363,668
6.Underwriting profit (9,072) 73,488
7.Profit/(loss) before taxation 40,513 123,424
8.Profit/(loss) after taxation 34,647 110,616
E.Other items
1.No. of ordinary shares (000) 30,282 34,824
2.Cash dividend 0.10 0.10
3.Stock dividend/bonus shares 0.15 0.20
4.Cash generated from operating activities (68,802) (148,135)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 2.27% 6.88%
2.Return on assets (ROA) (D8/C) 1.01% 0.03
3.Earning per share (D8/E1) (rs. per share) 1.14 3.18
4.Net Claims Incurred Ratio (D5/D3) 49.98% 47.22%
5.Underwriting profit to profit after tax. (D6/D8) -26.18% 66.44%
6.Investment income to net premium (D1/D3) 20.98% 18.22%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.04 0.02
2. Investment to total assets (C3/C) 34.26% 31.72%
H.Capital /leverage ratios
1.Capital ratio (A/C) 44.56% 43.64%
2.Break up value per share (A/E1) (Rs. per shar 50.47 46.19
I.Cash flow ratio
1.Cash generated from operating activities to pro -198.58% -133.92%

204

Financial Statement Analysis of Financial Sector

Reliance Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 725,219 786,035
1.Share capital 403,459 463,978
2.Reserves 180,000 200,000
3.Un appropriated profit 141,760 122,057
4.Others 0 0
B.Total liabilities (B1 to B3) 870,725 980,526
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 772,409 875,934
3.Other/misc. liabilities 98,316 104,592
C.Total assets (C1 to C5) 1,595,944 1,766,561
1.Cash and balances with banks 104,499 133,927
2.Advances to policy holders & employees 1,534 1,418
3.Investments in securities & properties 584,868 653,670
4.Other/misc. assets 823,391 896,803
5.Fixed assets 81,652 80,743
D.Profit & loss account
1.Investment income 96,216 86,693
2.Gross premium 1,028,136 1,114,396
3.Net premium 295,757 316,423
4.Gross claims 292,354 277,775
5.Net claims 94,300 89,862
6.Underwriting profit 39,447 49,220
7.Profit/(loss) before taxation 96,540 90,788
8.Profit/(loss) after taxation 90,140 80,989
E.Other items
1.No. of ordinary shares (000) 40,346 46,398
2.Cash dividend 0.05 0.05
3.Stock dividend/bonus shares 0.15 0.10
4.Cash generated from operating activities 23,354 40,013
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 12.43% 0.10
2.Return on assets (ROA) (D8/C) 5.65% 4.58%
3.Earning per share (D8/E1) (rs. per share) 2.23 1.75
4.Net Claims Incurred Ratio (D5/D3) 31.88% 0.28
5.Underwriting profit to profit after tax. (D6/D8) 43.76% 60.77%
6.Investment income to net premium (D1/D3) 32.53% 0.27
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 6.55% 7.58%
2. Investment to total assets (C3/C) 36.65% 0.37
H.Capital /leverage ratios
1.Capital ratio (A/C) 45.44% 0.45
2.Break up value per share (A/E1) (Rs. per shar 17.98 16.94
I.Cash flow ratio
1.Cash generated from operating activities to pro 25.91% 49.41%

205
 Financial Statement Analysis of Financial Sector
SPI Insurance Company Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 328,529 397,217
1.Share capital 325,000 325,000
2.Reserves 0 0
3.Un appropriated profit 3,529 72,217
4.Others 0 0
B.Total liabilities (B1 to B3) 328,361 449,702
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 299,234 308,113
3.Other/misc. liabilities 29,127 141,589
C.Total assets (C1 to C5) 656,890 846,919
1.Cash and balances with banks 62,957 83,550
2.Advances to policy holders & employees 1,863 1,159
3.Investments in securities & properties 67,130 92,148
4.Other/misc. assets 477,442 353,976
5.Fixed assets 47,498 316,086
D.Profit & loss account
1.Investment income 12,374 10,173
2.Gross premium 510,961 599,620
3.Net premium 404,126 488,368
4.Gross claims 166,700 200,896
5.Net claims 122,799 144,754
6.Underwriting profit 110,249 150,052
7.Profit/(loss) before taxation 72,334 98,951
8.Profit/(loss) after taxation 40,337 72,097
E.Other items
1.No. of ordinary shares (000) 32,500 32,500
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 21,305 80,059
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 12.28% 18.15%
2.Return on assets (ROA) (D8/C) 6.14% 8.51%
3.Earning per share (D8/E1) (rs. per share) 1.24 2.22
4.Net Claims Incurred Ratio (D5/D3) 30.39% 29.64%
5.Underwriting profit to profit after tax. (D6/D8) 273.32% 208.13%
6.Investment income to net premium (D1/D3) 3.06% 2.08%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 9.58% 9.87%
2. Investment to total assets (C3/C) 10.22% 10.88%
H.Capital /leverage ratios
1.Capital ratio (A/C) 50.01% 0.47
2.Break up value per share (A/E1) (Rs. per shar 10.11 12.22
I.Cash flow ratio
1.Cash generated from operating activities to pro 52.82% 111.04%

206

Financial Statement Analysis of Financial Sector

Security General Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 8,494,688 9,105,167
1.Share capital 680,625 680,625
2.Reserves 2,000 2,000
3.Un appropriated profit 7,812,063 8,422,542
4.Others 0 0
B.Total liabilities (B1 to B3) 2,538,414 2,898,883
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 2,215,913 2,557,633
3.Other/misc. liabilities 322,501 341,250
C.Total assets (C1 to C5) 11,033,102 12,004,050
1.Cash and balances with banks 836,804 348,585
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 7,535,303 8,347,692
4.Other/misc. assets 2,540,852 3,200,299
5.Fixed assets 120,143 107,474
D.Profit & loss account
1.Investment income 798,818 996,486
2.Gross premium 1,815,744 1,850,686
3.Net premium 524,073 441,230
4.Gross claims 723,250 1,274,538
5.Net claims 231,652 124,531
6.Underwriting profit 174,156 199,759
7.Profit/(loss) before taxation 971,395 1,094,214
8.Profit/(loss) after taxation 897,035 913,773
E.Other items
1.No. of ordinary shares (000) 68,063 68,063
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (112,456) (478,065)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 10.56% 10.04%
2.Return on assets (ROA) (D8/C) 8.13% 7.61%
3.Earning per share (D8/E1) (rs. per share) 13.18 13.43
4.Net Claims Incurred Ratio (D5/D3) 0.44 28.22%
5.Underwriting profit to profit after tax. (D6/D8) 19.41% 21.86%
6.Investment income to net premium (D1/D3) 152.42% 225.84%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 7.58% 0.03
2. Investment to total assets (C3/C) 0.68 69.54%
H.Capital /leverage ratios
1.Capital ratio (A/C) 76.99% 75.85%
2.Break up value per share (A/E1) (Rs. per shar 124.81 133.78
I.Cash flow ratio
1.Cash generated from operating activities to pro -12.54% -52.32%

207

Financial Statement Analysis of Financial Sector

Sindh Insurance Limited
Items 2014 2015
A.Total equity (A1 to A3) 532,025 599,344
1.Share capital 500,000 500,000
2.Reserves 0 0
3.Un appropriated profit 32,025 99,344
4.Others 0 0
B.Total liabilities (B1 to B3) 11,765 77,429
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 5,165 67,508
3.Other/misc. liabilities 6,600 9,921
C.Total assets (C1 to C5) 543,790 676,773
1.Cash and balances with banks 135,337 53,337
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 355,227 526,310
4.Other/misc. assets 27,849 69,051
5.Fixed assets 25,377 28,075
D.Profit & loss account
1.Investment income 61,317 115,154
2.Gross premium 2,320 73,995
3.Net premium (458) 20,508
4.Gross claims 0 0
5.Net claims 116 13,255
6.Underwriting profit (2,289) (15,785)
7.Profit/(loss) before taxation 47,799 97,163
8.Profit/(loss) after taxation 32,025 67,319
E.Other items
1.No. of ordinary shares (000) 50,000 50,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (24,051) (39,940)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 6.02% 11.23%
2.Return on assets (ROA) (D8/C) 5.89% 9.95%
3.Earning per share (D8/E1) (rs. per share) 0.64 1.35
4.Net Claims Incurred Ratio (D5/D3) -25.33% 64.63%
5.Underwriting profit to profit after tax. (D6/D8) -7.15% -23.45%
6.Investment income to net premium (D1/D3) -13387.99% 561.51%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 24.89% 7.88%
2. Investment to total assets (C3/C) 65.32% 77.77%
H.Capital /leverage ratios
1.Capital ratio (A/C) 97.84% 88.56%
2.Break up value per share (A/E1) (Rs. per shar 10.64 11.99
I.Cash flow ratio
1.Cash generated from operating activities to pro -0.75 -59.33%

208

Financial Statement Analysis of Financial Sector

Shaheen Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 340,083 366,268
1.Share capital 450,000 450,000
2.Reserves 20,000 20,000
3.Un appropriated profit (129,917) (103,732)
4.Others 0 0
B.Total liabilities (B1 to B3) 446,674 414,636
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 358,287 342,416
3.Other/misc. liabilities 88,387 72,220
C.Total assets (C1 to C5) 786,757 780,904
1.Cash and balances with banks 230,399 174,423
2.Advances to policy holders & employees 54 3
3.Investments in securities & properties 297,609 302,815
4.Other/misc. assets 213,499 255,006
5.Fixed assets 45,196 48,657
D.Profit & loss account
1.Investment income 15,897 16,306
2.Gross premium 284,183 308,988
3.Net premium 229,621 225,225
4.Gross claims 147,454 229,852
5.Net claims 73,395 100,355
6.Underwriting profit 67,626 43,318
7.Profit/(loss) before taxation 11,817 5,723
8.Profit/(loss) after taxation 12,962 26,184
E.Other items
1.No. of ordinary shares (000) 45,000 45,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (11,741) (31,447)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 3.81% 7.15%
2.Return on assets (ROA) (D8/C) 1.65% 3.35%
3.Earning per share (D8/E1) (rs. per share) 0.29 0.58
4.Net Claims Incurred Ratio (D5/D3) 31.96% 44.56%
5.Underwriting profit to profit after tax. (D6/D8) 521.73% 165.44%
6.Investment income to net premium (D1/D3) 6.92% 7.24%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 29.28% 22.34%
2. Investment to total assets (C3/C) 37.83% 38.78%
H.Capital /leverage ratios
1.Capital ratio (A/C) 43.23% 0.47
2.Break up value per share (A/E1) (Rs. per shar 7.56 8.14
I.Cash flow ratio
1.Cash generated from operating activities to pro -90.58% -1.20

209

Financial Statement Analysis of Financial Sector

TPL Insurance Company Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 464,758 939,557
1.Share capital 460,000 755,159
2.Reserves (7,687) 138,676
3.Un appropriated profit 12,445 45,722
4.Others 0 1,628
B.Total liabilities (B1 to B3) 804,988 929,401
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 705,341 706,793
3.Other/misc. liabilities 99,647 222,608
C.Total assets (C1 to C5) 1,269,746 1,870,586
1.Cash and balances with banks 8,949 16,647
2.Advances to policy holders & employees 628 785
3.Investments in securities & properties 49,941 726,978
4.Other/misc. assets 896,685 742,434
5.Fixed assets 313,543 383,742
D.Profit & loss account
1.Investment income 13,773 9,840
2.Gross premium 1,220,805 1,171,256
3.Net premium 1,048,241 1,131,293
4.Gross claims 707,390 717,882
5.Net claims 527,030 531,771
6.Underwriting profit 77,805 54,879
7.Profit/(loss) before taxation 38,952 45,621
8.Profit/(loss) after taxation 25,930 33,278
E.Other items
1.No. of ordinary shares (000) 46,000 75,516
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 163,392 178,931
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 5.58% 3.54%
2.Return on assets (ROA) (D8/C) 2.04% 1.78%
3.Earning per share (D8/E1) (rs. per share) 0.56 0.44
4.Net Claims Incurred Ratio (D5/D3) 50.28% 47.01%
5.Underwriting profit to profit after tax. (D6/D8) 300.06% 164.91%
6.Investment income to net premium (D1/D3) 1.31% 0.87%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.01 0.89%
2. Investment to total assets (C3/C) 3.93% 38.86%
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.37 50.23%
2.Break up value per share (A/E1) (Rs. per shar 10.10 12.44
I.Cash flow ratio
1.Cash generated from operating activities to pro 630.13% 537.69%

210

Financial Statement Analysis of Financial Sector

The Cooperative Insurance Society of Pakistan Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 317,509 518,426
1.Share capital 300,000 500,000
2.Reserves 8,299 8,529
3.Un appropriated profit 9,210 9,897
4.Others 1,672,018 1,679,912
B.Total liabilities (B1 to B3) 19,645 27,367
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 2,898 4,385
3.Other/misc. liabilities 16,747 22,982
C.Total assets (C1 to C5) 2,009,172 2,225,705
1.Cash and balances with banks 10,534 12,417
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 7,505 7,505
4.Other/misc. assets 3,035 4,113
5.Fixed assets 1,988,098 2,201,670
D.Profit & loss account
1.Investment income 3,769 5,095
2.Gross premium 2,875 6,624
3.Net premium 2,212 4,082
4.Gross claims 455 949
5.Net claims 316 470
6.Underwriting profit (2,863) (4,150)
7.Profit/(loss) before taxation 1,620 606
8.Profit/(loss) after taxation 1,286 916
E.Other items
1.No. of ordinary shares (000) 30,000 30,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (9,029) (8,419)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.41% 0.18%
2.Return on assets (ROA) (D8/C) 0.06% 0.04%
3.Earning per share (D8/E1) (rs. per share) 0.04 0.03
4.Net Claims Incurred Ratio (D5/D3) 14.29% 11.51%
5.Underwriting profit to profit after tax. (D6/D8) -222.63% -453.06%
6.Investment income to net premium (D1/D3) 170.39% 124.82%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.52% 0.56%
2. Investment to total assets (C3/C) 0.37% 0.34%
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.16 23.29%
2.Break up value per share (A/E1) (Rs. per shar 10.58 17.28
I.Cash flow ratio
1.Cash generated from operating activities to pro -7.02 -9.19

211
 Financial Statement Analysis of Financial Sector
The Pakistan General Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 571,861 564,858
1.Share capital 375,000 400,013
2.Reserves 140,000 114,987
3.Un appropriated profit 56,861 49,858
4.Others 9,854 11,638
B.Total liabilities (B1 to B3) 311,806 403,088
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 268,278 354,854
3.Other/misc. liabilities 43,528 48,234
C.Total assets (C1 to C5) 893,521 979,584
1.Cash and balances with banks 329,262 39,397
2.Advances to policy holders & employees 224 4,401
3.Investments in securities & properties 154,199 339,076
4.Other/misc. assets 312,450 498,363
5.Fixed assets 97,386 98,347
D.Profit & loss account
1.Investment income 22,159 23,718
2.Gross premium 412,925 457,540
3.Net premium 224,004 264,591
4.Gross claims 226,746 254,203
5.Net claims 122,479 128,632
6.Underwriting profit 58,653 62,566
7.Profit/(loss) before taxation 49,739 69,308
8.Profit/(loss) after taxation 44,842 66,640
E.Other items
1.No. of ordinary shares (000) 37,500 40,001
2.Cash dividend 0.00 0.08
3.Stock dividend/bonus shares 6.67% 0.00
4.Cash generated from operating activities 97,064 (143,942)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 7.84% 0.12
2.Return on assets (ROA) (D8/C) 5.02% 0.07
3.Earning per share (D8/E1) (rs. per share) 1.20 1.67
4.Net Claims Incurred Ratio (D5/D3) 54.68% 48.62%
5.Underwriting profit to profit after tax. (D6/D8) 1.31 93.89%
6.Investment income to net premium (D1/D3) 9.89% 8.96%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 36.85% 4.02%
2. Investment to total assets (C3/C) 17.26% 34.61%
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.64 57.66%
2.Break up value per share (A/E1) (Rs. per shar 15.25 14.12
I.Cash flow ratio
1.Cash generated from operating activities to pro 216.46% -2.16
 212

Financial Statement Analysis of Financial Sector

The United Insurance Co. of Pakistan Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 1,645,023 2,245,720
1.Share capital 920,000 1,288,000
2.Reserves 75,116 68,124
3.Un appropriated profit 649,907 889,596
4.Others 40,098 39,235
B.Total liabilities (B1 to B3) 3,135,041 2,774,469
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 2,795,344 2,302,890
3.Other/misc. liabilities 339,697 471,579
C.Total assets (C1 to C5) 4,820,162 5,059,424
1.Cash and balances with banks 593,771 324,822
2.Advances to policy holders & employees 10,407 14,546
3.Investments in securities & properties 645,631 651,524
4.Other/misc. assets 2,941,927 3,364,633
5.Fixed assets 628,426 703,899
D.Profit & loss account
1.Investment income 63,404 60,729
2.Gross premium 2,598,471 3,062,158
3.Net premium 1,536,703 2,151,784
4.Gross claims 1,740,163 1,376,246
5.Net claims 419,432 742,329
6.Underwriting profit 629,074 779,657
7.Profit/(loss) before taxation 507,936 679,588
8.Profit/(loss) after taxation 460,887 620,026
E.Other items
1.No. of ordinary shares (000) 92,000 128,800
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.40 0.40
4.Cash generated from operating activities 449,003 324,579
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 28.02% 27.61%
2.Return on assets (ROA) (D8/C) 9.56% 12.25%
3.Earning per share (D8/E1) (rs. per share) 5.01 4.81
4.Net Claims Incurred Ratio (D5/D3) 27.29% 0.35
5.Underwriting profit to profit after tax. (D6/D8) 136.49% 125.75%
6.Investment income to net premium (D1/D3) 4.13% 2.82%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 12.32% 6.42%
2. Investment to total assets (C3/C) 13.39% 12.88%
H.Capital /leverage ratios
1.Capital ratio (A/C) 34.13% 44.39%
2.Break up value per share (A/E1) (Rs. per shar 17.88 17.44
I.Cash flow ratio
1.Cash generated from operating activities to pro 97.42% 52.35%

213

Financial Statement Analysis of Financial Sector

The Universal Insurance Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 117,635 310,911
1.Share capital 370,000 416,180
2.Reserves 14,489 28,309
3.Un appropriated profit (266,854) (133,578)
4.Others 242,578 242,501
B.Total liabilities (B1 to B3) 486,546 230,258
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 370,065 163,659
3.Other/misc. liabilities 116,481 66,599
C.Total assets (C1 to C5) 846,759 783,670
1.Cash and balances with banks 122,232 108,193
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 157,447 187,286
4.Other/misc. assets 375,495 303,855
5.Fixed assets 191,585 184,336
D.Profit & loss account
1.Investment income 4,766 4,816
2.Gross premium 67,977 44,801
3.Net premium 34,994 27,991
4.Gross claims (25,324) 102,858
5.Net claims 2,205 (56,152)
6.Underwriting profit 329 82,724
7.Profit/(loss) before taxation (41,023) 130,739
8.Profit/(loss) after taxation (45,839) 129,717
E.Other items
1.No. of ordinary shares (000) 37,000 41,618
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (85,276) (77,561)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -38.97% 41.72%
2.Return on assets (ROA) (D8/C) -5.41% 16.55%
3.Earning per share (D8/E1) (rs. per share) -1.24 3.12
4.Net Claims Incurred Ratio (D5/D3) 0.06 -200.61%
5.Underwriting profit to profit after tax. (D6/D8) -0.72% 63.77%
6.Investment income to net premium (D1/D3) 13.62% 17.21%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 14.44% 13.81%
2. Investment to total assets (C3/C) 18.59% 0.24
H.Capital /leverage ratios
1.Capital ratio (A/C) 13.89% 39.67%
2.Break up value per share (A/E1) (Rs. per shar 3.18 7.47
I.Cash flow ratio
1.Cash generated from operating activities to pro 186.03% -59.79%

214

Financial Statement Analysis of Financial Sector

UBL Insurers Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 753,053 863,356
1.Share capital 800,000 800,000
2.Reserves 0 11,485
3.Un appropriated profit (46,947) 51,871
4.Others 0 0
B.Total liabilities (B1 to B3) 1,329,727 1,802,043
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 1,191,718 1,595,374
3.Other/misc. liabilities 138,009 206,669
C.Total assets (C1 to C5) 2,082,780 2,665,399
1.Cash and balances with banks 183,317 77,807
2.Advances to policy holders & employees 1,008 1,303
3.Investments in securities & properties 509,285 847,379
4.Other/misc. assets 1,331,661 1,662,266
5.Fixed assets 57,509 76,644
D.Profit & loss account
1.Investment income 74,611 88,198
2.Gross premium 1,114,520 1,600,476
3.Net premium 385,189 534,555
4.Gross claims 517,125 469,382
5.Net claims 176,738 203,788
6.Underwriting profit 104,713 148,329
7.Profit/(loss) before taxation 101,779 147,078
8.Profit/(loss) after taxation 59,826 99,507
E.Other items
1.No. of ordinary shares (000) 80,000 80,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 47,207 186,333
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 7.94% 11.53%
2.Return on assets (ROA) (D8/C) 2.87% 3.73%
3.Earning per share (D8/E1) (rs. per share) 0.75 1.24
4.Net Claims Incurred Ratio (D5/D3) 45.88% 38.12%
5.Underwriting profit to profit after tax. (D6/D8) 175.03% 149.06%
6.Investment income to net premium (D1/D3) 19.37% 0.17
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.09 2.92%
2. Investment to total assets (C3/C) 24.45% 31.79%
H.Capital /leverage ratios
1.Capital ratio (A/C) 36.16% 32.39%
2.Break up value per share (A/E1) (Rs. per shar 9.41 10.79
I.Cash flow ratio
1.Cash generated from operating activities to pro 78.91% 187.26%

215

Financial Statement Analysis of Financial Sector

Takaful Companies - Overall
Items 2014 2015
A.Total equity (A1 to A3) 1,542,324 1,724,480
1.Share capital 2,643,377 2,681,972
2.Reserves 154,581 (288,138)
3.Un appropriated profit (1,255,634) (669,354)
4.Others (10,801) (130,872)
B.Total liabilities (B1 to B3) 11,335,319 14,759,946
1.Balance of statutory funds 8,830,253 12,646,105
2.Outstanding claims, adv., prem., due to other 1,641,581 1,395,187
3.Other/misc. liabilities 863,485 718,654
C.Total assets (C1 to C5) 12,866,842 16,353,554
1.Cash and balances with banks 4,905,641 10,101,405
2.Advances to policy holders & employees 2,108 1,099
3.Investments in securities & properties 5,420,530 4,130,996
4.Other/misc. assets 2,280,257 1,881,234
5.Fixed assets 258,306 238,820
D.Profit & loss account
1.Investment income 93,645 92,308
2.Gross premium 8,058,291 9,325,382
3.Net premium 2,087,827 2,271,183
4.Gross claims 2,913,540 2,893,042
5.Net claims 1,449,574 1,407,500
6.Underwriting profit 148,116 (16,387)
7.Profit/(loss) before taxation 53,881 (308,665)
8.Profit/(loss) after taxation 17,628 (378,068)
E.Other items
1.No. of ordinary shares (000) 264,338 268,197
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 1,664,495 2,912,229
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 1.14% -21.92%
2.Return on assets (ROA) (D8/C) 0.14% -2.31%
3.Earning per share (D8/E1) (rs. per share) 0.07 -1.41
4.Net Claims Incurred Ratio (D5/D3) 69.43% 61.97%
5.Underwriting profit to profit after tax. (D6/D8) 840.23% 4.33%
6.Investment income to net premium (D1/D3) 4.49% 4.06%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 38.13% 61.77%
2. Investment to total assets (C3/C) 42.13% 25.26%
H.Capital /leverage ratios
1.Capital ratio (A/C) 11.99% 10.54%
2.Break up value per share (A/E1) (Rs. per shar 5.83 6.43
I.Cash flow ratio
1.Cash generated from operating activities to pro 9442.34% -770.29%

216

Financial Statement Analysis of Financial Sector

Dawood Family Takaful Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 447,389 396,304
1.Share capital 750,000 750,000
2.Reserves 0 0
3.Un appropriated profit (302,611) (353,696)
4.Others (90) (3,475)
B.Total liabilities (B1 to B3) 1,312,873 1,905,684
1.Balance of statutory funds 1,155,203 1,749,274
2.Outstanding claims, adv., prem., due to other 97,541 95,531
3.Other/misc. liabilities 60,129 60,879
C.Total assets (C1 to C5) 1,760,172 2,298,513
1.Cash and balances with banks 984,543 1,432,844
2.Advances to policy holders & employees 1,688 928
3.Investments in securities & properties 468,367 569,279
4.Other/misc. assets 260,213 251,739
5.Fixed assets 45,361 43,723
D.Profit & loss account
1.Investment income 25,226 23,454
2.Gross premium 836,806 1,039,847
3.Net premium 475,609 515,106
4.Gross claims 61,744 61,576
5.Net claims 28,715 31,417
6.Underwriting profit 0 0
7.Profit/(loss) before taxation (39,266) (37,844)
8.Profit/(loss) after taxation (24,306) (51,085)
E.Other items
1.No. of ordinary shares (000) 75,000 75,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 269,796 422,269
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -5.43% -12.89%
2.Return on assets (ROA) (D8/C) -1.38% -2.22%
3.Earning per share (D8/E1) (rs. per share) -0.32 -0.68
4.Net Claims Incurred Ratio (D5/D3) 6.04% 0.06
5.Underwriting profit to profit after tax. (D6/D8) 0.00 0.00
6.Investment income to net premium (D1/D3) 0.05 4.55%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 55.93% 62.34%
2. Investment to total assets (C3/C) 26.61% 24.77%
H.Capital /leverage ratios
1.Capital ratio (A/C) 25.42% 17.24%
2.Break up value per share (A/E1) (Rs. per shar 5.97 5.28
I.Cash flow ratio
1.Cash generated from operating activities to pro -11.10 -8.27

217

Financial Statement Analysis of Financial Sector

Pak Qatar Family Takaful Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 440,052 596,895
1.Share capital 710,629 710,629
2.Reserves 0 0
3.Un appropriated profit (270,577) (113,734)
4.Others 0 0
B.Total liabilities (B1 to B3) 8,152,697 11,502,026
1.Balance of statutory funds 7,675,050 10,896,831
2.Outstanding claims, adv., prem., due to other 365,311 461,414
3.Other/misc. liabilities 112,336 143,781
C.Total assets (C1 to C5) 8,592,749 12,098,921
1.Cash and balances with banks 3,226,513 7,956,094
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 4,583,821 3,215,225
4.Other/misc. assets 647,815 804,071
5.Fixed assets 134,600 123,531
D.Profit & loss account
1.Investment income 39,878 40,642
2.Gross premium 5,076,717 6,721,214
3.Net premium 706,205 917,351
4.Gross claims 1,477,670 1,883,376
5.Net claims 412,416 580,444
6.Underwriting profit 0 0
7.Profit/(loss) before taxation 56,146 133,853
8.Profit/(loss) after taxation 29,498 84,045
E.Other items
1.No. of ordinary shares (000) 71,063 71,063
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,645,666 2,631,792
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.07 14.08%
2.Return on assets (ROA) (D8/C) 0.34% 0.69%
3.Earning per share (D8/E1) (rs. per share) 0.42 1.18
4.Net Claims Incurred Ratio (D5/D3) 0.58 63.27%
5.Underwriting profit to profit after tax. (D6/D8) 0.00 0.00
6.Investment income to net premium (D1/D3) 5.65% 4.43%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 37.55% 65.76%
2. Investment to total assets (C3/C) 53.35% 26.57%
H.Capital /leverage ratios
1.Capital ratio (A/C) 5.12% 4.93%
2.Break up value per share (A/E1) (Rs. per shar 6.19 8.40
I.Cash flow ratio
1.Cash generated from operating activities to pro 5578.91% 3131.41%

218
 Financial Statement Analysis of Financial Sector
Pak Kuwait Takaful Co. Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 20,950 26,424
1.Share capital 450,000 450,000
2.Reserves 154,581 (288,138)
3.Un appropriated profit (583,631) (135,438)
4.Others 500 500
B.Total liabilities (B1 to B3) 799,875 446,624
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 605,353 363,227
3.Other/misc. liabilities 194,522 83,397
C.Total assets (C1 to C5) 821,325 473,548
1.Cash and balances with banks 228,128 124,990
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 68,642 53,968
4.Other/misc. assets 502,155 275,933
5.Fixed assets 22,400 18,657
D.Profit & loss account
1.Investment income 1,589 623
2.Gross premium 868,016 529,044
3.Net premium 230,363 202,998
4.Gross claims 589,462 382,836
5.Net claims 372,172 248,849
6.Underwriting profit 169,693 4,203
7.Profit/(loss) before taxation (6,138) (446,164)
8.Profit/(loss) after taxation (14,723) (444,295)
E.Other items
1.No. of ordinary shares (000) 45,000 45,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (81,490) (134,149)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -70.28% -1681.41%
2.Return on assets (ROA) (D8/C) -1.79% -93.82%
3.Earning per share (D8/E1) (rs. per share) -0.33 -9.87
4.Net Claims Incurred Ratio (D5/D3) 161.56% 122.59%
5.Underwriting profit to profit after tax. (D6/D8) -1152.57% -0.95%
6.Investment income to net premium (D1/D3) 0.69% 0.31%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 27.78% 26.39%
2. Investment to total assets (C3/C) 8.36% 0.11
H.Capital /leverage ratios
1.Capital ratio (A/C) 2.55% 5.58%
2.Break up value per share (A/E1) (Rs. per shar 0.47 0.59
I.Cash flow ratio
1.Cash generated from operating activities to pro 553.49% 30.19%

219

Financial Statement Analysis of Financial Sector

Pak Qatar General Takaful Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 470,811 512,248
1.Share capital 432,748 471,343
2.Reserves 0 0
3.Un appropriated profit 38,063 40,905
4.Others 0 (107,658)
B.Total liabilities (B1 to B3) 644,609 500,539
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 299,262 175,331
3.Other/misc. liabilities 345,347 325,208
C.Total assets (C1 to C5) 1,115,420 905,129
1.Cash and balances with banks 179,177 259,723
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 264,175 224,555
4.Other/misc. assets 629,806 378,176
5.Fixed assets 42,262 42,675
D.Profit & loss account
1.Investment income 11,554 14,295
2.Gross premium 1,002,402 701,709
3.Net premium 506,242 373,518
4.Gross claims 633,247 417,784
5.Net claims 542,285 412,734
6.Underwriting profit 6,192 6,573
7.Profit/(loss) before taxation 32,169 7,786
8.Profit/(loss) after taxation 18,527 2,841
E.Other items
1.No. of ordinary shares (000) 43,275 47,134
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (161,584) (52,325)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 3.94% 0.55%
2.Return on assets (ROA) (D8/C) 1.66% 0.31%
3.Earning per share (D8/E1) (rs. per share) 0.43 0.06
4.Net Claims Incurred Ratio (D5/D3) 107.12% 1.11
5.Underwriting profit to profit after tax. (D6/D8) 33.42% 231.36%
6.Investment income to net premium (D1/D3) 2.28% 3.83%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 16.06% 28.69%
2. Investment to total assets (C3/C) 23.68% 24.81%
H.Capital /leverage ratios
1.Capital ratio (A/C) 42.21% 56.59%
2.Break up value per share (A/E1) (Rs. per shar 10.88 10.87
I.Cash flow ratio
1.Cash generated from operating activities to pro -872.15% -1841.78%

220

Financial Statement Analysis of Financial Sector

Takaful Pakistan Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 163,122 192,609
1.Share capital 300,000 300,000
2.Reserves 0 0
3.Un appropriated profit (136,878) (107,391)
4.Others (11,211) (20,239)
B.Total liabilities (B1 to B3) 425,265 405,073
1.Balance of statutory funds 0 0
2.Outstanding claims, adv., prem., due to other 274,114 299,684
3.Other/misc. liabilities 151,151 105,389
C.Total assets (C1 to C5) 577,176 577,443
1.Cash and balances with banks 287,280 327,754
2.Advances to policy holders & employees 420 171
3.Investments in securities & properties 35,525 67,969
4.Other/misc. assets 240,268 171,315
5.Fixed assets 13,683 10,234
D.Profit & loss account
1.Investment income 15,398 13,294
2.Gross premium 274,350 333,568
3.Net premium 169,408 262,210
4.Gross claims 151,417 147,470
5.Net claims 93,986 134,056
6.Underwriting profit (27,769) (27,163)
7.Profit/(loss) before taxation 10,970 33,704
8.Profit/(loss) after taxation 8,632 30,426
E.Other items
1.No. of ordinary shares (000) 30,000 30,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (7,893) 44,642
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 5.29% 0.16
2.Return on assets (ROA) (D8/C) 0.02 5.27%
3.Earning per share (D8/E1) (rs. per share) 0.29 1.01
4.Net Claims Incurred Ratio (D5/D3) 55.48% 51.13%
5.Underwriting profit to profit after tax. (D6/D8) -3.22 -89.28%
6.Investment income to net premium (D1/D3) 9.09% 5.07%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 49.77% 56.76%
2. Investment to total assets (C3/C) 6.15% 11.77%
H.Capital /leverage ratios
1.Capital ratio (A/C) 28.26% 33.36%
2.Break up value per share (A/E1) (Rs. per shar 5.44 6.42
I.Cash flow ratio
1.Cash generated from operating activities to pro -91.44% 146.72%

Housing Finance Companies - Overall

Items 2014 2015
A.Total equity (A1 to A3) 1,880,297 (1,075,035)
1.Share capital 3,001,000 3,001,000
2.Statutry reserves 743,439 713,662
3.Accumulated profit (loss) (1,864,142) (4,789,697)
4.Others 344,102 320,274
B.Total liabilities (B1 + B2) 19,208,274 21,437,212
1.Current liabilities 19,208,274 21,437,212
2.Non-current liabilities (a + b) 0 0
a.Lease finance 0 0
b.Long term finance 0 0
C.Total assets (C1 + C2) 21,432,673 20,682,451
1.Current assets (a + b) 21,070,101 190,014
a.Cash & bank balances 314,661 82,376
b.Other current assets 20,755,440 107,638
2.Non-current assets (a + b) 362,572 20,492,437
a.Investment in housing finance 0 0
b.Other assets 362,572 20,492,437
D.Profit & loss account
1.Revenue 2,644,721 2,509,819
2.Admin. & general expense 1,994,239 1,703,525
3.Profit/(loss) before taxation 304,835 (728,705)
4.Profit/(loss) after taxation 152,169 (851,960)
E.Other items
1.No. of ordinary shares (000) 300,100 300,100
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities (1,001,618) 405,834
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 8.09% 79.25%
2.Return on capital employed (ROCE) (D4/C-B1 6.84% 112.88%
3.Return on assets (ROA) (D4/C) 0.71% -4.12%
4.Admin. expense to profit before tax. (D2/D3) ( 6.54 -2.34
5.Earning per share (D4/E1) 0.51 -2.84
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 1.47% 0.00
2.Current assets to current liabilities (C1/B1) (t 1.10 0.01
3.Total liabilities to total assets (B/C) (times) 0.90 1.04
4.Investment to total assets (C2a/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 8.77% -0.05
2.Break up value per share (A/E1) 6.27 -3.58
I.Cash flow ratio
1.Cash generated. from operating activities to pr -6.58 -0.48
2.Cash generated from operating activities to cur -0.05 0.02

224

Financial Statement Analysis of Financial Sector

HOUSE BUILDING FINANCE COMPANY LTD.
Items 2014 2015
A.Total equity (A1 to A3) 1,880,297 (1,075,035)
1.Share capital 3,001,000 3,001,000
2.Statutry reserves 743,439 713,662
3.Accumulated profit (loss) (1,864,142) (4,789,697)
4.Others 344,102 320,274
B.Total liabilities (B1 + B2) 19,208,274 21,437,212
1.Current liabilities 19,208,274 21,437,212
2.Non-current liabilities (a + b) 0 0
a.Lease finance 0 0
b.Long term finance 0 0
C.Total assets (C1 + C2) 21,432,673 20,682,451
1.Current assets (a + b) 21,070,101 190,014
a.Cash & bank balances 314,661 82,376
b.Other current assets 20,755,440 107,638
2.Non-current assets (a + b) 362,572 20,492,437
a.Investment in housing finance 0 0
b.Other assets 362,572 20,492,437
D.Profit & loss account
1.Revenue 2,644,721 2,509,819
2.Admin. & general expense 1,994,239 1,703,525
3.Profit/(loss) before taxation 304,835 (728,705)
4.Profit/(loss) after taxation 152,169 (851,960)
E.Other items
1.No. of ordinary shares (000) 300,100 300,100
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (1,001,618) 405,834
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 8.09% 79.25%
2.Return on capital employed (ROCE) (D4/C-B1 6.84% 112.88%
3.Return on assets (ROA) (D4/C) 0.71% -4.12%
4.Admin. expense to profit before tax. (D2/D3) ( 6.54 -2.34
5.Earning per share (D4/E1) 0.51 -2.84
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 1.47% 0.00
2.Current assets to current liabilities (C1/B1) (t 1.10 0.01
3.Total liabilities to total assets (B/C) (times) 0.90 1.04
4.Investment to total assets (C2a/C) 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 8.77% -0.05
2.Break up value per share (A/E1) 6.27 -3.58
I.Cash flow ratio
1.Cash generated. from operating activities to pr -6.58 -0.48
2.Cash generated from operating activities to cur -0.05 0.02

Venture Capital - Overall

Items 2014 2015
A.Total equity (A1 to A3) 17,494 18,374
1.Share capital 25,073 25,073
2.Revenue reserve 752 752
3.Unappropriated profit/loss (8,331) (7,451)
4.Others 17,724 18,118
B.Total liabilities (B1 + B2) 4,594 4,680
1.Current liabilities 4,572 4,680
2.Non-current liabilities 22 0
C.Total assets (C1+C2) 39,812 41,172
1.Current assets (a + b) 36,712 38,443
a.Cash & bank balances 3,734 72
b.Others 32,978 38,371
2.Non-current assets (a + b) 3,100 2,729
a.Venture investment 3,080 2,502
b.Others 20 227
D.Profit & loss account
1.Revenue 4,935 9,000
2.Admin. & operating expense 2,854 1,966
3.Financial charges 27 21
4.Profit/(loss) before taxation 2,054 2,034
5.Profit/(loss) after taxation 1,338 1,375
E.Other items
1.No. of ordinary shares (000) 2,507 2,507
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 37,015 (3,194)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A) 7.65% 7.48%
2.Return on capital employed (ROCE) (D5/C-B1 0.04 3.77%
3.Return on assets (ROA) (D5/C) 3.36% 3.34%
4.Return on revenue (ROR) (D5/D1) 27.11% 15.28%
5.Admin. expense to revenue (D2/D1) 57.83% 21.84%
6.Earning per share (D5/E1) 0.53 0.55
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 9.38% 0.17%
2.Current assets to current liabilities (C1/B1) (t 8.03 8.21
3.Total liabilities to total assets (B/C) (times) 0.12 0.11
H.Capital /leverage ratios
1.Capital ratio (A/C) 43.94% 44.63%
2.Break up value per share (A/E1) 6.98 7.33
I.Cash flow ratio
1.Cash generated from operating activities to pro 27.66 -2.32
2.Cash generated from operating activities to cur 8.10 -0.68

228

Financial Statement Analysis of Financial Sector

AKD Capital Ltd.
Items 2014 2015
A.Total equity (A1 to A3) 17,494 18,374
1.Share capital 25,073 25,073
2.Revenue reserve 752 752
3.Unappropriated profit/loss (8,331) (7,451)
4.Others 17,724 18,118
B.Total liabilities (B1 + B2) 4,594 4,680
1.Current liabilities 4,572 4,680
2.Non-current liabilities 22 0
C.Total assets (C1+C2) 39,812 41,172
1.Current assets (a + b) 36,712 38,443
a.Cash & bank balances 3,734 72
b.Others 32,978 38,371
2.Non-current assets (a + b) 3,100 2,729
a.Venture investment 3,080 2,502
b.Others 20 227
D.Profit & loss account
1.Revenue 4,935 9,000
2.Admin. & operating expense 2,854 1,966
3.Financial charges 27 21
4.Profit/(loss) before taxation 2,054 2,034
5.Profit/(loss) after taxation 1,338 1,375
E.Other items
1.No. of ordinary shares (000) 2,507 2,507
2.Cash dividend 0.10 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 37,015 (3,194)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A) 7.65% 7.48%
2.Return on capital employed (ROCE) (D5/C-B1 0.04 3.77%
3.Return on assets (ROA) (D5/C) 3.36% 3.34%
4.Return on revenue (ROR) (D5/D1) 27.11% 15.28%
5.Admin. expense to revenue (D2/D1) 57.83% 21.84%
6.Earning per share (D5/E1) 0.53 0.55
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 9.38% 0.17%
2.Current assets to current liabilities (C1/B1) (t 8.03 8.21
3.Total liabilities to total assets (B/C) (times) 0.12 0.11
H.Capital /leverage ratios
1.Capital ratio (A/C) 43.94% 44.63%
2.Break up value per share (A/E1) 6.98 7.33
I.Cash flow ratio
1.Cash generated from operating activities to pro 27.66 -2.32
2.Cash generated from operating activities to cur 8.10 -0.68

229

Appendix

Financial Statements Analysis of Financial Sector 2018

Appendix

Companies Covered in the Financial Statements Analysis

As on 31st December 2018

Total Companies (166)

Company Page #
Banks (34)*
A. Public Sector Banks (5)
1 First Women Bank Ltd. 27
2 National Bank of Pakistan 28
3 Sindh Bank Ltd. 29
4 The Bank of Khyber 30
5 The Bank of Punjab 31
B. Private Sector Banks (20)
1 Albaraka Bank (Pakistan) Ltd. 33
2 Allied Bank Ltd. 34
3 Askari Bank Ltd. 35
4 Bank Al-Habib Ltd. 36
5 Bank Alfalah Ltd. 37
6 Bankislami Pakistan Ltd. 38
7 Dubai Islamic Bank Pakistan Ltd. 39
8 Faysal Bank Ltd. 40

9 Habib Bank Ltd. 41

10 Habib Metropolitan Bank Ltd. 42
11 JS Bank Ltd. 43
12 MCB Bank Ltd. 44
13 MCB Islamic Ltd. 45
14 Meezan Bank Ltd. 46
15 Samba Bank Ltd 47
16 Silkbank Limited 48

Ltd.

231

Company Page # Company

Microfinance Banks (11)*
1 Advans Pakistan Microfinance Bank Ltd. 77
2 Apna Microfinance Bank Ltd. 78
3 FINCA Microfinance Bank Ltd. 79
4 Khushhali Microfinance Bank Ltd. 80
5 Mobilink Microfinance Bank Ltd. 81
6 NRSP Microfinance Bank Ltd. 82
7 Pak Oman Microfinance Bank Ltd. 83
8 SINDH Microfinance Bank Ltd. 84

9 Telenor Microfinance Bank Ltd. 85

10 The First Microfinance Bank Ltd. 86 1
11 U Microfinance Bank Ltd. 87 2
Leasing Companies (8)** 3
1 Capital Assets Leasing Corp. Ltd. 92 4
2 Grays Leasing Ltd. 93 5
3 Orix Leasing Pakistan Ltd. 94 6
4 Pak-Gulf Leasing Company Ltd. 95 7
5 SME Leasing Ltd.* 96 8
6 Saudi Pak Leasing Co. Ltd. 97 9
7 Security Leasing Corporation Ltd. 98 10
11
12
Investment Banks (6)**
13
1 Escorts Investment Bank Ltd. 102 14
2 First Credit and Investment Bank 103 15
3 First Dawood Investment Bank Ltd. 104 16
4 Invest Capital Investment Bank Ltd. 105 17

232

Company Page #
18 First UDL Modarba 135
19 IBL Modaraba 136
20 KASB Modaraba 137
21 Modaraba Al-Mali 138
22 Orix Modarba 139
23 Popular Islamic Modarba 140
24 Sindh Modarba 141
25 Trust Modarba 142

Exchange Companies (26)*

1 AA Exchange Company (Pvt.) Ltd. 146
2 Al-Hameed Int. Money Exchange (Pvt.) Ltd. 147
3 Al-Rahim Exchange Company (Pvt.) Ltd. 148
4 Al-Sahara Exchange Company (Pvt.) Ltd. 149
5 D. D Exchange Company (Pvt.) Ltd. 150
 6 Dollar East Exchange Company (Pvt.) Ltd. 151
7 Fairdeal Exchange Company (Pvt.) Ltd. 152
8 Glaxy Exchange Company (Pvt.) Ltd. 153
9 H & H Exchange Company (Pvt.) Ltd. 154
10 HBL Currency Exchange (Pvt.) Ltd. 155
11 Habib Qatar International Exchange Pakistan
156
(Pvt.) Ltd.
12 Link International Exchange Co. Ltd. 157
13 Money Link Exchange Co. (Pvt.) Ltd. 158
14 NBP Exchange Company Ltd. 159
15 Noble Exchange International Co. (Pvt.) Ltd 160
16 P B S Exchange (Pvt.) Ltd. 161
17 Pakistan Currency Exchange Co. (Pvt.) Ltd. 162

233

Company Page #

9 Chubb Insurance Pakistan Ltd. 193

10 Crescent Star Insurance Ltd 194

11 E.F.U. General Insurance Company Ltd. 195

12 East West Insurance Company Ltd. 196

13 Excel Insurance Company Ltd. 197
14 Habib Insurance Company Ltd. 198
15 IGI General Insurance Ltd. 199
16 Jubilee General Insurance Company Ltd. 200
17 New Hampshire Insurance Company Ltd. 201
18 Pakistan Reinsurance Company Ltd 202
19 PICIC Insurance Ltd. 203
20 Premier Insurance Ltd. 204
21 Reliance Insurance Company Ltd. 205
22 SPI Insurance Company Ltd. 206
23 Security General Insurance Company Ltd. 207
24 Sindh Insurance 208
25 Shaheen Insurance Company Ltd. 209
26 TPL Insurance Company Ltd 210

* Calender year, ** Fiscal year

 234

Financial Statements Analysis of Financial Sector 2018

Explanatory Notes:

 In the analysis, consolidated financial statements of a company is used to cover full potential of
the parent company; whereas standalone accounts are used for such company whoes subsidery is
covered in any other sector.

 Data revisions in the preceding years are due to restated balance sheets by respective institutions
plus error & omissions, if any.

 Respective closings of different sectors/companies are mentioned in the appendix.

 Data of non-responding existing companies are repeated for 3 years before their removal from
analysis in the publication.

 Sector-wise coverage is based on the available financial statements of companies.

 Reclassification in sectors and renaming may happen during the year, which would be reflected
in the next year’s publication.

 Repeated data of any company is replaced with the actual one upon receipt of its annual report in
that year’s publication.

 The symbol ‘-‘ appearing in the analytical tables stands for Not applicable or Not available.

235
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
1,175,498,718 1,149,807,067 1,262,042,353
534,612,611 413,014,554 432,521,958
304,936,372 341,413,315 388,513,190
335,949,735 395,379,198 441,007,205
174,822,622 238,908,131 197,211,394
14,539,437,305 17,151,321,267 18,625,598,171
211,162,200 264,242,205 290,242,627
1,928,723,371 3,091,646,420 3,052,211,076
11,764,688,240 12,930,256,100 14,315,831,284
634,863,494 865,176,542 967,313,184
15,889,758,645 18,540,036,464 20,084,851,918
1,186,502,771 1,295,237,258 3,230,093,980
158,026,748 150,155,990 153,916,655
542,138,720 580,383,714 898,927,300
7,512,974,884 8,684,912,973 8,064,134,160
5,997,009,849 7,045,906,738 8,546,713,218
552,131,134 595,011,025 629,359,006
512,292,695 531,592,658 563,193,294
5,484,717,154 6,514,314,080 7,983,519,924
289,004,128 361,031,935 409,188,112
716,394,240 954,000,514 (654,928,213)

934,072,694 991,557,513 1,157,140,504

453,676,143 500,547,007 615,855,888
480,396,551 491,010,506 541,284,616
7,335,018 42,454,315 32,398,920
473,061,533 448,556,191 508,885,696
200,231,724 197,915,100 192,531,555
363,532,224 390,829,565 432,962,248
356,619,079 384,215,722 434,709,937
309,738,983 255,641,725 261,610,586
187,913,637 152,523,602 161,432,814

640,844,625 803,696,156 461,401,263

6,849,274,333 9,725,481,559 11,829,050,642

51.43% 49.52% 46.78%

3.02% 2.65% 2.69%
15.99% 13.27% 12.79%
1.18% 0.82% 0.01
1.26% 1.07% 0.96%
2.98% 2.42% 2.53%
 48.57% 50.48% 53.22%
1.15 1.50 1.66
32.05% 32.86% 32.08%
1.78 1.94 2.26

8.46% 0.08 16.85%

47.28% 46.84% 40.15%
34.52% 35.14% 39.75%
74.04% 69.74% 71.28%
0.92 92.51% 92.73%
50.97% 54.49% 0.60
43.79% 43.98% 49.21%

9.21% 8.44% 7.36%

8.54% 7.54% 6.59%
46.97% 51.75% 49.87%
1.43% 7.99% 5.75%
92.78% 89.34% 89.49%

0.07 0.06 6.28%

5.83 8.46 9.37
10.01 11.25 11.34

3.41 5.27 2.86

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,147,953,319 1,107,089,379 1,206,192,465
516,623,156 383,079,258 388,989,747
304,767,668 341,250,276 388,351,647
326,562,495 382,759,845 428,851,071
174,797,023 239,157,002 197,822,971
14,174,226,026 16,626,697,362 18,021,491,831
204,717,489 256,847,735 283,417,539
1,739,940,551 2,771,631,693 2,679,173,800
11,617,595,874 12,761,095,463 14,123,142,224
611,972,112 837,122,471 935,758,268
15,496,976,368 17,972,943,742 19,425,507,267
1,164,124,326 1,258,583,107 3,175,650,626
152,602,602 146,793,891 148,853,722
 501,486,040 410,809,207 656,649,401
7,236,170,337 8,391,785,863 7,814,274,715
5,961,454,568 7,002,365,569 8,472,711,023
549,167,872 592,115,871 626,518,861
509,322,140 528,606,577 560,115,297
5,452,132,428 6,473,758,992 7,912,595,726
287,443,565 359,414,060 407,654,511
703,017,070 931,798,622 (690,171,434)

916,558,858 963,523,344 1,119,567,426

441,925,090 482,728,497 592,452,967
474,633,768 480,794,847 527,114,459
7,433,099 42,438,212 32,312,019
467,200,669 438,356,635 494,802,440
193,348,184 192,740,470 185,109,231
359,118,941 385,698,206 426,113,784
352,302,537 379,281,056 428,151,627
301,407,862 245,398,898 246,968,560
182,854,815 146,335,485 152,420,248

89,583,469 97,377,657 101,016,464

N/A N/A N/A
N/A N/A N/A
702,523,610 792,951,644 448,647,093
5,459,083,323 8,151,767,837 10,251,008,844

51.78% 0.50 47.08%

3.06% 2.68% 2.71%
15.93% 13.22% 12.64%
1.18% 0.81% 0.78%
1.25% 1.07% 0.95%
3.01% 2.44% 2.55%
48.22% 0.50 52.92%
1.17 1.55 1.73
32.36% 33.36% 32.66%
1.82 1.97 2.31
2.04 1.50 1.51

0.09 7.82% 17.11%

46.69% 46.69% 40.23%
35.18% 36.02% 40.73%
74.97% 0.71 0.73
91.46% 92.51% 92.77%
51.31% 54.87% 59.99%
44.63% 45.08% 50.43%

9.21% 8.46% 7.39%

 8.54% 7.55% 6.61%
47.84% 53.48% 51.94%
1.46% 8.03% 5.77%
92.74% 89.27% 0.89

7.41% 6.16% 6.21%

4.76 7.36 8.50
12.81 11.37 11.94
10.12 11.53 11.71

3.84 5.42 2.94

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
170,682,162 187,725,392 215,395,969
60,069,872 71,455,664 71,455,664
51,801,712 58,144,685 62,668,151
58,810,578 58,125,043 81,272,154
69,059,063 52,587,087 60,697,960
2,687,813,953 3,397,189,425 3,689,258,241
16,075,035 19,127,334 15,852,695
123,048,536 518,119,628 524,249,717
2,400,283,229 2,593,096,942 2,928,601,512
148,407,153 266,845,521 220,554,317
2,927,555,178 3,637,501,904 3,965,352,170
213,147,318 222,601,598 314,576,741
28,478,792 38,824,697 24,795,749
149,137,449 58,347,396 147,261,789
1,318,047,650 1,806,547,409 1,716,471,734
1,176,910,346 1,365,587,088 1,663,644,424
183,358,667 183,689,513 194,535,678
155,762,653 173,105,360 187,159,289
1,021,147,693 1,192,481,728 1,476,485,135
43,834,115 44,250,775 66,781,655
153,762,161 274,448,301 218,979,367

167,063,474 184,933,828 224,366,094

90,544,623 104,369,024 132,567,931
76,518,851 80,564,804 91,798,163
2,544,171 16,064,310 10,245,834
 73,974,680 64,500,494 81,552,329
41,674,529 38,757,637 40,845,195
64,786,119 67,494,907 77,732,688
63,243,694 67,129,967 77,393,449
50,863,090 35,763,223 44,664,836
31,033,263 22,514,200 29,062,711

6,006,987 7,145,566 7,145,566

N/A N/A N/A
N/A N/A N/A
107,200,189 (138,545,992) 582,506,289
1,043,409,648 1,158,979,852 1,620,936,904

0.46 43.56% 40.91%

2.61% 2.21% 2.32%
18.18% 11.99% 13.49%
1.06% 0.62% 0.73%
1.42% 1.07% 1.03%
2.53% 1.77% 2.06%
0.54 56.44% 59.09%
1.24 1.88 1.73
31.04% 30.17% 29.31%
1.52 1.73 1.89
5.17 3.15 4.07

8.25% 7.19% 8.56%

45.02% 49.66% 43.29%
34.88% 32.78% 37.23%
81.99% 71.29% 73.85%
91.81% 93.39% 93.04%
49.03% 52.66% 56.81%
46.64% 43.89% 48.18%

15.58% 13.45% 11.69%

13.23% 12.68% 11.25%
107.43% 97.85% 90.32%
1.63% 9.28% 5.47%
84.95% 94.24% 96.21%

5.83% 5.16% 5.43%

6.11 6.17 7.53
28.41 26.27 30.14
14.06 13.81 13.60

3.45 -6.15 20.04

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
3,337,855 3,606,375 3,606,375
3,494,113 3,994,113 3,994,113
307,717 307,717 307,717
(463,975) (695,455) (695,455)
142,667 126,336 126,336
15,040,042 21,096,220 21,096,220
214,155 530,291 530,291
743,909 3,903,832 3,903,832
13,708,791 16,259,737 16,259,737
373,187 402,360 402,360
18,520,564 24,828,931 24,828,931
1,081,532 1,438,429 1,438,429
112,042 62,606 62,606
100,000 0 0
8,032,819 13,587,722 13,587,722
9,478,671 10,129,162 10,129,162
1,963,210 1,670,104 1,670,104
1,265,424 1,253,531 1,253,531
8,213,247 8,875,631 8,875,631
337,077 323,546 323,546
643,847 540,997 540,997

1,161,864 1,276,336 1,276,336

522,492 601,824 601,824
639,372 674,512 674,512
(17,667) 12,354 12,354
657,039 662,158 662,158
244,555 121,978 121,978
897,541 900,071 900,071
879,190 893,021 893,021
4,053 (115,935) (115,935)
11,322 (238,038) (238,038)

349,411 399,411 399,411

0.00 0.00 0.00
0.00 0.00 0.00
(3,732,382) 5,391,892 5,391,892
2,273,166 1,255,963 1,255,963
 55.03% 52.85% 52.85%
3.45% 2.72% 2.72%
0.34% -0.07 -0.07
0.06% -0.96% -0.96%
1.32% 0.49% 0.49%
3.55% 2.67% 2.67%
44.97% 47.15% 47.15%
216.92 -7.70 -7.70
63.82% 64.37% 64.37%
3.60 7.32 7.32
0.03 -0.60 -0.60

6.44% 6.05% 6.05%

43.37% 54.73% 54.73%
44.35% 35.75% 35.75%
74.02% 65.49% 65.49%
81.21% 84.97% 84.97%
69.14% 0.62 0.62
65.58% 50.23% 50.23%

20.71% 16.49% 16.49%

13.35% 12.38% 12.38%
58.82% 46.31% 46.31%
-0.01 0.99% 0.99%
64.46% 75.06% 75.06%

18.02% 14.52% 14.52%

0.68 0.35 0.35
9.55 9.03 9.03
4.11 4.51 4.51

-329.66 -22.65 -22.65

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
120,014,623 125,692,679 146,882,410
21,275,131 21,275,131 21,275,131
46,800,341 50,356,895 53,274,402
51,939,151 54,060,653 72,332,877
56,718,153 49,689,402 59,986,125
1,832,122,164 2,329,938,887 2,591,697,653
10,187,250 13,195,054 9,944,178
44,863,930 360,105,674 392,739,396
1,657,312,093 1,727,102,019 2,011,385,201
119,758,891 229,536,140 177,628,878
2,008,854,940 2,505,320,968 2,798,566,188
160,172,561 160,089,619 247,518,270
13,828,477 26,403,906 12,202,020
121,709,399 26,916,113 106,391,667
897,130,749 1,295,719,550 1,284,319,388
781,475,768 856,937,772 1,059,480,147
119,416,000 120,798,000 133,360,000
114,086,313 117,165,789 133,473,143
667,389,455 739,771,983 926,007,004
32,016,837 32,210,079 53,859,883
116,607,462 224,209,718 168,267,956

114,402,671 123,072,600 149,968,712

59,578,235 68,819,721 89,302,482
54,824,436 54,252,879 60,666,230
(701,257) 1,191,944 11,300,373
55,525,693 53,060,935 49,365,857
29,966,606 31,065,870 36,248,936
48,351,084 48,527,537 55,931,412
46,943,418 48,224,847 55,687,359
37,141,215 35,599,268 29,683,381
22,752,285 23,027,987 20,015,122

2,127,513 2,127,513 2,127,513

0.75% 0.00 0.00
0.00 0.00 0.00
45,349,026 (232,540,971) 597,385,382
847,438,860 967,675,924 1,410,038,651

47.92% 44.08% 40.45%

2.73% 2.17% 2.17%
18.96% 18.32% 13.63%
1.13% 0.92% 0.72%
1.49% 1.24% 0.01
2.76% 2.12% 1.76%
52.08% 55.92% 59.55%
1.26 1.35 1.88
33.49% 31.48% 30.04%
1.57 1.55 1.54
10.69 10.82 9.41

8.66% 7.44% 9.28%

 44.66% 51.72% 45.89%
33.22% 29.53% 33.09%
0.83 68.94% 71.87%
0.91 0.93 92.61%
47.15% 49.62% 52.67%
45.91% 41.06% 44.07%

15.28% 0.14 12.59%

0.15 13.67% 0.13
1.00 96.11% 90.79%
-0.61% 1.02% 8.47%
95.54% 96.99% 100.08%

5.97% 5.02% 5.25%

7.06 7.70 9.60
56.41 59.08 69.04
13.81 13.74 13.69

1.99 -10.10 29.85

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
15,396,853 16,637,929 16,637,929
10,010,130 10,010,130 10,010,130
1,200,812 1,451,979 1,451,979
4,185,911 5,175,820 5,175,820
134,032 (570,121) (570,121)
130,824,488 188,414,668 188,414,668
714,212 905,423 905,423
8,910,738 50,971,174 50,971,174
119,022,240 134,207,056 134,207,056
2,177,298 2,331,015 2,331,015
146,355,373 204,482,476 204,482,476
7,500,675 9,679,582 9,679,582
791,478 3,023,451 3,023,451
6,938,610 5,331,327 5,331,327
71,539,737 114,259,902 114,259,902
55,979,573 69,112,166 69,112,166
1,569,380 5,462,160 5,462,160
4,146,391 4,398,825 4,398,825
51,833,182 64,713,341 64,713,341
1,759,192 1,593,876 1,593,876
5,992,499 5,880,997 5,880,997

9,775,399 11,541,183 11,541,183

5,371,167 6,276,431 6,276,431
4,404,232 5,264,752 5,264,752
1,607,448 252,434 252,434
2,796,784 5,012,318 5,012,318
3,495,950 1,327,696 1,327,696
3,864,804 4,157,580 4,157,580
3,864,279 4,148,159 4,148,159
2,427,930 2,182,434 2,182,434
1,390,826 1,255,835 1,255,835

1,001,013 1,001,013 1,001,013

0.00 0.00 0.00
0.00 0.00 0.00
3,340,734 48,301,254 48,301,254
62,704,482 34,328,587 34,328,587

45.05% 45.62% 45.62%

3.01% 2.57% 2.57%
9.03% 7.55% 7.55%
0.95% 0.61% 0.61%
2.39% 0.65% 0.65%
1.91% 2.45% 2.45%
54.95% 54.38% 54.38%
1.59 1.90 1.90
29.12% 32.31% 32.31%
1.11 3.12 3.12
1.39 1.25 1.25

5.67% 6.21% 6.21%

48.88% 55.88% 55.88%
35.42% 31.65% 31.65%
81.32% 65.63% 65.63%
89.39% 92.14% 92.14%
47.03% 0.52 0.52
43.76% 37.32% 37.32%

0.03 0.08 0.08

7.41% 6.36% 6.36%
10.19% 32.83% 32.83%
38.77% 5.74% 5.74%
264.21% 80.53% 80.53%
 10.52% 8.14% 8.14%
4.07 2.06 2.06
15.38 16.62 16.62
7.73 8.07 8.07

2.40 38.46 38.46

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
14,685,246 14,943,251 13,809,276
10,002,524 10,002,524 10,002,524
2,192,169 2,550,263 2,643,483
2,490,553 2,390,464 1,163,269
1,457,298 454,868 (2,104,692)
190,257,730 229,734,265 211,390,399
775,938 1,131,241 895,126
28,700,825 64,189,586 34,842,114
157,020,365 159,246,974 171,167,556
3,760,602 5,166,464 4,485,603
206,400,274 245,132,384 223,094,983
8,636,526 8,916,018 12,351,453
9,980,928 3,257,351 3,705,360
8,827,307 1,529,106 7,695,642
141,602,355 140,473,783 94,233,239
36,054,479 87,672,573 99,166,975
5,456,524 4,808,257 4,658,352
4,410,594 4,303,521 4,155,072
31,643,885 83,369,052 95,011,903
2,070,554 2,233,549 2,216,422
3,638,719 5,353,525 7,880,964

12,049,052 14,375,382 14,686,465

7,642,575 9,576,349 9,547,084
4,406,477 4,799,033 5,139,381
630,779 (123,201) (170,962)
3,775,698 4,922,234 5,310,343
2,672,988 1,650,819 (526,345)
3,208,735 3,777,654 4,077,397
3,210,806 3,774,878 4,052,247
3,239,951 2,795,398 706,601
 2,020,476 1,790,471 466,099

1,000,252 1,000,252 1,000,252

0.15 0.15% 0.00
0.00 0.00 0.00
55,468,753 (3,663,312) (36,733,783)
22,485,665 20,941,435 29,505,219

36.57% 33.38% 34.99%

2.13% 1.96% 0.02
13.76% 11.98% 3.38%
0.98% 0.73% 0.21%
0.01 0.67% -0.24%
1.83% 2.01% 2.38%
63.43% 66.62% 65.01%
0.99 1.35 5.73
0.22 23.57% 28.79%
1.20 2.29 -7.70
2.02 1.79 0.47

9.02% 4.97% 0.07

68.61% 57.31% 42.24%
15.33% 34.01% 42.59%
76.08% 64.96% 76.72%
92.18% 93.72% 94.75%
22.96% 55.05% 57.94%
19.41% 39.24% 48.14%

15.13% 5.48% 0.05

12.23% 4.91% 4.19%
37.16% 32.18% 33.73%
0.14 -2.86% -4.11%
80.83% 0.90 0.89

7.11% 0.06 6.19%

1.53 1.40 2.14
14.68 14.94 13.81
10.69 10.66 12.40

27.45 -2.05 -78.81

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
17,247,585 26,845,158 34,459,979
15,287,974 26,173,766 26,173,766
1,300,673 3,477,831 4,990,570
658,938 (2,806,439) 3,295,643
10,606,913 2,886,602 3,260,312
519,569,529 628,005,385 676,659,301
4,183,480 3,365,325 3,577,677
39,829,134 38,949,362 41,793,201
453,219,740 556,281,156 595,581,962
22,337,175 29,409,542 35,706,461
547,424,027 657,737,145 714,379,592
35,756,024 42,477,950 43,589,007
3,765,867 6,077,383 5,802,312
11,562,133 24,570,850 27,843,153
199,741,990 242,506,452 210,071,483
293,921,855 341,735,415 425,755,974
54,953,553 50,950,992 49,385,062
31,853,931 45,983,694 43,878,718
262,067,924 295,751,721 381,877,256
7,650,455 7,889,725 8,787,928
26,879,634 38,463,064 36,408,453

29,674,488 34,668,327 46,893,398

17,430,154 19,094,699 26,840,110
12,244,334 15,573,628 20,053,288
1,024,868 14,730,779 (1,148,365)
11,219,466 842,849 21,201,653
5,294,430 4,591,274 3,672,930
8,463,955 10,132,065 12,666,228
8,346,001 10,089,062 12,612,663
8,049,941 (4,697,942) 12,208,355
4,858,354 (3,322,055) 7,563,693

1,528,797 2,617,377 2,617,377

0.00 0.00 0.00
0.00 0.00 0.00
6,774,058 43,965,145 (31,838,456)
108,507,475 134,777,943 145,808,484

41.26% 44.92% 42.76%

2.24% 2.37% 2.81%
28.17% -12.37% 21.95%
0.89% -0.51% 1.06%
0.97% 0.01 0.51%
 2.05% 0.13% 2.97%
58.74% 55.08% 57.24%
1.04 -2.15 1.03
0.24 25.81% 25.05%
1.58 2.20 3.43
3.18 -1.27 2.89

7.22% 7.38% 6.91%

36.49% 36.87% 29.41%
47.87% 44.97% 53.46%
82.79% 84.57% 83.37%
94.91% 95.48% 94.72%
64.85% 61.43% 71.49%
59.61% 57.41% 0.67

0.19 14.91% 0.12

10.84% 13.46% 10.31%
318.62% 1.90 143.31%
3.22% 32.03% -2.62%
57.97% 90.25% 88.85%

3.15% 4.08% 4.82%

6.29 5.02 4.23
11.28 10.26 13.17
26.28 20.72 17.28

1.39 -13.23 -4.21

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
956,519,542 898,718,612 970,415,510
433,751,493 288,823,164 294,733,579
245,777,088 275,886,666 318,435,336
276,990,961 334,008,782 357,246,595
58,281,226 136,459,772 87,115,926
11,306,428,678 13,046,513,446 14,148,610,982
188,035,439 237,078,512 266,920,037
1,534,136,465 2,168,908,526 2,070,320,544
9,147,869,314 10,097,586,740 11,123,862,738
436,387,460 542,939,668 687,507,663
 12,321,229,446 14,081,691,829 15,206,142,418
946,129,150 1,030,917,544 2,855,919,121
103,151,503 86,393,217 103,159,011
350,771,632 351,059,201 507,985,002
5,873,148,624 6,538,132,085 6,050,418,396
4,618,421,427 5,470,694,860 6,642,453,601
329,601,183 372,263,563 395,777,829
335,416,585 337,376,398 354,831,189
4,283,004,842 5,133,318,462 6,287,622,412
236,742,765 305,809,715 331,513,244
528,280,930 636,061,605 (930,474,768)

727,490,876 756,484,953 872,972,611

345,328,678 372,262,372 453,748,263
382,162,198 384,222,581 419,224,348
2,990,485 24,507,884 20,200,167
379,171,713 359,714,697 399,024,181
146,852,635 149,170,149 139,438,237
281,908,878 305,510,057 335,610,799
276,966,540 299,886,696 338,376,730
244,093,420 203,374,789 196,022,292
148,425,358 120,507,989 120,038,321

82,080,623 88,661,741 92,300,547

N/A N/A N/A
N/A N/A N/A
575,418,101 908,768,455 (155,494,355)
4,399,721,153 6,974,975,990 8,612,216,277

52.53% 50.79% 48.02%

0.03 2.73% 2.76%
15.52% 13.41% 12.37%
0.01 0.86% 0.79%
1.19% 1.06% 0.92%
3.08% 2.55% 2.62%
47.47% 49.21% 51.98%
1.13 1.47 1.73
32.24% 33.73% 33.15%
1.89 2.01 2.43
1.81 1.36 1.30

8.52% 7.93% 19.46%

47.67% 46.43% 39.79%
34.76% 36.45% 41.35%
74.24% 71.71% 73.15%
91.76% 92.65% 93.05%
50.49% 54.18% 59.71%
 43.24% 0.45 50.34%

7.14% 0.07 5.96%

7.26% 6.17% 5.34%
34.46% 41.42% 40.78%
0.89% 7.26% 5.69%
101.76% 90.63% 89.65%

7.76% 6.38% 6.38%

4.60 7.76 8.87
11.65 10.14 10.51
9.56 11.24 11.46

3.88 7.54 -1.30

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
10,984,841 10,590,487 10,351,871
13,106,862 13,106,862 13,106,862
159,348 159,348 159,348
(2,281,369) (2,675,723) (2,914,339)
404,662 171,734 353,212
117,322,553 111,890,172 118,107,956
3,909,415 3,658,120 3,697,477
3,223,109 3,209,400 3,836,022
103,320,059 96,622,925 99,915,011
6,869,970 8,399,727 10,659,446
128,712,056 122,652,393 128,813,039
18,725,350 8,915,585 14,934,799
984,125 2,932,165 854,171
2,692,703 5,095,411 0
24,601,518 19,393,486 21,345,325
71,090,188 75,492,269 79,771,998
7,146,027 7,651,332 7,020,606
4,304,922 4,289,213 4,760,022
66,785,266 71,203,056 75,011,976
2,617,734 2,361,576 2,310,578
12,305,360 12,751,114 14,356,190

5,158,073 6,717,570 8,031,610

 2,794,910 3,077,721 3,814,832
2,363,163 3,639,849 4,216,778
(164,250) 185,354 770,029
2,527,413 3,454,495 3,446,749
874,200 967,796 1,096,768
3,502,361 4,953,364 4,788,529
3,414,381 4,929,047 4,782,531
(100,748) (531,073) (245,012)
(155,527) (389,438) (253,728)

1,310,686 1,310,686 1,310,686

0.00 0.00 0.00
0.00 0.00 0.00
9,232,119 (13,868,634) 4,867,484
22,992,868 57,812,684 78,807,206

45.81% 54.18% 0.53

1.84% 2.97% 3.27%
-1.42% -3.68% -2.45%
-0.12% -0.32% 0.00
0.68% 0.79% 0.85%
1.96% 2.82% 2.68%
54.19% 45.82% 0.48
-33.89 -9.28 -19.52
58.06% 64.45% 52.46%
3.91 5.09 4.36
-0.12 -0.30 -0.19

15.31% 9.66% 12.26%

19.11% 15.81% 16.57%
51.89% 58.05% 58.23%
80.27% 78.78% 77.57%
91.15% 91.23% 91.69%
68.81% 78.13% 79.84%
66.72% 75.62% 76.89%

10.05% 10.14% 0.09

6.06% 5.68% 5.97%
65.05% 72.25% 67.82%
-3.82% 4.32% 16.18%
60.24% 56.06% 0.68

8.53% 8.63% 8.04%

2.09 5.46 7.61
8.38 8.08 7.90
9.41 9.12 9.65
 -59.36 35.61 -19.18

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
74,474,468 78,643,302 84,227,659
11,450,739 11,450,739 11,450,739
16,533,485 17,980,116 20,276,515
46,490,244 49,212,447 52,500,405
26,199,360 28,073,051 23,077,174
968,271,920 1,142,949,305 1,243,301,270
9,848,795 7,835,467 7,752,959
126,368,875 223,556,383 225,882,986
805,110,834 883,740,709 984,475,183
26,943,416 27,816,746 25,190,142
1,068,945,748 1,249,665,658 1,350,606,103
73,203,717 85,367,385 99,188,414
679,923 648,765 2,575,055
10,512,752 8,694,399 53,785,679
589,864,548 698,082,066 671,228,285
348,346,063 388,751,651 453,868,259
20,431,609 18,051,749 16,064,641
18,783,872 16,713,937 15,549,365
329,562,191 372,037,714 438,318,894
31,765,903 46,867,935 50,378,537
33,356,714 37,967,394 35,131,239

64,592,588 65,708,757 73,274,161

31,345,347 34,130,494 41,158,720
33,247,241 31,578,263 32,115,441
(260,453) (2,526,148) (1,089,688)
33,507,694 34,104,411 33,205,129
11,210,491 8,712,261 11,289,440
20,886,967 21,937,977 23,306,031
20,295,643 21,423,547 24,347,038
23,831,218 20,878,695 21,016,427
14,427,050 12,733,636 12,880,518

1,145,074 1,145,074 1,145,074

0.73% 0.01 0.01
0.00 0.00 0.00
 63,803,312 119,789,804 33,679,500
189,683,417 235,905,181 379,526,640

51.47% 48.06% 43.83%

3.11% 2.53% 2.38%
19.37% 16.19% 15.29%
1.35% 1.02% 0.95%
1.05% 0.01 0.84%
3.13% 2.73% 2.46%
48.53% 51.94% 56.17%
0.85 1.03 1.16
27.55% 29.48% 27.56%
1.81 2.46 2.16
12.60 11.12 11.25

6.91% 6.88% 7.53%

55.18% 55.86% 0.50
30.83% 29.77% 32.45%
75.32% 70.72% 72.89%
90.58% 91.46% 92.06%
43.27% 43.99% 0.46
0.37 35.11% 0.38

5.87% 4.64% 3.54%

5.39% 0.04 3.43%
27.43% 22.95% 19.07%
-1.39% -15.11% -7.01%
91.94% 92.59% 96.79%

6.97% 6.29% 6.24%

2.55 3.00 4.51
65.04 68.68 73.56
10.81 11.24 11.69

4.42 9.41 2.61

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
25,249,836 27,293,237 31,859,710
12,602,602 12,602,602 12,602,602
 8,670,686 11,840,757 15,543,179
3,976,548 2,849,878 3,713,929
7,327,114 5,142,254 1,649,197
590,291,749 630,255,904 673,023,135
8,579,809 10,769,262 15,512,880
89,261,788 71,587,311 52,702,323
472,811,335 525,808,308 573,635,856
19,638,817 22,091,023 31,172,076
622,868,699 662,691,395 706,532,042
42,568,141 44,239,325 49,187,645
5,845,748 3,193,835 4,093,402
6,836,584 2,250,000 0
295,846,254 314,956,748 260,233,987
262,123,256 284,339,670 369,258,971
28,534,630 26,753,027 26,657,086
26,959,334 25,646,584 26,151,824
235,163,922 258,693,086 343,107,147
10,132,940 9,885,958 12,791,827
26,475,110 29,472,443 37,118,034

35,408,195 36,267,220 43,669,883

20,496,757 20,071,965 25,059,925
14,911,438 16,195,255 18,609,958
(658,824) (1,330,390) 1,460,575
15,570,262 17,525,645 17,149,383
7,210,473 6,108,354 5,621,593
14,303,787 15,142,197 15,891,521
14,078,992 14,948,796 16,240,514
8,476,948 8,491,802 6,879,455
5,220,635 5,267,887 4,431,278

1,260,260 1,260,260 1,260,260

0.15% 0.00 0.00
0.00 0.00 0.00
42,479,240 26,130,753 (43,591,408)
374,682,255 948,100,639 1,080,428,257

42.11% 44.66% 42.62%

2.39% 2.44% 2.63%
20.68% 0.19 13.91%
0.84% 0.79% 0.63%
1.16% 0.92% 0.01
0.03 2.64% 2.43%
57.89% 55.34% 57.38%
1.66 1.76 2.36
33.56% 35.73% 32.24%
1.95 2.45 2.89
 4.14 4.18 3.52

7.77% 7.16% 7.54%

0.48 47.53% 36.83%
37.75% 39.04% 48.56%
75.91% 79.34% 81.19%
94.77% 95.11% 95.26%
55.44% 54.08% 64.37%
46.64% 0.48 58.96%

10.89% 9.41% 7.22%

10.28% 9.02% 7.08%
113.01% 98.02% 83.67%
-2.44% -5.19% 5.58%
94.48% 95.86% 0.98

4.05% 4.12% 4.51%

14.84 34.74 33.91
20.04 21.66 25.28
18.73 19.27 18.01

8.14 4.96 -9.84

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
35,672,945 40,408,589 46,283,478
11,114,254 11,114,254 11,114,254
11,899,426 12,981,379 14,757,530
12,659,265 16,312,956 20,411,694
6,840,799 5,467,293 3,268,202
725,504,673 898,257,898 998,687,323
13,872,057 19,663,349 20,603,682
93,717,345 133,499,876 119,038,358
584,171,954 692,576,176 796,900,525
33,743,317 52,518,497 62,144,758
768,018,417 944,133,780 1,048,239,003
50,600,041 60,096,155 74,432,172
2,866,455 4,691,917 7,989,939
0 0 0
405,027,569 476,125,054 414,605,406
269,267,267 347,465,571 485,944,757
5,715,466 5,288,599 5,235,392
7,827,169 7,632,660 7,730,179
261,440,098 339,832,911 478,214,578
18,776,218 22,482,946 26,183,149
29,308,036 40,904,797 46,813,759

47,804,368 50,309,377 60,733,138

23,132,808 24,386,577 29,839,393
24,671,560 25,922,800 30,893,745
(638,049) 48,539 247,177
25,309,609 25,874,261 30,646,568
5,052,248 8,118,438 7,117,233
17,197,870 20,102,289 23,500,134
17,728,349 19,860,573 23,202,083
13,163,987 13,890,410 14,263,667
8,119,229 8,501,034 8,417,656

1,111,425 1,111,425 1,111,425

0.35% 0.00 0.25%
0.00 0.00 0.00
64,252,144 85,203,789 (36,256,163)
272,251,603 590,059,388 686,530,960

51.61% 51.53% 50.87%

3.21% 2.75% 2.95%
22.76% 21.04% 18.19%
1.06% 0.01 0.01
0.66% 0.86% 0.68%
0.03 2.74% 2.92%
48.39% 48.47% 49.13%
1.35 1.43 1.63
32.54% 34.41% 34.64%
3.51 2.45 3.26
7.31 7.65 7.57

6.96% 6.86% 7.86%

52.74% 50.43% 39.55%
34.04% 35.99% 45.62%
76.06% 73.36% 76.02%
94.46% 95.14% 95.27%
46.09% 50.17% 60.98%
39.72% 42.06% 53.05%

2.12% 1.52% 1.08%

2.91% 0.02 1.59%
16.02% 13.09% 11.31%
 -8.15% 0.64% 0.03
136.95% 144.32% 147.65%

4.64% 4.28% 4.42%

7.63 14.60 14.83
32.10 36.36 41.64
16.38 17.14 17.22

7.91 10.02 -4.31

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
49,155,049 58,514,493 68,263,925
15,952,076 16,075,720 17,743,629
15,895,652 18,156,669 23,050,754
17,307,321 24,282,104 27,469,542
10,969,713 7,285,248 7,382,950
869,520,982 933,028,198 930,570,968
19,091,201 20,882,970 35,988,225
178,311,035 207,193,686 123,738,241
634,740,043 644,984,967 702,895,280
37,378,703 59,966,575 67,949,222
929,645,744 998,827,939 1,006,217,843
74,071,384 70,381,435 82,407,700
9,373,123 3,753,954 3,874,955
30,149,029 48,895,828 62,172,287
389,092,637 400,733,286 277,660,403
395,863,309 417,181,932 518,393,165
19,019,000 17,579,000 18,822,000
17,142,960 16,526,508 16,756,713
378,720,349 400,655,424 501,636,452
16,476,271 16,155,727 18,272,215
31,762,951 58,252,285 60,193,831

57,144,032 56,175,501 59,318,342

28,152,734 27,199,316 27,727,287
28,991,298 28,976,185 31,591,055
1,183,272 (616,430) 588,383
27,808,026 29,592,615 31,002,672
8,907,328 9,076,079 10,200,358
 23,692,195 24,963,529 24,365,275
23,683,609 24,671,927 23,966,756
13,023,159 13,705,165 16,837,755
7,899,908 8,166,232 10,150,268

1,595,208 1,607,572 1,774,363

0.00 0.15% 0.25%
0.00 0.00 0.00
(29,354,807) 30,307,388 (142,469,511)
344,601,108 1,105,453,540 1,368,422,518

50.73% 51.58% 53.26%

3.12% 0.03 3.14%
16.07% 13.96% 14.87%
0.85% 0.82% 1.01%
0.96% 0.91% 1.01%
2.99% 2.96% 3.08%
49.27% 48.42% 46.74%
1.82 1.80 1.42
35.87% 38.26% 35.05%
2.66 2.72 2.35
4.95 5.08 5.72

8.98% 7.42% 8.57%

41.85% 40.12% 27.59%
40.74% 40.11% 49.85%
68.28% 64.57% 69.86%
93.53% 93.41% 92.48%
62.37% 64.68% 73.75%
48.69% 48.95% 62.71%

0.05 4.21% 3.63%

4.33% 3.96% 3.23%
38.69% 30.04% 27.57%
0.07 -3.73% 3.51%
90.14% 94.01% 89.03%

5.29% 5.86% 6.78%

7.01 18.89 20.05
30.81 36.40 38.47
12.91 11.02 10.30

-3.72 3.71 -14.04

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
10,826,268 12,400,129 12,664,168
10,000,079 10,000,079 10,000,079
613,636 926,266 968,799
212,553 1,473,784 1,695,290
1,618,398 1,276,340 1,850,647
170,028,757 204,115,929 201,228,441
2,937,746 3,928,469 3,242,180
6,066,307 15,570,390 7,819,532
153,735,845 178,309,817 184,693,363
7,288,859 6,307,253 5,473,366
182,473,423 217,792,397 215,743,256
8,921,433 11,784,180 14,292,752
1,140,150 801,807 832,621
27,218,665 21,371,787 18,173,504
46,316,927 42,092,166 38,832,093
89,949,086 130,828,986 129,734,404
14,533,967 15,837,045 15,403,434
12,132,284 11,673,947 11,163,593
77,816,802 119,155,039 118,570,811
6,186,259 5,944,357 6,663,467
14,873,187 16,643,061 18,378,008

10,127,616 10,353,849 12,204,238

5,791,252 5,249,882 6,170,275
4,336,364 5,103,967 6,033,963
(2,029,926) (391,970) 36,835
6,366,290 5,495,937 5,997,128
637,612 964,695 1,264,012
6,160,145 6,303,270 6,858,572
6,142,395 6,281,537 6,795,997
843,757 157,362 402,568
452,300 1,563,149 212,664

1,000,008 1,000,008 1,000,008

0.00 0.00 0.00
0.00 0.00 0.00
9,354,153 118,864 190,873
27,184,209 23,041,302 23,134,769

42.82% 0.49 49.44%

2.38% 2.34% 0.03
 4.18% 12.61% 1.68%
0.25% 0.72% 0.00
0.35% 0.44% 0.59%
3.49% 2.52% 2.78%
57.18% 0.51 50.56%
7.28 39.92 16.88
57.22% 55.69% 50.92%
9.63 6.51 5.38
0.45 1.56 0.21

5.51% 5.78% 7.01%

25.38% 19.33% 0.18
42.65% 54.71% 54.96%
84.25% 81.87% 85.61%
93.18% 93.72% 93.27%
58.51% 73.37% 70.24%
56.29% 67.48% 67.39%

16.16% 12.11% 11.87%

13.49% 8.92% 0.09
134.25% 127.72% 121.63%
-16.73% -3.36% 0.33%
83.48% 73.71% 72.47%

5.93% 5.69% 5.87%

2.51 1.86 1.83
10.83 12.40 12.66
14.20 14.38 14.58

20.68 0.08 0.90

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
12,046,524 15,054,436 17,570,841
10,225,567 11,652,288 11,652,288
404,694 725,101 1,226,954
1,416,263 2,677,047 4,691,599
60,811 (142,265) (820,667)
140,026,064 170,081,710 215,072,579
2,218,979 3,677,900 2,811,457
 5,670,091 5,255,642 12,670,525
129,264,513 149,295,457 182,186,634
2,872,481 11,852,711 17,403,963
152,133,399 184,993,881 231,822,753
14,007,320 10,423,998 17,752,920
543,363 1,173,267 1,241,840
12,536,061 4,860,272 4,000,000
27,211,659 41,474,123 45,850,970
95,713,549 121,480,512 155,463,023
2,414,427 2,307,854 2,938,496
1,802,647 1,958,248 2,156,643
93,910,902 119,522,264 153,306,380
1,870,060 1,499,655 1,381,172
2,054,034 6,040,302 8,289,471

9,486,289 10,797,894 14,901,469

4,273,598 4,370,422 6,778,333
5,212,691 6,427,472 8,123,136
128,580 184,791 221,788
5,084,111 6,242,681 7,901,348
1,566,528 2,075,398 2,248,363
5,279,608 5,754,514 6,029,724
5,264,089 5,693,223 5,942,917
1,371,031 2,563,565 4,119,987
855,540 1,602,036 2,509,265

1,022,557 1,165,229 1,165,229

0.00 0.00 0.00
0.00 0.00 0.00
64,352 6,441,237 9,948,637
53,704,609 41,149,638 41,496,971

54.95% 59.53% 54.51%

3.43% 3.47% 0.04
0.07 10.64% 14.28%
0.56% 0.87% 1.08%
1.03% 1.12% 0.97%
3.34% 3.37% 3.41%
45.05% 40.47% 45.49%
3.84 2.22 1.44
47.77% 0.45 35.16%
3.36 2.74 2.64
0.84 1.37 2.15

9.56% 6.27% 8.19%

17.89% 22.42% 19.78%
61.73% 64.61% 66.13%
 84.97% 0.81 78.59%
92.04% 91.94% 92.77%
74.04% 81.37% 85.33%
70.93% 0.79 79.78%

2.52% 0.02 1.89%

1.88% 1.61% 1.39%
20.04% 15.33% 16.72%
7.13% 9.44% 10.28%
74.66% 84.85% 73.39%

7.92% 8.14% 7.58%

4.46 2.73 2.36
11.78 12.92 15.08
10.73 9.92 10.37

0.08 4.02 3.96

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
29,090,229 33,633,227 38,404,848
11,997,601 13,197,361 15,176,965
7,158,248 7,936,338 8,778,908
9,934,380 12,499,528 14,448,975
5,917,426 5,613,243 5,093,667
417,014,646 455,687,412 556,415,668
6,655,919 8,761,334 23,543,525
52,806,084 54,788,547 98,351,921
339,632,770 371,624,155 409,383,802
17,919,873 20,513,376 25,136,420
452,022,301 494,933,882 599,914,183
37,239,302 37,861,767 43,173,993
1,139,375 1,872,771 1,847,595
5,000,000 9,010,335 2,997,486
170,209,104 179,728,189 214,185,591
229,825,518 255,827,227 320,258,309
30,036,000 27,321,076 26,687,638
24,994,521 24,295,067 23,813,448
204,830,997 231,532,160 296,444,861
10,504,822 11,443,528 11,612,007
23,098,701 23,485,132 29,652,650

26,200,691 28,766,119 35,199,965

14,134,284 14,830,923 18,924,859
12,066,407 13,935,196 16,275,106
564,078 (491,802) (421,940)
11,502,329 14,426,998 16,697,046
6,954,458 5,639,264 6,259,953
11,776,100 12,774,086 14,755,290
11,660,533 12,607,943 14,492,257
6,658,637 7,292,176 8,201,709
4,301,772 4,529,650 4,837,183

5,280,608 5,478,855 9,835,192

0.00 0.00 0.00
0.00 0.15% 0.15%
(4,856,009) (16,825,604) 43,544,740
114,653,583 176,116,584 253,248,424

46.05% 48.44% 46.24%

2.67% 2.82% 2.71%
14.79% 13.47% 0.13
0.95% 0.92% 0.81%
1.54% 1.14% 1.04%
2.54% 2.91% 2.78%
53.95% 51.56% 53.76%
1.75 1.73 1.77
35.52% 37.13% 35.59%
1.68 2.24 2.32
0.81 0.83 0.49

8.49% 8.03% 0.08

37.66% 36.31% 0.36
45.31% 46.78% 49.41%
75.14% 75.09% 68.24%
92.26% 92.07% 92.75%
67.67% 68.84% 78.23%
58.56% 0.60 63.08%

13.07% 10.68% 8.33%

10.88% 0.10 7.44%
103.25% 81.23% 69.49%
2.26% -2.02% -1.77%
83.22% 88.92% 89.23%

6.44% 0.07 0.06

3.94 5.24 6.59
 5.51 6.14 3.90
11.68 11.05 10.66

-1.13 -3.71 9.00

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
158,457,896 151,423,488 164,486,591
14,668,525 14,668,525 14,668,525
47,146,362 49,519,342 57,935,252
96,643,009 87,235,621 91,882,814
23,609,084 21,215,598 14,562,465
2,223,017,060 2,401,311,157 2,700,445,803
31,108,762 33,617,261 42,325,254
333,987,106 395,486,210 518,896,397
1,793,370,392 1,899,511,435 2,020,007,979
64,550,800 72,696,251 119,216,173
2,405,084,040 2,573,950,243 2,879,494,859
219,788,876 230,256,066 266,610,256
32,742,891 28,777,991 26,095,330
33,926,110 33,900,345 51,277,336
1,304,722,761 1,335,791,470 1,341,030,709
772,645,840 864,237,563 1,082,130,756
68,621,823 67,037,629 71,564,479
60,513,286 63,548,585 66,276,830
712,132,554 800,688,978 1,015,853,926
24,715,765 50,570,181 57,370,349
77,055,083 93,965,212 121,256,953

137,807,927 142,510,065 157,168,449

58,490,216 64,879,843 81,152,453
79,317,711 77,630,222 76,015,996
666,163 23,804,767 4,639,834
78,651,548 53,825,455 71,376,162
25,859,057 30,952,803 16,444,513
52,264,566 57,290,362 67,971,554
50,917,849 56,227,736 70,327,028
52,246,039 27,487,896 19,849,121
31,820,219 7,730,547 11,789,157
 33,398,711 39,548,621 51,889,640
0.01 0.01 0.43%
0.00 0.00 0.00
164,417,580 82,547,166 122,049,832
583,558,529 560,986,894 715,787,631

57.56% 54.47% 48.37%

0.03 3.02% 2.64%
20.08% 5.11% 7.17%
1.32% 0.00 0.41%
1.08% 0.01 0.57%
3.27% 2.09% 2.48%
42.44% 45.53% 51.63%
0.97 2.05 3.54
31.93% 33.03% 39.15%
1.97 1.82 4.28
0.95 0.20 0.23

0.11 10.06% 10.17%

54.25% 0.52 46.57%
29.61% 31.11% 35.28%
74.57% 0.74 70.15%
92.43% 93.29% 93.78%
43.08% 0.46 53.57%
36.32% 37.66% 42.62%

8.88% 7.76% 6.61%

7.83% 7.35% 6.12%
43.31% 44.27% 43.51%
0.01 37.46% 0.07
88.18% 0.95 92.61%

6.59% 5.88% 5.71%

3.68 3.70 4.35
4.74 3.83 3.17
11.32 12.54 12.28

5.17 10.68 10.35

Financial Sector 2018

(Thousand Rupees)
 2016 2017 2018
37,165,329 39,556,557 42,575,612
10,478,315 10,478,315 10,478,315
13,933,875 15,035,676 16,267,793
12,753,139 14,042,566 15,829,504
2,505,121 941,698 (5,573,656)
486,935,967 620,167,516 636,393,825
8,108,633 19,643,603 12,173,407
37,205,175 64,038,646 51,347,381
430,888,036 508,103,951 543,577,510
10,734,123 28,381,316 29,295,527
526,606,417 660,665,771 673,395,781
35,561,885 42,281,977 48,177,009
2,259,974 1,100,929 1,115,557
16,750,886 10,914,805 11,984,795
314,619,011 396,636,990 346,665,904
159,893,152 190,745,709 243,250,307
19,873,142 18,519,849 17,679,907
16,931,049 16,426,423 16,560,690
142,962,103 174,319,286 226,689,617
3,055,866 3,131,575 3,899,579
11,396,692 32,280,209 34,863,320

33,172,071 33,838,124 42,520,197

21,409,855 19,867,170 26,297,463
11,762,216 13,970,954 16,222,734
844,615 (112,662) 382,429
10,917,601 14,083,616 15,840,305
8,836,266 5,643,758 6,074,015
9,420,120 10,598,290 11,839,942
9,359,596 10,420,061 11,616,837
10,333,747 9,129,084 10,074,378
6,119,324 5,509,006 6,160,584

3,720,518 6,403,865 5,134,738

0.00 0.00 0.00
0.00 0.00 0.00
19,719,383 92,502,967 (31,608,724)
277,587,498 272,566,979 400,439,829

35.46% 41.29% 38.15%

2.23% 2.11% 2.41%
16.47% 13.93% 14.47%
1.16% 0.83% 0.91%
1.68% 0.85% 0.01
2.07% 2.13% 2.35%
64.54% 58.71% 61.85%
 0.91 1.14 1.15
22.42% 26.84% 24.36%
1.06 1.85 1.91
1.64 0.86 1.20

7.18% 6.57% 7.32%

59.74% 60.04% 51.48%
27.15% 26.39% 33.66%
81.82% 76.91% 80.72%
92.47% 93.87% 94.51%
37.11% 37.54% 44.75%
34.16% 33.34% 40.89%

12.43% 9.71% 7.27%

10.59% 8.61% 6.81%
53.47% 46.82% 41.53%
4.99% -0.69% 2.31%
0.85 0.89 93.67%

7.06% 5.99% 6.32%

7.47 6.89 9.41
9.99 6.18 8.29
11.59 12.84 12.77

3.22 16.79 -5.13

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
15,426,705 16,179,050 16,652,615
10,119,242 10,119,242 10,119,242
1,334,122 1,540,988 1,712,171
3,973,341 4,518,820 4,821,202
1,222,820 490,279 (1,035,589)
250,794,369 374,809,920 441,137,050
2,544,028 3,824,278 3,519,924
10,320,047 64,557,043 96,558,663
226,098,931 290,077,566 321,413,263
11,831,363 16,351,033 19,645,200
267,443,894 391,479,249 456,754,076
15,508,968 17,333,788 32,110,840
 752,710 1,034,266 968,575
11,334,414 3,116,199 1,937,347
133,726,610 169,611,558 148,689,974
96,453,475 186,878,895 255,147,213
3,327,942 3,257,997 8,309,467
2,659,341 2,739,313 3,156,295
93,794,134 184,139,582 251,990,918
4,044,154 5,135,309 6,245,328
8,282,904 11,108,547 14,811,094

15,081,015 20,381,171 29,997,028

9,353,282 14,139,220 21,187,732
5,727,733 6,241,951 8,809,296
351,423 370,651 238,788
5,376,310 5,871,300 8,570,508
4,861,269 4,051,340 2,140,838
6,847,643 8,302,076 9,806,589
6,748,444 8,256,335 9,956,060
3,389,936 1,620,564 904,757
2,076,616 973,149 562,338

1,032,005 6,455,704 1,011,924

0.00 0.00 0.00
0.00 0.00 0.00
(16,770,865) 96,304,643 (37,763,483)
78,923,028 99,457,652 104,806,746

37.98% 30.63% 29.37%

2.14% 1.59% 1.93%
13.46% 6.01% 3.38%
0.78% 0.25% 0.12%
1.82% 1.03% 0.47%
2.01% 0.02 1.88%
62.02% 69.37% 70.63%
1.99 5.09 11.00
34.34% 33.98% 30.51%
1.39 2.04 4.65
2.01 0.15 0.56

6.08% 4.69% 7.24%

0.50 43.33% 32.55%
35.07% 47.04% 55.17%
84.54% 0.74 70.37%
93.77% 95.74% 96.58%
42.66% 64.42% 79.38%
0.41 0.53 61.04%
 3.45% 1.74% 3.26%
2.76% 1.47% 1.24%
21.57% 20.14% 0.50
13.21% 13.53% 7.57%
79.91% 84.08% 37.98%

5.77% 4.13% 3.65%

5.12 6.15 6.29
14.95 2.51 16.46
14.66 17.93 19.30

-8.08 98.96 -67.15

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
117,946,240 136,493,130 139,530,625
11,130,307 11,850,600 11,850,600
53,346,861 70,866,473 74,147,981
53,469,072 53,776,057 53,532,044
23,680,385 17,073,207 9,747,104
930,738,565 1,189,671,554 1,348,852,332
12,843,552 22,680,667 15,699,280
74,515,383 133,069,556 216,018,886
781,429,823 968,482,635 1,049,037,615
61,949,807 65,438,696 68,096,551
1,072,365,190 1,343,237,891 1,498,130,061
74,222,347 106,072,084 103,174,597
4,343,841 4,579,275 11,878,975
2,809,752 4,398,114 35,106,241
555,928,553 656,963,632 749,368,738
367,814,547 515,057,855 546,791,549
21,688,250 48,752,620 48,955,548
19,697,930 45,702,006 43,210,226
348,116,617 469,355,849 503,581,323
32,066,098 39,169,606 41,069,761
54,877,982 62,699,331 53,950,426

67,400,294 74,090,972 83,318,994

23,586,203 31,428,759 37,304,844
43,814,091 42,662,213 46,014,150
 653,651 1,045,019 (1,753,256)
43,160,440 41,617,194 47,767,406
16,174,707 18,117,954 17,198,126
23,260,457 28,720,940 32,901,914
22,073,702 27,957,811 32,090,793
36,074,690 31,014,208 32,063,618
21,890,896 22,458,901 21,359,578

1,113,031 1,185,060 1,185,060

0.02 0.02 0.02
0.00 0.00 0.00
21,592,869 121,009,773 143,220,700
304,692,756 448,135,100 584,434,305

65.01% 57.58% 55.23%

4.09% 3.18% 3.07%
18.56% 16.45% 15.31%
2.04% 1.67% 1.43%
1.51% 1.35% 1.15%
4.02% 0.03 3.19%
34.99% 42.42% 44.77%
0.61 0.90 1.00
27.83% 31.15% 32.73%
1.36 1.54 1.87
19.67 18.95 18.02

7.33% 8.24% 7.68%

51.84% 48.91% 50.02%
32.46% 34.94% 33.61%
72.87% 0.72 70.02%
86.79% 88.57% 90.04%
47.07% 53.18% 52.12%
42.97% 46.76% 43.22%

0.06 9.47% 8.95%

5.36% 8.87% 0.08
18.39% 35.72% 35.09%
3.32% 2.29% -4.06%
90.82% 93.74% 88.26%

0.11 10.16% 9.31%

2.58 3.28 4.19
105.97 115.18 117.74
6.63 7.10 7.52

0.99 5.39 6.71

 2018
(Thousand Rupees)
2017 2018
9,832,379 9,937,242
10,000,000 11,200,000
26,444 26,444
(194,065) (1,289,202)
(201,600) 132,272
42,115,218 84,824,921
314,210 1,303,992
7,926,790 7,800,628
32,690,808 73,307,185
1,183,410 2,413,116
51,745,997 94,894,435
3,390,753 6,990,369
2,703,251 1,422,701
1,400,000 4,675,000
9,186,213 12,713,954
31,314,623 62,922,064
0 0
1,219 14,860
31,313,404 62,907,204
2,136,975 2,619,980
1,615,401 3,565,227

2,060,927 4,208,875
1,005,671 2,304,950
1,055,256 1,903,925
(55) 895,646
1,055,311 1,008,279
439,010 399,262
1,845,248 3,087,754
1,845,119 3,083,172
(350,927) (1,680,213)
(262,997) (1,095,982)

1,000,000 1,120,000
0.00 0.00
0.00 0.00
6,130,427 (17,450,371)
3,389,641 8,931,264
 0.51 45.24%
2.04% 2.01%
-2.67% -11.03%
-0.51% -1.15%
0.85% 0.42%
2.04% 1.06%
0.49 54.76%
-5.26 -1.83
73.81% 67.01%
4.20 7.72
-0.26 -0.98

11.78% 8.87%
17.75% 0.13
60.51% 66.29%
63.18% 77.25%
81.39% 89.39%
95.79% 85.83%
0.77 77.58%

0.00 0.00
0.00 0.02%
0.00 0.00
-4.51% 6027.23%
- -

0.19 10.47%
0.34 0.90
9.83 8.87
3.32 7.38

-23.31 15.92

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
28,149,073 34,338,420 40,378,938
10,027,379 10,629,022 11,691,924
9,699,685 13,368,809 15,161,249
8,422,009 10,340,589 13,525,765
 2,324,545 738,973 (45,883)
631,581,836 753,730,607 897,582,350
13,756,970 17,175,035 23,750,543
32,005,501 36,813,295 36,407,811
559,397,881 667,180,865 785,476,944
26,421,484 32,561,412 51,947,052
662,055,454 788,808,000 937,915,405
56,036,849 64,556,170 65,022,041
12,021,351 4,895,816 8,255,187
129,115,165 147,229,221 184,814,600
130,156,297 119,238,246 123,742,867
319,616,864 428,833,530 522,263,763
6,847,000 6,606,000 6,985,000
8,086,594 8,804,442 9,699,241
311,530,270 420,029,088 512,564,522
8,053,136 11,362,868 13,129,126
15,142,386 21,496,591 30,387,062

30,761,376 36,426,932 48,624,458

12,872,844 15,683,700 20,456,948
17,888,532 20,743,232 28,167,510
(184,919) 1,283,326 1,168,051
18,073,451 19,459,906 26,999,459
5,657,319 7,624,282 7,462,503
14,787,934 16,832,178 19,669,556
14,680,291 16,579,977 19,290,136
8,942,836 10,252,010 14,792,406
5,561,611 6,312,767 8,962,200

1,002,738 1,062,902 1,169,192

0.00 0.00 0.35%
0.00 0.00 0.00
(7,740,738) (3,148,928) 8,732,438
367,448,209 363,667,883 462,955,500

58.15% 56.94% 57.93%

0.03 2.63% 0.03
19.76% 18.38% 0.22
0.84% 0.01 0.96%
0.85% 0.97% 0.01
2.73% 2.47% 2.88%
41.85% 43.06% 42.07%
1.64 1.62 1.30
40.61% 38.21% 35.07%
2.59 2.17 2.58
5.55 5.94 7.67
 10.28% 0.09 7.81%
19.66% 15.12% 13.19%
47.06% 53.25% 54.65%
84.49% 84.58% 83.75%
0.95 95.55% 0.96
57.14% 64.28% 66.49%
54.04% 60.91% 63.54%

2.14% 1.54% 1.34%

2.53% 2.05% 1.86%
24.32% 19.24% 0.17
-2.29% 14.58% 12.04%
1.18 133.28% 138.86%

4.25% 4.35% 4.31%

13.05 10.59 11.47
28.07 32.31 34.54
19.87 19.43 19.45

-1.39 -0.50 0.97

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
11,742,188 12,481,041 13,163,770
10,082,387 10,082,387 10,082,387
407,680 555,451 691,997
1,252,121 1,843,203 2,389,386
577,336 227,153 (380,015)
90,780,211 105,515,314 109,980,832
915,076 686,692 877,017
35,847,072 46,201,468 39,780,603
50,306,804 54,901,464 65,225,052
3,711,259 3,725,690 4,098,160
103,099,735 118,223,508 122,764,587
4,723,664 3,887,745 5,154,790
816,421 127,386 493,174
5,277,254 5,192,950 9,449,244
57,237,456 62,918,102 48,021,370
30,987,952 42,502,560 55,891,780
2,372,926 2,335,748 2,392,000
 2,197,972 2,320,787 2,299,525
28,789,980 40,181,773 53,592,255
1,290,007 1,113,248 1,064,563
4,964,953 4,802,304 4,989,191

5,682,057 7,256,121 7,555,595

3,576,446 4,896,833 4,847,164
2,105,611 2,359,288 2,708,431
265,459 101,412 68,364
1,840,152 2,257,876 2,640,067
1,079,406 715,146 766,719
1,993,103 2,042,094 2,297,067
1,980,190 2,023,021 2,258,765
926,455 930,928 1,109,719
544,602 738,853 682,729

1,008,239 1,008,239 1,008,239

0.00 0.00 0.00
0.00 0.00 0.00
14,243,363 2,962,310 (16,691,215)
51,429,803 232,309,529 157,744,444

37.06% 32.51% 35.85%

2.04% 0.02 2.21%
4.64% 5.92% 5.19%
0.53% 0.62% 0.56%
1.05% 0.01 0.62%
1.78% 1.91% 2.15%
62.94% 67.49% 64.15%
2.14 2.17 2.04
29.48% 25.62% 0.28
1.83 2.83 2.95
0.54 0.73 0.68

5.37% 0.03 0.05

55.52% 53.22% 39.12%
27.92% 33.99% 43.65%
48.79% 46.44% 53.13%
88.05% 89.25% 89.59%
0.62 77.42% 85.69%
35.97% 42.04% 53.23%

7.66% 0.06 4.28%

7.09% 5.46% 4.11%
20.21% 18.71% 18.17%
12.08% 4.37% 2.97%
92.63% 99.36% 96.13%
 11.39% 10.56% 10.72%
4.38 18.61 11.98
11.65 12.38 13.06
4.28 4.40 4.95

26.15 4.01 -24.45

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
66,568,833 13,128,623 14,454,954
77,998,099 23,431,374 23,431,374
327,845 554,903 820,890
(11,757,111) (10,857,654) (9,797,310)
(54,514,245) 52,723 (68,207)
122,979,234 153,673,186 159,290,039
3,996,044 3,192,981 2,866,568
30,195,702 35,582,000 18,051,854
86,787,423 110,277,807 132,664,084
2,000,065 4,620,398 5,707,533
135,033,822 166,854,532 173,676,786
7,370,962 8,413,176 8,871,567
87,748 218,420 309,994
706,572 8,620,649 12,612,156
37,488,482 38,266,735 28,924,993
69,312,185 90,137,784 103,566,168
5,820,000 5,820,000 6,675,000
4,509,557 4,287,069 5,212,166
64,802,628 85,850,715 98,354,002
4,101,219 4,176,746 3,981,271
20,476,211 21,308,091 20,622,803

9,959,053 11,670,271 15,596,213

5,609,691 6,184,217 8,990,735
4,349,362 5,486,054 6,605,478
(48,795) 288,575 1,268,673
4,398,157 5,197,479 5,336,805
2,212,664 2,943,468 3,414,872
5,325,689 6,754,399 6,874,849
5,500,470 6,341,426 6,781,153
 1,285,132 1,386,548 1,876,828
738,553 1,135,288 1,329,933

7,799,810 9,081,861 2,343,137

0.00 0.00 0.00
0.00 0.00 0.00
5,049,696 (4,586,816) (17,302,060)
35,894,373 36,055,464 47,353,704

43.67% 47.01% 42.35%

3.22% 3.29% 0.04
1.11% 8.65% 0.09
0.55% 0.68% 0.77%
1.64% 1.76% 1.97%
3.26% 3.11% 3.07%
56.33% 52.99% 57.65%
4.28 4.57 3.61
43.75% 46.22% 36.16%
2.49 2.15 1.99
0.09 0.13 0.57

5.52% 5.17% 5.29%

27.76% 22.93% 16.65%
47.99% 51.45% 56.63%
64.27% 66.09% 76.39%
91.07% 0.92 91.72%
79.86% 81.74% 78.07%
59.25% 0.62 68.72%

0.08 6.46% 6.45%

6.51% 4.76% 5.03%
8.74% 44.33% 46.18%
-1.08% 6.73% 24.34%
77.48% 73.66% 78.08%

0.49 7.87% 8.32%

0.54 2.75 3.28
8.53 1.45 6.17
1.30 8.40 9.18

6.84 -4.04 -13.01

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
14,841,725 14,872,229 13,676,500
11,024,636 11,024,636 11,024,636
1,423,829 1,752,494 2,109,227
2,393,260 2,095,099 542,637
3,447,502 3,632,370 4,312,374
263,515,862 306,714,696 364,508,914
4,163,509 4,895,447 3,993,525
38,905,078 64,584,236 81,962,917
209,893,582 227,304,100 262,378,761
10,553,693 9,930,913 16,173,711
281,805,089 325,219,295 382,497,788
18,278,840 19,431,256 26,019,679
822,689 1,151,015 1,179,612
5,521,875 6,502,687 3,921,270
117,883,960 117,428,516 146,645,533
133,753,036 172,772,430 194,831,205
10,419,420 10,244,669 11,357,132
8,447,271 8,479,515 8,356,022
125,305,765 164,292,915 186,475,183
4,936,122 6,464,678 6,238,673
9,055,838 9,948,228 12,017,838

17,524,408 18,504,526 21,599,792

10,680,270 12,032,444 14,646,799
6,844,138 6,472,082 6,952,993
24,407 77,503 (71,072)
6,819,731 6,394,579 7,024,065
2,736,237 3,456,114 3,260,171
6,478,629 7,003,130 7,379,583
6,388,894 6,942,982 7,420,176
3,077,339 2,847,563 2,904,653
1,878,844 1,659,919 1,783,664

1,102,464 1,102,464 1,102,464

0.13% 0.75% 0.00
0.00 0.00 0.00
13,074,630 (5,929,785) 38,673,405
83,399,392 294,123,363 558,430,406

39.05% 34.98% 32.19%

2.43% 1.99% 1.82%
12.66% 11.16% 13.04%
0.67% 0.51% 0.47%
 0.97% 1.06% 0.85%
2.42% 1.97% 1.84%
60.95% 65.02% 67.81%
2.08 2.44 2.55
31.98% 31.89% 29.68%
2.33 2.01 2.28
1.70 1.51 1.62

6.78% 6.33% 7.11%

41.83% 36.11% 38.34%
44.47% 50.52% 48.75%
74.48% 69.89% 0.69
93.51% 94.31% 0.95
63.72% 76.01% 74.26%
53.76% 59.19% 56.58%

7.79% 5.93% 5.83%

6.32% 4.91% 4.29%
0.70 68.88% 83.04%
0.29% 0.91% -0.85%
81.07% 82.77% 73.58%

5.27% 4.57% 3.58%

5.62 19.78 40.83
13.46 13.49 12.41
14.14 15.28 19.18

6.96 -3.57 21.68

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
56,871,970 57,335,131 61,709,698
38,715,850 38,715,850 38,715,850
12,770,562 14,419,594 16,667,466
5,385,558 4,199,687 6,326,382
4,410,323 5,601,565 5,528,671
413,469,926 456,895,452 508,842,967
10,821,793 18,958,345 16,943,627
14,400,841 26,029,816 24,023,697
365,562,094 377,576,064 424,898,936
 22,685,198 34,331,227 42,976,707
474,752,219 519,832,148 576,081,336
40,729,979 35,085,289 50,293,497
5,699,791 779,856 2,344,297
19,798,390 8,067,665 6,465,508
245,850,227 272,487,815 279,065,904
133,631,337 157,259,073 187,162,249
0 19,587,098 17,402,702
19,680,570 19,624,561 17,618,487
113,950,767 137,634,512 169,543,762
5,773,296 8,033,890 7,837,979
42,949,769 57,743,121 60,530,389

28,395,001 26,798,792 31,206,960

9,009,663 10,300,723 12,376,471
19,385,338 16,498,069 18,830,489
(1,140,898) 283,664 (1,218,457)
20,526,236 16,214,405 20,048,946
7,162,775 8,981,850 9,687,692
12,344,145 11,743,130 11,290,065
11,964,196 11,456,760 10,886,745
15,344,866 13,453,125 18,446,573
9,617,785 8,245,162 11,239,360

3,871,585 3,871,585 3,871,585

0.20 0.18% 0.23%
0.00 0.00 0.00
39,063,346 22,803,463 19,955,900
271,501,653 419,438,146 422,981,202

68.27% 61.56% 60.34%

4.08% 3.17% 3.27%
16.91% 14.38% 18.21%
2.03% 1.59% 1.95%
1.51% 1.73% 1.68%
4.32% 3.12% 3.48%
31.73% 38.44% 39.66%
0.78 0.85 0.59
34.72% 32.82% 27.61%
1.67 1.28 1.12
2.48 2.13 2.90

9.78% 0.07 9.14%

51.78% 52.42% 48.44%
0.24 26.48% 29.43%
0.77 72.63% 73.76%
87.09% 87.89% 88.33%
 36.56% 41.65% 44.05%
35.17% 38.96% 41.69%

0.00 12.46% 0.09

14.73% 12.48% 9.41%
0.00 34.16% 0.28
-0.06 1.45% -6.92%
- 100.19% 101.24%

11.98% 11.03% 10.71%

4.77 7.32 6.85
14.69 14.81 15.94
6.43 6.59 6.89

4.06 2.77 1.78

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
10,559,950 9,539,583 9,539,583
17,786,663 26,381,510 26,381,510
2,288,488 (6,306,359) (6,306,359)
(9,515,201) (10,535,568) (10,535,568)
2,112,002 1,494,942 1,494,942
202,350,396 222,015,411 222,015,411
5,061,470 3,065,379 3,065,379
49,819,840 67,307,766 67,307,766
142,871,229 145,729,707 145,729,707
4,597,857 5,912,559 5,912,559
215,022,348 233,049,936 233,049,936
12,786,616 13,556,723 13,556,723
2,582,531 2,440,333 2,440,333
1,631,583 10,671,003 10,671,003
90,575,032 95,231,064 95,231,064
94,255,433 99,531,320 99,531,320
16,719,020 17,065,580 17,065,580
14,411,701 14,009,450 14,009,450
79,843,732 85,521,870 85,521,870
12,272,884 12,664,584 12,664,584
15,329,970 12,964,359 12,964,359
 10,626,799 10,644,945 10,644,945
7,853,591 7,745,052 7,745,052
2,773,208 2,899,893 2,899,893
1,884,185 (146,070) (146,070)
889,023 3,045,963 3,045,963
3,127,394 2,419,997 2,419,997
5,934,128 6,228,728 6,228,728
5,817,604 6,069,011 6,069,011
(1,917,711) (762,768) (762,768)
(2,174,392) (1,146,439) (1,146,439)

1,778,666 2,638,151 2,638,151

0.00 0.00 0.00
0.00 0.00 0.00
12,495,069 7,416,783 7,416,783
107,826,940 117,856,006 117,856,006

0.26 27.24% 27.24%

1.29% 1.24% 1.24%
-20.59% -12.02% -12.02%
-1.01% -0.49% -0.49%
1.45% 1.04% 1.04%
0.41% 1.31% 1.31%
0.74 72.76% 72.76%
-3.03 -7.96 -7.96
43.14% 47.68% 47.68%
1.86 2.51 2.51
-1.22 -0.43 -0.43

7.15% 6.86% 6.86%

42.12% 40.86% 40.86%
37.13% 0.37 0.37
66.44% 62.53% 62.53%
94.11% 95.27% 95.27%
65.97% 0.68 0.68
48.92% 46.72% 46.72%

17.74% 17.15% 17.15%

15.29% 14.08% 14.08%
158.32% 178.89% 178.89%
13.07% -1.04% -1.04%
0.86 82.09% 82.09%

4.91% 4.09% 4.09%

10.21 12.35 12.35
5.94 3.62 3.62
13.53 15.28 15.28
 -5.75 -6.47 -6.47

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
116,942,573 127,001,081 134,682,882
12,241,798 12,241,798 12,241,798
40,454,505 43,846,877 54,439,238
64,246,270 70,912,406 68,001,846
34,844,288 32,305,966 16,587,066
1,448,845,529 1,873,626,887 1,738,329,198
24,519,507 29,847,743 27,249,136
201,549,619 512,650,465 268,124,033
1,167,123,963 1,272,787,824 1,366,060,048
55,652,440 58,340,855 76,895,981
1,600,632,390 2,032,933,934 1,889,599,146
131,506,861 157,582,687 1,834,567,358
14,920,994 19,516,198 23,345,698
25,710,707 10,867,531 33,941,546
806,531,246 1,091,786,626 786,375,326
550,636,310 670,055,700 776,272,341
44,566,984 52,246,691 68,561,721
40,525,386 42,696,864 60,335,610
510,110,924 627,358,836 715,936,731
33,579,026 45,208,373 45,799,099
78,272,632 80,613,683 (1,550,366,612)

98,219,214 107,205,820 113,198,299

41,176,686 50,781,440 56,964,028
57,042,528 56,424,380 56,234,271
1,478,866 2,449,810 12,914,078
55,563,662 53,974,570 43,320,193
23,608,642 22,162,142 25,071,809
33,156,708 36,218,256 36,768,122
31,903,598 35,349,864 38,826,761
46,015,596 39,918,456 24,966,664
27,730,112 25,179,647 15,226,095

1,224,180 1,224,180 1,224,180

0.01 0.01 0.11%
 0.00 0.00 0.00
130,776,564 253,458,855 (244,641,712)
727,624,808 949,350,377 1,118,899,495

58.08% 52.63% 49.68%

3.56% 2.78% 2.98%
23.71% 19.83% 11.31%
1.73% 1.24% 0.81%
1.47% 1.09% 1.33%
3.47% 2.66% 2.29%
41.92% 47.37% 50.32%
0.69 0.89 1.56
27.22% 0.28 26.59%
1.35 1.60 1.55
22.65 20.57 12.44

9.15% 8.71% 98.32%

50.39% 0.54 41.62%
31.87% 30.86% 37.89%
72.92% 62.61% 72.29%
90.52% 92.16% 91.99%
47.18% 52.64% 56.83%
40.23% 37.53% 0.48

8.09% 0.08 8.83%

7.36% 6.37% 7.77%
38.11% 41.14% 50.91%
3.65% 5.74% 0.21
90.93% 81.72% 0.88

7.31% 6.25% 7.13%

6.22 7.48 8.31
95.53 103.74 110.02
9.98 10.02 10.14

4.72 10.07 -16.07

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
20,751,615 20,645,375 20,380,986
 22,801,791 22,800,430 22,800,504
7,188,868 7,218,925 7,248,160
(9,239,044) (9,373,980) (9,667,678)
47,456,734 50,110,143 50,009,085
179,983,395 182,994,491 183,622,608
607,015 641,889 644,807
82,755,550 84,603,539 84,603,539
69,443,331 70,411,781 70,677,974
27,177,499 27,337,282 27,696,288
248,191,744 253,750,009 254,012,679
4,847,858 5,063,965 5,154,764
20,972,307 21,575,977 20,898,962
1,576,959 1,402,610 1,402,610
44,974,063 47,106,369 47,384,585
166,122,795 166,083,621 166,612,998
36,208,022 36,162,795 36,205,354
18,142,902 18,124,819 18,124,819
147,979,893 147,958,802 148,488,179
6,866,685 9,353,570 9,359,612
20,973,979 21,288,716 21,323,967

22,004,508 22,104,563 22,228,721

6,051,789 6,097,101 6,136,773
15,952,719 16,007,462 16,091,948
1,898,443 1,866,018 1,866,018
14,054,276 14,141,444 14,225,930
4,821,020 4,812,684 4,825,799
12,423,944 12,693,242 12,770,297
12,092,303 12,264,393 12,381,448
6,451,352 6,260,886 6,281,432
3,396,194 3,313,296 3,319,216

1,495,859 1,570,350 1,570,351

N/A N/A N/A
N/A N/A N/A
19,905,320 22,729,181 21,635,159
15,952,522 17,811,995 17,855,663

0.73 72.42% 72.39%

6.43% 6.31% 6.34%
16.37% 16.05% 16.29%
1.37% 1.31% 1.31%
1.94% 0.02 0.02
5.66% 5.57% 0.06
0.28 27.58% 27.61%
1.87 1.96 1.97
46.31% 47.16% 0.47
 2.51 2.55 2.57
2.27 2.11 2.11

0.10 0.11 10.26%

18.12% 18.56% 18.65%
59.62% 58.31% 58.46%
27.98% 27.75% 27.82%
72.52% 72.12% 72.29%
239.22% 235.87% 235.74%
109.15% 107.14% 1.07

0.22 21.77% 21.73%

10.92% 10.91% 10.88%
174.48% 175.16% 177.64%
10.46% 0.10 0.10
50.11% 50.12% 50.06%

8.36% 8.14% 8.02%

0.77 0.86 0.88
13.87 13.15 12.98
3.35 3.41 3.47

5.86 6.86 6.52

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
(26,102,344) (25,916,289) (25,916,289)
1 0 0
0 0 0
(26,102,345) (25,916,289) (25,916,289)
76,967 68,084 68,084
30,104,331 30,123,511 30,123,511
3,534 3,520 3,520
23,409,994 23,409,994 23,409,994
157,339 139,477 139,477
6,533,464 6,570,520 6,570,520
4,078,954 4,275,306 4,275,306
38,503 22,467 22,467
8,080 7,631 7,631
1,131,959 1,402,610 1,402,610
 460,986 443,102 443,102
5,785,114 5,786,744 5,786,744
5,776,630 5,776,999 5,776,999
5,776,630 5,776,999 5,776,999
8,484 9,745 9,745
49,187 49,184 49,184
2,381,755 2,340,567 2,340,567

110,900 102,715 102,715

14,323 10,765 10,765
96,577 91,950 91,950
(22,376) (102,066) (102,066)
118,953 194,016 194,016
219,573 223,697 223,697
118,391 126,747 126,747
113,075 126,706 126,706
220,135 290,966 290,966
217,151 219,048 219,048

0 0 0
0.00 0.00 0.00
0.00 0.00 0.00
(211,853) (187,160) (187,160)
136,765 95,803 95,803

87.08% 89.52% 89.52%

2.37% 2.15% 2.15%
-0.83% -0.85% -0.85%
5.32% 5.12% 5.12%
5.38% 5.23% 5.23%
2.92% 4.54% 4.54%
12.92% 10.48% 10.48%
0.51 0.44 0.44
35.82% 38.83% 38.83%
0.51 0.57 0.57
- - -

1.14% 0.01 0.01

0.11 10.36% 10.36%
0.21% 0.23% 0.23%
3.86% 3.26% 3.26%
738.04% 704.59% 704.59%
3676.85% 4148.89% 4148.89%
24.55% 24.57% 24.57%

99.85% 99.83% 99.83%

99.85% 99.83% 99.83%
 -22.13% -22.29% -22.29%
-0.39% -1.77% -1.77%
1.00 1.00 1.00

-639.93% -606.19% -606.19%

-0.01 0.00 0.00
- - -
-0.01 -0.01 -0.01

-0.98 -0.85 -0.85

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
8,328 (406,365) (406,365)
2,392,507 2,392,507 2,392,507
206,526 206,526 206,526
(2,590,705) (3,005,398) (3,005,398)
12,320 (27,980) (27,980)
9,357,567 11,429,439 11,429,439
95,443 92,554 92,554
3,460,326 5,308,315 5,308,315
5,228,716 5,343,655 5,343,655
573,082 684,915 684,915
9,378,215 10,995,094 10,995,094
560,802 435,791 435,791
4,226 11,321 11,321
445,000 0 0
4,869,535 6,911,314 6,911,314
8,028,712 7,744,049 7,744,049
5,418,812 5,396,984 5,396,984
5,256,992 5,238,540 5,238,540
2,771,720 2,505,509 2,505,509
101,141 63,122 63,122
625,791 1,068,037 1,068,037

615,070 649,278 649,278

441,204 520,408 520,408
173,866 128,870 128,870
(64,266) (16,807) (16,807)
238,132 145,677 145,677
 47,270 24,738 24,738
742,220 891,422 891,422
740,332 840,252 840,252
(456,818) (721,007) (721,007)
(199,242) (294,022) (294,022)

239,251 239,251 239,251

0.00 0.00 0.00
0.00 0.00 0.00
508,200 1,990,780 1,990,780
4,846,806 6,730,038 6,730,038

28.27% 19.85% 19.85%

1.85% 1.17% 1.17%
-2392.44% 72.35% 72.35%
-2.12% -2.67% -2.67%
0.01 0.22% 0.22%
2.54% 1.32% 1.32%
71.73% 80.15% 80.15%
-1.62 -1.17 -1.17
112.06% 132.26% 132.26%
15.66 33.97 33.97
-0.83 -1.23 -1.23

6.02% 4.07% 4.07%

51.92% 62.86% 62.86%
29.55% 22.79% 22.79%
55.75% 0.49 0.49
99.78% 103.95% 103.95%
153.55% 144.92% 144.92%
0.92 0.73 0.73

67.49% 69.69% 69.69%

65.48% 67.65% 67.65%
65067.39% -1328.11% -1328.11%
-1.22% -0.32% -0.32%
97.01% 97.06% 97.06%

0.09% -0.04 -0.04

581.99 -16.56 -16.56
0.03 -1.70 -1.70
627.85 -13.15 -13.15

-2.55 -6.77 -6.77

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
6,989,035 7,111,433 6,847,044
7,886,842 7,885,482 7,885,556
682,816 712,873 742,108
(1,580,623) (1,486,922) (1,780,620)
4,783,944 7,486,536 7,385,478
7,400,612 8,320,656 8,948,773
14,807 52,584 55,502
0 0 0
4,186,617 5,057,990 5,324,183
3,199,188 3,210,082 3,569,088
19,173,591 22,918,625 23,181,295
770,803 1,127,957 1,218,756
885,556 1,482,580 805,565
0 0 0
2,525,001 2,633,412 2,911,628
11,040,810 11,284,669 11,814,046
2,270,105 2,246,337 2,288,896
1,606,271 1,606,271 1,606,271
9,434,539 9,678,398 10,207,775
4,645,212 7,170,119 7,176,161
912,480 826,159 861,410

1,647,117 1,721,149 1,845,307

140,781 110,447 150,119
1,506,336 1,610,702 1,695,188
194 0 0
1,506,142 1,610,702 1,695,188
132,477 142,549 155,664
1,496,634 1,608,374 1,685,429
1,389,835 1,448,374 1,565,429
141,985 144,877 165,423
103,948 113,933 119,853

4,364 78,855 78,856

0.00 0.00 0.00
0.00 0.00 0.00
(441,734) 874,854 (219,168)
204,137 221,340 265,008

91.45% 93.58% 91.86%

 7.86% 7.03% 7.31%
1.49% 0.02 1.75%
0.54% 0.01 0.52%
0.69% 0.62% 0.67%
7.86% 7.03% 7.31%
8.55% 6.42% 8.14%
9.79 10.00 9.46
0.84 0.86 84.23%
10.49 10.16 10.06
23.82 1.44 1.52

8.64% 11.39% 8.73%

13.17% 11.49% 12.56%
49.21% 42.23% 44.03%
21.84% 22.07% 22.97%
0.39 36.31% 0.39
263.72% 223.11% 221.89%
263.72% 223.11% 221.89%

20.56% 19.91% 19.37%

14.55% 14.23% 0.14
32.48% 31.59% 33.43%
0.01% 0.00 0.00
70.76% 71.51% 70.18%

36.45% 31.03% 29.54%

0.03 0.03 0.04
1,601.52 90.18 86.83
0.60 0.71 0.78

-4.25 7.68 -1.83

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
39,856,596 39,856,596 39,856,596
12,522,441 12,522,441 12,522,441
6,299,526 6,299,526 6,299,526
21,034,629 21,034,629 21,034,629
42,583,503 42,583,503 42,583,503
133,120,885 133,120,885 133,120,885
 493,231 493,231 493,231
55,885,230 55,885,230 55,885,230
59,870,659 59,870,659 59,870,659
16,871,765 16,871,765 16,871,765
215,560,984 215,560,984 215,560,984
3,477,750 3,477,750 3,477,750
20,074,445 20,074,445 20,074,445
0 0 0
37,118,541 37,118,541 37,118,541
141,268,159 141,268,159 141,268,159
22,742,475 22,742,475 22,742,475
5,503,009 5,503,009 5,503,009
135,765,150 135,765,150 135,765,150
2,071,145 2,071,145 2,071,145
17,053,953 17,053,953 17,053,953

19,631,421 19,631,421 19,631,421

5,455,481 5,455,481 5,455,481
14,175,940 14,175,940 14,175,940
1,984,891 1,984,891 1,984,891
12,191,049 12,191,049 12,191,049
4,421,700 4,421,700 4,421,700
10,066,699 10,066,699 10,066,699
9,849,061 9,849,061 9,849,061
6,546,050 6,546,050 6,546,050
3,274,337 3,274,337 3,274,337

1,252,244 1,252,244 1,252,244

0.00 0.00 0.00
0.00 0.00 0.00
20,050,707 20,050,707 20,050,707
10,764,814 10,764,814 10,764,814

72.21% 72.21% 72.21%

6.58% 6.58% 6.58%
8.22% 8.22% 8.22%
1.52% 1.52% 1.52%
2.05% 2.05% 2.05%
5.66% 5.66% 5.66%
27.79% 27.79% 27.79%
1.50 1.50 1.50
41.85% 41.85% 41.85%
2.23 2.23 2.23
2.61 2.61 2.61

10.93% 10.93% 10.93%

17.22% 17.22% 17.22%
 62.98% 62.98% 62.98%
27.77% 27.77% 27.77%
61.76% 61.76% 61.76%
235.96% 235.96% 235.96%
122.04% 122.04% 122.04%

0.16 0.16 0.16

0.04 0.04 0.04
57.06% 57.06% 57.06%
36.07% 36.07% 36.07%
0.24 0.24 0.24

18.49% 18.49% 18.49%

0.27 0.27 0.27
31.83 31.83 31.83
1.50 1.50 1.50

6.12 6.12 6.12

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
27,545,399 42,717,688 55,849,888
17,989,455 29,935,296 43,532,211
168,704 163,039 161,543
9,387,240 12,619,353 12,156,134
25,599 (248,871) (611,577)
365,211,279 524,623,905 604,106,340
6,444,711 7,394,470 6,825,088
188,782,820 320,014,727 373,037,276
147,092,366 169,160,637 192,689,060
22,891,382 28,054,071 31,554,916
392,782,277 567,092,722 659,344,651
22,378,445 36,654,151 54,443,354
5,424,146 3,362,099 5,062,933
40,652,680 169,574,507 242,277,899
276,804,547 293,127,110 249,859,445
35,555,281 43,541,169 74,002,195
2,963,262 2,895,154 2,840,145
2,970,555 2,986,081 3,077,997
32,584,726 40,555,088 70,924,198
 1,560,563 1,617,875 1,533,601
13,377,170 22,201,892 35,243,221

17,513,836 28,034,169 37,573,078

11,751,053 17,818,510 23,402,921
5,762,783 10,215,659 14,170,157
(98,081) 16,103 86,901
5,860,864 10,199,556 14,083,256
6,883,540 5,174,630 7,422,324
4,413,283 5,131,359 6,848,464
4,316,542 4,934,666 6,558,310
8,331,121 10,242,827 14,642,026
5,058,822 6,188,117 9,012,566

(61,678,985) 10,744,512 12,754,170

1,390,191,010 1,573,713,722 1,578,041,798

0.33 36.44% 37.71%

1.47% 0.02 2.15%
18.37% 14.49% 16.14%
1.29% 1.09% 1.37%
1.75% 0.91% 1.13%
1.49% 0.02 2.14%
0.67 63.56% 62.29%
0.52 0.48 0.45
18.09% 15.45% 15.22%
0.63 0.95 0.88

7.08% 7.06% 9.03%

70.47% 51.69% 0.38
0.08 7.15% 10.76%
37.45% 29.83% 29.22%
92.98% 92.51% 91.62%
24.17% 25.74% 0.38
10.59% 0.09 13.08%

8.33% 6.65% 3.84%

8.35% 6.86% 4.16%
10.76% 6.78% 5.09%
-0.03 0.54% 2.82%
100.25% 103.14% 108.37%

7.01% 7.53% 8.47%

50.47 36.84 28.26
5.34 3.96 3.45

-12.19 1.74 1.42

 2018
6,943,095
6,943,095
0
0
(478,310)
8,299,459
0
0
7,227,913
1,071,546
14,764,244
7,238,142
10,726
276,244
6,569,934
133,900
0
0
133,900
232,280
303,018

369,276
345,662
23,614
0
23,614
12,969
561,245
561,245
(524,662)
(267,110)

6,686,824
13,864,479

6.39%
 0.16%
-3.85%
-1.81%
0.09%
0.16%
93.61%
-1.07
146.83%
43.28

0.49
0.45
0.91%
48.96%
56.21%
1.85%
1.85%

0.00
0.00
0.00
-
-

47.03%
2.00
1.04

-25.03

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
10,155,720 9,208,339 10,695,060
6,812,671 6,812,671 6,812,671
168,704 163,039 161,543
3,174,345 2,232,629 3,720,846
64,458 (5,261) (75,530)
101,830,206 111,016,694 130,328,702
2,524,303 1,836,429 4,199,017
18,394,904 15,460,370 14,123,811
 75,076,382 78,817,906 95,036,059
5,834,617 14,901,989 16,969,815
112,050,384 120,219,772 140,948,232
5,480,867 5,907,205 9,126,210
1,542,895 1,091,101 641,152
13,325,003 23,930,516 12,458,933
66,676,243 57,091,381 66,498,149
24,288,475 27,282,422 42,748,043
2,866,751 2,798,643 2,743,634
2,866,965 2,798,898 2,744,060
21,421,510 24,483,524 40,003,983
579,296 541,286 485,702
3,024,570 7,174,759 11,734,103

5,696,189 7,226,821 8,077,795

2,894,239 4,286,580 3,899,578
2,801,950 2,940,241 4,178,217
(84,686) (68,067) (54,838)
2,886,636 3,008,308 4,233,055
4,380,731 2,920,106 3,916,393
2,075,938 2,173,761 2,197,524
1,979,939 2,113,118 2,101,549
5,191,429 3,754,653 5,951,924
3,201,105 2,233,920 3,709,531

8,449,982 9,032,530 15,044,292

272,955,238 233,667,362 246,245,301

49.19% 40.69% 51.72%

0.03 2.45% 2.96%
31.52% 24.26% 34.68%
2.86% 1.86% 2.63%
3.91% 2.43% 2.78%
2.58% 0.03 0.03
50.81% 59.31% 48.28%
0.38 0.56 0.35
0.21 21.42% 18.32%
0.45 0.72 0.54

6.27% 5.82% 6.93%

59.51% 47.49% 47.18%
19.12% 20.37% 28.38%
0.67 65.56% 67.43%
90.88% 92.34% 92.47%
32.35% 34.61% 44.98%
25.98% 28.94% 39.16%
 0.12 10.26% 6.42%
0.12 10.26% 6.42%
28.23% 30.39% 25.65%
-2.95% -2.43% -0.02
100.01% 100.01% 100.02%

9.06% 7.66% 7.59%

26.88 25.38 23.02
7.39 8.56 8.89

2.64 4.04 4.06

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
5,537,870 6,952,864 7,596,820
3,544,827 4,238,906 5,091,000
0 0 0
1,993,043 2,713,958 2,505,820
0 0 0
18,955,701 27,346,693 27,794,406
2,976,253 932,787 1,314,231
27,509 15,755 2,871,553
14,092,145 23,212,445 20,100,376
1,859,794 3,185,706 3,508,246
24,493,571 34,299,557 35,391,226
4,993,782 5,995,920 6,961,709
136,459 396,881 220,159
14,630,311 19,707,230 19,150,856
0 0 0
3,318,334 5,813,996 6,354,270
96,511 96,511 96,511
103,590 104,718 104,509
3,214,744 5,709,278 6,249,761
291,553 271,894 214,924
1,226,722 2,218,354 2,593,817

1,049,008 1,221,952 1,738,883

345,527 463,007 768,616
703,481 758,945 970,267
(13,395) 1,705 (5,224)
 716,876 757,240 975,491
1,036,326 1,389,908 964,928
1,014,080 1,004,966 1,326,771
1,014,095 980,403 1,310,838
739,122 1,142,182 613,648
419,526 712,223 365,621

(534,806) 622,010 552,465

60,496,027 33,040,643 42,939,864

67.06% 62.11% 0.56

2.87% 2.21% 2.74%
7.58% 10.24% 4.81%
1.71% 2.08% 1.03%
4.23% 4.05% 2.73%
2.93% 2.21% 2.76%
32.94% 37.89% 0.44
1.37 0.86 2.14
48.63% 38.48% 49.07%
0.98 0.71 1.36

20.95% 18.64% 20.29%

0.00 0.00 0.00
13.12% 16.65% 17.66%
57.53% 67.68% 56.79%
77.39% 79.73% 78.53%
23.55% 25.05% 31.61%
0.24 25.03% 27.66%

2.91% 1.66% 1.52%

3.12% 0.02 1.64%
1.74% 1.39% 1.27%
-12.93% 1.63% -0.05
107.33% 1.09 108.29%

22.61% 20.27% 21.47%

10.92 4.75 5.65
2.54 3.34 2.65

-1.27 0.87 1.51

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
7,823,171 16,872,113 26,315,633
3,775,797 9,506,699 20,829,285
0 0 0
4,047,374 7,365,414 5,486,348
(38,542) (32,050) (57,530)
238,095,040 375,008,800 433,005,461
831,033 4,573,858 1,292,129
169,531,176 303,724,827 355,486,464
52,779,401 57,698,198 66,540,142
14,953,430 9,011,917 9,686,726
245,879,669 391,848,863 459,263,564
8,377,564 15,585,904 27,658,474
3,685,177 1,461,579 4,015,685
8,687,263 118,285,067 207,924,067
209,336,742 235,089,040 175,857,020
6,096,727 8,246,547 22,942,850
0 0 0
0 82,465 229,428
6,096,727 8,164,082 22,713,422
641,995 581,047 590,331
9,054,201 12,682,144 20,504,565

10,332,731 19,020,812 26,745,817

8,161,423 12,669,163 18,016,523
2,171,308 6,351,649 8,729,294
0 82,465 146,963
2,171,308 6,269,184 8,582,331
1,302,572 571,379 2,255,682
1,101,931 1,508,691 2,425,737
1,101,931 1,401,970 2,257,492
2,371,949 5,331,872 8,412,276
1,427,316 3,318,666 5,066,980

(69,615,225) 413,095 (9,272,112)

1,056,479,672 1,298,873,448 1,269,586,331

21.01% 33.39% 32.64%

0.88% 1.62% 0.02
18.24% 19.67% 19.25%
0.58% 0.85% 0.01
0.53% 0.15% 0.49%
0.88% 0.02 1.87%
78.99% 66.61% 67.36%
0.46 0.26 0.27
 9.47% 0.08 8.36%
0.85 2.45 1.00

4.91% 4.35% 0.07

85.14% 59.99% 38.29%
2.48% 2.08% 4.95%
21.47% 14.72% 14.49%
96.83% 0.96 94.28%
11.55% 14.29% 34.48%
2.74% 2.28% 5.44%

0.00 0.00 0.00

0.00 0.01 0.01
0.00 0.00 0.00
- 1.00 64.06%
- - -

3.18% 4.31% 5.73%

135.04 76.98 48.24
6.75 3.42 2.53

-48.77 0.12 -1.83

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
4,028,638 4,163,512 4,299,280
3,856,160 3,856,160 3,856,160
0 0 0
172,478 307,352 443,120
(317) (360) (207)
6,330,332 10,530,226 4,678,312
113,122 51,396 19,711
829,231 813,775 555,448
5,144,438 9,432,088 3,784,570
243,541 232,967 318,583
10,358,653 14,693,378 8,977,385
3,526,232 3,643,762 3,458,819
59,615 126,818 175,211
4,010,103 7,651,694 2,467,799
791,562 946,689 934,342
 1,851,745 2,198,204 1,823,132
0 0 0
0 0 0
1,851,745 2,198,204 1,823,132
47,719 27,769 10,364
71,677 98,442 107,718

435,908 564,584 641,307

349,864 399,760 372,542
86,044 164,824 268,765
0 0 0
86,044 164,824 268,765
163,911 310,759 272,352
221,334 250,263 337,187
220,577 245,497 327,186
28,621 225,320 188,840
10,875 134,508 137,544

21,064 194,778 (257,299)

260,073 7,392,995 5,405,823

19.74% 29.19% 41.91%

0.83% 1.12% 2.99%
0.27% 3.23% 0.03
0.00 0.92% 1.53%
1.58% 2.11% 3.03%
0.83% 1.12% 2.99%
80.26% 70.81% 58.09%
7.71 1.09 1.73
0.37 28.59% 36.91%
1.35 0.79 1.20

34.62% 25.66% 40.48%

7.64% 6.44% 10.41%
17.88% 14.96% 20.31%
49.66% 64.19% 42.16%
61.11% 71.67% 52.11%
0.36 23.31% 48.17%
0.31 21.45% 42.01%

0.00 0.00 0.00

0.00 0.00 0.00
0.00 0.00 0.00
- - -
- - -

38.89% 28.34% 47.89%

 0.06 1.78 1.26
1.28 2.27 0.88

1.94 1.45 -1.87

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
79,377,242 82,151,166 84,772,694
46,008,180 46,008,180 46,008,180
12,351,924 13,402,875 14,516,050
21,017,138 22,740,111 24,248,464
4,923,231 1,920,068 1,168,233
103,181,790 123,032,839 128,846,191
0 0 0
87,161,808 100,537,356 111,444,365
10,934,356 17,115,314 11,643,692
5,085,626 5,380,169 5,758,134
187,482,263 207,104,073 214,787,118
2,672,737 503,909 558,211
7,332,725 4,570,597 4,326,744
8,004,689 11,905,923 11,378,907
102,805,166 114,903,105 117,592,810
63,641,825 72,641,814 76,731,522
9,201,132 8,960,924 9,228,240
7,830,579 7,315,024 7,163,149
55,811,246 65,326,790 69,568,373
3,379,689 3,269,436 3,890,609
7,476,011 6,624,313 7,471,464

9,654,115 11,073,343 11,565,528

4,957,387 6,408,005 6,764,810
4,696,728 4,665,338 4,800,718
(1,275,596) 244,984 595,784
5,972,324 4,420,354 4,204,934
7,183,608 4,834,346 4,984,585
2,955,419 2,973,287 3,060,357
2,830,815 2,817,358 2,905,180
10,200,512 6,291,154 6,129,161
7,605,469 4,332,842 4,201,927

4,001,058 4,001,058 4,001,058

N/A N/A N/A
N/A N/A N/A
 1,122,193 (11,326,457) 5,631,281
26,757,040 20,815,248 26,679,063

48.65% 42.13% 41.51%

2.51% 2.25% 2.24%
9.58% 5.27% 4.96%
4.06% 2.09% 1.96%
3.83% 2.33% 2.32%
3.19% 2.13% 1.96%
51.35% 57.87% 58.49%
0.28 0.45 0.47
0.18 0.19 0.18
0.39 0.58 0.58
1.90 1.08 1.05

5.34% 2.45% 2.27%

54.83% 55.48% 54.75%
29.77% 31.54% 32.39%
5.83% 8.26% 5.42%
55.04% 59.41% 59.99%
582.04% 424.43% 6.59
64.88% 61.74% 62.34%

14.46% 12.34% 12.03%

0.12 10.07% 9.34%
11.59% 10.91% 10.89%
-16.29% 3.35% 8.32%
0.85 81.63% 77.62%

42.34% 39.67% 39.47%

0.34 0.25 0.31
19.84 20.53 21.19
0.14 0.21 0.14

0.15 -2.61 1.34

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
9,366,881 9,292,618 9,181,391
6,000,000 6,000,000 6,000,000
 794,107 840,066 840,066
2,572,774 2,452,552 2,341,325
83,078 (37,286) (71,701)
9,148,512 8,430,333 9,415,747
0 0 0
6,549,981 6,370,738 7,915,859
2,079,728 1,814,001 1,221,724
518,803 245,594 278,164
18,598,471 17,685,665 18,525,437
64,205 37,870 73,144
432,783 91,727 60,653
0 970,000 105,000
11,842,973 11,044,299 11,259,928
6,282,232 5,507,178 7,195,696
1,168,338 958,250 1,712,086
857,881 854,246 971,770
5,424,351 4,652,932 6,223,926
176,982 198,003 193,242
657,177 690,834 609,544

1,243,694 1,045,117 907,417

533,274 387,358 472,607
710,420 657,759 434,810
(415,856) 66,591 257,163
1,126,276 591,168 177,647
53,242 128,510 101,236
318,427 351,464 267,425
318,148 296,323 267,421
861,091 368,214 11,458
603,291 229,795 (10,231)

600,000 600,000 600,000

0.00 0.00 0.00
0.00 0.00 0.00
(725,103) (213,566) 519,893
222,392 148,810 80,000

57.12% 62.94% 47.92%

3.82% 3.72% 2.35%
6.44% 2.47% -0.11%
3.24% 0.01 -0.06%
0.29% 0.73% 0.55%
6.06% 3.34% 0.96%
42.88% 37.06% 52.08%
0.37 0.80 23.34
0.25 0.30 0.27
5.98 2.31 2.64
 1.01 0.38 -0.02

2.67% 0.73% 0.72%

63.68% 62.45% 60.78%
29.17% 26.31% 0.34
11.18% 10.26% 6.59%
49.19% 47.67% 50.83%
302.07% 303.59% 588.98%
0.73 67.29% 78.75%

0.19 0.17 23.79%

13.66% 15.51% 0.14
12.47% 10.31% 18.65%
-48.47% 0.08 26.46%
73.43% 89.15% 56.76%

50.36% 52.54% 49.56%

0.02 0.02 0.01
15.61 15.49 15.30
0.22 0.20 0.13

-1.20 -0.93 -50.82

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
10,490,617 10,657,968 10,633,697
6,000,000 6,000,000 6,000,000
1,257,721 1,351,812 1,406,995
3,232,896 3,306,156 3,226,702
(62,060) (201,744) (673,212)
23,962,040 19,413,049 38,832,642
0 0 0
20,492,898 13,976,083 36,890,373
2,913,487 4,751,164 725,403
555,655 685,802 1,216,866
34,390,597 29,869,273 48,793,127
322,004 137,609 161,339
1,936,970 74,549 46,355
498,065 2,420,909 0
16,657,665 7,678,634 26,116,936
14,232,032 19,056,899 20,639,421
451,407 953,997 592,529
236,090 289,074 309,684
13,995,942 18,767,825 20,329,737
25,160 19,732 16,450
954,791 770,015 2,122,310

1,590,722 1,461,566 2,506,962

1,083,660 908,144 1,787,629
507,062 553,422 719,333
97,111 178,164 96,393
409,951 375,258 622,940
1,236,657 588,456 221,870
314,084 292,798 341,311
293,714 278,554 330,373
1,332,524 670,916 503,499
961,658 470,456 275,914

600,000 600,000 600,000

3000.00 0.00 0.00
0.00 0.00 0.00
1,551,225 (10,018,115) 18,540,404
16,071,984 7,602,654 2,230,267

31.88% 37.87% 28.69%

1.47% 1.85% 1.47%
9.17% 4.41% 2.59%
0.03 1.58% 0.57%
0.04 1.97% 0.45%
1.19% 1.26% 1.28%
68.12% 62.13% 71.31%
0.22 0.42 0.66
0.11 0.14 0.13
0.24 0.47 1.49
1.60 0.78 0.46

6.57% 0.71% 0.43%

48.44% 25.71% 53.53%
0.41 62.83% 41.67%
8.47% 15.91% 1.49%
69.68% 64.99% 79.59%
488.49% 4.01 2845.24%
0.61 101.76% 54.87%

3.17% 5.01% 2.87%

1.66% 1.52% 0.02
0.04 8.95% 5.57%
 41.13% 61.63% 31.13%
0.52 0.30 52.26%

0.31 35.68% 21.79%

1.53 0.71 0.21
17.48 17.76 17.72
0.28 0.45 0.07

1.61 -21.29 67.20

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
14,000,932 14,668,324 15,278,259
9,116,400 9,116,400 9,116,400
977,365 1,110,843 1,232,830
3,907,167 4,441,081 4,929,029
125,152 246 83,041
8,392,156 9,752,396 4,400,934
0 0 0
8,196,455 9,576,860 4,180,683
0 0 0
195,701 175,536 220,251
22,518,240 24,420,966 19,762,234
2,080,940 26,530 62,586
3,086,523 2,168,945 1,553,209
2,647,918 0 0
7,734,253 13,848,109 9,976,199
6,545,526 8,373,636 8,163,493
383,164 313,164 397,439
505,706 473,644 543,305
6,039,820 7,899,992 7,620,188
177,302 174,362 187,585
751,484 303,028 362,467

990,161 1,622,936 1,244,514

293,493 669,157 162,160
696,668 953,779 1,082,354
(68,488) (70,749) 225,577
765,156 1,024,528 856,777
435,512 323,421 441,476
 342,196 378,147 386,494
321,626 378,147 386,374
858,471 969,803 911,758
615,129 670,595 618,820

911,640 911,640 911,640

0.00 0.00 0.00
0.00 0.00 0.00
(1,195,012) 3,099,984 (4,735,499)
650,401 767,959 831,328

70.36% 58.77% 86.97%

3.09% 3.91% 5.48%
4.39% 4.57% 4.05%
2.73% 2.75% 3.13%
1.93% 1.32% 2.23%
0.03 0.04 4.34%
29.64% 41.23% 13.03%
0.37 0.39 0.42
0.24 0.19 0.23
0.74 1.17 0.88
0.67 0.74 0.68

22.95% 8.99% 8.18%

34.35% 56.71% 50.48%
26.82% 32.35% 38.56%
0.00 0.00 0.00
37.27% 39.93% 22.27%
- - -
79.86% 87.44% 195.27%

5.85% 3.74% 4.87%

7.73% 5.66% 6.66%
2.74% 2.13% 0.03
-13.54% -14.94% 41.52%
131.98% 151.24% 1.37

62.18% 60.06% 77.31%

0.05 0.05 0.05
15.36 16.09 16.76
0.00 0.00 0.00

-1.94 4.62 -7.65

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
22,822,320 24,128,148 26,382,006
6,000,000 6,000,000 6,000,000
6,876,320 7,431,389 8,193,002
9,946,000 10,696,759 12,189,004
1,865,000 679,262 167,303
4,254,092 4,321,754 3,427,917
0 0 0
2,661,764 2,562,007 1,371,474
3,650 2,500 35,000
1,588,678 1,757,247 2,021,443
28,941,412 29,129,164 29,977,226
61,995 61,148 60,901
16,691 18,730 9,690
2,632,880 2,476,726 1,071,204
21,206,169 22,922,841 25,815,300
5,860,141 4,319,273 3,770,041
1,546,078 1,197,298 1,113,743
1,437,645 1,152,703 1,071,860
4,422,496 3,166,570 2,698,181
201,875 196,533 217,382
399,306 286,616 104,568

1,027,732 740,818 928,003

244,012 104,125 66,290
783,720 636,693 861,713
(592) (63,965) 298,767
784,312 700,658 562,946
3,786,996 2,402,923 3,534,453
442,842 519,669 582,116
484,948 509,869 511,810
4,128,466 2,593,652 3,515,283
3,452,494 1,850,229 2,768,420

240 240 240

0.00 0.00 0.00
0.00 0.00 0.00
(4,898,617) 1,511,866 1,234,477
1,235,359 850,000 150,000

76.26% 85.94% 92.86%

2.71% 2.19% 2.87%
 15.13% 7.67% 10.49%
11.93% 6.35% 9.24%
13.09% 8.25% 11.79%
2.71% 2.41% 1.88%
23.74% 14.06% 7.14%
0.12 0.20 0.15
0.09 0.17 0.13
0.13 0.21 0.14
14,385.39 7,709.29 11,535.08

0.27% 0.27% 0.24%

73.27% 78.69% 86.12%
15.28% 10.87% 0.09
0.01% 0.01% 0.12%
0.15 14.84% 11.44%
160551.81% 172770.92% 10771.55%
219.86% 168.43% 268.05%

26.38% 27.72% 29.54%

24.53% 26.69% 28.43%
6.77% 4.96% 4.22%
-0.04% -5.55% 27.87%
92.99% 96.28% 96.24%

78.86% 82.83% 88.01%

0.05 0.04 0.01
95093.00 100,533.95 109,925.03
0.00 0.00 0.00

-1.42 0.82 0.45

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
4,669,164 4,712,650 4,383,660
6,141,780 6,141,780 6,141,780
302,094 311,650 311,650
(1,774,710) (1,740,780) (2,069,770)
92,251 (157,735) (215,171)
14,134,026 14,608,015 16,259,548
0 0 0
13,391,904 14,367,132 15,352,993
463,117 39,000 643,575
279,005 201,883 262,980
18,895,441 19,162,930 20,428,037
20,420 28,328 22,985
72,705 83,494 54,665
950,000 4,000,000 1,950,000
13,183,821 9,700,440 11,832,050
4,355,087 5,137,036 5,873,295
1,637,100 1,980,900 1,591,672
1,517,564 1,543,952 1,522,985
2,837,523 3,593,084 4,350,310
87,697 80,458 62,361
1,743,275 1,677,126 2,155,666

1,179,031 1,016,924 1,428,129

865,788 752,303 1,168,533
313,243 264,621 259,596
(1,161,501) 64,650 127,220
1,474,744 199,971 132,376
118,497 318,349 78,389
561,422 434,194 471,407
409,099 404,423 429,461
1,031,819 84,126 (260,642)
791,170 47,781 (322,959)

614,178 614,178 614,178

0.00 0.00 0.00
0.00 0.00 0.00
3,857,195 (5,280,156) 4,988,077
2,195,876 2,033,523 1,280,909

26.57% 26.02% 18.18%

1.66% 1.38% 1.27%
16.94% 1.01% -7.37%
4.19% 0.25% -1.58%
0.63% 1.66% 0.38%
0.08 1.04% 0.65%
73.43% 73.98% 81.82%
0.40 4.81 -1.65
0.43 0.33 0.31
3.45 1.27 5.48
1.29 0.08 -0.53

0.49% 0.58% 0.38%

69.77% 50.62% 57.92%
15.02% 18.75% 0.21
 2.45% 0.00 3.15%
0.75 76.23% 79.59%
940.39% 13171.89% 9.13
31.43% 35.66% 36.72%

37.59% 38.56% 0.27

34.85% 30.06% 25.93%
35.06% 42.03% 36.31%
-76.54% 4.19% 8.35%
0.93 77.94% 95.68%

24.71% 24.59% 21.46%

0.47 0.43 0.29
7.60 7.67 7.14
0.10 0.01 0.15

4.88 -110.51 -15.44

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
8,106,752 8,059,817 8,103,513
6,150,000 6,150,000 6,150,000
984,427 1,071,761 1,164,643
972,325 838,056 788,870
354,446 63,540 39,425
31,345,157 56,546,033 49,967,534
0 0 0
25,150,898 44,607,690 39,961,645
5,342,975 10,501,149 9,010,490
851,284 1,437,194 995,399
39,806,355 64,669,390 58,110,472
88,884 172,121 122,604
1,670,921 2,010,079 2,275,589
935,826 2,038,288 5,434,296
20,831,182 40,240,634 28,433,357
15,900,129 19,663,753 21,061,394
1,218,843 964,378 711,233
1,065,278 875,260 580,692
14,834,851 18,788,493 20,480,702
85,263 81,901 96,169
1,359,428 1,337,874 1,267,755

2,287,972 3,955,607 3,550,116

1,436,373 3,099,597 2,710,409
851,599 856,010 839,707
6,648 (168,313) (332,101)
844,951 1,024,323 1,171,808
827,673 340,437 161,564
647,335 620,227 584,028
658,798 573,254 552,165
1,025,289 744,533 749,344
705,614 436,668 464,410

615,000 615,000 615,000

0.00 0.00 0.00
0.00 0.00 0.00
4,624,456 288,193 (10,063,973)
3,956,292 6,838,492 19,695,692

37.22% 21.64% 23.65%

2.14% 1.32% 1.45%
0.09 5.42% 5.73%
1.77% 0.68% 0.01
2.08% 0.53% 0.28%
2.12% 1.58% 2.02%
62.78% 78.36% 76.35%
0.64 0.77 0.74
0.21 0.14 0.16
0.80 1.68 3.42
1.15 0.71 0.76

4.42% 3.37% 4.13%

52.33% 62.23% 48.93%
37.27% 29.05% 35.24%
13.42% 16.24% 15.51%
78.74% 87.44% 85.99%
297.59% 187.25% 233.74%
52.14% 35.68% 43.01%

7.67% 0.05 3.38%

0.07 4.45% 2.76%
15.03% 11.97% 8.78%
0.62% -19.23% -57.19%
0.87 90.76% 81.65%

20.37% 12.46% 13.95%

0.49 0.85 2.43
 13.18 13.11 13.18
0.66 1.30 1.11

6.55 0.66 -21.67

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
9,920,576 10,631,641 10,810,168
6,600,000 6,600,000 6,600,000
1,159,890 1,285,354 1,366,864
2,160,686 2,746,287 2,843,304
2,465,364 1,573,785 1,838,548
11,945,807 9,961,259 6,541,869
0 0 0
10,717,908 9,076,846 5,771,338
131,399 7,500 7,500
1,096,500 876,913 763,031
24,331,747 22,166,685 19,190,585
34,289 40,303 54,652
116,132 123,073 326,583
340,000 0 2,818,407
11,349,103 9,468,148 4,159,040
10,466,678 10,584,039 10,028,182
2,796,202 2,592,937 3,109,538
2,210,415 2,126,145 2,162,853
8,256,263 8,457,894 7,865,329
2,625,410 2,518,447 3,117,420
1,610,550 1,558,820 849,154

1,334,803 1,230,375 1,000,387

500,787 487,321 397,182
834,016 743,054 603,205
267,082 238,606 (77,235)
566,934 504,448 680,440
725,031 732,250 445,597
329,113 376,788 427,576
344,482 376,788 427,576
962,852 859,910 698,461
476,113 627,318 407,553
 660,000 660,000 660,000
0.00 0.00 0.00
0.00 0.00 0.00
(2,091,951) (714,663) (4,852,098)
2,424,736 2,573,810 2,410,867

62.48% 60.39% 0.60

3.43% 3.35% 3.14%
0.05 0.06 3.77%
1.96% 2.83% 2.12%
2.98% 0.03 2.32%
2.33% 2.28% 3.55%
37.52% 39.61% 0.40
0.36 0.44 0.61
0.16 0.19 0.30
0.48 0.51 0.96
0.72 0.95 0.62

0.62% 0.74% 1.99%

46.64% 42.71% 21.67%
33.93% 38.16% 40.99%
0.54% 0.03% 0.04%
0.49 44.94% 34.09%
7965.57% 141120.52% 133709.09%
96.47% 116.51% 173.53%

26.72% 0.25 31.01%

21.12% 20.09% 21.57%
28.19% 24.39% 28.76%
12.08% 11.22% -3.57%
79.05% 0.82 69.56%

40.77% 47.96% 56.33%

0.24 0.24 0.22
15.03 16.11 16.38
0.01 0.00 0.00

-4.39 -1.14 -11.91

(Thousand Rupees)
2016 2017 2018
28,125,443 35,872,132 50,874,057
21,443,298 24,477,784 27,678,113
2,977,973 4,126,727 14,570,204
3,704,172 7,267,621 8,625,740
(3,610,302) (3,463,477) (2,901,342)
145,615,827 215,106,548 278,539,757
 110,670 136,194 141,654
13,728,881 13,017,323 17,011,065
120,173,249 185,909,900 238,556,412
11,603,027 16,043,131 22,830,626
170,130,968 247,515,203 326,512,472
9,534,721 12,224,551 16,246,986
23,705,997 26,690,384 43,464,211
2,151,981 4,292,591 9,833,315
30,964,763 44,674,356 37,008,966
89,637,080 136,663,986 189,658,351
2,279,323 2,459,310 5,105,742
1,894,075 2,537,140 4,509,407
87,743,005 134,126,846 185,148,944
5,142,024 7,256,382 10,805,498
10,888,477 18,250,093 24,004,552

23,150,854 35,657,987 50,401,036

6,749,847 11,298,551 15,845,443
16,401,007 24,359,436 34,555,591
2,168,562 1,949,653 4,526,916
14,232,445 22,409,783 30,028,672
5,283,756 12,897,011 13,725,984
14,720,318 27,590,761 36,248,542
14,602,859 27,272,924 25,848,779
4,795,884 7,716,038 7,506,113
3,180,677 5,292,818 3,892,955

2,126,929 2,398,762 2,882,921

N/A N/A N/A
N/A N/A N/A
27,949,865 18,399,378 804,447
103,140 286,493 201,377

70.84% 68.31% 68.56%

9.64% 9.84% 10.58%
11.31% 14.75% 7.65%
1.87% 2.14% 1.19%
3.11% 5.21% 0.04
8.37% 9.05% 0.09
29.16% 31.69% 31.44%
3.04 3.53 3.44
51.77% 56.82% 56.53%
2.76 2.11 1.88
1.50 2.21 1.35

19.54% 15.72% 18.29%

0.18 18.05% 11.33%
 51.57% 54.19% 56.71%
70.64% 75.11% 73.06%
85.59% 86.91% 85.31%
74.59% 73.51% 0.80
66.94% 0.69 74.21%

2.54% 0.02 2.69%

2.11% 1.86% 2.38%
0.08 6.86% 10.04%
114.49% 76.84% 100.39%
0.83 103.16% 88.32%

16.53% 14.49% 15.58%

0.00 0.01 0.00
13.22 14.95 17.65
4.27 5.18 4.69

8.79 3.48 0.21

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
437,757 624,542 510,334
974,000 1,290,163 1,290,163
0 0 0
(536,243) (665,621) (779,829)
177,418 5,617 1,149
69,281 372,942 785,118
0 0 0
0 0 100,000
21,469 301,626 552,311
47,812 71,316 132,807
684,456 1,003,101 1,296,601
12,248 187,332 101,999
307,173 134,834 28,247
0 0 0
59,117 0 0
212,109 567,783 998,490
5,577 12,419 28,394
4,511 9,166 20,460
207,598 558,617 978,030
 57,375 56,399 97,995
40,945 65,919 90,330

79,112 146,175 316,800

830 7,909 51,338
78,282 138,266 265,462
12,772 11,319 33,603
65,510 126,947 231,859
23,642 41,355 56,783
246,614 302,789 402,105
243,716 295,896 390,978
(157,462) (134,486) (113,462)
(205,887) (129,378) (114,209)

80,000 80,000 129,016

0.00 0.00 0.00
0.00 0.00 0.00
(168,668) (181,792) (127,013)
0 0 0

98.95% 94.59% 83.79%

11.44% 13.78% 20.47%
-47.03% -20.72% -22.38%
-30.08% -0.13 -8.81%
3.45% 4.12% 4.38%
9.57% 12.66% 17.88%
1.05% 5.41% 16.21%
-1.55 -2.20 -3.45
2.40 161.46% 107.63%
10.31 7.16 6.89
-2.57 -1.62 -0.89

46.67% 32.12% 10.05%

8.64% 0.00 0.00
30.33% 55.69% 75.43%
3.14% 30.07% 0.43
10.12% 37.18% 60.55%
987.98% 188.24% 180.78%
987.98% 188.24% 153.07%

2.63% 2.19% 2.84%

2.13% 1.61% 2.05%
1.27% 1.99% 5.56%
283.13% 123.49% 164.24%
80.89% 73.81% 72.06%

63.96% 62.26% 39.36%

 0.00 0.00 0.00
5.47 7.81 3.96
0.05 0.48 1.08

0.82 1.41 1.11

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,244,270 1,464,759 1,515,358
2,200,000 2,500,000 2,500,000
1,279 1,279 11,932
(957,009) (1,036,520) (996,574)
(537,071) (444,346) (41,612)
12,846,804 12,963,177 16,149,301
0 0 0
204,002 202,285 9,369
12,347,071 12,528,727 15,866,331
295,731 232,165 273,601
13,554,003 13,983,590 17,623,047
1,028,052 1,202,270 1,585,616
4,280,247 4,048,779 2,910,831
0 0 0
605,409 658,483 884,469
6,397,188 5,983,811 10,087,136
1,484,012 1,315,627 1,309,014
913,163 757,264 921,396
5,484,025 5,226,547 9,165,740
821,090 881,491 857,383
1,335,180 1,966,020 2,219,008

1,441,502 1,577,980 2,157,835

671,551 703,944 800,799
769,951 874,036 1,357,036
845,921 (131,198) (62,826)
(75,970) 1,005,234 1,419,863
112,898 115,062 276,284
1,134,506 1,308,599 1,595,647
1,107,253 1,308,599 1,595,647
(1,097,578) (188,302) 100,500
(735,524) (79,511) 53,261
 220,000 250,000 250,000
0.00 0.00 0.00
0.00 0.00 0.00
3,593,023 (271,022) (679,158)
0 0 0

53.41% 55.39% 62.89%

5.68% 6.25% 0.08
-59.11% -5.43% 3.51%
-5.43% -0.57% 0.00
0.83% 0.82% 1.57%
-0.56% 7.19% 8.06%
46.59% 44.61% 37.11%
-1.01 -6.95 15.88
72.99% 77.29% 65.55%
9.81 11.37 5.78
-3.34 -0.32 0.21

39.16% 37.55% 25.51%

4.47% 4.71% 5.02%
40.46% 37.38% 52.01%
0.91 0.90 90.03%
94.78% 0.93 91.64%
51.81% 47.76% 63.58%
50.97% 0.47 63.54%

0.23 21.99% 12.98%

14.27% 12.66% 9.13%
119.27% 89.82% 86.38%
92.64% -17.33% -6.82%
61.53% 57.56% 70.39%

9.18% 10.47% 0.09

0.00 0.00 0.00
5.66 5.86 6.06
9.92 8.55 10.47

-4.88 3.41 -12.75

Financial Sector 2018

 (Thousand Rupees)
2016 2017 2018
6,458,395 7,267,668 7,968,028
6,348,887 6,348,887 6,348,887
195,022 365,982 557,278
(85,514) 552,799 1,061,863
(4,025,842) (3,984,436) (3,935,640)
13,185,412 21,858,654 28,247,372
14,625 81,872 61,356
1,350,002 1,668,982 3,318,501
11,069,656 19,183,926 23,741,812
751,129 923,874 1,125,703
15,617,965 25,141,886 32,279,760
809,675 976,429 1,639,249
1,248,485 1,556,695 2,489,462
0 0 0
1,885,329 5,209,160 3,827,477
10,209,128 15,110,644 20,868,935
114,977 224,155 392,188
126,864 247,303 288,406
10,082,264 14,863,341 20,580,529
920,847 1,220,666 1,748,345
671,365 1,315,595 1,994,698

2,986,050 4,808,929 6,531,286

647,593 1,256,381 1,828,404
2,338,457 3,552,548 4,702,881
219,211 406,595 434,916
2,119,246 3,145,953 4,267,965
549,776 693,478 801,885
1,681,427 2,461,178 3,489,903
1,669,761 2,437,692 3,453,480
987,595 1,378,254 1,579,947
630,896 854,798 956,480

634,889 634,889 750,000

0.00 0.00 0.00
0.00 0.00 0.00
2,371,848 1,870,197 620,034
0 0 0

78.31% 73.87% 72.01%

14.97% 14.13% 14.57%
9.77% 11.76% 0.12
4.04% 0.03 2.96%
3.52% 2.76% 2.48%
13.57% 12.51% 13.22%
 21.69% 26.13% 27.99%
1.69 1.77 2.19
47.55% 44.73% 47.59%
3.04 3.52 4.31
0.99 1.35 1.28

13.18% 10.08% 12.79%

12.07% 20.72% 11.86%
64.56% 59.12% 63.76%
70.88% 0.76 73.55%
84.42% 86.94% 87.51%
92.23% 78.77% 0.88
0.82 72.46% 77.12%

1.13% 1.48% 1.88%

1.24% 1.64% 1.38%
1.78% 3.08% 4.92%
172.79% 164.41% 1.51
110.34% 110.33% 73.54%

41.35% 28.91% 24.68%

0.00 0.00 0.00
10.17 11.45 10.62
1.71 2.64 2.98

3.76 2.19 0.65

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
4,937,238 6,354,266 8,198,502
1,705,001 1,705,001 1,705,000
865,421 1,225,534 1,717,290
2,366,816 3,423,731 4,776,212
(141) 1,509 948
28,836,382 52,605,428 62,272,502
78,396 0 0
6,199,882 4,782,681 2,964,872
21,179,403 45,746,861 56,017,988
1,378,701 2,075,886 3,289,642
33,773,479 58,961,203 70,471,952
 1,300,650 1,664,251 1,792,737
1,387,702 2,399,132 7,498,358
1,544,066 474,532 1,837,749
2,967,965 16,297,590 8,915,710
23,308,981 32,813,744 44,095,601
422,134 381,553 627,831
369,450 597,752 721,299
22,939,531 32,215,992 43,374,302
719,730 1,141,596 1,353,528
2,913,835 4,768,110 5,699,568

5,926,210 8,740,750 11,926,025

1,807,109 2,995,881 4,590,105
4,119,101 5,744,869 7,335,920
684,807 712,645 778,230
3,434,294 5,032,224 6,557,690
1,118,659 1,339,898 1,638,551
2,773,871 3,883,141 4,725,916
2,775,914 3,857,042 4,706,553
1,779,082 2,488,981 3,470,325
1,272,734 1,800,565 2,458,786

170,500 170,500 170,500

0.00 0.00 0.00
0.00 0.00 0.00
1,047,563 15,694,279 549,262
25,216 0 0

69.51% 65.73% 61.51%

0.12 9.74% 10.41%
25.78% 28.34% 29.99%
3.77% 3.05% 3.49%
3.31% 2.27% 2.33%
10.17% 8.53% 9.31%
30.49% 34.27% 38.49%
1.56 1.55 1.36
39.37% 38.52% 34.84%
2.48 2.88 2.87
7.46 10.56 14.42

7.96% 6.89% 13.18%

8.79% 27.64% 12.65%
67.92% 54.64% 61.55%
62.71% 77.59% 79.49%
85.38% 89.22% 88.36%
110.05% 71.73% 78.72%
85.13% 64.94% 74.76%
 1.81% 1.16% 1.42%
1.59% 1.82% 1.64%
8.55% 0.06 7.66%
185.36% 119.22% 107.89%
87.52% 156.66% 114.89%

14.62% 10.78% 11.63%

0.01 0.00 0.00
28.96 37.27 48.09
4.29 7.20 6.83

0.82 8.72 0.22

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,218,956 3,062,142 3,835,587
1,451,754 2,713,597 2,713,597
46,152 168,570 332,174
(278,950) 179,975 789,816
11,538 42,493 128,227
13,003,363 17,476,241 24,150,880
0 0 0
0 0 0
10,306,362 14,943,057 22,091,486
2,697,001 2,533,184 2,059,394
14,233,857 20,580,876 28,114,694
747,930 1,071,464 2,134,916
4,742,891 3,047,343 5,162,381
0 0 0
1,495,053 4,527,807 5,408,582
5,933,962 10,002,318 12,713,805
2,323 31,232 161,859
75,138 182,972 285,428
5,858,824 9,819,346 12,428,377
388,448 462,744 729,542
1,000,711 1,652,172 2,250,896

1,241,070 2,616,677 3,356,863

255,330 510,086 389,543
 985,740 2,106,591 2,967,320
67,611 115,701 197,192
918,129 1,990,890 2,770,127
599,661 541,249 513,589
1,182,955 1,651,540 2,062,915
1,179,326 1,648,857 2,058,286
334,835 880,599 1,220,801
230,758 612,089 818,021

145,175 271,360 271,359

0.00 0.00 0.00
0.00 0.00 0.00
4,410,284 632,583 4,363,261
0 172,627 130,791

79.43% 80.51% 0.88

6.93% 10.24% 10.55%
18.93% 19.99% 21.33%
1.62% 2.97% 2.91%
4.21% 2.63% 1.83%
6.45% 9.67% 9.85%
20.57% 19.49% 0.12
3.52 1.87 1.69
64.27% 0.52 0.53
1.97 3.05 4.01
1.59 2.26 3.01

38.58% 20.01% 25.96%

0.11 0.22 19.24%
41.16% 47.71% 44.21%
72.41% 72.61% 78.58%
91.36% 84.91% 0.86
57.58% 66.94% 57.55%
57.58% 66.94% 57.55%

0.04% 0.31% 1.27%

1.27% 1.83% 2.25%
0.19% 1.02% 4.22%
89.98% 63.23% 69.09%
3234.52% 585.85% 176.34%

8.56% 14.88% 13.64%

0.00 0.06 0.03
8.40 11.28 14.13
8.46 4.88 5.76

19.11 1.03 5.33

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
3,106,336 3,869,522 4,417,174
1,498,372 1,498,372 1,498,372
357,739 522,034 640,217
1,250,225 1,849,116 2,278,585
97,393 144,388 190,583
23,248,698 29,575,599 33,742,828
0 0 0
4,677,175 3,293,888 4,531,800
16,922,084 23,671,820 26,263,175
1,649,439 2,609,891 2,947,853
26,452,427 33,589,509 38,350,585
1,199,469 1,642,950 1,120,908
4,067,413 5,223,370 3,699,044
0 0 2,522,202
6,109,061 2,696,483 3,458,697
13,271,040 20,934,194 23,777,633
48,060 69,041 646,269
144,309 228,385 466,511
13,126,731 20,705,809 23,311,122
353,177 533,617 1,008,607
1,596,576 2,787,280 3,230,005

3,221,206 4,976,177 6,331,528

1,239,768 2,038,967 2,226,359
1,981,438 2,937,210 4,105,168
155,329 387,510 1,154,856
1,826,109 2,549,700 2,950,312
693,344 871,122 833,261
1,558,954 2,315,149 2,885,022
1,558,766 2,313,916 2,881,731
960,499 1,105,674 898,550
684,787 821,474 590,916

149,837 149,837 149,837

0.00 0.00 0.00
0.00 0.00 0.00
3,062,825 2,556,227 (242,194)
 0 0 0

61.51% 59.03% 64.84%

7.49% 8.74% 0.11
22.04% 21.23% 13.38%
2.59% 2.45% 1.54%
2.62% 2.59% 2.17%
0.07 7.59% 7.69%
38.49% 40.97% 35.16%
1.62 2.09 3.21
39.82% 39.59% 40.27%
2.25 2.66 3.46
4.57 5.48 3.94

19.91% 20.44% 12.57%

23.09% 8.03% 9.02%
49.62% 61.64% 60.78%
63.97% 70.47% 68.48%
87.89% 88.05% 87.99%
78.42% 88.44% 90.54%
61.44% 77.63% 77.21%

0.36% 0.33% 2.72%

1.09% 1.09% 1.96%
1.55% 1.78% 14.63%
107.64% 169.67% 247.55%
300.27% 3.31 72.19%

11.74% 11.52% 11.52%

0.00 0.00 0.00
20.73 25.82 29.48
5.45 6.12 5.95

4.47 3.11 -0.41

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,069,551 2,253,153 2,307,421
1,151,820 2,308,300 2,308,300
8,363 14,275 26,320
 (90,632) (69,422) (27,199)
2,792 57,635 58,915
188,154 80,902 123,211
0 0 0
0 0 0
148,895 9,033 6,784
39,259 71,869 116,427
1,260,497 2,391,690 2,489,547
7,997 4,177 3,751
28,527 320,086 491,356
184,700 450,000 0
516,913 797,010 630,622
439,275 703,493 1,257,189
21,960 24,818 103,716
10,797 15,367 48,548
428,478 688,126 1,208,641
32,960 30,958 52,318
60,922 101,333 102,859

176,541 243,495 439,075

4,977 9,391 49
171,564 234,104 439,026
18,560 24,299 89,138
153,004 209,805 349,887
42,998 47,045 69,162
181,233 213,106 318,476
181,647 21,306 318,702
14,770 43,744 100,572
6,486 29,562 60,227

115,182 230,830 230,830

0.00 0.00 0.00
0.00 0.00 0.00
438,558 (632,477) 30,440
0 0 0

97.18% 96.14% 99.99%

13.61% 9.79% 17.63%
0.61% 1.31% 2.61%
0.51% 1.24% 2.42%
3.41% 1.97% 2.78%
12.14% 8.77% 14.05%
2.82% 3.86% 0.01%
12.30 0.49 3.17
82.55% 73.35% 62.66%
4.22 0.45 4.61
0.06 0.13 0.26
 0.03 13.56% 19.89%
41.01% 33.32% 25.33%
33.99% 28.77% 48.55%
11.81% 0.38% 0.27%
14.93% 3.38% 4.95%
295.02% 7788.03% 18531.68%
295.02% 7788.03% 18531.68%

0.05 3.53% 8.25%

2.46% 2.18% 3.86%
2.05% 0.01 4.49%
1.72 158.12% 183.61%
49.17% 61.92% 46.81%

84.85% 94.21% 92.68%

0.00 0.00 0.00
9.29 9.76 10.00
0.14 0.00 0.00

67.62 -21.39 0.51

2018
(Thousand Rupees)
2017 2018
796,929 833,108
750,000 750,000
9,880 17,496
37,049 65,612
2,470 4,374
4,507 165,971
0 0
0 76,523
1,373 77,769
3,134 11,679
803,906 1,003,453
1,005 13,416
423,921 255,910
0 0
0 100,000
341,807 589,666
 0 2,405
3,418 6,564
338,389 583,102
9,013 14,345
31,578 36,680

119,668 207,309
5 5,014
119,663 202,295
3,195 4,597
116,468 197,697
10 0
85,525 145,735
85,525 114,938
30,954 51,962
21,725 38,084

75,000 75,000
0.00 0.00
0.00 0.00
(253,586) (47,290)
0 0

1.00 97.58%
14.89% 20.16%
2.73% 4.57%
0.03 0.04
0.00 0.00
14.49% 0.20
0.00 2.42%
2.76 2.21
71.46% 0.70
8552.50 -
0.29 0.51

52.86% 26.84%
0.00 9.97%
42.09% 58.11%
0.17% 7.75%
0.56% 16.54%
248.95 758.23%
248.95 382.18%

0.00 0.41%
0.01 1.11%
0.00 0.29%
93.48% 70.03%
 - 272.93%

99.13% 83.02%
0.00 0.00
10.63 11.11
0.00 0.09

-11.67 -1.24

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
4,577,575 4,981,530 13,614,984
1,346,939 1,346,939 3,547,269
1,286,756 1,405,571 10,412,953
1,943,880 2,229,020 (345,238)
8,334 24,265 53,445
31,717,737 42,482,072 48,797,547
0 0 0
0 0 0
27,829,780 36,664,927 42,274,909
3,887,957 5,817,145 6,522,638
36,303,646 47,487,867 62,465,976
3,116,926 3,497,633 4,210,306
2,558,937 4,310,776 3,864,399
323,215 3,368,059 5,473,364
11,568,227 6,767,309 9,008,445
15,945,318 25,002,513 34,187,550
95,774 256,738 1,401,873
110,070 240,860 1,242,731
15,835,248 24,761,653 32,944,819
1,041,611 1,729,560 3,001,351
1,859,482 3,052,877 3,963,292

4,486,604 6,063,887 8,721,206

1,113,495 1,767,054 2,595,036
3,373,109 4,296,833 6,126,170
103,555 241,749 1,386,509
3,269,554 4,055,084 4,739,661
1,653,220 8,487,508 8,386,778
3,553,489 11,855,148 15,240,407
3,485,207 11,795,637 4,948,448
1,369,285 687,444 (2,113,968)
895,354 416,756 (2,515,738)

134,694 134,694 354,727

0.00 0.00 0.00
0.00 0.00 0.00
11,129,496 (1,954,717) (7,095,671)
0 0 0

75.18% 70.86% 70.24%

9.29% 9.05% 9.81%
19.56% 8.37% -18.48%
2.47% 0.88% -4.03%
4.55% 17.87% 13.43%
9.01% 8.54% 7.59%
24.82% 29.14% 29.76%
2.55 17.16 -2.34
57.88% 81.47% 89.08%
2.11 1.39 0.59
6.65 3.09 -7.09

15.63% 16.44% 12.93%

31.87% 14.25% 14.42%
43.62% 52.14% 52.74%
76.66% 77.21% 67.68%
87.37% 89.46% 78.12%
0.57 68.19% 80.87%
0.57 68.19% 80.87%

0.01 1.03% 0.04

0.69% 0.96% 3.64%
2.09% 5.15% 0.10
94.08% 100.37% 111.57%
114.93% 93.82% 88.65%

12.61% 10.49% 0.22

0.00 0.00 0.00
33.98 36.98 38.38
6.08 7.36 3.11

12.43 -4.69 2.82

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
3,151,958 3,792,879 4,884,044
2,730,811 2,730,811 2,730,811
189,569 326,723 675,629
231,578 735,345 1,477,604
678,546 712,670 619,283
13,047,727 21,435,139 32,121,953
0 0 0
297,820 0 0
12,237,466 20,887,192 31,129,077
512,441 547,947 992,876
16,878,231 25,940,688 37,625,280
840,523 1,204,886 2,186,701
2,111,977 2,638,550 6,036,912
0 0 0
4,627,558 5,934,139 2,807,140
8,273,926 14,554,966 23,857,102
58,873 95,284 214,267
90,698 160,298 302,658
8,183,228 14,394,668 23,554,444
496,359 724,983 1,187,584
618,586 1,043,462 1,852,499

2,480,263 3,719,299 6,047,176

580,886 856,648 1,682,653
1,899,377 2,862,651 4,364,523
15,612 91,586 250,988
1,883,765 2,771,065 4,113,535
170,561 302,185 509,209
1,565,782 2,065,998 3,112,150
1,559,937 2,061,717 3,112,150
488,544 1,007,252 1,510,594
316,259 685,772 1,000,070

273,081 273,081 273,081

0.00 0.00 0.00
0.00 0.00 0.00
(125,592) 2,217,887 1,546,005
0 0 0

76.58% 76.97% 72.17%

11.25% 11.04% 0.12
10.03% 18.08% 20.48%
 1.87% 2.64% 2.66%
1.01% 1.16% 1.35%
11.16% 10.68% 10.93%
23.42% 23.03% 27.83%
3.19 2.05 2.06
59.07% 51.37% 47.47%
9.15 6.82 6.11
1.16 2.51 3.66

17.49% 14.82% 21.86%

27.42% 22.88% 7.46%
48.48% 55.49% 0.63
0.73 80.52% 82.73%
77.31% 82.63% 85.37%
67.61% 69.68% 76.64%
66.01% 69.68% 76.64%

0.71% 0.65% 0.01

0.01 0.01 1.27%
1.87% 2.51% 4.39%
17.21% 57.13% 82.93%
154.06% 168.23% 141.25%

18.67% 14.62% 12.98%

0.00 0.00 0.00
11.54 13.89 17.88
3.88 5.51 6.37

-0.40 3.23 1.55

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,147,117 1,404,742 2,789,517
1,285,714 1,285,714 2,285,714
22,137 86,879 178,915
(160,734) 32,149 324,888
(24,653) (25,742) 18,986
9,469,250 16,251,887 31,983,074
17,649 54,322 80,298
1,000,000 3,069,487 6,010,000
 8,109,924 11,971,358 20,534,770
341,677 1,156,720 5,358,006
10,591,714 17,630,887 34,791,577
470,734 772,154 1,457,387
2,391,207 2,586,898 11,027,311
0 0 0
1,130,131 1,786,375 1,967,824
5,576,802 10,648,713 17,225,244
25,633 48,443 217,926
48,381 94,355 205,406
5,528,421 10,554,358 17,019,838
303,027 465,355 754,500
768,194 1,465,747 2,564,717

1,051,487 2,644,950 4,365,933

428,308 1,152,285 1,676,143
623,179 1,492,665 2,689,790
44,490 86,252 259,713
578,689 1,406,413 2,430,076
318,981 458,099 640,482
802,097 1,448,588 2,270,266
801,942 1,446,737 2,267,866
95,573 415,924 800,292
72,353 258,966 547,057

128,571 128,571 228,571

0.00 0.00 0.00
0.00 0.00 0.00
2,258,472 (1,278,201) 1,886,771
77,924 113,866 70,586

59.27% 56.43% 61.61%

5.88% 8.47% 7.73%
6.31% 18.44% 19.61%
0.68% 1.47% 1.57%
3.01% 0.03 1.84%
5.46% 7.98% 6.98%
40.73% 43.57% 38.39%
8.39 3.48 2.83
58.53% 46.68% 45.35%
2.51 3.16 3.54
0.56 2.01 2.39

27.02% 19.05% 35.88%

10.67% 10.13% 5.66%
0.52 59.86% 48.92%
76.57% 0.68 59.02%
 0.89 92.18% 91.93%
68.77% 88.95% 83.88%
61.22% 0.71 64.89%

0.46% 0.45% 1.27%

0.87% 0.89% 1.19%
2.23% 3.45% 7.81%
91.96% 91.41% 126.44%
188.74% 194.78% 94.25%

10.83% 7.97% 8.02%

0.07 0.08 0.03
8.92 10.93 12.20
7.07 8.52 7.36

31.21 -4.94 3.45

(Thousand Rupees)
2016 2017 2018
5,542,829 5,744,191 7,715,554
3,634,811 3,634,811 3,706,107
2,419,843 2,469,903 4,036,125
(511,825) (360,523) (26,678)
137,969 135,346 126,296
27,065,289 26,094,898 23,982,778
14,128,361 12,880,261 11,146,761
6,340,528 6,872,928 5,889,089
6,755,018 4,885,143 4,031,104
1,032,815 1,122,190 1,226,568
12,936,928 13,214,637 12,836,017
32,746,087 31,974,435 31,824,628
16,203,595 16,393,964 16,082,386
19,763,356 19,800,686 20,708,433
2,317,866 1,845,039 1,708,860
(5,877,627) (5,251,761) (6,334,907)
16,542,492 15,580,471 15,742,242
1,594 3,164 12,172
608,627 631,755 527,474
1,326,712 985,808 842,377
10,000 9,291 63,291
1,946,933 1,630,018 1,445,314
14,595,559 13,950,453 14,296,928

2,598,527 2,684,917 2,762,686

589,792 528,860 378,020
3,188,319 3,213,777 3,140,706
514,631 548,591 638,679
 771,701 601,733 1,153,916
4,474,651 4,364,101 4,933,301
1,144,413 1,239,765 1,294,379
906,900 1,164,787 1,857,447
665,685 816,261 1,430,372

303,157 303,157 1,563,198

N/A N/A N/A
N/A N/A N/A
(1,192,567) 872,793 (1,340,832)

12.01% 14.21% 18.54%

4.58% 6.21% 9.78%
2.03% 2.55% 4.49%
14.88% 0.19 28.99%
71.25% 73.64% 63.66%
1.72 1.52 0.90
2.20 2.69 0.92

5.95% 0.05 4.54%

60.35% 61.93% 65.07%
1.28 1.18 1.23
0.83 0.82 0.75

16.93% 17.96% 24.24%

18.28 18.95 4.94

-1.79 1.07 -0.94

-0.09 0.07 -0.10

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
168,034 189,070 222,863
107,444 107,444 107,444
31,812 36,019 42,777
28,778 45,607 72,642
0 0 0
97,721 164,818 184,509
44,613 109,809 117,205
0 0 0
 0 0 0
44,613 109,809 117,205
53,108 55,009 67,304
265,755 353,888 407,372
196,882 153,513 294,578
0 0 0
175,277 131,593 268,819
21,605 21,920 25,759
68,873 200,375 112,794
19 735 726
245 0 0
0 0 0
0 9,291 9,291
264 10,026 10,017
68,609 190,349 102,777

0 0 0
51,260 52,507 64,460
51,260 52,507 64,460
0 0 0
1,381 0 0
52,641 52,507 64,460
9,294 12,166 8,234
32,309 31,819 40,760
19,884 21,036 33,794

10,744 10,744 10,744

0.00 0.00 0.00
0.00 0.00 0.00
77,993 (112,924) 117,513

11.83% 11.13% 15.16%

15.19% 10.65% 11.99%
7.48% 5.94% 0.08
37.77% 40.06% 52.43%
97.38% 1.00 1.00
0.47 0.58 0.24
1.85 1.96 3.15

0.00 2.83% 2.46%

0.00 0.00 0.00
1.30 3.64 1.68
0.37 0.47 0.45

63.23% 53.43% 54.71%

15.64 17.60 20.74
 3.92 -5.37 3.48
1.47 -2.05 1.75

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
74,626 73,768 69,363
215,000 215,000 215,000
59,256 59,257 59,257
(199,630) (200,489) (204,894)
0 0 0
173,407 194,717 202,723
28,253 40,446 40,975
0 0 0
26,883 39,022 39,224
1,370 1,424 1,751
145,154 154,271 161,748
248,033 268,485 272,086
56,976 80,584 85,128
54,320 78,572 83,635
2,126 1,732 1,431
530 280 62
191,057 187,901 186,958
14 869 274
4,231 2,160 4,021
0 0 0
0 0 0
4,245 3,029 4,295
186,812 184,872 182,663

9,712 10,069 9,403

0 0 0
9,712 10,069 9,403
0 0 0
510 841 490
10,222 10,910 9,893
11,431 11,215 11,988
176 (425) (2,689)
(714) (904) (4,378)

21,500 21,500 21,500

 0.00 0.00 0.00
0.00 0.00 0.00
1,404 (6,397) (5,557)

-0.96% -1.23% -6.31%

0.17% -0.37% -2.44%
-0.29% -0.34% -1.61%
-6.98% -8.29% -44.25%
95.01% 92.29% 95.05%
-16.01 -12.41 -2.74
-0.03 -0.04 -0.20

1.71% 1.13% 1.58%

0.22 29.26% 30.74%
1.32 1.22 1.16
0.70 0.73 0.75

30.09% 27.48% 25.49%

3.47 3.43 3.23

-1.97 7.08 1.27

0.01 -0.04 -0.03

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
4,176,712 4,466,445 7,248,880
820,828 820,828 1,392,124
1,709,738 1,746,175 3,428,393
1,646,146 1,899,442 2,428,363
0 0 0
22,723,381 21,629,162 19,449,874
12,773,058 11,522,921 9,725,034
6,147,989 6,707,294 5,796,539
5,888,173 4,000,333 3,225,369
736,896 815,294 703,126
9,950,323 10,106,241 9,724,840
26,900,093 26,095,607 26,698,754
13,163,271 13,237,772 13,183,153
17,838,673 17,667,231 18,840,808
1,765,367 1,532,753 1,304,317
(6,440,769) (5,962,212) (6,961,972)
13,736,822 12,857,835 13,515,601
1,309 1,309 1,408
332,278 340,575 498,407
1,218,977 913,882 772,588
0 0 0
1,552,564 1,255,766 1,272,403
12,184,258 11,602,069 12,243,198

2,324,490 2,416,994 2,531,120

534,394 474,221 312,867
2,858,884 2,891,215 2,843,987
506,881 543,065 633,584
704,671 596,663 994,388
4,070,436 4,030,943 4,471,959
856,540 966,310 1,094,162
976,669 1,158,010 1,719,754
759,978 841,244 1,379,623

82,083 82,083 1,392,124

0.45 0.30 0.30
0.00 0.00 0.00
(1,535,641) 942,200 (1,254,704)

0.18 18.83% 19.03%

5.76% 7.24% 10.13%
2.83% 3.22% 5.17%
18.67% 20.87% 30.85%
70.24% 71.73% 0.64
1.13 1.15 0.79
9.26 10.25 0.99

5.77% 4.81% 4.77%

66.31% 0.68 70.57%
1.38 1.27 1.39
0.84 0.83 0.73

15.53% 17.12% 27.15%

50.88 54.41 5.21

-2.02 1.12 -0.91

-0.15 0.09 -0.13
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
546,896 583,374 633,716
253,698 253,698 253,698
74,148 83,563 97,437
219,050 246,113 282,581
81,700 92,583 93,320
1,222,579 1,475,305 1,821,782
657,223 755,443 986,793
0 20,833 4,167
482,845 545,858 587,231
174,378 188,752 395,395
565,356 719,862 834,989
1,851,175 2,151,262 2,548,818
1,276,529 1,534,005 1,703,375
1,039,543 1,315,938 1,495,119
209,486 56,606 40,724
27,500 161,461 167,532
574,646 617,257 845,443
1 0 0
44,295 63,565 15,601
16,259 39,300 40,387
0 0 0
60,555 102,865 55,988
514,091 514,392 789,455

142,476 153,030 178,155

0 0 0
142,476 153,030 178,155
5,960 5,522 5,090
3,236 13,659 17,135
151,672 172,211 200,380
72,290 76,481 72,584
51,186 65,501 80,602
40,714 47,076 69,368

25,370 25,370 25,370

0.05% 0.08 0.13
0.00 0.00 0.00
10,719 (123,264) (182,134)

7.44% 8.07% 10.95%

3.98% 4.58% 0.05
0.02 2.19% 2.72%
 26.84% 27.34% 34.62%
93.94% 88.86% 88.91%
1.78 1.62 1.05
1.60 1.86 2.73

3.27% 4.78% 0.02

56.16% 61.17% 58.66%
1.02 0.86 1.01
0.66 0.69 0.71

29.54% 27.12% 24.86%

21.56 22.99 24.98

0.26 -2.62 -2.63

0.02 -0.17 -0.22

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
156,955 133,250 111,682
320,000 320,000 320,000
48,466 48,466 48,466
(211,511) (235,216) (256,784)
0 0 0
346,812 344,394 397,318
204,737 177,555 188,291
0 0 0
199,584 170,644 179,200
5,153 6,911 9,091
142,075 166,839 209,027
503,767 477,644 509,000
421,607 361,068 344,622
342,510 289,283 273,330
8,648 6,500 5,076
70,449 65,285 66,216
82,160 116,576 164,378
79 88 88
2,441 1,815 6,042
0 0 0
0 0 0
2,520 1,903 6,130
 79,640 114,673 158,248

32,531 26,671 31,160

0 0 0
32,531 26,671 31,160
1,790 4 5
3,094 687 286
37,415 27,362 31,451
38,111 40,548 43,642
(13,057) (22,177) (21,011)
(13,382) (22,510) (21,361)

32,000 32,000 32,000

0.00 0.00 0.00
0.00 0.00 0.00
16,425 (6,462) (27,055)

-8.53% -16.89% -19.13%

-3.61% -7.14% -0.07
-2.66% -4.71% -0.04
-35.77% -82.27% -67.92%
86.95% 97.47% 99.07%
-2.85 -1.80 -2.04
-0.42 -0.70 -0.67

0.01 0.00 0.01

67.99% 60.56% 0.54
0.58 0.70 0.79
0.69 0.72 0.78

31.16% 0.28 21.94%

4.90 4.16 3.49

-1.23 0.29 1.27

0.12 -0.04 -0.13

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
(556,764) (646,184) (693,390)
979,813 979,813 979,813
 177,928 177,928 177,928
(1,714,505) (1,803,925) (1,851,131)
25,764 15,864 10,631
1,544,668 1,356,514 1,385,478
74,155 0 0
0 0 0
3,750 0 0
70,405 0 0
1,470,513 1,356,514 1,385,478
1,013,668 726,194 702,719
115,033 67,465 54,211
8,752 0 0
64,673 32,119 21,541
41,608 35,346 32,670
898,635 658,729 648,508
88 79 9,645
3,335 8,308 94
88,407 29,557 29,402
0 0 0
91,830 37,944 39,141
806,805 620,785 609,367

16,195 5,760 9,052

2,556 2,132 693
18,751 7,892 9,745
0 0 0
42,134 5,535 2,238
60,885 13,427 11,983
59,868 43,232 39,433
(190,826) (68,755) (52,263)
(192,928) (69,309) (52,674)

45,160 45,160 45,160

0.00 0.00 0.00
0.00 0.00 0.00
34,965 (11,473) (580)

34.65% 10.73% 0.08

41.77% 10.91% 7.65%
-19.03% -9.54% -0.08
-316.87% -516.19% -439.57%
0.31 58.78% 81.32%
-0.31 -0.62 -0.75
-4.27 -1.53 -1.17

9.06% 5.23% 5.57%

0.86% 0.00 0.00
 0.61 0.49 0.47
1.52 1.87 1.97

-54.93% -88.98% -98.67%

-12.33 -14.31 -15.35

-0.18 0.17 0.01

0.02 -0.01 0.00

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
124,594 92,692 122,440
438,028 438,028 438,028
181,867 181,867 181,867
(495,301) (527,203) (497,455)
29,699 26,093 22,345
660,808 634,075 541,094
217,631 145,396 88,463
192,539 144,801 88,383
25,092 595 80
0 0 0
443,177 488,679 452,631
815,101 752,860 685,879
504,806 491,066 417,319
46,734 16,838 15,541
82,189 73,636 66,952
375,883 400,592 334,826
310,295 261,794 268,560
39 39 31
10,578 4,108 3,309
0 0 0
10,000 0 54,000
20,617 4,147 57,340
289,678 257,647 211,220

2,596 1,866 3,796

1,582 0 0
4,178 1,866 3,796
0 0 0
7,101 (25,226) 139,379
 11,279 (23,360) 143,175
38,991 31,925 24,336
(10,232) (59,861) 92,294
15,378 (37,127) 26,000

36,300 36,300 36,300

0.00 0.00 0.00
0.00 0.00 0.00
14,216 3,761 11,685

12.34% -40.05% 21.23%

-2.75% -22.66% 39.57%
1.89% -4.93% 3.79%
136.34% 158.93% 18.16%
37.04% -7.99% 2.65%
2.54 -0.86 0.94
0.42 -1.02 0.72

2.53% 0.55% 8.36%

5.73% 2.24% 2.27%
0.70 0.54 0.59
0.81 0.84 0.79

15.29% 12.31% 17.85%

3.43 2.55 3.37

0.92 -0.10 0.45

0.03 0.01 0.03

(Thousand Rupees)
2016 2017 2018
426,094 1,079,161 1,061,381
8,950,959 7,321,887 7,321,887
(609,167) (694,201) (667,028)
(7,915,698) (5,548,525) (5,593,478)
3,710,284 2,671,491 2,641,347
6,679,418 5,588,530 6,416,980
5,341,756 4,054,026 4,871,426
1,337,662 1,534,504 1,545,554
10,815,796 9,339,182 10,119,708
5,314,974 4,689,481 5,568,914
314,494 287,681 1,092,007
5,000,480 4,401,800 4,476,907
5,500,822 4,649,701 4,550,794
1,003,290 802,538 834,173
2,879,754 2,696,293 2,503,564
1,617,778 1,150,870 1,213,057
 574,856 297,767 340,116
489,914 302,527 437,533
84,942 (4,760) (97,417)
43,576 58,091 61,742
58,462 50,044 (13,095)
505,280 (290,781) 38,127

895,096 732,189 732,189

N/A N/A N/A
N/A N/A N/A
(339,432) (361,801) (420,991)

118.58% -26.95% 3.59%

1.07% 0.95% -0.25%
4.67% -3.11% 0.38%
0.88 -97.65% 11.21%
96.96% -104.04% 1147.57%
0.56 -0.40 0.05

0.99 1.16 1.14

0.62 0.60 0.63
26.63% 28.87% 24.74%

3.94% 11.56% 10.49%

0.48 1.47 1.45

-0.67 1.24 -11.04

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
351,598 233,418 80,058
441,000 441,000 441,000
158,497 158,497 158,497
(247,899) (366,079) (519,439)
21,473 20,695 19,942
879,911 733,835 1,419,940
599,375 218,182 769,000
280,536 515,653 650,940
1,252,982 987,948 1,519,940
 485,045 404,282 1,221,108
4,010 8,143 756,000
481,035 396,139 465,108
767,937 583,666 298,832
96,045 85,892 102,898
275,780 175,004 216
396,112 322,770 195,718

100,169 35,565 31,809

105,026 61,514 206,529
(4,857) (25,949) (174,720)
113 30 52
(123,213) (94,333) (233,161)
(127,769) (119,269) (154,409)

44,100 44,100 44,100

0.00 0.00 0.00
0.00 0.00 0.00
(22,872) (194,758) (228,993)

-36.34% -0.51 -192.87%

-18.85% -12.25% -31.05%
-0.10 -12.07% -10.16%
-127.55% -335.35% -485.43%
-0.82 -51.58% -133.75%
-2.90 -2.70 -3.50

0.81 1.85 1.59

0.70 0.74 0.93
22.01% 17.71% 0.01%

28.06% 23.63% 5.27%

7.97 5.29 1.82

0.18 1.63 1.48

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
716,955 723,948 733,093
650,000 650,000 650,000
 131,318 132,745 134,583
(64,363) (58,797) (51,490)
(10,524) (8,021) (10,843)
305,817 439,381 605,113
111,099 245,740 477,349
194,718 193,641 127,764
1,012,248 1,155,308 1,327,363
801,906 882,614 855,967
16,276 219,306 209,076
785,630 663,308 646,891
210,342 272,694 471,396
3,393 2,742 5,856
85,853 70,946 39,978
121,096 199,006 425,562

99,018 79,945 102,649

43,214 46,552 41,157
55,804 33,393 61,492
3,153 25,851 44,924
65,203 11,720 15,802
43,864 7,132 9,190

65,000 65,000 65,000

0.00 0.00 0.00
0.00 0.00 0.00
(44,126) 76,539 51,587

6.12% 0.99% 1.25%

7.24% 1.29% 1.86%
4.33% 0.62% 0.69%
0.44 8.92% 8.95%
98.52% 652.72% 447.85%
0.67 0.11 0.14

7.22 3.59 1.79

0.30 0.38 0.46
8.48% 6.14% 3.01%

70.83% 62.66% 55.23%

11.03 11.14 11.28

-1.01 10.73 5.61

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
685,594 400,955 502,581
1,483,900 1,483,900 1,483,900
435,100 435,100 455,426
(1,233,406) (1,518,045) (1,436,745)
(9,531) 8,498 (4,602)
667,597 649,155 532,628
667,597 523,415 463,488
0 125,740 69,140
1,343,660 1,058,608 1,030,607
393,083 441,293 397,437
6,102 4,084 90,515
386,981 437,209 306,922
950,577 617,315 633,170
2,530 1,714 1,223
201,431 230,250 214,719
746,616 385,351 417,228

35,122 31,877 16,236

41,056 39,216 37,463
(5,934) (7,339) (21,227)
19,443 8 3
22,471 11,721 103,475
500,269 (284,639) 101,626

148,390 148,390 148,390

0.00 0.00 0.00
0.00 0.00 0.00
(6,843) (11,305) 20,036

72.97% -70.99% 20.22%

3.32% 2.19% 18.25%
37.23% -26.89% 9.86%
1424.38% -892.93% 625.93%
8.21% -13.78% 36.86%
3.37 -1.92 0.68

0.59 0.84 0.86

0.50 0.61 0.52
14.99% 21.75% 20.83%

51.02% 37.88% 48.77%

4.62 2.70 3.39
 -0.01 0.04 0.20

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
236,868 227,469 235,288
2,848,669 2,848,669 2,848,669
(1,900,433) (1,900,432) (1,898,868)
(711,368) (720,768) (714,513)
6,673 12,125 13,098
874,559 831,203 790,925
512,331 470,874 614,908
362,228 360,329 176,017
1,118,100 1,070,797 1,039,311
587,107 518,150 514,170
3,219 14,714 10,161
583,888 503,436 504,009
530,993 552,647 525,141
147,147 135,471 116,783
167,304 212,160 254,872
216,542 205,016 153,486

58,775 35,400 59,222

30,998 33,192 31,521
27,777 2,208 27,701
16,092 28,510 7,501
39,191 (9,205) 8,424
40,257 (9,400) 7,819

284,867 284,867 284,867

0.00 0.00 0.00
0.00 0.00 0.00
17,903 42,460 65,603

0.17 -4.13% 3.32%

6.47% -1.53% 1.98%
0.04 -0.88% 0.75%
68.49% -26.55% 0.13
0.77 -353.11% 403.13%
0.14 -0.03 0.03
 1.15 1.10 0.84
0.78 0.78 0.76
14.96% 19.81% 24.52%

21.18% 21.24% 22.64%

0.83 0.80 0.83

0.44 -4.52 8.39

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
522,821 579,360 596,350
514,336 514,336 514,336
147,316 159,452 162,897
(138,831) (94,428) (80,883)
76,924 18,407 3,965
36,236 72,594 206,012
36,236 72,594 23,460
0 0 182,552
635,981 670,361 806,327
471,464 593,570 730,660
21,421 34,842 19,663
450,043 558,728 710,997
164,517 76,791 75,667
16,449 16,843 47,537
112,186 35,906 21,752
35,882 24,042 6,378

52,138 58,272 73,492

39,593 32,251 31,061
12,545 26,021 42,431
1,245 3,123 8,693
11,301 71,513 33,737
8,808 58,484 16,990

51,434 51,434 51,434

0.00 0.00 0.00
0.00 0.00 0.00
(65,593) (60,070) (114,557)
 1.68% 10.09% 2.85%
1.88% 11.96% 4.31%
1.38% 8.72% 2.11%
16.89% 100.36% 23.12%
449.51% 55.14% 182.82%
0.17 1.14 0.33

13.01 8.18 31.14

0.06 0.11 0.26
17.64% 5.36% 0.03

82.21% 86.43% 73.96%

10.16 11.26 11.59

-7.45 -1.03 -6.74

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
(1,643,538) (1,085,989) (1,085,989)
892,029 1,383,982 1,383,982
300,344 320,437 320,437
(2,835,911) (2,790,408) (2,790,408)
2,974,065 2,619,787 2,619,787
3,024,843 2,862,362 2,862,362
2,760,663 2,523,221 2,523,221
264,180 339,141 339,141
4,355,370 4,396,160 4,396,160
1,675,867 1,849,572 1,849,572
17,615 6,592 6,592
1,658,252 1,842,980 1,842,980
2,679,503 2,546,588 2,546,588
694,991 559,876 559,876
1,974,860 1,972,027 1,972,027
9,652 14,685 14,685

75,179 56,708 56,708

76,848 89,802 89,802
(1,669) (33,094) (33,094)
2,677 569 569
 20,473 58,628 58,628
20,280 56,911 56,911

89,203 138,398 138,398

0.00 0.00 0.00
0.00 0.00 0.00
(287,197) (214,667) (214,667)

-1.23% -5.24% -5.24%

1.28% 3.13% 3.13%
0.47% 1.29% 1.29%
26.98% 100.36% 100.36%
378.93% 157.79% 157.79%
0.23 0.41 0.41

0.61 0.73 0.73

0.69 0.65 0.65
45.34% 44.86% 44.86%

-37.74% -0.25 -0.25

-18.42 -7.85 -7.85

-14.16 -3.77 -3.77

(Thousand Rupees)
2016 2017 2018
13,153,483 14,552,885 12,083,652
7,436,742 6,486,742 6,486,742
3,977,913 3,977,913 3,977,913
1,738,828 4,088,230 1,618,997
6,681,481 8,330,779 7,607,296
774,027 647,323 685,649
46,829 52,057 45,849
727,198 595,266 639,800
20,608,991 23,530,987 20,376,597
1,901,183 1,064,167 1,155,432
18,572,048 22,214,329 18,924,961
135,760 252,491 296,204

1,494,201 4,061,232 (574,790)

147,294 45,337 104,044
612,143 824,366 1,090,476
0 0 0
14,974 0 0
441,337 1,548,230 (662,915)
278,418 1,410,598 (1,107,459)
35 232,701 1,064
 543,899 695,189 564,181
364,152 451,822 406,353
14,230 15,943 14,593
981 0 0
161,755 165,096 143,047
2,781 62,328 188
950,302 3,366,043 (1,138,971)

819,723 587,723 587,723

N/A N/A N/A
N/A N/A N/A
420,634 1,196,332 1,406,780

49.17% 78.59% 307.82%

0.00 0.00 0.00
0.64 82.88% 198.15%
4.61% 0.14 -5.59%
66.95% 64.99% 72.03%
9.07 11.04 11.04
1.16 5.73 -1.94

9.23% 4.52% 5.67%

3.76% 2.75% 3.36%

36.08% 27.57% 31.83%

0.44 0.36 -1.24

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,714,315 1,891,098 1,512,969
760,492 760,492 760,492
500 500 500
953,323 1,130,106 751,977
0 0 0
115,929 112,856 103,763
4,031 5,812 3,910
111,898 107,044 99,853
1,830,244 2,003,954 1,616,732
72,279 63,769 55,070
 1,754,500 1,933,029 1,556,648
3,465 7,156 5,014

213,844 926,189 (161,450)

5,596 4,621 2,854
33,664 44,358 47,469
0 0 0
0 0 0
107,788 293,588 (215,335)
66,796 529,406 3,562
0 54,216 0
54,212 87,779 49,371
33,425 41,806 32,882
998 1,202 901
0 0 0
19,789 44,771 15,588
0 0 0
159,632 838,410 (210,821)

152,098 15,098 15,098

0.21 0.88 0.00
0.00 0.00 0.00
153,133 632,449 165,213

81.64% 94.71% 131.17%

0.00 0.00 0.00
74.65% 90.52% 130.58%
8.72% 41.84% -13.04%
61.66% 47.63% 0.67
5.00 50.37 50.37
1.05 55.53 -13.96

3.95% 3.18% 3.41%

6.33% 5.63% 6.42%

41.55% 37.95% 47.04%

0.96 0.75 -0.78

Financial Sector 2018

(Thousand Rupees)
 2016 2017 2018
6,945,240 8,392,964 7,054,056
2,835,000 2,835,000 2,835,000
2,992,500 2,992,500 2,992,500
1,117,740 2,565,464 1,226,556
4,885,153 6,189,749 5,621,904
404,806 339,398 374,031
23,464 28,671 24,928
381,342 310,727 349,103
12,235,199 14,922,111 13,049,991
442,390 649,726 729,178
11,701,639 14,097,911 12,112,200
91,170 174,474 208,613

775,588 2,076,158 (207,122)

25,542 25,087 67,578
393,095 537,219 738,620
0 0 0
0 0 0
221,018 816,767 (292,200)
135,933 578,978 (721,880)
0 118,107 760
319,853 415,809 352,161
217,604 284,368 260,360
7,769 9,587 8,909
0 0 0
94,480 81,079 82,892
0 40,775 0
455,735 1,660,349 (559,283)

283,500 283,500 283,500

0.08 0.28 0.00
0.00 0.00 0.00
(185,407) 412,249 841,723

46.02% 72.92% 489.24%

0.00 0.00 0.00
58.76% 79.97% 270.03%
3.72% 11.13% -4.29%
68.03% 68.39% 73.93%
10.00 10.00 10.00
1.61 5.86 -1.97

3.62% 4.35% 5.59%

3.31% 2.27% 2.87%

23.17% 0.19 21.72%

 -0.41 0.25 -1.51

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
3,454,928 4,183,599 3,441,335
2,841,250 2,841,250 2,841,250
984,913 984,913 984,913
(371,235) 357,436 (384,828)
1,796,328 2,146,970 1,993,954
219,420 185,939 197,377
9,977 12,447 10,689
209,443 173,492 186,688
5,470,676 6,516,508 5,632,666
316,611 350,631 371,142
5,115,909 6,095,223 5,179,170
38,156 70,654 82,354

391,130 1,037,107 (198,408)

17,526 15,629 33,612
185,384 242,717 304,352
0 0 0
0 0 0
112,531 437,875 (155,380)
75,689 280,508 (381,296)
0 60,378 304
146,071 189,103 160,288
97,087 124,151 111,662
4,313 5,061 4,708
0 0 0
44,671 38,816 43,918
0 21,075 0
245,059 848,004 (358,696)

284,125 284,125 284,125

0.04 0.14 0.00
0.00 0.00 0.00
(49,036) 151,050 399,059

48.12% 75.09% 270.34%

 0.00 0.00 0.00
62.65% 81.77% 180.79%
4.48% 13.01% -6.37%
66.47% 65.65% 69.66%
10.00 10.00 10.00
0.86 2.98 -1.26

5.79% 5.38% 6.59%

4.01% 2.85% 0.04

51.94% 0.44 50.44%

-0.20 0.18 -1.11

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
- 85,224 75,292
- 50,000 50,000
- 0 0
- 35,224 25,292
- (5,940) (8,562)
- 9,130 10,478
- 5,127 6,322
- 4,003 4,156
- 88,414 77,208
- 41 42
- 88,166 76,943
- 207 223

- 21,778 (7,810)
- 0 0
- 72 35
- 0 0
- 0 0
- 0 0
- 21,706 (7,845)
- 0 0
- 2,498 2,361
- 1,497 1,449
- 93 75
- 0 0
- 430 649
- 478 188
- 19,280 (10,171)

- 5,000 5,000
- 0.00 0.00
- 0.00 0.00
- 584 785

- 99.67% 100.45%
- 0.00 0.00
- 88.53% 130.23%
- 21.81% -13.17%
- 59.93% 61.37%
- 10.00 10.00
- 3.86 -2.03

- 0.05% 0.05%
- 10.33% 13.57%

- 56.55% 64.76%

- 0.03 -0.08

(Thousand Rupees)
2016 2017 2018
19,189,840 19,899,700 19,877,693
12,422,724 12,286,325 12,629,485
8,524,183 8,842,116 9,184,302
(1,757,067) (1,228,741) (1,936,094)
1,450,667 2,134,417 2,155,422
16,412,805 22,212,086 29,197,491
11,285,886 16,434,305 23,211,492
5,126,919 5,777,781 5,985,999
37,053,311 44,246,203 51,230,606
11,747,764 13,858,630 17,827,612
2,540,492 2,320,347 2,876,304
9,207,272 11,538,283 14,951,308
25,305,547 30,387,573 33,402,994
19,110,963 22,787,046 24,115,619
5,335,080 6,485,463 8,232,415
859,504 1,115,064 1,054,960

7,983,600 8,825,275 9,127,868

3,145,004 3,482,870 4,254,634
4,838,596 5,342,405 4,873,234
 92,327 122,189 97,415
1,223,591 1,619,975 753,177
1,189,024 1,578,192 706,930

1,343,072 1,329,433 1,363,749

N/A N/A N/A
N/A N/A N/A
1,260,668 (459,163) (2,107,746)

0.06 7.93% 3.56%

4.75% 5.82% 2.69%
3.21% 3.57% 1.38%
14.89% 17.88% 7.74%
2.65 220.69% 601.85%
2.94% 3.51% 2.29%
0.89 1.19 0.52

1.04 0.84 0.77

0.44 0.50 0.57
0.14 14.66% 16.07%

51.79% 44.97% 0.39

14.29 14.97 14.58

1.06 -0.29 -2.98

0.11 -0.03 -0.09

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
3,248,960 3,525,379 3,894,824
1,755,000 1,755,000 2,000,000
1,282,359 1,463,127 1,660,689
211,601 307,252 234,135
1,133,213 1,133,212 1,255,712
2,829,177 3,702,362 3,885,946
1,630,503 1,533,372 1,704,395
1,198,674 2,168,990 2,181,551
7,211,350 8,360,953 9,036,482
1,039,238 1,666,889 2,100,261
57,353 307,439 91,231
 981,885 1,359,450 2,009,030
6,172,112 6,694,064 6,936,221
6,146,674 6,687,244 6,935,204
0 0 0
25,438 6,820 1,017

2,686,893 3,116,267 3,696,145

2,088,419 2,277,015 2,758,367
598,474 839,252 937,778
9,978 10,000 10,000
294,349 457,859 395,124
294,349 457,859 395,124

175,500 175,500 200,000

0.10 0.15 0.00
0.00 0.00 0.10
925,250 831,305 787,432

9.06% 12.99% 10.14%

5.27% 6.71% 5.39%
4.08% 5.48% 4.37%
10.95% 14.69% 10.69%
7.10 497.32% 6.98
0.48% 0.44% 0.36%
1.68 2.61 1.98

0.64 1.09 1.23

0.39 0.44 0.43
0.00 0.00 0.00

45.05% 42.16% 0.43

18.51 20.09 19.47

3.14 1.82 1.99

0.57 0.54 0.46

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,028,443 1,160,141 1,221,374
1,000,000 1,000,000 1,000,000
 5,689 36,568 73,315
22,754 123,573 148,059
0 0 0
14,608 42,568 61,719
14,608 42,568 61,719
0 0 0
1,043,051 1,202,709 1,283,093
974,281 625,019 769,077
933,525 252,808 298,946
40,756 372,211 470,131
68,770 577,690 514,016
14 3,507 2,830
0 18,000 48,879
68,756 556,183 462,307

61,924 208,215 263,315

5,704 30,576 51,921
56,220 177,639 211,394
3,276 17,762 21,137
28,443 154,398 183,734
28,443 154,398 183,734

100,000 100,000 100,000

2.27% 12.25% 0.15
0.00 0.00 0.00
(66,460) (560,453) 64,886

2.77% 13.31% 15.04%

2.77% 13.31% 15.04%
2.73% 12.84% 14.32%
45.93% 74.15% 69.78%
20.05% 0.20 28.26%
57.43% 58.09% 40.71%
0.28 1.54 1.84

66.70 14.68 12.46

0.01 0.04 0.05
0.00 0.02 3.81%

0.99 96.46% 95.19%

10.28 11.60 12.21

-2.34 -3.63 0.35

-4.55 -13.17 1.05
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
123,742 134,738 130,939
75,152 75,152 75,152
37,586 45,527 47,385
11,004 14,059 8,402
30,099 18,999 2,285
4,436 5,215 7,553
4,436 5,215 7,553
0 0 0
158,277 158,952 140,777
158,189 158,872 140,699
29,156 6,900 24,943
129,033 151,972 115,756
88 80 78
48 40 38
0 0 0
40 40 40

17,762 24,223 12,435

5,582 6,194 7,460
12,180 18,029 4,975
1,218 1,803 497
10,743 15,901 4,388
10,225 15,880 3,717

7,515 7,515 7,515

0.07 0.10 0.00
0.00 0.00 0.00
2,984 (6,690) 1,651

8.26% 11.79% 2.84%

6.98% 10.34% 3.29%
6.46% 9.99% 2.64%
57.57% 65.56% 29.89%
54.59% 39.01% 2.01
21.82% 29.11% 6.66%
1.36 2.11 0.49

35.66 30.46 18.63

0.03 0.03 0.05
0.00 0.00 0.00
 78.18% 84.77% 93.01%
16.47 17.93 17.42

0.29 -0.42 0.44

0.67 -1.28 0.22

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
836,626 984,637 1,098,232
780,462 780,463 863,623
629,461 712,431 789,634
(573,297) (508,257) (555,025)
219,972 279,216 293,330
1,021,688 789,665 644,420
753,640 529,319 451,936
268,048 260,346 192,484
2,078,286 2,053,518 2,035,982
743,279 893,090 841,504
15,153 144,098 22,855
728,126 748,992 818,649
1,335,007 1,160,428 1,194,478
193,786 152,176 184,731
1,122,283 982,291 964,344
18,938 25,961 45,403

277,566 462,068 265,533

138,084 156,206 140,225
139,482 305,862 125,308
5,380 19,519 7,469
46,718 169,083 65,178
46,718 169,083 65,178

78,046 78,046 86,362

0.03 0.10 0.03
0.00 0.00 0.00
91,976 333,843 172,620

5.58% 17.17% 5.93%

3.53% 11.09% 4.11%
 2.25% 8.23% 0.03
16.83% 36.59% 24.55%
295.57% 92.38% 215.14%
0.04 0.13 5.33%
0.60 2.17 0.75

0.99 1.69 1.86

0.49 0.38 0.32
0.54 47.83% 47.37%

40.26% 47.95% 53.94%

10.72 12.62 12.72

1.97 1.97 2.65

0.12 0.63 0.38

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
294,720 297,766 270,402
210,000 210,000 210,000
97,480 98,086 97,836
(12,760) (10,320) (37,434)
(2,494) (5,230) (5,989)
64,712 58,925 51,968
33,338 24,949 23,185
31,374 33,976 28,783
356,938 351,461 316,381
107,331 125,964 134,543
24,207 11,483 24,281
83,124 114,481 110,262
249,607 225,497 181,838
147,176 147,412 103,531
39,834 30,536 27,162
62,597 47,549 51,145

23,437 39,366 24,921

25,473 25,575 29,409
(2,036) 13,791 (4,488)
13 329 0
118 3,028 (25,010)
 118 3,028 (25,010)

21,000 21,000 21,000

0.00 0.01 0.00
0.00 0.00 0.00
116,981 39,547 34,809

0.04% 1.02% -9.25%

0.04% 0.93% -8.53%
0.03% 0.86% -7.91%
0.01 7.69% -100.36%
21587.29% 844.62% -117.59%
0.05% 1.29% 0.00
0.01 0.14 -1.19

3.22 5.05 5.80

0.18 0.17 0.16
11.16% 8.69% 8.59%

82.57% 84.72% 85.47%

14.03 14.18 12.88

991.36 13.06 -1.39

3.51 1.59 1.50

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
130,451 124,940 127,945
113,400 113,400 113,400
17,051 31,622 30,770
0 (20,082) (16,225)
0 0 0
51,331 61,072 62,875
17,310 15,139 15,936
34,021 45,933 46,939
181,782 186,012 190,820
96,729 77,144 48,934
21,691 23,090 14,239
75,038 54,054 34,695
85,053 108,868 141,886
 85,053 108,868 141,886
0 0 0
0 0 0

49,772 52,203 69,305

23,080 26,921 35,268
26,692 25,282 34,037
0 0 524
(2,640) (2,353) 4,719
(3,024) (2,767) 4,719

11,340 11,340 11,340

0.00 0.00 0.03%
0.00 0.00 0.00
4,673 (211) (6,691)

-2.32% -2.21% 3.69%

-1.61% -1.38% 0.03
-1.66% -1.49% 2.47%
-6.08% -0.05 6.81%
-763.23% -972.93% 747.36%
0.00 0.00 1.49%
-0.27 -0.24 0.42

5.59 5.10 3.07

0.28 0.33 0.33
0.00 0.00 0.00

71.76% 67.17% 67.05%

11.50 11.02 11.28

-1.55 0.08 -1.42

0.27 -0.01 -0.42

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
625,724 656,684 613,925
524,400 524,400 524,400
126,611 162,307 126,650
(25,287) (30,023) (37,125)
 0 0 0
38,720 94,455 45,971
35,585 91,391 41,725
3,135 3,064 4,246
664,444 751,139 659,896
299,525 329,836 254,704
10,790 41,395 11,626
288,735 288,441 243,078
364,919 421,303 405,192
33,529 17,114 6,340
327,630 399,929 394,592
3,760 4,260 4,260

30,364 79,495 17,138

21,401 33,409 21,420
8,963 46,086 (4,282)
0 4,890 0
9,092 42,513 (4,193)
9,092 42,513 (4,193)

52,440 52,440 52,440

0.01 0.06 0.00
0.00 0.00 0.00
(5,295) (97,759) (71,682)

1.45% 6.47% -0.68%

1.45% 6.44% -0.68%
1.37% 5.66% -0.64%
29.94% 53.48% -24.47%
235.38% 78.59% -510.85%
0.00 14.64% 0.00
0.17 0.81 -0.08

8.42 3.61 6.10

0.06 0.13 0.07
49.31% 53.24% 0.60

94.17% 87.43% 93.03%

11.93 12.52 11.71

-0.58 -2.30 17.10

-0.15 -1.07 -1.72
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
331,808 323,661 357,022
264,138 264,138 264,138
67,670 79,378 94,390
0 (19,855) (1,506)
0 0 0
25,215 25,764 42,012
22,621 23,489 23,058
2,594 2,275 18,954
357,023 349,425 399,034
110,457 107,814 93,515
127 24 10,041
110,330 107,790 83,474
246,566 241,611 305,519
239,806 234,861 305,263
5,750 5,750 0
1,010 1,000 256

5,353 3,573 50,534

14,371 10,138 12,344
(9,018) (6,565) 38,190
0 0 (3,707)
(9,743) (8,147) 33,362
(9,743) (8,147) 33,362

26,414 26,414 26,414

0.00 0.00 0.07%
0.00 0.00 0.00
(1,215) (175) 36,252

-2.94% -2.52% 9.34%

-2.91% -0.03 8.87%
-2.73% -2.33% 8.36%
-182.01% -228.02% 66.02%
-1.48 -124.44% 0.37
0.00 0.00 -30.03%
-0.37 -0.31 1.26

4.88 4.59 4.06

0.07 0.07 0.11
1.61% 1.65% 0.00

92.94% 92.63% 89.47%

 12.56 12.25 13.52

0.12 0.02 1.09

-0.05 -0.01 1.57

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
3,262,248 3,354,268 3,442,258
1,008,000 1,008,000 1,008,000
2,254,248 2,107,012 2,121,490
0 239,256 312,768
53,807 117,635 117,878
3,844,695 4,894,748 6,719,120
3,540,634 4,652,980 6,303,092
304,061 241,768 416,028
7,160,750 8,366,651 10,279,256
2,613,505 3,259,093 3,994,811
248,143 192,260 320,869
2,365,362 3,066,833 3,673,942
4,547,245 5,107,558 6,284,445
2,734,122 2,453,304 2,933,273
1,812,457 2,653,338 3,349,956
666 916 1,216

475,518 539,840 585,788

81,979 89,311 100,936
393,539 450,529 484,852
34,356 35,041 33,311
298,303 304,601 289,561
298,303 294,517 289,561

201,600 201,600 201,600

0.20 0.20 0.25
0.00 0.00 0.00
(671,971) (628,958) (1,260,030)

9.14% 8.78% 8.41%

8.24% 0.08 7.28%
4.17% 3.52% 2.82%
62.73% 54.56% 49.43%
 27.48% 30.32% 34.86%
41.91% 39.23% 0.33
1.48 1.46 1.44

0.74 0.70 0.63

0.54 0.59 0.65
25.31% 31.71% 32.59%

45.56% 40.09% 33.49%

16.18 16.64 17.07

-2.25 -2.14 -4.35

-0.19 -0.14 -0.20

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
140,172 137,472 134,861
30,000 30,000 30,000
71,399 73,065 85,285
38,773 34,407 19,576
0 0 0
199,770 233,306 280,229
180,340 212,043 255,192
19,430 21,263 25,037
339,942 370,778 415,090
325,367 357,050 402,121
61,301 7,427 14,070
264,066 349,623 388,051
14,575 13,728 12,969
14,459 13,347 12,478
0 0 0
116 381 491

827,864 734,216 897,590

46,822 54,444 62,522
781,042 679,772 835,068
2,063 2,346 2,564
80,885 65,031 73,105
42,017 33,299 30,551
 3,000 3,000 3,000
1.20 1.00 56.67%
0.00 0.00 0.00
79,070 (46,929) (48,400)

29.98% 24.22% 22.65%

50.68% 40.97% 45.72%
12.36% 8.98% 7.36%
5.08% 4.54% 0.03
111.44% 1.64 204.65%
4.41% 4.31% 0.04
14.01 11.10 10.18

1.80 1.68 1.58

0.59 0.63 0.68
0.00 0.00 0.00

41.23% 37.08% 32.49%

46.72 45.82 44.95

1.88 -1.41 -1.58

0.44 -0.22 -0.19

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
87,693 16,333 8,144
250,000 250,000 250,000
43,955 43,955 43,955
(206,262) (277,622) (285,811)
0 0 0
753,612 492,145 347,922
604,048 429,546 342,714
149,564 62,599 5,208
841,305 508,478 356,066
292,401 246,152 219,842
14,743 49,708 51,654
277,658 196,444 168,188
548,904 262,326 136,224
466,286 247,452 124,919
36,150 3,377 8,858
 46,468 11,497 2,447

314,369 179,801 67,895

16,130 15,175 15,551
298,239 164,626 52,344
0 0 0
(53,832) (71,360) (8,189)
(53,832) (71,360) (8,189)

25,000 25,000 25,000

0.00 0.00 0.00
0.00 0.00 0.00
(18,416) 198,034 41,583

-61.39% -436.91% -100.55%

-22.69% -90.41% -61.33%
-0.06 -14.03% -0.02
-17.12% -39.69% -12.06%
-29.96% -21.27% -1.90
0.00 0.00 0.00
-2.15 -2.85 -0.33

0.48 0.57 0.64

0.90 0.97 0.98
0.04 0.66% 2.49%

10.42% 3.21% 2.29%

3.51 0.65 0.33

0.34 -2.78 -5.08

-0.03 0.46 0.12

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
59,811 62,481 62,563
125,400 125,400 125,400
25,068 25,602 26,045
(90,657) (88,521) (88,882)
0 0 0
7,621 7,579 12,914
 6,006 5,964 6,725
1,615 1,615 6,189
67,432 70,060 75,477
54,559 43,092 40,509
42,483 16,158 15,591
12,076 26,934 24,918
12,873 26,968 34,968
5,476 4,879 21,273
0 0 0
7,397 22,089 13,695

4,923 7,908 10,187

4,500 3,569 4,291
423 4,339 5,896
20 267 221
201 2,671 2,213
201 2,671 2,213

12,540 12,540 12,540

0.00 0.02 0.01
0.00 0.00 0.00
(1,772) (25,617) 20,914

0.34% 4.27% 3.54%

0.33% 4.17% 3.22%
0.00 3.81% 2.93%
4.08% 33.78% 21.72%
2238.81% 133.62% 1.94
0.44% 7.48% 5.15%
0.02 0.21 0.18

9.08 7.23 6.02

0.11 0.11 0.17
0.00 0.00 0.00

0.89 89.18% 82.89%

4.77 4.98 4.99

-8.82 -9.59 9.45

-0.30 -4.30 3.11
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
215,768 212,607 213,141
137,884 137,884 137,884
42,733 44,169 47,387
35,151 30,554 27,870
0 0 0
294,678 253,253 231,075
92,160 66,712 103,055
202,518 186,541 128,020
510,446 465,860 444,216
396,628 348,041 316,176
45,581 54,066 25,579
351,047 293,975 290,597
113,818 117,819 128,040
34,152 24,617 24,787
0 0 0
79,666 93,202 103,253

145,624 202,191 257,140

113,775 180,827 234,425
31,849 21,364 22,715
1,694 933 1,485
13,912 7,180 11,061
13,912 7,180 10,865

13,788 13,788 13,788

0.08 0.07 0.07
0.00 0.00 0.00
(51,426) 33,085 3,889

6.45% 3.38% 0.05

3.33% 0.02 3.24%
2.73% 1.54% 2.45%
9.55% 3.55% 4.23%
817.82% 2518.48% 2157.62%
1.49% 0.52% 0.63%
1.01 0.52 0.79

4.30 5.22 3.07

0.58 0.54 0.52
0.00 0.00 0.00

42.27% 45.64% 47.98%

15.65 15.42 15.46
 -3.70 4.61 0.36
-0.56 0.50 0.04

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
454,488 453,968 423,066
872,177 872,177 872,177
148,247 151,283 151,283
(565,936) (569,492) (600,394)
(2,097) (1,808) (1,868)
59,696 62,799 73,505
50,115 51,522 52,951
9,581 11,277 20,554
512,087 514,959 494,703
357,991 273,587 215,299
241,497 95,328 45,039
116,494 178,259 170,260
154,096 241,372 279,404
109,310 78,031 91,378
35,328 63,684 62,124
9,458 99,657 125,902

52,631 54,388 59,982

26,002 26,742 23,173
26,629 27,646 36,809
2,082 1,518 0
20,816 15,179 (19,564)
20,816 15,179 (19,564)

87,218 87,218 87,218

0.02 0.01 0.00
0.00 0.00 0.00
(1,762) (122,847) (2,919)

4.58% 3.34% -4.62%

4.51% 3.28% -4.43%
4.06% 2.95% -3.95%
39.55% 27.91% -32.62%
124.91% 176.18% -118.45%
8.01% 5.68% 0.00
 0.24 0.17 -0.22

7.14 5.31 4.07

0.12 0.12 0.15
0.07 12.37% 12.56%

88.75% 88.16% 85.52%

5.21 5.20 4.85

-0.08 -8.09 0.15

-0.04 -2.38 -0.06

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
181,733 191,650 203,394
340,200 340,200 340,200
204,120 209,697 215,447
(362,587) (358,247) (352,253)
0 0 0
1,245,629 1,682,169 1,789,466
281,985 574,487 574,941
963,644 1,107,682 1,214,525
1,427,362 1,873,819 1,992,860
839,608 1,081,453 1,164,898
30,065 41,753 47,169
809,543 1,039,700 1,117,729
587,754 792,366 827,962
218,350 181,418 229,128
310,447 554,186 536,307
58,957 56,762 62,527

139,483 173,639 176,954

22,077 29,374 35,351
117,406 144,265 141,603
1,716 2,672 3,079
21,162 24,048 27,713
27,533 27,885 28,754

34,020 34,020 34,020

0.05 0.05 0.05%
 0.00 0.00 0.00
42,174 37,491 (36,314)

15.15% 14.55% 14.14%

1.85% 1.85% 1.95%
1.93% 1.49% 1.44%
19.74% 16.06% 16.25%
80.18% 105.34% 122.94%
7.77% 0.09 8.71%
0.81 0.82 0.85

2.98 1.88 2.03

0.87 0.90 0.90
21.75% 29.58% 26.91%

12.73% 10.23% 10.21%

5.34 5.63 5.98

1.53 1.34 -1.26

0.15 0.07 -0.06

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
4,431,064 4,514,382 4,041,602
1,956,000 1,956,000 1,956,000
2,383,598 2,464,811 2,464,811
91,466 93,571 (379,209)
29,753 28,371 26,989
730,183 4,324,551 8,150,774
617,334 4,268,125 8,150,774
112,849 56,426 0
5,191,000 8,867,304 12,219,365
1,382,380 2,015,512 3,767,288
200,209 147,628 589,898
1,182,171 1,867,884 3,177,390
3,808,620 6,851,792 8,452,077
3,780,937 6,827,550 8,436,604
0 0 0
27,683 24,242 15,473
 366,140 348,867 49,409
168,253 149,213 342,816
197,887 199,654 (293,407)
0 0 0
244,358 204,577 (357,120)
244,358 204,577 (357,120)

195,600 195,600 195,600

6.27% 5.98% 0.00
0.00 0.00 0.00
265,255 (346,864) (1,519,086)

5.51% 4.53% -8.84%

5.34% 4.45% -8.78%
4.71% 2.31% -2.92%
66.74% 58.64% -722.78%
68.86% 72.94% -95.99%
0.00 0.00 0.00
1.25 1.05 -1.83

2.24 0.47 0.46

0.14 0.49 0.67
0.00 0.00 0.00

85.36% 50.91% 33.08%

22.65 23.08 20.66

1.09 -1.70 4.25

0.43 -0.08 -0.19

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
204,502 206,505 208,825
211,631 211,631 211,631
30,053 31,280 31,744
(37,182) (36,406) (34,550)
(8,168) (6,990) (7,599)
19,601 12,538 11,355
19,601 12,538 11,355
0 0 0
 215,935 212,053 212,581
8,585 5,492 21,488
139 141 231
8,446 5,351 21,257
207,350 206,561 191,093
1,709 139,264 1,322
72,720 67,276 189,750
132,921 21 21

4,708 6,942 18,000

607 2,659 15,711
4,101 4,283 2,289
0 385 0
4,134 3,412 2,320
4,134 2,004 2,320

21,163 21,163 21,163

0.00 0.00 0.01%
0.00 0.00 0.00
132,687 22 (1,347)

2.02% 0.97% 1.11%

2.11% 1.71% 1.15%
1.91% 0.95% 1.09%
87.81% 28.87% 12.89%
14.68% 132.68% 6.77
0.00 14.48% 0.00
0.20 0.09 0.11

0.44 0.44 1.89

0.09 0.06 0.05
33.68% 31.73% 89.26%

94.71% 97.38% 98.23%

9.66 9.76 9.87

32.10 0.01 -0.58

6.77 0.00 -0.12

Financial Sector 2018

(Thousand Rupees)
 2016 2017 2018
547,503 553,646 517,388
263,866 263,866 263,866
252,531 259,037 259,037
31,106 30,743 (5,515)
95,524 167,142 70,814
237,346 136,394 108,237
99,625 117,173 97,927
137,721 19,221 10,310
880,373 857,182 696,439
256,853 203,309 207,016
148,389 91,589 55,860
108,464 111,720 151,156
623,520 653,873 489,423
398,292 312,720 251,688
224,351 300,972 202,366
877 40,181 35,369

175,138 225,162 233,404

48,159 53,302 46,094
126,979 171,860 187,310
3,950 4,029 0
34,334 32,530 (4,898)
34,334 32,530 (7,232)

26,387 26,387 26,387

0.10 0.11 0.00
0.00 0.00 0.00
71,424 101,168 (32,457)

6.27% 5.88% -0.01

0.04 0.04 -0.82%
0.04 3.79% -1.04%
0.20 14.45% -0.03
140.27% 163.85% -637.36%
0.08 7.56% 0.00
1.30 1.23 -0.27

2.58 1.74 2.11

0.27 0.16 0.16
25.48% 35.11% 29.06%

62.19% 64.59% 74.29%

20.75 20.98 19.61

2.08 3.11 4.49

0.72 0.86 -0.33
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
178,832 182,865 189,280
201,875 201,875 216,875
46,686 49,799 48,386
(69,729) (68,809) (75,981)
0 0 0
45,433 45,486 34,942
35,386 35,722 24,787
10,047 9,764 10,155
224,265 228,350 224,222
88,554 85,668 104,646
20,702 13,917 23,504
67,852 71,751 81,142
135,711 142,682 119,576
36,507 44,854 42,982
82,084 77,084 72,084
17,120 20,744 4,510

43,915 47,400 35,689

22,154 24,436 22,010
21,761 22,964 13,679
1,093 1,112 5
9,840 11,209 43
9,840 10,008 43

20,188 20,188 21,688

3.51% 3.57% 0.00
0.00 0.00 0.00
37,143 (7,638) 27,686

0.06 5.47% 0.02%

5.21% 5.82% 0.02%
4.39% 4.38% 0.02%
22.41% 21.11% 0.12%
225.14% 244.16% 51186.05%
4.93% 4.55% 0.02%
0.49 0.50 0.00
 2.50 2.40 4.22
0.20 0.20 0.16
0.37 33.76% 32.15%

79.74% 80.08% 84.42%

8.86 9.06 8.73

3.77 -0.76 643.86

1.05 -0.21 1.12

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
487,994 490,416 373,908
480,665 480,665 480,665
82,591 83,505 83,505
(75,262) (73,754) (190,262)
(98,961) (98,960) (98,960)
512,212 208,251 100,650
295,207 137,637 79,115
217,005 70,614 21,535
901,245 599,707 375,598
591,030 488,336 277,741
48,705 22,604 30,948
542,325 465,732 246,793
310,215 111,371 97,857
68,653 52,056 35,660
0 0 0
241,562 59,315 62,197

141,519 85,127 46,011

73,669 56,723 51,303
67,850 28,404 (5,292)
824 457 0
8,245 4,570 (114,209)
8,245 4,570 (114,209)

48,067 48,067 48,067

0.01 0.01 0.00
0.00 0.00 0.00
50,279 242,412 98,825
 1.69% 0.93% -30.54%
1.36% 0.99% -38.52%
0.91% 0.76% -30.41%
5.83% 5.37% -248.22%
8.94 12.41 -44.92%
1.12% 0.81% 0.00
0.17 0.10 -2.38

2.00 3.55 3.51

0.57 0.35 0.27
0.00 0.00 0.00

54.15% 81.78% 99.55%

10.15 10.20 7.78

6.10 53.04 -0.87

0.17 1.76 1.25

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
159,540 162,377 168,478
184,239 184,239 184,239
58,459 59,764 62,082
(83,158) (81,626) (77,843)
0 0 0
59,800 33,907 27,132
33,158 26,318 26,897
26,642 7,589 235
219,339 196,284 195,610
44,832 66,402 101,048
5,936 19,591 47,176
38,896 46,811 53,872
174,507 129,882 94,562
174,507 124,550 84,160
0 0 0
0 5,332 10,402

54,389 55,272 49,096

13,912 10,117 10,516
 40,477 45,155 38,580
0 0 0
5,267 7,263 12,708
4,681 6,522 11,594

18,424 18,424 18,424

0.02 0.03 0.05
0.00 0.00 0.00
41,505 26,590 29,194

2.93% 4.02% 6.88%

2.83% 4.27% 7.53%
2.13% 3.32% 5.93%
8.61% 0.12 23.61%
2.97 155.12% 0.91
0.00 0.00 0.00
0.25 0.35 0.63

1.35 2.52 3.76

0.27 0.17 0.14
0.00 0.00 0.00

72.74% 82.73% 86.13%

8.66 8.81 9.14

8.87 4.08 2.52

1.25 1.01 1.09

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,176,182 1,150,119 1,147,880
453,835 453,835 453,835
534,143 540,555 546,570
188,204 155,729 147,475
0 0 0
4,122,954 4,812,172 5,805,557
2,825,897 3,467,564 4,206,170
1,297,057 1,344,608 1,599,387
5,299,136 5,962,291 6,953,437
591,358 590,809 1,173,942
 266,802 367,303 409,085
324,556 223,506 764,857
4,707,778 5,371,482 5,779,495
3,678,230 4,475,895 3,850,100
1,029,548 895,587 1,929,395
0 0 0

1,848,281 1,890,890 1,953,231

106,551 130,365 139,705
1,741,730 1,760,525 1,813,526
19,939 13,596 13,839
173,123 128,241 120,297
173,123 128,241 120,297

45,384 45,384 45,384

0.34 0.27 0.25
0.00 0.00 0.00
201,044 (341,089) (915,419)

14.72% 11.15% 10.48%

0.07 5.14% 4.38%
3.27% 2.15% 1.73%
9.37% 6.78% 6.16%
61.55% 101.66% 116.13%
18.71% 10.43% 9.91%
3.81 2.83 2.65

0.21 0.17 0.28

0.78 0.81 0.83
19.43% 15.02% 27.75%

0.22 19.29% 16.51%

25.92 25.34 25.29

1.16 -2.66 -7.61

0.07 -0.10 -0.22

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
74,013 78,594 81,222
100,000 100,000 100,000
16,345 17,261 17,787
(42,332) (38,667) (36,565)
0 0 0
66,640 80,212 44,310
22,935 30,370 33,983
43,705 49,842 10,327
140,653 158,806 125,532
29,215 50,597 33,288
3,035 6,459 6,169
26,180 44,138 27,119
111,438 108,209 92,244
106,305 98,940 41,414
3,300 6,768 27,238
1,833 2,501 23,592

26,307 31,398 29,950

23,626 29,803 27,454
2,681 1,595 2,496
0 530 338
(55,737) 4,600 2,936
(56,296) 4,581 2,628

10,000 10,000 10,000

0.00 0.00 0.00
0.00 0.00 0.00
28,932 13,534 28,520

-76.06% 5.83% 3.24%

-47.35% 3.58% 3.21%
-40.02% 2.88% 2.09%
-2.14 14.59% 8.77%
-41.97% 650.58% 1044.67%
0.00 1.78% 1.23%
-5.63 0.46 0.26

1.27 1.67 0.98

0.47 0.51 0.35
2.35% 4.26% 0.22

52.62% 49.49% 0.65

7.40 7.86 8.12

-0.51 2.95 10.85

1.26 0.45 0.84
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
473,135 483,671 515,786
450,000 450,000 450,000
23,135 11,324 27,034
0 22,347 38,752
0 500,000 500,000
42,290 44,922 553,643
9,605 25,345 553,467
32,685 19,577 176
515,425 1,028,594 1,569,429
77,776 468,491 1,096,696
40,446 370,776 670,733
37,330 97,715 425,963
437,649 560,103 472,733
212,436 140,455 65,481
224,349 419,108 407,036
864 540 216

85,493 132,576 153,817

17,233 24,124 28,872
68,260 108,452 124,945
2,389 3,024 6,024
20,743 26,287 52,365
20,743 26,287 52,365

45,000 45,000 45,000

0.04 0.05 0.08
0.00 0.00 0.00
(59,759) (164,652) 421,035

4.38% 5.43% 10.15%

0.04 2.62% 5.15%
4.02% 2.56% 3.34%
24.26% 19.83% 34.04%
83.08% 91.77% 55.14%
13.86% 12.54% 20.86%
0.46 0.58 1.16

8.10 18.48 1.98

0.08 0.04 0.35
 43.53% 40.75% 25.94%

0.92 47.02% 32.86%

10.51 10.75 11.46

-2.88 -6.26 8.04

-6.22 -6.50 0.76

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
310,165 315,168 306,002
298,000 298,000 298,000
12,165 17,168 8,002
0 0 0
0 0 0
86,007 74,765 71,333
48,581 45,800 49,823
37,426 28,965 21,510
396,172 389,933 377,335
207,552 220,782 237,430
11,920 15,997 4,162
195,632 204,785 233,268
188,620 169,151 139,905
134,687 133,572 106,229
8,849 7,577 12,324
45,084 28,002 21,352

84,709 84,725 64,876

28,589 29,576 30,414
56,120 55,149 34,462
1,448 1,573 226
13,030 14,155 2,034
13,030 14,155 1,923

29,800 29,800 29,800

0.03 0.04 0.00
0.00 0.00 0.00
25,495 9,532 (6,853)

0.04 4.49% 0.63%

 3.75% 4.11% 0.62%
3.29% 3.63% 0.51%
15.38% 16.71% 2.96%
219.41% 208.94% 1581.59%
5.06% 5.32% 0.74%
0.44 0.48 0.06

4.27 4.82 4.77

0.22 0.19 0.19
2.23% 1.94% 3.27%

78.29% 80.83% 0.81

10.41 10.58 10.27

1.96 0.67 -3.56

0.52 0.21 -0.14

(Thousand Rupees)
2016 2017 2018
10,098,882 11,290,065 12,923,211
8,797,935 9,482,785 10,348,997
100,360 124,743 59,608
1,200,587 1,682,537 2,514,606
56,080 15,559 13,194
2,028,034 2,227,393 3,040,312
1,710,443 1,904,343 2,676,539
317,591 323,050 363,773
12,182,996 13,533,017 15,976,717
9,384,200 10,479,847 12,751,924
7,485,041 8,273,020 9,057,809
1,899,159 2,206,827 3,694,115
2,798,796 3,053,170 3,224,793
813,053 872,769 976,779
1,985,743 2,180,401 2,248,014

4,486,356 5,329,593 7,569,034

3,833,395 4,576,374 5,824,811
652,959 753,118 1,757,908
463,068 539,924 1,192,590

444,593 476,192 551,759

N/A N/A N/A
N/A N/A N/A
447,275 276,946 1,081,303

4.59% 4.78% 9.23%

6.23% 6.48% 13.22%
 0.04 3.99% 7.46%
5.87 6.08 3.31
1.04 1.13 2.16

61.44% 61.13% 56.69%

5.49 5.50 4.76
16.65% 16.46% 19.03%

82.89% 83.43% 80.89%

22.71 23.71 23.42

0.97 0.51 0.91

0.26 0.15 0.40

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
398,106 408,501 437,722
365,000 395,000 412,000
0 0 0
33,106 13,501 25,722
0 0 0
230,693 205,831 292,839
224,435 199,812 286,225
6,258 6,019 6,614
628,799 614,332 730,561
446,530 406,333 506,854
290,011 319,289 359,035
156,519 87,044 147,819
182,269 207,999 223,707
69,237 80,365 91,128
113,032 127,634 132,579

224,952 298,122 382,982

191,327 279,865 346,196
33,625 18,257 36,786
21,540 13,395 25,721

36,500 39,500 41,200

0.00 0.00 0.00
0.00 0.00 0.00
 (8,812) 70,368 65,262

5.41% 3.28% 5.88%

8.32% 0.04 8.28%
3.43% 2.18% 3.52%
5.69 15.33 9.41
0.59 0.34 0.62

46.12% 51.97% 49.15%

1.99 2.03 1.77
36.69% 0.34 40.08%

63.31% 0.67 59.92%

10.91 10.34 10.62

-0.41 5.25 2.54

-0.04 0.35 0.23

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
209,213 210,058 211,055
200,000 200,000 200,000
0 0 0
9,213 10,058 11,055
3,430 3,309 3,194
7,369 6,556 5,427
2,147 1,358 677
5,222 5,198 4,750
220,012 219,923 219,676
195,772 197,128 198,381
173,977 173,334 177,409
21,795 23,794 20,972
24,240 22,795 21,295
24,240 22,795 21,295
0 0 0

25,095 28,419 28,500

24,098 27,059 27,566
997 1,360 934
1,386 725 882
 200 200 200
0.00 0.00 0.00
0.00 0.00 0.00
2,433 23 4,074

0.66% 0.35% 0.42%

0.46% 0.62% 0.43%
0.63% 0.33% 0.00
24.17 19.90 29.51
6.93 3.63 4.41

79.08% 78.82% 80.76%

91.18 145.16 293.03
3.35% 2.98% 2.47%

95.09% 95.51% 96.08%

1,046.07 1,050.29 1,055.28

1.76 0.03 4.62

1.13 0.02 6.02

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
203,163 207,879 212,254
205,410 205,410 205,410
0 0 0
(2,247) 2,469 6,844
0 0 0
729 4,210 4,458
729 4,210 4,458
0 0 0
203,892 212,089 216,712
145,026 150,364 151,044
142,081 144,890 146,646
2,945 5,474 4,398
58,866 61,725 65,668
6,186 7,128 12,032
52,680 54,597 53,636
 14,493 55,961 72,004
19,245 49,721 66,736
(4,752) 6,240 5,268
(3,214) 4,716 4,375

2,054 2,054 0
0.00 0.00 0.00
0.00 0.00 0.00
(4,948) 6,770 4,858

-1.58% 2.27% 2.06%

-2.34% 0.03 2.48%
-1.58% 2.22% 2.02%
-4.05 7.97 12.67
-1.56 2.30 -

69.68% 68.32% 67.67%

198.94 35.72 33.88
0.36% 1.99% 2.06%

99.64% 98.01% 97.94%

98.91 101.21 -

1.54 1.44 1.11

-6.79 1.61 1.09

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
200,005 177,252 262,656
200,000 200,000 300,000
0 0 0
5 (22,748) (37,344)
0 0 0
6,935 2,704 3,700
6,935 2,704 3,700
0 0 0
206,940 179,956 266,356
149,677 123,225 186,786
142,365 23,171 84,910
7,312 100,054 101,876
 57,263 56,731 79,570
4,722 3,311 2,263
52,541 53,420 77,307

69,065 40,149 26,531

65,871 62,241 41,071
3,194 (22,092) (14,540)
1,927 (22,752) (14,596)

20,000 20,000 30,000

0.00 0.00 0.00
0.00 0.00 0.00
(4,187) (119,462) (14,327)

0.96% -12.84% -5.56%

0.02 -12.46% -5.54%
0.93% -12.64% -5.48%
20.62 -2.82 -2.82
0.10 -1.14 -0.49

0.69 12.88% 31.88%

21.58 45.57 50.48
3.35% 0.02 1.39%

96.65% 0.99 98.61%

10.00 8.86 8.76

-2.17 5.25 0.98

-0.60 -44.18 -3.87

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
200,022 194,104 205,851
200,500 200,500 206,500
0 0 0
(478) (6,396) (649)
0 0 0
19,108 18,699 34,895
16,572 15,812 30,324
2,536 2,887 4,571
 219,130 212,803 240,746
159,113 146,579 160,048
147,981 135,156 142,082
11,132 11,423 17,966
60,017 66,224 80,698
7,564 10,961 20,217
52,453 55,263 60,481

40,997 32,106 70,336

34,099 37,506 62,087
6,897 (5,400) 8,249
5,922 (5,918) 5,746

20,050 20,050 20,650

0.00 0.00 0.00
0.00 0.00 0.00
3,595 7,862 12,669

2.96% -3.05% 2.79%

0.03 -2.74% 3.92%
0.03 -2.78% 2.39%
4.94 -6.95 7.53
0.30 -0.30 0.28

67.53% 63.51% 59.02%

9.60 9.27 5.28
8.72% 8.79% 14.49%

91.28% 91.21% 85.51%

9.98 9.68 9.97

0.61 -1.33 2.20

0.22 0.50 0.42

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
789,784 826,521 872,708
700,000 700,000 700,000
0 0 0
89,784 126,521 172,708
 0 0 0
34,209 39,374 30,587
31,722 36,887 28,100
2,487 2,487 2,487
823,993 865,895 903,295
557,062 602,173 636,940
548,572 583,004 604,738
8,490 19,169 32,202
266,931 263,722 266,355
75,083 70,053 68,122
191,848 193,669 198,233

296,986 353,935 403,759

255,395 300,686 337,785
41,591 53,249 65,974
28,282 36,736 46,187

7,000 7,000 7,000

0.00 0.00 0.00
0.00 0.00 0.00
38,755 46,276 38,694

3.58% 4.44% 5.29%

5.25% 6.42% 7.54%
3.43% 4.24% 5.11%
6.14 5.65 5.12
4.04 5.25 6.60

66.57% 67.33% 66.95%

17.56 16.32 22.67
4.15% 4.55% 3.39%

95.85% 95.45% 96.61%

112.83 118.07 124.67

1.37 1.26 0.84

1.22 1.25 1.38

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
202,003 264,120 313,354
200,000 250,000 275,000
0 0 0
2,003 14,120 38,354
0 0 0
26,048 24,880 39,401
11,788 11,620 28,141
14,260 13,260 11,260
228,051 289,000 352,755
157,911 200,583 258,899
132,859 183,627 216,380
25,052 16,956 42,519
70,140 88,417 93,856
15,043 16,654 18,094
55,097 71,763 75,762

65,286 87,054 134,879

46,455 65,912 103,704
18,831 21,142 31,175
15,630 12,118 24,195

20,000 25,000 27,500

0.00 0.00 0.00
0.00 0.00 0.00
14,426 22,846 18,725

7.74% 4.59% 7.72%

8.71% 7.62% 0.10
6.85% 4.19% 6.86%
2.47 3.12 3.33
0.78 0.48 0.88

58.26% 63.54% 61.34%

13.40 17.26 9.20
11.42% 8.61% 11.17%

88.58% 91.39% 88.83%

10.10 10.56 11.39

0.92 1.89 0.77

1.22 1.97 0.67
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
208,736 206,142 215,962
210,000 210,000 210,000
0 0 0
(1,264) (3,858) 5,962
0 0 0
2,023 2,239 5,569
2,023 2,239 5,569
0 0 0
210,759 208,381 221,531
152,781 150,538 166,656
136,236 142,927 157,502
16,545 7,611 9,154
57,978 57,843 54,875
4,818 4,183 3,715
53,160 53,660 51,160

77,788 72,438 91,596

70,501 74,308 77,568
7,287 (1,870) 14,028
6,509 (2,594) 9,820

21,000 21,000 21,000

0.00 0.00 0.00
0.00 0.00 0.00
7,561 5,404 11,766

3.12% -1.26% 4.55%

3.49% -0.91% 0.07
3.09% -1.24% 4.43%
9.67 -39.74 5.53
0.31 -0.12 0.47

64.64% 68.59% 0.71

75.52 67.23 29.93
0.96% 1.07% 2.51%

99.04% 98.93% 97.49%

9.94 9.82 10.28

1.16 -2.08 1.20

3.74 2.41 2.11
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
492,950 507,963 560,941
400,000 400,000 400,000
10,900 10,900 10,900
82,050 97,063 150,041
0 0 0
49,114 49,388 86,929
37,110 37,159 62,614
12,004 12,229 24,315
542,064 557,351 647,870
419,572 435,631 619,722
374,100 389,577 467,897
45,472 46,054 151,825
122,492 121,720 28,148
20,990 19,983 23,681
101,502 101,737 4,467

100,896 108,330 200,977

85,421 87,819 125,138
15,474 20,511 75,839
9,900 15,013 52,978

400 400 400

0.00 0.00 0.00
0.00 0.00 0.00
15,937 17,252 85,402

2.01% 2.96% 9.44%

3.06% 3.94% 12.96%
1.83% 2.69% 8.18%
5.52 4.28 1.65
24.75 37.53 132.45

69.01% 0.70 72.22%

11.31 11.72 9.90
9.06% 8.86% 13.42%

90.94% 91.14% 86.58%

1,232.38 1,269.91 1,402.35
 1.61 1.15 1.61
0.43 0.46 1.36

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
785,952 859,697 1,073,105
400,000 400,000 400,000
0 0 0
385,952 459,697 673,105
0 0 0
26,019 39,708 63,800
26,019 39,708 63,800
0 0 0
811,971 899,405 1,136,905
696,714 871,478 1,005,591
646,566 665,271 536,563
50,148 206,207 469,028
115,257 27,927 131,314
14,417 25,949 24,919
100,840 1,978 106,395

243,106 255,391 496,404

122,729 150,665 201,267
120,377 104,726 305,078
80,479 73,745 213,408

40,000 40,000 40,000

0.00 0.00 0.00
0.00 0.00 0.00
204,446 25,933 (125,680)

10.24% 8.58% 19.89%

15.32% 12.18% 28.43%
9.91% 0.08 18.77%
1.02 1.44 0.66
2.01 1.84 5.34

79.63% 73.97% 0.47

26.78 21.95 15.76
0.03 4.41% 5.61%
 0.97 95.59% 94.39%
19.65 21.49 26.83

2.54 0.35 -0.59

7.86 0.65 -1.97

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
513,843 548,708 615,922
400,000 400,000 500,000
89,460 113,843 48,708
24,383 34,865 67,214
0 0 0
129,561 128,295 120,659
121,384 122,937 114,833
8,177 5,358 5,826
643,404 677,003 736,581
545,699 550,596 583,774
350,569 398,363 207,971
195,130 152,233 375,803
97,705 126,407 152,807
19,530 19,975 20,586
78,175 106,432 132,221

230,879 274,944 344,177

193,523 228,024 247,339
37,356 46,920 96,839
24,383 34,865 67,214

40,000 40,000 50,000

0.00 0.00 0.00
0.00 0.00 0.00
(13,300) 79,204 (166,144)

4.75% 6.35% 10.91%

7.16% 8.47% 15.58%
3.79% 5.15% 9.13%
5.18 4.86 2.55
0.61 0.87 1.34
 54.49% 58.84% 28.23%
4.50 4.48 5.08
20.14% 18.95% 16.38%

79.86% 81.05% 83.62%

12.85 13.72 12.32

-0.55 2.27 -2.47

-0.11 0.64 -1.45

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
177,184 413,478 596,572
235,000 400,000 537,500
0 0 0
(57,816) 13,478 59,072
43,750 3,750 3,000
20,193 37,931 204,163
11,009 16,120 165,369
9,184 21,811 38,794
241,127 455,159 803,735
139,956 286,134 610,425
101,201 199,306 503,873
38,755 86,828 106,552
101,171 169,025 193,310
22,381 29,875 51,771
78,790 139,150 141,539

128,460 226,877 494,123

106,726 155,524 412,538
21,734 71,353 81,585
18,040 71,293 45,593

23,500 40,000 53,750

0.00 0.00 0.00
0.00 0.00 0.00
4,917 22,002 244,761

10.18% 17.24% 7.64%

 9.44% 16.25% 12.78%
7.48% 15.66% 5.67%
4.91 2.18 5.06
0.77 1.78 0.85

41.97% 43.79% 62.69%

12.71 17.75 3.69
8.37% 8.33% 0.25

73.48% 90.84% 74.22%

7.54 10.34 11.10

0.27 0.31 5.37

0.45 1.36 1.48

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
370,716 586,255 609,321
300,000 500,000 500,000
0 0 0
70,716 86,255 109,321
0 0 0
159,560 35,741 189,370
158,594 35,341 188,973
966 400 397
530,276 621,996 798,691
440,083 530,979 704,366
426,350 523,764 538,456
13,733 7,215 165,910
90,193 91,017 94,325
12,565 13,539 16,948
77,628 77,478 77,377

98,540 107,814 131,199

80,785 86,590 98,033
17,755 21,224 33,166
12,102 15,539 23,066

300 500 500

0.00 0.00 0.00
 0.00 0.00 0.00
138,598 (103,883) 15,123

3.26% 2.65% 3.79%

4.78% 3.62% 5.44%
2.28% 0.03 2.89%
4.55 4.08 2.96
40.34 31.08 46.13

0.80 84.21% 67.42%

2.77 15.02 3.73
30.09% 5.75% 23.71%

69.91% 94.25% 76.29%

1,235.72 1,172.51 1,218.64

11.45 -6.69 0.66

0.87 -2.94 0.08

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
812,568 864,620 1,006,832
556,875 556,875 857,587
0 0 0
255,693 307,745 149,245
0 0 0
24,021 12,345 18,995
13,223 1,824 5,790
10,798 10,521 13,205
836,589 876,965 1,025,827
813,770 862,229 864,281
403,358 457,650 521,305
410,412 404,579 342,976
22,819 14,736 161,546
19,623 11,820 12,432
3,196 2,916 149,114

185,828 195,276 337,899

122,910 124,259 141,122
62,917 71,017 196,777
 44,781 52,052 142,213

55,688 55,688 85,759

0.00 0.00 0.00
0.00 0.00 0.00
(108,418) (32,513) 124,107

5.51% 6.02% 14.12%

7.64% 8.11% 19.29%
5.35% 5.94% 13.86%
1.95 1.75 0.72
0.80 0.93 1.66

48.21% 52.19% 50.82%

61.54 472.71 149.27
2.87% 1.41% 1.85%

97.13% 98.59% 98.15%

14.59 15.53 11.74

-2.42 -0.62 0.87

-8.20 -17.83 21.43

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
213,784 209,453 208,728
210,000 210,000 210,000
0 0 0
3,784 (547) (1,272)
1,900 1,500 1,500
5,785 9,302 10,068
5,199 8,524 9,165
586 778 903
221,469 220,255 220,296
157,901 155,942 157,783
156,842 152,930 155,670
1,059 3,012 2,113
63,568 64,313 62,513
3,739 3,703 3,210
59,829 60,610 59,303
 47,928 30,700 36,685
24,859 34,132 36,962
23,069 (3,532) (277)
19,147 (4,331) (724)

2,100 2,100 2,100

0.00 0.00 0.00
0.00 0.00 0.00
2,573 (2,108) 1,544

8.96% -2.07% -0.35%

10.67% -1.67% -0.13%
8.65% -1.97% -0.33%
1.08 -9.66 -133.44
9.12 -2.06 -0.34

70.82% 69.43% 70.66%

30.37 18.29 17.22
2.61% 4.22% 4.57%

96.53% 0.95 94.75%

101.80 99.74 99.39

0.13 0.49 -2.13

0.49 -0.25 0.17

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
235,010 236,337 237,247
250,000 250,000 250,000
0 0 0
(14,990) (13,663) (12,753)
0 0 0
6,519 8,819 7,470
5,072 4,868 5,237
1,447 3,951 2,233
241,529 245,156 244,717
93,232 94,691 90,497
57,258 45,126 47,479
 35,974 49,565 43,018
148,297 150,465 154,220
73,269 70,306 73,479
75,028 80,159 80,741

128,343 141,292 144,983

119,705 138,307 141,894
8,638 2,985 3,089
7,170 1,327 909

2,500 2,500 2,500

0.00 0.00 0.00
0.00 0.00 0.00
24,208 (8,754) 10,920

3.05% 0.56% 0.38%

3.65% 1.24% 1.29%
2.97% 0.54% 0.37%
13.86 46.33 45.94
2.87 0.53 0.36

23.71% 18.41% 0.19

18.38 19.45 17.28
0.03 0.04 3.05%

0.97 0.96 96.95%

94.00 94.53 94.90

3.38 -6.60 12.01

4.77 -1.80 2.09

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
819,037 829,184 832,126
800,000 800,000 800,000
0 0 0
19,037 29,184 32,126
0 0 0
572,629 644,211 651,844
466,596 516,671 499,776
 106,033 127,540 152,068
1,391,666 1,473,395 1,483,970
1,199,511 1,278,702 1,347,711
869,963 1,151,268 846,239
329,548 127,434 501,472
192,155 194,693 136,259
80,246 77,913 133,696
111,909 116,780 2,563

977,842 1,042,629 1,208,596

954,327 1,012,961 1,145,950
23,515 29,668 62,646
9,201 10,147 6,570

8,000 8,000 8,000

0.00 0.00 0.00
0.00 0.00 0.00
126,136 210,773 (154,293)

1.12% 1.22% 0.79%

2.54% 0.03 6.37%
0.66% 0.69% 0.44%
40.58 34.14 18.29
1.15 1.27 0.82

62.51% 78.14% 57.03%

2.57 2.47 2.70
41.15% 43.72% 43.93%

58.85% 56.28% 56.07%

102.38 103.65 104.02

13.71 20.77 -23.48

0.27 0.41 -0.31

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
527,182 586,249 649,896
435,000 435,000 435,000
0 0 0
 92,182 151,249 214,896
0 0 0
171,832 288,451 202,203
75,169 213,073 148,930
96,663 75,378 53,273
699,014 874,700 852,099
539,010 686,982 672,523
450,620 234,104 322,953
88,390 452,878 349,570
160,004 187,718 179,576
69,872 73,527 66,523
90,132 114,191 113,053

195,758 204,756 264,164

146,213 137,480 182,475
49,545 67,276 81,689
47,012 59,066 63,647

43,500 43,500 43,500

0.00 0.00 0.00
0.00 0.00 0.00
99,950 (159,739) 124,422

8.92% 10.08% 9.79%

7.94% 10.17% 11.62%
6.73% 6.75% 7.47%
2.95 2.04 2.23
1.08 1.36 1.46

64.47% 26.76% 0.38

7.17 3.22 4.52
24.58% 32.98% 23.73%

75.42% 67.02% 76.27%

12.12 13.48 14.94

2.13 -2.70 1.95

1.33 -0.75 0.84

Financial Sector 2018

(Thousand Rupees)
 2016 2017 2018
193,556 206,141 218,857
200,000 200,000 200,000
0 0 0
(6,444) 6,141 18,857
0 0 0
22,521 21,370 32,482
15,097 14,989 24,154
7,424 6,381 8,328
216,077 227,511 251,339
138,991 145,538 168,813
114,617 124,898 125,848
24,374 20,640 42,965
77,086 81,973 82,526
12,558 16,096 18,156
64,528 65,877 64,370

63,475 83,050 130,744

61,824 70,855 111,700
1,652 12,195 19,044
1,660 10,296 12,685

200 200 200

0.00 0.00 0.00
0.00 0.00 0.00
(2,777) 14,696 3,418

0.86% 4.99% 0.06

0.82% 5.74% 8.38%
0.77% 4.53% 5.05%
37.42 5.81 5.87
8.30 51.48 63.43

53.04% 0.55 50.07%

9.21 9.71 6.99
10.42% 9.39% 12.92%

89.58% 90.61% 87.08%

967.78 1,030.71 1,094.29

-1.67 1.43 0.27

-0.18 0.98 0.14
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
746,692 872,776 1,004,261
650,000 700,000 700,000
0 0 0
96,692 172,776 304,261
0 0 0
121,005 241,997 219,390
117,097 241,522 219,390
3,908 475 0
867,697 1,114,773 1,223,651
613,496 837,581 1,076,065
426,795 670,323 599,466
186,701 167,258 476,599
254,201 277,192 147,586
111,762 112,072 109,940
142,439 165,120 37,646

399,341 500,014 668,215

345,726 394,465 480,764
53,615 105,549 187,451
37,881 76,086 131,485

6,500 7,000 7,000

0.00 0.00 0.00
0.00 0.00 0.00
(13,517) 79,168 74,816

5.07% 8.72% 13.09%

7.14% 12.09% 18.67%
4.37% 6.83% 10.75%
6.45 3.74 2.56
5.83 10.87 18.78

49.19% 60.13% 48.99%

5.24 3.47 4.90
13.95% 21.71% 17.93%

86.05% 78.29% 82.07%

114.88 124.68 143.47

-0.36 1.04 0.57

-0.12 0.33 0.34
Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
202,010 201,381 201,975
200,000 200,000 200,000
0 0 0
2,010 1,381 1,975
0 0 0
133 149 499
133 149 499
0 0 0
202,143 201,530 202,474
150,970 149,786 147,156
149,135 146,875 146,367
1,835 2,911 789
51,173 51,744 55,318
846 1,396 4,254
50,327 50,348 51,064

18,316 16,787 23,011

12,937 13,354 14,492
5,379 3,433 12,262
3,650 2,371 8,595

20,000 20,000 20,000

0.00 0.00 0.00
0.00 0.00 0.00
451 (1,327) 8,153

1.81% 1.18% 4.26%

2.66% 0.02 6.07%
1.81% 1.18% 4.24%
2.41 3.89 1.18
0.18 0.12 0.43

73.78% 72.88% 72.29%

1,135.11 1,005.28 294.90
0.07% 0.07% 0.25%

99.93% 99.93% 99.75%

10.10 10.07 10.10
 0.12 -0.56 0.95
3.39 -8.91 16.34

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
371,607 438,651 660,642
350,000 400,000 450,000
0 0 0
21,607 38,651 210,642
0 0 0
31,103 46,497 113,376
11,124 30,278 94,567
19,979 16,219 18,809
402,710 485,148 774,018
300,205 361,028 613,117
273,830 336,023 567,411
26,375 25,005 45,706
102,505 124,120 160,901
6,161 7,018 15,759
96,344 117,102 145,142

108,891 132,122 413,129

93,305 104,993 167,100
15,586 27,128 246,029
13,149 17,044 171,992

3,500 4,000 4,500

0.00 0.00 0.00
0.00 0.00 0.00
4,516 38,592 218,433

3.54% 3.89% 26.03%

3.98% 5.96% 36.21%
3.27% 3.51% 22.22%
5.99 3.87 0.68
3.76 4.26 38.22

0.68 69.26% 73.31%

26.99 11.92 6.48
 7.72% 9.58% 14.65%

92.28% 90.42% 85.35%

106.17 109.66 146.81

0.34 2.26 1.27

0.41 1.27 2.31

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
202,259 255,465 315,866
200,000 250,000 300,000
0 0 0
2,259 5,465 15,866
2,000 2,000 1,000
10,008 25,313 33,194
7,118 19,903 24,819
2,890 5,410 8,375
214,267 282,778 350,060
100,467 148,285 199,376
91,385 134,043 189,422
9,082 14,242 9,954
113,800 134,493 150,684
41,430 47,747 47,832
72,370 86,746 102,852

93,097 116,539 180,139

90,170 110,700 160,878
2,927 5,839 19,261
1,991 3,206 10,401

2,000 2,500 3,000

0.00 0.00 0.00
0.00 0.00 0.00
2,378 17,507 27,076

0.98% 1.25% 3.29%

1.41% 2.22% 5.92%
0.93% 1.13% 2.97%
30.81 18.96 8.35
 1.00 1.28 3.47

42.65% 0.47 54.11%

14.11 7.45 8.03
4.67% 8.95% 9.48%

0.94 90.34% 90.23%

101.13 102.19 105.29

1.19 5.46 2.60

0.33 0.88 1.09

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
266,452 303,677 319,204
260,150 300,000 300,000
0 0 0
6,302 3,677 19,204
5,000 5,000 4,500
21,312 13,365 71,759
21,312 13,365 71,759
0 0 0
292,764 322,042 395,463
217,517 226,134 294,704
206,963 218,755 220,977
10,554 7,379 73,727
75,247 95,908 100,759
7,142 15,412 13,404
68,105 80,496 87,355

51,543 73,782 134,405

48,993 75,816 112,202
2,550 (2,034) 22,203
1,612 (2,625) 15,526

2,602 3,000 3,000

0.00 0.00 0.00
0.00 0.00 0.00
(7,698) (10,152) 10,556
 0.01 -0.86% 4.86%
0.94% -0.66% 6.86%
0.55% -0.82% 3.93%
19.21 -37.27 5.05
0.62 -0.88 5.18

70.69% 67.93% 55.88%

10.21 16.92 4.11
7.28% 4.15% 18.15%

91.01% 0.94 80.72%

102.42 101.23 106.40

-4.78 3.87 0.68

-0.36 -0.76 0.15

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
437,004 553,353 661,842
350,000 400,000 400,000
0 0 0
87,004 153,353 261,842
0 0 0
326,484 316,868 585,319
321,984 312,868 581,319
4,500 4,000 4,000
763,488 870,221 1,247,161
623,777 652,376 1,019,363
442,432 491,213 868,366
181,345 161,163 150,997
139,711 217,845 227,798
84,813 101,646 91,998
54,898 116,199 135,800

550,845 808,106 1,047,054

477,649 712,839 900,612
73,196 95,267 146,442
46,430 66,348 108,489

35,000 40,000 40,000

 0.00 0.00 0.00
0.00 0.00 0.00
(87,045) 47,255 410,045

10.62% 11.99% 16.39%

16.58% 17.09% 21.99%
6.08% 7.62% 0.09
6.53 7.48 6.15
1.33 1.66 2.71

57.95% 56.45% 69.63%

1.94 2.09 1.75
42.76% 36.41% 46.93%

57.24% 63.59% 53.07%

12.49 13.83 16.55

-1.87 0.71 3.78

-0.27 0.15 0.71

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
320,044 322,100 418,312
320,000 320,000 400,000
0 0 0
44 2,100 18,312
0 0 0
3,121 3,150 11,916
852 402 8,351
2,269 2,748 3,565
323,165 325,250 430,228
229,457 228,832 311,049
228,975 228,133 302,844
482 699 8,205
93,708 96,418 119,179
4,816 9,342 11,325
88,892 87,076 107,854

48,606 43,000 102,543

38,602 40,293 81,632
 10,004 2,707 20,911
6,498 2,056 16,213

32,000 32,000 40,000

0.00 0.00 0.00
0.00 0.00 0.00
7,097 2,953 26,923

2.03% 0.64% 3.88%

0.03 0.83% 4.96%
2.01% 0.63% 3.77%
3.86 14.88 3.90
0.20 0.06 0.41

70.85% 70.14% 70.39%

269.32 569.23 37.25
0.97% 0.97% 2.77%

99.03% 99.03% 97.23%

10.00 10.07 10.46

1.09 1.44 1.66

8.33 7.35 3.22

(Thousand Rupees)
2016 2017 2018
141,449,459 130,316,677 128,579,024
36,815,193 39,588,321 42,448,302
60,096,941 47,457,366 42,274,962
44,537,325 43,270,990 43,855,760
3,081,149 2,743,345 3,138,453
1,110,442,591 1,224,916,867 1,361,319,519
2,483,637 3,049,994 3,729,090
817,331,661 902,527,773 1,005,724,371
290,627,293 319,339,100 351,866,058
1,254,973,198 1,357,976,888 1,493,036,994
59,415,634 72,132,560 65,532,643
63,618,947 1,538,716 1,608,499
987,647,020 1,050,277,578 1,139,557,041
132,118,971 217,994,294 266,891,202
12,172,626 16,033,740 19,447,609

13,081,117 151,099,601 89,024,537

263,980,909 294,644,245 311,030,780
215,186,530 253,144,482 273,455,066
115,385,078 127,171,083 140,628,484
95,585,828 110,648,433 125,201,863
 66,867,482 132,116,281 150,902,727
25,385,158 24,775,654 22,011,196
17,882,162 16,254,425 14,127,049

3,411,519 3,688,832 3,929,830

N/A N/A N/A
N/A N/A N/A
48,534,032 58,599,503 59,357,055

12.64% 12.47% 10.99%

1.42% 0.01 0.95%
5.24 4.41 3.59
44.42% 43.71% 45.79%
373.93% 8.13 1068.18%
6.08% 59.69% 32.56%

4.73% 5.31% 4.39%

0.79 77.34% 76.32%

11.27% 0.10 8.61%

41.46 35.33 32.72

271.41% 360.51% 420.17%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
20,317,550 22,775,844 24,269,918
7,463,402 7,716,193 8,836,193
3,651,823 4,595,669 5,568,163
9,202,325 10,463,982 9,865,562
1,763,210 986,443 1,260,028
982,491,224 1,086,290,787 1,215,109,390
0 0 0
734,067,498 810,201,764 909,279,009
248,423,726 276,089,023 305,830,381
1,004,571,984 1,110,053,074 1,240,639,336
41,256,688 51,651,624 48,084,537
63,424,098 1,073,893 1,202,099
840,384,565 915,619,874 1,006,819,824
55,946,440 135,412,822 177,581,159
 3,560,193 6,294,861 6,951,717

1,347,762 73,365,231 81,016,134

171,780,969 198,954,987 216,435,519
169,155,733 196,532,135 213,538,176
73,590,010 83,304,800 96,498,789
71,720,064 81,004,135 94,284,250
60,014,111 127,894,046 145,101,506
7,911,523 9,963,044 8,403,004
5,283,415 6,498,998 5,452,216

476,340 501,619 568,619

N/A N/A N/A
N/A N/A N/A
42,357,258 54,803,340 53,226,173

0.26 28.53% 22.46%

0.53% 0.59% 0.44%
11.09 12.96 9.59
0.42 41.22% 44.15%
11.36 19.68 2661.33%
0.01 37.33% 37.94%

4.11% 4.65% 3.88%

83.66% 82.48% 81.15%

2.02% 2.05% 1.96%

42.65 45.40 42.68

8.02 843.26% 976.23%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,241,425 1,059,301 1,126,817
935,494 935,494 935,494
233,009 69,450 139,035
72,922 54,357 52,288
25,162 4,639 (3,928)
22,246,310 28,393,488 32,789,403
0 0 0
 481,280 642,625 1,391,835
21,765,030 27,750,863 31,397,568
23,512,897 29,457,428 33,912,292
1,677,912 1,351,635 3,311,653
28,624 40,086 45,367
20,133,136 27,348,232 29,638,487
1,547,339 503,693 749,148
125,886 213,782 167,637

23,632 146,016 1,585,556

11,301,714 13,766,086 13,247,254
10,913,432 13,294,151 12,711,254
3,480,937 4,826,323 6,915,636
3,151,648 4,400,308 6,392,091
6,428,487 12,921,738 13,157,398
1,962 (242,152) 72,563
1,178 (169,749) 56,088

93,549 93,549 93,549

0.00 0.00 0.00
0.00 0.00 0.00
4,335,391 6,884,690 4,059,752

0.09% -16.02% 4.98%

0.01% -0.58% 0.17%
0.01 -1.81 0.60
28.88% 0.33 50.29%
545711.97% -7612.26% 23458.49%
0.22% 0.01 12.47%

7.14% 4.59% 9.77%

85.63% 92.84% 0.87

5.28% 0.04 3.32%

13.27 11.32 12.05

3680.30 -4055.81% 7238.18%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
 194,282 158,620 545,627
601,720 601,720 1,101,720
(320,764) (355,735) (452,235)
(86,674) (87,365) (103,858)
282 100,238 257
281,990 268,109 297,489
0 0 0
83,362 77,910 108,263
198,628 190,199 189,226
476,554 526,967 843,373
65,960 55,225 73,881
10,671 10,859 9,804
359,808 423,767 714,005
20,824 19,987 40,300
19,291 17,129 5,383

16,373 23,833 29,631

24,856 19,211 43,849
20,081 16,758 25,661
50,399 39,556 64,040
49,516 37,332 50,083
(59,824) 42,380 58,472
(4,751) (35,073) (112,738)
(4,917) (35,662) (112,993)

60,172 60,172 110,172

0.01% 0.00 0.00
0.00 0.00 0.00
(109,938) (71,636) (118,998)

-2.53% -22.48% -20.71%

-1.03% -6.77% -0.13
-0.08 -0.59 -1.03
246.58% 222.77% 195.17%
1216.68% -118.84% -51.75%
81.53% 142.22% 115.47%

13.84% 10.48% 8.76%

0.76 80.42% 84.66%

40.77% 0.30 0.65

3.23 2.64 4.95

2235.88% 200.87% 105.31%

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
5,535,588 5,870,550 5,951,883
1,000,000 1,000,000 1,000,000
1,650,000 1,900,000 2,150,000
2,885,588 2,970,550 2,801,883
582,271 92,121 75,713
100,496,875 103,582,513 110,737,015
0 0 0
2,416,546 2,840,305 2,545,802
98,080,329 100,742,208 108,191,213
106,614,734 109,545,184 116,764,611
3,037,489 6,057,913 4,786,362
91,912 105,386 136,737
99,021,099 97,959,122 105,820,637
2,309,842 3,213,921 3,562,210
2,154,392 2,208,842 2,458,665

410,697 6,411,124 6,942,391

24,676,452 31,420,835 30,790,407
23,861,851 30,813,133 30,164,268
18,351,861 14,828,672 13,589,766
17,764,439 14,237,934 13,094,451
3,261,031 27,157,046 30,372,245
2,798,096 2,794,241 2,326,390
1,872,896 1,909,962 1,581,333

100,000 100,000 100,000

0.02 0.02 0.02
0.00 0.00 0.00
212,450 7,299,968 7,835,807

33.83% 32.53% 26.57%

1.76% 1.74% 1.35%
18.73 19.10 15.81
74.45% 46.21% 43.41%
174.12% 1421.86% 1920.67%
1.72% 20.81% 23.02%

2.85% 5.53% 0.04

92.88% 89.42% 90.63%
 5.19% 5.36% 0.05
55.36 58.71 59.52

11.34% 3.82 495.52%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,496,342 1,569,055 1,402,094
605,000 705,672 705,672
77,899 173,456 71,065
813,443 689,927 625,357
108,208 (24,767) (48,240)
17,943,342 18,484,007 17,296,523
0 0 0
423,213 336,799 351,275
17,520,129 18,147,208 16,945,248
19,547,892 20,028,295 18,650,377
610,880 746,277 768,762
0 0 0
17,671,547 17,771,814 15,681,832
1,181,180 1,382,315 1,645,575
84,285 127,889 554,208

106,863 1,072,504 1,077,634

7,584,067 5,617,388 4,793,561
7,436,242 5,488,472 4,656,321
3,213,429 4,392,221 5,154,003
3,186,980 4,318,736 5,122,635
3,813,915 453,138 (939,362)
135,539 225,975 (134,076)
94,890 157,771 (94,703)

60,500 70,567 70,567

0.00 0.10 0.16%
0.16% 0.16 0.00
2,965,665 (411,053) (1,990,349)

6.34% 10.06% -6.75%

0.49% 0.79% -0.51%
1.57 2.24 -1.34
 42.86% 78.69% 110.01%
40.19 287.21% 9.92
1.44% 19.54% 23.14%

3.13% 3.73% 4.12%

0.90 88.73% 84.08%

7.65% 7.83% 7.52%

24.73 22.23 19.87

3125.37% -260.54% 2101.67%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
7,120,394 9,301,632 10,363,161
721,188 793,307 793,307
1,825,862 2,501,455 3,153,255
4,573,344 6,006,870 6,416,599
544,802 15,090 (21,492)
95,131,570 111,196,179 129,284,345
0 0 0
1,774,327 2,465,214 5,565,251
93,357,243 108,730,965 123,719,094
102,796,766 120,512,901 139,626,014
4,404,061 4,893,175 5,673,359
9,152 18,909 24,792
94,253,985 110,010,655 112,519,463
3,394,977 2,331,502 18,082,299
734,591 3,258,660 3,326,101

463,311 5,959,850 7,564,517

38,003,577 46,816,891 51,887,073
36,988,234 45,905,895 50,670,972
10,268,591 14,015,203 17,294,771
9,473,846 12,969,716 16,315,729
23,009,185 42,091,302 48,996,245
3,151,604 5,135,506 3,775,351
2,107,898 3,261,837 2,430,331

72,119 79,331 79,331

 1.45% 1.75% 1.75%
0.00 0.00 0.00
18,136,828 22,157,759 22,499,257

0.30 35.07% 23.45%

2.05% 2.71% 1.74%
29.23 41.12 30.64
25.61% 28.25% 0.32
1091.57% 1290.42% 2016.03%
1.25% 12.98% 14.93%

4.28% 4.06% 4.06%

91.69% 91.29% 80.59%

6.93% 7.72% 7.42%

98.73 117.25 130.63

860.42% 6.79 925.77%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
4,398,078 4,576,958 4,720,658
3,000,000 3,000,000 3,500,000
185,817 307,043 507,043
1,212,261 1,269,915 713,615
502,485 779,122 1,157,718
746,289,576 824,105,800 924,352,798
0 0 0
728,855,421 803,781,784 899,221,629
17,434,155 20,324,016 25,131,169
751,190,139 829,461,880 930,231,174
31,348,623 38,452,099 33,298,315
63,283,739 898,653 985,399
608,801,177 661,915,969 742,242,883
47,347,590 127,758,291 153,290,575
409,010 436,868 414,002

317,517 59,738,227 63,800,988

90,074,024 101,044,743 115,238,178
89,820,969 100,760,717 114,914,347
 38,070,144 45,117,374 53,211,649
37,938,986 44,954,658 53,040,337
23,606,112 44,954,658 53,040,337
1,830,460 2,256,129 2,675,420
1,212,261 1,546,552 1,792,210

30,000 30,000 35,000

0.00 0.00 0.00
0.00 0.00 0.00
17,029,114 19,024,872 21,068,067

27.56% 33.79% 37.97%

0.16% 0.19% 0.19%
40.41 51.55 51.21
42.24% 44.62% 46.16%
1947.28% 2906.77% 2959.49%
0.35% 59.29% 55.52%

4.17% 4.64% 3.58%

81.04% 0.80 79.79%

0.59% 0.55% 0.51%

146.60 152.57 134.88

1404.74% 1230.15% 1175.54%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
331,441 239,728 159,678
600,000 680,000 800,000
0 0 0
(268,559) (440,272) (640,322)
0 20,000 100,000
101,561 260,691 351,817
0 0 0
33,349 57,127 94,954
68,212 203,564 256,863
433,002 520,419 611,495
111,763 95,300 172,205
0 0 0
 143,813 190,315 202,517
144,688 203,113 211,052
32,738 31,691 25,721

9,369 13,677 15,417

116,279 269,833 435,197
114,924 253,009 395,353
154,649 85,451 268,924
154,649 85,451 268,924
(44,795) 273,784 416,171
(1,387) (171,582) (199,906)
(791) (171,713) (200,050)

60,000 68,000 80,000

0.00 0.00 0.00
0.00 0.00 0.13%
(212,252) (81,260) (127,363)

-0.24% -71.63% -125.28%

-0.18% -0.33 -32.71%
-0.01 -2.53 -2.50
134.57% 33.77% 68.02%
5663.08% -159.44% -208.03%
8.15% 5.41% 0.04

25.81% 18.31% 28.16%

33.21% 36.57% 33.12%

76.54% 46.06% 26.11%

5.52 3.53 2.00

26833.38% 47.32% 63.67%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
119,197,111 105,237,393 101,536,542
26,669,819 28,868,022 29,982,770
56,719,892 43,132,816 37,122,153
35,807,400 33,236,555 34,431,619
990,973 1,346,340 1,350,990
 108,478,728 116,241,159 120,561,360
0 0 0
81,971,884 90,909,822 94,961,277
26,506,844 25,331,337 25,600,083
228,666,812 222,824,892 223,448,891
13,990,926 15,827,710 12,927,560
192,160 451,119 398,903
133,144,045 117,423,049 111,894,893
73,075,654 79,773,283 86,198,902
8,264,027 9,349,731 12,028,633

11,648,142 76,883,518 6,840,239

82,126,307 85,265,626 84,209,852
43,497,059 47,706,158 51,378,342
38,237,079 39,110,459 39,363,995
22,311,119 25,669,600 26,667,411
6,868,594 4,200,129 5,789,765
17,723,135 15,068,108 13,935,911
12,912,257 10,072,307 9,067,094

2,666,982 2,886,802 2,998,277

N/A N/A N/A
N/A N/A N/A
3,765,002 768,833 3,605,181

10.83% 9.57% 8.93%

5.65% 4.52% 4.06%
4.84 3.49 3.02
51.29% 53.81% 0.52
53.19% 0.42 63.85%
26.78% 161.16% 13.31%

6.12% 0.07 5.79%

58.23% 0.53 50.08%

52.13% 47.23% 45.44%

44.69 36.45 33.86

29.16% 7.63% 39.76%

Financial Sector 2018

 (Thousand Rupees)
2016 2017 2018
21,871,855 20,364,465 19,663,359
3,500,000 3,500,000 3,500,001
6,278,086 5,000,501 3,784,200
12,093,769 11,863,964 12,379,158
0 0 0
23,767,842 27,023,072 28,181,736
0 0 0
18,713,108 22,383,450 23,680,578
5,054,734 4,639,622 4,501,158
45,639,697 47,387,537 47,845,094
3,811,171 2,278,614 2,211,444
18,369 147,024 103,455
24,337,225 23,749,454 24,114,124
16,223,192 18,580,304 17,822,573
1,249,740 2,632,141 3,593,498

3,502,042 1,493,778 1,284,656

16,270,031 18,521,851 20,387,059
9,615,381 11,534,999 13,805,781
10,609,406 10,632,888 13,413,513
6,210,499 7,433,828 8,385,752
1,077,987 556,779 815,905
4,053,636 2,120,906 2,173,500
3,492,944 1,221,228 1,239,000

350,000 350,000 350,000

0.40 0.25 0.25
0.00 0.00 0.00
222,446 1,060,014 1,892,177

15.97% 0.06 0.06

7.65% 2.58% 2.59%
9.98 3.49 3.54
64.59% 64.45% 60.74%
30.86% 45.59% 65.85%
36.42% 12.95% 9.31%

8.35% 4.81% 4.62%

53.32% 50.12% 0.50

47.92% 42.97% 0.41

62.49 58.18 56.18

6.37% 0.87 152.72%

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
985,184 1,054,417 1,066,866
500,000 500,000 500,000
203,541 152,332 100,604
281,643 402,085 466,262
0 0 0
1,875,401 2,096,066 2,120,005
0 0 0
1,498,541 1,649,111 1,609,041
376,860 446,955 510,964
2,860,585 3,150,483 3,186,871
374,766 765,259 592,898
4,114 3,419 4,996
798,107 574,442 1,016,096
1,500,068 1,614,801 1,390,698
183,530 192,562 182,183

96,509 48,856 36,932

1,924,317 2,082,005 2,338,699
916,586 1,043,222 1,302,298
861,774 711,734 1,168,455
493,076 470,630 617,966
86,168 100,692 24,197
194,975 176,895 95,188
129,374 123,040 65,767

50,000 50,000 50,000

0.00 0.00 0.00
0.00 0.00 0.00
79,782 163,110 257,785

13.13% 11.67% 6.16%

4.52% 3.91% 2.06%
2.59 2.46 1.32
53.79% 45.11% 47.45%
0.67 81.84% 36.79%
10.53% 4.68% 2.84%

0.13 24.29% 0.19

 0.28 18.23% 31.88%

34.44% 33.47% 33.48%

19.70 21.09 21.34

61.67% 132.57% 391.97%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
664,856 581,408 561,442
500,000 500,000 500,000
33,787 (9,773) (11,752)
131,069 91,181 73,194
0 0 0
1,110,622 1,239,580 1,253,455
0 0 0
923,764 1,049,803 1,066,964
186,858 189,777 186,491
1,775,478 1,820,988 1,814,897
91,398 39,549 122,911
1,387 10,882 8,628
888,660 759,479 695,971
752,822 954,636 934,167
41,211 56,442 53,220

111,148 44,449 20,931

2,004,643 1,947,030 2,026,447
1,286,460 1,227,527 1,335,397
1,470,078 1,443,373 1,694,426
1,027,222 936,425 1,069,395
145,578 132,905 101,299
216,577 121,740 76,947
150,670 84,244 57,013

50,000 50,000 50,000

0.00 0.00 0.00
0.00 0.00 0.00
(9,129) 26,334 72,977

22.66% 14.49% 10.15%

 8.49% 4.63% 3.14%
3.01 1.68 1.14
79.85% 76.29% 80.08%
96.62% 157.76% 177.68%
8.64% 3.62% 1.57%

5.15% 2.17% 6.77%

50.05% 41.71% 38.35%

37.45% 31.93% 30.94%

13.30 11.63 11.23

-6.06% 31.26% 1.28

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
702,578 741,053 705,602
403,600 500,000 500,000
92,844 95,005 108,890
206,134 146,048 96,712
0 0 0
493,790 670,093 510,467
0 0 0
396,088 590,450 423,339
97,702 79,643 87,128
1,196,368 1,411,146 1,216,069
22,320 133,048 31,399
0 0 0
829,497 779,013 808,033
337,186 493,864 372,771
7,365 5,221 3,866

78,203 53,760 43,777

151,448 106,277 83,473
79,946 79,917 47,419
60,567 111,868 158,074
47,719 89,344 46,024
(73,177) (123,106) (97,527)
(19,057) (67,595) (53,466)
(15,475) (59,846) (49,628)
 40,360 50,000 50,000
0.00 0.00 0.00
0.00 0.00 0.00
(35,352) (110,640) (134,613)

-0.02 -8.08% -7.03%

-1.29% -4.24% -4.08%
-0.38 -1.20 -0.99
59.69% 1.12 97.06%
472.87% 2.06 196.52%
97.82% 67.27% 92.32%

1.87% 9.43% 2.58%

69.33% 0.55 66.45%

58.73% 52.51% 58.02%

17.41 14.82 14.11

228.45% 184.87% 271.24%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
543,829 620,624 985,939
450,000 450,000 800,000
2,500 2,500 2,500
91,329 168,124 183,439
91,060 463 (20)
404,352 515,237 478,083
0 0 0
333,689 453,659 415,047
70,663 61,578 63,036
1,039,241 1,136,324 1,464,002
116,140 243,196 316,248
0 0 0
317,284 312,437 498,372
355,541 481,409 568,193
250,276 99,282 81,189

51,676 (30,084) 10,778

 540,234 659,319 521,370
420,122 527,728 480,215
124,004 188,544 194,584
95,338 179,238 136,965
15,393 (17,495) (19,528)
73,955 84,669 15,457
71,098 76,795 20,315

45,000 45,000 80,000

0.00 0.00 0.00
0.25 0.00 0.00
(17,826) 207 (97,978)

13.07% 12.37% 2.06%

6.84% 6.76% 1.39%
1.58 1.71 0.25
22.69% 33.96% 28.52%
21.65% -22.78% -96.13%
0.12 -0.06 2.24%

11.18% 0.21 0.22

30.53% 0.28 34.04%

52.33% 54.62% 67.35%

12.09 13.79 12.32

-25.07% 0.27% -482.29%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,404,244 1,484,286 1,686,721
543,681 625,234 625,234
210,233 165,157 173,699
650,330 693,895 887,788
0 0 0
2,341,406 3,026,843 3,167,844
0 0 0
1,942,797 2,555,292 2,642,691
398,609 471,551 525,153
3,745,650 4,511,129 4,854,565
 151,902 191,755 147,175
1,344 801 13,095
1,524,532 1,606,820 1,831,910
1,934,140 2,591,353 2,633,479
133,732 120,400 228,906

122,238 87,829 70,701

2,249,946 2,583,234 2,885,080
1,255,230 1,356,189 1,811,751
1,045,253 1,005,118 1,407,006
644,502 622,365 1,069,485
369,211 252,431 272,577
320,516 364,497 420,847
236,805 253,690 295,767

54,368 62,523 62,523

0.10 0.25 0.15
0.15 0.00 0.15
123,594 257,472 364,137

16.86% 17.09% 17.54%

6.32% 5.62% 6.09%
4.36 4.06 4.73
51.35% 45.89% 59.03%
155.91% 1.00 92.16%
9.74% 6.48% 0.04

4.06% 4.25% 3.03%

0.41 35.62% 37.74%

37.49% 0.33 34.75%

25.83 23.74 26.98

52.19% 101.49% 123.12%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
4,727,324 4,047,043 3,460,876
701,614 701,614 701,614
3,406,850 2,685,644 2,104,563
 618,860 659,785 654,699
0 0 0
3,347,497 2,715,078 3,204,851
0 0 0
1,710,330 1,521,055 2,297,663
1,637,167 1,194,023 907,188
8,074,821 6,762,121 6,665,727
250,436 702,252 1,327,987
97 37 16
6,437,759 4,933,697 3,726,699
1,327,319 1,037,057 1,528,945
59,210 89,078 82,080

458,140 321,547 230,857

2,333,644 2,379,272 2,849,455
1,044,230 1,274,543 1,473,915
684,382 689,134 893,127
268,889 432,519 488,305
484,203 578,495 684,323
916,846 988,847 989,029
618,174 663,987 665,568

70,161 70,161 70,161

0.65 0.65 0.70
0.00 0.00 0.10
300,395 363,836 725,505

13.08% 16.41% 19.23%

7.66% 9.82% 9.98%
8.81 9.46 9.49
25.75% 33.94% 33.13%
78.33% 87.12% 102.82%
43.87% 25.23% 15.66%

0.03 10.39% 19.92%

79.73% 72.96% 55.91%

58.54% 59.85% 51.92%

67.38 57.68 49.33

48.59% 0.55 109.01%

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
1,857,271 1,730,534 1,720,404
457,244 502,968 502,968
520,979 335,843 343,543
879,048 891,723 873,893
0 0 0
1,015,912 1,005,098 1,109,340
0 0 0
762,767 774,531 864,768
253,145 230,567 244,572
2,873,183 2,735,632 2,829,744
108,621 116,781 440,366
0 2,671 3,200
2,010,462 1,519,135 1,404,190
682,045 1,030,903 909,663
72,055 66,142 72,325

223,483 147,056 (54,366)

1,008,602 1,049,724 1,185,648
659,251 593,051 690,290
97,395 386,530 446,221
390,450 246,956 288,199
148,596 85,533 129,725
264,663 233,593 105,020
185,867 140,006 71,327

45,724 50,297 50,297

0.18 0.18 0.13
0.10 0.00 0.00
19,641 (69,264) 108,884

10.01% 8.09% 4.15%

6.47% 5.12% 2.52%
4.06 2.78 1.42
59.23% 41.64% 41.75%
79.95% 61.09% 181.87%
0.34 0.25 -7.88%

3.78% 4.27% 15.56%

69.97% 55.53% 49.62%

64.64% 63.26% 0.61

40.62 34.41 34.21
 10.57% -49.47% 152.65%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
469,198 565,891 610,009
400,000 500,000 500,000
69,198 5,272 8,742
0 60,619 101,267
0 0 0
813,613 602,697 405,391
0 0 0
755,819 421,769 362,273
57,794 180,928 43,118
1,282,811 1,168,588 1,015,400
437,543 38,199 38,220
0 0 0
53,945 642,810 516,599
775,486 473,071 442,638
15,837 14,508 17,943

25,582 26,630 33,970

392,561 528,230 437,342
121,362 108,066 125,783
705,585 232,467 158,119
21,468 11,040 26,887
6,048 32,737 24,819
27,932 56,789 59,987
16,815 42,425 41,472

40,000 50,000 50,000

0.00 0.00 0.00
0.00 0.00 0.00
(197,192) 117,353 (154,220)

3.58% 0.08 0.07

1.31% 3.63% 4.08%
0.42 0.85 0.83
17.69% 10.22% 21.38%
35.97% 77.16% 59.85%
21.08% 24.64% 27.01%
 34.11% 3.27% 3.76%
4.21% 55.01% 50.88%

36.58% 48.43% 60.08%

11.73 11.32 12.20

-1172.71% 276.61% -371.87%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
942,828 939,265 1,126,807
826,833 826,833 1,076,950
105,103 28,372 28,895
10,892 84,060 20,962
(199,650) 50,363 (199,650)
366,658 253,385 252,436
0 0 0
167,726 166,833 110,801
198,932 86,552 141,635
1,109,836 1,243,013 1,179,593
58,368 57,571 73,139
23 215 0
188,474 241,152 165,578
841,159 919,620 919,523
21,812 24,455 21,353

6,906 103,712 307

190,288 113,280 114,614
206,346 109,614 111,270
57,072 35,915 23,194
55,418 37,283 17,453
52,364 (95,046) (89,181)
25,622 40,021 (49,237)
23,557 73,167 (63,097)

82,683 82,683 107,695

0.00 0.00 0.00
0.00 0.00 0.00
20,644 (330,573) (6,829)
 0.03 7.79% -0.06
2.12% 5.89% -5.35%
0.28 0.88 -0.59
26.86% 34.01% 15.69%
222.29% -1.30 141.34%
3.35% 94.62% 0.28%

5.26% 4.63% 0.06

16.98% 0.19 14.04%

84.95% 75.56% 95.53%

11.40 11.36 10.46

87.63% -451.81% 10.82%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
21,083,909 20,841,285 19,298,455
2,000,000 2,000,000 2,000,000
15,443,591 15,638,968 14,522,985
3,640,318 3,202,317 2,775,470
0 0 859,097
20,259,141 22,812,819 22,711,571
0 0 0
16,392,852 19,092,528 18,920,486
3,866,289 3,720,291 3,791,085
41,343,050 43,654,104 42,869,123
1,867,466 1,594,759 1,266,562
2,258 9,058 10,028
26,260,086 28,223,784 25,482,899
12,065,821 12,537,480 13,493,986
1,147,419 1,289,023 2,615,648

1,009,428 1,512,280 1,612,336

16,099,993 18,837,706 18,780,177
7,242,821 7,614,588 7,562,349
4,347,275 5,067,420 4,956,502
2,694,098 2,975,071 3,088,870
1,789,019 1,632,428 1,306,804
 3,781,284 3,661,586 3,262,364
2,392,442 2,500,330 2,171,273

200,000 200,000 200,000

1.00 1.00 1.00
0.00 0.00 0.00
826,235 3,096,396 20,052

11.35% 0.12 11.25%

5.79% 5.73% 5.06%
11.96 12.50 10.86
0.37 39.07% 40.85%
74.78% 65.29% 60.19%
13.94% 19.86% 21.32%

4.52% 3.65% 2.95%

63.52% 64.65% 59.44%

0.51 47.74% 45.02%

105.42 104.21 96.49

34.54% 123.84% 0.92%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
990,000 1,049,518 1,123,839
508,151 609,782 762,227
197,788 191,119 133,048
284,061 248,617 228,564
0 0 0
1,349,337 1,639,854 1,834,242
0 0 0
1,123,822 1,434,054 1,603,088
225,515 205,800 231,154
2,339,337 2,689,372 2,958,081
11,663 14,892 35,777
0 0 0
1,123,383 1,236,661 1,123,750
1,078,214 1,320,336 1,641,834
126,077 117,483 156,720
 187,510 (47,436) (9,220)
2,066,836 2,531,428 3,107,161
981,285 1,054,707 1,459,230
603,924 850,977 912,411
469,034 469,917 633,992
181,258 228,395 270,799
297,013 88,795 146,116
282,147 66,187 132,392

50,815 60,978 76,223

0.13 0.00 0.00
0.13 0.20 0.25
49,250 166,099 33,558

0.29 6.31% 11.78%

12.06% 2.46% 4.48%
5.55 1.09 1.74
0.48 44.55% 43.45%
64.24% 345.08% 204.54%
19.11% -0.05 -0.63%

0.01 0.55% 1.21%

48.02% 45.98% 37.99%

42.32% 39.02% 37.99%

19.48 17.21 14.74

17.46% 250.95% 25.35%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
519,310 556,139 544,226
400,000 500,000 500,000
97,483 81,522 81,547
21,827 (25,383) (37,321)
0 0 0
87,731 77,879 72,490
0 0 0
13,047 34,660 12,615
 74,684 43,219 59,875
607,041 634,018 616,716
64,603 5,307 15,729
451 541 536
531,429 602,499 577,286
6,664 22,449 20,600
3,894 3,222 2,565

105,549 (22,703) 13,976

4,561 3,980 2,231
673 1,874 502
322 13,861 8,825
1,407 1,814 (3,424)
(10,652) (21,283) (24,037)
113,344 (46,722) (11,381)
100,490 (47,210) (11,938)

40,000 50,000 50,000

0.00 0.00 0.00
0.00 0.00 0.00
(11,159) (53,802) (39,165)

19.35% -8.49% -2.19%

16.55% -7.45% -1.94%
2.51 -0.94 -0.24
209.06% 0.97 -682.07%
-0.11 45.08% 201.35%
15683.36% -1211.47% 2784.06%

10.64% 0.84% 2.55%

87.54% 95.03% 93.61%

85.55% 87.72% 88.25%

12.98 11.12 10.88

-0.11 113.96% 328.07%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,099,648 985,080 994,172
 619,374 619,374 619,374
264,122 264,122 264,122
216,152 101,584 110,676
636,930 450,547 344,387
1,928,914 1,840,432 1,943,844
0 0 0
1,289,917 1,384,577 1,475,688
638,997 455,855 468,156
3,665,492 3,276,059 3,282,403
148,016 166,460 102,396
62,084 64,831 59,466
1,724,594 1,277,273 1,200,619
1,705,163 1,742,210 1,806,403
25,635 25,285 113,519

238,626 215,224 196,665

1,400,881 1,163,365 1,327,024
544,701 555,977 532,062
757,385 810,710 722,774
281,560 373,716 312,495
71,014 16,196 46,611
285,110 162,735 157,916
191,708 109,956 105,310

61,937 61,937 61,937

0.35 0.15 0.15
0.00 0.00 0.00
(111,458) (157,547) (61,996)

17.43% 11.16% 10.59%

5.23% 3.36% 3.21%
3.10 1.78 1.70
51.69% 67.22% 58.73%
37.04% 14.73% 44.26%
43.81% 38.71% 36.96%

4.04% 5.08% 3.12%

47.05% 38.99% 36.58%

0.30 30.07% 30.29%

17.75 15.90 16.05

-58.14% -143.28% -58.87%

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
12,260,735 1,673,622 2,250,039
1,226,895 1,501,000 1,918,384
8,102,711 0 0
2,931,129 172,622 331,655
0 417,384 0
2,389,891 3,653,532 4,608,356
0 0 0
1,698,799 2,760,150 3,521,672
691,092 893,382 1,086,684
14,650,626 5,744,538 6,858,395
367,174 2,467,742 477,161
0 0 0
12,515,647 1,460,557 2,734,687
1,547,062 1,536,911 3,327,234
220,743 279,328 319,313

1,445,480 63,685 134,816

2,343,705 2,901,560 4,417,930
1,121,949 1,645,140 2,236,396
1,074,221 1,195,945 1,620,722
586,425 933,244 1,142,715
256,411 208,758 242,000
1,531,753 248,798 467,599
1,293,046 173,879 327,386

122,690 150,100 191,838

0.60 0.40 0.60
0.00 0.00 0.15
24,479 473,635 263,180

10.55% 10.39% 14.55%

8.83% 3.03% 4.77%
10.54 1.16 1.71
52.27% 56.73% 0.51
19.83% 120.06% 73.92%
128.84% 3.87% 6.03%

2.51% 42.96% 6.96%

85.43% 25.43% 39.87%

83.69% 29.13% 32.81%

 99.93 11.15 11.73

1.89% 272.39% 80.39%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
8,773,381 8,312,970 7,908,056
1,569,100 1,804,465 1,804,466
6,015,807 5,443,506 5,038,172
1,188,474 1,064,999 1,065,418
0 0 0
11,742,817 11,384,594 13,405,096
0 0 0
7,612,863 7,652,698 8,193,907
4,129,954 3,731,896 5,211,189
20,516,198 19,697,564 21,313,152
1,504,687 1,893,276 1,669,039
203 775 809
13,492,673 11,998,979 12,184,797
5,331,625 5,605,938 7,216,515
187,010 198,596 241,992

1,111,438 879,213 1,019,544

7,850,500 7,694,212 9,161,366
4,170,928 4,610,717 4,922,929
3,846,186 3,273,427 3,996,825
2,030,292 2,450,107 2,691,068
472,979 408,689 211,727
1,854,125 1,664,304 1,631,278
1,179,431 1,116,985 1,066,305

156,910 180,447 180,447

0.35 0.40 0.40
0.15 0.00 0.00
228,511 (373,650) 422,174

13.44% 13.44% 13.48%

5.75% 5.67% 0.05
7.52 6.19 5.91
48.68% 53.14% 54.66%
 0.40 36.59% 19.86%
26.65% 19.07% 20.71%

7.33% 9.61% 7.83%

65.77% 60.92% 57.17%

42.76% 0.42 0.37

55.91 46.07 43.82

19.37% -33.45% 39.59%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
769,882 708,318 509,400
769,882 708,318 509,400
0 0 0
0 0 0
0 0 0
1,531,601 407,867 26,345
0 0 0
1,281,278 261,712 13,693
250,323 146,155 12,652
2,301,483 1,116,185 535,745
92,091 19,311 4,465
0 0 0
1,237,871 764,923 332,765
949,070 321,950 198,515
22,451 10,001 0

182,260 67,610 34,113

643,954 (31,173) (74)
102,477 1,236 1
879,744 579,798 32,655
39,885 7,908 (6,036)
205,124 53,776 5,777
289,834 (19,823) (48,493)
222,699 (63,157) (198,918)

76,988 70,832 50,940

0.00 0.00 0.00
 0.00 0.00 0.00
(17,008) (619,283) (493,730)

28.93% -8.92% -39.05%

9.68% -5.66% -37.13%
2.89 -0.89 -3.90
38.92% 639.81% -6036.00
92.11% -85.15% -0.03
177.85% 5470.06% 34113.00

0.04 1.73% 0.83%

53.79% 68.53% 62.11%

33.45% 63.46% 95.08%

10.00 10.00 10.00

-7.64% 980.55% 248.21%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
12,316,190 10,506,035 9,871,489
3,000,000 3,000,000 3,000,000
6,475,923 4,258,833 3,763,562
2,840,267 3,247,202 3,107,927
0 0 0
13,667,382 13,835,574 14,959,381
0 0 0
10,473,160 10,831,094 11,774,422
3,194,222 3,004,480 3,184,959
25,983,572 24,341,609 24,830,870
2,240,002 2,547,094 2,602,484
72,950 181,768 165,125
13,406,985 9,252,478 8,661,980
10,224,709 12,323,698 13,358,524
38,926 36,571 42,757

961,157 3,325,868 690,970

8,806,654 8,035,591 0
5,801,848 5,006,374 5,463,586
3,417,460 4,919,822 0
 3,335,560 3,937,974 2,991,795
544,733 (676,897) 580,606
1,426,948 2,875,829 1,739,944
974,263 2,226,336 1,235,287

300,000 300,000 300,000

0.30 0.35 0.20
0.00 0.00 0.00
(445,414) (3,318,402) 544,623

7.91% 21.19% 12.51%

3.75% 9.15% 4.97%
3.25 7.42 4.12
57.49% 78.66% 54.76%
55.91% -0.30 0.47
16.57% 66.43% 12.65%

8.62% 10.46% 10.48%

0.52 38.01% 34.88%

0.47 43.16% 39.75%

41.05 35.02 32.90

-45.72% -149.05% 44.09%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
38,211 (4,020) (15,819)
350,000 350,000 350,000
0 0 0
(311,789) (354,020) (365,819)
0 0 0
297,691 72,624 82,830
0 0 0
248,404 0 0
49,287 72,624 82,830
335,902 68,604 67,011
496 780 335
0 0 0
36,387 38,208 40,339
 285,631 28,919 26,305
13,388 697 32

848 2,353 2,347

(15,375) (511) 0
76,310 44,643 0
80,887 104,157 0
225 48,447 0
24,998 (10,795) (10,929)
(24,367) (41,647) (8,914)
(24,881) (42,231) (11,799)

35,000 35,000 35,000

0.00 0.00 0.00
0.00 0.00 0.00
(49,157) (9,147) (763)

-65.11% 1050.52% 74.59%

-7.41% -61.56% -17.61%
-0.71 -1.21 -0.34
0.29% 108.52% -
-100.47% 25.56% 92.63%
1.11% 5.27% -

0.15% 1.14% 0.01

10.83% 55.69% 0.60

11.38% -5.86% -23.61%

1.09 -0.11 -0.45

197.57% 21.66% 6.47%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,630,514 1,183,220 1,175,134
417,893 505,650 505,650
1,390,776 1,167,630 1,148,897
(178,155) (490,060) (479,413)
0 0 0
2,503,080 2,415,937 1,814,069
 0 0 0
2,004,178 1,923,629 1,383,624
498,902 492,308 430,445
4,133,594 3,599,157 2,989,203
417,714 149,275 72,840
0 2,329 4,473
1,309,416 1,361,527 1,278,034
2,123,959 1,822,562 1,397,134
282,505 263,464 236,722

258,537 27,265 42,937

1,115,119 849,108 535,976
623,366 517,834 290,308
539,846 645,561 516,573
628,312 527,112 93,910
(432,243) (407,282) (71,857)
(325,134) (302,008) 15,964
(330,709) (315,977) 10,613

41,789 50,565 50,565

0.00 0.00 0.00
0.10 0.10 0.00
(84,077) (397,849) (281,178)

-20.28% -0.27 0.01

-0.08 -8.78% 0.36%
-7.91 -6.25 0.21
100.79% 101.79% 32.35%
1.31 1.29 -677.07%
41.47% 5.27% 14.79%

10.11% 4.15% 2.44%

31.68% 37.83% 42.76%

39.45% 32.87% 39.31%

39.02 23.40 23.24

25.42% 125.91% -2649.37%

Financial Sector 2018

(Thousand Rupees)
 2016 2017 2018
868,880 804,569 853,566
510,375 561,413 561,413
220,000 250,000 250,000
138,505 (6,844) 42,153
8,088 (5,635) 2,359
951,418 992,187 802,729
0 0 0
819,278 842,668 667,402
132,140 149,519 135,327
1,828,386 1,791,121 1,658,654
120,239 160,185 144,372
998 1,336 990
795,291 704,219 711,108
824,787 844,361 709,303
87,071 81,020 92,881

99,009 (40,072) 46,673

1,201,840 1,155,402 878,686
359,415 357,654 348,241
267,349 228,649 207,784
101,720 88,157 87,174
64,289 67,082 48,624
115,540 (17,595) 60,121
100,690 (38,792) 48,997

51,038 56,141 56,141

0.05 0.00 0.00
0.10 0.00 0.00
102,288 38,113 (44,425)

11.59% -4.82% 5.74%

5.51% -2.17% 2.95%
1.97 -0.69 0.87
0.28 24.65% 25.03%
63.85% -172.93% 99.24%
27.55% -0.11 0.13

6.58% 8.94% 0.09

0.44 39.32% 42.87%

47.52% 44.92% 51.46%

17.02 14.33 15.20

101.59% -98.25% -90.67%

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
432,261 523,313 542,458
410,000 500,000 500,000
(293) (418) (383)
22,554 23,731 42,841
0 0 0
603,734 654,671 681,375
0 0 0
416,582 492,510 491,144
187,152 162,161 190,231
1,035,995 1,177,984 1,223,833
80,185 43,843 27,489
1,529 1,350 362
156,290 232,194 235,612
700,355 803,152 851,475
97,636 97,445 108,895

12,712 14,265 16,656

678,082 700,999 580,692
529,290 561,908 471,131
183,212 176,121 168,985
215,099 198,926 151,680
51,026 40,474 12,109
64,710 48,456 12,967
36,788 44,152 18,932

41,000 50,000 50,000

0.00 0.00 0.00
0.00 0.00 0.00
54,297 19,464 (10,037)

8.51% 8.44% 3.49%

3.55% 3.75% 1.55%
0.90 0.88 0.38
40.64% 0.35 32.19%
1.39 91.67% 63.96%
0.02 2.54% 3.54%

7.74% 3.72% 2.25%

15.09% 19.71% 19.25%
 41.72% 44.42% 44.32%
10.54 10.47 10.85

147.59% 44.08% -53.02%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
14,927,269 15,394,267 13,870,414
680,625 680,625 680,625
5,366,032 5,349,517 3,313,257
8,880,612 9,364,125 9,876,532
0 0 0
5,300,261 5,847,503 5,126,269
0 0 0
2,630,325 3,177,226 3,328,994
2,669,936 2,670,277 1,797,275
20,227,530 21,241,770 18,996,683
386,533 644,546 233,108
0 1,014 931
16,839,825 17,093,520 14,472,903
2,893,712 3,385,442 4,165,579
107,460 117,248 124,162

1,016,532 1,082,586 995,081

2,087,139 2,013,428 2,495,889
445,682 502,533 599,589
2,411,044 410,321 470,470
74,704 94,441 83,195
270,660 197,766 294,297
1,186,279 1,278,118 1,291,835
799,580 824,723 853,828

68,063 68,063 68,063

0.00 0.00 0.00
0.00 0.00 0.00
186,093 (92,506) (643,098)

5.36% 5.36% 6.16%

3.95% 3.88% 4.49%
 11.75 12.12 12.54
16.76% 18.79% 13.88%
33.85% 23.98% 34.47%
228.08% 215.43% 165.96%

1.91% 3.03% 1.23%

83.25% 80.47% 76.19%

0.74 72.47% 73.01%

219.32 226.18 203.79

23.27% -11.22% -75.32%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
658,578 1,281,479 1,479,356
500,000 1,000,000 1,000,000
2,527 553 0
156,051 280,926 479,356
0 0 0
2,330,843 2,197,131 2,380,651
0 0 0
2,308,280 2,159,021 2,326,613
22,563 38,110 54,038
2,989,421 3,478,610 3,860,007
69,809 52,347 53,916
1,113 372 0
2,477,801 2,995,299 3,107,017
414,612 406,487 679,774
26,086 24,105 19,300

63,241 181,554 258,479

2,408,854 403,139 426,427
640,425 1,618,930 358,775
37,099 96,405 110,220
516,012 763,598 801,910
31,460 (9,066) 5,981
82,574 178,318 278,825
56,707 124,876 198,429
 50,000 100,000 100,000
0.00 0.00 0.00
0.00 0.00 0.00
1,944,181 (152,345) (153,790)

8.61% 9.74% 13.41%

0.02 3.59% 5.14%
1.13 1.25 1.98
80.57% 47.17% 223.51%
55.48% -7.26% 3.01%
9.87% 11.21% 72.04%

2.34% 0.02 0.01

82.89% 86.11% 80.49%

22.03% 36.84% 38.33%

13.17 12.81 14.79

3428.47% -1.22 -0.78

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
401,595 614,710 683,675
450,000 600,000 600,000
31,416 31,042 31,365
(79,821) (16,332) 52,310
0 0 0
364,231 420,966 468,589
0 0 0
301,195 306,111 333,171
63,036 114,855 135,418
765,826 1,035,676 1,152,264
22,406 86,080 21,238
3 3 3
488,568 641,722 694,002
208,535 295,655 425,956
46,314 12,216 11,065

17,158 29,143 33,037

339,503 342,923 416,939
 264,558 299,586 366,914
134,655 99,554 102,816
74,312 80,412 84,889
86,838 95,516 110,080
42,781 73,948 88,621
40,136 63,490 68,641

45,000 60,000 60,000

0.00 0.00 0.00
0.00 0.00 0.00
27,439 16,795 325,891

9.99% 10.33% 10.04%

5.24% 6.13% 5.96%
0.89 1.06 1.14
28.09% 26.84% 23.14%
216.36% 150.44% 160.37%
6.49% 9.73% 0.09

2.93% 8.31% 1.84%

0.64 61.96% 60.23%

52.44% 59.35% 59.33%

8.92 10.25 11.39

68.37% 26.45% 474.78%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,042,726 1,147,753 963,596
755,159 755,159 938,663
138,676 138,676 8,034
148,891 253,918 16,899
2,267 (26,447) (26,698)
1,235,245 1,379,318 1,314,450
0 0 0
885,033 918,842 899,687
350,212 460,476 414,763
2,280,238 2,500,624 2,251,348
176,417 133,592 153,053
 828 2,272 4,634
821,771 1,069,460 673,125
920,060 1,203,910 1,290,937
361,162 91,390 129,599

43,635 15,155 1,252

1,370,187 1,383,696 1,350,156
1,197,091 1,299,464 1,264,044
735,424 730,722 753,019
507,904 502,048 485,918
50,704 166,498 156,402
163,363 163,363 14,511
105,027 105,026 3,575

75,516 75,516 93,866

0.00 0.10 0.13
0.00 0.00 0.20
277,211 (30,677) 25,240

10.07% 9.15% 0.37%

4.61% 0.04 0.16%
1.39 1.39 0.04
42.43% 38.64% 38.44%
48.28% 158.53% 4374.88%
3.65% 1.17% 0.00

7.74% 5.34% 0.07

36.04% 42.77% 0.30

45.73% 0.46 0.43

13.81 15.20 10.27

263.94% -29.21% 706.01%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
2,305,324 2,239,520 2,317,125
500,000 500,020 500,032
1,795,943 1,731,154 1,808,500
9,381 8,346 8,593
 0 0 0
70,315 44,754 48,640
0 0 0
5,253 7,311 15,168
65,062 37,443 33,472
2,375,639 2,284,274 2,365,765
11,813 10,355 7,341
0 0 0
161,930 74,148 58,370
3,578 3,790 8,605
2,198,318 2,195,981 2,291,449

5,585 3,496 3,071

5,813 8,743 16,780
5,328 6,309 10,530
181 423 349
130 618 787
(2,153) (4,199) (5,257)
433 (1,543) (4,040)
421 (1,035) 248

50,000 50,002 50,003

0.00 0.00 0.00
0.00 0.00 0.00
(11,665) (9,646) (11,549)

0.02% -0.05% 0.01%

0.02% -0.05% 0.01%
0.01 -0.02 0.00
2.44% 0.10 7.47%
-5.11 4.06 -2119.76%
104.82% 55.41% 29.16%

0.01 0.45% 0.31%

6.82% 3.25% 2.47%

97.04% 98.04% 97.94%

46.11 44.79 46.34

-2770.78% 931.98% -4656.85%

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
567,347 608,960 608,960
400,013 464,015 464,015
114,987 50,985 50,985
52,347 93,960 93,960
9,799 8,897 8,897
372,932 300,320 300,320
0 0 0
331,999 119,017 119,017
40,933 181,303 181,303
950,078 918,177 918,177
8,430 28,751 28,751
4,479 4,368 4,368
395,420 446,422 446,422
420,007 323,347 323,347
121,742 115,289 115,289

14,452 12,014 12,014

352,440 201,097 201,097
250,957 287,600 287,600
82,660 884,570 884,570
84,856 4,142 4,142
70,658 100,382 100,382
43,913 60,217 60,217
32,932 40,241 40,241

40,001 46,402 46,402

0.00 0.00 0.00
0.16 0.00 0.00
133,758 (114,682) (114,682)

0.06 6.61% 6.61%

3.47% 4.38% 4.38%
0.82 0.87 0.87
33.81% 1.44% 1.44%
214.56% 249.45% 249.45%
5.76% 4.18% 4.18%

0.89% 3.13% 3.13%

41.62% 48.62% 48.62%

59.72% 66.32% 66.32%

14.18 13.12 13.12

406.16% -284.99% -284.99%

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
2,588,324 2,641,767 3,043,496
1,803,200 2,001,552 2,261,754
105,234 46,491 58,204
679,890 593,724 723,538
81,942 81,106 80,314
2,829,246 3,488,446 3,771,655
0 0 0
2,427,434 3,074,639 3,307,734
401,812 413,807 463,921
5,499,512 6,211,319 6,895,465
365,488 490,059 542,589
17,395 13,968 11,161
592,375 1,304,100 1,764,790
3,676,106 3,587,908 3,798,768
848,148 815,284 778,157

73,106 67,204,706 8,365

3,781,741 4,163,546 4,227,348
2,473,432 2,678,708 2,574,381
1,585,320 2,152,056 2,396,774
934,519 1,287,193 1,305,274
509,741 221,312 323,246
357,960 487,345 562,701
278,448 292,284 389,223

180,320 200,155 226,175

0.10 0.00 0.00
0.11 0.13 0.15
344,236 703,060 780,578

10.76% 11.06% 12.79%

5.06% 4.71% 5.64%
1.54 1.46 1.72
37.78% 48.05% 0.51
183.07% 75.72% 83.05%
2.96% 2508.85% 0.32%
 6.65% 7.89% 7.87%
10.77% 0.21 25.59%

47.06% 42.53% 44.14%

14.35 13.20 13.46

123.63% 240.54% 200.55%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
382,590 509,959 525,805
416,180 500,000 500,000
28,720 28,599 13,824
(62,310) (18,640) 11,981
260,537 269,662 282,304
161,062 141,063 118,818
0 0 0
123,104 111,340 90,388
37,958 29,723 28,430
804,189 920,684 926,927
5,916 90,165 26,464
134 168 0
341,747 391,788 464,741
282,561 258,104 244,203
173,831 180,459 191,519

31,382 (4,914) (11,973)

35,979 28,324 63,549
25,546 12,183 33,184
22,448 11,508 17,560
(8,604) 9,017 2,366
(23,151) (39,329) (38,912)
71,246 45,423 19,497
69,407 41,452 15,989

41,618 50,000 50,000

0.00 0.00 0.00
0.00 0.00 0.00
(58,070) (17,147) (27,449)
 18.14% 8.13% 3.04%
8.63% 0.05 1.72%
1.67 0.83 0.32
-33.68% 74.01% 7.13%
-33.36% -94.88% -243.37%
122.85% -40.33% -36.08%

0.74% 9.79% 2.86%

0.43 42.55% 50.14%

47.57% 55.39% 56.73%

9.19 10.20 10.52

-83.67% -41.37% -171.67%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
992,086 1,150,759 1,401,075
800,000 800,000 800,000
4,784 (880) (7,850)
187,302 351,639 608,925
0 0 0
2,544,528 3,066,304 3,406,032
0 0 0
2,270,383 2,650,013 3,009,599
274,145 416,291 396,433
3,536,614 4,217,063 4,807,107
30,495 86,049 140,664
1,868 1,384 2,627
777,456 863,694 872,075
2,644,230 3,181,421 3,691,255
82,565 84,515 100,486

73,992 44,115 60,557

2,334,187 2,760,841 3,391,311
872,903 1,012,177 1,412,471
1,387,641 1,293,601 1,927,442
452,947 419,969 568,260
236,694 320,967 378,703
196,283 247,371 364,991
 136,596 166,996 259,576

80,000 80,000 80,000

0.00 0.00 0.00
0.00 0.00 0.00
(160,010) 116,066 43,922

13.77% 14.51% 18.53%

3.86% 3.96% 0.05
1.71 2.09 3.24
51.89% 41.49% 40.23%
173.28% 1.92 145.89%
8.48% 4.36% 4.29%

0.86% 2.04% 2.93%

21.98% 20.48% 18.14%

28.05% 27.29% 29.15%

12.40 14.38 17.51

-117.14% 0.70 16.92%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
1,934,798 2,303,440 2,772,564
2,681,972 3,004,106 3,629,339
(274,774) (271,119) (415,354)
(472,400) (429,547) (441,421)
326,966 410,562 527,435
19,472,639 22,384,921 25,648,769
2,483,637 3,049,994 3,729,090
1,292,279 1,416,187 1,484,085
15,696,723 17,918,740 20,435,594
21,734,402 25,098,922 28,948,767
4,168,020 4,653,226 4,520,546
2,689 13,704 7,497
14,118,410 17,234,655 20,842,324
3,096,877 2,808,189 3,111,141
348,406 389,148 467,259
 85,213 850,852 1,168,164
10,073,633 10,423,632 10,385,409
2,533,738 8,906,189 8,538,548
3,557,989 4,755,824 4,765,700
1,554,645 3,974,698 4,250,202
(15,223) 22,106 11,456
(249,500) (255,498) (327,719)
(313,510) (316,880) (392,261)

268,197 300,411 362,934

N/A N/A N/A
N/A N/A N/A
2,411,772 3,027,330 2,525,701

-0.16 -13.76% -14.15%

-1.44% -1.26% -1.36%
-1.17 -1.05 -1.08
61.36% 44.63% 49.78%
4.86% -6.98% -2.92%
3.36% 9.55% 13.68%

19.18% 18.54% 15.62%

64.96% 68.67% 0.72

0.09 9.18% 9.58%

7.21 7.67 7.64

-769.28% -955.36% -643.88%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
381,226 376,406 385,837
750,000 750,000 750,000
0 0 0
(368,774) (373,594) (364,163)
(6,225) (6,206) (6,115)
2,662,801 3,219,223 3,909,882
2,483,637 3,049,994 3,729,090
105,198 94,161 90,217
73,966 75,068 90,575
 3,037,802 3,589,423 4,289,604
1,694,600 1,774,653 1,309,176
2,689 0 0
950,310 1,520,922 2,643,756
352,722 261,542 301,475
37,481 32,306 35,197

21,662 27,020 32,038

1,178,417 1,313,292 1,471,410
558,450 489,681 554,853
68,180 45,881 75,707
31,841 33,305 56,604
0 0 0
2,957 7,218 21,343
(15,034) (4,820) 9,430

75,000 75,000 75,000

0.00 0.00 0.00
0.00 0.00 0.00
388,381 706,681 643,452

-3.94% -1.28% 2.44%

-0.49% -0.13% 0.22%
-0.20 -0.06 0.13
0.06 0.07 0.10
0.00 0.00 0.00
3.88% 5.52% 5.77%

55.78% 49.44% 30.52%

31.28% 42.37% 61.63%

12.55% 10.49% 8.99%

5.08 5.02 5.14

-2583.35% -14661.43% 6823.46%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
785,152 1,136,605 1,468,048
710,629 994,880 1,307,124
 0 24,872 0
74,523 116,853 160,924
450,738 542,170 672,949
15,170,971 17,369,021 19,754,899
0 0 0
236,799 245,286 302,785
14,934,172 17,123,735 19,452,114
16,406,861 19,047,796 21,895,896
2,264,456 2,642,171 2,794,808
0 11,838 5,240
12,412,046 14,993,209 17,334,836
1,526,167 1,138,870 1,430,499
204,192 261,708 330,513

49,056 802,265 1,120,448

7,493,979 8,263,052 7,816,618
1,315,378 7,907,340 7,443,140
2,559,883 3,618,580 3,839,479
896,060 3,426,066 3,635,486
0 0 0
165,816 173,375 154,761
122,607 126,060 107,458

71,063 99,488 130,712

0.00 0.00 0.00
0.00 0.00 0.00
2,276,857 2,485,094 1,873,844

15.62% 11.09% 7.32%

0.75% 0.66% 0.49%
1.73 1.27 0.82
68.12% 43.33% 48.84%
0.00 0.00 0.00
3.73% 10.15% 15.05%

0.14 13.87% 12.76%

75.65% 78.71% 79.17%

4.79% 5.97% 0.07

11.05 11.42 11.23

1857.04% 1971.36% 1743.79%

Financial Sector 2018
(Thousand Rupees)
2016 2017 2018
26,425 26,425 26,425
450,000 450,000 450,000
(288,137) (288,137) (288,137)
(135,438) (135,438) (135,438)
500 500 500
446,624 446,624 446,624
0 0 0
363,227 363,227 363,227
83,397 83,397 83,397
473,548 473,548 473,548
124,990 124,990 124,990
0 0 0
53,968 53,968 53,968
275,933 275,933 275,933
18,657 18,657 18,657

623 623 623

529,044 529,044 529,044
202,998 202,998 202,998
382,836 382,836 382,836
248,849 248,849 248,849
4,203 4,203 4,203
(446,164) (446,164) (446,164)
(444,295) (444,295) (444,295)

45,000 45,000 45,000

0.00 0.00 0.00
0.00 0.00 0.00
(134,149) (134,149) (134,149)

-1681.34% -1681.34% -1681.34%

-93.82% -93.82% -93.82%
-9.87 -9.87 -9.87
122.59% 122.59% 122.59%
-0.95% -0.95% -0.95%
0.31% 0.31% 0.31%

26.39% 26.39% 26.39%

0.11 0.11 0.11

5.58% 5.58% 5.58%

0.59 0.59 0.59
 30.19% 30.19% 30.19%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
525,962 551,830 559,944
471,343 509,226 509,226
11,700 (3,358) (7,589)
42,919 45,962 58,307
(102,369) (119,362) (118,414)
771,221 1,076,725 895,435
0 0 0
409,634 502,328 424,254
361,587 574,397 471,181
1,194,814 1,509,193 1,336,965
58,951 84,521 203,267
0 663 1,009
346,554 368,353 310,233
708,655 984,444 753,413
80,654 71,212 69,043

2,019 789 7,359

652,736 168,462 192,481
217,849 168,463 192,481
383,836 593,375 388,108
249,205 211,234 231,632
3,575 6,359 5,381
3,799 6,244 18,660
2,014 3,043 12,345

47,134 50,923 50,923

0.00 0.00 0.00
0.00 0.00 0.00
(75,829) 36,227 63,421

0.38% 0.55% 0.02

0.17% 0.00 0.92%
0.04 0.06 0.24
114.39% 125.39% 120.34%
177.51% 208.97% 43.59%
 0.93% 0.47% 3.82%

4.93% 0.06 0.15

0.29 24.41% 0.23

44.02% 36.56% 41.88%

11.16 10.84 11.00

-3765.09% 11.91 513.74%

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
216,033 212,174 332,310
300,000 300,000 612,989
1,663 (4,496) (119,628)
(85,630) (83,330) (161,051)
(15,678) (6,540) (21,485)
421,022 273,328 641,929
0 0 0
177,421 211,185 303,602
243,601 62,143 338,327
621,377 478,962 952,754
25,023 26,891 88,305
0 1,203 1,248
355,532 298,203 499,531
233,400 147,400 349,821
7,422 5,265 13,849

11,853 20,155 7,696

219,457 149,782 375,856
239,063 137,707 145,076
163,254 115,152 79,570
128,690 55,244 77,631
(23,001) 11,544 1,872
24,092 3,829 (76,319)
21,198 3,132 (77,199)

30,000 30,000 61,299

0.00 0.00 0.00
0.00 0.00 0.00
 (43,488) (66,523) 79,133

9.81% 1.48% -23.23%

3.41% 0.65% -0.08
0.71 0.10 -1.26
53.83% 40.12% 53.51%
-108.51% 368.58% -2.42%
4.96% 14.64% 0.05

4.03% 5.61% 9.27%

57.22% 62.26% 52.43%

34.77% 0.44 34.88%

7.20 7.07 5.42

-205.15% -2123.98% -102.51%

(Thousand Rupees)
2016 2017 2018
(364,187) 16,711,251 16,926,069
3,001,000 19,365,000 19,365,000
713,662 1,038,728 1,246,974
(4,078,849) (3,692,477) (3,685,905)
16,362,314 2,173 (20,845)
4,908,344 3,616,650 3,972,657
4,908,344 3,616,650 3,972,657
0 0 0
0 0 0
0 0 0
20,906,471 20,330,074 20,877,881
771,688 825,113 446,407
121,378 53,531 34,387
650,310 771,582 412,020
20,134,783 19,504,961 20,431,474
0 0 0
20,134,783 19,504,961 20,431,474

2,606,851 2,281,936 2,241,405

1,758,099 984,643 1,404,297
(835,867) 2,019,114 1,254,493
(865,950) 1,625,328 1,041,230

300,100 1,936,500 1,936,500

N/A N/A N/A
N/A N/A N/A
(249,704) (319,770) (2,788,782)
 237.78% 9.73% 6.15%
-5.41% 9.72% 6.16%
-4.14% 7.99% 4.99%
-2.10 0.49 1.12
-2.89 0.84 0.54

0.58% 0.26% 0.16%

0.16 0.23 0.11
0.23 0.18 0.19
0.00 0.00 0.00

-1.74% 0.82 81.07%

-1.21 8.63 8.74

0.29 -0.20 -2.68

-0.05 -0.09 -0.70

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
(364,187) 16,711,251 16,926,069
3,001,000 19,365,000 19,365,000
713,662 1,038,728 1,246,974
(4,078,849) (3,692,477) (3,685,905)
16,362,314 2,173 (20,845)
4,908,344 3,616,650 3,972,657
4,908,344 3,616,650 3,972,657
0 0 0
0 0 0
0 0 0
20,906,471 20,330,074 20,877,881
771,688 825,113 446,407
121,378 53,531 34,387
650,310 771,582 412,020
20,134,783 19,504,961 20,431,474
0 0 0
20,134,783 19,504,961 20,431,474

2,606,851 2,281,936 2,241,405

1,758,099 984,643 1,404,297
(835,867) 2,019,114 1,254,493
(865,950) 1,625,328 1,041,230

300,100 1,936,500 1,936,500

0.00 0.00 0.00
0.00 0.00 0.00
(249,704) (319,770) (2,788,782)

237.78% 9.73% 6.15%

-5.41% 9.72% 6.16%
-4.14% 7.99% 4.99%
-2.10 0.49 1.12
-2.89 0.84 0.54

0.58% 0.26% 0.16%

0.16 0.23 0.11
0.23 0.18 0.19
0.00 0.00 0.00

-1.74% 0.82 81.07%

-1.21 8.63 8.74

0.29 -0.20 -2.68

-0.05 -0.09 -0.70

(Thousand Rupees)
2016 2017 2018
18,653 18,276 18,890
25,073 25,072 25,073
752 752 752
(7,172) (7,548) (6,935)
15,697 22,759 20,609
4,824 5,226 3,876
4,488 4,928 3,693
336 298 183
39,174 46,261 43,375
36,711 44,178 41,532
2,769 1,605 5,335
33,942 42,573 36,197
2,463 2,083 1,843
2,244 1,965 1,725
219 118 118

8,000 3,500 5,940

3,125 2,657 4,537
32 23 16
4,844 764 1,387
1,292 799 1,202
 2,507 2,507 2,507
N/A N/A N/A
N/A N/A N/A
3,718 (78) 2,285

6.93% 4.37% 6.36%

3.72% 1.93% 3.03%
0.03 1.73% 2.77%
16.15% 22.83% 20.24%
39.06% 75.91% 76.38%
0.52 0.32 0.48

7.07% 3.47% 0.12

8.18 8.96 11.25
0.12 0.11 0.09

47.62% 39.51% 43.55%

7.44 7.29 7.53

2.88 -0.10 1.90

0.83 -0.02 0.62

Financial Sector 2018

(Thousand Rupees)
2016 2017 2018
18,653 18,276 18,890
25,073 25,072 25,073
752 752 752
(7,172) (7,548) (6,935)
15,697 22,759 20,609
4,824 5,226 3,876
4,488 4,928 3,693
336 298 183
39,174 46,261 43,375
36,711 44,178 41,532
2,769 1,605 5,335
33,942 42,573 36,197
2,463 2,083 1,843
2,244 1,965 1,725
219 118 118
 8,000 3,500 5,940
3,125 2,657 4,537
32 23 16
4,844 764 1,387
1,292 799 1,202

2,507 2,507 2,507

0.00 0.05% 0.05%
0.00 0.00 0.00
3,718 (78) 2,285

6.93% 4.37% 6.36%

3.72% 1.93% 3.03%
0.03 1.73% 2.77%
16.15% 22.83% 20.24%
39.06% 75.91% 76.38%
0.52 0.32 0.48

7.07% 3.47% 0.12

8.18 8.96 11.25
0.12 0.11 0.09

47.62% 39.51% 43.55%

7.44 7.29 7.53

2.88 -0.10 1.90

0.83 -0.02 0.62
Company Page #
17 Soneri Bank Ltd. 49
18 Standard Chartered Bank (Pakistan) Ltd. 50
19 Summit Bank Ltd. 51
20 United Bank Ltd. 52
C. Specialized Banks (4)
1 Industrial Development Bank Ltd. 54
2 SME Bank Ltd. 55
3 The Punjab Provincial Cooperative Bank Ltd. 56
4 Zarai Taraqiati Bank Ltd. (ZTBL) 57
D. Foreign Banks (5)
1 Bank of China Ltd. 59
2 Citi Bank N.A. 60
3 Deutsche Bank AG 61
4 Industrial & Commercial Bank of China Ltd. 62
5 MUFG Bank Ltd. 63

Development Finance Institutions

(7)*
1 Pair Investment Company Ltd. 67
2 Pak Brunei Investment Company Ltd. 68
3 Pak China Investment Company Ltd. 69
4 Pak Kuwait Investment Co. (Pvt.) Ltd. 70
5 Pak Libya Holding Company Ltd. 71
6 Pak Oman Investment Company Ltd. 72
7 Saudi Pak Industrial & Agri. Inv. Co. (Pvt.) 73

Financial Statements Analysis of Financial Sector 2018

Page #
5 Security Investment Bank Ltd.* 106
6 Trust Investment Bank Ltd. 107

Mutual Fund Companies (4)**

1 Golden Arrow Selected Stocks Fund Ltd. 111
2 PICIC Growth Fund 112
3 PICIC Investment Fund 113
4 Tri-Star Mutual Fund 114

Modarba Companies (25)**

Allied Rental Modaraba 118

Awwal Modarba 119
B.F. Modaraba 124
B.R.R. Guardian Modaraba 121
First Al-Noor Modaraba 122
First Elite Capital Modarba 123
First Equity Modarba 124
First Fidelity Leasing Modarba 125
First Habib Modarba 126
First Imrooz Modaraba 127
First National Bank Modarba 128
First Pak Modarba 129

First Paramount Modarba 130

First Prudential Modarba 131
First Punjab Modarba 132
First Treet Manufacturing Modarba 133
First Tri Star Modaraba 134

Financial Statements Analysis of Financial Sector 2018

Company Page #
18 Paracha International Exchange (Pvt.) Ltd. 163
19 Paragon Exchange (Pvt.) Ltd. 164
20 Ravi Exchange Company (Pvt.) Ltd. 165
21 Riaz Exchange Co. (Pvt.) Ltd. 166
22 Royal International Exchange Co. (Pvt.) Ltd. 167
23 Sadiq Exchange Co. Ltd 168
24 Sky Exchange Company (Pvt.) Ltd. 169
25 Wall Street Exchange Company (Pvt.) Ltd. 170
26 ZeeQue Exchange Co.(Pvt.) Ltd. 171
Insurance Companies (43)*
A. Life Insurance Companies (7)
1 Adamjee Life Assurance Company Ltd. 177
2 East West Life Assurance Company Ltd. 178
3 EFU Life Assurance Company Ltd. 179
4 IGI Life Insurance Ltd. 180
 5 Jubilee Life Insurance Company Ltd. 181
6 State Life Insurance Corporation Ltd. 182
7 TPL Life Insurance Ltd. 183
B. Non-Life Insurance Companies (31)
1 Adamjee Insurance Company Ltd. 185

2 Alfalah Insurance Company Ltd. 186

3 Allianz EFU Health Insurance Co. Ltd. 187

4 Alpha Insurance Company Ltd. 188
5 Asia Insurance Company Ltd. 189
6 Askari General Insurance Company Ltd. 190
7 Atlas Insurance Company Ltd. 191
8 Century Insurance Company Ltd. 192

Financial Statements Analysis of Financial Sector 2018

Company Page #
The Cooperative Insurance Society of
27 211
Pakistan Ltd.
28 The Pakistan General Insurance Company Ltd. 212
The United Insurance Company of Pakistan
29 213
Ltd.
30 The Universal Insurance Company Ltd. 214
31 UBL Insurers Ltd. 215

C. Takaful Companies (5)

1 Dawood Family Takaful Ltd. 217
2 Pak Qatar Family Takaful Ltd. 218
3 Pak Kuwait Takaful Company Ltd. 219
4 Pak Qatar General Takaful Ltd. 220
5 Takaful Pakistan Ltd. 221

1 Housing Finance (1)*

House Building Finance Company Limited 225

1 Venture Capital (1)**

AKD Capital Ltd. 229
All Banks - Overall
Items 2007 2008
A.Total equity (A1 to A3) 435,990,804 505,469,823
1.Share capital/head office capital account 231,530,188 277,045,918
2.Reserves 118,940,698 148,257,246
3.Un appropriated profit 85,519,918 80,166,659
4.Others 108,613,011 62,957,129
B.Total liabilities (B1 to B4) 4,626,769,389 5,074,573,572
1.Bills payable 82,075,093 69,530,488
2.Borrowings from financial institutions 452,050,150 460,028,229
3.Deposits and other accounts 3,854,364,311 4,226,432,569
4.Other/misc. liabilities 238,279,835 318,582,286
C.Total assets (C1 to C4 + C8 to C10) 5,171,373,204 5,643,000,524
1.Cash and balances with treasury banks 469,267,797 477,615,770
2.Balances with other banks 147,510,726 184,087,341
3.Lending to financial institutions 190,577,446 188,414,080
4.Investments 1,275,225,750 1,085,196,330
5.Gross advances 2,842,331,732 3,417,406,346
6.Advances-non-performing/classified 204,625,366 313,020,509
7.Provision against advances 159,434,804 237,965,887
8.Advances net of provision (C5 - C7) 2,682,896,928 3,179,440,459
9.Fixed assets 168,544,767 191,279,879
10.Other/misc. assets 237,349,790 336,966,665
D.Profit & loss account
1.Markup/interest earned 383,579,497 482,070,799
2.Markup/interest expenses 183,686,714 246,295,314
3.Net markup/interest income 199,892,786 235,775,485
4.Provisions and write-offs 61,165,329 104,266,763
5.Net markup/interest income after provisions 141,321,995 130,344,598
6.Non-markup/interest income 92,849,866 103,289,492
7.Non-markup/interest expenses 125,859,144 166,010,509
8.Administrative expenses 123,286,772 160,702,985
9.Profit/(loss) before taxation 107,153,118 63,261,197
10.Profit/(loss) after taxation 77,935,097 43,415,974
E.Other items
1.Cash generated from operating activities 418,781,554 1,849,272
2.Commitments and contigencies 3,205,635,962 2,565,591,273
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1) 52.11% 48.91%
2.Net markup/interest margin (D1-D2)/C 3.87% 4.18%
3.Return on equity (ROE) (D10/A) 17.88% 8.59%
4.Return on assets (ROA) (D10/C) 1.51% 0.77%
5.Non-markup/interest income to total assets (D6/C) 0.02 1.83%
6.Net markup/interest income(after provisions) to total assets(D5/C) 2.73% 2.31%
7.Markup/interest expense to markup/interest income (D2/D1) 47.89% 51.09%
8.Admin. expesne to profit before tax. (D8/D9)(times) 1.15 2.54
9.Non-markup/interest expense to total income D7/(D1+D6) 26.42% 28.36%
10.Admin. expense to non-markup/interest income(D8/D6)(times) 1.33 1.56
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 11.93% 11.73%
2.Investment to total assets (C4/C) 24.66% 19.23%
3.Advances net of provisions to total assets (C8/C) 51.88% 56.34%
4.Deposits to total assets (B3/C) 74.53% 0.75
5.Total liabilities to total assets (B/C) 89.47% 89.93%
6.Gross advances to deposits (C5/B3) 73.74% 80.86%
7.Gross advances to borrowing & deposits C5/(B2+B3) 0.66 72.92%
H.Assets quality ratios
1.Non-performing loans to gross advances (C6/C5) 0.07 9.16%
2.Provision against NPLs to gross advances (C7/C5) 5.61% 6.96%
3.NPLs to total equity (C6/A) 46.93% 61.93%
4.NPLs write off to NPLs provision (D4/C7) 38.36% 43.82%
5.Provision against NPL to NPLs (C7/C6) 77.92% 76.02%
I.Capital /leverage ratios
1.Capital ratio (A/C) 8.43% 8.96%
2.Commitments & contingencies to total equity (E2/A) (times) 7.35 5.08
3.Total deposit to total equity (B3/A) (times) 8.84 8.36
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) 5.37 0.04

Local Banks - Overall

Items 2007 2008
A.Total equity (A1 to A3) 416,570,840 470,965,547
1.Share capital 214,444,697 244,915,598
2.Reserves 118,940,698 148,181,461
3.Un appropriated profit 83,185,445 77,868,488
4.Others 108,672,209 63,489,982
B.Total liabilities(B1 to B4) 4,473,437,078 4,873,983,320
1.Bills payable 78,328,193 65,107,084
2.Borrowings from financial institutions 432,584,922 442,681,300
3.Deposits and other accounts 3,737,263,105 4,078,494,404
4.Other/misc. liabilities 225,260,858 287,700,532
C.Total assets (C1 to C4 + C8 to C10) 4,998,680,127 5,408,438,849
1.Cash and balances with treasury banks 445,344,022 442,680,478
2.Balances with other banks 142,213,130 165,718,117
3.Lending to financial institutions 174,168,615 158,500,096
4.Investments 1,248,798,605 1,062,603,406
5.Gross advances 2,751,665,342 3,312,965,635
6.Advances-non-performing/classified 203,448,143 309,884,247
7.Provision against advances 157,223,346 235,446,658
8.Advances net of provision (C5-C7) 2,594,441,996 3,077,518,977
9.Fixed assets 166,577,174 187,582,375
10.Other/misc. assets 227,136,585 313,835,400
D.Profit & loss account
1.Markup/interest earned 368,333,275 463,838,210
2.Markup/interest expensed 175,541,831 237,196,646
3.Net markup/interest income 192,791,447 226,641,564
4.Provisions and write-offs 58,426,217 99,698,545
5.Net markup/interest income after provisions 136,959,768 125,735,437
6.Non-markup/interest income 87,927,505 97,517,397
7.Non-markup/interest expenses 119,082,194 155,635,765
8.Administrative expenses 117,431,866 150,384,735
9.Profit/(loss) before taxation 104,645,480 63,254,685
10.Profit/(loss) after taxation 76,175,349 42,765,351
E.Other items
1.No. of ordinary shares (000) 21,413,538 24,452,483
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 419,615,976 (30,881,293)
5.Commitments and contigencies 2,692,648,071 2,165,108,445
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 52.34% 48.86%
2.Net markup/interest margin (D1-D2)/C 3.86% 4.19%
3.Return on equity (ROE) (D10/A) 18.29% 9.08%
4.Return on assets (ROA) (D10/C) 1.52% 0.79%
5.Non-markup/interest income to total assets (D6/C) 1.76% 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 2.74% 2.32%
7.Markup/interest expense to markup/interest income (D2/D1) 47.66% 51.14%
8.Admin. expense to profit before tax. (D8/D9) (times) 1.12 2.38
9.Non-markup/interest expense to total income D7/(D1+D6) 0.26 27.72%
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.34 1.54
11.Earning per share (D10/E1) 3.56 1.75
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.12 0.11
2.Investment to total assets (C4/C) 0.25 0.20
3.Advances net of provisions to total assets (C8/C) 0.52 0.57
4.Deposits to total assets (B3/C) 0.75 0.75
5.Total liabilities to total assets (B/C) 0.89 0.90
6.Gross advances to deposits (C5/B3) 0.74 0.81
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.66 0.73
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.07 0.09
2.Provisions against NPLs to gross advances (C7/C5) 0.06 0.07
3.NPLs to shareholders equity (C6/A) 0.49 0.66
4.NPLs write off to NPLs provisions (D4/C7) 0.37 0.42
5.Provision against NPL to NPLs (C7/C6) 0.77 0.76
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.08 0.09
2.Commitments & contingencies to total equity (E5/A) (times) 6.46 4.60
3.Break up value per share (A/E1) 19.45 19.26
4.Total deposit to total equity (B3/A) (times) 8.97 8.66
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 5.51 -0.72

Public Sector Banks - Overall

Items 2007 2008
A.Total equity (A1 to A3) 90,977,453 93,237,138
1.Share capital 16,671,332 18,544,359
2.Reserves 24,729,769 29,033,178
3.Un appropriated profit 49,576,352 45,659,601
4.Others 51,320,469 18,749,454
B.Total liabilities(B1 to B4) 893,595,159 930,323,564
1.Bills payable 8,541,822 11,663,371
2.Borrowings from financial institutions 30,071,917 53,675,530
3.Deposits and other accounts 812,969,640 819,683,051
4.Other/misc. liabilities 42,011,780 45,301,612
C.Total assets (C1 to C4 + C8 to C10) 1,035,893,081 1,042,310,156
1.Cash and balances with treasury banks 111,258,061 119,322,457
2.Balances with other banks 43,513,302 44,286,770
3.Lending to financial institutions 28,017,600 20,394,708
4.Investments 296,355,059 204,784,000
5.Gross advances 526,923,813 629,389,241
6.Advances-non-performing/classified 44,053,993 102,628,919
7.Provision against advances 39,203,981 68,723,074
8.Advances net of provision (C5-C7) 487,719,832 560,666,167
9.Fixed assets 29,537,449 28,051,915
10.Other/misc. assets 39,491,778 64,804,139
D.Profit & loss account
1.Markup/interest earned 71,174,301 82,390,735
2.Markup/interest expensed 32,896,942 42,609,185
3.Net markup/interest income 38,277,359 39,781,550
4.Provisions and write-offs 7,287,953 30,489,527
5.Net markup/interest income after provisions 30,989,906 9,292,023
6.Non-markup/interest income 19,795,675 21,028,786
7.Non-markup/interest expenses 17,563,511 23,756,378
8.Administrative expenses 17,311,928 21,993,798
9.Profit/(loss) before taxation 33,235,659 6,564,431
10.Profit/(loss) after taxation 23,856,716 5,642,453
E.Other items
1.No. of ordinary shares (000) 1,667,133 1,854,436
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 117,131,331 (45,155,885)
5.Commitments and contigencies 453,678,543 294,175,142
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.54 0.48
2.Net markup/interest margin (D1-D2)/C 0.04 0.04
3.Return on equity (ROE) (D10/A) 0.26 0.06
4.Return on assets (ROA) (D10/C) 0.02 0.01
5.Non-markup/interest income to total assets (D6/C) 0.02 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.01
7.Markup/interest expense to markup/interest income (D2/D1) 0.46 0.52
8.Admin. expense to profit before tax. (D8/D9) (times) 0.52 3.35
9.Non-markup/interest expense to total income D7/(D1+D6) 0.19 0.23
10.Admin. expense to non-markup/interest income (D8/D6) (times) 0.87 1.05
11.Earning per share (D10/E1) 14.31 3.04
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.15 0.16
2.Investment to total assets (C4/C) 0.29 0.20
3.Advances net of provisions to total assets (C8/C) 0.47 0.54
4.Deposits to total assets (B3/C) 0.78 0.79
5.Total liabilities to total assets (B/C) 0.86 0.89
6.Gross advances to deposits (C5/B3) 0.65 0.77
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.63 0.72
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.08 0.16
2.Provisions against NPLs to gross advances (C7/C5) 0.07 0.11
3.NPLs to shareholders equity (C6/A) 0.48 1.10
4.NPLs write off to NPLs provisions (D4/C7) 0.19 0.44
5.Provision against NPL to NPLs (C7/C6) 0.89 0.67
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.09 0.09
2.Commitments & contingencies to total equity (E5/A) (times) 4.99 3.16
3.Break up value per share (A/E1) 54.57 50.28
4.Total deposit to total equity (B3/A) (times) 8.94 8.79
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 4.91 -8.00

FIRST WOMEN BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 1,028,116 1,135,800
1.Share capital 283,650 283,650
2.Reserves 207,336 228,540
3.Un appropriated profit 537,130 623,610
4.Others 60,128 (32,767)
B.Total liabilities(B1 to B4) 7,897,332 6,200,688
1.Bills payable 193,321 101,993
2.Borrowings from financial institutions 21,543 27,140
3.Deposits and other accounts 7,682,468 5,939,308
4.Other/misc. liabilities 0 132,247
C.Total assets (C1 to C4 + C8 to C10) 8,985,576 7,303,721
1.Cash and balances with treasury banks 809,657 575,929
2.Balances with other banks 384,792 400,761
3.Lending to financial institutions 1,245,000 350,849
4.Investments 3,159,640 2,264,088
5.Gross advances 3,129,582 3,409,842
6.Advances-non-performing/classified 85,282 105,512
7.Provision against advances 66,075 105,512
8.Advances net of provision (C5-C7) 3,063,507 3,304,330
9.Fixed assets 148,686 174,833
10.Other/misc. assets 174,294 232,931
D.Profit & loss account
1.Markup/interest earned 685,346 736,103
2.Markup/interest expensed 171,694 212,601
3.Net markup/interest income 513,652 523,502
4.Provisions and write-offs 18,065 50,153
5.Net markup/interest income after provisions 495,587 473,349
6.Non-markup/interest income 82,485 90,343
7.Non-markup/interest expenses 339,650 373,249
8.Administrative expenses 332,517 367,798
9.Profit/(loss) before taxation 238,422 190,443
10.Profit/(loss) after taxation 157,887 106,020
E.Other items
1.No. of ordinary shares (000) 28,365 28,365
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 214,391 (930,303)
5.Commitments and contigencies 198,418 202,048
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.75 0.71
2.Net markup/interest margin (D1-D2)/C 0.06 0.07
3.Return on equity (ROE) (D10/A) 0.15 0.09
4.Return on assets (ROA) (D10/C) 0.02 0.01
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.06 0.06
7.Markup/interest expense to markup/interest income (D2/D1) 0.25 0.29
8.Admin. expense to profit before tax. (D8/D9) (times) 1.39 1.93
9.Non-markup/interest expense to total income D7/(D1+D6) 0.44 0.45
10.Admin. expense to non-markup/interest income (D8/D6) (times) 4.03 4.07
11.Earning per share (D10/E1) 5.57 3.74
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.13 0.13
2.Investment to total assets (C4/C) 0.35 0.31
3.Advances net of provisions to total assets (C8/C) 0.34 0.45
4.Deposits to total assets (B3/C) 0.86 0.81
5.Total liabilities to total assets (B/C) 0.88 0.85
6.Gross advances to deposits (C5/B3) 0.41 0.57
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.41 0.57
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.03 0.03
2.Provisions against NPLs to gross advances (C7/C5) 0.02 0.03
3.NPLs to shareholders equity (C6/A) 0.08 0.09
4.NPLs write off to NPLs provisions (D4/C7) 0.27 0.48
5.Provision against NPL to NPLs (C7/C6) 0.77 1.00
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.11 0.16
2.Commitments & contingencies to total equity (E5/A) (times) 0.19 0.18
3.Break up value per share (A/E1) 36.25 40.04
4.Total deposit to total equity (B3/A) (times) 7.47 5.23
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 1.36 -8.77

NATIONAL BANK OF PAKISTAN

Items 2007 2008
A.Total equity (A1 to A3) 69,270,631 81,367,002
1.Share capital 8,154,319 8,969,751
2.Reserves 15,772,124 19,941,047
3.Un appropriated profit 45,344,188 52,456,204
4.Others 47,067,023 21,092,216
B.Total liabilities(B1 to B4) 645,855,939 715,299,108
1.Bills payable 7,061,902 10,219,061
2.Borrowings from financial institutions 10,886,063 40,458,926
3.Deposits and other accounts 591,907,435 624,939,016
4.Other/misc. liabilities 36,000,539 39,682,105
C.Total assets (C1 to C4 + C8 to C10) 762,193,593 817,758,326
1.Cash and balances with treasury banks 94,873,249 106,503,756
2.Balances with other banks 37,472,832 38,344,608
3.Lending to financial institutions 21,464,600 17,128,032
4.Investments 210,787,868 170,822,491
5.Gross advances 375,090,202 457,828,029
6.Advances-non-performing/classified 38,317,552 56,502,583
7.Provision against advances 34,413,102 44,841,164
8.Advances net of provision (C5-C7) 340,677,100 412,986,865
9.Fixed assets 25,922,979 24,217,655
10.Other/misc. assets 30,994,965 47,754,919
D.Profit & loss account
1.Markup/interest earned 50,569,481 60,942,798
2.Markup/interest expensed 16,940,011 23,884,768
3.Net markup/interest income 33,629,470 37,058,030
4.Provisions and write-offs 4,722,735 10,970,814
5.Net markup/interest income after provisions 28,906,735 26,087,216
6.Non-markup/interest income 13,544,845 16,415,862
7.Non-markup/interest expenses 14,391,079 19,502,080
8.Administrative expenses 14,205,911 18,171,198
9.Profit/(loss) before taxation 28,060,501 23,000,998
10.Profit/(loss) after taxation 19,033,773 15,458,590
E.Other items
1.No. of ordinary shares (000) 815,432 896,975
2.Cash dividend 0.75 0.65
3.Stock dividend/bonus shares 0.10 0.20
4.Cash generated from operating activities 78,804,419 2,532,681
5.Commitments and contigencies 385,849,667 241,861,468
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.67 0.61
2.Net markup/interest margin (D1-D2)/C 0.04 0.05
3.Return on equity (ROE) (D10/A) 0.27 0.19
4.Return on assets (ROA) (D10/C) 0.03 0.02
5.Non-markup/interest income to total assets (D6/C) 0.02 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.04 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.34 0.39
8.Admin. expense to profit before tax. (D8/D9) (times) 0.51 0.79
9.Non-markup/interest expense to total income D7/(D1+D6) 0.22 0.25
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.05 1.11
11.Earning per share (D10/E1) 23.34 17.23
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.17 0.18
2.Investment to total assets (C4/C) 0.28 0.21
3.Advances net of provisions to total assets (C8/C) 0.45 0.51
4.Deposits to total assets (B3/C) 0.78 0.76
5.Total liabilities to total assets (B/C) 0.85 0.87
6.Gross advances to deposits (C5/B3) 0.63 0.73
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.62 0.69
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.10 0.12
2.Provisions against NPLs to gross advances (C7/C5) 0.09 0.10
3.NPLs to shareholders equity (C6/A) 0.55 0.69
4.NPLs write off to NPLs provisions (D4/C7) 0.14 0.24
5.Provision against NPL to NPLs (C7/C6) 0.90 0.79
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.09 0.10
2.Commitments & contingencies to total equity (E5/A) (times) 5.57 2.97
3.Break up value per share (A/E1) 84.95 90.71
4.Total deposit to total equity (B3/A) (times) 8.54 7.68
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 4.14 0.16

SINDH BANK LTD.

Items Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)

THE BANK OF KHYBER

Items 2007 2008
A.Total equity (A1 to A3) 5,568,253 5,677,816
1.Share capital 4,002,984 4,002,984
2.Reserves 1,323,077 1,436,359
3.Un appropriated profit 242,192 238,473
4.Others 307,977 (996,600)
B.Total liabilities(B1 to B4) 23,863,487 26,657,773
1.Bills payable 348,952 122,516
2.Borrowings from financial institutions 1,321,396 910,691
3.Deposits and other accounts 21,410,828 24,732,195
4.Other/misc. liabilities 782,311 892,371
C.Total assets (C1 to C4 + C8 to C10) 29,739,717 31,338,989
1.Cash and balances with treasury banks 1,364,853 1,557,715
2.Balances with other banks 3,728,016 3,362,946
3.Lending to financial institutions 2,858,000 2,282,494
4.Investments 8,945,856 8,985,441
5.Gross advances 12,174,026 14,925,119
6.Advances-non-performing/classified 2,301,268 3,331,487
7.Provision against advances 2,088,386 2,281,305
8.Advances net of provision (C5-C7) 10,085,640 12,643,814
9.Fixed assets 213,025 187,589
10.Other/misc. assets 2,544,327 2,318,990
D.Profit & loss account
1.Markup/interest earned 2,380,380 2,958,865
2.Markup/interest expensed 1,845,360 1,897,816
3.Net markup/interest income 535,020 1,061,049
4.Provisions and write-offs 659,384 238,593
5.Net markup/interest income after provisions (124,364) 822,456
6.Non-markup/interest income 745,552 339,755
7.Non-markup/interest expenses 543,763 956,315
8.Administrative expenses 522,723 654,869
9.Profit/(loss) before taxation 91,014 205,896
10.Profit/(loss) after taxation 219,437 137,348
E.Other items
1.No. of ordinary shares (000) 400,298 400,298
2.Cash dividend 0.00 0.25
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (2,390,426) 1,626,745
5.Commitments and contigencies 4,641,163 5,208,484
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.22 0.36
2.Net markup/interest margin (D1-D2)/C 0.02 0.03
3.Return on equity (ROE) (D10/A) 0.04 0.02
4.Return on assets (ROA) (D10/C) 0.01 0.00
5.Non-markup/interest income to total assets (D6/C) 0.03 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.00 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.78 0.64
8.Admin. expense to profit before tax. (D8/D9) (times) 5.74 3.18
9.Non-markup/interest expense to total income D7/(D1+D6) 0.17 0.29
10.Admin. expense to non-markup/interest income (D8/D6) (times) 0.70 1.93
11.Earning per share (D10/E1) 0.55 0.34
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.17 0.16
2.Investment to total assets (C4/C) 0.30 0.29
3.Advances net of provisions to total assets (C8/C) 0.34 0.40
4.Deposits to total assets (B3/C) 0.72 0.79
5.Total liabilities to total assets (B/C) 0.80 0.85
6.Gross advances to deposits (C5/B3) 0.57 0.60
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.54 0.58
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.19 0.22
2.Provisions against NPLs to gross advances (C7/C5) 0.17 0.15
3.NPLs to shareholders equity (C6/A) 0.41 0.59
4.NPLs write off to NPLs provisions (D4/C7) 0.32 0.10
5.Provision against NPL to NPLs (C7/C6) 0.91 0.68
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.19 0.18
2.Commitments & contingencies to total equity (E5/A) (times) 0.83 0.92
3.Break up value per share (A/E1) 13.91 14.18
4.Total deposit to total equity (B3/A) (times) 3.85 4.36
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) -10.89 11.84

THE BANK OF PUNJAB

Items 2007 2008
A.Total equity (A1 to A3) 15,110,453 5,056,520
1.Share capital 4,230,379 5,287,974
2.Reserves 7,427,232 7,427,232
3.Un appropriated profit 3,452,842 (7,658,686)
4.Others 3,885,341 (1,313,395)
B.Total liabilities(B1 to B4) 215,978,401 182,165,995
1.Bills payable 937,647 1,219,801
2.Borrowings from financial institutions 17,842,915 12,278,773
3.Deposits and other accounts 191,968,909 164,072,532
4.Other/misc. liabilities 5,228,930 4,594,889
C.Total assets (C1 to C4 + C8 to C10) 234,974,195 185,909,120
1.Cash and balances with treasury banks 14,210,302 10,685,057
2.Balances with other banks 1,927,662 2,178,455
3.Lending to financial institutions 2,450,000 633,333
4.Investments 73,461,695 22,711,980
5.Gross advances 136,530,003 153,226,251
6.Advances-non-performing/classified 3,349,891 42,689,337
7.Provision against advances 2,636,418 21,495,093
8.Advances net of provision (C5-C7) 133,893,585 131,731,158
9.Fixed assets 3,252,759 3,471,838
10.Other/misc. assets 5,778,192 14,497,299
D.Profit & loss account
1.Markup/interest earned 17,539,094 17,752,969
2.Markup/interest expensed 13,939,877 16,614,000
3.Net markup/interest income 3,599,217 1,138,969
4.Provisions and write-offs 1,887,769 19,229,967
5.Net markup/interest income after provisions 1,711,948 (18,090,998)
6.Non-markup/interest income 5,422,793 4,182,826
7.Non-markup/interest expenses 2,289,019 2,924,734
8.Administrative expenses 2,250,777 2,799,933
9.Profit/(loss) before taxation 4,845,722 (16,832,906)
10.Profit/(loss) after taxation 4,445,619 (10,059,505)
E.Other items
1.No. of ordinary shares (000) 423,038 528,797
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.35 -
4.Cash generated from operating activities 40,502,947 (48,385,008)
5.Commitments and contigencies 62,989,295 46,903,142
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.21 0.06
2.Net markup/interest margin (D1-D2)/C 0.02 0.01
3.Return on equity (ROE) (D10/A) 0.29 -1.99
4.Return on assets (ROA) (D10/C) 0.02 -0.05
5.Non-markup/interest income to total assets (D6/C) 0.02 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.01 -0.10
7.Markup/interest expense to markup/interest income (D2/D1) 0.79 0.94
8.Admin. expense to profit before tax. (D8/D9) (times) 0.46 -0.17
9.Non-markup/interest expense to total income D7/(D1+D6) 0.10 0.13
10.Admin. expense to non-markup/interest income (D8/D6) (times) 0.42 0.67
11.Earning per share (D10/E1) 10.51 -19.02
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.07 0.07
2.Investment to total assets (C4/C) 0.31 0.12
3.Advances net of provisions to total assets (C8/C) 0.57 0.71
4.Deposits to total assets (B3/C) 0.82 0.88
5.Total liabilities to total assets (B/C) 0.92 0.98
6.Gross advances to deposits (C5/B3) 0.71 0.93
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.65 0.87
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.28
2.Provisions against NPLs to gross advances (C7/C5) 0.02 0.14
3.NPLs to shareholders equity (C6/A) 0.22 8.44
4.NPLs write off to NPLs provisions (D4/C7) 0.72 0.89
5.Provision against NPL to NPLs (C7/C6) 0.79 0.50
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.06 0.03
2.Commitments & contingencies to total equity (E5/A) (times) 4.17 9.28
3.Break up value per share (A/E1) 35.72 9.56
4.Total deposit to total equity (B3/A) (times) 12.70 32.45
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 9.11 4.81

Private Sector Banks - Overall

Items 2007 2008
A.Total equity (A1 to A3) 335,558,244 385,359,458
1.Share capital 182,923,895 210,865,136
2.Reserves 92,324,287 116,709,912
3.Un appropriated profit 60,310,062 57,784,410
4.Others 54,306,190 41,246,518
B.Total liabilities(B1 to B4) 3,445,854,766 3,809,313,808
1.Bills payable 69,288,789 52,687,992
2.Borrowings from financial institutions 315,173,884 305,687,636
3.Deposits and other accounts 2,909,973,436 3,244,927,861
4.Other/misc. liabilities 151,418,657 206,010,319
C.Total assets (C1 to C4 + C8 to C10) 3,835,719,200 4,235,919,784
1.Cash and balances with treasury banks 330,722,925 320,517,786
2.Balances with other banks 80,978,851 103,115,398
3.Lending to financial institutions 144,267,071 137,405,388
4.Investments 936,617,336 845,773,291
5.Gross advances 2,129,767,639 2,582,387,596
6.Advances-non-performing/classified 128,088,718 184,544,581
7.Provision against advances 95,687,146 145,648,689
8.Advances net of provision (C5-C7) 2,034,080,493 2,436,738,907
9.Fixed assets 133,328,851 154,423,798
10.Other/misc. assets 175,723,673 237,945,216
D.Profit & loss account
1.Markup/interest earned 287,468,766 370,761,372
2.Markup/interest expensed 137,649,901 189,477,389
3.Net markup/interest income 149,818,868 181,283,983
4.Provisions and write-offs 46,568,286 67,875,442
5.Net markup/interest income after provisions 104,770,698 113,412,163
6.Non-markup/interest income 61,874,183 70,125,358
7.Non-markup/interest expenses 95,778,014 125,060,096
8.Administrative expenses 94,277,551 122,545,992
9.Profit/(loss) before taxation 69,834,448 52,529,021
10.Profit/(loss) after taxation 51,435,338 34,800,231
E.Other items
1.No. of ordinary shares (000) 18,314,321 21,086,511
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 297,933,704 16,415,664
5.Commitments and contigencies 2,228,515,711 1,847,899,393
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.52 0.49
2.Net markup/interest margin (D1-D2)/C 0.04 0.04
3.Return on equity (ROE) (D10/A) 0.15 0.09
4.Return on assets (ROA) (D10/C) 0.01 0.01
5.Non-markup/interest income to total assets (D6/C) 0.02 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.48 0.51
8.Admin. expense to profit before tax. (D8/D9) (times) 1.35 2.33
9.Non-markup/interest expense to total income D7/(D1+D6) 0.27 0.28
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.52 1.75
11.Earning per share (D10/E1) 2.81 1.65
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.11 0.10
2.Investment to total assets (C4/C) 0.24 0.20
3.Advances net of provisions to total assets (C8/C) 0.53 0.58
4.Deposits to total assets (B3/C) 0.76 0.77
5.Total liabilities to total assets (B/C) 0.90 0.90
6.Gross advances to deposits (C5/B3) 0.73 0.80
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.66 0.73
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.06 0.07
2.Provisions against NPLs to gross advances (C7/C5) 0.04 0.06
3.NPLs to shareholders equity (C6/A) 0.38 0.48
4.NPLs write off to NPLs provisions (D4/C7) 0.49 0.47
5.Provision against NPL to NPLs (C7/C6) 0.75 0.79
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.09 0.09
2.Commitments & contingencies to total equity (E5/A) (times) 6.64 4.80
3.Break up value per share (A/E1) 18.32 18.28
4.Total deposit to total equity (B3/A) (times) 8.67 8.42
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 5.79 0.47

ALBARAKA BANK (PAKISTAN) LTD.

Items 2007 2008
A.Total equity (A1 to A3) 2,811,700 4,051,584
1.Share capital 3,000,000 4,500,000
2.Reserves 0 0
3.Un appropriated profit (188,300) (448,416)
4.Others 1,007,855 17,255
B.Total liabilities(B1 to B4) 5,121,920 12,468,548
1.Bills payable 99,753 148,403
2.Borrowings from financial institutions 68,908 725,000
3.Deposits and other accounts 4,552,909 10,892,602
4.Other/misc. liabilities 400,350 702,543
C.Total assets (C1 to C4 + C8 to C10) 8,941,475 16,537,387
1.Cash and balances with treasury banks 991,301 909,378
2.Balances with other banks 419,737 195,134
3.Lending to financial institutions 1,350,000 320,000
4.Investments 2,275,123 2,756,159
5.Gross advances 2,623,663 7,788,664
6.Advances-non-performing/classified 2,138 13,537
7.Provision against advances 2,138 11,181
8.Advances net of provision (C5-C7) 2,621,525 7,777,483
9.Fixed assets 953,864 1,619,029
10.Other/misc. assets 329,925 2,960,204
D.Profit & loss account
1.Markup/interest earned 381,172 1,060,376
2.Markup/interest expensed 125,011 598,062
3.Net markup/interest income 256,161 462,314
4.Provisions and write-offs 8,032 1,811
5.Net markup/interest income after provisions 248,129 464,125
6.Non-markup/interest income 63,763 95,111
7.Non-markup/interest expenses 395,546 950,599
8.Administrative expenses 395,539 949,634
9.Profit/(loss) before taxation (83,654) (391,363)
10.Profit/(loss) after taxation (57,499) (260,116)
E.Other items
1.No. of ordinary shares (000) 300,000 450,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 2,457,242 406,132
5.Commitments and contigencies 4,297,712 3,064,151
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.67 0.44
2.Net markup/interest margin (D1-D2)/C 0.03 0.03
3.Return on equity (ROE) (D10/A) -0.02 -0.06
4.Return on assets (ROA) (D10/C) -0.01 -0.02
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.33 0.56
8.Admin. expense to profit before tax. (D8/D9) (times) -4.73 -2.43
9.Non-markup/interest expense to total income D7/(D1+D6) 0.89 0.82
10.Admin. expense to non-markup/interest income (D8/D6) (times) 6.20 9.98
11.Earning per share (D10/E1) -0.19 -0.58
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.16 0.07
2.Investment to total assets (C4/C) 0.25 0.17
3.Advances net of provisions to total assets (C8/C) 0.29 0.47
4.Deposits to total assets (B3/C) 0.51 0.66
5.Total liabilities to total assets (B/C) 0.57 0.75
6.Gross advances to deposits (C5/B3) 0.58 0.72
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.57 0.67
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.00 0.00
2.Provisions against NPLs to gross advances (C7/C5) 0.00 0.00
3.NPLs to shareholders equity (C6/A) 0.00 0.00
4.NPLs write off to NPLs provisions (D4/C7) 3.76 0.16
5.Provision against NPL to NPLs (C7/C6) 1.00 0.83
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.31 0.25
2.Commitments & contingencies to total equity (E5/A) (times) 1.53 0.76
3.Break up value per share (A/E1) 9.37 9.00
4.Total deposit to total equity (B3/A) (times) 1.62 2.69
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) -42.74 -1.56

ALLIED BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 18,408,391 20,805,117
1.Share capital 5,386,370 6,463,644
2.Reserves 6,050,713 5,804,776
3.Un appropriated profit 6,971,308 8,536,697
4.Others 1,469,851 1,550,497
B.Total liabilities(B1 to B4) 300,231,481 344,340,055
1.Bills payable 3,494,384 2,952,490
2.Borrowings from financial institutions 22,933,656 27,778,151
3.Deposits and other accounts 263,972,382 297,475,321
4.Other/misc. liabilities 9,831,059 16,134,093
C.Total assets (C1 to C4 + C8 to C10) 320,109,723 366,695,669
1.Cash and balances with treasury banks 29,739,857 23,653,754
2.Balances with other banks 668,449 2,096,779
3.Lending to financial institutions 18,419,241 15,793,183
4.Investments 83,958,463 82,646,595
5.Gross advances 178,524,257 223,639,777
6.Advances-non-performing/classified 11,354,923 13,771,895
7.Provision against advances 10,116,977 10,667,769
8.Advances net of provision (C5-C7) 168,407,280 212,972,008
9.Fixed assets 7,548,628 11,134,436
10.Other/misc. assets 11,367,805 18,398,914
D.Profit & loss account
1.Markup/interest earned 21,201,422 30,570,540
2.Markup/interest expensed 10,019,004 17,272,724
3.Net markup/interest income 11,182,418 13,297,816
4.Provisions and write-offs 2,714,842 3,156,001
5.Net markup/interest income after provisions 8,467,576 10,141,815
6.Non-markup/interest income 3,920,099 4,896,915
7.Non-markup/interest expenses 6,434,599 8,917,790
8.Administrative expenses 6,018,346 8,121,805
9.Profit/(loss) before taxation 5,953,076 6,120,940
10.Profit/(loss) after taxation 4,076,158 4,156,686
E.Other items
1.No. of ordinary shares (000) 538,637 646,364
2.Cash dividend 0.15 0.25
3.Stock dividend/bonus shares 0.20 0.10
4.Cash generated from operating activities 46,349,828 563,633
5.Commitments and contigencies 117,080,646 126,060,778
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.53 0.44
2.Net markup/interest margin (D1-D2)/C 0.03 0.04
3.Return on equity (ROE) (D10/A) 0.22 0.20
4.Return on assets (ROA) (D10/C) 0.01 0.01
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.47 0.57
8.Admin. expense to profit before tax. (D8/D9) (times) 1.01 1.33
9.Non-markup/interest expense to total income D7/(D1+D6) 0.26 0.25
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.54 1.66
11.Earning per share (D10/E1) 7.57 6.43
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.10 0.07
2.Investment to total assets (C4/C) 0.26 0.23
3.Advances net of provisions to total assets (C8/C) 0.53 0.58
4.Deposits to total assets (B3/C) 0.82 0.81
5.Total liabilities to total assets (B/C) 0.94 0.94
6.Gross advances to deposits (C5/B3) 0.68 0.75
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.62 0.69
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.06 0.06
2.Provisions against NPLs to gross advances (C7/C5) 0.06 0.05
3.NPLs to shareholders equity (C6/A) 0.62 0.66
4.NPLs write off to NPLs provisions (D4/C7) 0.27 0.30
5.Provision against NPL to NPLs (C7/C6) 0.89 0.77
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.06 0.06
2.Commitments & contingencies to total equity (E5/A) (times) 6.36 6.06
3.Break up value per share (A/E1) 34.18 32.19
4.Total deposit to total equity (B3/A) (times) 14.34 14.30
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 11.37 0.14

ASKARI BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 12,099,645 12,034,895
1.Share capital 3,006,499 4,058,774
2.Reserves 6,948,336 7,667,141
3.Un appropriated profit 2,144,810 308,980
4.Others 166,342 936,468
B.Total liabilities(B1 to B4) 169,905,898 193,219,775
1.Bills payable 2,627,051 2,584,828
2.Borrowings from financial institutions 17,553,525 15,190,148
3.Deposits and other accounts 143,036,707 167,676,572
4.Other/misc. liabilities 6,688,615 7,768,227
C.Total assets (C1 to C4 + C8 to C10) 182,171,885 206,191,138
1.Cash and balances with treasury banks 13,356,055 16,029,635
2.Balances with other banks 3,497,054 3,954,814
3.Lending to financial institutions 14,444,143 4,479,754
4.Investments 39,431,005 35,677,755
5.Gross advances 108,188,767 139,830,973
6.Advances-non-performing/classified 6,907,591 11,689,417
7.Provision against advances 7,408,605 11,012,731
8.Advances net of provision (C5-C7) 100,780,162 128,818,242
9.Fixed assets 5,128,428 8,266,458
10.Other/misc. assets 5,535,038 8,964,480
D.Profit & loss account
1.Markup/interest earned 15,143,241 18,393,313
2.Markup/interest expensed 8,685,624 10,650,719
3.Net markup/interest income 6,457,617 7,742,594
4.Provisions and write-offs 3,921,741 4,072,597
5.Net markup/interest income after provisions 2,535,876 3,669,997
6.Non-markup/interest income 4,565,496 2,707,000
7.Non-markup/interest expenses 4,801,587 5,915,615
8.Administrative expenses 4,789,536 5,904,169
9.Profit/(loss) before taxation 2,299,785 461,382
10.Profit/(loss) after taxation 2,681,012 386,225
E.Other items
1.No. of ordinary shares (000) 300,650 405,877
2.Cash dividend 0.15 0.00
3.Stock dividend/bonus shares 0.35 0.25
4.Cash generated from operating activities 8,370,382 2,596,563
5.Commitments and contigencies 145,064,726 202,238,722
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.43 0.42
2.Net markup/interest margin (D1-D2)/C 0.04 0.04
3.Return on equity (ROE) (D10/A) 0.22 0.03
4.Return on assets (ROA) (D10/C) 0.01 0.00
5.Non-markup/interest income to total assets (D6/C) 0.03 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.01 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.57 0.58
8.Admin. expense to profit before tax. (D8/D9) (times) 2.08 12.80
9.Non-markup/interest expense to total income D7/(D1+D6) 0.24 0.28
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.05 2.18
11.Earning per share (D10/E1) 8.92 0.95
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.09 0.10
2.Investment to total assets (C4/C) 0.22 0.17
3.Advances net of provisions to total assets (C8/C) 0.55 0.62
4.Deposits to total assets (B3/C) 0.79 0.81
5.Total liabilities to total assets (B/C) 0.93 0.94
6.Gross advances to deposits (C5/B3) 0.76 0.83
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.67 0.76
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.06 0.08
2.Provisions against NPLs to gross advances (C7/C5) 0.07 0.08
3.NPLs to shareholders equity (C6/A) 0.57 0.97
4.NPLs write off to NPLs provisions (D4/C7) 0.53 0.37
5.Provision against NPL to NPLs (C7/C6) 1.07 0.94
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.07 0.06
2.Commitments & contingencies to total equity (E5/A) (times) 11.99 16.80
3.Break up value per share (A/E1) 40.24 29.65
4.Total deposit to total equity (B3/A) (times) 11.82 13.93
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 3.12 6.72

BANK AL-HABIB LTD.

Items 2007 2008
A.Total equity (A1 to A3) 8,013,757 9,967,204
1.Share capital 3,681,068 4,785,388
2.Reserves 2,527,949 3,062,830
3.Un appropriated profit 1,804,740 2,118,986
4.Others 311,561 1,665,205
B.Total liabilities(B1 to B4) 132,908,956 165,690,582
1.Bills payable 2,394,482 2,232,334
2.Borrowings from financial institutions 9,826,525 12,369,743
3.Deposits and other accounts 114,818,855 144,389,563
4.Other/misc. liabilities 5,869,094 6,698,942
C.Total assets (C1 to C4 + C8 to C10) 141,234,274 177,322,991
1.Cash and balances with treasury banks 13,766,500 11,936,275
2.Balances with other banks 604,742 3,621,152
3.Lending to financial institutions 4,112,429 295,396
4.Investments 35,287,080 48,234,497
5.Gross advances 79,446,698 101,402,372
6.Advances-non-performing/classified 216,628 862,550
7.Provision against advances 222,318 1,205,376
8.Advances net of provision (C5-C7) 79,224,380 100,196,996
9.Fixed assets 5,786,287 9,166,020
10.Other/misc. assets 2,452,856 3,872,655
D.Profit & loss account
1.Markup/interest earned 9,945,872 14,586,841
2.Markup/interest expensed 5,764,757 8,004,294
3.Net markup/interest income 4,181,115 6,582,547
4.Provisions and write-offs 93,266 1,149,345
5.Net markup/interest income after provisions 4,087,849 5,433,202
6.Non-markup/interest income 2,130,824 2,416,304
7.Non-markup/interest expenses 3,166,446 4,374,426
8.Administrative expenses 3,166,045 4,306,759
9.Profit/(loss) before taxation 3,052,227 3,578,532
10.Profit/(loss) after taxation 2,211,333 2,425,016
E.Other items
1.No. of ordinary shares (000) 368,107 478,538
2.Cash dividend 0.15 0.13
3.Stock dividend/bonus shares 0.30 0.28
4.Cash generated from operating activities 20,066,569 16,856,703
5.Commitments and contigencies 61,774,447 59,797,421
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.42 0.45
2.Net markup/interest margin (D1-D2)/C 0.03 0.04
3.Return on equity (ROE) (D10/A) 0.28 0.24
4.Return on assets (ROA) (D10/C) 0.02 0.01
5.Non-markup/interest income to total assets (D6/C) 0.02 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.58 0.55
8.Admin. expense to profit before tax. (D8/D9) (times) 1.04 1.20
9.Non-markup/interest expense to total income D7/(D1+D6) 0.26 0.26
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.49 1.78
11.Earning per share (D10/E1) 6.01 5.07
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.10 0.09
2.Investment to total assets (C4/C) 0.25 0.27
3.Advances net of provisions to total assets (C8/C) 0.56 0.57
4.Deposits to total assets (B3/C) 0.81 0.81
5.Total liabilities to total assets (B/C) 0.94 0.93
6.Gross advances to deposits (C5/B3) 0.69 0.70
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.64 0.65
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.00 0.01
2.Provisions against NPLs to gross advances (C7/C5) 0.00 0.01
3.NPLs to shareholders equity (C6/A) 0.03 0.09
4.NPLs write off to NPLs provisions (D4/C7) 0.42 0.95
5.Provision against NPL to NPLs (C7/C6) 1.03 1.40
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.06 0.06
2.Commitments & contingencies to total equity (E5/A) (times) 7.71 6.00
3.Break up value per share (A/E1) 21.77 20.83
4.Total deposit to total equity (B3/A) (times) 14.33 14.49
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 9.07 6.95

BANK ALFALAH LTD.

Items 2007 2008
A.Total equity (A1 to A3) 13,766,673 14,608,523
1.Share capital 6,500,000 7,995,000
2.Reserves 2,414,833 3,166,056
3.Un appropriated profit 4,851,840 3,447,467
4.Others 2,453,171 2,436,216
B.Total liabilities(B1 to B4) 312,675,308 331,946,025
1.Bills payable 4,138,243 3,452,031
2.Borrowings from financial institutions 21,230,697 13,690,222
3.Deposits and other accounts 273,173,841 300,732,858
4.Other/misc. liabilities 14,132,527 14,070,914
C.Total assets (C1 to C4 + C8 to C10) 328,895,152 348,990,764
1.Cash and balances with treasury banks 29,436,378 32,687,335
2.Balances with other banks 18,380,738 21,581,043
3.Lending to financial institutions 3,452,059 3,315,500
4.Investments 88,491,564 75,973,238
5.Gross advances 175,678,810 197,931,671
6.Advances-non-performing/classified 4,705,085 0
7.Provision against advances 4,479,818 6,140,683
8.Advances net of provision (C5-C7) 171,198,992 191,790,988
9.Fixed assets 11,922,324 13,773,293
10.Other/misc. assets 6,013,097 9,869,367
D.Profit & loss account
1.Markup/interest earned 25,783,871 30,966,638
2.Markup/interest expensed 16,620,963 20,494,355
3.Net markup/interest income 9,162,908 10,472,283
4.Provisions and write-offs 2,376,711 3,543,357
5.Net markup/interest income after provisions 6,786,197 6,928,926
6.Non-markup/interest income 6,038,466 4,822,924
7.Non-markup/interest expenses 8,289,111 9,957,130
8.Administrative expenses 8,272,587 9,805,790
9.Profit/(loss) before taxation 4,535,552 1,794,720
10.Profit/(loss) after taxation 3,130,229 1,301,301
E.Other items
1.No. of ordinary shares (000) 650,000 799,500
2.Cash dividend 0.15 0.50
3.Stock dividend/bonus shares 0.30 0.13
4.Cash generated from operating activities 39,645,325 2,499,606
5.Commitments and contigencies 124,896,380 121,702,262
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.36 0.34
2.Net markup/interest margin (D1-D2)/C 0.03 0.03
3.Return on equity (ROE) (D10/A) 0.23 0.09
4.Return on assets (ROA) (D10/C) 0.01 0.00
5.Non-markup/interest income to total assets (D6/C) 0.02 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.02 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.64 0.66
8.Admin. expense to profit before tax. (D8/D9) (times) 1.82 5.46
9.Non-markup/interest expense to total income D7/(D1+D6) 0.26 0.28
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.37 2.03
11.Earning per share (D10/E1) 4.82 1.63
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.15 0.16
2.Investment to total assets (C4/C) 0.27 0.22
3.Advances net of provisions to total assets (C8/C) 0.52 0.55
4.Deposits to total assets (B3/C) 0.83 0.86
5.Total liabilities to total assets (B/C) 0.95 0.95
6.Gross advances to deposits (C5/B3) 0.64 0.66
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.60 0.63
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.03 0.00
2.Provisions against NPLs to gross advances (C7/C5) 0.03 0.03
3.NPLs to shareholders equity (C6/A) 0.34 0.00
4.NPLs write off to NPLs provisions (D4/C7) 0.53 0.58
5.Provision against NPL to NPLs (C7/C6) 0.95 -
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.04 0.04
2.Commitments & contingencies to total equity (E5/A) (times) 9.07 8.33
3.Break up value per share (A/E1) 21.18 18.27
4.Total deposit to total equity (B3/A) (times) 19.84 20.59
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 12.67 1.92
BANKISLAMI PAKISTAN LTD.
Items 2007 2008
A.Total equity (A1 to A3) 3,154,623 5,181,372
1.Share capital 3,200,000 5,279,679
2.Reserves 0 0
3.Un appropriated profit (45,377) (98,307)
4.Others 690,103 10,449
B.Total liabilities(B1 to B4) 10,602,747 13,896,779
1.Bills payable 84,998 353,646
2.Borrowings from financial institutions 70,000 245,939
3.Deposits and other accounts 9,934,282 12,477,955
4.Other/misc. liabilities 513,467 819,239
C.Total assets (C1 to C4 + C8 to C10) 14,447,473 19,088,600
1.Cash and balances with treasury banks 1,433,166 2,175,413
2.Balances with other banks 2,577,491 2,207,490
3.Lending to financial institutions 625,037 40,351
4.Investments 3,864,027 5,019,525
5.Gross advances 3,992,240 6,687,460
6.Advances-non-performing/classified 78,371 186,093
7.Provision against advances 29,373 159,929
8.Advances net of provision (C5-C7) 3,962,867 6,527,531
9.Fixed assets 1,093,324 1,910,648
10.Other/misc. assets 891,561 1,207,642
D.Profit & loss account
1.Markup/interest earned 602,060 1,468,688
2.Markup/interest expensed 303,842 729,528
3.Net markup/interest income 298,218 739,160
4.Provisions and write-offs 28,372 130,556
5.Net markup/interest income after provisions 269,846 608,604
6.Non-markup/interest income 140,281 196,139
7.Non-markup/interest expenses 510,590 229,152
8.Administrative expenses 491,172 1,028,232
9.Profit/(loss) before taxation (100,463) (229,152)
10.Profit/(loss) after taxation (37,023) (52,930)
E.Other items
1.No. of ordinary shares (000) 320,000 527,968
2.Cash dividend 0.00 0.23
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 5,921,777 1,109,403
5.Commitments and contigencies 6,541,611 1,751,914
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.50 0.50
2.Net markup/interest margin (D1-D2)/C 0.02 0.04
3.Return on equity (ROE) (D10/A) -0.01 -0.01
4.Return on assets (ROA) (D10/C) 0.00 0.00
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.02 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.50 0.50
8.Admin. expense to profit before tax. (D8/D9) (times) -4.89 -4.49
9.Non-markup/interest expense to total income D7/(D1+D6) 0.69 0.14
10.Admin. expense to non-markup/interest income (D8/D6) (times) 3.50 5.24
11.Earning per share (D10/E1) -0.12 -0.10
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.28 0.23
2.Investment to total assets (C4/C) 0.27 0.26
3.Advances net of provisions to total assets (C8/C) 0.27 0.34
4.Deposits to total assets (B3/C) 0.69 0.65
5.Total liabilities to total assets (B/C) 0.73 0.73
6.Gross advances to deposits (C5/B3) 0.40 0.54
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.40 0.53
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.03
2.Provisions against NPLs to gross advances (C7/C5) 0.01 0.02
3.NPLs to shareholders equity (C6/A) 0.02 0.04
4.NPLs write off to NPLs provisions (D4/C7) 0.97 0.82
5.Provision against NPL to NPLs (C7/C6) 0.37 0.86
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.22 0.27
2.Commitments & contingencies to total equity (E5/A) (times) 2.07 0.34
3.Break up value per share (A/E1) 9.86 9.81
4.Total deposit to total equity (B3/A) (times) 3.15 2.41
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) -159.95 -20.96

BURJ BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 3,652,231 4,085,091
1.Share capital 3,601,200 4,001,333
2.Reserves 10,206 16,751
3.Un appropriated profit 40,825 67,007
4.Others 13,657 (10,281)
B.Total liabilities(B1 to B4) 3,184,646 5,406,327
1.Bills payable 80,243 20,138
2.Borrowings from financial institutions 0 50,704
3.Deposits and other accounts 2,888,762 5,063,393
4.Other/misc. liabilities 215,641 272,092
C.Total assets (C1 to C4 + C8 to C10) 6,850,534 9,481,137
1.Cash and balances with treasury banks 380,381 418,948
2.Balances with other banks 187,747 255,703
3.Lending to financial institutions 725,022 250,040
4.Investments 1,318,657 2,045,146
5.Gross advances 3,725,609 5,645,609
6.Advances-non-performing/classified 0 50,000
7.Provision against advances 1,857 5,732
8.Advances net of provision (C5-C7) 3,723,752 5,639,877
9.Fixed assets 299,404 417,364
10.Other/misc. assets 215,571 454,059
D.Profit & loss account
1.Markup/interest earned 249,763 855,374
2.Markup/interest expensed 57,906 403,500
3.Net markup/interest income 191,857 451,874
4.Provisions and write-offs 1,857 3,875
5.Net markup/interest income after provisions 190,000 447,999
6.Non-markup/interest income 8,838 494,273
7.Non-markup/interest expenses 166,579 434,161
8.Administrative expenses 165,999 433,996
9.Profit/(loss) before taxation 32,259 60,111
10.Profit/(loss) after taxation 51,031 32,727
E.Other items
1.No. of ordinary shares (000) 360,120 400,133
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (1,296,457) 660,132
5.Commitments and contigencies 674,467 2,217,021
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.77 0.53
2.Net markup/interest margin (D1-D2)/C 0.03 0.05
3.Return on equity (ROE) (D10/A) 0.01 0.01
4.Return on assets (ROA) (D10/C) 0.01 0.00
5.Non-markup/interest income to total assets (D6/C) 0.00 0.05
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.05
7.Markup/interest expense to markup/interest income (D2/D1) 0.23 0.47
8.Admin. expense to profit before tax. (D8/D9) (times) 5.15 7.22
9.Non-markup/interest expense to total income D7/(D1+D6) 0.64 0.32
10.Admin. expense to non-markup/interest income (D8/D6) (times) 18.78 0.88
11.Earning per share (D10/E1) 0.14 0.08
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.08 0.07
2.Investment to total assets (C4/C) 0.19 0.22
3.Advances net of provisions to total assets (C8/C) 0.54 0.59
4.Deposits to total assets (B3/C) 0.42 0.53
5.Total liabilities to total assets (B/C) 0.46 0.57
6.Gross advances to deposits (C5/B3) 1.29 1.12
7.Gross advances to borrowing & deposit C5/(B2+B3) 1.29 1.10
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.00 0.01
2.Provisions against NPLs to gross advances (C7/C5) 0.00 0.00
3.NPLs to shareholders equity (C6/A) 0.00 0.01
4.NPLs write off to NPLs provisions (D4/C7) 1.00 0.68
5.Provision against NPL to NPLs (C7/C6) - 0.11
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.53 0.43
2.Commitments & contingencies to total equity (E5/A) (times) 0.18 0.54
3.Break up value per share (A/E1) 10.14 10.21
4.Total deposit to total equity (B3/A) (times) 0.79 1.24
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -25.41 20.17

DUBAI ISLAMIC BANK PAKISTAN LTD.

Items 2007 2008
A.Total equity (A1 to A3) 4,345,532 5,055,260
1.Share capital 5,126,230 6,017,780
2.Reserves 0 0
3.Un appropriated profit (780,698) (962,520)
4.Others 9,807 10,867
B.Total liabilities(B1 to B4) 16,952,908 26,983,946
1.Bills payable 347,521 283,188
2.Borrowings from financial institutions 383 0
3.Deposits and other accounts 16,114,461 25,458,910
4.Other/misc. liabilities 490,543 1,241,848
C.Total assets (C1 to C4 + C8 to C10) 21,308,247 32,050,073
1.Cash and balances with treasury banks 1,992,425 2,691,572
2.Balances with other banks 1,410,884 3,273,878
3.Lending to financial institutions 0 1,329,832
4.Investments 2,974,087 3,019,266
5.Gross advances 11,347,979 18,330,344
6.Advances-non-performing/classified 25,665 286,024
7.Provision against advances 100,766 256,843
8.Advances net of provision (C5-C7) 11,247,213 18,073,501
9.Fixed assets 1,459,578 1,740,923
10.Other/misc. assets 2,224,060 1,921,101
D.Profit & loss account
1.Markup/interest earned 1,119,716 2,723,796
2.Markup/interest expensed 469,302 1,377,542
3.Net markup/interest income 650,414 1,346,254
4.Provisions and write-offs 100,766 156,077
5.Net markup/interest income after provisions 549,648 1,190,177
6.Non-markup/interest income 336,410 335,552
7.Non-markup/interest expenses 1,453,906 271,806
8.Administrative expenses 1,411,526 1,791,282
9.Profit/(loss) before taxation (567,848) (271,806)
10.Profit/(loss) after taxation (369,196) (181,822)
E.Other items
1.No. of ordinary shares (000) 434,553 601,778
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 2,848,560 2,523,494
5.Commitments and contigencies 11,012,116 21,322,168
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.58 0.49
2.Net markup/interest margin (D1-D2)/C 0.03 0.04
3.Return on equity (ROE) (D10/A) -0.09 -0.04
4.Return on assets (ROA) (D10/C) -0.02 -0.01
5.Non-markup/interest income to total assets (D6/C) 0.02 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.04
7.Markup/interest expense to markup/interest income (D2/D1) 0.42 0.51
8.Admin. expense to profit before tax. (D8/D9) (times) -2.49 -6.59
9.Non-markup/interest expense to total income D7/(D1+D6) 1.00 0.09
10.Admin. expense to non-markup/interest income (D8/D6) (times) 4.20 5.34
11.Earning per share (D10/E1) -0.85 -0.30
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.16 0.19
2.Investment to total assets (C4/C) 0.14 0.09
3.Advances net of provisions to total assets (C8/C) 0.53 0.56
4.Deposits to total assets (B3/C) 0.76 0.79
5.Total liabilities to total assets (B/C) 0.80 0.84
6.Gross advances to deposits (C5/B3) 0.70 0.72
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.70 0.72
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.00 0.02
2.Provisions against NPLs to gross advances (C7/C5) 0.01 0.01
3.NPLs to shareholders equity (C6/A) 0.01 0.06
4.NPLs write off to NPLs provisions (D4/C7) 1.00 0.61
5.Provision against NPL to NPLs (C7/C6) 3.93 0.90
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.20 0.16
2.Commitments & contingencies to total equity (E5/A) (times) 2.53 4.22
3.Break up value per share (A/E1) 10.00 8.40
4.Total deposit to total equity (B3/A) (times) 3.71 5.04
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) -7.72 -13.88

FAYSAL BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 10,345,146 10,135,987
1.Share capital 5,296,445 5,296,445
2.Reserves 3,567,033 3,790,023
3.Un appropriated profit 1,481,668 1,049,519
4.Others 5,811,357 636,121
B.Total liabilities(B1 to B4) 125,120,918 127,469,378
1.Bills payable 2,406,927 1,536,517
2.Borrowings from financial institutions 9,995,855 13,027,468
3.Deposits and other accounts 102,067,422 102,776,793
4.Other/misc. liabilities 10,650,714 10,128,600
C.Total assets (C1 to C4 + C8 to C10) 141,277,421 138,241,486
1.Cash and balances with treasury banks 6,872,032 8,927,524
2.Balances with other banks 3,708,451 876,780
3.Lending to financial institutions 7,078,102 2,861,401
4.Investments 31,553,108 36,152,537
5.Gross advances 91,016,278 88,620,641
6.Advances-non-performing/classified 4,753,415 7,446,481
7.Provision against advances 3,669,877 5,108,573
8.Advances net of provision (C5-C7) 87,346,401 83,512,068
9.Fixed assets 2,514,959 2,646,978
10.Other/misc. assets 2,204,368 3,264,198
D.Profit & loss account
1.Markup/interest earned 11,610,781 13,404,132
2.Markup/interest expensed 7,459,392 8,454,755
3.Net markup/interest income 4,151,389 4,949,377
4.Provisions and write-offs 2,079,044 2,047,362
5.Net markup/interest income after provisions 2,072,345 2,902,015
6.Non-markup/interest income 3,441,145 5,212,608
7.Non-markup/interest expenses 2,815,663 1,796,537
8.Administrative expenses 2,799,747 3,257,843
9.Profit/(loss) before taxation 2,697,827 1,796,537
10.Profit/(loss) after taxation 2,272,108 1,114,952
E.Other items
1.No. of ordinary shares (000) 529,644 529,645
2.Cash dividend 0.25 0.15
3.Stock dividend/bonus shares 0.25 0.00
4.Cash generated from operating activities 7,262,087 1,882,246
5.Commitments and contigencies 50,562,981 51,941,751
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.36 0.37
2.Net markup/interest margin (D1-D2)/C 0.03 0.04
3.Return on equity (ROE) (D10/A) 0.22 0.11
4.Return on assets (ROA) (D10/C) 0.02 0.01
5.Non-markup/interest income to total assets (D6/C) 0.02 0.04
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.01 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.64 0.63
8.Admin. expense to profit before tax. (D8/D9) (times) 1.04 1.81
9.Non-markup/interest expense to total income D7/(D1+D6) 0.19 0.10
10.Admin. expense to non-markup/interest income (D8/D6) (times) 0.81 0.62
11.Earning per share (D10/E1) 4.29 2.11
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.07 0.07
2.Investment to total assets (C4/C) 0.22 0.26
3.Advances net of provisions to total assets (C8/C) 0.62 0.60
4.Deposits to total assets (B3/C) 0.72 0.74
5.Total liabilities to total assets (B/C) 0.89 0.92
6.Gross advances to deposits (C5/B3) 0.89 0.86
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.81 0.77
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.05 0.08
2.Provisions against NPLs to gross advances (C7/C5) 0.04 0.06
3.NPLs to shareholders equity (C6/A) 0.46 0.73
4.NPLs write off to NPLs provisions (D4/C7) 0.57 0.40
5.Provision against NPL to NPLs (C7/C6) 0.77 0.69
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.07 0.07
2.Commitments & contingencies to total equity (E5/A) (times) 4.89 5.12
3.Break up value per share (A/E1) 19.53 19.14
4.Total deposit to total equity (B3/A) (times) 9.87 10.14
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 3.20 1.69

HABIB BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 50,741,564 61,290,814
1.Share capital 6,900,000 7,590,000
2.Reserves 18,628,584 22,882,318
3.Un appropriated profit 25,212,980 30,818,496
4.Others 7,202,391 3,753,597
B.Total liabilities(B1 to B4) 597,894,901 652,237,599
1.Bills payable 15,379,440 9,781,077
2.Borrowings from financial institutions 52,218,228 44,022,676
3.Deposits and other accounts 508,986,541 572,399,187
4.Other/misc. liabilities 21,310,692 26,034,659
C.Total assets (C1 to C4 + C8 to C10) 655,838,856 717,282,010
1.Cash and balances with treasury banks 55,361,813 56,359,367
2.Balances with other banks 19,558,051 32,720,391
3.Lending to financial institutions 1,628,130 6,193,787
4.Investments 171,932,281 127,786,754
5.Gross advances 380,751,226 460,244,672
6.Advances-non-performing/classified 24,588,571 36,086,044
7.Provision against advances 18,490,698 24,536,012
8.Advances net of provision (C5-C7) 362,260,528 435,708,660
9.Fixed assets 13,582,240 33,490,506
10.Other/misc. assets 31,515,813 25,022,545
D.Profit & loss account
1.Markup/interest earned 48,342,047 61,157,813
2.Markup/interest expensed 18,001,496 25,523,572
3.Net markup/interest income 30,340,551 35,634,241
4.Provisions and write-offs 8,020,766 9,295,235
5.Net markup/interest income after provisions 22,319,785 26,339,006
6.Non-markup/interest income 7,971,990 10,336,517
7.Non-markup/interest expenses 17,164,773 20,820,329
8.Administrative expenses 17,355,732 20,253,578
9.Profit/(loss) before taxation 13,127,002 5,855,194
10.Profit/(loss) after taxation 8,041,416 10,000,980
E.Other items
1.No. of ordinary shares (000) 690,000 759,000
2.Cash dividend 0.40 0.55
3.Stock dividend/bonus shares 0.10 0.20
4.Cash generated from operating activities 14,210,526 (21,380,958)
5.Commitments and contigencies 352,277,094 296,820,275
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.63 0.58
2.Net markup/interest margin (D1-D2)/C 0.05 0.05
3.Return on equity (ROE) (D10/A) 0.16 0.16
4.Return on assets (ROA) (D10/C) 0.01 0.01
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.04
7.Markup/interest expense to markup/interest income (D2/D1) 0.37 0.42
8.Admin. expense to profit before tax. (D8/D9) (times) 1.32 3.46
9.Non-markup/interest expense to total income D7/(D1+D6) 0.30 0.29
10.Admin. expense to non-markup/interest income (D8/D6) (times) 2.18 1.96
11.Earning per share (D10/E1) 11.65 13.18
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.11 0.12
2.Investment to total assets (C4/C) 0.26 0.18
3.Advances net of provisions to total assets (C8/C) 0.55 0.61
4.Deposits to total assets (B3/C) 0.78 0.80
5.Total liabilities to total assets (B/C) 0.91 0.91
6.Gross advances to deposits (C5/B3) 0.75 0.80
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.68 0.75
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.06 0.08
2.Provisions against NPLs to gross advances (C7/C5) 0.05 0.05
3.NPLs to shareholders equity (C6/A) 0.48 0.59
4.NPLs write off to NPLs provisions (D4/C7) 0.43 0.38
5.Provision against NPL to NPLs (C7/C6) 0.75 0.68
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.08 0.09
2.Commitments & contingencies to total equity (E5/A) (times) 6.94 4.84
3.Break up value per share (A/E1) 73.54 80.75
4.Total deposit to total equity (B3/A) (times) 10.03 9.34
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 1.77 -2.14

HABIB METROPOLITAN BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 13,462,244 16,149,648
1.Share capital 5,018,350 6,022,020
2.Reserves 6,383,936 7,039,936
3.Un appropriated profit 2,059,958 3,087,692
4.Others 55,948 (1,144,998)
B.Total liabilities(B1 to B4) 159,348,809 167,706,203
1.Bills payable 3,210,041 2,372,146
2.Borrowings from financial institutions 29,991,633 30,372,598
3.Deposits and other accounts 121,066,469 128,432,616
4.Other/misc. liabilities 5,080,666 6,528,843
C.Total assets (C1 to C4 + C8 to C10) 172,867,001 182,710,853
1.Cash and balances with treasury banks 10,201,545 11,401,384
2.Balances with other banks 3,691,183 2,974,237
3.Lending to financial institutions 3,989,249 98,176
4.Investments 61,735,796 53,631,532
5.Gross advances 91,044,061 110,391,364
6.Advances-non-performing/classified 804,247 1,747,599
7.Provision against advances 1,217,255 2,130,105
8.Advances net of provision (C5-C7) 89,826,806 108,261,259
9.Fixed assets 1,294,486 1,583,360
10.Other/misc. assets 2,127,936 4,760,905
D.Profit & loss account
1.Markup/interest earned 11,983,551 15,870,172
2.Markup/interest expensed 8,259,184 10,919,922
3.Net markup/interest income 3,724,367 4,950,250
4.Provisions and write-offs 442,160 1,249,820
5.Net markup/interest income after provisions 3,282,207 3,700,430
6.Non-markup/interest income 3,175,706 3,928,506
7.Non-markup/interest expenses 2,254,015 3,233,784
8.Administrative expenses 2,253,559 3,086,634
9.Profit/(loss) before taxation 4,203,898 4,740,110
10.Profit/(loss) after taxation 2,797,006 3,277,377
E.Other items
1.No. of ordinary shares (000) 501,835 602,202
2.Cash dividend 0.10 0.00
3.Stock dividend/bonus shares 0.09 0.25
4.Cash generated from operating activities 19,073,676 (6,265,387)
5.Commitments and contigencies 97,951,953 80,361,851
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.31 0.31
2.Net markup/interest margin (D1-D2)/C 0.02 0.03
3.Return on equity (ROE) (D10/A) 0.21 0.20
4.Return on assets (ROA) (D10/C) 0.02 0.02
5.Non-markup/interest income to total assets (D6/C) 0.02 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.02 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.69 0.69
8.Admin. expense to profit before tax. (D8/D9) (times) 0.54 0.65
9.Non-markup/interest expense to total income D7/(D1+D6) 0.15 0.16
10.Admin. expense to non-markup/interest income (D8/D6) (times) 0.71 0.79
11.Earning per share (D10/E1) 5.57 5.44
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.08 0.08
2.Investment to total assets (C4/C) 0.36 0.29
3.Advances net of provisions to total assets (C8/C) 0.52 0.59
4.Deposits to total assets (B3/C) 0.70 0.70
5.Total liabilities to total assets (B/C) 0.92 0.92
6.Gross advances to deposits (C5/B3) 0.75 0.86
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.60 0.70
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.01 0.02
2.Provisions against NPLs to gross advances (C7/C5) 0.01 0.02
3.NPLs to shareholders equity (C6/A) 0.06 0.11
4.NPLs write off to NPLs provisions (D4/C7) 0.36 0.59
5.Provision against NPL to NPLs (C7/C6) 1.51 1.22
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.08 0.09
2.Commitments & contingencies to total equity (E5/A) (times) 7.28 4.98
3.Break up value per share (A/E1) 26.83 26.82
4.Total deposit to total equity (B3/A) (times) 8.99 7.95
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 6.82 -1.91

JS BANK LTD.
Items 2007 2008
A.Total equity (A1 to A3) 5,141,351 5,784,628
1.Share capital 5,106,337 5,694,844
2.Reserves 7,086 18,040
3.Un appropriated profit 27,928 71,744
4.Others 52,456 (508,791)
B.Total liabilities(B1 to B4) 15,133,945 16,351,965
1.Bills payable 727,179 127,922
2.Borrowings from financial institutions 481,147 537,655
3.Deposits and other accounts 13,679,898 15,294,273
4.Other/misc. liabilities 245,721 392,115
C.Total assets (C1 to C4 + C8 to C10) 20,327,752 21,627,802
1.Cash and balances with treasury banks 977,235 1,285,247
2.Balances with other banks 254,079 672,271
3.Lending to financial institutions 3,601,211 1,405,210
4.Investments 6,109,536 5,138,709
5.Gross advances 6,593,635 9,810,093
6.Advances-non-performing/classified 143,604 455,504
7.Provision against advances 117,672 129,644
8.Advances net of provision (C5-C7) 6,475,963 9,680,449
9.Fixed assets 491,736 2,496,883
10.Other/misc. assets 2,417,992 949,033
D.Profit & loss account
1.Markup/interest earned 1,130,383 1,975,203
2.Markup/interest expensed 864,300 1,361,738
3.Net markup/interest income 266,083 613,465
4.Provisions and write-offs 9,727 11,218
5.Net markup/interest income after provisions 256,356 602,247
6.Non-markup/interest income 418,340 492,345
7.Non-markup/interest expenses 736,917 983,367
8.Administrative expenses 736,263 982,624
9.Profit/(loss) before taxation 97,625 111,225
10.Profit/(loss) after taxation 35,431 54,770
E.Other items
1.No. of ordinary shares (000) 510,634 569,484
2.Cash dividend 0.00 0.20
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (660,884) 403,176
5.Commitments and contigencies 3,853,683 1,260,563
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.24 0.31
2.Net markup/interest margin (D1-D2)/C 0.01 0.03
3.Return on equity (ROE) (D10/A) 0.01 0.01
4.Return on assets (ROA) (D10/C) 0.00 0.00
5.Non-markup/interest income to total assets (D6/C) 0.02 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.01 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.76 0.69
8.Admin. expense to profit before tax. (D8/D9) (times) 7.54 8.83
9.Non-markup/interest expense to total income D7/(D1+D6) 0.48 0.40
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.76 2.00
11.Earning per share (D10/E1) 0.07 0.10
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.06 0.09
2.Investment to total assets (C4/C) 0.30 0.24
3.Advances net of provisions to total assets (C8/C) 0.32 0.45
4.Deposits to total assets (B3/C) 0.67 0.71
5.Total liabilities to total assets (B/C) 0.74 0.76
6.Gross advances to deposits (C5/B3) 0.48 0.64
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.47 0.62
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.05
2.Provisions against NPLs to gross advances (C7/C5) 0.02 0.01
3.NPLs to shareholders equity (C6/A) 0.03 0.08
4.NPLs write off to NPLs provisions (D4/C7) 0.08 0.09
5.Provision against NPL to NPLs (C7/C6) 0.82 0.28
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.25 0.27
2.Commitments & contingencies to total equity (E5/A) (times) 0.75 0.22
3.Break up value per share (A/E1) 10.07 10.16
4.Total deposit to total equity (B3/A) (times) 2.66 2.64
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) -18.65 7.36
KASB BANK LIMITED
Items 2007 2008
A.Total equity (A1 to A3) 3,250,768 3,191,389
1.Share capital 3,106,978 4,014,890
2.Reserves 151,287 151,287
3.Un appropriated profit (7,497) (974,788)
4.Others 1,033,224 6,008,118
B.Total liabilities(B1 to B4) 36,606,580 42,599,591
1.Bills payable 879,152 217,520
2.Borrowings from financial institutions 1,745,807 6,300,622
3.Deposits and other accounts 33,131,773 35,087,477
4.Other/misc. liabilities 849,848 993,972
C.Total assets (C1 to C4 + C8 to C10) 40,890,572 51,799,098
1.Cash and balances with treasury banks 3,001,895 1,507,632
2.Balances with other banks 807,555 59,093
3.Lending to financial institutions 1,766,398 556,455
4.Investments 7,277,875 9,454,149
5.Gross advances 26,046,768 35,164,850
6.Advances-non-performing/classified 1,069,872 7,354,408
7.Provision against advances 903,615 2,924,654
8.Advances net of provision (C5-C7) 25,143,153 32,240,196
9.Fixed assets 1,094,748 2,909,213
10.Other/misc. assets 1,798,948 5,072,360
D.Profit & loss account
1.Markup/interest earned 2,917,344 4,861,400
2.Markup/interest expensed 2,285,381 4,448,440
3.Net markup/interest income 631,963 412,960
4.Provisions and write-offs 212,976 2,223,938
5.Net markup/interest income after provisions 418,987 (1,810,978)
6.Non-markup/interest income 821,479 615,591
7.Non-markup/interest expenses 1,174,904 1,787,364
8.Administrative expenses 1,153,736 1,759,032
9.Profit/(loss) before taxation 65,562 (1,849,199)
10.Profit/(loss) after taxation 197,693 (972,969)
E.Other items
1.No. of ordinary shares 310,698 401,489
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,200,499 (3,436,371)
5.Commitments and contigencies 10,375,250 14,966,219
F.Efficiency ratios/profitability ratios
1.Spread ratio (D3/D1) 0.22 0.08
2.Net markup/interest margin (D1-D2)/C 0.02 0.01
3.Return on equity (ROE) (D10/A) 0.06 -0.30
4.Return on assets (ROA) (D10/C) 0.00 -0.02
5.Non-markup/interest income to total assets (D6/C) 0.02 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.01 -0.04
7.Markup/interest expense to markup/interest income (D2/D1) 0.78 0.92
8.Admin. expense to profit before tax. (D8/D9) (times) 17.60 -0.95
9.Non-markup/interest expense to total income D7/(D1+D6) 0.31 0.33
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.40 2.86
11.Earning per share (D10/E1) 0.64 -2.42
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.09 0.03
2.Investment to total assets (C4/C) 0.18 0.18
3.Advances net of provisions to total assets (C8/C) 0.61 0.62
4.Deposits to total assets (B3/C) 0.81 0.68
5.Total liabilities to total assets (B/C) 0.90 0.82
6.Gross advances to deposits (C5/B3) 0.79 1.00
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.75 0.85
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.04 0.21
2.Provisions against NPLs to gross advances (C7/C5) 0.03 0.08
3.NPLs to shareholders equity (C6/A) 0.33 2.30
4.NPLs write off to NPLs provisions (D4/C7) 0.24 0.76
5.Provision against NPL to NPLs (C7/C6) 0.84 0.40
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.08 0.06
2.Commitments & contingencies to total equity (E5/A) (times) 3.19 4.69
3.Break up value per share (A/E1) 10.46 7.95
4.Total deposit to total equity (B3/A) (times) 10.19 10.99
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 6.07 3.53

MCB BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 45,414,156 52,244,865
1.Share capital 6,282,768 6,282,768
2.Reserves 34,000,638 36,768,765
3.Un appropriated profit 5,130,750 9,193,332
4.Others 9,705,519 6,191,189
B.Total liabilities(B1 to B4) 355,365,842 385,179,850
1.Bills payable 10,479,058 10,551,468
2.Borrowings from financial institutions 39,406,831 22,663,840
3.Deposits and other accounts 292,098,066 330,181,624
4.Other/misc. liabilities 13,381,887 21,782,918
C.Total assets (C1 to C4 + C8 to C10) 410,485,517 443,615,904
1.Cash and balances with treasury banks 39,683,883 39,631,172
2.Balances with other banks 3,807,519 4,043,100
3.Lending to financial institutions 1,051,372 4,100,079
4.Investments 113,089,261 96,631,874
5.Gross advances 229,732,772 272,847,325
6.Advances-non-performing/classified 10,725,308 56,462
7.Provision against advances 10,772,174 10,711,855
8.Advances net of provision (C5-C7) 218,960,598 262,135,470
9.Fixed assets 16,024,123 17,263,733
10.Other/misc. assets 17,868,761 19,810,476
D.Profit & loss account
1.Markup/interest earned 31,786,595 40,043,824
2.Markup/interest expensed 7,865,533 11,560,740
3.Net markup/interest income 23,921,062 28,483,084
4.Provisions and write-offs 3,065,051 4,019,121
5.Net markup/interest income after provisions 20,856,011 24,463,963
6.Non-markup/interest income 6,011,291 5,791,440
7.Non-markup/interest expenses 5,559,267 8,387,837
8.Administrative expenses 5,022,416 7,546,878
9.Profit/(loss) before taxation 21,308,035 21,867,566
10.Profit/(loss) after taxation 15,265,562 15,374,600
E.Other items
1.No. of ordinary shares (000) 628,277 628,276
2.Cash dividend 0.13 1.15
3.Stock dividend/bonus shares 0.00 0.10
4.Cash generated from operating activities 61,899,299 2,031,538
5.Commitments and contigencies 213,317,107 392,959,678
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.75 0.71
2.Net markup/interest margin (D1-D2)/C 0.06 0.06
3.Return on equity (ROE) (D10/A) 0.34 0.29
4.Return on assets (ROA) (D10/C) 0.04 0.03
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.05 0.06
7.Markup/interest expense to markup/interest income (D2/D1) 0.25 0.29
8.Admin. expense to profit before tax. (D8/D9) (times) 0.24 0.35
9.Non-markup/interest expense to total income D7/(D1+D6) 0.15 0.18
10.Admin. expense to non-markup/interest income (D8/D6) (times) 0.84 1.30
11.Earning per share (D10/E1) 24.30 24.47
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.11 0.10
2.Investment to total assets (C4/C) 0.28 0.22
3.Advances net of provisions to total assets (C8/C) 0.53 0.59
4.Deposits to total assets (B3/C) 0.71 0.74
5.Total liabilities to total assets (B/C) 0.87 0.87
6.Gross advances to deposits (C5/B3) 0.79 0.83
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.69 0.77
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.05 0.00
2.Provisions against NPLs to gross advances (C7/C5) 0.05 0.04
3.NPLs to shareholders equity (C6/A) 0.24 0.00
4.NPLs write off to NPLs provisions (D4/C7) 0.28 0.38
5.Provision against NPL to NPLs (C7/C6) 1.00 189.72
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.11 0.12
2.Commitments & contingencies to total equity (E5/A) (times) 4.70 7.52
3.Break up value per share (A/E1) 72.28 83.16
4.Total deposit to total equity (B3/A) (times) 6.43 6.32
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 4.05 0.13

MCB ISLAMIC BANK LTD

Items Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/interest income(after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provisions against NPLs to gross advances (C7/C5)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)

MEEZAN BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 5,719,910 6,341,097
1.Share capital 3,779,897 4,925,961
2.Reserves 720,785 845,022
3.Un appropriated profit 1,219,228 570,114
4.Others (13,254) (366,119)
B.Total liabilities(B1 to B4) 61,471,903 79,301,092
1.Bills payable 1,192,160 1,057,017
2.Borrowings from financial institutions 2,415,606 4,008,496
3.Deposits and other accounts 54,582,353 70,233,875
4.Other/misc. liabilities 3,281,784 4,001,704
C.Total assets (C1 to C4 + C8 to C10) 67,178,559 85,276,070
1.Cash and balances with treasury banks 5,644,028 5,763,710
2.Balances with other banks 3,729,549 1,344,974
3.Lending to financial institutions 8,850,000 18,108,000
4.Investments 10,535,186 14,526,699
5.Gross advances 35,249,612 40,626,920
6.Advances-non-performing/classified 553,339 3,649,163
7.Provision against advances 673,273 1,098,189
8.Advances net of provision (C5-C7) 34,576,339 39,528,731
9.Fixed assets 1,032,963 1,880,515
10.Other/misc. assets 2,810,494 4,123,441
D.Profit & loss account
1.Markup/interest earned 4,573,752 6,803,213
2.Markup/interest expensed 2,451,968 3,088,334
3.Net markup/interest income 2,121,784 3,714,879
4.Provisions and write-offs 435,896 717,320
5.Net markup/interest income after provisions 1,685,888 2,997,559
6.Non-markup/interest income 1,347,893 707,908
7.Non-markup/interest expenses 1,764,593 2,713,156
8.Administrative expenses 1,755,761 2,626,606
9.Profit/(loss) before taxation 1,269,188 992,311
10.Profit/(loss) after taxation 963,501 621,187
E.Other items
1.No. of ordinary shares (000) 377,990 492,596
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.20 0.09
4.Cash generated from operating activities 7,465,000 3,320,190
5.Commitments and contigencies 56,113,028 56,411,095
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.46 0.55
2.Net markup/interest margin (D1-D2)/C 0.03 0.04
3.Return on equity (ROE) (D10/A) 0.17 0.10
4.Return on assets (ROA) (D10/C) 0.01 0.01
5.Non-markup/interest income to total assets (D6/C) 0.02 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.04
7.Markup/interest expense to markup/interest income (D2/D1) 0.54 0.45
8.Admin. expense to profit before tax. (D8/D9) (times) 1.38 2.65
9.Non-markup/interest expense to total income D7/(D1+D6) 0.30 0.36
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.30 3.71
11.Earning per share (D10/E1) 2.55 1.26
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.14 0.08
2.Investment to total assets (C4/C) 0.16 0.17
3.Advances net of provisions to total assets (C8/C) 0.51 0.46
4.Deposits to total assets (B3/C) 0.81 0.82
5.Total liabilities to total assets (B/C) 0.92 0.93
6.Gross advances to deposits (C5/B3) 0.65 0.58
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.62 0.55
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.09
2.Provisions against NPLs to gross advances (C7/C5) 0.02 0.03
3.NPLs to shareholders equity (C6/A) 0.10 0.58
4.NPLs write off to NPLs provisions (D4/C7) 0.65 0.65
5.Provision against NPL to NPLs (C7/C6) 1.22 0.30
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.09 0.07
2.Commitments & contingencies to total equity (E5/A) (times) 9.81 8.90
3.Break up value per share (A/E1) 15.13 12.87
4.Total deposit to total equity (B3/A) (times) 9.54 11.08
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 7.75 5.34

NIB BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 22,594,386 29,006,672
1.Share capital 22,017,968 28,437,271
2.Reserves 719,810 8,326,684
3.Un appropriated profit (143,392) (7,757,283)
4.Others 13,997,648 10,691,836
B.Total liabilities(B1 to B4) 140,061,370 139,210,607
1.Bills payable 2,110,211 1,432,084
2.Borrowings from financial institutions 16,669,412 23,651,366
3.Deposits and other accounts 116,671,219 104,586,167
4.Other/misc. liabilities 4,610,528 9,540,990
C.Total assets (C1 to C4 + C8 to C10) 176,653,404 178,909,115
1.Cash and balances with treasury banks 10,318,722 9,355,104
2.Balances with other banks 1,401,796 793,843
3.Lending to financial institutions 4,753,113 12,459,621
4.Investments 40,498,840 35,176,823
5.Gross advances 92,586,336 97,322,481
6.Advances-non-performing/classified 13,252,316 16,715,515
7.Provision against advances 10,426,262 16,978,288
8.Advances net of provision (C5-C7) 82,160,074 80,344,193
9.Fixed assets 30,800,135 3,702,426
10.Other/misc. assets 6,720,724 37,077,105
D.Profit & loss account
1.Markup/interest earned 6,999,888 15,201,691
2.Markup/interest expensed 4,995,955 10,799,816
3.Net markup/interest income 2,003,933 4,401,875
4.Provisions and write-offs 1,494,801 9,657,400
5.Net markup/interest income after provisions 509,132 (5,255,525)
6.Non-markup/interest income 598,771 2,421,876
7.Non-markup/interest expenses 2,006,961 8,164,241
8.Administrative expenses 2,002,159 6,433,122
9.Profit/(loss) before taxation (571,207) (1,099,789)
10.Profit/(loss) after taxation (350,557) (7,474,679)
E.Other items
1.No. of ordinary shares (000) 2,201,797 2,843,727
2.Cash dividend 0.00 0.42
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 7,989,545 21,302,169
5.Commitments and contigencies 55,864,113 93,144,827
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.29 0.29
2.Net markup/interest margin (D1-D2)/C 0.01 0.02
3.Return on equity (ROE) (D10/A) -0.02 -0.26
4.Return on assets (ROA) (D10/C) 0.00 -0.04
5.Non-markup/interest income to total assets (D6/C) 0.00 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.00 -0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.71 0.71
8.Admin. expense to profit before tax. (D8/D9) (times) -3.51 -5.85
9.Non-markup/interest expense to total income D7/(D1+D6) 0.26 0.46
10.Admin. expense to non-markup/interest income (D8/D6) (times) 3.34 2.66
11.Earning per share (D10/E1) -0.16 -2.63
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.07 0.06
2.Investment to total assets (C4/C) 0.23 0.20
3.Advances net of provisions to total assets (C8/C) 0.47 0.45
4.Deposits to total assets (B3/C) 0.66 0.58
5.Total liabilities to total assets (B/C) 0.79 0.78
6.Gross advances to deposits (C5/B3) 0.79 0.93
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.69 0.76
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.14 0.17
2.Provisions against NPLs to gross advances (C7/C5) 0.11 0.17
3.NPLs to shareholders equity (C6/A) 0.59 0.58
4.NPLs write off to NPLs provisions (D4/C7) 0.14 0.57
5.Provision against NPL to NPLs (C7/C6) 0.79 1.02
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.13 0.16
2.Commitments & contingencies to total equity (E5/A) (times) 2.47 3.21
3.Break up value per share (A/E1) 10.26 10.20
4.Total deposit to total equity (B3/A) (times) 5.16 3.61
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -22.79 -2.85

SAMBA BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 6,218,641 5,476,330
1.Share capital 8,769,517 8,769,517
2.Reserves 43,080 43,080
3.Un appropriated profit (2,593,956) (3,336,267)
4.Others (16,483) (14,176)
B.Total liabilities(B1 to B4) 14,453,144 11,025,182
1.Bills payable 1,056,878 55,349
2.Borrowings from financial institutions 182,611 437,949
3.Deposits and other accounts 12,644,938 9,859,537
4.Other/misc. liabilities 568,717 672,347
C.Total assets (C1 to C4 + C8 to C10) 20,655,302 16,487,336
1.Cash and balances with treasury banks 1,003,611 774,575
2.Balances with other banks 63,348 331,201
3.Lending to financial institutions 8,565,836 2,313,308
4.Investments 3,947,925 3,829,354
5.Gross advances 7,105,438 8,605,889
6.Advances-non-performing/classified 2,410,997 1,961,143
7.Provision against advances 2,412,325 2,442,881
8.Advances net of provision (C5-C7) 4,693,113 6,163,008
9.Fixed assets 854,292 1,157,689
10.Other/misc. assets 1,527,177 1,918,201
D.Profit & loss account
1.Markup/interest earned 1,182,921 1,758,004
2.Markup/interest expensed 837,869 1,071,307
3.Net markup/interest income 345,052 686,697
4.Provisions and write-offs 924,777 312,528
5.Net markup/interest income after provisions (579,725) 374,169
6.Non-markup/interest income 128,432 125,429
7.Non-markup/interest expenses 921,386 1,511,039
8.Administrative expenses 891,889 1,461,077
9.Profit/(loss) before taxation (1,372,679) (1,011,441)
10.Profit/(loss) after taxation (1,322,892) (742,311)
E.Other items
1.No. of ordinary shares (000) 876,952 876,952
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (3,934,986) 4,073,848
5.Commitments and contigencies 2,089,651 30,569,856
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.29 0.39
2.Net markup/interest margin (D1-D2)/C 0.02 0.04
3.Return on equity (ROE) (D10/A) -0.21 -0.14
4.Return on assets (ROA) (D10/C) -0.06 -0.05
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) -0.03 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.71 0.61
8.Admin. expense to profit before tax. (D8/D9) (times) -0.65 -1.44
9.Non-markup/interest expense to total income D7/(D1+D6) 0.70 0.80
10.Admin. expense to non-markup/interest income (D8/D6) (times) 6.94 11.65
11.Earning per share (D10/E1) -1.51 -0.85
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.05 0.07
2.Investment to total assets (C4/C) 0.19 0.23
3.Advances net of provisions to total assets (C8/C) 0.23 0.37
4.Deposits to total assets (B3/C) 0.61 0.60
5.Total liabilities to total assets (B/C) 0.70 0.67
6.Gross advances to deposits (C5/B3) 0.56 0.87
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.55 0.84
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.34 0.23
2.Provisions against NPLs to gross advances (C7/C5) 0.34 0.28
3.NPLs to shareholders equity (C6/A) 0.39 0.36
4.NPLs write off to NPLs provisions (D4/C7) 0.38 0.13
5.Provision against NPL to NPLs (C7/C6) 1.00 1.25
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.30 0.33
2.Commitments & contingencies to total equity (E5/A) (times) 0.34 5.58
3.Break up value per share (A/E1) 7.09 6.24
4.Total deposit to total equity (B3/A) (times) 2.03 1.80
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 2.97 -5.49

SILKBANK LIMITED
Items 2007 2008
A.Total equity (A1 to A3) 1,100,769 3,089,997
1.Share capital 5,001,750 9,003,150
2.Reserves 218,556 218,556
3.Un appropriated profit (4,119,537) (6,131,709)
4.Others 1,079,670 1,301,363
B.Total liabilities(B1 to B4) 51,480,161 51,253,908
1.Bills payable 570,756 431,537
2.Borrowings from financial institutions 6,880,449 8,738,616
3.Deposits and other accounts 42,373,710 41,056,630
4.Other/misc. liabilities 1,655,246 1,027,125
C.Total assets (C1 to C4 + C8 to C10) 53,660,600 55,645,268
1.Cash and balances with treasury banks 3,223,780 3,070,067
2.Balances with other banks 128,991 190,197
3.Lending to financial institutions 839,959 1,376,651
4.Investments 17,859,169 12,012,233
5.Gross advances 31,415,818 38,187,392
6.Advances-non-performing/classified 6,136,018 12,845,225
7.Provision against advances 5,540,846 7,100,019
8.Advances net of provision (C5-C7) 25,874,972 31,087,373
9.Fixed assets 2,367,883 3,002,450
10.Other/misc. assets 3,365,846 4,906,297
D.Profit & loss account
1.Markup/interest earned 4,799,853 4,588,299
2.Markup/interest expensed 4,440,116 4,218,901
3.Net markup/interest income 359,737 369,398
4.Provisions and write-offs 3,132,444 1,642,093
5.Net markup/interest income after provisions (2,772,707) (1,272,695)
6.Non-markup/interest income 776,825 384,510
7.Non-markup/interest expenses 1,324,383 1,946,070
8.Administrative expenses 1,270,317 1,935,732
9.Profit/(loss) before taxation (3,320,265) (2,834,255)
10.Profit/(loss) after taxation (3,040,907) (2,014,268)
E.Other items
1.No. of ordinary shares (000) 500,175 900,315
2.Cash dividend 0.00 0.80
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (2,009,657) (7,387,980)
5.Commitments and contigencies 15,144,301 13,208,986
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.07 0.08
2.Net markup/interest margin (D1-D2)/C 0.01 0.01
3.Return on equity (ROE) (D10/A) -2.76 -0.65
4.Return on assets (ROA) (D10/C) -0.06 -0.04
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) -0.05 -0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.93 0.92
8.Admin. expense to profit before tax. (D8/D9) (times) -0.38 -0.68
9.Non-markup/interest expense to total income D7/(D1+D6) 0.24 0.39
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.64 5.03
11.Earning per share (D10/E1) -6.08 -2.24
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.06 0.06
2.Investment to total assets (C4/C) 0.33 0.22
3.Advances net of provisions to total assets (C8/C) 0.48 0.56
4.Deposits to total assets (B3/C) 0.79 0.74
5.Total liabilities to total assets (B/C) 0.96 0.92
6.Gross advances to deposits (C5/B3) 0.74 0.93
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.64 0.77
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.20 0.34
2.Provisions against NPLs to gross advances (C7/C5) 0.18 0.19
3.NPLs to shareholders equity (C6/A) 5.57 4.16
4.NPLs write off to NPLs provisions (D4/C7) 0.57 0.23
5.Provision against NPL to NPLs (C7/C6) 0.90 0.55
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.02 0.06
2.Commitments & contingencies to total equity (E5/A) (times) 13.76 4.27
3.Break up value per share (A/E1) 2.20 3.43
4.Total deposit to total equity (B3/A) (times) 38.49 13.29
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 0.66 3.67

SONERI BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 6,229,666 6,965,749
1.Share capital 4,114,222 4,114,222
2.Reserves 1,876,669 2,016,877
3.Un appropriated profit 238,775 834,650
4.Others 380,813 147,298
B.Total liabilities(B1 to B4) 70,243,581 73,864,207
1.Bills payable 1,640,514 1,254,496
2.Borrowings from financial institutions 5,865,471 8,441,454
3.Deposits and other accounts 60,150,128 61,634,491
4.Other/misc. liabilities 2,587,468 2,533,766
C.Total assets (C1 to C4 + C8 to C10) 76,854,060 80,977,254
1.Cash and balances with treasury banks 5,861,205 5,646,755
2.Balances with other banks 4,349,673 3,908,859
3.Lending to financial institutions 3,175,009 3,990,269
4.Investments 19,181,562 14,053,177
5.Gross advances 40,805,224 49,464,962
6.Advances-non-performing/classified 1,277,490 5,002,417
7.Provision against advances 650,775 1,889,598
8.Advances net of provision (C5-C7) 40,154,449 47,575,364
9.Fixed assets 2,150,955 3,126,857
10.Other/misc. assets 1,981,207 2,675,973
D.Profit & loss account
1.Markup/interest earned 6,271,636 7,822,941
2.Markup/interest expensed 4,334,358 4,878,347
3.Net markup/interest income 1,937,281 2,944,594
4.Provisions and write-offs 234,815 1,265,942
5.Net markup/interest income after provisions 1,702,466 1,678,652
6.Non-markup/interest income 1,067,664 1,226,206
7.Non-markup/interest expenses 1,293,445 1,951,625
8.Administrative expenses 1,278,974 1,673,590
9.Profit/(loss) before taxation 1,476,685 953,233
10.Profit/(loss) after taxation 1,000,334 701,041
E.Other items
1.No. of ordinary shares (000) 411,422 411,422
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.20 0.22
4.Cash generated from operating activities 892,813 4,500,148
5.Commitments and contigencies 44,250,847 30,104,153
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.31 0.38
2.Net markup/interest margin (D1-D2)/C 0.03 0.04
3.Return on equity (ROE) (D10/A) 0.16 0.10
4.Return on assets (ROA) (D10/C) 0.01 0.01
5.Non-markup/interest income to total assets (D6/C) 0.01 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.02 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.69 0.62
8.Admin. expense to profit before tax. (D8/D9) (times) 0.87 1.76
9.Non-markup/interest expense to total income D7/(D1+D6) 0.18 0.22
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.20 1.36
11.Earning per share (D10/E1) 2.43 1.70
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.13 0.12
2.Investment to total assets (C4/C) 0.25 0.17
3.Advances net of provisions to total assets (C8/C) 0.52 0.59
4.Deposits to total assets (B3/C) 0.78 0.76
5.Total liabilities to total assets (B/C) 0.91 0.91
6.Gross advances to deposits (C5/B3) 0.68 0.80
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.62 0.71
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.03 0.10
2.Provisions against NPLs to gross advances (C7/C5) 0.02 0.04
3.NPLs to shareholders equity (C6/A) 0.21 0.72
4.NPLs write off to NPLs provisions (D4/C7) 0.36 0.67
5.Provision against NPL to NPLs (C7/C6) 0.51 0.38
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.08 0.09
2.Commitments & contingencies to total equity (E5/A) (times) 7.10 4.32
3.Break up value per share (A/E1) 15.14 16.93
4.Total deposit to total equity (B3/A) (times) 9.66 8.85
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 0.89 6.42

STANDARD CHARTERED BANK (PAKISTAN) LTD.

Items 2007 2008
A.Total equity (A1 to A3) 43,340,575 44,010,120
1.Share capital 38,715,850 38,715,850
2.Reserves 1,653,044 1,812,492
3.Un appropriated profit 2,971,681 3,481,778
4.Others (274,265) (1,252,980)
B.Total liabilities(B1 to B4) 212,478,904 221,860,038
1.Bills payable 6,637,388 4,296,420
2.Borrowings from financial institutions 6,616,065 8,695,730
3.Deposits and other accounts 177,161,630 174,551,801
4.Other/misc. liabilities 22,063,821 34,316,087
C.Total assets (C1 to C4 + C8 to C10) 255,545,214 264,617,178
1.Cash and balances with treasury banks 26,295,860 22,741,035
2.Balances with other banks 1,628,280 1,261,582
3.Lending to financial institutions 15,225,935 31,466,898
4.Investments 40,696,466 29,586,663
5.Gross advances 131,085,549 137,716,271
6.Advances-non-performing/classified 10,493,345 16,534,389
7.Provision against advances 11,548,534 12,114,806
8.Advances net of provision (C5-C7) 119,537,015 125,601,465
9.Fixed assets 3,734,139 3,886,275
10.Other/misc. assets 48,427,519 50,073,260
D.Profit & loss account
1.Markup/interest earned 22,530,080 23,307,442
2.Markup/interest expensed 6,338,119 6,888,900
3.Net markup/interest income 16,191,961 16,418,542
4.Provisions and write-offs 6,052,957 9,316,038
5.Net markup/interest income after provisions 10,139,004 7,102,504
6.Non-markup/interest income 6,112,711 6,611,470
7.Non-markup/interest expenses 12,160,481 12,620,994
8.Administrative expenses 12,081,963 12,424,711
9.Profit/(loss) before taxation 4,091,234 1,092,980
10.Profit/(loss) after taxation 2,764,069 677,132
E.Other items
1.No. of ordinary shares (000) 3,971,585 3,871,585
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 9,247,515 (12,894,580)
5.Commitments and contigencies 183,669,089 121,947,090
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.72 0.70
2.Net markup/interest margin (D1-D2)/C 0.06 0.06
3.Return on equity (ROE) (D10/A) 0.06 0.02
4.Return on assets (ROA) (D10/C) 0.01 0.00
5.Non-markup/interest income to total assets (D6/C) 0.02 0.03
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.04 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.28 0.30
8.Admin. expense to profit before tax. (D8/D9) (times) 2.95 11.37
9.Non-markup/interest expense to total income D7/(D1+D6) 0.42 0.42
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.98 1.88
11.Earning per share (D10/E1) 0.70 0.17
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.11 0.09
2.Investment to total assets (C4/C) 0.16 0.11
3.Advances net of provisions to total assets (C8/C) 0.47 0.47
4.Deposits to total assets (B3/C) 0.69 0.66
5.Total liabilities to total assets (B/C) 0.83 0.84
6.Gross advances to deposits (C5/B3) 0.74 0.79
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.71 0.75
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.08 0.12
2.Provisions against NPLs to gross advances (C7/C5) 0.09 0.09
3.NPLs to shareholders equity (C6/A) 0.24 0.38
4.NPLs write off to NPLs provisions (D4/C7) 0.52 0.77
5.Provision against NPL to NPLs (C7/C6) 1.10 0.73
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.17 0.17
2.Commitments & contingencies to total equity (E5/A) (times) 4.24 2.77
3.Break up value per share (A/E1) 10.91 11.37
4.Total deposit to total equity (B3/A) (times) 4.09 3.97
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 3.35 -19.04

SUMMIT BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 6,324,139 6,132,731
1.Share capital 4,500,000 5,000,000
2.Reserves 1,631,395 1,314,828
3.Un appropriated profit 192,744 (182,097)
4.Others (22,563) (312,611)
B.Total liabilities(B1 to B4) 11,819,210 18,982,697
1.Bills payable 384,179 75,963
2.Borrowings from financial institutions 1,748,603 1,869,940
3.Deposits and other accounts 9,464,785 16,616,466
4.Other/misc. liabilities 221,643 420,328
C.Total assets (C1 to C4 + C8 to C10) 18,120,786 24,802,817
1.Cash and balances with treasury banks 753,845 1,349,649
2.Balances with other banks 52,551 65,580
3.Lending to financial institutions 2,855,582 200,000
4.Investments 5,408,425 5,094,613
5.Gross advances 8,157,709 16,510,341
6.Advances-non-performing/classified 128,461 751,663
7.Provision against advances 128,461 751,663
8.Advances net of provision (C5-C7) 8,029,248 15,758,678
9.Fixed assets 597,515 927,882
10.Other/misc. assets 423,620 1,406,415
D.Profit & loss account
1.Markup/interest earned 617,854 2,471,982
2.Markup/interest expensed 252,338 1,585,875
3.Net markup/interest income 365,516 886,107
4.Provisions and write-offs 0 623,202
5.Net markup/interest income after provisions 365,516 262,905
6.Non-markup/interest income 345,904 166,780
7.Non-markup/interest expenses 384,502 776,959
8.Administrative expenses 383,529 774,742
9.Profit/(loss) before taxation 326,918 (347,274)
10.Profit/(loss) after taxation 230,165 (191,408)
E.Other items
1.No. of ordinary shares (000) 450,000 500,000
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 768,996 1,156,154
5.Commitments and contigencies 2,387,362 25,857,630
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.59 0.36
2.Net markup/interest margin (D1-D2)/C 0.02 0.04
3.Return on equity (ROE) (D10/A) 0.04 -0.03
4.Return on assets (ROA) (D10/C) 0.01 -0.01
5.Non-markup/interest income to total assets (D6/C) 0.02 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.02 0.01
7.Markup/interest expense to markup/interest income (D2/D1) 0.41 0.64
8.Admin. expense to profit before tax. (D8/D9) (times) 1.17 -2.23
9.Non-markup/interest expense to total income D7/(D1+D6) 0.40 0.29
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.11 4.65
11.Earning per share (D10/E1) 0.51 -0.38
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.04 0.06
2.Investment to total assets (C4/C) 0.30 0.21
3.Advances net of provisions to total assets (C8/C) 0.44 0.64
4.Deposits to total assets (B3/C) 0.52 0.67
5.Total liabilities to total assets (B/C) 0.65 0.77
6.Gross advances to deposits (C5/B3) 0.86 0.99
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.73 0.89
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.05
2.Provisions against NPLs to gross advances (C7/C5) 0.02 0.05
3.NPLs to shareholders equity (C6/A) 0.02 0.12
4.NPLs write off to NPLs provisions (D4/C7) 0.00 0.83
5.Provision against NPL to NPLs (C7/C6) 1.00 1.00
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.35 0.25
2.Commitments & contingencies to total equity (E5/A) (times) 0.38 4.22
3.Break up value per share (A/E1) 14.05 12.27
4.Total deposit to total equity (B3/A) (times) 1.50 2.71
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 3.34 -6.04

UNITED BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 34,009,411 45,076,576
1.Share capital 8,093,750 10,117,188
2.Reserves 10,261,958 17,256,061
3.Un appropriated profit 15,653,703 17,703,327
4.Others 8,411,993 4,319,088
B.Total liabilities(B1 to B4) 487,862,552 571,311,725
1.Bills payable 6,079,341 5,210,870
2.Borrowings from financial institutions 59,103,350 44,749,690
3.Deposits and other accounts 401,637,816 492,267,898
4.Other/misc. liabilities 21,042,045 29,083,267
C.Total assets (C1 to C4 + C8 to C10) 530,283,956 620,707,389
1.Cash and balances with treasury banks 57,526,451 50,143,570
2.Balances with other banks 4,191,128 14,540,306
3.Lending to financial institutions 24,781,723 22,805,341
4.Investments 115,585,646 115,057,090
5.Gross advances 294,725,035 397,736,446
6.Advances-non-performing/classified 22,012,411 28,552,722
7.Provision against advances 1,352,028 19,791,080
8.Advances net of provision (C5-C7) 293,373,007 377,945,366
9.Fixed assets 16,918,844 19,926,915
10.Other/misc. assets 17,907,157 20,288,801
D.Profit & loss account
1.Markup/interest earned 41,045,543 52,763,249
2.Markup/interest expensed 16,936,187 24,247,281
3.Net markup/interest income 24,109,356 28,515,968
4.Provisions and write-offs 6,422,046 7,753,688
5.Net markup/interest income after provisions 17,687,310 20,762,280
6.Non-markup/interest income 8,992,351 11,199,152
7.Non-markup/interest expenses 13,674,688 17,780,935
8.Administrative expenses 13,420,977 16,679,968
9.Profit/(loss) before taxation 13,004,973 14,052,051
10.Profit/(loss) after taxation 12,429,853 8,445,251
E.Other items
1.No. of ordinary shares (000) 809,375 1,011,718
2.Cash dividend 0.30 0.25
3.Stock dividend/bonus shares 0.25 0.10
4.Cash generated from operating activities 49,886,356 1,025,033
5.Commitments and contigencies 423,297,850 48,668,314
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.59 0.54
2.Net markup/interest margin (D1-D2)/C 0.05 0.05
3.Return on equity (ROE) (D10/A) 0.37 0.19
4.Return on assets (ROA) (D10/C) 0.02 0.01
5.Non-markup/interest income to total assets (D6/C) 0.02 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.41 0.46
8.Admin. expense to profit before tax. (D8/D9) (times) 1.03 1.19
9.Non-markup/interest expense to total income D7/(D1+D6) 0.27 0.28
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.49 1.49
11.Earning per share (D10/E1) 15.36 8.35
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.12 0.10
2.Investment to total assets (C4/C) 0.22 0.19
3.Advances net of provisions to total assets (C8/C) 0.55 0.61
4.Deposits to total assets (B3/C) 0.76 0.79
5.Total liabilities to total assets (B/C) 0.92 0.92
6.Gross advances to deposits (C5/B3) 0.73 0.81
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.64 0.74
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.07 0.07
2.Provisions against NPLs to gross advances (C7/C5) 0.00 0.05
3.NPLs to shareholders equity (C6/A) 0.65 0.63
4.NPLs write off to NPLs provisions (D4/C7) 4.75 0.39
5.Provision against NPL to NPLs (C7/C6) 0.06 0.69
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.06 0.07
2.Commitments & contingencies to total equity (E5/A) (times) 12.45 1.08
3.Break up value per share (A/E1) 42.02 44.55
4.Total deposit to total equity (B3/A) (times) 11.81 10.92
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 4.01 0.12

Specialized Banks - Overall

Items 2007 2008
A.Total equity (A1 to A3) (9,964,857) (7,631,049)
1.Share capital 14,849,470 15,506,103
2.Reserves 1,886,642 2,438,371
3.Un appropriated profit (26,700,969) (25,575,523)
4.Others 3,045,550 3,494,010
B.Total liabilities(B1 to B4) 133,987,153 134,345,948
1.Bills payable 497,582 755,721
2.Borrowings from financial institutions 87,339,121 83,318,134
3.Deposits and other accounts 14,320,029 13,883,492
4.Other/misc. liabilities 31,830,421 36,388,601
C.Total assets (C1 to C4 + C8 to C10) 127,067,846 130,208,909
1.Cash and balances with treasury banks 3,363,036 2,840,235
2.Balances with other banks 17,720,977 18,315,949
3.Lending to financial institutions 1,883,944 700,000
4.Investments 15,826,210 12,046,115
5.Gross advances 94,973,890 101,188,798
6.Advances-non-performing/classified 31,305,432 22,710,747
7.Provision against advances 22,332,219 21,074,895
8.Advances net of provision (C5-C7) 72,641,671 80,113,903
9.Fixed assets 3,710,874 5,106,662
10.Other/misc. assets 11,921,134 11,086,045
D.Profit & loss account
1.Markup/interest earned 9,690,208 10,686,103
2.Markup/interest expensed 4,994,988 5,110,072
3.Net markup/interest income 4,695,220 5,576,031
4.Provisions and write-offs 4,569,978 1,333,576
5.Net markup/interest income after provisions 1,199,164 3,031,251
6.Non-markup/interest income 6,257,647 6,363,253
7.Non-markup/interest expenses 5,740,669 6,819,291
8.Administrative expenses 5,842,387 5,844,945
9.Profit/(loss) before taxation 1,575,373 4,161,233
10.Profit/(loss) after taxation 883,295 2,322,667
E.Other items
1.No. of ordinary shares (000) 1,432,084 1,511,536
2.Cash dividend N/A N/A
3.Stock dividend/bonus shares N/A N/A
4.Cash generated from operating activities 4,550,941 (2,141,072)
5.Commitments and contigencies 10,453,817 23,033,910
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.48 0.52
2.Net markup/interest margin (D1-D2)/C 0.04 0.04
3.Return on equity (ROE) (D10/A) -0.09 -0.30
4.Return on assets (ROA) (D10/C) 0.01 0.02
5.Non-markup/interest income to total assets (D6/C) 0.05 0.05
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.01 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.52 0.48
8.Admin. expense to profit before tax. (D8/D9) (times) 3.71 1.40
9.Non-markup/interest expense to total income D7/(D1+D6) 0.36 0.40
10.Admin. expense to non-markup/interest income (D8/D6) (times) 0.93 0.92
11.Earning per share (D10/E1) 0.62 1.54
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.17 0.16
2.Investment to total assets (C4/C) 0.12 0.09
3.Advances net of provisions to total assets (C8/C) 0.57 0.62
4.Deposits to total assets (B3/C) 0.11 0.11
5.Total liabilities to total assets (B/C) 1.05 1.03
6.Gross advances to deposits (C5/B3) 6.63 7.29
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.93 1.04
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.33 0.22
2.Provisions against NPLs to gross advances (C7/C5) 0.24 0.21
3.NPLs to shareholders equity (C6/A) -3.14 -2.98
4.NPLs write off to NPLs provisions (D4/C7) 0.20 0.06
5.Provision against NPL to NPLs (C7/C6) 0.71 0.93
I.Capital /leverage ratios
1.Capital ratio (A/C) -0.08 -0.06
2.Commitments & contingencies to total equity (E5/A) (times) -1.05 -3.02
3.Break up value per share (A/E1) -6.96 -5.05
4.Total deposit to total equity (B3/A) (times) -1.44 -1.82
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 5.15 -0.92

INDUSTRIAL DEVELOPMENT BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) (28,071,247) (27,942,705)
1.Share capital 157,000 157,000
2.Reserves 750,548 750,548
3.Un appropriated profit (28,978,795) (28,850,253)
4.Others (48,313) (252,683)
B.Total liabilities(B1 to B4) 37,544,275 35,440,978
1.Bills payable 24,761 29,471
2.Borrowings from financial institutions 22,681,908 22,542,821
3.Deposits and other accounts 6,110,553 4,637,119
4.Other/misc. liabilities 8,727,053 8,231,567
C.Total assets (C1 to C4 + C8 to C10) 9,424,715 7,245,590
1.Cash and balances with treasury banks 257,632 212,428
2.Balances with other banks 26,918 30,513
3.Lending to financial institutions 1,625,000 600,000
4.Investments 4,705,838 4,036,610
5.Gross advances 7,217,511 6,492,401
6.Advances-non-performing/classified 5,636,648 0
7.Provision against advances 6,017,014 6,367,623
8.Advances net of provision (C5-C7) 1,200,497 124,778
9.Fixed assets 127,711 125,120
10.Other/misc. assets 1,481,119 2,116,141
D.Profit & loss account
1.Markup/interest earned 552,443 441,814
2.Markup/interest expensed 649,811 616,701
3.Net markup/interest income (97,368) (174,887)
4.Provisions and write-offs 399,436 (605,602)
5.Net markup/interest income after provisions 302,068 (780,489)
6.Non-markup/interest income 114,896 160,487
7.Non-markup/interest expenses 812,651 793,010
8.Administrative expenses 987,141 158,076
9.Profit/(loss) before taxation (395,687) 173,008
10.Profit/(loss) after taxation (398,342) 128,542
E.Other items
1.No. of ordinary shares (000) 1,570 1,570
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (528,738) (549,050)
5.Commitments and contigencies 199,336 139,219
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) -0.18 -0.40
2.Net markup/interest margin (D1-D2)/C -0.01 -0.02
3.Return on equity (ROE) (D10/A) 0.01 0.00
4.Return on assets (ROA) (D10/C) -0.04 0.02
5.Non-markup/interest income to total assets (D6/C) 0.01 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.03 -0.11
7.Markup/interest expense to markup/interest income (D2/D1) 1.18 1.40
8.Admin. expense to profit before tax. (D8/D9) (times) -2.49 0.91
9.Non-markup/interest expense to total income D7/(D1+D6) 1.22 1.32
10.Admin. expense to non-markup/interest income (D8/D6) (times) 8.59 0.98
11.Earning per share (D10/E1) -253.72 8.19
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.03 0.03
2.Investment to total assets (C4/C) 0.50 0.56
3.Advances net of provisions to total assets (C8/C) 0.13 0.02
4.Deposits to total assets (B3/C) 0.65 0.64
5.Total liabilities to total assets (B/C) 3.98 4.89
6.Gross advances to deposits (C5/B3) 1.18 1.40
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.25 0.24
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.78 0.00
2.Provisions against NPLs to gross advances (C7/C5) 0.83 0.98
3.NPLs to shareholders equity (C6/A) -0.20 0.00
4.NPLs write off to NPLs provisions (D4/C7) 0.07 -0.10
5.Provision against NPL to NPLs (C7/C6) 1.07 -
I.Capital /leverage ratios
1.Capital ratio (A/C) -2.98 -3.86
2.Commitments & contingencies to total equity (E5/A) (times) -0.01 0.00
3.Break up value per share (A/E1) -17879.78 -17797.90
4.Total deposit to total equity (B3/A) (times) -0.22 -0.17
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 1.33 -4.27

SME BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 2,889,281 2,356,333
1.Share capital 2,392,507 2,392,507
2.Reserves 199,356 199,356
3.Un appropriated profit 297,418 (235,530)
4.Others (80,674) (401,844)
B.Total liabilities(B1 to B4) 3,775,151 3,802,521
1.Bills payable 40,441 37,686
2.Borrowings from financial institutions 1,400,000 1,518,100
3.Deposits and other accounts 1,879,587 1,892,018
4.Other/misc. liabilities 455,123 354,717
C.Total assets (C1 to C4 + C8 to C10) 6,583,758 5,757,010
1.Cash and balances with treasury banks 286,705 200,112
2.Balances with other banks 52,980 49,751
3.Lending to financial institutions 258,944 100,000
4.Investments 3,058,130 2,545,053
5.Gross advances 7,762,218 7,942,929
6.Advances-non-performing/classified 5,706,118 5,496,498
7.Provision against advances 5,643,871 5,416,607
8.Advances net of provision (C5-C7) 2,118,347 2,526,322
9.Fixed assets 144,589 124,546
10.Other/misc. assets 664,063 211,226
D.Profit & loss account
1.Markup/interest earned 875,560 774,797
2.Markup/interest expensed 379,956 385,379
3.Net markup/interest income 495,604 389,418
4.Provisions and write-offs 137,525 11,368
5.Net markup/interest income after provisions 633,129 378,050
6.Non-markup/interest income 40,338 58,647
7.Non-markup/interest expenses 521,373 568,691
8.Administrative expenses 526,464 570,101
9.Profit/(loss) before taxation 41,691 (131,994)
10.Profit/(loss) after taxation 110,403 (532,948)
E.Other items
1.No. of ordinary shares (000) 239,250 239,251
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (780,948) 550,566
5.Commitments and contigencies 2,479,894 2,550,866
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.57 0.50
2.Net markup/interest margin (D1-D2)/C 0.08 0.07
3.Return on equity (ROE) (D10/A) 0.04 -0.23
4.Return on assets (ROA) (D10/C) 0.02 -0.09
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.10 0.07
7.Markup/interest expense to markup/interest income (D2/D1) 0.43 0.50
8.Admin. expense to profit before tax. (D8/D9) (times) 12.63 -4.32
9.Non-markup/interest expense to total income D7/(D1+D6) 0.57 0.68
10.Admin. expense to non-markup/interest income (D8/D6) (times) 13.05 9.72
11.Earning per share (D10/E1) 0.46 -2.23
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.05 0.04
2.Investment to total assets (C4/C) 0.46 0.44
3.Advances net of provisions to total assets (C8/C) 0.32 0.44
4.Deposits to total assets (B3/C) 0.29 0.33
5.Total liabilities to total assets (B/C) 0.57 0.66
6.Gross advances to deposits (C5/B3) 4.13 4.20
7.Gross advances to borrowing & deposit C5/(B2+B3) 2.37 2.33
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.74 0.69
2.Provisions against NPLs to gross advances (C7/C5) 0.73 0.68
3.NPLs to shareholders equity (C6/A) 1.97 2.33
4.NPLs write off to NPLs provisions (D4/C7) 0.02 0.00
5.Provision against NPL to NPLs (C7/C6) 0.99 0.99
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.44 0.41
2.Commitments & contingencies to total equity (E5/A) (times) 0.86 1.08
3.Break up value per share (A/E1) 12.08 9.85
4.Total deposit to total equity (B3/A) (times) 0.65 0.80
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) -7.07 -1.03

THE PUNJAB PROVINCIAL COOPERATIVE BANK LTD.

Items 2007 2008
A.Total equity (A1 to A3) 934,954 1,066,511
1.Share capital 430,351 434,155
2.Reserves 370,827 402,298
3.Un appropriated profit 133,776 230,058
4.Others 2,489,021 3,654,089
B.Total liabilities(B1 to B4) 14,232,922 10,113,896
1.Bills payable 39,654 75,186
2.Borrowings from financial institutions 12,000,000 8,000,000
3.Deposits and other accounts 2,007,645 1,929,185
4.Other/misc. liabilities 185,623 109,525
C.Total assets (C1 to C4 + C8 to C10) 17,656,897 14,834,496
1.Cash and balances with treasury banks 715,017 695,200
2.Balances with other banks 5,586,775 2,230,225
3.Lending to financial institutions 0 0
4.Investments 558,009 508,762
5.Gross advances 9,453,735 8,983,220
6.Advances-non-performing/classified 3,254,376 4,228,634
7.Provision against advances 1,443,914 1,443,914
8.Advances net of provision (C5-C7) 8,009,821 7,539,306
9.Fixed assets 2,571,139 3,712,774
10.Other/misc. assets 216,136 148,229
D.Profit & loss account
1.Markup/interest earned 1,228,805 984,869
2.Markup/interest expensed 547,198 618,581
3.Net markup/interest income 681,607 366,288
4.Provisions and write-offs 375,366 3,551
5.Net markup/interest income after provisions 306,241 362,737
6.Non-markup/interest income 374,777 355,393
7.Non-markup/interest expenses 550,754 596,544
8.Administrative expenses 550,203 596,293
9.Profit/(loss) before taxation 130,264 121,586
10.Profit/(loss) after taxation 129,783 120,416
E.Other items
1.No. of ordinary shares (000) 4,303 4,342
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (939,551) (3,725,168)
5.Commitments and contigencies 30,198 9,031,919
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.55 0.37
2.Net markup/interest margin (D1-D2)/C 0.04 0.02
3.Return on equity (ROE) (D10/A) 0.14 0.11
4.Return on assets (ROA) (D10/C) 0.01 0.01
5.Non-markup/interest income to total assets (D6/C) 0.02 0.02
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.02 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.45 0.63
8.Admin. expense to profit before tax. (D8/D9) (times) 4.22 4.90
9.Non-markup/interest expense to total income D7/(D1+D6) 0.34 0.45
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.47 1.68
11.Earning per share (D10/E1) 30.16 27.74
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.36 0.20
2.Investment to total assets (C4/C) 0.03 0.03
3.Advances net of provisions to total assets (C8/C) 0.45 0.51
4.Deposits to total assets (B3/C) 0.11 0.13
5.Total liabilities to total assets (B/C) 0.81 0.68
6.Gross advances to deposits (C5/B3) 4.71 4.66
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.67 0.90
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.34 0.47
2.Provisions against NPLs to gross advances (C7/C5) 0.15 0.16
3.NPLs to shareholders equity (C6/A) 3.48 3.96
4.NPLs write off to NPLs provisions (D4/C7) 0.26 0.00
5.Provision against NPL to NPLs (C7/C6) 0.44 0.34
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.05 0.07
2.Commitments & contingencies to total equity (E5/A) (times) 0.03 8.47
3.Break up value per share (A/E1) 217.28 245.65
4.Total deposit to total equity (B3/A) (times) 2.15 1.81
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) -7.24 -30.94

ZARAI TARAQIATI BANK LTD. (ZTBL)

Items 2007 2008
A.Total equity (A1 to A3) 14,282,155 16,888,812
1.Share capital 11,869,612 12,522,441
2.Reserves 565,911 1,086,169
3.Un appropriated profit 1,846,632 3,280,202
4.Others 685,516 494,448
B.Total liabilities(B1 to B4) 78,434,805 84,988,553
1.Bills payable 392,726 613,378
2.Borrowings from financial institutions 51,257,213 51,257,213
3.Deposits and other accounts 4,322,244 5,425,170
4.Other/misc. liabilities 22,462,622 27,692,792
C.Total assets (C1 to C4 + C8 to C10) 93,402,476 102,371,813
1.Cash and balances with treasury banks 2,103,682 1,732,495
2.Balances with other banks 12,054,304 16,005,460
3.Lending to financial institutions 0 0
4.Investments 7,504,233 4,955,690
5.Gross advances 70,540,426 77,770,248
6.Advances-non-performing/classified 16,708,290 12,985,615
7.Provision against advances 9,227,420 7,846,751
8.Advances net of provision (C5-C7) 61,313,006 69,923,497
9.Fixed assets 867,435 1,144,222
10.Other/misc. assets 9,559,816 8,610,449
D.Profit & loss account
1.Markup/interest earned 7,033,400 8,484,623
2.Markup/interest expensed 3,418,023 3,489,411
3.Net markup/interest income 3,615,377 4,995,212
4.Provisions and write-offs 3,657,651 1,924,259
5.Net markup/interest income after provisions (42,274) 3,070,953
6.Non-markup/interest income 5,727,636 5,788,726
7.Non-markup/interest expenses 3,855,891 4,861,046
8.Administrative expenses 3,778,579 4,520,475
9.Profit/(loss) before taxation 1,799,105 3,998,633
10.Profit/(loss) after taxation 1,041,451 2,606,657
E.Other items
1.No. of ordinary shares (000) 1,186,961 1,252,244
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 6,800,178 1,582,580
5.Commitments and contigencies 7,744,389 11,311,906
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.51 0.59
2.Net markup/interest margin (D1-D2)/C 0.04 0.05
3.Return on equity (ROE) (D10/A) 0.07 0.15
4.Return on assets (ROA) (D10/C) 0.01 0.03
5.Non-markup/interest income to total assets (D6/C) 0.06 0.06
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.00 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.49 0.41
8.Admin. expense to profit before tax. (D8/D9) (times) 2.10 1.13
9.Non-markup/interest expense to total income D7/(D1+D6) 0.30 0.34
10.Admin. expense to non-markup/interest income (D8/D6) (times) 0.66 0.78
11.Earning per share (D10/E1) 0.88 2.08
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.15 0.17
2.Investment to total assets (C4/C) 0.08 0.05
3.Advances net of provisions to total assets (C8/C) 0.66 0.68
4.Deposits to total assets (B3/C) 0.05 0.05
5.Total liabilities to total assets (B/C) 0.84 0.83
6.Gross advances to deposits (C5/B3) 16.32 14.34
7.Gross advances to borrowing & deposit C5/(B2+B3) 1.27 1.37
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.24 0.17
2.Provisions against NPLs to gross advances (C7/C5) 0.13 0.10
3.NPLs to shareholders equity (C6/A) 1.17 0.77
4.NPLs write off to NPLs provisions (D4/C7) 0.40 0.25
5.Provision against NPL to NPLs (C7/C6) 0.55 0.60
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.15 0.17
2.Commitments & contingencies to total equity (E5/A) (times) 0.54 0.67
3.Break up value per share (A/E1) 12.03 13.49
4.Total deposit to total equity (B3/A) (times) 0.30 0.32
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) 6.53 0.61

Foreign Banks - Overall

Items 2007 2008
A.Total equity (A1 to A3) 19,419,964 34,504,276
1.Head office capital account 17,085,491 32,130,320
2.Reserves 0 75,785
3.Unremitted profit 2,334,473 2,298,171
4.Others (59,198) (532,853)
B.Total liabilities (B1 to B4) 153,332,311 200,590,252
1.Bills payable 3,746,900 4,423,404
2.Borrowings from financial institutions 19,465,228 17,346,929
3.Deposits and other accounts 117,101,206 147,938,165
4.Other/misc. liabilities 13,018,977 30,881,754
C.Total assets (C1 to C4 + C8 to C10) 172,693,077 234,561,675
1.Cash and balances with treasury banks 23,923,775 34,935,292
2.Balances with other banks 5,297,596 18,369,224
3.Lending to financial institutions 16,408,831 29,913,984
4.Investments 26,427,145 22,592,924
5.Gross advances 90,666,390 104,440,711
6.Advances-non-performing/classified 1,177,223 3,136,262
7.Provision against advances 2,211,458 2,519,229
8.Advances net of provision (C5-C7) 88,454,932 101,921,482
9.Fixed assets 1,967,593 3,697,504
10.Other/misc. assets 10,213,205 23,131,265
D.Profit & loss account
1.Markup/interest earned 15,246,222 18,232,589
2.Markup/interest expenses 8,144,883 9,098,668
3.Net markup/interest income 7,101,339 9,133,921
4.Provisions and write-offs 2,739,112 4,568,218
5.Net markup/interest income after provisions 4,362,227 4,609,161
6.Non-markup/interest income 4,922,361 5,772,095
7.Non-markup/interest expenses 6,776,950 10,374,744
8.Administrative expenses 5,854,906 10,318,250
9.Profit/(loss) before taxation 2,507,638 6,512
10.Profit/(loss) after taxation 1,759,748 650,623
E.Other items
1.Cash generated from operating activities (834,422) 32,730,565
2.Commitments and contingencies 512,987,891 400,482,828
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 0.47 0.50
2.Net markup/interest margin (D1-D2)/C 0.04 0.04
3.Return on equity (ROE) (D10/A) 0.09 0.02
4.Return on assets (ROA) (D10/C) 0.01 0.00
5.Non-markup/interest income to total assets (D6/C) 0.03 0.02
6.Net markup/Interest income (after prov.) to total assets(D5/C) 0.03 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.53 0.50
8.Admin expense to profit before tax.(D8/D9) (times) 2.33 1584.50
9.Non-markup/interest expense to total income D7/(D1+D6) 0.34 0.43
10.Admin. exp. to non-markup/interest income (D8/D6) (times) 1.19 1.79
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.17 0.23
2.Investment to total assets (C4/C) 0.15 0.10
3.Advances net of provision to total assets (C8/C) 0.51 0.43
4.Deposits to total assets ( B3/C) 0.68 0.63
5.Total liabilities to total assets (B/C) 0.89 0.86
6.Gross advances to deposit (C5/B3) 0.77 0.71
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.66 0.63
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.01 0.03
2.Provision against NPLs to gross advances (C7/C5) 0.02 0.02
3.NPLs to total equity (C6/A) 0.06 0.09
4.NPLs write off to NPLs provision (D4/C7) 1.24 1.81
5.Provision against NPL to NPLs (C7/C6) 1.88 0.80
I.Capital/leverage ratios
1.Capital ratio (A/C) 0.11 0.15
2.Commitments & contingencies to total equity (E2/A) (times) 26.42 11.61
3.Total deposit to total equity (B3/A) (times) 6.03 4.29
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10 -0.47 50.31

Bank of China Limited

Items Not available Not available
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)

BARCLAYS BANK PLC

Items 2007 2008
A.Total equity (A1 to A3) - 6,330,486
1.Head office capital account - 7,139,900
2.Reserves - 0
3.Unremitted profit - (809,414)
4.Others - 1,507
B.Total liabilities (B1 to B4) - 18,272,040
1.Bills payable - 256,590
2.Borrowings from financial institutions - 2,476,155
3.Deposits and other accounts - 14,557,453
4.Other/misc. liabilities - 981,842
C.Total assets (C1 to C4 + C8 to C10) - 24,604,033
1.Cash and balances with treasury banks - 1,609,550
2.Balances with other banks - 392,032
3.Lending to financial institutions - 1,485,808
4.Investments - 9,332,849
5.Gross advances - 9,713,315
6.Advances-non-performing/classified - 0
7.Provision against advances - 33,841
8.Advances net of provision (C5-C7) - 9,679,474
9.Fixed assets - 1,381,260
10.Other/misc. assets - 723,060
D.Profit & loss account
1.Markup/interest earned - 832,665
2.Markup/interest expenses - 335,338
3.Net markup/interest income - 497,327
4.Provisions and write-offs - 33,841
5.Net markup/interest income after provisions - 463,486
6.Non-markup/interest income - 28,515
7.Non-markup/interest expenses - 1,700,415
8.Administrative expenses - 1,700,315
9.Profit/(loss) before taxation - (1,208,414)
10.Profit/(loss) after taxation - (809,414)
E.Other items
1.Cash generated from operating activities - 5,675,244
2.Commitments and contingencies - 2,475,663
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1) - 0.60
2.Net markup/interest margin (D1-D2)/C - 0.02
3.Return on equity (ROE) (D10/A) - -0.13
4.Return on assets (ROA) (D10/C) - -0.03
5.Non-markup/interest income to total assets (D6/C) - 0.00
6.Net markup/Interest income (after prov.) to total assets(D5/C) - 0.02
7.Markup/interest expense to markup/interest income (D2/D1) - 0.40
8.Admin expense to profit before tax.(D8/D9) (times) - -1.41
9.Non-markup/interest expense to total income D7/(D1+D6) - 1.97
10.Admin. exp. to non-markup/interest income (D8/D6) (times) - 59.63
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C - 0.08
2.Investment to total assets (C4/C) - 0.38
3.Advances net of provision to total assets (C8/C) - 0.39
4.Deposits to total assets ( B3/C) - 0.59
5.Total liabilities to total assets (B/C) - 0.74
6.Gross advances to deposit (C5/B3) - 0.67
7.Gross advances to borrowing & deposit C5/(B2+B3) - 0.57
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) - 0.00
2.Provision against NPLs to gross advances (C7/C5) - 0.00
3.NPLs to total equity (C6/A) - 0.00
4.NPLs write off to NPLs provision (D4/C7) - 1.00
5.Provision against NPL to NPLs (C7/C6) - -
I.Capital/leverage ratios
1.Capital ratio (A/C) - 0.26
2.Commitments & contingencies to total equity (E2/A) (times) - 0.39
3.Total deposit to total equity (B3/A) (times) - 2.30
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) - -7.01

CITI BANK N. A.
Items 2007 2008
A.Total equity (A1 to A3) 6,379,282 9,507,730
1.Head office capital account 5,443,260 7,742,345
2.Reserves 0 75,785
3.Unremitted profit 936,022 1,689,600
4.Others (53,371) (494,658)
B.Total liabilities (B1 to B4) 86,142,940 92,638,755
1.Bills payable 2,120,612 1,660,227
2.Borrowings from financial institutions 5,977,312 3,152,988
3.Deposits and other accounts 68,627,815 65,484,768
4.Other/misc. liabilities 9,417,201 22,340,772
C.Total assets (C1 to C4 + C8 to C10) 92,468,851 101,651,827
1.Cash and balances with treasury banks 7,799,117 10,583,830
2.Balances with other banks 192,370 7,358,861
3.Lending to financial institutions 4,530,449 14,166,060
4.Investments 21,276,196 9,194,307
5.Gross advances 50,912,294 43,635,814
6.Advances-non-performing/classified 1,044,729 1,955,724
7.Provision against advances 1,844,083 1,779,065
8.Advances net of provision (C5-C7) 49,068,211 41,856,749
9.Fixed assets 1,420,645 1,474,167
10.Other/misc. assets 8,181,863 17,017,853
D.Profit & loss account
1.Markup/interest earned 10,553,668 9,943,656
2.Markup/interest expenses 5,071,332 4,144,702
3.Net markup/interest income 5,482,336 5,798,954
4.Provisions and write-offs 2,655,460 4,058,001
5.Net markup/interest income after provisions 2,826,876 1,740,953
6.Non-markup/interest income 3,133,824 3,546,047
7.Non-markup/interest expenses 4,757,786 5,168,151
8.Administrative expenses 4,735,163 5,127,991
9.Profit/(loss) before taxation 1,202,914 118,849
10.Profit/(loss) after taxation 896,449 800,362
E.Other items
1.Cash generated from operating activities (2,780,477) (1,086,131)
2.Commitments and contingencies 194,203,394 255,409,196
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 0.52 0.58
2.Net markup/interest margin (D1-D2)/C 0.06 0.06
3.Return on equity (ROE) (D10/A) 0.14 0.08
4.Return on assets (ROA) (D10/C) 0.01 0.01
5.Non-markup/interest income to total assets (D6/C) 0.03 0.03
6.Net markup/Interest income (after prov.) to total assets(D5/C) 0.03 0.02
7.Markup/interest expense to markup/interest income (D2/D1) 0.48 0.42
8.Admin expense to profit before tax.(D8/D9) (times) 3.94 43.15
9.Non-markup/interest expense to total income D7/(D1+D6) 0.35 0.38
10.Admin. exp. to non-markup/interest income (D8/D6) (times) 1.51 1.45
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.09 0.18
2.Investment to total assets (C4/C) 0.23 0.09
3.Advances net of provision to total assets (C8/C) 0.53 0.41
4.Deposits to total assets ( B3/C) 0.74 0.64
5.Total liabilities to total assets (B/C) 0.93 0.91
6.Gross advances to deposit (C5/B3) 0.74 0.67
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.68 0.64
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.04
2.Provision against NPLs to gross advances (C7/C5) 0.04 0.04
3.NPLs to total equity (C6/A) 0.16 0.21
4.NPLs write off to NPLs provision (D4/C7) 1.44 2.28
5.Provision against NPL to NPLs (C7/C6) 1.77 0.91
I.Capital/leverage ratios
1.Capital ratio (A/C) 0.07 0.09
2.Commitments & contingencies to total equity (E2/A) (times) 30.44 26.86
3.Total deposit to total equity (B3/A) (times) 10.76 6.89
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10 -3.10 -1.36

DEUTSCHE BANK AG
Items 2007 2008
A.Total equity (A1 to A3) 3,556,772 4,634,445
1.Head office capital account 2,853,853 3,600,702
2.Reserves 0 0
3.Unremitted profit 702,919 1,033,743
4.Others (3,658) (232)
B.Total liabilities (B1 to B4) 14,032,377 17,095,525
1.Bills payable 625,398 1,683,524
2.Borrowings from financial institutions 6,971,367 532,521
3.Deposits and other accounts 5,128,591 10,317,214
4.Other/misc. liabilities 1,307,021 4,562,266
C.Total assets (C1 to C4 + C8 to C10) 17,585,491 21,729,738
1.Cash and balances with treasury banks 3,522,250 4,754,734
2.Balances with other banks 127,489 1,628,093
3.Lending to financial institutions 4,924,319 5,309,670
4.Investments 3,695,931 999,390
5.Gross advances 4,715,413 6,374,949
6.Advances-non-performing/classified 0 312,566
7.Provision against advances 16,162 40,343
8.Advances net of provision (C5-C7) 4,699,251 6,334,606
9.Fixed assets 107,229 130,225
10.Other/misc. assets 509,022 2,573,020
D.Profit & loss account
1.Markup/interest earned 679,115 1,041,031
2.Markup/interest expenses 382,592 400,017
3.Net markup/interest income 296,523 641,014
4.Provisions and write-offs 8,464 48,069
5.Net markup/interest income after provisions 288,059 592,945
6.Non-markup/interest income 1,062,244 1,053,202
7.Non-markup/interest expenses 574,011 815,012
8.Administrative expenses 572,659 813,878
9.Profit/(loss) before taxation 776,292 831,135
10.Profit/(loss) after taxation 504,294 534,135
E.Other items
1.Cash generated from operating activities 2,714,933 (266,446)
2.Commitments and contingencies 248,140,110 98,796,853
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 0.44 0.62
2.Net markup/interest margin (D1-D2)/C 0.02 0.03
3.Return on equity (ROE) (D10/A) 0.14 0.12
4.Return on assets (ROA) (D10/C) 0.03 0.02
5.Non-markup/interest income to total assets (D6/C) 0.06 0.05
6.Net markup/Interest income (after prov.) to total assets(D5/C) 0.02 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.56 0.38
8.Admin expense to profit before tax.(D8/D9) (times) 0.74 0.98
9.Non-markup/interest expense to total income D7/(D1+D6) 0.33 0.39
10.Admin. exp. to non-markup/interest income (D8/D6) (times) 0.54 0.77
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.21 0.29
2.Investment to total assets (C4/C) 0.21 0.05
3.Advances net of provision to total assets (C8/C) 0.27 0.29
4.Deposits to total assets ( B3/C) 0.29 0.47
5.Total liabilities to total assets (B/C) 0.80 0.79
6.Gross advances to deposit (C5/B3) 0.92 0.62
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.39 0.59
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.00 0.05
2.Provision against NPLs to gross advances (C7/C5) 0.00 0.01
3.NPLs to total equity (C6/A) 0.00 0.07
4.NPLs write off to NPLs provision (D4/C7) 0.52 1.19
5.Provision against NPL to NPLs (C7/C6) - 0.13
I.Capital/leverage ratios
1.Capital ratio (A/C) 0.20 0.21
2.Commitments & contingencies to total equity (E2/A) (times) 69.77 21.32
3.Total deposit to total equity (B3/A) (times) 1.44 2.23
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10 5.38 -0.50

HSBC BANK MIDDLE EAST LIMITED

Items 2007 2008
A.Total equity (A1 to A3) 2,549,518 4,962,015
1.Head office capital account 2,078,119 4,339,547
2.Reserves 0 0
3.Unremitted profit 471,399 622,468
4.Others (389) (5,034)
B.Total liabilities (B1 to B4) 29,837,117 43,916,081
1.Bills payable 745,760 587,298
2.Borrowings from financial institutions 3,032,738 4,770,659
3.Deposits and other accounts 25,401,388 37,005,085
4.Other/misc. liabilities 657,231 1,553,039
C.Total assets (C1 to C4 + C8 to C10) 32,386,246 48,873,062
1.Cash and balances with treasury banks 4,254,003 7,577,335
2.Balances with other banks 793,028 4,266,775
3.Lending to financial institutions 6,754,063 7,354,749
4.Investments 301,193 1,941,950
5.Gross advances 19,353,303 25,591,220
6.Advances-non-performing/classified 76,589 223,085
7.Provision against advances 92,989 288,253
8.Advances net of provision (C5-C7) 19,260,314 25,302,967
9.Fixed assets 308,114 509,574
10.Other/misc. assets 715,531 1,919,712
D.Profit & loss account
1.Markup/interest earned 2,151,546 4,071,742
2.Markup/interest expenses 1,310,016 2,443,593
3.Net markup/interest income 841,530 1,628,149
4.Provisions and write-offs 17,443 265,346
5.Net markup/interest income after provisions 824,087 1,362,803
6.Non-markup/interest income 396,379 849,974
7.Non-markup/interest expenses 994,556 1,952,124
8.Administrative expenses 99,470 1,949,088
9.Profit/(loss) before taxation 225,910 260,653
10.Profit/(loss) after taxation 126,045 161,565
E.Other items
1.Cash generated from operating activities (794,179) 6,500,868
2.Commitments and contingencies 52,100,337 29,264,954
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1) 0.39 0.40
2.Net markup/interest margin (D1-D2)/C 0.03 0.03
3.Return on equity (ROE) (D10/A) 0.05 0.03
4.Return on assets (ROA) (D10/C) 0.00 0.00
5.Non-markup/interest income to total assets (D6/C) 0.01 0.02
6.Net markup/Interest income (after prov.) to total assets(D5/C) 0.03 0.03
7.Markup/interest expense to markup/interest income (D2/D1) 0.61 0.60
8.Admin expense to profit before tax.(D8/D9) (times) 0.44 7.48
9.Non-markup/interest expense to total income D7/(D1+D6) 0.39 0.40
10.Admin. exp. to non-markup/interest income (D8/D6) (times) 0.25 2.29
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.16 0.24
2.Investment to total assets (C4/C) 0.01 0.04
3.Advances net of provision to total assets (C8/C) 0.59 0.52
4.Deposits to total assets ( B3/C) 0.78 0.76
5.Total liabilities to total assets (B/C) 0.92 0.90
6.Gross advances to deposit (C5/B3) 0.76 0.69
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.68 0.61
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.00 0.01
2.Provision against NPLs to gross advances (C7/C5) 0.00 0.01
3.NPLs to total equity (C6/A) 0.03 0.05
4.NPLs write off to NPLs provision (D4/C7) 0.19 0.92
5.Provision against NPL to NPLs (C7/C6) 1.21 1.29
I.Capital/leverage ratios
1.Capital ratio (A/C) 0.08 0.10
2.Commitments & contingencies to total equity (E2/A) (times) 20.44 5.90
3.Total deposit to total equity (B3/A) (times) 9.96 7.46
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) -6.30 40.24
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD.
Items Not available Not available
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
2.Borrowings from financial institutions
3.Deposits and other accounts
4.Other/misc. liabilities
C.Total assets (C1 to C4 + C8 to C10)
1.Cash and balances with treasury banks
2.Balances with other banks
3.Lending to financial institutions
4.Investments
5.Gross advances
6.Advances-non-performing/classified
7.Provision against advances
8.Advances net of provision (C5-C7)
9.Fixed assets
10.Other/misc. assets
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1)
2.Net markup/interest margin (D1-D2)/C
3.Return on equity (ROE) (D10/A)
4.Return on assets (ROA) (D10/C)
5.Non-markup/interest income to total assets (D6/C)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital/leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)

OMAN INTERNATIONAL BANK SAOG.

Items 2007 2008
A.Total equity (A1 to A3) 2,033,623 2,712,141
1.Head office capital account 2,289,217 3,008,999
2.Reserves 0 0
3.Unremitted profit (255,594) (296,858)
4.Others 0 0
B.Total liabilities (B1 to B4) 660,308 729,806
1.Bills payable 2,754 4,036
2.Borrowings from financial institutions 178,000 186,406
3.Deposits and other accounts 0 521,574
4.Other/misc. liabilities 479,554 17,790
C.Total assets (C1 to C4 + C8 to C10) 2,693,931 3,441,947
1.Cash and balances with treasury banks 2,391,751 3,088,841
2.Balances with other banks 42,807 38,910
3.Lending to financial institutions 0 0
4.Investments 0 0
5.Gross advances 280,948 315,802
6.Advances-non-performing/classified 55,905 83,218
7.Provision against advances 60,442 38,713
8.Advances net of provision (C5-C7) 220,506 277,089
9.Fixed assets 5,646 15,071
10.Other/misc. assets 33,221 22,036
D.Profit & loss account
1.Markup/interest earned 38,268 40,426
2.Markup/interest expenses 47,636 50,080
3.Net markup/interest income (9,368) (9,654)
4.Provisions and write-offs 40,468 21,729
5.Net markup/interest income after provisions (49,836) 12,075
6.Non-markup/interest income 4,471 9,549
7.Non-markup/interest expenses 46,502 62,888
8.Administrative expenses 44,273 57,280
9.Profit/(loss) before taxation (91,867) (41,264)
10.Profit/(loss) after taxation (91,867) (41,264)
E.Other items
1.Cash generated from operating activities (35,503) 21,302,169
2.Commitments and contingencies 85,715 729,519
F.Efficiency ratios/Profitability ratios
1.Spread ratio (D3/D1) -0.24 -0.24
2.Net markup/interest margin (D1-D2)/C 0.00 0.00
3.Return on equity (ROE) (D10/A) -0.05 -0.02
4.Return on assets (ROA) (D10/C) -0.03 -0.01
5.Non-markup/interest income to total assets (D6/C) 0.00 0.00
6.Net markup/Interest income (after prov.) to total assets(D5/C) -0.02 0.00
7.Markup/interest expense to markup/interest income (D2/D1) 1.24 1.24
8.Admin expense to profit before tax.(D8/D9) (times) -0.48 -1.39
9.Non-markup/interest expense to total income D7/(D1+D6) 1.09 1.26
10.Admin. exp. to non-markup/interest income (D8/D6) (times) 9.90 6.00
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.90 0.91
2.Investment to total assets (C4/C) 0.00 0.00
3.Advances net of provision to total assets (C8/C) 0.08 0.08
4.Deposits to total assets ( B3/C) 0.00 0.15
5.Total liabilities to total assets (B/C) 0.25 0.21
6.Gross advances to deposit (C5/B3) - 0.61
7.Gross advances to borrowing & deposit C5/(B2+B3) 1.58 0.45
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.20 0.26
2.Provision against NPLs to gross advances (C7/C5) 0.22 0.12
3.NPLs to total equity (C6/A) 0.03 0.03
4.NPLs write off to NPLs provision (D4/C7) 0.67 0.56
5.Provision against NPL to NPLs (C7/C6) 1.08 0.47
I.Capital/leverage ratios
1.Capital ratio (A/C) 0.75 0.79
2.Commitments & contingencies to total equity (E2/A) (times) 0.04 0.27
3.Total deposit to total equity (B3/A) (times) 0.00 0.19
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) 0.39 -516.24

MUFG Bank Ltd. (Formerly. THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

Items 2007 2008
A.Total equity (A1 to A3) 2,454,236 3,957,242
1.Head office capital account 2,374,857 3,878,698
2.Reserves 0 0
3.Unremitted profit 79,379 78,544
4.Others 0 0
B.Total liabilities (B1 to B4) 3,027,209 6,106,000
1.Bills payable 20,914 12,559
2.Borrowings from financial institutions 1,996,400 4,258,351
3.Deposits and other accounts 978,846 1,715,912
4.Other/misc. liabilities 31,049 119,178
C.Total assets (C1 to C4 + C8 to C10) 5,481,445 10,063,242
1.Cash and balances with treasury banks 2,475,776 4,072,080
2.Balances with other banks 10,550 36,983
3.Lending to financial institutions 200,000 1,597,697
4.Investments 0 0
5.Gross advances 2,621,101 4,092,787
6.Advances-non-performing/classified 0 0
7.Provision against advances 0 0
8.Advances net of provision (C5-C7) 2,621,101 4,092,787
9.Fixed assets 23,262 19,422
10.Other/misc. assets 150,756 244,273
D.Profit & loss account
1.Markup/interest earned 330,590 538,145
2.Markup/interest expenses 243,394 391,186
3.Net markup/interest income 87,196 146,959
4.Provisions and write-offs 0 0
5.Net markup/interest income after provisions 87,196 146,959
6.Non-markup/interest income 61,290 80,485
7.Non-markup/interest expenses 68,639 103,346
8.Administrative expenses 68,323 97,011
9.Profit/(loss) before taxation 79,847 124,098
10.Profit/(loss) after taxation 79,299 78,396
E.Other items
1.Cash generated from operating activities 62,702 202,342
2.Commitments and contingencies 13,545,977 4,958,383
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 0.26 0.27
2.Net markup/interest margin (D1-D2)/C 0.02 0.01
3.Return on equity (ROE) (D10/A) 0.03 0.02
4.Return on assets (ROA) (D10/C) 0.01 0.01
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01
6.Net markup/Interest income (after prov.) to total assets(D5/C) 0.02 0.01
7.Markup/interest expense to markup/interest income (D2/D1) 0.74 0.73
8.Admin expense to profit before tax.(D8/D9) (times) 0.86 0.78
9.Non-markup/interest expense to total income D7/(D1+D6) 0.18 0.17
10.Admin. exp. to non-markup/interest income (D8/D6) (times) 1.11 1.21
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.45 0.41
2.Investment to total assets (C4/C) 0.00 0.00
3.Advances net of provision to total assets (C8/C) 0.48 0.41
4.Deposits to total assets ( B3/C) 0.18 0.17
5.Total liabilities to total assets (B/C) 0.55 0.61
6.Gross advances to deposit (C5/B3) 2.68 2.39
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.88 0.69
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.00 0.00
2.Provision against NPLs to gross advances (C7/C5) 0.00 0.00
3.NPLs to total equity (C6/A) 0.00 0.00
4.NPLs write off to NPLs provision (D4/C7) - -
5.Provision against NPL to NPLs (C7/C6) - -
I.Capital/leverage ratios
1.Capital ratio (A/C) 0.45 0.39
2.Commitments & contingencies to total equity (E2/A) (times) 5.52 1.25
3.Total deposit to total equity (B3/A) (times) 0.40 0.43
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10 0.79 2.58
 2009 2010 2011 2012 2013 2014
582,598,286 610,649,234 776,386,247 831,959,482 881,703,118 969,039,392
322,555,374 348,918,576 452,485,660 466,753,970 482,196,054 491,706,221
163,552,147 180,833,697 188,736,576 215,402,721 238,206,170 254,239,227
96,490,765 80,896,961 135,164,011 149,802,791 161,300,894 223,093,944
84,003,150 88,490,784 30,536,958 72,234,281 100,420,570 250,938,994
5,864,049,257 6,489,714,495 7,493,263,584 9,000,995,218 9,709,649,129 10,790,890,100
71,535,885 75,421,757 85,260,553 112,355,237 129,242,770 134,293,786
659,274,039 550,000,562 686,412,036 1,039,499,543 723,864,257 992,897,367
4,797,876,214 5,513,826,158 6,322,513,825 7,418,591,233 8,456,113,140 9,238,145,244
335,363,119 350,466,018 399,077,170 430,549,205 400,428,962 425,553,703
6,530,650,693 7,188,854,513 8,300,186,789 9,905,188,981 10,691,772,817 12,010,868,487
537,292,488 595,747,312 702,349,942 842,680,067 865,321,503 724,429,154
195,972,436 180,579,242 190,465,013 216,654,370 215,450,583 141,602,932
238,445,016 214,680,843 210,389,899 171,443,515 277,764,395 424,443,086
1,708,679,933 2,171,288,430 3,079,024,212 4,065,836,308 4,382,710,612 5,312,038,514
3,564,239,824 3,779,635,789 3,838,026,440 4,309,850,177 4,665,342,680 5,022,807,378
425,320,610 562,428,103 573,055,250 602,668,663 618,090,698 610,311,461
304,669,387 372,648,121 397,792,547 428,409,314 474,647,267 487,437,628
3,259,570,437 3,406,987,668 3,440,233,893 3,881,440,863 4,190,695,413 4,535,369,750
192,043,955 203,638,519 218,192,889 230,792,490 248,181,387 254,762,409
398,646,428 415,932,499 459,530,941 496,341,368 511,648,924 618,222,642

593,703,103 630,569,606 752,536,862 800,632,014 785,382,553 923,630,745

326,058,617 337,669,590 407,390,616 456,819,416 446,629,119 504,770,274
276,157,706 287,472,434 345,146,246 343,812,598 338,753,434 418,860,471
113,917,187 78,361,932 49,029,717 43,503,833 40,126,782 29,105,275
162,212,990 212,455,704 296,116,529 300,308,765 298,626,652 389,755,196
106,091,369 105,468,634 110,963,569 142,699,413 147,815,005 164,911,042
190,059,825 207,934,611 235,699,359 262,773,036 275,830,207 311,248,523
182,414,959 201,053,704 228,199,131 257,038,313 275,274,868 301,347,857
69,304,886 113,795,360 171,741,893 181,129,275 168,225,263 244,163,368
48,198,550 71,158,233 115,552,980 121,098,284 114,511,162 161,013,539

604,337,114 502,982,911 2,157,205,107 1,150,937,430 390,215,359 723,506,656

3,078,623,557 3,121,226,583 3,725,606,755 3,822,886,166 5,163,060,288 5,107,992,607

46.51% 0 0 0 0 0
0.04 0 0 0 0 0
8.27% 0 0 0 0 0
0.74% 0 0 0 0 0
1.62% 0 0 0 0 0
2.48% 0 0 0 0 0
54.92% 1 1 1 1 1
2.63 2 1 1 2 1
 27.16% 0 0 0 0 0
1.72 2 2 2 2 2

11.23% 0 0 0 0 0
26.16% 0 0 0 0 0
49.91% 0 0 0 0 0
73.47% 1 1 1 1 1
89.79% 1 1 1 1 1
74.29% 1 1 1 1 1
65.31% 1 1 1 1 0

11.93% 0 0 0 0 0
8.55% 0 0 0 0 0
0.73 1 1 1 1 1
37.39% 0 0 0 0 0
71.63% 1 1 1 1 1

8.92% 0 0 0 0 0
5.28 5 5 5 6 5
8.24 9 8 9 10 10

12.54 7 19 10 3 4

2009 2010 2011 2012 2013 2014

546,749,512 575,850,581 733,775,751 791,239,862 841,752,833 935,727,210
287,671,156 314,927,769 413,765,907 425,604,902 439,852,130 458,813,069
163,459,432 180,708,124 188,587,290 215,247,789 238,044,557 254,082,900
95,618,924 80,214,688 131,422,554 150,387,171 163,856,146 222,831,241
84,112,627 88,781,586 30,693,768 72,215,942 100,558,005 250,376,424
5,658,751,947 6,290,968,977 7,280,401,181 8,795,017,816 9,485,675,459 10,587,053,787
67,938,226 69,858,475 81,275,225 108,670,159 125,673,854 130,722,032
642,543,459 534,575,425 664,947,685 1,015,683,952 672,314,150 916,649,220
4,636,939,784 5,357,495,365 6,154,642,998 7,259,792,033 8,305,036,474 9,130,636,652
311,330,478 329,039,712 379,535,273 410,871,672 382,650,981 409,045,883
6,289,614,086 6,955,601,144 8,044,870,700 9,658,473,620 10,427,986,297 11,773,157,422
502,499,262 562,952,771 663,873,699 800,945,968 824,555,592 697,148,058
179,702,590 176,507,499 186,036,375 202,651,882 212,844,423 139,791,624
206,327,062 178,200,677 192,035,828 141,340,994 249,593,547 411,702,558
1,656,307,323 2,091,478,733 2,965,642,808 3,980,317,446 4,261,996,937 5,185,061,111
3,469,125,954 3,708,140,800 3,764,810,876 4,241,978,263 4,603,500,246 4,960,270,001
418,929,619 553,335,344 565,454,728 593,556,092 611,855,826 605,555,328
299,881,001 366,781,129 390,988,638 419,859,080 468,341,028 482,588,246
3,169,244,953 3,341,359,671 3,373,822,238 3,822,119,183 4,135,159,218 4,477,681,755
188,454,465 201,415,400 216,016,402 229,051,153 246,822,391 253,689,079
387,078,431 403,686,393 447,443,350 482,046,994 497,014,189 608,083,237
 571,440,077 610,157,558 728,509,149 780,166,930 768,183,606 906,013,975
313,861,482 332,575,929 395,207,516 446,784,708 438,862,367 497,263,971
266,091,815 277,581,629 333,301,633 333,382,222 329,321,239 408,750,004
109,190,178 75,740,441 47,725,112 41,601,566 40,336,487 29,135,489
156,872,452 205,142,052 285,576,521 291,780,656 288,984,752 379,614,515
100,482,691 100,630,451 106,412,148 138,021,492 145,603,899 162,082,412
178,005,794 198,397,770 225,969,213 251,409,181 266,922,333 304,701,571
170,516,859 191,692,767 218,565,358 245,754,307 266,375,253 294,888,284
70,155,458 111,748,712 166,141,471 180,129,982 165,280,131 237,630,601
49,007,928 70,198,522 111,892,322 121,271,604 112,905,817 156,887,421

28,727,998 31,439,491 41,323,258 1,890,662,546 43,945,936 59,404,970

N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A
577,721,142 490,297,865 2,128,981,246 1,152,991,456 356,079,564 708,060,205
2,689,531,535 2,675,985,776 3,269,189,997 3,414,353,893 4,440,183,276 4,480,866,229

46.57% 45.49% 45.75% 42.73% 42.87% 0.45

0.04 3.99% 4.14% 3.45% 3.16% 0.03
8.96% 12.19% 15.25% 15.33% 13.41% 0.17
0.78% 1.01% 1.39% 1.26% 1.08% 0.01
0.02 1.45% 1.32% 1.43% 0.01 0.01
2.49% 2.95% 3.55% 3.02% 2.77% 0.03
54.92% 54.51% 54.25% 57.27% 57.13% 0.55
2.43 1.72 1.32 1.36 1.61 1.24
26.49% 27.91% 27.06% 27.38% 29.21% 0.29
1.70 1.90 2.05 1.78 1.83 1.82
1.71 2.23 2.71 0.06 2.57 2.64

0.11 0.11 0.11 0.10 0.10 0.07

0.26 0.30 0.37 0.41 0.41 0.44
0.50 0.48 0.42 0.40 0.40 0.38
0.74 0.77 0.77 0.75 0.80 0.78
0.90 0.90 0.91 0.91 0.91 0.90
0.75 0.69 0.61 0.58 0.55 0.54
0.66 0.63 0.55 0.51 0.51 0.49

0.12 0.15 0.15 0.14 0.13 0.12

0.09 0.10 0.10 0.10 0.10 0.10
0.77 0.96 0.77 0.75 0.73 0.65
0.36 0.21 0.12 0.10 0.09 0.06
0.72 0.66 0.69 0.71 0.77 0.80

0.09 0.08 0.09 0.08 0.08 0.08

4.92 4.65 4.46 4.32 5.27 4.79
19.03 18.32 17.76 0.42 19.15 15.75
 8.48 9.30 8.39 9.18 9.87 9.76

11.79 6.98 19.03 9.51 3.15 4.51

2009 2010 2011 2012 2013 2,014

107,010,826 105,265,258 127,743,956 125,594,649 130,688,522 146,836,645
21,339,327 24,030,254 41,414,298 44,283,634 53,320,376 59,322,900
31,486,173 27,923,238 29,284,865 33,052,418 37,002,658 36,293,233
54,185,326 53,311,766 57,044,793 48,258,597 40,365,488 51,220,512
24,580,515 40,149,918 41,572,689 56,469,348 68,950,662 82,052,880
1,049,639,678 1,185,232,528 1,398,844,307 1,663,370,815 1,729,248,335 2,004,299,813
12,159,963 8,970,578 10,375,239 17,151,226 16,436,797 13,837,507
62,285,275 35,045,634 76,090,791 152,937,824 78,027,179 145,055,893
926,628,132 1,087,487,521 1,248,188,262 1,413,810,930 1,549,717,784 1,743,412,847
48,566,308 53,728,795 64,190,015 79,470,835 85,066,575 101,993,566
1,181,231,019 1,330,647,704 1,568,160,952 1,845,434,812 1,928,887,519 2,233,189,338
129,608,813 135,642,657 153,973,974 182,782,467 190,767,068 131,966,634
33,955,399 36,122,514 34,010,092 36,706,462 27,360,760 17,902,920
23,263,730 33,849,174 65,732,828 20,184,313 75,925,384 159,302,723
262,331,351 380,720,883 479,342,863 588,083,288 617,992,555 855,837,797
702,632,358 718,055,264 789,506,985 967,822,389 970,530,553 1,019,034,155
118,528,163 168,813,094 166,497,486 166,730,807 180,633,122 182,999,415
80,452,578 93,825,342 97,029,696 105,264,572 121,849,347 132,430,368
622,179,780 624,229,922 692,477,289 862,557,817 848,681,206 886,603,787
29,890,350 32,465,159 34,777,267 36,342,749 41,742,023 40,133,206
80,001,596 87,617,395 107,846,639 118,777,716 126,418,523 141,442,271

100,164,255 112,480,667 129,208,288 140,932,616 139,957,391 164,176,741

59,860,679 67,660,293 77,609,982 88,827,251 90,666,188 101,720,191
40,303,576 44,820,374 51,598,306 52,105,365 49,291,203 62,456,550
32,491,627 13,736,092 7,041,059 10,189,996 19,188,685 13,203,987
7,811,949 31,729,814 44,557,247 41,915,369 30,102,518 49,252,563
23,742,739 20,153,147 22,933,945 29,593,719 31,234,462 35,273,042
28,073,776 32,695,068 37,975,952 44,867,049 46,930,137 55,372,045
26,787,981 31,644,453 37,487,659 44,012,202 47,817,698 52,128,437
3,480,912 31,592,317 29,426,910 26,644,897 12,460,843 29,153,560
6,672,253 22,372,156 19,900,186 19,418,575 8,835,363 19,704,686

2,133,932 2,403,025 4,141,429 1,852,589,678 5,332,037 5,932,290

N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A
974,839 126,587,260 107,777,017 132,675,084 11,014,162 169,332,388
290,828,179 453,490,628 598,692,115 669,675,039 770,295,052 793,547,085

0.40 0.40 0.40 0.37 0.35 0.38

 0.03 0.03 0.03 0.03 0.03 0.03
0.06 0.21 0.16 0.15 0.07 0.13
0.01 0.02 0.01 0.01 0.00 0.01
0.02 0.02 0.01 0.02 0.02 0.02
0.01 0.02 0.03 0.02 0.02 0.02
0.60 0.60 0.60 0.63 0.65 0.62
7.70 1.00 1.27 1.65 3.84 1.79
0.23 0.25 0.25 0.26 0.27 0.28
1.13 1.57 1.63 1.49 1.53 1.48
3.13 9.31 4.81 0.01 1.66 3.32

0.14 0.13 0.12 0.12 0.11 0.07

0.22 0.29 0.31 0.32 0.32 0.38
0.53 0.47 0.44 0.47 0.44 0.40
0.78 0.82 0.80 0.77 0.80 0.78
0.89 0.89 0.89 0.90 0.90 0.90
0.76 0.66 0.63 0.68 0.63 0.58
0.71 0.64 0.60 0.62 0.60 0.54

0.17 0.24 0.21 0.17 0.19 0.18

0.11 0.13 0.12 0.11 0.13 0.13
1.11 1.60 1.30 1.33 1.38 1.25
0.40 0.15 0.07 0.10 0.16 0.10
0.68 0.56 0.58 0.63 0.67 0.72

0.09 0.08 0.08 0.07 0.07 0.07

2.72 4.31 4.69 5.33 5.89 5.40
50.15 43.81 30.85 0.07 24.51 24.75
8.66 10.33 9.77 11.26 11.86 11.87

0.15 5.66 5.42 6.83 1.25 8.59

2009 2010 2011 2012 2013 2014

1,058,318 1,084,517 1,598,765 1,911,854 1,711,881 2,236,767
283,650 283,650 1,080,038 1,494,113 1,494,113 2,494,113
228,540 233,282 284,991 294,768 294,768 294,768
546,128 567,585 233,736 122,973 (77,000) (552,114)
35,049 21,504 74,136 85,599 (77,068) (24,816)
9,164,693 11,597,139 14,477,348 20,508,892 19,126,564 16,575,147
89,020 102,182 96,417 548,727 152,238 111,951
31,328 966,885 51,100 73,340 49,585 2,502,955
8,756,793 10,195,214 13,814,854 19,193,344 18,337,854 13,448,864
287,552 332,858 514,977 693,481 586,887 511,377
10,258,060 12,703,160 16,150,249 22,506,345 20,761,377 18,787,098
713,140 836,311 973,701 1,188,234 1,146,630 1,195,415
586,849 600,228 561,555 636,034 702,652 508,504
1,136,025 926,323 1,605,946 4,219,779 1,039,411 -
4,097,423 3,430,251 4,730,434 7,263,885 7,457,832 7,300,567
3,481,854 6,535,694 7,901,127 8,573,327 9,669,321 9,401,379
207,633 430,232 523,443 612,714 763,406 1,410,920
207,633 227,554 200,064 238,684 405,785 1,056,141
3,274,221 6,308,140 7,701,063 8,334,643 9,263,536 8,345,238
203,972 188,248 229,344 239,084 287,591 383,314
246,430 413,659 348,206 624,686 863,725 1,054,060

896,476 1,374,548 1,918,759 1,798,231 1,837,763 1,798,495

408,000 763,841 1,176,451 1,037,893 1,188,336 1,117,808
488,476 610,707 742,308 760,338 649,427 680,687
179,549 76,899 (5,475) 50,508 172,210 643,663
308,927 533,808 747,783 709,830 477,217 37,024
66,879 57,141 253,719 95,581 134,535 82,784
462,060 536,272 601,399 716,920 834,077 785,863
451,930 533,679 600,986 716,657 823,354 785,762
(86,254) 54,677 400,103 88,491 (222,325) (666,055)
(80,101) 23,711 258,547 43,556 (206,073) (499,891)

28,365 28,365 108,004 149,411 149,411 249,411

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
2,108,232 (521,807) 1,070,465 2,531,961 584,747 (1,221,207)
226,087 201,272 297,230 807,143 686,408 984,973

0.54 0.44 0.39 0.42 0.35 0.38

0.05 0.05 0.05 0.03 0.03 0.04
-0.08 0.02 0.16 0.02 -0.12 -0.22
-0.01 0.00 0.02 0.00 -0.01 -0.03
0.01 0.00 0.02 0.00 0.01 0.00
0.03 0.04 0.05 0.03 0.02 0.00
0.46 0.56 0.61 0.58 0.65 0.62
-5.24 9.76 1.50 8.10 -3.70 -1.18
0.48 0.37 0.28 0.38 0.42 0.42
6.76 9.34 2.37 7.50 6.12 9.49
-2.82 0.84 2.39 0.29 -1.38 -2.00

0.13 0.11 0.10 0.08 0.09 0.09

0.40 0.27 0.29 0.32 0.36 0.39
0.32 0.50 0.48 0.37 0.45 0.44
0.85 0.80 0.86 0.85 0.88 0.72
0.89 0.91 0.90 0.91 0.92 0.88
0.40 0.64 0.57 0.45 0.53 0.70
0.40 0.59 0.57 0.45 0.53 0.59

0.06 0.07 0.07 0.07 0.08 0.15

 0.06 0.03 0.03 0.03 0.04 0.11
0.20 0.40 0.33 0.32 0.45 0.63
0.86 0.34 -0.03 0.21 0.42 0.61
1.00 0.53 0.38 0.39 0.53 0.75

0.10 0.09 0.10 0.08 0.08 0.12

0.21 0.19 0.19 0.42 0.40 0.44
37.31 38.23 14.80 12.80 11.46 8.97
8.27 9.40 8.64 10.04 10.71 6.01

-26.32 -22.01 4.14 58.13 -2.84 2.44

2009 2010 2011 2012 2013 2014

95,855,355 105,687,665 112,671,683 108,137,645 104,546,005 110,355,550
10,763,702 13,454,629 16,818,285 18,500,114 21,275,131 21,275,131
23,395,059 25,129,425 26,212,505 30,305,210 33,536,713 32,073,606
61,696,594 67,103,611 69,640,893 59,332,321 49,734,161 57,006,813
24,937,197 25,611,167 23,282,533 36,743,263 56,117,525 67,973,351
825,460,717 906,719,635 1,019,012,206 1,171,468,349 1,211,585,733 1,364,725,416
10,621,169 8,006,631 9,104,710 14,367,639 13,894,667 11,011,827
44,828,138 19,657,207 27,671,746 52,158,143 23,258,971 37,541,497
727,513,013 832,134,054 927,410,553 1,037,049,090 1,101,845,283 1,233,525,490
42,498,397 46,921,743 54,825,197 67,893,477 72,586,812 82,646,602
946,253,269 1,038,018,467 1,154,966,422 1,316,349,257 1,372,249,263 1,543,054,317
116,668,514 115,657,025 131,843,344 158,756,638 158,230,033 97,971,501
28,786,397 30,743,368 28,070,350 30,895,173 18,388,738 12,108,025
19,683,526 23,051,171 43,973,531 8,280,997 51,941,866 111,788,608
217,596,037 301,078,498 319,353,392 342,964,635 396,411,825 561,764,137
531,103,507 540,130,378 595,630,955 734,349,374 713,042,502 728,064,058
71,174,034 86,871,353 88,391,640 92,454,790 116,098,349 120,841,000
55,765,068 61,243,623 67,509,359 75,695,706 92,879,473 101,359,975
475,338,439 478,886,755 528,121,596 658,653,668 620,163,029 626,704,083
25,200,870 27,620,697 29,064,564 29,714,221 34,568,864 30,885,076
62,979,486 60,980,953 74,539,645 87,083,925 92,544,908 101,832,887

78,124,796 88,681,381 95,956,361 101,125,889 100,192,320 114,173,519

40,448,291 45,169,744 48,566,973 56,552,485 60,894,358 68,369,504
37,676,505 43,511,637 47,389,388 44,573,404 39,297,962 45,804,015
11,820,292 10,009,482 9,358,165 10,710,234 19,567,702 11,077,115
25,856,213 33,502,155 38,031,223 33,863,170 19,730,260 34,726,900
19,109,332 18,150,883 19,738,325 24,804,561 25,951,678 30,377,293
23,766,703 27,030,751 31,637,865 36,483,639 36,653,395 43,103,450
22,816,665 26,732,045 30,945,203 35,921,902 37,677,868 39,967,101
21,198,842 24,622,287 26,131,683 22,184,092 7,082,543 22,000,743
17,449,042 17,738,405 17,724,846 15,665,428 5,306,783 15,028,229
 1,076,370 1,345,463 1,681,828 1,850,011,327 2,127,513 2,127,513
0.75 0.75 0.75 0.01 0.00 0
0.25 0.25 0.10 0.15% 0.00 -
40,806,019 92,320,340 41,816,805 60,861,739 34,505,746 87,022,761
236,732,608 405,881,788 520,889,244 520,100,721 636,936,371 613,219,089

0.48 0.49 0.49 0.44 0.39 0.40

0.04 0.04 0.04 0.03 0.03 0.03
0.18 0.17 0.16 0.14 0.05 0.14
0.02 0.02 0.02 0.01 0.00 0.01
0.02 0.02 0.02 0.02 0.02 0.02
0.03 0.03 0.03 0.03 0.01 0.02
0.52 0.51 0.51 0.56 0.61 0.60
1.08 1.09 1.18 1.62 5.32 1.82
0.24 0.25 0.27 0.29 0.29 0.30
1.19 1.47 1.57 1.45 1.45 1.32
16.21 13.18 10.54 0.01 2.49 7.06

0.15 0.14 0.14 0.14 0.13 0.07

0.23 0.29 0.28 0.26 0.29 0.36
0.50 0.46 0.46 0.50 0.45 0.41
0.77 0.80 0.80 0.79 0.80 0.80
0.87 0.87 0.88 0.89 0.88 0.88
0.73 0.65 0.64 0.71 0.65 0.59
0.69 0.63 0.62 0.67 0.63 0.57

0.13 0.16 0.15 0.13 0.16 0.17

0.11 0.11 0.11 0.10 0.13 0.14
0.74 0.82 0.78 0.86 1.11 1.10
0.21 0.16 0.14 0.14 0.21 0.11
0.78 0.71 0.76 0.82 0.80 0.84

0.10 0.10 0.10 0.08 0.08 0.07

2.47 3.84 4.62 4.81 6.09 5.56
89.05 78.55 66.99 0.06 49.14 51.87
7.59 7.87 8.23 9.59 10.54 11.18

2.34 5.20 2.36 3.89 6.50 5.79

Not available Not available 2011 2012 2013 2014

10,749,561 11,037,333 11,702,080 12,777,454
10,000,000 10,000,000 10,000,000 10,000,000
149,912 327,466 460,647 676,543
599,649 709,867 1,241,433 2,100,911
(86,548) 50,855 (375,193) 1,324,940
37,067,110 81,202,910 63,705,567 110,769,086
 42,251 176,125 362,522 399,591
13,012,647 48,602,402 16,758,368 46,076,636
23,517,740 31,469,652 45,756,220 61,884,036
494,472 954,731 828,457 2,408,823
47,730,123 92,291,098 75,032,454 124,871,480
1,655,815 2,430,525 3,518,863 5,066,350
243,519 424,573 190,823 537,713
10,905,410 4,619,591 4,036,358 12,665,492
26,081,535 62,631,024 36,785,844 59,466,891
7,259,330 19,281,888 26,564,842 41,203,781
0 0 0 340,359
0 0 0 19,078
7,259,330 19,281,888 26,564,842 41,184,703
584,054 1,556,804 1,766,303 1,741,637
1,000,460 1,346,693 2,169,421 4,208,694

3,704,280 6,141,198 6,329,381 8,932,332

2,241,345 4,102,783 4,071,643 5,496,985
1,462,935 2,038,415 2,257,738 3,435,347
31,382 1,069 17,292 19,078
1,431,553 2,037,346 2,240,446 3,416,269
222,183 526,717 859,651 956,465
513,773 1,278,432 2,146,697 2,761,048
513,773 1,278,403 2,141,712 2,740,050
1,139,963 1,285,631 953,400 1,611,686
749,561 886,976 665,904 1,079,479

1,000,000 1,000,000 1,000,000 1,000,000

0.00 0.06 0.00 -
0.00 0.00 0.00 -
18,654,331 38,872,837 (24,032,149) 22,133,894
25,311,295 65,855,409 47,201,513 80,967,344

0.39 0.33 0.36 0.38

0.03 0.02 0.03 0.03
0.07 0.08 0.06 0.08
0.02 0.01 0.01 0.01
0.00 0.01 0.01 0.01
0.03 0.02 0.03 0.03
0.61 0.67 0.64 0.62
0.45 0.99 2.25 1.70
0.13 0.19 0.30 0.28
2.31 2.43 2.49 2.86
0.75 0.89 0.67 1.08

0.04 0.03 0.05 0.04

0.55 0.68 0.49 0.48
 0.15 0.21 0.35 0.33
0.49 0.34 0.61 0.50
0.78 0.88 0.85 0.89
0.31 0.61 0.58 0.67
0.20 0.24 0.42 0.38

0.00 0.00 0.00 0.01

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.03
- - - 1.00
- - - 0.06

0.23 0.12 0.16 0.10

2.35 5.97 4.03 6.34
10.75 11.04 11.70 12.78
2.19 2.85 3.91 4.84

24.89 43.83 -36.09 20.50

2009 2010 2011 2012 2013 2014

5,040,633 5,604,119 9,700,427 10,775,628 11,912,791 13,210,811
5,004,001 5,004,001 8,228,001 9,001,433 10,000,000 10,002,524
435,342 548,039 722,501 937,541 1,170,871 1,430,231
(398,710) 52,079 749,925 836,654 741,920 1,778,056
921,664 3,796,254 665,067 951,171 644,006 1,708,761
32,848,273 41,393,930 58,058,972 70,450,839 95,613,371 111,186,683
229,973 280,665 281,292 558,026 521,035 586,407
5,147,036 2,894,759 10,391,732 7,420,113 15,157,773 14,192,181
26,285,794 36,981,351 45,548,423 60,043,083 77,217,733 92,263,694
1,185,470 1,237,155 1,837,525 2,429,617 2,716,830 4,144,401
38,810,570 50,794,303 68,424,466 82,177,638 108,170,168 126,106,255
1,542,102 5,079,720 2,802,781 3,108,819 4,068,678 4,110,957
2,403,698 1,502,684 1,527,561 1,649,512 3,813,251 2,509,508
1,810,846 2,562,093 1,800,566 1,501,000 7,500,301 2,100,000
17,925,911 19,852,730 36,684,689 45,671,700 53,363,163 72,431,445
14,820,746 21,272,033 25,284,711 29,737,754 38,339,031 43,242,574
4,457,159 4,117,581 3,938,731 4,334,605 3,856,641 4,756,683
2,984,784 3,033,700 2,996,912 3,016,021 2,888,830 3,185,404
11,835,962 18,238,333 22,287,799 26,721,733 35,450,201 40,057,170
1,013,670 1,121,554 1,301,822 1,359,149 1,604,464 1,641,054
2,278,381 2,437,189 2,019,248 2,165,725 2,370,110 3,256,121

3,390,014 4,207,155 6,946,827 7,204,937 7,406,787 9,750,676

2,390,388 2,925,066 4,551,942 4,611,172 4,335,682 6,210,111
999,626 1,282,089 2,394,885 2,593,765 3,071,105 3,540,565
1,261,819 322,766 244,624 178,113 82,381 234,645
(262,193) 1,604,855 2,150,261 2,415,652 2,988,724 3,305,920
383,702 59,677 730,010 976,115 691,672 1,066,070
920,279 951,391 1,285,458 1,822,549 2,011,166 2,471,467
719,453 943,680 1,468,480 1,657,560 1,970,355 2,420,493
(798,770) 713,141 1,285,458 1,572,076 1,669,230 1,900,523
(637,183) 563,486 872,308 1,078,059 1,154,029 1,309,420

500,400 500,400 822,800 900,143 1,000,000 1,000,252

0.00 0.00 0.00 0.00 0.00 0
0.00 0.00 0.00 0.09 0.00 -
6,445,596 1,804,102 13,250,791 9,862,004 (3,775,791) 29,039,497
6,966,342 7,560,301 9,270,649 14,977,927 12,654,725 16,125,707

0.29 0.30 0.34 0.36 0.41 0.36

0.03 0.03 0.04 0.03 0.03 0.03
-0.13 0.10 0.09 0.10 0.10 0.10
-0.02 0.01 0.01 0.01 0.01 0.01
0.01 0.00 0.01 0.01 0.01 0.01
-0.01 0.03 0.03 0.03 0.03 0.03
0.71 0.70 0.66 0.64 0.59 0.64
-0.90 1.32 1.14 1.05 1.18 1.27
0.24 0.22 0.17 0.22 0.25 0.23
1.88 15.81 2.01 1.70 2.85 2.27
-1.27 1.13 1.06 1.20 1.15 1.31

0.10 0.13 0.06 0.06 0.07 0.05

0.46 0.39 0.54 0.56 0.49 0.57
0.31 0.36 0.33 0.33 0.33 0.32
0.68 0.73 0.67 0.73 0.71 0.73
0.85 0.81 0.85 0.86 0.88 0.88
0.56 0.58 0.56 0.50 0.50 0.47
0.47 0.53 0.45 0.44 0.42 0.41

0.30 0.19 0.16 0.15 0.10 0.11

0.20 0.14 0.12 0.10 0.08 0.07
0.88 0.73 0.41 0.40 0.32 0.36
0.42 0.11 0.08 0.06 0.03 0.07
0.67 0.74 0.76 0.70 0.75 0.67

0.13 0.11 0.14 0.13 0.11 0.10

1.38 1.35 0.96 1.39 1.06 1.22
10.07 11.20 11.79 11.97 11.91 13.21
5.21 6.60 4.70 5.57 6.48 6.98

-10.12 3.20 15.19 9.15 -3.27 22.18

 2009 2010 2011 2012 2013 2014
5,056,520 (7,111,043) (6,976,480) (6,267,811) 815,765 8,256,063
5,287,974 5,287,974 5,287,974 5,287,974 10,551,132 15,551,132
7,427,232 2,012,492 1,914,956 1,187,433 1,539,659 1,818,085
(7,658,686) (14,411,509) (14,179,410) (12,743,218) (11,275,026) (9,113,154)
(1,313,395) 10,720,993 17,637,501 18,638,460 12,641,392 11,070,644
182,165,995 225,521,824 270,228,671 319,739,825 339,217,100 401,043,481
1,219,801 581,100 850,569 1,500,709 1,506,335 1,727,731
12,278,773 11,526,783 24,963,566 44,683,826 22,802,482 44,742,624
164,072,532 208,176,902 237,896,692 266,055,761 306,560,694 342,290,763
4,594,889 5,237,039 6,517,844 7,499,529 8,347,589 12,282,363
185,909,120 229,131,774 280,889,692 332,110,474 352,674,257 420,370,188
10,685,057 14,069,601 16,698,333 17,298,251 23,802,864 23,622,411
2,178,455 3,276,234 3,607,107 3,101,170 4,265,296 2,239,170
633,333 7,309,587 7,447,375 1,562,946 11,407,448 32,748,623
22,711,980 56,359,404 92,492,813 129,552,044 123,973,891 154,874,757
153,226,251 150,117,159 153,430,862 175,880,046 182,914,857 197,122,363
42,689,337 77,393,928 73,643,672 69,328,698 59,914,726 55,650,453
21,495,093 29,320,465 26,323,361 26,314,161 25,675,259 26,809,770
131,731,158 120,796,694 127,107,501 149,565,885 157,239,598 170,312,593
3,471,838 3,534,660 3,597,483 3,473,491 3,514,801 5,482,125
14,497,299 23,785,594 29,939,080 27,556,687 28,470,359 31,090,509

17,752,969 18,217,583 20,682,061 24,662,361 24,191,140 29,521,719

16,614,000 18,801,642 21,073,271 22,522,918 20,176,169 20,525,783
1,138,969 (584,059) (391,210) 2,139,443 4,014,971 8,995,936
19,229,967 3,326,945 (2,587,637) (749,928) (650,900) 1,229,486
(18,090,998) (3,911,004) 2,196,427 2,889,371 4,665,871 7,766,450
4,182,826 1,885,446 1,989,708 3,190,745 3,596,926 2,790,430
2,924,734 4,176,654 3,716,432 4,565,509 5,284,802 6,250,217
2,799,933 3,435,049 3,959,217 4,437,680 5,204,409 6,215,031
(16,832,906) 6,202,212 469,703 1,514,607 2,977,995 4,306,663
(10,059,505) 4,046,554 294,924 1,744,556 1,914,720 2,787,449

528,797 528,797 528,797 528,797 1,055,113 1,555,113

0.00 0.00 0.00 0.00 0.00 -
- 0.00 0.00 0.00 0.00 -
(48,385,008) 32,984,625 32,984,625 20,546,543 3,731,609 32,357,443
46,903,142 39,847,267 42,923,697 67,933,839 72,816,035 82,249,972

0.06 -0.03 -0.02 0.09 0.17 0.30

0.01 0.00 0.00 0.01 0.01 0.02
-1.99 -0.57 -0.04 -0.28 2.35 0.34
-0.05 0.02 0.00 0.01 0.01 0.01
0.02 0.01 0.01 0.01 0.01 0.01
-0.10 -0.02 0.01 0.01 0.01 0.02
0.94 1.03 1.02 0.91 0.83 0.70
 -0.17 0.55 8.43 2.93 1.75 1.44
0.13 0.21 0.16 0.16 0.19 0.19
0.67 1.82 1.99 1.39 1.45 2.23
-19.02 7.65 0.56 3.30 1.81 1.79

0.07 0.08 0.07 0.06 0.08 0.06

0.12 0.25 0.33 0.39 0.35 0.37
0.71 0.53 0.45 0.45 0.45 0.41
0.88 0.91 0.85 0.80 0.87 0.81
0.98 0.98 0.96 0.96 0.96 0.95
0.93 0.72 0.64 0.66 0.60 0.58
0.87 0.68 0.58 0.57 0.56 0.51

0.28 0.52 0.48 0.39 0.33 0.28

0.14 0.20 0.17 0.15 0.14 0.14
8.44 -10.88 -10.56 -11.06 73.45 6.74
0.89 0.11 -0.10 -0.03 -0.03 0.05
0.50 0.38 0.36 0.38 0.43 0.48

0.03 -0.03 -0.02 -0.02 0.00 0.02

9.28 -5.60 -6.15 -10.84 89.26 9.96
9.56 -13.45 -13.19 -11.85 0.77 5.31
32.45 -29.28 -34.10 -42.45 375.80 41.46

4.81 8.15 111.84 11.78 1.95 11.61

2009 2010 2011 2012 2013 2014

448,140,588 472,942,974 604,809,329 660,038,428 700,986,471 776,744,102
250,825,234 275,390,507 356,844,077 365,970,171 371,180,395 382,637,010
129,499,179 147,117,474 149,928,873 171,215,911 189,269,285 206,411,321
67,816,175 50,434,993 98,036,379 122,852,346 140,536,791 187,695,771
55,865,074 44,519,030 (15,531,222) 10,546,998 23,905,266 70,331,186
4,474,936,926 4,962,869,192 5,738,262,274 6,982,526,538 7,598,126,518 8,501,806,598
55,027,426 60,505,858 70,475,916 91,081,373 108,425,344 116,231,603
496,966,731 419,118,618 510,975,918 783,595,352 513,953,114 746,437,816
3,696,318,107 4,250,619,218 4,889,127,501 5,828,571,698 6,733,631,929 7,353,315,316
226,624,662 232,625,498 267,682,939 279,278,115 242,116,131 285,821,863
4,978,942,588 5,480,331,196 6,327,540,381 7,653,111,964 8,323,018,255 9,348,881,887
370,158,326 423,371,995 506,022,189 613,769,267 629,154,443 559,502,431
127,593,768 127,673,217 138,661,021 155,962,528 174,902,534 115,039,182
182,548,618 144,242,701 125,427,433 120,345,674 167,990,374 250,207,726
1,382,688,908 1,696,420,171 2,466,754,109 3,366,647,441 3,616,186,259 4,295,230,297
2,664,890,312 2,875,221,875 2,860,695,773 3,155,089,216 3,506,909,388 3,801,885,848
270,852,209 351,693,460 364,369,664 392,925,665 399,253,640 389,976,945
198,582,490 252,080,464 272,935,577 294,306,783 326,496,753 330,275,992
2,466,307,822 2,623,141,411 2,587,760,196 2,860,782,433 3,180,412,635 3,471,609,856
 153,471,610 163,861,660 176,163,854 187,903,137 198,980,771 207,200,154
296,173,536 301,620,041 326,751,579 347,701,484 355,391,239 450,092,241

460,314,435 486,294,541 587,148,951 625,467,312 612,753,622 723,759,691

247,726,810 259,347,973 312,408,496 353,454,406 343,514,096 392,432,745
221,100,885 226,946,568 274,740,455 272,012,906 269,239,526 331,326,946
74,874,595 60,248,131 40,106,355 30,202,761 20,073,503 14,502,484
146,197,065 169,223,241 234,634,100 241,810,145 249,166,023 316,824,462
70,429,526 75,509,790 80,090,093 103,830,955 109,094,947 121,908,296
143,019,662 159,009,575 181,737,906 197,491,373 210,363,030 239,320,346
137,112,537 153,363,449 174,999,630 193,114,445 208,936,950 232,790,911
63,542,898 77,693,011 133,196,632 149,883,884 147,457,753 200,047,657
40,603,888 46,343,893 89,604,074 99,580,230 102,115,959 131,701,895

25,082,524 27,539,050 35,684,408 36,577,017 37,118,040 51,961,803

N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A
576,781,074 363,931,590 2,019,016,887 1,020,482,293 343,035,795 536,318,413
2,372,671,025 2,207,087,299 2,655,822,165 2,728,679,490 3,654,682,450 3,680,298,860

0.48 0.47 0.47 0.43 0.44 0.46

0.04 0.04 0.04 0.04 0.03 0.04
0.09 0.10 0.15 0.15 0.15 0.17
0.01 0.01 0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01 0.01 0.01
0.03 0.03 0.04 0.03 0.03 0.03
0.54 0.53 0.53 0.57 0.56 0.54
2.16 1.97 1.31 1.29 1.42 1.16
0.27 0.28 0.27 0.27 0.29 0.28
1.95 2.03 2.19 1.86 1.92 1.91
1.62 1.68 2.51 2.72 2.75 2.53

0.10 0.10 0.10 0.10 0.10 0.07

0.28 0.31 0.39 0.44 0.43 0.46
0.50 0.48 0.41 0.37 0.38 0.37
0.74 0.78 0.77 0.76 0.81 0.79
0.90 0.91 0.91 0.91 0.91 0.91
0.72 0.68 0.59 0.54 0.52 0.52
0.64 0.62 0.53 0.48 0.48 0.47

0.10 0.12 0.13 0.12 0.11 0.10

0.07 0.09 0.10 0.09 0.09 0.09
0.60 0.74 0.60 0.60 0.57 0.50
0.38 0.24 0.15 0.10 0.06 0.04
0.73 0.72 0.75 0.75 0.82 0.85

0.09 0.09 0.10 0.09 0.08 0.08

 5.29 4.67 4.39 4.13 5.21 4.74
17.87 17.17 16.95 18.05 18.89 14.95
8.25 8.99 8.08 8.83 9.61 9.47

14.21 7.85 22.53 10.25 3.36 4.07

2009 2010 2011 2012 2013 2014

3,487,571 6,883,176 7,293,731 6,648,336 6,598,050 6,722,476
4,500,000 8,935,200 8,935,200 8,935,200 8,935,200 8,935,200
0 0 82,074 82,074 82,074 111,259
(1,012,429) (2,052,024) (1,723,543) (2,368,938) (2,419,224) (2,323,983)
5,388 (764,099) (769,063) (628,876) (749,857) (821,166)
16,269,491 54,644,587 66,020,396 67,847,098 81,911,211 88,447,470
262,691 427,600 451,030 746,651 725,609 679,810
20,000 2,756,892 1,736,120 1,991,738 2,201,945 2,211,568
15,081,242 49,324,209 61,559,026 63,278,655 75,647,097 80,222,579
905,558 2,135,886 2,274,220 1,830,054 3,336,560 5,333,513
19,762,450 60,763,664 72,545,064 73,866,558 87,759,404 94,348,780
1,337,892 4,460,257 3,945,481 4,221,381 5,727,407 6,465,268
959,078 7,409,620 7,577,186 6,712,477 16,565,377 3,741,342
1,600,000 80,000 0 1,100,000 0 10,005,950
3,356,705 15,617,589 26,179,416 27,421,461 22,161,963 19,560,668
9,760,212 28,820,378 29,601,824 31,509,123 39,313,763 49,834,281
1,213,994 3,735,780 4,466,038 6,093,026 5,248,051 4,176,617
320,969 1,923,180 1,991,116 2,726,675 2,793,818 2,811,703
9,439,243 26,897,198 27,610,708 28,782,448 36,519,945 47,022,578
1,741,736 2,732,332 2,798,165 2,629,176 2,725,753 2,667,194
1,327,796 3,566,668 4,434,108 2,999,615 4,058,959 4,885,780

1,914,228 2,198,794 6,699,178 6,271,140 6,131,232 6,682,974

1,234,890 1,658,608 5,001,222 4,725,249 4,340,094 4,513,250
679,338 540,186 1,697,956 1,545,891 1,791,138 2,169,724
344,009 764,375 (227,176) 802,491 171,133 85,244
335,329 (224,189) 1,925,132 743,400 1,620,005 2,084,480
301,855 247,021 482,058 406,151 593,530 726,500
1,436,066 1,595,139 1,926,488 2,105,964 2,247,137 2,594,392
1,410,569 1,508,590 1,910,731 1,994,544 2,118,613 2,545,583
(798,882) (1,572,307) 480,702 (956,413) (33,602) 216,588
(564,013) (1,039,595) 410,370 (644,940) (41,231) 145,923

450,000 893,520 893,520 893,520 893,520 893,520

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
2,173,889 8,797,050 10,255,250 499,270 5,672,633 (18,149,262)
8,660,685 14,532,742 12,436,239 13,347,433 17,008,199 18,906,867
 0.35 0.25 0.25 0.25 0.29 0.32
0.03 0.01 0.02 0.02 0.02 0.02
-0.16 -0.15 0.06 -0.10 -0.01 0.02
-0.03 -0.02 0.01 -0.01 0.00 0.00
0.02 0.00 0.01 0.01 0.01 0.01
0.02 0.00 0.03 0.01 0.02 0.02
0.65 0.75 0.75 0.75 0.71 0.68
-1.77 -0.96 3.97 -2.09 -63.05 11.75
0.65 0.65 0.27 0.32 0.33 0.35
4.67 6.11 3.96 4.91 3.57 3.50
-1.25 -1.16 0.46 -0.72 -0.05 0.16

0.12 0.20 0.16 0.15 0.25 0.11

0.17 0.26 0.36 0.37 0.25 0.21
0.48 0.44 0.38 0.39 0.42 0.50
0.76 0.81 0.85 0.86 0.86 0.85
0.82 0.90 0.91 0.92 0.93 0.94
0.65 0.58 0.48 0.50 0.52 0.62
0.65 0.55 0.47 0.48 0.51 0.60

0.12 0.13 0.15 0.19 0.13 0.08

0.03 0.07 0.07 0.09 0.07 0.06
0.35 0.54 0.61 0.92 0.80 0.62
1.07 0.40 -0.11 0.29 0.06 0.03
0.26 0.51 0.45 0.45 0.53 0.67

0.18 0.11 0.10 0.09 0.08 0.07

2.48 2.11 1.71 2.01 2.58 2.81
7.75 7.70 8.16 7.44 7.38 7.52
4.32 7.17 8.44 9.52 11.47 11.93

-3.85 -8.46 24.99 -0.77 -137.58 -124.38

2009 2010 2011 2012 2013 2014

25,857,515 31,191,174 37,954,155 44,398,033 54,191,068 62,053,785
7,110,008 7,821,009 8,603,110 9,463,421 10,409,763 11,450,739
6,582,845 7,516,910 8,762,745 10,899,279 12,438,158 13,549,355
12,164,662 15,853,255 20,588,300 24,035,333 31,343,147 37,053,691
4,062,279 4,798,456 5,717,786 7,987,705 12,494,537 18,836,540
388,421,058 413,976,778 472,437,811 581,706,017 668,076,210 761,378,802
3,162,429 4,118,791 4,015,317 6,203,051 4,878,594 4,831,801
39,818,532 20,774,450 49,993,200 38,916,192 32,952,406 66,096,472
328,872,559 371,280,948 399,560,790 514,702,444 608,406,629 667,877,615
16,567,538 17,802,589 18,868,504 21,884,330 21,838,581 22,572,914
418,340,852 449,966,408 516,109,752 634,091,755 734,761,815 842,269,127
26,435,683 31,265,658 36,479,765 43,351,703 44,673,129 41,254,975
 1,280,591 579,700 1,679,121 1,029,292 1,102,237 873,494
28,122,932 11,488,944 1,361,754 10,720,935 12,461,403 2,030,062
94,673,100 121,158,730 195,789,638 267,682,679 363,810,550 428,790,733
249,925,187 268,532,972 262,143,554 288,920,715 285,410,673 325,824,966
16,281,178 18,688,166 20,452,465 20,667,561 19,423,896 22,921,542
12,542,665 15,430,262 17,703,717 17,805,032 18,374,552 19,810,564
237,382,522 253,102,710 244,439,837 271,115,683 267,036,121 306,014,402
12,459,586 15,371,118 18,095,123 21,983,646 22,096,771 26,285,358
17,986,438 16,999,548 18,264,514 18,207,817 23,581,604 37,020,103

41,144,667 45,011,184 51,828,897 49,512,005 54,223,499 67,001,497

22,421,218 22,465,506 26,696,185 31,180,990 32,562,330 38,815,342
18,723,449 22,545,678 25,132,712 18,331,015 21,661,169 28,186,155
4,511,166 4,083,385 3,009,024 650,560 564,943 1,609,307
14,212,283 18,462,293 22,123,688 17,680,455 21,096,226 26,576,848
6,078,257 5,867,378 7,263,796 14,244,897 9,950,599 12,735,754
9,718,918 11,914,322 14,129,619 15,813,767 16,115,545 17,110,845
9,517,584 11,344,090 13,289,101 14,720,902 15,675,537 16,961,650
10,571,622 12,415,279 15,257,865 16,111,585 14,931,280 22,201,757
7,149,310 8,283,817 10,256,173 11,847,511 14,783,175 15,015,092

711,001 782,101 860,311 946,342 1,040,976 1,145,074

0.40 0.40 0.50 0.65 0.53 0
0.10 0.10 0.10 0.10 0.10 -
10,687,333 36,199,585 86,857,938 75,355,317 96,323,230 57,504,209
120,551,592 108,128,287 173,528,427 138,568,953 271,936,676 201,128,218

0.46 0.50 0.48 0.37 0.40 0.42

0.04 0.05 0.05 0.03 0.03 0.03
0.28 0.27 0.27 0.27 0.27 0.24
0.02 0.02 0.02 0.02 0.02 0.02
0.01 0.01 0.01 0.02 0.01 0.02
0.03 0.04 0.04 0.03 0.03 0.03
0.54 0.50 0.52 0.63 0.60 0.58
0.90 0.91 0.87 0.91 1.05 0.76
0.21 0.23 0.24 0.25 0.25 0.21
1.57 1.93 1.83 1.03 1.58 1.33
10.06 10.59 11.92 12.52 14.20 13.11

0.07 0.07 0.07 0.07 0.06 0.05

0.23 0.27 0.38 0.42 0.50 0.51
0.57 0.56 0.47 0.43 0.36 0.36
0.79 0.83 0.77 0.81 0.83 0.79
0.93 0.92 0.92 0.92 0.91 0.90
0.76 0.72 0.66 0.56 0.47 0.49
0.68 0.68 0.58 0.52 0.45 0.44
 0.07 0.07 0.08 0.07 0.07 0.07
0.05 0.06 0.07 0.06 0.06 0.06
0.63 0.60 0.54 0.47 0.36 0.37
0.36 0.26 0.17 0.04 0.03 0.08
0.77 0.83 0.87 0.86 0.95 0.86

0.06 0.07 0.07 0.07 0.07 0.07

4.66 3.47 4.57 3.12 5.02 3.24
36.37 39.88 44.12 46.92 52.06 54.19
12.72 11.90 10.53 11.59 11.23 10.76

1.49 4.37 8.47 6.36 6.52 3.83

2009 2010 2011 2012 2013 2014

13,164,224 14,819,933 16,502,392 17,700,366 16,844,299 19,288,563
5,073,467 6,427,440 7,070,184 8,130,711 12,602,602 12,602,602
7,287,041 7,712,855 8,135,795 8,541,776 5,612,416 4,823,738
803,716 679,638 1,296,413 1,027,879 (1,370,719) 1,862,223
1,823,647 1,212,292 1,267,484 2,010,584 2,127,210 4,418,498
239,365,567 298,747,904 326,069,407 333,471,451 376,125,252 423,375,484
2,945,670 3,089,984 2,756,032 3,700,156 5,687,542 6,855,020
19,300,163 25,554,777 17,274,979 8,376,740 24,545,879 13,742,030
205,912,903 255,908,149 291,499,395 306,929,729 335,173,378 387,586,620
11,206,831 14,194,994 14,539,001 14,464,826 10,718,453 15,191,814
254,353,438 314,780,129 343,839,283 353,182,401 395,096,761 447,082,545
19,385,850 22,565,190 26,168,206 24,435,422 26,104,835 19,130,113
8,374,640 3,787,538 6,236,116 8,865,303 9,124,531 7,068,111
4,649,059 9,194,186 1,613,584 6,341,474 2,503,206 3,427,753
66,885,617 102,100,063 133,655,387 145,354,253 165,897,833 217,214,247
147,633,745 168,435,880 167,381,246 162,855,583 192,174,870 198,846,359
17,725,451 21,598,648 23,645,541 26,518,448 33,119,829 31,375,729
12,593,844 15,651,626 16,668,690 19,127,748 28,618,241 28,169,065
135,039,901 152,784,254 150,712,556 143,727,835 163,556,629 170,677,294
9,332,361 10,084,422 9,451,033 8,901,522 8,623,409 7,194,218
10,686,010 14,264,476 16,002,401 15,556,592 19,286,318 22,370,809

22,590,230 27,954,956 32,768,950 32,404,345 27,961,790 34,604,210

13,542,210 17,931,715 22,699,089 22,973,385 19,363,025 22,710,924
9,048,020 10,023,241 10,069,861 9,430,960 8,598,765 11,893,286
2,914,893 3,035,725 1,771,471 2,693,356 11,010,870 321,978
6,133,127 6,987,516 8,298,390 6,737,604 (2,412,105) 11,571,308
2,625,545 2,234,053 3,017,770 4,316,216 3,773,640 5,434,449
7,159,061 8,009,956 8,874,165 9,308,616 9,708,872 11,224,344
7,124,693 7,937,367 8,787,381 9,219,602 9,566,692 11,051,692
1,599,691 1,249,627 2,454,944 1,773,018 (8,323,331) 5,781,413
1,068,864 919,461 1,705,207 1,296,106 (5,377,240) 4,014,932
 507,347 642,744 707,018 813,071 1,260,260 1,260,260
0.00 0.00 0.00 0.00 0.00 0
0.20 0.10 0.15 0.00 0.00 -
36,871,225 35,789,356 36,472,843 10,998,418 22,948,292 36,638,777
106,574,473 196,716,932 165,250,062 192,114,856 300,867,003 243,162,362

0.40 0.36 0.31 0.29 0.31 0.34

0.04 0.03 0.03 0.03 0.02 0.03
0.08 0.06 0.10 0.07 -0.32 0.21
0.00 0.00 0.01 0.00 -0.01 0.01
0.01 0.01 0.01 0.01 0.01 0.01
0.02 0.02 0.02 0.02 -0.01 0.03
0.60 0.64 0.69 0.71 0.69 0.66
4.45 6.35 3.58 5.20 -1.15 1.91
0.28 0.27 0.25 0.25 0.31 0.28
2.71 3.55 2.91 2.14 2.54 2.03
2.11 1.43 2.41 1.59 -4.27 3.19

0.11 0.08 0.09 0.09 0.09 0.06

0.26 0.32 0.39 0.41 0.42 0.49
0.53 0.49 0.44 0.41 0.41 0.38
0.81 0.81 0.85 0.87 0.85 0.87
0.94 0.95 0.95 0.94 0.95 0.95
0.72 0.66 0.57 0.53 0.57 0.51
0.66 0.60 0.54 0.52 0.53 0.50

0.12 0.13 0.14 0.16 0.17 0.16

0.09 0.09 0.10 0.12 0.15 0.14
1.35 1.46 1.43 1.50 1.97 1.63
0.23 0.19 0.11 0.14 0.38 0.01
0.71 0.72 0.70 0.72 0.86 0.90

0.05 0.05 0.05 0.05 0.04 0.04

8.10 13.27 10.01 10.85 17.86 12.61
25.95 23.06 23.34 21.77 13.37 15.31
15.64 17.27 17.66 17.34 19.90 20.09

34.50 38.92 21.39 8.49 -4.27 9.13

2009 2010 2011 2012 2013 2014

12,286,874 14,744,106 17,764,531 21,166,991 23,377,134 27,554,655
6,101,370 7,321,643 8,785,972 10,103,868 10,103,868 11,114,254
3,664,925 4,392,264 5,324,689 6,464,546 7,569,407 8,760,911
2,520,579 3,030,199 3,653,870 4,598,577 5,703,859 7,679,490
1,818,084 1,472,677 2,132,629 2,894,776 2,204,100 5,073,696
235,701,642 285,579,563 364,628,454 429,292,175 435,440,679 546,765,286
3,187,383 2,989,989 4,979,720 5,257,191 6,173,102 7,984,808
33,517,109 22,579,348 43,441,594 69,622,055 29,480,026 78,455,452
189,280,062 249,760,885 302,097,187 340,386,558 386,098,828 446,409,004
9,717,088 10,249,341 14,109,953 14,026,371 13,688,723 13,916,022
249,806,600 301,796,346 384,525,614 453,353,942 461,021,913 579,393,637
14,377,589 19,000,990 22,957,988 27,464,345 32,199,552 34,201,813
4,626,726 2,132,806 6,744,643 9,747,248 2,664,729 4,345,042
0 1,139,268 0 993,981 0 -
111,017,701 137,234,656 223,105,101 249,923,504 239,986,042 331,422,572
108,373,012 129,083,773 119,994,310 153,453,820 173,652,265 188,353,082
2,067,656 2,943,863 3,203,630 3,705,730 3,699,903 5,024,778
2,387,693 3,310,481 5,131,178 5,593,992 6,083,195 6,615,999
105,985,319 125,773,292 114,863,132 147,859,828 167,569,070 181,737,083
9,561,955 10,264,310 10,791,345 11,241,539 11,815,577 13,800,576
4,237,310 6,251,024 6,063,405 6,123,497 6,786,943 13,886,551

22,120,105 27,480,798 36,529,237 41,474,034 37,254,862 44,001,196

13,053,137 16,666,489 22,372,988 26,105,028 22,993,817 24,936,885
9,066,968 10,814,309 14,156,249 15,369,006 14,261,045 19,064,311
1,183,026 946,451 1,820,779 466,087 479,791 552,989
7,883,942 9,867,858 12,335,470 14,902,919 13,781,254 18,511,322
1,836,082 2,187,640 2,607,806 3,032,853 3,989,957 3,807,692
5,207,953 6,331,063 7,784,283 8,997,632 10,218,355 12,401,900
5,045,731 6,225,457 7,621,965 8,799,419 10,050,407 12,189,767
4,512,071 5,724,435 7,158,993 8,938,140 7,552,856 9,917,114
2,856,294 3,667,980 4,537,104 5,519,418 5,198,257 6,348,942

610,137 732,164 878,597 1,010,387 1,010,387 1,111,425

0.20 0.20 0.25 0.30 0.20 0
0.20 0.20 0.15 - 0.10 -
65,727,310 30,127,758 94,364,848 36,872,715 (7,787,747) 98,100,879
63,417,914 60,004,910 106,642,467 107,919,532 142,357,354 180,939,305

0.41 0.39 0.39 0.37 0.38 0.43

0.04 0.04 0.04 0.03 0.03 0.03
0.23 0.25 0.26 0.26 0.22 0.23
0.01 0.01 0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01 0.01 0.01
0.03 0.03 0.03 0.03 0.03 0.03
0.59 0.61 0.61 0.63 0.62 0.57
1.12 1.09 1.06 0.98 1.33 1.23
0.22 0.21 0.20 0.20 0.25 0.26
2.75 2.85 2.92 2.90 2.52 3.20
4.68 5.01 5.16 5.46 5.14 5.71

0.08 0.07 0.08 0.08 0.08 0.07

 0.44 0.45 0.58 0.55 0.52 0.57
0.42 0.42 0.30 0.33 0.36 0.31
0.76 0.83 0.79 0.75 0.84 0.77
0.94 0.95 0.95 0.95 0.94 0.94
0.57 0.52 0.40 0.45 0.45 0.42
0.49 0.47 0.35 0.37 0.42 0.36

0.02 0.02 0.03 0.02 0.02 0.03

0.02 0.03 0.04 0.04 0.04 0.04
0.17 0.20 0.18 0.18 0.16 0.18
0.50 0.29 0.35 0.08 0.08 0.08
1.15 1.12 1.60 1.51 1.64 1.32

0.05 0.05 0.05 0.05 0.05 0.05

5.16 4.07 6.00 5.10 6.09 6.57
20.14 20.14 20.22 20.95 23.14 24.79
15.41 16.94 17.01 16.08 16.52 16.20

23.01 8.21 20.80 6.68 -1.50 15.45

2009 2010 2011 2012 2013 2014

17,055,606 17,238,003 22,616,390 25,501,657 28,265,616 37,823,827
13,491,563 13,491,563 13,491,563 13,491,563 13,491,563 15,872,427
3,587,969 3,819,133 4,100,264 5,636,549 7,274,222 12,338,026
(23,926) (72,693) 5,024,563 6,373,545 7,499,831 9,613,374
4,626,589 4,410,008 2,937,152 4,557,662 3,636,128 6,995,241
367,612,072 390,155,871 442,740,604 506,508,650 579,525,880 698,309,225
3,766,144 4,521,533 5,403,453 8,430,910 9,543,480 11,758,155
20,653,921 13,700,124 18,168,978 21,227,834 23,115,102 55,232,916
324,743,389 354,010,690 401,233,153 457,044,400 525,525,770 605,963,224
18,448,618 17,923,524 17,935,020 19,805,506 21,341,528 25,354,930
389,294,267 411,803,882 468,294,146 536,567,969 611,427,624 743,128,293
35,056,025 41,197,841 50,882,662 58,044,054 61,204,697 50,515,643
22,722,927 16,180,533 17,424,487 26,720,993 34,764,008 12,331,713
14,947,435 6,497,556 7,765,407 876,870 2,522,022 18,313,485
99,279,438 113,622,561 166,531,768 189,486,762 219,690,369 324,319,454
196,802,164 217,822,143 211,397,355 248,345,992 273,827,297 304,848,047
15,585,716 17,710,312 19,096,614 22,181,548 17,946,629 19,412,000
8,780,672 10,670,089 12,928,843 14,412,634 13,047,447 14,250,810
188,021,492 207,152,054 198,468,512 233,933,358 260,779,850 290,597,237
14,552,454 14,251,595 13,388,683 13,747,520 14,835,200 14,962,088
14,714,496 12,901,742 13,832,627 13,758,412 17,631,478 32,088,673

35,554,930 37,530,398 44,298,178 46,079,918 43,961,060 55,378,477

24,709,878 23,854,578 25,687,485 27,500,056 27,066,229 33,505,003
10,845,052 13,675,820 18,610,693 18,579,862 16,894,831 21,873,474
 3,451,912 2,411,846 4,329,500 3,558,532 1,053,648 1,533,833
7,393,140 11,263,974 14,281,193 15,021,330 15,841,183 20,339,641
5,202,233 4,903,726 5,367,713 7,281,340 8,278,694 8,875,817
11,346,473 12,835,658 14,215,188 15,519,468 17,312,666 20,701,892
11,009,954 12,658,021 13,832,096 15,204,036 17,288,779 20,100,591
437,664 2,065,110 5,433,716 6,783,202 6,807,211 8,513,566
(97,904) 1,166,983 5,948,685 4,556,121 4,675,950 5,640,851

1,349,156 1,349,156 1,349,156 1,349,156 1,349,156 1,587,243

0.08 0.00 0.18 0.20 0.20 0
0.00 0.00 0.00 0.00 0.00 -
19,947,703 18,101,276 54,274,913 49,944,024 44,687,658 51,771,824
159,052,924 179,210,913 189,279,494 124,627,168 175,384,351 279,491,742

0.31 0.36 0.42 0.40 0.38 0.40

0.03 0.03 0.04 0.03 0.03 0.03
-0.01 0.07 0.26 0.18 0.17 0.15
0.00 0.00 0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01 0.01 0.01
0.02 0.03 0.03 0.03 0.03 0.03
0.70 0.64 0.58 0.60 0.62 0.61
25.16 6.13 2.55 2.24 2.54 2.36
0.28 0.30 0.29 0.29 0.33 0.32
2.12 2.58 2.58 2.09 2.09 2.26
-0.07 0.86 4.41 3.38 3.47 3.55

0.15 0.14 0.15 0.16 0.16 0.08

0.26 0.28 0.36 0.35 0.36 0.44
0.48 0.50 0.42 0.44 0.43 0.39
0.83 0.86 0.86 0.85 0.86 0.82
0.94 0.95 0.95 0.94 0.95 0.94
0.61 0.62 0.53 0.54 0.52 0.50
0.57 0.59 0.50 0.52 0.50 0.46

0.08 0.08 0.09 0.09 0.07 0.06

0.04 0.05 0.06 0.06 0.05 0.05
0.91 1.03 0.84 0.87 0.63 0.51
0.39 0.23 0.33 0.25 0.08 0.11
0.56 0.60 0.68 0.65 0.73 0.73

0.04 0.04 0.05 0.05 0.05 0.05

9.33 10.40 8.37 4.89 6.20 7.39
12.64 12.78 16.76 18.90 20.95 23.83
19.04 20.54 17.74 17.92 18.59 16.02

-203.75 15.51 9.12 10.96 9.56 9.18

 2009 2010 2011 2012 2013 2014
4,690,622 4,731,781 5,149,904 5,459,724 5,517,324 6,219,801
5,279,679 5,279,679 5,279,679 5,279,679 5,279,679 5,758,721
0 8,232 91,221 173,392 210,446 194,134
(589,057) (556,130) (220,996) 6,653 27,199 266,946
29,776 32,382 169,078 131,809 728,559 647,419
29,472,124 40,182,515 53,409,519 68,553,822 80,555,055 95,116,929
485,608 563,020 798,853 1,251,010 835,562 918,435
156,160 353,000 800,000 1,621,415 2,538,000 561,000
27,911,651 38,109,790 50,468,674 64,110,616 75,169,991 90,330,997
918,705 1,156,705 1,341,992 1,570,781 2,011,502 3,306,497
34,192,522 44,946,678 58,728,501 74,145,355 86,800,938 101,984,149
4,217,520 3,035,153 4,684,831 4,938,712 4,883,483 6,361,444
2,059,808 570,858 549,411 806,282 1,018,717 733,523
4,018,813 4,513,132 4,436,264 8,475,672 6,511,173 18,143,574
6,653,447 13,564,654 20,891,908 28,817,928 31,429,302 30,654,552
10,707,012 16,999,097 25,054,954 27,933,829 38,932,046 41,698,116
788,665 741,680 838,101 1,205,222 1,108,871 1,061,929
249,709 328,972 389,495 500,567 623,313 601,058
10,457,303 16,670,125 24,665,459 27,433,262 38,308,733 41,097,058
2,375,515 2,048,854 1,816,863 1,919,513 2,966,620 3,340,971
4,410,116 4,543,902 1,683,765 1,753,986 1,682,910 1,653,027

2,181,887 3,809,955 5,502,154 5,993,510 6,290,316 7,812,302

1,215,019 2,049,453 2,883,355 3,497,443 3,781,106 4,459,070
966,868 1,760,502 2,618,799 2,496,067 2,509,210 3,353,232
111,198 5,247 60,523 96,072 122,746 17,407
855,670 1,755,255 2,558,276 2,399,995 2,386,464 3,335,825
342,687 207,168 226,709 333,308 454,204 631,936
1,770,664 1,920,590 2,176,398 2,263,827 2,528,129 3,498,039
170,047 1,897,405 2,139,128 2,259,068 2,493,897 3,462,351
(572,307) 41,833 608,587 469,476 312,539 469,722
(483,598) 41,159 409,556 311,482 188,810 313,650

527,968 527,968 527,968 527,968 527,968 575,872

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
4,472,916 4,261,151 8,826,592 8,877,265 3,154,388 809,455
1,439,984 4,467,998 4,614,660 7,391,771 10,214,720 9,347,239

0.44 0.46 0.48 0.42 0.40 0.43

0.03 0.04 0.04 0.03 0.03 0.03
-0.10 0.01 0.08 0.06 0.03 0.05
-0.01 0.00 0.01 0.00 0.00 0.00
0.01 0.00 0.00 0.00 0.01 0.01
0.03 0.04 0.04 0.03 0.03 0.03
 0.56 0.54 0.52 0.58 0.60 0.57
-0.30 45.36 3.51 4.81 7.98 7.37
0.70 0.48 0.38 0.36 0.37 0.41
0.50 9.16 9.44 6.78 5.49 5.48
-0.92 0.08 0.78 0.59 0.36 0.54

0.18 0.08 0.09 0.08 0.07 0.07

0.19 0.30 0.36 0.39 0.36 0.30
0.31 0.37 0.42 0.37 0.44 0.40
0.82 0.85 0.86 0.86 0.87 0.89
0.86 0.89 0.91 0.92 0.93 0.93
0.38 0.45 0.50 0.44 0.52 0.46
0.38 0.44 0.49 0.43 0.50 0.46

0.07 0.04 0.03 0.04 0.03 0.03

0.02 0.02 0.02 0.02 0.02 0.01
0.17 0.16 0.16 0.22 0.20 0.17
0.45 0.02 0.16 0.19 0.20 0.03
0.32 0.44 0.46 0.42 0.56 0.57

0.14 0.11 0.09 0.07 0.06 0.06

0.31 0.94 0.90 1.35 1.85 1.50
8.88 8.96 9.75 10.34 10.45 10.80
5.95 8.05 9.80 11.74 13.62 14.52

-9.25 103.53 21.55 28.50 16.71 2.58

2009 2010 2011 2012 2013 2014

4,801,589 4,266,067 5,777,579 5,864,255 5,299,031 4,827,254
5,010,458 5,010,458 7,410,458 7,410,458 8,167,527 8,167,527
16,751 16,751 16,751 2,030 2,030 2,030
(225,620) (761,142) (1,649,630) (1,548,233) (2,870,526) (3,342,303)
40,191 59,916 26,999 73,226 62,177 (23,535)
8,166,895 13,349,703 21,851,637 41,247,971 48,027,855 29,286,807
58,263 86,867 210,932 390,795 507,471 318,887
1,094,375 287,291 447,300 3,087,150 3,052,474 1,795,000
6,784,750 12,636,083 20,341,241 35,922,038 42,697,675 25,808,867
229,507 339,462 852,164 1,847,988 1,770,235 1,364,053
13,008,675 17,675,686 27,656,215 47,185,452 53,389,063 34,090,526
675,988 1,324,461 1,379,696 2,452,464 2,751,089 2,411,487
577,349 400,468 2,215,636 907,255 1,056,489 81,779
2,857,942 2,679,753 0 0 7,689,704 0
2,861,751 5,050,878 9,982,793 17,156,398 9,226,189 8,164,801
5,001,443 6,236,849 13,233,151 24,077,313 30,481,081 21,608,703
731,740 1,153,118 1,020,934 1,029,984 1,758,223 1,813,094
237,821 620,647 802,014 706,781 1,525,955 1,648,256
4,763,622 5,616,202 12,431,137 23,370,532 28,955,126 19,960,447
600,626 646,645 671,890 1,130,246 1,057,349 854,673
671,397 1,957,279 975,063 2,168,557 2,653,117 2,617,339

1,131,873 1,263,461 2,375,585 3,603,352 3,698,464 4,265,544

650,752 726,325 1,423,171 2,594,187 2,746,105 2,951,435
481,121 537,136 952,414 1,009,165 952,359 1,314,109
257,089 406,279 251,580 (173,859) 821,404 110,780
224,032 130,857 700,834 1,183,024 130,955 1,203,329
56,818 64,260 188,537 456,150 613,408 468,533
686,002 1,019,677 1,236,279 1,605,828 2,483,137 2,286,661
685,677 986,592 1,229,345 1,613,203 2,474,739 2,272,301
(405,152) (824,560) (346,908) 33,346 (1,738,774) (614,799)
(292,627) (535,522) (288,488) 84,646 (1,133,026) (471,777)

501,046 501,046 741,046 741,046 816,753 816,753

0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
654,955 2,667,586 5,394,077 7,024,807 (774,193) (10,395,379)
1,911,426 5,704,888 1,296,300 3,709,955 3,010,035 3,398,746

0.43 0.43 0.40 0.28 0.26 0.31

0.04 0.03 0.03 0.02 0.02 0.04
-0.06 -0.13 -0.05 0.01 -0.21 -0.10
-0.02 -0.03 -0.01 0.00 -0.02 -0.01
0.00 0.00 0.01 0.01 0.01 0.01
0.02 0.01 0.03 0.03 0.00 0.04
0.57 0.57 0.60 0.72 0.74 0.69
-1.69 -1.20 -3.54 48.38 -1.42 -3.70
0.58 0.77 0.48 0.40 0.58 0.48
12.07 15.35 6.52 3.54 4.03 4.85
-0.58 -1.07 -0.39 0.11 -1.39 -0.58

0.10 0.10 0.13 0.07 0.07 0.07

0.22 0.29 0.36 0.36 0.17 0.24
0.37 0.32 0.45 0.50 0.54 0.59
0.52 0.71 0.74 0.76 0.80 0.76
0.63 0.76 0.79 0.87 0.90 0.86
0.74 0.49 0.65 0.67 0.71 0.84
0.63 0.48 0.64 0.62 0.67 0.78

0.15 0.18 0.08 0.04 0.06 0.08

0.05 0.10 0.06 0.03 0.05 0.08
0.15 0.27 0.18 0.18 0.33 0.38
1.08 0.65 0.31 -0.25 0.54 0.07
0.33 0.54 0.79 0.69 0.87 0.91
 0.37 0.24 0.21 0.12 0.10 0.14
0.40 1.34 0.22 0.63 0.57 0.70
9.58 8.51 7.80 7.91 6.49 5.91
1.41 2.96 3.52 6.13 8.06 5.35

-2.24 -4.98 -18.70 82.99 0.68 22.03

2009 2010 2011 2012 2013 2014

6,040,247 6,048,321 6,244,902 6,793,362 6,929,614 7,530,265
6,776,030 6,776,030 6,776,030 6,976,030 6,976,030 6,976,030
45,347 46,961 85,058 69,140 27,372 147,475
(781,130) (774,670) (616,186) (251,808) (73,788) 406,760
18 18 (4,758) 82,738 32,819 (91,184)
29,328,629 33,840,397 41,959,624 56,633,462 73,294,179 94,113,918
279,493 411,944 394,426 659,035 1,208,862 1,250,385
125,000 950,000 1,898,500 1,600,000 2,938,000 3,567,342
27,980,906 31,414,908 38,491,607 53,110,048 67,639,224 83,844,395
943,230 1,063,545 1,175,091 1,264,379 1,508,093 5,451,796
35,368,894 39,888,736 48,199,768 63,509,562 80,256,612 101,552,999
2,932,264 3,197,884 3,429,994 4,196,103 5,291,178 10,480,052
2,430,437 3,455,665 1,116,928 5,660,301 1,840,378 529,277
2,591,905 1,020,725 3,826,084 3,206,945 9,740,822 10,147,169
2,822,723 5,945,370 12,937,179 21,334,833 25,044,279 18,258,604
20,961,592 23,318,157 24,457,951 27,076,428 36,758,909 60,350,331
719,088 1,858,799 2,130,721 2,494,271 2,602,630 2,368,756
371,979 553,203 568,908 761,761 1,218,523 1,510,051
20,589,613 22,764,954 23,889,043 26,314,667 35,540,386 58,840,280
1,727,298 1,703,588 1,597,770 1,535,272 1,454,910 1,751,032
2,274,654 1,800,550 1,402,770 1,261,441 1,344,659 1,546,585

3,647,145 4,071,552 4,632,785 5,682,122 5,776,631 7,523,271

1,805,943 2,129,570 2,395,995 2,807,792 2,662,743 3,433,969
1,841,202 1,941,982 2,236,790 2,874,330 3,113,888 4,089,302
115,136 181,224 10,075 192,853 456,762 291,528
1,726,066 1,760,758 2,226,715 2,681,477 2,657,126 3,797,774
365,353 366,335 457,136 695,344 743,300 1,116,990
1,739,369 2,109,362 2,367,722 2,877,315 3,188,529 3,989,233
1,724,467 2,095,563 2,337,312 2,847,694 3,182,536 3,972,258
352,050 17,731 316,129 499,506 211,897 925,531
226,737 8,074 190,486 344,724 136,860 600,513

677,603 677,603 677,603 677,603 697,603 697,603

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
(1,285,767) 4,676,276 4,983,772 13,506,038 1,263,349 (5,389,925)
17,830,878 5,704,888 10,461,483 9,106,647 15,532,819 20,122,810
 0.50 0.48 0.48 0.51 0.54 0.54
0.05 0.05 0.05 0.05 0.04 0.04
0.04 0.00 0.03 0.05 0.02 0.08
0.01 0.00 0.00 0.01 0.00 0.01
0.01 0.01 0.01 0.01 0.01 0.01
0.05 0.04 0.05 0.04 0.03 0.04
0.50 0.52 0.52 0.49 0.46 0.46
4.90 118.19 7.39 5.70 15.02 4.29
0.43 0.48 0.47 0.45 0.49 0.46
4.72 5.72 5.11 4.10 4.28 3.56
0.33 0.01 0.28 0.51 0.20 0.86

0.15 0.17 0.09 0.16 0.09 0.11

0.08 0.15 0.27 0.34 0.31 0.18
0.58 0.57 0.50 0.41 0.44 0.58
0.79 0.79 0.80 0.84 0.84 0.83
0.83 0.85 0.87 0.89 0.91 0.93
0.75 0.74 0.64 0.51 0.54 0.72
0.75 0.72 0.61 0.49 0.52 0.69

0.03 0.08 0.09 0.09 0.07 0.04

0.02 0.02 0.02 0.03 0.03 0.03
0.12 0.31 0.34 0.37 0.38 0.31
0.31 0.33 0.02 0.25 0.37 0.19
0.52 0.30 0.27 0.31 0.47 0.64

0.17 0.15 0.13 0.11 0.09 0.07

2.95 0.94 1.68 1.34 2.24 2.67
8.91 8.93 9.22 10.03 9.93 10.79
4.63 5.19 6.16 7.82 9.76 11.13

-5.67 579.18 26.16 39.18 9.23 -8.98

2009 2010 2011 2012 2013 2014

11,373,147 16,614,625 17,808,183 18,788,030 20,587,722 21,832,218
6,090,911 7,309,094 8,243,118 9,273,508 10,432,697 10,432,697
4,030,056 7,354,688 6,591,131 6,309,083 6,554,197 5,703,155
1,252,180 1,950,843 2,973,934 3,205,439 3,600,828 5,696,366
1,519,902 (96,855) 1,419,732 2,249,013 1,578,471 4,470,358
167,899,404 250,803,153 273,354,667 292,086,428 333,113,514 361,823,208
1,465,451 3,218,859 3,075,642 4,244,494 4,968,610 5,347,774
34,985,766 34,635,904 39,696,986 35,568,109 45,446,528 60,926,863
123,469,683 195,315,204 214,614,731 240,712,826 271,134,303 283,345,739
7,978,504 17,633,186 15,967,308 11,560,999 11,564,073 12,202,832
180,792,453 267,320,923 292,582,582 313,123,471 355,279,707 388,125,784
 8,427,202 17,428,924 18,445,108 24,508,852 28,422,497 20,285,851
508,795 5,727,909 4,685,718 1,209,313 1,011,980 1,422,699
15,017,826 0 0 0 300,000 -
56,459,447 86,418,549 93,438,545 88,019,396 113,319,478 155,210,513
98,384,470 151,206,409 165,483,330 190,851,275 204,343,186 204,676,072
10,671,030 24,707,758 26,044,119 27,549,729 27,618,619 29,293,000
7,038,469 17,499,640 17,321,335 18,552,070 20,152,882 23,451,267
91,346,001 133,706,769 148,161,995 172,299,205 184,190,304 181,224,805
2,787,617 8,726,406 10,849,607 10,859,963 10,250,910 9,254,474
6,245,565 15,312,366 17,001,609 16,226,742 17,784,538 20,727,442

16,957,875 19,710,460 28,825,449 28,802,150 27,790,468 32,312,633

11,946,579 13,919,256 19,619,095 19,838,745 16,945,315 18,480,191
5,011,296 5,791,204 9,206,354 8,963,405 10,845,153 13,832,442
2,191,883 2,201,824 695,245 1,400,820 2,116,394 2,358,837
2,819,413 3,589,380 8,511,109 7,562,585 8,728,759 11,473,605
2,804,695 4,012,338 4,070,369 5,281,719 4,526,184 4,374,169
4,312,044 6,774,664 11,103,387 11,003,691 11,100,821 12,295,989
4,285,459 6,644,072 10,813,919 10,809,749 11,079,122 12,162,034
1,320,043 827,054 1,478,091 1,835,427 2,160,779 3,551,785
1,212,527 1,190,329 1,280,296 1,419,844 1,849,906 2,476,959

609,091 730,909 824,312 927,351 1,043,270 1,043,270

0.00 0.00 0.00 0.00 0.00 0
0.00 0.20 0.13 0.13 0.13 0
17,897,098 8,881,898 5,911,646 (4,808,638) 28,733,100 13,478,745
79,757,936 164,784,857 173,978,654 118,519,052 157,612,835 168,115,340

0.30 0.29 0.32 0.31 0.39 0.43

0.03 0.02 0.03 0.03 0.03 0.04
0.11 0.07 0.07 0.08 0.09 0.11
0.01 0.00 0.00 0.00 0.01 0.01
0.02 0.02 0.01 0.02 0.01 0.01
0.02 0.01 0.03 0.02 0.02 0.03
0.70 0.71 0.68 0.69 0.61 0.57
3.25 8.03 7.32 5.89 5.13 3.42
0.22 0.29 0.34 0.32 0.34 0.34
1.53 1.66 2.66 2.05 2.45 2.78
1.99 1.63 1.55 1.53 1.77 2.37

0.05 0.09 0.08 0.08 0.08 0.06

0.31 0.32 0.32 0.28 0.32 0.40
0.51 0.50 0.51 0.55 0.52 0.47
0.68 0.73 0.73 0.77 0.76 0.73
0.93 0.94 0.93 0.93 0.94 0.93
0.80 0.77 0.77 0.79 0.75 0.72
0.62 0.66 0.65 0.69 0.65 0.59
 0.11 0.16 0.16 0.14 0.14 0.14
0.07 0.12 0.10 0.10 0.10 0.11
0.94 1.49 1.46 1.47 1.34 1.34
0.31 0.13 0.04 0.08 0.11 0.10
0.66 0.71 0.67 0.67 0.73 0.80

0.06 0.06 0.06 0.06 0.06 0.06

7.01 9.92 9.77 6.31 7.66 7.70
18.67 22.73 21.60 20.26 19.73 20.93
10.86 11.76 12.05 12.81 13.17 12.98

14.76 7.46 4.62 -3.39 15.53 5.44

2009 2010 2011 2012 2013 2014

75,133,715 86,842,059 100,147,132 118,717,213 130,634,311 137,081,200
9,108,000 10,018,800 11,020,680 12,122,748 13,335,023 14,668,525
27,527,380 29,355,555 32,145,755 39,379,354 43,550,373 40,704,933
38,498,335 47,467,704 56,980,697 67,215,111 73,748,915 81,707,742
9,236,083 9,408,712 9,439,856 14,012,443 11,799,943 20,786,445
779,554,995 828,448,632 1,029,967,217 1,477,744,818 1,572,837,124 1,611,328,609
10,041,542 9,775,093 13,894,502 18,943,207 19,422,316 21,955,683
52,542,978 40,459,860 39,473,670 196,580,548 107,864,424 99,630,517
682,750,079 747,374,799 933,631,525 1,214,963,700 1,401,229,814 1,447,215,445
34,220,396 30,838,880 42,967,520 47,257,363 44,320,570 42,526,964
863,924,793 924,699,403 1,139,554,205 1,610,474,474 1,715,271,378 1,769,196,254
79,839,836 81,640,246 103,399,623 157,229,517 135,476,687 122,271,268
40,366,687 37,413,185 47,349,505 47,980,032 57,341,769 53,025,792
5,352,873 30,339,344 41,581,029 24,828,255 35,271,477 34,313,560
216,467,532 254,909,116 418,604,147 797,094,548 826,062,308 897,573,967
490,010,583 502,445,637 503,453,704 545,788,112 630,422,452 616,244,798
49,438,255 53,607,643 56,549,062 56,236,494 79,876,753 68,535,255
35,348,084 42,695,625 46,086,048 45,970,206 66,721,715 60,850,286
454,662,499 459,750,012 457,367,656 499,817,906 563,700,737 555,394,512
16,766,668 16,155,290 19,167,654 23,632,324 25,706,315 24,031,198
50,468,698 44,492,210 52,084,591 59,891,892 71,712,085 82,585,957

76,076,347 81,325,028 98,580,423 116,772,653 120,604,554 135,747,879

33,405,813 34,330,255 42,182,220 59,012,392 65,207,109 68,498,443
42,670,534 46,994,773 56,398,203 57,760,261 55,397,445 67,249,436
9,089,659 7,585,664 6,925,497 6,767,037 1,399,859 462,435
33,580,875 39,409,109 49,472,706 50,993,224 53,997,586 66,787,001
11,159,612 12,762,431 14,782,861 15,960,106 18,941,499 19,607,063
23,358,851 25,131,510 29,934,169 31,391,573 36,805,757 39,519,373
22,745,955 24,252,960 29,433,961 30,381,020 36,109,857 38,254,838
21,381,636 27,040,030 34,321,398 35,561,757 36,133,328 46,874,691
 13,400,749 17,034,380 22,333,022 22,791,598 23,027,095 31,112,521

910,800 1,001,880 1,102,068 1,212,275 1,333,502 9,963,052

0.60 0.65 0.70 0.75 0.01 0
0.10 0.10 0.10 0.10 0.00 -
107,753,133 42,055,186 206,730,148 404,298,555 30,005,631 99,721,119
358,083,924 253,403,791 572,908,009 584,090,071 768,050,018 586,532,937

0.56 0.58 0.57 0.49 0.46 0.50

0.05 0.05 0.05 0.04 0.03 0.04
0.18 0.20 0.22 0.19 0.18 0.23
0.02 0.02 0.02 0.01 0.01 0.02
0.01 0.01 0.01 0.01 0.01 0.01
0.04 0.04 0.04 0.03 0.03 0.04
0.44 0.42 0.43 0.51 0.54 0.50
1.06 0.90 0.86 0.85 1.00 0.82
0.27 0.27 0.26 0.24 0.26 0.25
2.04 1.90 1.99 1.90 1.91 1.95
14.71 17.00 20.26 18.80 17.27 3.12

0.14 0.13 0.13 0.13 0.11 0.10

0.25 0.28 0.37 0.49 0.48 0.51
0.53 0.50 0.40 0.31 0.33 0.31
0.79 0.81 0.82 0.75 0.82 0.82
0.90 0.90 0.90 0.92 0.92 0.91
0.72 0.67 0.54 0.45 0.45 0.43
0.67 0.64 0.52 0.39 0.42 0.40

0.10 0.11 0.11 0.10 0.13 0.11

0.07 0.09 0.09 0.08 0.11 0.10
0.66 0.62 0.56 0.47 0.61 0.50
0.26 0.18 0.15 0.15 0.02 0.01
0.72 0.80 0.82 0.82 0.84 0.89

0.09 0.09 0.09 0.07 0.08 0.08

4.77 2.92 5.72 4.92 5.88 4.28
82.49 86.68 90.87 97.93 97.96 13.76
9.09 8.61 9.32 10.23 10.73 10.56

8.04 2.47 9.26 17.74 1.30 3.21

2009 2010 2011 2012 2013 2014

18,900,286 20,956,902 24,200,175 26,002,357 27,365,571 30,200,254
7,527,525 8,731,929 10,478,315 10,478,315 10,478,315 10,478,315
7,587,835 8,151,443 8,807,718 9,488,277 10,193,511 11,178,823
3,784,926 4,073,530 4,914,142 6,035,765 6,693,745 8,543,116
 (148,629) (646,585) 335,268 2,186,254 619,712 4,550,448
218,406,844 231,820,564 267,380,606 276,121,476 283,410,354 362,629,380
3,111,467 2,572,954 3,733,794 4,092,268 3,982,213 5,201,482
68,186,674 62,529,729 70,331,887 45,102,640 23,057,002 24,883,982
142,185,495 160,314,211 185,281,216 217,670,832 247,507,718 320,023,460
4,923,208 6,403,670 8,033,709 9,255,736 8,863,421 12,520,456
237,158,501 252,130,881 291,916,049 304,310,087 311,395,637 397,380,082
11,192,498 13,923,393 14,233,690 16,918,780 21,208,774 18,640,853
4,836,399 3,123,094 3,551,591 5,151,149 3,552,694 1,869,735
150,000 3,190,399 2,361,754 0 0 3,408,776
111,679,520 100,849,146 147,459,163 160,733,315 142,327,147 221,761,162
106,922,608 127,350,007 119,679,648 122,833,194 144,143,950 150,739,188
6,364,665 7,463,452 15,427,848 17,729,487 16,973,536 19,325,134
4,629,476 7,522,371 6,332,273 12,388,996 14,310,013 15,988,542
102,293,132 119,827,636 113,347,375 110,444,198 129,833,937 134,750,646
2,465,977 3,387,452 3,230,658 3,000,827 3,035,526 3,024,588
4,540,975 7,829,761 7,731,818 8,061,818 11,437,559 13,924,322

21,376,259 23,281,800 27,263,385 28,566,583 24,641,671 32,272,905

14,636,228 16,407,604 19,536,154 19,654,046 15,569,764 21,085,545
6,740,031 6,874,196 7,727,231 8,912,537 9,071,907 11,187,360
2,569,646 3,041,548 2,754,602 2,693,747 2,109,230 1,778,579
4,141,160 3,832,648 4,972,629 6,218,790 6,962,677 9,408,781
3,713,321 4,429,981 5,199,463 4,878,249 4,819,725 5,710,723
3,656,972 4,335,039 5,527,286 6,055,715 6,665,108 7,807,184
3,550,647 4,199,115 4,949,323 5,772,029 6,519,316 7,352,918
4,226,734 4,027,590 4,644,806 5,041,324 5,117,294 7,312,320
2,746,563 2,809,369 3,289,199 3,396,358 3,526,768 4,926,560

752,753 873,193 1,047,831 1,047,831 1,047,831 2,488,398

0.10 0.00 0.15 0.20 0.20 0
0.16 0.20 0.00 0.00 0.00 -
58,187,921 (6,943,837) 44,258,963 17,498,743 (10,830,851) 71,245,077
116,806,754 200,438,547 200,438,547 127,978,834 94,166,186 298,147,723

0.32 0.30 0.28 0.31 0.37 0.35

0.03 0.03 0.03 0.03 0.03 0.03
0.15 0.13 0.14 0.13 0.13 0.16
0.01 0.01 0.01 0.01 0.01 0.01
0.02 0.02 0.02 0.02 0.02 0.01
0.02 0.02 0.02 0.02 0.02 0.02
0.68 0.70 0.72 0.69 0.63 0.65
0.84 1.04 1.07 1.14 1.27 1.01
0.15 0.16 0.17 0.18 0.23 0.21
0.96 0.95 0.95 1.18 1.35 1.29
3.65 3.22 3.14 3.24 3.37 1.98
 0.07 0.07 0.06 0.07 0.08 0.05
0.47 0.40 0.51 0.53 0.46 0.56
0.43 0.48 0.39 0.36 0.42 0.34
0.60 0.64 0.63 0.72 0.79 0.81
0.92 0.92 0.92 0.91 0.91 0.91
0.75 0.79 0.65 0.56 0.58 0.47
0.51 0.57 0.47 0.47 0.53 0.44

0.06 0.06 0.13 0.14 0.12 0.13

0.04 0.06 0.05 0.10 0.10 0.11
0.34 0.36 0.64 0.68 0.62 0.64
0.56 0.40 0.44 0.22 0.15 0.11
0.73 1.01 0.41 0.70 0.84 0.83

0.08 0.08 0.08 0.09 0.09 0.08

6.18 9.56 8.28 4.92 3.44 9.87
25.11 24.00 23.10 24.82 26.12 12.14
7.52 7.65 7.66 8.37 9.04 10.60

21.19 -2.47 13.46 5.15 -3.07 14.46

2009 2010 2011 2012 2013 2014

5,622,453 7,237,084 8,809,116 10,663,502 11,026,877 11,703,723
6,127,605 8,149,715 10,002,930 10,724,643 10,724,643 10,724,642
18,040 18,040 89,978 231,441 301,698 (91,694)
(523,192) (930,671) (1,283,792) (292,582) 536 1,070,775
32,106 (1,398,798) (28,080) 283,046 280,691 1,375,822
27,240,361 33,545,361 45,721,589 73,072,229 103,441,191 163,637,271
320,492 369,620 1,246,994 713,747 1,414,793 1,380,020
5,039,635 5,524,410 3,171,800 8,704,685 20,150,846 50,537,973
21,313,791 26,276,328 40,174,351 61,934,787 80,055,276 108,739,960
566,443 1,375,003 1,128,444 1,719,010 1,820,276 2,979,318
32,894,920 39,383,647 54,502,625 84,018,777 114,748,759 176,716,817
1,764,403 2,298,806 3,880,782 5,026,782 7,775,070 9,041,269
1,820,857 917,802 165,067 1,195,024 542,126 412,232
3,482,564 3,643,360 3,803,022 3,740,958 21,585,799 11,080,242
9,535,555 13,701,699 22,906,646 47,884,719 43,855,194 84,257,568
12,167,220 14,505,537 18,543,633 20,880,638 35,170,193 64,491,947
857,059 1,902,566 2,776,895 3,037,264 2,758,377 2,812,617
477,567 527,424 513,749 971,253 1,401,185 2,058,819
11,689,653 13,978,113 18,029,884 19,909,385 33,769,008 62,433,128
3,039,329 2,882,941 3,064,883 3,412,167 3,750,784 2,066,106
1,562,559 1,960,926 2,652,341 2,849,742 3,470,778 7,426,272

2,527,295 3,299,767 4,319,252 6,168,310 6,969,555 11,113,380

1,806,709 2,255,014 2,583,678 3,731,733 4,512,561 7,259,340
 720,586 1,044,753 1,735,574 2,436,577 2,456,994 3,854,040
772,688 136,484 (151,199) 529,928 264,434 818,778
(52,102) 908,269 1,886,773 1,906,649 2,192,560 3,035,262
339,470 332,974 769,937 2,148,184 2,597,327 2,590,161
1,736,161 1,863,793 2,119,374 2,896,129 3,712,043 4,017,198
1,734,815 1,846,840 2,111,534 2,886,225 3,647,837 3,950,952
(1,448,793) (622,550) 537,336 1,158,704 1,077,844 1,608,225
(594,936) (407,479) 361,645 820,890 837,764 1,060,039

612,761 814,972 1,000,293 1,072,464 1,072,464 5,053,797

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
6,268,544 1,760,620 3,527,847 29,237,117 (21,256,836) 38,650,130
10,400,433 7,898,774 7,820,884 10,993,558 22,645,445 38,439,987

0.29 0.32 0.40 0.40 0.35 0.35

0.02 0.03 0.03 0.03 0.02 0.02
-0.11 -0.06 0.04 0.08 0.08 0.09
-0.02 -0.01 0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.03 0.02 0.01
0.00 0.02 0.03 0.02 0.02 0.02
0.71 0.68 0.60 0.61 0.65 0.65
-1.20 -2.97 3.93 2.49 3.38 2.46
0.61 0.51 0.42 0.35 0.39 0.29
5.11 5.55 2.74 1.34 1.40 1.53
-0.97 -0.50 0.36 0.77 0.78 0.21

0.11 0.08 0.07 0.07 0.07 0.05

0.29 0.35 0.42 0.57 0.38 0.48
0.36 0.35 0.33 0.24 0.29 0.35
0.65 0.67 0.74 0.74 0.70 0.62
0.83 0.85 0.84 0.87 0.90 0.93
0.57 0.55 0.46 0.34 0.44 0.59
0.46 0.46 0.43 0.30 0.35 0.40

0.07 0.13 0.15 0.15 0.08 0.04

0.04 0.04 0.03 0.05 0.04 0.03
0.15 0.26 0.32 0.28 0.25 0.24
1.62 0.26 -0.29 0.55 0.19 0.40
0.56 0.28 0.19 0.32 0.51 0.73

0.17 0.18 0.16 0.13 0.10 0.07

1.85 1.09 0.89 1.03 2.05 3.28
9.18 8.88 8.81 9.94 10.28 2.32
3.79 3.63 4.56 5.81 7.26 9.29

-10.54 -4.32 9.76 35.62 -25.37 36.46

 (Thousand Rupees)
2009 2010 2011 Not available Not available Not available
4,363,093 1,940,292 9,413,468
9,508,617 9,508,617 19,508,617
151,287 162,727 30,839
(5,296,811) (7,731,052) (10,125,988)
1,053,728 1,037,423 (5,886,596)
55,582,766 55,863,821 69,663,886
386,066 541,041 891,579
8,696,140 6,636,645 4,607,205
43,807,061 46,694,675 61,993,604
2,693,499 1,991,460 2,171,498
60,999,587 58,841,536 73,190,758
2,851,783 3,272,624 4,822,751
235,121 360,306 10,930,425
2,804,596 40,000 622,683
13,580,973 12,859,540 15,588,703
34,054,696 35,520,314 35,245,477
7,355,353 9,617,879 12,138,602
4,138,250 5,310,930 5,858,803
29,916,446 30,209,384 29,386,674
4,027,676 4,541,778 4,366,514
7,582,992 7,557,904 7,473,008

5,120,943 5,158,566 4,711,888

5,569,707 5,169,142 5,196,408
(448,764) (10,576) 484,520
1,971,290 1,307,259 284,941
(2,420,054) (1,317,835) 769,461
1,111,457 971,501 955,050
3,058,379 3,016,905 3,257,947
2,796,425 2,989,039 2,805,265
(5,864,077) (3,487,184) (3,146,226)
(4,318,749) (2,727,345) (2,524,305)

950,862 950,862 1,950,862

0.26 0.00 0.00
0.00 0.00 0.00
9,162,534 (199,789) 11,029,923
18,276,636 21,047,073 39,795,348

-0.09 0.00 0.10

-0.01 0.00 -0.01
-0.99 -1.41 -0.27
-0.07 -0.05 -0.03
0.02 0.02 0.01
 -0.04 -0.02 0.01
1.09 1.00 1.10
-0.48 -0.86 -0.89
0.49 0.49 0.57
2.52 3.08 2.94
-4.54 -2.87 -1.29

0.05 0.06 0.22

0.22 0.22 0.21
0.49 0.51 0.40
0.72 0.79 0.85
0.91 0.95 0.95
0.78 0.76 0.57
0.65 0.67 0.53

0.22 0.27 0.34

0.12 0.15 0.17
1.69 4.96 1.29
0.48 0.25 0.05
0.56 0.55 0.48

0.07 0.03 0.13

4.19 10.85 4.23
4.59 2.04 4.83
10.04 24.07 6.59

-2.12 0.07 -4.37

2009 2010 2011 2012 2013 2014

63,120,371 71,225,105 81,392,159 91,350,484 100,165,491 106,908,175
6,911,045 7,602,150 8,362,365 9,198,601 10,118,461 11,130,307
38,387,656 40,164,526 42,412,588 44,620,928 47,008,936 48,830,005
17,821,670 23,458,429 30,617,206 37,530,955 43,038,094 46,947,863
9,192,909 10,774,022 10,619,903 15,124,526 15,297,304 23,195,887
439,428,598 488,482,736 564,861,814 664,983,236 705,815,509 804,527,422
8,201,090 10,265,537 9,466,818 9,896,284 10,138,726 16,627,700
44,662,088 25,684,593 39,100,627 79,064,351 38,660,045 59,542,861
367,581,075 431,295,499 491,146,798 544,988,091 632,309,094 688,329,520
18,984,345 21,237,107 25,147,571 31,034,510 24,707,644 40,027,341
511,741,878 570,481,863 656,873,876 771,458,246 821,278,304 934,631,484
38,774,871 45,407,264 53,122,620 57,420,211 59,946,218 46,753,804
6,077,354 1,551,518 2,357,418 1,236,736 1,594,660 3,015,624
3,000,000 4,401,781 955,087 1,551,472 1,224,638 1,418,181
169,484,647 215,747,844 319,005,983 405,601,313 453,808,345 511,137,192
269,721,034 274,157,806 249,913,581 262,597,534 268,471,085 322,317,993
23,238,723 24,543,807 26,664,873 25,561,774 23,267,733 21,907,791
 16,472,769 19,592,335 22,339,963 22,809,023 19,949,293 18,758,513
253,248,265 254,565,471 227,573,618 239,788,511 248,521,792 303,559,480
18,099,010 21,061,787 22,418,450 24,144,242 29,005,931 30,498,145
23,057,731 27,746,198 31,440,700 41,715,761 27,176,720 38,249,058

51,621,911 54,829,365 68,146,588 68,443,744 65,186,388 77,268,988

15,835,581 18,027,372 23,620,274 27,503,496 27,219,433 33,756,685
44,299,590 36,801,993 44,526,314 40,940,248 37,966,955 43,512,303
7,322,321 3,597,117 3,653,614 478,065 (2,835,617) (1,941,037)
36,977,269 33,204,876 40,872,700 40,462,183 40,802,572 45,453,340
5,754,853 6,441,642 8,112,191 9,541,155 11,476,528 12,943,702
11,069,912 13,406,395 17,501,712 17,823,496 19,975,891 21,667,595
10,235,366 12,327,496 15,860,242 17,410,747 19,099,222 20,611,649
23,349,146 26,509,636 31,483,179 32,064,650 32,932,070 36,729,447
15,665,403 16,874,019 19,424,906 21,235,235 21,950,141 24,324,756

691,105 760,215 836,237 919,860 1,011,846 1,113,031

1.10 1.15 1.20 1.30 1.40 0
0.10 0.10 0.10 0.10 0.10 -
78,214,049 58,654,480 1,244,599,509 96,668,070 69,902,015 52,852,076
376,583,024 136,245,597 162,379,259 143,379,581 113,035,372 226,553,852

0.86 0.67 0.65 0.60 0.58 0.56

0.07 0.06 0.07 0.05 0.05 0.05
0.25 0.24 0.24 0.23 0.22 0.23
0.03 0.03 0.03 0.03 0.03 0.03
0.01 0.01 0.01 0.01 0.01 0.01
0.07 0.06 0.06 0.05 0.05 0.05
0.31 0.33 0.35 0.40 0.42 0.44
0.44 0.47 0.50 0.54 0.58 0.56
0.19 0.22 0.23 0.23 0.26 0.24
1.78 1.91 1.96 1.82 1.66 1.59
22.67 22.20 23.23 23.09 21.69 21.85

0.09 0.08 0.08 0.08 0.07 0.05

0.33 0.38 0.49 0.53 0.55 0.55
0.49 0.45 0.35 0.31 0.30 0.32
0.72 0.76 0.75 0.71 0.77 0.74
0.86 0.86 0.86 0.86 0.86 0.86
0.73 0.64 0.51 0.48 0.42 0.47
0.65 0.60 0.47 0.42 0.40 0.43

0.09 0.09 0.11 0.10 0.09 0.07

0.06 0.07 0.09 0.09 0.07 0.06
0.37 0.34 0.33 0.28 0.23 0.20
0.44 0.18 0.16 0.02 -0.14 -0.10
0.71 0.80 0.84 0.89 0.86 0.86
 0.12 0.12 0.12 0.12 0.12 0.11
5.97 1.91 2.00 1.57 1.13 2.12
91.33 93.69 97.33 99.31 98.99 96.05
5.82 6.06 6.03 5.97 6.31 6.44

4.99 3.48 64.07 4.55 3.18 2.17

Not available Not available Not available Not available Not available Not available
 2009 2010 2011 2012 2013 2014
9,814,412 11,746,417 13,323,888 15,493,638 17,908,150 23,274,720
6,650,048 6,982,550 8,029,933 9,033,675 10,027,379 10,027,379
1,074,408 1,404,326 2,058,319 2,759,942 3,551,297 7,288,754
2,089,956 3,359,541 3,235,636 3,700,021 4,329,474 5,958,587
396,911 679,695 457,678 1,069,020 1,005,093 615,610
115,290,455 146,383,899 186,768,828 257,873,852 310,811,388 413,619,938
1,249,210 1,767,370 2,282,045 3,058,503 3,614,718 5,619,826
8,593,425 5,829,296 9,235,960 18,461,347 11,375,498 15,465,418
100,331,448 131,067,996 170,030,431 230,425,986 289,810,519 380,421,569
5,116,372 7,719,237 5,220,392 5,928,016 6,010,653 12,113,125
125,501,778 158,810,011 200,550,394 274,436,510 329,724,631 437,510,268
8,387,522 12,780,951 16,641,160 19,125,401 28,582,626 29,728,764
5,262,341 9,957,757 2,348,076 3,851,150 3,554,234 5,501,077
34,486,875 10,511,855 4,065,406 500,000 7,442,732 90,766,297
24,370,190 50,519,386 98,488,574 152,459,855 151,613,933 114,089,252
44,238,200 57,846,309 75,698,616 94,402,267 133,474,709 183,285,548
3,649,163 4,318,323 4,647,792 5,000,028 4,840,756 6,912,000
2,528,544 3,851,146 5,321,135 5,724,191 5,851,841 7,573,606
41,709,656 53,995,163 70,377,481 88,678,076 127,622,868 175,711,942
2,437,228 3,095,897 3,985,248 4,898,240 5,594,914 8,273,239
8,847,966 17,949,002 4,644,449 4,923,788 5,313,324 13,439,697

10,105,518 12,284,569 18,032,152 21,836,972 23,171,018 28,803,059

4,969,843 6,606,370 8,665,622 11,384,534 12,526,169 15,440,250
5,135,675 5,678,199 9,366,530 10,452,438 10,644,849 13,362,809
1,532,051 1,496,019 1,389,155 451,191 93,382 466,504
3,603,624 4,182,180 7,977,375 10,001,247 10,551,467 12,896,305
1,707,492 2,687,274 2,263,349 2,398,590 3,501,450 4,754,884
3,626,697 4,723,597 6,331,458 7,169,611 8,406,253 10,752,655
3,681,088 4,637,393 5,958,595 7,192,527 8,286,114 10,459,934
2,527,405 2,443,282 4,356,300 5,230,226 5,646,664 6,898,534
1,676,242 1,899,782 3,391,543 3,508,116 3,956,776 4,570,086

665,005 698,255 802,993 903,367 1,002,738 1,002,738

0.35 0.00 0.10 0.15 0.15 0
0.05 0.15 0.13 0.11 - -
14,017,274 35,528,395 40,906,365 59,402,194 10,928,315 (44,417,274)
73,034,851 108,236,057 114,137,104 140,171,979 160,936,492 260,532,165

0.51 0.46 0.52 0.48 0.46 0.46

0.04 0.04 0.05 0.04 0.03 0.03
0.17 0.16 0.25 0.23 0.22 0.20
0.01 0.01 0.02 0.01 0.01 0.01
0.01 0.02 0.01 0.01 0.01 0.01
0.03 0.03 0.04 0.04 0.03 0.03
0.49 0.54 0.48 0.52 0.54 0.54
1.46 1.90 1.37 1.38 1.47 1.52
0.31 0.32 0.31 0.30 0.32 0.32
2.16 1.73 2.63 3.00 2.37 2.20
2.52 2.72 4.22 3.88 3.95 4.56

0.11 0.14 0.09 0.08 0.10 0.08

0.19 0.32 0.49 0.56 0.46 0.26
0.33 0.34 0.35 0.32 0.39 0.40
0.80 0.83 0.85 0.84 0.88 0.87
0.92 0.92 0.93 0.94 0.94 0.95
0.44 0.44 0.45 0.41 0.46 0.48
 0.41 0.42 0.42 0.38 0.44 0.46

0.08 0.07 0.06 0.05 0.04 0.04

0.06 0.07 0.07 0.06 0.04 0.04
0.37 0.37 0.35 0.32 0.27 0.30
0.61 0.39 0.26 0.08 0.02 0.06
0.69 0.89 1.14 1.14 1.21 1.10

0.08 0.07 0.07 0.06 0.05 0.05

7.44 9.21 8.57 9.05 8.99 11.19
14.76 16.82 16.59 17.15 17.86 23.21
10.22 11.16 12.76 14.87 16.18 16.34

8.36 18.70 12.06 16.93 2.76 -9.72

2009 2010 2011 2012 2013 2014

41,643,272 7,892,204 59,912,879 60,184,991 61,786,345 61,070,295
40,437,271 40,437,271 103,028,512 103,028,512 103,028,512 103,028,512
8,464,894 8,464,894 218,276 225,889 474,123 474,123
(7,258,893) (41,009,961) (43,333,909) (43,069,410) (41,716,290) (42,432,340)
(115,027) 5,992,736 (46,249,209) (45,789,427) (46,086,884) (44,138,076)
166,590,718 150,672,126 141,161,341 176,459,613 163,094,004 178,063,082
1,574,207 1,335,493 1,738,422 2,430,030 2,862,663 2,740,528
62,523,365 42,361,934 47,382,031 76,179,065 51,506,673 62,750,894
93,919,805 99,111,741 85,472,247 91,094,447 104,887,731 105,102,800
8,573,341 7,862,958 6,568,641 6,756,071 3,836,937 7,468,860
208,118,963 164,557,066 154,825,011 190,855,177 178,793,465 194,995,301
8,834,275 8,836,474 7,969,044 7,672,866 8,006,108 8,063,675
3,683,783 2,952,593 1,486,560 956,809 690,098 586,418
5,681,887 6,429,166 14,666,918 3,440,910 2,127,516 7,699,646
62,432,977 50,209,083 47,786,041 83,802,727 60,791,885 59,670,691
100,000,757 98,362,123 84,489,211 94,879,760 104,583,911 117,653,625
15,746,457 34,711,468 34,194,582 32,921,495 29,904,747 29,017,183
15,979,351 23,778,539 23,627,698 23,293,864 22,557,944 23,980,131
84,021,406 74,583,584 60,861,513 71,585,896 82,025,967 93,673,494
3,114,632 2,751,703 2,722,863 2,754,051 2,879,281 3,033,057
40,350,003 18,794,463 19,332,072 20,641,918 22,272,610 22,268,320

18,272,363 16,482,767 14,250,121 13,989,306 13,171,071 15,071,457

12,872,357 13,467,526 12,155,613 11,125,821 9,878,141 11,248,871
5,400,006 3,015,241 2,094,508 2,863,485 3,292,930 3,822,586
1,195,329 10,041,017 2,549,789 116,981 (629,177) 1,527,361
4,204,677 (7,025,776) 455,281 2,746,504 3,922,107 2,295,225
1,681,833 1,933,774 1,976,884 2,395,490 2,906,348 2,876,125
5,242,439 7,336,960 5,064,890 5,397,479 5,632,038 6,302,549
5,345,307 7,055,824 4,823,582 5,331,398 5,484,765 6,096,098
 644,071 (12,089,002) (3,492,009) 440,488 2,112,336 (640,625)
691,048 (9,706,760) (2,067,422) 262,080 1,580,078 (620,697)

4,043,727 4,043,727 10,302,851 10,302,851 10,302,851 10,302,851

0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
28,507,068 (16,940,772) 6,809,298 33,535,245 (19,511,846) (8,534,193)
123,505,187 152,511,924 142,890,225 77,754,924 117,082,107 106,655,114

0.30 0.18 0.15 0.20 0.25 0.25

0.03 0.02 0.01 0.02 0.02 0.02
0.02 -1.23 -0.03 0.00 0.03 -0.01
0.00 -0.06 -0.01 0.00 0.01 0.00
0.01 0.01 0.01 0.01 0.02 0.01
0.02 -0.04 0.00 0.01 0.02 0.01
0.70 0.82 0.85 0.80 0.75 0.75
8.30 -0.58 -1.38 12.10 2.60 -9.52
0.26 0.40 0.31 0.33 0.35 0.35
3.18 3.65 2.44 2.23 1.89 2.12
0.17 -2.40 -0.20 0.03 0.15 -0.06

0.06 0.07 0.06 0.05 0.05 0.04

0.30 0.31 0.31 0.44 0.34 0.31
0.40 0.45 0.39 0.38 0.46 0.48
0.45 0.60 0.55 0.48 0.59 0.54
0.80 0.92 0.91 0.92 0.91 0.91
1.06 0.99 0.99 1.04 1.00 1.12
0.64 0.70 0.64 0.57 0.67 0.70

0.16 0.35 0.40 0.35 0.29 0.25

0.16 0.24 0.28 0.25 0.22 0.20
0.38 4.40 0.57 0.55 0.48 0.48
0.07 0.42 0.11 0.01 -0.03 0.06
1.01 0.69 0.69 0.71 0.75 0.83

0.20 0.05 0.39 0.32 0.35 0.31

2.97 19.32 2.38 1.29 1.89 1.75
10.30 1.95 5.82 5.84 6.00 5.93
2.26 12.56 1.43 1.51 1.70 1.72

41.25 1.75 -3.29 127.96 -12.35 13.75

2009 2010 2011 2012 2013 2014

4,883,277 7,936,255 8,172,770 8,473,656 8,540,902 10,766,983
8,769,517 14,334,734 14,334,734 14,334,734 8,082,387 10,082,387
43,080 43,080 90,383 150,561 167,424 212,640
(3,929,320) (6,441,559) (6,252,347) (6,011,639) 291,091 471,956
2,192,383 (10,577) 9,497 42,227 1,590,276 487,614
16,658,466 22,585,442 23,148,705 26,337,954 29,870,362 39,326,463
78,127 115,759 529,005 250,709 918,662 308,894
3,141,284 6,534,994 3,996,032 2,477,466 2,987,399 5,964,576
12,520,633 14,871,806 17,669,297 22,753,644 24,632,610 31,642,143
918,422 1,062,883 954,371 856,135 1,331,691 1,410,850
23,734,126 30,511,120 31,330,972 34,853,837 40,001,540 50,581,060
961,280 1,250,011 1,463,306 2,052,832 2,795,889 2,525,366
707,912 1,195,948 59,384 2,289,653 117,483 79,761
3,123,377 1,389,003 803,459 2,777,162 790,672 1,900,000
5,807,829 11,090,905 9,663,613 8,894,957 13,991,462 19,953,205
12,343,360 14,747,321 18,374,905 17,842,935 20,561,874 23,916,363
2,726,295 2,711,299 2,619,410 2,451,481 2,340,626 2,144,114
2,619,949 2,609,535 2,543,578 2,398,159 2,292,478 2,104,191
9,723,411 12,137,786 15,831,327 15,444,776 18,269,396 21,812,172
1,112,169 1,001,413 903,608 832,375 861,709 800,890
2,298,148 2,446,054 2,606,275 2,562,082 3,174,929 3,509,666

1,878,626 2,384,653 3,352,186 3,054,034 3,206,548 4,618,568

1,208,857 1,350,320 1,943,845 1,721,825 1,822,677 2,805,889
669,769 1,034,333 1,408,341 1,332,209 1,383,871 1,812,679
239,511 17,599 (46,204) (90,600) (89,935) (99,358)
430,258 1,016,734 1,454,545 1,422,809 1,473,806 1,912,037
92,224 321,243 152,397 154,505 160,498 217,271
1,590,906 1,468,273 1,406,048 1,413,280 1,552,643 1,704,048
1,415,235 1,456,873 1,393,321 1,458,244 1,550,837 1,645,959
(1,068,424) (130,296) 200,894 164,034 81,661 425,260
(593,053) (119,594) 236,515 300,886 84,313 226,081

876,952 1,433,473 1,433,473 1,433,473 808,239 1,008,239

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
6,840,004 5,087,251 (2,388,547) 2,027,886 (574,066) 5,795,768
14,557,877 17,205,195 29,978,957 11,344,410 49,935,753 3,837,807

0.36 0.43 0.42 0.44 0.43 0.39

0.03 0.03 0.05 0.04 0.03 0.04
-0.12 -0.02 0.03 0.04 0.01 0.02
-0.03 0.00 0.01 0.01 0.00 0.00
0.00 0.01 0.00 0.00 0.00 0.00
0.02 0.03 0.05 0.04 0.04 0.04
0.64 0.57 0.58 0.56 0.57 0.61
-1.32 -11.18 6.94 8.89 18.99 3.87
0.81 0.54 0.40 0.44 0.46 0.35
15.35 4.54 9.14 9.44 9.66 7.58
-0.68 -0.08 0.16 0.21 0.10 0.22
 0.07 0.08 0.05 0.12 0.07 0.05
0.24 0.36 0.31 0.26 0.35 0.39
0.41 0.40 0.51 0.44 0.46 0.43
0.53 0.49 0.56 0.65 0.62 0.63
0.70 0.74 0.74 0.76 0.75 0.78
0.99 0.99 1.04 0.78 0.83 0.76
0.79 0.69 0.85 0.71 0.74 0.64

0.22 0.18 0.14 0.14 0.11 0.09

0.21 0.18 0.14 0.13 0.11 0.09
0.56 0.34 0.32 0.29 0.27 0.20
0.09 0.01 -0.02 -0.04 -0.04 -0.05
0.96 0.96 0.97 0.98 0.98 0.98

0.21 0.26 0.26 0.24 0.21 0.21

2.98 2.17 3.67 1.34 5.85 0.36
5.57 5.54 5.70 5.91 10.57 10.68
2.56 1.87 2.16 2.69 2.88 2.94

-11.53 -42.54 -10.10 6.74 -6.81 25.64

2009 2010 2011 2012 2013 2014

196,905 13,431,374 18,800,542 18,497,359 6,267,287 19,652,059
9,003,150 26,716,048 26,716,048 26,716,048 26,716,048 28,916,048
224,649 0 139,013 162,762 162,762 180,134
(9,030,894) (13,284,674) (8,054,519) (8,381,451) (20,611,523) (9,444,123)
1,566,184 (8,597,427) (13,162,035) (13,124,650) 407,901 (11,151,232)
66,901,252 67,835,146 85,031,770 83,707,785 85,095,007 94,235,026
637,602 836,931 1,679,456 1,978,549 2,747,400 2,153,091
15,088,332 9,871,141 17,781,686 11,376,781 11,381,975 21,742,246
49,610,034 55,706,188 64,071,908 69,050,447 69,433,452 68,770,255
1,565,284 1,420,886 1,498,720 1,302,008 1,532,180 1,569,434
68,664,341 72,669,093 90,670,277 89,080,494 91,770,195 102,735,853
3,120,880 3,414,524 4,436,142 4,006,569 5,361,695 5,102,984
151,068 89,355 94,322 86,002 226,184 139,478
1,067,708 1,050,754 3,100,803 5,602,423 446,589 3,000,000
20,179,329 13,190,048 17,547,640 12,734,898 14,853,257 18,105,414
40,592,094 52,924,512 55,309,362 54,078,762 61,469,729 64,417,139
11,891,428 12,360,000 11,022,942 10,816,957 9,871,986 8,221,947
8,494,604 8,570,106 5,373,083 5,018,268 5,432,207 5,450,262
32,097,490 44,354,406 49,936,279 49,060,494 56,037,522 58,966,877
3,720,695 2,443,805 4,755,911 4,637,334 4,691,552 4,563,290
8,327,171 8,126,201 10,799,180 12,952,774 10,153,396 12,857,810

5,913,317 6,775,565 8,385,608 8,583,566 7,622,425 9,429,216

 5,855,517 5,926,528 6,514,770 6,681,338 5,462,669 5,969,099
57,800 849,037 1,870,838 1,902,228 2,159,756 3,460,117
2,309,355 228,114 (2,629,853) (580,489) 633,475 367,613
(2,251,555) 620,923 4,500,691 2,482,717 1,526,281 3,092,504
662,187 1,184,804 846,586 1,064,666 1,324,580 1,720,363
2,663,091 3,041,273 3,988,359 4,076,652 4,378,939 4,681,452
2,747,856 3,153,601 3,779,045 4,213,559 4,407,927 4,692,044
(4,252,459) (1,235,546) 1,358,918 (529,269) (1,528,078) 131,415
(2,902,905) (1,131,154) 695,063 (344,271) (1,156,562) 86,860

900,315 2,671,605 2,671,605 2,671,605 2,671,605 2,671,605

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
6,510,410 (10,346,069) 8,225,230 (6,429,336) 156,936 1,540,395
13,454,187 18,460,536 24,940,371 31,108,094 24,066,080 30,156,360

0.01 0.13 0.22 0.22 0.28 0.37

0.00 0.01 0.02 0.02 0.02 0.03
-14.74 -0.08 0.04 -0.02 -0.18 0.00
-0.04 -0.02 0.01 0.00 -0.01 0.00
0.01 0.02 0.01 0.01 0.01 0.02
-0.03 0.01 0.05 0.03 0.02 0.03
0.99 0.87 0.78 0.78 0.72 0.63
-0.65 -2.55 2.78 -7.96 -2.88 35.70
0.41 0.38 0.43 0.42 0.49 0.42
4.15 2.66 4.46 3.96 3.33 2.73
-3.22 -0.42 0.26 -0.13 -0.43 0.03

0.05 0.05 0.05 0.05 0.06 0.05

0.29 0.18 0.19 0.14 0.16 0.18
0.47 0.61 0.55 0.55 0.61 0.57
0.72 0.77 0.71 0.78 0.76 0.67
0.97 0.93 0.94 0.94 0.93 0.92
0.82 0.95 0.86 0.78 0.89 0.94
0.63 0.81 0.68 0.67 0.76 0.71

0.29 0.23 0.20 0.20 0.16 0.13

0.21 0.16 0.10 0.09 0.09 0.08
60.39 0.92 0.59 0.58 1.58 0.42
0.27 0.03 -0.49 -0.12 0.12 0.07
0.71 0.69 0.49 0.46 0.55 0.66

0.00 0.18 0.21 0.21 0.07 0.19

68.33 1.37 1.33 1.68 3.84 1.53
0.22 5.03 7.04 6.92 2.35 7.36
251.95 4.15 3.41 3.73 11.08 3.50
 -2.24 9.15 11.83 18.68 -0.14 17.73

2009 2010 2011 2012 2013 2014

7,181,577 8,381,360 11,194,019 12,379,660 13,451,777 15,108,732
5,019,351 6,023,221 9,029,185 10,022,396 11,024,636 11,024,636
2,003,948 2,029,036 1,182,501 410,129 617,500 933,911
158,278 329,103 982,333 1,947,135 1,809,641 3,150,185
621,624 536,313 (260,875) (47,487) (169,134) 1,930,495
87,507,071 99,188,005 118,823,011 146,297,224 155,951,229 196,136,080
1,763,401 1,857,810 1,571,314 2,522,405 2,577,943 2,779,715
9,385,522 12,370,528 14,557,179 20,398,487 10,485,479 25,824,908
73,548,226 82,016,811 99,419,293 120,591,496 140,579,907 163,250,371
2,809,922 2,942,856 3,275,225 2,784,836 2,307,900 4,281,086
95,310,272 108,105,678 129,756,155 158,629,397 169,233,872 213,175,307
6,471,173 7,247,711 8,959,130 11,491,348 12,672,753 15,776,136
1,497,193 1,400,451 879,000 1,249,168 957,170 1,024,566
2,755,377 2,531,900 813,190 1,123,067 2,737,751 154,342
29,537,179 34,985,663 45,775,969 59,517,180 46,702,797 75,715,677
51,939,441 59,293,364 71,071,622 83,254,363 104,317,533 115,613,735
3,190,077 7,096,036 8,941,653 9,927,397 10,424,111 10,224,405
3,212,338 4,617,643 5,731,675 6,429,357 7,138,505 7,645,530
48,727,103 54,675,721 65,339,947 76,825,006 97,179,028 107,968,205
3,333,891 3,468,923 3,833,916 4,015,233 4,008,574 5,013,968
2,988,356 3,795,309 4,155,003 4,408,395 4,975,799 7,522,413

9,337,284 10,250,494 12,895,306 13,778,206 13,601,389 16,906,398

6,602,779 7,203,842 8,997,385 8,934,172 8,751,084 10,626,395
2,734,505 3,046,652 3,897,921 4,844,034 4,850,305 6,280,003
1,633,343 1,452,236 1,272,178 519,632 735,080 549,113
1,101,162 1,594,416 2,625,743 4,324,402 4,115,225 5,730,890
1,168,193 1,228,431 1,955,203 1,856,932 2,399,843 2,508,690
2,078,942 2,682,400 3,502,675 4,459,278 4,984,673 5,797,684
2,113,660 2,623,991 3,447,925 4,248,241 4,957,263 5,605,644
190,413 140,447 1,078,271 1,722,056 1,530,395 2,441,896
145,355 125,440 783,533 1,104,193 1,036,857 1,582,055

501,935 602,322 902,919 1,002,240 1,102,464 1,102,464

0.00 0.00 0.00 0.00 0.00 0.10
0.00 0.00 0.13 0.11 0.10 0.00
13,892,687 5,497,142 11,482,024 17,381,324 (10,887,531) 30,229,741
39,824,682 55,540,656 32,814,252 61,324,567 72,786,199 49,894,004

0.29 0.30 0.30 0.35 0.36 0.37

0.03 0.03 0.03 0.03 0.03 0.03
0.02 0.02 0.07 0.09 0.08 0.10
0.00 0.00 0.01 0.01 0.01 0.01
 0.01 0.01 0.02 0.01 0.01 0.01
0.01 0.01 0.02 0.03 0.02 0.03
0.71 0.70 0.70 0.65 0.64 0.63
11.10 18.68 3.20 2.47 3.24 2.30
0.20 0.23 0.24 0.29 0.31 0.30
1.81 2.14 1.76 2.29 2.07 2.23
0.29 0.21 0.87 1.10 0.94 1.44

0.08 0.08 0.08 0.08 0.08 0.08

0.31 0.32 0.35 0.38 0.28 0.36
0.51 0.51 0.50 0.48 0.57 0.51
0.77 0.76 0.77 0.76 0.83 0.77
0.92 0.92 0.92 0.92 0.92 0.92
0.71 0.72 0.71 0.69 0.74 0.71
0.63 0.63 0.62 0.59 0.69 0.61

0.06 0.12 0.13 0.12 0.10 0.09

0.06 0.08 0.08 0.08 0.07 0.07
0.44 0.85 0.80 0.80 0.77 0.68
0.51 0.31 0.22 0.08 0.10 0.07
1.01 0.65 0.64 0.65 0.68 0.75

0.08 0.08 0.09 0.08 0.08 0.07

5.55 6.63 2.93 4.95 5.41 3.30
14.31 13.92 12.40 12.35 12.20 13.70
10.24 9.79 8.88 9.74 10.45 10.81

95.58 43.82 14.65 15.74 -10.50 19.11

2009 2010 2011 2012 2013 2014

44,817,406 48,339,869 51,535,761 50,631,418 52,618,375 54,456,473
38,715,850 38,715,850 38,715,850 38,715,850 38,715,850 38,715,850
2,052,347 2,785,229 3,879,491 5,068,628 7,180,552 8,989,320
4,049,209 6,838,790 8,940,420 6,846,940 6,721,973 6,751,303
3,852,905 3,760,200 4,122,977 4,792,650 4,333,514 6,258,979
268,909,813 275,197,331 308,529,074 343,631,382 348,377,961 348,852,431
4,844,638 5,691,864 4,576,789 6,164,867 6,540,213 5,563,605
15,847,326 15,914,343 19,361,864 23,399,389 17,291,175 17,244,671
206,915,825 220,187,888 235,874,584 266,598,571 296,377,146 304,503,668
41,302,024 33,403,236 48,715,837 47,468,555 28,169,427 21,540,487
317,580,124 327,297,400 364,187,812 399,055,450 405,329,850 409,567,883
21,521,592 24,087,885 26,293,151 31,487,972 32,331,167 21,475,345
2,305,891 921,931 3,204,253 2,700,218 1,608,932 387,301
20,568,064 30,421,885 20,205,971 19,845,269 22,158,840 10,813,559
83,263,661 72,294,275 104,040,114 131,741,003 146,380,251 189,678,370
146,243,792 163,713,272 159,653,491 169,489,759 168,426,527 155,633,591
 21,388,480 22,581,390 26,102,557 27,473,845 24,938,439 23,095,733
16,783,638 18,991,715 22,344,611 24,571,487 22,187,973 21,450,000
129,460,154 144,721,557 137,308,880 144,918,272 146,238,554 134,183,591
7,003,915 6,606,225 6,437,023 6,381,584 6,172,744 6,282,553
53,456,847 48,243,642 66,698,420 61,981,132 50,439,362 46,747,164

27,242,261 28,569,842 32,825,124 32,214,232 31,493,338 35,269,158

10,725,651 11,016,266 11,907,713 12,337,997 12,687,175 13,873,493
16,516,610 17,553,576 20,917,411 19,876,235 18,806,163 21,395,665
9,447,907 4,359,235 4,507,477 3,578,599 (924,788) 483,495
7,068,703 13,194,341 16,409,934 16,297,636 19,730,951 20,912,170
6,924,143 12,997,894 6,192,553 7,311,963 5,881,048 7,400,269
12,477,127 13,439,371 14,016,159 14,287,244 9,243,814 12,944,432
12,148,873 12,997,894 13,408,462 14,045,547 8,966,028 12,496,824
1,515,719 5,757,685 8,586,328 9,322,355 16,368,185 15,368,007
872,411 3,740,855 5,553,141 6,045,864 10,699,319 9,814,885

3,871,585 3,871,585 3,871,585 3,871,585 3,871,585 3,871,585

0.00 0.06 0.10 0.20 0.00 0.23
0.00 0.00 - - - -
46,769,642 (9,718,375) 40,845,050 39,321,043 27,147,456 28,634,903
150,649,399 164,327,870 182,579,724 155,958,393 258,346,636 203,878,029

0.61 0.61 0.64 0.62 0.60 0.61

0.05 0.05 0.06 0.05 0.05 0.05
0.02 0.08 0.11 0.12 0.20 0.18
0.00 0.01 0.02 0.02 0.03 0.02
0.02 0.04 0.02 0.02 0.01 0.02
0.02 0.04 0.05 0.04 0.05 0.05
0.39 0.39 0.36 0.38 0.40 0.39
8.02 2.26 1.56 1.51 0.55 0.81
0.37 0.32 0.36 0.36 0.25 0.30
1.75 1.00 2.17 1.92 1.52 1.69
0.23 0.97 1.43 1.56 2.76 2.54

0.08 0.08 0.08 0.09 0.08 0.05

0.26 0.22 0.29 0.33 0.36 0.46
0.41 0.44 0.38 0.36 0.36 0.33
0.65 0.67 0.65 0.67 0.73 0.74
0.85 0.84 0.85 0.86 0.86 0.85
0.71 0.74 0.68 0.64 0.57 0.51
0.66 0.69 0.63 0.58 0.54 0.48

0.15 0.14 0.16 0.16 0.15 0.15

0.11 0.12 0.14 0.15 0.13 0.14
0.48 0.47 0.51 0.54 0.47 0.42
0.56 0.23 0.20 0.15 -0.04 0.02
 0.78 0.84 0.86 0.89 0.89 0.93

0.14 0.15 0.14 0.13 0.13 0.13

3.36 3.40 3.54 3.08 4.91 3.74
11.58 12.49 13.31 13.08 13.59 14.07
4.62 4.55 4.58 5.27 5.63 5.59

53.61 -2.60 7.36 6.50 2.54 2.92

2009 2010 2011 2012 2013 2014

4,065,941 3,494,032 5,575,929 2,842,075 1,050,042 11,017,324
5,000,000 7,250,660 10,779,796 10,779,796 10,779,796 10,779,796
1,064,828 (1,335,050) (1,811,675) (1,811,675) (1,811,675) 7,897,041
(1,998,887) (2,421,578) (3,392,192) (6,126,046) (7,918,079) (7,659,513)
(11,541) (220,764) 198,120 165,764 2,297,062 1,344,213
34,118,975 68,883,636 113,574,284 131,281,227 122,152,677 136,095,804
213,209 357,293 900,750 1,654,302 2,205,414 1,531,639
1,554,801 5,257,243 18,562,616 28,900,432 9,961,198 25,312,661
31,307,488 61,537,424 89,699,819 96,916,430 106,255,566 105,309,434
1,043,477 1,731,676 4,411,099 3,810,063 3,730,499 3,942,070
38,173,375 72,156,904 119,348,333 134,289,066 125,499,781 148,457,341
1,923,526 4,047,590 6,117,998 8,110,185 9,203,573 9,383,947
724,802 375,207 1,426,353 3,601,183 2,302,189 4,377,154
1,433,817 0 1,069,757 2,038,500 1,555,000 650,000
12,446,033 20,204,357 36,268,904 49,770,923 39,526,939 45,497,115
21,072,058 44,477,357 68,399,073 64,942,457 65,568,738 77,804,045
2,568,243 11,394,074 22,417,723 23,409,947 17,809,041 14,838,307
2,568,243 5,723,944 12,381,409 12,393,303 11,360,264 11,349,348
18,503,815 38,753,413 56,017,664 52,549,154 54,208,474 66,454,697
1,570,754 2,781,943 6,071,432 5,456,565 6,258,010 7,283,654
1,570,628 5,994,394 12,376,225 12,762,556 12,445,596 14,810,774

3,514,363 7,068,952 9,552,362 10,262,500 9,173,938 9,826,877

2,877,797 6,100,832 9,021,173 10,133,076 8,323,255 7,400,632
636,566 968,120 531,189 129,424 850,683 2,426,245
2,040,787 2,230,522 600,473 22,942 (836,426) 563,074
(1,404,221) 1,262,402 (69,284) 106,482 1,687,109 1,863,171
1,208,532 623,446 73,905 1,425,650 1,755,574 3,120,508
1,077,054 3,250,790 3,208,318 2,498,841 1,385,777 4,971,757
1,064,723 2,790,634 3,815,856 4,005,835 4,429,293 4,897,850
(2,285,586) (3,889,746) (3,208,318) (2,498,841) (1,385,777) 11,922
(2,066,790) (3,032,144) (1,209,268) (2,717,026) (1,813,475) 229,450

500,000 725,066 1,077,980 1,077,980 1,077,980 1,077,980

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
 8,975,769 4,361,206 8,330,664 17,593,639 (11,845,738) 1,298,958
35,826,776 45,997,746 45,997,746 54,414,503 79,151,479 111,449,565

0.18 0.14 0.06 0.01 0.09 0.25

0.02 0.01 0.00 0.00 0.01 0.02
-0.51 -0.87 -0.22 -0.96 -1.73 0.02
-0.05 -0.04 -0.01 -0.02 -0.01 0.00
0.03 0.01 0.00 0.01 0.01 0.02
-0.04 0.02 0.00 0.00 0.01 0.01
0.82 0.86 0.94 0.99 0.91 0.75
-0.47 -0.72 -1.19 -1.60 -3.20 410.82
0.23 0.42 0.33 0.21 0.13 0.38
0.88 4.48 51.63 2.81 2.52 1.57
-4.13 -4.18 -1.12 -2.52 -1.68 0.21

0.07 0.06 0.06 0.09 0.09 0.09

0.33 0.28 0.30 0.37 0.32 0.31
0.48 0.54 0.47 0.39 0.43 0.45
0.82 0.85 0.75 0.72 0.85 0.71
0.89 0.95 0.95 0.98 0.97 0.92
0.67 0.72 0.76 0.67 0.62 0.74
0.64 0.67 0.63 0.52 0.56 0.60

0.12 0.26 0.33 0.36 0.27 0.19

0.12 0.13 0.18 0.19 0.17 0.15
0.63 3.26 4.02 8.24 16.96 1.35
0.79 0.39 0.05 0.00 -0.07 0.05
1.00 0.50 0.55 0.53 0.64 0.76

0.11 0.05 0.05 0.02 0.01 0.07

8.81 13.16 8.25 19.15 75.38 10.12
8.13 4.82 5.17 2.64 0.97 10.22
7.70 17.61 16.09 34.10 101.19 9.56

-4.34 -1.44 -6.89 -6.48 6.53 5.66

2009 2010 2011 2012 2013 2014

55,914,736 63,919,969 75,219,724 83,845,615 95,499,445 94,589,280
11,128,907 12,241,798 12,241,798 12,241,798 12,241,798 12,241,798
21,167,954 24,101,838 27,495,959 32,298,690 38,049,345 34,130,131
23,617,875 27,576,333 35,481,967 39,305,127 45,208,302 48,217,351
11,403,627 11,214,211 11,975,235 18,082,083 15,773,702 30,927,172
573,103,548 651,288,371 721,158,030 860,418,660 972,359,569 985,897,655
5,166,361 5,074,700 5,879,043 7,615,382 16,600,691 9,553,585
37,168,277 47,631,814 49,955,704 69,693,579 41,077,730 53,065,156
503,831,672 567,611,258 634,796,624 752,785,895 889,525,603 895,083,053
 26,937,238 30,970,599 30,526,659 30,323,804 25,155,545 28,195,861
640,421,911 726,422,551 808,352,989 962,346,358 1,083,632,716 1,111,414,107
61,562,141 67,667,226 86,309,061 94,846,802 89,591,601 74,687,959
14,049,990 26,430,928 16,579,821 21,967,703 32,658,606 12,885,121
23,162,130 11,934,778 12,375,261 22,828,834 29,858,038 21,872,138
137,734,578 231,717,214 301,106,877 381,245,903 458,846,198 497,334,002
390,493,953 376,480,024 382,115,775 430,694,442 461,674,998 479,998,320
40,065,237 51,144,170 39,967,562 53,045,188 52,078,870 53,853,000
28,414,357 34,969,612 40,976,256 44,860,181 46,391,688 45,734,270
362,079,596 341,510,412 341,139,519 385,834,261 415,283,310 434,264,050
23,734,082 24,684,566 25,745,215 27,460,839 28,037,980 29,067,930
18,099,394 22,477,427 25,097,235 28,162,016 29,356,983 41,302,907

61,745,462 60,046,011 71,374,143 75,379,861 75,709,170 82,735,467

28,323,272 25,207,785 31,305,056 35,759,090 36,199,807 37,768,546
33,422,190 34,838,226 40,069,087 39,620,771 39,509,363 44,966,921
12,879,215 8,150,258 7,274,864 4,246,967 1,594,245 881,974
20,542,975 26,687,968 32,794,223 35,373,804 37,915,118 44,084,947
12,070,500 10,584,485 13,129,783 17,193,007 19,416,361 19,296,047
18,911,237 19,861,194 22,067,945 26,648,491 29,648,683 29,982,904
17,803,338 19,137,857 21,253,504 25,558,429 28,570,569 29,030,374
14,392,181 17,688,623 23,633,636 28,315,979 28,965,178 33,398,090
9,487,952 11,020,925 14,887,113 19,247,439 19,730,771 21,929,561

1,112,891 1,224,180 1,224,180 1,224,180 1,224,180 1,224,180

0.25 0.50 0.75 0.85 1.00 1
0.10 0.00 0.00 0.00 0.00 -
27,084,242 105,607,607 100,937,130 96,447,113 99,783,642 49,134,432
450,962,490 269,878,986 261,653,953 561,832,979 781,711,456 620,763,453

0.54 0.58 0.56 0.53 0.52 0.54

0.05 0.05 0.05 0.04 0.04 0.04
0.17 0.17 0.20 0.23 0.21 0.23
0.01 0.02 0.02 0.02 0.02 0.02
0.02 0.01 0.02 0.02 0.02 0.02
0.03 0.04 0.04 0.04 0.04 0.04
0.46 0.42 0.44 0.47 0.48 0.46
1.24 1.08 0.90 0.90 0.99 0.87
0.26 0.28 0.26 0.29 0.31 0.29
1.47 1.81 1.62 1.49 1.47 1.50
8.53 9.00 12.16 15.72 16.12 17.91

0.12 0.13 0.13 0.12 0.11 0.08

0.22 0.32 0.37 0.40 0.42 0.45
0.57 0.47 0.42 0.40 0.38 0.39
0.79 0.78 0.79 0.78 0.82 0.81
0.89 0.90 0.89 0.89 0.90 0.89
 0.78 0.66 0.60 0.57 0.52 0.54
0.72 0.61 0.56 0.52 0.50 0.51

0.10 0.14 0.10 0.12 0.11 0.11

0.07 0.09 0.11 0.10 0.10 0.10
0.72 0.80 0.53 0.63 0.55 0.57
0.45 0.23 0.18 0.09 0.03 0.02
0.71 0.68 1.03 0.85 0.89 0.85

0.09 0.09 0.09 0.09 0.09 0.09

8.07 4.22 3.48 6.70 8.19 6.56
50.24 52.21 61.44 68.49 78.01 77.27
9.01 8.88 8.44 8.98 9.31 9.46

2.85 9.58 6.78 5.01 5.06 2.24

2009 2010 2011 2012 2013 2014

(8,401,902) (2,357,651) 1,222,466 5,606,785 10,077,840 12,146,463
15,506,595 15,507,008 15,507,532 15,351,097 15,351,359 16,853,159
2,474,080 5,667,412 9,373,552 10,979,460 11,772,614 11,378,346
(26,382,577) (23,532,071) (23,658,618) (20,723,772) (17,046,133) (16,085,042)
3,667,038 4,112,638 4,652,301 5,199,596 7,702,077 97,992,358
134,175,343 142,867,257 143,294,600 149,120,463 158,300,606 80,947,376
750,837 382,039 424,070 437,560 811,713 652,922
83,291,453 80,411,173 77,880,976 79,150,776 80,333,857 25,155,511
13,993,545 19,388,626 17,327,235 17,409,405 21,686,761 33,908,489
36,139,508 42,685,419 47,662,319 52,122,722 55,468,275 21,230,454
129,440,479 144,622,244 149,169,367 159,926,844 176,080,523 191,086,197
2,732,123 3,938,119 3,877,536 4,394,234 4,634,081 5,678,993
18,153,423 12,711,768 13,365,262 9,982,892 10,581,129 6,849,522
514,714 108,802 875,567 811,007 5,677,789 2,192,109
11,287,064 14,337,679 19,545,836 25,586,717 27,818,123 33,993,017
101,603,284 114,863,661 114,608,118 119,066,658 126,060,305 139,349,998
29,549,247 32,828,790 34,587,578 33,899,620 31,969,064 32,578,968
20,845,933 20,875,323 21,023,365 20,287,725 19,994,928 19,881,886
80,757,351 93,988,338 93,584,753 98,778,933 106,065,377 119,468,112
5,092,505 5,088,581 5,075,281 4,805,267 6,099,597 6,355,719
10,903,299 14,448,957 12,845,132 15,567,794 15,204,427 16,548,725

10,961,387 11,382,350 12,151,910 13,767,002 15,472,593 18,077,543

6,273,993 5,567,663 5,189,038 4,503,051 4,682,083 3,111,035
4,687,354 5,814,687 6,962,872 9,263,951 10,790,510 14,966,508
1,823,956 1,756,218 577,698 1,208,809 1,074,299 1,429,018
2,863,438 4,188,997 6,385,174 8,055,142 9,716,211 13,537,490
6,310,426 4,967,514 3,388,110 4,596,818 5,274,490 4,901,074
6,912,356 6,693,127 6,255,355 9,050,759 9,629,166 10,009,180
 6,616,341 6,684,865 6,078,069 8,627,660 9,620,605 9,968,936
3,131,648 2,463,384 3,517,929 3,601,201 5,361,535 8,429,384
1,731,787 1,482,473 2,388,062 2,272,799 1,954,495 5,480,840

1,511,541 1,497,415 1,497,421 1,495,851 1,495,859 1,510,877

N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A
(34,771) (220,985) 2,187,342 (165,921) 2,029,607 2,409,404
26,032,331 15,407,849 14,675,717 15,999,364 15,205,774 7,020,284

0.43 0.51 0.57 0.67 0.70 0.83

0.04 0.04 0.05 0.06 0.06 0.08
-0.21 -0.63 1.95 0.41 0.19 0.45
0.01 0.01 0.02 0.01 0.01 0.03
0.05 0.03 0.02 0.03 0.03 0.03
0.02 0.03 0.04 0.05 0.06 0.07
0.57 0.49 0.43 0.33 0.30 0.17
2.11 2.71 1.73 2.40 1.79 1.18
0.40 0.41 0.40 0.49 0.46 0.44
1.05 1.35 1.79 1.88 1.82 2.03
1.15 0.99 1.59 1.52 1.31 3.63

0.16 0.12 0.12 0.09 0.09 0.07

0.09 0.10 0.13 0.16 0.16 0.18
0.62 0.65 0.63 0.62 0.60 0.63
0.11 0.13 0.12 0.11 0.12 0.18
1.04 0.99 0.96 0.93 0.90 0.42
7.26 5.92 6.61 6.84 5.81 4.11
1.04 1.15 1.20 1.23 1.24 2.36

0.29 0.29 0.30 0.28 0.25 0.23

0.21 0.18 0.18 0.17 0.16 0.14
-3.52 -13.92 28.29 6.05 3.17 2.68
0.09 0.08 0.03 0.06 0.05 0.07
0.71 0.64 0.61 0.60 0.63 0.61

-0.06 -0.02 0.01 0.04 0.06 0.06

-3.10 -6.54 12.01 2.85 1.51 0.58
-5.56 -1.57 0.82 3.75 6.74 8.04
-1.67 -8.22 14.17 3.11 2.15 2.79

-0.02 -0.15 0.92 -0.07 1.04 0.44

2009 2010 2011 2012 2013 2014

(27,804,610) (27,709,145) (27,673,517) (27,501,369) (27,375,507) (27,008,838)
157,000 157,000 157,000 1 1 1
 750,548 750,548 750,548 0 0 -
(28,712,158) (28,616,693) (28,581,065) (27,501,370) (27,375,508) (27,008,839)
(365,817) (254,642) (227,663) 34,191 302,310 365,326
33,978,550 33,121,740 33,045,645 32,014,057 30,870,296 30,881,083
38,612 13,717 20,096 10,559 5,927 5,595
22,305,318 22,466,356 22,553,874 24,292,043 23,409,994 23,409,994
3,796,797 3,313,563 3,274,523 575,373 328,049 155,757
7,837,823 7,328,104 7,197,152 7,136,082 7,126,326 7,309,737
5,808,123 5,157,953 5,144,465 4,546,879 3,797,099 4,237,571
183,885 150,299 137,589 57,432 56,600 41,269
50,313 64,681 59,750 20,171 21,802 12,621
481,269 108,802 75,567 61,007 431,073 656,919
3,178,546 3,015,974 2,864,998 1,930,923 830,800 1,058,537
6,411,877 6,266,499 6,294,331 6,247,019 6,254,100 6,018,848
6,283,508 6,158,107 6,226,954 6,221,583 6,243,306 6,009,136
6,269,695 6,158,107 6,192,209 6,193,926 6,215,376 6,009,136
142,182 108,392 102,122 53,093 38,724 9,712
120,568 123,390 59,364 55,240 51,404 49,443
1,651,360 1,586,415 1,845,075 2,369,013 2,366,696 2,409,070

404,055 284,378 300,466 74,435 198,721 173,553

689,973 537,511 586,866 105,173 197,905 19,229
(285,958) (253,133) (286,400) (30,738) 816 154,324
(159,224) 65,264 (96,224) (9,278) (53,422) (144,065)
(126,694) (187,869) (190,176) (21,460) 54,238 298,389
422,828 477,293 223,134 76,205 264,505 190,430
155,888 192,004 35,967 78,331 214,448 119,016
180,890 196,798 187,125 78,228 212,393 117,104
140,246 97,420 (3,009) (23,586) 104,295 369,803
138,095 95,465 35,628 (23,866) 101,996 366,670

1,570 1,570 1,570 0 0 -

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
(756,259) (280,827) (255,917) (1,016,245) (2,446,154) (6,021)
145,208 141,970 142,059 142,059 132,441 132,441

-0.71 -0.89 -0.95 -0.41 0.00 0.89

-0.05 -0.05 -0.06 -0.01 0.00 0.04
-0.01 0.00 0.00 0.00 0.00 -0.01
0.02 0.02 0.01 -0.01 0.03 0.09
0.07 0.09 0.04 0.02 0.07 0.04
-0.02 -0.04 -0.04 0.00 0.01 0.07
1.71 1.89 1.95 1.41 1.00 0.11
1.29 2.02 -62.19 -3.32 2.04 0.32
0.19 0.25 0.07 0.52 0.46 0.33
0.43 0.41 0.84 1.03 0.80 0.61
 8.80 60.81 22.69 -477320.00 2039920.00 7333400.00

0.04 0.04 0.04 0.02 0.02 0.01

0.55 0.58 0.56 0.42 0.22 0.25
0.02 0.02 0.02 0.01 0.01 0.00
0.65 0.64 0.64 0.13 0.09 0.04
5.85 6.42 6.42 7.04 8.13 7.29
1.69 1.89 1.92 10.86 19.06 38.64
0.25 0.24 0.24 0.25 0.26 0.26

0.98 0.98 0.99 1.00 1.00 1.00

0.98 0.98 0.98 0.99 0.99 1.00
-0.23 -0.22 -0.23 -0.23 -0.23 -0.22
-0.03 0.01 -0.02 0.00 -0.01 -0.02
1.00 1.00 0.99 1.00 1.00 1.00

-4.79 -5.37 -5.38 -6.05 -7.21 -6.37

-0.01 -0.01 -0.01 -0.01 0.00 0.00
-17709.90 17649.14 -17626.44 -550027380.00 -547510140.00 -540176760.00
-0.14 -0.12 -0.12 -0.02 -0.01 -0.01

-5.48 -2.94 -7.18 42.58 -23.98 -0.02

2009 2010 2011 2012 2013 2014

2,426,535 2,184,805 1,792,619 1,332,191 1,005,612 626,363
2,392,507 2,392,507 2,392,507 2,392,507 2,392,507 2,392,507
235,636 234,660 206,526 206,526 206,526 206,526
(201,608) (442,362) (806,414) (1,266,842) (1,593,421) (1,972,670)
(69,984) (61,157) (48,075) 12,527 (1,494) 63,003
5,192,070 4,508,821 5,453,199 7,623,367 6,019,704 4,610,986
54,542 40,505 183,863 102,132 85,775 58,298
1,728,922 1,437,604 2,125,447 3,566,576 1,748,960 776,168
2,934,403 2,651,948 2,647,157 3,328,001 3,713,111 3,343,102
474,203 378,764 496,732 626,658 471,858 433,418
7,548,621 6,632,469 7,197,743 8,968,085 7,023,822 5,300,352
213,861 228,062 214,606 278,430 314,880 366,783
79,660 20,912 5,222 38,686 2,286 2,835
33,445 0 800,000 750,000 800,000 215,000
2,701,816 2,680,334 3,129,260 4,662,705 2,653,388 1,446,493
9,243,470 8,744,596 8,655,771 8,054,531 8,113,037 8,253,602
6,166,877 5,995,141 5,937,822 5,563,980 5,650,444 5,640,890
5,285,573 5,436,997 5,936,892 5,199,535 5,260,662 5,324,865
3,957,897 3,307,599 2,718,879 2,854,996 2,852,375 2,928,737
122,462 132,586 112,305 124,610 128,218 130,415
439,480 262,976 217,471 258,658 272,675 210,089
 879,072 647,521 693,798 790,315 715,246 788,780
523,653 350,732 421,408 534,021 477,873 542,594
355,419 296,789 272,390 256,294 237,373 246,186
58,921 166,780 (8,318) 65,708 78,540 78,096
296,498 130,009 280,708 190,586 158,833 168,090
21,478 62,287 20,751 18,329 25,819 87,528
1,216,276 529,348 566,083 600,093 610,874 633,949
1,236,080 517,111 561,436 595,700 605,052 596,050
(28,160) (337,052) (264,624) (391,178) (426,222) (378,331)
(33,894) (297,652) (272,488) (399,758) (430,699) (387,073)

239,251 239,251 239,251 239,251 239,251 239,251

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
(539,136) (4,386) 500,408 1,655,489 (1,853,345) (1,531,920)
2,988,550 3,658,819 3,605,865 4,950,066 2,998,958 2,295,562

0.40 0.46 0.39 0.32 0.33 0.31

0.05 0.04 0.04 0.03 0.03 0.05
-0.01 -0.14 -0.15 -0.30 -0.43 -0.62
0.00 -0.04 -0.04 -0.04 -0.06 -0.07
0.00 0.01 0.00 0.00 0.00 0.02
0.04 0.02 0.04 0.02 0.02 0.03
0.60 0.54 0.61 0.68 0.67 0.69
-43.89 -1.53 -2.12 -1.52 -1.42 -1.58
1.35 0.75 0.79 0.74 0.82 0.72
57.55 8.30 27.06 32.50 23.43 6.81
-0.14 -1.24 -1.14 -1.67 -1.80 -1.62

0.04 0.04 0.03 0.04 0.05 0.07

0.36 0.40 0.43 0.52 0.38 0.27
0.52 0.50 0.38 0.32 0.41 0.55
0.39 0.40 0.37 0.37 0.53 0.63
0.69 0.68 0.76 0.85 0.86 0.87
3.15 3.30 3.27 2.42 2.19 2.47
1.98 2.14 1.81 1.17 1.49 2.00

0.67 0.69 0.69 0.69 0.70 0.68

0.57 0.62 0.69 0.65 0.65 0.65
2.54 2.74 3.31 4.18 5.62 9.01
0.01 0.03 0.00 0.01 0.01 0.01
0.86 0.91 1.00 0.93 0.93 0.94

0.32 0.33 0.25 0.15 0.14 0.12

1.23 1.67 2.01 3.72 2.98 3.66
10.14 9.13 7.49 5.57 4.20 2.62
1.21 1.21 1.48 2.50 3.69 5.34
 15.91 0.01 -1.84 -4.14 4.30 3.96

2009 2010 2011 2012 2013 2014

87,361 2,304,214 4,095,740 6,178,812 6,661,076 6,863,187
434,647 435,060 435,584 436,148 436,410 1,938,210
401,727 2,797,793 6,103,037 7,941,588 8,060,799 6,581,685
(749,013) (928,639) (2,442,881) (2,198,924) (1,836,133) (1,656,708)
3,608,391 3,586,269 3,614,196 3,353,994 4,545,069 4,598,141
10,016,170 9,355,390 6,649,263 5,019,720 5,403,341 6,524,069
44,305 21,777 11,994 30,845 13,746 27,065
8,000,000 5,250,000 1,944,442 0 0 -
1,837,175 3,820,343 2,443,098 2,409,075 2,747,708 3,707,719
134,690 263,270 2,249,729 2,579,800 2,641,887 2,789,285
13,711,922 15,245,873 14,359,199 14,552,526 16,609,486 17,985,397
601,882 814,147 468,879 533,867 634,679 779,550
2,017,990 1,709,436 2,123,846 923,473 1,186,887 1,240,883
0 0 0 0 800,000 500,000
451,012 799,673 1,503,620 1,108,617 791,599 2,150,672
8,177,689 7,385,647 7,625,939 9,416,313 9,468,639 9,581,782
4,113,247 3,430,614 2,498,221 2,189,476 2,303,522 2,265,220
1,443,914 1,605,894 1,605,893 1,605,893 1,606,077 1,606,077
6,733,775 5,779,753 6,020,046 7,810,420 7,862,562 7,975,705
3,705,253 3,700,872 3,736,445 3,445,150 4,571,028 4,594,887
202,010 2,441,992 506,363 730,999 762,731 743,700

1,193,637 1,553,750 1,647,318 1,580,867 1,595,985 1,619,737

1,570,956 965,655 386,027 126,469 115,098 149,263
(377,319) 588,095 1,261,291 1,454,398 1,480,887 1,470,474
0 158,452 0 88,059 (1,778) -
(377,319) 429,643 1,261,291 1,366,339 1,482,665 1,470,474
77,394 76,830 73,906 85,896 100,732 109,944
679,146 681,299 826,794 1,325,678 1,110,867 1,469,612
678,896 680,681 826,662 877,831 1,147,041 1,469,612
(979,071) (174,826) 508,403 126,557 472,530 110,806
(979,071) (179,626) 479,773 106,896 478,728 83,859

4,346 4,351 4,356 4,356 4,364 19,382

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
(321,956) (2,135,260) (2,529,962) (3,326,137) 230,713 1,516,968
11,586,667 241,483 392,711 372,157 270,384 23,086

-0.32 0.38 0.77 0.92 0.93 0.91

-0.03 0.04 0.09 0.10 0.09 0.08
-11.21 -0.08 0.12 0.02 0.07 0.01
 -0.07 -0.01 0.03 0.01 0.03 0.00
0.01 0.01 0.01 0.01 0.01 0.01
-0.03 0.03 0.09 0.09 0.09 0.08
1.32 0.62 0.23 0.08 0.07 0.09
-0.69 -3.89 1.63 6.94 2.43 13.26
0.53 0.42 0.48 0.80 0.65 0.85
8.77 8.86 11.19 10.22 11.39 13.37
-225.26 -41.29 110.14 24.54 109.70 4.33

0.19 0.17 0.18 0.10 0.11 0.11

0.03 0.05 0.10 0.08 0.05 0.12
0.49 0.38 0.42 0.54 0.47 0.44
0.13 0.25 0.17 0.17 0.17 0.21
0.73 0.61 0.46 0.34 0.33 0.36
4.45 1.93 3.12 3.91 3.45 2.58
0.83 0.81 1.74 3.91 3.45 2.58

0.50 0.46 0.33 0.23 0.24 0.24

0.18 0.22 0.21 0.17 0.17 0.17
47.08 1.49 0.61 0.35 0.35 0.33
0.00 0.10 0.00 0.05 0.00 0.00
0.35 0.47 0.64 0.73 0.70 0.71

0.01 0.15 0.29 0.42 0.40 0.38

132.63 0.10 0.10 0.06 0.04 0.00
20.10 529.63 940.25 1418.46 1526.37 354.10
21.03 1.66 0.60 0.39 0.41 0.54

0.33 11.89 -5.27 -31.12 0.48 18.09

2009 2010 2011 2012 2013 2014

16,888,812 20,862,475 23,007,624 25,597,151 29,786,659 31,665,751
12,522,441 12,522,441 12,522,441 12,522,441 12,522,441 12,522,441
1,086,169 1,884,411 2,313,441 2,831,346 3,505,289 4,590,135
3,280,202 6,455,623 8,171,742 10,243,364 13,758,929 14,553,175
494,448 842,168 1,313,843 1,798,884 2,856,192 92,965,888
84,988,553 95,881,306 98,146,493 104,463,319 116,007,265 38,931,238
613,378 306,040 208,117 294,024 706,265 561,964
51,257,213 51,257,213 51,257,213 51,292,157 55,174,903 969,349
5,425,170 9,602,772 8,962,457 11,096,956 14,897,893 26,701,911
27,692,792 34,715,281 37,718,706 41,780,182 45,228,204 10,698,014
102,371,813 117,585,949 122,467,960 131,859,354 148,650,116 163,562,877
1,732,495 2,745,611 3,056,462 3,524,505 3,627,922 4,491,391
16,005,460 10,916,739 11,176,444 9,000,562 9,370,154 5,593,183
0 0 0 0 3,646,716 820,190
4,955,690 7,841,698 12,047,958 17,884,472 23,542,336 29,337,315
77,770,248 92,466,919 92,032,077 95,348,795 102,224,529 115,495,766
12,985,615 17,244,928 19,924,581 19,924,581 17,771,792 18,663,722
7,846,751 7,674,325 7,288,371 7,288,371 6,912,813 6,941,808
69,923,497 84,792,594 84,743,706 88,060,424 95,311,716 108,553,958
1,144,222 1,131,733 1,167,167 1,180,267 1,348,947 1,580,974
8,610,449 10,157,574 10,276,223 12,209,124 11,802,325 13,185,866

8,484,623 8,896,701 9,510,328 11,321,385 12,962,641 15,495,473

3,489,411 3,713,765 3,794,737 3,737,388 3,891,207 2,399,949
4,995,212 5,182,936 5,715,591 7,583,997 9,071,434 13,095,524
1,924,259 1,365,722 682,240 1,064,320 1,050,959 1,494,987
3,070,953 3,817,214 5,033,351 6,519,677 8,020,475 11,600,537
5,788,726 4,351,104 3,070,319 4,416,388 4,883,434 4,513,172
4,861,046 5,290,476 4,826,511 7,046,657 7,692,977 7,786,603
4,520,475 5,290,275 4,502,846 7,075,901 7,656,119 7,786,170
3,998,633 2,877,842 3,277,159 3,889,408 5,210,932 8,327,106
2,606,657 1,864,286 2,145,149 2,589,527 1,804,470 5,417,384

1,252,244 1,252,244 1,252,244 1,252,244 1,252,244 1,252,244

0.00 0.00 0.00 0.00 0.00 -
0.00 0.00 0.00 0.00 0.00 -
1,582,580 2,199,488 4,472,813 2,520,972 6,098,393 2,430,377
11,311,906 11,365,577 10,535,082 10,535,082 11,803,991 4,569,195

0.59 0.58 0.60 0.67 0.70 0.85

0.05 0.04 0.05 0.06 0.06 0.08
0.15 0.09 0.09 0.10 0.06 0.17
0.03 0.02 0.02 0.02 0.01 0.03
0.06 0.04 0.03 0.03 0.03 0.03
0.03 0.03 0.04 0.05 0.05 0.07
0.41 0.42 0.40 0.33 0.30 0.15
1.13 1.84 1.37 1.82 1.47 0.94
0.34 0.40 0.38 0.45 0.43 0.39
0.78 1.22 1.47 1.60 1.57 1.73
2.08 1.49 1.71 2.07 1.44 4.33

0.17 0.12 0.12 0.10 0.09 0.06

0.05 0.07 0.10 0.14 0.16 0.18
0.68 0.72 0.69 0.67 0.64 0.66
0.05 0.08 0.07 0.08 0.10 0.16
0.83 0.82 0.80 0.79 0.78 0.24
14.34 9.63 10.27 8.59 6.86 4.33
1.37 1.52 1.53 1.53 1.46 4.17

0.17 0.19 0.22 0.21 0.17 0.16

0.10 0.08 0.08 0.08 0.07 0.06
0.77 0.83 0.87 0.78 0.60 0.59
 0.25 0.18 0.09 0.15 0.15 0.22
0.60 0.45 0.37 0.37 0.39 0.37

0.17 0.18 0.19 0.19 0.20 0.19

0.67 0.54 0.46 0.41 0.40 0.14
13.49 16.66 18.37 20.44 23.79 25.29
0.32 0.46 0.39 0.43 0.50 0.84

0.61 1.18 2.09 0.97 3.38 0.45

2009 2010 2011 2012 2013 2014

35,848,774 34,798,653 42,610,496 40,719,620 39,950,285 33,312,182
34,884,218 33,990,807 38,719,753 41,149,068 42,343,924 32,893,152
92,715 125,573 149,286 154,932 161,613 156,327
871,841 682,273 3,741,457 (584,380) (2,555,252) 262,703
(109,477) (290,802) (156,810) 18,339 (137,435) 562,570
205,297,310 198,745,518 212,862,403 205,977,402 223,973,670 203,836,313
3,597,659 5,563,282 3,985,328 3,685,078 3,568,916 3,571,754
16,730,580 15,425,137 21,464,351 23,815,591 51,550,107 76,248,147
160,936,430 156,330,793 167,870,827 158,799,200 151,076,666 107,508,592
24,032,641 21,426,306 19,541,897 19,677,533 17,777,981 16,507,820
241,036,607 233,253,369 255,316,089 246,715,361 263,786,520 237,711,065
34,793,226 32,794,541 38,476,243 41,734,099 40,765,911 27,281,096
16,269,846 4,071,743 4,428,638 14,002,488 2,606,160 1,811,308
32,117,954 36,480,166 18,354,071 30,102,521 28,170,848 12,740,528
52,372,610 79,809,697 113,381,404 85,518,862 120,713,675 126,977,403
95,113,870 71,494,989 73,215,564 67,871,914 61,842,434 62,537,377
6,390,991 9,092,759 7,600,522 9,112,571 6,234,872 4,756,133
4,788,386 5,866,992 6,803,909 8,550,234 6,306,239 4,849,382
90,325,484 65,627,997 66,411,655 59,321,680 55,536,195 57,687,995
3,589,490 2,223,119 2,176,487 1,741,337 1,358,996 1,073,330
11,567,997 12,246,106 12,087,591 14,294,374 14,634,735 10,139,405

22,263,026 20,412,048 24,027,713 20,465,084 17,198,947 17,616,770

12,197,135 5,093,661 12,183,100 10,034,708 7,766,752 7,506,303
10,065,891 9,890,805 11,844,613 10,430,376 9,432,195 10,110,467
4,727,009 2,621,491 1,304,605 1,902,267 (209,705) (30,214)
5,340,538 7,313,652 10,540,008 8,528,109 9,641,900 10,140,681
5,608,678 4,838,183 4,551,421 4,677,921 2,211,106 2,828,630
12,054,031 9,536,841 9,730,146 11,363,855 8,907,874 6,546,952
11,898,100 9,360,937 9,633,773 11,284,006 8,899,615 6,459,573
(850,572) 2,046,648 5,600,422 999,293 2,945,132 6,532,767
(809,378) 959,711 3,660,658 (173,320) 1,605,345 4,126,118

26,615,972 12,685,046 28,223,861 (2,054,026) 34,135,795 15,446,451

389,092,022 445,240,807 456,416,758 408,532,273 722,877,012 627,126,378
 0.45 0.48 0.49 0.51 0.55 0.57
0.04 0.07 0.05 0.04 0.04 0.04
-0.02 0.03 0.09 0.00 0.04 0.12
0.00 0.00 0.01 0.00 0.01 0.02
0.02 0.02 0.02 0.02 0.01 0.01
0.02 0.03 0.04 0.03 0.04 0.04
0.55 0.25 0.51 0.49 0.45 0.43
-13.99 4.57 1.72 11.29 3.02 0.99
0.43 0.38 0.34 0.45 0.46 0.32
2.12 1.93 2.12 2.41 4.02 2.28

0.21 0.16 0.17 0.23 0.16 0.12

0.22 0.34 0.44 0.35 0.46 0.53
0.37 0.28 0.26 0.24 0.21 0.24
0.67 0.67 0.66 0.64 0.57 0.45
0.85 0.85 0.83 0.83 0.85 0.86
0.59 0.46 0.44 0.43 0.41 0.58
0.54 0.42 0.39 0.37 0.31 0.34

0.07 0.13 0.10 0.13 0.10 0.08

0.05 0.08 0.09 0.13 0.10 0.08
0.18 0.26 0.18 0.22 0.16 0.14
0.99 0.45 0.19 0.22 -0.03 -0.01
0.75 0.65 0.90 0.94 1.01 1.02

0.15 0.15 0.17 0.17 0.15 0.14

10.85 12.79 10.71 10.03 18.09 18.83
4.49 4.49 3.94 3.90 3.78 3.23

-32.88 13.22 7.71 11.85 21.26 3.74

Not available Not available Not available Not available Not available Not available
 (Thousand Rupees)
2009 2010 2011
6,840,022 6,476,901 6,921,917 Not available Not available Not available
9,320,564 9,756,756 9,756,756
0 0 0
(2,480,542) (3,279,855) (2,834,839)
5,578 (8,849) 2,242
35,697,127 41,812,643 51,099,611
317,339 402,249 573,408
2,988,707 7,193,234 4,437,328
29,920,456 32,301,878 44,664,909
2,470,625 1,915,282 1,423,966
42,542,727 48,280,695 58,023,770
2,434,134 2,912,164 3,725,801
1,517,901 2,189,397 2,649,904
5,857,743 1,646,369 4,038,234
11,625,172 21,014,371 23,791,214
18,228,753 17,897,052 21,506,942
931,048 612,471 644,049
194,968 460,193 508,545
18,033,785 17,436,859 20,998,397
1,451,343 928,091 802,563
1,622,649 2,153,444 2,017,657

3,336,395 4,391,663 5,517,128

2,000,062 2,756,649 3,507,884
1,336,333 1,635,014 2,009,244
161,127 268,149 50,886
1,175,206 1,366,865 1,958,358
72,953 359,985 517,865
3,976,964 2,486,406 2,061,999
3,975,517 2,484,133 2,024,219
(2,343,683) (1,224,843) 653,363
(1,671,128) (799,313) 445,016

2,554,422 10,264,246 4,181,079

8,426,357 9,490,085 21,707,157

0.40 0.37 0.36

0.03 0.03 0.03
 -0.24 -0.12 0.06
-0.04 -0.02 0.01
0.00 0.01 0.01
0.03 0.03 0.03
0.60 0.63 0.64
-1.70 -2.03 3.10
1.17 0.52 0.34
54.49 6.90 3.91

0.09 0.11 0.11

0.27 0.44 0.41
0.42 0.36 0.36
0.70 0.67 0.77
0.84 0.87 0.88
0.61 0.55 0.48
0.55 0.45 0.44

0.05 0.03 0.03

0.01 0.03 0.02
0.14 0.09 0.09
0.83 0.58 0.10
0.21 0.75 0.79

0.16 0.13 0.12

1.23 1.47 3.14
4.37 4.99 6.45

-1.53 -12.84 9.40

2009 2010 2011 2012 2013 2014

8,652,136 9,139,755 10,843,167 8,975,074 8,624,658 10,025,646
6,780,848 6,812,671 6,812,671 6,812,671 6,812,671 6,812,671
92,715 125,573 149,286 154,932 161,613 156,327
1,778,573 2,201,511 3,881,210 2,007,471 1,650,374 3,056,648
(126,721) (274,283) (153,137) 16,512 (67,274) 508,383
81,255,385 88,488,440 86,253,872 76,204,631 51,329,005 70,719,943
1,654,759 1,164,263 2,028,623 2,185,724 1,284,956 1,564,744
5,561,411 4,342,038 11,231,101 141,666 909,854 14,012,805
58,147,204 68,304,814 61,678,515 64,293,565 40,936,496 48,143,989
15,892,011 14,677,325 11,315,633 9,583,676 8,197,699 6,998,405
89,780,800 97,353,912 96,943,902 85,196,217 59,886,389 81,253,972
7,706,034 7,001,789 6,990,879 6,770,561 3,991,465 4,267,790
2,735,953 1,396,604 1,149,455 6,035,738 602,119 170,697
10,155,661 11,410,316 1,339,057 14,913,193 9,202,344 2,826,481
33,122,217 50,236,317 60,399,022 31,339,172 25,239,845 39,326,537
31,204,853 23,731,204 24,278,087 24,441,680 17,098,582 31,621,083
 3,158,076 4,309,629 5,506,335 6,207,490 3,548,054 3,425,347
2,959,824 4,486,991 5,457,684 6,185,998 3,541,995 3,425,493
28,245,029 19,244,213 18,820,403 18,255,682 13,556,587 28,195,590
1,266,456 865,640 634,699 366,664 153,846 355,154
6,549,450 7,199,033 7,610,387 7,515,207 7,140,183 6,111,723

9,983,377 9,373,975 10,279,671 8,262,997 4,808,111 6,921,301

4,720,788 4,241,090 4,580,040 3,030,151 2,103,808 2,866,462
5,262,589 5,132,885 5,699,631 5,232,846 2,704,303 4,054,839
3,285,903 1,942,347 1,171,851 822,094 (685,437) (128,922)
1,976,686 3,190,538 4,527,780 4,410,752 3,389,740 4,183,761
2,449,934 2,053,698 2,049,204 2,455,997 2,161,134 2,241,242
4,124,032 4,047,233 4,053,148 4,463,319 2,664,500 1,822,355
3,987,382 3,879,891 4,002,884 4,396,399 2,681,434 1,750,685
302,588 1,197,003 2,523,836 2,403,430 2,886,374 4,602,648
88,973 422,938 1,756,037 1,477,142 1,675,236 3,090,561

17,837,265 1,562,704 1,320,908 860,554 (12,938,127) 7,820,886

287,394,471 307,209,267 273,951,876 166,965,936 272,075,451 154,835,873

0.53 0.55 0.55 0.63 0.56 0.59

0.06 0.05 0.06 0.06 0.05 0.05
0.01 0.05 0.16 0.16 0.19 0.31
0.00 0.00 0.02 0.02 0.03 0.04
0.03 0.02 0.02 0.03 0.04 0.03
0.02 0.03 0.05 0.05 0.06 0.05
0.47 0.45 0.45 0.37 0.44 0.41
13.18 3.24 1.59 1.83 0.93 0.38
0.33 0.35 0.33 0.42 0.38 0.20
1.63 1.89 1.95 1.79 1.24 0.78

0.12 0.09 0.08 0.15 0.08 0.05

0.37 0.52 0.62 0.37 0.42 0.48
0.31 0.20 0.19 0.21 0.23 0.35
0.65 0.70 0.64 0.75 0.68 0.59
0.91 0.91 0.89 0.89 0.86 0.87
0.54 0.35 0.39 0.38 0.42 0.66
0.49 0.33 0.33 0.38 0.41 0.51

0.10 0.18 0.23 0.25 0.21 0.11

0.09 0.19 0.22 0.25 0.21 0.11
0.37 0.47 0.51 0.69 0.41 0.34
1.11 0.43 0.21 0.13 -0.19 -0.04
0.94 1.04 0.99 1.00 1.00 1.00

0.10 0.09 0.11 0.11 0.14 0.12

33.22 33.61 25.26 18.60 31.55 15.44
 6.72 7.47 5.69 7.16 4.75 4.80

200.48 3.69 0.75 0.58 -7.72 2.53

2009 2010 2011 2012 2013 2014

5,169,257 5,274,418 6,047,337 5,971,021 5,288,386 5,146,124
3,877,033 3,667,876 3,724,146 4,115,584 4,649,699 3,914,059
0 0 0 0 0 -
1,292,224 1,606,542 2,323,191 1,855,437 638,687 1,232,065
(34) (321) (11,538) (9,557) (1,777) 16,837
10,013,789 12,160,786 16,205,772 22,987,100 22,517,392 16,544,604
217,050 2,640,728 238,907 297,362 324,717 629,787
1,063,547 443,891 1,523,062 317,883 4,004,649 860,407
6,005,209 6,065,947 11,118,869 18,354,233 15,849,131 12,663,537
2,727,983 3,010,220 3,324,934 4,017,622 2,338,895 2,390,873
15,183,012 17,434,883 22,241,571 28,948,564 27,804,001 21,707,565
4,764,709 4,722,669 4,590,065 5,630,489 6,193,227 5,523,757
128,632 37,134 38,505 2,058,913 208,293 492,331
5,350,170 6,223,146 7,640,386 7,414,392 9,757,121 6,312,559
490,909 2,046,309 5,587,411 7,747,304 5,428,718 842,929
3,838,528 3,665,213 3,387,183 4,369,198 4,657,678 7,033,875
381,517 3,245,948 376,923 357,570 357,570 347,570
381,517 419,265 400,165 389,684 392,343 430,805
3,457,011 3,245,948 2,987,018 3,979,514 4,265,335 6,603,070
120,382 110,230 199,014 351,955 314,108 304,984
871,199 1,049,447 1,199,172 1,765,997 1,637,199 1,627,935

1,111,138 1,065,750 1,679,978 1,969,771 1,644,741 1,541,981

242,280 324,744 556,558 868,297 719,355 725,537
868,858 741,006 1,123,420 1,101,474 925,386 816,444
354,287 25,263 (21,094) (32,447) 7,350 43,504
514,571 715,743 1,144,514 1,133,921 918,036 772,940
1,599,341 1,221,476 725,355 588,282 716,484 1,134,440
871,160 653,051 766,074 1,171,490 1,144,243 997,465
863,450 653,431 759,389 1,170,880 1,144,078 996,823
1,242,752 1,284,168 1,103,795 550,713 490,277 909,915
805,218 834,293 708,236 350,827 317,763 588,619

(1,742,550) 2,084,285 3,503,275 5,812,077 (2,606,831) (4,241,374)

41,259,232 66,714,952 101,411,632 78,834,402 92,185,021 87,899,880

0.78 0.70 0.67 0.56 0.56 0.53

0.06 0.04 0.05 0.04 0.03 0.04
0.16 0.16 0.12 0.06 0.06 0.11
0.05 0.05 0.03 0.01 0.01 0.03
0.11 0.07 0.03 0.02 0.03 0.05
 0.03 0.04 0.05 0.04 0.03 0.04
0.22 0.30 0.33 0.44 0.44 0.47
0.69 0.51 0.69 2.13 2.33 1.10
0.32 0.29 0.32 0.46 0.48 0.37
0.54 0.53 1.05 1.99 1.60 0.88

0.32 0.27 0.21 0.27 0.23 0.28

0.03 0.12 0.25 0.27 0.20 0.04
0.23 0.19 0.13 0.14 0.15 0.30
0.40 0.35 0.50 0.63 0.57 0.58
0.66 0.70 0.73 0.79 0.81 0.76
0.64 0.60 0.30 0.24 0.29 0.56
0.54 0.56 0.27 0.23 0.23 0.52

0.10 0.89 0.11 0.08 0.08 0.05

0.10 0.11 0.12 0.09 0.08 0.06
0.07 0.62 0.06 0.06 0.07 0.07
0.93 0.06 -0.05 -0.08 0.02 0.10
1.00 0.13 1.06 1.09 1.10 1.24

0.34 0.30 0.27 0.21 0.19 0.24

7.98 12.65 16.77 13.20 17.43 17.08
1.16 1.15 1.84 3.07 3.00 2.46

-2.16 2.50 4.95 16.57 -8.20 -7.21

(Thousand Rupees)
2009 2010 2011 Not available Not available Not available
5,511,880 6,206,372 7,501,898
4,619,535 5,707,268 6,515,987
0 0 0
892,345 499,104 985,911
(1,002) (7,349) 3,865
46,223,063 50,739,967 51,849,969
989,256 1,341,130 1,023,903
3,073,493 1,255,575 2,686,405
40,796,993 46,460,640 46,171,420
1,363,321 1,682,622 1,968,241
51,733,941 56,938,990 59,355,732
8,411,801 9,954,810 10,925,914
4,035,306 297,338 341,149
8,698,829 16,076,728 3,868,938
5,431,713 6,512,700 22,119,633
23,701,592 22,727,260 21,215,325
500,638 762,869 1,023,475
453,161 484,827 421,799
23,248,431 22,242,433 20,793,526
 410,901 266,120 186,288
1,496,960 1,588,861 1,120,284

4,703,682 5,005,567 5,849,015

2,732,216 (2,713,791) 2,932,772
1,971,466 2,291,776 2,916,243
471,333 363,563 102,962
1,500,133 1,928,213 2,813,281
1,021,563 1,005,725 1,140,661
2,200,197 2,176,393 2,443,031
2,200,186 2,171,268 2,442,861
321,499 757,545 1,510,911
261,885 491,592 971,262

3,889,177 (1,289,280) 16,303,670

34,619,778 58,032,008 53,617,196

0.42 0.46 0.50

0.04 - 0.05
0.05 0.08 0.13
0.01 0.01 0.02
0.02 0.02 0.02
0.03 0.03 0.05
0.58 -0.54 0.50
6.84 2.87 1.62
0.38 0.36 0.35
2.15 2.16 2.14

0.24 0.18 0.19

0.11 0.11 0.37
0.45 0.39 0.35
0.79 0.82 0.78
0.89 0.89 0.87
0.58 0.49 0.46
0.54 0.48 0.43

0.02 0.03 0.05

0.02 0.02 0.02
0.09 0.12 0.14
1.04 0.75 0.24
0.91 0.64 0.41

0.11 0.11 0.13

6.28 9.35 7.15
7.40 7.49 6.15

14.85 -2.62 16.79

Not available Not available 2011 2012 2013 2014
3,008,554 3,142,265 3,731,767 4,472,165
3,192,892 3,506,910 3,802,007 3,627,239
0 0 0 -
(184,338) (364,645) (70,240) 844,926
1,758 6,436 (36,420) 35,401
2,942,052 18,898,915 58,349,458 71,442,821
22,397 738 104,562 4,667
0 12,221,381 40,028,520 56,592,615
1,524,071 4,167,644 14,986,537 9,500,726
1,395,584 2,509,152 3,229,839 5,344,813
5,952,364 22,047,616 62,044,805 75,950,387
3,279,813 4,063,541 4,462,227 4,329,697
64,398 1,336,371 163,630 295,142
782,528 1,554,395 3,490,017 1,129,730
1,484,124 13,596,093 47,547,395 63,074,604
26,243 56,596 3,894,413 6,087,050
0 0 0 -
0 0 0 -
26,243 56,596 3,894,413 6,087,050
294,316 316,663 243,293 183,341
20,942 1,123,957 2,243,830 850,823

56,241 771,801 3,700,571 4,607,826

46,347 682,804 738,992 1,078,251
9,894 88,997 2,961,579 3,529,575
0 - 0 -
9,894 88,997 2,961,579 3,529,575
594 141,495 (2,040,355) (1,209,327)
194,826 410,799 661,533 915,410
194,826 410,799 661,553 915,410
(184,338) (180,307) 259,691 1,404,838
(184,338) (180,307) 294,405 915,166

2,718,782 3,033,735 42,182,051 16,214,140

1,081,945 106,530,014 300,866,009 369,386,706

0.18 0.12 0.80 0.77

0.00 0.00 0.05 0.05
-0.06 -0.06 0.08 0.20
-0.03 -0.01 0.00 0.01
0.00 0.01 -0.03 -0.02
0.00 0.00 0.05 0.05
0.82 0.88 0.20 0.23
-1.06 -2.28 2.55 0.65
 3.43 0.45 0.40 0.27
327.99 2.90 -0.32 -0.76

0.56 0.24 0.07 0.06

0.25 0.62 0.77 0.83
0.00 0.00 0.06 0.08
0.26 0.19 0.24 0.13
0.49 0.86 0.94 0.94
0.02 0.01 0.26 0.64
0.02 0.00 0.07 0.09

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
- - - -
- - - -

0.51 0.14 0.06 0.06

0.36 33.90 80.62 82.60
0.51 1.33 4.02 2.12

-14.75 -16.83 143.28 17.72

(Thousand Rupees)
2009 2010 2011 Not available Not available Not available
2,847,576 3,000,780 3,132,302
3,203,140 3,393,743 3,594,610
0 0 0
(355,564) (392,963) (462,308)
0 0 0
1,097,875 1,200,251 1,270,263
7,577 5,493 11,523
382,008 321,910 510,729
690,196 847,792 721,474
18,094 25,056 26,537
3,945,451 4,201,031 4,402,565
3,328,022 3,363,076 3,679,994
52,781 62,870 61,674
150,000 110,000 30,000
0 0 0
425,108 493,328 587,062
36,416 48,503 49,740
37,885 15,716 15,716
387,223 477,612 571,346
10,461 22,983 30,670
16,964 164,490 28,881
 56,707 65,106 75,896
75,569 78,041 90,575
(18,862) (12,935) (14,679)
828 22,169 0
(18,034) 9,234 (14,679)
17,597 12,582 14,611
58,269 59,215 69,277
55,148 59,134 69,172
(58,706) (37,399) (69,345)
(58,706) (37,399) (69,345)

59,369 17,017 130,395

450,421 1,013,597 1,402,122

-0.33 -0.20 -0.19

0.00 0.00 0.00
-0.02 -0.01 -0.02
-0.01 -0.01 -0.02
0.00 0.00 0.00
0.00 0.00 0.00
1.33 1.20 1.19
-0.94 -1.58 -1.00
0.78 0.76 0.77
3.13 4.70 4.73

0.86 0.82 0.85

0.00 0.00 0.00
0.10 0.11 0.13
0.17 0.20 0.16
0.28 0.29 0.29
0.62 0.58 0.81
0.40 0.42 0.48

0.09 0.10 0.08

0.09 0.03 0.03
0.01 0.02 0.02
0.02 1.41 0.00
1.04 0.32 0.32

0.72 0.71 0.71

0.16 0.34 0.45
0.24 0.28 0.23

-1.01 -0.46 -1.88

2009 2010 2011 2012 2013 2014

4,087,588 4,700,427 5,155,321 5,064,270 4,522,674 3,831,740
4,041,323 4,652,493 5,122,691 4,986,139 4,432,860 3,716,072
0 0 0 0 0 -
46,265 47,934 32,630 78,131 89,814 115,668
0 0 0 0 0 -
4,458,128 4,343,431 3,240,864 3,207,778 4,771,721 4,013,627
216,907 9,419 86,567 3,626 46,792 4,561
1,397,725 1,868,489 1,075,726 708,495 546,529 602,899
2,740,049 2,349,722 1,991,569 2,402,290 4,050,656 3,271,199
103,447 115,801 87,002 93,367 127,744 134,968
8,545,716 9,043,858 8,396,185 8,272,048 9,294,395 7,845,367
4,237,350 4,840,033 5,283,777 5,194,721 4,726,787 4,016,022
91,075 88,400 123,553 108,570 351,590 9,643
1,905,551 1,013,607 654,928 1,253,832 2,327,718 1,408,414
0 0 0 0 0 -
2,198,843 2,980,932 2,214,722 1,619,237 1,754,481 2,257,101
0 113,339 0 0 0 -
0 0 0 0 0 -
2,198,843 2,980,932 2,214,722 1,619,237 1,754,481 2,257,101
27,336 30,055 28,937 29,598 62,051 70,537
85,561 90,831 90,268 66,090 71,768 83,650

516,130 509,987 569,784 363,279 356,417 479,522

385,251 406,928 468,924 295,278 299,628 387,087
130,879 103,059 100,860 68,001 56,789 92,435
0 0 0 0 0 -
130,879 103,059 100,860 68,001 56,789 92,435
180,185 184,717 103,131 156,729 125,836 171,961
114,573 114,543 141,791 154,193 161,614 195,395
112,088 113,080 140,422 152,604 161,185 193,715
65,612 70,174 62,200 70,537 21,011 69,001
45,928 47,600 33,790 45,501 12,892 27,177

151,296 46,074 65,752 42,734 372,915 (313,418)

3,781,342 2,780,898 3,244,830 1,905,826 3,569,431 3,249,880

0.25 0.20 0.18 0.19 0.16 0.19

0.02 0.01 0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01 0.00 0.01
0.01 0.01 0.00 0.01 0.00 0.00
0.02 0.02 0.01 0.02 0.01 0.02
0.02 0.01 0.01 0.01 0.01 0.01
0.75 0.80 0.82 0.81 0.84 0.81
1.71 1.61 2.26 2.16 7.67 2.81
0.16 0.16 0.21 0.30 0.34 0.30
0.62 0.61 1.36 0.97 1.28 1.13
0.51 0.54 0.64 0.64 0.55 0.51
0.00 0.00 0.00 0.00 0.00 0.00
0.26 0.33 0.26 0.20 0.19 0.29
0.32 0.26 0.24 0.29 0.44 0.42
0.52 0.48 0.39 0.39 0.51 0.51
0.80 1.27 1.11 0.67 0.43 0.69
0.53 0.71 0.72 0.52 0.38 0.58

0.00 0.04 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.02 0.00 0.00 0.00 0.00
- - - - - -
- 0.00 - - - -

0.48 0.52 0.61 0.61 0.49 0.49

0.93 0.59 0.63 0.38 0.79 0.85
0.67 0.50 0.39 0.47 0.90 0.85

3.29 0.97 1.95 0.94 28.93 -11.53

 (Thousand Rupees)
2015 2016 2017 2018
1,096,903,165 1,175,498,718 1,149,807,067 1,262,042,353
522,814,905 534,612,611 413,014,554 432,521,958
293,103,899 304,936,372 341,413,315 388,513,190
280,984,361 335,949,735 395,379,198 441,007,205
163,710,381 174,822,622 238,908,131 197,211,394
12,797,383,126 14,539,437,305 17,151,321,267 18,625,598,171
145,294,918 211,162,200 264,242,205 290,242,627
1,801,826,875 1,928,723,371 3,091,646,420 3,052,211,076
10,392,774,296 11,764,688,240 12,930,256,100 14,315,831,284
457,487,037 634,863,494 865,176,542 967,313,184
14,057,996,672 15,889,758,645 18,540,036,464 20,084,851,918
954,162,043 1,186,502,771 1,295,237,258 3,230,093,980
187,576,572 158,026,748 150,155,990 153,916,655
325,280,792 542,138,720 580,383,714 898,927,300
6,919,020,441 7,512,974,884 8,684,912,973 8,064,134,160
5,344,554,308 5,997,009,849 7,045,906,738 8,546,713,218
585,404,809 552,131,134 595,011,025 629,359,006
514,066,649 512,292,695 531,592,658 563,193,294
4,830,487,659 5,484,717,154 6,514,314,080 7,983,519,924
267,989,601 289,004,128 361,031,935 409,188,112
573,479,564 716,394,240 954,000,514 (654,928,213)

973,247,698 934,072,694 991,557,513 1,157,140,504

483,979,803 453,676,143 500,547,007 615,855,888
489,267,895 480,396,551 491,010,506 541,284,616
42,324,977 7,335,018 42,454,315 32,398,920
446,942,918 473,061,533 448,556,191 508,885,696
211,545,122 200,231,724 197,915,100 192,531,555
338,588,425 363,532,224 390,829,565 432,962,248
327,847,033 356,619,079 384,215,722 434,709,937
319,892,613 309,738,983 255,641,725 261,610,586
193,263,032 187,913,637 152,523,602 161,432,814

2,002,387,570 640,844,625 803,696,156 461,401,263

6,312,046,637 6,849,274,333 9,725,481,559 11,829,050,642

1 1
0 0
0 0
0 0
0 0
0 0
0 0
1 1
0 0
0 0
0 0
0 0
0 0
0 0
1 1
2 2
 0 0 0 0
2 2 2 2

0 0
0 0
0 0
1 1
1 1
1 1
0 0
0 0
0 0
0 0
1 1
1 1
1 1
0 0

0 0
0 0
1 0
0 0
1 1
0 0
0 0
1 0
0 0
1 1

0 0 0 0
6 6 8 9
9 10 11 11

10 3 5 3

(Thousand Rupees)
2015 2016 2017 2018
1,070,003,876 1,147,953,319 1,107,089,379 1,206,192,465
504,697,475 516,623,156 383,079,258 388,989,747
292,939,108 304,767,668 341,250,276 388,351,647
272,367,293 326,562,495 382,759,845 428,851,071
163,526,381 174,797,023 239,157,002 197,822,971
12,563,631,286 14,174,226,026 16,626,697,362 18,021,491,831
142,312,848 204,717,489 256,847,735 283,417,539
1,693,320,543 1,739,940,551 2,771,631,693 2,679,173,800
10,286,882,208 11,617,595,874 12,761,095,463 14,123,142,224
441,115,687 611,972,112 837,122,471 935,758,268
13,797,161,543 15,496,976,368 17,972,943,742 19,425,507,267
934,166,527 1,164,124,326 1,258,583,107 3,175,650,626
185,545,634 152,602,602 146,793,891 148,853,722
305,983,872 501,486,040 410,809,207 656,649,401
6,745,664,302 7,236,170,337 8,391,785,863 7,814,274,715
5,303,837,767 5,961,454,568 7,002,365,569 8,472,711,023
582,237,625 549,167,872 592,115,871 626,518,861
510,888,276 509,322,140 528,606,577 560,115,297
4,792,949,491 5,452,132,428 6,473,758,992 7,912,595,726
266,482,950 287,443,565 359,414,060 407,654,511
566,368,767 703,017,070 931,798,622 (690,171,434)
 958,252,439 916,558,858 963,523,344 1,119,567,426
476,117,336 441,925,090 482,728,497 592,452,967
482,135,103 474,633,768 480,794,847 527,114,459
42,834,022 7,433,099 42,438,212 32,312,019
439,301,081 467,200,669 438,356,635 494,802,440
204,324,913 193,348,184 192,740,470 185,109,231
333,925,082 359,118,941 385,698,206 426,113,784
323,247,084 352,302,537 379,281,056 428,151,627
309,693,910 301,407,862 245,398,898 246,968,560
186,817,615 182,854,815 146,335,485 152,420,248

86,751,768 89,583,469 97,377,657 101,016,464

N/A N/A N/A N/A
N/A N/A N/A N/A
1,919,697,264 702,523,610 792,951,644 448,647,093
5,466,725,847 5,459,083,323 8,151,767,837 10,251,008,844

0.50 0.52 0.50 0.47

0.03 0.03 0.03 0.03
0.17 0.16 0.13 0.13
0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.03 0.03 0.02 0.03
0.50 0.48 0.50 0.53
1.04 1.17 1.55 1.73
0.29 0.32 0.33 0.33
1.58 1.82 1.97 2.31
2.15 2.04 1.50 1.51

0.08 0.09 0.08 0.17

0.49 0.47 0.47 0.40
0.35 0.35 0.36 0.41
0.75 0.75 0.71 0.73
0.91 0.91 0.93 0.93
0.52 0.51 0.55 0.60
0.44 0.45 0.45 0.50

0.11 0.09 0.08 0.07

0.10 0.09 0.08 0.07
0.54 0.48 0.53 0.52
0.08 0.01 0.08 0.06
0.88 0.93 0.89 0.89

0.08 0.07 0.06 0.06

5.11 4.76 7.36 8.50
12.33 12.81 11.37 11.94
 9.61 10.12 11.53 11.71

10.28 3.84 5.42 2.94

(Thousand Rupees)
2,015 2,016 2,017 2,018
159,079,900 170,682,162 187,725,392 215,395,969
59,722,900 60,069,872 71,455,664 71,455,664
50,651,993 51,801,712 58,144,685 62,668,151
48,705,007 58,810,578 58,125,043 81,272,154
65,459,045 69,059,063 52,587,087 60,697,960
2,258,853,562 2,687,813,953 3,397,189,425 3,689,258,241
11,955,779 16,075,035 19,127,334 15,852,695
124,270,867 123,048,536 518,119,628 524,249,717
2,022,529,790 2,400,283,229 2,593,096,942 2,928,601,512
100,097,126 148,407,153 266,845,521 220,554,317
2,483,392,507 2,927,555,178 3,637,501,904 3,965,352,170
188,801,515 213,147,318 222,601,598 314,576,741
33,260,335 28,478,792 38,824,697 24,795,749
19,796,602 149,137,449 58,347,396 147,261,789
1,182,262,782 1,318,047,650 1,806,547,409 1,716,471,734
1,038,292,384 1,176,910,346 1,365,587,088 1,663,644,424
191,667,055 183,358,667 183,689,513 194,535,678
152,178,618 155,762,653 173,105,360 187,159,289
886,113,766 1,021,147,693 1,192,481,728 1,476,485,135
41,580,057 43,834,115 44,250,775 66,781,655
131,577,450 153,762,161 274,448,301 218,979,367

167,441,335 167,063,474 184,933,828 224,366,094

93,084,605 90,544,623 104,369,024 132,567,931
74,356,730 76,518,851 80,564,804 91,798,163
18,643,785 2,544,171 16,064,310 10,245,834
55,712,945 73,974,680 64,500,494 81,552,329
48,308,091 41,674,529 38,757,637 40,845,195
58,231,526 64,786,119 67,494,907 77,732,688
56,524,111 63,243,694 67,129,967 77,393,449
45,789,510 50,863,090 35,763,223 44,664,836
27,040,089 31,033,263 22,514,200 29,062,711

5,972,290 6,006,987 7,145,566 7,145,566

N/A N/A N/A N/A
N/A N/A N/A N/A
414,162,437 107,200,189 (138,545,992) 582,506,289
1,001,803,107 1,043,409,648 1,158,979,852 1,620,936,904

0.44 0.46 0.44 0.41

 0.03 0.03 0.02 0.02
0.17 0.18 0.12 0.13
0.01 0.01 0.01 0.01
0.02 0.01 0.01 0.01
0.02 0.03 0.02 0.02
0.56 0.54 0.56 0.59
1.23 1.24 1.88 1.73
0.27 0.31 0.30 0.29
1.17 1.52 1.73 1.89
4.53 5.17 3.15 4.07

0.09 0.08 0.07 0.09

0.48 0.45 0.50 0.43
0.36 0.35 0.33 0.37
0.81 0.82 0.71 0.74
0.91 0.92 0.93 0.93
0.51 0.49 0.53 0.57
0.48 0.47 0.44 0.48

0.18 0.16 0.13 0.12

0.15 0.13 0.13 0.11
1.20 1.07 0.98 0.90
0.12 0.02 0.09 0.05
0.79 0.85 0.94 0.96

0.06 0.06 0.05 0.05

6.30 6.11 6.17 7.53
26.64 28.41 26.27 30.14
12.71 14.06 13.81 13.60

15.32 3.45 -6.15 20.04

(Thousand Rupees)
2015 2016 2017 2018
2,699,259 3,337,855 3,606,375 3,606,375
2,894,113 3,494,113 3,994,113 3,994,113
294,768 307,717 307,717 307,717
(489,622) (463,975) (695,455) (695,455)
133,905 142,667 126,336 126,336
18,513,458 15,040,042 21,096,220 21,096,220
103,166 214,155 530,291 530,291
2,832,357 743,909 3,903,832 3,903,832
15,163,440 13,708,791 16,259,737 16,259,737
414,495 373,187 402,360 402,360
21,346,622 18,520,564 24,828,931 24,828,931
1,066,852 1,081,532 1,438,429 1,438,429
170,453 112,042 62,606 62,606
 - 100,000 - -
11,067,137 8,032,819 13,587,722 13,587,722
9,253,381 9,478,671 10,129,162 10,129,162
1,894,617 1,963,210 1,670,104 1,670,104
1,283,106 1,265,424 1,253,531 1,253,531
7,970,275 8,213,247 8,875,631 8,875,631
337,357 337,077 323,546 323,546
734,548 643,847 540,997 540,997

1,516,365 1,161,864 1,276,336 1,276,336

818,538 522,492 601,824 601,824
697,827 639,372 674,512 674,512
225,239 (17,667) 12,354 12,354
472,588 657,039 662,158 662,158
409,063 244,555 121,978 121,978
847,379 897,541 900,071 900,071
839,859 879,190 893,021 893,021
34,272 4,053 (115,935) (115,935)
53,427 11,322 (238,038) (238,038)

289,411 349,411 399,411 399,411

- - - -
- - - -
2,644,114 (3,732,382) 5,391,892 5,391,892
1,893,779 2,273,166 1,255,963 1,255,963

0.46 0.55 0.53 0.53

0.03 0.03 0.03 0.03
0.02 0.00 -0.07 -0.07
0.00 0.00 -0.01 -0.01
0.02 0.01 0.00 0.00
0.02 0.04 0.03 0.03
0.54 0.45 0.47 0.47
24.51 216.92 -7.70 -7.70
0.44 0.64 0.64 0.64
2.05 3.60 7.32 7.32
0.18 0.03 -0.60 -0.60

0.06 0.06 0.06 0.06

0.52 0.43 0.55 0.55
0.37 0.44 0.36 0.36
0.71 0.74 0.65 0.65
0.87 0.81 0.85 0.85
0.61 0.69 0.62 0.62
0.51 0.66 0.50 0.50

0.20 0.21 0.16 0.16

 0.14 0.13 0.12 0.12
0.70 0.59 0.46 0.46
0.18 -0.01 0.01 0.01
0.68 0.64 0.75 0.75

0.13 0.18 0.15 0.15

0.70 0.68 0.35 0.35
9.33 9.55 9.03 9.03
5.62 4.11 4.51 4.51

49.49 -329.66 -22.65 -22.65

(Thousand Rupees)
2015 2016 2017 2018
116,011,433 120,014,623 125,692,679 146,882,410
21,275,131 21,275,131 21,275,131 21,275,131
45,580,712 46,800,341 50,356,895 53,274,402
49,155,590 51,939,151 54,060,653 72,332,877
52,340,042 56,718,153 49,689,402 59,986,125
1,538,009,908 1,832,122,164 2,329,938,887 2,591,697,653
9,171,616 10,187,250 13,195,054 9,944,178
21,911,190 44,863,930 360,105,674 392,739,396
1,431,036,598 1,657,312,093 1,727,102,019 2,011,385,201
75,890,504 119,758,891 229,536,140 177,628,878
1,706,361,383 2,008,854,940 2,505,320,968 2,798,566,188
150,899,778 160,172,561 160,089,619 247,518,270
20,128,273 13,828,477 26,403,906 12,202,020
7,694,516 121,709,399 26,916,113 106,391,667
829,245,898 897,130,749 1,295,719,550 1,284,319,388
691,852,112 781,475,768 856,937,772 1,059,480,147
127,280,000 119,416,000 120,798,000 133,360,000
113,729,952 114,086,313 117,165,789 133,473,143
578,122,160 667,389,455 739,771,983 926,007,004
31,057,977 32,016,837 32,210,079 53,859,883
89,212,781 116,607,462 224,209,718 168,267,956

113,661,831 114,402,671 123,072,600 149,968,712

59,940,895 59,578,235 68,819,721 89,302,482
53,720,936 54,824,436 54,252,879 60,666,230
11,821,383 (701,257) 1,191,944 11,300,373
41,899,553 55,525,693 53,060,935 49,365,857
34,983,427 29,966,606 31,065,870 36,248,936
43,667,372 48,351,084 48,527,537 55,931,412
42,120,439 46,943,418 48,224,847 55,687,359
33,215,608 37,141,215 35,599,268 29,683,381
19,218,864 22,752,285 23,027,987 20,015,122
 2,127,513 2,127,513 2,127,513 2,127,513
0 0 - -
- - - -
351,663,198 45,349,026 (232,540,971) 597,385,382
838,576,330 847,438,860 967,675,924 1,410,038,651

0.47 0.48 0.44 0.40

0.03 0.03 0.02 0.02
0.17 0.19 0.18 0.14
0.01 0.01 0.01 0.01
0.02 0.01 0.01 0.01
0.02 0.03 0.02 0.02
0.53 0.52 0.56 0.60
1.27 1.26 1.35 1.88
0.29 0.33 0.31 0.30
1.20 1.57 1.55 1.54
9.03 10.69 10.82 9.41

0.10 0.09 0.07 0.09

0.49 0.45 0.52 0.46
0.34 0.33 0.30 0.33
0.84 0.83 0.69 0.72
0.90 0.91 0.93 0.93
0.48 0.47 0.50 0.53
0.48 0.46 0.41 0.44

0.18 0.15 0.14 0.13

0.16 0.15 0.14 0.13
1.10 1.00 0.96 0.91
0.10 -0.01 0.01 0.08
0.89 0.96 0.97 1.00

0.07 0.06 0.05 0.05

7.23 7.06 7.70 9.60
54.53 56.41 59.08 69.04
12.34 13.81 13.74 13.69

18.30 1.99 -10.10 29.85

(Thousand Rupees)
2015 2016 2017 2018
13,999,511 15,396,853 16,637,929 16,637,929
10,000,000 10,010,130 10,010,130 10,010,130
922,596 1,200,812 1,451,979 1,451,979
3,076,915 4,185,911 5,175,820 5,175,820
758,879 134,032 (570,121) (570,121)
113,483,725 130,824,488 188,414,668 188,414,668
 288,681 714,212 905,423 905,423
27,160,697 8,910,738 50,971,174 50,971,174
84,076,644 119,022,240 134,207,056 134,207,056
1,957,703 2,177,298 2,331,015 2,331,015
128,242,115 146,355,373 204,482,476 204,482,476
5,097,608 7,500,675 9,679,582 9,679,582
1,936,079 791,478 3,023,451 3,023,451
- 6,938,610 5,331,327 5,331,327
70,394,245 71,539,737 114,259,902 114,259,902
46,708,032 55,979,573 69,112,166 69,112,166
290,280 1,569,380 5,462,160 5,462,160
2,538,943 4,146,391 4,398,825 4,398,825
44,169,089 51,833,182 64,713,341 64,713,341
1,826,519 1,759,192 1,593,876 1,593,876
4,818,575 5,992,499 5,880,997 5,880,997

10,127,239 9,775,399 11,541,183 11,541,183

5,684,824 5,371,167 6,276,431 6,276,431
4,442,415 4,404,232 5,264,752 5,264,752
2,520,355 1,607,448 252,434 252,434
1,922,060 2,796,784 5,012,318 5,012,318
3,491,838 3,495,950 1,327,696 1,327,696
3,362,399 3,864,804 4,157,580 4,157,580
3,353,026 3,864,279 4,148,159 4,148,159
2,051,499 2,427,930 2,182,434 2,182,434
1,230,263 1,390,826 1,255,835 1,255,835

1,000,000 1,001,013 1,001,013 1,001,013

- - - -
- - - -
13,713,559 3,340,734 48,301,254 48,301,254
53,802,646 62,704,482 34,328,587 34,328,587

0.44 0.45 0.46 0.46

0.03 0.03 0.03 0.03
0.09 0.09 0.08 0.08
0.01 0.01 0.01 0.01
0.03 0.02 0.01 0.01
0.02 0.02 0.02 0.02
0.56 0.55 0.54 0.54
1.63 1.59 1.90 1.90
0.25 0.29 0.32 0.32
0.96 1.11 3.12 3.12
1.23 1.39 1.25 1.25

0.05 0.06 0.06 0.06

0.55 0.49 0.56 0.56
 0.34 0.35 0.32 0.32
0.66 0.81 0.66 0.66
0.88 0.89 0.92 0.92
0.56 0.47 0.52 0.52
0.42 0.44 0.37 0.37

0.01 0.03 0.08 0.08

0.05 0.07 0.06 0.06
0.02 0.10 0.33 0.33
0.99 0.39 0.06 0.06
8.75 2.64 0.81 0.81

0.11 0.11 0.08 0.08

3.84 4.07 2.06 2.06
14.00 15.38 16.62 16.62
6.01 7.73 8.07 8.07

11.15 2.40 38.46 38.46

(Thousand Rupees)
2015 2016 2017 2018
13,972,998 14,685,246 14,943,251 13,809,276
10,002,524 10,002,524 10,002,524 10,002,524
1,788,074 2,192,169 2,550,263 2,643,483
2,182,400 2,490,553 2,390,464 1,163,269
1,944,578 1,457,298 454,868 (2,104,692)
139,241,157 190,257,730 229,734,265 211,390,399
504,884 775,938 1,131,241 895,126
17,130,194 28,700,825 64,189,586 34,842,114
117,292,012 157,020,365 159,246,974 171,167,556
4,314,067 3,760,602 5,166,464 4,485,603
155,158,733 206,400,274 245,132,384 223,094,983
5,546,796 8,636,526 8,916,018 12,351,453
6,513,497 9,980,928 3,257,351 3,705,360
5,988,824 8,827,307 1,529,106 7,695,642
95,512,456 141,602,355 140,473,783 94,233,239
40,137,147 36,054,479 87,672,573 99,166,975
5,132,863 5,456,524 4,808,257 4,658,352
3,683,536 4,410,594 4,303,521 4,155,072
36,453,611 31,643,885 83,369,052 95,011,903
1,924,825 2,070,554 2,233,549 2,216,422
3,218,724 3,638,719 5,353,525 7,880,964

10,869,473 12,049,052 14,375,382 14,686,465

6,441,550 7,642,575 9,576,349 9,547,084
4,427,923 4,406,477 4,799,033 5,139,381
580,542 630,779 (123,201) (170,962)
 3,847,381 3,775,698 4,922,234 5,310,343
1,799,422 2,672,988 1,650,819 (526,345)
2,688,171 3,208,735 3,777,654 4,077,397
2,821,196 3,210,806 3,774,878 4,052,247
2,958,632 3,239,951 2,795,398 706,601
1,789,214 2,020,476 1,790,471 466,099

1,000,252 1,000,252 1,000,252 1,000,252

0 0 0 -
- - - -
24,578,335 55,468,753 (3,663,312) (36,733,783)
17,199,886 22,485,665 20,941,435 29,505,219

0.41 0.37 0.33 0.35

0.03 0.02 0.02 0.02
0.13 0.14 0.12 0.03
0.01 0.01 0.01 0.00
0.01 0.01 0.01 0.00
0.02 0.02 0.02 0.02
0.59 0.63 0.67 0.65
0.95 0.99 1.35 5.73
0.21 0.22 0.24 0.29
1.57 1.20 2.29 -7.70
1.79 2.02 1.79 0.47

0.08 0.09 0.05 0.07

0.62 0.69 0.57 0.42
0.23 0.15 0.34 0.43
0.76 0.76 0.65 0.77
0.90 0.92 0.94 0.95
0.34 0.23 0.55 0.58
0.30 0.19 0.39 0.48

0.13 0.15 0.05 0.05

0.09 0.12 0.05 0.04
0.37 0.37 0.32 0.34
0.16 0.14 -0.03 -0.04
0.72 0.81 0.90 0.89

0.09 0.07 0.06 0.06

1.23 1.53 1.40 2.14
13.97 14.68 14.94 13.81
8.39 10.69 10.66 12.40

13.74 27.45 -2.05 -78.81

(Thousand Rupees)
 2015 2016 2017 2018
12,396,699 17,247,585 26,845,158 34,459,979
15,551,132 15,287,974 26,173,766 26,173,766
2,065,843 1,300,673 3,477,831 4,990,570
(5,220,276) 658,938 (2,806,439) 3,295,643
10,281,641 10,606,913 2,886,602 3,260,312
449,605,314 519,569,529 628,005,385 676,659,301
1,887,432 4,183,480 3,365,325 3,577,677
55,236,429 39,829,134 38,949,362 41,793,201
374,961,096 453,219,740 556,281,156 595,581,962
17,520,357 22,337,175 29,409,542 35,706,461
472,283,654 547,424,027 657,737,145 714,379,592
26,190,481 35,756,024 42,477,950 43,589,007
4,512,033 3,765,867 6,077,383 5,802,312
6,113,262 11,562,133 24,570,850 27,843,153
176,043,046 199,741,990 242,506,452 210,071,483
250,341,712 293,921,855 341,735,415 425,755,974
57,069,295 54,953,553 50,950,992 49,385,062
30,943,081 31,853,931 45,983,694 43,878,718
219,398,631 262,067,924 295,751,721 381,877,256
6,433,379 7,650,455 7,889,725 8,787,928
33,592,822 26,879,634 38,463,064 36,408,453

31,266,427 29,674,488 34,668,327 46,893,398

20,198,798 17,430,154 19,094,699 26,840,110
11,067,629 12,244,334 15,573,628 20,053,288
3,496,266 1,024,868 14,730,779 (1,148,365)
7,571,363 11,219,466 842,849 21,201,653
7,624,341 5,294,430 4,591,274 3,672,930
7,666,205 8,463,955 10,132,065 12,666,228
7,389,591 8,346,001 10,089,062 12,612,663
7,529,499 8,049,941 (4,697,942) 12,208,355
4,748,321 4,858,354 (3,322,055) 7,563,693

1,555,113 1,528,797 2,617,377 2,617,377

- - - -
- - - -
21,563,231 6,774,058 43,965,145 (31,838,456)
90,330,466 108,507,475 134,777,943 145,808,484

0.35 0.41 0.45 0.43

0.02 0.02 0.02 0.03
0.38 0.28 -0.12 0.22
0.01 0.01 -0.01 0.01
0.02 0.01 0.01 0.01
0.02 0.02 0.00 0.03
0.65 0.59 0.55 0.57
 0.98 1.04 -2.15 1.03
0.20 0.24 0.26 0.25
0.97 1.58 2.20 3.43
3.05 3.18 -1.27 2.89

0.07 0.07 0.07 0.07

0.37 0.36 0.37 0.29
0.46 0.48 0.45 0.53
0.79 0.83 0.85 0.83
0.95 0.95 0.95 0.95
0.67 0.65 0.61 0.71
0.58 0.60 0.57 0.67

0.23 0.19 0.15 0.12

0.12 0.11 0.13 0.10
4.60 3.19 1.90 1.43
0.11 0.03 0.32 -0.03
0.54 0.58 0.90 0.89

0.03 0.03 0.04 0.05

7.29 6.29 5.02 4.23
7.97 11.28 10.26 13.17
30.25 26.28 20.72 17.28

4.54 1.39 -13.23 -4.21

(Thousand Rupees)
2015 2016 2017 2018
893,155,599 956,519,542 898,718,612 970,415,510
428,121,383 433,751,493 288,823,164 294,733,579
229,832,156 245,777,088 275,886,666 318,435,336
235,202,060 276,990,961 334,008,782 357,246,595
50,915,920 58,281,226 136,459,772 87,115,926
10,150,083,509 11,306,428,678 13,046,513,446 14,148,610,982
129,862,472 188,035,439 237,078,512 266,920,037
1,485,607,897 1,534,136,465 2,168,908,526 2,070,320,544
8,218,902,120 9,147,869,314 10,097,586,740 11,123,862,738
315,711,020 436,387,460 542,939,668 687,507,663
11,094,155,028 12,321,229,446 14,081,691,829 15,206,142,418
741,546,666 946,129,150 1,030,917,544 2,855,919,121
134,091,917 103,151,503 86,393,217 103,159,011
284,190,530 350,771,632 351,059,201 507,985,002
5,537,093,906 5,873,148,624 6,538,132,085 6,050,418,396
4,106,149,914 4,618,421,427 5,470,694,860 6,642,453,601
360,500,198 329,601,183 372,263,563 395,777,829
340,823,003 335,416,585 337,376,398 354,831,189
3,765,326,911 4,283,004,842 5,133,318,462 6,287,622,412
 218,013,494 236,742,765 305,809,715 331,513,244
413,891,604 528,280,930 636,061,605 (930,474,768)

769,985,200 727,490,876 756,484,953 872,972,611

376,360,382 345,328,678 372,262,372 453,748,263
393,624,818 382,162,198 384,222,581 419,224,348
24,704,754 2,990,485 24,507,884 20,200,167
368,920,064 379,171,713 359,714,697 399,024,181
149,518,936 146,852,635 149,170,149 139,438,237
263,510,529 281,908,878 305,510,057 335,610,799
254,730,635 276,966,540 299,886,696 338,376,730
254,921,469 244,093,420 203,374,789 196,022,292
153,944,082 148,425,358 120,507,989 120,038,321

79,283,619 82,080,623 88,661,741 92,300,547

N/A N/A N/A N/A
N/A N/A N/A N/A
1,502,881,179 575,418,101 908,768,455 (155,494,355)
4,455,518,250 4,399,721,153 6,974,975,990 8,612,216,277

0.51 0.53 0.51 0.48

0.04 0.03 0.03 0.03
0.17 0.16 0.13 0.12
0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.03 0.03 0.03 0.03
0.49 0.47 0.49 0.52
1.00 1.13 1.47 1.73
0.29 0.32 0.34 0.33
1.70 1.89 2.01 2.43
1.94 1.81 1.36 1.30

0.08 0.09 0.08 0.19

0.50 0.48 0.46 0.40
0.34 0.35 0.36 0.41
0.74 0.74 0.72 0.73
0.91 0.92 0.93 0.93
0.50 0.50 0.54 0.60
0.42 0.43 0.45 0.50

0.09 0.07 0.07 0.06

0.08 0.07 0.06 0.05
0.40 0.34 0.41 0.41
0.07 0.01 0.07 0.06
0.95 1.02 0.91 0.90

0.08 0.08 0.06 0.06

 4.99 4.60 7.76 8.87
11.27 11.65 10.14 10.51
9.20 9.56 11.24 11.46

9.76 3.88 7.54 -1.30

(Thousand Rupees)
2015 2016 2017 2018
6,959,238 10,984,841 10,590,487 10,351,871
8,935,200 13,106,862 13,106,862 13,106,862
159,348 159,348 159,348 159,348
(2,135,310) (2,281,369) (2,675,723) (2,914,339)
(686,001) 404,662 171,734 353,212
80,659,273 117,322,553 111,890,172 118,107,956
883,698 3,909,415 3,658,120 3,697,477
2,108,255 3,223,109 3,209,400 3,836,022
71,644,386 103,320,059 96,622,925 99,915,011
6,022,934 6,869,970 8,399,727 10,659,446
86,932,510 128,712,056 122,652,393 128,813,039
10,847,429 18,725,350 8,915,585 14,934,799
1,560,544 984,125 2,932,165 854,171
1,831,716 2,692,703 5,095,411 -
17,358,401 24,601,518 19,393,486 21,345,325
50,548,142 71,090,188 75,492,269 79,771,998
4,042,561 7,146,027 7,651,332 7,020,606
2,903,452 4,304,922 4,289,213 4,760,022
47,644,690 66,785,266 71,203,056 75,011,976
2,671,911 2,617,734 2,361,576 2,310,578
5,017,819 12,305,360 12,751,114 14,356,190

6,269,086 5,158,073 6,717,570 8,031,610

3,790,618 2,794,910 3,077,721 3,814,832
2,478,468 2,363,163 3,639,849 4,216,778
(125,442) (164,250) 185,354 770,029
2,603,910 2,527,413 3,454,495 3,446,749
656,344 874,200 967,796 1,096,768
2,853,645 3,502,361 4,953,364 4,788,529
2,848,910 3,414,381 4,929,047 4,782,531
406,609 (100,748) (531,073) (245,012)
240,446 (155,527) (389,438) (253,728)

893,520 1,310,686 1,310,686 1,310,686

- - - -
- - - -
1,130,706 9,232,119 (13,868,634) 4,867,484
15,603,136 22,992,868 57,812,684 78,807,206
 0.40 0.46 0.54 0.53
0.03 0.02 0.03 0.03
0.03 -0.01 -0.04 -0.02
0.00 0.00 0.00 0.00
0.01 0.01 0.01 0.01
0.03 0.02 0.03 0.03
0.60 0.54 0.46 0.48
7.01 -33.89 -9.28 -19.52
0.41 0.58 0.64 0.52
4.34 3.91 5.09 4.36
0.27 -0.12 -0.30 -0.19

0.14 0.15 0.10 0.12

0.20 0.19 0.16 0.17
0.55 0.52 0.58 0.58
0.82 0.80 0.79 0.78
0.93 0.91 0.91 0.92
0.71 0.69 0.78 0.80
0.69 0.67 0.76 0.77

0.08 0.10 0.10 0.09

0.06 0.06 0.06 0.06
0.58 0.65 0.72 0.68
-0.04 -0.04 0.04 0.16
0.72 0.60 0.56 0.68

0.08 0.09 0.09 0.08

2.24 2.09 5.46 7.61
7.79 8.38 8.08 7.90
10.29 9.41 9.12 9.65

4.70 -59.36 35.61 -19.18

(Thousand Rupees)
2015 2016 2017 2018
67,968,647 74,474,468 78,643,302 84,227,659
11,450,739 11,450,739 11,450,739 11,450,739
15,102,026 16,533,485 17,980,116 20,276,515
41,415,882 46,490,244 49,212,447 52,500,405
21,287,810 26,199,360 28,073,051 23,077,174
902,409,055 968,271,920 1,142,949,305 1,243,301,270
4,942,189 9,848,795 7,835,467 7,752,959
137,959,818 126,368,875 223,556,383 225,882,986
734,596,166 805,110,834 883,740,709 984,475,183
24,910,882 26,943,416 27,816,746 25,190,142
991,665,512 1,068,945,748 1,249,665,658 1,350,606,103
56,711,573 73,203,717 85,367,385 99,188,414
 4,077,598 679,923 648,765 2,575,055
3,356,091 10,512,752 8,694,399 53,785,679
544,349,490 589,864,548 698,082,066 671,228,285
340,769,406 348,346,063 388,751,651 453,868,259
21,903,729 20,431,609 18,051,749 16,064,641
19,164,266 18,783,872 16,713,937 15,549,365
321,605,140 329,562,191 372,037,714 438,318,894
28,062,325 31,765,903 46,867,935 50,378,537
33,503,295 33,356,714 37,967,394 35,131,239

72,116,230 64,592,588 65,708,757 73,274,161

35,976,740 31,345,347 34,130,494 41,158,720
36,139,490 33,247,241 31,578,263 32,115,441
1,524,368 (260,453) (2,526,148) (1,089,688)
34,615,122 33,507,694 34,104,411 33,205,129
9,755,138 11,210,491 8,712,261 11,289,440
18,866,880 20,886,967 21,937,977 23,306,031
18,175,080 20,295,643 21,423,547 24,347,038
25,503,380 23,831,218 20,878,695 21,016,427
15,120,307 14,427,050 12,733,636 12,880,518

1,145,074 1,145,074 1,145,074 1,145,074

0 0 0 0
- - - -
148,505,002 63,803,312 119,789,804 33,679,500
281,449,528 189,683,417 235,905,181 379,526,640

0.50 0.51 0.48 0.44

0.04 0.03 0.03 0.02
0.22 0.19 0.16 0.15
0.02 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.03 0.03 0.03 0.02
0.50 0.49 0.52 0.56
0.71 0.85 1.03 1.16
0.23 0.28 0.29 0.28
1.86 1.81 2.46 2.16
13.20 12.60 11.12 11.25

0.06 0.07 0.07 0.08

0.55 0.55 0.56 0.50
0.32 0.31 0.30 0.32
0.74 0.75 0.71 0.73
0.91 0.91 0.91 0.92
0.46 0.43 0.44 0.46
0.39 0.37 0.35 0.38
 0.06 0.06 0.05 0.04
0.06 0.05 0.04 0.03
0.32 0.27 0.23 0.19
0.08 -0.01 -0.15 -0.07
0.87 0.92 0.93 0.97

0.07 0.07 0.06 0.06

4.14 2.55 3.00 4.51
59.36 65.04 68.68 73.56
10.81 10.81 11.24 11.69

9.82 4.42 9.41 2.61

(Thousand Rupees)
2015 2016 2017 2018
21,811,804 25,249,836 27,293,237 31,859,710
12,602,602 12,602,602 12,602,602 12,602,602
6,445,888 8,670,686 11,840,757 15,543,179
2,763,314 3,976,548 2,849,878 3,713,929
5,041,139 7,327,114 5,142,254 1,649,197
509,013,771 590,291,749 630,255,904 673,023,135
6,094,885 8,579,809 10,769,262 15,512,880
57,323,250 89,261,788 71,587,311 52,702,323
433,172,205 472,811,335 525,808,308 573,635,856
12,423,431 19,638,817 22,091,023 31,172,076
535,866,714 622,868,699 662,691,395 706,532,042
29,685,228 42,568,141 44,239,325 49,187,645
8,295,724 5,845,748 3,193,835 4,093,402
812,898 6,836,584 2,250,000 -
268,020,706 295,846,254 314,956,748 260,233,987
228,412,998 262,123,256 284,339,670 369,258,971
31,483,717 28,534,630 26,753,027 26,657,086
28,482,186 26,959,334 25,646,584 26,151,824
199,930,812 235,163,922 258,693,086 343,107,147
8,252,112 10,132,940 9,885,958 12,791,827
20,869,234 26,475,110 29,472,443 37,118,034

36,592,093 35,408,195 36,267,220 43,669,883

21,690,386 20,496,757 20,071,965 25,059,925
14,901,707 14,911,438 16,195,255 18,609,958
879,052 (658,824) (1,330,390) 1,460,575
14,022,655 15,570,262 17,525,645 17,149,383
6,689,588 7,210,473 6,108,354 5,621,593
12,280,547 14,303,787 15,142,197 15,891,521
12,014,237 14,078,992 14,948,796 16,240,514
8,431,696 8,476,948 8,491,802 6,879,455
5,043,419 5,220,635 5,267,887 4,431,278
 1,260,260 1,260,260 1,260,260 1,260,260
0 0 0 0
- - - -
67,461,002 42,479,240 26,130,753 (43,591,408)
284,957,437 374,682,255 948,100,639 1,080,428,257

0.41 0.42 0.45 0.43

0.03 0.02 0.02 0.03
0.23 0.21 0.19 0.14
0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.03 0.03 0.03 0.02
0.59 0.58 0.55 0.57
1.42 1.66 1.76 2.36
0.28 0.34 0.36 0.32
1.80 1.95 2.45 2.89
4.00 4.14 4.18 3.52

0.07 0.08 0.07 0.08

0.50 0.48 0.48 0.37
0.37 0.38 0.39 0.49
0.81 0.76 0.79 0.81
0.95 0.95 0.95 0.95
0.53 0.55 0.54 0.64
0.47 0.47 0.48 0.59

0.14 0.11 0.09 0.07

0.12 0.10 0.09 0.07
1.44 1.13 0.98 0.84
0.03 -0.02 -0.05 0.06
0.90 0.94 0.96 0.98

0.04 0.04 0.04 0.05

13.06 14.84 34.74 33.91
17.31 20.04 21.66 25.28
19.86 18.73 19.27 18.01

13.38 8.14 4.96 -9.84

(Thousand Rupees)
2015 2016 2017 2018
31,697,833 35,672,945 40,408,589 46,283,478
11,114,254 11,114,254 11,114,254 11,114,254
10,329,659 11,899,426 12,981,379 14,757,530
10,253,920 12,659,265 16,312,956 20,411,694
6,158,825 6,840,799 5,467,293 3,268,202
602,116,556 725,504,673 898,257,898 998,687,323
8,665,462 13,872,057 19,663,349 20,603,682
62,592,299 93,717,345 133,499,876 119,038,358
516,213,178 584,171,954 692,576,176 796,900,525
14,645,617 33,743,317 52,518,497 62,144,758
639,973,214 768,018,417 944,133,780 1,048,239,003
38,577,738 50,600,041 60,096,155 74,432,172
3,185,669 2,866,455 4,691,917 7,989,939
3,992,794 - - -
356,649,003 405,027,569 476,125,054 414,605,406
215,702,258 269,267,267 347,465,571 485,944,757
5,874,374 5,715,466 5,288,599 5,235,392
8,413,650 7,827,169 7,632,660 7,730,179
207,288,608 261,440,098 339,832,911 478,214,578
15,704,852 18,776,218 22,482,946 26,183,149
14,574,550 29,308,036 40,904,797 46,813,759

50,293,226 47,804,368 50,309,377 60,733,138

25,476,349 23,132,808 24,386,577 29,839,393
24,816,877 24,671,560 25,922,800 30,893,745
1,960,305 (638,049) 48,539 247,177
22,856,572 25,309,609 25,874,261 30,646,568
4,510,866 5,052,248 8,118,438 7,117,233
15,035,779 17,197,870 20,102,289 23,500,134
14,695,040 17,728,349 19,860,573 23,202,083
12,331,659 13,163,987 13,890,410 14,263,667
7,404,912 8,119,229 8,501,034 8,417,656

1,111,425 1,111,425 1,111,425 1,111,425

0 0 0 0
- - - -
33,435,231 64,252,144 85,203,789 (36,256,163)
221,068,712 272,251,603 590,059,388 686,530,960

0.49 0.52 0.52 0.51

0.04 0.03 0.03 0.03
0.23 0.23 0.21 0.18
0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.04 0.03 0.03 0.03
0.51 0.48 0.48 0.49
1.19 1.35 1.43 1.63
0.27 0.33 0.34 0.35
3.26 3.51 2.45 3.26
6.66 7.31 7.65 7.57

0.07 0.07 0.07 0.08

 0.56 0.53 0.50 0.40
0.32 0.34 0.36 0.46
0.81 0.76 0.73 0.76
0.94 0.94 0.95 0.95
0.42 0.46 0.50 0.61
0.37 0.40 0.42 0.53

0.03 0.02 0.02 0.01

0.04 0.03 0.02 0.02
0.19 0.16 0.13 0.11
0.23 -0.08 0.01 0.03
1.43 1.37 1.44 1.48

0.05 0.05 0.04 0.04

6.97 7.63 14.60 14.83
28.52 32.10 36.36 41.64
16.29 16.38 17.14 17.22

4.52 7.91 10.02 -4.31

(Thousand Rupees)
2015 2016 2017 2018
42,424,778 49,155,049 58,514,493 68,263,925
15,898,062 15,952,076 16,075,720 17,743,629
14,164,120 15,895,652 18,156,669 23,050,754
12,362,596 17,307,321 24,282,104 27,469,542
10,928,397 10,969,713 7,285,248 7,382,950
849,254,346 869,520,982 933,028,198 930,570,968
9,733,929 19,091,201 20,882,970 35,988,225
172,393,198 178,311,035 207,193,686 123,738,241
640,188,735 634,740,043 644,984,967 702,895,280
26,938,484 37,378,703 59,966,575 67,949,222
902,607,521 929,645,744 998,827,939 1,006,217,843
62,368,790 74,071,384 70,381,435 82,407,700
16,552,207 9,373,123 3,753,954 3,874,955
27,626,350 30,149,029 48,895,828 62,172,287
423,099,734 389,092,637 400,733,286 277,660,403
350,351,198 395,863,309 417,181,932 518,393,165
18,455,000 19,019,000 17,579,000 18,822,000
16,192,459 17,142,960 16,526,508 16,756,713
334,158,739 378,720,349 400,655,424 501,636,452
16,202,597 16,476,271 16,155,727 18,272,215
22,599,104 31,762,951 58,252,285 60,193,831

61,437,872 57,144,032 56,175,501 59,318,342

32,810,722 28,152,734 27,199,316 27,727,287
28,627,150 28,991,298 28,976,185 31,591,055
 2,286,900 1,183,272 (616,430) 588,383
26,340,250 27,808,026 29,592,615 31,002,672
8,861,555 8,907,328 9,076,079 10,200,358
22,597,735 23,692,195 24,963,529 24,365,275
21,956,115 23,683,609 24,671,927 23,966,756
12,604,070 13,023,159 13,705,165 16,837,755
7,522,810 7,899,908 8,166,232 10,150,268

1,589,806 1,595,208 1,607,572 1,774,363

0 - 0 0
- - - 0
103,242,608 (29,354,807) 30,307,388 (142,469,511)
472,718,666 344,601,108 1,105,453,540 1,368,422,518

0.47 0.51 0.52 0.53

0.03 0.03 0.03 0.03
0.18 0.16 0.14 0.15
0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.03 0.03 0.03 0.03
0.53 0.49 0.48 0.47
1.74 1.82 1.80 1.42
0.32 0.36 0.38 0.35
2.48 2.66 2.72 2.35
4.73 4.95 5.08 5.72

0.09 0.09 0.07 0.09

0.47 0.42 0.40 0.28
0.37 0.41 0.40 0.50
0.71 0.68 0.65 0.70
0.94 0.94 0.93 0.92
0.55 0.62 0.65 0.74
0.43 0.49 0.49 0.63

0.05 0.05 0.04 0.04

0.05 0.04 0.04 0.03
0.44 0.39 0.30 0.28
0.14 0.07 -0.04 0.04
0.88 0.90 0.94 0.89

0.05 0.05 0.06 0.07

11.14 7.01 18.89 20.05
26.69 30.81 36.40 38.47
15.09 12.91 11.02 10.30

13.72 -3.72 3.71 -14.04

 (Thousand Rupees)
2015 2016 2017 2018
10,351,802 10,826,268 12,400,129 12,664,168
10,079,121 10,000,079 10,000,079 10,000,079
272,681 613,636 926,266 968,799
- 212,553 1,473,784 1,695,290
834,468 1,618,398 1,276,340 1,850,647
163,044,475 170,028,757 204,115,929 201,228,441
1,523,933 2,937,746 3,928,469 3,242,180
3,197,770 6,066,307 15,570,390 7,819,532
153,058,102 153,735,845 178,309,817 184,693,363
5,264,670 7,288,859 6,307,253 5,473,366
174,230,745 182,473,423 217,792,397 215,743,256
9,035,886 8,921,433 11,784,180 14,292,752
1,780,710 1,140,150 801,807 832,621
39,824,221 27,218,665 21,371,787 18,173,504
35,885,958 46,316,927 42,092,166 38,832,093
82,361,147 89,949,086 130,828,986 129,734,404
15,230,980 14,533,967 15,837,045 15,403,434
13,652,099 12,132,284 11,673,947 11,163,593
68,709,048 77,816,802 119,155,039 118,570,811
2,525,949 6,186,259 5,944,357 6,663,467
16,468,973 14,873,187 16,643,061 18,378,008

8,834,160 10,127,616 10,353,849 12,204,238

5,118,822 5,791,252 5,249,882 6,170,275
3,715,338 4,336,364 5,103,967 6,033,963
(630,724) (2,029,926) (391,970) 36,835
4,346,062 6,366,290 5,495,937 5,997,128
570,028 637,612 964,695 1,264,012
5,188,477 6,160,145 6,303,270 6,858,572
5,037,198 6,142,395 6,281,537 6,795,997
(272,387) 843,757 157,362 402,568
(196,004) 452,300 1,563,149 212,664

1,007,912 1,000,008 1,000,008 1,000,008

- - - -
- - - -
(28,172,106) 9,354,153 118,864 190,873
24,213,464 27,184,209 23,041,302 23,134,769

0.42 0.43 0.49 0.49

0.02 0.02 0.02 0.03
-0.02 0.04 0.13 0.02
0.00 0.00 0.01 0.00
0.00 0.00 0.00 0.01
0.02 0.03 0.03 0.03
 0.58 0.57 0.51 0.51
-18.49 7.28 39.92 16.88
0.55 0.57 0.56 0.51
8.84 9.63 6.51 5.38
-0.19 0.45 1.56 0.21

0.06 0.06 0.06 0.07

0.21 0.25 0.19 0.18
0.39 0.43 0.55 0.55
0.88 0.84 0.82 0.86
0.94 0.93 0.94 0.93
0.54 0.59 0.73 0.70
0.53 0.56 0.67 0.67

0.18 0.16 0.12 0.12

0.17 0.13 0.09 0.09
1.47 1.34 1.28 1.22
-0.05 -0.17 -0.03 0.00
0.90 0.83 0.74 0.72

0.06 0.06 0.06 0.06

2.34 2.51 1.86 1.83
10.27 10.83 12.40 12.66
14.79 14.20 14.38 14.58

143.73 20.68 0.08 0.90

(Thousand Rupees)
2015 Not available Not available Not available
4,427,650
8,167,527
2,030
(3,741,907)
(38,720)
28,347,144
267,440
1,268,359
25,637,406
1,173,939
32,736,074
3,586,010
126,046
800,000
6,652,065
19,567,541
1,476,745
1,488,333
18,079,208
675,308
2,817,437

2,528,224
1,394,821
1,133,403
(30,179)
1,163,582
458,358
2,102,409
2,100,134
(480,469)
(399,604)

816,753
0.00
0.00
401,627
2,946,096

0.45
0.03
-0.09
-0.01
0.01
0.04
0.55
-4.37
0.70
4.58
-0.49

0.11
0.20
0.55
0.78
0.87
0.76
0.73

0.08
0.08
0.33
-0.02
1.01
 0.14
0.67
5.42
5.79

-1.01

(Thousand Rupees)
2015 2016 2017 2018
7,962,751 12,046,524 15,054,436 17,570,841
6,976,030 10,225,567 11,652,288 11,652,288
233,586 404,694 725,101 1,226,954
753,135 1,416,263 2,677,047 4,691,599
12,916 60,811 (142,265) (820,667)
149,155,515 140,026,064 170,081,710 215,072,579
1,552,219 2,218,979 3,677,900 2,811,457
4,551,920 5,670,091 5,255,642 12,670,525
136,743,457 129,264,513 149,295,457 182,186,634
6,307,919 2,872,481 11,852,711 17,403,963
157,131,182 152,133,399 184,993,881 231,822,753
14,183,630 14,007,320 10,423,998 17,752,920
3,869,403 543,363 1,173,267 1,241,840
6,418,697 12,536,061 4,860,272 4,000,000
23,822,256 27,211,659 41,474,123 45,850,970
106,650,974 95,713,549 121,480,512 155,463,023
2,211,992 2,414,427 2,307,854 2,938,496
1,697,337 1,802,647 1,958,248 2,156,643
104,953,637 93,910,902 119,522,264 153,306,380
1,842,705 1,870,060 1,499,655 1,381,172
2,040,854 2,054,034 6,040,302 8,289,471

8,725,646 9,486,289 10,797,894 14,901,469

4,091,219 4,273,598 4,370,422 6,778,333
4,634,427 5,212,691 6,427,472 8,123,136
187,286 128,580 184,791 221,788
4,447,141 5,084,111 6,242,681 7,901,348
1,274,455 1,566,528 2,075,398 2,248,363
5,009,874 5,279,608 5,754,514 6,029,724
4,987,933 5,264,089 5,693,223 5,942,917
711,722 1,371,031 2,563,565 4,119,987
430,555 855,540 1,602,036 2,509,265

697,603 1,022,557 1,165,229 1,165,229

- - - -
- - - -
7,475,459 64,352 6,441,237 9,948,637
51,155,783 53,704,609 41,149,638 41,496,971
 0.53 0.55 0.60 0.55
0.03 0.03 0.03 0.04
0.05 0.07 0.11 0.14
0.00 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.03 0.03 0.03 0.03
0.47 0.45 0.40 0.45
7.01 3.84 2.22 1.44
0.50 0.48 0.45 0.35
3.91 3.36 2.74 2.64
0.62 0.84 1.37 2.15

0.11 0.10 0.06 0.08

0.15 0.18 0.22 0.20
0.67 0.62 0.65 0.66
0.87 0.85 0.81 0.79
0.95 0.92 0.92 0.93
0.78 0.74 0.81 0.85
0.75 0.71 0.79 0.80

0.02 0.03 0.02 0.02

0.02 0.02 0.02 0.01
0.28 0.20 0.15 0.17
0.11 0.07 0.09 0.10
0.77 0.75 0.85 0.73

0.05 0.08 0.08 0.08

6.42 4.46 2.73 2.36
11.41 11.78 12.92 15.08
17.17 10.73 9.92 10.37

17.36 0.08 4.02 3.96

(Thousand Rupees)
2015 2016 2017 2018
26,058,692 29,090,229 33,633,227 38,404,848
11,997,601 11,997,601 13,197,361 15,176,965
6,422,761 7,158,248 7,936,338 8,778,908
7,638,330 9,934,380 12,499,528 14,448,975
4,293,781 5,917,426 5,613,243 5,093,667
399,720,387 417,014,646 455,687,412 556,415,668
6,009,238 6,655,919 8,761,334 23,543,525
90,565,242 52,806,084 54,788,547 98,351,921
292,130,258 339,632,770 371,624,155 409,383,802
11,015,649 17,919,873 20,513,376 25,136,420
430,072,860 452,022,301 494,933,882 599,914,183
 26,084,007 37,239,302 37,861,767 43,173,993
1,068,451 1,139,375 1,872,771 1,847,595
250,000 5,000,000 9,010,335 2,997,486
195,515,642 170,209,104 179,728,189 214,185,591
205,624,023 229,825,518 255,827,227 320,258,309
30,328,854 30,036,000 27,321,076 26,687,638
24,534,219 24,994,521 24,295,067 23,813,448
181,089,804 204,830,997 231,532,160 296,444,861
9,439,875 10,504,822 11,443,528 11,612,007
16,625,081 23,098,701 23,485,132 29,652,650

32,312,553 26,200,691 28,766,119 35,199,965

18,357,971 14,134,284 14,830,923 18,924,859
13,954,582 12,066,407 13,935,196 16,275,106
1,425,538 564,078 (491,802) (421,940)
12,529,044 11,502,329 14,426,998 16,697,046
5,564,340 6,954,458 5,639,264 6,259,953
11,166,305 11,776,100 12,774,086 14,755,290
10,591,053 11,660,533 12,607,943 14,492,257
6,920,077 6,658,637 7,292,176 8,201,709
4,222,364 4,301,772 4,529,650 4,837,183

1,199,760 5,280,608 5,478,855 9,835,192

0 - - -
0 0 0 0
67,213,659 (4,856,009) (16,825,604) 43,544,740
151,143,471 114,653,583 176,116,584 253,248,424

0.43 0.46 0.48 0.46

0.03 0.03 0.03 0.03
0.16 0.15 0.13 0.13
0.01 0.01 0.01 0.01
0.01 0.02 0.01 0.01
0.03 0.03 0.03 0.03
0.57 0.54 0.52 0.54
1.53 1.75 1.73 1.77
0.29 0.36 0.37 0.36
1.90 1.68 2.24 2.32
3.52 0.81 0.83 0.49

0.06 0.08 0.08 0.08

0.45 0.38 0.36 0.36
0.42 0.45 0.47 0.49
0.68 0.75 0.75 0.68
0.93 0.92 0.92 0.93
0.70 0.68 0.69 0.78
0.54 0.59 0.60 0.63
 0.15 0.13 0.11 0.08
0.12 0.11 0.10 0.07
1.16 1.03 0.81 0.69
0.06 0.02 -0.02 -0.02
0.81 0.83 0.89 0.89

0.06 0.06 0.07 0.06

5.80 3.94 5.24 6.59
21.72 5.51 6.14 3.90
11.21 11.68 11.05 10.66

15.92 -1.13 -3.71 9.00

(Thousand Rupees)
2015 2016 2017 2018
149,156,407 158,457,896 151,423,488 164,486,591
14,668,525 14,668,525 14,668,525 14,668,525
44,553,993 47,146,362 49,519,342 57,935,252
89,933,889 96,643,009 87,235,621 91,882,814
22,695,244 23,609,084 21,215,598 14,562,465
1,953,058,056 2,223,017,060 2,401,311,157 2,700,445,803
27,942,101 31,108,762 33,617,261 42,325,254
314,485,132 333,987,106 395,486,210 518,896,397
1,558,310,675 1,793,370,392 1,899,511,435 2,020,007,979
52,320,148 64,550,800 72,696,251 119,216,173
2,124,909,707 2,405,084,040 2,573,950,243 2,879,494,859
154,303,383 219,788,876 230,256,066 266,610,256
29,428,453 32,742,891 28,777,991 26,095,330
18,381,633 33,926,110 33,900,345 51,277,336
1,236,415,888 1,304,722,761 1,335,791,470 1,341,030,709
666,372,114 772,645,840 864,237,563 1,082,130,756
68,949,121 68,621,823 67,037,629 71,564,479
60,735,843 60,513,286 63,548,585 66,276,830
605,636,271 712,132,554 800,688,978 1,015,853,926
28,363,131 24,715,765 50,570,181 57,370,349
52,380,948 77,055,083 93,965,212 121,256,953

139,360,273 137,807,927 142,510,065 157,168,449

62,598,872 58,490,216 64,879,843 81,152,453
76,761,401 79,317,711 77,630,222 76,015,996
4,335,008 666,163 23,804,767 4,639,834
72,426,393 78,651,548 53,825,455 71,376,162
32,266,316 25,859,057 30,952,803 16,444,513
47,290,941 52,264,566 57,290,362 67,971,554
45,737,572 50,917,849 56,227,736 70,327,028
57,401,768 52,246,039 27,487,896 19,849,121
 35,470,458 31,820,219 7,730,547 11,789,157

31,448,513 33,398,711 39,548,621 51,889,640

0 0 0 0
- - - -
346,701,985 164,417,580 82,547,166 122,049,832
628,227,343 583,558,529 560,986,894 715,787,631

0.55 0.58 0.54 0.48

0.04 0.03 0.03 0.03
0.24 0.20 0.05 0.07
0.02 0.01 0.00 0.00
0.02 0.01 0.01 0.01
0.03 0.03 0.02 0.02
0.45 0.42 0.46 0.52
0.80 0.97 2.05 3.54
0.28 0.32 0.33 0.39
1.42 1.97 1.82 4.28
1.13 0.95 0.20 0.23

0.09 0.11 0.10 0.10

0.58 0.54 0.52 0.47
0.29 0.30 0.31 0.35
0.73 0.75 0.74 0.70
0.92 0.92 0.93 0.94
0.43 0.43 0.46 0.54
0.36 0.36 0.38 0.43

0.10 0.09 0.08 0.07

0.09 0.08 0.07 0.06
0.46 0.43 0.44 0.44
0.07 0.01 0.37 0.07
0.88 0.88 0.95 0.93

0.07 0.07 0.06 0.06

4.21 3.68 3.70 4.35
4.74 4.74 3.83 3.17
10.45 11.32 12.54 12.28

9.77 5.17 10.68 10.35

(Thousand Rupees)
2015 2016 2017 2018
33,119,958 37,165,329 39,556,557 42,575,612
10,478,315 10,478,315 10,478,315 10,478,315
12,710,010 13,933,875 15,035,676 16,267,793
9,931,633 12,753,139 14,042,566 15,829,504
 3,707,846 2,505,121 941,698 (5,573,656)
453,051,304 486,935,967 620,167,516 636,393,825
6,344,461 8,108,633 19,643,603 12,173,407
31,462,822 37,205,175 64,038,646 51,347,381
403,354,957 430,888,036 508,103,951 543,577,510
11,889,064 10,734,123 28,381,316 29,295,527
489,879,108 526,606,417 660,665,771 673,395,781
30,645,728 35,561,885 42,281,977 48,177,009
13,806,513 2,259,974 1,100,929 1,115,557
14,444,641 16,750,886 10,914,805 11,984,795
281,134,589 314,619,011 396,636,990 346,665,904
150,076,425 159,893,152 190,745,709 243,250,307
18,486,982 19,873,142 18,519,849 17,679,907
17,429,586 16,931,049 16,426,423 16,560,690
132,646,839 142,962,103 174,319,286 226,689,617
3,124,779 3,055,866 3,131,575 3,899,579
14,076,019 11,396,692 32,280,209 34,863,320

36,850,013 33,172,071 33,838,124 42,520,197

22,466,055 21,409,855 19,867,170 26,297,463
14,383,958 11,762,216 13,970,954 16,222,734
2,225,962 844,615 (112,662) 382,429
12,157,996 10,917,601 14,083,616 15,840,305
9,181,740 8,836,266 5,643,758 6,074,015
8,800,825 9,420,120 10,598,290 11,839,942
8,445,940 9,359,596 10,420,061 11,616,837
12,538,911 10,333,747 9,129,084 10,074,378
7,655,933 6,119,324 5,509,006 6,160,584

3,146,282 3,720,518 6,403,865 5,134,738

0 0 0 0
- - - -
101,654,679 19,719,383 92,502,967 (31,608,724)
260,587,394 277,587,498 272,566,979 400,439,829

0.39 0.35 0.41 0.38

0.03 0.02 0.02 0.02
0.23 0.16 0.14 0.14
0.02 0.01 0.01 0.01
0.02 0.02 0.01 0.01
0.02 0.02 0.02 0.02
0.61 0.65 0.59 0.62
0.67 0.91 1.14 1.15
0.19 0.22 0.27 0.24
0.92 1.06 1.85 1.91
2.43 1.64 0.86 1.20
 0.09 0.07 0.07 0.07
0.57 0.60 0.60 0.51
0.27 0.27 0.26 0.34
0.82 0.82 0.77 0.81
0.92 0.92 0.94 0.95
0.37 0.37 0.38 0.45
0.35 0.34 0.33 0.41

0.12 0.12 0.10 0.07

0.12 0.11 0.09 0.07
0.56 0.53 0.47 0.42
0.13 0.05 -0.01 0.02
0.94 0.85 0.89 0.94

0.07 0.07 0.06 0.06

7.87 7.47 6.89 9.41
10.53 9.99 6.18 8.29
12.18 11.59 12.84 12.77

13.28 3.22 16.79 -5.13

(Thousand Rupees)
2015 2016 2017 2018
13,567,150 15,426,705 16,179,050 16,652,615
10,724,643 10,119,242 10,119,242 10,119,242
313,415 1,334,122 1,540,988 1,712,171
2,529,092 3,973,341 4,518,820 4,821,202
2,400,753 1,222,820 490,279 (1,035,589)
202,507,760 250,794,369 374,809,920 441,137,050
1,609,425 2,544,028 3,824,278 3,519,924
54,638,318 10,320,047 64,557,043 96,558,663
141,840,487 226,098,931 290,077,566 321,413,263
4,419,530 11,831,363 16,351,033 19,645,200
218,475,663 267,443,894 391,479,249 456,754,076
11,159,432 15,508,968 17,333,788 32,110,840
583,724 752,710 1,034,266 968,575
3,581,329 11,334,414 3,116,199 1,937,347
116,029,825 133,726,610 169,611,558 148,689,974
79,389,361 96,453,475 186,878,895 255,147,213
2,982,825 3,327,942 3,257,997 8,309,467
2,723,181 2,659,341 2,739,313 3,156,295
76,666,180 93,794,134 184,139,582 251,990,918
2,805,591 4,044,154 5,135,309 6,245,328
7,649,582 8,282,904 11,108,547 14,811,094

15,327,901 15,081,015 20,381,171 29,997,028

9,738,029 9,353,282 14,139,220 21,187,732
 5,589,872 5,727,733 6,241,951 8,809,296
816,241 351,423 370,651 238,788
4,773,631 5,376,310 5,871,300 8,570,508
3,289,706 4,861,269 4,051,340 2,140,838
4,889,641 6,847,643 8,302,076 9,806,589
4,824,342 6,748,444 8,256,335 9,956,060
3,173,696 3,389,936 1,620,564 904,757
2,025,547 2,076,616 973,149 562,338

5,463,832 1,032,005 6,455,704 1,011,924

- - - -
- - - -
34,992,128 (16,770,865) 96,304,643 (37,763,483)
47,190,568 78,923,028 99,457,652 104,806,746

0.36 0.38 0.31 0.29

0.03 0.02 0.02 0.02
0.15 0.13 0.06 0.03
0.01 0.01 0.00 0.00
0.02 0.02 0.01 0.00
0.02 0.02 0.02 0.02
0.64 0.62 0.69 0.71
1.52 1.99 5.09 11.00
0.26 0.34 0.34 0.31
1.47 1.39 2.04 4.65
0.37 2.01 0.15 0.56

0.05 0.06 0.05 0.07

0.53 0.50 0.43 0.33
0.35 0.35 0.47 0.55
0.65 0.85 0.74 0.70
0.93 0.94 0.96 0.97
0.56 0.43 0.64 0.79
0.40 0.41 0.53 0.61

0.04 0.03 0.02 0.03

0.03 0.03 0.01 0.01
0.22 0.22 0.20 0.50
0.30 0.13 0.14 0.08
0.91 0.80 0.84 0.38

0.06 0.06 0.04 0.04

3.48 5.12 6.15 6.29
2.48 14.95 2.51 16.46
10.45 14.66 17.93 19.30

17.28 -8.08 98.96 -67.15

Not available Not available Not available Not available
 (Thousand Rupees)
2015 2016 2017 2018
113,186,073 117,946,240 136,493,130 139,530,625
11,130,307 11,130,307 11,850,600 11,850,600
51,309,081 53,346,861 70,866,473 74,147,981
50,746,685 53,469,072 53,776,057 53,532,044
24,615,865 23,680,385 17,073,207 9,747,104
866,608,202 930,738,565 1,189,671,554 1,348,852,332
11,888,776 12,843,552 22,680,667 15,699,280
118,039,748 74,515,383 133,069,556 216,018,886
696,804,929 781,429,823 968,482,635 1,049,037,615
39,874,749 61,949,807 65,438,696 68,096,551
1,004,410,140 1,072,365,190 1,343,237,891 1,498,130,061
60,567,695 74,222,347 106,072,084 103,174,597
3,611,185 4,343,841 4,579,275 11,878,975
3,079,564 2,809,752 4,398,114 35,106,241
565,695,932 555,928,553 656,963,632 749,368,738
322,528,511 367,814,547 515,057,855 546,791,549
20,368,096 21,688,250 48,752,620 48,955,548
 18,406,573 19,697,930 45,702,006 43,210,226
304,121,938 348,116,617 469,355,849 503,581,323
29,302,881 32,066,098 39,169,606 41,069,761
38,030,945 54,877,982 62,699,331 53,950,426

80,393,385 67,400,294 74,090,972 83,318,994

31,077,225 23,586,203 31,428,759 37,304,844
49,316,160 43,814,091 42,662,213 46,014,150
503,341 653,651 1,045,019 (1,753,256)
48,812,819 43,160,440 41,617,194 47,767,406
16,566,067 16,174,707 18,117,954 17,198,126
23,050,347 23,260,457 28,720,940 32,901,914
21,967,630 22,073,702 27,957,811 32,090,793
42,328,539 36,074,690 31,014,208 32,063,618
25,546,267 21,890,896 22,458,901 21,359,578

1,113,031 1,113,031 1,185,060 1,185,060

0 0 0 0
- - - -
82,440,208 21,592,869 121,009,773 143,220,700
318,141,018 304,692,756 448,135,100 584,434,305

0.61 0.65 0.58 0.55

0.05 0.04 0.03 0.03
0.23 0.19 0.16 0.15
0.03 0.02 0.02 0.01
0.02 0.02 0.01 0.01
0.05 0.04 0.03 0.03
0.39 0.35 0.42 0.45
0.52 0.61 0.90 1.00
0.24 0.28 0.31 0.33
1.33 1.36 1.54 1.87
22.95 19.67 18.95 18.02

0.06 0.07 0.08 0.08

0.56 0.52 0.49 0.50
0.30 0.32 0.35 0.34
0.69 0.73 0.72 0.70
0.86 0.87 0.89 0.90
0.46 0.47 0.53 0.52
0.40 0.43 0.47 0.43

0.06 0.06 0.09 0.09

0.06 0.05 0.09 0.08
0.18 0.18 0.36 0.35
0.03 0.03 0.02 -0.04
0.90 0.91 0.94 0.88
 0.11 0.11 0.10 0.09
2.81 2.58 3.28 4.19
101.69 105.97 115.18 117.74
6.16 6.63 7.10 7.52

3.23 0.99 5.39 6.71

(Thousand Rupees)
2015 2016 2017 2018
10,014,614 10,094,531 9,832,379 9,937,242
10,000,000 10,000,000 10,000,000 11,200,000
10,461 26,444 26,444 26,444
4,153 68,087 (194,065) (1,289,202)
(31,862) 171,342 (201,600) 132,272
16,904,789 18,298,320 42,115,218 84,824,921
89,864 447,776 314,210 1,303,992
631,520 2,785,650 7,926,790 7,800,628
9,450,072 14,279,436 32,690,808 73,307,185
6,733,333 785,458 1,183,410 2,413,116
26,887,541 28,564,193 51,745,997 94,894,435
698,123 1,509,804 3,390,753 6,990,369
6,347,459 2,750,998 2,703,251 1,422,701
- - 1,400,000 4,675,000
5,995,470 5,769,675 9,186,213 12,713,954
12,569,208 16,130,187 31,314,623 62,922,064
- - - -
95,411 1,274 1,219 14,860
12,473,797 16,128,913 31,313,404 62,907,204
1,192,382 1,728,933 2,136,975 2,619,980
180,310 675,870 1,615,401 3,565,227

376,295 1,526,778 2,060,927 4,208,875

101,057 576,544 1,005,671 2,304,950
275,238 950,234 1,055,256 1,903,925
39,901 (94,137) (55) 895,646
235,337 1,044,371 1,055,311 1,008,279
25,068 259,164 439,010 399,262
202,774 1,189,562 1,845,248 3,087,754
200,698 1,187,266 1,845,119 3,083,172
57,631 113,973 (350,927) (1,680,213)
52,307 79,917 (262,997) (1,095,982)

1,000,000 1,000,000 1,000,000 1,120,000

- - - -
- - - -
(2,936,850) 3,434,946 6,130,427 (17,450,371)
 2,768,072 3,389,641 3,389,641 8,931,264

0.73 0.62 0.51 0.45

0.01 0.03 0.02 0.02
0.01 0.01 -0.03 -0.11
0.00 0.00 -0.01 -0.01
0.00 0.01 0.01 0.00
0.01 0.04 0.02 0.01
0.27 0.38 0.49 0.55
3.48 10.42 -5.26 -1.83
0.51 0.67 0.74 0.67
8.01 4.58 4.20 7.72
0.05 0.08 -0.26 -0.98

0.26 0.15 0.12 0.09

0.22 0.20 0.18 0.13
0.46 0.56 0.61 0.66
0.35 0.50 0.63 0.77
0.63 0.64 0.81 0.89
1.33 1.13 0.96 0.86
1.25 0.95 0.77 0.78

0.00 0.00 0.00 0.00

0.01 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.42 -73.89 -0.05 60.27
- - - -

0.37 0.35 0.19 0.10

0.28 0.34 0.34 0.90
10.01 10.09 9.83 8.87
0.94 1.41 3.32 7.38

-56.15 42.98 -23.31 15.92

(Thousand Rupees)
2015 2016 2017 2018
25,556,784 28,149,073 34,338,420 40,378,938
10,027,379 10,027,379 10,629,022 11,691,924
8,587,363 9,699,685 13,368,809 15,161,249
6,942,042 8,422,009 10,340,589 13,525,765
790,326 2,324,545 738,973 (45,883)
505,502,824 631,581,836 753,730,607 897,582,350
6,560,324 13,756,970 17,175,035 23,750,543
13,609,551 32,005,501 36,813,295 36,407,811
471,820,959 559,397,881 667,180,865 785,476,944
13,511,990 26,421,484 32,561,412 51,947,052
531,849,934 662,055,454 788,808,000 937,915,405
43,685,636 56,036,849 64,556,170 65,022,041
11,175,060 12,021,351 4,895,816 8,255,187
101,079,476 129,115,165 147,229,221 184,814,600
146,304,897 130,156,297 119,238,246 123,742,867
215,775,663 319,616,864 428,833,530 522,263,763
7,064,000 6,847,000 6,606,000 6,985,000
8,206,840 8,086,594 8,804,442 9,699,241
207,568,823 311,530,270 420,029,088 512,564,522
8,056,743 8,053,136 11,362,868 13,129,126
13,979,299 15,142,386 21,496,591 30,387,062

33,113,741 30,761,376 36,426,932 48,624,458

14,897,149 12,872,844 15,683,700 20,456,948
18,216,592 17,888,532 20,743,232 28,167,510
563,174 (184,919) 1,283,326 1,168,051
17,653,418 18,073,451 19,459,906 26,999,459
4,596,720 5,657,319 7,624,282 7,462,503
13,798,885 14,787,934 16,832,178 19,669,556
13,560,648 14,680,291 16,579,977 19,290,136
8,451,253 8,942,836 10,252,010 14,792,406
5,022,509 5,561,611 6,312,767 8,962,200

1,002,738 1,002,738 1,062,902 1,169,192

0 0 0 0
- - - 0
52,687,232 (7,740,738) (3,148,928) 8,732,438
326,925,590 367,448,209 363,667,883 462,955,500

0.55 0.58 0.57 0.58

0.03 0.03 0.03 0.03
0.20 0.20 0.18 0.22
0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.03 0.03 0.02 0.03
0.45 0.42 0.43 0.42
1.60 1.64 1.62 1.30
0.37 0.41 0.38 0.35
2.95 2.59 2.17 2.58
5.01 5.55 5.94 7.67

0.10 0.10 0.09 0.08

0.28 0.20 0.15 0.13
0.39 0.47 0.53 0.55
0.89 0.84 0.85 0.84
0.95 0.95 0.96 0.96
0.46 0.57 0.64 0.66
 0.44 0.54 0.61 0.64

0.03 0.02 0.02 0.01

0.04 0.03 0.02 0.02
0.28 0.24 0.19 0.17
0.07 -0.02 0.15 0.12
1.16 1.18 1.33 1.39

0.05 0.04 0.04 0.04

12.79 13.05 10.59 11.47
25.49 28.07 32.31 34.54
18.46 19.87 19.43 19.45

10.49 -1.39 -0.50 0.97

(Thousand Rupees)
2015 2016 Not available Not available
62,830,889 64,252,369
103,028,512 103,028,512
997,582 1,281,655
(41,195,205) (40,057,798)
(45,690,757) (45,447,560)
226,356,380 225,140,059
2,576,216 2,634,398
85,676,741 117,174,817
130,444,894 97,072,367
7,658,529 8,258,477
243,496,512 243,944,868
10,052,543 8,766,811
1,645,086 777,302
1,599,044 3,243,130
95,743,449 124,489,098
135,028,024 111,112,873
1,528,487 1,513,550
24,359,030 23,806,945
110,668,994 87,305,928
3,086,446 2,796,052
20,700,950 16,566,547

14,737,305 15,413,031
10,095,234 11,011,697
4,642,071 4,401,334
205,145 166,037
4,436,926 4,235,297
5,998,587 2,864,397
6,408,905 6,107,161
6,172,262 6,176,449
 4,026,608 992,533
2,617,293 1,420,364

10,302,851 10,302,851
0.00 0.00
0.00 0.00
39,972,497 21,087,754
75,260,429 106,690,871

0.32 0.29
0.02 0.02
0.04 0.02
0.01 0.01
0.02 0.01
0.02 0.02
0.69 0.71
1.53 6.22
0.31 0.33
1.03 2.16
0.25 0.14

0.05 0.04
0.39 0.51
0.45 0.36
0.54 0.40
0.93 0.92
1.04 1.14
0.62 0.52

0.01 0.01
0.18 0.21
0.02 0.02
0.01 0.01
15.94 15.73

0.26 0.26
1.20 1.66
6.10 6.24
2.08 1.51

15.27 14.85

(Thousand Rupees)
2015 2016 2017 2018
11,197,586 11,742,188 12,481,041 13,163,770
10,082,387 10,082,387 10,082,387 10,082,387
298,760 407,680 555,451 691,997
 816,439 1,252,121 1,843,203 2,389,386
646,633 577,336 227,153 (380,015)
68,322,117 90,780,211 105,515,314 109,980,832
492,159 915,076 686,692 877,017
27,325,753 35,847,072 46,201,468 39,780,603
38,844,291 50,306,804 54,901,464 65,225,052
1,659,914 3,711,259 3,725,690 4,098,160
80,166,336 103,099,735 118,223,508 122,764,587
3,258,421 4,723,664 3,887,745 5,154,790
1,071,112 816,421 127,386 493,174
2,000,000 5,277,254 5,192,950 9,449,244
44,726,421 57,237,456 62,918,102 48,021,370
26,259,641 30,987,952 42,502,560 55,891,780
1,973,975 2,372,926 2,335,748 2,392,000
2,072,603 2,197,972 2,320,787 2,299,525
24,187,038 28,789,980 40,181,773 53,592,255
1,323,670 1,290,007 1,113,248 1,064,563
3,599,674 4,964,953 4,802,304 4,989,191

5,468,187 5,682,057 7,256,121 7,555,595

3,325,564 3,576,446 4,896,833 4,847,164
2,142,623 2,105,611 2,359,288 2,708,431
21,540 265,459 101,412 68,364
2,121,083 1,840,152 2,257,876 2,640,067
805,257 1,079,406 715,146 766,719
2,110,963 1,993,103 2,042,094 2,297,067
2,060,056 1,980,190 2,023,021 2,258,765
815,377 926,455 930,928 1,109,719
430,603 544,602 738,853 682,729

1,008,239 1,008,239 1,008,239 1,008,239

- - - -
- - - -
27,066,960 14,243,363 2,962,310 (16,691,215)
7,700,023 51,429,803 232,309,529 157,744,444

0.39 0.37 0.33 0.36

0.03 0.02 0.02 0.02
0.04 0.05 0.06 0.05
0.01 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.03 0.02 0.02 0.02
0.61 0.63 0.67 0.64
2.53 2.14 2.17 2.04
0.34 0.29 0.26 0.28
2.56 1.83 2.83 2.95
0.43 0.54 0.73 0.68
 0.05 0.05 0.03 0.05
0.56 0.56 0.53 0.39
0.30 0.28 0.34 0.44
0.48 0.49 0.46 0.53
0.85 0.88 0.89 0.90
0.68 0.62 0.77 0.86
0.40 0.36 0.42 0.53

0.08 0.08 0.06 0.04

0.08 0.07 0.05 0.04
0.18 0.20 0.19 0.18
0.01 0.12 0.04 0.03
1.05 0.93 0.99 0.96

0.14 0.11 0.11 0.11

0.69 4.38 18.61 11.98
11.11 11.65 12.38 13.06
3.47 4.28 4.40 4.95

62.86 26.15 4.01 -24.45

(Thousand Rupees)
2015 2016 2017 2018
66,843,317 66,568,833 13,128,623 14,454,954
77,998,099 77,998,099 23,431,374 23,431,374
180,134 327,845 554,903 820,890
(11,334,916) (11,757,111) (10,857,654) (9,797,310)
(52,266,655) (54,514,245) 52,723 (68,207)
118,526,209 122,979,234 153,673,186 159,290,039
2,413,342 3,996,044 3,192,981 2,866,568
33,230,182 30,195,702 35,582,000 18,051,854
81,097,581 86,787,423 110,277,807 132,664,084
1,785,104 2,000,065 4,620,398 5,707,533
133,102,871 135,033,822 166,854,532 173,676,786
7,343,670 7,370,962 8,413,176 8,871,567
194,065 87,748 218,420 309,994
6,260,444 706,572 8,620,649 12,612,156
35,512,864 37,488,482 38,266,735 28,924,993
67,045,340 69,312,185 90,137,784 103,566,168
8,520,000 5,820,000 5,820,000 6,675,000
5,971,133 4,509,557 4,287,069 5,212,166
61,074,207 64,802,628 85,850,715 98,354,002
4,496,648 4,101,219 4,176,746 3,981,271
18,220,973 20,476,211 21,308,091 20,622,803

8,933,315 9,959,053 11,670,271 15,596,213

 5,833,685 5,609,691 6,184,217 8,990,735
3,099,630 4,349,362 5,486,054 6,605,478
724,377 (48,795) 288,575 1,268,673
2,375,253 4,398,157 5,197,479 5,336,805
1,894,323 2,212,664 2,943,468 3,414,872
6,109,278 5,325,689 6,754,399 6,874,849
5,268,719 5,500,470 6,341,426 6,781,153
(1,839,702) 1,285,132 1,386,548 1,876,828
(1,711,605) 738,553 1,135,288 1,329,933

7,799,810 7,799,810 9,081,861 2,343,137

- - - -
- - - -
14,775,621 5,049,696 (4,586,816) (17,302,060)
30,275,711 35,894,373 36,055,464 47,353,704

0.35 0.44 0.47 0.42

0.02 0.03 0.03 0.04
-0.03 0.01 0.09 0.09
-0.01 0.01 0.01 0.01
0.01 0.02 0.02 0.02
0.02 0.03 0.03 0.03
0.65 0.56 0.53 0.58
-2.86 4.28 4.57 3.61
0.56 0.44 0.46 0.36
2.78 2.49 2.15 1.99
-0.22 0.09 0.13 0.57

0.06 0.06 0.05 0.05

0.27 0.28 0.23 0.17
0.46 0.48 0.51 0.57
0.61 0.64 0.66 0.76
0.89 0.91 0.92 0.92
0.83 0.80 0.82 0.78
0.59 0.59 0.62 0.69

0.13 0.08 0.06 0.06

0.09 0.07 0.05 0.05
0.13 0.09 0.44 0.46
0.12 -0.01 0.07 0.24
0.70 0.77 0.74 0.78

0.50 0.49 0.08 0.08

0.45 0.54 2.75 3.28
8.57 8.53 1.45 6.17
1.21 1.30 8.40 9.18
 -8.63 6.84 -4.04 -13.01

(Thousand Rupees)
2015 2016 2017 2018
16,337,318 14,841,725 14,872,229 13,676,500
11,024,636 11,024,636 11,024,636 11,024,636
1,049,465 1,423,829 1,752,494 2,109,227
4,263,217 2,393,260 2,095,099 542,637
1,854,624 3,447,502 3,632,370 4,312,374
235,149,887 263,515,862 306,714,696 364,508,914
2,751,084 4,163,509 4,895,447 3,993,525
39,875,623 38,905,078 64,584,236 81,962,917
185,222,383 209,893,582 227,304,100 262,378,761
7,300,797 10,553,693 9,930,913 16,173,711
253,341,829 281,805,089 325,219,295 382,497,788
16,718,428 18,278,840 19,431,256 26,019,679
1,634,544 822,689 1,151,015 1,179,612
3,306,244 5,521,875 6,502,687 3,921,270
108,633,807 117,883,960 117,428,516 146,645,533
120,616,960 133,753,036 172,772,430 194,831,205
11,584,107 10,419,420 10,244,669 11,357,132
8,615,208 8,447,271 8,479,515 8,356,022
112,001,752 125,305,765 164,292,915 186,475,183
4,956,732 4,936,122 6,464,678 6,238,673
6,090,322 9,055,838 9,948,228 12,017,838

18,319,732 17,524,408 18,504,526 21,599,792

10,722,265 10,680,270 12,032,444 14,646,799
7,597,467 6,844,138 6,472,082 6,952,993
1,029,241 24,407 77,503 (71,072)
6,568,226 6,819,731 6,394,579 7,024,065
3,150,383 2,736,237 3,456,114 3,260,171
6,123,002 6,478,629 7,003,130 7,379,583
5,972,315 6,388,894 6,942,982 7,420,176
3,595,607 3,077,339 2,847,563 2,904,653
2,212,768 1,878,844 1,659,919 1,783,664

1,102,464 1,102,464 1,102,464 1,102,464

0.13 0.00 0.01 0.00
0.00 0.00 0.00 0.00
33,745,470 13,074,630 (5,929,785) 38,673,405
117,300,198 83,399,392 294,123,363 558,430,406

0.41 0.39 0.35 0.32

0.03 0.02 0.02 0.02
0.14 0.13 0.11 0.13
0.01 0.01 0.01 0.00
 0.01 0.01 0.01 0.01
0.03 0.02 0.02 0.02
0.59 0.61 0.65 0.68
1.66 2.08 2.44 2.55
0.29 0.32 0.32 0.30
1.90 2.33 2.01 2.28
2.01 1.70 1.51 1.62

0.07 0.07 0.06 0.07

0.43 0.42 0.36 0.38
0.44 0.44 0.51 0.49
0.73 0.74 0.70 0.69
0.93 0.94 0.94 0.95
0.65 0.64 0.76 0.74
0.54 0.54 0.59 0.57

0.10 0.08 0.06 0.06

0.07 0.06 0.05 0.04
0.71 0.70 0.69 0.83
0.12 0.00 0.01 -0.01
0.74 0.81 0.83 0.74

0.06 0.05 0.05 0.04

7.18 5.62 19.78 40.83
14.82 13.46 13.49 12.41
11.34 14.14 15.28 19.18

15.25 6.96 -3.57 21.68

(Thousand Rupees)
2015 2016 2017 2018
55,016,165 56,871,970 57,335,131 61,709,698
38,715,850 38,715,850 38,715,850 38,715,850
10,847,005 12,770,562 14,419,594 16,667,466
5,453,310 5,385,558 4,199,687 6,326,382
6,934,290 4,410,323 5,601,565 5,528,671
385,397,336 413,469,926 456,895,452 508,842,967
11,401,191 10,821,793 18,958,345 16,943,627
21,784,451 14,400,841 26,029,816 24,023,697
327,237,527 365,562,094 377,576,064 424,898,936
24,974,167 22,685,198 34,331,227 42,976,707
447,347,791 474,752,219 519,832,148 576,081,336
29,482,134 40,729,979 35,085,289 50,293,497
4,300,002 5,699,791 779,856 2,344,297
20,450,620 19,798,390 8,067,665 6,465,508
231,837,351 245,850,227 272,487,815 279,065,904
130,370,154 133,631,337 157,259,073 187,162,249
 24,018,416 - 19,587,098 17,402,702
21,516,718 19,680,570 19,624,561 17,618,487
108,853,436 113,950,767 137,634,512 169,543,762
5,963,952 5,773,296 8,033,890 7,837,979
46,460,296 42,949,769 57,743,121 60,530,389

32,937,559 28,395,001 26,798,792 31,206,960

10,629,849 9,009,663 10,300,723 12,376,471
22,307,710 19,385,338 16,498,069 18,830,489
1,557,406 (1,140,898) 283,664 (1,218,457)
20,750,304 20,526,236 16,214,405 20,048,946
7,097,124 7,162,775 8,981,850 9,687,692
12,462,809 12,344,145 11,743,130 11,290,065
12,104,946 11,964,196 11,456,760 10,886,745
15,384,619 15,344,866 13,453,125 18,446,573
9,288,426 9,617,785 8,245,162 11,239,360

3,871,585 3,871,585 3,871,585 3,871,585

0.20 0.20 0.00 0.00
- - - -
68,518,633 39,063,346 22,803,463 19,955,900
241,787,063 271,501,653 419,438,146 422,981,202

0.68 0.68 0.62 0.60

0.05 0.04 0.03 0.03
0.17 0.17 0.14 0.18
0.02 0.02 0.02 0.02
0.02 0.02 0.02 0.02
0.05 0.04 0.03 0.03
0.32 0.32 0.38 0.40
0.79 0.78 0.85 0.59
0.31 0.35 0.33 0.28
1.71 1.67 1.28 1.12
2.40 2.48 2.13 2.90

0.08 0.10 0.07 0.09

0.52 0.52 0.52 0.48
0.24 0.24 0.26 0.29
0.73 0.77 0.73 0.74
0.86 0.87 0.88 0.88
0.40 0.37 0.42 0.44
0.37 0.35 0.39 0.42

0.18 0.00 0.12 0.09

0.17 0.15 0.12 0.09
0.44 0.00 0.34 0.28
0.07 -0.06 0.01 -0.07
 0.90 - 1.00 1.01

0.12 0.12 0.11 0.11

4.39 4.77 7.32 6.85
14.21 14.69 14.81 15.94
5.95 6.43 6.59 6.89

7.38 4.06 2.77 1.78

(Thousand Rupees)
2015 2016 2017 2018
10,799,082 10,559,950 9,539,583 9,539,583
10,779,796 17,786,663 26,381,510 26,381,510
7,440,485 2,288,488 (6,306,359) (6,306,359)
(7,421,199) (9,515,201) (10,535,568) (10,535,568)
1,158,584 2,112,002 1,494,942 1,494,942
176,462,755 202,350,396 222,015,411 222,015,411
2,728,797 5,061,470 3,065,379 3,065,379
49,755,998 49,819,840 67,307,766 67,307,766
119,854,302 142,871,229 145,729,707 145,729,707
4,123,658 4,597,857 5,912,559 5,912,559
188,420,421 215,022,348 233,049,936 233,049,936
10,539,906 12,786,616 13,556,723 13,556,723
2,919,244 2,582,531 2,440,333 2,440,333
1,000,000 1,631,583 10,671,003 10,671,003
78,192,065 90,575,032 95,231,064 95,231,064
83,098,916 94,255,433 99,531,320 99,531,320
17,183,005 16,719,020 17,065,580 17,065,580
12,544,846 14,411,701 14,009,450 14,009,450
70,554,070 79,843,732 85,521,870 85,521,870
9,321,873 12,272,884 12,664,584 12,664,584
15,893,263 15,329,970 12,964,359 12,964,359

10,705,473 10,626,799 10,644,945 10,644,945

7,656,589 7,853,591 7,745,052 7,745,052
3,048,884 2,773,208 2,899,893 2,899,893
1,575,408 1,884,185 (146,070) (146,070)
1,473,476 889,023 3,045,963 3,045,963
4,319,966 3,127,394 2,419,997 2,419,997
5,137,322 5,934,128 6,228,728 6,228,728
5,113,648 5,817,604 6,069,011 6,069,011
656,120 (1,917,711) (762,768) (762,768)
217,222 (2,174,392) (1,146,439) (1,146,439)

1,077,980 1,778,666 2,638,151 2,638,151

- - - -
- - - -
 35,881,502 12,495,069 7,416,783 7,416,783
145,031,813 107,826,940 117,856,006 117,856,006

0.28 0.26 0.27 0.27

0.02 0.01 0.01 0.01
0.02 -0.21 -0.12 -0.12
0.00 -0.01 0.00 0.00
0.02 0.01 0.01 0.01
0.01 0.00 0.01 0.01
0.72 0.74 0.73 0.73
7.79 -3.03 -7.96 -7.96
0.34 0.43 0.48 0.48
1.18 1.86 2.51 2.51
0.20 -1.22 -0.43 -0.43

0.07 0.07 0.07 0.07

0.42 0.42 0.41 0.41
0.37 0.37 0.37 0.37
0.64 0.66 0.63 0.63
0.94 0.94 0.95 0.95
0.69 0.66 0.68 0.68
0.49 0.49 0.47 0.47

0.21 0.18 0.17 0.17

0.15 0.15 0.14 0.14
1.59 1.58 1.79 1.79
0.13 0.13 -0.01 -0.01
0.73 0.86 0.82 0.82

0.06 0.05 0.04 0.04

13.43 10.21 12.35 12.35
10.02 5.94 3.62 3.62
11.10 13.53 15.28 15.28

165.18 -5.75 -6.47 -6.47

(Thousand Rupees)
2015 2016 2017 2018
105,867,061 116,942,573 127,001,081 134,682,882
12,241,798 12,241,798 12,241,798 12,241,798
38,402,303 40,454,505 43,846,877 54,439,238
55,222,960 64,246,270 70,912,406 68,001,846
36,268,414 34,844,288 32,305,966 16,587,066
1,258,515,368 1,448,845,529 1,873,626,887 1,738,329,198
13,391,739 24,519,507 29,847,743 27,249,136
163,131,947 201,549,619 512,650,465 268,124,033
1,051,235,170 1,167,123,963 1,272,787,824 1,366,060,048
 30,756,512 55,652,440 58,340,855 76,895,981
1,400,650,843 1,600,632,390 2,032,933,934 1,889,599,146
112,011,276 131,506,861 157,582,687 1,834,567,358
16,859,118 14,920,994 19,516,198 23,345,698
24,094,768 25,710,707 10,867,531 33,941,546
719,518,093 806,531,246 1,091,786,626 786,375,326
497,031,910 550,636,310 670,055,700 776,272,341
46,833,232 44,566,984 52,246,691 68,561,721
41,618,030 40,525,386 42,696,864 60,335,610
455,413,880 510,110,924 627,358,836 715,936,731
30,641,032 33,579,026 45,208,373 45,799,099
42,112,676 78,272,632 80,613,683 (1,550,366,612)

94,352,931 98,219,214 107,205,820 113,198,299

38,511,161 41,176,686 50,781,440 56,964,028
55,841,770 57,042,528 56,424,380 56,234,271
3,630,906 1,478,866 2,449,810 12,914,078
52,210,864 55,563,662 53,974,570 43,320,193
21,987,007 23,608,642 22,162,142 25,071,809
32,023,186 33,156,708 36,218,256 36,768,122
30,896,159 31,903,598 35,349,864 38,826,761
42,174,685 46,015,596 39,918,456 24,966,664
25,727,149 27,730,112 25,179,647 15,226,095

1,224,180 1,224,180 1,224,180 1,224,180

0 0 0 0
- - - -
266,687,926 130,776,564 253,458,855 (244,641,712)
749,066,735 727,624,808 949,350,377 1,118,899,495

0.59 0.58 0.53 0.50

0.04 0.04 0.03 0.03
0.24 0.24 0.20 0.11
0.02 0.02 0.01 0.01
0.02 0.01 0.01 0.01
0.04 0.03 0.03 0.02
0.41 0.42 0.47 0.50
0.73 0.69 0.89 1.56
0.28 0.27 0.28 0.27
1.41 1.35 1.60 1.55
21.02 22.65 20.57 12.44

0.09 0.09 0.09 0.98

0.51 0.50 0.54 0.42
0.33 0.32 0.31 0.38
0.75 0.73 0.63 0.72
0.90 0.91 0.92 0.92
 0.47 0.47 0.53 0.57
0.41 0.40 0.38 0.48

0.09 0.08 0.08 0.09

0.08 0.07 0.06 0.08
0.44 0.38 0.41 0.51
0.09 0.04 0.06 0.21
0.89 0.91 0.82 0.88

0.08 0.07 0.06 0.07

7.08 6.22 7.48 8.31
86.48 95.53 103.74 110.02
9.93 9.98 10.02 10.14

10.37 4.72 10.07 -16.07

(Thousand Rupees)
2015 2016 2017 2018
17,768,377 20,751,615 20,645,375 20,380,986
16,853,192 22,801,791 22,800,430 22,800,504
12,454,959 7,188,868 7,218,925 7,248,160
(11,539,774) (9,239,044) (9,373,980) (9,667,678)
47,151,416 47,456,734 50,110,143 50,009,085
154,694,215 179,983,395 182,994,491 183,622,608
494,597 607,015 641,889 644,807
83,441,779 82,755,550 84,603,539 84,603,539
45,450,298 69,443,331 70,411,781 70,677,974
25,307,541 27,177,499 27,337,282 27,696,288
219,614,008 248,191,744 253,750,009 254,012,679
3,818,346 4,847,858 5,063,965 5,154,764
18,193,382 20,972,307 21,575,977 20,898,962
1,996,740 1,576,959 1,402,610 1,402,610
26,307,614 44,974,063 47,106,369 47,384,585
159,395,469 166,122,795 166,083,621 166,612,998
30,070,372 36,208,022 36,162,795 36,205,354
17,886,655 18,142,902 18,124,819 18,124,819
141,508,814 147,979,893 147,958,802 148,488,179
6,889,399 6,866,685 9,353,570 9,359,612
20,899,713 20,973,979 21,288,716 21,323,967

20,825,904 22,004,508 22,104,563 22,228,721

6,672,349 6,051,789 6,097,101 6,136,773
14,153,555 15,952,719 16,007,462 16,091,948
(514,517) 1,898,443 1,866,018 1,866,018
14,668,072 14,054,276 14,141,444 14,225,930
6,497,886 4,821,020 4,812,684 4,825,799
12,183,027 12,423,944 12,693,242 12,770,297
11,992,338 12,092,303 12,264,393 12,381,448
8,982,931 6,451,352 6,260,886 6,281,432
5,833,444 3,396,194 3,313,296 3,319,216

1,495,859 1,495,859 1,570,350 1,570,351

N/A N/A N/A N/A
N/A N/A N/A N/A
2,653,648 19,905,320 22,729,181 21,635,159
9,404,490 15,952,522 17,811,995 17,855,663

0.68 0.73 0.72 0.72

0.06 0.06 0.06 0.06
0.33 0.16 0.16 0.16
0.03 0.01 0.01 0.01
0.03 0.02 0.02 0.02
0.07 0.06 0.06 0.06
0.32 0.28 0.28 0.28
1.34 1.87 1.96 1.97
0.45 0.46 0.47 0.47
1.85 2.51 2.55 2.57
3.90 2.27 2.11 2.11

0.10 0.10 0.11 0.10

0.12 0.18 0.19 0.19
0.64 0.60 0.58 0.58
0.21 0.28 0.28 0.28
0.70 0.73 0.72 0.72
3.51 2.39 2.36 2.36
1.24 1.09 1.07 1.07

0.19 0.22 0.22 0.22

0.11 0.11 0.11 0.11
1.69 1.74 1.75 1.78
-0.03 0.10 0.10 0.10
0.59 0.50 0.50 0.50

0.08 0.08 0.08 0.08

0.53 0.77 0.86 0.88
11.88 13.87 13.15 12.98
2.56 3.35 3.41 3.47

0.45 5.86 6.86 6.52

(Thousand Rupees)
2015 2016 2017 2018
(26,281,768) (26,102,344) (25,916,289) (25,916,289)
1 1 - -
 - - - -
(26,281,769) (26,102,345) (25,916,289) (25,916,289)
43,917 76,967 68,084 68,084
30,346,348 30,104,331 30,123,511 30,123,511
7,107 3,534 3,520 3,520
23,409,994 23,409,994 23,409,994 23,409,994
165,002 157,339 139,477 139,477
6,764,245 6,533,464 6,570,520 6,570,520
4,108,497 4,078,954 4,275,306 4,275,306
45,299 38,503 22,467 22,467
7,338 8,080 7,631 7,631
1,111,740 1,131,959 1,402,610 1,402,610
489,703 460,986 443,102 443,102
5,890,949 5,785,114 5,786,744 5,786,744
5,881,104 5,776,630 5,776,999 5,776,999
5,881,104 5,776,630 5,776,999 5,776,999
9,845 8,484 9,745 9,745
49,268 49,187 49,184 49,184
2,395,304 2,381,755 2,340,567 2,340,567

121,523 110,900 102,715 102,715

22,135 14,323 10,765 10,765
99,388 96,577 91,950 91,950
(38,549) (22,376) (102,066) (102,066)
137,937 118,953 194,016 194,016
767,381 219,573 223,697 223,697
150,828 118,391 126,747 126,747
114,029 113,075 126,706 126,706
754,490 220,135 290,966 290,966
753,255 217,151 219,048 219,048

- - - -
- - - -
- - - -
(1,017,313) (211,853) (187,160) (187,160)
132,383 136,765 95,803 95,803

0.82 0.87 0.90 0.90

0.02 0.02 0.02 0.02
-0.03 -0.01 -0.01 -0.01
0.18 0.05 0.05 0.05
0.19 0.05 0.05 0.05
0.03 0.03 0.05 0.05
0.18 0.13 0.10 0.10
0.15 0.51 0.44 0.44
0.17 0.36 0.39 0.39
0.15 0.51 0.57 0.57
 - - - -

0.01 0.01 0.01 0.01

0.12 0.11 0.10 0.10
0.00 0.00 0.00 0.00
0.04 0.04 0.03 0.03
7.39 7.38 7.05 7.05
35.70 36.77 41.49 41.49
0.25 0.25 0.25 0.25

1.00 1.00 1.00 1.00

1.00 1.00 1.00 1.00
-0.22 -0.22 -0.22 -0.22
-0.01 0.00 -0.02 -0.02
1.00 1.00 1.00 1.00

-6.40 -6.40 -6.06 -6.06

-0.01 -0.01 0.00 0.00
- - - -
-0.01 -0.01 -0.01 -0.01

-1.35 -0.98 -0.85 -0.85

(Thousand Rupees)
2015 2016 2017 2018
302,827 8,328 (406,365) (406,365)
2,392,507 2,392,507 2,392,507 2,392,507
206,526 206,526 206,526 206,526
(2,296,206) (2,590,705) (3,005,398) (3,005,398)
53,489 12,320 (27,980) (27,980)
8,260,210 9,357,567 11,429,439 11,429,439
114,107 95,443 92,554 92,554
2,888,685 3,460,326 5,308,315 5,308,315
4,770,201 5,228,716 5,343,655 5,343,655
487,217 573,082 684,915 684,915
8,616,526 9,378,215 10,995,094 10,995,094
390,011 560,802 435,791 435,791
1,739 4,226 11,321 11,321
885,000 445,000 - -
4,117,491 4,869,535 6,911,314 6,911,314
8,011,882 8,028,712 7,744,049 7,744,049
5,517,582 5,418,812 5,396,984 5,396,984
5,260,172 5,256,992 5,238,540 5,238,540
2,751,710 2,771,720 2,505,509 2,505,509
119,002 101,141 63,122 63,122
351,573 625,791 1,068,037 1,068,037
 705,267 615,070 649,278 649,278
436,280 441,204 520,408 520,408
268,987 173,866 128,870 128,870
(62,867) (64,266) (16,807) (16,807)
331,854 238,132 145,677 145,677
47,934 47,270 24,738 24,738
654,358 742,220 891,422 891,422
645,250 740,332 840,252 840,252
(274,570) (456,818) (721,007) (721,007)
(282,157) (199,242) (294,022) (294,022)

239,251 239,251 239,251 239,251

- - - -
- - - -
3,102,178 508,200 1,990,780 1,990,780
4,376,730 4,846,806 6,730,038 6,730,038

0.38 0.28 0.20 0.20

0.03 0.02 0.01 0.01
-0.93 -23.92 0.72 0.72
-0.03 -0.02 -0.03 -0.03
0.01 0.01 0.00 0.00
0.04 0.03 0.01 0.01
0.62 0.72 0.80 0.80
-2.35 -1.62 -1.17 -1.17
0.87 1.12 1.32 1.32
13.46 15.66 33.97 33.97
-1.18 -0.83 -1.23 -1.23

0.05 0.06 0.04 0.04

0.48 0.52 0.63 0.63
0.32 0.30 0.23 0.23
0.55 0.56 0.49 0.49
0.96 1.00 1.04 1.04
1.68 1.54 1.45 1.45
1.05 0.92 0.73 0.73

0.69 0.67 0.70 0.70

0.66 0.65 0.68 0.68
18.22 650.67 -13.28 -13.28
-0.01 -0.01 0.00 0.00
0.95 0.97 0.97 0.97

0.04 0.00 -0.04 -0.04

14.45 581.99 -16.56 -16.56
1.27 0.03 -1.70 -1.70
15.75 627.85 -13.15 -13.15
 -10.99 -2.55 -6.77 -6.77

(Thousand Rupees)
2015 2016 2017 2018
6,863,289 6,989,035 7,111,433 6,847,044
1,938,243 7,886,842 7,885,482 7,885,556
6,603,774 682,816 712,873 742,108
(1,678,728) (1,580,623) (1,486,922) (1,780,620)
4,726,591 4,783,944 7,486,536 7,385,478
7,724,985 7,400,612 8,320,656 8,948,773
27,324 14,807 52,584 55,502
- - - -
4,567,142 4,186,617 5,057,990 5,324,183
3,130,519 3,199,188 3,210,082 3,569,088
19,314,865 19,173,591 22,918,625 23,181,295
866,698 770,803 1,127,957 1,218,756
1,775,794 885,556 1,482,580 805,565
- - - -
1,934,771 2,525,001 2,633,412 2,911,628
10,800,592 11,040,810 11,284,669 11,814,046
2,147,218 2,270,105 2,246,337 2,288,896
1,606,077 1,606,271 1,606,271 1,606,271
9,194,515 9,434,539 9,678,398 10,207,775
4,619,964 4,645,212 7,170,119 7,176,161
923,123 912,480 826,159 861,410

1,739,766 1,647,117 1,721,149 1,845,307

197,365 140,781 110,447 150,119
1,542,401 1,506,336 1,610,702 1,695,188
- 194 - -
1,542,401 1,506,142 1,610,702 1,695,188
99,907 132,477 142,549 155,664
1,518,121 1,496,634 1,608,374 1,685,429
1,432,249 1,389,835 1,448,374 1,565,429
124,187 141,985 144,877 165,423
89,725 103,948 113,933 119,853

4,364 4,364 78,855 78,856

- - - -
- - - -
301,375 (441,734) 874,854 (219,168)
152,152 204,137 221,340 265,008

0.89 0.91 0.94 0.92

0.08 0.08 0.07 0.07
0.01 0.01 0.02 0.02
 0.00 0.01 0.01 0.01
0.01 0.01 0.01 0.01
0.08 0.08 0.07 0.07
0.11 0.09 0.06 0.08
11.53 9.79 10.00 9.46
0.83 0.84 0.86 0.84
14.34 10.49 10.16 10.06
20.56 23.82 1.44 1.52

0.14 0.09 0.11 0.09

0.10 0.13 0.11 0.13
0.48 0.49 0.42 0.44
0.24 0.22 0.22 0.23
0.40 0.39 0.36 0.39
2.36 2.64 2.23 2.22
2.36 2.64 2.23 2.22

0.20 0.21 0.20 0.19

0.15 0.15 0.14 0.14
0.31 0.32 0.32 0.33
0.00 0.00 0.00 0.00
0.75 0.71 0.72 0.70

0.36 0.36 0.31 0.30

0.02 0.03 0.03 0.04
1572.71 1601.52 90.18 86.83
0.67 0.60 0.71 0.78

3.36 -4.25 7.68 -1.83

(Thousand Rupees)
2015 2016 2017 2018
36,884,029 39,856,596 39,856,596 39,856,596
12,522,441 12,522,441 12,522,441 12,522,441
5,644,659 6,299,526 6,299,526 6,299,526
18,716,929 21,034,629 21,034,629 21,034,629
42,327,419 42,583,503 42,583,503 42,583,503
108,362,672 133,120,885 133,120,885 133,120,885
346,059 493,231 493,231 493,231
57,143,100 55,885,230 55,885,230 55,885,230
35,947,953 59,870,659 59,870,659 59,870,659
14,925,560 16,871,765 16,871,765 16,871,765
187,574,120 215,560,984 215,560,984 215,560,984
2,516,338 3,477,750 3,477,750 3,477,750
16,408,511 20,074,445 20,074,445 20,074,445
- - - -
19,765,649 37,118,541 37,118,541 37,118,541
134,692,046 141,268,159 141,268,159 141,268,159
16,524,468 22,742,475 22,742,475 22,742,475
5,139,302 5,503,009 5,503,009 5,503,009
129,552,744 135,765,150 135,765,150 135,765,150
2,101,165 2,071,145 2,071,145 2,071,145
17,229,713 17,053,953 17,053,953 17,053,953

18,259,348 19,631,421 19,631,421 19,631,421

6,016,569 5,455,481 5,455,481 5,455,481
12,242,779 14,175,940 14,175,940 14,175,940
(413,101) 1,984,891 1,984,891 1,984,891
12,655,880 12,191,049 12,191,049 12,191,049
5,582,664 4,421,700 4,421,700 4,421,700
9,859,720 10,066,699 10,066,699 10,066,699
9,800,810 9,849,061 9,849,061 9,849,061
8,378,824 6,546,050 6,546,050 6,546,050
5,272,621 3,274,337 3,274,337 3,274,337

1,252,244 1,252,244 1,252,244 1,252,244

- - - -
- - - -
267,408 20,050,707 20,050,707 20,050,707
4,743,225 10,764,814 10,764,814 10,764,814

0.67 0.72 0.72 0.72

0.07 0.07 0.07 0.07
0.14 0.08 0.08 0.08
0.03 0.02 0.02 0.02
0.03 0.02 0.02 0.02
0.07 0.06 0.06 0.06
0.33 0.28 0.28 0.28
1.17 1.50 1.50 1.50
0.41 0.42 0.42 0.42
1.76 2.23 2.23 2.23
4.21 2.61 2.61 2.61

0.10 0.11 0.11 0.11

0.11 0.17 0.17 0.17
0.69 0.63 0.63 0.63
0.19 0.28 0.28 0.28
0.58 0.62 0.62 0.62
3.75 2.36 2.36 2.36
1.45 1.22 1.22 1.22

0.12 0.16 0.16 0.16

0.04 0.04 0.04 0.04
0.45 0.57 0.57 0.57
 -0.08 0.36 0.36 0.36
0.31 0.24 0.24 0.24

0.20 0.18 0.18 0.18

0.13 0.27 0.27 0.27
29.45 31.83 31.83 31.83
0.97 1.50 1.50 1.50

0.05 6.12 6.12 6.12

(Thousand Rupees)
2015 2016 2017 2018
26,899,289 27,545,399 42,717,688 55,849,888
18,117,430 17,989,455 29,935,296 43,532,211
164,791 168,704 163,039 161,543
8,617,068 9,387,240 12,619,353 12,156,134
184,000 25,599 (248,871) (611,577)
233,751,840 365,211,279 524,623,905 604,106,340
2,982,070 6,444,711 7,394,470 6,825,088
108,506,332 188,782,820 320,014,727 373,037,276
105,892,088 147,092,366 169,160,637 192,689,060
16,371,350 22,891,382 28,054,071 31,554,916
260,835,129 392,782,277 567,092,722 659,344,651
19,995,516 22,378,445 36,654,151 54,443,354
2,030,938 5,424,146 3,362,099 5,062,933
19,296,920 40,652,680 169,574,507 242,277,899
173,356,139 276,804,547 293,127,110 249,859,445
40,716,541 35,555,281 43,541,169 74,002,195
3,167,184 2,963,262 2,895,154 2,840,145
3,178,373 2,970,555 2,986,081 3,077,997
37,538,168 32,584,726 40,555,088 70,924,198
1,506,651 1,560,563 1,617,875 1,533,601
7,110,797 13,377,170 22,201,892 35,243,221

14,995,259 17,513,836 28,034,169 37,573,078

7,862,467 11,751,053 17,818,510 23,402,921
7,132,792 5,762,783 10,215,659 14,170,157
(509,045) (98,081) 16,103 86,901
7,641,837 5,860,864 10,199,556 14,083,256
7,220,209 6,883,540 5,174,630 7,422,324
4,663,343 4,413,283 5,131,359 6,848,464
4,599,949 4,316,542 4,934,666 6,558,310
10,198,703 8,331,121 10,242,827 14,642,026
6,445,417 5,058,822 6,188,117 9,012,566

82,690,306 (61,678,985) 10,744,512 12,754,170

845,320,790 1,390,191,010 1,573,713,722 1,578,041,798
 0.48 0.33 0.36 0.38
0.03 0.01 0.02 0.02
0.24 0.18 0.14 0.16
0.02 0.01 0.01 0.01
0.03 0.02 0.01 0.01
0.03 0.01 0.02 0.02
0.52 0.67 0.64 0.62
0.45 0.52 0.48 0.45
0.21 0.18 0.15 0.15
0.64 0.63 0.95 0.88

0.08 0.07 0.07 0.09

0.66 0.70 0.52 0.38
0.14 0.08 0.07 0.11
0.41 0.37 0.30 0.29
0.90 0.93 0.93 0.92
0.38 0.24 0.26 0.38
0.19 0.11 0.09 0.13

0.08 0.08 0.07 0.04

0.08 0.08 0.07 0.04
0.12 0.11 0.07 0.05
-0.16 -0.03 0.01 0.03
1.00 1.00 1.03 1.08

0.10 0.07 0.08 0.08

31.43 50.47 36.84 28.26
3.94 5.34 3.96 3.45

12.83 -12.19 1.74 1.42

(Thousand Rupees)
Not available Not available 2017 2018
5,520,860 6,943,095
5,520,860 6,943,095
- -
- -
(211,200) (478,310)
721,492 8,299,459
- -
- -
- 7,227,913
721,492 1,071,546
6,031,152 14,764,244
5,521,360 7,238,142
285,720 10,726
 - 276,244
- 6,569,934
- 133,900
- -
- -
- 133,900
195,879 232,280
28,193 303,018

- 369,276
- 345,662
- 23,614
- -
- 23,614
(17,522) 12,969
193,678 561,245
193,678 561,245
(211,200) (524,662)
(211,200) (267,110)

482,099 6,686,824
739,274 13,864,479

- 0.06
0.00 0.00
-0.04 -0.04
-0.04 -0.02
0.00 0.00
0.00 0.00
- 0.94
-0.92 -1.07
-11.05 1.47
-11.05 43.28

0.96 0.49
0.00 0.45
0.00 0.01
0.00 0.49
0.12 0.56
- 0.02
- 0.02

- 0.00
- 0.00
0.00 0.00
- -
- -
 0.92 0.47
0.13 2.00
0.00 1.04

-2.28 -25.03

Not available Not available Not available Not available

 (Thousand Rupees)
2015 2016 2017 2018
10,580,250 10,155,720 9,208,339 10,695,060
6,812,671 6,812,671 6,812,671 6,812,671
164,791 168,704 163,039 161,543
3,602,788 3,174,345 2,232,629 3,720,846
186,318 64,458 (5,261) (75,530)
77,876,917 101,830,206 111,016,694 130,328,702
1,766,257 2,524,303 1,836,429 4,199,017
7,003,479 18,394,904 15,460,370 14,123,811
61,742,683 75,076,382 78,817,906 95,036,059
7,364,498 5,834,617 14,901,989 16,969,815
88,643,485 112,050,384 120,219,772 140,948,232
4,809,308 5,480,867 5,907,205 9,126,210
704,912 1,542,895 1,091,101 641,152
8,464,057 13,325,003 23,930,516 12,458,933
48,585,117 66,676,243 57,091,381 66,498,149
24,460,487 24,288,475 27,282,422 42,748,043
 3,070,673 2,866,751 2,798,643 2,743,634
3,070,890 2,866,965 2,798,898 2,744,060
21,389,597 21,421,510 24,483,524 40,003,983
458,331 579,296 541,286 485,702
4,232,163 3,024,570 7,174,759 11,734,103

5,961,665 5,696,189 7,226,821 8,077,795

2,347,225 2,894,239 4,286,580 3,899,578
3,614,440 2,801,950 2,940,241 4,178,217
(174,532) (84,686) (68,067) (54,838)
3,788,972 2,886,636 3,008,308 4,233,055
3,862,852 4,380,731 2,920,106 3,916,393
1,992,717 2,075,938 2,173,761 2,197,524
1,930,627 1,979,939 2,113,118 2,101,549
5,659,107 5,191,429 3,754,653 5,951,924
3,609,224 3,201,105 2,233,920 3,709,531

18,395,756 8,449,982 9,032,530 15,044,292

238,019,462 272,955,238 233,667,362 246,245,301

0.61 0.49 0.41 0.52

0.04 0.03 0.02 0.03
0.34 0.32 0.24 0.35
0.04 0.03 0.02 0.03
0.04 0.04 0.02 0.03
0.04 0.03 0.03 0.03
0.39 0.51 0.59 0.48
0.34 0.38 0.56 0.35
0.20 0.21 0.21 0.18
0.50 0.45 0.72 0.54

0.06 0.06 0.06 0.07

0.55 0.60 0.47 0.47
0.24 0.19 0.20 0.28
0.70 0.67 0.66 0.67
0.88 0.91 0.92 0.92
0.40 0.32 0.35 0.45
0.36 0.26 0.29 0.39

0.13 0.12 0.10 0.06

0.13 0.12 0.10 0.06
0.29 0.28 0.30 0.26
-0.06 -0.03 -0.02 -0.02
1.00 1.00 1.00 1.00

0.12 0.09 0.08 0.08

22.50 26.88 25.38 23.02
 5.84 7.39 8.56 8.89

5.10 2.64 4.04 4.06

(Thousand Rupees)
2015 2016 2017 2018
5,899,894 5,537,870 6,952,864 7,596,820
3,667,658 3,544,827 4,238,906 5,091,000
- - - -
2,232,236 1,993,043 2,713,958 2,505,820
- - - -
15,214,089 18,955,701 27,346,693 27,794,406
942,655 2,976,253 932,787 1,314,231
11,113 27,509 15,755 2,871,553
11,977,105 14,092,145 23,212,445 20,100,376
2,283,216 1,859,794 3,185,706 3,508,246
21,113,983 24,493,571 34,299,557 35,391,226
5,539,927 4,993,782 5,995,920 6,961,709
951,925 136,459 396,881 220,159
6,422,104 14,630,311 19,707,230 19,150,856
- - - -
6,667,252 3,318,334 5,813,996 6,354,270
96,511 96,511 96,511 96,511
107,483 103,590 104,718 104,509
6,559,769 3,214,744 5,709,278 6,249,761
324,115 291,553 271,894 214,924
1,316,143 1,226,722 2,218,354 2,593,817

1,370,390 1,049,008 1,221,952 1,738,883

442,887 345,527 463,007 768,616
927,503 703,481 758,945 970,267
(334,513) (13,395) 1,705 (5,224)
1,262,016 716,876 757,240 975,491
1,437,384 1,036,326 1,389,908 964,928
1,043,430 1,014,080 1,004,966 1,326,771
1,043,460 1,014,095 980,403 1,310,838
1,655,970 739,122 1,142,182 613,648
1,015,571 419,526 712,223 365,621

(98,646) (534,806) 622,010 552,465

55,565,227 60,496,027 33,040,643 42,939,864

0.68 0.67 0.62 0.56

0.04 0.03 0.02 0.03
0.17 0.08 0.10 0.05
0.05 0.02 0.02 0.01
0.07 0.04 0.04 0.03
 0.06 0.03 0.02 0.03
0.32 0.33 0.38 0.44
0.63 1.37 0.86 2.14
0.37 0.49 0.38 0.49
0.73 0.98 0.71 1.36

0.31 0.21 0.19 0.20

0.00 0.00 0.00 0.00
0.31 0.13 0.17 0.18
0.57 0.58 0.68 0.57
0.72 0.77 0.80 0.79
0.56 0.24 0.25 0.32
0.56 0.24 0.25 0.28

0.01 0.03 0.02 0.02

0.02 0.03 0.02 0.02
0.02 0.02 0.01 0.01
-3.11 -0.13 0.02 -0.05
1.11 1.07 1.09 1.08

0.28 0.23 0.20 0.21

9.42 10.92 4.75 5.65
2.03 2.54 3.34 2.65

-0.10 -1.27 0.87 1.51

Not available Not available Not available Not available

 (Thousand Rupees)
2015 2016 2017 2018
6,401,292 7,823,171 16,872,113 26,315,633
3,780,941 3,775,797 9,506,699 20,829,285
- - - -
2,620,351 4,047,374 7,365,414 5,486,348
(2,318) (38,542) (32,050) (57,530)
133,855,321 238,095,040 375,008,800 433,005,461
266,947 831,033 4,573,858 1,292,129
100,081,926 169,531,176 303,724,827 355,486,464
26,948,982 52,779,401 57,698,198 66,540,142
6,557,466 14,953,430 9,011,917 9,686,726
140,254,295 245,879,669 391,848,863 459,263,564
5,413,124 8,377,564 15,585,904 27,658,474
246,427 3,685,177 1,461,579 4,015,685
669,547 8,687,263 118,285,067 207,924,067
124,771,022 209,336,742 235,089,040 175,857,020
6,999,406 6,096,727 8,246,547 22,942,850
- - - -
- - 82,465 229,428
6,999,406 6,096,727 8,164,082 22,713,422
662,763 641,995 581,047 590,331
1,492,006 9,054,201 12,682,144 20,504,565

7,244,606 10,332,731 19,020,812 26,745,817

4,734,531 8,161,423 12,669,163 18,016,523
2,510,075 2,171,308 6,351,649 8,729,294
- - 82,465 146,963
2,510,075 2,171,308 6,269,184 8,582,331
1,734,741 1,302,572 571,379 2,255,682
1,423,955 1,101,931 1,508,691 2,425,737
1,423,955 1,101,931 1,401,970 2,257,492
2,820,861 2,371,949 5,331,872 8,412,276
1,775,329 1,427,316 3,318,666 5,066,980

64,192,017 (69,615,225) 413,095 (9,272,112)

548,112,702 1,056,479,672 1,298,873,448 1,269,586,331

0.35 0.21 0.33 0.33

0.02 0.01 0.02 0.02
0.28 0.18 0.20 0.19
0.01 0.01 0.01 0.01
0.01 0.01 0.00 0.00
0.02 0.01 0.02 0.02
0.65 0.79 0.67 0.67
0.50 0.46 0.26 0.27
 0.16 0.09 0.08 0.08
0.82 0.85 2.45 1.00

0.04 0.05 0.04 0.07

0.89 0.85 0.60 0.38
0.05 0.02 0.02 0.05
0.19 0.21 0.15 0.14
0.95 0.97 0.96 0.94
0.26 0.12 0.14 0.34
0.06 0.03 0.02 0.05

0.00 0.00 0.00 0.00

0.00 0.00 0.01 0.01
0.00 0.00 0.00 0.00
- - 1.00 0.64
- - - -

0.05 0.03 0.04 0.06

85.63 135.04 76.98 48.24
4.21 6.75 3.42 2.53

36.16 -48.77 0.12 -1.83

Not available Not available Not available Not available

 (Thousand Rupees)
2015 2016 2017 2018
 4,017,853 4,028,638 4,163,512 4,299,280
3,856,160 3,856,160 3,856,160 3,856,160
- - - -
161,693 172,478 307,352 443,120
- (317) (360) (207)
6,805,513 6,330,332 10,530,226 4,678,312
6,211 113,122 51,396 19,711
1,409,814 829,231 813,775 555,448
5,223,318 5,144,438 9,432,088 3,784,570
166,170 243,541 232,967 318,583
10,823,366 10,358,653 14,693,378 8,977,385
4,233,157 3,526,232 3,643,762 3,458,819
127,674 59,615 126,818 175,211
3,741,212 4,010,103 7,651,694 2,467,799
- 791,562 946,689 934,342
2,589,396 1,851,745 2,198,204 1,823,132
- - - -
- - - -
2,589,396 1,851,745 2,198,204 1,823,132
61,442 47,719 27,769 10,364
70,485 71,677 98,442 107,718

418,598 435,908 564,584 641,307

337,824 349,864 399,760 372,542
80,774 86,044 164,824 268,765
- - - -
80,774 86,044 164,824 268,765
185,232 163,911 310,759 272,352
203,241 221,334 250,263 337,187
201,907 220,577 245,497 327,186
62,765 28,621 225,320 188,840
45,293 10,875 134,508 137,544

201,179 21,064 194,778 (257,299)

3,623,399 260,073 7,392,995 5,405,823

0.19 0.20 0.29 0.42

0.01 0.01 0.01 0.03
0.01 0.00 0.03 0.03
0.00 0.00 0.01 0.02
0.02 0.02 0.02 0.03
0.01 0.01 0.01 0.03
0.81 0.80 0.71 0.58
3.22 7.71 1.09 1.73
0.34 0.37 0.29 0.37
1.09 1.35 0.79 1.20
0.40 0.35 0.26 0.40
0.00 0.08 0.06 0.10
0.24 0.18 0.15 0.20
0.48 0.50 0.64 0.42
0.63 0.61 0.72 0.52
0.50 0.36 0.23 0.48
0.39 0.31 0.21 0.42

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
- - - -
- - - -

0.37 0.39 0.28 0.48

0.90 0.06 1.78 1.26
1.30 1.28 2.27 0.88

4.44 1.94 1.45 -1.87

DFIs - Overall
Items 2007 2008 2009
A.Total equity (A1 to A3) 34,570,070 46,902,253 48,920,410
1.Share capital 21,991,780 39,748,980 40,748,980
2.Reserves 10,619,579 11,124,218 6,764,011
3.Un appropriated profit 1,958,711 (3,970,945) 1,407,419
4.Others 2,948,916 (656,553) 5,409,974
B.Total liabilities (B1 to B4) 53,379,971 38,833,942 59,424,672
1.Bills payable 0 0 0
2.Borrowings from financial institutions 39,113,088 30,937,172 38,774,252
3.Deposits and other accounts 11,867,394 5,880,621 18,073,599
4.Other/misc. liabilities 2,399,489 2,016,149 2,576,821
C.Total assets (C1 to C4 + C8 to C10) 90,898,957 85,079,642 113,755,056
1.Cash and balances with treasury banks 582,562 650,959 1,665,533
2.Balances with other banks 9,187,229 10,252,671 6,545,275
3.Lending to financial institutions 17,648,189 8,056,730 10,576,282
4.Investments 35,485,410 36,071,855 58,551,142
5.Gross advances 24,631,058 27,407,033 35,183,101
6.Advances-non-performing/classified 2,149,654 4,816,698 6,695,174
7.Provisions against advances 1,885,835 3,698,407 5,753,542
8.Advances net of provisions (C5-C7) 22,745,223 23,708,626 29,429,559
9.Fixed assets 2,692,031 2,690,082 2,790,590
10.Other/misc. assets 2,558,313 3,648,719 4,196,675
D.Profit & loss account
1.Markup/interest earned 5,683,688 8,483,284 10,429,986
2.markup/interest expensed 4,224,696 4,855,654 5,768,136
3.Net markup/interest income 1,458,993 3,627,630 4,661,850
4.Provisions and write-offs 648,463 6,171,391 2,660,700
5.Net markup/interest income after provisions 810,529 (1,804,158) 1,489,660
6.Non-markup/interest income 3,666,464 7,621,120 1,458,885
7.Non-markup/interest expenses 1,030,265 3,308,278 1,417,421
8.Administrative expenses 934,573 1,196,516 1,363,810
9.Profit/(loss) before taxation 2,981,056 1,694,081 1,531,026
10.Profit/(loss) after taxation 2,525,835 1,195,447 2,147,069
E.Other items
1.No. of ordinary shares (000) 1,015,824 3,375,138 3,475,138
2.Cash dividend N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A
4.Cash generated from operating activities 6,191,623 5,682,965 9,897,449
5.Commitments and contigencies 12,487,600 13,761,913 15,386,918
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.26 0.43 0.45
2.Net markup/interest margin (D1-D2)/C 0.02 0.04 0.04
3.Return on equity (ROE) (D10/A) 0.07 0.03 0.04
4.Return on assets (ROA) (D10/C) 0.03 0.01 0.02
5.Non-markup/interest income to total assets (D6/C) 0.04 0.09 0.01
6.Net markup/interest income(after provisions) to total assets(D5/C) 0.01 -0.02 0.01
7.Markup/interest expenses to markup/interest income (D2/D1) 0.74 0.57 0.55
8.Admin. expenses to profit before tax. (D8/D9) (times) 0.31 0.71 0.89
9.Non-markup/interest expenses to total income D7/(D1+D6) 0.11 0.21 0.12
10.Admin. expenses to non-markup/interest income (D8/D6) (times) 0.25 0.16 0.93
11.Earning per share (D10/E1) 2.49 0.35 0.62
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.11 0.13 0.07
2.Investment to total assets (C4/C) 0.39 0.42 0.51
3.Advances net of provisions to total assets (C8/C) 0.25 0.28 0.26
4.Deposits to total assets (B3/C) 0.13 0.07 0.16
5.Total liabilities to total assets (B/C) 0.59 0.46 0.52
6.Gross advances to deposits (C5/B3) 2.08 4.66 1.95
7.Gross advances to borrowing & deposits C5/(B2+B3) 0.48 0.74 0.62
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.09 0.18 0.19
2.Provision against NPLs to gross advances (C7/C5) 0.08 0.13 0.16
3.NPLs to total equity (C6/A) 0.06 0.10 0.14
4.NPLs write off to NPLs provisions (D4/C7) 0.34 1.67 0.46
5.Provision against NPL to NPLs (C7/C6) 0.88 0.77 0.86
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.38 0.55 0.43
2.Commitments & contingencies to total equity (E5/A) (times) 0.36 0.29 0.31
3.Break up value per share (A/E1) 34.03 13.90 14.08
4.Total deposits to total equity (B3/A) (times) 0.34 0.13 0.37
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) 2.45 4.75 4.61

PAIR INVESTMENT CO. LTD. (FORMERLY PAK-IRAN JOINT VENTURE LTD.)

Items 2007 2008 2009
A.Total equity (A1 to A3) - 5,446,253 5,817,670
1.Share capital - 5,000,000 5,000,000
2.Reserves - 89,250 163,533
3.Un appropriated profit - 357,003 654,137
4.Others - (123,267) 475,848
B.Total liabilities (B1 to B4) - 492,480 1,991,936
1.Bills payable - 0 0
2.Borrowings from financial institutions - 459,657 1,857,327
3.Deposits and other accounts - 0 0
4.Other/misc. liabilities - 32,823 134,609
C.Total assets (C1 to C4 + C8 to C10) - 5,815,466 8,285,454
1.Cash and balances with treasury banks - 506,887 2,633
2.Balances with other banks - 1,816,376 1,309,451
3.Lending to financial institutions - 611,000 446,250
4.Investments - 2,440,498 5,326,675
5.Gross advances - 402,318 1,174,878
6.Advances-non-performing/classified - 75,000 443,011
7.Provisions against advances - 37,500 229,491
8.Advances net of provisions (C5-C7) - 364,818 945,387
9.Fixed assets - 21,478 26,071
10.Other/misc. assets - 54,409 228,987
D.Profit & loss account
1.Markup/interest earned - 527,054 809,863
2.markup/interest expensed - 31,898 124,744
3.Net markup/interest income - 495,156 685,119
4.Provisions and write-offs - (37,500) (255,745)
5.Net markup/interest income after provisions - 457,656 429,374
6.Non-markup/interest income - 94,762 163,699
7.Non-markup/interest expenses - 82,513 110,083
8.Administrative expenses - 73,115 97,529
9.Profit/(loss) before taxation - 469,905 482,990
10.Profit/(loss) after taxation - 318,146 371,417
E.Other items
1.No. of ordinary shares (000) - 500,000 500,000
2.Cash dividend - 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00
4.Cash generated from operating activities - 378,383 1,287,294
5.Commitments and contigencies - 486,955 2,284,428
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) - 0.94 0.85
2.Net markup/interest margin (D1-D2)/C - 0.09 0.08
3.Return on equity (ROE) (D10/A) - 0.06 0.06
4.Return on assets (ROA) (D10/C) - 0.05 0.04
5.Non-markup/interest income to total assets (D6/C) - 0.02 0.02
6.Net markup/interest income(after provisions) to total assets(D5/C) - 0.08 0.05
7.Markup/interest expenses to markup/interest income (D2/D1) - 0.06 0.15
8.Admin. expenses to profit before tax. (D8/D9) (times) - 0.16 0.20
9.Non-markup/interest expenses to total income D7/(D1+D6) - 0.13 0.11
10.Admin. expenses to non-markup/interest income (D8/D6) (times) - 0.77 0.60
11.Earning per share (D10/E1) - 0.64 0.74
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C - 0.40 0.16
2.Investment to total assets (C4/C) - 0.42 0.64
3.Advances net of provisions to total assets (C8/C) - 0.06 0.11
4.Deposits to total assets (B3/C) - 0.00 0.00
5.Total liabilities to total assets (B/C) - 0.08 0.24
6.Gross advances to deposits (C5/B3) - - -
7.Gross advances to borrowing & deposits C5/(B2+B3) - 0.88 0.63
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) - 0.19 0.38
2.Provision against NPLs to gross advances (C7/C5) - 0.09 0.20
3.NPLs to total equity (C6/A) - 0.01 0.08
4.NPLs write off to NPLs provisions (D4/C7) - -1.00 -1.11
5.Provision against NPL to NPLs (C7/C6) - 0.50 0.52
I.Capital /leverage ratios
1.Capital ratio (A/C) - 0.94 0.70
2.Commitments & contingencies to total equity (E5/A) (times) - 0.09 0.39
3.Break up value per share (A/E1) - 10.89 11.64
4.Total deposits to total equity (B3/A) (times) - 0.00 0.00
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) - 1.19 3.47

PAK BRUNEI INVESTMENT COMPANY LTD.

Items 2007 2008 2009
A.Total equity (A1 to A3) - 5,363,009 5,810,462
1.Share capital - 5,000,000 5,000,000
2.Reserves - 72,602 162,093
3.Un appropriated profit - 290,407 648,369
4.Others - (81,849) 495,517
B.Total liabilities (B1 to B4) - 247,733 5,825,000
1.Bills payable - 0 0
2.Borrowings from financial institutions - 186,154 5,296,808
3.Deposits and other accounts - 0 395,000
4.Other/misc. liabilities - 61,579 133,192
C.Total assets (C1 to C4 + C8 to C10) - 5,528,893 12,130,979
1.Cash and balances with treasury banks - 4,267 23,869
2.Balances with other banks - 14,870 191,915
3.Lending to financial institutions - 1,519,299 1,507,910
4.Investments - 2,687,585 8,415,996
5.Gross advances - 1,062,744 1,757,624
6.Advances-non-performing/classified - 0 0
7.Provisions against advances - 0 25,131
8.Advances net of provisions (C5-C7) - 1,062,744 1,732,493
9.Fixed assets - 44,334 37,614
10.Other/misc. assets - 195,794 221,182
D.Profit & loss account
1.Markup/interest earned - 672,254 971,221
2.markup/interest expensed - 131,801 207,450
3.Net markup/interest income - 540,453 763,771
4.Provisions and write-offs - 108,921 192,918
5.Net markup/interest income after provisions - 431,532 570,853
6.Non-markup/interest income - 85,608 254,064
7.Non-markup/interest expenses - 143,675 157,743
8.Administrative expenses - 118,675 132,343
9.Profit/(loss) before taxation - 373,465 667,174
10.Profit/(loss) after taxation - 222,266 447,453
E.Other items
1.No. of ordinary shares (000) - 500,000 500,000
2.Cash dividend - 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00
4.Cash generated from operating activities - (1,218,859) 5,487,232
5.Commitments and contigencies - 448,894 1,141,106
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) - 0.80 0.79
2.Net markup/interest margin (D1-D2)/C - 0.10 0.06
3.Return on equity (ROE) (D10/A) - 0.04 0.08
4.Return on assets (ROA) (D10/C) - 0.04 0.04
5.Non-markup/interest income to total assets (D6/C) - 0.02 0.02
6.Net markup/interest income(after provisions) to total assets(D5/C) - 0.08 0.05
7.Markup/interest expenses to markup/interest income (D2/D1) - 0.20 0.21
8.Admin. expenses to profit before tax. (D8/D9) (times) - 0.32 0.20
9.Non-markup/interest expenses to total income D7/(D1+D6) - 0.19 0.13
10.Admin. expenses to non-markup/interest income (D8/D6) (times) - 1.39 0.52
11.Earning per share (D10/E1) - 0.44 0.89
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C - 0.00 0.02
2.Investment to total assets (C4/C) - 0.49 0.69
3.Advances net of provisions to total assets (C8/C) - 0.19 0.14
4.Deposits to total assets (B3/C) - 0.00 0.03
5.Total liabilities to total assets (B/C) - 0.04 0.48
6.Gross advances to deposits (C5/B3) - - 4.45
7.Gross advances to borrowing & deposits C5/(B2+B3) - 5.71 0.31
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) - 0.00 0.00
2.Provision against NPLs to gross advances (C7/C5) - 0.00 0.01
3.NPLs to total equity (C6/A) - 0.00 0.00
4.NPLs write off to NPLs provisions (D4/C7) - - 7.68
5.Provision against NPL to NPLs (C7/C6) - - -
I.Capital /leverage ratios
1.Capital ratio (A/C) - 0.97 0.48
2.Commitments & contingencies to total equity (E5/A) (times) - 0.08 0.20
3.Break up value per share (A/E1) - 10.73 11.62
4.Total deposits to total equity (B3/A) (times) - 0.00 0.07
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) - -5.48 12.26

PAK CHINA INVESTMENT CO. LTD.

Items 2007 2008 2009
A.Total equity (A1 to A3) - 6,811,647 7,325,189
1.Share capital - 6,457,200 6,457,200
2.Reserves - 70,889 173,598
3.Un appropriated profit - 283,558 694,391
4.Others - (625) 2,526,213
B.Total liabilities (B1 to B4) - 757,178 1,089,244
1.Bills payable - 0 0
2.Borrowings from financial institutions - 726,754 975,685
3.Deposits and other accounts - 0 0
4.Other/misc. liabilities - 30,424 113,559
C.Total assets (C1 to C4 + C8 to C10) - 7,568,200 10,940,646
1.Cash and balances with treasury banks - 6,670 1,363,660
2.Balances with other banks - 3,772,069 9,148
3.Lending to financial institutions - 255,482 1,245,029
4.Investments - 1,430,241 3,158,326
5.Gross advances - 1,938,595 4,927,264
6.Advances-non-performing/classified - 0 0
7.Provisions against advances - 0 247,273
8.Advances net of provisions (C5-C7) - 1,938,595 4,679,991
9.Fixed assets - 28,115 187,828
10.Other/misc. assets - 137,028 296,664
D.Profit & loss account
1.Markup/interest earned - 530,032 1,050,697
2.markup/interest expensed - 6,215 36,435
3.Net markup/interest income - 523,817 1,014,262
4.Provisions and write-offs - 50,000 197,273
5.Net markup/interest income after provisions - 473,817 816,989
6.Non-markup/interest income - 17,395 138,830
7.Non-markup/interest expenses - 165,585 165,756
8.Administrative expenses - 71,067 165,706
9.Profit/(loss) before taxation - 325,627 790,065
10.Profit/(loss) after taxation - 211,658 513,542
E.Other items
1.No. of ordinary shares (000) - 645,720 645,720
2.Cash dividend - 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00
4.Cash generated from operating activities - (15,893) (3,029,800)
5.Commitments and contigencies - 1,078,614 1,753,996
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) - 0.99 0.97
2.Net markup/interest margin (D1-D2)/C - 0.07 0.09
3.Return on equity (ROE) (D10/A) - 0.03 0.07
4.Return on assets (ROA) (D10/C) - 0.03 0.05
5.Non-markup/interest income to total assets (D6/C) - 0.00 0.01
6.Net markup/interest income(after provisions) to total assets(D5/C) - 0.06 0.07
7.Markup/interest expenses to markup/interest income (D2/D1) - 0.01 0.03
8.Admin. expenses to profit before tax. (D8/D9) (times) - 0.22 0.21
9.Non-markup/interest expenses to total income D7/(D1+D6) - 0.30 0.14
10.Admin. expenses to non-markup/interest income (D8/D6) (times) - 4.09 1.19
11.Earning per share (D10/E1) - 0.33 0.80
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C - 0.50 0.13
2.Investment to total assets (C4/C) - 0.19 0.29
3.Advances net of provisions to total assets (C8/C) - 0.26 0.43
4.Deposits to total assets (B3/C) - 0.00 0.00
5.Total liabilities to total assets (B/C) - 0.10 0.10
6.Gross advances to deposits (C5/B3) - - -
7.Gross advances to borrowing & deposits C5/(B2+B3) - 2.67 5.05
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) - 0.00 0.00
2.Provision against NPLs to gross advances (C7/C5) - 0.00 0.05
3.NPLs to total equity (C6/A) - 0.00 0.00
4.NPLs write off to NPLs provisions (D4/C7) - - 0.80
5.Provision against NPL to NPLs (C7/C6) - - -
I.Capital /leverage ratios
1.Capital ratio (A/C) - 0.90 0.67
2.Commitments & contingencies to total equity (E5/A) (times) - 0.16 0.24
3.Break up value per share (A/E1) - 10.55 11.34
4.Total deposits to total equity (B3/A) (times) - 0.00 0.00
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) - -0.08 -5.90

PAK KUWAIT INVESTMENT CO. (PVT) LTD.

Items 2007 2008 2009
A.Total equity (A1 to A3) 12,950,596 8,368,527 8,884,894
1.Share capital 6,000,000 6,000,000 6,000,000
2.Reserves 5,791,271 6,447,712 2,884,894
3.Un appropriated profit 1,159,325 (4,079,185) 0
4.Others 41,164 (58,946) 175,691
B.Total liabilities (B1 to B4) 11,413,856 7,158,931 15,145,252
1.Bills payable 0 0 0
2.Borrowings from financial institutions 8,644,000 6,370,782 10,377,872
3.Deposits and other accounts 1,947,500 37,500 4,075,951
4.Other/misc. liabilities 822,356 750,649 691,429
C.Total assets (C1 to C4 + C8 to C10) 24,405,616 15,468,512 24,205,837
1.Cash and balances with treasury banks 24,849 17,179 92,512
2.Balances with other banks 5,349,009 2,759,358 1,797,223
3.Lending to financial institutions 6,591,584 500,000 800,000
4.Investments 8,074,324 8,436,921 17,091,939
5.Gross advances 4,418,660 4,269,116 5,003,098
6.Advances-non-performing/classified 338,539 1,278,058 1,693,697
7.Provisions against advances 338,539 910,181 1,395,656
8.Advances net of provisions (C5-C7) 4,080,121 3,358,935 3,607,442
9.Fixed assets 121,588 107,138 111,266
10.Other/misc. assets 164,141 288,981 705,455
D.Profit & loss account
1.Markup/interest earned 1,501,903 1,158,545 1,797,555
2.markup/interest expensed 894,330 551,191 1,189,263
3.Net markup/interest income 607,573 607,354 608,292
4.Provisions and write-offs 37,647 4,647,386 716,319
5.Net markup/interest income after provisions 569,926 (4,040,032) (108,027)
6.Non-markup/interest income 1,573,349 253,814 1,015,405
7.Non-markup/interest expenses 400,343 286,252 314,729
8.Administrative expenses 400,288 286,202 314,526
9.Profit/(loss) before taxation 1,742,932 (4,072,470) 592,649
10.Profit/(loss) after taxation 1,449,156 (4,102,069) 516,367
E.Other items
1.No. of ordinary shares (000) 240 240 240
2.Cash dividend 0.20 0.08% 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00
4.Cash generated from operating activities (1,147,603) 2,454,422 7,482,073
5.Commitments and contigencies 804,466 1,337,586 534,532
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.40 0.52 0.34
2.Net markup/interest margin (D1-D2)/C 0.02 0.04 0.03
3.Return on equity (ROE) (D10/A) 0.11 -0.49 0.06
4.Return on assets (ROA) (D10/C) 0.06 -0.27 0.02
5.Non-markup/interest income to total assets (D6/C) 0.06 0.02 0.04
6.Net markup/interest income(after provisions) to total assets(D5/C) 0.02 -0.26 0.00
7.Markup/interest expenses to markup/interest income (D2/D1) 0.60 0.48 0.66
8.Admin. expenses to profit before tax. (D8/D9) (times) 0.23 -0.07 0.53
9.Non-markup/interest expenses to total income D7/(D1+D6) 0.13 0.20 0.11
10.Admin. expenses to non-markup/interest income (D8/D6) (times) 0.25 1.13 0.31
11.Earning per share (D10/E1) 6038.15 -17091.95 2151.53
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.22 0.18 0.08
2.Investment to total assets (C4/C) 0.33 0.55 0.71
3.Advances net of provisions to total assets (C8/C) 0.17 0.22 0.15
4.Deposits to total assets (B3/C) 0.08 0.00 0.17
5.Total liabilities to total assets (B/C) 0.47 0.46 0.63
6.Gross advances to deposits (C5/B3) 2.27 113.84 1.23
7.Gross advances to borrowing & deposits C5/(B2+B3) 0.42 0.67 0.35
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.08 0.30 0.34
2.Provision against NPLs to gross advances (C7/C5) 0.08 0.21 0.28
3.NPLs to total equity (C6/A) 0.03 0.15 0.19
4.NPLs write off to NPLs provisions (D4/C7) 0.11 5.11 0.51
5.Provision against NPL to NPLs (C7/C6) 1.00 0.71 0.82
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.53 0.54 0.37
2.Commitments & contingencies to total equity (E5/A) (times) 0.06 0.16 0.06
3.Break up value per share (A/E1) 53960.82 34868.86 37020.39
4.Total deposits to total equity (B3/A) (times) 0.15 0.00 0.46
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) -0.79 -0.60 14.49

PAK LIBYA HOLDING COMPANY LTD.

Items 2007 2008 2009
A.Total equity (A1 to A3) 7,140,682 7,253,062 6,524,955
1.Share capital 5,841,780 6,141,780 6,141,780
2.Reserves 898,113 1,020,589 444,589
3.Un appropriated profit 400,789 90,693 (61,414)
4.Others (72,237) (1,600,269) (207,905)
B.Total liabilities (B1 to B4) 12,562,532 6,519,558 10,099,231
1.Bills payable 0 0 0
2.Borrowings from financial institutions 8,750,370 4,858,821 3,210,806
3.Deposits and other accounts 3,525,000 1,400,000 6,404,711
4.Other/misc. liabilities 287,162 260,737 483,714
C.Total assets (C1 to C4 + C8 to C10) 19,630,977 12,172,351 16,416,281
1.Cash and balances with treasury banks 21,954 42,624 64,312
2.Balances with other banks 226,459 78,821 108,980
3.Lending to financial institutions 5,355,534 698,769 1,646,286
4.Investments 8,450,866 5,477,558 6,379,873
5.Gross advances 5,233,732 5,483,847 8,285,178
6.Advances-non-performing/classified 323,641 529,012 1,012,965
7.Provisions against advances 146,018 545,064 944,570
8.Advances net of provisions (C5-C7) 5,087,714 4,938,783 7,340,608
9.Fixed assets 63,776 52,281 82,960
10.Other/misc. assets 424,674 883,515 793,262
D.Profit & loss account
1.Markup/interest earned 1,264,849 1,610,370 1,611,086
2.markup/interest expensed 961,746 1,105,089 1,145,347
3.Net markup/interest income 303,103 505,281 465,739
4.Provisions and write-offs 58,534 505,969 508,620
5.Net markup/interest income after provisions 244,569 (688) (42,881)
6.Non-markup/interest income 458,539 281,258 (484,130)
7.Non-markup/interest expenses 175,508 218,224 226,215
8.Administrative expenses 167,691 207,605 222,880
9.Profit/(loss) before taxation 527,600 62,346 (753,226)
10.Profit/(loss) after taxation 499,021 112,380 (728,107)
E.Other items
1.No. of ordinary shares (000) 584 614,178 614,178
2.Cash dividend 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.51% 0.00 0.00
4.Cash generated from operating activities 2,351,039 (1,787,539) (572,247)
5.Commitments and contigencies 2,502,846 2,592,189 2,267,235
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.24 0.31 0.29
2.Net markup/interest margin (D1-D2)/C 0.02 0.04 0.03
3.Return on equity (ROE) (D10/A) 0.07 0.02 -0.11
4.Return on assets (ROA) (D10/C) 0.03 0.01 -0.04
5.Non-markup/interest income to total assets (D6/C) 0.02 0.02 -0.03
6.Net markup/interest income(after provisions) to total assets(D5/C) 0.01 0.00 0.00
7.Markup/interest expenses to markup/interest income (D2/D1) 0.76 0.69 0.71
8.Admin. expenses to profit before tax. (D8/D9) (times) 0.32 3.33 -0.30
9.Non-markup/interest expenses to total income D7/(D1+D6) 0.10 0.12 0.20
10.Admin. expenses to non-markup/interest income (D8/D6) (times) 0.37 0.74 -0.46
11.Earning per share (D10/E1) 854.23 0.18 -1.19
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.01 0.01 0.01
2.Investment to total assets (C4/C) 0.43 0.45 0.39
3.Advances net of provisions to total assets (C8/C) 0.26 0.41 0.45
4.Deposits to total assets (B3/C) 0.18 0.12 0.39
5.Total liabilities to total assets (B/C) 0.64 0.54 0.62
6.Gross advances to deposits (C5/B3) 1.48 3.92 1.29
7.Gross advances to borrowing & deposits C5/(B2+B3) 0.43 0.88 0.86
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.06 0.10 0.12
2.Provision against NPLs to gross advances (C7/C5) 0.03 0.10 0.11
3.NPLs to total equity (C6/A) 0.05 0.07 0.16
4.NPLs write off to NPLs provisions (D4/C7) 0.40 0.93 0.54
5.Provision against NPL to NPLs (C7/C6) 0.45 1.03 0.93
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.36 0.60 0.40
2.Commitments & contingencies to total equity (E5/A) (times) 0.35 0.36 0.35
3.Break up value per share (A/E1) 12223.47 11.81 10.62
4.Total deposits to total equity (B3/A) (times) 0.49 0.19 0.98
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) 4.71 -15.91 0.79

PAK OMAN INVESTMENT COMPANY LTD.

Items 2007 2008 2009
A.Total equity (A1 to A3) 7,473,460 7,172,413 6,564,920
1.Share capital 6,150,000 6,150,000 6,150,000
2.Reserves 924,863 1,017,251 414,920
3.Un appropriated profit 398,597 5,162 0
4.Others (112,803) (899,590) (142,019)
B.Total liabilities (B1 to B4) 14,480,188 11,119,791 14,141,838
1.Bills payable 0 0 0
2.Borrowings from financial institutions 11,776,222 7,491,561 8,895,096
3.Deposits and other accounts 2,168,358 3,023,121 4,562,089
4.Other/misc. liabilities 535,608 605,109 684,653
C.Total assets (C1 to C4 + C8 to C10) 21,840,845 17,392,614 20,564,739
1.Cash and balances with treasury banks 25,042 48,548 73,968
2.Balances with other banks 1,641,977 508,560 590,362
3.Lending to financial institutions 3,706,071 3,137,180 2,846,936
4.Investments 9,052,600 6,996,478 10,775,046
5.Gross advances 6,964,645 6,074,145 6,440,129
6.Advances-non-performing/classified 156,865 333,971 926,015
7.Provisions against advances 132,888 333,971 926,015
8.Advances net of provisions (C5-C7) 6,831,757 5,740,174 5,514,114
9.Fixed assets 73,887 67,109 62,538
10.Other/misc. assets 509,511 894,565 701,775
D.Profit & loss account
1.Markup/interest earned 1,616,934 2,038,155 2,319,194
2.markup/interest expensed 1,063,943 1,318,404 1,636,815
3.Net markup/interest income 552,991 719,751 682,379
4.Provisions and write-offs 87,319 253,496 729,674
5.Net markup/interest income after provisions 465,672 466,255 (47,295)
6.Non-markup/interest income 957,144 (62,050) (359,896)
7.Non-markup/interest expenses 281,068 277,645 246,628
8.Administrative expenses 193,505 255,846 234,559
9.Profit/(loss) before taxation 676,076 126,560 (653,819)
10.Profit/(loss) after taxation 523,305 6,453 607,493
E.Other items
1.No. of ordinary shares (000) 615,000 615,000 615,000
2.Cash dividend 0.19% 0.00 0.00
3.Stock dividend/bonus shares 0.19% 0.00 0.00
4.Cash generated from operating activities 3,033,513 363,978 52,313
5.Commitments and contigencies 2,622,906 1,440,147 1,134,953
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.34 0.35 0.29
2.Net markup/interest margin (D1-D2)/C 0.03 0.04 0.03
3.Return on equity (ROE) (D10/A) 0.07 0.00 0.09
4.Return on assets (ROA) (D10/C) 0.02 0.00 0.03
5.Non-markup/interest income to total assets (D6/C) 0.04 0.00 -0.02
6.Net markup/interest income(after provisions) to total assets(D5/C) 0.02 0.03 0.00
7.Markup/interest expenses to markup/interest income (D2/D1) 0.66 0.65 0.71
8.Admin. expenses to profit before tax. (D8/D9) (times) 0.29 2.02 -0.36
9.Non-markup/interest expenses to total income D7/(D1+D6) 0.11 0.14 0.13
10.Admin. expenses to non-markup/interest income (D8/D6) (times) 0.20 -4.12 -0.65
11.Earning per share (D10/E1) 0.85 0.01 0.99
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.08 0.03 0.03
2.Investment to total assets (C4/C) 0.41 0.40 0.52
3.Advances net of provisions to total assets (C8/C) 0.31 0.33 0.27
4.Deposits to total assets (B3/C) 0.10 0.17 0.22
5.Total liabilities to total assets (B/C) 0.66 0.64 0.69
6.Gross advances to deposits (C5/B3) 3.21 2.01 1.41
7.Gross advances to borrowing & deposits C5/(B2+B3) 0.50 0.58 0.48
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.06 0.14
2.Provision against NPLs to gross advances (C7/C5) 0.02 0.06 0.14
3.NPLs to total equity (C6/A) 0.02 0.05 0.14
4.NPLs write off to NPLs provisions (D4/C7) 0.66 0.76 0.79
5.Provision against NPL to NPLs (C7/C6) 0.85 1.00 1.00
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.34 0.41 0.32
2.Commitments & contingencies to total equity (E5/A) (times) 0.35 0.20 0.17
3.Break up value per share (A/E1) 12.15 11.66 10.67
4.Total deposits to total equity (B3/A) (times) 0.29 0.42 0.69
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) 5.80 56.40 0.09
SAUDI PAK INDUSTRIAL & AGRI. INV CO. (PVT) LTD.
Items 2007 2008 2009
A.Total equity (A1 to A3) 7,005,332 6,487,342 7,992,320
1.Share capital 4,000,000 5,000,000 6,000,000
2.Reserves 3,005,332 2,405,925 2,520,384
3.Un appropriated profit 0 (918,583) (528,064)
4.Others 3,092,792 2,107,993 2,086,629
B.Total liabilities (B1 to B4) 14,923,395 12,538,271 11,132,171
1.Bills payable 0 0 0
2.Borrowings from financial institutions 9,942,496 10,843,443 8,160,658
3.Deposits and other accounts 4,226,536 1,420,000 2,635,848
4.Other/misc. liabilities 754,363 274,828 335,665
C.Total assets (C1 to C4 + C8 to C10) 25,021,519 21,133,606 21,211,120
1.Cash and balances with treasury banks 510,717 24,784 44,579
2.Balances with other banks 1,969,784 1,302,617 2,538,196
3.Lending to financial institutions 1,995,000 1,335,000 2,083,871
4.Investments 9,907,620 8,602,574 7,403,287
5.Gross advances 8,014,021 8,176,268 7,594,930
6.Advances-non-performing/classified 1,330,609 2,600,657 2,619,486
7.Provisions against advances 1,268,390 1,871,691 1,985,406
8.Advances net of provisions (C5-C7) 6,745,631 6,304,577 5,609,524
9.Fixed assets 2,432,780 2,369,627 2,282,313
10.Other/misc. assets 1,459,987 1,194,427 1,249,350
D.Profit & loss account
1.Markup/interest earned 1,300,002 1,946,874 1,870,370
2.markup/interest expensed 1,304,677 1,711,056 1,428,082
3.Net markup/interest income (4,674) 235,818 442,288
4.Provisions and write-offs 464,963 643,119 571,641
5.Net markup/interest income after provisions (469,638) 407,302 (129,353)
6.Non-markup/interest income 677,432 6,950,333 730,913
7.Non-markup/interest expenses 173,346 2,134,384 196,267
8.Administrative expenses 173,089 184,006 196,267
9.Profit/(loss) before taxation 34,448 4,408,648 405,193
10.Profit/(loss) after taxation 54,353 4,426,613 418,904
E.Other items
1.No. of ordinary shares (000) 400,000 500,000 600,000
2.Cash dividend 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00
4.Cash generated from operating activities 1,954,674 5,508,473 (809,416)
5.Commitments and contigencies 6,557,382 6,377,528 6,270,668
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.00 0.12 0.24
2.Net markup/interest margin (D1-D2)/C 0.00 0.01 0.02
3.Return on equity (ROE) (D10/A) 0.01 0.68 0.05
4.Return on assets (ROA) (D10/C) 0.00 0.21 0.02
5.Non-markup/interest income to total assets (D6/C) 0.03 0.33 0.03
6.Net markup/interest income(after provisions) to total assets(D5/C) -0.02 0.02 -0.01
7.Markup/interest expenses to markup/interest income (D2/D1) 1.00 0.88 0.76
8.Admin. expenses to profit before tax. (D8/D9) (times) 5.02 0.04 0.48
9.Non-markup/interest expenses to total income D7/(D1+D6) 0.09 0.24 0.08
10.Admin. expenses to non-markup/interest income (D8/D6) (times) 0.26 0.03 0.27
11.Earning per share (D10/E1) 0.14 8.85 0.70
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.10 0.06 0.12
2.Investment to total assets (C4/C) 0.40 0.41 0.35
3.Advances net of provisions to total assets (C8/C) 0.27 0.30 0.26
4.Deposits to total assets (B3/C) 0.17 0.07 0.12
5.Total liabilities to total assets (B/C) 0.60 0.59 0.52
6.Gross advances to deposits (C5/B3) 1.90 5.76 2.88
7.Gross advances to borrowing & deposits C5/(B2+B3) 0.57 0.67 0.70
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.17 0.32 0.34
2.Provision against NPLs to gross advances (C7/C5) 0.16 0.23 0.26
3.NPLs to total equity (C6/A) 0.19 0.40 0.33
4.NPLs write off to NPLs provisions (D4/C7) 0.37 0.34 0.29
5.Provision against NPL to NPLs (C7/C6) 0.95 0.72 0.76
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.28 0.31 0.38
2.Commitments & contingencies to total equity (E5/A) (times) 0.94 0.98 0.78
3.Break up value per share (A/E1) 17.51 12.97 13.32
4.Total deposits to total equity (B3/A) (times) 0.60 0.22 0.33
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) 35.96 1.24 -1.93
 (Thousand Rupees)
2010 2011 2012 2013 2014 2015 2016 2017
55,379,067 58,946,722 59,056,803 62,694,853 68,518,176 72,981,311 79,377,242 82,151,166
42,748,980 45,408,180 45,408,180 45,408,180 45,408,180 46,008,180 46,008,180 46,008,180
6,764,483 6,703,489 6,035,141 6,940,678 9,087,130 10,393,506 12,351,924 13,402,875
5,865,604 6,835,053 7,613,482 10,345,995 14,022,866 16,579,625 21,017,138 22,740,111
3,644,111 652,903 1,843,944 2,014,435 3,732,239 3,932,799 4,923,231 1,920,068
60,024,391 70,948,010 65,453,549 69,348,797 82,109,402 91,766,432 103,181,790 123,032,839
0 0 0 0 0 0 0 0
39,953,645 54,574,307 47,773,439 56,652,283 63,207,412 75,277,200 87,161,808 100,537,356
17,059,825 12,932,378 14,154,064 9,520,112 15,001,673 12,042,790 10,934,356 17,115,314
3,010,921 3,441,325 3,526,046 3,176,402 3,900,317 4,446,442 5,085,626 5,380,169
119,047,569 130,547,635 126,354,296 134,058,085 154,359,817 168,680,542 187,482,263 207,104,073
1,680,678 2,283,859 455,051 366,438 479,219 553,237 2,672,737 503,909
2,888,128 1,075,003 3,410,504 2,836,277 3,363,892 5,133,257 7,332,725 4,570,597
7,718,006 2,904,651 2,052,152 8,349,074 1,542,177 862,824 8,004,689 11,905,923
60,243,944 76,683,192 74,363,379 76,662,780 101,119,743 107,504,887 102,805,166 114,903,105
44,215,053 45,907,661 47,089,675 46,555,682 46,794,241 53,274,895 63,641,825 72,641,814
6,903,217 8,269,274 10,825,842 10,827,486 10,459,009 10,983,921 9,201,132 8,960,924
6,653,026 7,596,199 9,600,693 9,955,243 8,587,681 8,800,260 7,830,579 7,315,024
37,562,027 38,311,462 37,488,982 36,600,439 38,206,560 44,474,635 55,811,246 65,326,790
3,126,353 2,999,119 3,360,079 3,262,654 3,047,244 3,484,637 3,379,689 3,269,436
5,828,433 6,290,349 5,224,149 5,980,423 6,600,982 6,667,065 7,476,011 6,624,313

11,726,433 12,716,418 12,618,071 9,024,920 11,259,232 11,475,539 9,654,115 11,073,343

6,694,582 7,152,710 7,491,718 4,887,636 6,413,521 5,927,632 4,957,387 6,408,005
5,031,851 5,563,708 5,126,353 4,137,284 4,845,711 5,547,907 4,696,728 4,665,338
987,572 1,772,164 3,912,500 616,770 207,702 974,094 (1,275,596) 244,984
4,143,390 3,791,544 1,213,853 3,520,514 4,638,009 4,573,813 5,972,324 4,420,354
2,086,005 2,450,918 3,914,138 4,954,518 5,045,133 5,811,601 7,183,608 4,834,346
1,976,521 3,250,598 2,691,000 2,367,857 2,532,510 2,719,087 2,955,419 2,973,287
1,916,080 2,039,623 2,135,305 2,418,714 2,545,547 2,637,898 2,830,815 2,817,358
4,230,979 2,991,863 2,391,708 6,402,025 7,742,348 8,083,446 10,200,512 6,291,154
2,718,940 972,305 803,028 5,522,694 6,262,914 5,616,381 7,605,469 4,332,842

3,675,138 3,941,058 3,327,494 3,327,494 3,941,058 4,001,058 4,001,058 4,001,058

N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A
(1,328,783) 4,887,501 6,804,449 (4,611,159) 20,844,127 5,249,013 1,122,193 (11,326,457)
18,321,532 34,232,419 14,613,432 38,882,978 33,921,165 16,681,086 26,757,040 20,815,248

0.43 0.44 0.41 0.46 0.43 0.48 0.49 0.42

0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.02
0.05 0.02 0.01 0.09 0.09 0.08 0.10 0.05
0.02 0.01 0.01 0.04 0.04 0.03 0.04 0.02
0.02 0.02 0.03 0.04 0.03 0.03 0.04 0.02
0.03 0.03 0.01 0.03 0.03 0.03 0.03 0.02
 0.57 0.56 0.59 0.54 0.57 0.52 0.51 0.58
0.45 0.68 0.89 0.38 0.33 0.33 0.28 0.45
0.14 0.21 0.16 0.17 0.16 0.16 0.18 0.19
0.92 0.83 0.55 0.49 0.50 0.45 0.39 0.58
0.74 0.25 0.24 1.66 1.59 1.40 1.90 1.08

0.04 0.03 0.03 0.02 0.02 0.03 0.05 0.02

0.51 0.59 0.59 0.57 0.66 0.64 0.55 0.55
0.32 0.29 0.30 0.27 0.25 0.26 0.30 0.32
0.14 0.10 0.11 0.07 0.10 0.07 0.06 0.08
0.50 0.54 0.52 0.52 0.53 0.54 0.55 0.59
2.59 3.55 3.33 4.89 3.12 4.42 5.82 4.24
0.78 0.68 0.76 0.70 0.60 0.61 0.65 0.62

0.16 0.18 0.23 0.23 0.22 0.21 0.14 0.12

0.15 0.17 0.20 0.21 0.18 0.17 0.12 0.10
0.12 0.14 0.18 0.17 0.15 0.15 0.12 0.11
0.15 0.23 0.41 0.06 0.02 0.11 -0.16 0.03
0.96 0.92 0.89 0.92 0.82 0.80 0.85 0.82

0.47 0.45 0.47 0.47 0.44 0.43 0.42 0.40

0.33 0.58 0.25 0.62 0.50 0.23 0.34 0.25
15.07 14.96 17.75 18.84 17.39 18.24 19.84 20.53
0.31 0.22 0.24 0.15 0.22 0.17 0.14 0.21

-0.49 5.03 8.47 -0.83 3.33 0.93 0.15 -2.61

(Thousand Rupees)
2010 2011 2012 2013 2014 2015 2016 2017
7,396,027 7,636,742 8,026,943 8,264,839 8,617,541 9,063,615 9,366,881 9,292,618
6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000
279,204 327,714 415,746 483,592 553,966 673,449 794,107 840,066
1,116,823 1,309,028 1,611,197 1,781,247 2,063,575 2,390,166 2,572,774 2,452,552
38,418 92,121 170,767 175,891 176,037 129,863 83,078 (37,286)
3,036,164 4,117,244 7,539,704 8,840,956 9,950,638 14,027,799 9,148,512 8,430,333
0 0 0 0 0 0 0 0
2,863,481 3,695,484 6,721,178 8,489,171 9,221,225 11,652,435 6,549,981 6,370,738
0 260,000 545,080 25,080 386,060 1,890,502 2,079,728 1,814,001
172,683 161,760 273,446 326,705 343,353 484,862 518,803 245,594
10,470,609 11,846,107 15,737,414 17,281,686 18,744,216 23,221,277 18,598,471 17,685,665
10,552 9,143 43,999 27,829 33,303 46,114 64,205 37,870
352,808 20,675 106,586 158,417 261,059 215,426 432,783 91,727
600,000 0 0 0 0 0 0 970,000
7,160,982 8,974,337 10,841,572 12,745,355 14,114,870 18,807,372 11,842,973 11,044,299
2,178,571 2,592,810 4,530,491 4,224,263 4,463,459 4,410,476 6,282,232 5,507,178
75,141 393,141 741,447 889,443 1,330,507 1,300,078 1,168,338 958,250
75,141 117,654 205,154 546,057 871,281 907,528 857,881 854,246
2,103,430 2,475,156 4,325,337 3,678,206 3,592,178 3,502,948 5,424,351 4,652,932
44,762 48,060 56,047 196,201 210,352 191,311 176,982 198,003
198,075 318,736 363,873 475,678 532,454 458,106 657,177 690,834

1,030,191 1,323,067 1,487,341 1,153,996 1,233,407 1,509,674 1,243,694 1,045,117

193,494 402,712 678,102 488,889 508,046 627,125 533,274 387,358
836,697 920,355 809,239 665,107 725,361 882,549 710,420 657,759
79,955 324,136 106,953 274,562 350,559 16,949 (415,856) 66,591
916,652 596,219 702,286 390,545 374,802 865,600 1,126,276 591,168
171,171 58,340 172,091 286,419 372,345 359,760 53,242 128,510
209,239 167,757 238,798 220,483 283,150 302,029 318,427 351,464
191,647 150,135 224,193 272,175 285,046 302,183 318,148 296,323
878,584 486,802 635,579 456,481 463,997 923,331 861,091 368,214
578,357 242,549 440,162 339,230 351,869 597,414 603,291 229,795

600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
448,811 1,708,563 1,963,372 (3,888,232) 1,601,343 4,181,808 (725,103) (213,566)
3,095,251 3,679,976 8,074,015 8,124,423 8,618,704 517,936 222,392 148,810

0.81 0.70 0.54 0.58 0.59 0.58 0.57 0.63

0.08 0.08 0.05 0.04 0.04 0.04 0.04 0.04
0.08 0.03 0.05 0.04 0.04 0.07 0.06 0.02
0.06 0.02 0.03 0.02 0.02 0.03 0.03 0.01
0.02 0.00 0.01 0.02 0.02 0.02 0.00 0.01
0.09 0.05 0.04 0.02 0.02 0.04 0.06 0.03
0.19 0.30 0.46 0.42 0.41 0.42 0.43 0.37
0.22 0.31 0.35 0.60 0.61 0.33 0.37 0.80
0.17 0.12 0.14 0.15 0.18 0.16 0.25 0.30
1.12 2.57 1.30 0.95 0.77 0.84 5.98 2.31
0.96 0.40 0.73 0.57 0.59 1.00 1.01 0.38

0.03 0.00 0.01 0.01 0.02 0.01 0.03 0.01

0.68 0.76 0.69 0.74 0.75 0.81 0.64 0.62
0.20 0.21 0.27 0.21 0.19 0.15 0.29 0.26
0.00 0.02 0.03 0.00 0.02 0.08 0.11 0.10
0.29 0.35 0.48 0.51 0.53 0.60 0.49 0.48
- 9.97 8.31 168.43 11.56 2.33 3.02 3.04
0.76 0.66 0.62 0.50 0.46 0.33 0.73 0.67

0.03 0.15 0.16 0.21 0.30 0.29 0.19 0.17

0.03 0.05 0.05 0.13 0.20 0.21 0.14 0.16
0.01 0.05 0.09 0.11 0.15 0.14 0.12 0.10
1.06 2.76 0.52 0.50 0.40 0.02 -0.48 0.08
1.00 0.30 0.28 0.61 0.65 0.70 0.73 0.89
 0.71 0.64 0.51 0.48 0.46 0.39 0.50 0.53
0.42 0.48 1.01 0.98 1.00 0.06 0.02 0.02
12.33 12.73 13.38 13.77 14.36 15.11 15.61 15.49
0.00 0.03 0.07 0.00 0.04 0.21 0.22 0.20

0.78 7.04 4.46 -11.46 4.55 7.00 -1.20 -0.93

(Thousand Rupees)
2010 2011 2012 2013 2014 2015 2016 2017
7,391,552 7,996,016 8,578,415 8,265,411 9,052,895 9,781,586 10,490,617 10,657,968
6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000
278,311 399,204 555,884 697,026 878,000 1,065,388 1,257,721 1,351,812
1,113,241 1,596,812 2,022,531 1,568,385 2,174,895 2,716,198 3,232,896 3,306,156
(48,993) (68,113) 1,118 (38,746) 150,679 (40,121) (62,060) (201,744)
7,026,052 24,617,113 5,466,904 27,268,667 23,795,533 19,470,183 23,962,040 19,413,049
0 0 0 0 0 0 0 0
5,943,385 23,359,531 2,417,139 26,391,995 18,089,905 14,543,592 20,492,898 13,976,083
844,000 979,018 2,824,924 567,070 5,164,230 4,218,289 2,913,487 4,751,164
238,667 278,564 224,841 309,602 541,398 708,302 555,655 685,802
14,368,611 32,545,016 14,046,437 35,495,332 32,999,107 29,211,648 34,390,597 29,869,273
30,803 174,790 54,763 96,317 123,153 102,304 322,004 137,609
129,969 562,085 317,222 235,581 173,645 487,887 1,936,970 74,549
1,222,727 627,841 0 0 0 0 498,065 2,420,909
9,868,363 25,742,364 7,100,816 27,416,962 24,192,538 16,765,721 16,657,665 7,678,634
2,475,172 4,667,373 5,782,035 6,804,887 7,396,146 10,400,053 14,232,032 19,056,899
6,736 2,992 2,638 2,537 2,537 311,707 451,407 953,997
7,529 20,712 2,638 2,868 2,864 156,373 236,090 289,074
2,467,643 4,646,661 5,779,397 6,802,019 7,393,282 10,243,680 13,995,942 18,767,825
21,013 34,067 60,329 54,142 37,204 49,584 25,160 19,732
628,093 757,208 733,910 890,311 1,079,285 1,562,472 954,791 770,015

1,698,132 2,397,223 2,930,250 1,407,274 2,507,431 1,837,519 1,590,722 1,461,566

777,987 1,469,277 2,044,815 969,079 2,035,772 1,278,615 1,083,660 908,144
920,145 927,946 885,435 438,195 471,659 558,904 507,062 553,422
81,344 86,874 (4,019) 8,021 (3,665) 179,179 97,111 178,164
838,801 841,072 889,454 430,174 475,324 379,725 409,951 375,258
211,963 283,965 429,092 444,160 472,643 778,424 1,236,657 588,456
169,106 204,908 216,918 256,300 340,781 309,956 314,084 292,798
165,145 204,669 212,181 256,300 340,661 309,956 293,714 278,554
881,658 920,129 1,080,944 903,667 1,198,902 1,265,313 1,332,524 670,916
581,090 604,464 782,399 686,996 988,850 929,829 961,658 470,456

600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000

0.00 0.00 0.00 0.00 0.00 1980.00 3000.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,076,382 9,066,170 (11,776,654) 20,970,581 (3,973,693) (7,172,070) 1,551,225 (10,018,115)
6,331,452 21,546,987 868,306 21,330,299 18,156,495 9,921,611 16,071,984 7,602,654
 0.54 0.39 0.30 0.31 0.19 0.30 0.32 0.38
0.06 0.03 0.06 0.01 0.01 0.02 0.01 0.02
0.08 0.08 0.09 0.08 0.11 0.10 0.09 0.04
0.04 0.02 0.06 0.02 0.03 0.03 0.03 0.02
0.01 0.01 0.03 0.01 0.01 0.03 0.04 0.02
0.06 0.03 0.06 0.01 0.01 0.01 0.01 0.01
0.46 0.61 0.70 0.69 0.81 0.70 0.68 0.62
0.19 0.22 0.20 0.28 0.28 0.24 0.22 0.42
0.09 0.08 0.06 0.14 0.11 0.12 0.11 0.14
0.78 0.72 0.49 0.58 0.72 0.40 0.24 0.47
0.97 1.01 1.30 1.14 1.65 1.55 1.60 0.78

0.01 0.02 0.03 0.01 0.01 0.02 0.07 0.01

0.69 0.79 0.51 0.77 0.73 0.57 0.48 0.26
0.17 0.14 0.41 0.19 0.22 0.35 0.41 0.63
0.06 0.03 0.20 0.02 0.16 0.14 0.08 0.16
0.49 0.76 0.39 0.77 0.72 0.67 0.70 0.65
2.93 4.77 2.05 12.00 1.43 2.47 4.88 4.01
0.36 0.19 1.10 0.25 0.32 0.55 0.61 1.02

0.00 0.00 0.00 0.00 0.00 0.03 0.03 0.05

0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.02
0.00 0.00 0.00 0.00 0.00 0.03 0.04 0.09
10.80 4.19 -1.52 2.80 -1.28 1.15 0.41 0.62
1.12 6.92 1.00 1.13 1.13 0.50 0.52 0.30

0.51 0.25 0.61 0.23 0.27 0.33 0.31 0.36

0.86 2.69 0.10 2.58 2.01 1.01 1.53 0.71
12.32 13.33 14.30 13.78 15.09 16.30 17.48 17.76
0.11 0.12 0.33 0.07 0.57 0.43 0.28 0.45

1.85 15.00 -15.05 30.53 -4.02 -7.71 1.61 -21.29

(Thousand Rupees)
2010 2011 2012 2013 2014 2015 2016 2017
7,885,555 11,058,455 11,729,364 12,290,172 12,761,949 13,385,443 14,000,932 14,668,324
6,457,200 9,116,400 9,116,400 9,116,400 9,116,400 9,116,400 9,116,400 9,116,400
285,671 388,411 523,051 635,213 729,568 854,267 977,365 1,110,843
1,142,684 1,553,644 2,089,913 2,538,559 2,915,981 3,414,776 3,907,167 4,441,081
2,591,648 766 36,300 22,778 185,913 175,763 125,152 246
1,156,757 119,094 4,207,176 417,559 7,059,711 6,988,210 8,392,156 9,752,396
0 0 0 0 0 0 0 0
1,132,259 106,874 4,139,032 326,090 6,741,689 6,903,226 8,196,455 9,576,860
0 0 0 0 250,000 0 0 0
24,498 12,220 68,144 91,469 68,022 84,984 195,701 175,536
11,633,960 11,178,315 15,972,840 12,730,509 20,007,573 20,549,416 22,518,240 24,420,966
1,399,836 1,491,717 92,588 41,540 51,867 116,865 2,080,940 26,530
8,736 23,227 1,686,035 1,883,525 1,882,251 2,033,472 3,086,523 2,168,945
1,264,140 583,954 934,033 559,025 0 0 2,647,918 0
3,099,787 4,077,544 8,020,871 4,283,208 11,288,944 12,091,247 7,734,253 13,848,109
5,557,525 4,901,692 5,072,065 5,848,689 6,554,094 6,353,733 6,545,526 8,373,636
0 377,756 682,500 682,500 762,499 652,789 383,164 313,164
248,632 464,032 481,977 519,684 597,190 645,999 505,706 473,644
5,308,893 4,437,660 4,590,088 5,329,005 5,956,904 5,707,734 6,039,820 7,899,992
180,566 176,177 219,539 218,912 199,423 183,466 177,302 174,362
372,002 388,036 429,686 415,294 628,184 416,632 751,484 303,028

1,252,143 1,312,686 1,308,463 1,035,329 1,331,381 1,550,371 990,161 1,622,936

283,899 47,666 98,391 101,875 219,807 406,220 293,493 669,157
968,244 1,265,020 1,210,072 933,454 1,111,574 1,144,151 696,668 953,779
41,361 175,398 173,469 124,520 150,353 121,791 (68,488) (70,749)
866,084 943,092 1,036,603 808,934 961,221 1,022,360 765,156 1,024,528
176,223 133,437 232,659 354,832 19,396 237,637 435,512 323,421
180,206 208,924 231,578 308,788 361,813 309,121 342,196 378,147
180,205 208,403 231,546 304,627 325,678 302,939 321,626 378,147
862,102 867,605 1,037,684 854,978 618,804 950,875 858,471 969,803
560,366 513,700 674,495 564,285 469,409 620,823 615,129 670,595

645,720 911,640 911,640 911,640 911,640 911,640 911,640 911,640

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(81,735) 1,169,605 4,366,562 (3,597,705) 6,990,725 974,486 (1,195,012) 3,099,984
865,132 231,127 231,127 0 311,417 48,825 650,401 767,959

0.77 0.96 0.92 0.90 0.83 0.74 0.70 0.59

0.08 0.11 0.08 0.07 0.06 0.06 0.03 0.04
0.07 0.05 0.06 0.05 0.04 0.05 0.04 0.05
0.05 0.05 0.04 0.04 0.02 0.03 0.03 0.03
0.02 0.01 0.01 0.03 0.00 0.01 0.02 0.01
0.07 0.08 0.06 0.06 0.05 0.05 0.03 0.04
0.23 0.04 0.08 0.10 0.17 0.26 0.30 0.41
0.21 0.24 0.22 0.36 0.53 0.32 0.37 0.39
0.13 0.14 0.15 0.22 0.27 0.17 0.24 0.19
1.02 1.56 1.00 0.86 16.79 1.27 0.74 1.17
0.87 0.56 0.74 0.62 0.51 0.68 0.67 0.74

0.12 0.14 0.11 0.15 0.10 0.10 0.23 0.09

0.27 0.36 0.50 0.34 0.56 0.59 0.34 0.57
0.46 0.40 0.29 0.42 0.30 0.28 0.27 0.32
0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00
0.10 0.01 0.26 0.03 0.35 0.34 0.37 0.40
- - - - 26.22 - - -
4.91 45.86 1.23 17.94 0.94 0.92 0.80 0.87
 0.00 0.08 0.13 0.12 0.12 0.10 0.06 0.04
0.04 0.09 0.10 0.09 0.09 0.10 0.08 0.06
0.00 0.03 0.06 0.06 0.06 0.05 0.03 0.02
0.17 0.38 0.36 0.24 0.25 0.19 -0.14 -0.15
- 1.23 0.71 0.76 0.78 0.99 1.32 1.51

0.68 0.99 0.73 0.97 0.64 0.65 0.62 0.60

0.11 0.02 0.02 0.00 0.02 0.00 0.05 0.05
12.21 12.13 12.87 13.48 14.00 14.68 15.36 16.09
0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00

-0.15 2.28 6.47 -6.38 14.89 1.57 -1.94 4.62

(Thousand Rupees)
2010 2011 2012 2013 2014 2015 2016 2017
11,502,905 12,503,432 13,776,602 15,679,940 18,512,041 19,726,808 22,822,320 24,128,148
6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000
2,992,287 3,114,865 3,285,976 3,553,438 5,200,005 5,748,570 6,876,320 7,431,389
2,510,618 3,388,567 4,490,626 6,126,502 7,312,036 7,978,238 9,946,000 10,696,759
239,868 84,687 564,597 589,165 1,103,639 889,086 1,865,000 679,262
13,280,158 11,342,439 16,463,849 6,022,192 5,018,493 7,751,093 4,254,092 4,321,754
0 0 0 0 0 0 0 0
9,807,369 9,161,654 14,839,975 5,042,353 3,557,518 6,246,955 2,661,764 2,562,007
3,138,512 1,726,601 1,015,429 349,680 397,790 179,750 3,650 2,500
334,277 454,184 608,445 630,159 1,063,185 1,324,388 1,588,678 1,757,247
25,022,931 23,930,558 30,805,048 22,291,297 24,634,173 28,366,987 28,941,412 29,129,164
51,424 442,766 32,650 30,795 53,667 63,957 61,995 61,148
1,409,688 24,653 712,976 27,561 20,335 20,718 16,691 18,730
250,000 0 0 5,824,062 28,000 0 2,632,880 2,476,726
17,521,580 15,966,871 24,203,303 11,886,802 20,901,562 22,142,622 21,206,169 22,922,841
6,389,805 8,131,825 6,879,143 5,506,256 4,362,535 6,618,230 5,860,141 4,319,273
1,648,540 1,723,232 1,771,283 1,992,396 1,695,364 1,621,319 1,546,078 1,197,298
1,420,615 1,577,790 1,636,742 1,733,766 1,564,607 1,504,586 1,437,645 1,152,703
4,969,190 6,554,035 5,242,401 3,772,490 2,797,928 5,113,644 4,422,496 3,166,570
260,736 282,125 252,233 203,854 188,609 169,034 201,875 196,533
560,313 660,108 361,485 545,733 644,072 857,012 399,306 286,616

2,111,019 2,204,036 2,364,815 1,706,704 1,408,799 1,229,530 1,027,732 740,818

1,452,508 1,445,302 1,605,660 1,019,112 619,925 365,227 244,012 104,125
658,511 758,734 759,155 687,592 788,874 864,303 783,720 636,693
(37,100) 208,083 98,378 103,639 (163,013) 434,720 (592) (63,965)
695,611 550,651 660,777 583,953 951,887 429,583 784,312 700,658
1,030,674 1,638,323 1,882,698 2,726,036 2,802,327 2,619,921 3,786,996 2,402,923
412,408 462,723 485,692 502,987 558,850 545,252 442,842 519,669
411,259 462,723 439,516 502,987 558,394 545,222 484,948 509,869
1,321,877 1,726,251 2,057,783 2,807,002 3,195,364 2,504,252 4,128,466 2,593,652
 968,732 1,360,527 1,640,917 2,359,673 2,677,680 1,828,550 3,452,494 1,850,229

240 240 240 240 240 240 240 240

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(2,336,821) (3,341,852) 6,809,220 (14,568,720) 5,780,181 356,224 (4,898,617) 1,511,866
193,141 1,150,452 470,926 3,065,573 859,482 2,452,764 1,235,359 850,000

0.31 0.34 0.32 0.40 0.56 0.70 0.76 0.86

0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.02
0.08 0.11 0.12 0.15 0.14 0.09 0.15 0.08
0.04 0.06 0.05 0.11 0.11 0.06 0.12 0.06
0.04 0.07 0.06 0.12 0.11 0.09 0.13 0.08
0.03 0.02 0.02 0.03 0.04 0.02 0.03 0.02
0.69 0.66 0.68 0.60 0.44 0.30 0.24 0.14
0.31 0.27 0.21 0.18 0.17 0.22 0.12 0.20
0.13 0.12 0.11 0.11 0.13 0.14 0.09 0.17
0.40 0.28 0.23 0.18 0.20 0.21 0.13 0.21
4036.38 5668.86 6837.15 9831.97 11157.00 7618.96 14385.39 7709.29

0.06 0.02 0.02 0.00 0.00 0.00 0.00 0.00

0.70 0.67 0.79 0.53 0.85 0.78 0.73 0.79
0.20 0.27 0.17 0.17 0.11 0.18 0.15 0.11
0.13 0.07 0.03 0.02 0.02 0.01 0.00 0.00
0.53 0.47 0.53 0.27 0.20 0.27 0.15 0.15
2.04 4.71 6.77 15.75 10.97 36.82 1605.52 1727.71
0.49 0.75 0.43 1.02 1.10 1.03 2.20 1.68

0.26 0.21 0.26 0.36 0.39 0.25 0.26 0.28

0.22 0.19 0.24 0.31 0.36 0.23 0.25 0.27
0.14 0.14 0.13 0.13 0.09 0.08 0.07 0.05
-0.03 0.13 0.06 0.06 -0.10 0.29 0.00 -0.06
0.86 0.92 0.92 0.87 0.92 0.93 0.93 0.96

0.46 0.52 0.45 0.70 0.75 0.70 0.79 0.83

0.02 0.09 0.03 0.20 0.05 0.12 0.05 0.04
47928.77 52097.63 57402.51 65333.08 77133.50 82195.03 95093.00 100533.95
0.27 0.14 0.07 0.02 0.02 0.01 0.00 0.00

-2.41 -2.46 4.15 -6.17 2.16 0.19 -1.42 0.82

(Thousand Rupees)
2010 2011 2012 2013 2014 2015 2016 2017
6,650,877 6,586,986 3,152,360 3,332,668 3,568,845 3,873,949 4,669,164 4,712,650
6,141,780 6,141,780 6,141,780 6,141,780 6,141,780 6,141,780 6,141,780 6,141,780
474,801 474,801 0 36,319 82,855 143,860 302,094 311,650
34,296 (29,595) (2,989,420) (2,845,431) (2,655,790) (2,411,691) (1,774,710) (1,740,780)
 (191,250) (229,759) (8,351) (12,750) 17,842 20,794 92,251 (157,735)
9,915,845 8,526,649 10,321,598 8,800,819 8,849,498 11,379,536 14,134,026 14,608,015
0 0 0 0 0 0 0 0
4,983,790 4,537,471 5,880,572 5,615,747 6,097,465 9,441,099 13,391,904 14,367,132
4,657,690 3,652,844 4,088,500 2,809,423 2,470,607 1,737,389 463,117 39,000
274,365 336,334 352,526 375,649 281,426 201,048 279,005 201,883
16,375,472 14,883,876 13,465,607 12,120,737 12,436,185 15,274,279 18,895,441 19,162,930
76,513 42,643 63,387 51,848 68,845 65,712 20,420 28,328
36,324 41,177 38,636 193,258 64,144 30,481 72,705 83,494
1,482,414 200,000 0 350,000 0 320,000 950,000 4,000,000
6,286,676 6,187,323 7,706,331 6,356,193 7,703,305 10,922,328 13,183,821 9,700,440
8,430,312 8,003,538 7,558,084 7,028,521 6,269,304 5,810,534 4,355,087 5,137,036
1,122,912 1,566,090 3,307,968 3,246,848 3,244,836 3,229,136 1,637,100 1,980,900
1,019,531 964,425 2,717,073 2,675,540 2,561,390 2,572,123 1,517,564 1,543,952
7,410,781 7,039,113 4,841,011 4,352,981 3,707,914 3,238,411 2,837,523 3,593,084
96,089 68,568 97,945 86,956 87,907 69,960 87,697 80,458
986,675 1,305,052 718,297 729,501 804,070 627,387 1,743,275 1,677,126

1,675,251 1,728,763 1,229,133 1,147,179 1,317,502 1,385,571 1,179,031 1,016,924

1,125,259 1,100,691 983,847 892,929 1,002,284 1,025,661 865,788 752,303
549,992 628,072 245,286 254,250 315,218 359,910 313,243 264,621
341,721 185,091 2,983,602 (94,837) (136,645) (60,605) (1,161,501) 64,650
208,271 442,981 (2,738,316) 349,087 451,863 420,515 1,474,744 199,971
214,661 46,188 119,940 184,168 214,029 444,233 118,497 318,349
287,562 373,618 666,142 337,260 348,313 392,333 561,422 434,194
281,965 341,014 281,112 356,123 378,461 367,407 409,099 404,423
105,473 115,551 (3,317,374) 195,995 317,579 472,415 1,031,819 84,126
131,626 (63,891) (3,428,519) 181,595 232,681 305,026 791,170 47,781

614,178 614,178 614 614 614,178 614,178 614,178 614,178

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(88,345) 726,795 2,480,282 (1,318,278) 1,270,311 1,990,238 3,857,195 (5,280,156)
1,620,644 1,446,275 1,995,651 2,484,646 1,261,162 1,480,479 2,195,876 2,033,523

0.33 0.36 0.20 0.22 0.24 0.26 0.27 0.26

0.03 0.04 0.02 0.02 0.03 0.02 0.02 0.01
0.02 -0.01 -1.09 0.05 0.07 0.08 0.17 0.01
0.01 0.00 -0.25 0.02 0.02 0.02 0.04 0.00
0.01 0.00 0.01 0.02 0.02 0.03 0.01 0.02
0.01 0.03 -0.20 0.03 0.04 0.03 0.08 0.01
0.67 0.64 0.80 0.78 0.76 0.74 0.73 0.74
2.67 2.95 -0.08 1.82 1.19 0.78 0.40 4.81
0.15 0.21 0.49 0.25 0.23 0.21 0.43 0.33
1.31 7.38 2.34 1.93 1.77 0.83 3.45 1.27
0.21 -0.10 -5583.91 295.76 0.38 0.50 1.29 0.08
 0.01 0.01 0.01 0.02 0.01 0.01 0.00 0.01
0.38 0.42 0.57 0.52 0.62 0.72 0.70 0.51
0.45 0.47 0.36 0.36 0.30 0.21 0.15 0.19
0.28 0.25 0.30 0.23 0.20 0.11 0.02 0.00
0.61 0.57 0.77 0.73 0.71 0.75 0.75 0.76
1.81 2.19 1.85 2.50 2.54 3.34 9.40 131.72
0.87 0.98 0.76 0.83 0.73 0.52 0.31 0.36

0.13 0.20 0.44 0.46 0.52 0.56 0.38 0.39

0.12 0.12 0.36 0.38 0.41 0.44 0.35 0.30
0.17 0.24 1.05 0.97 0.91 0.83 0.35 0.42
0.34 0.19 1.10 -0.04 -0.05 -0.02 -0.77 0.04
0.91 0.62 0.82 0.82 0.79 0.80 0.93 0.78

0.41 0.44 0.23 0.28 0.29 0.25 0.25 0.25

0.24 0.22 0.63 0.75 0.35 0.38 0.47 0.43
10.83 10.72 5134.14 5427.80 5.81 6.31 7.60 7.67
0.70 0.55 1.30 0.84 0.69 0.45 0.10 0.01

-0.67 -11.38 -0.72 -7.26 5.46 6.52 4.88 -110.51

(Thousand Rupees)
2010 2011 2012 2013 2014 2015 2016 2017
6,793,844 6,931,824 7,173,742 7,278,533 7,418,725 7,770,203 8,106,752 8,059,817
6,150,000 6,150,000 6,150,000 6,150,000 6,150,000 6,150,000 6,150,000 6,150,000
492,568 485,312 570,983 646,091 722,810 843,304 984,427 1,071,761
151,276 296,512 452,759 482,442 545,915 776,899 972,325 838,056
(31,697) (56,048) 38,511 (63,291) 293,446 394,883 354,446 63,540
12,430,977 11,963,268 11,406,124 10,535,409 15,653,452 19,029,543 31,345,157 56,546,033
0 0 0 0 0 0 0 0
6,145,349 6,648,716 6,546,367 5,721,831 8,868,730 14,479,440 25,150,898 44,607,690
5,561,165 4,695,693 4,351,000 4,433,848 6,295,986 4,009,860 5,342,975 10,501,149
724,463 618,859 508,757 379,730 488,736 540,243 851,284 1,437,194
19,193,124 18,839,044 18,618,377 17,750,651 23,365,623 27,194,629 39,806,355 64,669,390
70,420 66,679 101,974 78,034 99,912 93,725 88,884 172,121
664,169 209,531 159,980 227,034 269,173 1,586,956 1,670,921 2,010,079
2,467,467 1,321,745 833,119 1,206,521 614,177 362,824 935,826 2,038,288
9,129,453 10,632,874 10,296,148 7,652,050 12,179,521 14,073,356 20,831,182 40,240,634
7,052,670 6,739,785 7,280,873 8,432,557 9,964,228 10,907,725 15,900,129 19,663,753
1,221,006 1,199,078 1,182,906 1,132,366 1,037,908 1,193,866 1,218,843 964,378
1,107,629 974,224 933,814 938,867 893,914 914,462 1,065,278 875,260
5,945,041 5,765,561 6,347,059 7,493,690 9,070,314 9,993,263 14,834,851 18,788,493
74,901 68,276 61,298 52,642 68,669 82,316 85,263 81,901
841,673 774,378 818,799 1,040,680 1,063,857 1,002,189 1,359,428 1,337,874

2,231,471 2,270,702 2,051,174 1,566,715 2,117,169 2,242,063 2,287,972 3,955,607

1,462,002 1,513,542 1,304,300 892,690 1,360,752 1,356,296 1,436,373 3,099,597
 769,469 757,160 746,874 674,025 756,417 885,767 851,599 856,010
267,739 (73,119) 163,795 110,478 221,033 196,135 6,648 (168,313)
501,730 830,279 583,079 563,547 535,384 689,632 844,951 1,024,323
297,510 153,800 431,879 301,200 402,674 789,972 827,673 340,437
343,788 360,868 386,488 407,440 392,775 504,340 647,335 620,227
326,855 335,648 371,542 392,662 372,736 468,230 658,798 573,254
455,452 623,211 628,470 457,307 545,283 975,264 1,025,289 744,533
332,799 357,521 446,586 339,103 383,593 602,471 705,614 436,668

615,000 615,000 615,000 615,000 615,000 615,000 615,000 615,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,800,538 (2,462,635) 2,501,049 (1,866,097) 4,768,958 3,080,661 4,624,456 288,193
625,687 2,833,372 1,550,074 2,576,216 3,194,247 1,724,504 3,956,292 6,838,492

0.34 0.33 0.36 0.43 0.36 0.40 0.37 0.22

0.04 0.04 0.04 0.04 0.03 0.03 0.02 0.01
0.05 0.05 0.06 0.05 0.05 0.08 0.09 0.05
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01
0.02 0.01 0.02 0.02 0.02 0.03 0.02 0.01
0.03 0.04 0.03 0.03 0.02 0.03 0.02 0.02
0.66 0.67 0.64 0.57 0.64 0.60 0.63 0.78
0.72 0.54 0.59 0.86 0.68 0.48 0.64 0.77
0.14 0.15 0.16 0.22 0.16 0.17 0.21 0.14
1.10 2.18 0.86 1.30 0.93 0.59 0.80 1.68
0.54 0.58 0.73 0.55 0.62 0.98 1.15 0.71

0.04 0.01 0.01 0.02 0.02 0.06 0.04 0.03

0.48 0.56 0.55 0.43 0.52 0.52 0.52 0.62
0.31 0.31 0.34 0.42 0.39 0.37 0.37 0.29
0.29 0.25 0.23 0.25 0.27 0.15 0.13 0.16
0.65 0.64 0.61 0.59 0.67 0.70 0.79 0.87
1.27 1.44 1.67 1.90 1.58 2.72 2.98 1.87
0.60 0.59 0.67 0.83 0.66 0.59 0.52 0.36

0.17 0.18 0.16 0.13 0.10 0.11 0.08 0.05

0.16 0.14 0.13 0.11 0.09 0.08 0.07 0.04
0.18 0.17 0.16 0.16 0.14 0.15 0.15 0.12
0.24 -0.08 0.18 0.12 0.25 0.21 0.01 -0.19
0.91 0.81 0.79 0.83 0.86 0.77 0.87 0.91

0.35 0.37 0.39 0.41 0.32 0.29 0.20 0.12

0.09 0.41 0.22 0.35 0.43 0.22 0.49 0.85
11.05 11.27 11.66 11.84 12.06 12.63 13.18 13.11
0.82 0.68 0.61 0.61 0.85 0.52 0.66 1.30

5.41 -6.89 5.60 -5.50 12.43 5.11 6.55 0.66

 (Thousand Rupees)
2010 2011 2012 2013 2014 2015 2016 2017
7,758,307 6,233,267 6,619,377 7,583,290 8,586,180 9,379,707 9,920,576 10,631,641
6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,600,000 6,600,000 6,600,000
1,961,641 1,513,182 683,501 888,999 919,926 1,064,668 1,159,890 1,285,354
(203,334) (1,279,915) (64,124) 694,291 1,666,254 1,715,039 2,160,686 2,746,287
1,046,117 829,249 1,041,002 1,341,388 1,804,683 2,362,531 2,465,364 1,573,785
13,178,438 10,262,203 10,048,194 7,463,195 11,782,077 13,120,068 11,945,807 9,961,259
0 0 0 0 0 0 0 0
9,078,012 7,064,577 7,229,176 5,065,096 10,630,880 12,010,453 10,717,908 9,076,846
2,858,458 1,618,222 1,329,131 1,335,011 37,000 7,000 131,399 7,500
1,241,968 1,579,404 1,489,887 1,063,088 1,114,197 1,102,615 1,096,500 876,913
21,982,862 17,324,719 17,708,573 16,387,873 22,172,940 24,862,306 24,331,747 22,166,685
41,130 56,121 65,690 40,075 48,472 64,560 34,289 40,303
286,434 193,655 389,069 110,901 693,285 758,317 116,132 123,073
431,258 171,111 285,000 409,466 900,000 180,000 340,000 0
7,177,103 5,101,879 6,194,338 6,322,210 10,739,003 12,702,241 11,349,103 9,468,148
12,130,998 10,870,638 9,986,984 8,710,509 7,784,475 8,774,144 10,466,678 10,584,039
2,828,882 3,006,985 3,137,100 2,881,396 2,385,358 2,675,026 2,796,202 2,592,937
2,773,949 3,477,362 3,623,295 3,538,461 2,096,435 2,099,189 2,210,415 2,126,145
9,357,049 7,393,276 6,363,689 5,172,048 5,688,040 6,674,955 8,256,263 8,457,894
2,448,286 2,321,846 2,612,688 2,449,947 2,255,080 2,738,966 2,625,410 2,518,447
2,241,602 2,086,831 1,798,099 1,883,226 1,849,060 1,743,267 1,610,550 1,558,820

1,728,226 1,479,941 1,246,895 1,007,723 1,343,543 1,720,811 1,334,803 1,230,375

1,399,433 1,173,520 776,603 523,062 666,935 868,488 500,787 487,321
328,793 306,421 470,292 484,661 676,608 852,323 834,016 743,054
212,552 719,171 390,322 90,387 (210,920) 85,925 267,082 238,606
116,241 (412,750) 79,970 394,274 887,528 766,398 566,934 504,448
(16,197) 136,865 645,779 657,703 761,719 581,654 725,031 732,250
374,212 1,471,800 465,384 334,599 246,828 356,056 329,113 376,788
359,004 337,031 375,215 333,840 284,571 341,961 344,482 376,788
(274,167) (1,747,686) 268,622 726,595 1,402,419 991,996 962,852 859,910
(434,030) (2,042,565) 246,988 1,051,812 1,158,832 732,268 476,113 627,318

600,000 600,000 600,000 600,000 600,000 660,000 660,000 660,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(2,147,613) (1,979,145) 460,618 (342,708) 4,406,302 1,837,666 (2,091,951) (714,663)
5,590,225 3,344,230 1,423,333 1,301,821 1,519,658 534,967 2,424,736 2,573,810

0.19 0.21 0.38 0.48 0.50 0.50 0.62 0.60

0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03
-0.06 -0.33 0.04 0.14 0.14 0.08 0.05 0.06
-0.02 -0.12 0.01 0.06 0.05 0.03 0.02 0.03
0.00 0.01 0.04 0.04 0.03 0.02 0.03 0.03
 0.01 -0.02 0.00 0.02 0.04 0.03 0.02 0.02
0.81 0.79 0.62 0.52 0.50 0.50 0.38 0.40
-1.31 -0.19 1.40 0.46 0.20 0.34 0.36 0.44
0.22 0.91 0.25 0.20 0.12 0.15 0.16 0.19
-22.16 2.46 0.58 0.51 0.37 0.59 0.48 0.51
-0.72 -3.40 0.41 1.75 1.93 1.11 0.72 0.95

0.01 0.01 0.03 0.01 0.03 0.03 0.01 0.01

0.33 0.29 0.35 0.39 0.48 0.51 0.47 0.43
0.43 0.43 0.36 0.32 0.26 0.27 0.34 0.38
0.13 0.09 0.08 0.08 0.00 0.00 0.01 0.00
0.60 0.59 0.57 0.46 0.53 0.53 0.49 0.45
4.24 6.72 7.51 6.52 210.39 1253.45 79.66 1411.21
1.02 1.25 1.17 1.36 0.73 0.73 0.96 1.17

0.23 0.28 0.31 0.33 0.31 0.30 0.27 0.25

0.23 0.32 0.36 0.41 0.27 0.24 0.21 0.20
0.36 0.48 0.47 0.38 0.28 0.29 0.28 0.24
0.08 0.21 0.11 0.03 -0.10 0.04 0.12 0.11
0.98 1.16 1.16 1.23 0.88 0.78 0.79 0.82

0.35 0.36 0.37 0.46 0.39 0.38 0.41 0.48

0.72 0.54 0.22 0.17 0.18 0.06 0.24 0.24
12.93 10.39 11.03 12.64 14.31 14.21 15.03 16.11
0.37 0.26 0.20 0.18 0.00 0.00 0.01 0.00

4.95 0.97 1.86 -0.33 3.80 2.51 -4.39 -1.14

(Thousand Rupees)
2018
84,772,694
46,008,180
14,516,050
24,248,464
1,168,233
128,846,191
0
111,444,365
11,643,692
5,758,134
214,787,118
558,211
4,326,744
11,378,907
117,592,810
76,731,522
9,228,240
7,163,149
69,568,373
3,890,609
7,471,464

11,565,528
6,764,810
4,800,718
595,784
4,204,934
4,984,585
3,060,357
2,905,180
6,129,161
4,201,927

4,001,058
N/A
N/A
5,631,281
26,679,063

0.42
0.02
0.05
0.02
0.02
0.02
 0.58
0.47
0.18
0.58
1.05

0.02
0.55
0.32
0.05
0.60
6.59
0.62

0.12
0.09
0.11
0.08
0.78

0.39
0.31
21.19
0.14

1.34

(Thousand Rupees)
2018
9,181,391
6,000,000
840,066
2,341,325
(71,701)
9,415,747
0
7,915,859
1,221,724
278,164
18,525,437
73,144
60,653
105,000
11,259,928
7,195,696
1,712,086
971,770
6,223,926
193,242
609,544

907,417
472,607
434,810
257,163
177,647
101,236
267,425
267,421
11,458
(10,231)

600,000
0.00
0.00
519,893
80,000

0.48
0.02
0.00
0.00
0.01
0.01
0.52
23.34
0.27
2.64
-0.02

0.01
0.61
0.34
0.07
0.51
5.89
0.79

0.24
0.14
0.19
0.26
0.57
 0.50
0.01
15.30
0.13

-50.82

(Thousand Rupees)
2018
10,633,697
6,000,000
1,406,995
3,226,702
(673,212)
38,832,642
0
36,890,373
725,403
1,216,866
48,793,127
161,339
46,355
0
26,116,936
20,639,421
592,529
309,684
20,329,737
16,450
2,122,310

2,506,962
1,787,629
719,333
96,393
622,940
221,870
341,311
330,373
503,499
275,914

600,000
0.00
0.00
18,540,404
2,230,267
 0.29
0.01
0.03
0.01
0.00
0.01
0.71
0.66
0.13
1.49
0.46

0.00
0.54
0.42
0.01
0.80
28.45
0.55

0.03
0.02
0.06
0.31
0.52

0.22
0.21
17.72
0.07

67.20

(Thousand Rupees)
2018
15,278,259
9,116,400
1,232,830
4,929,029
83,041
4,400,934
0
4,180,683
0
220,251
19,762,234
 62,586
1,553,209
0
9,976,199
8,163,493
397,439
543,305
7,620,188
187,585
362,467

1,244,514
162,160
1,082,354
225,577
856,777
441,476
386,494
386,374
911,758
618,820

911,640
0.00
0.00
(4,735,499)
831,328

0.87
0.05
0.04
0.03
0.02
0.04
0.13
0.42
0.23
0.88
0.68

0.08
0.50
0.39
0.00
0.22
-
1.95
 0.05
0.07
0.03
0.42
1.37

0.77
0.05
16.76
0.00

-7.65

(Thousand Rupees)
2018
26,382,006
6,000,000
8,193,002
12,189,004
167,303
3,427,917
0
1,371,474
35,000
2,021,443
29,977,226
60,901
9,690
1,071,204
25,815,300
3,770,041
1,113,743
1,071,860
2,698,181
217,382
104,568

928,003
66,290
861,713
298,767
562,946
3,534,453
582,116
511,810
3,515,283
 2,768,420

240
0.00
0.00
1,234,477
150,000

0.93
0.03
0.10
0.09
0.12
0.02
0.07
0.15
0.13
0.14
11535.08

0.00
0.86
0.09
0.00
0.11
107.72
2.68

0.30
0.28
0.04
0.28
0.96

0.88
0.01
109925.03
0.00

0.45

(Thousand Rupees)
2018
4,383,660
6,141,780
311,650
(2,069,770)
 (215,171)
16,259,548
0
15,352,993
643,575
262,980
20,428,037
22,985
54,665
1,950,000
11,832,050
5,873,295
1,591,672
1,522,985
4,350,310
62,361
2,155,666

1,428,129
1,168,533
259,596
127,220
132,376
78,389
471,407
429,461
(260,642)
(322,959)

614,178
0.00
0.00
4,988,077
1,280,909

0.18
0.01
-0.07
-0.02
0.00
0.01
0.82
-1.65
0.31
5.48
-0.53
 0.00
0.58
0.21
0.03
0.80
9.13
0.37

0.27
0.26
0.36
0.08
0.96

0.21
0.29
7.14
0.15

-15.44

(Thousand Rupees)
2018
8,103,513
6,150,000
1,164,643
788,870
39,425
49,967,534
0
39,961,645
9,010,490
995,399
58,110,472
122,604
2,275,589
5,434,296
28,433,357
21,061,394
711,233
580,692
20,480,702
96,169
1,267,755

3,550,116
2,710,409
 839,707
(332,101)
1,171,808
161,564
584,028
552,165
749,344
464,410

615,000
0.00
0.00
(10,063,973)
19,695,692

0.24
0.01
0.06
0.01
0.00
0.02
0.76
0.74
0.16
3.42
0.76

0.04
0.49
0.35
0.16
0.86
2.34
0.43

0.03
0.03
0.09
-0.57
0.82

0.14
2.43
13.18
1.11

-21.67
(Thousand Rupees)
2018
10,810,168
6,600,000
1,366,864
2,843,304
1,838,548
6,541,869
0
5,771,338
7,500
763,031
19,190,585
54,652
326,583
2,818,407
4,159,040
10,028,182
3,109,538
2,162,853
7,865,329
3,117,420
849,154

1,000,387
397,182
603,205
(77,235)
680,440
445,597
427,576
427,576
698,461
407,553

660,000
0.00
0.00
(4,852,098)
2,410,867

0.60
0.03
0.04
0.02
0.02
 0.04
0.40
0.61
0.30
0.96
0.62

0.02
0.22
0.41
0.00
0.34
1337.09
1.74

0.31
0.22
0.29
-0.04
0.70

0.56
0.22
16.38
0.00

-11.91
All Microfinance Banks - Overall
Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 7,730,242 11,103,669 14,904,978 18,079,359 23,893,485
1.Share capital 8,128,478 11,198,478 14,460,458 16,323,080 19,889,988
2.Reserves 695,597 853,998 1,086,785 1,513,220 2,093,205
3.Un appropriated profit (1,093,833) (948,807) (642,265) 243,059 1,910,292
4.Others 139,099 (359,829) (2,118,380) (3,130,498) (4,800,615)
B.Total liabilities(B1 to B4) 23,336,647 33,958,469 45,228,787 54,856,247 78,882,571
1.Bills payable 70,864 70,068 58,169 125,342 79,230
2.Borrowings from financial institutions 8,206,039 7,848,419 8,000,678 8,664,284 10,893,373
3.Deposits and other accounts 13,927,279 23,153,800 33,581,490 42,730,482 63,084,832
4.Other/misc. liabilities 1,132,465 2,886,182 3,588,450 3,336,139 4,825,136
C.Total assets (C1 to C4 + C8 to C10) 31,205,989 44,702,309 58,015,386 69,805,108 97,975,441
1.Cash and balances with treasury banks 1,258,586 1,925,914 2,908,717 3,464,599 4,700,656
2.Balances with other banks 5,760,120 6,640,086 7,217,115 6,502,405 10,562,456
3.Lending to financial institutions 1,837,790 1,035,762 1,518,118 1,150,351 3,675,981
4.Investments 4,807,021 10,956,306 12,655,954 14,565,967 13,520,656
5.Gross advances 14,675,415 20,039,163 28,316,645 36,892,137 55,351,880
6.Advances-non-performing/classified 231,687 213,511 284,021 444,029 894,820
7.Provision against advances 397,722 240,149 272,650 380,440 652,421
8.Advances net of provision (C5-C7) 14,277,693 19,799,014 28,043,995 36,511,697 54,699,459
9.Fixed assets 1,100,024 1,533,778 1,914,457 2,526,436 3,557,475
10.Other/misc. assets 2,164,755 2,811,449 3,757,030 5,083,653 7,258,758
D.Profit & loss account
1.Markup/interest earned 4,672,635 6,372,001 8,849,209 11,612,712 15,164,038
2.Markup/interest expensed 1,574,430 2,299,555 3,065,137 3,446,738 4,050,260
3.Net markup/interest income 3,098,205 4,072,446 5,784,071 8,165,974 11,113,778
4.Provisions and write-offs 322,638 459,681 427,890 526,450 764,028
5.Net markup/interest income after provisions 2,775,567 3,612,764 5,356,183 7,639,524 10,349,750
6.Non-markup/interest income 1,177,240 1,766,391 2,368,991 4,285,093 4,364,967
7.Non-markup/interest expenses 3,885,891 4,966,319 6,639,437 9,908,871 11,260,825
8.Administrative expenses 3,834,020 4,921,992 6,417,572 8,674,769 11,085,219
9.Profit/(loss) before taxation 67,062 410,687 1,085,738 2,015,767 3,453,890
10.Profit/(loss) after taxation 24,805 342,430 690,450 1,600,899 2,654,184
E.Other items
1.No. of ordinary shares (000) 812,847 1,119,847 1,446,045 1,632,307 1,988,998
2.Cash dividend N/A N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A N/A
4.Cash generated from operating activities (1,893,180) 5,083,948 3,451,222 1,161,828 3,820,707
5.Commitments and contigencies 277,178 529,532 394,917 132,388 65,963
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.66 0.64 0.65 0.70 0.73
2.Net markup/interest margin (D1-D2)/C 0.10 0.09 0.10 0.12 0.11
3.Return on equity (ROE) (D10/A) 0.00 0.03 0.05 0.09 0.11
4.Return on assets (ROA) (D10/C) 0.00 0.01 0.01 0.02 0.03
5.Non-markup/interest income to total assets (D6/C) 0.04 0.04 0.04 0.06 0.04
6.Net markup/interest income(after prov.) to total asset 0.09 0.08 0.09 0.11 0.11
7.Markup/interest expense to markup/interest income 0.34 0.36 0.35 0.30 0.27
8.Admin. expense to profit before tax. (D8/D9) (times) 57.17 11.98 5.91 4.30 3.21
9.Non-markup/interest expense to total income D7/(D1 0.66 0.61 0.59 0.62 0.58
10.Admin. expense to non-markup/interest income (D8/ 3.26 2.79 2.71 2.02 2.54
11.Earning per share (D10/E1) 0.03 0.31 0.48 0.98 1.33
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.22 0.19 0.17 0.14 0.16
2.Investment to total assets (C4/C) 0.15 0.25 0.22 0.21 0.14
3.Advances net of provisions to total assets (C8/C) 0.46 0.44 0.48 0.52 0.56
4.Deposits to total assets (B3/C) 0.45 0.52 0.58 0.61 0.64
5.Total liabilities to total assets (B/C) 0.75 0.76 0.78 0.79 0.81
6.Gross advances to deposits (C5/B3) 1.05 0.87 0.84 0.86 0.88
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.66 0.65 0.68 0.72 0.75
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.01 0.01 0.01 0.02
2.Provisions against NPLs to gross advances (C7/C5) 0.03 0.01 0.01 0.01 0.01
3.NPLs to shareholders equity (C6/A) 0.03 0.02 0.02 0.02 0.04
4.NPLs write off to NPLs provisions (D4/C7) 0.81 1.91 1.57 1.38 1.17
5.Provision against NPL to NPLs (C7/C6) 1.72 1.12 0.96 0.86 0.73
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.25 0.25 0.26 0.26 0.24
2.Commitments & contingencies to total equity (E5/A) (t 0.04 0.05 0.03 0.01 0.00
3.Break up value per share (A/E1) 9.51 9.92 10.31 11.08 12.01
4.Total deposit to total equity (B3/A) (times) 1.80 2.09 2.25 2.36 2.64
J.Cash flow ratio
1.Cash generated from opration activities to profit after -76.32 14.85 5.00 0.73 1.44

ADVANS PAKISTAN MICROFINANCE BANK LTD

Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) - 736,597 636,199 547,310 469,644
1.Share capital - 800,000 800,000 800,000 800,000
2.Reserves - 0 0 0 0
3.Un appropriated profit - (63,403) (163,801) (252,690) (330,356)
4.Others - 0 0 21,149 16,924
B.Total liabilities(B1 to B4) - 91,697 124,275 51,365 76,180
1.Bills payable - 0 76 0 0
2.Borrowings from financial institutions - 0 0 0 0
3.Deposits and other accounts - 0 10,563 14,634 14,627
4.Other/misc. liabilities - 91,697 113,636 36,731 61,553
C.Total assets (C1 to C4 + C8 to C10) - 828,294 760,475 619,824 562,748
1.Cash and balances with treasury banks - 46 6,434 11,802 17,391
2.Balances with other banks - 762,370 445,505 258,332 197,455
3.Lending to financial institutions - 0 0 0 0
4.Investments - 0 176,711 147,084 0
5.Gross advances - 0 44,486 102,610 201,748
6.Advances-non-performing/classified - 0 2,679 4,306 23,426
7.Provision against advances - 0 2,378 4,103 20,524
8.Advances net of provision (C5-C7) - 0 42,108 98,507 181,224
9.Fixed assets - 48,617 60,583 78,396 79,583
10.Other/misc. assets - 17,261 29,134 25,703 87,095
D.Profit & loss account
1.Markup/interest earned - 37,830 61,117 65,768 83,211
2.Markup/interest expensed - 0 154 517 552
3.Net markup/interest income - 37,830 60,963 65,251 82,659
4.Provisions and write-offs - 0 2,378 6,968 25,893
5.Net markup/interest income after provisions - 37,830 58,585 58,283 56,766
6.Non-markup/interest income - 0 2,130 20,358 20,611
7.Non-markup/interest expenses - 100,854 160,480 166,839 215,012
8.Administrative expenses - 97,368 152,189 166,680 214,942
9.Profit/(loss) before taxation - (63,024) (99,764) (88,175) (137,634)
10.Profit/(loss) after taxation - (63,403) (100,398) (88,890) 77,666
E.Other items
1.No. of ordinary shares (000) - 80,000 80,000 80,000 80,000
2.Cash dividend - 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities - 15,034 (108,495) (205,579) (175,047)
5.Commitments and contigencies - 0 582 15,946 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) - 1.00 1.00 0.99 0.99
2.Net markup/interest margin (D1-D2)/C - 0.05 0.08 0.11 0.15
3.Return on equity (ROE) (D10/A) - -0.09 -0.16 -0.16 0.17
4.Return on assets (ROA) (D10/C) - -0.08 -0.13 -0.14 0.14
5.Non-markup/interest income to total assets (D6/C) - 0.00 0.00 0.03 0.04
6.Net markup/interest income(after prov.) to total asset - 0.05 0.08 0.09 0.10
7.Markup/interest expense to markup/interest income - 0.00 0.00 0.01 0.01
8.Admin. expense to profit before tax. (D8/D9) (times) - -1.54 -1.53 -1.89 -1.56
9.Non-markup/interest expense to total income D7/(D1 - 2.67 2.54 1.94 2.07
10.Admin. expense to non-markup/interest income (D8/ - - 71.45 8.19 10.43
11.Earning per share (D10/E1) - -0.79 -1.25 -1.11 0.97
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C - 0.92 0.59 0.44 0.38
2.Investment to total assets (C4/C) - 0.00 0.23 0.24 0.00
3.Advances net of provisions to total assets (C8/C) - 0.00 0.06 0.16 0.32
4.Deposits to total assets (B3/C) - 0.00 0.01 0.02 0.03
5.Total liabilities to total assets (B/C) - 0.11 0.16 0.08 0.14
6.Gross advances to deposits (C5/B3) - - 4.21 7.01 13.79
7.Gross advances to borrowing & deposit C5/(B2+B3) - - 4.21 7.01 13.79
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) - - 0.06 0.04 0.12
2.Provisions against NPLs to gross advances (C7/C5) - - 0.05 0.04 0.10
3.NPLs to shareholders equity (C6/A) - 0.00 0.00 0.01 0.05
4.NPLs write off to NPLs provisions (D4/C7) - - 1.00 1.70 1.26
5.Provision against NPL to NPLs (C7/C6) - - 0.89 0.95 0.88
I.Capital /leverage ratios
1.Capital ratio (A/C) - 0.89 0.84 0.88 0.83
2.Commitments & contingencies to total equity (E5/A) (t - 0.00 0.00 0.03 0.00
3.Break up value per share (A/E1) - 9.21 7.95 6.84 5.87
4.Total deposit to total equity (B3/A) (times) - 0.00 0.02 0.03 0.03
J.Cash flow ratio
1.Cash generated from opration activities to profit after - -0.24 1.08 2.31 -2.25

APNA MICROFINANCE BANK (formerly NETWORK MICROFINANCE LTD)

Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 205,806 156,490 103,169 909,010 1,979,794
1.Share capital 300,000 300,000 300,000 1,100,000 2,200,000
2.Reserves 50 50 50 1,280 1,280
3.Un appropriated profit (94,244) (143,560) (196,881) (192,270) (221,486)
4.Others 0 152,950 413,872 (366,402) (924,771)
B.Total liabilities(B1 to B4) 13,601 505,378 796,342 1,216,346 4,615,456
1.Bills payable 747 2,186 11,111 12,621 24,184
2.Borrowings from financial institutions 0 0 0 0 0
3.Deposits and other accounts 11,428 468,025 762,026 1,193,507 4,546,697
4.Other/misc. liabilities 1,426 35,167 23,205 10,218 44,575
C.Total assets (C1 to C4 + C8 to C10) 219,407 814,818 1,313,383 1,758,954 5,670,479
1.Cash and balances with treasury banks 1,862 46,167 62,801 68,227 237,837
2.Balances with other banks 3,296 395,536 504,775 528,252 1,758,683
3.Lending to financial institutions 0 0 0 0 0
4.Investments 201,678 154,951 291,102 190,767 257,598
5.Gross advances 4,967 125,859 341,838 798,673 2,654,416
6.Advances-non-performing/classified 3,704 15,555 91,783 101,396 119,238
7.Provision against advances 2,051 4,071 22,821 32,535 65,993
8.Advances net of provision (C5-C7) 2,916 121,788 319,017 766,138 2,588,423
9.Fixed assets 7,917 71,193 81,355 93,726 351,136
10.Other/misc. assets 1,738 25,183 54,333 111,844 476,802
D.Profit & loss account
1.Markup/interest earned 33,342 50,189 139,326 239,419 447,155
2.Markup/interest expensed 967 16,772 52,355 78,964 187,446
3.Net markup/interest income 32,375 33,417 86,971 160,455 259,709
4.Provisions and write-offs 7,722 252 29,545 19,577 30,135
5.Net markup/interest income after provisions 24,653 33,165 57,426 140,878 229,574
6.Non-markup/interest income 61 2,776 15,013 33,508 97,872
7.Non-markup/interest expenses 38,700 84,753 124,560 165,665 351,792
8.Administrative expenses 38,700 84,753 124,560 165,665 351,792
9.Profit/(loss) before taxation (13,986) (48,813) (52,121) 8,721 (24,346)
10.Profit/(loss) after taxation (14,319) (49,315) (53,322) 6,148 (29,216)
E.Other items
1.No. of ordinary shares (000) 30,000 30,000 30,000 110,000 220,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 18,250 310,450 24,158 (84,399) 1,189,850
5.Commitments and contigencies 0 0 0 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.97 0.67 0.62 0.67 0.58
2.Net markup/interest margin (D1-D2)/C 0.15 0.04 0.07 0.09 0.05
3.Return on equity (ROE) (D10/A) -0.07 -0.32 -0.52 0.01 -0.01
4.Return on assets (ROA) (D10/C) -0.07 -0.06 -0.04 0.00 -0.01
5.Non-markup/interest income to total assets (D6/C) 0.00 0.00 0.01 0.02 0.02
6.Net markup/interest income(after prov.) to total asset 0.11 0.04 0.04 0.08 0.04
7.Markup/interest expense to markup/interest income 0.03 0.33 0.38 0.33 0.42
8.Admin. expense to profit before tax. (D8/D9) (times) -2.77 -1.74 -2.39 19.00 -14.45
9.Non-markup/interest expense to total income D7/(D1 1.16 1.60 0.81 0.61 0.65
10.Admin. expense to non-markup/interest income (D8/ 634.43 30.53 8.30 4.94 3.59
11.Earning per share (D10/E1) -0.48 -1.64 -1.78 0.06 -0.13
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.02 0.54 0.43 0.34 0.35
2.Investment to total assets (C4/C) 0.92 0.19 0.22 0.11 0.05
3.Advances net of provisions to total assets (C8/C) 0.01 0.15 0.24 0.44 0.46
4.Deposits to total assets (B3/C) 0.05 0.57 0.58 0.68 0.80
5.Total liabilities to total assets (B/C) 0.06 0.62 0.61 0.69 0.81
6.Gross advances to deposits (C5/B3) 0.43 0.27 0.45 0.67 0.58
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.43 0.27 0.45 0.67 0.58
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.75 0.12 0.27 0.13 0.04
2.Provisions against NPLs to gross advances (C7/C5) 0.41 0.03 0.07 0.04 0.02
3.NPLs to shareholders equity (C6/A) 0.02 0.10 0.89 0.11 0.06
4.NPLs write off to NPLs provisions (D4/C7) 3.77 0.06 1.29 0.60 0.46
5.Provision against NPL to NPLs (C7/C6) 0.55 0.26 0.25 0.32 0.55
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.94 0.19 0.08 0.52 0.35
2.Commitments & contingencies to total equity (E5/A) (t 0.00 0.00 0.00 0.00 0.00
3.Break up value per share (A/E1) 6.86 5.22 3.44 8.26 9.00
4.Total deposit to total equity (B3/A) (times) 0.06 2.99 7.39 1.31 2.30
J.Cash flow ratio
1.Cash generated from opration activities to profit after -1.27 -6.30 -0.45 -13.73 -40.73

FINCA MICROFINANCE BANK LIMITED

Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 205,060 938,658 4,048,720 4,212,302 5,986,349
1.Share capital 750,000 1,620,000 4,731,980 4,731,980 6,348,887
2.Reserves 0 0 276 35,505 68,843
3.Un appropriated profit (544,940) (681,342) (683,536) (555,183) (431,381)
4.Others 43,496 (654,017) (2,944,181) (2,930,113) (4,052,815)
B.Total liabilities(B1 to B4) 1,203,601 1,833,188 2,874,325 5,098,281 6,518,384
1.Bills payable 2,305 17,197 1,813 4,922 5,840
2.Borrowings from financial institutions 0 0 0 201,100 115,001
3.Deposits and other accounts 1,141,614 1,727,060 2,735,464 4,656,177 6,057,364
4.Other/misc. liabilities 59,682 88,931 137,048 236,082 340,179
C.Total assets (C1 to C4 + C8 to C10) 1,452,157 2,117,829 3,978,864 6,380,470 8,451,918
1.Cash and balances with treasury banks 86,311 135,014 180,993 320,861 356,638
2.Balances with other banks 293,881 403,525 948,330 597,224 409,991
3.Lending to financial institutions 0 0 0 0 0
4.Investments 72,673 142,781 397,759 447,527 1,039,196
5.Gross advances 703,944 1,152,299 2,036,069 4,028,415 5,478,758
6.Advances-non-performing/classified 11,630 9,939 13,199 35,918 126,351
7.Provision against advances 11,449 11,301 16,822 33,747 60,082
8.Advances net of provision (C5-C7) 692,495 1,140,998 2,019,247 3,994,668 5,418,676
9.Fixed assets 218,774 200,220 235,159 582,647 776,652
10.Other/misc. assets 88,023 95,291 197,376 437,543 450,765
D.Profit & loss account
1.Markup/interest earned 292,276 409,687 692,975 1,247,136 1,899,754
2.Markup/interest expensed 70,563 127,978 212,456 361,257 534,669
3.Net markup/interest income 221,713 281,709 480,519 885,879 1,365,085
4.Provisions and write-offs 8,953 15,576 16,260 47,783 105,654
5.Net markup/interest income after provisions 212,760 266,133 464,259 838,096 1,259,431
6.Non-markup/interest income 83,006 92,610 130,528 235,217 326,172
7.Non-markup/interest expenses 452,675 501,143 599,918 1,042,525 1,340,382
8.Administrative expenses 447,868 486,596 589,803 1,030,557 1,322,012
9.Profit/(loss) before taxation (156,909) (142,400) (5,131) 30,787 245,220
10.Profit/(loss) after taxation (145,756) (136,518) 1,380 176,137 166,695
E.Other items
1.No. of ordinary shares (000) 75,000 162,000 473,198 473,198 634,889
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (55,846) 31,203 66,381 202,113 162,476
5.Commitments and contigencies 2,145 0 0 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.76 0.69 0.69 0.71 0.72
2.Net markup/interest margin (D1-D2)/C 0.15 0.13 0.12 0.14 0.16
3.Return on equity (ROE) (D10/A) -0.71 -0.15 0.00 0.04 0.03
4.Return on assets (ROA) (D10/C) -0.10 -0.06 0.00 0.03 0.02
5.Non-markup/interest income to total assets (D6/C) 0.06 0.04 0.03 0.04 0.04
6.Net markup/interest income(after prov.) to total asset 0.15 0.13 0.12 0.13 0.15
7.Markup/interest expense to markup/interest income 0.24 0.31 0.31 0.29 0.28
8.Admin. expense to profit before tax. (D8/D9) (times) -2.85 -3.42 -114.95 33.47 5.39
9.Non-markup/interest expense to total income D7/(D1 1.21 1.00 0.73 0.70 0.60
10.Admin. expense to non-markup/interest income (D8/ 5.40 5.25 4.52 4.38 4.05
11.Earning per share (D10/E1) -1.94 -0.84 0.00 0.37 0.26
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.26 0.25 0.28 0.14 0.09
2.Investment to total assets (C4/C) 0.05 0.07 0.10 0.07 0.12
3.Advances net of provisions to total assets (C8/C) 0.48 0.54 0.51 0.63 0.64
4.Deposits to total assets (B3/C) 0.79 0.82 0.69 0.73 0.72
5.Total liabilities to total assets (B/C) 0.83 0.87 0.72 0.80 0.77
6.Gross advances to deposits (C5/B3) 0.62 0.67 0.74 0.87 0.90
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.62 0.67 0.74 0.83 0.89
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.01 0.01 0.01 0.02
2.Provisions against NPLs to gross advances (C7/C5) 0.02 0.01 0.01 0.01 0.01
3.NPLs to shareholders equity (C6/A) 0.06 0.01 0.00 0.01 0.02
4.NPLs write off to NPLs provisions (D4/C7) 0.78 1.38 0.97 1.42 1.76
5.Provision against NPL to NPLs (C7/C6) 0.98 1.14 1.27 0.94 0.48
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.14 0.44 1.02 0.66 0.71
2.Commitments & contingencies to total equity (E5/A) (t 0.01 0.00 0.00 0.00 0.00
3.Break up value per share (A/E1) 2.73 5.79 8.56 8.90 9.43
4.Total deposit to total equity (B3/A) (times) 5.57 1.84 0.68 1.11 1.01
J.Cash flow ratio
1.Cash generated from opration activities to profit after 0.38 -0.23 48.10 1.15 0.97

KHUSHHALIBANK LIMITED
Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 2,337,033 2,471,915 2,749,253 3,285,364 3,934,189
1.Share capital 1,705,000 1,705,000 1,705,000 1,705,000 1,705,001
2.Reserves 227,556 241,145 305,399 446,042 610,874
3.Un appropriated profit 404,477 525,770 738,854 1,134,322 1,618,314
4.Others 28,746 17,113 9,626 764 17,301
B.Total liabilities(B1 to B4) 5,855,701 7,464,588 10,530,778 13,406,306 22,744,856
1.Bills payable 31,406 27,758 24,296 63,102 42,081
2.Borrowings from financial institutions 3,957,627 3,009,836 2,746,106 3,729,877 5,890,397
3.Deposits and other accounts 1,677,012 4,040,647 7,132,919 8,682,473 15,583,727
4.Other/misc. liabilities 189,656 386,347 627,457 930,854 1,228,651
C.Total assets (C1 to C4 + C8 to C10) 8,221,480 9,953,616 13,289,657 16,692,434 26,696,346
1.Cash and balances with treasury banks 232,404 482,696 617,892 701,036 1,001,222
2.Balances with other banks 817,281 792,784 311,548 353,301 944,009
3.Lending to financial institutions 1,138,029 590,015 942,371 417,604 2,383,353
4.Investments 944,757 1,043,516 1,038,901 836,886 1,847,825
5.Gross advances 4,273,802 5,805,575 8,859,405 12,238,252 17,466,883
6.Advances-non-performing/classified 104,294 63,788 69,651 136,018 428,587
7.Provision against advances 106,689 88,544 102,510 132,413 220,352
8.Advances net of provision (C5-C7) 4,167,113 5,717,031 8,756,895 12,105,839 17,246,531
9.Fixed assets 201,173 312,592 275,184 322,920 548,979
10.Other/misc. assets 720,723 1,014,982 1,346,866 1,954,848 2,724,427
D.Profit & loss account
1.Markup/interest earned 1,308,322 1,499,355 2,278,273 3,129,490 4,406,622
2.Markup/interest expensed 285,788 353,449 615,348 809,557 1,219,287
3.Net markup/interest income 1,022,534 1,145,906 1,662,925 2,319,933 3,187,335
4.Provisions and write-offs 173,765 284,731 169,123 157,687 279,100
5.Net markup/interest income after provisions 848,769 861,175 1,493,802 2,162,246 2,908,235
6.Non-markup/interest income 376,275 585,324 583,894 694,697 716,439
7.Non-markup/interest expenses 1,128,930 1,326,714 1,539,744 1,914,533 2,442,693
8.Administrative expenses 1,119,949 1,320,130 1,522,834 1,889,932 2,315,284
9.Profit/(loss) before taxation 96,260 119,785 537,952 942,410 1,181,982
10.Profit/(loss) after taxation 151,564 167,940 363,198 703,212 824,165
E.Other items
1.No. of ordinary shares (000) 170,500 170,500 170,500 170,500 170,500
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (42,143) 903,134 298,527 (1,422,417) 2,035,233
5.Commitments and contigencies 11,566 49,231 52,673 32,720 49,205
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.78 0.76 0.73 0.74 0.72
2.Net markup/interest margin (D1-D2)/C 0.12 0.12 0.13 0.14 0.12
3.Return on equity (ROE) (D10/A) 0.06 0.07 0.13 0.21 0.21
4.Return on assets (ROA) (D10/C) 0.02 0.02 0.03 0.04 0.03
5.Non-markup/interest income to total assets (D6/C) 0.05 0.06 0.04 0.04 0.03
6.Net markup/interest income(after prov.) to total asset 0.10 0.09 0.11 0.13 0.11
7.Markup/interest expense to markup/interest income 0.22 0.24 0.27 0.26 0.28
8.Admin. expense to profit before tax. (D8/D9) (times) 11.63 11.02 2.83 2.01 1.96
9.Non-markup/interest expense to total income D7/(D1 0.67 0.64 0.54 0.50 0.48
10.Admin. expense to non-markup/interest income (D8/ 2.98 2.26 2.61 2.72 3.23
11.Earning per share (D10/E1) 0.89 0.98 2.13 4.12 4.83
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.13 0.13 0.07 0.06 0.07
2.Investment to total assets (C4/C) 0.11 0.10 0.08 0.05 0.07
3.Advances net of provisions to total assets (C8/C) 0.51 0.57 0.66 0.73 0.65
4.Deposits to total assets (B3/C) 0.20 0.41 0.54 0.52 0.58
5.Total liabilities to total assets (B/C) 0.71 0.75 0.79 0.80 0.85
6.Gross advances to deposits (C5/B3) 2.55 1.44 1.24 1.41 1.12
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.76 0.82 0.90 0.99 0.81
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.02 0.01 0.01 0.01 0.02
2.Provisions against NPLs to gross advances (C7/C5) 0.03 0.02 0.01 0.01 0.01
3.NPLs to shareholders equity (C6/A) 0.04 0.03 0.03 0.04 0.11
4.NPLs write off to NPLs provisions (D4/C7) 1.63 3.22 1.65 1.19 1.27
5.Provision against NPL to NPLs (C7/C6) 1.02 1.39 1.47 0.97 0.51
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.28 0.25 0.21 0.20 0.15
2.Commitments & contingencies to total equity (E5/A) (t 0.00 0.02 0.02 0.01 0.01
3.Break up value per share (A/E1) 13.71 14.50 16.12 19.27 23.07
4.Total deposit to total equity (B3/A) (times) 0.72 1.63 2.59 2.64 3.96
J.Cash flow ratio
1.Cash generated from opration activities to profit after -0.28 5.38 0.82 -2.02 2.47

MOBILINK MICROFINANCE BANK LTD.

Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 834,943 1,158,900 1,364,594 1,037,013 999,736
1.Share capital 840,000 1,000,000 1,000,000 1,451,754 1,451,754
2.Reserves 7,108 50,762 89,305 0 0
3.Un appropriated profit (12,165) 108,138 275,289 (414,741) (452,018)
4.Others 65,574 108,353 85,656 (683) 600
B.Total liabilities(B1 to B4) 3,198,776 5,066,259 8,344,012 1,504,516 3,890,220
1.Bills payable 0 0 0 0 0
2.Borrowings from financial institutions 2,446,687 3,063,922 4,457,250 0 0
3.Deposits and other accounts 632,545 1,830,958 3,618,714 1,287,919 3,197,311
4.Other/misc. liabilities 119,544 171,379 268,048 216,597 692,909
C.Total assets (C1 to C4 + C8 to C10) 4,099,293 6,333,512 9,794,262 2,540,846 4,890,556
1.Cash and balances with treasury banks 61,626 143,503 209,957 121,820 266,578
2.Balances with other banks 1,615,869 1,234,409 1,697,755 1,154,463 2,402,370
3.Lending to financial institutions 0 0 0 0 0
4.Investments 61,456 1,470,848 2,451,195 326,780 125,272
5.Gross advances 2,088,952 3,057,044 4,845,000 500,402 1,350,315
6.Advances-non-performing/classified 0 12,204 15,149 7 0
7.Provision against advances 20,868 35,991 54,644 2,590 7,758
8.Advances net of provision (C5-C7) 2,068,084 3,021,053 4,790,356 497,812 1,342,557
9.Fixed assets 214,302 243,245 244,171 220,961 289,235
10.Other/misc. assets 77,956 220,454 400,828 219,010 464,544
D.Profit & loss account
1.Markup/interest earned 478,692 941,712 1,402,013 224,924 353,308
2.Markup/interest expensed 261,360 495,658 617,778 30,188 54,711
3.Net markup/interest income 217,332 446,054 784,235 194,736 298,597
4.Provisions and write-offs 21,534 19,537 65,522 1,583 5,170
5.Net markup/interest income after provisions 195,798 426,516 718,714 193,153 293,427
6.Non-markup/interest income 194,680 248,229 375,977 1,404,855 531,145
7.Non-markup/interest expenses 353,789 526,715 757,019 1,746,912 1,018,240
8.Administrative expenses 337,549 526,715 757,019 574,320 1,018,142
9.Profit/(loss) before taxation 36,689 148,030 337,672 (148,904) (193,668)
10.Profit/(loss) after taxation 35,543 166,733 244,249 (107,054) (37,277)
E.Other items
1.No. of ordinary shares (000) 84,000 100,000 100,000 145,175 145,175
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (1,415,616) 898,144 1,461,279 218,396 1,340,928
5.Commitments and contigencies 0 0 0 30,009 4,559
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.45 0.47 0.56 0.87 0.85
2.Net markup/interest margin (D1-D2)/C 0.05 0.07 0.08 0.08 0.06
3.Return on equity (ROE) (D10/A) 0.04 0.14 0.18 -0.10 -0.04
4.Return on assets (ROA) (D10/C) 0.01 0.03 0.02 -0.04 -0.01
5.Non-markup/interest income to total assets (D6/C) 0.05 0.04 0.04 0.55 0.11
6.Net markup/interest income(after prov.) to total asset 0.05 0.07 0.07 0.08 0.06
7.Markup/interest expense to markup/interest income 0.55 0.53 0.44 0.13 0.15
8.Admin. expense to profit before tax. (D8/D9) (times) 9.20 3.56 2.24 -3.86 -5.26
9.Non-markup/interest expense to total income D7/(D1 0.53 0.44 0.43 1.07 1.15
10.Admin. expense to non-markup/interest income (D8/ 1.73 2.12 2.01 0.41 1.92
11.Earning per share (D10/E1) 0.42 1.67 2.44 -0.74 -0.26
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.41 0.22 0.19 0.50 0.55
2.Investment to total assets (C4/C) 0.02 0.23 0.25 0.13 0.03
3.Advances net of provisions to total assets (C8/C) 0.50 0.48 0.49 0.20 0.27
4.Deposits to total assets (B3/C) 0.15 0.29 0.37 0.51 0.65
5.Total liabilities to total assets (B/C) 0.78 0.80 0.85 0.59 0.80
6.Gross advances to deposits (C5/B3) 3.30 1.67 1.34 0.39 0.42
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.68 0.62 0.60 0.39 0.42
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.00 0.00 0.00 0.00 0.00
2.Provisions against NPLs to gross advances (C7/C5) 0.01 0.01 0.01 0.01 0.01
3.NPLs to shareholders equity (C6/A) 0.00 0.01 0.01 0.00 0.00
4.NPLs write off to NPLs provisions (D4/C7) 1.03 0.54 1.20 0.61 0.67
5.Provision against NPL to NPLs (C7/C6) - 2.95 3.61 370.00 -
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.20 0.18 0.14 0.41 0.20
2.Commitments & contingencies to total equity (E5/A) (t 0.00 0.00 0.00 0.03 0.00
3.Break up value per share (A/E1) 9.94 11.59 13.65 7.14 6.89
4.Total deposit to total equity (B3/A) (times) 0.76 1.58 2.65 1.24 3.20
J.Cash flow ratio
1.Cash generated from opration activities to profit after -39.83 5.39 5.98 -2.04 -35.97

NRSP MICROFINANCE BANK LTD.

Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 834,943 1,158,900 1,364,594 2,040,729 2,473,641
1.Share capital 840,000 1,000,000 1,000,000 1,498,372 1,498,372
2.Reserves 7,108 50,762 89,305 128,840 220,782
3.Un appropriated profit (12,165) 108,138 275,289 413,517 754,487
4.Others 65,574 108,353 85,656 85,375 70,860
B.Total liabilities(B1 to B4) 3,198,776 5,066,259 8,344,012 9,671,512 11,747,685
1.Bills payable 0 0 0 0 0
2.Borrowings from financial institutions 2,446,687 3,063,922 4,457,250 4,204,216 4,156,925
3.Deposits and other accounts 632,545 1,830,958 3,618,714 5,159,810 7,255,316
4.Other/misc. liabilities 119,544 171,379 268,048 307,486 335,444
C.Total assets (C1 to C4 + C8 to C10) 4,099,293 6,333,512 9,794,262 11,797,616 14,292,186
1.Cash and balances with treasury banks 61,626 143,503 209,957 308,723 472,108
2.Balances with other banks 1,615,869 1,234,409 1,697,755 1,686,938 1,752,698
3.Lending to financial institutions 0 0 0 0 0
4.Investments 61,456 1,470,848 2,451,195 3,971,191 2,151,133
5.Gross advances 2,088,952 3,057,044 4,845,000 5,192,071 9,085,508
6.Advances-non-performing/classified 0 12,204 15,149 51,109 14,520
7.Provision against advances 20,868 35,991 54,644 66,894 86,317
8.Advances net of provision (C5-C7) 2,068,084 3,021,053 4,790,356 5,125,177 8,999,191
9.Fixed assets 214,302 243,245 244,171 222,810 221,427
10.Other/misc. assets 77,956 220,454 400,828 482,777 695,629
D.Profit & loss account
1.Markup/interest earned 478,692 941,712 1,402,013 1,731,236 2,053,934
2.Markup/interest expensed 261,360 495,658 617,778 793,087 741,048
3.Net markup/interest income 217,332 446,054 784,235 938,149 1,312,886
4.Provisions and write-offs 21,534 19,537 65,522 62,231 142,489
5.Net markup/interest income after provisions 195,798 426,516 718,714 875,918 1,170,397
6.Non-markup/interest income 194,680 248,229 375,977 328,027 601,382
7.Non-markup/interest expenses 353,789 526,715 757,019 918,213 1,121,540
8.Administrative expenses 337,549 526,715 757,019 918,213 1,121,258
9.Profit/(loss) before taxation 36,689 148,030 337,672 285,732 650,238
10.Profit/(loss) after taxation 35,543 166,733 244,249 197,679 459,705
E.Other items
1.No. of ordinary shares (000) 84,000 100,000 100,000 149,837 149,837
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (1,415,616) 898,144 1,461,279 1,009,488 (1,626,614)
5.Commitments and contigencies 0 0 0 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.45 0.47 0.56 0.54 0.64
2.Net markup/interest margin (D1-D2)/C 0.05 0.07 0.08 0.08 0.09
3.Return on equity (ROE) (D10/A) 0.04 0.14 0.18 0.10 0.19
4.Return on assets (ROA) (D10/C) 0.01 0.03 0.02 0.02 0.03
5.Non-markup/interest income to total assets (D6/C) 0.05 0.04 0.04 0.03 0.04
6.Net markup/interest income(after prov.) to total asset 0.05 0.07 0.07 0.07 0.08
7.Markup/interest expense to markup/interest income 0.55 0.53 0.44 0.46 0.36
8.Admin. expense to profit before tax. (D8/D9) (times) 9.20 3.56 2.24 3.21 1.72
9.Non-markup/interest expense to total income D7/(D1 0.53 0.44 0.43 0.45 0.42
10.Admin. expense to non-markup/interest income (D8/ 1.73 2.12 2.01 2.80 1.86
11.Earning per share (D10/E1) 0.42 1.67 2.44 1.32 3.07
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.41 0.22 0.19 0.17 0.16
2.Investment to total assets (C4/C) 0.02 0.23 0.25 0.34 0.15
3.Advances net of provisions to total assets (C8/C) 0.50 0.48 0.49 0.43 0.63
4.Deposits to total assets (B3/C) 0.15 0.29 0.37 0.44 0.51
5.Total liabilities to total assets (B/C) 0.78 0.80 0.85 0.82 0.82
6.Gross advances to deposits (C5/B3) 3.30 1.67 1.34 1.01 1.25
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.68 0.62 0.60 0.55 0.80
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.00 0.00 0.00 0.01 0.00
2.Provisions against NPLs to gross advances (C7/C5) 0.01 0.01 0.01 0.01 0.01
3.NPLs to shareholders equity (C6/A) 0.00 0.01 0.01 0.03 0.01
4.NPLs write off to NPLs provisions (D4/C7) 1.03 0.54 1.20 0.93 1.65
5.Provision against NPL to NPLs (C7/C6) - 2.95 3.61 1.31 5.94
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.20 0.18 0.14 0.17 0.17
2.Commitments & contingencies to total equity (E5/A) (t 0.00 0.00 0.00 0.00 0.00
3.Break up value per share (A/E1) 9.94 11.59 13.65 13.62 16.51
4.Total deposit to total equity (B3/A) (times) 0.76 1.58 2.65 2.53 2.93
J.Cash flow ratio
1.Cash generated from opration activities to profit after -39.83 5.39 5.98 5.11 -3.54
PAK OMAN MICROFINANCE BANK LIMITED
Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 704,321 704,225 825,157 1,069,607 1,072,468
1.Share capital 751,820 751,820 901,820 1,151,820 1,151,820
2.Reserves 5,939 5,916 5,916 7,395 7,066
3.Un appropriated profit (53,438) (53,511) (82,579) (89,608) (86,418)
4.Others (4,428) (3,971) (6,386) (373) 1,993
B.Total liabilities(B1 to B4) 47,571 46,544 60,325 45,698 52,722
1.Bills payable 0 0 0 0 0
2.Borrowings from financial institutions 0 0 0 0 0
3.Deposits and other accounts 25,342 26,806 28,730 22,128 24,845
4.Other/misc. liabilities 22,229 19,738 31,595 23,570 27,877
C.Total assets (C1 to C4 + C8 to C10) 747,464 746,798 879,096 1,114,932 1,127,183
1.Cash and balances with treasury banks 3,138 2,303 2,583 1,946 1,752
2.Balances with other banks 15,894 14,733 12,220 5,997 22,164
3.Lending to financial institutions 453,819 445,747 575,747 732,747 545,926
4.Investments 58,529 80,629 73,325 79,087 105,195
5.Gross advances 123,909 140,083 139,267 223,832 369,038
6.Advances-non-performing/classified 6,253 9,304 10,687 3,523 32,589
7.Provision against advances 2,331 2,620 2,801 2,854 10,322
8.Advances net of provision (C5-C7) 121,578 137,463 136,466 220,978 358,716
9.Fixed assets 13,392 17,839 17,056 21,928 37,085
10.Other/misc. assets 81,114 48,084 61,699 52,249 56,345
D.Profit & loss account
1.Markup/interest earned 101,929 102,066 99,112 119,803 168,665
2.Markup/interest expensed 358 202 332 250 250
3.Net markup/interest income 101,571 101,864 98,780 119,553 168,415
4.Provisions and write-offs 5,198 6,114 30,973 3,021 18,032
5.Net markup/interest income after provisions 96,373 95,750 67,807 116,532 150,383
6.Non-markup/interest income 10,415 9,980 8,617 13,614 23,862
7.Non-markup/interest expenses 99,501 104,419 120,936 128,982 162,773
8.Administrative expenses 99,256 104,288 120,686 128,958 162,457
9.Profit/(loss) before taxation 7,287 (837) (44,512) 1,164 11,472
10.Profit/(loss) after taxation 5,065 (1,498) (28,489) (7,272) 5,748
E.Other items
1.No. of ordinary shares (000) 75,182 75,182 90,182 115,182 115,182
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (16,850) 25,041 (146,427) (249,721) 67,336
5.Commitments and contigencies 3,045 3,045 2,888 1,328 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 1.00 1.00 1.00 1.00 1.00
2.Net markup/interest margin (D1-D2)/C 0.14 0.14 0.11 0.11 0.15
3.Return on equity (ROE) (D10/A) 0.01 0.00 -0.03 -0.01 0.01
4.Return on assets (ROA) (D10/C) 0.01 0.00 -0.03 -0.01 0.01
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01 0.01 0.01 0.02
6.Net markup/interest income(after prov.) to total asset 0.13 0.13 0.08 0.10 0.13
7.Markup/interest expense to markup/interest income 0.00 0.00 0.00 0.00 0.00
8.Admin. expense to profit before tax. (D8/D9) (times) 13.62 -124.60 -2.71 110.79 14.16
9.Non-markup/interest expense to total income D7/(D1 0.89 0.93 1.12 0.97 0.85
10.Admin. expense to non-markup/interest income (D8/ 9.53 10.45 14.01 9.47 6.81
11.Earning per share (D10/E1) 0.07 -0.02 -0.32 -0.06 0.05
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.03 0.02 0.02 0.01 0.02
2.Investment to total assets (C4/C) 0.08 0.11 0.08 0.07 0.09
3.Advances net of provisions to total assets (C8/C) 0.16 0.18 0.16 0.20 0.32
4.Deposits to total assets (B3/C) 0.03 0.04 0.03 0.02 0.02
5.Total liabilities to total assets (B/C) 0.06 0.06 0.07 0.04 0.05
6.Gross advances to deposits (C5/B3) 4.89 5.23 4.85 10.12 14.85
7.Gross advances to borrowing & deposit C5/(B2+B3) 4.89 5.23 4.85 10.12 14.85
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.05 0.07 0.08 0.02 0.09
2.Provisions against NPLs to gross advances (C7/C5) 0.02 0.02 0.02 0.01 0.03
3.NPLs to shareholders equity (C6/A) 0.01 0.01 0.01 0.00 0.03
4.NPLs write off to NPLs provisions (D4/C7) 2.23 2.33 11.06 1.06 1.75
5.Provision against NPL to NPLs (C7/C6) 0.37 0.28 0.26 0.81 0.32
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.94 0.94 0.94 0.96 0.95
2.Commitments & contingencies to total equity (E5/A) (t 0.00 0.00 0.00 0.00 0.00
3.Break up value per share (A/E1) 9.37 9.37 9.15 9.29 9.31
4.Total deposit to total equity (B3/A) (times) 0.04 0.04 0.03 0.02 0.02
J.Cash flow ratio
1.Cash generated from opration activities to profit after -3.33 -16.72 5.14 34.34 11.71

SINDH MICROFINANCE BANK

Items Not available Not available Not available Not available 2015
A.Total equity (A1 to A3) 765,213
1.Share capital 750,000
2.Reserves 3,042
3.Un appropriated profit 12,171
4.Others 0
B.Total liabilities(B1 to B4) 2,430
1.Bills payable 0
2.Borrowings from financial institutions 0
3.Deposits and other accounts 0
4.Other/misc. liabilities 2,430
C.Total assets (C1 to C4 + C8 to C10) 767,643
1.Cash and balances with treasury banks 10
2.Balances with other banks 355,844
3.Lending to financial institutions 400,000
4.Investments 0
5.Gross advances 0
6.Advances-non-performing/classified 0
7.Provision against advances 0
8.Advances net of provision (C5-C7) 0
9.Fixed assets 2,524
10.Other/misc. assets 9,265
D.Profit & loss account
1.Markup/interest earned 38,502
2.Markup/interest expensed 0
3.Net markup/interest income 38,502
4.Provisions and write-offs 0
5.Net markup/interest income after provisions 38,502
6.Non-markup/interest income 0
7.Non-markup/interest expenses 15,096
8.Administrative expenses 15,096
9.Profit/(loss) before taxation 23,404
10.Profit/(loss) after taxation 15,213
E.Other items
1.No. of ordinary shares (000) 75,000
2.Cash dividend 0.00
3.Stock dividend/bonus shares 0.00
4.Cash generated from operating activities 8,673
5.Commitments and contigencies 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 1.00
2.Net markup/interest margin (D1-D2)/C 0.05
3.Return on equity (ROE) (D10/A) 0.02
4.Return on assets (ROA) (D10/C) 0.02
5.Non-markup/interest income to total assets (D6/C) 0.00
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.05
7.Markup/interest expense to markup/interest income (D2/D1) 0.00
8.Admin. expense to profit before tax. (D8/D9) (times) 0.65
9.Non-markup/interest expense to total income D7/(D1+D6) 0.39
10.Admin. expense to non-markup/interest income (D8/D6) (times) -
11.Earning per share (D10/E1) 0.20
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.46
2.Investment to total assets (C4/C) 0.00
3.Advances net of provisions to total assets (C8/C) 0.00
4.Deposits to total assets (B3/C) 0.00
5.Total liabilities to total assets (B/C) 0.00
6.Gross advances to deposits (C5/B3) -
7.Gross advances to borrowing & deposit C5/(B2+B3) -
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) -
2.Provisions against NPLs to gross advances (C7/C5) -
3.NPLs to shareholders equity (C6/A) 0.00
4.NPLs write off to NPLs provisions (D4/C7) -
5.Provision against NPL to NPLs (C7/C6) -
I.Capital /leverage ratios
1.Capital ratio (A/C) 1.00
2.Commitments & contingencies to total equity (E5/A) (times) 0.00
3.Break up value per share (A/E1) 10.20
4.Total deposit to total equity (B3/A) (times) 0.00
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 0.57

TELENOR MICROFINANCE BANK

Items Not available Not available Not available 2014 2015
A.Total equity (A1 to A3) 2,821,912 3,658,787
1.Share capital 1,346,939 1,346,939
2.Reserves 828,142 1,050,952
3.Un appropriated profit 646,831 1,260,896
4.Others 22,009 30,496
B.Total liabilities(B1 to B4) 13,549,372 17,368,840
1.Bills payable 0 0
2.Borrowings from financial institutions 239,211 85,474
3.Deposits and other accounts 12,261,354 15,678,541
4.Other/misc. liabilities 1,048,807 1,604,825
C.Total assets (C1 to C4 + C8 to C10) 16,393,293 21,058,123
1.Cash and balances with treasury banks 1,371,733 1,588,338
2.Balances with other banks 717,070 1,118,190
3.Lending to financial institutions 0 346,702
4.Investments 3,775,640 3,784,189
5.Gross advances 8,981,390 12,186,090
6.Advances-non-performing/classified 74,381 56,788
7.Provision against advances 39,631 60,462
8.Advances net of provision (C5-C7) 8,941,759 12,125,628
9.Fixed assets 556,761 645,474
10.Other/misc. assets 1,030,330 1,449,602
D.Profit & loss account
1.Markup/interest earned 3,054,770 3,503,342
2.Markup/interest expensed 766,186 662,922
3.Net markup/interest income 2,288,584 2,840,420
4.Provisions and write-offs 115,582 79,776
5.Net markup/interest income after provisions 2,173,002 2,760,644
6.Non-markup/interest income 1,294,235 1,594,058
7.Non-markup/interest expenses 2,446,748 3,072,408
8.Administrative expenses 2,425,400 3,045,569
9.Profit/(loss) before taxation 1,020,489 1,282,294
10.Profit/(loss) after taxation 708,493 851,740
E.Other items
1.No. of ordinary shares (000) 134,694 134,694
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities 1,814,795 682,078
5.Commitments and contigencies 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.75 0.81
2.Net markup/interest margin (D1-D2)/C 0.14 0.13
3.Return on equity (ROE) (D10/A) 0.25 0.23
4.Return on assets (ROA) (D10/C) 0.04 0.04
5.Non-markup/interest income to total assets (D6/C) 0.08 0.08
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.13 0.13
7.Markup/interest expense to markup/interest income (D2/D1) 0.25 0.19
8.Admin. expense to profit before tax. (D8/D9) (times) 2.38 2.38
9.Non-markup/interest expense to total income D7/(D1+D6) 0.56 0.60
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.87 1.91
11.Earning per share (D10/E1) 5.26 6.32
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.13 0.13
2.Investment to total assets (C4/C) 0.23 0.18
3.Advances net of provisions to total assets (C8/C) 0.55 0.58
4.Deposits to total assets (B3/C) 0.75 0.74
5.Total liabilities to total assets (B/C) 0.83 0.82
6.Gross advances to deposits (C5/B3) 0.73 0.78
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.72 0.77
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.01 0.00
2.Provisions against NPLs to gross advances (C7/C5) 0.00 0.01
3.NPLs to shareholders equity (C6/A) 0.03 0.02
4.NPLs write off to NPLs provisions (D4/C7) 2.92 1.32
5.Provision against NPL to NPLs (C7/C6) 0.53 1.06
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.17 0.17
2.Commitments & contingencies to total equity (E5/A) (times) 0.00 0.00
3.Break up value per share (A/E1) 20.95 27.16
4.Total deposit to total equity (B3/A) (times) 4.35 4.29
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 2.56 0.80

THE FIRST MICROFINANCE BANK LIMITED

Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 777,043 955,004 1,089,107 1,188,546 1,478,899
1.Share capital 1,111,501 1,351,501 1,351,501 1,351,501 1,351,501
2.Reserves 13,472 13,472 42,092 63,974 126,317
3.Un appropriated profit (347,930) (409,969) (304,486) (226,929) 1,081
4.Others 13,804 31,806 19,525 48,593 65,507
B.Total liabilities(B1 to B4) 6,187,130 7,276,788 8,405,410 9,437,591 10,642,931
1.Bills payable 35,783 22,805 20,743 28,328 0
2.Borrowings from financial institutions 0 383,404 296,042 289,880 645,576
3.Deposits and other accounts 5,919,718 6,570,628 7,814,981 8,749,901 9,661,088
4.Other/misc. liabilities 231,629 299,951 273,644 369,482 336,267
C.Total assets (C1 to C4 + C8 to C10) 6,977,978 8,263,598 9,514,042 10,674,730 12,187,337
1.Cash and balances with treasury banks 355,511 375,434 504,071 484,308 622,106
2.Balances with other banks 729,156 945,582 1,019,600 747,842 1,045,644
3.Lending to financial institutions 245,942 0 0 0 0
4.Investments 3,040,177 3,538,250 4,050,851 4,273,049 4,029,765
5.Gross advances 2,407,144 3,056,662 3,499,317 4,479,999 5,639,743
6.Advances-non-performing/classified 68,770 45,397 31,362 37,104 89,091
7.Provision against advances 238,110 84,932 48,899 63,308 114,131
8.Advances net of provision (C5-C7) 2,169,034 2,971,730 3,450,418 4,416,691 5,525,612
9.Fixed assets 127,435 130,120 141,607 205,717 382,967
10.Other/misc. assets 310,723 302,482 347,495 547,123 581,243
D.Profit & loss account
1.Markup/interest earned 1,157,046 1,255,914 1,430,006 1,655,588 1,972,947
2.Markup/interest expensed 502,257 530,035 518,283 590,199 595,485
3.Net markup/interest income 654,789 725,879 911,723 1,065,389 1,377,462
4.Provisions and write-offs 123,526 109,813 59,277 109,972 72,822
5.Net markup/interest income after provisions 531,263 616,066 852,446 955,417 1,304,640
6.Non-markup/interest income 100,842 104,919 98,489 124,301 132,472
7.Non-markup/interest expenses 712,980 774,688 839,158 979,539 1,052,103
8.Administrative expenses 710,341 773,012 833,981 976,722 1,050,301
9.Profit/(loss) before taxation (80,875) (53,702) 111,777 100,179 385,009
10.Profit/(loss) after taxation (93,396) (63,406) 143,099 109,411 311,715
E.Other items
1.No. of ordinary shares (000) 111,150 135,150 135,150 135,150 135,150
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 52,473 235,251 630,817 (185,149) 316,614
5.Commitments and contigencies 260,422 400,000 300,000 0 0
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.57 0.58 0.64 0.64 0.70
2.Net markup/interest margin (D1-D2)/C 0.09 0.09 0.10 0.10 0.11
3.Return on equity (ROE) (D10/A) -0.12 -0.07 0.13 0.09 0.21
4.Return on assets (ROA) (D10/C) -0.01 -0.01 0.02 0.01 0.03
5.Non-markup/interest income to total assets (D6/C) 0.01 0.01 0.01 0.01 0.01
6.Net markup/interest income(after prov.) to total asset 0.08 0.07 0.09 0.09 0.11
7.Markup/interest expense to markup/interest income 0.43 0.42 0.36 0.36 0.30
8.Admin. expense to profit before tax. (D8/D9) (times) -8.78 -14.39 7.46 9.75 2.73
9.Non-markup/interest expense to total income D7/(D1 0.57 0.57 0.55 0.55 0.50
10.Admin. expense to non-markup/interest income (D8/ 7.04 7.37 8.47 7.86 7.93
11.Earning per share (D10/E1) -0.84 -0.47 1.06 0.81 2.31
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.16 0.16 0.16 0.12 0.14
2.Investment to total assets (C4/C) 0.44 0.43 0.43 0.40 0.33
3.Advances net of provisions to total assets (C8/C) 0.31 0.36 0.36 0.41 0.45
4.Deposits to total assets (B3/C) 0.85 0.80 0.82 0.82 0.79
5.Total liabilities to total assets (B/C) 0.89 0.88 0.88 0.88 0.87
6.Gross advances to deposits (C5/B3) 0.41 0.47 0.45 0.51 0.58
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.41 0.44 0.43 0.50 0.55
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 0.03 0.01 0.01 0.01 0.02
2.Provisions against NPLs to gross advances (C7/C5) 0.10 0.03 0.01 0.01 0.02
3.NPLs to shareholders equity (C6/A) 0.09 0.05 0.03 0.03 0.06
4.NPLs write off to NPLs provisions (D4/C7) 0.52 1.29 1.21 1.74 0.64
5.Provision against NPL to NPLs (C7/C6) 3.46 1.87 1.56 1.71 1.28
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.11 0.12 0.11 0.11 0.12
2.Commitments & contingencies to total equity (E5/A) (t 0.34 0.42 0.28 0.00 0.00
3.Break up value per share (A/E1) 6.99 7.07 8.06 8.79 10.94
4.Total deposit to total equity (B3/A) (times) 7.62 6.88 7.18 7.36 6.53
J.Cash flow ratio
1.Cash generated from opration activities to profit after -0.56 -3.71 4.41 -1.69 1.02

U MICROFINANCE BANK LTD.

Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 126,841 1,109,593 1,064,531 967,566 1,074,765
1.Share capital 185,714 1,185,714 1,185,714 1,185,714 1,285,714
2.Reserves 2,042 2,042 2,042 2,042 4,049
3.Un appropriated profit (60,915) (78,163) (123,225) (220,190) (214,998)
4.Others (25,714) (25,714) (25,714) (10,817) (26,710)
B.Total liabilities(B1 to B4) 9,486 29,204 342,693 875,260 1,222,867
1.Bills payable 623 122 130 16,369 7,125
2.Borrowings from financial institutions 0 0 0 0 0
3.Deposits and other accounts 7,091 5,574 205,178 702,579 1,065,316
4.Other/misc. liabilities 1,772 23,508 137,385 156,312 150,426
C.Total assets (C1 to C4 + C8 to C10) 110,613 1,113,083 1,381,510 1,832,009 2,270,922
1.Cash and balances with treasury banks 1,028 847 25,740 74,143 136,676
2.Balances with other banks 1,113 1,043,051 704,613 452,986 555,408
3.Lending to financial institutions 0 0 0 0 0
4.Investments 99,515 4,937 294,736 517,956 180,483
5.Gross advances 2,275 763 41,381 346,493 919,381
6.Advances-non-performing/classified 2,274 638 22 267 4,230
7.Provision against advances 99 319 342 2,365 6,480
8.Advances net of provision (C5-C7) 2,176 444 41,039 344,128 912,901
9.Fixed assets 535 50,333 198,884 220,570 222,413
10.Other/misc. assets 6,246 13,471 116,498 222,226 263,041
D.Profit & loss account
1.Markup/interest earned 12,236 14,079 97,194 144,578 236,598
2.Markup/interest expensed 593 452 1,305 16,533 53,890
3.Net markup/interest income 11,643 13,627 95,889 128,045 182,708
4.Provisions and write-offs 81 515 363 2,046 4,957
5.Net markup/interest income after provisions 11,562 13,112 95,526 125,999 177,751
6.Non-markup/interest income 4,084 1,618 20,074 136,281 320,954
7.Non-markup/interest expenses 7,356 31,837 218,388 398,915 468,786
8.Administrative expenses 7,254 31,837 218,388 398,322 468,366
9.Profit/(loss) before taxation 8,290 (17,107) (102,788) (136,636) 29,919
10.Profit/(loss) after taxation 8,167 (17,248) (45,062) (96,965) 8,030
E.Other items
1.No. of ordinary shares (000) 18,571 118,571 118,571 118,571 128,571
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (9,260) (2,534) 145,435 64,301 (180,820)
5.Commitments and contigencies 0 73,951 38,774 52,385 12,199
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.95 0.97 0.99 0.89 0.77
2.Net markup/interest margin (D1-D2)/C 0.11 0.01 0.07 0.07 0.08
3.Return on equity (ROE) (D10/A) 0.06 -0.02 -0.04 -0.10 0.01
4.Return on assets (ROA) (D10/C) 0.07 -0.02 -0.03 -0.05 0.00
5.Non-markup/interest income to total assets (D6/C) 0.04 0.00 0.01 0.07 0.14
6.Net markup/interest income(after prov.) to total asset 0.10 0.01 0.07 0.07 0.08
7.Markup/interest expense to markup/interest income 0.05 0.03 0.01 0.11 0.23
8.Admin. expense to profit before tax. (D8/D9) (times) 0.88 -1.86 -2.12 -2.92 15.65
9.Non-markup/interest expense to total income D7/(D1 0.45 2.03 1.86 1.42 0.84
10.Admin. expense to non-markup/interest income (D8/ 1.78 19.68 10.88 2.92 1.46
11.Earning per share (D10/E1) 0.44 -0.15 -0.38 -0.82 0.06
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.02 0.94 0.53 0.29 0.30
2.Investment to total assets (C4/C) 0.90 0.00 0.21 0.28 0.08
3.Advances net of provisions to total assets (C8/C) 0.02 0.00 0.03 0.19 0.40
4.Deposits to total assets (B3/C) 0.06 0.01 0.15 0.38 0.47
5.Total liabilities to total assets (B/C) 0.09 0.03 0.25 0.48 0.54
6.Gross advances to deposits (C5/B3) 0.32 0.14 0.20 0.49 0.86
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.32 0.14 0.20 0.49 0.86
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) 1.00 0.84 0.00 0.00 0.00
2.Provisions against NPLs to gross advances (C7/C5) 0.04 0.42 0.01 0.01 0.01
3.NPLs to shareholders equity (C6/A) 0.02 0.00 0.00 0.00 0.00
4.NPLs write off to NPLs provisions (D4/C7) 0.82 1.61 1.06 0.87 0.77
5.Provision against NPL to NPLs (C7/C6) 0.04 0.50 15.55 8.86 1.53
I.Capital /leverage ratios
1.Capital ratio (A/C) 1.15 1.00 0.77 0.53 0.47
2.Commitments & contingencies to total equity (E5/A) (t 0.00 0.07 0.04 0.05 0.01
3.Break up value per share (A/E1) 6.83 9.36 8.98 8.16 8.36
4.Total deposit to total equity (B3/A) (times) 0.06 0.01 0.19 0.73 0.99
J.Cash flow ratio
1.Cash generated from opration activities to profit after -1.13 0.15 -3.23 -0.66 -22.52

WASEELA MICROFINANCE BANK LTD. (Thousand Rupees)

Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) 1,080,971 1,045,777 829,817 1,037,013 999,736
1.Share capital 1,137,504 1,137,504 1,137,504 1,451,754 1,451,754
2.Reserves 0 0 0 0 0
3.Un appropriated profit (56,533) (91,727) (307,687) (414,741) (452,018)
4.Others 0 904 314,228 (683) 600
B.Total liabilities(B1 to B4) 15,520 134,216 769,353 1,504,516 3,894,790
1.Bills payable 0 0 0 0 0
2.Borrowings from financial institutions 0 0 0 0 0
3.Deposits and other accounts 0 112,151 645,369 1,287,919 3,197,311
4.Other/misc. liabilities 15,520 22,065 123,984 216,597 697,479
C.Total assets (C1 to C4 + C8 to C10) 1,096,491 1,180,897 1,913,398 2,540,846 4,895,126
1.Cash and balances with treasury banks 0 9,771 73,019 121,820 266,578
2.Balances with other banks 1,024,734 120,587 1,001,763 1,154,463 2,402,370
3.Lending to financial institutions 0 0 0 0 0
4.Investments 0 915,411 409,517 326,780 125,272
5.Gross advances 0 648 178,328 500,402 1,350,315
6.Advances-non-performing/classified 0 0 0 7 0
7.Provision against advances 0 6 1,007 2,590 7,758
8.Advances net of provision (C5-C7) 0 642 177,321 497,812 1,342,557
9.Fixed assets 63,684 110,379 180,221 220,961 289,235
10.Other/misc. assets 8,073 24,107 71,557 219,010 469,114
D.Profit & loss account
1.Markup/interest earned 11,790 109,620 130,069 224,924 353,308
2.Markup/interest expensed 6,670 1,252 11,966 30,188 54,711
3.Net markup/interest income 5,120 108,368 118,102 194,736 298,597
4.Provisions and write-offs 0 6 1,001 1,583 5,170
5.Net markup/interest income after provisions 5,120 108,362 117,102 193,153 293,427
6.Non-markup/interest income 0 1,311 188,009 1,404,855 2,651,072
7.Non-markup/interest expenses 61,535 144,312 517,890 1,746,912 3,138,167
8.Administrative expenses 61,535 143,538 352,234 574,320 1,018,142
9.Profit/(loss) before taxation (56,415) (34,640) (212,779) (148,904) (193,668)
10.Profit/(loss) after taxation (56,533) (35,194) (215,960) (107,054) (37,277)
E.Other items
1.No. of ordinary shares (000) 113,750 113,750 113,750 145,175 145,175
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (45,650) 85,578 234,751 218,396 1,340,928
5.Commitments and contigencies 0 3,305 0 30,009 4,559
F.Efficiency ratios/profitability ratios
1.Spread (D3/D1) 0.43 0.99 0.91 0.87 0.85
2.Net markup/interest margin (D1-D2)/C 0.00 0.09 0.06 0.08 0.06
3.Return on equity (ROE) (D10/A) -0.05 -0.03 -0.26 -0.10 -0.04
4.Return on assets (ROA) (D10/C) -0.05 -0.03 -0.11 -0.04 -0.01
5.Non-markup/interest income to total assets (D6/C) 0.00 0.00 0.10 0.55 0.54
6.Net markup/interest income(after prov.) to total asset 0.00 0.09 0.06 0.08 0.06
7.Markup/interest expense to markup/interest income 0.57 0.01 0.09 0.13 0.15
8.Admin. expense to profit before tax. (D8/D9) (times) -1.09 -4.14 -1.66 -3.86 -5.26
9.Non-markup/interest expense to total income D7/(D1 5.22 1.30 1.63 1.07 1.04
10.Admin. expense to non-markup/interest income (D8/ - 109.49 1.87 0.41 0.38
11.Earning per share (D10/E1) -0.50 -0.31 -1.90 -0.74 -0.26
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.93 0.11 0.56 0.50 0.55
2.Investment to total assets (C4/C) 0.00 0.78 0.21 0.13 0.03
3.Advances net of provisions to total assets (C8/C) 0.00 0.00 0.09 0.20 0.27
4.Deposits to total assets (B3/C) 0.00 0.10 0.34 0.51 0.65
5.Total liabilities to total assets (B/C) 0.01 0.11 0.40 0.59 0.80
6.Gross advances to deposits (C5/B3) - 0.01 0.28 0.39 0.42
7.Gross advances to borrowing & deposit C5/(B2+B3) - 0.01 0.28 0.39 0.42
H.Assets quality ratios
1.Non-performing loan to gross advances (C6/C5) - 0.00 0.00 0.00 0.00
2.Provisions against NPLs to gross advances (C7/C5) - 0.01 0.01 0.01 0.01
3.NPLs to shareholders equity (C6/A) 0.00 0.00 0.00 0.00 0.00
4.NPLs write off to NPLs provisions (D4/C7) - 1.00 0.99 0.61 0.67
5.Provision against NPL to NPLs (C7/C6) - - - 370.00 -
I.Capital /leverage ratios
1.Capital ratio (A/C) 0.99 0.89 0.43 0.41 0.20
2.Commitments & contingencies to total equity (E5/A) (t 0.00 0.00 0.00 0.03 0.00
3.Break up value per share (A/E1) 9.50 9.19 7.30 7.14 6.89
4.Total deposit to total equity (B3/A) (times) 0.00 0.11 0.78 1.24 3.20
J.Cash flow ratio
1.Cash generated from opration activities to profit after 0.81 -2.43 -1.09 -2.04 -35.97
 (Thousand Rupees)
2016 2017 2018
28,125,443 35,872,132 50,874,057
21,443,298 24,477,784 27,678,113
2,977,973 4,126,727 14,570,204
3,704,172 7,267,621 8,625,740
(3,610,302) (3,463,477) (2,901,342)
145,615,827 215,106,548 278,539,757
110,670 136,194 141,654
13,728,881 13,017,323 17,011,065
120,173,249 185,909,900 238,556,412
11,603,027 16,043,131 22,830,626
170,130,968 247,515,203 326,512,472
9,534,721 12,224,551 16,246,986
23,705,997 26,690,384 43,464,211
2,151,981 4,292,591 9,833,315
30,964,763 44,674,356 37,008,966
89,637,080 136,663,986 189,658,351
2,279,323 2,459,310 5,105,742
1,894,075 2,537,140 4,509,407
87,743,005 134,126,846 185,148,944
5,142,024 7,256,382 10,805,498
10,888,477 18,250,093 24,004,552

23,150,854 35,657,987 50,401,036

6,749,847 11,298,551 15,845,443
16,401,007 24,359,436 34,555,591
2,168,562 1,949,653 4,526,916
14,232,445 22,409,783 30,028,672
5,283,756 12,897,011 13,725,984
14,720,318 27,590,761 36,248,542
14,602,859 27,272,924 25,848,779
4,795,884 7,716,038 7,506,113
3,180,677 5,292,818 3,892,955

2,126,929 2,398,762 2,882,921

N/A N/A N/A
N/A N/A N/A
27,949,865 18,399,378 804,447
103,140 286,493 201,377

0.71 0.68 0.69

0.10 0.10 0.11
0.11 0.15 0.08
0.02 0.02 0.01
0.03 0.05 0.04
0.08 0.09 0.09
 0.29 0.32 0.31
3.04 3.53 3.44
0.52 0.57 0.57
2.76 2.11 1.88
1.50 2.21 1.35

0.20 0.16 0.18

0.18 0.18 0.11
0.52 0.54 0.57
0.71 0.75 0.73
0.86 0.87 0.85
0.75 0.74 0.80
0.67 0.69 0.74

0.03 0.02 0.03

0.02 0.02 0.02
0.08 0.07 0.10
1.14 0.77 1.00
0.83 1.03 0.88

0.17 0.14 0.16

0.00 0.01 0.00
13.22 14.95 17.65
4.27 5.18 4.69

8.79 3.48 0.21

(Thousand Rupees)
2016 2017 2018
437,757 624,542 510,334
974,000 1,290,163 1,290,163
0 0 0
(536,243) (665,621) (779,829)
177,418 5,617 1,149
69,281 372,942 785,118
0 0 0
0 0 100,000
21,469 301,626 552,311
47,812 71,316 132,807
684,456 1,003,101 1,296,601
12,248 187,332 101,999
307,173 134,834 28,247
0 0 0
59,117 0 0
212,109 567,783 998,490
5,577 12,419 28,394
4,511 9,166 20,460
 207,598 558,617 978,030
57,375 56,399 97,995
40,945 65,919 90,330

79,112 146,175 316,800

830 7,909 51,338
78,282 138,266 265,462
12,772 11,319 33,603
65,510 126,947 231,859
23,642 41,355 56,783
246,614 302,789 402,105
243,716 295,896 390,978
(157,462) (134,486) (113,462)
(205,887) (129,378) (114,209)

80,000 80,000 129,016

0.00 0.00 0.00
0.00 0.00 0.00
(168,668) (181,792) (127,013)
0 0 0

0.99 0.95 0.84

0.11 0.14 0.20
-0.47 -0.21 -0.22
-0.30 -0.13 -0.09
0.03 0.04 0.04
0.10 0.13 0.18
0.01 0.05 0.16
-1.55 -2.20 -3.45
2.40 1.61 1.08
10.31 7.16 6.89
-2.57 -1.62 -0.89

0.47 0.32 0.10

0.09 0.00 0.00
0.30 0.56 0.75
0.03 0.30 0.43
0.10 0.37 0.61
9.88 1.88 1.81
9.88 1.88 1.53

0.03 0.02 0.03

0.02 0.02 0.02
0.01 0.02 0.06
2.83 1.23 1.64
0.81 0.74 0.72
 0.64 0.62 0.39
0.00 0.00 0.00
5.47 7.81 3.96
0.05 0.48 1.08

0.82 1.41 1.11

(Thousand Rupees)
2016 2017 2018
1,244,270 1,464,759 1,515,358
2,200,000 2,500,000 2,500,000
1,279 1,279 11,932
(957,009) (1,036,520) (996,574)
(537,071) (444,346) (41,612)
12,846,804 12,963,177 16,149,301
0 0 0
204,002 202,285 9,369
12,347,071 12,528,727 15,866,331
295,731 232,165 273,601
13,554,003 13,983,590 17,623,047
1,028,052 1,202,270 1,585,616
4,280,247 4,048,779 2,910,831
0 0 0
605,409 658,483 884,469
6,397,188 5,983,811 10,087,136
1,484,012 1,315,627 1,309,014
913,163 757,264 921,396
5,484,025 5,226,547 9,165,740
821,090 881,491 857,383
1,335,180 1,966,020 2,219,008

1,441,502 1,577,980 2,157,835

671,551 703,944 800,799
769,951 874,036 1,357,036
845,921 (131,198) (62,826)
(75,970) 1,005,234 1,419,863
112,898 115,062 276,284
1,134,506 1,308,599 1,595,647
1,107,253 1,308,599 1,595,647
(1,097,578) (188,302) 100,500
(735,524) (79,511) 53,261

220,000 250,000 250,000

0.00 0.00 0.00
0.00 0.00 0.00
3,593,023 (271,022) (679,158)
0 0 0
 0.53 0.55 0.63
0.06 0.06 0.08
-0.59 -0.05 0.04
-0.05 -0.01 0.00
0.01 0.01 0.02
-0.01 0.07 0.08
0.47 0.45 0.37
-1.01 -6.95 15.88
0.73 0.77 0.66
9.81 11.37 5.78
-3.34 -0.32 0.21

0.39 0.38 0.26

0.04 0.05 0.05
0.40 0.37 0.52
0.91 0.90 0.90
0.95 0.93 0.92
0.52 0.48 0.64
0.51 0.47 0.64

0.23 0.22 0.13

0.14 0.13 0.09
1.19 0.90 0.86
0.93 -0.17 -0.07
0.62 0.58 0.70

0.09 0.10 0.09

0.00 0.00 0.00
5.66 5.86 6.06
9.92 8.55 10.47

-4.88 3.41 -12.75

(Thousand Rupees)
2016 2017 2018
6,458,395 7,267,668 7,968,028
6,348,887 6,348,887 6,348,887
195,022 365,982 557,278
(85,514) 552,799 1,061,863
(4,025,842) (3,984,436) (3,935,640)
13,185,412 21,858,654 28,247,372
14,625 81,872 61,356
1,350,002 1,668,982 3,318,501
11,069,656 19,183,926 23,741,812
751,129 923,874 1,125,703
15,617,965 25,141,886 32,279,760
 809,675 976,429 1,639,249
1,248,485 1,556,695 2,489,462
0 0 0
1,885,329 5,209,160 3,827,477
10,209,128 15,110,644 20,868,935
114,977 224,155 392,188
126,864 247,303 288,406
10,082,264 14,863,341 20,580,529
920,847 1,220,666 1,748,345
671,365 1,315,595 1,994,698

2,986,050 4,808,929 6,531,286

647,593 1,256,381 1,828,404
2,338,457 3,552,548 4,702,881
219,211 406,595 434,916
2,119,246 3,145,953 4,267,965
549,776 693,478 801,885
1,681,427 2,461,178 3,489,903
1,669,761 2,437,692 3,453,480
987,595 1,378,254 1,579,947
630,896 854,798 956,480

634,889 634,889 750,000

0.00 0.00 0.00
0.00 0.00 0.00
2,371,848 1,870,197 620,034
0 0 0

0.78 0.74 0.72

0.15 0.14 0.15
0.10 0.12 0.12
0.04 0.03 0.03
0.04 0.03 0.02
0.14 0.13 0.13
0.22 0.26 0.28
1.69 1.77 2.19
0.48 0.45 0.48
3.04 3.52 4.31
0.99 1.35 1.28

0.13 0.10 0.13

0.12 0.21 0.12
0.65 0.59 0.64
0.71 0.76 0.74
0.84 0.87 0.88
0.92 0.79 0.88
0.82 0.72 0.77
 0.01 0.01 0.02
0.01 0.02 0.01
0.02 0.03 0.05
1.73 1.64 1.51
1.10 1.10 0.74

0.41 0.29 0.25

0.00 0.00 0.00
10.17 11.45 10.62
1.71 2.64 2.98

3.76 2.19 0.65

(Thousand Rupees)
2016 2017 2018
4,937,238 6,354,266 8,198,502
1,705,001 1,705,001 1,705,000
865,421 1,225,534 1,717,290
2,366,816 3,423,731 4,776,212
(141) 1,509 948
28,836,382 52,605,428 62,272,502
78,396 0 0
6,199,882 4,782,681 2,964,872
21,179,403 45,746,861 56,017,988
1,378,701 2,075,886 3,289,642
33,773,479 58,961,203 70,471,952
1,300,650 1,664,251 1,792,737
1,387,702 2,399,132 7,498,358
1,544,066 474,532 1,837,749
2,967,965 16,297,590 8,915,710
23,308,981 32,813,744 44,095,601
422,134 381,553 627,831
369,450 597,752 721,299
22,939,531 32,215,992 43,374,302
719,730 1,141,596 1,353,528
2,913,835 4,768,110 5,699,568

5,926,210 8,740,750 11,926,025

1,807,109 2,995,881 4,590,105
4,119,101 5,744,869 7,335,920
684,807 712,645 778,230
3,434,294 5,032,224 6,557,690
1,118,659 1,339,898 1,638,551
2,773,871 3,883,141 4,725,916
2,775,914 3,857,042 4,706,553
1,779,082 2,488,981 3,470,325
1,272,734 1,800,565 2,458,786

170,500 170,500 170,500

0.00 0.00 0.00
0.00 0.00 0.00
1,047,563 15,694,279 549,262
25,216 0 0

0.70 0.66 0.62

0.12 0.10 0.10
0.26 0.28 0.30
0.04 0.03 0.03
0.03 0.02 0.02
0.10 0.09 0.09
0.30 0.34 0.38
1.56 1.55 1.36
0.39 0.39 0.35
2.48 2.88 2.87
7.46 10.56 14.42

0.08 0.07 0.13

0.09 0.28 0.13
0.68 0.55 0.62
0.63 0.78 0.79
0.85 0.89 0.88
1.10 0.72 0.79
0.85 0.65 0.75

0.02 0.01 0.01

0.02 0.02 0.02
0.09 0.06 0.08
1.85 1.19 1.08
0.88 1.57 1.15

0.15 0.11 0.12

0.01 0.00 0.00
28.96 37.27 48.09
4.29 7.20 6.83

0.82 8.72 0.22

(Thousand Rupees)
2016 2017 2018
1,218,956 3,062,142 3,835,587
1,451,754 2,713,597 2,713,597
46,152 168,570 332,174
(278,950) 179,975 789,816
 11,538 42,493 128,227
13,003,363 17,476,241 24,150,880
0 0 0
0 0 0
10,306,362 14,943,057 22,091,486
2,697,001 2,533,184 2,059,394
14,233,857 20,580,876 28,114,694
747,930 1,071,464 2,134,916
4,742,891 3,047,343 5,162,381
0 0 0
1,495,053 4,527,807 5,408,582
5,933,962 10,002,318 12,713,805
2,323 31,232 161,859
75,138 182,972 285,428
5,858,824 9,819,346 12,428,377
388,448 462,744 729,542
1,000,711 1,652,172 2,250,896

1,241,070 2,616,677 3,356,863

255,330 510,086 389,543
985,740 2,106,591 2,967,320
67,611 115,701 197,192
918,129 1,990,890 2,770,127
599,661 541,249 513,589
1,182,955 1,651,540 2,062,915
1,179,326 1,648,857 2,058,286
334,835 880,599 1,220,801
230,758 612,089 818,021

145,175 271,360 271,359

0.00 0.00 0.00
0.00 0.00 0.00
4,410,284 632,583 4,363,261
0 172,627 130,791

0.79 0.81 0.88

0.07 0.10 0.11
0.19 0.20 0.21
0.02 0.03 0.03
0.04 0.03 0.02
0.06 0.10 0.10
0.21 0.19 0.12
3.52 1.87 1.69
0.64 0.52 0.53
1.97 3.05 4.01
1.59 2.26 3.01
 0.39 0.20 0.26
0.11 0.22 0.19
0.41 0.48 0.44
0.72 0.73 0.79
0.91 0.85 0.86
0.58 0.67 0.58
0.58 0.67 0.58

0.00 0.00 0.01

0.01 0.02 0.02
0.00 0.01 0.04
0.90 0.63 0.69
32.35 5.86 1.76

0.09 0.15 0.14

0.00 0.06 0.03
8.40 11.28 14.13
8.46 4.88 5.76

19.11 1.03 5.33

(Thousand Rupees)
2016 2017 2018
3,106,336 3,869,522 4,417,174
1,498,372 1,498,372 1,498,372
357,739 522,034 640,217
1,250,225 1,849,116 2,278,585
97,393 144,388 190,583
23,248,698 29,575,599 33,742,828
0 0 0
4,677,175 3,293,888 4,531,800
16,922,084 23,671,820 26,263,175
1,649,439 2,609,891 2,947,853
26,452,427 33,589,509 38,350,585
1,199,469 1,642,950 1,120,908
4,067,413 5,223,370 3,699,044
0 0 2,522,202
6,109,061 2,696,483 3,458,697
13,271,040 20,934,194 23,777,633
48,060 69,041 646,269
144,309 228,385 466,511
13,126,731 20,705,809 23,311,122
353,177 533,617 1,008,607
1,596,576 2,787,280 3,230,005

3,221,206 4,976,177 6,331,528

1,239,768 2,038,967 2,226,359
1,981,438 2,937,210 4,105,168
155,329 387,510 1,154,856
1,826,109 2,549,700 2,950,312
693,344 871,122 833,261
1,558,954 2,315,149 2,885,022
1,558,766 2,313,916 2,881,731
960,499 1,105,674 898,550
684,787 821,474 590,916

149,837 149,837 149,837

0.00 0.00 0.00
0.00 0.00 0.00
3,062,825 2,556,227 (242,194)
0 0 0

0.62 0.59 0.65

0.07 0.09 0.11
0.22 0.21 0.13
0.03 0.02 0.02
0.03 0.03 0.02
0.07 0.08 0.08
0.38 0.41 0.35
1.62 2.09 3.21
0.40 0.40 0.40
2.25 2.66 3.46
4.57 5.48 3.94

0.20 0.20 0.13

0.23 0.08 0.09
0.50 0.62 0.61
0.64 0.70 0.68
0.88 0.88 0.88
0.78 0.88 0.91
0.61 0.78 0.77

0.00 0.00 0.03

0.01 0.01 0.02
0.02 0.02 0.15
1.08 1.70 2.48
3.00 3.31 0.72

0.12 0.12 0.12

0.00 0.00 0.00
20.73 25.82 29.48
5.45 6.12 5.95

4.47 3.11 -0.41

 (Thousand Rupees)
2016 2017 2018
1,069,551 2,253,153 2,307,421
1,151,820 2,308,300 2,308,300
8,363 14,275 26,320
(90,632) (69,422) (27,199)
2,792 57,635 58,915
188,154 80,902 123,211
0 0 0
0 0 0
148,895 9,033 6,784
39,259 71,869 116,427
1,260,497 2,391,690 2,489,547
7,997 4,177 3,751
28,527 320,086 491,356
184,700 450,000 0
516,913 797,010 630,622
439,275 703,493 1,257,189
21,960 24,818 103,716
10,797 15,367 48,548
428,478 688,126 1,208,641
32,960 30,958 52,318
60,922 101,333 102,859

176,541 243,495 439,075

4,977 9,391 49
171,564 234,104 439,026
18,560 24,299 89,138
153,004 209,805 349,887
42,998 47,045 69,162
181,233 213,106 318,476
181,647 21,306 318,702
14,770 43,744 100,572
6,486 29,562 60,227

115,182 230,830 230,830

0.00 0.00 0.00
0.00 0.00 0.00
438,558 (632,477) 30,440
0 0 0

0.97 0.96 1.00

0.14 0.10 0.18
0.01 0.01 0.03
0.01 0.01 0.02
0.03 0.02 0.03
 0.12 0.09 0.14
0.03 0.04 0.00
12.30 0.49 3.17
0.83 0.73 0.63
4.22 0.45 4.61
0.06 0.13 0.26

0.03 0.14 0.20

0.41 0.33 0.25
0.34 0.29 0.49
0.12 0.00 0.00
0.15 0.03 0.05
2.95 77.88 185.32
2.95 77.88 185.32

0.05 0.04 0.08

0.02 0.02 0.04
0.02 0.01 0.04
1.72 1.58 1.84
0.49 0.62 0.47

0.85 0.94 0.93

0.00 0.00 0.00
9.29 9.76 10.00
0.14 0.00 0.00

67.62 -21.39 0.51

(Thousand Rupees)
2016 2017 2018
776,290 796,929 833,108
750,000 750,000 750,000
5,535 9,880 17,496
20,755 37,049 65,612
1,384 2,470 4,374
3,019 4,507 165,971
0 0 0
0 0 76,523
1,139 1,373 77,769
1,880 3,134 11,679
780,693 803,906 1,003,453
517 1,005 13,416
581,438 423,921 255,910
100,000 0 0
0 0 100,000
69,351 341,807 589,666
0 0 2,405
 694 3,418 6,564
68,657 338,389 583,102
7,400 9,013 14,345
22,681 31,578 36,680

60,809 119,668 207,309

0 5 5,014
60,809 119,663 202,295
694 3,195 4,597
60,115 116,468 197,697
16 10 0
39,390 85,525 145,735
39,390 85,525 114,938
20,741 30,954 51,962
12,461 21,725 38,084

75,000 75,000 75,000

0.00 0.00 0.00
0.00 0.00 0.00
(67,944) (253,586) (47,290)
0 0 0

1.00 1.00 0.98

0.08 0.15 0.20
0.02 0.03 0.05
0.02 0.03 0.04
0.00 0.00 0.00
0.08 0.14 0.20
0.00 0.00 0.02
1.90 2.76 2.21
0.65 0.71 0.70
2461.88 8552.50 -
0.17 0.29 0.51

0.75 0.53 0.27

0.00 0.00 0.10
0.09 0.42 0.58
0.00 0.00 0.08
0.00 0.01 0.17
60.89 248.95 7.58
60.89 248.95 3.82

0.00 0.00 0.00

0.01 0.01 0.01
0.00 0.00 0.00
1.00 0.93 0.70
- - 2.73
 0.99 0.99 0.83
0.00 0.00 0.00
10.35 10.63 11.11
0.00 0.00 0.09

-5.45 -11.67 -1.24

(Thousand Rupees)
2016 2017 2018
4,577,575 4,981,530 13,614,984
1,346,939 1,346,939 3,547,269
1,286,756 1,405,571 10,412,953
1,943,880 2,229,020 (345,238)
8,334 24,265 53,445
31,717,737 42,482,072 48,797,547
0 0 0
0 0 0
27,829,780 36,664,927 42,274,909
3,887,957 5,817,145 6,522,638
36,303,646 47,487,867 62,465,976
3,116,926 3,497,633 4,210,306
2,558,937 4,310,776 3,864,399
323,215 3,368,059 5,473,364
11,568,227 6,767,309 9,008,445
15,945,318 25,002,513 34,187,550
95,774 256,738 1,401,873
110,070 240,860 1,242,731
15,835,248 24,761,653 32,944,819
1,041,611 1,729,560 3,001,351
1,859,482 3,052,877 3,963,292

4,486,604 6,063,887 8,721,206

1,113,495 1,767,054 2,595,036
3,373,109 4,296,833 6,126,170
103,555 241,749 1,386,509
3,269,554 4,055,084 4,739,661
1,653,220 8,487,508 8,386,778
3,553,489 11,855,148 15,240,407
3,485,207 11,795,637 4,948,448
1,369,285 687,444 (2,113,968)
895,354 416,756 (2,515,738)

134,694 134,694 354,727

0.00 0.00 0.00
0.00 0.00 0.00
11,129,496 (1,954,717) (7,095,671)
 0 0 0

0.75 0.71 0.70

0.09 0.09 0.10
0.20 0.08 -0.18
0.02 0.01 -0.04
0.05 0.18 0.13
0.09 0.09 0.08
0.25 0.29 0.30
2.55 17.16 -2.34
0.58 0.81 0.89
2.11 1.39 0.59
6.65 3.09 -7.09

0.16 0.16 0.13

0.32 0.14 0.14
0.44 0.52 0.53
0.77 0.77 0.68
0.87 0.89 0.78
0.57 0.68 0.81
0.57 0.68 0.81

0.01 0.01 0.04

0.01 0.01 0.04
0.02 0.05 0.10
0.94 1.00 1.12
1.15 0.94 0.89

0.13 0.10 0.22

0.00 0.00 0.00
33.98 36.98 38.38
6.08 7.36 3.11

12.43 -4.69 2.82

(Thousand Rupees)
2016 2017 2018
3,151,958 3,792,879 4,884,044
2,730,811 2,730,811 2,730,811
189,569 326,723 675,629
231,578 735,345 1,477,604
678,546 712,670 619,283
13,047,727 21,435,139 32,121,953
0 0 0
297,820 0 0
12,237,466 20,887,192 31,129,077
512,441 547,947 992,876
16,878,231 25,940,688 37,625,280
840,523 1,204,886 2,186,701
2,111,977 2,638,550 6,036,912
0 0 0
4,627,558 5,934,139 2,807,140
8,273,926 14,554,966 23,857,102
58,873 95,284 214,267
90,698 160,298 302,658
8,183,228 14,394,668 23,554,444
496,359 724,983 1,187,584
618,586 1,043,462 1,852,499

2,480,263 3,719,299 6,047,176

580,886 856,648 1,682,653
1,899,377 2,862,651 4,364,523
15,612 91,586 250,988
1,883,765 2,771,065 4,113,535
170,561 302,185 509,209
1,565,782 2,065,998 3,112,150
1,559,937 2,061,717 3,112,150
488,544 1,007,252 1,510,594
316,259 685,772 1,000,070

273,081 273,081 273,081

0.00 0.00 0.00
0.00 0.00 0.00
(125,592) 2,217,887 1,546,005
0 0 0

0.77 0.77 0.72

0.11 0.11 0.12
0.10 0.18 0.20
0.02 0.03 0.03
0.01 0.01 0.01
0.11 0.11 0.11
0.23 0.23 0.28
3.19 2.05 2.06
0.59 0.51 0.47
9.15 6.82 6.11
1.16 2.51 3.66

0.17 0.15 0.22

0.27 0.23 0.07
0.48 0.55 0.63
0.73 0.81 0.83
0.77 0.83 0.85
0.68 0.70 0.77
 0.66 0.70 0.77

0.01 0.01 0.01

0.01 0.01 0.01
0.02 0.03 0.04
0.17 0.57 0.83
1.54 1.68 1.41

0.19 0.15 0.13

0.00 0.00 0.00
11.54 13.89 17.88
3.88 5.51 6.37

-0.40 3.23 1.55

(Thousand Rupees)
2016 2017 2018
1,147,117 1,404,742 2,789,517
1,285,714 1,285,714 2,285,714
22,137 86,879 178,915
(160,734) 32,149 324,888
(24,653) (25,742) 18,986
9,469,250 16,251,887 31,983,074
17,649 54,322 80,298
1,000,000 3,069,487 6,010,000
8,109,924 11,971,358 20,534,770
341,677 1,156,720 5,358,006
10,591,714 17,630,887 34,791,577
470,734 772,154 1,457,387
2,391,207 2,586,898 11,027,311
0 0 0
1,130,131 1,786,375 1,967,824
5,576,802 10,648,713 17,225,244
25,633 48,443 217,926
48,381 94,355 205,406
5,528,421 10,554,358 17,019,838
303,027 465,355 754,500
768,194 1,465,747 2,564,717

1,051,487 2,644,950 4,365,933

428,308 1,152,285 1,676,143
623,179 1,492,665 2,689,790
44,490 86,252 259,713
578,689 1,406,413 2,430,076
318,981 458,099 640,482
802,097 1,448,588 2,270,266
801,942 1,446,737 2,267,866
 95,573 415,924 800,292
72,353 258,966 547,057

128,571 128,571 228,571

0.00 0.00 0.00
0.00 0.00 0.00
2,258,472 (1,278,201) 1,886,771
77,924 113,866 70,586

0.59 0.56 0.62

0.06 0.08 0.08
0.06 0.18 0.20
0.01 0.01 0.02
0.03 0.03 0.02
0.05 0.08 0.07
0.41 0.44 0.38
8.39 3.48 2.83
0.59 0.47 0.45
2.51 3.16 3.54
0.56 2.01 2.39

0.27 0.19 0.36

0.11 0.10 0.06
0.52 0.60 0.49
0.77 0.68 0.59
0.89 0.92 0.92
0.69 0.89 0.84
0.61 0.71 0.65

0.00 0.00 0.01

0.01 0.01 0.01
0.02 0.03 0.08
0.92 0.91 1.26
1.89 1.95 0.94

0.11 0.08 0.08

0.07 0.08 0.03
8.92 10.93 12.20
7.07 8.52 7.36

31.21 -4.94 3.45

Not available Not available Not available Not available

Leasing Companies - Overall
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 6,835,258 7,080,248 5,699,127 4,262,889
1.Share capital 5,000,877 4,460,666 4,782,365 4,764,964
2.Reserves 2,921,318 2,410,646 1,735,115 1,257,006
3.Un appropriated profit/loss (1,086,937) 208,936 (818,353) (1,759,081)
4.Others 292,972 30,256 (97,545) 141,757
B.Total liabilities (B1+ B2) 57,608,954 56,628,753 49,869,729 32,681,664
1.Non-current liabilities (a + b + c) 32,451,522 36,481,901 30,995,512 17,120,915
a.Borrowings from financial and other institutions 6,195,363 6,765,089 5,647,750 4,991,653
b.Deposit on finance lease 12,064,697 16,436,318 14,343,156 6,347,260
c.Other/misc. liabilities 14,191,462 13,280,494 11,004,606 5,782,002
2.Current liabilities 25,157,432 20,146,852 18,874,217 15,560,749
C.Total assets (C1 + C2) 64,737,184 63,739,257 55,471,311 37,086,310
1.Non-current assets (a + b + c) 36,625,175 35,673,385 27,998,647 17,687,778
a.Net investment in finance lease 27,246,649 29,729,111 21,840,207 13,171,916
b.Fixed assets 2,179,287 2,029,242 1,954,976 1,641,203
c.Other/misc. assets 7,199,239 3,915,032 4,203,464 2,874,659
2.Current assets (e + f) 28,112,009 28,065,872 27,472,664 19,398,532
a.Cash and balances with treasury banks 222,362 306,799 554,843 6,723
b.Placement with other banks 2,285,167 1,166,953 597,845 262,290
c.Term deposits certificate 2,065,144 719,556 1,627,672 1,614,842
d.Other money market placements 1,185,922 947,040 864,832 525,124
e.Cash & cash equivalent (a + b + c + d) 5,758,595 3,140,348 3,645,192 2,408,979
f.Other/misc. current assets 22,353,414 24,925,524 23,827,472 16,989,553
D.Profit & loss account
1.Income from finance lease 4,739,085 4,813,303 4,445,437 2,908,978
2.Income from operating lease 1,001,255 944,022 936,782 817,667
3.Income from lease (D1 + D2) 5,740,340 5,757,325 5,382,219 3,726,645
4.Income from investments 152,621 266,823 153,329 108,335
5.Other income 884,695 1,655,426 828,022 1,207,546
6.Total income/revenue (D3 to D5) 6,777,656 7,679,574 6,363,570 5,042,526
7.Administrative expenses 1,222,244 1,253,641 1,314,381 1,047,419
8.Profit/(loss) before taxation (479,403) 476,818 (1,520,635) (673,912)
9.Profit/(loss) after taxation (491,665) 598,955 (1,416,180) (615,564)
E.Other items
1.No. of ordinary shares (000) 957,667 734,045 478,215 476,475
2.Cash dividend N/A N/A N/A N/A
3.Stock dividend N/A N/A N/A N/A
4.Cash generated from operating activities 1,724,576 1,656,175 4,585,308 2,242,989
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) -0.07 0.08 -0.25 -0.14
2.Return on capital employed (ROCE) (D8/(C-B2)) -0.01 0.01 -0.04 -0.03
3.Return on assets (ROA) (D9/C) -0.01 0.01 -0.03 -0.02
4.Return on revenue (ROR) (D9/D6) -0.07 0.08 -0.22 -0.12
5.Lease income to total income (D3/D6) 0.85 0.75 0.85 0.74
6.Administrative expenses to profit before tax. (D7/D9) (times) -2.49 2.09 -0.93 -1.70
7.Earning per share (D9/E1) -0.51 0.82 -2.96 -1.29
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.09 0.05 0.07 0.07
2.Net investment in finance lease to total assets (C1a/C) 0.42 0.47 0.39 0.36
3.Current assets to current liabilities (C2/B2) (times) 1.12 1.39 1.46 1.25
4.Total liabilities to total assets (B/C) (times) 0.89 0.89 0.90 0.88
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.11 0.11 0.10 0.11
2.Break up value per share (A/E1) 7.14 9.65 11.92 8.95
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -3.51 2.77 -3.24 -3.64
2.Cash generated from operating activities to current liabilities ( 0.07 0.08 0.24 0.14

Capital Assets Leasing Corporation Ltd.

Items Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit/loss
4.Others
B.Total liabilities (B1+ B2)
1.Non-current liabilities (a + b + c)
a.Borrowings from financial and other institutions
b.Deposit on finance lease
c.Other/misc. liabilities
2.Current liabilities
C.Total assets (C1 + C2)
1.Non-current assets (a + b + c)
a.Net investment in finance lease
b.Fixed assets
c.Other/misc. assets
2.Current assets (e + f)
a.Cash and balances with treasury banks
b.Placement with other banks
c.Term deposits certificate
d.Other money market placements
e.Cash & cash equivalent (a + b + c + d)
f.Other/misc. current assets
D.Profit & loss account
1.Income from finance lease
2.Income from operating lease
3.Income from lease (D1 + D2)
4.Income from investments
5.Other income
6.Total income/revenue (D3 to D5)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
4.Return on revenue (ROR) (D9/D6)
5.Lease income to total income (D3/D6)
6.Administrative expenses to profit before tax. (D7/D9) (times)
7.Earning per share (D9/E1)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)
2.Cash generated from operating activities to current liabilities (E4/B2) (times)

NBP Leasing Limited

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) - 720,708 617,815 648,916
1.Share capital - 500,000 500,000 500,000
2.Reserves - 88,932 88,932 95,152
3.Un appropriated profit/loss - 131,776 28,883 53,764
4.Others - (97,976) (35,573) (21,891)
B.Total liabilities (B1+ B2) - 293,173 99,621 110,680
1.Non-current liabilities (a + b + c) - 67,008 40,441 54,165
a.Borrowings from financial and other institutions - 0 0 0
b.Deposit on finance lease - 66,017 40,441 52,281
c.Other/misc. liabilities - 991 0 1,884
2.Current liabilities - 226,165 59,180 56,515
C.Total assets (C1 + C2) - 915,905 681,863 737,705
1.Non-current assets (a + b + c) - 353,502 289,984 373,074
a.Net investment in finance lease - 194,096 109,761 189,948
b.Fixed assets - 6,498 4,996 7,612
c.Other/misc. assets - 152,908 175,227 175,514
2.Current assets (e + f) - 562,403 391,879 364,631
a.Cash and balances with treasury banks - 1,301 22 121
b.Placement with other banks - 2,394 111,296 6,065
c.Term deposits certificate - 218,315 119,934 121,028
d.Other money market placements - 0 0 0
e.Cash & cash equivalent (a + b + c + d) - 222,010 231,252 127,214
f.Other/misc. current assets - 340,393 160,627 237,417
D.Profit & loss account
1.Income from finance lease - 41,503 27,145 19,463
2.Income from operating lease - 1,167 294 48,927
3.Income from lease (D1 + D2) - 42,670 27,439 68,390
4.Income from investments - 52,966 36,832 51
5.Other income - 12,814 3,663 0
6.Total income/revenue (D3 to D5) - 108,450 67,934 68,441
7.Administrative expenses - 24,802 29,087 34,519
8.Profit/(loss) before taxation - 853 (126,024) 34,017
9.Profit/(loss) after taxation - 10,915 (102,893) 31,101
E.Other items
1.No. of ordinary shares - 50,000 50,000 50,000
2.Cash dividend - 0.00 0.00 0.00
3.Stock dividend - 0.00 0.00 0.00
4.Cash generated from operating activities - 148,975 151,088 (69,226)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) - 0.02 -0.17 0.05
2.Return on capital employed (ROCE) (D8/(C-B2)) - 0.00 -0.20 0.05
3.Return on assets (ROA) (D9/C) - 0.01 -0.15 0.04
4.Return on revenue (ROR) (D9/D6) - 0.10 -1.51 0.45
5.Lease income to total income (D3/D6) - 0.39 0.40 1.00
6.Administrative expenses to profit before tax. (D7/D9) (times) - 2.27 -0.28 1.11
7.Earning per share (D9/E1) - 0.22 -2.06 0.62
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) - 0.24 0.34 0.17
2.Net investment in finance lease to total assets (C1a/C) - 0.21 0.16 0.26
3.Current assets to current liabilities (C2/B2) (times) - 2.49 6.62 6.45
4.Total liabilities to total assets (B/C) (times) - 0.32 0.15 0.15
H.Capital /leverage ratios
1.Capital ratio (A/C) - 0.79 0.91 0.88
2.Break up value per share (A/E1) - 14.41 12.36 12.98
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - 13.65 -1.47 -2.23
2.Cash generated from operating activities to current liabilities ( - 0.66 2.55 -1.22

Grays Leasing Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 268,470 259,238 202,112 101,581
1.Share capital 200,000 200,000 215,000 215,000
2.Reserves 58,625 58,625 58,625 58,625
3.Un appropriated profit/loss 9,845 613 (71,513) (172,044)
4.Others 21,019 19,969 18,970 18,022
B.Total liabilities (B1+ B2) 1,446,071 1,293,288 852,115 554,619
1.Non-current liabilities (a + b + c) 915,190 798,343 262,733 43,384
a.Borrowings from financial and other institutions 438,833 372,353 96,968 4,796
b.Deposit on finance lease 346,499 369,898 141,555 33,888
c.Other/misc. liabilities 129,858 56,092 24,210 4,700
2.Current liabilities 530,881 494,945 589,382 511,235
C.Total assets (C1 + C2) 1,735,560 1,572,495 1,073,197 674,222
1.Non-current assets (a + b + c) 1,003,690 881,707 289,847 144,025
a.Net investment in finance lease 926,087 773,432 189,313 67,666
b.Fixed assets 58,699 92,123 89,373 65,676
c.Other/misc. assets 18,904 16,152 11,161 10,683
2.Current assets (e + f) 731,870 690,788 783,350 530,197
a.Cash and balances with treasury banks 15 21 36 30
b.Placement with other banks 4,569 20,793 16,199 14,000
c.Term deposits certificate 0 0 0 0
d.Other money market placements 697,012 641,375 763,478 512,481
e.Cash & cash equivalent (a + b + c + d) 701,596 662,189 779,713 526,511
f.Other/misc. current assets 30,274 28,599 3,637 3,686
D.Profit & loss account
1.Income from finance lease 145,189 129,584 91,969 50,634
2.Income from operating lease 0 8,317 3,415 5,425
3.Income from lease (D1 + D2) 145,189 137,901 95,384 56,059
4.Income from investments 0 0 0 0
5.Other income 17,507 15,055 10,931 10,361
6.Total income/revenue (D3 to D5) 162,696 152,956 106,315 66,420
7.Administrative expenses 31,842 38,556 36,188 27,767
8.Profit/(loss) before taxation 23,250 (9,571) (74,578) (118,232)
9.Profit/(loss) after taxation 15,458 (10,283) (56,520) (101,478)
E.Other items
1.No. of ordinary shares (000) 20,000 20,000 21,500 21,500
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (167,344) 171,193 (24,336) (24,634)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 0.06 0.00 -0.28 -1.00
2.Return on capital employed (ROCE) (D8/(C-B2)) 0.02 0.00 -0.15 -0.73
3.Return on assets (ROA) (D9/C) 0.01 0.00 -0.05 -0.15
4.Return on revenue (ROR) (D9/D6) 0.10 0.00 -0.53 -1.53
5.Lease income to total income (D3/D6) 0.89 0.01 0.90 0.84
6.Administrative expenses to profit before tax. (D7/D9) (times) 2.06 -3.75 -0.64 -0.27
7.Earning per share (D9/E1) 0.77 -0.51 -2.63 -4.72
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.40 0.00 0.73 0.78
2.Net investment in finance lease to total assets (C1a/C) 0.53 0.00 0.18 0.10
3.Current assets to current liabilities (C2/B2) (times) 1.38 1.40 1.33 1.04
4.Total liabilities to total assets (B/C) (times) 0.83 0.82 0.79 0.82
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.15 0.00 0.19 0.15
2.Break up value per share (A/E1) 13.42 12.96 9.40 4.72
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -10.83 -16.65 0.43 0.24
2.Cash generated from operating activities to current liabilities ( -0.32 0.35 -0.04 -0.05

Orix Leasing Pakistan Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 2,378,881 2,603,868 2,077,910 2,016,356
1.Share capital 694,785 694,785 820,528 820,529
2.Reserves 1,684,096 1,576,899 1,052,604 1,195,827
3.Un appropriated profit/loss 0 332,184 204,778 0
4.Others 0 0 0 0
B.Total liabilities (B1+ B2) 23,777,103 25,211,112 25,245,296 21,762,670
1.Non-current liabilities (a + b + c) 14,592,625 20,175,342 17,807,230 12,963,244
a.Borrowings from financial and other institutions 1,035,300 3,602,959 3,864,826 3,186,110
b.Deposit on finance lease 6,179,578 9,913,743 8,100,984 4,543,263
c.Other/misc. liabilities 7,377,747 6,658,640 5,841,420 5,233,871
2.Current liabilities 9,184,478 5,035,770 7,438,066 8,799,426
C.Total assets (C1 + C2) 26,155,984 27,814,980 27,323,206 23,779,026
1.Non-current assets (a + b + c) 16,003,111 15,876,126 13,465,632 11,918,496
a.Net investment in finance lease 9,559,458 13,169,849 9,828,123 9,130,304
b.Fixed assets 751,180 832,333 1,121,881 1,075,338
c.Other/misc. assets 5,692,473 1,873,944 2,515,628 1,712,854
2.Current assets (e + f) 10,152,873 11,938,854 13,857,574 11,860,530
a.Cash and balances with treasury banks 42,231 207,557 528,227 0
b.Placement with other banks 0 0 0 128,632
c.Term deposits certificate 498,383 261,519 1,467,281 1,216,429
d.Other money market placements 0 0 0 0
e.Cash & cash equivalent (a + b + c + d) 540,614 469,076 1,995,508 1,345,061
f.Other/misc. current assets 9,612,259 11,469,778 11,862,066 10,515,469
D.Profit & loss account
1.Income from finance lease 2,174,914 2,378,393 2,374,476 2,066,884
2.Income from operating lease 500,545 535,434 589,621 625,848
3.Income from lease (D1 + D2) 2,675,459 2,913,827 2,964,097 2,692,732
4.Income from investments 23,191 33,330 83,641 70,258
5.Other income 234,426 504,110 475,772 994,309
6.Total income/revenue (D3 to D5) 2,933,076 3,451,267 3,523,510 3,757,299
7.Administrative expenses 412,423 516,826 651,523 599,756
8.Profit/(loss) before taxation 395,579 351,609 (428,715) 125,956
9.Profit/(loss) after taxation 334,079 266,609 (467,096) 104,784
E.Other items
1.No. of ordinary shares (000) 237,888 69,478 82,053 82,053
2.Cash dividend 0.35 0.15 0.00 0.00
3.Stock dividend 0.00 0.15 0.00 0.00
4.Cash generated from operating activities 2,174,548 549,478 2,690,983 945,394
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 0.14 0.00 -0.22 0.05
2.Return on capital employed (ROCE) (D8/(C-B2)) 0.02 0.00 -0.02 0.01
3.Return on assets (ROA) (D9/C) 0.01 0.00 -0.02 0.00
4.Return on revenue (ROR) (D9/D6) 0.11 0.00 -0.13 0.03
5.Lease income to total income (D3/D6) 0.91 0.01 0.84 0.72
6.Administrative expenses to profit before tax. (D7/D9) (times) 1.23 1.94 -1.39 5.72
7.Earning per share (D9/E1) 1.40 3.84 -5.69 1.28
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.02 0.00 0.07 0.06
2.Net investment in finance lease to total assets (C1a/C) 0.37 0.00 0.36 0.38
3.Current assets to current liabilities (C2/B2) (times) 1.11 2.37 1.86 1.35
4.Total liabilities to total assets (B/C) (times) 0.91 0.91 0.92 0.92
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.09 0.00 0.08 0.08
2.Break up value per share (A/E1) 10.00 37.48 25.32 24.57
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 6.51 2.06 -5.76 9.02
2.Cash generated from operating activities to current liabilities ( 0.24 0.11 0.36 0.11

Pak-Gulf Leasing Co. Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 244,513 256,702 333,766 346,117
1.Share capital 193,698 193,698 253,698 253,698
2.Reserves 27,410 29,580 32,556 37,041
3.Un appropriated profit/loss 23,405 33,424 47,512 55,378
4.Others 26,716 24,871 47,865 44,150
B.Total liabilities (B1+ B2) 298,066 282,308 324,924 309,837
1.Non-current liabilities (a + b + c) 157,982 151,144 227,757 235,872
a.Borrowings from financial and other institutions 8,582 0 25,000 8,333
b.Deposit on finance lease 128,636 129,971 161,465 178,168
c.Other/misc. liabilities 20,764 21,173 41,292 49,371
2.Current liabilities 140,084 131,164 97,167 73,965
C.Total assets (C1 + C2) 569,295 563,881 706,555 700,104
1.Non-current assets (a + b + c) 313,701 354,788 473,944 447,104
a.Net investment in finance lease 257,958 303,813 391,013 366,450
b.Fixed assets 51,530 47,894 82,710 77,532
c.Other/misc. assets 4,213 3,081 221 3,122
2.Current assets (e + f) 255,594 209,093 232,611 253,000
a.Cash and balances with treasury banks 0 0 0 0
b.Placement with other banks 236,923 181,497 182,279 6,233
c.Term deposits certificate 0 0 0 1,530
d.Other money market placements 0 0 0 0
e.Cash & cash equivalent (a + b + c + d) 236,923 181,497 182,279 7,763
f.Other/misc. current assets 18,671 27,596 50,332 245,237
D.Profit & loss account
1.Income from finance lease 0 0 0 0
2.Income from operating lease 49,243 49,767 53,666 64,158
3.Income from lease (D1 + D2) 49,243 49,767 53,666 64,158
4.Income from investments 725 703 5,184 4,738
5.Other income 1,201 150 349 487
6.Total income/revenue (D3 to D5) 51,169 50,620 59,199 69,383
7.Administrative expenses 24,405 18,028 18,669 19,884
8.Profit/(loss) before taxation 500 12,164 23,023 32,273
9.Profit/(loss) after taxation 2,660 10,849 14,878 21,249
E.Other items
1.No. of ordinary shares (000) 19,370 19,370 25,370 25,370
2.Cash dividend 0.00 0.00 0.00 0.05
3.Stock dividend 0.08 0.00 0.00 0.00
4.Cash generated from operating activities 93,017 7,472 (31,254) 43,228
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 0.01 0.00 0.04 0.06
2.Return on capital employed (ROCE) (D8/(C-B2)) 0.00 0.00 0.04 0.05
3.Return on assets (ROA) (D9/C) 0.00 0.00 0.02 0.03
4.Return on revenue (ROR) (D9/D6) 0.05 0.00 0.25 0.31
5.Lease income to total income (D3/D6) 0.96 0.01 0.91 0.92
6.Administrative expenses to profit before tax. (D7/D9) (times) 9.17 1.66 1.25 0.94
7.Earning per share (D9/E1) 0.14 0.56 0.59 0.84
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.42 0.00 0.26 0.01
2.Net investment in finance lease to total assets (C1a/C) 0.45 0.01 0.55 0.52
3.Current assets to current liabilities (C2/B2) (times) 1.82 1.59 2.39 3.42
4.Total liabilities to total assets (B/C) (times) 0.52 0.50 0.46 0.44
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.43 0.00 0.47 0.49
2.Break up value per share (A/E1) 12.62 13.25 13.16 13.64
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 34.97 0.69 -2.10 2.03
2.Cash generated from operating activities to current liabilities ( 0.66 0.06 -0.32 0.58

SME Leasing Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 435,240 419,363 349,615 299,829
1.Share capital 320,000 320,000 320,000 320,000
2.Reserves 115,240 48,466 48,466 48,466
3.Un appropriated profit/loss 0 50,897 (18,851) (68,637)
4.Others 0 (8,783) 1,649 3,835
B.Total liabilities (B1+ B2) 1,481,629 1,569,329 1,239,513 685,972
1.Non-current liabilities (a + b + c) 921,757 895,907 529,821 297,074
a.Borrowings from financial and other institutions 724,182 340,486 98,236 12,659
b.Deposit on finance lease 0 181,250 428,318 280,353
c.Other/misc. liabilities 197,575 374,171 3,267 4,062
2.Current liabilities 559,872 673,422 709,692 388,898
C.Total assets (C1 + C2) 1,916,869 1,979,909 1,590,777 989,636
1.Non-current assets (a + b + c) 1,260,940 1,221,954 957,777 470,485
a.Net investment in finance lease 1,206,948 1,146,981 907,451 432,543
b.Fixed assets 11,240 9,711 13,861 23,402
c.Other/misc. assets 42,752 65,262 36,465 14,540
2.Current assets (e + f) 655,929 757,955 633,000 519,151
a.Cash and balances with treasury banks 23,705 33,964 36 26
b.Placement with other banks 569,842 31,308 22,411 11,877
c.Term deposits certificate 0 0 0 28,660
d.Other money market placements 0 0 0 0
e.Cash & cash equivalent (a + b + c + d) 593,547 65,272 22,447 40,563
f.Other/misc. current assets 62,382 692,683 610,553 478,588
D.Profit & loss account
1.Income from finance lease 155,282 134,241 104,603 73,469
2.Income from operating lease 272 0 0 1,079
3.Income from lease (D1 + D2) 155,554 134,241 104,603 74,548
4.Income from investments 250 5,663 (4,674) 0
5.Other income 15,954 15,951 19,268 11,043
6.Total income/revenue (D3 to D5) 171,758 155,855 119,197 85,591
7.Administrative expenses 46,856 43,631 47,631 44,709
8.Profit/(loss) before taxation 35,109 2,275 (70,560) (47,388)
9.Profit/(loss) after taxation 30,667 7,711 (69,748) (49,786)
E.Other items
1.No. of ordinary shares (000) 320,000 320,000 32,000 32,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (102,504) 92,656 236,228 231,733
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 0.07 0.00 -0.20 -0.17
2.Return on capital employed (ROCE) (D8/(C-B2)) 0.03 0.00 -0.08 -0.08
3.Return on assets (ROA) (D9/C) 0.02 0.00 -0.04 -0.05
4.Return on revenue (ROR) (D9/D6) 0.18 0.00 -0.59 -0.58
5.Lease income to total income (D3/D6) 0.91 0.01 0.88 0.87
6.Administrative expenses to profit before tax. (D7/D9) (times) 1.53 5.66 -0.68 -0.90
7.Earning per share (D9/E1) 0.10 0.02 -2.18 -1.56
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.31 0.00 0.01 0.04
2.Net investment in finance lease to total assets (C1a/C) 0.63 0.01 0.57 0.44
3.Current assets to current liabilities (C2/B2) (times) 1.17 1.13 0.89 1.33
4.Total liabilities to total assets (B/C) (times) 0.77 0.79 0.78 0.69
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.23 0.00 0.22 0.30
2.Break up value per share (A/E1) 1.36 1.31 10.93 9.37
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -3.34 12.02 -3.39 -4.65
2.Cash generated from operating activities to current liabilities ( -0.18 0.14 0.33 0.60

Saudi Pak Leasing Co. Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 653,642 684,097 217,148 (123,738)
1.Share capital 430,100 451,605 451,605 451,605
2.Reserves 136,164 150,857 148,257 148,257
3.Un appropriated profit/loss 87,378 81,635 (382,714) (723,600)
4.Others (15,305) (136,762) (144,934) 25,261
B.Total liabilities (B1+ B2) 5,899,994 6,888,051 5,830,720 4,569,990
1.Non-current liabilities (a + b + c) 2,028,497 2,441,650 2,648,890 1,769,358
a.Borrowings from financial and other institutions 0 0 0 632,000
b.Deposit on finance lease 846,942 1,070,376 876,653 692,925
c.Other/misc. liabilities 1,181,555 1,371,274 1,772,237 444,433
2.Current liabilities 3,871,497 4,446,401 3,181,830 2,800,632
C.Total assets (C1 + C2) 6,538,331 7,435,386 5,902,934 4,471,513
1.Non-current assets (a + b + c) 2,610,090 3,313,267 2,233,638 1,408,863
a.Net investment in finance lease 2,281,114 2,941,966 1,880,876 1,069,278
b.Fixed assets 208,861 256,383 260,795 119,283
c.Other/misc. assets 120,115 114,918 91,967 220,302
2.Current assets (e + f) 3,928,241 4,122,119 3,669,296 3,062,650
a.Cash and balances with treasury banks 306 49,704 14,125 30
b.Placement with other banks 955,381 419,779 108,866 18,511
c.Term deposits certificate 407,294 11,250 1,013 184,682
d.Other money market placements 0 0 0 0
e.Cash & cash equivalent (a + b + c + d) 1,362,981 480,733 124,004 203,223
f.Other/misc. current assets 2,565,260 3,641,386 3,545,292 2,859,427
D.Profit & loss account
1.Income from finance lease 442,389 479,905 437,132 277,855
2.Income from operating lease 38,237 74,835 62,221 25,474
3.Income from lease (D1 + D2) 480,626 554,740 499,353 303,329
4.Income from investments 0 0 0 0
5.Other income 241,056 316,561 177,970 132,554
6.Total income/revenue (D3 to D5) 721,682 871,301 677,323 435,883
7.Administrative expenses 100,664 105,283 112,291 97,227
8.Profit/(loss) before taxation 70,698 90,865 (527,197) (419,636)
9.Profit/(loss) after taxation 54,198 73,465 (458,059) (342,754)
E.Other items
1.No. of ordinary shares (000) 43,010 45,160 45,160 45,160
2.Cash dividend 0.10 0.00 0.00 0.00
3.Stock dividend 5.00% 0.00 0.00 0.00
4.Cash generated from operating activities (618,070) (240,840) 823,319 930,274
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 0.08 0.00 -2.11 2.77
2.Return on capital employed (ROCE) (D8/(C-B2)) 0.03 0.00 -0.19 -0.25
3.Return on assets (ROA) (D9/C) 0.01 0.00 -0.08 -0.08
4.Return on revenue (ROR) (D9/D6) 0.08 0.00 -0.68 -0.79
5.Lease income to total income (D3/D6) 0.67 0.01 0.74 0.70
6.Administrative expenses to profit before tax. (D7/D9) (times) 1.86 1.43 -0.25 -0.28
7.Earning per share (D9/E1) 1.26 1.63 -10.14 -7.59
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.21 0.00 0.02 0.05
2.Net investment in finance lease to total assets (C1a/C) 0.35 0.00 0.32 0.24
3.Current assets to current liabilities (C2/B2) (times) 1.01 0.93 1.15 1.09
4.Total liabilities to total assets (B/C) (times) 0.90 0.93 0.99 1.02
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.10 0.00 0.04 -0.03
2.Break up value per share (A/E1) 15.20 15.15 4.81 -2.74
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -11.40 -3.28 -1.80 -2.71
2.Cash generated from operating activities to current liabilities ( -0.16 -0.05 0.26 0.33

Security Leasing Corporation Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 603,561 592,370 215,787 59,449
1.Share capital 513,000 475,500 438,028 438,028
2.Reserves 76,506 118,867 118,867 118,867
3.Un appropriated profit/loss 14,055 (1,997) (341,108) (497,446)
4.Others (33,407) 23,776 22,547 21,319
B.Total liabilities (B1+ B2) 4,830,329 4,961,128 3,727,834 2,668,937
1.Non-current liabilities (a + b + c) 2,461,165 2,632,668 1,812,607 1,432,902
a.Borrowings from financial and other institutions 1,518,750 1,602,207 1,157,747 1,147,358
b.Deposit on finance lease 939,829 1,027,875 654,860 285,544
c.Other/misc. liabilities 2,586 2,586 0 0
2.Current liabilities 2,369,164 2,328,460 1,915,227 1,236,035
C.Total assets (C1 + C2) 5,400,483 5,577,274 3,966,168 2,749,705
1.Non-current assets (a + b + c) 3,001,377 3,108,830 2,010,853 1,114,513
a.Net investment in finance lease 2,467,054 2,302,632 1,222,343 494,912
b.Fixed assets 209,844 246,681 204,684 161,314
c.Other/misc. assets 324,479 559,517 583,826 458,287
2.Current assets (e + f) 2,399,106 2,468,444 1,955,315 1,635,192
a.Cash and balances with treasury banks 39,110 60 0 34
b.Placement with other banks 0 38,634 3,750 2,517
c.Term deposits certificate 20,743 4,814 680 1,305
d.Other money market placements 396,770 305,665 101,354 12,643
e.Cash & cash equivalent (a + b + c + d) 456,623 349,173 105,784 16,499
f.Other/misc. current assets 1,942,483 2,119,271 1,849,531 1,618,693
D.Profit & loss account
1.Income from finance lease 380,357 383,218 321,161 149,924
2.Income from operating lease 60,307 58,595 46,438 21,398
3.Income from lease (D1 + D2) 440,664 441,813 367,599 171,322
4.Income from investments 0 0 (108,625) (49,674)
5.Other income 146,166 556,615 (60,802) 8,467
6.Total income/revenue (D3 to D5) 586,830 998,428 198,172 130,115
7.Administrative expenses 78,817 89,305 99,937 93,118
8.Profit/(loss) before taxation 48,856 (10,039) (468,114) (291,909)
9.Profit/(loss) after taxation 40,258 211,810 (357,797) (273,954)
E.Other items
1.No. of ordinary shares (000) 51,300 47,550 43,802 43,802
2.Cash dividend 0.09 0.09 0.00 0.00
3.Stock dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (286,125) 152,826 57,319 201,632
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 0.07 0.00 -1.66 -4.61
2.Return on capital employed (ROCE) (D8/(C-B2)) 0.02 0.00 -0.23 -0.19
3.Return on assets (ROA) (D9/C) 0.01 0.00 -0.09 -0.10
4.Return on revenue (ROR) (D9/D6) 0.07 0.00 -1.81 -2.11
5.Lease income to total income (D3/D6) 0.75 0.00 1.85 1.32
6.Administrative expenses to profit before tax. (D7/D9) (times) 1.96 0.42 -0.28 -0.34
7.Earning per share (D9/E1) 0.78 4.45 -8.17 -6.25
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.08 0.00 0.03 0.01
2.Net investment in finance lease to total assets (C1a/C) 0.46 0.00 0.31 0.18
3.Current assets to current liabilities (C2/B2) (times) 1.01 1.06 1.02 1.32
4.Total liabilities to total assets (B/C) (times) 0.89 0.89 0.94 0.97
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.11 0.00 0.05 0.02
2.Break up value per share (A/E1) 11.77 12.46 4.93 1.36
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -7.11 0.72 -0.16 -0.74
2.Cash generated from operating activities to current liabilities ( -0.12 0.07 0.03 0.16

Sigma Leasing Corporation Limited (Thousand Rupe

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 369,474 331,993 306,303 313,321
1.Share capital 300,000 300,000 300,000 300,000
2.Reserves 50,946 61,861 61,862 63,209
3.Un appropriated profit/loss 18,528 (29,868) (55,559) (49,888)
4.Others 55,320 55,194 40,476 54,953
B.Total liabilities (B1+ B2) 1,206,344 982,953 632,691 163,218
1.Non-current liabilities (a + b + c) 580,937 479,120 315,918 70,515
a.Borrowings from financial and other institutions 245,820 141,667 33,333 397
b.Deposit on finance lease 2,412 1,739 1,077 39,048
c.Other/misc. liabilities 332,705 335,714 281,508 31,070
2.Current liabilities 625,407 503,833 316,773 92,703
C.Total assets (C1 + C2) 1,631,138 1,370,140 979,470 531,492
1.Non-current assets (a + b + c) 832,503 627,911 361,974 201,727
a.Net investment in finance lease 743,642 541,329 278,688 119,243
b.Fixed assets 87,703 85,513 82,337 81,654
c.Other/misc. assets 1,158 1,069 949 830
2.Current assets (e + f) 798,635 742,229 617,496 329,765
a.Cash and balances with treasury banks 61 58 67 65
b.Placement with other banks 28,172 73,089 97,559 48,354
c.Term deposits certificate 103,133 163,257 137,332 60,118
d.Other money market placements 0 0 0 0
e.Cash & cash equivalent (a + b + c + d) 131,366 236,404 234,958 108,537
f.Other/misc. current assets 667,269 505,825 382,538 221,228
D.Profit & loss account
1.Income from finance lease 134,262 123,397 84,095 43,171
2.Income from operating lease 1,040 11,100 5,192 184
3.Income from lease (D1 + D2) 135,302 134,497 89,287 43,355
4.Income from investments 0 0 0 0
5.Other income 21,456 22,261 10,540 31,844
6.Total income/revenue (D3 to D5) 156,758 156,758 99,827 75,199
7.Administrative expenses 19,641 23,854 24,054 24,326
8.Profit/(loss) before taxation 68,424 58,147 (74,417) (486)
9.Profit/(loss) after taxation 60,684 54,580 (67,860) 6,736
E.Other items
1.No. of ordinary shares 30,000 30,000 30,000 30,000
2.Cash dividend 0.16 0.11 0.00 0.00
3.Stock dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 5,867 377,294 325,976 210,019
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) 0.16 0.00 -0.22 0.02
2.Return on capital employed (ROCE) (D8/(C-B2)) 0.07 0.00 -0.11 0.00
3.Return on assets (ROA) (D9/C) 0.04 0.00 -0.07 0.01
4.Return on revenue (ROR) (D9/D6) 0.39 0.00 -0.68 0.09
5.Lease income to total income (D3/D6) 0.86 0.01 0.89 0.58
6.Administrative expenses to profit before tax. (D7/D9) (times) 0.32 0.44 -0.35 3.61
7.Earning per share (D9/E1) 2.02 1.82 -2.26 0.22
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.08 0.00 0.24 0.20
2.Net investment in finance lease to total assets (C1a/C) 0.46 0.00 0.28 0.22
3.Current assets to current liabilities (C2/B2) (times) 1.28 1.47 1.95 3.56
4.Total liabilities to total assets (B/C) (times) 0.74 0.72 0.65 0.31
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.23 0.00 0.31 0.59
2.Break up value per share (A/E1) 12.32 11.07 10.21 10.44
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.10 6.91 -4.80 31.18
2.Cash generated from operating activities to current liabilities ( 0.01 0.75 1.03 2.27

Standard Chartered Leasing Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 272,359 209,098 736,138 778,743
1.Share capital 391,342 391,342 978,354 978,354
2.Reserves 94,407 94,407 94,408 102,929
3.Un appropriated profit/loss (213,390) (276,651) (336,624) (302,540)
4.Others 5,063 (853) (3,893) (3,892)
B.Total liabilities (B1+ B2) 2,518,434 1,543,716 1,269,281 1,580,409
1.Non-current liabilities (a + b + c) 1,272,300 460,871 304,736 230,248
a.Borrowings from financial and other institutions 386,667 66,667 0 0
b.Deposit on finance lease 445,554 285,129 201,334 228,521
c.Other/misc. liabilities 440,079 109,075 103,402 1,727
2.Current liabilities 1,246,134 1,082,845 964,545 1,350,161
C.Total assets (C1 + C2) 2,795,856 1,751,961 2,001,526 2,355,260
1.Non-current assets (a + b + c) 1,531,166 811,401 1,292,056 1,561,028
a.Net investment in finance lease 1,237,142 567,724 1,043,785 1,279,678
b.Fixed assets 7,735 9,618 6,734 3,699
c.Other/misc. assets 286,289 234,059 241,537 277,651
2.Current assets (e + f) 1,264,690 940,560 709,470 794,232
a.Cash and balances with treasury banks 11,245 7 7 32
b.Placement with other banks 170 5,040 5,287 8,518
c.Term deposits certificate 0 14,698 5,741 1,025
d.Other money market placements 0 0 0 0
e.Cash & cash equivalent (a + b + c + d) 11,415 19,745 11,035 9,575
f.Other/misc. current assets 1,253,275 920,815 698,435 784,657
D.Profit & loss account
1.Income from finance lease 3,288 0 0 206,423
2.Income from operating lease 264,060 150,715 165,421 18,709
3.Income from lease (D1 + D2) 267,348 150,715 165,421 225,132
4.Income from investments 102 7,493 0 269
5.Other income 37,341 23,297 14,464 16,159
6.Total income/revenue (D3 to D5) 304,791 181,505 179,885 241,560
7.Administrative expenses 71,459 48,561 53,833 70,626
8.Profit/(loss) before taxation (394,651) (56,738) (56,552) 65,547
9.Profit/(loss) after taxation (234,609) (63,262) (59,973) 42,606
E.Other items
1.No. of ordinary shares (000) 39,134 39,134 97,835 97,835
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 1,041,962 605,369 (434,775) (220,574)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A) -0.86 0.00 -0.08 0.05
2.Return on capital employed (ROCE) (D8/(C-B2)) -0.25 0.00 -0.05 0.07
3.Return on assets (ROA) (D9/C) -0.08 0.00 -0.03 0.02
4.Return on revenue (ROR) (D9/D6) -0.77 0.00 -0.33 0.18
5.Lease income to total income (D3/D6) 0.88 0.01 0.92 0.93
6.Administrative expenses to profit before tax. (D7/D9) (times) -0.30 -0.77 -0.90 1.66
7.Earning per share (D9/E1) -6.00 -1.62 -0.61 0.44
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.00 0.00 0.01 0.00
2.Net investment in finance lease to total assets (C1a/C) 0.44 0.00 0.52 0.54
3.Current assets to current liabilities (C2/B2) (times) 1.01 0.87 0.74 0.59
4.Total liabilities to total assets (B/C) (times) 0.90 0.88 0.63 0.67
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.10 0.00 0.37 0.33
2.Break up value per share (A/E1) 6.96 5.34 7.52 7.96
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -4.44 -9.57 7.25 -5.18
2.Cash generated from operating activities to current liabilities ( 0.84 0.56 -0.45 -0.16
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
4,897,834 4,398,423 4,953,107 5,310,668 5,660,407 5,542,829 5,744,191
4,384,659 4,384,659 4,612,867 4,612,867 4,612,867 3,634,811 3,634,811
2,098,810 2,288,405 2,576,718 2,811,118 3,292,754 2,419,843 2,469,903
(1,585,635) (2,274,641) (2,236,478) (2,113,317) (2,245,214) (511,825) (360,523)
279,435 260,845 204,811 198,135 218,559 137,969 135,346
28,579,718 28,948,716 29,308,517 30,182,889 33,266,168 27,065,289 26,094,898
14,411,788 13,536,031 16,036,251 16,227,921 19,584,377 14,128,361 12,880,261
3,519,842 3,100,064 2,020,402 757,191 5,217,391 6,340,528 6,872,928
5,823,263 5,053,880 5,303,638 5,955,453 6,618,066 6,755,018 4,885,143
5,068,683 5,382,087 8,712,211 9,515,277 7,748,920 1,032,815 1,122,190
14,167,930 15,412,685 13,272,266 13,954,968 13,681,791 12,936,928 13,214,637
33,756,987 33,607,984 34,466,434 35,691,692 39,145,134 32,746,087 31,974,435
18,060,998 17,489,932 18,113,593 19,683,239 21,902,316 16,203,595 16,393,964
13,380,148 12,518,742 12,974,246 14,235,391 25,192,505 19,763,356 19,800,686
1,758,486 1,911,824 1,970,728 2,018,966 2,151,547 2,317,866 1,845,039
2,922,364 3,059,366 3,168,619 3,428,882 (5,441,736) (5,877,627) (5,251,761)
15,695,989 16,118,052 16,352,841 16,008,453 17,242,818 16,542,492 15,580,471
2,007 1,896 2,012 1,833 1,613 1,594 3,164
340,952 500,820 313,689 153,711 309,663 608,627 631,755
841,296 1,338,031 2,006,554 1,190,316 1,204,357 1,326,712 985,808
34,216 19,548 19,531 19,531 19,291 10,000 9,291
1,218,471 1,860,295 2,341,786 1,365,391 1,534,924 1,946,933 1,630,018
14,477,518 14,257,757 14,011,055 14,643,062 15,707,894 14,595,559 13,950,453

2,834,411 2,791,681 2,667,510 2,784,141 3,018,686 2,598,527 2,684,917

754,690 767,726 907,545 1,017,290 719,854 589,792 528,860
3,589,101 3,559,407 3,575,055 3,801,431 3,738,540 3,188,319 3,213,777
82,116 129,842 66,081 486,619 513,265 514,631 548,591
776,543 862,669 1,002,481 575,111 665,763 771,701 601,733
4,447,760 4,551,918 4,643,617 4,863,161 4,917,568 4,474,651 4,364,101
964,151 969,903 1,110,873 1,158,795 1,202,529 1,144,413 1,239,765
405,376 27,510 676,382 772,660 817,797 906,900 1,164,787
355,406 (388,072) 518,810 554,789 585,835 665,685 816,261

438,464 438,464 400,962 400,962 400,962 303,157 303,157

N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
1,459,294 190,094 (9,242) (446,963) (1,168,730) (1,192,567) 872,793

0.07 -0.09 0.10 0.10 0.10 0.12 0.14

0.02 0.00 0.03 0.04 0.03 0.05 0.06
0.01 -0.01 0.02 0.02 0.02 0.02 0.03
0.08 -0.09 0.11 0.11 0.12 0.15 0.19
0.81 0.78 0.77 0.78 0.76 0.71 0.74
2.71 -2.50 2.14 2.09 2.05 1.72 1.52
 0.81 -0.89 1.29 1.38 1.46 2.20 2.69

0.04 0.06 0.07 0.04 0.04 0.06 0.05

0.40 0.37 0.38 0.40 0.64 0.60 0.62
1.11 1.05 1.23 1.15 1.26 1.28 1.18
0.85 0.86 0.85 0.85 0.85 0.83 0.82

0.15 0.13 0.14 0.15 0.14 0.17 0.18

11.17 10.03 12.35 13.24 14.12 18.28 18.95

4.11 -0.49 -0.02 -0.81 -1.99 -1.79 1.07

0.10 0.01 0.00 -0.03 -0.09 -0.09 0.07

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
98,919 106,787 121,025 134,156 148,150 168,034 189,070
107,444 107,444 107,444 107,444 107,444 107,444 107,444
9,639 17,989 19,562 25,036 27,835 31,812 36,019
(18,164) (18,646) (5,981) 1,676 12,871 28,778 45,607
0 0 0 0 0 0 0
12,376 66,003 84,940 54,692 64,426 97,721 164,818
0 37,179 43,611 21,929 25,182 44,613 109,809
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 37,179 43,611 21,929 25,182 44,613 109,809
12,376 28,824 41,329 32,763 39,244 53,108 55,009
111,295 172,790 205,965 188,848 212,576 265,755 353,888
85,088 149,334 169,956 111,574 113,317 196,882 153,513
0 0 0 0 0 0 0
54,928 117,755 139,366 89,785 86,541 175,277 131,593
30,160 31,579 30,590 21,789 26,776 21,605 21,920
26,207 23,456 36,009 77,274 99,259 68,873 200,375
19 22 16 22 13 19 735
517 297 193 522 235 245 0
0 0 0 0 0 0 0
10,115 9,548 9,531 9,531 9,291 0 9,291
10,651 9,867 9,740 10,075 9,539 264 10,026
15,556 13,589 26,269 67,199 89,720 68,609 190,349

323 14 11 0 0 0 0
15,358 21,886 36,234 34,828 34,038 51,260 52,507
15,681 21,900 36,245 34,828 34,038 51,260 52,507
0 0 0 0 0 0 0
1,012 122 5,275 651 1,352 1,381 0
16,693 22,022 41,520 35,479 35,390 52,641 52,507
5,911 6,428 7,470 8,462 8,904 9,294 12,166
12,175 12,410 24,839 20,762 21,231 32,309 31,819
 41,749 7,868 14,238 13,130 13,994 19,884 21,036

10,744 10,744 10,744 10,744 10,744 10,744 10,744

0.05 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,845 21,934 22,391 (7,640) 2,466 77,993 (112,924)

0.42 0.07 0.12 0.10 0.09 0.12 0.11

0.12 0.09 0.15 0.13 0.12 0.15 0.11
0.38 0.05 0.07 0.07 0.07 0.07 0.06
2.50 0.36 0.34 0.37 0.40 0.38 0.40
0.94 0.99 0.87 0.98 0.96 0.97 1.00
0.14 0.82 0.52 0.64 0.64 0.47 0.58
3.89 0.73 1.33 1.22 1.30 1.85 1.96

0.10 0.06 0.05 0.05 0.04 0.00 0.03

0.00 0.00 0.00 0.00 0.00 0.00 0.00
2.12 0.81 0.87 2.36 2.53 1.30 3.64
0.11 0.38 0.41 0.29 0.30 0.37 0.47

0.89 0.62 0.59 0.71 0.70 0.63 0.53

9.21 9.94 11.26 12.49 13.79 15.64 17.60

0.04 2.79 1.57 -0.58 0.18 3.92 -5.37

0.15 0.76 0.54 -0.23 0.06 1.47 -2.05

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 Not available
705,192 711,556 740,748 766,079 816,223 851,776
500,000 500,000 500,000 500,000 500,000 500,000
106,407 108,699 113,871 119,137 129,277 136,628
98,785 102,857 126,877 146,942 186,946 215,148
(17,939) - 0 0 0 806
215,889 461,215 512,176 530,165 393,980 295,913
88,612 294,069 296,885 253,245 166,278 128,691
0 150,000 100,000 50,000 0 0
86,935 140,958 194,204 197,039 151,716 128,691
1,677 3,111 2,681 6,206 14,562 0
127,277 167,146 215,291 276,920 227,702 167,222
903,142 1,172,771 1,252,924 1,296,244 1,210,203 1,148,495
592,851 609,094 781,119 774,600 605,279 468,491
394,831 598,367 763,608 757,389 586,736 432,824
9,374 9,346 7,256 8,056 6,000 10,100
188,646 1,381 10,255 9,155 12,543 25,567
310,291 563,677 471,805 521,644 604,924 680,004
318 75 94 95 51 45
7,044 4,092 2,921 1,053 48,514 211,224
 51,152 30,407 25,567 24,376 2,263 3,069
0 - 0 0 0 0
58,514 34,574 28,582 25,524 50,828 214,338
251,777 529,103 443,223 496,120 554,096 465,666

48,166 66,088 100,267 115,747 106,706 70,527

46,215 0 0 0 0 0
94,381 66,088 100,267 115,747 106,706 70,527
0 0 0 0 0 0
0 25,775 13,602 2,461 15,974 9,574
94,381 91,863 113,869 118,208 122,680 80,101
44,826 47,330 47,289 53,672 60,694 57,888
57,080 12,712 24,763 46,174 68,529 60,675
56,276 11,459 25,858 26,331 50,704 36,755

50,000 50,000 50,000 50,000 50,000 50,000

0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
(232,366) (183,781) (153,408) 45,326 186,178 187,352

0.08 0.02 0.03 0.03 0.06 0.04

0.07 0.01 0.02 0.05 0.07 0.06
0.06 0.01 0.02 0.02 0.04 0.03
0.60 0.12 0.23 0.22 0.41 0.46
1.00 0.72 0.88 0.98 0.87 0.88
0.80 4.13 1.83 2.04 1.20 1.57
1.13 0.23 0.52 0.53 1.01 0.74

0.06 0.03 0.02 0.02 0.04 0.19

0.44 0.51 0.61 0.58 0.48 0.38
2.44 3.37 2.19 1.88 2.66 4.07
0.24 0.39 0.41 0.41 0.33 0.26

0.78 0.61 0.59 0.59 0.67 0.74

14.10 14.23 14.81 15.32 16.32 17.04

-4.13 -16.04 -5.93 1.72 3.67 5.10

-1.83 -1.10 -0.71 0.16 0.82 1.12

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
75,433 72,872 75,927 75,140 75,248 74,626 73,768
215,000 215,000 215,000 215,000 215,000 215,000 215,000
58,625 58,625 59,236 59,236 59,256 59,256 59,257
(198,192) (200,753) (198,309) (199,096) (199,008) (199,630) (200,489)
76,108 0 0 0 0 0 0
310,943 170,509 138,826 148,693 159,213 173,407 194,717
281,847 164,033 132,029 140,927 23,860 28,253 40,446
62,378 12,383 0 0 0 0 0
219,469 151,650 128,029 125,927 22,667 26,883 39,022
0 0 4,000 15,000 1,193 1,370 1,424
29,096 6,476 6,797 7,766 135,353 145,154 154,271
462,484 243,381 214,753 223,833 234,461 248,033 268,485
448,392 237,999 202,838 219,993 45,732 56,976 80,584
431,552 236,718 199,978 217,617 43,913 54,320 78,572
16,493 1,046 2,595 2,111 1,756 2,126 1,732
347 235 265 265 63 530 280
14,092 5,382 11,915 3,840 188,729 191,057 187,901
39 33 25 13 17 14 869
11,151 3,578 9,955 1,846 11,449 4,231 2,160
0 0 0 0 0 0 0
2,101 0 0 0 0 0 0
13,291 3,611 9,980 1,859 11,466 4,245 3,029
801 1,771 1,935 1,981 177,263 186,812 184,872

18,842 14,775 8,285 9,544 10,667 9,712 10,069

988 107 0 0 0 0 0
19,830 14,882 8,285 9,544 10,667 9,712 10,069
0 0 0 0 0 0 0
10,780 11,048 921 702 319 510 841
30,610 25,930 9,206 10,246 10,986 10,222 10,910
20,628 14,579 10,805 11,210 12,038 11,431 11,215
(42,506) (1,784) 3,573 (677) (1,705) 176 (425)
(44,170) (3,523) 3,325 (1,075) 102 (714) (904)

21,500 21,500 21,500 21,500 21,500 21,500 21,500

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(27,623) (4,117) (4,559) (745) (3,308) 1,404 (6,397)

-0.59 -0.05 0.04 -0.01 0.00 -0.01 -0.01

-0.10 -0.01 0.02 0.00 -0.02 0.00 0.00
-0.10 -0.01 0.02 0.00 0.00 0.00 0.00
-1.44 -0.14 0.36 -0.10 0.01 -0.07 -0.08
0.65 0.57 0.90 0.93 0.97 0.95 0.92
-0.47 -4.14 3.25 -10.43 118.02 -16.01 -12.41
-2.05 -0.16 0.15 -0.05 0.00 -0.03 -0.04

0.03 0.01 0.05 0.01 0.05 0.02 0.01

0.93 0.97 0.93 0.97 0.19 0.22 0.29
0.48 0.83 1.75 0.49 1.39 1.32 1.22
0.67 0.70 0.65 0.66 0.68 0.70 0.73

0.16 0.30 0.35 0.34 0.32 0.30 0.27

 3.51 3.39 3.53 3.49 3.50 3.47 3.43

0.63 1.17 -1.37 0.69 -32.43 -1.97 7.08

-0.95 -0.64 -0.67 -0.10 -0.02 0.01 -0.04

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
2,160,686 2,362,628 2,588,659 2,982,820 3,437,020 4,176,712 4,466,445
820,529 820,529 820,529 820,529 820,529 820,828 820,828
1,340,157 1,542,099 1,768,130 2,162,291 2,616,491 1,709,738 1,746,175
0 0 0 0 0 1,646,146 1,899,442
87,013 85,046 83,077 81,109 112,009 0 0
19,554,519 19,580,495 20,455,693 21,384,785 24,768,618 22,723,381 21,629,162
11,093,605 10,591,161 13,080,075 12,205,291 15,786,074 12,773,058 11,522,921
2,172,519 1,938,187 913,950 280,307 4,707,563 6,147,989 6,707,294
4,308,266 3,585,740 3,823,978 4,484,318 5,238,768 5,888,173 4,000,333
4,612,820 5,067,234 8,342,147 7,440,666 5,839,743 736,896 815,294
8,460,914 8,989,334 7,375,618 9,179,494 8,982,544 9,950,323 10,106,241
21,802,218 22,028,169 23,127,429 24,448,714 28,317,647 26,900,093 26,095,607
12,238,277 11,672,239 12,255,164 13,579,729 16,206,355 13,163,271 13,237,772
9,109,645 7,871,090 8,078,921 9,335,719 20,823,948 17,838,673 17,667,231
1,266,877 1,356,922 1,559,985 1,766,703 1,761,811 1,765,367 1,532,753
1,861,755 2,444,227 2,616,258 2,477,307 (6,379,404) (6,440,769) (5,962,212)
9,563,941 10,355,930 10,872,265 10,868,985 12,111,292 13,736,822 12,857,835
1,341 1,493 1,543 1,357 1,216 1,309 1,309
240,936 334,880 229,064 99,127 171,965 332,278 340,575
358,263 737,619 1,599,528 1,087,936 1,105,942 1,218,977 913,882
0 0 0 0 0 0 0
600,540 1,073,992 1,830,135 1,188,420 1,279,123 1,552,564 1,255,766
8,963,401 9,281,938 9,042,130 9,680,565 10,832,169 12,184,258 11,602,069

2,107,805 2,012,627 1,900,147 1,974,466 2,261,355 2,324,490 2,416,994

648,815 717,273 850,049 952,632 664,002 534,394 474,221
2,756,620 2,729,900 2,750,196 2,927,098 2,925,357 2,858,884 2,891,215
37,967 72,165 21,446 445,503 461,746 506,881 543,065
395,416 547,358 788,675 447,265 585,872 704,671 596,663
3,190,003 3,349,423 3,560,317 3,819,866 3,972,975 4,070,436 4,030,943
548,631 585,467 730,593 755,241 784,965 856,540 966,310
226,585 274,864 414,451 640,101 808,088 976,669 1,158,010
144,673 201,864 337,951 516,113 627,897 759,978 841,244

82,053 82,053 82,053 82,053 82,053 82,083 82,083

0.10 0.15 0.22 0.35 0.45 0.45 0.30
0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,022,310 407,468 332,870 (560,501) (1,770,671) (1,535,641) 942,200

0.07 0.09 0.13 0.17 0.18 0.18 0.19

 0.02 0.02 0.03 0.04 0.04 0.06 0.07
0.01 0.01 0.01 0.02 0.02 0.03 0.03
0.05 0.06 0.09 0.14 0.16 0.19 0.21
0.86 0.82 0.77 0.77 0.74 0.70 0.72
3.79 2.90 2.16 1.46 1.25 1.13 1.15
1.76 2.46 4.12 6.29 7.65 9.26 10.25

0.03 0.05 0.08 0.05 0.05 0.06 0.05

0.42 0.36 0.35 0.38 0.74 0.66 0.68
1.13 1.15 1.47 1.18 1.35 1.38 1.27
0.90 0.89 0.88 0.87 0.87 0.84 0.83

0.10 0.11 0.11 0.12 0.12 0.16 0.17

26.33 28.79 31.55 36.35 41.89 50.88 54.41

7.07 2.02 0.98 -1.09 -2.82 -2.02 1.12

0.12 0.05 0.05 -0.06 -0.20 -0.15 0.09

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
364,255 389,369 419,169 450,618 503,233 546,896 583,374
253,698 253,698 253,698 253,698 253,698 253,698 253,698
41,785 44,648 50,104 55,948 66,005 74,148 83,563
68,772 91,023 115,367 140,972 183,530 219,050 246,113
41,756 39,045 45,663 44,205 44,218 81,700 92,583
410,023 421,665 445,378 714,306 953,307 1,222,579 1,475,305
288,464 304,498 287,279 334,516 486,656 657,223 755,443
25,000 0 0 0 0 0 20,833
198,580 217,146 176,345 204,525 345,791 482,845 545,858
64,884 87,352 110,934 129,991 140,865 174,378 188,752
121,559 117,167 158,099 379,790 466,651 565,356 719,862
816,034 850,079 910,210 1,209,129 1,500,758 1,851,175 2,151,262
527,791 524,056 579,686 745,552 1,003,035 1,276,529 1,534,005
450,676 449,235 492,150 623,154 850,950 1,039,543 1,315,938
73,978 71,665 83,756 100,976 125,764 209,486 56,606
3,137 3,156 3,780 21,422 26,321 27,500 161,461
288,243 326,023 330,524 463,577 497,723 574,646 617,257
5 1 16 5 17 1 0
2,232 42,903 17,893 18,729 43,737 44,295 63,565
1,745 1,643 2,303 3,073 3,462 16,259 39,300
0 0 0 0 0 0 0
3,982 44,547 20,212 21,807 47,216 60,555 102,865
284,261 281,476 310,312 441,770 450,507 514,091 514,392

61,302 75,914 73,438 84,549 117,152 142,476 153,030

3,172 1,446 (2,540) 4,721 0 0 0
64,474 77,360 70,898 89,270 117,152 142,476 153,030
 0 0 0 0 0 5,960 5,522
4,724 7,046 6,132 5,378 3,648 3,236 13,659
69,198 84,406 77,030 94,648 120,800 151,672 172,211
31,455 28,187 31,696 37,095 46,156 72,290 76,481
32,108 48,102 46,700 47,679 54,314 51,186 65,501
33,900 22,505 27,280 29,221 50,285 40,714 47,076

25,370 25,370 25,370 25,370 25,370 25,370 25,370

0.00 0.00 0.00 0.00 0.00 0.05% 0.08
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(48,250) 73,705 (60,135) (117,996) (59,713) 10,719 (123,264)

0.09 0.06 0.07 0.06 0.10 0.07 0.08

0.05 0.07 0.06 0.06 0.05 0.04 0.05
0.04 0.03 0.03 0.02 0.03 0.02 0.02
0.49 0.27 0.35 0.31 0.42 0.27 0.27
0.93 0.92 0.92 0.94 0.97 0.94 0.89
0.93 1.25 1.16 1.27 0.92 1.78 1.62
1.34 0.89 1.08 1.15 1.98 1.60 1.86

0.00 0.05 0.02 0.02 0.03 0.03 0.05

0.55 0.53 0.54 0.52 0.57 0.56 0.61
2.37 2.78 2.09 1.22 1.07 1.02 0.86
0.50 0.50 0.49 0.59 0.64 0.66 0.69

0.45 0.46 0.46 0.37 0.34 0.30 0.27

14.36 15.35 16.52 17.76 19.84 21.56 22.99

-1.42 3.28 -2.20 -4.04 -1.19 0.26 -2.62

-0.40 0.63 -0.38 -0.31 -0.13 0.02 -0.17

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
236,989 207,756 199,526 188,445 170,270 156,955 133,250
320,000 320,000 320,000 320,000 320,000 320,000 320,000
48,466 48,466 48,466 48,466 48,466 48,466 48,466
(131,477) (160,710) (168,940) (180,021) (198,196) (211,511) (235,216)
184 130 807 2,029 3,103 0 0
552,768 379,168 341,751 467,910 393,869 346,812 344,394
99,120 64,013 62,452 72,553 58,533 204,737 177,555
14,111 3,540 724 0 0 0 0
72,496 55,798 56,649 65,972 53,041 199,584 170,644
12,513 4,675 5,079 6,581 5,492 5,153 6,911
453,648 315,155 279,299 395,357 335,336 142,075 166,839
789,941 587,054 542,084 658,384 567,242 503,767 477,644
207,162 114,354 121,056 224,628 120,025 421,607 361,068
158,289 82,582 98,780 154,887 91,803 342,510 289,283
 23,017 20,804 14,206 10,466 9,298 8,648 6,500
25,856 10,968 8,070 59,275 18,924 70,449 65,285
582,779 472,700 421,028 433,756 447,217 82,160 116,576
49 72 57 90 89 79 88
10,367 7,119 5,976 5,430 3,026 2,441 1,815
3,864 3,809 3,988 3,209 4,283 0 0
0 0 0 0 0 0 0
14,280 11,000 10,021 8,729 7,398 2,520 1,903
568,499 461,700 411,007 425,027 439,819 79,640 114,673

44,260 34,334 20,573 34,870 27,700 32,531 26,671

0 0 0 0 0 0 0
44,260 34,334 20,573 34,870 27,700 32,531 26,671
297 273 178 14 0 1,790 4
15,162 11,220 7,641 11,336 189 3,094 687
59,719 45,827 28,392 46,220 27,889 37,415 27,362
47,250 40,555 29,416 37,945 38,378 38,111 40,548
(61,943) (28,859) (7,433) (10,583) (22,180) (13,057) (22,177)
(62,540) (29,088) (7,717) (11,046) (18,386) (13,382) (22,510)

32,000 32,000 32,000 32,000 32,000 32,000 32,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
31,297 81,255 28,985 (115,730) 26,536 16,425 (6,462)

-0.26 -0.14 -0.04 -0.06 -0.11 -0.09 -0.17

-0.18 -0.11 -0.03 -0.04 -0.10 -0.04 -0.07
-0.08 -0.05 -0.01 -0.02 -0.03 -0.03 -0.05
-1.05 -0.63 -0.27 -0.24 -0.66 -0.36 -0.82
0.74 0.75 0.72 0.75 0.99 0.87 0.97
-0.76 -1.39 -3.81 -3.44 -2.09 -2.85 -1.80
-1.95 -0.91 -0.24 -0.35 -0.57 -0.42 -0.70

0.02 0.02 0.02 0.01 0.01 0.01 0.00

0.20 0.14 0.18 0.24 0.16 0.68 0.61
1.28 1.50 1.51 1.10 1.33 0.58 0.70
0.70 0.65 0.63 0.71 0.69 0.69 0.72

0.30 0.35 0.37 0.29 0.30 0.31 0.28

7.41 6.49 6.24 5.89 5.32 4.90 4.16

-0.50 -2.79 -3.76 10.48 -1.44 -1.23 0.29

0.07 0.26 0.10 -0.29 0.08 0.12 -0.04

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
(239,548) (1,055,646) (373,341) (371,059) (556,765) (556,764) (646,184)
 451,605 451,605 979,813 979,813 979,813 979,813 979,813
148,257 148,257 176,485 177,928 177,928 177,928 177,928
(839,410) (1,655,508) (1,529,639) (1,528,800) (1,714,506) (1,714,505) (1,803,925)
23,664 47,636 34,135 33,356 25,764 25,764 15,864
3,378,209 3,006,328 1,938,618 1,560,205 1,544,668 1,544,668 1,356,514
1,100,629 684,168 557,613 103,854 74,155 74,155 0
580,551 507,776 426,814 15,278 0 0 0
164,269 70,039 46,201 7,330 3,750 3,750 0
355,809 106,353 84,598 81,246 70,405 70,405 0
2,277,580 2,322,160 1,381,005 1,456,351 1,470,513 1,470,513 1,356,514
3,162,325 1,998,318 1,599,412 1,222,502 1,013,667 1,013,668 726,194
765,287 482,427 229,552 84,510 115,032 115,033 67,465
453,840 282,416 135,787 17,737 8,752 8,752 0
99,760 132,660 35,933 21,636 64,673 64,673 32,119
211,687 67,351 57,832 45,137 41,607 41,608 35,346
2,397,038 1,515,891 1,369,860 1,137,992 898,635 898,635 658,729
137 113 148 102 88 88 79
31,564 27,166 39,906 23,450 3,335 3,335 8,308
184,144 122,569 73,821 38,722 88,407 88,407 29,557
0 0 0 0 0 0 0
215,845 149,848 113,875 62,274 91,830 91,830 37,944
2,181,193 1,366,043 1,255,985 1,075,718 806,805 806,805 620,785

135,665 57,856 29,322 47,128 16,195 16,195 5,760

9,968 4,917 3,830 2,678 2,556 2,556 2,132
145,633 62,773 33,152 49,806 18,751 18,751 7,892
0 0 0 0 0 0 0
73,932 81,354 239,846 158,009 42,134 42,134 5,535
219,565 144,127 272,998 207,815 60,885 60,885 13,427
90,227 76,690 75,223 58,627 59,868 59,868 43,232
(165,937) (602,998) 132,528 4,859 (190,826) (190,826) (68,755)
(117,678) (821,752) 140,550 7,218 (192,928) (192,928) (69,309)

45,160 45,160 45,160 45,160 45,160 45,160 45,160

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
935,483 311,771 120,168 163,326 34,965 34,965 (11,473)

0.49 0.78 -0.38 -0.02 0.35 0.35 0.11

-0.19 1.86 0.61 -0.02 0.42 0.42 0.11
-0.04 -0.41 0.09 0.01 -0.19 -0.19 -0.10
-0.54 -5.70 0.51 0.03 -3.17 -3.17 -5.16
0.66 0.44 0.12 0.24 0.31 0.31 0.59
-0.77 -0.09 0.54 8.12 -0.31 -0.31 -0.62
-2.61 -18.20 3.11 0.16 -4.27 -4.27 -1.53

0.07 0.08 0.07 0.05 0.09 0.09 0.05

 0.14 0.14 0.08 0.01 0.01 0.01 0.00
1.05 0.65 0.99 0.78 0.61 0.61 0.49
1.07 1.50 1.21 1.28 1.52 1.52 1.87

-0.08 -0.53 -0.23 -0.30 -0.55 -0.55 -0.89

-5.30 -23.38 -8.27 -8.22 -12.33 -12.33 -14.31

-7.95 -0.38 0.85 22.63 -0.18 -0.18 0.17

0.41 0.13 0.09 0.11 0.02 0.02 -0.01

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
310,259 378,095 253,390 124,905 103,044 124,594 92,692
438,028 438,028 438,028 438,028 438,028 438,028 438,028
159,867 181,867 181,867 181,867 181,867 181,867 181,867
(287,636) (241,800) (366,505) (494,990) (516,851) (495,301) (527,203)
24,830 44,193 41,129 37,436 33,465 29,699 26,093
1,598,998 1,030,110 873,485 756,609 727,133 660,808 634,075
898,338 604,908 523,202 48,145 302,007 217,631 145,396
665,283 488,178 453,914 15,773 272,328 192,539 144,801
233,055 116,730 69,288 30,107 29,679 25,092 595
0 0 0 2,265 0 0 0
700,660 425,202 350,283 708,464 425,126 443,177 488,679
1,934,087 1,452,398 1,168,003 918,950 863,642 815,101 752,860
837,029 745,903 606,070 404,172 506,457 504,806 491,066
328,129 250,175 154,530 62,292 65,908 46,734 16,838
145,434 136,847 125,857 15,652 93,423 82,189 73,636
363,466 358,881 325,683 326,228 347,126 375,883 400,592
1,097,058 706,495 561,933 514,778 357,185 310,295 261,794
2 12 37 9 18 39 39
7,079 4,828 4,454 3,554 27,402 10,578 4,108
9,110 0 0 33,000 0 0 0
22,000 10,000 10,000 10,000 10,000 10,000 0
38,191 14,840 14,491 46,563 37,420 20,617 4,147
1,058,867 691,655 547,442 468,215 319,765 289,678 257,647

100,876 78,899 46,021 26,911 9,186 2,596 1,866

15,418 11,701 1,795 4,020 4,241 1,582 0
116,294 90,600 47,816 30,931 13,427 4,178 1,866
(625) (55) (583) 0 0 0 0
259,186 169,174 (70,729) (64,657) 4,123 7,101 (25,226)
374,855 259,719 (23,496) (33,726) 17,550 11,279 (23,360)
86,112 83,379 77,194 78,600 79,895 38,991 31,925
216,731 115,894 (120,854) (133,599) (47,066) (10,232) (59,861)
205,845 112,029 (128,888) (134,927) (28,521) 15,378 (37,127)

43,802 43,802 36,300 36,300 36,300 36,300 36,300

 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
251,530 231,789 87,721 107,327 (27,574) 14,216 3,761

0.66 0.30 -0.51 -1.08 -0.28 0.12 -0.40

0.18 0.11 -0.15 -0.63 -0.11 -0.03 -0.23
0.11 0.08 -0.11 -0.15 -0.03 0.02 -0.05
0.55 0.43 5.49 4.00 -1.63 1.36 1.59
0.31 0.35 -2.04 -0.92 0.77 0.37 -0.08
0.42 0.74 -0.60 -0.58 -2.80 2.54 -0.86
4.70 2.56 -3.55 -3.72 -0.79 0.42 -1.02

0.02 0.01 0.01 0.05 0.04 0.03 0.01

0.17 0.17 0.13 0.07 0.08 0.06 0.02
1.57 1.66 1.60 0.73 0.84 0.70 0.54
0.83 0.71 0.75 0.82 0.84 0.81 0.84

0.16 0.26 0.22 0.14 0.12 0.15 0.12

7.08 8.63 6.98 3.44 2.84 3.43 2.55

1.22 2.07 -0.68 -0.80 0.97 0.92 -0.10

0.36 0.55 0.25 0.15 -0.06 0.03 0.01

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available
334,524
300,000
67,424
(32,900)
43,823
133,229
78,862
0
57,882
20,980
54,367
511,576
176,560
108,608
67,609
343
335,016
57
23,317
213,618
0
236,992
 98,024

25,052
19,585
44,637
0
3,841
48,478
20,553
25,600
21,077

30,000
0.05
0.00
109,863

0.06
0.06
0.04
0.43
0.92
0.98
0.70

0.46
0.21
6.16
0.26

0.65
11.15

5.21
2.02

(Thousand Rupees)
2011 2012 2013 2014 2015 Not available Not available
851,125 900,064 928,004 959,564 963,984
978,355 978,355 978,355 978,355 978,355
118,183 137,755 158,997 (18,791) (14,371)
(245,413) (216,046) (209,348) 0 0
(4) (331) 0 0 0
2,412,764 3,813,386 4,517,650 4,565,524 4,260,954
482,311 785,739 1,053,105 3,047,461 2,661,632
0 0 125,000 395,833 237,500
482,311 715,819 808,944 840,235 772,654
 0 69,920 119,161 1,811,393 1,651,478
1,930,453 3,027,647 3,464,545 1,518,063 1,599,322
3,263,885 4,713,119 5,445,654 5,525,088 5,224,938
2,182,561 2,891,162 3,168,152 3,538,481 3,187,084
1,944,578 2,748,159 3,050,492 3,066,596 2,720,495
1,016 1,647 1,774 3,581 2,281
236,967 141,356 115,886 468,304 464,308
1,081,324 1,821,957 2,277,502 1,986,607 2,037,854
7 73 76 140 104
6,778 6,065 3,327 0 0
19,400 188,540 301,347 0 0
0 0 0 0 0
26,185 194,678 304,750 140 104
1,055,139 1,627,279 1,972,752 1,986,467 2,037,750

292,120 438,938 489,446 490,926 469,725

14,756 10,396 18,177 18,411 15,017
306,876 449,334 507,623 509,337 484,742
26,561 36,360 45,040 41,102 51,519
10,822 5,275 11,118 13,966 12,152
344,259 490,969 563,781 564,405 548,413
81,691 81,255 101,187 117,943 111,631
117,345 177,859 157,815 157,944 127,412
76,274 97,856 106,213 109,824 82,688

97,835 97,835 97,835 97,835 97,835

0.05 0.08 0.08 0.00 0.00
0.00 0.00 0.00 0.00 0.00
(584,795) (874,915) (383,275) 39,670 442,391

0.09 0.11 0.11 0.11 0.09

0.09 0.11 0.08 0.04 0.04
0.02 0.02 0.02 0.02 0.02
0.22 0.20 0.19 0.19 0.15
0.89 0.92 0.90 0.90 0.88
1.07 0.83 0.95 1.07 1.35
0.78 1.00 1.09 1.12 0.85

0.01 0.04 0.06 0.00 0.00

0.60 0.58 0.56 0.56 0.52
0.56 0.60 0.66 1.31 1.27
0.74 0.81 0.83 0.83 0.82

0.26 0.19 0.17 0.17 0.18

8.70 9.20 9.49 9.81 9.85

-7.67 -8.94 -3.61 0.36 5.35

-0.30 -0.29 -0.11 0.03 0.28
(Thousand Rupees)
2018
7,715,554
3,706,107
4,036,125
(26,678)
126,296
23,982,778
11,146,761
5,889,089
4,031,104
1,226,568
12,836,017
31,824,628
16,082,386
20,708,433
1,708,860
(6,334,907)
15,742,242
12,172
527,474
842,377
63,291
1,445,314
14,296,928

2,762,686
378,020
3,140,706
638,679
1,153,916
4,933,301
1,294,379
1,857,447
1,430,372

1,563,198
N/A
N/A
(1,340,832)

0.19
0.10
0.04
0.29
0.64
0.90
 0.92

0.05
0.65
1.23
0.75

0.24
4.94

-0.94
-0.10

(Thousand Rupees)
2018
222,863
107,444
42,777
72,642
0
184,509
117,205
0
0
117,205
67,304
407,372
294,578
0
268,819
25,759
112,794
726
0
0
9,291
10,017
102,777

0
64,460
64,460
0
0
64,460
8,234
40,760
 33,794

10,744
0.00
0.00
117,513

0.15
0.12
0.08
0.52
1.00
0.24
3.15

0.02
0.00
1.68
0.45

0.55
20.74

3.48
1.75

Not available
(Thousand Rupees)
2018
69,363
215,000
59,257
(204,894)
0
202,723
 40,975
0
39,224
1,751
161,748
272,086
85,128
83,635
1,431
62
186,958
274
4,021
0
0
4,295
182,663

9,403
0
9,403
0
490
9,893
11,988
(2,689)
(4,378)

21,500
0.00
0.00
(5,557)

-0.06
-0.02
-0.02
-0.44
0.95
-2.74
-0.20

0.02
0.31
1.16
0.75

0.25
 3.23

1.27
-0.03

(Thousand Rupees)
2018
7,248,880
1,392,124
3,428,393
2,428,363
0
19,449,874
9,725,034
5,796,539
3,225,369
703,126
9,724,840
26,698,754
13,183,153
18,840,808
1,304,317
(6,961,972)
13,515,601
1,408
498,407
772,588
0
1,272,403
12,243,198

2,531,120
312,867
2,843,987
633,584
994,388
4,471,959
1,094,162
1,719,754
1,379,623

1,392,124
0.30
0.00
(1,254,704)

0.19
 0.10
0.05
0.31
0.64
0.79
0.99

0.05
0.71
1.39
0.73

0.27
5.21

-0.91
-0.13

(Thousand Rupees)
2018
633,716
253,698
97,437
282,581
93,320
1,821,782
986,793
4,167
587,231
395,395
834,989
2,548,818
1,703,375
1,495,119
40,724
167,532
845,443
0
15,601
40,387
0
55,988
789,455

178,155
0
178,155
 5,090
17,135
200,380
72,584
80,602
69,368

25,370
0.13
0.00
(182,134)

0.11
0.05
0.03
0.35
0.89
1.05
2.73

0.02
0.59
1.01
0.71

0.25
24.98

-2.63
-0.22

(Thousand Rupees)
2018
111,682
320,000
48,466
(256,784)
0
397,318
188,291
0
179,200
9,091
209,027
509,000
344,622
273,330
 5,076
66,216
164,378
88
6,042
0
0
6,130
158,248

31,160
0
31,160
5
286
31,451
43,642
(21,011)
(21,361)

32,000
0.00
0.00
(27,055)

-0.19
-0.07
-0.04
-0.68
0.99
-2.04
-0.67

0.01
0.54
0.79
0.78

0.22
3.49

1.27
-0.13

(Thousand Rupees)
2018
(693,390)
 979,813
177,928
(1,851,131)
10,631
1,385,478
0
0
0
0
1,385,478
702,719
54,211
0
21,541
32,670
648,508
9,645
94
29,402
0
39,141
609,367

9,052
693
9,745
0
2,238
11,983
39,433
(52,263)
(52,674)

45,160
0.00
0.00
(580)

0.08
0.08
-0.08
-4.40
0.81
-0.75
-1.17

0.06
 0.00
0.47
1.97

-0.99
-15.35

0.01
0.00

(Thousand Rupees)
2018
122,440
438,028
181,867
(497,455)
22,345
541,094
88,463
88,383
80
0
452,631
685,879
417,319
15,541
66,952
334,826
268,560
31
3,309
0
54,000
57,340
211,220

3,796
0
3,796
0
139,379
143,175
24,336
92,294
26,000

36,300
 0.00
0.00
11,685

0.21
0.40
0.04
0.18
0.03
0.94
0.72

0.08
0.02
0.59
0.79

0.18
3.37

0.45
0.03

Not available
Not available
Investment Banks - Overall
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 7,500,397 9,526,688 3,861,474 3,956,573
1.Share capital 4,338,053 7,625,153 9,472,352 8,809,385
2.Reserves 1,916,908 1,752,876 (839,614) (892,104)
3.Unappropriated profit/loss 1,245,436 148,659 (4,771,264) (3,960,708)
4.Others 7,989 (711,925) (135,740) (69,578)
B.Total liabilities (B1 + B2) 36,518,018 45,556,092 32,722,638 22,647,951
1.Current liabilities 27,018,735 33,856,343 22,467,310 17,502,134
2.Non-current liabilities 9,499,283 11,699,749 10,255,328 5,145,817
C.Total assets (C1+C2) 44,026,404 54,370,855 36,448,372 26,534,946
1.Current assets (a + b) 32,933,616 38,590,037 22,359,537 18,320,595
a.Cash and banks balances 4,926,145 1,792,740 879,937 627,788
b.Other current assets 28,007,471 36,797,297 21,479,600 17,692,807
2.Non-current assets (a + b + c) 11,092,788 15,780,818 14,088,835 8,214,351
a.Fixed assets 800,487 1,651,142 2,357,479 1,089,410
b.Long-term investments 7,902,283 9,118,257 3,765,840 2,971,874
c.Other non-current assets 2,390,018 5,011,419 7,965,516 4,153,067
D.Profit & loss account
1.Gross revenue 5,554,355 6,599,385 2,808,171 2,862,407
2.Administartive & operating expenses 1,270,194 1,914,881 998,055 1,493,077
3.Operating profit 4,284,161 4,545,526 1,810,116 1,369,330
4.Finance cost 2,571,670 2,977,616 3,259,862 2,235,220
5.Profit/(loss) before taxation 673,562 694,271 (5,043,689) (1,885,521)
6.Profit/(loss) after taxation 693,041 934,899 (4,063,536) (1,343,741)
E.Other items
1.No. of ordinary shares (000) 343,804 676,615 857,235 880,939
2.Cash dividend N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A
4.Cash generated from operating activities 761,062 (1,530,066) (992,255) 3,104,579
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.09 0.10 -1.05 -0.34
2.Return on capital employed (ROCE) (D5/(C-B1)) 0.04 0.03 -0.36 -0.21
3.Return on assets (ROA) (D6/C) 0.02 0.02 -0.11 -0.05
4.Return on revenue (ROR) (D6/D1) 0.12 0.14 -1.45 -0.47
5.Operating expenses to net income (D2/D6) 1.83 2.05 -0.25 -1.11
6.Earning per share (D6/E1) 2.02 1.38 -4.74 -1.53
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times) 1.22 1.14 1.00 1.05
2.Total liabilities to total assets (B/C) (times) 0.83 0.84 0.90 0.85
3.Long term investment to total assets (C2b/C) 0.18 0.17 0.10 0.11
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.17 0.18 0.11 0.15
2.Break up value per share (A/E1) 21.82 14.08 4.50 4.49
I.Cash flow ratio
1.Cash generated from operating activities to profit a 1.10 -1.64 0.24 -2.31
Escorts Investment Bank Ltd.
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 802,233 851,850 597,403 366,292
1.Share capital 441,000 441,000 441,000 441,000
2.Reserves 126,487 154,050 154,050 154,050
3.Unappropriated profit/loss 234,746 256,800 2,353 (228,758)
4.Others (15,402) (3,533) 7,269 6,824
B.Total liabilities (B1 + B2) 5,147,829 5,648,593 1,502,971 1,289,870
1.Current liabilities 4,168,563 4,737,057 971,888 866,129
2.Non-current liabilities 979,266 911,536 531,083 423,741
C.Total assets (C1+C2) 5,934,660 6,496,910 2,107,643 1,662,986
1.Current assets (a + b) 5,013,161 5,394,443 1,108,243 851,787
a.Cash and banks balances 133,428 306,542 19,478 19,508
b.Other current assets 4,879,733 5,087,901 1,088,765 832,279
2.Non-current assets (a + b + c) 921,499 1,102,467 999,400 811,199
a.Fixed assets 143,160 135,383 106,581 90,658
b.Long-term investments 569,162 556,374 544,938 530,943
c.Other non-current assets 209,177 410,710 347,881 189,598
D.Profit & loss account
1.Gross revenue 841,512 804,919 356,524 182,339
2.Administartive & operating expenses 216,349 238,319 141,833 91,007
3.Operating profit 625,163 566,600 214,691 91,332
4.Finance cost 163,248 201,267 92,854 32,358
5.Profit/(loss) before taxation 141,201 94,512 3,803 (111,835)
6.Profit/(loss) after taxation 130,164 137,817 (166,247) (115,298)
E.Other items
1.No. of ordinary shares (000) 44,100 44,100 44,100 44,100
2.Cash dividend 0.20 0.20 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (454,432) 259,937 (124,831) 188,243
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.16 0.16 -0.28 -0.31
2.Return on capital employed (ROCE) (D5/(C-B1)) 0.08 0.05 0.00 -0.14
3.Return on assets (ROA) (D6/C) 0.02 0.02 -0.08 -0.07
4.Return on revenue (ROR) (D6/D1) 0.15 0.17 -0.47 -0.63
5.Operating expenses to net income (D2/D6) 1.66 1.73 -0.85 -0.79
6.Earning per share (D6/E1) 2.95 3.13 -3.77 -2.61
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times) 1.20 1.14 1.14 0.98
2.Total liabilities to total assets (B/C) (times) 0.87 0.87 0.71 0.78
3.Long term investment to total assets (C2b/C) 0.10 0.09 0.26 0.32
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.14 0.13 0.28 0.22
2.Break up value per share (A/E1) 18.19 19.32 13.55 8.31
I.Cash flow ratio
1.Cash generated from operating activities to profit a -3.49 1.89 0.75 -1.63
First Credit and Investment Bank
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 553,901 557,982 808,568 816,442
1.Share capital 119,582 400,000 650,000 650,000
2.Reserves 111,350 114,558 116,089 117,663
3.Unappropriated profit/loss 322,969 43,424 42,479 48,779
4.Others (6,392) (7,800) (22,388) (14,967)
B.Total liabilities (B1 + B2) 1,510,995 1,179,071 1,014,317 663,249
1.Current liabilities 1,301,977 1,089,771 1,014,217 533,249
2.Non-current liabilities 209,018 89,300 100 130,000
C.Total assets (C1+C2) 2,058,504 1,729,253 1,800,497 1,464,724
1.Current assets (a + b) 1,279,324 1,000,427 835,328 621,476
a.Cash and banks balances 25,187 13,969 31,469 18,898
b.Other current assets 1,254,137 986,458 803,859 602,578
2.Non-current assets (a + b + c) 779,180 728,826 965,169 843,248
a.Fixed assets 12,478 9,730 6,943 4,461
b.Long-term investments 434,867 629,687 788,163 786,088
c.Other non-current assets 331,835 89,409 170,063 52,699
D.Profit & loss account
1.Gross revenue 190,286 178,306 214,296 164,282
2.Administartive & operating expenses 29,860 39,328 46,240 49,064
3.Operating profit 160,426 0 168,056 115,218
4.Finance cost 102,522 102,461 106,488 81,280
5.Profit/(loss) before taxation 57,377 24,923 12,751 5,015
6.Profit/(loss) after taxation 55,673 16,038 7,655 7,874
E.Other items
1.No. of ordinary shares (000) 11,958 44,100 65,000 65,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (208,675) (12,572) 388,496 351,427
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.10 0.03 0.01 0.01
2.Return on capital employed (ROCE) (D5/(C-B1)) 0.08 0.04 0.02 0.01
3.Return on assets (ROA) (D6/C) 0.03 0.01 0.00 0.01
4.Return on revenue (ROR) (D6/D1) 0.29 0.09 0.04 0.05
5.Operating expenses to net income (D2/D6) 0.54 2.45 6.04 6.23
6.Earning per share (D6/E1) 4.66 0.36 0.12 0.12
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times) 0.98 0.92 0.82 1.17
2.Total liabilities to total assets (B/C) (times) 0.73 0.68 0.56 0.45
3.Long term investment to total assets (C2b/C) 0.21 0.36 0.44 0.54
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.27 0.32 0.45 0.56
2.Break up value per share (A/E1) 46.32 12.65 12.44 12.56
I.Cash flow ratio
1.Cash generated from operating activities to profit a -3.75 -0.78 50.75 44.63
First Dawood Investment Bank Ltd.
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,591,618 1,778,996 (403,246) 688,563
1.Share capital 495,251 569,539 626,493 1,342,326
2.Reserves 896,450 1,024,030 258,210 333,745
3.Unappropriated profit/loss 199,917 185,427 (1,287,949) (987,508)
4.Others 0 0 (115,445) (67,871)
B.Total liabilities (B1 + B2) 10,626,519 9,285,199 5,655,107 2,527,415
1.Current liabilities 8,829,838 7,102,703 4,339,578 1,309,872
2.Non-current liabilities 1,796,681 2,182,496 1,315,529 1,217,543
C.Total assets (C1+C2) 12,218,137 11,064,195 5,136,416 3,148,107
1.Current assets (a + b) 10,069,105 8,667,974 3,444,409 2,291,378
a.Cash and banks balances 9,404 33,756 194,340 146,587
b.Other current assets 10,059,701 8,634,218 3,250,069 2,144,791
2.Non-current assets (a + b + c) 2,149,032 2,396,221 1,692,007 856,729
a.Fixed assets 11,974 62,028 85,681 9,432
b.Long-term investments 1,415,586 1,064,499 410,190 22,961
c.Other non-current assets 721,472 1,269,694 1,196,136 824,336
D.Profit & loss account
1.Gross revenue 1,235,302 1,468,881 235,222 292,791
2.Administartive & operating expenses 72,881 97,377 94,049 99,623
3.Operating profit 1,162,421 1,371,504 141,173 193,168
4.Finance cost 840,610 980,004 1,128,269 123,891
5.Profit/(loss) before taxation 178,477 36,112 (1,807,575) 234,253
6.Profit/(loss) after taxation 179,520 113,655 (1,791,422) 377,676
E.Other items
1.No. of ordinary shares (000) 49,525 56,954 62,649 134,233
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.15 0.10 0.00 0.00
4.Cash generated from operating activities 846,221 (256,868) (485,352) 1,190,133
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.11 0.00 4.44 0.55
2.Return on capital employed (ROCE) (D5/(C-B1)) 0.05 0.00 -2.27 0.13
3.Return on assets (ROA) (D6/C) 0.01 0.00 -0.35 0.12
4.Return on revenue (ROR) (D6/D1) 0.15 0.00 -7.62 1.29
5.Operating expenses to net income (D2/D6) 0.41 0.01 -0.05 0.26
6.Earning per share (D6/E1) 3.63 2.00 -28.59 2.81
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times) 1.14 1.22 0.79 1.75
2.Total liabilities to total assets (B/C) (times) 0.87 0.84 1.10 0.80
3.Long term investment to total assets (C2b/C) 0.12 0.00 0.08 0.01
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.13 0.00 -0.08 0.22
2.Break up value per share (A/E1) 32.14 31.24 -6.44 5.13
I.Cash flow ratio
1.Cash generated from operating activities to profit a 4.71 -2.26 0.27 3.15
IGI Investment Bank Ltd.
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,067,535 2,244,315 1,869,229 1,383,636
1.Share capital 922,184 2,121,025 2,121,025 2,121,025
2.Reserves 152,506 136,831 136,831 115,145
3.Unappropriated profit/loss (7,155) (13,541) (388,627) (852,534)
4.Others (17,977) (62,069) (1,767) (38,096)
B.Total liabilities (B1 + B2) 5,599,458 7,649,150 4,681,192 7,170,566
1.Current liabilities 3,425,647 6,040,538 3,991,601 6,552,288
2.Non-current liabilities 2,173,811 1,608,612 689,591 618,278
C.Total assets (C1+C2) 6,649,016 9,831,396 6,548,654 8,516,106
1.Current assets (a + b) 3,975,682 6,997,249 4,018,714 6,433,626
a.Cash and banks balances 269,966 849,863 112,664 216,618
b.Other current assets 3,705,716 6,147,386 3,906,050 6,217,008
2.Non-current assets (a + b + c) 2,673,334 2,834,147 2,529,940 2,082,480
a.Fixed assets 85,573 112,052 88,449 188,030
b.Long-term investments 1,877,310 2,310,472 1,293,943 1,392,615
c.Other non-current assets 710,451 411,623 1,147,548 501,835
D.Profit & loss account
1.Gross revenue 585,990 764,137 769,368 1,047,236
2.Administartive & operating expenses 207,995 234,108 208,593 423,043
3.Operating profit 377,995 530,029 560,775 624,193
4.Finance cost 482,873 571,086 643,352 705,419
5.Profit/(loss) before taxation (79,267) (45,637) (450,654) (399,790)
6.Profit/(loss) after taxation (39,157) (6,386) 375,086 (164,268)
E.Other items
1.No. of ordinary shares (000) 92,218 212,102 212,102 212,102
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 111,248 (368,225) 157,909 676,242
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) -0.04 0.00 0.20 -0.12
2.Return on capital employed (ROCE) (D5/(C-B1)) -0.02 -0.01 -0.18 -0.20
3.Return on assets (ROA) (D6/C) -0.01 0.00 0.06 -0.02
4.Return on revenue (ROR) (D6/D1) -0.07 -0.01 0.49 -0.16
5.Operating expenses to net income (D2/D6) -5.31 -36.66 0.56 -2.58
6.Earning per share (D6/E1) -0.43 -0.03 1.77 -0.77
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times) 1.16 1.16 1.01 0.98
2.Total liabilities to total assets (B/C) (times) 0.84 0.78 0.71 0.84
3.Long term investment to total assets (C2b/C) 0.28 0.24 0.20 0.16
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.16 0.23 0.29 0.16
2.Break up value per share (A/E1) 11.58 10.58 8.81 6.52
I.Cash flow ratio
1.Cash generated from operating activities to profit a -2.84 57.66 0.42 -4.12
Invest Capital Investment Bank Ltd.
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) (257,893) 380,238 853,716 214,273
1.Share capital 100,000 746,424 2,727,669 2,848,669
2.Reserves 2,388 (347,924) (2,022,076) (2,022,076)
3.Unappropriated profit/loss (360,281) (18,262) 148,123 (612,320)
4.Others 214,154 190,476 144,871 17,189
B.Total liabilities (B1 + B2) 64,955 1,457,526 6,848,396 4,841,876
1.Current liabilities 64,659 1,456,235 4,779,208 3,896,071
2.Non-current liabilities 296 1,291 2,069,188 945,805
C.Total assets (C1+C2) 21,216 2,028,240 7,846,983 5,073,338
1.Current assets (a + b) 15,956 1,646,427 5,073,978 3,686,464
a.Cash and banks balances 409 59,435 248,332 75,318
b.Other current assets 15,547 1,586,992 4,825,646 3,611,146
2.Non-current assets (a + b + c) 5,260 381,813 2,773,005 1,386,874
a.Fixed assets 1,109 159,020 946,976 463,409
b.Long-term investments 4,051 189,738 175,439 128,543
c.Other non-current assets 100 33,055 1,650,590 794,922
D.Profit & loss account
1.Gross revenue 3,790 298,511 126,349 636,391
2.Administartive & operating expenses 11,398 211,663 (239,922) 612,798
3.Operating profit (7,608) 86,848 366,271 23,593
4.Finance cost 1,265 88,794 (60,849) 561,067
5.Profit/(loss) before taxation (34,004) (4,521) 175,970 (717,297)
6.Profit/(loss) after taxation (34,022) (19,468) 165,350 (761,121)
E.Other items
1.No. of ordinary shares (000) 10,000 74,642 272,767 284,867
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (7,895) (380,013) 374,906 554,605
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.13 0.00 0.19 -3.55
2.Return on capital employed (ROCE) (D5/(C-B1)) 0.78 0.00 0.06 -0.61
3.Return on assets (ROA) (D6/C) -1.60 0.00 0.02 -0.15
4.Return on revenue (ROR) (D6/D1) -8.98 0.00 1.31 -1.20
5.Operating expenses to net income (D2/D6) -0.34 -0.11 -1.45 -0.81
6.Earning per share (D6/E1) -3.40 -0.26 0.61 -2.67
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times) 0.25 1.13 1.06 0.95
2.Total liabilities to total assets (B/C) (times) 3.06 0.72 0.87 0.95
3.Long term investment to total assets (C2b/C) 0.19 0.00 0.02 0.03
H.Capital /leverage ratios
1.Capital ratio (A/C) -12.16 0.00 0.11 0.04
2.Break up value per share (A/E1) -25.79 5.09 3.13 0.75
I.Cash flow ratio
1.Cash generated from operating activities to profit a 0.23 19.52 2.27 -0.73
Security Investment Bank Ltd.
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 654,086 680,706 488,012 511,929
1.Share capital 428,613 514,336 514,336 514,336
2.Reserves 134,326 139,650 139,650 141,611
3.Unappropriated profit/loss 91,147 26,720 (165,974) (144,018)
4.Others (61,447) (376,279) (37,333) (45,313)
B.Total liabilities (B1 + B2) 2,209,426 627,119 508,819 296,883
1.Current liabilities 2,204,250 620,833 500,880 296,883
2.Non-current liabilities 5,176 6,286 7,939 0
C.Total assets (C1+C2) 2,802,065 931,546 959,498 763,499
1.Current assets (a + b) 2,596,093 699,235 738,195 632,472
a.Cash and banks balances 102,460 26,255 28,117 7,664
b.Other current assets 2,493,633 672,980 710,078 624,808
2.Non-current assets (a + b + c) 205,972 232,311 221,303 131,027
a.Fixed assets 5,747 4,919 3,630 1,813
b.Long-term investments 151,299 151,220 151,141 51,062
c.Other non-current assets 48,926 76,172 66,532 78,152
D.Profit & loss account
1.Gross revenue 315,726 192,045 64,289 88,186
2.Administartive & operating expenses 33,376 31,435 27,399 33,842
3.Operating profit 282,350 160,610 36,890 54,344
4.Finance cost 0 0 0 45,637
5.Profit/(loss) before taxation 97,778 26,828 (202,728) 8,708
6.Profit/(loss) after taxation 89,244 26,619 (192,693) 13,204
E.Other items
1.No. of ordinary shares (000) 42,861 51,434 51,434 51,434
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.20 0.00 0.00 0.00
4.Cash generated from operating activities (156,345) (27,543) (31,171) (168,174)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.14 0.00 -0.39 0.03
2.Return on capital employed (ROCE) (D5/(C-B1)) 0.16 0.00 -0.44 0.02
3.Return on assets (ROA) (D6/C) 0.03 0.00 -0.20 0.02
4.Return on revenue (ROR) (D6/D1) 0.28 0.00 -3.00 0.15
5.Operating expenses to net income (D2/D6) 0.37 0.01 -0.14 2.56
6.Earning per share (D6/E1) 2.08 0.52 -3.75 0.26
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times) 1.18 1.13 1.47 2.13
2.Total liabilities to total assets (B/C) (times) 0.79 0.67 0.53 0.39
3.Long term investment to total assets (C2b/C) 0.05 0.00 0.16 0.07
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.23 0.01 0.51 0.67
2.Break up value per share (A/E1) 15.26 13.24 9.49 9.95
I.Cash flow ratio
1.Cash generated from operating activities to profit a -1.75 -1.04 0.16 -12.74
Trust Investment Bank Ltd.
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,016,064 1,095,609 380,731 (24,562)
1.Share capital 468,423 585,529 585,529 892,029
2.Reserves 308,517 267,758 267,759 267,758
3.Unappropriated profit/loss 239,124 242,322 (472,557) (1,184,349)
4.Others 6,594 (270,341) (220,625) 72,656
B.Total liabilities (B1 + B2) 5,421,020 7,106,813 6,315,225 5,858,092
1.Current liabilities 2,784,226 4,776,224 4,243,904 4,047,642
2.Non-current liabilities 2,636,794 2,330,589 2,071,321 1,810,450
C.Total assets (C1+C2) 6,443,678 7,932,081 6,475,331 5,906,186
1.Current assets (a + b) 3,201,624 3,510,993 4,277,208 3,803,392
a.Cash and banks balances 200,947 93,289 158,792 143,195
b.Other current assets 3,000,677 3,417,704 4,118,416 3,660,197
2.Non-current assets (a + b + c) 3,242,054 4,421,088 2,198,123 2,102,794
a.Fixed assets 108,061 157,284 110,710 331,607
b.Long-term investments 3,018,135 3,420,843 162,976 59,662
c.Other non-current assets 115,858 842,961 1,924,437 1,711,525
D.Profit & loss account
1.Gross revenue 732,403 949,051 694,857 451,182
2.Administartive & operating expenses 165,415 193,656 173,142 183,700
3.Operating profit 566,988 755,395 521,715 267,482
4.Finance cost 428,762 538,473 875,119 685,568
5.Profit/(loss) before taxation 115,547 66,124 (976,389) (904,575)
6.Profit/(loss) after taxation 103,047 149,783 (715,226) (701,808)
E.Other items
1.No. of ordinary shares (000) 46,842 58,553 58,553 89,203
2.Cash dividend 0.15 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.25 0.00 0.00 0.00
4.Cash generated from operating activities 943,352 (1,211,474) 660,426 312,103
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.10 0.14 -1.88 28.57
2.Return on capital employed (ROCE) (D5/(C-B1)) 0.03 0.02 -0.44 -0.49
3.Return on assets (ROA) (D6/C) 0.02 0.02 -0.11 -0.12
4.Return on revenue (ROR) (D6/D1) 0.14 0.16 -1.03 -1.56
5.Operating expenses to net income (D2/D6) 1.61 1.29 -0.24 -0.26
6.Earning per share (D6/E1) 2.20 2.56 -12.22 -7.87
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times) 1.15 0.74 1.01 0.94
2.Total liabilities to total assets (B/C) (times) 0.84 0.90 0.98 0.99
3.Long term investment to total assets (C2b/C) 0.47 0.43 0.03 0.01
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.16 0.14 0.06 0.00
2.Break up value per share (A/E1) 21.69 18.71 6.50 -0.28
I.Cash flow ratio
1.Cash generated from operating activities to profit a 9.15 -8.09 -0.92 -0.44
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
3,075,022 1,566,205 499,577 (260,669) (328,578) 426,094 1,079,161 1,061,381
8,809,385 8,809,385 8,809,385 8,809,385 8,950,959 8,950,959 7,321,887 7,321,887
(858,318) (857,760) (852,569) (849,331) (854,778) (609,167) (694,201) (667,028)
(4,876,045) (6,385,420) (7,457,239) (8,220,723) (8,424,759) (7,915,698) (5,548,525) (5,593,478)
(105,833) (25,399) 660,550 689,084 670,066 3,710,284 2,671,491 2,641,347
21,456,869 14,142,235 10,912,738 10,515,132 10,121,712 6,679,418 5,588,530 6,416,980
17,766,231 11,751,285 8,235,741 7,188,761 6,493,632 5,341,756 4,054,026 4,871,426
3,690,638 2,390,950 2,676,997 3,326,371 3,628,080 1,337,662 1,534,504 1,545,554
24,426,058 15,683,041 12,072,865 10,943,546 10,463,200 10,815,796 9,339,182 10,119,708
18,686,973 10,855,751 7,760,538 6,832,848 5,360,468 5,314,974 4,689,481 5,568,914
346,509 483,765 320,918 233,487 300,789 314,494 287,681 1,092,007
18,340,464 10,371,986 7,439,620 6,599,361 5,059,679 5,000,480 4,401,800 4,476,907
5,739,085 4,827,290 4,312,327 4,110,698 5,102,732 5,500,822 4,649,701 4,550,794
893,086 934,697 1,251,020 1,731,111 1,265,993 1,003,290 802,538 834,173
1,248,919 1,102,393 958,758 997,772 783,350 2,879,754 2,696,293 2,503,564
3,597,080 2,790,200 2,102,549 1,381,815 3,053,389 1,617,778 1,150,870 1,213,057

2,326,809 1,529,708 897,821 675,004 663,841 574,856 297,767 340,116

1,019,462 833,150 653,923 546,639 532,436 489,914 302,527 437,533
1,307,347 696,558 243,898 128,365 131,405 84,942 (4,760) (97,417)
2,000,693 1,496,584 414,558 190,190 54,576 43,576 58,091 61,742
(771,710) (2,355,049) (326,234) (166,124) 31,952 58,462 50,044 (13,095)
(859,567) (2,093,629) 749,426 (188,900) (186,022) 505,280 (290,781) 38,127

880,940 880,940 880,940 880,940 895,097 895,096 732,189 732,189

N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A
(205,553) 1,001,312 (240,378) (983,409) 236,164 (339,432) (361,801) (420,991)

-0.28 -1.34 1.50 0.72 0.57 1.19 -0.27 0.04

-0.12 -0.60 -0.09 -0.04 0.01 0.01 0.01 0.00
-0.04 -0.13 0.06 -0.02 -0.02 0.05 -0.03 0.00
-0.37 -1.37 0.83 -0.28 -0.28 0.88 -0.98 0.11
-1.19 -0.40 0.87 -2.89 -2.86 0.97 -1.04 11.48
-0.98 -2.38 0.85 -0.21 -0.21 0.56 -0.40 0.05

1.05 0.92 0.94 0.95 0.83 0.99 1.16 1.14

0.88 0.90 0.90 0.96 0.97 0.62 0.60 0.63
0.05 0.07 0.08 0.09 0.07 0.27 0.29 0.25

0.13 0.10 0.04 -0.02 -0.03 0.04 0.12 0.10

3.49 1.78 0.57 -0.30 -0.37 0.48 1.47 1.45

0.24 -0.48 -0.32 5.21 -1.27 -0.67 1.24 -11.04

 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
304,107 268,703 267,977 223,814 188,885 351,598 233,418 80,058
441,000 441,000 441,000 441,000 441,000 441,000 441,000 441,000
154,050 154,050 158,497 158,497 158,497 158,497 158,497 158,497
(290,943) (326,347) (331,520) (375,683) (410,612) (247,899) (366,079) (519,439)
(2,499) 31,067 31,074 26,818 26,826 21,473 20,695 19,942
1,854,696 1,699,759 958,568 1,498,996 1,332,129 879,911 733,835 1,419,940
1,736,893 1,462,806 684,265 1,104,230 1,042,013 599,375 218,182 769,000
117,803 236,953 274,303 394,766 290,116 280,536 515,653 650,940
2,156,304 1,999,529 1,257,619 1,749,628 1,547,840 1,252,982 987,948 1,519,940
1,723,184 1,567,758 778,629 1,298,298 1,063,817 485,045 404,282 1,221,108
26,434 48,339 49,239 53,225 29,359 4,010 8,143 756,000
1,696,750 1,519,419 729,390 1,245,073 1,034,458 481,035 396,139 465,108
433,120 431,771 478,990 451,330 484,023 767,937 583,666 298,832
82,481 109,504 105,879 114,259 106,882 96,045 85,892 102,898
157,234 100,994 100,981 149,409 149,352 275,780 175,004 216
193,405 221,273 272,130 187,662 227,789 396,112 322,770 195,718

226,765 249,454 239,709 190,833 217,988 100,169 35,565 31,809

85,905 71,410 78,682 117,899 134,989 105,026 61,514 206,529
140,860 178,044 161,027 72,934 82,999 (4,857) (25,949) (174,720)
76,167 126,929 78,102 4,371 144 113 30 52
(64,410) (44,359) (1,910) (40,213) (61,604) (123,213) (94,333) (233,161)
(62,185) (35,404) (2,637) (45,978) (36,654) (127,769) (119,269) (154,409)

44,100 44,100 44,100 44,100 44,100 44,100 44,100 44,100

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
134,072 3,184 4,552 65,486 416 (22,872) (194,758) (228,993)

-0.20 -0.13 -0.01 -0.21 -0.19 -0.36 -0.51 -1.93

-0.15 -0.08 0.00 -0.06 -0.12 -0.19 -0.12 -0.31
-0.03 -0.02 0.00 -0.03 -0.02 -0.10 -0.12 -0.10
-0.27 -0.14 -0.01 -0.24 -0.17 -1.28 -3.35 -4.85
-1.38 -2.02 -29.84 -2.56 -3.68 -0.82 -0.52 -1.34
-1.41 -0.80 -0.06 -1.04 -0.83 -2.90 -2.70 -3.50

0.99 1.07 1.14 1.18 1.02 0.81 1.85 1.59

0.86 0.85 0.76 0.86 0.86 0.70 0.74 0.93
0.07 0.05 0.08 0.09 0.10 0.22 0.18 0.00

0.14 0.13 0.21 0.13 0.12 0.28 0.24 0.05

6.90 6.09 6.08 5.08 4.28 7.97 5.29 1.82

-2.16 -0.09 -1.73 -1.42 -0.01 0.18 1.63 1.48

 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
727,979 657,577 651,245 649,417 672,776 716,955 723,948 733,093
650,000 650,000 650,000 650,000 650,000 650,000 650,000 650,000
117,663 117,663 117,663 117,942 122,546 131,318 132,745 134,583
(39,684) (110,086) (116,418) (118,525) (99,770) (64,363) (58,797) (51,490)
(12,587) (19,447) (10,212) (10,384) (10,372) (10,524) (8,021) (10,843)
802,483 583,742 197,097 98,521 30,214 305,817 439,381 605,113
594,358 449,542 117,097 90,353 26,288 111,099 245,740 477,349
208,125 134,200 80,000 8,168 3,926 194,718 193,641 127,764
1,517,875 1,221,872 838,130 737,554 692,618 1,012,248 1,155,308 1,327,363
699,191 504,951 421,197 182,852 360,288 801,906 882,614 855,967
8,598 4,514 5,634 382 8,880 16,276 219,306 209,076
690,593 500,437 415,563 182,470 351,408 785,630 663,308 646,891
818,684 716,921 416,933 554,702 332,330 210,342 272,694 471,396
12,072 13,025 9,397 6,599 6,077 3,393 2,742 5,856
676,605 560,575 265,544 413,544 199,526 85,853 70,946 39,978
130,007 143,321 141,992 134,559 126,727 121,096 199,006 425,562

137,804 139,198 92,611 60,453 81,247 99,018 79,945 102,649

49,177 49,027 54,412 42,455 43,973 43,214 46,552 41,157
88,627 90,171 38,199 17,998 37,274 55,804 33,393 61,492
92,344 91,041 36,131 12,402 9,723 3,153 25,851 44,924
(136,419) (85,113) (14,334) 4,023 28,665 65,203 11,720 15,802
(88,462) (71,197) (6,271) 1,394 23,016 43,864 7,132 9,190

65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(115,855) 144,075 (180,336) 6,458 47,623 (44,126) 76,539 51,587

-0.12 -0.11 -0.01 0.00 0.03 0.06 0.01 0.01

-0.15 -0.11 -0.02 0.01 0.04 0.07 0.01 0.02
-0.06 -0.06 -0.01 0.00 0.03 0.04 0.01 0.01
-0.64 -0.51 -0.07 0.02 0.28 0.44 0.09 0.09
-0.56 -0.69 -8.68 30.46 1.91 0.99 6.53 4.48
-1.36 -1.10 -0.10 0.02 0.35 0.67 0.11 0.14

1.18 1.12 3.60 2.02 13.71 7.22 3.59 1.79

0.53 0.48 0.24 0.13 0.04 0.30 0.38 0.46
0.45 0.46 0.32 0.56 0.29 0.08 0.06 0.03

0.48 0.54 0.78 0.88 0.97 0.71 0.63 0.55

11.20 10.12 10.02 9.99 10.35 11.03 11.14 11.28

1.31 -2.02 28.76 4.63 2.07 -1.01 10.73 5.61

 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
615,906 210,885 232,161 62,583 185,325 685,594 400,955 502,581
1,342,326 1,342,326 1,342,326 1,342,326 1,483,900 1,483,900 1,483,900 1,483,900
333,745 333,745 333,745 333,745 335,047 435,100 435,100 455,426
(1,060,165) (1,465,186) (1,443,910) (1,613,488) (1,633,622) (1,233,406) (1,518,045) (1,436,745)
(24,762) (9,988) (5,006) (6,983) (3,298) (9,531) 8,498 (4,602)
1,233,747 952,970 925,733 947,291 783,832 667,597 649,155 532,628
656,529 669,075 844,226 947,272 783,813 667,597 523,415 463,488
577,218 283,895 81,507 19 19 0 125,740 69,140
1,824,891 1,153,867 1,152,888 1,002,891 965,859 1,343,660 1,058,608 1,030,607
1,298,387 684,799 562,997 534,388 481,637 393,083 441,293 397,437
114,052 139,860 67,003 25,979 49,162 6,102 4,084 90,515
1,184,335 544,939 495,994 508,409 432,475 386,981 437,209 306,922
526,504 469,068 589,891 468,503 484,222 950,577 617,315 633,170
69,471 7,487 4,796 5,524 2,289 2,530 1,714 1,223
163,947 186,929 195,985 188,083 187,478 201,431 230,250 214,719
293,086 274,652 389,110 274,896 294,455 746,616 385,351 417,228

192,259 14,730 77,387 27,825 45,901 35,122 31,877 16,236

88,027 84,482 73,224 66,023 41,845 41,056 39,216 37,463
104,232 (69,752) 4,163 (38,198) 4,056 (5,934) (7,339) (21,227)
18,403 4,875 14,994 49,476 45,528 19,443 8 3
12,905 (408,083) (18,886) (140,907) 6,780 22,471 11,721 103,475
(44,024) (376,388) (140,945) (140,945) 6,509 500,269 (284,639) 101,626

134,233 134,233 134,233 134,233 148,390 148,390 148,390 148,390

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
320,540 99,447 (3,028) (26,315) 49,550 (6,843) (11,305) 20,036

-0.07 -1.78 -0.61 -2.25 0.04 0.73 -0.71 0.20

0.01 -0.84 -0.06 -2.53 0.04 0.03 0.02 0.18
-0.02 -0.33 -0.12 -0.14 0.01 0.37 -0.27 0.10
-0.23 -25.55 -1.82 -5.07 0.14 14.24 -8.93 6.26
-2.00 -0.22 -0.52 -0.47 6.43 0.08 -0.14 0.37
-0.33 -2.80 -1.05 -1.05 0.04 3.37 -1.92 0.68

1.98 1.02 0.67 0.56 0.61 0.59 0.84 0.86

0.68 0.83 0.80 0.94 0.81 0.50 0.61 0.52
0.09 0.16 0.17 0.19 0.19 0.15 0.22 0.21

0.34 0.18 0.20 0.06 0.19 0.51 0.38 0.49

4.59 1.57 1.73 0.47 1.25 4.62 2.70 3.39

-7.28 -0.26 0.02 0.19 7.61 -0.01 0.04 0.20

 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 Not available Not available
1,112,018 1,158,179 (149,953) (269,075) (463,775) (444,204)
2,121,025 2,121,025 2,121,025 2,121,025 2,121,025 2,121,025
115,145 115,145 115,190 115,190 118,691 118,691
(1,124,152) (1,077,991) (2,386,168) (2,505,290) (2,703,491) (2,683,920)
(55,444) (37,372) 651,367 650,000 650,000 651,204
8,258,383 3,259,742 1,762,784 1,012,550 850,901 890,455
7,799,232 2,867,370 1,564,462 727,550 597,901 654,455
459,151 392,372 198,322 285,000 253,000 236,000
9,314,957 4,380,549 2,264,198 1,393,475 1,037,126 1,097,455
7,905,249 2,985,022 1,778,213 950,329 841,066 900,502
138,606 182,851 147,472 75,665 192,791 245,851
7,766,643 2,802,171 1,630,741 874,664 648,275 654,651
1,409,708 1,395,527 485,985 443,146 196,060 196,953
151,764 153,837 52,818 38,745 42,727 42,735
784,610 26,179 89,847 78,038 61,136 62,340
473,334 1,215,511 343,320 326,363 92,197 91,878

923,231 609,533 239,085 129,942 172,423 154,455

380,537 287,174 198,310 137,738 157,575 153,179
542,694 322,359 40,775 (7,796) 14,848 1,276
873,001 565,336 234,161 62,462 3,242 853
(208,767) (814,460) (372,330) (110,382) 34,699 23,036
(271,618) (603,884) 673,711 (119,122) (194,700) 19,571

212,102 212,103 212,103 212,103 212,103 212,103

0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
(622,551) 494,834 219,730 (643,362) 91,873 69,296

-0.24 -0.52 -4.49 0.44 0.42 -0.04

-0.14 -0.54 -0.53 -0.17 0.08 0.05
-0.03 -0.14 0.30 -0.09 -0.19 0.02
-0.29 -0.99 2.82 -0.92 -1.13 0.13
-1.40 -0.48 0.29 -1.16 -0.81 7.83
-1.28 -2.85 3.18 -0.56 -0.92 0.09

1.01 1.04 1.14 1.31 1.41 1.38

0.89 0.74 0.78 0.73 0.82 0.81
0.08 0.01 0.04 0.06 0.06 0.06

0.12 0.26 -0.07 -0.19 -0.45 -0.40

5.24 5.46 -0.71 -1.27 -2.19 -2.09

2.29 -0.82 0.33 5.40 -0.47 3.54

 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
(299,028) (289,723) 71,344 170,068 176,224 236,868 227,469 235,288
2,848,669 2,848,669 2,848,669 2,848,669 2,848,669 2,848,669 2,848,669 2,848,669
(2,022,076) (2,022,076) (2,022,076) (2,022,076) (2,022,076) (1,900,433) (1,900,432) (1,898,868)
(1,125,621) (1,116,316) (755,249) (656,525) (650,369) (711,368) (720,768) (714,513)
9,259 8,676 (1,418) 11,908 7,005 6,673 12,125 13,098
3,677,196 2,468,157 1,330,888 1,170,678 1,029,605 874,559 831,203 790,925
2,997,097 1,991,616 1,102,297 909,404 838,702 512,331 470,874 614,908
680,099 476,541 228,591 261,274 190,903 362,228 360,329 176,017
3,387,427 2,187,110 1,400,814 1,352,653 1,212,834 1,118,100 1,070,797 1,039,311
2,531,467 1,670,629 863,284 757,826 667,004 587,107 518,150 514,170
15,341 62,199 11,451 10,933 2,027 3,219 14,714 10,161
2,516,126 1,608,430 851,833 746,893 664,977 583,888 503,436 504,009
855,960 516,481 537,530 594,827 545,830 530,993 552,647 525,141
310,817 199,006 80,512 70,495 153,987 147,147 135,471 116,783
112,882 84,906 74,719 109,323 162,016 167,304 212,160 254,872
432,261 232,569 382,299 415,009 229,827 216,542 205,016 153,486

215,467 190,148 107,919 76,157 64,351 58,775 35,400 59,222

228,676 156,939 101,618 51,782 38,323 30,998 33,192 31,521
(13,209) 33,209 6,301 24,375 26,028 27,777 2,208 27,701
325,595 110,536 (29,787) 24,654 (8,768) 16,092 28,510 7,501
(435,909) 10,982 205,117 100,566 6,844 39,191 (9,205) 8,424
(436,621) 9,305 351,809 98,725 6,155 40,257 (9,400) 7,819

284,867 284,867 284,867 284,867 284,867 284,867 284,867 284,867

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
105,597 (123,566) 18,132 93,260 114,799 17,903 42,460 65,603

1.46 -0.03 4.93 0.58 0.03 0.17 -0.04 0.03

-1.12 0.06 0.69 0.23 0.02 0.06 -0.02 0.02
-0.13 0.00 0.25 0.07 0.01 0.04 -0.01 0.01
-2.03 0.05 3.26 1.30 0.10 0.68 -0.27 0.13
-0.52 16.87 0.29 0.52 6.23 0.77 -3.53 4.03
-1.53 0.03 1.23 0.35 0.02 0.14 -0.03 0.03

0.84 0.84 0.78 0.83 0.80 1.15 1.10 0.84

1.09 1.13 0.95 0.87 0.85 0.78 0.78 0.76
0.03 0.04 0.05 0.08 0.13 0.15 0.20 0.25

-0.09 -0.13 0.05 0.13 0.15 0.21 0.21 0.23

-1.05 -1.02 0.25 0.60 0.62 0.83 0.80 0.83

-0.24 -13.28 0.05 0.94 18.65 0.44 -4.52 8.39

 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
517,609 522,126 527,539 517,324 514,014 522,821 579,360 596,350
514,336 514,336 514,336 514,336 514,336 514,336 514,336 514,336
142,124 142,682 143,381 145,543 145,543 147,316 159,452 162,897
(138,851) (134,892) (130,178) (142,555) (145,865) (138,831) (94,428) (80,883)
(47,431) (17,708) (23,767) (787) (95) 76,924 18,407 3,965
393,523 390,717 215,660 29,680 38,417 36,236 72,594 206,012
393,523 390,717 215,660 29,680 38,417 36,236 72,594 23,460
0 0 0 0 0 0 0 182,552
863,701 895,135 719,432 546,217 552,336 635,981 670,361 806,327
738,642 776,810 598,260 485,356 511,784 471,464 593,570 730,660
14,180 35,530 34,272 54,904 12,086 21,421 34,842 19,663
724,462 741,280 563,988 430,452 499,698 450,043 558,728 710,997
125,059 118,325 121,172 60,861 40,552 164,517 76,791 75,667
1,749 1,496 1,208 1,062 11,569 16,449 16,843 47,537
50,983 86,904 77,006 26,182 2,979 112,186 35,906 21,752
72,327 29,925 42,958 33,617 26,004 35,882 24,042 6,378

68,048 85,279 72,622 74,176 38,994 52,138 58,272 73,492

32,112 32,853 35,936 36,259 39,019 39,593 32,251 31,061
35,936 52,426 36,686 37,917 (25) 12,545 26,021 42,431
29,409 48,098 29,399 23,381 1,747 1,245 3,123 8,693
6,526 4,329 7,287 14,537 1,772 11,301 71,513 33,737
6,093 4,313 5,336 12,206 (4,311) 8,808 58,484 16,990

51,434 51,434 51,434 51,434 51,434 51,434 51,434 51,434

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(41,234) 11,708 (146,433) (350,259) (51,817) (65,593) (60,070) (114,557)

0.01 0.01 0.01 0.02 -0.01 0.02 0.10 0.03

0.01 0.01 0.01 0.03 0.00 0.02 0.12 0.04
0.01 0.00 0.01 0.02 -0.01 0.01 0.09 0.02
0.09 0.05 0.07 0.16 -0.11 0.17 1.00 0.23
5.27 7.62 6.73 2.97 -9.05 4.50 0.55 1.83
0.12 0.08 0.10 0.24 -0.08 0.17 1.14 0.33

1.88 1.99 2.77 16.35 13.32 13.01 8.18 31.14

0.46 0.44 0.30 0.05 0.07 0.06 0.11 0.26
0.06 0.10 0.11 0.05 0.01 0.18 0.05 0.03

0.60 0.58 0.73 0.95 0.93 0.82 0.86 0.74

10.06 10.15 10.26 10.06 9.99 10.16 11.26 11.59

-6.77 2.71 -27.44 -28.70 12.02 -7.45 -1.03 -6.74

 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
96,386 (961,542) (1,100,736) (1,614,800) (1,602,027) (1,643,538) (1,085,989) (1,085,989)
892,029 892,029 892,029 892,029 892,029 892,029 1,383,982 1,383,982
301,031 301,031 301,031 301,828 286,974 300,344 320,437 320,437
(1,096,674) (2,154,602) (2,293,796) (2,808,657) (2,781,030) (2,835,911) (2,790,408) (2,790,408)
27,676 19,373 18,512 18,512 0 2,974,065 2,619,787 2,619,787
5,236,841 4,787,148 5,522,008 5,757,416 6,056,614 3,024,843 2,862,362 2,862,362
3,588,599 3,920,159 3,707,734 3,380,272 3,166,498 2,760,663 2,523,221 2,523,221
1,648,242 866,989 1,814,274 2,377,144 2,890,116 264,180 339,141 339,141
5,360,903 3,844,979 4,439,784 4,161,128 4,454,587 4,355,370 4,396,160 4,396,160
3,790,853 2,665,782 2,757,958 2,623,799 1,434,872 1,675,867 1,849,572 1,849,572
29,298 10,472 5,847 12,399 6,484 17,615 6,592 6,592
3,761,555 2,655,310 2,752,111 2,611,400 1,428,388 1,658,252 1,842,980 1,842,980
1,570,050 1,179,197 1,681,826 1,537,329 3,019,715 2,679,503 2,546,588 2,546,588
264,732 450,342 996,410 1,494,427 942,462 694,991 559,876 559,876
64,336 55,906 154,676 33,193 20,863 1,974,860 1,972,027 1,972,027
1,240,982 672,949 530,740 9,709 2,056,390 9,652 14,685 14,685

560,235 241,366 68,488 115,618 42,937 75,179 56,708 56,708

155,028 151,265 111,741 94,483 76,712 76,848 89,802 89,802
405,207 90,101 (43,253) 21,135 (33,775) (1,669) (33,094) (33,094)
585,774 549,769 51,558 13,444 2,960 2,677 569 569
54,364 (1,018,345) (131,178) 6,252 14,796 20,473 58,628 58,628
37,250 (1,020,374) (131,577) 4,820 13,963 20,280 56,911 56,911

89,203 89,203 89,203 89,203 89,203 89,203 138,398 138,398

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13,878 371,630 (152,995) (128,677) (16,280) (287,197) (214,667) (214,667)

0.39 1.06 0.12 0.00 -0.01 -0.01 -0.05 -0.05

0.03 13.55 -0.18 0.01 0.01 0.01 0.03 0.03
0.01 -0.27 -0.03 0.00 0.00 0.00 0.01 0.01
0.07 -4.23 -1.92 0.04 0.33 0.27 1.00 1.00
4.16 -0.15 -0.85 19.60 5.49 3.79 1.58 1.58
0.42 -11.44 -1.48 0.05 0.16 0.23 0.41 0.41

1.06 0.68 0.74 0.78 0.45 0.61 0.73 0.73

0.98 1.25 1.24 1.38 1.36 0.69 0.65 0.65
0.01 0.01 0.03 0.01 0.00 0.45 0.45 0.45

0.02 -0.25 -0.25 -0.39 -0.36 -0.38 -0.25 -0.25

1.08 -10.78 -12.34 -18.10 -17.96 -18.42 -7.85 -7.85

0.37 -0.36 1.16 -26.70 -1.17 -14.16 -3.77 -3.77

Mutual Fund Companies - Overall
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 58,234,623 44,087,199 26,147,432 25,477,542
1.Certificate holders equity 34,686,190 31,455,897 30,670,643 27,941,275
2.Reserves 4,796,900 3,853,662 1,470,976 2,010,049
3.Unappropriated profit/loss 18,751,533 8,777,640 (5,994,187) (4,473,782)
4.Others 5,085,455 5,162,631 4,310,912 4,653,700
B.Total liabilities (B1 + B2) 5,045,161 607,003 510,262 1,038,086
1.Payable to investment advisor 1,262,039 148,037 109,447 1,302,972
2.Others 3,783,122 458,966 400,815 (264,886)
C.Total assets (C1 to C3) 68,365,239 49,856,833 30,968,606 31,169,328
1.Cash & bank balances 15,620,627 5,340,247 3,898,511 2,680,698
2.Investments 47,921,836 43,359,823 25,980,030 26,793,633
3.Others 4,822,776 1,156,763 1,090,065 1,694,997
D.Profit & loss account
1.Income (a to g) 14,765,320 1,518,537 (12,401,221) 4,067,413
a.Markup/interest income 1,053,983 781,834 833,365 828,552
b.Dividend income 2,090,663 1,758,182 1,566,546 1,179,837
c.Income from future transactions 18,887 (15,000) 3,566 0
d.Net gain on sale of investments 6,164,020 2,066,257 (4,529,115) 935,685
e.Net unrealized gain/(loss) on investment 4,811,814 (3,376,571) (5,888,409) (1,360,940)
f.Capital gain 549,702 267,513 (4,045,573) 2,459,690
g.Other income 76,251 36,322 (341,601) 24,589
E.Total expense (E1 to E5) 1,672,104 1,449,582 1,593,046 1,072,888
1.Remuneration to management co-advisor 1,201,308 1,141,061 684,830 664,460
2.Remuneration to trustees/custodians 49,582 45,480 33,104 31,577
3.Brokerage-commission /fee 66,837 36,584 11,325 16,427
4.Administrative and general expenses 293,098 201,774 847,159 336,380
5.Other 61,279 24,683 16,628 24,044
F.Net income for the year (D1-E) 13,093,216 68,955 (13,994,267) 2,994,525
G.Other items
1.No. of units (000) 3,530,072 3,205,297 3,143,114 2,867,868
2.Cash dividend N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A
4.Cash generated from operating activities 14,414,193 (2,120,718) (632,206) 1,321,602
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.79 -0.67 1.19 0.51
2.Trading income (D1c/D1) 0.00 -0.01 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.89 0.05 1.13 0.74
4.Return on assets (ROA) (F/C) 0.19 0.00 -0.45 0.10
5.Management expenses (E1/E) 0.72 0.79 0.43 0.62
6.Net assets value per share (A1/G1) 9.83 9.81 9.76 9.74
7.Earning per share (F/G1) 3.71 0.02 -4.45 1.04
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.23 0.11 0.13 0.09
2.Total liabilities to total assets (B/C) 0.07 0.01 0.02 0.03
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.51 0.63 0.99 0.90
K.Cash flow ratio
Cash generated from operating activities to net income ( 1.10 -30.76 0.05 0.44

Al-Meezan Mutual Fund (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 2,218,592 1,906,416 1,174,174 1,403,921
1.Certificate holders equity 1,196,000 1,375,400 1,375,400 1,375,400
2.Reserves 44,729 43,091 23,571 34,744
3.Unappropriated profit/loss 977,863 487,925 (224,797) (6,223)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 57,915 9,279 10,924 425,272
1.Payable to investment advisor 38,590 3,221 1,029 2,324
2.Others 19,325 6,058 9,895 422,948
C.Total assets (C1 to C3) 2,276,507 1,915,695 1,185,098 1,829,193
1.Cash & bank balances 590,523 63,366 35,681 131,182
2.Investments 1,607,032 1,823,099 1,122,298 1,274,965
3.Others 78,952 29,230 27,119 423,046
D.Profit & loss account
1.Income (a to g) 594,674 38,615 (543,568) 397,393
a.Markup/interest income 21,848 23,993 5,514 9,115
b.Dividend income 79,505 84,386 75,148 100,701
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 176,243 141,851 (291,658) 185,603
e.Net unrealized gain/(loss) on investment 314,974 (194,197) (332,572) 101,974
f.Capital gain 0 0 0 0
g.Other income 2,104 (17,418) 0 0
E.Total expense (E1 to E5) 47,917 50,153 31,614 41,279
1.Remuneration to management co-advisor 38,590 41,339 24,446 28,812
2.Remuneration to trustees/custodians 1,308 1,076 641 788
3.Brokerage-commission /fee 5,013 3,599 1,240 1,399
4.Administrative and general expenses 0 4,139 5,287 10,280
5.Other 3,006 0 0 0
F.Net income for the year (D1-E) 546,757 (11,538) (575,182) 356,114
G.Other items
1.No. of units 119,600 137,540 137,540 137,540
2.Cash dividend 0.00 0.00 0.00 0.19
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 919,597 (228,946) 108,214 232,225
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.83 -1.81 1.15 0.72
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.92 -0.30 1.06 0.90
4.Return on assets (ROA) (F/C) 0.24 -0.01 -0.49 0.19
5.Management expense (E1/E) 0.81 0.82 0.77 0.70
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 4.57 -0.08 -4.18 2.59
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.26 0.03 0.03 0.07
2.Total liabilities to total assets (B/C) 0.03 0.00 0.01 0.23
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.53 0.72 1.16 0.75
K.Cash flow ratio
Cash generated from operating activities to net income ( 1.68 19.84 -0.19 0.65

Asian Stocks Fund Limited (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 919,323 795,973 488,553 634,569
1.Certificate holders equity 900,000 900,000 900,000 900,000
2.Reserves 105,902 17,795 (62,351) 0
3.Unappropriated profit/loss (86,579) (121,822) (349,096) (265,431)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 49,171 14,883 2,027 5,160
1.Payable to investment advisor 14,436 1,493 838 1,050
2.Others 34,735 13,390 1,189 4,110
C.Total assets (C1 to C3) 968,494 810,856 490,580 639,729
1.Cash & bank balances 215,653 26,068 2,805 97,700
2.Investments 740,876 748,744 485,037 536,162
3.Others 11,965 36,044 2,738 5,867
D.Profit & loss account
1.Income (a to g) 96,251 35,503 (138,533) 101,444
a.Markup/interest income 0 0 0 11,488
b.Dividend income 10,806 25,558 22,062 15,503
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 72,325 (2,050) (162,473) 116,881
e.Net unrealized gain/(loss) on investment 0 0 0 (42,429)
f.Capital gain 0 0 0 0
g.Other income 13,120 11,995 1,878 1
E.Total expense (E1 to E5) 22,961 25,732 77,166 20,354
1.Remuneration to management co-advisor 14,436 17,799 10,744 13,101
2.Remuneration to trustees/custodians 0 0 699 656
3.Brokerage-commission /fee 0 0 0 0
4.Administrative and general expenses 2,982 4,616 65,490 6,580
5.Other 5,543 3,317 233 17
F.Net income for the year (D1-E) 73,290 9,771 (215,699) 81,090
G.Other items
1.No. of units 90,000 90,000 90,000 90,000
2.Cash dividend 0.00 0.00 0.00 0.08
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 205,375 (186,085) (24,263) 94,895
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.89 0.28 1.16 0.73
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.76 0.28 1.56 0.80
4.Return on assets (ROA) (F/C) 0.08 0.01 -0.44 0.13
5.Management expense (E1/E) 0.63 0.69 0.14 0.64
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 0.81 0.11 -2.40 0.90
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.22 0.03 0.01 0.15
2.Total liabilities to total assets (B/C) 0.05 0.02 0.00 0.01
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.93 1.11 1.83 1.41
K.Cash flow ratio
Cash generated from operating activities to net income ( 2.80 -19.04 0.11 1.17

Atlas Fund of Funds (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 646,274 592,196 282,816 348,806
1.Certificate holders equity 525,000 525,000 525,000 525,000
2.Reserves 121,274 0 0 0
3.Unappropriated profit/loss 0 67,196 (242,184) (176,194)
4.Others 0 0 (157) (3,377)
B.Total liabilities (B1 + B2) 20,831 8,298 2,506 5,913
1.Payable to investment advisor 15,142 2,314 690 551
2.Others 5,689 5,984 1,816 5,362
C.Total assets (C1 to C3) 667,105 600,494 285,165 351,342
1.Cash & bank balances 209,379 76,653 55,973 34,072
2.Investments 441,048 512,303 226,189 306,439
3.Others 16,678 11,538 3,003 10,831
D.Profit & loss account
1.Income (a to g) 113,164 45,705 (258,159) 77,754
a.Markup/interest income 21,344 10,961 5,813 3,166
b.Dividend income 55,928 49,212 18,348 12,944
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 6,219 9,327 (11,908) 5,848
e.Net unrealized gain/(loss) on investment 29,673 (23,795) (270,412) 55,002
f.Capital gain 0 0 0 0
g.Other income 0 0 0 794
E.Total expense (E1 to E5) 16,799 17,784 11,847 11,763
1.Remuneration to management co-advisor 13,142 14,303 10,136 8,340
2.Remuneration to trustees/custodians 942 958 629 636
3.Brokerage-commission /fee 1,383 839 160 175
4.Administrative and general expenses 1,332 1,684 922 2,612
5.Other 0 0 0 0
F.Net income for the year (D1-E) 96,365 27,921 (270,006) 65,991
G.Other items
1.No. of units 52,500 52,500 52,500 52,500
2.Cash dividend 0.00 0.00 0.00 0.02
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 132,912 34,852 22,601 (15,802)
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.32 -0.32 1.09 0.79
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.85 0.61 1.05 0.85
4.Return on assets (ROA) (F/C) 0.14 0.05 -0.95 0.19
5.Management expense (E1/E) 0.78 0.80 0.86 0.71
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 1.84 0.53 -5.14 1.26
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.31 0.13 0.20 0.10
2.Total liabilities to total assets (B/C) 0.03 0.01 0.01 0.02
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.79 0.87 1.84 1.49
K.Cash flow ratio
Cash generated from operating activities to net income ( 1.38 1.25 -0.08 -0.24

First Capital Mutual Fund Limited (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 380,281 337,605 203,306 231,229
1.Certificate holders equity 300,000 300,000 300,000 300,000
2.Reserves 0 0 0 0
3.Unappropriated profit/loss 80,281 37,605 (96,694) (68,771)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 39,790 10,964 6,952 13,857
1.Payable to investment advisor 6,773 7,436 4,144 4,879
2.Others 33,017 3,528 2,808 8,978
C.Total assets (C1 to C3) 420,071 348,569 210,258 245,086
1.Cash & bank balances 50,813 8,752 7,954 70,443
2.Investments 352,440 336,537 195,890 172,919
3.Others 16,818 3,280 6,414 1,724
D.Profit & loss account
1.Income (a to g) 125,582 (30,743) (126,751) 42,193
a.Markup/interest income 0 0 1,365 3,981
b.Dividend income 10,738 13,650 13,090 10,125
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 52,949 23,516 (98,205) 37,839
e.Net unrealized gain/(loss) on investment 58,493 (71,012) (43,001) (9,752)
f.Capital gain 0 0 0 0
g.Other income 3,402 3,103 0 0
E.Total expense (E1 to E5) 11,183 10,847 7,070 13,257
1.Remuneration to management co-advisor 6,773 7,436 4,144 4,879
2.Remuneration to trustees/custodians 213 406 364 1,444
3.Brokerage-commission /fee 0 0 0 0
4.Administrative and general expenses 0 0 2,562 6,934
5.Other 4,197 3,005 0 0
F.Net income for the year (D1-E) 114,399 (41,590) (133,821) 28,936
G.Other items
1.No. of units 30,000 35,000 30,000 30,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (75,993) (12,043) (797,303) 62,488
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.91 1.44 1.11 0.67
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.91 1.35 1.06 0.69
4.Return on assets (ROA) (F/C) 0.27 -0.12 -0.64 0.12
5.Management expense (E1/E) 0.61 0.69 0.59 0.37
6.Net assets value per share (A1/G1) 10.00 8.57 10.00 10.00
7.Earning per share (F/G1) 3.81 -1.19 -4.46 0.96
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.12 0.03 0.04 0.29
2.Total liabilities to total assets (B/C) 0.09 0.03 0.03 0.06
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.71 0.86 1.43 1.22
K.Cash flow ratio
Cash generated from operating activities to net income ( -0.66 0.29 5.96 2.16

First Dawood Mutual Fund (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 774,995 752,467 520,984 484,679
1.Certificate holders equity 580,750 580,750 580,750 580,750
2.Reserves 0 0 0 0
3.Unappropriated profit/loss 194,245 171,717 (59,766) (96,071)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 24,707 6,590 4,115 2,675
1.Payable to investment advisor 19,357 1,830 1,289 768,377
2.Others 5,350 4,760 2,826 (765,702)
C.Total assets (C1 to C3) 799,702 759,057 525,099 487,354
1.Cash & bank balances 15,515 35,295 25,610 57,811
2.Investments 567,280 709,017 473,076 413,327
3.Others 216,907 14,745 26,413 16,216
D.Profit & loss account
1.Income (a to g) 182,408 67,386 (198,915) (17,159)
a.Markup/interest income 17,153 19,903 39,950 35,148
b.Dividend income 14,300 12,421 11,167 11,924
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 0 0 0 10,144
e.Net unrealized gain/(loss) on investment 94,774 (105,574) (122,098) (74,375)
f.Capital gain 42,121 130,808 (127,934) 0
g.Other income 14,060 9,828 0 0
E.Total expense (E1 to E5) 25,514 31,839 20,953 19,147
1.Remuneration to management co-advisor 19,357 24,113 17,389 13,613
2.Remuneration to trustees/custodians 990 1,118 939 890
3.Brokerage-commission /fee 3,672 4,940 1,415 3,198
4.Administrative and general expenses 1,495 1,668 1,210 1,446
5.Other 0 0 0 0
F.Net income for the year (D1-E) 156,894 35,547 (219,868) (36,306)
G.Other items
1.No. of units 58,075 58,075 58,075 58,075
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (18,939) 9,435 (9,684) 32,200
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.83 0.52 1.26 3.74
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.86 0.53 1.11 2.12
4.Return on assets (ROA) (F/C) 0.20 0.05 -0.42 -0.07
5.Management expense (E1/E) 0.76 0.76 0.83 0.71
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 2.70 0.61 -3.79 -0.63
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.02 0.05 0.05 0.12
2.Total liabilities to total assets (B/C) 0.03 0.01 0.01 0.01
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.73 0.77 1.11 1.19
K.Cash flow ratio
Cash generated from operating activities to net income ( -0.12 0.27 0.04 -0.89

Golden Arrow Selected Stocks Fund Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,308,525 1,237,941 831,434 968,463
1.Certificate holders equity 614,539 675,993 760,492 760,492
2.Reserves 35,093 21,499 9,751 6,175
3.Unappropriated profit/loss 658,893 540,449 61,191 201,796
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 41,876 34,883 13,663 13,611
1.Payable to investment advisor 20,913 2,086 1,575 2,095
2.Others 20,963 32,797 12,088 11,516
C.Total assets (C1 to C3) 1,350,401 1,272,824 845,097 982,074
1.Cash & bank balances 92,707 56,208 280,115 9,898
2.Investments 1,237,709 1,203,832 545,849 968,766
3.Others 19,985 12,784 19,133 3,410
D.Profit & loss account
1.Income (a to g) 447,571 70,037 (374,128) 179,751
a.Markup/interest income 15,484 14,242 29,419 25,792
b.Dividend income 39,227 48,723 39,639 43,545
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 0 0 0 0
e.Net unrealized gain/(loss) on investment 168,326 112,428 (238,469) (64,499)
f.Capital gain 224,464 (105,356) (207,810) 174,913
g.Other income 70 0 3,093 0
E.Total expense (E1 to E5) 31,136 34,846 20,631 39,146
1.Remuneration to management co-advisor 20,913 25,768 16,560 20,095
2.Remuneration to trustees/custodians 0 812 465 705
3.Brokerage-commission /fee 7,586 6,206 1,753 5,491
4.Administrative and general expenses 2,101 2,060 1,853 12,855
5.Other 536 0 0 0
F.Net income for the year (D1-E) 416,435 35,191 (394,759) 140,605
G.Other items
1.No. of units (000) 122,908 122,907 152,098 152,098
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 111,243 54,851 234,138 (280,172)
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.88 0.10 1.18 0.61
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.93 0.50 1.06 0.78
4.Return on assets (ROA) (F/C) 0.31 0.03 -0.47 0.14
5.Management expenses (E1/E) 0.67 0.74 0.80 0.51
6.Net assets value per share (A1/G1) 5.00 5.50 5.00 5.00
7.Earning per share (F/G1) 3.39 0.29 -2.60 0.92
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.07 0.04 0.33 0.01
2.Total liabilities to total assets (B/C) 0.03 0.03 0.02 0.01
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.46 0.53 0.90 0.77
K.Cash flow ratio
Cash generated from operating activities to net income ( 0.27 1.56 -0.59 -1.99

JS Growth Fund (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 5,911,986 5,174,398 2,892,841 2,760,140
1.Certificate holders equity 3,180,045 3,180,044 3,180,044 3,180,044
2.Reserves 506,438 506,438 506,438 506,438
3.Unappropriated profit/loss 2,225,503 1,487,916 (793,641) (926,342)
4.Others 0 87,827 (469) 135,436
B.Total liabilities (B1 + B2) 885,475 118,896 62,417 62,544
1.Payable to investment advisor 118,292 9,510 5,304 968
2.Others 767,183 109,386 57,113 61,576
C.Total assets (C1 to C3) 6,797,461 5,381,121 2,954,789 2,958,120
1.Cash & bank balances 1,811,357 336,439 704,134 738,045
2.Investments 4,810,140 5,006,067 2,224,507 2,188,255
3.Others 175,964 38,615 26,148 31,820
D.Profit & loss account
1.Income (a to g) 1,563,264 (269,699) (1,603,098) 171,614
a.Markup/interest income 100,638 50,525 78,858 71,973
b.Dividend income 224,552 195,864 155,186 117,566
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 653,264 (18,642) (840,680) 134,223
e.Net unrealized gain/(loss) on investment 581,637 (497,446) (996,879) (153,887)
f.Capital gain 0 0 0 0
g.Other income 3,173 0 417 1,739
E.Total expense (E1 to E5) 150,085 149,884 678,459 148,063
1.Remuneration to management co-advisor 116,605 116,534 62,198 66,425
2.Remuneration to trustees/custodians 4,261 4,259 2,722 2,849
3.Brokerage-commission /fee 17,589 5,827 2,954 3,155
4.Administrative and general expenses 6,504 18,160 608,230 73,243
5.Other 5,126 5,104 2,355 2,391
F.Net income for the year (D1-E) 1,413,179 (419,583) (2,281,557) 23,551
G.Other items
1.No. of units 318,004 318,004 318,004 315,696
2.Cash dividend 0.00 0.00 0.00 -
3.Stock dividend/bonus shares 0.00 0.00 0.00 -
4.Cash generated from operating activities 2,129,131 (646,759) 413,864 205,891
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.79 1.91 1.15 -0.10
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.90 1.56 1.42 0.14
4.Return on assets (ROA) (F/C) 0.21 -0.08 -0.77 0.01
5.Management expense (E1/E) 0.78 0.78 0.09 0.45
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.07
7.Earning per share (F/G1) 4.44 -1.32 -7.17 0.07
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.27 0.06 0.24 0.25
2.Total liabilities to total assets (B/C) 0.13 0.02 0.02 0.02
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.47 0.59 1.08 1.08
K.Cash flow ratio
Cash generated from operating activities to net income ( 1.51 1.54 -0.18 8.74

JS Value Fund (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 2,151,044 2,654,320 1,238,901 1,004,473
1.Certificate holders equity 1,185,750 1,185,750 1,185,750 1,185,750
2.Reserves 10,000 10,000 10,000 10,000
3.Unappropriated profit/loss 955,294 1,458,570 43,151 (191,277)
4.Others 1,469 347 (1,571) 0
B.Total liabilities (B1 + B2) 226,432 23,106 17,763 16,885
1.Payable to investment advisor 38,012 4,152 1,985 102
2.Others 188,420 18,954 15,778 16,783
C.Total assets (C1 to C3) 2,378,945 2,677,773 1,255,093 1,021,358
1.Cash & bank balances 885,244 758,217 288,313 79,565
2.Investments 1,469,071 1,908,853 959,730 934,113
3.Others 24,630 10,703 7,050 7,680
D.Profit & loss account
1.Income (a to g) 709,634 922,276 (1,255,689) (54,766)
a.Markup/interest income 67,195 81,403 54,303 25,588
b.Dividend income 41,921 28,134 43,563 46,188
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 142,974 538,761 (673,017) 115,167
e.Net unrealized gain/(loss) on investment 457,544 273,978 (680,538) (241,709)
f.Capital gain 0 0 0 0
g.Other income 0 0 0 0
E.Total expense (E1 to E5) 53,748 64,271 41,154 61,087
1.Remuneration to management co-advisor 38,012 50,943 31,125 24,801
2.Remuneration to trustees/custodians 4,832 3,525 2,534 2,218
3.Brokerage-commission /fee 3,852 2,547 0 0
4.Administrative and general expenses 5,514 6,351 4,949 32,610
5.Other 1,538 905 2,546 1,458
F.Net income for the year (D1-E) 655,886 858,005 (1,296,843) (115,853)
G.Other items
1.No. of units 118,575 118,575 118,575 118,575
2.Cash dividend 0.00 0.00 0.10 0.10
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 784,961 333,551 (302,428) (109,440)
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.85 0.88 1.08 2.31
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.92 0.93 1.03 2.12
4.Return on assets (ROA) (F/C) 0.28 0.32 -1.03 -0.11
5.Management expense (E1/E) 0.71 0.79 0.76 0.41
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 5.53 7.24 -10.94 -0.98
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.37 0.28 0.23 0.08
2.Total liabilities to total assets (B/C) 0.10 0.01 0.01 0.02
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.50 0.44 0.94 1.16
K.Cash flow ratio
Cash generated from operating activities to net income ( 1.20 0.39 0.23 0.94

Meezan Balanced Fund (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,598,166 1,423,683 1,147,792 1,276,119
1.Certificate holders equity 1,200,000 1,200,000 1,200,000 1,200,000
2.Reserves 0 0 0 0
3.Unappropriated profit/loss 398,166 223,683 (52,208) 76,119
4.Others 0 0 (4,949) 1,592
B.Total liabilities (B1 + B2) 105,133 11,451 18,013 24,105
1.Payable to investment advisor 47,908 6,851 4,488 2,112
2.Others 57,225 4,600 13,525 21,993
C.Total assets (C1 to C3) 1,703,299 1,435,134 1,160,856 1,301,816
1.Cash & bank balances 515,628 10,462 144,241 292,188
2.Investments 951,211 1,398,691 992,205 985,810
3.Others 236,460 25,981 24,410 23,818
D.Profit & loss account
1.Income (a to g) 380,620 70,836 (117,193) 289,304
a.Markup/interest income 38,658 67,825 64,797 72,337
b.Dividend income 55,009 38,248 46,319 60,298
c.Income from future transactions 18,791 (15,000) 0 0
d.Net gain on sale of investments 118,118 67,904 (129,163) 111,298
e.Net unrealized gain/(loss) on investment 149,823 (88,141) (99,146) 54,564
f.Capital gain 0 0 0 0
g.Other income 221 0 0 (9,193)
E.Total expense (E1 to E5) 55,658 53,319 38,698 40,977
1.Remuneration to management co-advisor 42,906 45,271 32,550 31,114
2.Remuneration to trustees/custodians 1,630 1,688 1,356 1,504
3.Brokerage-commission /fee 6,076 3,169 2,670 826
4.Administrative and general expenses 5,046 3,191 2,122 7,533
5.Other 0 0 0 0
F.Net income for the year (D1-E) 324,962 17,517 (155,891) 248,327
G.Other items
1.No. of units 120,000 120,000 120,000 120,000
2.Cash dividend 0.00 0.00 0.00 0.16
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 702,383 (211,039) 249,207 260,050
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.75 -0.50 1.95 0.54
2.Trading income (D1c/D1) 0.05 -0.21 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.85 0.25 1.33 0.86
4.Return on assets (ROA) (F/C) 0.19 0.01 -0.13 0.19
5.Management expense (E1/E) 0.77 0.85 0.84 0.76
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 2.71 0.15 -1.30 2.07
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.30 0.01 0.12 0.22
2.Total liabilities to total assets (B/C) 0.06 0.01 0.02 0.02
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.70 0.84 1.03 0.92
K.Cash flow ratio
Cash generated from operating activities to net income ( 2.16 -12.05 -1.60 1.05

NAMCO Balanced Fund (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,136,571 1,011,363 721,808 671,964
1.Certificate holders equity 1,000,000 1,000,000 1,000,000 1,000,000
2.Reserves 136,571 11,363 0 0
3.Unappropriated profit/loss 0 0 (278,192) (328,036)
4.Others 0 7,438 0 6,197
B.Total liabilities (B1 + B2) 69,851 17,350 8,661 15,383
1.Payable to investment advisor 31,124 9,750 3,595 2,904
2.Others 38,727 7,600 5,066 12,479
C.Total assets (C1 to C3) 1,206,422 1,036,151 730,469 693,544
1.Cash & bank balances 228,481 33,924 24,985 126,688
2.Investments 909,601 837,373 625,517 557,838
3.Others 68,340 164,854 79,967 9,018
D.Profit & loss account
1.Income (a to g) 173,063 16,879 (261,998) 136,606
a.Markup/interest income 58,952 43,137 27,373 37,880
b.Dividend income 5,721 29,021 31,339 28,629
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 79,099 70,164 0 0
e.Net unrealized gain/(loss) on investment 24,081 (126,937) (177,579) (79,417)
f.Capital gain 0 0 (94,701) 149,514
g.Other income 5,210 1,494 (48,430) 0
E.Total expense (E1 to E5) 36,492 42,086 27,558 36,450
1.Remuneration to management co-advisor 22,114 32,617 22,832 24,423
2.Remuneration to trustees/custodians 1,498 1,235 810 773
3.Brokerage-commission /fee 0 0 0 0
4.Administrative and general expenses 12,743 7,910 3,025 5,776
5.Other 137 324 891 5,478
F.Net income for the year (D1-E) 136,571 (25,207) (289,556) 100,156
G.Other items
1.No. of units 100,000 100,000 100,000 100,000
2.Cash dividend 0.00 0.00 0.00 0.15
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (771,519) (122,371) (41,409) 216,295
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.63 -3.28 1.22 0.51
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.79 -1.49 1.11 0.73
4.Return on assets (ROA) (F/C) 0.11 -0.02 -0.40 0.14
5.Management expense (E1/E) 0.61 0.78 0.83 0.67
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 1.37 -0.25 -2.90 1.00
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.19 0.03 0.03 0.18
2.Total liabilities to total assets (B/C) 0.06 0.02 0.01 0.02
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.83 0.97 1.37 1.44
K.Cash flow ratio
Cash generated from operating activities to net income ( -5.65 4.85 0.14 2.16

PICIC Energy Fund (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,077,010 1,070,563 859,159 925,613
1.Certificate holders equity 1,000,000 1,000,000 1,000,000 1,000,000
2.Reserves 0 0 0 0
3.Unappropriated profit/loss 77,010 70,563 (140,841) (74,387)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 57,523 12,036 12,126 12,738
1.Payable to investment advisor 24,293 2,489 2,148 2,314
2.Others 33,230 9,547 9,978 10,424
C.Total assets (C1 to C3) 1,134,533 1,082,599 871,285 938,351
1.Cash & bank balances 502,776 128,035 48,431 37,179
2.Investments 617,107 939,203 811,465 897,764
3.Others 14,650 15,361 11,389 3,408
D.Profit & loss account
1.Income (a to g) 109,782 113,925 (111,597) 160,159
a.Markup/interest income 52,207 13,595 7,138 13,551
b.Dividend income 30,330 46,258 69,072 46,631
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 37,224 182,949 0 0
e.Net unrealized gain/(loss) on investment (12,086) (128,877) (39,530) (71,109)
f.Capital gain 0 0 (148,277) 171,086
g.Other income 2,107 0 0 0
E.Total expense (E1 to E5) 51,893 45,372 29,807 41,328
1.Remuneration to management co-advisor 31,684 33,571 21,525 29,382
2.Remuneration to trustees/custodians 1,316 1,370 1,049 1,259
3.Brokerage-commission /fee 0 0 0 0
4.Administrative and general expenses 16,987 8,287 5,090 8,731
5.Other 1,906 2,144 2,143 1,956
F.Net income for the year (D1-E) 57,889 68,553 (141,404) 118,831
G.Other items
1.No. of units 100,000 100,000 100,000 100,000
2.Cash dividend 0.00 0.00 0.00 0.10
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 26,076 (300,262) (10,768) 37,740
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 24.82% 47.46% 168.29% 62.42%
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 52.73% 60.17% 126.71% 0.74
4.Return on assets (ROA) (F/C) 0.05 6.33% -16.23% 12.66%
5.Management expense (E1/E) 61.06% 73.99% 72.21% 71.09%
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 0.58 0.69 -1.41 1.19
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 44.32% 11.83% 5.56% 3.96%
2.Total liabilities to total assets (B/C) 5.07% 1.11% 1.39% 1.36%
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 88.14% 92.37% 114.77% 106.57%
K.Cash flow ratio
Cash generated from operating activities to net income ( 0.45 -4.38 0.08 0.32
PICIC Growth Fund
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 10,496,433 8,291,928 3,530,357 3,944,740
1.Certificate holders equity 2,835,000 2,835,000 2,835,000 2,835,000
2.Reserves 3,100,296 3,124,897 989,777 1,419,467
3.Unappropriated profit/loss 4,561,137 2,332,031 (294,420) (309,727)
4.Others 2,992,500 2,992,500 2,990,500 2,992,500
B.Total liabilities (B1 + B2) 702,260 109,291 103,569 196,762
1.Payable to investment advisor 245,018 18,807 10,871 11,562
2.Others 457,242 90,484 92,698 185,200
C.Total assets (C1 to C3) 14,191,193 11,393,719 6,624,426 7,134,002
1.Cash & bank balances 1,505,326 867,546 296,840 246,157
2.Investments 12,288,687 10,461,354 6,281,453 6,802,156
3.Others 397,180 64,819 46,133 85,689
D.Profit & loss account
1.Income (a to g) 2,127,240 (291,248) (2,176,540) 769,108
a.Markup/interest income 140,215 68,340 53,639 101,587
b.Dividend income 598,242 465,982 442,192 244,075
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 882,486 184,399 0 0
e.Net unrealized gain/(loss) on investment 498,733 (1,009,969) (673,200) (480,082)
f.Capital gain 0 0 (2,013,978) 903,509
g.Other income 7,564 0 14,807 19
E.Total expense (E1 to E5) 338,072 307,733 166,411 206,156
1.Remuneration to management co-advisor 245,018 249,134 134,143 151,707
2.Remuneration to trustees/custodians 7,458 7,603 4,729 5,168
3.Brokerage-commission /fee 0 0 0 0
4.Administrative and general expenses 77,982 45,795 23,209 44,978
5.Other 7,614 5,201 4,330 4,303
F.Net income for the year (D1-E) 1,789,168 (598,981) (2,342,951) 562,952
G.Other items
1.No. of units (000) 283,500 283,500 283,500 283,500
2.Cash dividend 0.00 0.00 0.00 0.20
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 1,831,677 973,177 (281,691) 511,400
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.65 2.83 1.23 0.55
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.84 2.06 1.08 0.73
4.Return on assets (ROA) (F/C) 0.13 -0.05 -0.35 0.08
5.Management expenses (E1/E) 0.72 0.81 0.81 0.74
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 6.31 -2.11 -8.26 1.99
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.11 0.08 0.04 0.03
2.Total liabilities to total assets (B/C) 0.05 0.01 0.02 0.03
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.20 0.25 0.43 0.40
K.Cash flow ratio
Cash generated from operating activities to net income ( 1.02 -1.62 0.12 0.91

PICIC Investment Fund

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 4,190,783 2,944,741 1,677,360 1,828,357
1.Certificate holders equity 2,841,250 2,841,250 2,841,250 2,841,250
2.Reserves 225 225 225 225
3.Unappropriated profit/loss 1,349,308 103,266 (1,164,115) (1,013,118)
4.Others 2,083,126 2,121,000 1,334,801 1,499,878
B.Total liabilities (B1 + B2) 381,140 76,448 74,919 150,225
1.Payable to investment advisor 110,963 8,442 5,020 5,547
2.Others 270,177 68,006 69,899 144,678
C.Total assets (C1 to C3) 6,655,049 5,142,189 3,087,080 3,478,460
1.Cash & bank balances 783,179 425,377 195,804 187,823
2.Investments 5,637,334 4,684,995 2,852,840 3,248,518
3.Others 234,536 31,817 38,436 42,119
D.Profit & loss account
1.Income (a to g) 1,261,168 (107,405) (1,187,175) 402,586
a.Markup/interest income 64,227 37,218 28,938 58,058
b.Dividend income 260,111 194,769 194,800 126,913
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 660,874 179,034 0 0
e.Net unrealized gain/(loss) on investment 274,706 (518,426) (401,392) (269,243)
f.Capital gain 0 0 (1,017,195) 486,850
g.Other income 1,250 0 7,674 8
E.Total expense (E1 to E5) 174,310 144,199 80,206 103,545
1.Remuneration to management co-advisor 110,963 111,802 62,426 71,816
2.Remuneration to trustees/custodians 4,128 4,170 2,748 3,029
3.Brokerage-commission /fee 0 0 0 0
4.Administrative and general expenses 53,736 24,131 11,700 24,805
5.Other 5,483 4,096 3,332 3,895
F.Net income for the year (D1-E) 1,086,858 (251,604) (1,267,381) 299,041
G.Other items
1.No. of units (000) 284,125 284,125 284,125 284,125
2.Cash dividend 0.00 0.00 0.00 0.10
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 1,053,318 628,795 (227,214) 133,363
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.74 3.16 1.19 0.54
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.86 2.34 1.07 0.74
4.Return on assets (ROA) (F/C) 0.16 -0.05 -0.41 0.09
5.Management expenses (E1/E) 0.64 0.78 0.78 0.69
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 3.83 -0.89 -4.46 1.05
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.12 0.08 0.06 0.05
2.Total liabilities to total assets (B/C) 0.06 0.01 0.02 0.04
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.43 0.55 0.92 0.82
K.Cash flow ratio
Cash generated from operating activities to net income ( 0.97 -2.50 0.18 0.45

Pak Oman Advantage Fund

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,023,307 1,103,750 1,120,468 1,128,690
1.Certificate holders equity 1,000,000 1,000,000 1,000,000 1,000,000
2.Reserves 0 0 0 0
3.Unappropriated profit/loss 23,307 103,750 120,468 128,690
4.Others 3,366 10,970 (36,810) (16,272)
B.Total liabilities (B1 + B2) 10,561 9,190 7,614 9,206
1.Payable to investment advisor 9,952 7,639 6,024 3,438
2.Others 609 1,551 1,590 5,768
C.Total assets (C1 to C3) 1,037,234 1,123,910 1,091,272 1,121,624
1.Cash & bank balances 237,604 254,595 25,386 317,413
2.Investments 647,155 833,058 1,019,328 778,421
3.Others 152,475 36,257 46,558 25,790
D.Profit & loss account
1.Income (a to g) 27,568 120,221 126,464 131,176
a.Markup/interest income 18,986 115,526 153,722 142,207
b.Dividend income 0 0 0 0
c.Income from future transactions 0 0 0 0
d.Net gain on sale of investments 0 0 (13,140) (9,329)
e.Net unrealized gain/(loss) on investment 671 1,952 (14,262) (1,702)
f.Capital gain 6,472 2,415 0 0
g.Other income 1,439 328 144 0
E.Total expense (E1 to E5) 4,261 18,273 19,746 26,904
1.Remuneration to management co-advisor 1,832 13,464 13,342 13,478
2.Remuneration to trustees/custodians 287 1,230 1,328 1,338
3.Brokerage-commission /fee 92 191 108 210
4.Administrative and general expenses 2,050 3,353 4,759 7,531
5.Other 0 35 209 4,347
F.Net income for the year (D1-E) 23,307 101,948 106,718 104,272
G.Other items
1.No. of units (000) 100,000 10,000 100,000 100,000
2.Cash dividend 0.00 0.00 9.61% 10.38%
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (762,396) 38,491 (114,209) 388,077
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.31 0.04 -0.22 -0.08
2.Trading income (D1c/D1) 0.00 0.00 0.00 0.00
3.Return on revenue (ROR) (F/D1) 0.85 0.85 0.84 0.79
4.Return on assets (ROA) (F/C) 0.02 0.09 0.10 0.09
5.Management expenses (E1/E) 0.43 0.74 0.68 0.50
6.Net assets value per share (A1/G1) 10.00 100.00 10.00 10.00
7.Earning per share (F/G1) 0.23 10.19 1.07 1.04
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.23 0.23 0.02 0.28
2.Total liabilities to total assets (B/C) 0.01 0.01 0.01 0.01
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.96 0.89 0.92 0.89
K.Cash flow ratio
Cash generated from operating activities to net income ( -32.71 0.38 -1.07 3.72

Safeway Mutual Fund (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,122,223 884,832 533,528 682,498
1.Certificate holders equity 544,500 544,500 544,500 544,500
2.Reserves 211,969 105,678 (6,435) 33,000
3.Unappropriated profit/loss 365,754 234,654 (4,537) 104,998
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 27,270 7,687 1,934 2,252
1.Payable to investment advisor 16,614 1,706 915 1,129
2.Others 10,656 5,981 1,019 1,123
C.Total assets (C1 to C3) 1,149,493 892,519 535,462 684,750
1.Cash & bank balances 98,877 13,066 1,381 100,373
2.Investments 1,038,085 846,114 529,901 579,764
3.Others 12,531 33,339 4,180 4,613
D.Profit & loss account
1.Income (a to g) 253,665 6,554 (170,271) 130,886
a.Markup/interest income 0 1,427 1,731 389
b.Dividend income 17,759 31,549 24,816 18,558
c.Income from future transactions 0 0 3,566 0
d.Net gain on sale of investments 224,189 110,830 (112,820) 148,272
e.Net unrealized gain/(loss) on investment 6,455 (144,856) (89,352) (47,083)
f.Capital gain 0 0 0 0
g.Other income 5,262 7,604 1,788 10,750
E.Total expense (E1 to E5) 34,702 28,754 55,308 21,351
1.Remuneration to management co-advisor 16,614 20,933 11,812 14,119
2.Remuneration to trustees/custodians 0 1,471 804 687
3.Brokerage-commission /fee 0 1,254 573 671
4.Administrative and general expenses 2,772 5,044 41,950 5,864
5.Other 15,316 52 169 10
F.Net income for the year (D1-E) 218,963 (22,200) (225,579) 109,535
G.Other items
1.No. of units 54,450 54,450 54,450 54,450
2.Cash dividend 0.00 0.00 0.00 0.18
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 89,679 (85,812) (9,069) 98,992
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1 0.93 -4.03 1.16 0.86
2.Trading income (D1c/D1) 0.00 0.00 -0.02 0.00
3.Return on revenue (ROR) (F/D1) 0.86 -3.39 1.32 0.84
4.Return on assets (ROA) (F/C) 0.19 -0.02 -0.42 0.16
5.Management expense (E1/E) 0.48 0.73 0.21 0.66
6.Net assets value per share (A1/G1) 10.00 10.00 10.00 10.00
7.Earning per share (F/G1) 4.02 -0.41 -4.14 2.01
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.09 0.01 0.00 0.15
2.Total liabilities to total assets (B/C) 0.02 0.01 0.00 0.00
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C) 0.47 0.61 1.02 0.80
K.Cash flow ratio
Cash generated from operating activities to net income ( 0.41 3.87 0.04 0.90

Tri-Star Mutual Fund Ltd.

Items Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
c.Income from future transactions
d.Net gain on sale of investments
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
3.Return on revenue (ROR) (F/D1)
4.Return on assets (ROA) (F/C)
5.Management expenses (E1/E)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
20,702,164 21,803,502 23,447,193 15,148,996 12,524,093 13,153,483 14,552,885 12,083,652
19,278,186 17,982,787 15,819,717 8,067,492 7,486,742 7,436,742 6,486,742 6,486,742
2,116,202 4,529,370 4,518,172 3,977,913 3,977,913 3,977,913 3,977,913 3,977,913
(692,224) (708,655) 3,109,304 3,103,591 1,059,438 1,738,828 4,088,230 1,618,997
4,587,609 1,709,732 5,492,166 6,803,156 6,786,592 6,681,481 8,330,779 7,607,296
566,053 764,055 840,821 1,216,336 703,170 774,027 647,323 685,649
47,052 51,268 58,280 46,286 52,437 46,829 52,057 45,849
519,001 712,787 782,541 1,170,050 650,733 727,198 595,266 639,800
25,855,826 24,277,289 29,780,180 23,168,488 20,013,855 20,608,991 23,530,987 20,376,597
1,847,173 2,279,109 1,615,183 1,000,154 2,171,164 1,901,183 1,064,167 1,155,432
23,432,320 21,073,678 27,818,517 21,213,811 17,618,188 18,572,048 22,214,329 18,924,961
576,333 924,502 346,480 954,523 224,503 135,760 252,491 296,204

5,012,055 3,271,566 7,566,599 4,313,050 1,117,174 1,494,201 4,061,232 (574,790)

548,862 464,914 380,709 212,353 156,096 147,294 45,337 104,044
1,363,218 1,254,691 1,163,862 701,381 608,111 612,143 824,366 1,090,476
0 0 0 0 15,956 0 0 0
920,399 412,914 1,153,462 (60,155) 14,974 14,974 0 0
461,407 413,257 2,607,760 1,125,739 (437,082) 441,337 1,548,230 (662,915)
1,734,608 775,769 2,229,768 2,332,192 744,599 278,418 1,410,598 (1,107,459)
(16,439) (49,979) 31,038 1,540 14,520 35 232,701 1,064
691,772 691,852 917,661 751,211 652,783 543,899 695,189 564,181
505,178 441,906 474,336 392,132 377,651 364,152 451,822 406,353
23,752 22,171 20,295 14,356 13,201 14,230 15,943 14,593
8,794 83,701 114,816 2,775 981 981 0 0
135,573 137,884 337,240 368,529 231,879 161,755 165,096 143,047
18,475 6,190 (29,026) (26,581) 29,071 2,781 62,328 188
4,320,283 2,579,714 6,648,938 3,561,839 464,391 950,302 3,366,043 (1,138,971)

2,003,867 1,874,328 1,658,021 882,798 824,723 819,723 587,723 587,723

N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A
1,105,290 2,738,830 1,674,424 3,043,711 3,720,884 420,634 1,196,332 1,406,780

0.62 0.47 0.80 0.79 0.32 0.49 0.79 3.08

0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00
0.86 0.79 0.88 0.83 0.42 0.64 0.83 1.98
0.17 0.11 0.22 0.15 0.02 0.05 0.14 -0.06
0.73 0.64 0.52 0.52 0.58 0.67 0.65 0.72
9.62 9.59 9.54 9.14 9.08 9.07 11.04 11.04
2.16 1.38 4.01 4.03 0.56 1.16 5.73 -1.94

0.07 0.09 0.05 0.04 0.11 0.09 0.05 0.06

0.02 0.03 0.03 0.05 0.04 0.04 0.03 0.03
 0.75 0.74 0.53 0.35 0.37 0.36 0.28 0.32

0.26 1.06 0.25 0.85 8.01 0.44 0.36 -1.24

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
1,707,315
1,375,400
164,084
167,831
0
26,340
2,827
23,513
1,733,655
275,093
1,430,267
28,295

393,294
25,669
106,606
0
215,313
45,706
0
0
33,561
31,854
783
838
86
0
359,733

137,540
0.00
0.00
329,909

0.66
0.00
0.91
0.21
0.95
10.00
2.62
 0.16
0.02

0.79

0.92

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
645,077
900,000
0
(254,923)
0
2,545
1,089
1,456
647,622
2,923
635,911
8,788

101,012
12,669
26,510
0
42,745
19,065
0
23
17,330
13,179
601
626
2,924
0
83,682

90,000
0.07
0.00
(94,777)

0.61
0.00
0.83
 0.13
0.76
10.00
0.93

0.00
0.00

1.39

-1.13

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
472,946
525,000
0
(52,054)
(38,414)
9,646
679
8,967
444,178
16,087
419,914
8,177

147,383
5,483
38,110
0
27,367
66,914
0
9,509
12,542
6,960
740
227
4,615
0
134,841

52,500
0.15
0.00
20,977
 0.70
0.00
0.91
0.30
0.55
10.00
2.57

0.04
0.02

1.18

0.16

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
257,219
300,000
0
(42,781)
0
16,081
5,009
11,072
273,300
36,187
232,307
4,806

42,219
10,231
12,126
0
21,975
(2,692)
0
579
13,486
5,009
1,465
461
6,551
0
28,733
 30,000
0.00
0.00
(34,256)

0.47
0.00
0.68
0.11
0.37
10.00
0.96

0.13
0.06

1.10

-1.19

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
549,713
580,750
0
(31,037)
0
4,194
935
3,259
553,907
26,310
515,057
12,540

80,291
31,016
9,222
0
(4,144)
44,197
0
0
15,257
10,753
903
788
 2,813
0
65,034

58,075
0.03
0.00
(31,501)

0.50
0.00
0.81
0.12
0.70
10.00
1.12

0.05
0.01

1.05

-0.48

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
767,225 763,012 761,813 1,666,697 1,744,806 1,714,315 1,891,098 1,512,969
760,492 760,492 760,492 760,492 760,492 760,492 760,492 760,492
6,733 2,520 1,321 500 500 500 500 500
0 0 0 905,705 983,814 953,323 1,130,106 751,977
195,843 371,934 840,189 0 0 0 0 0
49,883 25,117 55,049 89,804 113,783 115,929 112,856 103,763
2,161 1,824 2,722 3,872 7,540 4,031 5,812 3,910
47,722 23,293 52,327 85,932 106,243 111,898 107,044 99,853
1,012,951 1,160,063 1,657,051 1,756,501 1,858,589 1,830,244 2,003,954 1,616,732
10,047 14,569 34,468 53,271 107,418 72,279 63,769 55,070
936,117 1,136,933 1,617,620 1,698,189 1,672,007 1,754,500 1,933,029 1,556,648
66,787 8,561 4,963 5,041 79,164 3,465 7,156 5,014

150,680 323,130 860,947 809,134 634,899 213,844 926,189 (161,450)

8,422 4,682 2,375 6,348 5,532 5,596 4,621 2,854
48,649 54,725 69,617 65,172 37,763 33,664 44,358 47,469
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
(10,459) 93,989 468,871 259,904 247,311 107,788 293,588 (215,335)
102,727 169,734 320,084 477,710 344,293 66,796 529,406 3,562
1,341 0 0 0 0 0 54,216 0
 27,349 32,965 58,076 74,386 70,076 54,212 87,779 49,371
19,661 18,157 26,342 35,031 33,618 33,425 41,806 32,882
590 447 885 1,123 1,091 998 1,202 901
598 1,994 4,297 902 0 0 0 0
6,500 12,367 26,552 37,330 35,367 19,789 44,771 15,588
0 0 0 0 0 0 0 0
123,331 290,165 802,871 734,748 564,823 159,632 838,410 (210,821)

152,098 152,098 152,098 152,098 152,098 152,098 15,098 15,098

0.15 0.24 0.42 0.66 0.00 0.21 0.88 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
127,864 117,039 350,488 667,662 538,797 153,133 632,449 165,213

0.62 0.82 0.92 0.91 0.93 0.82 0.95 1.31

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.82 0.90 0.93 0.91 0.89 0.75 0.91 1.31
0.12 0.25 0.48 0.42 0.30 0.09 0.42 -0.13
0.72 0.55 0.45 0.47 0.48 0.62 0.48 0.67
5.00 5.00 5.00 5.00 5.00 5.00 50.37 50.37
0.81 1.91 5.28 4.83 3.71 1.05 55.53 -13.96

0.01 0.01 0.02 0.03 0.06 0.04 0.03 0.03

0.05 0.02 0.03 0.05 0.06 0.06 0.06 0.06

0.75 0.66 0.46 0.43 0.41 0.42 0.38 0.47

1.04 0.40 0.44 0.91 0.95 0.96 0.75 -0.78

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
3,180,705
3,180,044
506,438
(505,777)
(145,936)
67,011
714
66,297
3,101,780
82,152
2,863,246
156,382

733,167
44,701
184,340
0
 423,338
80,788
0
0
98,287
61,817
2,711
2,936
26,875
3,948
634,880

318,004
-
-
(305,737)

0.69
0.00
0.87
0.20
0.63
10.00
2.00

0.03
0.02

1.03

-0.48

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
1,205,768
1,185,750
10,000
10,018
0
20,343
221
20,122
1,226,111
67,159
1,148,780
10,172
 308,390
12,556
64,609
0
58,293
172,932
0
0
47,809
23,312
2,143
0
20,447
1,907
260,581

118,575
0.07
0.00
44,966

0.75
0.00
0.85
0.21
0.49
10.00
2.20

0.05
0.02

0.97

0.17

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
1,436,138
1,200,000
0
236,138
87,294
18,316
2,507
15,809
1,541,748
 42,186
1,465,941
33,621

254,036
89,560
56,620
0
107,302
12,054
0
(11,500)
28,017
28,069
1,596
509
(2,157)
0
226,019

120,000
0.18
0.00
182,020

0.42
0.00
0.89
0.15
1.00
10.00
1.88

0.03
0.01

0.78

0.81

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
757,930
1,000,000
0
(242,070)
8,277
 10,869
3,735
7,134
777,076
171,524
597,937
7,615

130,014
38,778
24,129
0
0
(47,055)
114,162
0
44,048
22,689
634
0
20,015
710
85,966

100,000
0.09
0.00
45,608

0.52
0.00
0.66
0.11
0.52
10.00
0.86

0.22
0.01

1.29

0.53

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
1,059,643
1,000,000
0
59,643
0
19,130
1,850
17,280
1,078,773
77,090
994,036
7,647

326,671
10,600
88,847
0
0
20,660
206,564
0
36,844
27,079
1,323
0
6,022
2,420
289,827

100,000
0.28
0.00
188,598

69.56%
0.00
88.72%
26.87%
0.74
10.00
2.90

7.15%
1.77%

0.93

0.65
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
4,764,800 6,147,936 7,358,626 7,904,120 6,489,505 6,945,240 8,392,964 7,054,056
2,835,000 2,835,000 2,835,000 2,835,000 2,835,000 2,835,000 2,835,000 2,835,000
1,395,722 2,992,500 2,992,500 2,992,500 2,992,500 2,992,500 2,992,500 2,992,500
534,078 320,436 1,531,126 2,076,620 662,005 1,117,740 2,565,464 1,226,556
2,992,500 1,089,638 3,390,801 4,962,010 4,953,097 4,885,153 6,189,749 5,621,904
184,318 346,537 294,148 731,610 354,945 404,806 339,398 374,031
12,929 13,993 20,784 24,876 21,934 23,464 28,671 24,928
171,389 332,544 273,364 706,734 333,011 381,342 310,727 349,103
7,941,618 7,584,111 11,043,575 13,597,740 11,797,547 12,235,199 14,922,111 13,049,991
453,731 276,495 175,873 106,613 627,797 442,390 649,726 729,178
7,367,007 7,059,493 10,842,195 12,880,629 11,068,652 11,701,639 14,097,911 12,112,200
120,880 248,123 25,507 610,498 101,098 91,170 174,474 208,613

1,420,959 732,127 2,014,442 2,252,380 243,037 775,588 2,076,158 (207,122)

65,146 37,401 30,143 31,286 33,368 25,542 25,087 67,578
460,178 415,801 449,471 426,200 392,263 393,095 537,219 738,620
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
44,791 (53,416) 363,229 591,956 (445,205) 221,018 816,767 (292,200)
850,844 332,341 1,171,599 1,202,938 262,611 135,933 578,978 (721,880)
0 0 0 0 0 0 118,107 760
198,326 222,844 307,628 431,135 381,902 319,853 415,809 352,161
155,191 141,231 166,548 225,545 226,743 217,604 284,368 260,360
5,255 4,906 5,546 7,014 7,044 7,769 9,587 8,909
0 31,940 41,652 0 0 0 0 0
33,501 50,686 124,231 228,657 141,845 94,480 81,079 82,892
4,379 (5,919) (30,349) (30,081) 6,270 0 40,775 0
1,222,633 509,283 1,706,814 1,821,245 (138,865) 455,735 1,660,349 (559,283)

283,500 283,500 283,500 283,500 283,500 283,500 283,500 283,500

0.38 0.18 0.45 0.00 0.00 0.08 0.28 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
560,007 539,800 389,874 1,192,332 1,782,614 (185,407) 412,249 841,723

0.63 0.38 0.76 0.80 -0.75 0.46 0.73 4.89

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.86 0.70 0.85 0.81 -0.57 0.59 0.80 2.70
0.15 0.07 0.15 0.13 -0.01 0.04 0.11 -0.04
0.78 0.63 0.54 0.52 0.59 0.68 0.68 0.74
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
4.31 1.80 6.02 6.42 -0.49 1.61 5.86 -1.97

0.06 0.04 0.02 0.01 0.05 0.04 0.04 0.06

0.02 0.05 0.03 0.05 0.03 0.03 0.02 0.03
 0.36 0.37 0.26 0.21 0.24 0.23 0.19 0.22

0.46 1.06 0.23 0.65 -12.84 -0.41 0.25 -1.51

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
2,072,994 2,942,654 3,595,845 3,915,794 3,209,869 3,454,928 4,183,599 3,441,335
2,841,250 2,841,250 2,841,250 2,841,250 2,841,250 2,841,250 2,841,250 2,841,250
225 984,913 984,913 984,913 984,913 984,913 984,913 984,913
(768,481) (883,509) (230,318) 89,631 (616,294) (371,235) 357,436 (384,828)
1,499,300 402,453 1,257,271 1,841,690 1,833,495 1,796,328 2,146,970 1,993,954
120,220 196,823 171,439 366,338 195,064 219,420 185,939 197,377
5,954 6,467 9,383 11,131 9,667 9,977 12,447 10,689
114,266 190,356 162,056 355,207 185,397 209,443 173,492 186,688
3,692,514 3,541,930 5,024,555 6,123,822 5,238,428 5,470,676 6,516,508 5,632,666
238,064 160,891 123,250 87,167 366,044 316,611 350,631 371,142
3,376,328 3,267,605 4,886,824 5,720,675 4,832,231 5,115,909 6,095,223 5,179,170
78,122 113,434 14,481 315,980 40,153 38,156 70,654 82,354

709,473 347,065 1,026,485 1,149,650 95,136 391,130 1,037,107 (198,408)

36,871 21,276 18,160 19,066 18,566 17,526 15,629 33,612
216,046 197,514 217,662 202,092 178,063 185,384 242,717 304,352
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
(389) (28,080) 222,166 291,433 (239,188) 112,531 437,875 (155,380)
456,945 156,355 568,497 637,059 137,695 75,689 280,508 (381,296)
0 0 0 0 0 0 60,378 304
97,438 106,937 145,994 204,627 175,987 146,071 189,103 160,288
71,887 64,904 76,458 101,795 100,573 97,087 124,151 111,662
3,032 2,822 3,167 3,929 3,886 4,313 5,061 4,708
0 16,120 21,253 0 0 0 0 0
17,736 13,507 47,631 97,293 51,508 44,671 38,816 43,918
4,783 9,584 (2,515) 1,610 20,020 0 21,075 0
612,035 240,128 880,491 945,023 (80,851) 245,059 848,004 (358,696)

284,125 284,125 284,125 284,125 284,125 284,125 284,125 284,125

0.20 0.08 0.22 0.00 0.00 0.04 0.14 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
401,816 274,992 187,021 582,576 898,290 (49,036) 151,050 399,059

0.64 0.37 0.77 0.81 -1.07 0.48 0.75 2.70

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.86 0.69 0.86 0.82 -0.85 0.63 0.82 1.81
0.17 0.07 0.18 0.15 -0.02 0.04 0.13 -0.06
0.74 0.61 0.52 0.50 0.57 0.66 0.66 0.70
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
 2.15 0.85 3.10 3.33 -0.28 0.86 2.98 -1.26

0.06 0.05 0.02 0.01 0.07 0.06 0.05 0.07

0.03 0.06 0.03 0.06 0.04 0.04 0.03 0.04

0.77 0.80 0.57 0.46 0.54 0.52 0.44 0.50

0.66 1.15 0.21 0.62 -11.11 -0.20 0.18 -1.11

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 Not available Not available
1,136,053 1,142,894 1,119,364 1,125,724 1,039,000 1,039,000
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
0 0 0 0 0 0
136,053 142,894 119,364 125,724 39,000 39,000
(11,255) (1,222) 39 (544) 0 0
10,737 11,581 13,495 15,772 33,872 33,872
2,773 1,349 1,455 1,534 9,357 9,357
7,964 10,232 12,040 14,238 24,515 24,515
1,135,535 1,153,253 1,132,898 1,140,952 1,072,872 1,072,872
347,618 368,179 199,125 736,294 1,069,903 1,069,903
760,974 754,189 921,703 392,979 0 0
26,943 30,885 12,070 11,679 2,969 2,969

96,974 130,683 100,165 105,160 113,639 113,639

110,253 140,933 120,072 109,772 98,630 98,630
0 0 0 0 0 0
0 0 0 0 0 0
(17,329) (659) 2,546 (880) 14,974 14,974
4,050 1,432 (8,813) (3,801) 0 0
0 0 0 0 0 0
0 (11,023) (13,640) 69 35 35
20,499 22,112 21,915 24,460 23,763 23,763
13,386 16,046 16,457 18,732 16,036 16,036
1,332 1,361 1,380 1,372 1,150 1,150
277 0 0 642 981 981
3,265 2,433 2,436 1,824 2,815 2,815
2,239 2,272 1,642 1,890 2,781 2,781
76,475 108,571 78,250 80,700 89,876 89,876

100,000 100,000 100,000 100,000 100,000 100,000

10.17% 10.18% 7.43% 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
133,975 122,275 (67,287) 611,496 501,944 501,944

-0.14 -0.08 -0.20 -0.04 0.13 0.13

0.00 0.00 0.00 0.00 0.00 0.00
 0.79 0.83 0.78 0.77 0.79 0.79
0.07 0.09 0.07 0.07 0.08 0.08
0.65 0.73 0.75 0.77 0.67 0.67
10.00 10.00 10.00 10.00 10.00 10.00
0.76 1.09 0.78 0.81 0.90 0.90

0.31 0.32 0.18 0.65 1.00 1.00

0.01 0.01 0.01 0.01 0.03 0.03

0.88 0.87 0.88 0.88 0.93 0.93

1.75 1.13 -0.86 7.58 5.58 5.58

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
661,979
544,500
33,000
84,479
0
2,338
1,118
1,220
664,317
995
658,398
4,924

95,835
12,249
27,177
0
45,539
10,845
0
25
17,255
13,800
613
656
2,186
0
78,580

54,450
-
-
(99,378)

0.59
0.00
0.82
0.12
0.80
10.00
1.44

0.00
0.00

0.82

-1.26

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
26,659 25,990 40,913 40,913 40,913 85224 85,224 75,292
50,000 50,000 50,000 50,000 50,000 50000 50,000 50,000
0 0 0 0 0 0 0 0
(23,341) (24,010) (9,087) (9,087) (9,087) 35224 35,224 25,292
0 0 0 0 0 -5940 (5,940) (8,562)
4,081 4,816 5,506 5,506 5,506 9130 9,130 10,478
2,551 3,389 3,939 3,939 3,939 5127 5,127 6,322
1,530 1,427 1,567 1,567 1,567 4003 4,003 4,156
30,740 30,806 46,419 46,419 46,419 88414 88,414 77,208
7 5 2 2 2 41 41 42
30,100 30,169 45,298 45,298 45,298 88166 88,166 76,943
633 632 1,119 1,119 1,119 207 207 223

3,414 90 15,978 15,978 30,463 21778 21,778 (7,810)

0 0 0 0 0 0 0 0
48 21 22 22 22 72 72 35
0 0 0 0 15,956 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
3,366 700 14,485 14,485 0 21706 21,706 (7,845)
0 (631) 1,471 1,471 14,485 0 0 0
766 759 1,055 1,055 1,055 2498 2,498 2,361
532 521 681 681 681 1497 1,497 1,449
30 30 30 30 30 93 93 75
45 0 0 0 0 0 0 0
159 208 344 344 344 430 430 649
0 0 0 0 0 478 478 188
2,648 (669) 14,923 14,923 29,408 19280 19,280 (10,171)
5,000 5,000 5,000 5,000 5,000 5000 5,000 5,000
0.00 0.00 0.00 0.00 0.00 0 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0 0.00 0.00
(761) (24) (852) (852) (761) 584 584 785

0.99 0.77 1.00 1.00 1.00 1.00 1.00 1.00

0.00 0.00 0.00 0.00 0.52 0.00 0.00 0.00
0.78 -7.43 0.93 0.93 0.97 0.89 0.89 1.30
0.09 -0.02 0.32 0.32 0.63 0.22 0.22 -0.13
0.69 0.69 0.65 0.65 0.65 0.60 0.60 0.61
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
0.53 -0.13 2.98 2.98 5.88 3.86 3.86 -2.03

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.13 0.16 0.12 0.12 0.12 0.10 0.10 0.14

1.63 1.62 1.08 1.08 1.08 0.57 0.57 0.65

-0.29 0.04 -0.06 -0.06 -0.03 0.03 0.03 -0.08

Modaraba Companies - Overall
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 10,275,032 10,890,240 11,014,186 11,441,371
1.Certificate capital 7,079,743 7,422,645 8,439,418 8,439,418
2.Reserves 3,870,413 3,682,816 3,579,654 4,222,106
3.Unappropriated profit (675,124) (215,221) (1,004,886) (1,220,153)
4.Others 359,923 498,561 (43,741) 47,715
B.Total liabilities (B1 + B2) 14,700,635 17,278,012 12,310,898 13,003,729
1.Current liabilities 9,831,839 10,139,280 7,945,306 9,445,827
2.Non-current liabilities 4,868,796 7,138,732 4,365,592 3,557,902
C.Total assets (C1+C2) 25,335,590 28,666,813 23,281,343 24,492,815
1.Current assets (a + b) 12,030,150 13,697,734 9,934,333 11,249,647
a.Cash and banks balances 1,327,204 1,252,489 1,075,987 1,171,444
b.Other current assets 10,702,947 12,445,245 8,858,346 10,078,203
2.Non-current assets (a + b + c) 13,305,440 14,969,079 13,347,010 13,243,168
a.Fixed assets 4,872,096 7,635,615 7,011,209 9,303,864
b.Long-term investments 4,914,633 4,012,698 4,132,080 2,257,698
c.Other non-current assets 3,518,711 3,320,766 2,203,721 1,681,606
D.Profit & loss account
1.Gross revenue(loss) 4,831,869 5,849,848 7,047,368 5,308,306
2.Operating expenses 1,684,052 1,907,021 2,237,073 1,246,196
3.Operating profit 3,147,931 3,473,593 4,810,295 4,065,640
4.Modaraba co's management fees 84,008 35,387 60,712 38,345
5.Profit/(loss) before taxation 717,275 870,025 1,321,320 799,640
6.Profit/(loss) after taxation 712,393 852,807 1,309,424 780,586
E.Other items
1.No. of certificates (000) 1,028,372 843,061 944,558 925,557
2.Cash dividend N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A
4.Cash generated from operating activities 662,910 (692,866) 1,786,670 2,283,871
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.07 0.08 0.12 0.07
2.Return on capital employed (ROCE) (D5/(C-B1) 0.05 0.05 0.09 0.05
3.Return on assets (ROA) (D6/C) 0.03 0.03 0.06 0.03
4.Return on revenue (D6/D1) 0.15 0.15 0.19 0.15
5.Operating expenses to net income (D2/D6) 2.36 2.24 1.71 1.60
6.Management expenses (D4/D2) 0.05 0.02 0.03 0.03
7.Earning Per Certificate (D6/E1) 0.69 1.01 1.39 0.84
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 1.22 1.35 1.25 1.19
2.Total liabilities to total assets (B/C) (times) 0.58 0.60 0.53 0.53
3.Long term investment to total assets (C2b/C) 0.19 0.14 0.18 0.09
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.41 0.38 0.47 0.47
2.Break up value per certificate (A/E1) 9.99 12.92 11.66 12.36
I.Cash flow ratio
1.Cash generated from operating activities to profi 0.93 -0.81 1.36 2.93
2.Cash generated from operating activities to curre 0.07 -0.07 0.22 0.24

Allied Rental Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) - - 871,680 1,059,652
1.Certificate capital - - 600,000 600,000
2.Reserves - - 177,942 316,928
3.Unappropriated profit - - 93,738 142,724
4.Others - - 90,000 90,000
B.Total liabilities (B1 + B2) - - 311,177 361,219
1.Current liabilities - - 203,400 316,634
2.Non-current liabilities - - 107,777 44,585
C.Total assets (C1+C2) - - 1,272,857 1,510,871
1.Current assets (a + b) - - 182,703 204,600
a.Cash and banks balances - - 34,979 87,624
b.Other current assets - - 147,724 116,976
2.Non-current assets (a + b + c) - - 1,090,154 1,306,271
a.Fixed assets - - 980,382 1,219,700
b.Long-term investments - - 83,642 69,678
c.Other non-current assets - - 26,130 16,893
D.Profit & loss account
1.Gross revenue(loss) - - 633,335 829,397
2.Operating expenses - - 383,415 491,197
3.Operating profit - - 249,920 338,200
4.Modaraba co's management fees - - 0 8,597
5.Profit/(loss) before taxation - - 176,141 277,973
6.Profit/(loss) after taxation - - 176,141 277,973
E.Other items
1.No. of certificates (000) - - 60,000 60,000
2.Cash dividend - - 0.15 0.23
3.Stock dividend/bonus shares - - 0.00 0.00
4.Cash generated from operating activities - - 275,140 530,059
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) - - 0.20 0.26
2.Return on capital employed (ROCE) (D5/(C-B1) - - 0.16 0.23
3.Return on assets (ROA) (D6/C) - - 0.14 0.18
4.Return on revenue (D6/D1) - - 0.28 0.34
5.Operating expenses to net income (D2/D6) - - 2.18 1.77
6.Management expenses (D4/D2) - - 0.00 0.02
7.Earning Per Certificate (D6/E1) - - 2.94 4.63
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim - - 0.90 0.65
2.Total liabilities to total assets (B/C) (times) - - 0.24 0.24
3.Long term investment to total assets (C2b/C) - - 0.07 0.05
H.Capital /leverage ratios
1.Capital ratio (A/C) - - 0.68 0.70
2.Break up value per certificate (A/E1) - - 14.53 17.66
I.Cash flow ratio
1.Cash generated from operating activities to profi - - 1.56 1.91
2.Cash generated from operating activities to curre - - 1.35 1.67

Awwal Modaraba
Items Not Available Not Available Not Available Not Available
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)

B.F. Modaraba
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 80,533 87,379 91,058 94,461
1.Certificate capital 59,119 63,553 68,320 68,320
2.Reserves 13,054 15,108 16,212 17,232
3.Unappropriated profit 8,360 8,718 6,526 8,909
4.Others 10,267 5,933 557 7,760
B.Total liabilities (B1 + B2) 3,085 3,279 8,688 2,439
1.Current liabilities 2,862 3,158 8,521 2,193
2.Non-current liabilities 223 121 167 246
C.Total assets (C1+C2) 93,885 96,591 100,303 104,660
1.Current assets (a + b) 90,753 95,048 99,061 103,685
a.Cash and banks balances 8,235 25,109 15,491 8,008
b.Other current assets 82,519 69,939 83,570 95,677
2.Non-current assets (a + b + c) 3,132 1,543 1,242 975
a.Fixed assets 951 808 1,202 935
b.Long-term investments 2,181 735 40 40
c.Other non-current assets 0 0 0 0
D.Profit & loss account
1.Gross revenue(loss) 10,254 11,014 14,473 11,913
2.Operating expenses 1,641 1,845 2,201 2,523
3.Operating profit 8,613 9,169 12,272 9,390
4.Modaraba co's management fees 773 847 811 0
5.Profit/(loss) before taxation 6,958 7,626 7,064 5,438
6.Profit/(loss) after taxation 6,155 6,846 3,679 3,403
E.Other items
1.No. of certificates (000) 5,912 6,355 6,832 6,832
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.08 0.08 0.00 0.10
4.Cash generated from operating activities (21,996) 10,527 (1,307) (13,710)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.08 0.04 0.04
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.08 0.08 0.05
3.Return on assets (ROA) (D6/C) 0.00 0.07 0.04 0.03
4.Return on revenue (D6/D1) 0.01 0.62 0.25 0.29
5.Operating expenses to net income (D2/D6) 0.00 0.27 0.60 0.74
6.Management expenses (D4/D2) 0.00 0.46 0.37 0.00
7.Earning Per Certificate (D6/E1) 1.04 1.08 0.54 0.50
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 31.71 30.10 11.63 47.28
2.Total liabilities to total assets (B/C) (times) 0.03 0.03 0.09 0.02
3.Long term investment to total assets (C2b/C) 0.00 0.01 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.90 0.91 0.90
2.Break up value per certificate (A/E1) 13.62 13.75 13.33 13.83
I.Cash flow ratio
1.Cash generated from operating activities to profi -3.57 1.54 -0.36 -4.03
2.Cash generated from operating activities to curre -7.69 3.33 -0.15 -6.25

B.R.R. Guardian Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,310,919 1,396,251 823,262 662,028
1.Certificate capital 780,462 780,462 780,462 780,462
2.Reserves 455,853 539,522 544,522 544,522
3.Unappropriated profit 74,604 76,267 (501,722) (662,956)
4.Others 324,222 437,033 (82,842) (29,134)
B.Total liabilities (B1 + B2) 2,558,811 2,682,433 2,266,700 3,010,180
1.Current liabilities 1,850,802 1,541,160 1,104,517 1,976,529
2.Non-current liabilities 708,009 1,141,273 1,162,183 1,033,651
C.Total assets (C1+C2) 4,193,952 4,515,717 3,007,120 3,643,074
1.Current assets (a + b) 1,970,292 2,296,937 1,032,099 1,750,439
a.Cash and banks balances 12,950 9,881 66,288 105,242
b.Other current assets 1,957,342 2,287,056 965,811 1,645,197
2.Non-current assets (a + b + c) 2,223,660 2,218,780 1,975,021 1,892,635
a.Fixed assets 182,585 986,678 505,989 289,635
b.Long-term investments 136,781 166,024 163,297 593,777
c.Other non-current assets 1,904,294 1,066,078 1,305,735 1,009,223
D.Profit & loss account
1.Gross revenue(loss) 885,526 921,625 557,006 631,419
2.Operating expenses 91,591 98,877 99,113 102,281
3.Operating profit 793,935 822,748 457,893 508,827
4.Modaraba co's management fees 14,582 16,852 0 0
5.Profit/(loss) before taxation 131,241 151,671 502,748 (161,234)
6.Profit/(loss) after taxation 147,102 151,671 502,748 (161,234)
E.Other items
1.No. of certificates (000) 78,046 78,046 78,046 78,046
2.Cash dividend 0.09 0.09 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 658,968 492,751 497,007 421,836
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.11 0.61 -0.24
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.05 0.26 -0.10
3.Return on assets (ROA) (D6/C) 0.00 0.03 0.17 -0.04
4.Return on revenue (D6/D1) 0.00 0.16 0.90 -0.26
5.Operating expenses to net income (D2/D6) 0.01 0.65 0.20 -0.63
6.Management expenses (D4/D2) 0.00 0.17 0.00 0.00
7.Earning Per Certificate (D6/E1) 1.89 1.94 6.44 -2.07
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 1.07 1.49 0.93 0.89
2.Total liabilities to total assets (B/C) (times) 0.61 0.59 0.75 0.83
3.Long term investment to total assets (C2b/C) 0.00 0.04 0.05 0.16
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.00 0.31 0.27 0.18
2.Break up value per certificate (A/E1) 16.80 17.89 10.55 8.48
I.Cash flow ratio
1.Cash generated from operating activities to profi 4.48 3.25 0.99 -2.62
2.Cash generated from operating activities to curre 0.36 0.32 0.45 0.21

Constellation Modaraba (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 75,571 74,736 65,069 67,185
1.Certificate capital 64,625 64,625 64,625 64,625
2.Reserves 5,867 5,927 5,928 6,350
3.Unappropriated profit 5,079 4,184 (5,484) (3,790)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 6,361 6,573 6,277 7,254
1.Current liablities 6,361 6,573 6,277 7,254
2.Non-current liabilities 0 0 0 0
C.Total assets (C1+C2) 81,932 81,309 71,346 74,439
1.Current assets (a + b) 25,233 24,595 38,238 41,369
a.Cash and banks balances 12,329 21 86 240
b.Other current assets 12,904 24,574 38,152 41,129
2.Non-current assets (a + b + c) 56,699 56,714 33,108 33,070
a.Fixed assets 699 714 108 70
b.Long-term investments 23,000 23,000 33,000 33,000
c.Other non-current assets 33,000 33,000 0 0
D.Profit & loss account
1.Gross revenue(loss) 8,582 4,357 3,854 7,347
2.Operating expenses 4,228 332 4,227 4,903
3.Operating profit 4,354 4,025 (373) 2,444
4.Modaraba co's management fees 94 30 0 0
5.Profit/(loss) before taxation 937 301 (4,987) 2,223
6.Profit/(loss) after taxation 894 301 (4,987) 2,118
E.Other items
1.No. of certificates 6,462 6,462 6,462 6,462
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 96,056 (17,078) 7,897 162
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.00 -0.08 0.03
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.00 -0.08 0.03
3.Return on assets (ROA) (D6/C) 0.00 0.00 -0.07 0.03
4.Return on revenue (D6/D1) 0.00 0.07 -1.29 0.29
5.Operating expenses to net income (D2/D6) 0.05 1.10 -0.85 2.31
6.Management expenses (D4/D2) 0.00 0.09 0.00 0.00
7.Earning Per Certificate (D6/E1) 0.14 0.05 -0.77 0.33
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (ti 3.97 3.74 6.09 5.70
2.Total liabilities to total assets (B/C) (times) 0.08 0.08 0.09 0.10
3.Long term investment to total assets (C2b/C) 0.00 0.28 0.46 0.44
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.92 0.91 0.90
2.Break up value per certificate (A/E1) 11.70 11.57 10.07 10.40
I.Cash flow ratio
1.Cash generated from operating activities to profi 107.45 -56.74 -1.58 0.08
2.Cash generated from operating activities to curre 15.10 -2.60 1.26 0.02

Crescent Standard Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 108,602 109,140 110,902 115,926
1.Certificate capital 200,000 200,000 200,000 200,000
2.Reserves 4,288 4,557 5,438 7,950
3.Unappropriated profit (95,686) (95,417) (94,536) (92,024)
4.Others 0 (1,311) (630) (896)
B.Total liabilities (B1 + B2) 23,652 23,108 23,179 44,101
1.Current liabilities 23,652 23,108 23,179 43,951
2.Non-current liabilities 0 0 0 150
C.Total assets (C1+C2) 132,254 130,937 133,451 159,131
1.Current assets (a + b) 132,254 130,619 133,451 134,649
a.Cash and banks balances 286 16,088 16,490 20,812
b.Other current assets 131,968 114,531 116,961 113,837
2.Non-current assets (a + b + c) 0 318 0 24,482
a.Fixed assets 0 318 0 2,285
b.Long-term investments 0 0 0 22,197
c.Other non-current assets 0 0 0 0
D.Profit & loss account
1.Gross revenue(loss) 178 1,417 4,218 13,528
2.Operating expenses 646 1,822 1,919 5,983
3.Operating profit (468) (405) 2,299 9,085
4.Modaraba co's management fees 0 0 0 0
5.Profit/(loss) before taxation 538 538 1,762 5,024
6.Profit/(loss) after taxation 538 538 1,762 5,024
E.Other items
1.No. of certificates (000) 20,000 20,000 20,000 20,000
2.Cash dividend 0.00 0.00 0.00 0.01
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 2,770 42,512 32,502 19,282
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.00 0.02 0.04
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.01 0.02 0.04
3.Return on assets (ROA) (D6/C) 0.00 0.00 0.01 0.03
4.Return on revenue (D6/D1) 0.03 0.38 0.42 0.37
5.Operating expenses to net income (D2/D6) 0.01 3.39 1.09 1.19
6.Management expenses (D4/D2) 0.00 0.00 0.00 0.00
7.Earning Per Certificate (D6/E1) 0.03 0.03 0.09 0.25
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 5.59 5.65 5.76 3.06
2.Total liabilities to total assets (B/C) (times) 0.18 0.18 0.17 0.28
3.Long term investment to total assets (C2b/C) 0.00 0.00 0.00 0.14
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.83 0.83 0.73
2.Break up value per certificate (A/E1) 5.43 5.46 5.55 5.80
I.Cash flow ratio
1.Cash generated from operating activities to profi 5.15 79.02 18.45 3.84
2.Cash generated from operating activities to curre 0.12 1.84 1.40 0.44
First Al-Noor Modaraba
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 291,395 313,462 296,968 308,442
1.Certificate capital 210,000 210,000 210,000 210,000
2.Reserves 67,772 79,628 80,970 83,677
3.Unappropriated profit 13,623 23,834 5,998 14,765
4.Others (1,697) (18,622) (17,272) (1,568)
B.Total liabilities (B1 + B2) 43,407 34,996 21,844 23,995
1.Current liabilities 35,902 27,556 13,418 17,674
2.Non-current liabilities 7,505 7,440 8,426 6,321
C.Total assets (C1+C2) 333,105 329,836 301,540 330,869
1.Current assets (a + b) 223,314 205,998 204,296 253,921
a.Cash and banks balances 68,461 9,568 24,483 11,400
b.Other current assets 154,853 196,430 179,813 242,521
2.Non-current assets (a + b + c) 109,791 123,838 97,244 76,948
a.Fixed assets 56,456 76,032 42,064 43,338
b.Long-term investments 53,335 43,966 29,295 18,598
c.Other non-current assets 0 3,840 25,885 15,012
D.Profit & loss account
1.Gross revenue(loss) 52,664 67,348 65,620 41,055
2.Operating expenses 9,225 9,413 11,722 13,925
3.Operating profit 43,439 57,935 53,898 49,968
4.Modaraba co's management fees 1,871 3,589 508 0
5.Profit/(loss) before taxation 16,839 32,301 4,572 11,267
6.Profit/(loss) after taxation 16,656 31,991 4,205 11,035
E.Other items
1.No. of certificates (000) 21,000 21,000 21,000 21,000
2.Cash dividend 0.06 0.10 0.00 0.05
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 76,399 7,086 74,367 (9,158)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.10 0.01 0.04
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.11 0.02 0.04
3.Return on assets (ROA) (D6/C) 0.00 0.10 0.01 0.03
4.Return on revenue (D6/D1) 0.00 0.48 0.06 0.27
5.Operating expenses to net income (D2/D6) 0.01 0.29 2.79 1.26
6.Management expenses (D4/D2) 0.00 0.38 0.04 0.00
7.Earning Per Certificate (D6/E1) 0.79 1.52 0.20 0.53
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 6.22 7.48 15.23 14.37
2.Total liabilities to total assets (B/C) (times) 0.13 0.11 0.07 0.07
3.Long term investment to total assets (C2b/C) 0.00 0.13 0.10 0.06
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.95 0.98 0.93
2.Break up value per certificate (A/E1) 13.88 14.93 14.14 14.69
I.Cash flow ratio
1.Cash generated from operating activities to profi 4.59 0.22 17.69 -0.83
2.Cash generated from operating activities to curre 2.13 0.26 5.54 -0.52

First Elite Capital Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 123,951 118,182 112,550 117,680
1.Certificate capital 113,400 113,400 113,400 113,400
2.Reserves 10,551 4,782 (850) 4,280
3.Unappropriated profit 0 0 0 0
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 18,767 25,553 32,568 37,344
1.Current liabilities 6,974 12,717 14,290 15,150
2.Non-current liabilities 11,793 12,836 18,278 22,194
C.Total assets (C1+C2) 142,718 143,735 145,118 155,024
1.Current assets (a + b) 82,860 67,337 47,099 49,915
a.Cash and banks balances 13,665 13,961 10,439 6,480
b.Other current assets 69,195 53,376 36,660 43,435
2.Non-current assets (a + b + c) 59,858 76,398 98,019 105,109
a.Fixed assets 1,712 1,791 1,620 1,758
b.Long-term investments 20,635 25,371 21,057 20,679
c.Other non-current assets 37,511 49,236 75,342 82,672
D.Profit & loss account
1.Gross revenue(loss) 30,263 35,809 41,064 48,178
2.Operating expenses 8,641 10,065 11,123 12,864
3.Operating profit 21,622 25,744 29,941 35,314
4.Modaraba co's management fees 1,069 1,095 766 0
5.Profit/(loss) before taxation 9,623 9,854 6,893 7,320
6.Profit/(loss) after taxation 9,623 9,854 6,893 7,320
E.Other items
1.No. of certificates (000) 11,340 11,340 11,340 11,340
2.Cash dividend 0.06 0.06 0.05 0.05
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 23,176 5,755 1,332 (6,079)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.08 0.06 0.06
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.08 0.05 0.05
3.Return on assets (ROA) (D6/C) 0.00 0.07 0.05 0.05
4.Return on revenue (D6/D1) 0.00 0.28 0.17 0.15
5.Operating expenses to net income (D2/D6) 0.01 1.02 1.61 1.76
6.Management expenses (D4/D2) 0.00 0.11 0.07 0.00
7.Earning Per Certificate (D6/E1) 0.85 0.87 0.61 0.65
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 11.88 5.30 3.30 3.29
2.Total liabilities to total assets (B/C) (times) 0.13 0.18 0.22 0.24
3.Long term investment to total assets (C2b/C) 0.00 0.18 0.15 0.13
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.82 0.78 0.76
2.Break up value per certificate (A/E1) 10.93 10.42 9.93 10.38
I.Cash flow ratio
1.Cash generated from operating activities to profi 2.41 0.58 0.19 -0.83
2.Cash generated from operating activities to curre 3.32 0.45 0.09 -0.40

First Equity Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 582,748 574,163 544,464 547,821
1.Certificate capital 524,400 524,400 524,400 524,400
2.Reserves 66,096 75,543 75,689 74,975
3.Unappropriated profit (7,748) (25,780) (55,625) (51,554)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 58,671 64,951 46,040 39,126
1.Current liabilities 57,732 63,842 45,035 37,729
2.Non-current liabilities 939 1,109 1,005 1,397
C.Total assets (C1+C2) 641,419 639,114 590,504 586,947
1.Current assets (a + b) 287,273 248,798 232,708 232,002
a.Cash and banks balances 116,157 52,857 10,757 20,183
b.Other current assets 171,116 195,941 221,951 211,819
2.Non-current assets (a + b + c) 354,146 390,316 357,796 354,945
a.Fixed assets 12,460 16,964 15,189 19,051
b.Long-term investments 297,036 309,231 278,917 278,133
c.Other non-current assets 44,650 64,121 63,690 57,761
D.Profit & loss account
1.Gross revenue(loss) 39,582 26,155 22,801 25,877
2.Operating expenses 20,399 20,966 20,946 23,136
3.Operating profit 19,183 5,189 1,855 2,741
4.Modaraba co's management fees 0 0 0 0
5.Profit/(loss) before taxation 19,810 7,566 346 (591)
6.Profit/(loss) after taxation 18,000 7,367 146 (714)
E.Other items
1.No. of certificates (000) 52,440 52,440 52,440 52,440
2.Cash dividend 0.03 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 63,664 (30,463) (30,679) 13,607
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.01 0.00 0.00
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.01 0.00 0.00
3.Return on assets (ROA) (D6/C) 0.00 0.01 0.00 0.00
4.Return on revenue (D6/D1) 0.00 0.28 0.01 -0.03
5.Operating expenses to net income (D2/D6) 0.01 2.85 143.47 -32.40
6.Management expenses (D4/D2) 0.00 0.00 0.00 0.00
7.Earning Per Certificate (D6/E1) 0.34 0.14 0.00 -0.01
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 4.98 3.90 5.17 6.15
2.Total liabilities to total assets (B/C) (times) 0.09 0.10 0.08 0.07
3.Long term investment to total assets (C2b/C) 0.00 0.48 0.47 0.47
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.90 0.92 0.93
2.Break up value per certificate (A/E1) 11.11 10.95 10.38 10.45
I.Cash flow ratio
1.Cash generated from operating activities to profi 3.54 -4.14 -210.13 -19.06
2.Cash generated from operating activities to curre 1.10 -0.48 -0.68 0.36

First Fidelity Leasing Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 348,724 351,545 326,707 325,202
1.Certificate capital 264,138 264,138 264,138 264,138
2.Reserves 58,005 58,064 61,914 72,258
3.Unappropriated profit 26,581 29,343 655 (11,194)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 168,041 142,696 131,052 107,665
1.Current liabilities 101,047 60,781 69,246 86,547
2.Non-current liabilities 66,994 81,915 61,806 21,118
C.Total assets (C1+C2) 516,765 494,241 457,759 432,867
1.Current assets (a + b) 204,416 155,691 105,432 199,227
a.Cash and banks balances 40,429 34,160 5,469 13,405
b.Other current assets 163,987 121,531 99,963 185,822
2.Non-current assets (a + b + c) 312,349 338,550 352,327 233,640
a.Fixed assets 158,927 181,426 105,765 75,272
b.Long-term investments 20,158 57,195 59,881 4,574
c.Other non-current assets 133,264 99,929 186,681 153,794
D.Profit & loss account
1.Gross revenue(loss) 82,616 118,948 71,449 55,884
2.Operating expenses 22,106 24,960 21,077 18,438
3.Operating profit 60,510 93,988 50,372 37,446
4.Modaraba co's management fees 3,689 4,631 0 0
5.Profit/(loss) before taxation 33,207 41,680 (2,580) (11,530)
6.Profit/(loss) after taxation 33,207 41,680 (2,274) (11,849)
E.Other items
1.No. of certificates (000) 26,413 26,413 26,413 26,413
2.Cash dividend 0.10 0.10 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 34,622 (8,589) 15,893 24,329
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.12 -0.01 -0.04
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.10 -0.01 -0.03
3.Return on assets (ROA) (D6/C) 0.00 0.08 -0.01 -0.03
4.Return on revenue (D6/D1) 0.00 0.35 -0.03 -0.21
5.Operating expenses to net income (D2/D6) 0.01 0.60 -9.27 -1.56
6.Management expenses (D4/D2) 0.00 0.19 0.00 0.00
7.Earning Per Certificate (D6/E1) 1.26 1.58 -0.09 -0.45
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 2.02 2.56 1.52 2.30
2.Total liabilities to total assets (B/C) (times) 0.33 0.29 0.29 0.25
3.Long term investment to total assets (C2b/C) 0.00 0.12 0.13 0.01
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.71 0.71 0.75
2.Break up value per certificate (A/E1) 13.20 13.31 12.37 12.31
I.Cash flow ratio
1.Cash generated from operating activities to profi 1.04 -0.21 -6.99 -2.05
2.Cash generated from operating activities to curre 0.34 -0.14 0.23 0.28

First Habib Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 2,497,691 2,846,818 2,618,148 2,892,195
1.Certificate capital 504,000 1,008,000 1,008,000 1,008,000
2.Reserves 1,888,247 1,619,090 1,407,211 1,668,921
3.Unappropriated profit 105,444 219,728 202,937 215,274
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 2,503,211 1,178,832 663,054 885,692
1.Current liabilities 1,811,583 778,516 527,696 728,545
2.Non-current liabilities 691,628 400,316 135,358 157,147
C.Total assets (C1+C2) 5,000,902 4,025,650 3,281,202 3,777,887
1.Current assets (a + b) 1,808,282 1,303,313 1,163,360 1,302,277
a.Cash and banks balances 125,153 150,213 302,136 212,337
b.Other current assets 1,683,129 1,153,100 861,224 1,089,940
2.Non-current assets (a + b + c) 3,192,620 2,722,337 2,117,842 2,475,610
a.Fixed assets 3,191,309 2,713,543 2,103,719 2,435,300
b.Long-term investments 1,164 1,211 80 32,291
c.Other non-current assets 147 7,583 14,043 8,019
D.Profit & loss account
1.Gross revenue(loss) 1,502,963 1,666,786 1,666,234 317,651
2.Operating expenses 1,248,616 1,390,608 1,357,193 47,817
3.Operating profit 254,347 276,178 309,041 269,834
4.Modaraba co's management fees 16,590 (29,873) 27,068 29,713
5.Profit/(loss) before taxation 149,310 268,855 243,613 267,421
6.Profit/(loss) after taxation 149,310 268,855 243,613 267,421
E.Other items
1.No. of certificates (000) 100,800 201,600 201,600 201,600
2.Cash dividend 0.20 0.21 0.20 0.21
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (232,787) 559,621 805,462 (102,404)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.06 0.09 0.09 0.09
2.Return on capital employed (ROCE) (D5/(C-B1) 0.05 0.08 0.09 0.09
3.Return on assets (ROA) (D6/C) 0.03 0.07 0.07 0.07
4.Return on revenue (D6/D1) 0.10 0.16 0.15 0.84
5.Operating expenses to net income (D2/D6) 8.36 5.17 5.57 0.18
6.Management expenses (D4/D2) 0.01 -0.02 0.02 0.62
7.Earning Per Certificate (D6/E1) 1.48 1.33 1.21 1.33
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 1.00 1.67 2.20 1.79
2.Total liabilities to total assets (B/C) (times) 0.50 0.29 0.20 0.23
3.Long term investment to total assets (C2b/C) 0.00 0.00 0.00 0.01
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.50 0.71 0.80 0.77
2.Break up value per certificate (A/E1) 24.78 14.12 12.99 14.35
I.Cash flow ratio
1.Cash generated from operating activities to profi -1.56 2.08 3.31 -0.38
2.Cash generated from operating activities to curre -0.13 0.72 1.53 -0.14

First Imrooz Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 96,064 92,442 102,508 112,178
1.Certificate capital 30,000 30,000 30,000 30,000
2.Reserves 44,089 47,123 49,329 55,043
3.Unappropriated profit 21,975 15,319 23,179 27,135
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 48,870 115,434 83,809 112,811
1.Current liabilities 45,296 110,573 76,989 104,671
2.Non-current liabilities 3,574 4,861 6,820 8,140
C.Total assets (C1+C2) 144,934 207,876 186,317 224,989
1.Current assets (a + b) 139,880 201,130 180,878 216,965
a.Cash and banks balances 45,180 57,750 48,054 6,888
b.Other current assets 94,700 143,380 132,824 210,077
2.Non-current assets (a + b + c) 5,054 6,746 5,439 8,024
a.Fixed assets 5,041 6,746 5,248 7,535
b.Long-term investments 0 0 0 0
c.Other non-current assets 13 0 191 489
D.Profit & loss account
1.Gross revenue(loss) 56,033 51,205 58,779 78,068
2.Operating expenses 18,709 20,795 22,507 25,521
3.Operating profit 37,324 30,410 36,272 52,547
4.Modaraba co's management fees 2,931 2,712 2,607 0
5.Profit/(loss) before taxation 38,938 31,185 29,982 48,341
6.Profit/(loss) after taxation 24,983 15,167 22,065 28,570
E.Other items
1.No. of certificates (000) 3,000 3,000 3,000 3,000
2.Cash dividend 0.65 0.40 0.63 0.76
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 62,081 9,214 13,745 (40,221)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.00 0.22 0.25
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.00 0.27 0.40
3.Return on assets (ROA) (D6/C) 0.00 0.00 0.12 0.13
4.Return on revenue (D6/D1) 0.00 0.00 0.38 0.37
5.Operating expenses to net income (D2/D6) 0.01 0.01 1.02 0.89
6.Management expenses (D4/D2) 0.00 0.00 0.12 0.00
7.Earning Per Certificate (D6/E1) 8.33 5.06 7.36 9.52
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 3.09 1.82 2.35 2.07
2.Total liabilities to total assets (B/C) (times) 0.34 0.56 0.45 0.50
3.Long term investment to total assets (C2b/C) 0.00 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.00 0.55 0.50
2.Break up value per certificate (A/E1) 32.02 30.81 34.17 37.39
I.Cash flow ratio
1.Cash generated from operating activities to profi 2.49 0.61 0.62 -1.41
2.Cash generated from operating activities to curre 1.37 0.08 0.18 -0.38

First National Bank Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 313,090 319,530 305,305 331,540
1.Certificate capital 250,000 250,000 250,000 250,000
2.Reserves 63,090 24,906 27,061 32,308
3.Unappropriated profit 0 44,624 28,244 49,232
4.Others 0 (13,057) (16,822) 0
B.Total liabilities (B1 + B2) 1,888,405 2,472,502 2,121,959 1,429,718
1.Current liabilities 1,233,699 1,640,342 1,410,556 1,153,656
2.Non-current liabilities 654,706 832,160 711,403 276,062
C.Total assets (C1+C2) 2,201,495 2,778,975 2,410,442 1,761,258
1.Current assets (a + b) 1,238,069 1,599,576 1,450,753 1,024,130
a.Cash and banks balances 6,795 12,265 13,879 5,019
b.Other current assets 1,231,274 1,587,311 1,436,874 1,019,111
2.Non-current assets (a + b + c) 963,426 1,179,399 959,689 737,128
a.Fixed assets 853 1,998 211,516 420,938
b.Long-term investments 959,733 1,176,562 748,173 314,887
c.Other non-current assets 2,840 839 0 1,303
D.Profit & loss account
1.Gross revenue(loss) 222,132 227,964 352,479 370,064
2.Operating expenses 14,119 16,432 66,634 134,157
3.Operating profit 208,013 211,532 285,845 235,907
4.Modaraba co's management fees 4,613 3,529 1,197 0
5.Profit/(loss) before taxation 41,516 31,763 10,775 26,234
6.Profit/(loss) after taxation 41,516 31,763 10,775 26,234
E.Other items
1.No. of certificates (000) 25,000 25,000 25,001 25,000
2.Cash dividend 0.12 0.10 0.00 0.10
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 100,973 398,409 (398,408) 833,512
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.10 0.04 0.08
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.03 0.01 0.04
3.Return on assets (ROA) (D6/C) 0.00 0.01 0.00 0.01
4.Return on revenue (D6/D1) 0.00 0.14 0.03 0.07
5.Operating expenses to net income (D2/D6) 0.00 0.52 6.18 5.11
6.Management expenses (D4/D2) 0.00 0.21 0.02 0.00
7.Earning Per Certificate (D6/E1) 1.66 1.27 0.43 1.05
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 1.00 0.98 1.03 0.89
2.Total liabilities to total assets (B/C) (times) 0.86 0.89 0.88 0.81
3.Long term investment to total assets (C2b/C) 0.00 0.42 0.31 0.18
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.00 0.12 0.13 0.19
2.Break up value per certificate (A/E1) 12.52 12.78 12.21 13.26
I.Cash flow ratio
1.Cash generated from operating activities to profi 2.43 12.54 -36.98 31.77
2.Cash generated from operating activities to curre 0.08 0.24 -0.28 0.72

First Pak Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 97,552 96,920 59,416 66,313
1.Certificate capital 125,400 125,400 125,400 125,400
2.Reserves 16,521 15,710 15,466 18,225
3.Unappropriated profit (44,369) (44,190) (81,450) (77,312)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 5,650 5,240 4,784 5,373
1.Current liabilities 4,836 3,932 4,175 4,939
2.Non-current liabilities 814 1,308 609 434
C.Total assets (C1+C2) 103,202 102,160 64,200 71,686
1.Current assets (a + b) 98,369 96,590 60,771 69,968
a.Cash and banks balances 52,956 44,470 1,532 37,759
b.Other current assets 45,413 52,120 59,239 32,209
2.Non-current assets (a + b + c) 4,833 5,570 3,429 1,718
a.Fixed assets 212 80 124 1,475
b.Long-term investments 4,401 0 0 0
c.Other non-current assets 220 5,490 3,305 243
D.Profit & loss account
1.Gross revenue(loss) 11,254 14,282 3,574 9,328
2.Operating expenses 4,796 3,319 3,579 4,646
3.Operating profit 6,458 10,963 (5) 4,682
4.Modaraba co's management fees 719 490 0 (766)
5.Profit/(loss) before taxation 6,469 6,121 33,498 6,396
6.Profit/(loss) after taxation 6,469 5,631 33,498 6,897
E.Other items
1.No. of certificates (000) 12,540 12,540 12,540 12,540
2.Cash dividend 0.03 0.03 0.00 0.03
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 4,217 (6,315) (45,608) 19,167
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.06 0.56 0.10
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.06 0.56 0.10
3.Return on assets (ROA) (D6/C) 0.00 0.06 0.52 0.10
4.Return on revenue (D6/D1) 0.01 0.39 9.37 0.74
5.Operating expenses to net income (D2/D6) 0.01 0.59 0.11 0.67
6.Management expenses (D4/D2) 0.00 0.15 0.00 -0.16
7.Earning Per Certificate (D6/E1) 0.52 0.45 2.67 0.55
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 20.34 24.57 14.56 14.17
2.Total liabilities to total assets (B/C) (times) 0.06 0.05 0.07 0.07
3.Long term investment to total assets (C2b/C) 0.00 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.95 0.93 0.93
2.Break up value per certificate (A/E1) 7.78 7.73 4.74 5.29
I.Cash flow ratio
1.Cash generated from operating activities to profi 0.65 -1.12 -1.36 2.78
2.Cash generated from operating activities to curre 0.87 -1.61 -10.92 3.88

First Paramount Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 103,047 108,957 118,845 126,764
1.Certificate capital 58,633 58,633 58,633 58,633
2.Reserves 37,521 41,229 50,277 56,127
3.Unappropriated profit 6,893 9,095 9,935 12,004
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 62,145 96,827 108,391 121,778
1.Current liabilities 45,490 78,899 92,633 103,623
2.Non-current liabilities 16,655 17,928 15,758 18,155
C.Total assets (C1+C2) 165,192 205,784 227,236 248,542
1.Current assets (a + b) 79,873 107,105 141,753 184,095
a.Cash and banks balances 10,504 37,777 17,113 30,310
b.Other current assets 69,369 69,328 124,640 153,785
2.Non-current assets (a + b + c) 85,319 98,679 85,483 64,447
a.Fixed assets 53,122 53,830 59,510 29,104
b.Long-term investments 3,126 3,577 22,847 35,340
c.Other non-current assets 29,071 41,272 3,126 3
D.Profit & loss account
1.Gross revenue(loss) 17,461 28,339 39,194 28,356
2.Operating expenses 5,184 6,936 6,679 14,476
3.Operating profit 12,277 21,403 32,515 13,880
4.Modaraba co's management fees 934 1,373 2,011 0
5.Profit/(loss) before taxation 8,408 12,359 18,098 16,713
6.Profit/(loss) after taxation 8,394 12,359 18,098 16,713
E.Other items
1.No. of certificates (000) 5,863 5,863 5,863 5,863
2.Cash dividend 0.11 0.14 0.15 0.18
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 14,646 33,147 25,305 19,587
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.11 0.15 0.13
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.10 0.13 0.12
3.Return on assets (ROA) (D6/C) 0.00 0.06 0.08 0.07
4.Return on revenue (D6/D1) 0.00 0.44 0.46 0.59
5.Operating expenses to net income (D2/D6) 0.01 0.56 0.37 0.87
6.Management expenses (D4/D2) 0.00 0.20 0.30 0.00
7.Earning Per Certificate (D6/E1) 1.43 2.11 3.09 2.85
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 1.76 1.36 1.53 1.78
2.Total liabilities to total assets (B/C) (times) 0.38 0.47 0.48 0.49
3.Long term investment to total assets (C2b/C) 0.00 0.02 0.10 0.14
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.53 0.52 0.51
2.Break up value per certificate (A/E1) 17.58 18.58 20.27 21.62
I.Cash flow ratio
1.Cash generated from operating activities to profi 1.75 2.68 1.40 1.17
2.Cash generated from operating activities to curre 0.32 0.42 0.27 0.19

First Prudential Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 586,655 601,944 601,944 505,488
1.Certificate capital 872,177 872,177 872,177 872,177
2.Reserves 99,077 113,586 113,586 120,245
3.Unappropriated profit (384,599) (383,819) (383,819) (486,934)
4.Others (1,311) 0 0 0
B.Total liabilities (B1 + B2) 136,092 151,660 151,660 64,478
1.Current liabilities 49,750 90,195 90,195 45,412
2.Non-current liabilities 86,342 61,465 61,465 19,066
C.Total assets (C1+C2) 721,436 753,604 753,604 569,966
1.Current assets (a + b) 403,681 498,192 498,192 430,375
a.Cash and banks balances 191,801 161,758 161,758 288,557
b.Other current assets 211,880 336,434 336,434 141,818
2.Non-current assets (a + b + c) 317,755 255,412 255,412 139,591
a.Fixed assets 3,265 1,877 1,877 85,179
b.Long-term investments 22,965 6,809 6,809 7,277
c.Other non-current assets 291,525 246,726 246,726 47,135
D.Profit & loss account
1.Gross revenue(loss) 130,838 148,549 148,549 87,636
2.Operating expenses 19,657 17,934 17,934 52,994
3.Operating profit 111,181 130,615 130,615 34,642
4.Modaraba co's management fees 6,043 4,653 4,653 0
5.Profit/(loss) before taxation 55,519 41,788 41,788 32,835
6.Profit/(loss) after taxation 54,391 41,455 41,455 33,293
E.Other items
1.No. of certificates (000) 87,218 87,218 87,218 87,218
2.Cash dividend 0.03 0.03 0.00 0.03
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 112,019 (17,336) (17,336) 90,373
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.07 0.07 0.07
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.06 0.06 0.06
3.Return on assets (ROA) (D6/C) 0.00 0.06 0.06 0.06
4.Return on revenue (D6/D1) 0.00 0.28 0.28 0.38
5.Operating expenses to net income (D2/D6) 0.00 0.43 0.43 1.59
6.Management expenses (D4/D2) 0.00 0.26 0.26 0.00
7.Earning Per Certificate (D6/E1) 0.62 0.48 0.48 0.38
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 8.11 5.52 5.52 9.48
2.Total liabilities to total assets (B/C) (times) 0.19 0.20 0.20 0.11
3.Long term investment to total assets (C2b/C) 0.00 0.01 0.01 0.01
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.80 0.80 0.89
2.Break up value per certificate (A/E1) 6.73 6.90 6.90 5.80
I.Cash flow ratio
1.Cash generated from operating activities to profi 2.06 -0.42 -0.42 2.71
2.Cash generated from operating activities to curre 2.25 -0.19 -0.19 1.99

First Punjab Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 463,978 443,635 362,998 370,029
1.Certificate capital 340,200 340,200 340,200 340,200
2.Reserves 105,578 110,684 110,683 114,199
3.Unappropriated profit 18,200 (7,249) (87,885) (84,370)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 1,334,171 3,150,969 2,683,043 2,295,069
1.Current liabilities 1,199,072 2,021,160 1,350,630 1,188,896
2.Non-current liabilities 135,099 1,129,809 1,332,413 1,106,173
C.Total assets (C1+C2) 1,798,149 3,594,604 3,046,041 2,665,098
1.Current assets (a + b) 999,847 1,724,383 1,318,999 1,143,033
a.Cash and banks balances 48,222 38,611 26,434 42,247
b.Other current assets 951,625 1,685,772 1,292,565 1,100,786
2.Non-current assets (a + b + c) 798,302 1,870,221 1,727,042 1,522,065
a.Fixed assets 792,315 1,802,881 1,633,185 1,447,816
b.Long-term investments 0 10,785 38,032 19,553
c.Other non-current assets 5,987 56,555 55,825 54,696
D.Profit & loss account
1.Gross revenue(loss) 435,314 715,988 1,127,458 990,266
2.Operating expenses 10,270 18,172 24,129 26,650
3.Operating profit 425,044 697,816 1,103,329 963,616
4.Modaraba co's management fees 2,912 1,891 0 0
5.Profit/(loss) before taxation 26,211 17,019 90,829 7,031
6.Profit/(loss) after taxation 26,211 17,019 90,829 7,031
E.Other items
1.No. of certificates (000) 34,020 34,020 34,020 34,020
2.Cash dividend 0.06 3.02% 0.00 0.01
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 58,013 (1,473,786) 488,814 317,145
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.04 0.25 0.02
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.01 0.05 0.00
3.Return on assets (ROA) (D6/C) 0.00 0.00 0.03 0.00
4.Return on revenue (D6/D1) 0.00 0.02 0.08 0.01
5.Operating expenses to net income (D2/D6) 0.00 1.07 0.27 3.79
6.Management expenses (D4/D2) 0.00 0.10 0.00 0.00
7.Earning Per Certificate (D6/E1) 0.77 0.50 2.67 0.21
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 0.83 0.85 0.98 0.96
2.Total liabilities to total assets (B/C) (times) 0.74 0.88 0.88 0.86
3.Long term investment to total assets (C2b/C) 0.00 0.00 0.01 0.01
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.00 0.12 0.12 0.14
2.Break up value per certificate (A/E1) 13.64 13.04 10.67 10.88
I.Cash flow ratio
1.Cash generated from operating activities to profi 2.21 -86.60 5.38 45.11
2.Cash generated from operating activities to curre 0.05 -0.73 0.36 0.27

First Treet Manufacturing Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) - 111,649 428,285 476,801
1.Certificate capital - 142,857 500,000 500,000
2.Reserves - 0 0 24,258
3.Unappropriated profit - (31,208) (71,715) (47,457)
4.Others - 0 0 0
B.Total liabilities (B1 + B2) - 423,589 327,498 471,211
1.Current liabilities - 39,754 327,498 264,521
2.Non-current liabilities - 383,835 0 206,690
C.Total assets (C1+C2) - 535,238 755,783 948,012
1.Current assets (a + b) - 378,932 525,747 609,334
a.Cash and banks balances - 16,539 64,775 38,627
b.Other current assets - 362,393 460,972 570,707
2.Non-current assets (a + b + c) - 156,306 230,036 338,678
a.Fixed assets - 156,266 229,996 323,704
b.Long-term investments - 0 40 14,974
c.Other non-current assets - 40 0 0
D.Profit & loss account
1.Gross revenue(loss) - 489,112 965,983 119,001
2.Operating expenses - 19,877 28,623 44,722
3.Operating profit - 1 937,360 74,279
4.Modaraba co's management fees - 0 0 0
5.Profit/(loss) before taxation - (15,618) (40,507) 48,516
6.Profit/(loss) after taxation - (15,618) (40,507) 48,516
E.Other items
1.No. of certificates (000) - 14,286 50,000 50,000
2.Cash dividend - 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00 0.00
4.Cash generated from operating activities - (242,943) (139,423) (21,958)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) - -0.14 -0.09 0.10
2.Return on capital employed (ROCE) (D5/(C-B1) - -0.03 -0.09 0.07
3.Return on assets (ROA) (D6/C) - -0.03 -0.05 0.05
4.Return on revenue (D6/D1) - -0.03 -0.04 0.41
5.Operating expenses to net income (D2/D6) - -1.27 -0.71 0.92
6.Management expenses (D4/D2) - 0.00 0.00 0.00
7.Earning Per Certificate (D6/E1) - -1.09 -0.81 0.97
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim - 9.53 1.61 2.30
2.Total liabilities to total assets (B/C) (times) - 0.79 0.43 0.50
3.Long term investment to total assets (C2b/C) - 0.00 0.00 0.02
H.Capital /leverage ratios
1.Capital ratio (A/C) - 0.21 0.57 0.50
2.Break up value per certificate (A/E1) - 7.82 8.57 9.54
I.Cash flow ratio
1.Cash generated from operating activities to profi - 15.56 3.44 -0.45
2.Cash generated from operating activities to curre - -6.11 -0.43 -0.08

First Tri-Star Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 199,353 199,858 211,121 208,545
1.Certificate capital 211,631 211,631 211,631 211,631
2.Reserves 26,075 26,176 28,451 30,053
3.Unappropriated profit (38,353) (37,949) (28,961) (33,139)
4.Others (12,773) (11,890) (17,269) (18,267)
B.Total liabilities (B1 + B2) 6,124 37,633 22,480 70,768
1.Current liabilities 6,124 37,633 22,480 70,768
2.Non-current liabilities 0 0 0 0
C.Total assets (C1+C2) 192,704 225,601 216,332 261,046
1.Current assets (a + b) 88,098 132,947 128,853 177,207
a.Cash and banks balances 341 269 113 1,686
b.Other current assets 87,757 132,678 128,740 175,521
2.Non-current assets (a + b + c) 104,606 92,654 87,479 83,839
a.Fixed assets 348 8,909 274 244
b.Long-term investments 90,766 83,720 80,426 79,183
c.Other non-current assets 13,492 25 6,779 4,412
D.Profit & loss account
1.Gross revenue(loss) 9,059 3,847 16,303 12,486
2.Operating expenses 3,469 3,342 3,772 3,678
3.Operating profit 5,590 505 12,531 8,808
4.Modaraba co's management fees 500 0 1,265 801
5.Profit/(loss) before taxation 5,089 504 11,263 8,006
6.Profit/(loss) after taxation 5,089 504 11,263 8,006
E.Other items
1.No. of certificates (000) 21,163 21,163 21,163 2,163
2.Cash dividend 0.00 0.00 0.05 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (3,586) (7,003) 473 (7,715)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.00 0.05 0.04
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.00 0.06 0.04
3.Return on assets (ROA) (D6/C) 0.00 0.00 0.05 0.03
4.Return on revenue (D6/D1) 0.01 0.13 0.69 0.64
5.Operating expenses to net income (D2/D6) 0.01 6.63 0.33 0.46
6.Management expenses (D4/D2) 0.00 0.00 0.34 0.22
7.Earning Per Certificate (D6/E1) 0.24 0.02 0.53 3.70
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 14.39 3.53 5.73 2.50
2.Total liabilities to total assets (B/C) (times) 0.03 0.17 0.10 0.27
3.Long term investment to total assets (C2b/C) 0.00 0.37 0.37 0.30
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.89 0.98 0.80
2.Break up value per certificate (A/E1) 9.42 9.44 9.98 96.41
I.Cash flow ratio
1.Cash generated from operating activities to profi -0.71 -13.89 0.04 -0.96
2.Cash generated from operating activities to curre -0.59 -0.19 0.02 -0.11

First UDL Modaraba

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 404,130 439,590 450,296 474,679
1.Certificate capital 263,866 263,866 263,866 263,866
2.Reserves 97,608 127,761 146,307 161,538
3.Unappropriated profit 42,656 47,963 40,123 49,275
4.Others 19,131 (1,436) 25 485
B.Total liabilities (B1 + B2) 137,415 150,044 163,626 165,131
1.Current liabilities 23,853 30,400 38,470 41,164
2.Non-current liabilities 113,562 119,644 125,156 123,967
C.Total assets (C1+C2) 560,676 588,198 613,947 640,295
1.Current assets (a + b) 447,722 443,867 433,941 456,807
a.Cash and banks balances 220,363 226,524 59,740 61,338
b.Other current assets 227,359 217,343 374,201 395,469
2.Non-current assets (a + b + c) 112,954 144,331 180,006 183,488
a.Fixed assets 50,321 88,293 107,290 96,218
b.Long-term investments 62,559 55,964 72,642 87,196
c.Other non-current assets 74 74 74 74
D.Profit & loss account
1.Gross revenue(loss) 72,793 69,083 90,164 105,954
2.Operating expenses 9,993 11,114 13,804 15,442
3.Operating profit 62,800 57,969 76,360 90,512
4.Modaraba co's management fees 5,691 6,233 4,121 0
5.Profit/(loss) before taxation 51,216 56,093 37,093 50,768
6.Profit/(loss) after taxation 51,216 56,093 37,093 50,768
E.Other items
1.No. of certificates (000) 26,387 26,386 26,386 26,386
2.Cash dividend 0.10 0.10 0.10 0.13
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 53,415 67,326 (85,684) 73,919
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.13 0.08 0.11
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.10 0.06 0.08
3.Return on assets (ROA) (D6/C) 0.00 0.10 0.06 0.08
4.Return on revenue (D6/D1) 0.01 0.81 0.41 0.48
5.Operating expenses to net income (D2/D6) 0.00 0.20 0.37 0.30
6.Management expenses (D4/D2) 0.01 0.56 0.30 0.00
7.Earning Per Certificate (D6/E1) 1.94 2.13 1.41 1.92
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 18.77 14.60 11.28 11.10
2.Total liabilities to total assets (B/C) (times) 0.25 0.26 0.27 0.26
3.Long term investment to total assets (C2b/C) 0.00 0.10 0.12 0.14
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.75 0.73 0.74
2.Break up value per certificate (A/E1) 15.32 16.66 17.07 17.99
I.Cash flow ratio
1.Cash generated from operating activities to profi 1.04 1.20 -2.31 1.46
2.Cash generated from operating activities to curre 2.24 2.21 -2.23 1.80

Habib Bank Modaraba (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 663,466 620,804 621,226 647,617
1.Certificate capital 397,072 397,072 397,072 397,072
2.Reserves 266,394 223,732 224,154 250,545
3.Unappropriated profit 0 0 0 0
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 545,629 528,289 205,939 116,413
1.Current liablities 343,016 347,426 120,604 48,682
2.Non-current liabilities 202,613 180,863 85,335 67,731
C.Total assets (C1+C2) 1,209,095 1,149,093 827,165 764,030
1.Current assets (a + b) 193,927 92,060 69,097 168,824
a.Cash and banks balances 18,385 9,514 4,073 25,003
b.Other current assets 175,542 82,546 65,024 143,821
2.Non-current assets (a + b + c) 1,015,168 1,057,033 758,068 595,206
a.Fixed assets 1,347 1,048,156 757,915 543,875
b.Long-term investments 40,370 8,125 0 51,179
c.Other non-current assets 973,451 752 153 152
D.Profit & loss account
1.Gross revenue(loss) 568,972 494,439 497,327 405,588
2.Operating expenses 8,936 9,137 9,522 10,233
3.Operating profit 560,036 485,302 487,805 395,355
4.Modaraba co's management fees 5,820 2,334 2,198 0
5.Profit/(loss) before taxation 52,377 21,012 19,779 44,976
6.Profit/(loss) after taxation 52,377 21,012 19,779 44,976
E.Other items
1.No. of certificates 39,707 39,707 39,707 39,707
2.Cash dividend 0.13 0.05 0.05 0.11
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 58,259 41,654 334,985 287,475
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.08% 3.38% 3.18% 6.94%
2.Return on capital employed (ROCE) (D5/(C-B1) 0.06% 2.62% 0.03 6.29%
3.Return on assets (ROA) (D6/C) 0.04% 1.83% 2.39% 5.89%
4.Return on revenue (D6/D1) 0.09% 4.25% 3.98% 11.09%
5.Operating expenses to net income (D2/D6) 0.17% 43.48% 48.14% 22.75%
6.Management expenses (D4/D2) 0.65% 25.54% 23.08% 0.00
7.Earning Per Certificate (D6/E1) 1.32 0.53 0.50 1.13
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (ti 0.57 0.26 0.57 3.47
2.Total liabilities to total assets (B/C) (times) 0.45 0.46 0.25 0.15
3.Long term investment to total assets (C2b/C) 0.03% 0.71% 0.00 0.07
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.55% 54.03% 0.75 84.76%
2.Break up value per certificate (A/E1) 16.71 15.63 15.65 16.31
I.Cash flow ratio
1.Cash generated from operating activities to profi 1.11 1.98 16.94 6.39
2.Cash generated from operating activities to curre 0.17 0.12 2.78 5.91

IBL Modaraba
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 164,437 171,959 239,066 247,982
1.Certificate capital 116,875 116,875 201,875 201,875
2.Reserves 35,409 48,348 31,892 39,142
3.Unappropriated profit 12,153 6,736 5,299 6,965
4.Others 0 85,000 0 0
B.Total liabilities (B1 + B2) 42,819 17,568 130,802 131,900
1.Current liabilities 42,458 3,695 126,999 127,681
2.Non-current liabilities 361 13,873 3,803 4,219
C.Total assets (C1+C2) 207,256 274,527 369,868 379,882
1.Current assets (a + b) 193,396 215,711 307,893 338,249
a.Cash and banks balances 18,683 21,956 1,144 1,058
b.Other current assets 174,713 193,755 306,749 337,191
2.Non-current assets (a + b + c) 13,860 58,816 61,975 41,633
a.Fixed assets 993 27,405 22,935 4,248
b.Long-term investments 12,842 0 7,809 0
c.Other non-current assets 25 31,411 31,231 37,385
D.Profit & loss account
1.Gross revenue(loss) 17,168 25,619 34,037 60,205
2.Operating expenses 5,068 13,680 13,474 40,739
3.Operating profit 12,100 11,939 20,563 19,466
4.Modaraba co's management fees 905 546 183 0
5.Profit/(loss) before taxation 8,144 4,916 1,644 2,082
6.Profit/(loss) after taxation 8,144 4,916 1,644 2,082
E.Other items
1.No. of certificates (000) 11,687 11,687 20,188 20,188
2.Cash dividend 0.08 0.05 0.03 0.03
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (83,692) (25,767) 9,496 3,804
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.03 0.01 0.01
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.02 0.01 0.01
3.Return on assets (ROA) (D6/C) 0.00 0.02 0.00 0.01
4.Return on revenue (D6/D1) 0.00 0.19 0.05 0.03
5.Operating expenses to net income (D2/D6) 0.01 2.78 8.20 19.57
6.Management expenses (D4/D2) 0.00 0.04 0.01 0.00
7.Earning Per Certificate (D6/E1) 0.70 0.42 0.08 0.10
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 4.56 58.38 2.42 2.65
2.Total liabilities to total assets (B/C) (times) 0.21 0.06 0.35 0.35
3.Long term investment to total assets (C2b/C) 0.00 0.00 0.02 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.63 0.65 0.65
2.Break up value per certificate (A/E1) 14.07 14.71 11.84 12.28
I.Cash flow ratio
1.Cash generated from operating activities to profi -10.28 -5.24 5.78 1.83
2.Cash generated from operating activities to curre -1.97 -6.97 0.07 0.03
KASB Modaraba
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 52,872 42,716 258,322 275,418
1.Certificate capital 83,160 83,160 282,744 282,744
2.Reserves 8,733 8,734 11,938 20,486
3.Unappropriated profit (39,021) (49,178) (36,360) (27,812)
4.Others 0 19,958 0 (665)
B.Total liabilities (B1 + B2) 1,892 169,833 185,191 678,915
1.Current liabilities 1,398 80,309 159,906 665,904
2.Non-current liabilities 494 89,524 25,285 13,011
C.Total assets (C1+C2) 54,764 232,507 443,513 953,668
1.Current assets (a + b) 53,111 125,038 302,421 762,537
a.Cash and banks balances 42,795 33,845 128,714 59,225
b.Other current assets 10,316 91,193 173,707 703,312
2.Non-current assets (a + b + c) 1,653 107,469 141,092 191,131
a.Fixed assets 556 1,803 7,643 8,089
b.Long-term investments 0 0 17,020 19,342
c.Other non-current assets 1,097 105,666 116,429 163,700
D.Profit & loss account
1.Gross revenue(loss) 5,329 10,700 41,990 87,645
2.Operating expenses 2,220 14,516 18,118 24,895
3.Operating profit 3,109 (3,816) 23,872 62,690
4.Modaraba co's management fees 227 0 1,780 0
5.Profit/(loss) before taxation 2,047 7,428 16,023 17,096
6.Profit/(loss) after taxation 2,227 8,078 16,023 17,096
E.Other items
1.No. of certificates (000) 8,316 8,316 28,274 28,274
2.Cash dividend 0.03 0.00 0.00 0.03
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 11,264 (174,184) (4,931) (529,121)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.19 0.06 0.06
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.05 0.06 0.06
3.Return on assets (ROA) (D6/C) 0.00 0.03 0.04 0.02
4.Return on revenue (D6/D1) 0.00 0.76 0.38 0.20
5.Operating expenses to net income (D2/D6) 0.01 1.80 1.13 1.46
6.Management expenses (D4/D2) 0.00 0.00 0.10 0.00
7.Earning Per Certificate (D6/E1) 0.27 0.97 0.57 0.60
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 37.99 1.56 1.89 1.15
2.Total liabilities to total assets (B/C) (times) 0.04 0.73 0.42 0.71
3.Long term investment to total assets (C2b/C) 0.00 0.00 0.04 0.02
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.18 0.58 0.29
2.Break up value per certificate (A/E1) 6.36 5.14 9.14 9.74
I.Cash flow ratio
1.Cash generated from operating activities to profi 5.06 -21.56 -0.31 -30.95
2.Cash generated from operating activities to curre 8.06 -2.17 -0.03 -0.79

Modaraba Al-Mali
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 232,220 238,341 211,447 199,045
1.Certificate capital 184,240 184,240 184,240 184,240
2.Reserves 54,229 55,453 55,453 55,964
3.Unappropriated profit (6,249) (1,352) (28,246) (41,159)
4.Others 547 1,039 512 0
B.Total liabilities (B1 + B2) 78,096 69,776 50,926 49,813
1.Current liabilities 41,870 48,266 36,622 39,349
2.Non-current liabilities 36,226 21,510 14,304 10,464
C.Total assets (C1+C2) 310,863 309,156 262,885 248,858
1.Current assets (a + b) 182,599 145,410 63,408 78,431
a.Cash and banks balances 45,038 72,278 10,490 1,115
b.Other current assets 137,561 73,132 52,918 77,316
2.Non-current assets (a + b + c) 128,264 163,746 199,477 170,427
a.Fixed assets 73,794 125,644 124,211 131,245
b.Long-term investments 17,520 27,545 33,104 22,270
c.Other non-current assets 36,950 10,557 42,162 16,912
D.Profit & loss account
1.Gross revenue(loss) 57,841 36,620 30,258 61,498
2.Operating expenses 41,265 38,800 39,655 68,743
3.Operating profit 16,576 (2,180) (9,397) (7,245)
4.Modaraba co's management fees 0 0 0 0
5.Profit/(loss) before taxation (11,727) 6,120 (22,287) (12,913)
6.Profit/(loss) after taxation (11,727) 6,120 (22,287) (12,913)
E.Other items
1.No. of certificates (000) 18,424 18,424 18,242 18,242
2.Cash dividend 0.00 0.03 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 62,379 98,787 (45,403) 12,776
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.03 -0.11 -0.06
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.02 -0.10 -0.06
3.Return on assets (ROA) (D6/C) 0.00 0.02 -0.08 -0.05
4.Return on revenue (D6/D1) 0.00 0.17 -0.74 -0.21
5.Operating expenses to net income (D2/D6) -0.04 6.34 -1.78 -5.32
6.Management expenses (D4/D2) 0.00 0.00 0.00 0.00
7.Earning Per Certificate (D6/E1) -0.64 0.33 -1.22 -0.71
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 4.36 3.01 1.73 1.99
2.Total liabilities to total assets (B/C) (times) 0.25 0.23 0.19 0.20
3.Long term investment to total assets (C2b/C) 0.00 0.09 0.13 0.09
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.77 0.80 0.80
2.Break up value per certificate (A/E1) 12.60 12.94 11.59 10.91
I.Cash flow ratio
1.Cash generated from operating activities to profi -5.32 16.14 2.04 -0.99
2.Cash generated from operating activities to curre 1.49 2.05 -1.24 0.32

Orix Modaraba (Formerly Standard Chartered Modaraba upto 2015)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 859,867 892,332 923,617 928,614
1.Certificate capital 432,224 453,835 453,835 453,835
2.Reserves 353,685 351,533 372,313 388,289
3.Unappropriated profit 73,958 86,964 97,469 86,490
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 1,700,892 2,183,668 2,513,566 2,676,451
1.Current liabilities 1,267,526 1,782,628 2,052,797 2,317,417
2.Non-current liabilities 433,366 401,040 460,769 359,034
C.Total assets (C1+C2) 2,560,759 3,076,000 3,437,183 3,605,065
1.Current assets (a + b) 1,043,836 1,253,455 1,022,736 1,131,602
a.Cash and banks balances 14,744 16,420 42,742 77,804
b.Other current assets 1,029,092 1,237,035 979,994 1,053,798
2.Non-current assets (a + b + c) 1,516,923 1,822,545 2,414,447 2,473,463
a.Fixed assets 4,341 4,036 3,650 1,953,662
b.Long-term investments 1,512,502 1,818,509 2,410,797 519,601
c.Other non-current assets 80 0 0 200
D.Profit & loss account
1.Gross revenue(loss) 252,738 273,008 513,324 850,201
2.Operating expenses 38,570 42,873 41,354 46,744
3.Operating profit 214,168 230,135 471,970 802,980
4.Modaraba co's management fees 9,133 10,811 11,544 0
5.Profit/(loss) before taxation 82,196 97,299 103,899 79,880
6.Profit/(loss) after taxation 82,196 97,299 103,899 79,880
E.Other items
1.No. of certificates (000) 43,222 45,383 45,383 45,383
2.Cash dividend 0.15 0.16 0.17 0.17
3.Stock dividend/bonus shares 0.05 0.00 0.00 0.00
4.Cash generated from operating activities 84,100 (296,283) (84,021) 251,783
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 0.11 0.11 0.09
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 0.08 0.08 0.06
3.Return on assets (ROA) (D6/C) 0.00 0.03 0.03 0.02
4.Return on revenue (D6/D1) 0.00 0.36 0.20 0.09
5.Operating expenses to net income (D2/D6) 0.00 0.44 0.40 0.59
6.Management expenses (D4/D2) 0.00 0.25 0.28 0.00
7.Earning Per Certificate (D6/E1) 1.90 2.14 2.29 1.76
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 0.82 0.70 0.50 0.49
2.Total liabilities to total assets (B/C) (times) 0.66 0.71 0.73 0.74
3.Long term investment to total assets (C2b/C) 0.01 0.59 0.70 0.14
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.00 0.29 0.27 0.26
2.Break up value per certificate (A/E1) 19.89 19.66 20.35 20.46
I.Cash flow ratio
1.Cash generated from operating activities to profi 1.02 -3.05 -0.81 3.15
2.Cash generated from operating activities to curre 0.07 -0.17 -0.04 0.11

Popular Islamic Modaraba

Items Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)

Sindh Modaraba
Items Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
1.No. of certificates (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)

Trust Modaraba
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 254,685 243,563 257,029 279,582
1.Certificate capital 273,000 273,000 298,000 298,000
2.Reserves (18,315) (29,437) (40,971) 49,852
3.Unappropriated profit 0 0 0 (68,270)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 65,021 28,005 43,023 91,552
1.Current liabilities 62,328 25,943 15,551 33,605
2.Non-current liabilities 2,693 2,062 27,472 57,947
C.Total assets (C1+C2) 319,706 271,568 300,052 371,134
1.Current assets (a + b) 235,880 203,502 189,713 185,059
a.Cash and banks balances 1,009 3,205 8,161 8,314
b.Other current assets 234,871 200,297 181,552 176,745
2.Non-current assets (a + b + c) 83,826 68,066 110,339 186,075
a.Fixed assets 53,289 45,830 89,797 163,188
b.Long-term investments 30,199 21,953 20,328 11,359
c.Other non-current assets 338 283 214 11,528
D.Profit & loss account
1.Gross revenue(loss) 27,762 18,674 47,498 59,305
2.Operating expenses 12,305 15,757 14,088 8,950
3.Operating profit 15,457 2,917 33,410 50,355
4.Modaraba co's management fees 0 0 0 0
5.Profit/(loss) before taxation (61,938) (1,933) 33,087 20,451
6.Profit/(loss) after taxation (64,925) (1,671) 33,087 23,397
E.Other items
1.No. of certificates (000) 27,300 27,300 29,800 29,800
2.Cash dividend 0.00 0.00 0.00 0.05
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 7,445 44,262 56,419 94,764
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.00 -0.01 0.13 0.08
2.Return on capital employed (ROCE) (D5/(C-B1) 0.00 -0.01 0.12 0.06
3.Return on assets (ROA) (D6/C) 0.00 -0.01 0.11 0.06
4.Return on revenue (D6/D1) -0.02 -0.09 0.70 0.39
5.Operating expenses to net income (D2/D6) 0.00 -9.43 0.43 0.38
6.Management expenses (D4/D2) 0.00 0.00 0.00 0.00
7.Earning Per Certificate (D6/E1) -2.38 -0.06 1.11 0.79
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (tim 3.78 7.84 12.20 5.51
2.Total liabilities to total assets (B/C) (times) 0.20 0.10 0.14 0.25
3.Long term investment to total assets (C2b/C) 0.00 0.08 0.07 0.03
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.90 0.86 0.75
2.Break up value per certificate (A/E1) 9.33 8.92 8.63 9.38
I.Cash flow ratio
1.Cash generated from operating activities to profi -0.12 -26.49 1.71 4.05
2.Cash generated from operating activities to curre 0.12 1.71 3.63 2.82

Unicap Modaraba (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 1,168 1,953 1,953 184
1.Certificate capital 136,400 136,400 136,400 136,400
2.Reserves 8,582 8,739 8,739 8,739
3.Unappropriated profit (143,814) (143,186) (143,186) (144,955)
4.Others 0 0 0 0
B.Total liabilities (B1 + B2) 3,746 3,622 3,622 3,333
1.Current liablities 3,746 3,622 3,622 3,333
2.Non-current liabilities 0 0 0 0
C.Total assets (C1+C2) 4,914 5,575 5,575 3,517
1.Current assets (a + b) 113 731 731 947
a.Cash and banks balances 14 647 647 763
b.Other current assets 99 84 84 184
2.Non-current assets (a + b + c) 4,801 4,844 4,844 2,570
a.Fixed assets 0 0 0 0
b.Long-term investments 4,801 4,844 4,844 2,570
c.Other non-current assets 0 0 0 0
D.Profit & loss account
1.Gross revenue(loss) 436 397 397 456
2.Operating expenses 270 265 265 539
3.Operating profit 166 132 132 (83)
4.Modaraba co's management fees 0 0 0 0
5.Profit/(loss) before taxation 424 784 784 (83)
6.Profit/(loss) after taxation 424 784 784 (457)
E.Other items
1.No. of certificates 13,640 13,640 13,640 13,640
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (15) 633 633 657
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A) 0.36% 40.14% 40.14% -248.37%
2.Return on capital employed (ROCE) (D5/(C-B1) 0.36% 40.14% 40.14% -45.11%
3.Return on assets (ROA) (D6/C) 0.09% 14.06% 14.06% -12.99%
4.Return on revenue (D6/D1) 0.97% 197.48% 197.48% -100.22%
5.Operating expenses to net income (D2/D6) 0.64% 0.34 0.34 -117.94%
6.Management expenses (D4/D2) 0.00 0.00 0.00 0.00
7.Earning Per Certificate (D6/E1) 0.03 0.06 0.06 -0.03
G.Liquidity Ratios
1.Current asssets to current liabilities (C1/B1) (ti 0.03 0.20 0.20 0.28
2.Total liabilities to total assets (B/C) (times) 0.76 0.65 0.65 0.95
3.Long term investment to total assets (C2b/C) 0.98% 86.89% 86.89% 73.07%
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.24% 35.03% 35.03% 5.23%
2.Break up value per certificate (A/E1) 0.09 0.14 0.14 0.01
I.Cash flow ratio
1.Cash generated from operating activities to profi -0.04 0.81 0.81 -1.44
2.Cash generated from operating activities to curre 0.00 0.17 0.17 0.20
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
12,306,106 12,770,878 13,750,933 14,308,329 15,686,997 19,189,840 19,899,700 19,877,693
8,746,249 8,896,249 9,642,839 9,617,956 10,645,680 12,422,724 12,286,325 12,629,485
4,751,287 5,143,449 5,191,334 5,790,671 6,094,913 8,524,183 8,842,116 9,184,302
(1,191,430) (1,268,820) (1,083,240) (1,100,298) (1,053,596) (1,757,067) (1,228,741) (1,936,094)
113,520 642,613 330,761 661,189 927,654 1,450,667 2,134,417 2,155,422
13,939,984 16,114,158 17,690,506 15,791,207 14,990,893 16,412,805 22,212,086 29,197,491
10,295,595 12,592,498 13,521,216 9,445,239 9,272,542 11,285,886 16,434,305 23,211,492
3,644,389 3,521,660 4,169,290 6,345,968 5,718,351 5,126,919 5,777,781 5,985,999
26,359,610 29,527,649 31,772,200 30,760,725 31,605,545 37,053,311 44,246,203 51,230,606
11,479,593 11,794,340 11,384,493 10,907,269 11,619,848 11,747,764 13,858,630 17,827,612
1,177,701 1,447,510 2,401,376 1,925,675 2,541,897 2,540,492 2,320,347 2,876,304
10,301,892 10,346,830 8,983,117 8,981,594 9,077,951 9,207,272 11,538,283 14,951,308
14,880,017 17,733,309 20,387,707 19,853,456 19,985,697 25,305,547 30,387,573 33,402,994
11,369,024 13,066,191 15,493,578 15,348,488 15,170,986 19,110,963 22,787,046 24,115,619
2,270,505 3,349,497 3,794,939 3,581,736 4,151,469 5,335,080 6,485,463 8,232,415
1,240,488 1,317,621 1,099,190 923,232 663,242 859,504 1,115,064 1,054,960

5,938,195 6,832,210 7,531,123 8,507,291 8,483,525 7,983,600 8,825,275 9,127,868

1,317,325 1,708,412 2,122,549 2,452,217 2,913,318 3,145,004 3,482,870 4,254,634
4,620,870 5,123,798 5,408,574 6,055,074 5,570,207 4,838,596 5,342,405 4,873,234
96,573 100,242 166,737 101,202 121,447 92,327 122,189 97,415
1,156,634 1,342,830 2,055,041 1,484,681 1,490,577 1,223,591 1,619,975 753,177
1,127,182 1,307,478 2,028,084 1,457,163 1,452,657 1,189,024 1,578,192 706,930

975,422 990,422 1,065,081 1,062,593 1,165,367 1,343,072 1,329,433 1,363,749

N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A
1,336,707 853,698 2,509,340 3,094,915 3,176,646 1,260,668 (459,163) (2,107,746)

0.09 0.10 0.15 0.10 0.09 0.06 0.08 0.04

0.07 0.08 0.11 0.07 0.07 0.05 0.06 0.03
0.04 0.04 0.06 0.05 0.05 0.03 0.04 0.01
0.19 0.19 0.27 0.17 0.17 0.15 0.18 0.08
1.17 1.31 1.05 1.68 2.01 2.65 2.21 6.02
0.07 0.06 0.08 0.04 0.04 0.03 0.04 0.02
1.16 1.32 1.90 1.37 1.25 0.89 1.19 0.52

1.12 0.94 0.84 1.15 1.25 1.04 0.84 0.77

0.53 0.55 0.56 0.51 0.47 0.44 0.50 0.57
0.09 0.11 0.12 0.12 0.13 0.14 0.15 0.16

0.47 0.43 0.43 0.47 0.50 0.52 0.45 0.39

12.62 12.89 12.91 13.47 13.46 14.29 14.97 14.58

1.19 0.65 1.24 2.12 2.19 1.06 -0.29 -2.98

 0.13 0.07 0.19 0.33 0.34 0.11 -0.03 -0.09

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
1,212,946 1,572,838 2,128,998 2,679,195 2,959,682 3,248,960 3,525,379 3,894,824
600,000 750,000 975,000 1,218,750 1,462,500 1,755,000 1,755,000 2,000,000
461,075 560,471 801,403 1,078,381 1,179,593 1,282,359 1,463,127 1,660,689
151,871 262,367 352,595 382,064 317,589 211,601 307,252 234,135
90,000 90,000 225,000 439,500 744,188 1,133,213 1,133,212 1,255,712
807,850 1,048,232 2,085,579 2,237,942 2,230,114 2,829,177 3,702,362 3,885,946
658,070 644,908 1,353,271 1,255,521 1,390,011 1,630,503 1,533,372 1,704,395
149,780 403,324 732,308 982,421 840,103 1,198,674 2,168,990 2,181,551
2,110,796 2,711,070 4,439,577 5,356,637 5,933,984 7,211,350 8,360,953 9,036,482
228,460 352,993 587,197 476,507 670,911 1,039,238 1,666,889 2,100,261
61,489 82,612 205,049 48,027 74,507 57,353 307,439 91,231
166,971 270,381 382,148 428,480 596,404 981,885 1,359,450 2,009,030
1,882,336 2,358,077 3,852,380 4,880,130 5,263,073 6,172,112 6,694,064 6,936,221
1,799,334 2,187,223 3,729,891 4,709,887 5,178,218 6,146,674 6,687,244 6,935,204
62,051 54,607 0 0 0 0 0 0
20,951 116,247 122,489 170,243 84,855 25,438 6,820 1,017

1,033,739 1,543,919 2,139,199 2,542,211 2,699,426 2,686,893 3,116,267 3,696,145

654,912 948,701 1,331,441 1,669,589 1,987,050 2,088,419 2,277,015 2,758,367
378,827 595,218 807,758 872,622 712,376 598,474 839,252 937,778
7,392 4,988 6,319 6,515 10,088 9,978 10,000 10,000
288,294 498,792 631,864 651,455 403,529 294,349 457,859 395,124
288,294 498,792 631,864 651,455 403,529 294,349 457,859 395,124

60,000 75,000 97,500 121,875 146,250 175,500 175,500 200,000

0.23 0.30 0.30 0.30 0.20 0.10 0.15 0.00
0.25 0.10 0.05 0.00 0.00 0.00 0.00 0.10
868,757 594,884 1,306,133 759,483 1,027,846 925,250 831,305 787,432

0.24 0.32 0.30 0.24 0.14 0.09 0.13 0.10

0.20 0.24 0.20 0.16 0.09 0.05 0.07 0.05
0.14 0.18 0.14 0.12 0.07 0.04 0.05 0.04
0.28 0.32 0.30 0.26 0.15 0.11 0.15 0.11
2.27 1.90 2.11 2.56 4.92 7.10 4.97 6.98
0.01 0.01 0.00 0.00 0.01 0.00 0.00 0.00
4.80 6.65 6.48 5.35 2.76 1.68 2.61 1.98

0.35 0.55 0.43 0.38 0.48 0.64 1.09 1.23

0.38 0.39 0.47 0.42 0.38 0.39 0.44 0.43
0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.00

0.57 0.58 0.48 0.50 0.50 0.45 0.42 0.43

20.22 20.97 21.84 21.98 20.24 18.51 20.09 19.47
 3.01 1.19 2.07 1.17 2.55 3.14 1.82 1.99
1.32 0.92 0.97 0.60 0.74 0.57 0.54 0.46

(Thousand Rupees)
Not Available Not Available Not Available Not Available Not Available 2016 2017 2018
1,028,443 1,160,141 1,221,374
1,000,000 1,000,000 1,000,000
5,689 36,568 73,315
22,754 123,573 148,059
0 0 0
14,608 42,568 61,719
14,608 42,568 61,719
0 0 0
1,043,051 1,202,709 1,283,093
974,281 625,019 769,077
933,525 252,808 298,946
40,756 372,211 470,131
68,770 577,690 514,016
14 3,507 2,830
0 18,000 48,879
68,756 556,183 462,307

61,924 208,215 263,315

5,704 30,576 51,921
56,220 177,639 211,394
3,276 17,762 21,137
28,443 154,398 183,734
28,443 154,398 183,734

100,000 100,000 100,000

2.27% 12.25% 0.15
0.00 0.00 0.00
(66,460) (560,453) 64,886

0.03 0.13 0.15

0.03 0.13 0.15
0.03 0.13 0.14
0.46 0.74 0.70
0.20 0.20 0.28
0.57 0.58 0.41
0.28 1.54 1.84

66.70 14.68 12.46

0.01 0.04 0.05
0.00 0.02 0.04
 0.99 0.96 0.95
10.28 11.60 12.21

-2.34 -3.63 0.35

-4.55 -13.17 1.05

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
111,953 106,988 105,226 109,663 118,779 123,742 134,738 130,939
75,152 75,152 75,152 75,152 75,152 75,152 75,152 75,152
23,354 25,856 30,074 34,511 43,627 37,586 45,527 47,385
13,447 5,980 0 0 0 11,004 14,059 8,402
15,552 8,340 17,746 24,658 29,754 30,099 18,999 2,285
5,959 5,387 5,535 2,218 3,190 4,436 5,215 7,553
2,930 2,329 4,993 2,218 3,190 4,436 5,215 7,553
3,029 3,058 542 0 0 0 0 0
133,464 120,715 128,507 136,539 151,723 158,277 158,952 140,777
118,469 111,033 124,727 136,337 151,553 158,189 158,872 140,699
17,645 11,958 3,813 46,428 24,153 29,156 6,900 24,943
100,824 99,075 120,914 89,909 127,400 129,033 151,972 115,756
14,995 9,682 3,780 202 170 88 80 78
14,955 9,642 3,740 162 130 48 40 38
40 40 40 0 0 0 0 0
0 0 0 40 40 40 40 40

29,489 16,006 12,436 12,223 15,380 17,762 24,223 12,435

2,955 3,532 4,138 5,486 4,817 5,582 6,194 7,460
26,534 12,474 8,298 6,737 10,563 12,180 18,029 4,975
2,263 731 252 590 1,056 1,218 1,803 497
20,369 6,583 2,226 5,203 9,316 10,743 15,901 4,388
17,491 6,307 1,995 4,437 9,116 10,225 15,880 3,717

7,515 7,515 7,515 7,515 7,515 7,515 7,515 7,515

0.15 0.05 0.00 0.00 0.07 0.07 0.10 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9,767 10,214 (10,243) 40,529 (10,733) 2,984 (6,690) 1,651

0.16 0.06 0.02 0.04 0.08 0.08 0.12 0.03

0.16 0.06 0.02 0.04 0.06 0.07 0.10 0.03
0.13 0.05 0.02 0.03 0.06 0.06 0.10 0.03
0.59 0.39 0.16 0.36 0.59 0.58 0.66 0.30
0.17 0.56 2.07 1.24 0.53 0.55 0.39 2.01
0.77 0.21 0.06 0.11 0.22 0.22 0.29 0.07
2.33 0.84 0.27 0.59 1.21 1.36 2.11 0.49

40.43 47.67 24.98 61.47 47.51 35.66 30.46 18.63

0.04 0.04 0.04 0.02 0.02 0.03 0.03 0.05
 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.84 0.89 0.82 0.80 0.78 0.78 0.85 0.93

14.90 14.24 14.00 14.59 15.81 16.47 17.93 17.42

0.56 1.62 -5.13 9.13 -1.18 0.29 -0.42 0.44

3.33 4.39 -2.05 18.27 -3.36 0.67 -1.28 0.22

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
703,731 713,402 752,763 770,017 821,517 836,626 984,637 1,098,232
780,462 780,462 780,462 780,462 780,462 780,462 780,463 863,623
565,374 523,824 550,351 570,987 606,102 629,461 712,431 789,634
(642,105) (590,884) (578,050) (581,432) (565,047) (573,297) (508,257) (555,025)
28,952 59,403 49,298 84,280 169,616 219,972 279,216 293,330
2,234,116 2,270,746 2,209,592 1,451,511 1,215,290 1,021,688 789,665 644,420
1,085,777 1,323,147 1,018,885 942,029 1,002,524 753,640 529,319 451,936
1,148,339 947,599 1,190,707 509,482 212,766 268,048 260,346 192,484
2,966,799 3,043,551 3,011,653 2,305,808 2,206,423 2,078,286 2,053,518 2,035,982
1,180,460 1,209,091 1,235,925 675,155 814,786 743,279 893,090 841,504
121,699 231,630 395,169 69,501 35,268 15,153 144,098 22,855
1,058,761 977,461 840,756 605,654 779,518 728,126 748,992 818,649
1,786,339 1,834,460 1,775,728 1,630,653 1,391,637 1,335,007 1,160,428 1,194,478
578,976 183,568 207,926 259,956 217,136 193,786 152,176 184,731
662,676 1,204,702 1,234,272 1,241,610 1,156,009 1,122,283 982,291 964,344
544,687 446,190 333,530 129,087 18,492 18,938 25,961 45,403

614,992 418,193 402,508 327,752 360,831 277,566 462,068 265,533

109,303 109,743 100,646 103,892 136,885 138,084 156,206 140,225
505,689 308,450 301,862 223,860 223,946 139,482 305,862 125,308
4,728 3,369 6,165 4,784 8,107 5,380 19,519 7,469
41,703 29,182 53,410 41,448 70,231 46,718 169,083 65,178
41,703 29,182 53,410 41,448 70,231 46,718 169,083 65,178

78,046 78,046 78,046 78,046 78,046 78,046 78,046 86,362

0.03 0.02 0.03 0.02 4.05% 0.03 0.10 0.03
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
321,609 285,403 191,797 229,802 54,356 91,976 333,843 172,620

0.06 0.04 0.07 0.05 0.09 0.06 0.17 0.06

0.02 0.02 0.03 0.03 0.06 0.04 0.11 0.04
0.01 0.01 0.02 0.02 0.03 0.02 0.08 0.03
0.07 0.07 0.13 0.13 0.19 0.17 0.37 0.25
2.62 3.76 1.88 2.51 1.95 2.96 0.92 2.15
0.04 0.03 0.06 0.05 0.06 0.04 0.13 0.05
0.53 0.37 0.68 0.53 0.90 0.60 2.17 0.75
 1.09 0.91 1.21 0.72 0.81 0.99 1.69 1.86
0.75 0.75 0.73 0.63 0.55 0.49 0.38 0.32
0.22 0.40 0.41 0.54 0.52 0.54 0.48 0.47

0.24 0.23 0.25 0.33 0.37 0.40 0.48 0.54

9.02 9.14 9.65 9.87 10.53 10.72 12.62 12.72

7.71 9.78 3.59 5.54 0.77 1.97 1.97 2.65

0.30 0.22 0.19 0.24 0.05 0.12 0.63 0.38

(Thousand Rupees)
2011 Not Available Not Available Not Available Not Available Not Available Not Available Not Available
69,592
64,625
6,832
(1,865)
0
4,386
4,063
323
73,978
40,881
1,084
39,797
33,097
39
33,000
58

7,271
5,874
1,397
2,719
(247)
(66)

6,462
0.00
0.00
1,929

0.00
0.00
0.00
-0.01
-89.00
0.46
 -0.01

10.06
0.06
0.45

0.94
10.77

-29.23
0.47

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 Not available Not available
118,552 122,143 124,987 127,916 117,776 125,034
200,000 200,000 200,000 200,000 200,000 200,000
10,463 13,363 15,874 18,470 18,470 22,062
(91,911) (91,220) (90,887) (90,554) (100,694) (97,028)
(1,001) 18 (216) (135) (141) 19
30,688 35,759 35,804 16,312 21,344 30,595
24,510 26,032 29,470 9,531 5,172 7,072
6,178 9,727 6,334 6,781 16,172 23,523
148,239 157,920 160,575 144,093 138,979 155,647
96,730 101,137 114,374 93,140 68,300 59,865
20,645 34,244 59,447 21,670 12,982 17,718
76,085 66,893 54,927 71,470 55,318 42,147
51,509 56,783 46,201 50,953 70,679 95,782
25,864 35,096 27,286 50,953 65,552 88,742
25,645 21,687 18,915 0 0 0
0 0 0 0 5,127 7,040

16,842 23,768 27,304 49,144 30,685 37,264

5,242 5,494 7,320 7,320 6,870 7,119
11,600 18,274 19,984 41,824 23,815 30,145
570 692 675 684 0 836
5,026 5,991 5,845 5,929 (7,140) 7,257
5,026 5,991 5,845 5,929 (7,140) 7,257

20,000 20,000 20,000 20,000 20,000 20,000

0.01 0.02 0.02 0.02 0.00 1.65%
0.00 0.00 0.00 0.00 0.00 0.00
6,683 27,467 11,062 6,254 11,811 21,177

0.04 0.05 0.05 0.05 -0.06 0.06

0.04 0.05 0.04 0.04 -0.05 0.05
0.03 0.04 0.04 0.04 -0.05 0.05
0.30 0.25 0.21 0.12 -0.23 0.19
1.04 0.92 1.25 1.23 -0.96 0.98
0.11 0.13 0.09 0.09 0.00 0.12
0.25 0.30 0.29 0.30 -0.36 0.36

3.95 3.89 3.88 9.77 13.21 8.47

0.21 0.23 0.22 0.11 0.15 0.20
0.17 0.14 0.12 0.00 0.00 0.00

0.80 0.77 0.78 0.89 0.85 0.80

5.93 6.11 6.25 6.40 5.89 6.25

1.33 4.58 1.89 1.05 -1.65 2.92

0.27 1.06 0.38 0.66 2.28 2.99
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
328,213 329,985 323,902 335,023 305,070 294,720 297,766 270,402
210,000 210,000 210,000 210,000 210,000 210,000 210,000 210,000
96,334 100,977 103,177 107,456 107,956 97,480 98,086 97,836
21,879 19,008 10,725 17,567 (12,886) (12,760) (10,320) (37,434)
(2,073) (1,326) (1,245) (1,626) 468 (2,494) (5,230) (5,989)
23,293 25,638 36,825 42,690 53,496 64,712 58,925 51,968
17,560 17,730 20,569 20,599 23,340 33,338 24,949 23,185
5,733 7,908 16,256 22,091 30,156 31,374 33,976 28,783
349,433 354,297 359,482 376,087 359,034 356,938 351,461 316,381
264,975 264,613 269,694 259,597 203,968 107,331 125,964 134,543
10,284 15,728 29,308 22,150 42,319 24,207 11,483 24,281
254,691 248,885 240,386 237,447 161,649 83,124 114,481 110,262
84,458 89,684 89,788 116,490 155,066 249,607 225,497 181,838
34,944 65,809 76,526 97,281 119,628 147,176 147,412 103,531
20,767 20,021 9,423 15,369 31,591 39,834 30,536 27,162
28,747 3,854 3,839 3,840 3,847 62,597 47,549 51,145

45,015 39,647 34,575 42,078 6,365 23,437 39,366 24,921

19,473 17,186 25,561 25,437 28,108 25,473 25,575 29,409
25,542 22,461 9,014 16,641 (21,743) (2,036) 13,791 (4,488)
3,405 2,168 1,265 2,432 0 13 329 0
30,047 19,131 11,162 21,450 (14,359) 118 3,028 (25,010)
29,892 18,219 10,996 21,399 (14,533) 118 3,028 (25,010)

21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000

0.08 0.08 0.05 0.08 0.05 0.00 0.01 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
53,269 106,311 (66,190) 47,757 124,146 116,981 39,547 34,809
 0.09 0.06 0.03 0.06 -0.05 0.00 0.01 -0.09
0.09 0.06 0.03 0.06 -0.04 0.00 0.01 -0.09
0.09 0.05 0.03 0.06 -0.04 0.00 0.01 -0.08
0.66 0.46 0.32 0.51 -2.28 0.01 0.08 -1.00
0.65 0.94 2.32 1.19 -1.93 215.87 8.45 -1.18
0.17 0.13 0.05 0.10 0.00 0.00 0.01 0.00
1.42 0.87 0.52 1.02 -0.69 0.01 0.14 -1.19

15.09 14.92 13.11 12.60 8.74 3.22 5.05 5.80

0.07 0.07 0.10 0.11 0.15 0.18 0.17 0.16
0.06 0.06 0.03 0.04 0.09 0.11 0.09 0.09

0.94 0.93 0.90 0.89 0.85 0.83 0.85 0.85

15.63 15.71 15.42 15.95 14.53 14.03 14.18 12.88

1.78 5.84 -6.02 2.23 -8.54 991.36 13.06 -1.39

3.03 6.00 -3.22 2.32 5.32 3.51 1.59 1.50

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
124,042 127,543 132,752 138,155 142,186 130,451 124,940 127,945
113,400 113,400 113,400 113,400 113,400 113,400 113,400 113,400
10,642 14,143 19,352 24,755 28,786 17,051 31,622 30,770
0 0 0 0 0 0 (20,082) (16,225)
0 0 0 0 0 0 0 0
44,098 59,269 60,723 57,958 61,155 51,331 61,072 62,875
9,358 15,502 19,252 22,442 27,500 17,310 15,139 15,936
34,740 43,767 41,471 35,516 33,655 34,021 45,933 46,939
168,140 186,812 193,475 196,113 203,341 181,782 186,012 190,820
59,789 55,774 74,245 88,872 99,516 96,729 77,144 48,934
16,825 13,630 24,481 52,219 13,414 21,691 23,090 14,239
42,964 42,144 49,764 36,653 86,102 75,038 54,054 34,695
108,351 131,038 119,230 107,241 103,825 85,053 108,868 141,886
96,077 120,619 119,230 107,241 103,825 85,053 108,868 141,886
12,274 10,419 0 0 0 0 0 0
- 0 0 0 0 0 0 0

53,703 59,346 61,784 62,539 58,554 49,772 52,203 69,305

15,048 16,829 17,700 17,055 16,686 23,080 26,921 35,268
38,655 42,517 44,084 45,484 41,868 26,692 25,282 34,037
979 1,003 1,004 1,008 954 0 0 524
8,812 9,023 9,049 9,074 8,583 (2,640) (2,353) 4,719
8,812 9,023 9,049 9,074 8,583 (3,024) (2,767) 4,719

11,340 11,340 11,340 11,340 11,340 11,340 11,340 11,340

0.06 0.06 0.06 0.06 0.06 0.00 0.00 0.03%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
 9,187 (3,142) 5,158 26,500 (38,911) 4,673 (211) (6,691)

0.07 0.07 0.07 0.07 0.06 -0.02 -0.02 0.04

0.06 0.05 0.05 0.05 0.05 -0.02 -0.01 0.03
0.05 0.05 0.05 0.05 0.04 -0.02 -0.01 0.02
0.16 0.15 0.15 0.15 0.15 -0.06 -0.05 0.07
1.71 1.87 1.96 1.88 1.94 -7.63 -9.73 7.47
0.07 0.06 0.06 0.06 0.06 0.00 0.00 0.01
0.78 0.80 0.80 0.80 0.76 -0.27 -0.24 0.42

6.39 3.60 3.86 3.96 3.62 5.59 5.10 3.07

0.26 0.32 0.31 0.30 0.30 0.28 0.33 0.33
0.07 0.06 0.00 0.00 0.00 0.00 0.00 0.00

0.74 0.68 0.69 0.70 0.70 0.72 0.67 0.67

10.94 11.25 11.71 12.18 12.54 11.50 11.02 11.28

1.04 -0.35 0.57 2.92 -4.53 -1.55 0.08 -1.42

0.98 -0.20 0.27 1.18 -1.41 0.27 -0.01 -0.42

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
562,818 563,086 627,508 646,765 630,754 625,724 656,684 613,925
524,400 524,400 524,400 524,400 524,400 524,400 524,400 524,400
75,156 81,834 110,003 134,700 126,433 126,611 162,307 126,650
(36,738) (43,148) (6,895) (12,335) (20,079) (25,287) (30,023) (37,125)
0 0 0 0 0 0 0 0
50,839 40,472 34,234 39,580 54,852 38,720 94,455 45,971
49,232 38,640 32,142 37,824 51,997 35,585 91,391 41,725
1,607 1,832 2,092 1,756 2,855 3,135 3,064 4,246
613,657 603,558 661,742 686,345 685,606 664,444 751,139 659,896
257,776 247,616 286,639 321,448 319,561 299,525 329,836 254,704
57,258 33,785 49,575 9,889 20,285 10,790 41,395 11,626
200,518 213,831 237,064 311,559 299,276 288,735 288,441 243,078
355,881 355,942 375,103 364,897 366,045 364,919 421,303 405,192
18,580 19,132 38,234 34,778 34,426 33,529 17,114 6,340
280,390 280,099 333,210 324,388 327,960 327,630 399,929 394,592
56,911 56,711 3,659 5,731 3,659 3,760 4,260 4,260

17,888 29,668 16,621 46,224 34,252 30,364 79,495 17,138

16,551 17,283 25,320 18,431 21,541 21,401 33,409 21,420
1,337 12,385 (8,699) 27,793 12,711 8,963 46,086 (4,282)
0 989 0 2,851 1,314 0 4,890 0
240 8,905 28,393 24,696 11,399 9,092 42,513 (4,193)
180 6,678 28,393 24,696 11,399 9,092 42,513 (4,193)

52,440 52,440 52,440 52,440 52,440 52,440 52,440 52,440

 0.00 0.00 0.00 3.75% 0.02 0.01 0.06 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17,511 (5,204) (19,438) 21,233 6,716 (5,295) (97,759) (71,682)

0.00 0.01 0.05 0.04 0.02 0.01 0.06 -0.01

0.00 0.02 0.05 0.04 0.02 0.01 0.06 -0.01
0.00 0.01 0.04 0.04 0.02 0.01 0.06 -0.01
0.01 0.23 1.71 0.53 0.33 0.30 0.53 -0.24
91.95 2.59 0.89 0.75 1.89 2.35 0.79 -5.11
0.00 0.06 0.00 0.15 0.06 0.00 0.15 0.00
0.00 0.13 0.54 0.47 0.22 0.17 0.81 -0.08

5.24 6.41 8.92 8.50 6.15 8.42 3.61 6.10

0.08 0.07 0.05 0.06 0.08 0.06 0.13 0.07
0.46 0.46 0.50 0.47 0.48 0.49 0.53 0.60

0.92 0.93 0.95 0.94 0.92 0.94 0.87 0.93

10.73 10.74 11.97 12.33 12.03 11.93 12.52 11.71

97.28 -0.78 -0.68 0.86 0.59 -0.58 -2.30 17.10

0.36 -0.13 -0.60 0.56 0.13 -0.15 -1.07 -1.72

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
335,186 353,142 344,986 348,844 341,610 331,808 323,661 357,022
264,138 264,138 264,138 264,138 264,138 264,138 264,138 264,138
75,297 89,004 80,848 84,706 77,472 67,670 79,378 94,390
(4,249) 0 0 0 0 0 (19,855) (1,506)
0 0 0 0 0 0 0 0
40,043 67,797 29,295 26,957 25,573 25,215 25,764 42,012
30,428 60,205 23,288 19,301 20,041 22,621 23,489 23,058
9,615 7,592 6,007 7,656 5,532 2,594 2,275 18,954
375,229 420,939 374,281 375,801 367,183 357,023 349,425 399,034
136,244 149,923 113,808 111,099 110,973 110,457 107,814 93,515
16,490 11,724 25,717 10,170 400 127 24 10,041
119,754 138,199 88,091 100,929 110,573 110,330 107,790 83,474
238,985 271,016 260,473 264,702 256,210 246,566 241,611 305,519
52,549 249,357 242,606 250,528 242,322 239,806 234,861 305,263
106,403 0 5,750 5,750 5,750 5,750 5,750 0
80,033 21,659 12,117 8,424 8,138 1,010 1,000 256

71,466 45,368 21,898 40,719 11,571 5,353 3,573 50,534

20,746 17,933 20,239 18,092 21,460 14,371 10,138 12,344
50,720 27,435 1,659 22,627 (9,889) (9,018) (6,565) 38,190
984 2,018 0 0 0 0 0 (3,707)
8,680 18,166 7,186 3,789 (7,304) (9,743) (8,147) 33,362
8,680 16,970 7,186 3,765 (7,301) (9,743) (8,147) 33,362
 26,413 26,413 26,413 26,413 26,414 26,414 26,414 26,414
0.00 0.05 0.00 0.00 0.00 0.00 0.00 0.07%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(45,926) (7,849) 12,500 (35,186) (9,702) (1,215) (175) 36,252

0.03 0.05 0.02 0.01 -0.02 -0.03 -0.03 0.09

0.03 0.05 0.02 0.01 -0.02 -0.03 -0.03 0.09
0.02 0.04 0.02 0.01 -0.02 -0.03 -0.02 0.08
0.12 0.37 0.33 0.09 -0.63 -1.82 -2.28 0.66
2.39 1.06 2.82 4.81 -2.94 -1.48 -1.24 0.37
0.05 0.11 0.00 0.00 0.00 0.00 0.00 -0.30
0.33 0.64 0.27 0.14 -0.28 -0.37 -0.31 1.26

4.48 2.49 4.89 5.76 5.54 4.88 4.59 4.06

0.11 0.16 0.08 0.07 0.07 0.07 0.07 0.11
0.28 0.00 0.02 0.02 0.02 0.02 0.02 0.00

0.89 0.84 0.92 0.93 0.93 0.93 0.93 0.89

12.69 13.37 13.06 13.21 12.93 12.56 12.25 13.52

-5.29 -0.46 1.74 -9.35 1.33 0.12 0.02 1.09

-1.51 -0.13 0.54 -1.82 -0.48 -0.05 -0.01 1.57

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
3,059,624 3,126,493 3,052,852 3,208,619 3,256,855 3,262,248 3,354,268 3,442,258
1,008,000 1,008,000 1,008,000 1,008,000 1,008,000 1,008,000 1,008,000 1,008,000
1,825,693 1,907,997 2,044,852 2,200,619 2,248,855 2,254,248 2,107,012 2,121,490
225,931 210,496 0 0 0 0 239,256 312,768
0 0 0 0 0 53,807 117,635 117,878
1,015,590 1,439,003 1,666,435 2,184,376 3,136,436 3,844,695 4,894,748 6,719,120
820,814 1,229,924 1,401,497 1,894,271 2,793,135 3,540,634 4,652,980 6,303,092
194,776 209,079 264,938 290,105 343,301 304,061 241,768 416,028
4,075,214 4,565,496 4,719,287 5,392,995 6,393,291 7,160,750 8,366,651 10,279,256
1,531,467 1,818,590 1,404,852 1,893,900 2,281,279 2,613,505 3,259,093 3,994,811
161,528 122,394 130,640 371,132 487,513 248,143 192,260 320,869
1,369,939 1,696,196 1,274,212 1,522,768 1,793,766 2,365,362 3,066,833 3,673,942
2,543,747 2,746,906 3,314,435 3,499,095 4,112,012 4,547,245 5,107,558 6,284,445
2,372,955 2,509,192 2,955,066 2,879,821 3,080,949 2,734,122 2,453,304 2,933,273
162,256 234,071 355,467 616,573 1,029,713 1,812,457 2,653,338 3,349,956
8,536 3,643 3,902 2,701 1,350 666 916 1,216

346,280 378,915 365,850 391,508 440,337 475,518 539,840 585,788

55,711 57,883 67,724 70,750 74,775 81,979 89,311 100,936
290,569 321,032 298,126 320,758 365,562 393,539 450,529 484,852
30,880 39,041 115,023 32,949 35,340 34,356 35,041 33,311
277,922 344,342 992,804 285,443 306,500 298,303 304,601 289,561
277,922 344,342 992,804 285,443 306,500 298,303 294,517 289,561

201,600 201,600 201,600 201,600 201,600 201,600 201,600 201,600

0.22 0.20 0.20 0.22 0.22 0.20 0.20 0.25
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
129,830 24,870 (325,175) (182,562) (451,024) (671,971) (628,958) (1,260,030)

0.09 0.11 0.33 0.09 0.09 0.09 0.09 0.08

0.09 0.10 0.30 0.08 0.09 0.08 0.08 0.07
0.07 0.08 0.21 0.05 0.05 0.04 0.04 0.03
0.80 0.91 2.71 0.73 0.70 0.63 0.55 0.49
0.20 0.17 0.07 0.25 0.24 0.27 0.30 0.35
0.55 0.67 1.70 0.47 0.47 0.42 0.39 0.33
1.38 1.71 4.92 1.42 1.52 1.48 1.46 1.44

1.87 1.48 1.00 1.00 0.82 0.74 0.70 0.63

0.25 0.32 0.35 0.41 0.49 0.54 0.59 0.65
0.04 0.05 0.08 0.11 0.16 0.25 0.32 0.33

0.75 0.68 0.65 0.60 0.51 0.46 0.40 0.33

15.18 15.51 15.14 15.92 16.16 16.18 16.64 17.07

0.47 0.07 -0.33 -0.64 -1.47 -2.25 -2.14 -4.35

0.16 0.02 -0.23 -0.10 -0.16 -0.19 -0.14 -0.20

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
116,951 117,566 130,971 117,475 129,628 140,172 137,472 134,861
30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
60,558 65,478 67,115 67,941 69,299 71,399 73,065 85,285
26,393 22,088 33,856 19,534 30,329 38,773 34,407 19,576
0 0 0 0 0 0 0 0
199,437 230,442 177,645 156,070 162,615 199,770 233,306 280,229
190,541 217,317 162,152 140,708 146,238 180,340 212,043 255,192
8,896 13,125 15,493 15,362 16,377 19,430 21,263 25,037
316,388 348,008 308,616 273,545 292,243 339,942 370,778 415,090
310,020 341,734 304,041 266,132 285,147 325,367 357,050 402,121
17,555 28,404 29,764 19,768 9,969 61,301 7,427 14,070
292,465 313,330 274,277 246,364 275,178 264,066 349,623 388,051
6,368 6,274 4,575 7,413 7,096 14,575 13,728 12,969
6,034 6,090 3,956 6,990 6,703 14,459 13,347 12,478
0 0 0 0 0 0 0 0
334 184 619 423 393 116 381 491

92,555 98,804 90,914 624,105 730,551 827,864 734,216 897,590

29,425 35,347 31,498 37,674 43,088 46,822 54,444 62,522
 63,130 63,457 59,416 586,431 687,463 781,042 679,772 835,068
5,360 5,441 3,761 2,595 3,777 2,063 2,346 2,564
54,192 55,018 57,984 43,063 59,869 80,885 65,031 73,105
27,573 24,599 32,750 16,516 27,153 42,017 33,299 30,551

3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000

0.74 0.65 1.00 0.50 0.90 1.20 1.00 56.67%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
5,787 8,917 58,621 26,568 9,220 79,070 (46,929) (48,400)

0.24 0.21 0.25 0.14 0.21 0.30 0.24 0.23

0.43 0.42 0.40 0.32 0.41 0.51 0.41 0.46
0.09 0.07 0.11 0.06 0.09 0.12 0.09 0.07
0.30 0.25 0.36 0.03 0.04 0.05 0.05 0.03
1.07 1.44 0.96 2.28 1.59 1.11 1.64 2.05
0.18 0.15 0.12 0.07 0.09 0.04 0.04 0.04
9.19 8.20 10.92 5.51 9.05 14.01 11.10 10.18

1.63 1.57 1.88 1.89 1.95 1.80 1.68 1.58

0.63 0.66 0.58 0.57 0.56 0.59 0.63 0.68
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.37 0.34 0.42 0.43 0.44 0.41 0.37 0.32

38.98 39.19 43.66 39.16 43.21 46.72 45.82 44.95

0.21 0.36 1.79 1.61 0.34 1.88 -1.41 -1.58

0.03 0.04 0.36 0.19 0.06 0.44 -0.22 -0.19

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
337,139 339,776 297,913 263,701 141,525 87,693 16,333 8,144
250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000
38,428 43,955 47,913 13,701 (108,475) 43,955 43,955 43,955
48,711 45,821 0 0 0 (206,262) (277,622) (285,811)
0 0 0 0 0 0 0 0
1,830,434 1,623,192 1,705,808 1,436,869 1,106,824 753,612 492,145 347,922
1,310,168 1,148,885 1,190,010 905,248 855,122 604,048 429,546 342,714
520,266 474,307 515,798 531,621 251,702 149,564 62,599 5,208
2,167,573 1,962,968 2,003,721 1,700,570 1,248,349 841,305 508,478 356,066
1,263,771 961,656 877,422 627,178 403,307 292,401 246,152 219,842
8,140 17,415 20,491 42,801 89,488 14,743 49,708 51,654
1,255,631 944,241 856,931 584,377 313,819 277,658 196,444 168,188
903,802 1,001,312 1,126,299 1,073,392 845,042 548,904 262,326 136,224
727,257 892,906 1,020,464 979,401 709,397 466,286 247,452 124,919
175,019 104,975 102,204 67,852 113,572 36,150 3,377 8,858
1,526 3,431 3,631 26,139 22,073 46,468 11,497 2,447
473,558 605,821 567,095 558,124 451,402 314,369 179,801 67,895
15,695 20,800 22,974 24,022 23,211 16,130 15,175 15,551
457,863 585,021 544,121 534,102 428,191 298,239 164,626 52,344
3,400 3,071 0 0 0 0 0 0
30,600 27,637 (16,863) (34,212) (122,176) (53,832) (71,360) (8,189)
30,600 27,637 (16,863) (34,212) (122,176) (53,832) (71,360) (8,189)

25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000

0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
240,594 772,304 478,631 722,269 535,019 (18,416) 198,034 41,583

0.09 0.08 -0.06 -0.13 -0.86 -0.61 -4.37 -1.01

0.04 0.03 -0.02 -0.04 -0.31 -0.23 -0.90 -0.61
0.01 0.01 -0.01 -0.02 -0.10 -0.06 -0.14 -0.02
0.06 0.05 -0.03 -0.06 -0.27 -0.17 -0.40 -0.12
0.51 0.75 -1.36 -0.70 -0.19 -0.30 -0.21 -1.90
0.22 0.15 0.00 0.00 0.00 0.00 0.00 0.00
1.22 1.11 -0.67 -1.37 -4.89 -2.15 -2.85 -0.33

0.96 0.84 0.74 0.69 0.47 0.48 0.57 0.64

0.84 0.83 0.85 0.84 0.89 0.90 0.97 0.98
0.08 0.05 0.05 0.04 0.09 0.04 0.01 0.02

0.16 0.17 0.15 0.16 0.11 0.10 0.03 0.02

13.49 13.59 11.92 10.55 5.66 3.51 0.65 0.33

7.86 27.94 -28.38 -21.11 -4.38 0.34 -2.78 -5.08

0.18 0.67 0.40 0.80 0.63 -0.03 0.46 0.12

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
75,983 72,853 73,305 59,182 60,738 59,811 62,481 62,563
125,400 125,400 125,400 125,400 125,400 125,400 125,400 125,400
20,911 21,288 24,717 24,717 25,028 25,068 25,602 26,045
(70,328) (73,835) (76,812) (90,935) (89,690) (90,657) (88,521) (88,882)
0 0 0 0 0 0 0 0
5,943 5,713 5,366 8,031 5,955 7,621 7,579 12,914
5,478 5,426 5,366 8,031 5,955 6,006 5,964 6,725
465 287 0 0 0 1,615 1,615 6,189
81,926 78,566 78,671 67,213 66,693 67,432 70,060 75,477
79,970 76,537 78,178 57,126 61,108 54,559 43,092 40,509
19,292 9,086 48,372 31,489 49,380 42,483 16,158 15,591
60,678 67,451 29,806 25,637 11,728 12,076 26,934 24,918
1,956 2,029 493 10,087 5,585 12,873 26,968 34,968
1,691 621 448 106 73 5,476 4,879 21,273
0 0 0 0 0 0 0 0
 265 1,408 45 9,981 5,512 7,397 22,089 13,695

8,831 8,199 6,348 6,877 6,802 4,923 7,908 10,187

4,777 4,800 3,981 3,658 5,168 4,500 3,569 4,291
4,054 3,399 2,367 3,219 1,634 423 4,339 5,896
(1,498) 0 0 0 156 20 267 221
13,483 1,878 2,038 (15,656) 1,557 201 2,671 2,213
13,432 1,886 1,957 (15,656) 1,557 201 2,671 2,213

12,540 12,540 12,540 12,540 12,540 12,540 12,540 12,540

0.04 0.01 0.01 0.02 0.01 0.00 0.02 0.01
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11,997 (2,015) 612 (12,541) 3,863 (1,772) (25,617) 20,914

0.18 0.03 0.03 -0.26 0.03 0.00 0.04 0.04

0.18 0.03 0.03 -0.26 0.03 0.00 0.04 0.03
0.16 0.02 0.02 -0.23 0.02 0.00 0.04 0.03
1.52 0.23 0.31 -2.28 0.23 0.04 0.34 0.22
0.36 2.55 2.03 -0.23 3.32 22.39 1.34 1.94
-0.31 0.00 0.00 0.00 0.03 0.00 0.07 0.05
1.07 0.15 0.16 -1.25 0.12 0.02 0.21 0.18

14.60 14.11 14.57 7.11 10.26 9.08 7.23 6.02

0.07 0.07 0.07 0.12 0.09 0.11 0.11 0.17
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.93 0.93 0.93 0.88 0.91 0.89 0.89 0.83

6.06 5.81 5.85 4.72 4.84 4.77 4.98 4.99

0.89 -1.07 0.31 0.80 2.48 -8.82 -9.59 9.45

2.19 -0.37 0.11 -1.56 0.65 -0.30 -4.30 3.11

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
144,006 153,805 175,671 179,493 206,415 215,768 212,607 213,141
58,633 58,633 76,223 83,846 119,899 137,884 137,884 137,884
50,323 61,407 69,791 64,464 58,110 42,733 44,169 47,387
35,050 33,765 29,657 31,183 28,406 35,151 30,554 27,870
0 0 0 0 0 0 0 0
101,430 115,362 91,283 141,575 233,437 294,678 253,253 231,075
61,614 42,063 42,548 61,773 88,725 92,160 66,712 103,055
39,816 73,299 48,735 79,802 144,712 202,518 186,541 128,020
245,436 269,167 266,954 321,068 439,852 510,446 465,860 444,216
131,820 164,523 158,084 183,982 283,869 396,628 348,041 316,176
3,585 18,954 37,120 41,631 51,481 45,581 54,066 25,579
128,235 145,569 120,964 142,351 232,388 351,047 293,975 290,597
113,616 104,644 108,870 137,086 155,983 113,818 117,819 128,040
 31,584 31,699 52,561 60,188 55,645 34,152 24,617 24,787
- 0 0 0 0 0 0 0
82,032 72,945 56,309 76,898 100,338 79,666 93,202 103,253

38,914 47,673 42,028 55,203 72,541 145,624 202,191 257,140

18,562 18,308 23,769 35,629 50,861 113,775 180,827 234,425
20,352 29,365 18,259 19,574 21,680 31,849 21,364 22,715
1,440 2,933 2,154 1,626 1,319 1,694 933 1,485
27,796 23,573 16,411 12,388 10,817 13,912 7,180 11,061
27,796 23,573 16,411 12,388 10,817 13,912 7,180 10,865

5,863 5,863 7,622 8,384 11,990 13,788 13,788 13,788

0.24 0.21 0.11 0.13 0.08 0.08 0.07 0.07
0.00 0.00 0.10 0.10 0.15 0.00 0.00 0.00
(16,004) 36,511 39,888 5,060 (23,803) (51,426) 33,085 3,889

0.19 0.15 0.09 0.07 0.05 0.06 0.03 0.05

0.15 0.10 0.07 0.05 0.03 0.03 0.02 0.03
0.11 0.09 0.06 0.04 0.02 0.03 0.02 0.02
0.71 0.49 0.39 0.22 0.15 0.10 0.04 0.04
0.67 0.78 1.45 2.88 4.70 8.18 25.18 21.58
0.08 0.16 0.09 0.05 0.03 0.01 0.01 0.01
4.74 4.02 2.15 1.48 0.90 1.01 0.52 0.79

2.14 3.91 3.72 2.98 3.20 4.30 5.22 3.07

0.41 0.43 0.34 0.44 0.53 0.58 0.54 0.52
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.59 0.57 0.66 0.56 0.47 0.42 0.46 0.48

24.56 26.23 23.05 21.41 17.22 15.65 15.42 15.46

-0.58 1.55 2.43 0.41 -2.20 -3.70 4.61 0.36

-0.26 0.87 0.94 0.08 -0.27 -0.56 0.50 0.04

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
512,997 519,608 515,677 422,989 450,947 454,488 453,968 423,066
872,177 872,177 872,177 872,177 872,177 872,177 872,177 872,177
126,899 133,492 138,651 138,651 144,084 148,247 151,283 151,283
(486,079) (486,061) (495,151) (587,839) (565,314) (565,936) (569,492) (600,394)
0 0 0 0 0 (2,097) (1,808) (1,868)
59,127 71,656 69,208 61,574 61,024 59,696 62,799 73,505
32,278 38,758 45,089 57,555 54,841 50,115 51,522 52,951
26,849 32,898 24,119 4,019 6,183 9,581 11,277 20,554
572,124 591,264 584,885 484,563 511,971 512,087 514,959 494,703
462,482 440,827 343,815 326,186 371,534 357,991 273,587 215,299
24,763 90,368 224,519 190,145 315,062 241,497 95,328 45,039
 437,719 350,459 119,296 136,041 56,472 116,494 178,259 170,260
109,642 150,437 241,070 158,377 140,437 154,096 241,372 279,404
66,500 108,094 124,677 60,729 63,915 109,310 78,031 91,378
7,721 6,447 9,554 14,188 47,103 35,328 63,684 62,124
35,421 35,896 106,839 83,460 29,419 9,458 99,657 125,902

87,176 91,329 75,895 64,437 55,897 52,631 54,388 59,982

17,147 14,848 17,917 18,039 20,374 26,002 26,742 23,173
70,029 76,481 57,978 46,398 35,523 26,629 27,646 36,809
3,697 1,735 0 0 2,717 2,082 1,518 0
33,270 32,969 25,957 (72,263) 27,166 20,816 15,179 (19,564)
33,270 32,969 25,791 (72,263) 27,166 20,816 15,179 (19,564)

87,218 87,218 87,218 87,218 87,218 87,218 87,218 87,218

0.03 0.03 0.02 0.01 0.02 0.02 0.01 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
62,649 74,543 (15,519) (1,635) 55,287 (1,762) (122,847) (2,919)

0.06 0.06 0.05 -0.17 0.06 0.05 0.03 -0.05

0.06 0.06 0.05 -0.17 0.06 0.05 0.03 -0.04
0.06 0.06 0.04 -0.15 0.05 0.04 0.03 -0.04
0.38 0.36 0.34 -1.12 0.49 0.40 0.28 -0.33
0.52 0.45 0.69 -0.25 0.75 1.25 1.76 -1.18
0.22 0.12 0.00 0.00 0.13 0.08 0.06 0.00
0.38 0.38 0.30 -0.83 0.31 0.24 0.17 -0.22

14.33 11.37 7.63 5.67 6.77 7.14 5.31 4.07

0.10 0.12 0.12 0.13 0.12 0.12 0.12 0.15
0.01 0.01 0.02 0.03 0.09 0.07 0.12 0.13

0.90 0.88 0.88 0.87 0.88 0.89 0.88 0.86

5.88 5.96 5.91 4.85 5.17 5.21 5.20 4.85

1.88 2.26 -0.60 0.02 2.04 -0.08 -8.09 0.15

1.94 1.92 -0.34 -0.03 1.01 -0.04 -2.38 -0.06

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
296,446 142,698 31,076 92,731 170,717 181,733 191,650 203,394
340,200 340,200 340,200 340,200 340,200 340,200 340,200 340,200
114,199 128,065 (309,124) (247,469) (169,483) 204,120 209,697 215,447
(157,953) (325,567) 0 0 0 (362,587) (358,247) (352,253)
0 0 0 0 0 0 0 0
2,331,908 1,767,981 1,536,879 1,231,686 1,035,024 1,245,629 1,682,169 1,789,466
2,137,496 1,622,398 1,411,466 222,600 209,078 281,985 574,487 574,941
194,412 145,583 125,413 1,009,086 825,946 963,644 1,107,682 1,214,525
2,628,354 1,910,679 1,567,955 1,324,417 1,205,741 1,427,362 1,873,819 1,992,860
1,344,489 1,099,166 958,929 866,160 821,576 839,608 1,081,453 1,164,898
182,411 58,509 90,519 64,166 111,190 30,065 41,753 47,169
1,162,078 1,040,657 868,410 801,994 710,386 809,543 1,039,700 1,117,729
1,283,865 811,513 609,026 458,257 384,165 587,754 792,366 827,962
1,198,450 743,457 536,444 352,655 204,555 218,350 181,418 229,128
38,722 21,622 26,972 61,426 122,225 310,447 554,186 536,307
46,693 46,434 45,610 44,176 57,385 58,957 56,762 62,527

853,732 617,354 347,252 297,535 353,205 139,483 173,639 176,954

32,608 33,706 32,698 24,164 19,414 22,077 29,374 35,351
821,124 583,648 314,554 273,371 333,791 117,406 144,265 141,603
0 0 0 3,102 4,103 1,716 2,672 3,079
(70,182) (167,613) (110,970) 58,943 98,469 21,162 24,048 27,713
(70,182) (167,613) (111,622) 74,296 94,531 27,533 27,885 28,754

34,020 34,020 34,020 34,020 34,020 34,020 34,020 34,020

0.00 0.00 0.00 0.05 0.05 0.05 0.05 0.05%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
90,069 348,219 261,224 261,583 265,555 42,174 37,491 (36,314)

-0.24 -1.17 -3.59 0.80 0.55 0.15 0.15 0.14

-0.14 -0.58 -0.71 0.05 0.10 0.02 0.02 0.02
-0.03 -0.09 -0.07 0.06 0.08 0.02 0.01 0.01
-0.08 -0.27 -0.32 0.25 0.27 0.20 0.16 0.16
-0.46 -0.20 -0.29 0.33 0.21 0.80 1.05 1.23
0.00 0.00 0.00 0.13 0.21 0.08 0.09 0.09
-2.06 -4.93 -3.28 2.18 2.78 0.81 0.82 0.85

0.63 0.68 0.68 3.89 3.93 2.98 1.88 2.03

0.89 0.93 0.98 0.93 0.86 0.87 0.90 0.90
0.01 0.01 0.02 0.05 0.10 0.22 0.30 0.27

0.11 0.07 0.02 0.07 0.14 0.13 0.10 0.10

8.71 4.19 0.91 2.73 5.02 5.34 5.63 5.98

-1.28 -2.08 -2.34 3.52 2.81 1.53 1.34 -1.26

0.04 0.21 0.19 1.18 1.27 0.15 0.07 -0.06

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
878,189 1,010,846 1,519,488 1,557,151 1,661,302 4,431,064 4,514,382 4,041,602
800,000 800,000 1,304,000 1,304,000 1,304,000 1,956,000 1,956,000 1,956,000
85,872 179,960 212,091 252,091 313,436 2,383,598 2,464,811 2,464,811
(7,683) 30,886 3,397 1,060 43,866 91,466 93,571 (379,209)
0 504,000 0 43,952 31,135 29,753 28,371 26,989
550,453 150,354 124,984 128,220 360,335 730,183 4,324,551 8,150,774
93,342 150,354 124,984 128,220 191,242 617,334 4,268,125 8,150,774
 457,111 0 0 0 169,093 112,849 56,426 0
1,428,642 1,665,200 1,644,472 1,729,323 2,052,772 5,191,000 8,867,304 12,219,365
1,075,593 1,313,386 1,171,628 1,229,268 1,357,475 1,382,380 2,015,512 3,767,288
58,762 367,208 240,288 181,037 143,381 200,209 147,628 589,898
1,016,831 946,178 931,340 1,048,231 1,214,094 1,182,171 1,867,884 3,177,390
353,049 351,814 472,844 500,055 695,297 3,808,620 6,851,792 8,452,077
341,557 322,813 445,653 461,566 665,119 3,780,937 6,827,550 8,436,604
11,492 29,001 0 0 0 0 0 0
0 0 27,191 38,489 30,178 27,683 24,242 15,473

185,672 279,655 242,092 187,492 295,444 366,140 348,867 49,409

60,891 93,749 126,096 117,468 142,924 168,253 149,213 342,816
124,781 185,906 115,996 70,024 152,520 197,887 199,654 (293,407)
0 0 0 0 0 0 0 0
123,228 188,177 128,522 85,910 172,094 244,358 204,577 (357,120)
123,228 188,177 128,522 85,910 172,094 244,358 204,577 (357,120)

80,000 80,000 130,400 130,400 130,400 195,600 195,600 195,600

0.00 0.07 0.07 3.45% 0.06 6.27% 5.98% 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(264,449) 344,288 146,959 13,923 228,189 265,255 (346,864) (1,519,086)

0.14 0.19 0.08 0.06 0.10 0.06 0.05 -0.09

0.09 0.12 0.08 0.05 0.09 0.05 0.04 -0.09
0.09 0.11 0.08 0.05 0.08 0.05 0.02 -0.03
0.66 0.67 0.53 0.46 0.58 0.67 0.59 -7.23
0.49 0.50 0.98 1.37 0.83 0.69 0.73 -0.96
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.54 2.35 0.99 0.66 1.32 1.25 1.05 -1.83

11.52 8.74 9.37 9.59 7.10 2.24 0.47 0.46

0.39 0.09 0.08 0.07 0.18 0.14 0.49 0.67
0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00

0.61 0.61 0.92 0.90 0.81 0.85 0.51 0.33

10.98 12.64 11.65 11.94 12.74 22.65 23.08 20.66

-2.15 1.83 1.14 0.16 1.33 1.09 -1.70 4.25

-2.83 2.29 1.18 0.11 1.19 0.43 -0.08 -0.19

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
207,015 207,015 207,015 207,015 207,015 204,502 206,505 208,825
211,631 211,631 211,631 211,631 211,631 211,631 211,631 211,631
30,053 30,053 30,053 30,053 30,053 30,053 31,280 31,744
(34,669) (34,669) (34,669) (34,669) (34,669) (37,182) (36,406) (34,550)
(17,707) (17,707) (17,707) (17,707) (17,707) (8,168) (6,990) (7,599)
 78,163 78,163 78,163 78,163 78,163 19,601 12,538 11,355
78,163 78,163 78,163 78,163 78,163 19,601 12,538 11,355
0 0 0 0 0 0 0 0
267,471 267,471 267,471 267,471 267,471 215,935 212,053 212,581
186,435 186,435 186,435 186,435 186,435 8,585 5,492 21,488
1,134 1,134 1,134 1,134 1,134 139 141 231
185,301 185,301 185,301 185,301 185,301 8,446 5,351 21,257
81,036 81,036 81,036 81,036 81,036 207,350 206,561 191,093
326 326 326 326 326 1,709 139,264 1,322
79,166 79,166 79,166 79,166 79,166 72,720 67,276 189,750
1,544 1,544 1,544 1,544 1,544 132,921 21 21

2,560 2,560 2,560 2,560 2,560 4,708 6,942 18,000

4,389 4,389 4,389 4,389 4,389 607 2,659 15,711
(1,829) (1,829) (1,829) (1,829) (1,829) 4,101 4,283 2,289
0 0 0 0 0 0 385 0
(1,530) (1,530) (1,530) (1,530) (1,530) 4,134 3,412 2,320
(1,530) (1,530) (1,530) (1,530) (1,530) 4,134 2,004 2,320

2,163 2,163 2,163 2,163 2,163 21,163 21,163 21,163

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(490,103) (490,103) (490,103) (490,103) (490,103) 132,687 22 (1,347)

-0.01 -0.01 -0.01 -0.01 -0.01 0.02 0.01 0.01

-0.01 -0.01 -0.01 -0.01 -0.01 0.02 0.02 0.01
-0.01 -0.01 -0.01 -0.01 -0.01 0.02 0.01 0.01
-0.60 -0.60 -0.60 -0.60 -0.60 0.88 0.29 0.13
-2.87 -2.87 -2.87 -2.87 -2.87 0.15 1.33 6.77
0.00 0.00 0.00 0.00 0.00 0.00 0.14 0.00
-0.71 -0.71 -0.71 -0.71 -0.71 0.20 0.09 0.11

2.39 2.39 2.39 2.39 2.39 0.44 0.44 1.89

0.29 0.29 0.29 0.29 0.29 0.09 0.06 0.05
0.30 0.30 0.30 0.30 0.30 0.34 0.32 0.89

0.77 0.77 0.77 0.77 0.77 0.95 0.97 0.98

95.71 95.71 95.71 95.71 95.71 9.66 9.76 9.87

320.33 320.33 320.33 320.33 320.33 32.10 0.01 -0.58

-6.27 -6.27 -6.27 -6.27 -6.27 6.77 0.00 -0.12

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
494,865 504,804 495,524 508,554 579,135 547,503 553,646 517,388
263,866 263,866 263,866 263,866 263,866 263,866 263,866 263,866
183,426 193,330 201,638 215,716 245,665 252,531 259,037 259,037
 47,573 47,608 30,020 28,972 69,604 31,106 30,743 (5,515)
(203) (115) 57,885 69,336 51,595 95,524 167,142 70,814
165,266 211,241 242,773 250,858 236,728 237,346 136,394 108,237
35,266 44,688 41,431 86,003 90,401 99,625 117,173 97,927
130,000 166,553 201,342 164,855 146,327 137,721 19,221 10,310
659,928 715,930 796,182 828,748 867,458 880,373 857,182 696,439
466,860 354,580 147,748 224,868 237,648 256,853 203,309 207,016
250,848 172,466 95,851 122,877 93,392 148,389 91,589 55,860
216,012 182,114 51,897 101,991 144,256 108,464 111,720 151,156
193,068 361,350 648,434 603,880 629,810 623,520 653,873 489,423
149,875 291,801 508,177 466,958 396,032 398,292 312,720 251,688
42,218 69,475 131,692 136,780 233,636 224,351 300,972 202,366
975 74 8,565 142 142 877 40,181 35,369

146,409 155,209 181,911 256,773 125,325 175,138 225,162 233,404

19,924 24,530 45,321 40,531 48,622 48,159 53,302 46,094
126,485 130,679 136,590 216,242 76,703 126,979 171,860 187,310
8,160 5,502 4,862 7,900 16,977 3,950 4,029 0
73,442 49,518 43,495 68,441 149,741 34,334 32,530 (4,898)
73,960 49,518 43,495 68,441 149,741 34,334 32,530 (7,232)

26,386 26,386 26,386 26,386 26,387 26,387 26,387 26,387

0.18 0.15 0.20 0.21 0.45 0.10 0.11 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
283,764 136,190 252,462 85,715 7,254 71,424 101,168 (32,457)

0.15 0.10 0.09 0.13 0.26 0.06 0.06 -0.01

0.12 0.07 0.06 0.09 0.19 0.04 0.04 -0.01
0.11 0.07 0.05 0.08 0.17 0.04 0.04 -0.01
0.51 0.32 0.24 0.27 1.19 0.20 0.14 -0.03
0.27 0.50 1.04 0.59 0.32 1.40 1.64 -6.37
0.41 0.22 0.11 0.19 0.35 0.08 0.08 0.00
2.80 1.88 1.65 2.59 5.67 1.30 1.23 -0.27

13.24 7.93 3.57 2.61 2.63 2.58 1.74 2.11

0.25 0.30 0.30 0.30 0.27 0.27 0.16 0.16
0.06 0.10 0.17 0.17 0.27 0.25 0.35 0.29

0.75 0.71 0.62 0.61 0.67 0.62 0.65 0.74

18.75 19.13 18.78 19.27 21.95 20.75 20.98 19.61

3.84 2.75 5.80 1.25 0.05 2.08 3.11 4.49

8.05 3.05 6.09 1.00 0.08 0.72 0.86 -0.33

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
677,068
397,072
279,996
0
0
132,543
53,523
79,020
809,611
206,987
21,639
185,348
602,624
492,809
99,179
10,636

312,872
11,926
300,946
7,952
71,567
71,567

39,707
0.13
0.00
87,655

10.57%
9.47%
8.84%
22.87%
16.66%
66.68%
1.80

3.87
0.16
12.25%

83.63%
17.05

1.22
1.64

(Thousand Rupees)
 2011 2012 2013 2014 2015 2016 2017 2018
494,865 504,804 495,524 179,787 176,125 178,832 182,865 189,280
263,866 263,866 263,866 201,875 201,875 201,875 201,875 216,875
183,426 193,330 201,638 49,056 47,813 46,686 49,799 48,386
47,573 47,608 30,020 (71,144) (73,563) (69,729) (68,809) (75,981)
(203) (115) 57,885 0 0 0 0 0
165,266 211,241 242,773 43,923 36,316 45,433 45,486 34,942
35,266 44,688 41,431 34,944 26,065 35,386 35,722 24,787
130,000 166,553 201,342 8,979 10,251 10,047 9,764 10,155
659,928 715,930 796,182 223,710 212,441 224,265 228,350 224,222
466,860 354,580 147,748 82,759 89,317 88,554 85,668 104,646
250,848 172,466 95,851 30,354 24,577 20,702 13,917 23,504
216,012 182,114 51,897 52,405 64,740 67,852 71,751 81,142
193,068 361,350 648,434 140,951 123,124 135,711 142,682 119,576
149,875 291,801 508,177 24,232 33,165 36,507 44,854 42,982
42,218 69,475 131,692 92,084 87,084 82,084 77,084 72,084
975 74 8,565 24,635 2,875 17,120 20,744 4,510

146,409 155,209 181,911 36,069 35,772 43,915 47,400 35,689

19,924 24,530 45,321 19,362 21,002 22,154 24,436 22,010
126,485 130,679 136,590 16,707 14,770 21,761 22,964 13,679
8,160 5,502 4,862 1,030 592 1,093 1,112 5
73,442 49,518 43,495 9,267 5,328 9,840 11,209 43
73,960 49,518 43,495 9,267 5,328 9,840 10,008 43

26,386 26,386 26,386 20,188 20,188 20,188 20,188 21,688

0.18 0.15 0.20 3.31% 0.02 3.51% 3.57% 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
283,764 136,190 252,462 29,768 26,150 37,143 (7,638) 27,686

0.15 0.10 0.09 0.05 0.03 0.06 0.05 0.00

0.12 0.07 0.06 0.05 0.03 0.05 0.06 0.00
0.11 0.07 0.05 0.04 0.03 0.04 0.04 0.00
0.51 0.32 0.24 0.26 0.15 0.22 0.21 0.00
0.27 0.50 1.04 2.09 3.94 2.25 2.44 511.86
0.41 0.22 0.11 0.05 0.03 0.05 0.05 0.00
2.80 1.88 1.65 0.46 0.26 0.49 0.50 0.00

13.24 7.93 3.57 2.37 3.43 2.50 2.40 4.22

0.25 0.30 0.30 0.20 0.17 0.20 0.20 0.16
0.06 0.10 0.17 0.41 0.41 0.37 0.34 0.32

0.75 0.71 0.62 0.80 0.83 0.80 0.80 0.84

18.75 19.13 18.78 8.91 8.72 8.86 9.06 8.73

3.84 2.75 5.80 3.21 4.91 3.77 -0.76 643.86

8.05 3.05 6.09 0.85 1.00 1.05 -0.21 1.12
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
307,639 330,222 265,215 288,447 484,195 487,994 490,416 373,908
282,744 282,744 282,744 282,744 480,665 480,665 480,665 480,665
40,555 60,894 60,894 72,891 78,469 82,591 83,505 83,505
(15,660) (13,416) (78,423) (67,188) (74,939) (75,262) (73,754) (190,262)
0 0 0 1,224 (98,961) (98,961) (98,960) (98,960)
806,234 1,306,744 1,250,877 1,015,888 597,494 512,212 208,251 100,650
633,387 1,189,718 1,187,543 846,682 345,046 295,207 137,637 79,115
172,847 117,026 63,334 169,206 252,448 217,005 70,614 21,535
1,113,873 1,636,966 1,516,092 1,305,559 982,728 901,245 599,707 375,598
801,245 1,164,792 1,175,724 1,004,538 680,456 591,030 488,336 277,741
109,829 66,987 175,152 172,123 145,845 48,705 22,604 30,948
691,416 1,097,805 1,000,572 832,415 534,611 542,325 465,732 246,793
312,628 472,174 340,368 301,021 302,272 310,215 111,371 97,857
66,769 75,343 54,199 79,296 48,845 68,653 52,056 35,660
18,959 10,495 7,979 6,267 2,609 0 0 0
226,900 386,336 278,190 215,458 250,818 241,562 59,315 62,197

161,081 197,753 234,375 171,982 173,557 141,519 85,127 46,011

34,102 41,513 54,802 44,905 66,207 73,669 56,723 51,303
126,979 156,240 179,573 127,077 107,350 67,850 28,404 (5,292)
4,460 4,520 0 2,715 1,717 824 457 0
40,139 40,677 (46,029) 23,995 11,155 8,245 4,570 (114,209)
40,139 40,677 (46,029) 23,995 11,155 8,245 4,570 (114,209)

28,274 28,274 28,274 28,274 48,067 48,067 48,067 48,067

0.06 0.07 0.00 0.02 0.01 0.01 0.01 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(27,481) (472,580) 130,841 307,844 220,384 50,279 242,412 98,825

0.13 0.12 -0.17 0.08 0.02 0.02 0.01 -0.31

0.08 0.09 -0.14 0.05 0.02 0.01 0.01 -0.39
0.04 0.02 -0.03 0.02 0.01 0.01 0.01 -0.30
0.25 0.21 -0.20 0.14 0.06 0.06 0.05 -2.48
0.85 1.02 -1.19 1.87 5.94 8.94 12.41 -0.45
0.13 0.11 0.00 0.06 0.03 0.01 0.01 0.00
1.42 1.44 -1.63 0.85 0.23 0.17 0.10 -2.38

1.27 0.98 0.99 1.19 1.97 2.00 3.55 3.51

0.72 0.80 0.83 0.78 0.61 0.57 0.35 0.27
0.02 0.01 0.01 0.00 0.00 0.00 0.00 0.00

0.28 0.20 0.17 0.22 0.49 0.54 0.82 1.00

10.88 11.68 9.38 10.20 10.07 10.15 10.20 7.78
 -0.68 -11.62 -2.84 12.83 19.76 6.10 53.04 -0.87
-0.04 -0.40 0.11 0.36 0.64 0.17 1.76 1.25

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
178,889 176,201 179,294 153,943 158,766 159,540 162,377 168,478
184,239 184,239 184,239 184,239 184,239 184,239 184,239 184,239
55,964 55,964 56,583 56,583 57,523 58,459 59,764 62,082
(61,314) (64,002) (61,528) (86,879) (82,996) (83,158) (81,626) (77,843)
0 0 0 0 0 0 0 0
34,163 50,926 60,019 54,313 46,945 59,800 33,907 27,132
28,061 32,685 32,235 36,743 34,777 33,158 26,318 26,897
6,102 18,241 27,784 17,570 12,168 26,642 7,589 235
213,052 227,127 239,313 208,256 205,712 219,339 196,284 195,610
71,328 77,221 84,787 88,827 49,966 44,832 66,402 101,048
3,237 9,000 8,757 29,821 12,285 5,936 19,591 47,176
68,091 68,221 76,030 59,006 37,681 38,896 46,811 53,872
141,724 149,906 154,526 119,429 155,746 174,507 129,882 94,562
132,728 123,443 115,460 77,405 155,746 174,507 124,550 84,160
0 6,000 0 0 0 0 0 0
8,996 20,463 39,066 42,024 0 0 5,332 10,402

85,484 105,760 13,514 12,724 30,183 54,389 55,272 49,096

79,468 102,447 21,326 19,235 15,944 13,912 10,117 10,516
6,016 3,313 (7,812) (6,511) 14,239 40,477 45,155 38,580
0 0 0 0 0 0 0 0
(20,015) (2,430) (4,801) (9,262) 5,166 5,267 7,263 12,708
(20,155) (2,689) (5,156) (24,722) 4,702 4,681 6,522 11,594

18,424 18,424 18,424 18,424 18,424 18,424 18,424 18,424

0.00 0.00 1.25% 0.00 0.02 0.02 0.03 0.05
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
20,887 24,207 1,617 1,795 40,154 41,505 26,590 29,194

-0.11 -0.02 -0.03 -0.16 0.03 0.03 0.04 0.07

-0.11 -0.01 -0.02 -0.05 0.03 0.03 0.04 0.08
-0.09 -0.01 -0.02 -0.12 0.02 0.02 0.03 0.06
-0.24 -0.03 -0.38 -1.94 0.16 0.09 0.12 0.24
-3.94 -38.10 -4.14 -0.78 3.39 2.97 1.55 0.91
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
-1.09 -0.15 -0.28 -1.34 0.26 0.25 0.35 0.63

2.54 2.36 2.63 2.42 1.44 1.35 2.52 3.76

0.16 0.22 0.25 0.26 0.23 0.27 0.17 0.14
0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00

0.84 0.78 0.75 0.74 0.77 0.73 0.83 0.86

 9.71 9.56 9.73 8.36 8.62 8.66 8.81 9.14

-1.04 -9.00 -0.31 -0.07 8.54 8.87 4.08 2.52

0.74 0.74 0.05 0.05 1.15 1.25 1.01 1.09

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
938,070 960,694 1,002,568 1,093,505 1,152,825 1,176,182 1,150,119 1,147,880
453,835 453,835 453,835 453,835 453,835 453,835 453,835 453,835
405,611 425,793 450,052 486,393 525,487 534,143 540,555 546,570
78,624 81,066 98,681 153,277 173,503 188,204 155,729 147,475
0 0 0 0 0 0 0 0
3,223,039 5,170,931 5,837,461 4,941,811 4,027,424 4,122,954 4,812,172 5,805,557
2,844,695 4,480,681 5,101,643 2,513,443 1,700,374 2,825,897 3,467,564 4,206,170
378,344 690,250 735,818 2,428,368 2,327,050 1,297,057 1,344,608 1,599,387
4,161,109 6,131,625 6,840,029 6,035,316 5,180,249 5,299,136 5,962,291 6,953,437
774,051 740,526 1,213,680 823,724 751,520 591,358 590,809 1,173,942
22,378 10,315 487,023 143,905 267,884 266,802 367,303 409,085
751,673 730,211 726,657 679,819 483,636 324,556 223,506 764,857
3,387,058 5,391,099 5,626,349 5,211,592 4,428,729 4,707,778 5,371,482 5,779,495
2,968,010 4,336,366 4,384,538 4,217,492 3,553,141 3,678,230 4,475,895 3,850,100
418,446 1,054,417 1,241,811 994,100 875,588 1,029,548 895,587 1,929,395
602 316 0 0 0 0 0 0

1,121,884 1,679,681 2,191,915 2,308,433 2,061,789 1,848,281 1,890,890 1,953,231

53,315 67,322 82,483 87,756 95,820 106,551 130,365 139,705
1,068,569 1,612,359 2,109,432 2,220,677 1,965,969 1,741,730 1,760,525 1,813,526
9,819 11,441 14,139 20,974 22,538 19,939 13,596 13,839
86,607 100,911 121,294 181,704 195,470 173,123 128,241 120,297
86,607 100,911 121,294 181,704 195,470 173,123 128,241 120,297

45,383 45,383 45,383 45,384 45,384 45,384 45,384 45,384

17.25% 0.18 0.20 0.30 0.33 0.34 0.27 0.25
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(638,235) (1,587,546) 61,095 446,588 877,631 201,044 (341,089) (915,419)

0.09 0.11 0.12 0.17 0.17 0.15 0.11 0.10

0.07 0.06 0.07 0.05 0.06 0.07 0.05 0.04
0.02 0.02 0.02 0.03 0.04 0.03 0.02 0.02
0.08 0.06 0.06 0.08 0.09 0.09 0.07 0.06
0.62 0.67 0.68 0.48 0.49 0.62 1.02 1.16
0.18 0.17 0.17 0.24 0.24 0.19 0.10 0.10
1.91 2.22 2.67 4.00 4.31 3.81 2.83 2.65

0.27 0.17 0.24 0.33 0.44 0.21 0.17 0.28

0.77 0.84 0.85 0.82 0.78 0.78 0.81 0.83
0.10 0.17 0.18 0.16 0.17 0.19 0.15 0.28
 0.23 0.16 0.15 0.18 0.22 0.22 0.19 0.17
20.67 21.17 22.09 24.09 25.40 25.92 25.34 25.29

-7.37 -15.73 0.50 2.46 4.49 1.16 -2.66 -7.61

-0.22 -0.35 0.01 0.18 0.52 0.07 -0.10 -0.22

(Thousand Rupees)
Not available Not available Not available Not available 2015 2016 2017 2018
130,309 74,013 78,594 81,222
100,000 100,000 100,000 100,000
16,345 16,345 17,261 17,787
13,964 (42,332) (38,667) (36,565)
0 0 0 0
9,822 66,640 80,212 44,310
1,986 22,935 30,370 33,983
7,836 43,705 49,842 10,327
140,131 140,653 158,806 125,532
96,942 29,215 50,597 33,288
4,738 3,035 6,459 6,169
92,204 26,180 44,138 27,119
43,189 111,438 108,209 92,244
35,399 106,305 98,940 41,414
5,840 3,300 6,768 27,238
1,950 1,833 2,501 23,592

15,594 26,307 31,398 29,950

14,962 23,626 29,803 27,454
632 2,681 1,595 2,496
452 0 530 338
4,522 (55,737) 4,600 2,936
4,114 (56,296) 4,581 2,628

10,000 10,000 10,000 10,000

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
34,043 28,932 13,534 28,520

0.03 -0.76 0.06 0.03

0.03 -0.47 0.04 0.03
0.03 -0.40 0.03 0.02
0.26 -2.14 0.15 0.09
3.64 -0.42 6.51 10.45
0.03 0.00 0.02 0.01
0.41 -5.63 0.46 0.26

48.81 1.27 1.67 0.98

 0.07 0.47 0.51 0.35
0.04 0.02 0.04 0.22

0.93 0.53 0.49 0.65

13.03 7.40 7.86 8.12

8.27 -0.51 2.95 10.85

17.14 1.26 0.45 0.84

(Thousand Rupees)
Not available Not available Not available Not available 2015 2016 2017 2018
459,591 473,135 483,671 515,786
450,000 450,000 450,000 450,000
9,591 23,135 11,324 27,034
0 0 22,347 38,752
0 0 500,000 500,000
18,819 42,290 44,922 553,643
9,492 9,605 25,345 553,467
9,327 32,685 19,577 176
478,410 515,425 1,028,594 1,569,429
324,460 77,776 468,491 1,096,696
309,604 40,446 370,776 670,733
14,856 37,330 97,715 425,963
153,950 437,649 560,103 472,733
46,288 212,436 140,455 65,481
106,475 224,349 419,108 407,036
1,187 864 540 216

23,305 85,493 132,576 153,817

4,502 17,233 24,124 28,872
18,803 68,260 108,452 124,945
1,107 2,389 3,024 6,024
9,591 20,743 26,287 52,365
9,591 20,743 26,287 52,365

45,000 45,000 45,000 45,000

0.02 0.04 0.05 0.08
0.00 0.00 0.00 0.00
(110,741) (59,759) (164,652) 421,035

2.09% 4.38% 5.43% 10.15%

2.05% 0.04 2.62% 5.15%
0.02 4.02% 2.56% 3.34%
41.15% 24.26% 19.83% 34.04%
46.94% 83.08% 91.77% 55.14%
24.59% 13.86% 12.54% 20.86%
0.21 0.46 0.58 1.16
 34.18 8.10 18.48 1.98
0.04 0.08 0.04 0.35
22.26% 43.53% 40.75% 25.94%

96.07% 0.92 47.02% 32.86%

10.21 10.51 10.75 11.46

-11.55 -2.88 -6.26 8.04

-11.67 -6.22 -6.50 0.76

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
283,389 280,647 304,514 306,683 310,059 310,165 315,168 306,002
298,000 298,000 298,000 298,000 298,000 298,000 298,000 298,000
60,361 61,161 6,514 8,683 12,059 12,165 17,168 8,002
(74,972) (78,514) 0 0 0 0 0 0
0 0 0 0 0 0 0 0
93,825 119,899 124,003 111,547 101,383 86,007 74,765 71,333
27,052 58,533 59,626 50,255 46,992 48,581 45,800 49,823
66,773 61,366 64,377 61,292 54,391 37,426 28,965 21,510
377,214 400,546 428,517 418,230 411,442 396,172 389,933 377,335
191,959 206,117 184,311 203,647 217,857 207,552 220,782 237,430
16,777 24,539 3,412 2,419 827 11,920 15,997 4,162
175,182 181,578 180,899 201,228 217,030 195,632 204,785 233,268
185,255 194,429 244,206 214,583 193,585 188,620 169,151 139,905
166,923 176,760 203,685 169,146 153,060 134,687 133,572 106,229
11,523 9,982 8,535 5,349 6,314 8,849 7,577 12,324
6,809 7,687 31,986 40,088 34,211 45,084 28,002 21,352

73,690 87,103 101,565 103,992 85,610 84,709 84,725 64,876

13,703 19,198 20,592 26,934 26,239 28,589 29,576 30,414
59,987 67,905 80,973 77,058 59,371 56,120 55,149 34,462
2,335 1,346 2,559 2,248 1,934 1,448 1,573 226
21,019 12,110 23,032 20,229 17,406 13,030 14,155 2,034
21,019 12,110 23,032 20,229 17,406 13,030 14,155 1,923

29,800 29,800 29,800 29,800 29,800 29,800 29,800 29,800

0.05 0.00 0.06 0.05 4.25% 0.03 0.04 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
56,182 72,553 51,661 14,663 14,431 25,495 9,532 (6,853)

0.07 0.04 0.08 0.07 0.06 0.04 0.04 0.01

0.06 0.04 0.06 0.06 0.05 0.04 0.04 0.01
0.06 0.03 0.05 0.05 0.04 0.03 0.04 0.01
0.29 0.14 0.23 0.19 0.20 0.15 0.17 0.03
0.65 1.59 0.89 1.33 1.51 2.19 2.09 15.82
 0.17 0.07 0.12 0.08 0.07 0.05 0.05 0.01
0.71 0.41 0.77 0.68 0.58 0.44 0.48 0.06

7.10 3.52 3.09 4.05 4.64 4.27 4.82 4.77

0.25 0.30 0.29 0.27 0.25 0.22 0.19 0.19
0.03 0.02 0.02 0.01 0.02 0.02 0.02 0.03

0.75 0.70 0.71 0.73 0.75 0.78 0.81 0.81

9.51 9.42 10.22 10.29 10.40 10.41 10.58 10.27

2.67 5.99 2.24 0.72 0.83 1.96 0.67 -3.56

2.08 1.24 0.87 0.29 0.31 0.52 0.21 -0.14

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
(174)
136,400
8,739
(145,313)
0
3,326
3,326
0
3,152
594
428
166
2,558
0
2,558
0

375
732
(357)
0
(357)
(357)

13,640
0.00
0.00
(334)

205.17%
205.17%
-11.33%
 -0.95
-205.04%
0.00
-0.03

0.18
1.06
81.15%

-5.52%
-0.01

0.94
-0.10
Exchange Companies - Overall
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 4,597,012 4,998,006 4,505,890 5,399,828
1.Share capital 4,424,258 4,895,275 4,130,275 4,815,410
2.Reserves 45,000 0 25,000 45,000
3.Accumulated profit (loss) 127,754 102,731 350,615 539,418
4.Others 52,580 45,348 50,967 5,355
B.Total liabilities (B1 to B2) 1,235,190 1,628,023 1,612,473 1,786,330
1.Current liabilities 827,732 1,098,330 1,316,888 1,452,014
2.Non-current liabilities 407,458 529,693 295,585 334,316
C.Total assets (C1+C2) 5,884,782 6,671,377 6,169,330 7,191,513
1.Current assets(a + b) 4,255,420 4,716,762 4,473,486 5,411,642
a.Cash & bank balances 2,669,485 2,770,981 2,776,536 3,670,935
b.Other assets 1,585,935 1,945,781 1,696,950 1,740,707
2.Non-current assets (a + b) 1,629,362 1,954,615 1,695,844 1,779,871
a.Fixed assets 476,006 750,108 631,224 642,596
b.Other assets 1,153,356 1,204,507 1,064,620 1,137,275
D.Profit & loss account
1.Revenue 987,907 1,656,131 1,661,192 1,878,553
2.Administrative and general expenses 722,931 1,416,706 1,157,100 1,479,155
3.Profit/(loss) before taxation 91,677 114,884 426,736 385,979
4.Profit/(loss) after taxation 21,897 91,581 281,093 254,525
E.Other items
1.No. of ordinary shares (000) 252,165 271,240 217,240 257,754
2.Cash dividend N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A
4.Cash generated from operating activities 40,689 (3,407,508) 691,603 213,222
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.00 0.02 0.06 0.05
2.Return on capital employed (ROCE) (D3/C-B1) 0.02 0.02 0.09 0.07
3.Return on assets (ROA) (D4/C) 0.00 0.01 0.05 0.04
4.Admin. expense to profit before tax. (D2/D3) (times 7.89 12.33 2.71 3.83
5.Earning per share (D4/E1) 0.09 0.34 1.29 0.99
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.45 0.42 0.45 0.51
2.Cuurent assets to current liabilities (C1/B1) (times) 5.14 4.29 3.40 3.73
3.Total liabilities to total assets (B/C) 0.21 0.24 0.26 0.25
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.78 0.75 0.73 0.75
2.Break up value per share (A/E1) 18.23 18.43 20.74 20.95
I.Cash flow ratios
1.Cash generated from operating activities to profit a 1.86 -37.21 2.46 0.84
2.Cash generated from operating activities to current l 0.05 -3.10 0.53 0.15

AA Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 102,201 118,497 208,455 211,619
1.Share capital 100,000 115,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) 2,201 3,497 8,455 11,619
4.Others 4,796 30,000 0 0
B.Total liabilities (B1 to B2) 6,810 45,170 13,324 113,495
1.Current liabilities 4,541 22,862 12,883 110,497
2.Non-current liabilities 2,269 22,308 441 2,998
C.Total assets (C1+C2) 113,807 193,667 221,779 325,114
1.Current assets(a + b) 74,151 150,341 160,080 229,909
a.Cash & bank balances 66,661 138,070 151,615 171,084
b.Other assets 7,490 12,271 8,465 58,825
2.Non-current assets (a + b) 39,656 43,326 61,699 95,205
a.Fixed assets 4,419 6,292 4,442 33,090
b.Other assets 35,237 37,034 57,257 62,115
D.Profit & loss account
1.Revenue 12,315 22,607 52,020 95,228
2.Administrative and general expenses 9,273 20,722 43,362 87,977
3.Profit/(loss) before taxation 5,046 2,454 6,981 5,420
4.Profit/(loss) after taxation 4,127 1,296 4,957 3,164
E.Other items
1.No. of ordinary shares (000) 10,000 11,500 20,000 20,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 3,644 14,779 (1,468) 57,635
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.04 0.01 0.02 0.02
2.Return on capital employed (ROCE) (D3/C-B1) 0.05 0.01 0.03 0.03
3.Return on assets (ROA) (D4/C) 0.04 0.01 0.02 0.01
4.Admin. expense to profit before tax. (D2/D3) (times 1.84 8.44 6.21 16.23
5.Earning per share (D4/E1) 0.41 0.11 0.25 0.16
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.59 0.71 0.68 0.53
2.Cuurent assets to current liabilities (C1/B1) (times) 16.33 6.58 12.43 2.08
3.Total liabilities to total assets (B/C) 0.06 0.23 0.06 0.35
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.90 0.61 0.94 0.65
2.Break up value per share (A/E1) 10.22 10.30 10.42 10.58
I.Cash flow ratios
1.Cash generated from operating activities to profit a 0.88 11.40 -0.30 18.22
2.Cash generated from operating activities to current l 0.80 0.65 -0.11 0.52

Al-Hameed Int. Money Ex (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 96,846 198,148 198,544 199,585
1.Share capital 100,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (3,154) (1,852) (1,456) (415)
4.Others 5,079 4,826 4,584 4,355
B.Total liabilities (B1 to B2) 35,634 28,396 33,916 23,193
1.Current liabilities 32,373 26,900 31,944 21,834
2.Non-current liabilities 3,261 1,496 1,972 1,359
C.Total assets (C1+C2) 137,559 231,370 237,044 227,133
1.Current assets(a + b) 44,168 52,105 59,597 61,746
a.Cash & bank balances 23,822 23,714 15,146 7,427
b.Other assets 20,346 28,391 44,451 54,319
2.Non-current assets (a + b) 93,391 179,265 177,447 165,387
a.Fixed assets 63,497 124,396 119,111 113,706
b.Other assets 29,894 54,869 58,336 51,681
D.Profit & loss account
1.Revenue 8,572 11,094 8,158 5,520
2.Administrative and general expenses 7,659 7,877 9,522 8,895
3.Profit/(loss) before taxation (4,878) (660) 630 243
4.Profit/(loss) after taxation (4,678) 1,049 154 812
E.Other items
1.No. of ordinary shares (000) 100 200 200 200
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (2,390) (19,602) (7,477) (7,477)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -0.05 0.01 0.00 0.00
2.Return on capital employed (ROCE) (D3/C-B1) -0.05 0.00 0.00 0.00
3.Return on assets (ROA) (D4/C) -0.03 0.00 0.00 0.00
4.Admin. expense to profit before tax. (D2/D3) (times -1.57 -11.93 15.11 36.60
5.Earning per share (D4/E1) -46.78 5.25 0.77 4.06
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.17 0.10 0.06 0.03
2.Cuurent assets to current liabilities (C1/B1) (times) 1.36 1.94 1.87 2.83
3.Total liabilities to total assets (B/C) 0.26 0.12 0.14 0.10
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.70 0.86 0.84 0.88
2.Break up value per share (A/E1) 968.46 990.74 992.72 997.93
I.Cash flow ratios
1.Cash generated from operating activities to profit a 0.51 -18.69 -48.55 -9.21
2.Cash generated from operating activities to current l -0.07 -0.73 -0.23 -0.34

Al-Rahim Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 193,151 199,356 200,662 201,231
1.Share capital 200,000 205,410 205,410 205,410
2.Reserves 0 - - 0
3.Accumulated profit (loss) (6,849) (6,054) (4,748) (4,179)
4.Others 0 - - 0
B.Total liabilities (B1 to B2) 979 636 788 337
1.Current liabilities 716 636 788 337
2.Non-current liabilities 263 - - 0
C.Total assets (C1+C2) 194,130 199,992 201,450 201,568
1.Current assets(a + b) 150,583 139,121 141,096 142,001
a.Cash & bank balances 143,033 137,141 140,310 138,737
b.Other assets 7,550 1,980 786 3,264
2.Non-current assets (a + b) 43,547 60,871 60,354 59,567
a.Fixed assets 10,728 9,334 8,776 7,957
b.Other assets 32,819 51,537 51,578 51,610
D.Profit & loss account
1.Revenue 8,320 6,409 4,712 619
2.Administrative and general expenses 5,276 5,168 6,727 (8,068)
3.Profit/(loss) before taxation (1,402) 1,241 1,306 664
4.Profit/(loss) after taxation (1,443) 1,167 1,306 569
E.Other items
1.No. of ordinary shares (000) 2,000 2,054 2,054 2,054
2.Cash dividend 0.00 - - 0.00
3.Stock dividend/bonus shares 0.00 - - 0.00
4.Cash generated from operating activities (15,609) 7,610 4,053 786
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -0.01 0.01 0.01 0.00
2.Return on capital employed (ROCE) (D3/C-B1) -0.01 0.01 0.01 0.00
3.Return on assets (ROA) (D4/C) -0.01 0.01 0.01 0.00
4.Admin. expense to profit before tax. (D2/D3) (times -3.76 4.16 5.15 -12.15
5.Earning per share (D4/E1) -0.72 0.57 0.64 0.28
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.74 0.69 0.70 0.69
2.Cuurent assets to current liabilities (C1/B1) (times) 210.31 218.74 179.06 421.37
3.Total liabilities to total assets (B/C) 0.01 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 1.00 1.00 1.00 1.00
2.Break up value per share (A/E1) 96.58 97.06 97.69 97.97
I.Cash flow ratios
1.Cash generated from operating activities to profit a 10.82 6.52 3.10 1.38
2.Cash generated from operating activities to current l -21.80 11.97 5.14 2.33

Al-Sahara Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 (Repeated) 2010
A.Total equity (A1 to A3) 192,745 195,212 195212 193,335
1.Share capital 200,000 200,000 200000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (7,255) (4,788) -4788 (6,665)
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 2,477 6,069 6069 31,814
1.Current liabilities 2,477 6,069 6069 31,814
2.Non-current liabilities 0 0 0 0
C.Total assets (C1+C2) 195,222 201,281 201281 225,149
1.Current assets(a + b) 139,856 147,208 147208 172,779
a.Cash & bank balances 133,669 137,428 137428 151,940
b.Other assets 6,187 9,780 9780 20,839
2.Non-current assets (a + b) 55,366 54,073 54073 52,370
a.Fixed assets 5,162 3,920 3920 2,197
b.Other assets 50,204 50,153 50153 50,173
D.Profit & loss account
1.Revenue 42,599 39,058 39058 0
2.Administrative and general expenses 44,321 39,269 39269 2,410
3.Profit/(loss) before taxation (2,421) 3,797 3797 4,152
4.Profit/(loss) after taxation (2,639) 2,468 2468 2,699
E.Other items
1.No. of ordinary shares (000) 20,000 20,000 20000 20,000
2.Cash dividend 0.00 0.00 0 0.00
3.Stock dividend/bonus shares 0.00 0.00 0 0.00
4.Cash generated from operating activities 133,669 4,376 4376 0
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -0.01 0.01 0.01 0.01
2.Return on capital employed (ROCE) (D3/C-B1) -0.01 0.02 0.02 0.02
3.Return on assets (ROA) (D4/C) -0.01 0.01 0.01 0.01
4.Admin. expense to profit before tax. (D2/D3) (times -18.31 10.34 10.34 0.58
5.Earning per share (D4/E1) -0.13 0.12 0.12 0.13
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.68 0.68 0.68 0.67
2.Cuurent assets to current liabilities (C1/B1) (times) 56.46 24.26 24.26 5.43
3.Total liabilities to total assets (B/C) 0.01 0.03 0.03 0.14
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.99 0.97 0.97 0.86
2.Break up value per share (A/E1) 9.64 9.76 9.76 9.67
I.Cash flow ratios
1.Cash generated from operating activities to profit a -50.65 1.77 1.77 0.00
2.Cash generated from operating activities to current l 53.96 0.72 0.72 0.00

D. D Exchange Co. (Pvt) Ltd.

Items Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expenses
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)

Dollar East Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 163,809 163,875 169,434 283,984
1.Share capital 200,000 200,000 200,000 300,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (36,191) (36,125) (30,566) (16,016)
4.Others 700 1,700 0 0
B.Total liabilities (B1 to B2) 51,376 71,030 217,859 204,869
1.Current liabilities 51,376 71,030 216,159 202,182
2.Non-current liabilities 0 0 1,700 2,687
C.Total assets (C1+C2) 215,885 236,605 387,293 488,853
1.Current assets(a + b) 117,023 145,795 294,820 362,796
a.Cash & bank balances 76,158 44,214 26,990 42,822
b.Other assets 40,865 101,581 267,830 319,974
2.Non-current assets (a + b) 98,862 90,810 92,473 126,057
a.Fixed assets 32,007 26,886 28,715 36,196
b.Other assets 66,855 63,924 63,758 89,861
D.Profit & loss account
1.Revenue 60,060 82,406 105,399 117,167
2.Administrative and general expenses 64,626 84,248 104,130 111,744
3.Profit/(loss) before taxation (2,952) 478 8,713 11,991
4.Profit/(loss) after taxation (3,252) 66 5,558 14,551
E.Other items
1.No. of ordinary shares (000) 2,000 2,000 2,000 3,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 11,236 (30,930) (8,068) (41,700)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -0.02 0.00 0.03 0.05
2.Return on capital employed (ROCE) (D3/C-B1) -0.02 0.00 0.05 0.04
3.Return on assets (ROA) (D4/C) -0.02 0.00 0.01 0.03
4.Admin. expense to profit before tax. (D2/D3) (times -21.89 176.25 11.95 9.32
5.Earning per share (D4/E1) -1.63 0.03 2.78 4.85
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.35 0.19 0.07 0.09
2.Cuurent assets to current liabilities (C1/B1) (times) 2.28 2.05 1.36 1.79
3.Total liabilities to total assets (B/C) 0.24 0.30 0.56 0.42
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.76 0.69 0.44 0.58
2.Break up value per share (A/E1) 81.90 81.94 84.72 94.66
I.Cash flow ratios
1.Cash generated from operating activities to profit a -3.46 -468.64 -1.45 -2.87
2.Cash generated from operating activities to current l 0.22 -0.44 -0.04 -0.21

Fairdeal Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 151,516 192,846 205,248 206,933
1.Share capital 155,393 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (3,877) (7,154) 5,248 6,933
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 1,944 14,069 12,343 25,515
1.Current liabilities 1,944 14,069 10,343 23,515
2.Non-current liabilities 0 0 2,000 2,000
C.Total assets (C1+C2) 153,460 206,915 217,591 232,448
1.Current assets(a + b) 98,326 137,702 143,503 167,485
a.Cash & bank balances 92,860 120,512 135,273 156,376
b.Other assets 5,466 17,190 8,230 11,109
2.Non-current assets (a + b) 55,134 69,213 74,088 64,963
a.Fixed assets 13,137 13,543 12,592 13,032
b.Other assets 41,997 55,670 61,496 51,931
D.Profit & loss account
1.Revenue 14,644 21,590 33,191 27,373
2.Administrative and general expenses 14,178 17,253 19,658 24,845
3.Profit/(loss) before taxation 279 (3,263) 13,515 2,526
4.Profit/(loss) after taxation 263 (3,277) 12,402 1,685
E.Other items
1.No. of ordinary shares (000) 15,539 20,000 20,000 20,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (53) (1,920) 19,983 13,602
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.00 -0.02 0.06 0.01
2.Return on capital employed (ROCE) (D3/C-B1) 0.00 -0.02 0.07 0.01
3.Return on assets (ROA) (D4/C) 0.00 -0.02 0.06 0.01
4.Admin. expense to profit before tax. (D2/D3) (times 50.82 -5.29 1.45 9.84
5.Earning per share (D4/E1) 0.02 -0.16 0.62 0.08
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.61 0.58 0.62 0.67
2.Cuurent assets to current liabilities (C1/B1) (times) 50.58 9.79 13.87 7.12
3.Total liabilities to total assets (B/C) 0.01 0.07 0.06 0.11
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.99 0.93 0.94 0.89
2.Break up value per share (A/E1) 9.75 9.64 10.26 10.35
I.Cash flow ratios
1.Cash generated from operating activities to profit a -0.20 0.59 1.61 8.07
2.Cash generated from operating activities to current l -0.03 -0.14 1.93 0.58

Glaxy Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 191,862 202,979 209,851 209,279
1.Share capital 200,000 210,000 210,000 210,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (8,138) (7,021) (149) (721)
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 868 729 642 837
1.Current liabilities 868 729 642 837
2.Non-current liabilities 0 0 0 0
C.Total assets (C1+C2) 192,730 203,708 210,493 210,116
1.Current assets(a + b) 79,068 93,737 92,083 103,153
a.Cash & bank balances 64,192 76,157 85,878 100,076
b.Other assets 14,876 17,580 6,205 3,077
2.Non-current assets (a + b) 113,662 109,971 118,410 106,963
a.Fixed assets 3,662 59,971 57,110 54,363
b.Other assets 110,000 50,000 61,300 52,600
D.Profit & loss account
1.Revenue 28,765 33,618 44,343 40,501
2.Administrative and general expenses 32,551 32,500 38,123 40,899
3.Profit/(loss) before taxation (3,786) 1,118 6,220 (398)
4.Profit/(loss) after taxation (3,929) 1,118 6,220 (572)
E.Other items
1.No. of ordinary shares (000) 20,000 21,000 21,000 21,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 362 1,971 6,714 6,058
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -0.02 0.01 0.03 0.00
2.Return on capital employed (ROCE) (D3/C-B1) -0.02 0.01 0.03 0.00
3.Return on assets (ROA) (D4/C) -0.02 0.01 0.03 0.00
4.Admin. expense to profit before tax. (D2/D3) (times -8.60 29.07 6.13 -102.76
5.Earning per share (D4/E1) -0.20 0.05 0.30 -0.03
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.33 0.37 0.41 0.48
2.Cuurent assets to current liabilities (C1/B1) (times) 91.09 128.58 143.43 123.24
3.Total liabilities to total assets (B/C) 0.00 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 1.00 1.00 1.00 1.00
2.Break up value per share (A/E1) 9.59 9.67 9.99 9.97
I.Cash flow ratios
1.Cash generated from operating activities to profit a -0.09 1.76 1.08 -10.59
2.Cash generated from operating activities to current l 0.42 2.70 10.46 7.24

H & H Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 348,801 279,854 335,913 365,636
1.Share capital 300,000 300,000 300,000 300,000
2.Reserves 45,000 0 25,000 45,000
3.Accumulated profit (loss) 3,801 (20,146) 10,913 20,636
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 59,117 51,800 59,200 71,245
1.Current liabilities 59,117 51,800 57,836 69,931
2.Non-current liabilities 0 0 1,364 1,314
C.Total assets (C1+C2) 407,918 331,654 395,113 436,881
1.Current assets(a + b) 309,730 199,005 301,105 342,427
a.Cash & bank balances 300,968 117,435 280,431 322,275
b.Other assets 8,762 81,570 20,674 20,152
2.Non-current assets (a + b) 98,188 132,649 94,008 94,454
a.Fixed assets 12,834 11,382 10,598 12,016
b.Other assets 85,354 121,267 83,410 82,438
D.Profit & loss account
1.Revenue 67,726 89,719 155,128 114,683
2.Administrative and general expenses 40,828 186,804 49,596 57,370
3.Profit/(loss) before taxation 17,870 (105,384) 95,083 44,959
4.Profit/(loss) after taxation 12,270 (68,948) 56,059 29,723
E.Other items
1.No. of ordinary shares (000) 300 300 300 300
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 15,688 (182,589) 164,232 45,787
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 3.52% -24.64% 16.69% 8.13%
2.Return on capital employed (ROCE) (D3/C-B1) 0.05 -0.38 0.28 0.12
3.Return on assets (ROA) (D4/C) 0.03 -0.21 0.14 0.07
4.Admin. expense to profit before tax. (D2/D3) (times 2.28 -1.77 0.52 1.28
5.Earning per share (D4/E1) 40.90 -229.83 186.86 99.08
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.74 0.35 0.71 0.74
2.Cuurent assets to current liabilities (C1/B1) (times) 5.24 3.84 5.21 4.90
3.Total liabilities to total assets (B/C) 0.14 0.16 0.15 0.16
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.86 0.84 0.85 0.84
2.Break up value per share (A/E1) 1162.67 932.85 1119.71 1218.79
I.Cash flow ratios
1.Cash generated from operating activities to profit a 1.28 2.65 2.93 1.54
2.Cash generated from operating activities to current l 0.27 -3.52 2.84 0.65

HBL Currency Exchange (Pvt) Ltd. (Formerly Habib Currency Exchange (Pvt) Ltd. up to 2010)
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 200,236 209,247 259,990 493,422
1.Share capital 214,865 214,865 214,865 400,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (14,629) (5,618) 45,125 93,422
4.Others (9) (274) 0 0
B.Total liabilities (B1 to B2) 9,546 21,588 10,447 10,603
1.Current liabilities 9,546 21,588 10,200 10,079
2.Non-current liabilities 0 0 247 524
C.Total assets (C1+C2) 209,773 230,561 270,437 504,025
1.Current assets(a + b) 202,642 221,829 210,745 388,042
a.Cash & bank balances 17,674 91,113 202,769 310,952
b.Other assets 184,968 130,716 7,976 77,090
2.Non-current assets (a + b) 7,131 8,732 59,692 115,983
a.Fixed assets 6,650 5,347 4,781 10,369
b.Other assets 481 3,385 54,911 105,614
D.Profit & loss account
1.Revenue 6,066 35,358 115,692 127,153
2.Administrative and general expenses (14,227) 28,912 37,613 52,849
3.Profit/(loss) before taxation 309 6,322 78,065 74,304
4.Profit/(loss) after taxation 236 9,012 50,742 48,298
E.Other items
1.No. of ordinary shares (000) 21,486 21,486 21,486 40,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 8,625 16,196 42,766 (19,391)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.00 0.04 0.20 0.10
2.Return on capital employed (ROCE) (D3/C-B1) 0.00 0.03 0.30 0.15
3.Return on assets (ROA) (D4/C) 0.00 0.04 0.19 0.10
4.Admin. expense to profit before tax. (D2/D3) (times -46.04 4.57 0.48 0.71
5.Earning per share (D4/E1) 0.01 0.42 2.36 1.21
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.08 0.40 0.75 0.62
2.Cuurent assets to current liabilities (C1/B1) (times) 21.23 10.28 20.66 38.50
3.Total liabilities to total assets (B/C) 0.05 0.09 0.04 0.02
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.95 0.91 0.96 0.98
2.Break up value per share (A/E1) 9.32 9.74 12.10 12.34
I.Cash flow ratios
1.Cash generated from operating activities to profit a 36.55 1.80 0.84 -0.40
2.Cash generated from operating activities to current l 0.90 0.75 4.19 -1.92

Habib Qatar International Exchange Pakistan (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 121,014 245,622 320,288 375,658
1.Share capital 100,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) 21,014 45,622 120,288 175,658
4.Others 1,211 0 0 0
B.Total liabilities (B1 to B2) 5,746 29,063 24,732 34,209
1.Current liabilities 5,003 26,137 20,177 27,325
2.Non-current liabilities 743 2,926 4,555 6,884
C.Total assets (C1+C2) 127,971 274,685 345,020 409,867
1.Current assets(a + b) 95,822 236,204 275,737 328,491
a.Cash & bank balances 44,037 146,386 122,657 166,030
b.Other assets 51,785 89,818 153,080 162,461
2.Non-current assets (a + b) 32,149 38,481 69,283 81,376
a.Fixed assets 6,600 13,073 18,915 31,173
b.Other assets 25,549 25,408 50,368 50,203
D.Profit & loss account
1.Revenue 7,918 54,473 142,553 189,170
2.Administrative and general expenses 15,198 27,904 58,743 99,654
3.Profit/(loss) before taxation 7,180 26,569 83,810 89,516
4.Profit/(loss) after taxation 7,124 24,608 74,666 70,370
E.Other items
1.No. of ordinary shares (000) 10,000 20,000 20,000 20,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (1,238) (3,419,457) (17,330) 70,204
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.06 0.10 0.23 0.19
2.Return on capital employed (ROCE) (D3/C-B1) 0.06 0.11 0.26 0.23
3.Return on assets (ROA) (D4/C) 0.06 0.09 0.22 0.17
4.Admin. expense to profit before tax. (D2/D3) (times 2.12 1.05 0.70 1.11
5.Earning per share (D4/E1) 0.71 1.23 3.73 3.52
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.34 0.53 0.36 0.41
2.Cuurent assets to current liabilities (C1/B1) (times) 19.15 9.04 13.67 12.02
3.Total liabilities to total assets (B/C) 0.04 0.11 0.07 0.08
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.95 0.89 0.93 0.92
2.Break up value per share (A/E1) 12.10 12.28 16.01 18.78
I.Cash flow ratios
1.Cash generated from operating activities to profit a -0.17 -138.96 -0.23 1.00
2.Cash generated from operating activities to current l -0.25 -130.83 -0.86 2.57

Link International Exchange Co. (Pvt) Ltd.

Items Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expenses
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)

Money Link Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 205,721 209,424 218,458 213,883
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) 5,721 9,424 18,458 13,883
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 12,274 23,533 96,178 25,959
1.Current liabilities 10,974 22,233 94,878 25,959
2.Non-current liabilities 1,300 1,300 1,300 0
C.Total assets (C1+C2) 217,995 232,957 314,636 239,842
1.Current assets(a + b) 117,718 134,402 216,527 178,781
a.Cash & bank balances 106,344 121,344 201,144 154,013
b.Other assets 11,374 13,058 15,383 24,768
2.Non-current assets (a + b) 100,277 98,555 98,109 61,061
a.Fixed assets 48,244 46,466 45,253 8,369
b.Other assets 52,033 52,089 52,856 52,692
D.Profit & loss account
1.Revenue 16,153 24,851 44,202 33,925
2.Administrative and general expenses (19,375) 22,528 37,568 39,245
3.Profit/(loss) before taxation (126) 4,709 9,955 (3,781)
4.Profit/(loss) after taxation (207) 3,774 9,137 (4,574)
E.Other items
1.No. of ordinary shares (000) 200 200 200 200
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 0 17,271 83,304 (79,639)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.00 0.02 0.04 -0.02
2.Return on capital employed (ROCE) (D3/C-B1) 0.00 0.02 0.05 -0.02
3.Return on assets (ROA) (D4/C) 0.00 0.02 0.03 -0.02
4.Admin. expense to profit before tax. (D2/D3) (times 153.77 4.78 3.77 -10.38
5.Earning per share (D4/E1) -1.04 18.87 45.69 -22.87
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.49 0.52 0.64 0.64
2.Cuurent assets to current liabilities (C1/B1) (times) 10.73 6.05 2.28 6.89
3.Total liabilities to total assets (B/C) 0.06 0.10 0.31 0.11
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.94 0.90 0.69 0.89
2.Break up value per share (A/E1) 1028.61 1047.12 1092.29 1069.42
I.Cash flow ratios
1.Cash generated from operating activities to profit a 0.00 4.58 9.12 17.41
2.Cash generated from operating activities to current l 0.00 0.78 0.88 -3.07

NBP Exchange Co. Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 475,739 362,892 512,490 534,596
1.Share capital 300,000 300,000 300,000 300,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) 175,739 62,892 212,490 234,596
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 342,488 513,525 379,283 301,841
1.Current liabilities 1,831 62,877 117,123 107,117
2.Non-current liabilities 340,657 450,648 262,160 194,724
C.Total assets (C1+C2) 818,227 876,417 891,773 836,437
1.Current assets(a + b) 712,745 775,273 793,626 822,751
a.Cash & bank balances 260,357 189,773 190,379 215,117
b.Other assets 452,388 585,500 603,247 607,634
2.Non-current assets (a + b) 105,482 101,144 98,147 13,686
a.Fixed assets 10,139 9,331 11,278 12,229
b.Other assets 95,343 91,813 86,869 1,457
D.Profit & loss account
1.Revenue 25,131 100,454 125,569 126,338
2.Administrative and general expenses 26,837 28,743 32,055 43,057
3.Profit/(loss) before taxation 35,561 71,712 56,221 50,296
4.Profit/(loss) after taxation 29,610 46,497 24,320 22,106
E.Other items
1.No. of ordinary shares (000) 30,000 30,000 30,000 30,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 2,527 16,024 16,024 (27,420)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.06 0.13 0.05 0.04
2.Return on capital employed (ROCE) (D3/C-B1) 0.04 0.09 0.07 0.07
3.Return on assets (ROA) (D4/C) 0.04 0.05 0.03 0.03
4.Admin. expense to profit before tax. (D2/D3) (times 0.75 0.40 0.57 0.86
5.Earning per share (D4/E1) 0.99 1.55 0.81 0.74
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.32 0.22 0.21 0.26
2.Cuurent assets to current liabilities (C1/B1) (times) 389.27 12.33 6.78 7.68
3.Total liabilities to total assets (B/C) 0.42 0.59 0.43 0.36
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.58 0.41 0.57 0.64
2.Break up value per share (A/E1) 15.86 12.10 17.08 17.82
I.Cash flow ratios
1.Cash generated from operating activities to profit a 0.09 0.34 0.66 -1.24
2.Cash generated from operating activities to current l 1.38 0.25 0.14 -0.26

Noble Exchange International (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 199,816 199,996 203,284 189,823
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (184) (4) 3,284 (10,177)
4.Others 1,500 1,500 1,200 1,000
B.Total liabilities (B1 to B2) 3,465 1,966 18,046 1,133
1.Current liabilities 3,465 1,966 18,046 1,133
2.Non-current liabilities 0 0 0 0
C.Total assets (C1+C2) 204,781 203,462 222,530 191,956
1.Current assets(a + b) 139,458 138,891 155,110 127,032
a.Cash & bank balances 115,964 92,089 122,081 125,297
b.Other assets 23,494 46,802 33,029 1,735
2.Non-current assets (a + b) 65,323 64,571 67,420 64,924
a.Fixed assets 14,179 13,479 12,528 12,487
b.Other assets 51,144 51,092 54,892 52,437
D.Profit & loss account
1.Revenue 13,162 32,859 20,472 3,329
2.Administrative and general expenses 12,739 32,679 21,024 21,438
3.Profit/(loss) before taxation 312 342 5,682 (13,445)
4.Profit/(loss) after taxation 202 178 3,289 (13,461)
E.Other items
1.No. of ordinary shares (000) 20,000 20,000 2,000 2,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (2,801) (23,061) 30,665 4,326
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.00 0.00 0.02 -0.07
2.Return on capital employed (ROCE) (D3/C-B1) 0.00 0.00 0.03 -0.07
3.Return on assets (ROA) (D4/C) 0.00 0.00 0.01 -0.07
4.Admin. expense to profit before tax. (D2/D3) (times 40.83 95.55 3.70 -1.59
5.Earning per share (D4/E1) 0.01 0.01 1.64 -6.73
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.57 0.45 0.55 0.65
2.Cuurent assets to current liabilities (C1/B1) (times) 40.25 70.65 8.60 112.12
3.Total liabilities to total assets (B/C) 0.02 0.01 0.08 0.01
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.98 0.98 0.91 0.99
2.Break up value per share (A/E1) 9.99 10.00 101.64 94.91
I.Cash flow ratios
1.Cash generated from operating activities to profit a -13.87 -129.56 9.32 -0.32
2.Cash generated from operating activities to current l -0.81 -11.73 1.70 3.82

P B S Exchange (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 144,383 144,817 146,379 148,337
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (55,617) (55,183) (53,621) (51,663)
4.Others 28,483 0 45,183 0
B.Total liabilities (B1 to B2) 737 41,556 1,668 89,961
1.Current liabilities 737 573 1,668 6,635
2.Non-current liabilities 0 40,983 0 83,326
C.Total assets (C1+C2) 173,603 186,373 193,230 238,298
1.Current assets(a + b) 74,893 62,845 68,134 113,546
a.Cash & bank balances 73,114 60,358 65,207 110,603
b.Other assets 1,779 2,487 2,927 2,943
2.Non-current assets (a + b) 98,710 123,528 125,096 124,752
a.Fixed assets 65,469 66,128 69,148 68,028
b.Other assets 33,241 57,400 55,948 56,724
D.Profit & loss account
1.Revenue 10,672 39,394 45,667 58,399
2.Administrative and general expenses 40,026 41,413 49,410 61,190
3.Profit/(loss) before taxation (28,370) 644 2,403 3,012
4.Profit/(loss) after taxation (55,616) 434 1,562 1,958
E.Other items
1.No. of ordinary shares (000) 2,000 2,000 2,000 2,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 0 0 0 0
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -0.39 0.00 0.01 0.01
2.Return on capital employed (ROCE) (D3/C-B1) -0.16 0.00 0.01 0.01
3.Return on assets (ROA) (D4/C) -0.32 0.00 0.01 0.01
4.Admin. expense to profit before tax. (D2/D3) (times -1.41 64.31 20.56 20.32
5.Earning per share (D4/E1) -27.81 0.22 0.78 0.98
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.42 0.32 0.34 0.46
2.Cuurent assets to current liabilities (C1/B1) (times) 101.62 109.68 40.85 17.11
3.Total liabilities to total assets (B/C) 0.00 0.22 0.01 0.38
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.83 0.78 0.76 0.62
2.Break up value per share (A/E1) 72.19 72.41 73.19 74.17
I.Cash flow ratios
1.Cash generated from operating activities to profit a 0.00 0.00 0.00 0.00
2.Cash generated from operating activities to current l 0.00 0.00 0.00 0.00

Pakistan Currency Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 198,867 204,406 208,093 320,971
1.Share capital 200,000 200,000 200,000 300,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (1,133) 4,406 8,093 20,971
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 140,380 18,540 400,075 312,275
1.Current liabilities 134,730 9,904 382,915 286,579
2.Non-current liabilities 5,650 8,636 17,160 25,696
C.Total assets (C1+C2) 339,247 222,946 608,168 633,246
1.Current assets(a + b) 272,069 152,503 523,598 544,550
a.Cash & bank balances 123,079 90,404 267,979 435,977
b.Other assets 148,990 62,099 255,619 108,573
2.Non-current assets (a + b) 67,178 70,443 84,570 88,696
a.Fixed assets 16,981 17,770 32,491 36,037
b.Other assets 50,197 52,673 52,079 52,659
D.Profit & loss account
1.Revenue 109,801 221,403 353,552 416,252
2.Administrative and general expenses 112,362 209,767 310,405 400,090
3.Profit/(loss) before taxation (753) 8,313 9,972 19,364
4.Profit/(loss) after taxation (3,240) 5,539 3,687 12,877
E.Other items
1.No. of ordinary shares (000) 2,000 2,000 2,000 2,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (127,739) (6,268) 19,425 167,546
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -0.02 0.03 0.02 0.04
2.Return on capital employed (ROCE) (D3/C-B1) 0.00 0.04 0.04 0.06
3.Return on assets (ROA) (D4/C) -0.01 0.02 0.01 0.02
4.Admin. expense to profit before tax. (D2/D3) (times -149.22 25.23 31.13 20.66
5.Earning per share (D4/E1) -1.62 2.77 1.84 6.44
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.36 0.41 0.44 0.69
2.Cuurent assets to current liabilities (C1/B1) (times) 2.02 15.40 1.37 1.90
3.Total liabilities to total assets (B/C) 0.41 0.08 0.66 0.49
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.59 0.92 0.34 0.51
2.Break up value per share (A/E1) 99.43 102.20 104.05 160.49
I.Cash flow ratios
1.Cash generated from operating activities to profit a 39.43 -1.13 5.27 13.01
2.Cash generated from operating activities to current l -0.95 -0.63 0.05 0.58

Paracha International Exchange (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 162,333 189,819 187,019 197,298
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (37,667) (10,181) (12,981) (2,702)
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 4,461 11,423 75,119 53,026
1.Current liabilities 4,461 11,423 75,119 53,026
2.Non-current liabilities 0 0 0 0
C.Total assets (C1+C2) 166,794 201,242 262,138 250,324
1.Current assets(a + b) 85,641 114,215 182,878 125,537
a.Cash & bank balances 25,739 35,749 106,747 103,117
b.Other assets 59,902 78,466 76,131 22,420
2.Non-current assets (a + b) 81,153 87,027 79,260 124,787
a.Fixed assets 3,963 80,936 75,786 68,043
b.Other assets 77,190 6,091 3,474 56,744
D.Profit & loss account
1.Revenue 6,597 33,784 35,797 36,391
2.Administrative and general expenses (6,470) (11,128) 36,097 27,097
3.Profit/(loss) before taxation 3,817 22,656 (299) 9,294
4.Profit/(loss) after taxation 3,815 27,486 (2,800) 10,279
E.Other items
1.No. of ordinary shares (000) 20,000 20,000 20,000 20,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 3,849 12,327 74,696 (2,737)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.02 0.14 -0.02 0.05
2.Return on capital employed (ROCE) (D3/C-B1) 0.02 0.12 0.00 0.05
3.Return on assets (ROA) (D4/C) 0.02 0.14 -0.01 0.04
4.Admin. expense to profit before tax. (D2/D3) (times -1.70 -0.49 -120.73 2.92
5.Earning per share (D4/E1) 0.19 1.37 -0.14 0.51
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.15 0.18 0.41 0.41
2.Cuurent assets to current liabilities (C1/B1) (times) 19.20 10.00 2.43 2.37
3.Total liabilities to total assets (B/C) 0.03 0.06 0.29 0.21
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.97 0.94 0.71 0.79
2.Break up value per share (A/E1) 8.12 9.49 9.35 9.86
I.Cash flow ratios
1.Cash generated from operating activities to profit a 1.01 0.45 -26.68 -0.27
2.Cash generated from operating activities to current l 0.86 1.08 0.99 -0.05

Paragon Exchange (Pvt) Ltd.

Items Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expenses
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)

Ravi Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 96,221 200,059 205,138 224,521
1.Share capital 100,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) (3,779) 59 5,138 24,521
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 4,653 4,756 39,284 227,518
1.Current liabilities 4,653 4,756 36,913 215,543
2.Non-current liabilities 0 0 2,371 11,975
C.Total assets (C1+C2) 100,874 204,815 244,422 452,039
1.Current assets(a + b) 93,945 94,900 120,444 321,517
a.Cash & bank balances 52,192 55,329 109,950 251,747
b.Other assets 41,753 39,571 10,494 69,770
2.Non-current assets (a + b) 6,929 109,915 123,978 130,522
a.Fixed assets 5,617 66,313 70,035 72,472
b.Other assets 1,312 43,602 53,943 58,050
D.Profit & loss account
1.Revenue 10,812 20,932 53,807 116,287
2.Administrative and general expenses 13,384 24,102 49,901 96,420
3.Profit/(loss) before taxation 175 1,313 7,678 30,968
4.Profit/(loss) after taxation (2,283) 911 5,079 19,383
E.Other items
1.No. of ordinary shares (000) 1,000 2,000 2,000 2,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 491 (22,255) 71,664 (50,289)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) -0.02 0.00 0.02 0.09
2.Return on capital employed (ROCE) (D3/C-B1) 0.00 0.01 0.04 0.13
3.Return on assets (ROA) (D4/C) -0.02 0.00 0.02 0.04
4.Admin. expense to profit before tax. (D2/D3) (times 76.48 18.36 6.50 3.11
5.Earning per share (D4/E1) -2.28 0.46 2.54 9.69
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.52 0.27 0.45 0.56
2.Cuurent assets to current liabilities (C1/B1) (times) 20.19 19.95 3.26 1.49
3.Total liabilities to total assets (B/C) 0.05 0.02 0.16 0.50
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.95 0.98 0.84 0.50
2.Break up value per share (A/E1) 96.22 100.03 102.57 112.26
I.Cash flow ratios
1.Cash generated from operating activities to profit a -0.22 -24.43 14.11 -2.59
2.Cash generated from operating activities to current l 0.11 -4.68 1.94 -0.23

Riaz Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 202,979 210,320 209,160 202,031
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) 2,979 10,320 9,160 2,031
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 2,899 2,196 1,445 676
1.Current liabilities 2,619 1,326 1,130 416
2.Non-current liabilities 280 870 315 260
C.Total assets (C1+C2) 205,878 212,516 210,605 202,707
1.Current assets(a + b) 151,208 154,051 157,178 147,312
a.Cash & bank balances 135,884 139,625 150,026 142,343
b.Other assets 15,324 14,426 7,152 4,969
2.Non-current assets (a + b) 54,670 58,465 53,427 55,395
a.Fixed assets 4,001 4,294 3,160 3,679
b.Other assets 50,669 54,171 50,267 51,716
D.Profit & loss account
1.Revenue 18,056 28,849 40,808 22,948
2.Administrative and general expenses 9,707 11,630 11,407 11,833
3.Profit/(loss) before taxation 10,226 19,236 29,003 13,643
4.Profit/(loss) after taxation 6,630 12,341 18,841 8,870
E.Other items
1.No. of ordinary shares (000) 20,000 20,000 20,000 20,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 590 (402) 22,483 4,979
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.03 0.06 0.09 0.04
2.Return on capital employed (ROCE) (D3/C-B1) 0.05 0.09 0.14 0.07
3.Return on assets (ROA) (D4/C) 0.03 0.06 0.09 0.04
4.Admin. expense to profit before tax. (D2/D3) (times 0.95 0.60 0.39 0.87
5.Earning per share (D4/E1) 0.33 0.62 0.94 0.44
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.66 0.66 0.71 0.70
2.Cuurent assets to current liabilities (C1/B1) (times) 57.74 116.18 139.10 354.12
3.Total liabilities to total assets (B/C) 0.01 0.01 0.01 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.99 0.99 0.99 1.00
2.Break up value per share (A/E1) 10.15 10.52 10.46 10.10
I.Cash flow ratios
1.Cash generated from operating activities to profit a 0.09 -0.03 1.19 0.56
2.Cash generated from operating activities to current l 0.23 -0.30 19.90 11.97

Royal International Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 104,038 181,454 169,087 264,895
1.Share capital 104,000 200,000 200,000 300,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) 38 (18,546) (30,913) (35,105)
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 681 844 2,350 10,974
1.Current liabilities 681 844 2,350 10,405
2.Non-current liabilities 0 0 0 569
C.Total assets (C1+C2) 104,719 182,298 171,437 275,869
1.Current assets(a + b) 75,993 128,595 111,676 219,829
a.Cash & bank balances 74,364 118,644 102,184 206,189
b.Other assets 1,629 9,951 9,492 13,640
2.Non-current assets (a + b) 28,726 53,703 59,761 56,040
a.Fixed assets 2,725 3,620 4,261 6,040
b.Other assets 26,001 50,083 55,500 50,000
D.Profit & loss account
1.Revenue 19,674 22,059 50,660 69,855
2.Administrative and general expenses 17,058 20,439 48,044 64,219
3.Profit/(loss) before taxation 1,020 (18,134) (17,423) 5,636
4.Profit/(loss) after taxation 664 (18,584) (12,368) 1,394
E.Other items
1.No. of ordinary shares (000) 1,040 2,000 2,000 3,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (6) (237) (14,868) 1,224
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.01 -0.10 -0.07 0.01
2.Return on capital employed (ROCE) (D3/C-B1) 0.01 -0.10 -0.10 0.02
3.Return on assets (ROA) (D4/C) 0.01 -0.10 -0.07 0.01
4.Admin. expense to profit before tax. (D2/D3) (times 16.72 -1.13 -2.76 11.39
5.Earning per share (D4/E1) 0.64 -9.29 -6.18 0.46
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.71 0.65 0.60 0.75
2.Cuurent assets to current liabilities (C1/B1) (times) 111.59 152.36 47.52 21.13
3.Total liabilities to total assets (B/C) 0.01 0.00 0.01 0.04
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.99 1.00 0.99 0.96
2.Break up value per share (A/E1) 100.04 90.73 84.54 88.30
I.Cash flow ratios
1.Cash generated from operating activities to profit a -0.01 0.01 1.20 0.88
2.Cash generated from operating activities to current l -0.01 -0.28 -6.33 0.12

Sadiq Exchange Co. (Pvt) Ltd.

Items Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expenses
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)

SIBL Exchange Co. (Thousand Rupees)

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 102,779 105,636 109,217 112,297
1.Share capital 100,000 100,000 100,000 100,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) 2,779 5,636 9,217 12,297
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 8,458 4,144 3,193 2,871
1.Current liabilities 8,458 4,144 3,193 2,871
2.Non-current liabilities 0 0 0 0
C.Total assets (C1+C2) 111,237 109,780 112,410 115,168
1.Current assets(a + b) 109,029 108,085 111,175 114,264
a.Cash & bank balances 9,492 8,841 1,074 947
b.Other assets 99,537 99,244 110,101 113,317
2.Non-current assets (a + b) 2,208 1,695 1,235 904
a.Fixed assets 1,674 1,344 1,066 805
b.Other assets 534 351 169 99
D.Profit & loss account
1.Revenue 6,315 8,116 9,502 8,842
2.Administrative and general expense 3,993 3,647 3,901 4,018
3.Profit/(loss) before taxation 2,322 4,469 5,601 4,824
4.Profit/(loss) after taxation 1,474 2,858 3,581 3,080
E.Other items
1.No. of ordinary shares 10,000 10,000 10,000 10,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonua shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 5,194 (2,088) 2,617 2,839
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 1.43% 2.71% 3.28% 2.74%
2.Return on capital employed (ROCE) (D3/C-B1) 2.26% 4.23% 5.13% 0.04
3.Return on assets (ROA) (D4/C) 1.33% 0.03 3.19% 2.67%
4.Admin. expense to profit before tax. (D2/D3) (times 1.72 0.82 0.70 0.83
5.Earning per share (D4/E1) 0.15 0.29 0.36 0.31
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 8.53% 8.05% 0.96% 0.82%
2.Cuurent assets to current liabilities (C1/B1) (times) 12.89 26.08 34.82 39.80
3.Total llabilities to total assets (B/C) 0.08 3.77% 2.84% 2.49%
H.Capital /lverage ratios
1.Capital ratio (A/C) 0.92 96.23% 97.16% 97.51%
2.Break up value per share (A/E1) 10.28 10.56 10.92 11.23
I.Cash flow ratios
1.Cash generated from operating activities to profit a 3.52 -0.73 0.73 0.92
2.Cash generated from operating activities to current l 0.61 -0.50 0.82 0.99

Sky Exchange Co. (Pvt) Ltd.

Items Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expenses
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)

Wall Street Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 207,196 214,479 229,180 250,494
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
3.Accumulated profit (loss) 7,196 14,479 29,180 50,494
4.Others 0 0 0 0
B.Total liabilities (B1 to B2) 105,267 129,048 222,581 243,979
1.Current liabilities 105,267 129,048 222,581 243,979
2.Non-current liabilities 0 0 0 0
C.Total assets (C1+C2) 312,463 343,527 451,761 494,473
1.Current assets(a + b) 240,405 252,630 354,374 397,694
a.Cash & bank balances 194,453 134,390 298,696 357,866
b.Other assets 45,952 118,240 55,678 39,828
2.Non-current assets (a + b) 72,058 90,897 97,387 96,779
a.Fixed assets 18,360 35,333 41,178 40,308
b.Other assets 53,698 55,564 56,209 56,471
D.Profit & loss account
1.Revenue 82,898 122,726 219,960 268,573
2.Administrative and general expenses (67,487) 107,580 189,814 231,973
3.Profit/(loss) before taxation 10,003 11,391 23,620 32,791
4.Profit/(loss) after taxation 7,167 7,283 14,701 21,314
E.Other items
1.No. of ordinary shares (000) 20,000 20,000 20,000 20,000
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 82,538 (32,437) 182,188 66,889
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.03 0.03 0.06 0.09
2.Return on capital employed (ROCE) (D3/C-B1) 0.05 0.05 0.10 0.13
3.Return on assets (ROA) (D4/C) 0.02 0.02 0.03 0.04
4.Admin. expense to profit before tax. (D2/D3) (times -6.75 9.44 8.04 7.07
5.Earning per share (D4/E1) 0.36 0.36 0.74 1.07
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.62 0.39 0.66 0.72
2.Cuurent assets to current liabilities (C1/B1) (times) 2.28 1.96 1.59 1.63
3.Total liabilities to total assets (B/C) 0.34 0.38 0.49 0.49
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.66 0.62 0.51 0.51
2.Break up value per share (A/E1) 10.36 10.72 11.46 12.52
I.Cash flow ratios
1.Cash generated from operating activities to profit a 11.52 -4.45 12.39 3.14
2.Cash generated from operating activities to current l 0.78 -0.25 0.82 0.27

ZeeQue Exchange Co. (Pvt) Ltd.

Items Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
D.Profit & loss account
1.Revenue
2.Administrative and general expenses
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
6,201,867 6,669,839 7,233,398 7,928,417 8,978,388 10,098,882 11,290,065 12,923,211
5,485,544 5,916,044 6,414,919 7,247,919 8,067,918 8,797,935 9,482,785 10,348,997
65,000 162,775 145,760 74,263 86,825 100,360 124,743 59,608
651,323 591,020 672,719 606,235 823,645 1,200,587 1,682,537 2,514,606
27,555 45,221 16,641 21,306 32,195 56,080 15,559 13,194
1,355,137 1,329,333 1,422,387 1,618,722 1,847,356 2,028,034 2,227,393 3,040,312
1,084,704 1,154,975 1,265,738 1,407,205 1,506,148 1,710,443 1,904,343 2,676,539
270,433 174,358 156,649 211,517 341,208 317,591 323,050 363,773
7,584,559 8,044,393 8,672,426 9,568,445 10,857,939 12,182,996 13,533,017 15,976,717
5,564,756 6,041,907 6,438,480 7,393,541 8,433,430 9,384,200 10,479,847 12,751,924
3,834,681 4,114,910 4,680,316 5,330,038 6,398,523 7,485,041 8,273,020 9,057,809
1,730,075 1,926,997 1,758,164 2,063,503 2,034,907 1,899,159 2,206,827 3,694,115
2,019,803 2,002,486 2,233,946 2,174,904 2,424,509 2,798,796 3,053,170 3,224,793
677,553 561,542 636,785 742,660 804,946 813,053 872,769 976,779
1,342,250 1,440,944 1,597,161 1,432,244 1,619,563 1,985,743 2,180,401 2,248,014

1,963,110 2,596,859 3,088,951 3,421,099 3,682,493 4,486,356 5,329,593 7,569,034

1,711,264 2,162,552 2,599,519 3,058,141 3,265,310 3,833,395 4,576,374 5,824,811
266,193 434,308 499,152 362,958 403,955 652,959 753,118 1,757,908
152,745 244,520 331,853 213,837 262,083 463,068 539,924 1,192,590

273,555 286,005 322,663 372,393 395,893 444,593 476,192 551,759

N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A
345,777 22,462 506,975 311,974 536,991 447,275 276,946 1,081,303

0.02 0.04 0.05 0.03 0.03 0.05 0.05 0.09

0.04 0.06 0.07 0.04 0.04 0.06 0.06 0.13
0.02 0.03 0.04 0.02 0.02 0.04 0.04 0.07
6.43 4.98 5.21 8.43 8.08 5.87 6.08 3.31
0.56 0.85 1.03 0.57 0.66 1.04 1.13 2.16

0.51 0.51 0.54 0.56 0.59 0.61 0.61 0.57

5.13 5.23 5.09 5.25 5.60 5.49 5.50 4.76
0.18 0.17 0.16 0.17 0.17 0.17 0.16 0.19

0.82 0.83 0.83 0.83 0.83 0.83 0.83 0.81

22.67 23.32 22.42 21.29 22.68 22.71 23.71 23.42

2.26 0.09 1.53 1.46 2.05 0.97 0.51 0.91

0.32 0.02 0.40 0.22 0.36 0.26 0.15 0.40

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
219,742 225,706 207,990 243,806 311,566 398,106 408,501 437,722
200,000 200,000 200,000 230,000 300,000 365,000 395,000 412,000
0 0 0 0 0 0 0 0
19,742 25,706 7,990 13,806 11,566 33,106 13,501 25,722
0 0 0 0 14,000 0 0 0
151,143 225,334 214,187 234,964 210,642 230,693 205,831 292,839
146,762 219,896 208,758 230,424 206,049 224,435 199,812 286,225
4,381 5,438 5,429 4,540 4,593 6,258 6,019 6,614
370,885 451,040 422,177 478,770 536,208 628,799 614,332 730,561
276,113 352,724 311,602 360,622 394,029 446,530 406,333 506,854
206,215 197,817 210,338 191,257 296,778 290,011 319,289 359,035
69,898 154,907 101,264 169,365 97,251 156,519 87,044 147,819
94,772 98,316 110,575 118,148 142,179 182,269 207,999 223,707
31,881 33,695 44,552 45,616 48,453 69,237 80,365 91,128
62,891 64,621 66,023 72,532 93,726 113,032 127,634 132,579

111,056 152,967 133,207 137,283 156,685 224,952 298,122 382,982

96,843 143,218 122,063 127,905 138,936 191,327 279,865 346,196
11,902 9,749 11,144 9,378 17,749 33,625 18,257 36,786
8,123 5,964 6,990 5,815 11,566 21,540 13,395 25,721

20,000 20,000 20,000 23,000 30,000 36,500 39,500 41,200

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
39,335 (539) 54,374 (36,408) 66,579 (8,812) 70,368 65,262

0.04 0.03 0.03 0.02 0.04 0.05 0.03 0.06

0.05 0.04 0.05 0.04 0.05 0.08 0.04 0.08
0.02 0.01 0.02 0.01 0.02 0.03 0.02 0.04
8.14 14.69 10.95 13.64 7.83 5.69 15.33 9.41
0.41 0.30 0.35 0.25 0.39 0.59 0.34 0.62

0.56 0.44 0.50 0.40 0.55 0.46 0.52 0.49

1.88 1.60 1.49 1.57 1.91 1.99 2.03 1.77
0.41 0.50 0.51 0.49 0.39 0.37 0.34 0.40

0.59 0.50 0.49 0.51 0.58 0.63 0.67 0.60

10.99 11.29 10.40 10.60 10.39 10.91 10.34 10.62

4.84 -0.09 7.78 -6.26 5.76 -0.41 5.25 2.54

0.27 0.00 0.26 -0.16 0.32 -0.04 0.35 0.23

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
199,626 204,769 205,435 206,089 207,704 209,213 210,058 211,055
200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000
0 0 0 0 0 0 0 0
(374) 4,769 5,435 6,089 7,704 9,213 10,058 11,055
 4,137 3,930 3,803 3,677 3,552 3,430 3,309 3,194
19,969 30,556 29,410 24,483 19,408 7,369 6,556 5,427
18,514 25,458 24,044 18,169 13,421 2,147 1,358 677
1,455 5,098 5,366 6,314 5,987 5,222 5,198 4,750
223,732 239,255 238,648 234,249 230,664 220,012 219,923 219,676
64,846 161,908 158,615 201,496 204,656 195,772 197,128 198,381
9,055 111,889 103,209 138,935 133,327 173,977 173,334 177,409
55,791 50,019 55,406 62,561 71,329 21,795 23,794 20,972
158,886 77,347 80,033 32,753 26,008 24,240 22,795 21,295
108,886 32,212 30,066 27,953 26,008 24,240 22,795 21,295
50,000 45,135 49,967 4,800 0 0 0 0

7,556 11,225 19,146 20,237 28,848 25,095 28,419 28,500

10,206 12,752 18,270 18,608 27,444 24,098 27,059 27,566
(5,084) (1,527) 876 1,629 1,404 997 1,360 934
(177) (5,263) 538 529 1,490 1,386 725 882

200 200 200 200 200 200 200 200

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,746 13,725 (3,680) 35,757 (5,608) 2,433 23 4,074

0.00 -0.03 0.00 0.00 0.01 0.01 0.00 0.00

-0.02 -0.01 0.00 0.01 0.01 0.00 0.01 0.00
0.00 -0.02 0.00 0.00 0.01 0.01 0.00 0.00
-2.01 -8.35 20.86 11.42 19.55 24.17 19.90 29.51
-0.89 -26.32 2.69 2.65 7.45 6.93 3.63 4.41

0.04 0.47 0.43 0.59 0.58 0.79 0.79 0.81

3.50 6.36 6.60 11.09 15.25 91.18 145.16 293.03
0.09 0.13 0.12 0.10 0.08 0.03 0.03 0.02

0.89 0.86 0.86 0.88 0.90 0.95 0.96 0.96

998.13 1023.85 1027.18 1030.45 1038.52 1046.07 1050.29 1055.28

-9.86 -2.61 -6.84 67.59 -3.76 1.76 0.03 4.62

0.09 0.54 -0.15 1.97 -0.42 1.13 0.02 6.02

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
205,015 204,574 206,317 206,399 206,377 203,163 207,879 212,254
205,410 205,410 205,410 205,410 205,410 205,410 205,410 205,410
0 0 0 0 0 0 0 0
(395) (836) 907 989 967 (2,247) 2,469 6,844
0 0 0 0 0 0 0 0
276 677 1,502 639 1,008 729 4,210 4,458
276 677 1,502 639 695 729 4,210 4,458
 0 0 0 0 313 0 0 0
205,291 205,251 207,819 207,038 207,385 203,892 212,089 216,712
145,122 146,111 147,603 148,729 150,003 145,026 150,364 151,044
141,403 141,695 144,703 145,700 147,132 142,081 144,890 146,646
3,719 4,416 2,900 3,029 2,871 2,945 5,474 4,398
60,169 59,140 60,216 58,309 57,382 58,866 61,725 65,668
7,132 6,317 5,598 5,075 4,562 6,186 7,128 12,032
53,037 52,823 54,618 53,234 52,820 52,680 54,597 53,636

4,477 10,947 13,978 11,186 12,640 14,493 55,961 72,004

8,616 11,017 11,654 10,185 11,762 19,245 49,721 66,736
2,481 (70) 2,324 1,001 878 (4,752) 6,240 5,268
3,783 (441) 1,744 82 (23) (3,214) 4,716 4,375

2,054 2,054 2,054 2,054 2,054 2,054 2,054 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2,898 788 (2,650) (3,663) (3,563) (4,948) 6,770 4,858

0.02 0.00 0.01 0.00 0.00 -0.02 0.02 0.02

0.01 0.00 0.01 0.00 0.00 -0.02 0.03 0.02
0.02 0.00 0.01 0.00 0.00 -0.02 0.02 0.02
3.47 -157.39 5.01 10.17 13.40 -4.05 7.97 12.67
1.84 -0.21 0.85 0.04 -0.01 -1.56 2.30 -

0.69 0.69 0.70 0.70 0.71 0.70 0.68 0.68

525.80 215.82 98.27 232.75 215.83 198.94 35.72 33.88
0.00 0.00 0.01 0.00 0.00 0.00 0.02 0.02

1.00 1.00 0.99 1.00 1.00 1.00 0.98 0.98

99.81 99.60 100.44 100.48 100.47 98.91 101.21 -

0.77 -1.79 -1.52 -44.67 154.91 1.54 1.44 1.11

10.50 1.16 -1.76 -5.73 -5.13 -6.79 1.61 1.09

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
195,581 211,852 213,423 186,314 198,077 200,005 177,252 262,656
200,000 200,000 200,000 200,000 200,000 200,000 200,000 300,000
0 0 0 0 0 0 0 0
(4,419) 11,852 13,423 (13,686) (1,923) 5 (22,748) (37,344)
0 0 0 0 0 0 0 0
41,601 38,161 19,861 17,747 11,993 6,935 2,704 3,700
41,601 38,161 19,861 17,584 11,563 6,935 2,704 3,700
0 0 0 163 430 0 0 0
237,182 250,013 233,284 204,061 210,070 206,940 179,956 266,356
181,454 195,763 174,862 145,089 153,473 149,677 123,225 186,786
175,204 184,826 170,674 139,214 146,407 142,365 23,171 84,910
6,250 10,937 4,188 5,875 7,066 7,312 100,054 101,876
55,728 54,250 58,422 58,972 56,597 57,263 56,731 79,570
5,180 4,214 6,617 6,049 4,813 4,722 3,311 2,263
50,548 50,036 51,805 52,923 51,784 52,541 53,420 77,307

2,594 61,818 74,219 39,723 82,346 69,065 40,149 26,531

5,548 48,951 70,668 66,304 69,896 65,871 62,241 41,071
3,455 12,867 3,551 (26,581) 12,450 3,194 (22,092) (14,540)
2,245 16,271 1,571 (27,108) 11,763 1,927 (22,752) (14,596)

20,000 20,000 20,000 20,000 20,000 20,000 20,000 30,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11,478 2,833 (15,876) (34,103) 1,475 (4,187) (119,462) (14,327)

0.01 0.08 0.01 -0.15 0.06 0.01 -0.13 -0.06

0.02 0.06 0.02 -0.14 0.06 0.02 -0.12 -0.06
0.01 0.07 0.01 -0.13 0.06 0.01 -0.13 -0.05
1.61 3.80 19.90 -2.49 5.61 20.62 -2.82 -2.82
0.11 0.81 0.08 -1.36 0.59 0.10 -1.14 -0.49

0.74 0.74 0.73 0.68 0.70 0.69 0.13 0.32

4.36 5.13 8.80 8.25 13.27 21.58 45.57 50.48
0.18 0.15 0.09 0.09 0.06 0.03 0.02 0.01

0.82 0.85 0.91 0.91 0.94 0.97 0.99 0.99

9.78 10.59 10.67 9.32 9.90 10.00 8.86 8.76

5.11 0.17 -10.11 1.26 0.13 -2.17 5.25 0.98

0.28 0.07 -0.80 -1.94 0.13 -0.60 -44.18 -3.87

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
94,580 105,268 103,906 195,645 194,100 200,022 194,104 205,851
100,000 105,500 105,500 200,500 200,500 200,500 200,500 206,500
0 0 0 - 0 0 0 0
(5,420) (232) (1,594) (4,855) (6,400) (478) (6,396) (649)
0 0 0 - 0 0 0 0
574 2,464 3,934 6,125 19,492 19,108 18,699 34,895
574 2,464 2,154 2,213 17,177 16,572 15,812 30,324
0 0 1,780 3,912 2,315 2,536 2,887 4,571
95,154 107,732 107,840 201,770 213,592 219,130 212,803 240,746
64,947 72,926 73,187 144,065 153,148 159,113 146,579 160,048
64,457 72,068 71,531 139,708 145,090 147,981 135,156 142,082
490 858 1,656 4,357 8,058 11,132 11,423 17,966
30,207 34,806 34,653 57,705 60,444 60,017 66,224 80,698
 4,535 6,124 7,619 6,592 8,193 7,564 10,961 20,217
25,672 28,682 27,034 51,113 52,251 52,453 55,263 60,481

1,681 19,354 29,756 27,897 30,592 40,997 32,106 70,336

5,798 15,928 28,140 31,210 18,712 34,099 37,506 62,087
(4,582) 3,426 1,616 (3,313) (1,349) 6,897 (5,400) 8,249
(4,599) 5,188 (1,362) (3,260) (1,546) 5,922 (5,918) 5,746

10,000 10,550 10,550 20,050 20,050 20,050 20,050 20,650

0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
(4,893) 5,715 2,078 (4,252) (662) 3,595 7,862 12,669

-0.05 0.05 -0.01 -0.02 -0.01 0.03 -0.03 0.03

-0.05 0.03 0.02 -0.02 -0.01 0.03 -0.03 0.04
-0.05 0.05 -0.01 -0.02 -0.01 0.03 -0.03 0.02
-1.27 4.65 17.41 -9.42 -13.87 4.94 -6.95 7.53
-0.46 0.49 -0.13 -0.16 -0.08 0.30 -0.30 0.28

0.68 0.67 0.66 0.69 0.68 0.68 0.64 0.59

113.15 29.60 33.98 65.10 8.92 9.60 9.27 5.28
0.01 0.02 0.04 0.03 0.09 0.09 0.09 0.14

0.99 0.98 0.96 0.97 0.91 0.91 0.91 0.86

9.46 9.98 9.85 9.76 9.68 9.98 9.68 9.97

1.06 1.10 -1.53 1.30 0.43 0.61 -1.33 2.20

-8.52 2.32 0.96 -1.92 -0.04 0.22 0.50 0.42

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
297,658 400,019 420,391 442,877 661,502 789,784 826,521 872,708
300,000 400,000 400,000 400,000 600,000 700,000 700,000 700,000
0 0 0 0 0 0 0 0
(2,342) 19 20,391 42,877 61,502 89,784 126,521 172,708
0 0 0 0 0 0 0 0
(1,780) 20,385 22,852 23,839 37,486 34,209 39,374 30,587
(3,967) 18,398 20,865 22,660 34,455 31,722 36,887 28,100
2,187 1,987 1,987 1,179 3,031 2,487 2,487 2,487
295,878 420,404 443,243 466,716 698,988 823,993 865,895 903,295
156,186 255,607 276,033 307,003 475,757 557,062 602,173 636,940
61,663 68,577 221,664 300,580 465,923 548,572 583,004 604,738
94,523 187,030 54,369 6,423 9,834 8,490 19,169 32,202
139,692 164,797 167,210 159,713 223,231 266,931 263,722 266,355
50,402 52,270 51,421 46,161 61,365 75,083 70,053 68,122
89,290 112,527 115,789 113,552 161,866 191,848 193,669 198,233
143,169 198,269 204,204 209,069 272,252 296,986 353,935 403,759
138,444 171,966 179,856 184,561 241,443 255,395 300,686 337,785
15,105 26,302 24,348 24,508 30,809 41,591 53,249 65,974
13,674 2,361 20,372 22,486 18,625 28,282 36,736 46,187

3,000 4,000 4,000 4,000 6,000 7,000 7,000 7,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
42,723 (56,916) 164,744 37,666 38,365 38,755 46,276 38,694

0.05 0.01 0.05 0.05 0.03 0.04 0.04 0.05

0.05 0.07 0.06 0.06 0.05 0.05 0.06 0.08
0.05 0.01 0.05 0.05 0.03 0.03 0.04 0.05
9.17 6.54 7.39 7.53 7.84 6.14 5.65 5.12
4.56 0.59 5.09 5.62 3.10 4.04 5.25 6.60

0.21 0.16 0.50 0.64 0.67 0.67 0.67 0.67

-39.37 13.89 13.23 13.55 13.81 17.56 16.32 22.67
-0.01 0.05 0.05 0.05 0.05 0.04 0.05 0.03

1.01 0.95 0.95 0.95 0.95 0.96 0.95 0.97

99.22 100.00 105.10 110.72 110.25 112.83 118.07 124.67

3.12 -24.11 8.09 1.68 2.06 1.37 1.26 0.84

-10.77 -3.09 7.90 1.66 1.11 1.22 1.25 1.38

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
196,669 181,511 167,732 178,547 186,373 202,003 264,120 313,354
200,000 200,000 200,000 200,000 200,000 200,000 250,000 275,000
0 0 0 0 0 0 0 0
(3,331) (18,489) (32,268) (21,453) (13,627) 2,003 14,120 38,354
0 0 0 0 0 0 0 0
4,467 5,365 8,380 16,255 21,654 26,048 24,880 39,401
1,467 1,365 4,380 5,655 5,394 11,788 11,620 28,141
3,000 4,000 4,000 10,600 16,260 14,260 13,260 11,260
201,136 186,876 176,112 194,802 208,027 228,051 289,000 352,755
134,683 121,554 111,149 126,158 140,754 157,911 200,583 258,899
67,965 83,178 99,811 112,486 126,723 132,859 183,627 216,380
66,718 38,376 11,338 13,672 14,031 25,052 16,956 42,519
66,453 65,322 64,963 68,644 67,273 70,140 88,417 93,856
14,457 12,549 11,100 13,433 12,097 15,043 16,654 18,094
51,996 52,773 53,863 55,211 55,176 55,097 71,763 75,762

17,258 11,701 10,575 42,848 46,481 65,286 87,054 134,879

25,525 24,144 24,328 31,604 35,266 46,455 65,912 103,704
(10,059) (12,442) (13,753) 11,244 11,215 18,831 21,142 31,175
(10,264) (15,158) (13,780) 10,816 7,826 15,630 12,118 24,195

20,000 20,000 20,000 20,000 20,000 20,000 25,000 27,500

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(85,084) 16,193 17,247 11,741 8,960 14,426 22,846 18,725

-0.05 -0.08 -0.08 0.06 0.04 0.08 0.05 0.08

-0.05 -0.07 -0.08 0.06 0.06 0.09 0.08 0.10
-0.05 -0.08 -0.08 0.06 0.04 0.07 0.04 0.07
-2.54 -1.94 -1.77 2.81 3.14 2.47 3.12 3.33
-0.51 -0.76 -0.69 0.54 0.39 0.78 0.48 0.88

0.34 0.45 0.57 0.58 0.61 0.58 0.64 0.61

91.81 89.05 25.38 22.31 26.09 13.40 17.26 9.20
0.02 0.03 0.05 0.08 0.10 0.11 0.09 0.11

0.98 0.97 0.95 0.92 0.90 0.89 0.91 0.89

9.83 9.08 8.39 8.93 9.32 10.10 10.56 11.39

8.29 -1.07 -1.25 1.09 1.14 0.92 1.89 0.77

-58.00 11.86 3.94 2.08 1.66 1.22 1.97 0.67

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
210,811 222,090 216,944 211,391 202,227 208,736 206,142 215,962
210,000 210,000 210,000 210,000 210,000 210,000 210,000 210,000
0 0 0 0 0 0 0 0
811 12,090 6,944 1,391 (7,773) (1,264) (3,858) 5,962
0 0 0 0 0 0 0 0
813 7,787 5,784 1,176 1,668 2,023 2,239 5,569
813 7,787 5,784 1,176 1,668 2,023 2,239 5,569
0 0 0 0 0 0 0 0
211,624 229,877 222,728 212,567 203,895 210,759 208,381 221,531
106,807 173,898 166,623 160,483 144,743 152,781 150,538 166,656
101,810 156,230 98,577 153,247 126,262 136,236 142,927 157,502
4,997 17,668 68,046 7,236 18,481 16,545 7,611 9,154
104,817 55,979 56,105 52,084 59,152 57,978 57,843 54,875
52,217 3,379 3,505 3,764 5,992 4,818 4,183 3,715
52,600 52,600 52,600 48,320 53,160 53,160 53,660 51,160

44,163 62,772 47,964 51,534 78,615 77,788 72,438 91,596

42,166 44,394 52,824 56,572 86,993 70,501 74,308 77,568
1,997 18,378 4,860 (5,038) (8,378) 7,287 (1,870) 14,028
1,532 16,274 (5,146) (5,554) (9,164) 6,509 (2,594) 9,820

21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000

 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2,746 (11,993) (2,133) (15,102) (26,860) 7,561 5,404 11,766

0.01 0.07 -0.02 -0.03 -0.05 0.03 -0.01 0.05

0.01 0.08 0.02 -0.02 -0.04 0.03 -0.01 0.07
0.01 0.07 -0.02 -0.03 -0.04 0.03 -0.01 0.04
21.11 2.42 10.87 -11.23 -10.38 9.67 -39.74 5.53
0.07 0.77 -0.25 -0.26 -0.44 0.31 -0.12 0.47

0.48 0.68 0.44 0.72 0.62 0.65 0.69 0.71

131.37 22.33 28.81 136.47 86.78 75.52 67.23 29.93
0.00 0.03 0.03 0.01 0.01 0.01 0.01 0.03

1.00 0.97 0.97 0.99 0.99 0.99 0.99 0.97

10.04 10.58 10.33 10.07 9.63 9.94 9.82 10.28

1.79 -0.74 0.41 2.72 2.93 1.16 -2.08 1.20

3.38 -1.54 -0.37 -12.84 -16.10 3.74 2.41 2.11

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
386,019 436,017 453,587 464,070 483,050 492,950 507,963 560,941
300,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000
65,000 10,900 10,900 10,900 10,900 10,900 10,900 10,900
21,019 25,117 42,687 53,170 72,150 82,050 97,063 150,041
0 0 0 0 - 0 0 0
17,124 59,913 51,695 57,375 64,268 49,114 49,388 86,929
16,048 52,652 50,005 54,542 60,751 37,110 37,159 62,614
1,076 7,261 1,690 2,833 3,517 12,004 12,229 24,315
403,143 495,930 505,282 521,445 547,318 542,064 557,351 647,870
309,252 377,472 386,018 499,796 525,747 419,572 435,631 619,722
292,911 338,515 338,578 350,543 376,418 374,100 389,577 467,897
16,341 38,957 47,440 149,253 149,329 45,472 46,054 151,825
93,891 118,458 119,264 21,649 21,571 122,492 121,720 28,148
12,425 12,878 12,465 21,649 15,801 20,990 19,983 23,681
81,466 105,580 106,799 0 5,770 101,502 101,737 4,467

101,574 113,977 100,826 97,875 103,854 100,896 108,330 200,977

55,800 73,945 73,535 80,331 75,224 85,421 87,819 125,138
33,145 40,032 27,291 17,544 28,630 15,474 20,511 75,839
20,382 24,999 17,570 10,483 18,981 9,900 15,013 52,978

300 400 400 400 400 400 400 400

0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
(26,630) 41,553 1,137 18,587 28,530 15,937 17,252 85,402
 5.28% 5.73% 3.87% 2.26% 3.93% 2.01% 2.96% 9.44%
0.09 0.09 0.06 0.04 0.06 0.03 0.04 0.13
0.05 0.05 0.03 0.02 0.03 0.02 0.03 0.08
1.68 1.85 2.69 4.58 2.63 5.52 4.28 1.65
67.94 62.50 43.93 26.21 47.45 24.75 37.53 132.45

0.73 0.68 0.67 0.67 0.69 0.69 0.70 0.72

19.27 7.17 7.72 9.16 8.65 11.31 11.72 9.90
0.04 0.12 0.10 0.11 0.12 0.09 0.09 0.13

0.96 0.88 0.90 0.89 0.88 0.91 0.91 0.87

1286.73 1090.04 1133.97 1160.18 1207.63 1232.38 1269.91 1402.35

-1.31 1.66 0.06 1.77 1.50 1.61 1.15 1.61

-1.66 0.79 0.02 0.34 0.47 0.43 0.46 1.36

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
535,043 559,779 601,903 651,462 705,472 785,952 859,697 1,073,105
400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000
0 0 0 0 0 0 0 0
135,043 159,779 201,903 251,462 305,472 385,952 459,697 673,105
0 0 0 0 0 0 0 0
10,728 7,915 12,020 32,683 93,573 26,019 39,708 63,800
9,588 7,735 11,729 32,185 93,550 26,019 39,708 63,800
1,140 180 291 498 23 0 0 0
545,771 567,694 613,923 684,145 799,045 811,971 899,405 1,136,905
425,978 451,583 494,653 642,283 709,131 696,714 871,478 1,005,591
364,116 385,617 380,226 547,142 436,338 646,566 665,271 536,563
61,862 65,966 114,427 95,141 272,793 50,148 206,207 469,028
119,793 116,111 119,270 41,862 89,914 115,257 27,927 131,314
14,151 11,451 13,197 16,684 16,378 14,417 25,949 24,919
105,642 104,660 106,073 25,178 73,536 100,840 1,978 106,395

131,400 112,886 156,642 184,247 191,930 243,106 255,391 496,404

65,781 74,672 91,519 108,467 111,602 122,729 150,665 201,267
65,618 38,214 65,123 75,780 80,329 120,377 104,726 305,078
41,621 24,735 42,124 49,559 54,010 80,479 73,745 213,408

40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
59,817 23,951 1,353 161,910 (106,577) 204,446 25,933 (125,680)

0.08 0.04 0.07 0.08 0.08 0.10 0.09 0.20

0.12 0.07 0.11 0.12 0.11 0.15 0.12 0.28
 0.08 0.04 0.07 0.07 0.07 0.10 0.08 0.19
1.00 1.95 1.41 1.43 1.39 1.02 1.44 0.66
1.04 0.62 1.05 1.24 1.35 2.01 1.84 5.34

0.67 0.68 0.62 0.80 0.55 0.80 0.74 0.47

44.43 58.38 42.17 19.96 7.58 26.78 21.95 15.76
0.02 0.01 0.02 0.05 0.12 0.03 0.04 0.06

0.98 0.99 0.98 0.95 0.88 0.97 0.96 0.94

13.38 13.99 15.05 16.29 17.64 19.65 21.49 26.83

1.44 0.97 0.03 3.27 -1.97 2.54 0.35 -0.59

6.24 3.10 0.12 5.03 -1.14 7.86 0.65 -1.97

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
376,192 364,860 363,364 375,925 389,460 513,843 548,708 615,922
200,000 200,000 200,000 300,000 300,000 400,000 400,000 500,000
0 0 134,860 63,363 75,925 89,460 113,843 48,708
176,192 164,860 28,504 12,562 13,535 24,383 34,865 67,214
0 0 0 0 0 0 0 0
66,654 83,205 100,025 99,051 118,289 129,561 128,295 120,659
59,657 74,710 91,173 92,486 111,545 121,384 122,937 114,833
6,997 8,495 8,852 6,565 6,744 8,177 5,358 5,826
442,846 448,065 463,389 474,976 507,749 643,404 677,003 736,581
362,070 367,281 383,809 423,962 410,812 545,699 550,596 583,774
201,968 197,337 241,872 252,715 261,783 350,569 398,363 207,971
160,102 169,944 141,937 171,247 149,029 195,130 152,233 375,803
80,776 80,784 79,580 51,014 96,937 97,705 126,407 152,807
30,037 29,371 28,218 26,006 23,038 19,530 19,975 20,586
50,739 51,413 51,362 25,008 73,899 78,175 106,432 132,221

173,700 220,240 225,424 237,038 199,580 230,879 274,944 344,177

128,095 171,115 180,569 199,102 173,040 193,523 228,024 247,339
47,087 49,125 44,855 37,936 26,540 37,356 46,920 96,839
24,844 10,669 28,503 12,562 13,535 24,383 34,865 67,214

20,000 20,000 20,000 30,000 30,000 40,000 40,000 50,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
60,330 20,321 75,815 (14,374) 59,188 (13,300) 79,204 (166,144)

0.07 0.03 0.08 0.03 0.03 0.05 0.06 0.11

0.12 0.13 0.12 0.10 0.07 0.07 0.08 0.16
0.06 0.02 0.06 0.03 0.03 0.04 0.05 0.09
2.72 3.48 4.03 5.25 6.52 5.18 4.86 2.55
1.24 0.53 1.43 0.42 0.45 0.61 0.87 1.34
 0.46 0.44 0.52 0.53 0.52 0.54 0.59 0.28
6.07 4.92 4.21 4.58 3.68 4.50 4.48 5.08
0.15 0.19 0.22 0.21 0.23 0.20 0.19 0.16

0.85 0.81 0.78 0.79 0.77 0.80 0.81 0.84

18.81 18.24 18.17 12.53 12.98 12.85 13.72 12.32

2.43 1.90 2.66 -1.14 4.37 -0.55 2.27 -2.47

1.01 0.27 0.83 -0.16 0.53 -0.11 0.64 -1.45

(Thousand Rupees)
Not available Not available 2013 2014 2015 2016 2017 2018
72,964 144,460 134,144 177,184 413,478 596,572
100,000 210,000 210,000 235,000 400,000 537,500
0 - - 0 0 0
(27,036) (65,540) (75,856) (57,816) 13,478 59,072
10,000 - 3,000 43,750 3,750 3,000
1,933 7,491 74,414 20,193 37,931 204,163
1,933 2,521 9,644 11,009 16,120 165,369
0 4,970 64,770 9,184 21,811 38,794
84,897 151,951 211,558 241,127 455,159 803,735
34,534 79,275 127,288 139,956 286,134 610,425
10,484 65,294 111,206 101,201 199,306 503,873
24,050 13,981 16,082 38,755 86,828 106,552
50,363 72,676 84,270 101,171 169,025 193,310
6,783 8,506 12,944 22,381 29,875 51,771
43,580 64,170 71,326 78,790 139,150 141,539

3,744 10,966 51,515 128,460 226,877 494,123

30,761 49,423 61,328 106,726 155,524 412,538
(27,017) (38,457) (9,813) 21,734 71,353 81,585
(27,036) (38,504) (10,315) 18,040 71,293 45,593

10,000 21,000 21,000 23,500 40,000 53,750

0.00 - - 0.00 0.00 0.00
0.00 - - 0.00 0.00 0.00
(45,541) (39,007) (461) 4,917 22,002 244,761

-0.37 -0.27 -0.08 0.10 0.17 0.08

-0.33 -0.26 -0.05 0.09 0.16 0.13
-0.32 -0.25 -0.05 0.07 0.16 0.06
-1.14 -1.29 -6.25 4.91 2.18 5.06
-2.70 -1.83 -0.49 0.77 1.78 0.85

0.12 0.43 0.53 0.42 0.44 0.63

17.87 31.45 13.20 12.71 17.75 3.69
 0.02 0.05 0.35 0.08 0.08 0.25

0.86 0.95 0.63 0.73 0.91 0.74

7.30 6.88 6.39 7.54 10.34 11.10

1.68 1.01 0.04 0.27 0.31 5.37

-23.56 -15.47 -0.05 0.45 1.36 1.48

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
215,292 336,076 343,290 351,324 358,614 370,716 586,255 609,321
200,000 300,000 300,000 300,000 300,000 300,000 500,000 500,000
0 0 0 - 0 0 0 0
15,292 36,076 43,290 51,324 58,614 70,716 86,255 109,321
0 0 0 - 0 0 0 0
64,009 1,252 30,640 4,011 32,302 159,560 35,741 189,370
64,009 1,252 30,640 4,011 31,220 158,594 35,341 188,973
0 0 0 0 1,082 966 400 397
279,301 337,328 373,930 355,335 390,916 530,276 621,996 798,691
220,281 249,236 284,642 261,591 299,015 440,083 530,979 704,366
194,376 220,301 261,357 241,624 282,197 426,350 523,764 538,456
25,905 28,935 23,285 19,967 16,818 13,733 7,215 165,910
59,020 88,092 89,288 93,744 91,901 90,193 91,017 94,325
7,802 12,244 12,728 15,336 14,273 12,565 13,539 16,948
51,218 75,848 76,560 78,408 77,628 77,628 77,478 77,377

39,974 65,063 62,688 65,924 85,445 98,540 107,814 131,199

45,855 44,192 51,406 53,751 72,873 80,785 86,590 98,033
803 20,871 11,282 12,173 12,572 17,755 21,224 33,166
803 20,871 7,333 8,034 8,433 12,102 15,539 23,066

200 300 300 300 300 300 500 500

0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
40,661 (44,432) 44,407 (14,959) 42,007 138,598 (103,883) 15,123

0.00 0.06 0.02 0.02 0.02 0.03 0.03 0.04

0.00 0.06 0.03 0.03 0.04 0.05 0.04 0.05
0.00 0.06 0.02 0.02 0.02 0.02 0.03 0.03
57.10 2.12 4.56 4.42 5.80 4.55 4.08 2.96
4.02 69.57 24.44 26.78 28.11 40.34 31.08 46.13

0.70 0.65 0.70 0.68 0.72 0.80 0.84 0.67

3.44 199.07 9.29 65.22 9.58 2.77 15.02 3.73
0.23 0.00 0.08 0.01 0.08 0.30 0.06 0.24

0.77 1.00 0.92 0.99 0.92 0.70 0.94 0.76

1076.46 1120.25 1144.30 1171.08 1195.38 1235.72 1172.51 1218.64

50.64 -2.13 6.06 -1.86 4.98 11.45 -6.69 0.66

0.64 -35.49 1.45 -3.73 1.35 0.87 -2.94 0.08

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
555,244 594,176 689,761 717,267 767,787 812,568 864,620 1,006,832
300,000 405,000 556,875 556,875 556,875 556,875 556,875 857,587
0 151,875 0 0 0 0 0 0
255,244 37,301 132,886 160,392 210,912 255,693 307,745 149,245
22,218 40,091 1,638 9,429 2,643 0 0 0
229,327 152,337 75,699 20,202 21,815 24,021 12,345 18,995
109,200 114,094 74,146 9,174 9,649 13,223 1,824 5,790
120,127 38,243 1,553 11,028 12,166 10,798 10,521 13,205
806,789 786,604 767,098 746,898 792,245 836,589 876,965 1,025,827
794,898 771,885 745,821 723,518 766,402 813,770 862,229 864,281
62,407 166,553 270,389 219,245 301,594 403,358 457,650 521,305
732,491 605,332 475,432 504,273 464,808 410,412 404,579 342,976
11,891 14,719 21,277 23,380 25,843 22,819 14,736 161,546
10,552 12,674 18,878 21,049 22,647 19,623 11,820 12,432
1,339 2,045 2,399 2,331 3,196 3,196 2,916 149,114

126,533 148,003 229,777 139,332 183,529 185,828 195,276 337,899

53,650 83,056 98,914 97,759 109,569 122,910 124,259 141,122
43,703 64,947 130,863 41,573 73,960 62,917 71,017 196,777
20,648 38,932 95,585 27,506 50,520 44,781 52,052 142,213

30,000 40,500 55,688 55,688 55,688 55,688 55,688 85,759

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14,104 38,619 (21,527) 59,985 11,817 (108,418) (32,513) 124,107

0.04 0.07 0.14 0.04 0.07 0.06 0.06 0.14

0.06 0.10 0.19 0.06 0.09 0.08 0.08 0.19
0.03 0.05 0.12 0.04 0.06 0.05 0.06 0.14
1.23 1.28 0.76 2.35 1.48 1.95 1.75 0.72
0.69 0.96 1.72 0.49 0.91 0.80 0.93 1.66

0.08 0.21 0.35 0.29 0.38 0.48 0.52 0.51

7.28 6.77 10.06 78.87 79.43 61.54 472.71 149.27
0.28 0.19 0.10 0.03 0.03 0.03 0.01 0.02

0.69 0.76 0.90 0.96 0.97 0.97 0.99 0.98

18.51 14.67 12.39 12.88 13.79 14.59 15.53 11.74

0.68 0.99 -0.23 2.18 0.23 -2.42 -0.62 0.87

 0.13 0.34 -0.29 6.54 1.22 -8.20 -17.83 21.43

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
180,614 185,970 199,290 196,949 184,637 213,784 209,453 208,728
200,000 200,000 200,000 200,000 200,000 210,000 210,000 210,000
0 0 0 0 0 0 0 0
(19,386) (14,030) (710) (3,051) (15,363) 3,784 (547) (1,272)
1,200 1,200 1,200 1,200 2,000 1,900 1,500 1,500
1,435 3,308 1,366 4,022 5,596 5,785 9,302 10,068
1,435 3,308 1,366 4,022 5,335 5,199 8,524 9,165
0 0 0 0 261 586 778 903
183,249 190,478 201,856 202,171 192,233 221,469 220,255 220,296
120,820 127,822 142,056 136,527 123,997 157,901 155,942 157,783
109,905 100,397 128,679 135,328 122,272 156,842 152,930 155,670
10,915 27,425 13,377 1,199 1,725 1,059 3,012 2,113
62,429 62,656 59,800 65,644 68,236 63,568 64,313 62,513
11,525 11,196 9,396 9,871 11,089 3,739 3,703 3,210
50,904 51,460 50,404 55,773 57,147 59,829 60,610 59,303

6,484 25,383 31,515 17,515 11,925 47,928 30,700 36,685

19,548 20,052 17,619 17,079 24,144 24,859 34,132 36,962
(9,137) 5,331 13,896 436 (12,219) 23,069 (3,532) (277)
(9,209) 5,356 13,320 (2,341) (12,312) 19,147 (4,331) (724)

2,000 2,000 2,000 2,000 2,000 2,100 2,100 2,100

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(17,108) (16,092) 19,868 5,526 (10,484) 2,573 (2,108) 1,544

-0.05 0.03 0.07 -0.01 -0.07 0.09 -0.02 0.00

-0.05 0.03 0.07 0.00 -0.07 0.11 -0.02 0.00
-0.05 0.03 0.07 -0.01 -0.06 0.09 -0.02 0.00
-2.14 3.76 1.27 39.17 -1.98 1.08 -9.66 -133.44
-4.60 2.68 6.66 -1.17 -6.16 9.12 -2.06 -0.34

0.60 0.53 0.64 0.67 0.64 0.71 0.69 0.71

84.20 38.64 103.99 33.95 23.24 30.37 18.29 17.22
0.01 0.02 0.01 0.02 0.03 0.03 0.04 0.05

0.99 0.98 0.99 0.97 0.96 0.97 0.95 0.95

90.31 92.99 99.65 98.47 92.32 101.80 99.74 99.39

1.86 -3.00 1.49 -2.36 0.85 0.13 0.49 -2.13

-11.92 -4.86 14.54 1.37 -1.97 0.49 -0.25 0.17

(Thousand Rupees)
 2011 2012 2013 2014 2015 2016 2017 2018
205,743 208,581 210,549 220,305 227,840 235,010 236,337 237,247
250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000
0 0 0 0 0 0 0 0
(44,257) (41,419) (39,451) (29,695) (22,160) (14,990) (13,663) (12,753)
0 0 0 0 0 0 0 0
36,957 3,312 18,958 14,521 3,324 6,519 8,819 7,470
3,630 2,480 8,766 14,521 3,324 5,072 4,868 5,237
33,327 832 10,192 0 0 1,447 3,951 2,233
242,700 211,893 229,507 234,826 231,164 241,529 245,156 244,717
115,773 72,605 74,960 80,603 83,769 93,232 94,691 90,497
77,890 34,793 39,316 28,782 36,308 57,258 45,126 47,479
37,883 37,812 35,644 51,821 47,461 35,974 49,565 43,018
126,927 139,288 154,547 154,223 147,395 148,297 150,465 154,220
67,279 65,653 63,330 66,023 65,435 73,269 70,306 73,479
59,648 73,635 91,217 88,200 81,960 75,028 80,159 80,741

75,339 84,468 88,224 110,439 117,851 128,343 141,292 144,983

72,570 79,745 86,712 98,684 109,138 119,705 138,307 141,894
8,214 4,723 1,512 11,755 8,713 8,638 2,985 3,089
7,406 2,837 1,968 9,757 7,535 7,170 1,327 909

2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0 4,910 1,564 764 15,970 24,208 (8,754) 10,920

0.04 0.01 0.01 0.04 0.03 0.03 0.01 0.00

0.03 0.02 0.01 0.05 0.04 0.04 0.01 0.01
0.03 0.01 0.01 0.04 0.03 0.03 0.01 0.00
8.83 16.88 57.35 8.40 12.53 13.86 46.33 45.94
2.96 1.13 0.79 3.90 3.01 2.87 0.53 0.36

0.32 0.16 0.17 0.12 0.16 0.24 0.18 0.19

31.89 29.28 8.55 5.55 25.20 18.38 19.45 17.28
0.15 0.02 0.08 0.06 0.01 0.03 0.04 0.03

0.85 0.98 0.92 0.94 0.99 0.97 0.96 0.97

82.30 83.43 84.22 88.12 91.14 94.00 94.53 94.90

0.00 1.73 0.79 0.08 2.12 3.38 -6.60 12.01

0.00 1.98 0.18 0.05 4.80 4.77 -1.80 2.09

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
413,441 428,564 440,658 571,233 816,801 819,037 829,184 832,126
400,000 400,000 400,000 550,000 800,000 800,000 800,000 800,000
 0 0 0 0 0 0 0 0
13,441 28,564 40,658 21,233 16,801 19,037 29,184 32,126
0 0 0 0 0 0 0 0
273,121 278,107 370,636 455,519 356,148 572,629 644,211 651,844
237,727 244,998 329,659 401,234 275,225 466,596 516,671 499,776
35,394 33,109 40,977 54,285 80,923 106,033 127,540 152,068
686,562 706,671 811,294 1,026,752 1,172,949 1,391,666 1,473,395 1,483,970
556,912 545,519 641,439 904,520 995,732 1,199,511 1,278,702 1,347,711
459,776 380,689 497,347 533,303 762,647 869,963 1,151,268 846,239
97,136 164,830 144,092 371,217 233,085 329,548 127,434 501,472
129,650 161,152 169,855 122,232 177,217 192,155 194,693 136,259
46,550 53,650 65,497 73,491 74,373 80,246 77,913 133,696
83,100 107,502 104,358 48,741 102,844 111,909 116,780 2,563

430,936 577,527 715,969 889,658 839,475 977,842 1,042,629 1,208,596

436,796 557,770 694,824 867,096 817,739 954,327 1,012,961 1,145,950
1,413 19,757 21,145 22,562 21,735 23,515 29,668 62,646
(7,529) 13,883 12,093 12,516 6,631 9,201 10,147 6,570

4,000 4,000 4,000 5,500 8,000 8,000 8,000 8,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
75,877 (38,242) 140,244 (33,760) 58,956 126,136 210,773 (154,293)

-0.02 0.03 0.03 0.02 0.01 0.01 0.01 0.01

0.00 0.04 0.04 0.04 0.02 0.03 0.03 0.06
-0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.00
309.13 28.23 32.86 38.43 37.62 40.58 34.14 18.29
-1.88 3.47 3.02 2.28 0.83 1.15 1.27 0.82

0.67 0.54 0.61 0.52 0.65 0.63 0.78 0.57

2.34 2.23 1.95 2.25 3.62 2.57 2.47 2.70
0.40 0.39 0.46 0.44 0.30 0.41 0.44 0.44

0.60 0.61 0.54 0.56 0.70 0.59 0.56 0.56

103.36 107.14 110.16 103.86 102.10 102.38 103.65 104.02

-10.08 -2.75 11.60 -2.70 8.89 13.71 20.77 -23.48

0.32 -0.16 0.43 -0.08 0.21 0.27 0.41 -0.31

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
197,992 226,747 262,521 348,486 390,170 527,182 586,249 649,896
200,000 200,000 200,000 345,000 345,000 435,000 435,000 435,000
0 0 0 0 0 0 0 0
(2,008) 26,747 62,521 3,486 45,170 92,182 151,249 214,896
0 0 0 0 0 0 0 0
 91,615 64,339 76,430 99,102 129,123 171,832 288,451 202,203
49,251 16,119 23,309 15,197 25,196 75,169 213,073 148,930
42,364 48,220 53,121 83,905 103,927 96,663 75,378 53,273
289,607 291,086 338,951 447,588 519,293 699,014 874,700 852,099
168,440 180,010 228,067 321,827 353,089 539,010 686,982 672,523
130,454 112,660 157,682 231,109 269,449 450,620 234,104 322,953
37,986 67,350 70,385 90,718 83,640 88,390 452,878 349,570
121,167 111,076 110,884 125,761 166,204 160,004 187,718 179,576
61,435 55,563 57,504 57,040 74,302 69,872 73,527 66,523
59,732 55,513 53,380 68,721 91,902 90,132 114,191 113,053

31,454 85,255 112,034 130,515 156,479 195,758 204,756 264,164

33,807 45,017 69,911 81,037 114,215 146,213 137,480 182,475
(2,352) 40,239 42,123 49,478 42,264 49,545 67,276 81,689
694 28,755 35,774 45,965 41,684 47,012 59,066 63,647

20,000 20,000 20,000 34,500 34,500 43,500 43,500 43,500

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
28,793 (19,497) 48,342 26,088 65,837 99,950 (159,739) 124,422

0.00 0.13 0.14 0.13 0.11 0.09 0.10 0.10

-0.01 0.15 0.13 0.11 0.09 0.08 0.10 0.12
0.00 0.10 0.11 0.10 0.08 0.07 0.07 0.07
-14.37 1.12 1.66 1.64 2.70 2.95 2.04 2.23
0.03 1.44 1.79 1.33 1.21 1.08 1.36 1.46

0.45 0.39 0.47 0.52 0.52 0.64 0.27 0.38

3.42 11.17 9.78 21.18 14.01 7.17 3.22 4.52
0.32 0.22 0.23 0.22 0.25 0.25 0.33 0.24

0.68 0.78 0.77 0.78 0.75 0.75 0.67 0.76

9.90 11.34 13.13 10.10 11.31 12.12 13.48 14.94

41.49 -0.68 1.35 0.57 1.58 2.13 -2.70 1.95

0.58 -1.21 2.07 1.72 2.61 1.33 -0.75 0.84

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
92,707 84,354 97,142 201,916 191,647 193,556 206,141 218,857
100,000 100,000 100,000 200,000 200,000 200,000 200,000 200,000
0 0 0 0 0 0 0 0
(7,293) (15,646) (2,858) 1,916 (8,353) (6,444) 6,141 18,857
0 0 0 0 0 0 0 0
1,111 1,559 2,115 10,759 14,167 22,521 21,370 32,482
1,111 1,098 1,655 9,486 10,004 15,097 14,989 24,154
0 461 460 1,273 4,163 7,424 6,381 8,328
 93,818 85,913 99,257 212,675 205,814 216,077 227,511 251,339
55,884 51,789 66,510 151,017 130,123 138,991 145,538 168,813
54,897 50,425 63,730 92,449 115,359 114,617 124,898 125,848
987 1,364 2,780 58,568 14,764 24,374 20,640 42,965
37,934 34,124 32,747 61,658 75,691 77,086 81,973 82,526
7,760 7,047 6,252 8,827 12,384 12,558 16,096 18,156
30,174 27,077 26,495 52,831 63,307 64,528 65,877 64,370

47 15,444 40,676 35,647 34,604 63,475 83,050 130,744

11,237 19,289 27,695 30,596 48,943 61,824 70,855 111,700
(11,190) (3,845) 12,981 5,051 (14,339) 1,652 12,195 19,044
(7,293) (8,353) 12,788 4,774 (9,499) 1,660 10,296 12,685

100 100 100 200 200 200 200 200

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(10,776) (2,565) 12,262 (43,692) 30,795 (2,777) 14,696 3,418

-0.08 -0.10 0.13 0.02 -0.05 0.01 0.05 0.06

-0.12 -0.05 0.13 0.02 -0.07 0.01 0.06 0.08
-0.08 -0.10 0.13 0.02 -0.05 0.01 0.05 0.05
-1.00 -5.02 2.13 6.06 -3.41 37.42 5.81 5.87
-72.93 -83.53 127.88 23.87 -47.50 8.30 51.48 63.43

0.59 0.59 0.64 0.43 0.56 0.53 0.55 0.50

50.30 47.17 40.19 15.92 13.01 9.21 9.71 6.99
0.01 0.02 0.02 0.05 0.07 0.10 0.09 0.13

0.99 0.98 0.98 0.95 0.93 0.90 0.91 0.87

927.07 843.54 971.42 1009.58 958.24 967.78 1030.71 1094.29

1.48 0.31 0.96 -9.15 -3.24 -1.67 1.43 0.27

-9.70 -2.34 7.41 -4.61 3.08 -0.18 0.98 0.14

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
435,700 447,734 472,873 547,259 658,811 746,692 872,776 1,004,261
400,000 400,000 447,000 500,000 600,000 650,000 700,000 700,000
0 0 0 0 0 0 0 0
35,700 47,734 25,873 47,259 58,811 96,692 172,776 304,261
0 0 0 0 0 0 0 0
34,199 91,906 86,737 86,083 131,161 121,005 241,997 219,390
21,540 79,165 74,185 75,970 126,731 117,097 241,522 219,390
12,659 12,741 12,552 10,113 4,430 3,908 475 0
469,899 539,640 559,610 633,342 789,972 867,697 1,114,773 1,223,651
273,496 359,020 356,749 397,470 614,559 613,496 837,581 1,076,065
216,850 256,495 172,596 195,127 411,321 426,795 670,323 599,466
 56,646 102,525 184,153 202,343 203,238 186,701 167,258 476,599
196,403 180,620 202,861 235,872 175,413 254,201 277,192 147,586
79,925 79,020 84,453 106,962 107,652 111,762 112,072 109,940
116,478 101,600 118,408 128,910 67,761 142,439 165,120 37,646

120,631 167,414 223,090 279,208 332,105 399,341 500,014 668,215

114,723 149,490 185,050 244,247 313,003 345,726 394,465 480,764
14,549 17,924 38,040 34,961 19,102 53,615 105,549 187,451
11,179 12,034 25,139 21,387 11,552 37,881 76,086 131,485

4,000 4,000 4,470 5,000 6,000 6,500 7,000 7,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
29,703 43,676 (51,919) 20,475 156,239 (13,517) 79,168 74,816

0.03 0.03 0.05 0.04 0.02 0.05 0.09 0.13

0.03 0.04 0.08 0.06 0.03 0.07 0.12 0.19
0.02 0.02 0.04 0.03 0.01 0.04 0.07 0.11
7.89 8.34 4.86 6.99 16.39 6.45 3.74 2.56
2.79 3.01 5.62 4.28 1.93 5.83 10.87 18.78

0.46 0.48 0.31 0.31 0.52 0.49 0.60 0.49

12.70 4.54 4.81 5.23 4.85 5.24 3.47 4.90
0.07 0.17 0.16 0.14 0.17 0.14 0.22 0.18

0.93 0.83 0.85 0.86 0.83 0.86 0.78 0.82

108.93 111.93 105.79 109.45 109.80 114.88 124.68 143.47

2.66 3.63 -2.07 0.96 13.52 -0.36 1.04 0.57

1.38 0.55 -0.70 0.27 1.23 -0.12 0.33 0.34

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
208,955 207,906 201,312 206,475 204,361 202,010 201,381 201,975
200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000
0 0 0 0 0 0 0 0
8,955 7,906 1,312 6,475 4,361 2,010 1,381 1,975
0 0 0 0 0 0 0 0
582 763 249 168 128 133 149 499
464 763 249 168 128 133 149 499
118 0 0 0 0 0 0 0
209,537 208,669 201,561 206,643 204,489 202,143 201,530 202,474
155,287 155,428 148,918 154,754 152,494 150,970 149,786 147,156
151,779 152,748 146,017 152,228 149,916 149,135 146,875 146,367
3,508 2,680 2,901 2,526 2,578 1,835 2,911 789
54,250 53,241 52,643 51,889 51,995 51,173 51,744 55,318
3,947 2,841 2,005 1,342 907 846 1,396 4,254
 50,303 50,400 50,638 50,547 51,088 50,327 50,348 51,064

16,148 25,749 23,085 20,546 19,013 18,316 16,787 23,011

11,597 11,814 12,306 12,721 12,297 12,937 13,354 14,492
10,795 13,935 10,779 7,825 6,716 5,379 3,433 12,262
6,924 8,951 7,006 5,163 4,485 3,650 2,371 8,595

20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4,005 4,276 649 1,572 442 451 (1,327) 8,153

0.03 0.04 0.03 0.03 0.02 0.02 0.01 0.04

0.05 0.07 0.05 0.04 0.03 0.03 0.02 0.06
0.03 0.04 0.03 0.03 0.02 0.02 0.01 0.04
1.07 0.85 1.14 1.63 1.83 2.41 3.89 1.18
0.35 0.45 0.35 0.26 0.22 0.18 0.12 0.43

0.72 0.73 0.72 0.74 0.73 0.74 0.73 0.72

334.67 203.71 598.06 921.15 1191.36 1135.11 1005.28 294.90
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00

10.45 10.40 10.07 10.32 10.22 10.10 10.07 10.10

0.58 0.48 0.09 0.30 0.10 0.12 -0.56 0.95

8.63 5.60 2.61 9.36 3.45 3.39 -8.91 16.34

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
269,262 281,003 296,531 305,239 308,457 371,607 438,651 660,642
300,000 300,000 300,000 300,000 300,000 350,000 400,000 450,000
0 0 0 0 0 0 0 0
(30,738) (18,997) (3,469) 5,239 8,457 21,607 38,651 210,642
0 0 0 0 0 0 0 0
11,923 17,772 16,306 26,486 30,967 31,103 46,497 113,376
5,715 9,479 7,907 18,290 10,630 11,124 30,278 94,567
6,208 8,293 8,399 8,196 20,337 19,979 16,219 18,809
281,185 298,775 312,837 331,725 339,424 402,710 485,148 774,018
198,728 211,514 223,421 242,178 247,434 300,205 361,028 613,117
181,871 188,021 200,923 227,444 230,525 273,830 336,023 567,411
16,857 23,493 22,498 14,734 16,909 26,375 25,005 45,706
82,457 87,261 89,416 89,547 91,990 102,505 124,120 160,901
6,928 8,422 8,337 7,232 7,167 6,161 7,018 15,759
75,529 78,839 81,079 82,315 84,823 96,344 117,102 145,142

73,425 75,315 97,359 93,995 92,395 108,891 132,122 413,129

 66,581 61,419 82,159 80,530 86,943 93,305 104,993 167,100
6,845 13,896 15,200 13,465 5,452 15,586 27,128 246,029
4,367 11,742 15,527 8,709 3,218 13,149 17,044 171,992

3,000 3,000 3,000 3,000 3,000 3,500 4,000 4,500

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2,702 10,428 6,620 29,824 (4,543) 4,516 38,592 218,433

0.02 0.04 0.05 0.03 0.01 0.04 0.04 0.26

0.02 0.05 0.05 0.04 0.02 0.04 0.06 0.36
0.02 0.04 0.05 0.03 0.01 0.03 0.04 0.22
9.73 4.42 5.41 5.98 15.95 5.99 3.87 0.68
1.46 3.91 5.18 2.90 1.07 3.76 4.26 38.22

0.65 0.63 0.64 0.69 0.68 0.68 0.69 0.73

34.77 22.31 28.26 13.24 23.28 26.99 11.92 6.48
0.04 0.06 0.05 0.08 0.09 0.08 0.10 0.15

0.96 0.94 0.95 0.92 0.91 0.92 0.90 0.85

89.75 93.67 98.84 101.75 102.82 106.17 109.66 146.81

0.62 0.89 0.43 3.42 -1.41 0.34 2.26 1.27

0.47 1.10 0.84 1.63 -0.43 0.41 1.27 2.31

(Thousand Rupees)
Not available Not available 2013 2014 2015 2016 2017 2018
97,885 98,166 200,268 202,259 255,465 315,866
100,000 100,000 200,000 200,000 250,000 300,000
0 0 0 0 0 0
(2,115) (1,834) 268 2,259 5,465 15,866
0 2,500 2,000 2,000 2,000 1,000
300 3,283 7,474 10,008 25,313 33,194
300 3,283 7,202 7,118 19,903 24,819
0 0 272 2,890 5,410 8,375
98,185 103,949 209,742 214,267 282,778 350,060
38,866 39,818 112,005 100,467 148,285 199,376
38,813 38,655 108,374 91,385 134,043 189,422
53 1,163 3,631 9,082 14,242 9,954
59,319 64,131 97,737 113,800 134,493 150,684
31,268 33,462 38,823 41,430 47,747 47,832
28,051 30,669 58,914 72,370 86,746 102,852

446 15,746 40,654 93,097 116,539 180,139

2,556 15,304 38,149 90,170 110,700 160,878
(2,110) 442 2,505 2,927 5,839 19,261
(2,115) 281 2,102 1,991 3,206 10,401
 1,000 1,000 2,000 2,000 2,500 3,000
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
(1,206) 4,019 5,982 2,378 17,507 27,076

-0.02 0.00 0.01 0.01 0.01 0.03

-0.02 0.00 0.01 0.01 0.02 0.06
-0.02 0.00 0.01 0.01 0.01 0.03
-1.21 34.62 15.23 30.81 18.96 8.35
-2.12 0.28 1.05 1.00 1.28 3.47

0.40 0.37 0.52 0.43 0.47 0.54

129.55 12.13 15.55 14.11 7.45 8.03
0.00 0.03 0.04 0.05 0.09 0.09

1.00 0.94 0.95 0.94 0.90 0.90

97.89 98.17 100.13 101.13 102.19 105.29

0.57 14.30 2.85 1.19 5.46 2.60

-4.02 1.22 0.83 0.33 0.88 1.09

(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available Not available
117,642
100,000
0
17,642
0
3,813
3,813
0
121,455
120,899
936
119,963
556
556
0

9,480
3,561
5,918
3,733

10,000
0.00
 0.00
1,517

3.17%
5.03%
3.07%
0.60
0.37

0.77%
31.71
3.14%

96.86%
11.76

0.41
0.40

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
119,896 142,440 144,655 201,766 204,823 266,452 303,677 319,204
120,134 140,134 140,134 200,134 200,133 260,150 300,000 300,000
0 0 0 0 0 0 0 0
(238) 2,306 4,521 1,632 4,690 6,302 3,677 19,204
0 0 0 4,500 5,000 5,000 5,000 4,500
150 1,792 1,327 2,941 29,545 21,312 13,365 71,759
150 1,792 1,327 2,941 29,545 21,312 13,365 71,759
0 0 0 0 0 0 0 0
120,046 144,232 145,982 209,207 239,368 292,764 322,042 395,463
85,790 104,290 105,065 104,181 138,513 217,517 226,134 294,704
83,258 100,620 97,873 101,571 135,218 206,963 218,755 220,977
2,532 3,670 7,192 2,610 3,295 10,554 7,379 73,727
34,256 39,942 40,917 105,026 100,855 75,247 95,908 100,759
2,357 2,930 3,047 49,571 48,045 7,142 15,412 13,404
31,899 37,012 37,870 55,455 52,810 68,105 80,496 87,355

8,883 27,536 33,374 34,383 42,517 51,543 73,782 134,405

10,930 23,548 30,094 31,904 37,991 48,993 75,816 112,202
(2,047) 3,988 3,280 2,479 4,526 2,550 (2,034) 22,203
(2,091) 2,544 2,215 1,611 3,057 1,612 (2,625) 15,526

1,201 1,401 1,401 2,001 2,001 2,602 3,000 3,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(4,114) 3,706 2,076 6,684 30,620 (7,698) (10,152) 10,556
 -0.02 0.02 0.02 0.01 0.01 0.01 -0.01 0.05
-0.02 0.03 0.02 0.01 0.02 0.01 -0.01 0.07
-0.02 0.02 0.02 0.01 0.01 0.01 -0.01 0.04
-5.34 5.90 9.18 12.87 8.39 19.21 -37.27 5.05
-1.74 1.82 1.58 0.80 1.53 0.62 -0.88 5.18

0.69 0.70 0.67 0.49 0.56 0.71 0.68 0.56

571.93 58.20 79.17 35.42 4.69 10.21 16.92 4.11
0.00 0.01 0.01 0.01 0.12 0.07 0.04 0.18

1.00 0.99 0.99 0.96 0.86 0.91 0.94 0.81

99.80 101.67 103.23 100.82 102.34 102.42 101.23 106.40

1.97 1.46 0.94 4.15 10.02 -4.78 3.87 0.68

-27.43 2.07 1.56 2.27 1.04 -0.36 -0.76 0.15

(Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017 2018
272,443 291,507 325,602 365,160 390,574 437,004 553,353 661,842
200,000 200,000 200,000 290,000 290,000 350,000 400,000 400,000
0 0 0 0 0 0 0 0
72,443 91,507 125,602 75,160 100,574 87,004 153,353 261,842
0 0 0 0 0 0 0 0
295,326 229,014 268,450 362,065 408,273 326,484 316,868 585,319
295,326 229,014 268,450 362,065 402,773 321,984 312,868 581,319
0 0 0 0 5,500 4,500 4,000 4,000
567,769 520,521 594,052 727,225 798,847 763,488 870,221 1,247,161
470,090 415,994 483,557 580,617 669,150 623,777 652,376 1,019,363
423,515 387,699 455,296 541,212 569,796 442,432 491,213 868,366
46,575 28,295 28,261 39,405 99,354 181,345 161,163 150,997
97,679 104,527 110,495 146,608 129,697 139,711 217,845 227,798
39,634 45,364 49,913 59,497 82,337 84,813 101,646 91,998
58,045 59,163 60,582 87,111 47,360 54,898 116,199 135,800

285,148 315,216 404,582 496,634 437,076 550,845 808,106 1,047,054

247,587 270,630 349,214 434,733 397,604 477,649 712,839 900,612
37,614 44,586 55,368 61,901 39,473 73,196 95,267 146,442
21,949 19,064 34,095 39,559 25,414 46,430 66,348 108,489

20,000 20,000 20,000 29,000 29,000 35,000 40,000 40,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
75,947 (20,042) 84,111 131,165 74,226 (87,045) 47,255 410,045

0.08 0.07 0.10 0.11 0.07 0.11 0.12 0.16

0.14 0.15 0.17 0.17 0.10 0.17 0.17 0.22
0.04 0.04 0.06 0.05 0.03 0.06 0.08 0.09
 6.58 6.07 6.31 7.02 10.07 6.53 7.48 6.15
1.10 0.95 1.70 1.36 0.88 1.33 1.66 2.71

0.75 0.74 0.77 0.74 0.71 0.58 0.56 0.70

1.59 1.82 1.80 1.60 1.66 1.94 2.09 1.75
0.52 0.44 0.45 0.50 0.51 0.43 0.36 0.47

0.48 0.56 0.55 0.50 0.49 0.57 0.64 0.53

13.62 14.58 16.28 12.59 13.47 12.49 13.83 16.55

3.46 -1.05 2.47 3.32 2.92 -1.87 0.71 3.78

0.26 -0.09 0.31 0.36 0.18 -0.27 0.15 0.71

(Thousand Rupees)
Not available Not available 2013 2014 2015 2016 2017 2018
98,021 91,030 193,546 320,044 322,100 418,312
100,000 100,000 200,000 320,000 320,000 400,000
0 0 0 0 0 0
(1,979) (8,970) (6,454) 44 2,100 18,312
0 0 0 0 0 0
324 6,589 3,439 3,121 3,150 11,916
324 6,589 3,274 852 402 8,351
0 0 165 2,269 2,748 3,565
98,345 97,619 196,985 323,165 325,250 430,228
59,396 55,959 156,988 229,457 228,832 311,049
32,848 55,140 130,160 228,975 228,133 302,844
26,548 819 26,828 482 699 8,205
38,949 41,660 39,997 93,708 96,418 119,179
2,742 5,422 5,035 4,816 9,342 11,325
36,207 36,238 34,962 88,892 87,076 107,854

591 21,654 34,753 48,606 43,000 102,543

2,567 28,428 31,722 38,602 40,293 81,632
(1,976) (6,774) 3,031 10,004 2,707 20,911
(1,979) (6,990) 2,515 6,498 2,056 16,213

10,000 10,000 20,000 32,000 32,000 40,000

0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
(28,229) (469) 380 7,097 2,953 26,923

-0.02 -0.08 0.01 0.02 0.01 0.04

-0.02 -0.07 0.02 0.03 0.01 0.05
-0.02 -0.07 0.01 0.02 0.01 0.04
-1.30 -4.20 10.47 3.86 14.88 3.90
-0.20 -0.70 0.13 0.20 0.06 0.41
 0.33 0.56 0.66 0.71 0.70 0.70
183.32 8.49 47.95 269.32 569.23 37.25
0.00 0.07 0.02 0.01 0.01 0.03

1.00 0.93 0.98 0.99 0.99 0.97

9.80 9.10 9.68 10.00 10.07 10.46

14.26 0.07 0.15 1.09 1.44 1.66

-87.13 -0.07 0.12 8.33 7.35 3.22
Insurance Companies - Overall
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 67,502,889 79,294,355 84,319,908 86,625,430 88,793,958
1.Share capital 11,649,281 21,001,523 22,291,755 25,452,564 27,621,324
2.Reserves 14,970,812 44,317,746 37,757,097 38,331,444 36,852,484
3.Un appropriated profit 40,882,796 13,975,086 24,271,056 22,841,422 24,320,150
4.Others 391,391 316,877 819,131 1,953,222 1,156,630
B.Total liabilities (B1 to B3) 232,750,781 263,404,552 300,169,598 356,996,176 414,644,252
1.Balance of statutory funds 174,570,642 193,936,317 223,525,201 262,761,211 313,578,748
2.Outstanding claims, adv., prem., due to other insurers 47,748,921 52,695,558 47,774,239 74,548,172 77,035,044
3.Other/misc. liabilities 10,431,218 16,772,677 28,870,158 19,686,793 24,030,460
C.Total assets (C1 to C5) 300,645,061 343,015,784 385,308,637 445,574,828 504,594,840
1.Cash and balances with banks 24,015,788 41,361,289 34,183,294 43,985,108 50,484,855
2.Advances to policy holders & employees 11,925,982 13,844,094 16,678,112 572,369 752,194
3.Investments in securities & properties 222,852,848 235,570,708 275,622,467 114,542,954 347,132,038
4.Other/misc. assets 38,061,663 47,301,536 52,405,483 279,510,586 98,914,561
5.Fixed assets 3,788,780 4,938,157 6,419,281 6,963,811 7,311,192
D.Profit & loss account
1.Investment income 58,362,392 14,174,965 36,385,553 32,810,542 38,217,452
2.Gross premium 61,274,668 76,150,980 87,428,602 105,179,540 129,109,199
3.Net premium 47,738,030 60,955,357 66,891,124 80,645,113 98,373,350
4.Gross claims 34,750,950 42,809,380 44,853,530 56,866,547 54,398,706
5.Net claims 27,675,822 34,725,276 35,270,353 38,203,611 42,550,808
6.Underwriting profit 10,108,015 27,183,638 29,215,507 16,328,161 28,470,696
7.Profit/(loss) before taxation 39,808,398 (1,876,153) 7,970,541 8,853,469 10,849,925
8.Profit/(loss) after taxation 38,969,919 (3,422,146) 6,575,665 5,862,322 8,038,880
E.Other items
1.No. of ordinary shares (000) 1,763,470 2,669,063 2,897,533 2,516,580 2,733,460
2.Cash dividend N/A N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A N/A
4.Cash generated from operating activities 4,027,860 830,219 2,328,621 10,571,042 19,661,576
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.58 -0.04 0.08 0.07 0.09
2.Return on assets (ROA) (D8/C) 0.13 -0.01 0.02 0.01 0.02
3.Earning per share (D8/E1) (rs. per share) 22.10 -1.28 2.27 2.33 2.94
4.Net Claims Incurred Ratio (D5/D3) 0.58 0.57 0.53 0.47 0.43
5.Underwriting profit to profit after tax. (D6/D8) 0.26 -7.94 4.44 2.79 3.54
6.Investment income to net premium (D1/D3) 1.22 0.23 0.54 0.41 0.39
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.08 0.12 0.09 0.10 0.10
2. Investment to total assets (C3/C) 0.74 0.69 0.72 0.26 0.69
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.22 0.23 0.22 0.19 0.18
2.Break up value per share (A/E1) (Rs. per share) 38.28 29.71 29.10 34.42 32.48
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.10 -0.24 0.35 1.80 2.45
Life Insurance Corporations - Overall
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 3,591,548 3,845,833 4,552,704 5,859,968 6,242,151
1.Share capital 2,879,120 3,550,720 3,632,080 4,612,239 4,612,239
2.Reserves (126,017) 454,004 10,474 189,435 (470,670)
3.Un appropriated profit 838,445 (158,891) 910,150 1,058,294 2,100,582
4.Others 0 127,208 127,208 0 0
B.Total liabilities (B1 to B3) 188,153,972 210,435,786 243,297,422 285,052,165 339,861,092
1.Balance of statutory funds 174,542,524 193,737,166 223,481,460 262,079,551 311,973,057
2.Outstanding claims, adv., prem., due to other insurers 9,887,550 11,796,266 11,277,889 20,403,335 17,263,420
3.Other/misc. liabilities 3,723,898 4,902,354 8,538,073 2,569,279 10,624,615
C.Total assets (C1 to C5) 191,745,520 214,408,827 247,977,334 290,912,133 346,103,243
1.Cash and balances with banks 15,226,491 23,248,989 18,748,616 27,764,487 34,318,104
2.Advances to policy holders & employees 11,522,580 13,715,744 16,542,211 411,115 594,433
3.Investments in securities & properties 156,872,639 167,762,427 200,982,882 36,942,032 266,227,453
4.Other/misc. assets 7,609,287 8,872,574 10,410,990 224,883,840 43,920,914
5.Fixed assets 514,523 809,093 1,292,635 910,659 1,042,339
D.Profit & loss account
1.Investment income 20,418,637 18,922,502 21,371,584 26,491,668 31,003,963
2.Gross premium 24,870,987 33,644,399 40,568,637 52,584,841 67,745,199
3.Net premium 26,817,670 33,475,344 39,775,876 51,369,955 66,253,831
4.Gross claims 10,717,469 19,133,182 21,669,000 22,330,799 25,579,370
5.Net claims 13,000,049 18,330,205 20,921,771 21,335,138 24,513,450
6.Underwriting profit 9,192,113 22,835,966 24,929,952 12,950,017 23,762,261
7.Profit/(loss) before taxation 2,056,431 211,025 1,187,872 1,597,080 2,471,047
8.Profit/(loss) after taxation 1,678,708 (132,100) 1,227,145 1,078,477 1,619,539
E.Other items
1.No. of ordinary shares (000) 206,912 280,122 304,208 362,224 362,224
2.Cash dividend N/A N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A N/A
4.Cash generated from operating activities 3,463,829 2,494,830 2,433,056 9,951,353 17,849,089
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.47 -0.03 0.27 0.18 0.26
2.Return on assets (ROA) (D8/C) 0.01 0.00 0.00 0.00 0.00
3.Earning per share (D8/E1) (rs. per share) 8.11 -0.47 4.03 2.98 4.47
4.Net Claims Incurred Ratio (D5/D3) 0.48 0.55 0.53 0.42 0.37
5.Underwriting profit to profit after tax. (D6/D8) 5.48 -172.87 20.32 12.01 14.67
6.Investment income to net premium (D1/D3) 0.76 0.57 0.54 0.52 0.47
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.08 0.11 0.08 0.10 0.10
2. Investment to total assets (C3/C) 0.82 0.78 0.81 0.13 0.77
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.02 0.02 0.02 0.02 0.02
2.Break up value per share (A/E1) (Rs. per share) 17.36 13.73 14.97 16.18 17.23
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 2.06 -18.89 1.98 9.23 11.02
Adamjee Life Assurance Co. Ltd.
Items 2010 2011
A.Total equity (A1 to A3) 338,763 172,775
1.Share capital 534,663 534,663
2.Reserves (212,258) (396,718)
3.Un appropriated profit 16,358 34,830
4.Others 0 0
B.Total liabilities (B1 to B3) 238,428 710,816
1.Balance of statutory funds 99,479 509,586
2.Outstanding claims, adv., prem., due to other insurers 28,944 88,699
3.Other/misc. liabilities 110,005 112,531
C.Total assets (C1 to C5) 577,191 883,591
1.Cash and balances with banks 37,748 127,414
2.Advances to policy holders & employees 0 0
3.Investments in securities & properties 401,778 609,667
4.Other/misc. assets 113,124 113,631
5.Fixed assets 24,541 32,879
D.Profit & loss account
1.Investment income 29,349 32,061
2.Gross premium 267,137 912,667
3.Net premium 215,489 791,950
4.Gross claims 55,740 105,334
5.Net claims 16,178 29,720
6.Underwriting profit 111,303 444,354
7.Profit/(loss) before taxation 17,933 21,777
8.Profit/(loss) after taxation 12,620 18,472
E.Other items
1.No. of ordinary shares (000) 53,466 53,466
2.Cash dividend 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00
4.Cash generated from operating activities (55,090) 276,414
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.04 0.11
2.Return on assets (ROA) (D8/C) 0.02 0.02
3.Earning per share (D8/E1) (rs. per share) 0.24 0.35
4.Net Claims Incurred Ratio (D5/D3) 0.08 0.04
5.Underwriting profit to profit after tax. (D6/D8) 8.82 24.06
6.Investment income to net premium (D1/D3) 0.14 0.04
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.07 0.14
2. Investment to total assets (C3/C) 0.70 0.69
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.59 0.20
2.Break up value per share (A/E1) (Rs. per share) 6.34 3.23
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -4.37 14.96
Asia Care Health & Life Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - 183,570 228,456 469,028 427,049
1.Share capital - 160,000 200,000 500,000 500,000
2.Reserves - 2,500 2,500 0 0
3.Un appropriated profit - 21,070 25,956 (30,972) (72,951)
4.Others - 127,208 127,208 0 0
B.Total liabilities (B1 to B3) - 67,135 63,854 133,992 179,012
1.Balance of statutory funds - 0 0 95,977 118,132
2.Outstanding claims, adv., prem., due to other insurers - 8,639 6,301 26,420 45,936
3.Other/misc. liabilities - 58,496 57,553 11,595 14,944
C.Total assets (C1 to C5) - 377,913 419,518 603,020 606,061
1.Cash and balances with banks - 128,417 148,998 93,453 93,478
2.Advances to policy holders & employees - 0 0 0 0
3.Investments in securities & properties - 6,356 22,456 431,446 414,724
4.Other/misc. assets - 80,338 79,301 71,458 93,751
5.Fixed assets - 162,802 168,763 6,663 4,108
D.Profit & loss account
1.Investment income - 9,570 19,549 72,014 34,168
2.Gross premium - 0 0 154,948 212,620
3.Net premium - 29,768 32,203 153,560 211,232
4.Gross claims - 0 0 153,158 178,482
5.Net claims - 10,952 14,737 153,158 178,482
6.Underwriting profit - 0 0 0 21,705
7.Profit/(loss) before taxation - 7,355 9,448 61,317 23,322
8.Profit/(loss) after taxation - 4,886 5,518 59,086 20,221
E.Other items
1.No. of ordinary shares (000) - 50 20,000 50,000 50,000
2.Cash dividend - 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.33 0.00 0.00 0.00
4.Cash generated from operating activities - (21) (26) (89,324) (60,080)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - 0.03 0.02 0.13 0.05
2.Return on assets (ROA) (D8/C) - 0.01 0.01 0.10 0.03
3.Earning per share (D8/E1) (rs. per share) - 97.72 0.28 1.18 0.40
4.Net Claims Incurred Ratio (D5/D3) - 0.37 0.46 1.00 0.85
5.Underwriting profit to profit after tax. (D6/D8) - 0.00 0.00 0.00 1.07
6.Investment income to net premium (D1/D3) - 0.32 0.61 0.47 0.16
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - 0.34 0.36 0.16 0.15
2. Investment to total assets (C3/C) - 0.02 0.05 0.72 0.68
H.Capital /leverage ratios
1.Capital ratio (A/C) - 0.49 0.54 0.78 0.70
2.Break up value per share (A/E1) (Rs. per share) - 3671.40 11.42 9.38 8.54
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - 0.00 0.00 -1.51 -2.97
Askari Life Insurance Co. Ltd.(Formally East West Life Assurance Ltd.)
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 372,333 415,341 149,369 146,958 124,125
1.Share capital 352,000 413,600 454,960 500,456 500,456
2.Reserves 20,333 1,741 (305,591) 0 0
3.Un appropriated profit 0 0 0 (353,498) (376,331)
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 128,963 147,823 198,947 256,916 294,178
1.Balance of statutory funds 111,940 119,822 162,256 213,986 238,382
2.Outstanding claims, adv., prem., due to other insurers 12,662 15,503 19,395 28,022 38,870
3.Other/misc. liabilities 4,361 12,498 17,296 14,908 16,926
C.Total assets (C1 to C5) 501,296 563,164 348,316 403,874 418,303
1.Cash and balances with banks 240,151 95,896 59,770 136,182 154,862
2.Advances to policy holders & employees 17,966 10,933 9,464 8,553 8,825
3.Investments in securities & properties 198,875 376,890 197,560 194,146 186,588
4.Other/misc. assets 17,918 32,834 31,257 22,422 31,089
5.Fixed assets 26,386 46,611 50,265 42,571 36,939
D.Profit & loss account
1.Investment income 93,639 60,927 (197,021) 25,713 11,837
2.Gross premium 166,055 194,538 235,769 250,054 246,773
3.Net premium 90,299 107,753 154,489 183,761 178,687
4.Gross claims 133,102 157,013 165,143 162,347 180,387
5.Net claims 67,193 78,078 94,895 152,937 124,525
6.Underwriting profit 5,715 (20,218) (20,218) 66,115 50,412
7.Profit/(loss) before taxation 84,266 44,326 (222,596) 5,246 (6,364)
8.Profit/(loss) after taxation 83,362 44,708 (1,236) 3,194 (8,583)
E.Other items
1.No. of ordinary shares (000) 35,200 41,360 45,496 50,046 50,046
2.Cash dividend 0.10 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 51,868 (50,872) (50,870) (11,010) (22,063)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.22 0.11 -0.01 0.02 -0.07
2.Return on assets (ROA) (D8/C) 0.17 0.08 0.00 0.01 -0.02
3.Earning per share (D8/E1) (rs. per share) 2.37 1.08 -0.03 0.06 -0.17
4.Net Claims Incurred Ratio (D5/D3) 0.74 0.72 0.61 0.83 0.70
5.Underwriting profit to profit after tax. (D6/D8) 0.07 -0.45 16.36 20.70 -5.87
6.Investment income to net premium (D1/D3) 1.04 0.57 -1.28 0.14 0.07
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.48 0.17 0.17 0.34 0.37
2. Investment to total assets (C3/C) 0.40 0.67 0.57 0.48 0.45
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.74 0.74 0.43 0.36 0.30
2.Break up value per share (A/E1) (Rs. per share) 10.58 10.04 3.28 2.94 2.48
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.62 -1.14 41.16 -3.45 2.57
EFU Life Assurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 1,277,925 1,254,381 1,628,540 1,579,275 1,732,640
1.Share capital 500,000 750,000 750,000 850,000 850,000
2.Reserves 170,000 570,000 232,500 232,500 232,500
3.Un appropriated profit 607,925 (65,619) 646,040 496,775 650,140
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 12,037,325 10,703,367 16,218,941 20,583,460 26,297,424
1.Balance of statutory funds 11,130,268 9,567,235 14,767,466 18,865,481 24,414,209
2.Outstanding claims, adv., prem., due to other insurers 689,938 760,127 880,656 1,214,459 1,140,899
3.Other/misc. liabilities 217,119 376,005 570,819 503,520 742,316
C.Total assets (C1 to C5) 13,315,250 11,957,748 17,847,481 22,162,735 28,030,064
1.Cash and balances with banks 949,466 1,425,424 1,365,803 826,325 1,141,457
2.Advances to policy holders & employees 13,151 45,098 59,015 55,583 56,490
3.Investments in securities & properties 11,757,140 9,684,973 15,053,389 19,711,968 25,133,535
4.Other/misc. assets 333,318 493,908 1,019,066 1,147,984 1,248,172
5.Fixed assets 262,175 308,345 350,208 420,875 450,410
D.Profit & loss account
1.Investment income 3,027,910 56,681 58,853 1,657,014 29,792
2.Gross premium 4,817,874 9,597,777 9,597,777 8,375,515 10,129,599
3.Net premium 4,431,546 6,136,944 5,570,211 7,920,022 9,597,263
4.Gross claims 1,146,866 7,418,139 7,418,139 2,171,470 2,724,390
5.Net claims 887,393 4,369,507 3,911,444 1,837,151 2,360,779
6.Underwriting profit 4,784,264 371,433 66,535 4,246,398 5,406,307
7.Profit/(loss) before taxation 1,434,745 (314,959) 647,721 551,035 880,815
8.Profit/(loss) after taxation 1,207,292 (473,159) 711,659 363,235 578,365
E.Other items
1.No. of ordinary shares (000) 50,000 115,000 115,000 85,000 85,000
2.Cash dividend 0.30 0.33 0.33 0.50 0.50
3.Stock dividend/bonus shares 0.50 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 1,707,444 (507,154) 204,961 3,217,244 3,938,800
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.94 -0.38 0.44 0.23 0.33
2.Return on assets (ROA) (D8/C) 0.09 -0.04 0.04 0.02 0.02
3.Earning per share (D8/E1) (rs. per share) 24.15 -4.11 6.19 4.27 6.80
4.Net Claims Incurred Ratio (D5/D3) 0.20 0.71 0.70 0.23 0.25
5.Underwriting profit to profit after tax. (D6/D8) 3.96 -0.79 0.09 11.69 9.35
6.Investment income to net premium (D1/D3) 0.68 0.01 0.01 0.21 0.00
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.07 0.12 0.08 0.04 0.04
2. Investment to total assets (C3/C) 0.88 0.81 0.84 0.89 0.90
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.10 0.10 0.09 0.07 0.06
2.Break up value per share (A/E1) (Rs. per share) 25.56 10.91 14.16 18.58 20.38
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 1.41 1.07 0.29 8.86 6.81
IGI Life Insurance Limited (Formerly American Life Insuranc Co. Ltd. up to 2013)
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 329,542 379,763 581,065 669,193 734,941
1.Share capital 500,000 500,000 500,000 500,000 500,000
2.Reserves (170,458) (120,237) 81,065 169,193 234,941
3.Un appropriated profit 0 0 0 0 0
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 1,926,152 2,369,735 2,771,591 3,669,489 5,935,512
1.Balance of statutory funds 1,595,024 1,961,522 2,318,142 3,238,863 5,290,441
2.Outstanding claims, adv., prem., due to other insurers 254,393 312,609 325,000 296,435 459,875
3.Other/misc. liabilities 76,735 95,604 128,449 134,191 185,196
C.Total assets (C1 to C5) 2,255,694 2,749,498 3,352,656 4,338,682 6,670,453
1.Cash and balances with banks 209,205 164,756 106,526 64,025 125,057
2.Advances to policy holders & employees 41,553 53,623 68,306 83,051 90,096
3.Investments in securities & properties 1,761,958 1,801,339 2,856,069 3,795,700 5,833,574
4.Other/misc. assets 168,421 657,500 255,923 337,353 561,509
5.Fixed assets 74,557 72,280 65,832 58,553 60,217
D.Profit & loss account
1.Investment income 143,087 208,723 248,389 326,117 644,910
2.Gross premium 888,204 1,155,000 1,349,482 1,893,849 2,993,466
3.Net premium 802,053 1,048,496 1,267,953 1,806,525 2,905,583
4.Gross claims 277,729 362,000 396,613 524,643 758,431
5.Net claims 261,600 332,228 363,070 442,406 629,515
6.Underwriting profit 661,987 415,508 554,620 0 0
7.Profit/(loss) before taxation 46,900 78,059 96,141 133,403 183,560
8.Profit/(loss) after taxation 32,078 50,221 62,492 86,712 116,248
E.Other items
1.No. of ordinary shares (000) 50,000 50,000 50,000 50,000 50,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.54 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 222,191 (228,857) 762,793 590,201 1,596,738
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.10 0.13 0.11 0.13 0.16
2.Return on assets (ROA) (D8/C) 0.01 0.02 0.02 0.02 0.02
3.Earning per share (D8/E1) (rs. per share) 0.64 1.00 1.25 1.73 2.32
4.Net Claims Incurred Ratio (D5/D3) 0.33 0.32 0.29 0.24 0.22
5.Underwriting profit to profit after tax. (D6/D8) 20.64 8.27 8.88 0.00 0.00
6.Investment income to net premium (D1/D3) 0.18 0.20 0.20 0.18 0.22
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.09 0.06 0.03 0.01 0.02
2. Investment to total assets (C3/C) 0.78 0.66 0.85 0.87 0.87
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.15 0.14 0.17 0.15 0.11
2.Break up value per share (A/E1) (Rs. per share) 6.59 7.60 11.62 13.38 14.70
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 6.93 -4.56 12.21 6.81 13.74
Jubilee Life Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 481,228 416,562 546,505 1,149,873 1,430,398
1.Share capital 627,120 627,120 627,120 627,120 627,120
2.Reserves (145,892) - - 0 0
3.Un appropriated profit 0 (210,558) (80,615) 522,753 803,278
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 5,370,587 5,226,315 7,777,475 10,198,709 14,357,210
1.Balance of statutory funds 4,967,990 4,629,457 6,788,311 9,144,236 12,844,091
2.Outstanding claims, adv., prem., due to other insurers 307,051 476,459 751,169 682,944 787,561
3.Other/misc. liabilities 95,546 120,399 237,995 371,529 725,558
C.Total assets (C1 to C5) 5,851,815 5,642,877 8,323,980 11,348,582 15,787,608
1.Cash and balances with banks 2,109,065 3,257,997 2,123,027 1,084,664 2,250,153
2.Advances to policy holders & employees 3,718 4,266 3,876 4,560 8,981
3.Investments in securities & properties 3,481,067 2,031,512 5,579,564 9,673,115 12,980,198
4.Other/misc. assets 175,936 254,523 118,115 439,204 340,689
5.Fixed assets 82,029 94,579 499,398 147,039 207,587
D.Profit & loss account
1.Investment income 50,439 (110,311) 78,014 40,999 74,841
2.Gross premium 2,978,851 3,435,119 4,363,155 5,802,439 8,215,262
3.Net premium 2,777,076 3,457,103 4,384,114 5,451,804 7,756,624
4.Gross claims 1,168,089 1,756,884 1,710,439 2,049,922 2,139,574
5.Net claims 1,001,012 760,675 814,037 1,661,786 1,770,426
6.Underwriting profit 1,754,710 1,112,379 1,878,176 2,647,219 4,363,882
7.Profit/(loss) before taxation 150,028 (49,972) 160,744 217,268 582,356
8.Profit/(loss) after taxation 125,456 (54,972) 129,943 146,752 374,593
E.Other items
1.No. of ordinary shares (000) 62,712 62,712 62,712 62,712 62,712
2.Cash dividend 0.05 0.00 0.00 0.15 0.30
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 1,091,360 591,271 1,150,556 1,829,289 3,304,453
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.26 -0.13 0.24 0.13 0.26
2.Return on assets (ROA) (D8/C) 0.02 -0.01 0.02 0.01 0.02
3.Earning per share (D8/E1) (rs. per share) 2.00 -0.88 2.07 2.34 5.97
4.Net Claims Incurred Ratio (D5/D3) 0.36 0.22 0.19 0.30 0.23
5.Underwriting profit to profit after tax. (D6/D8) 13.99 -20.24 14.45 18.04 11.65
6.Investment income to net premium (D1/D3) 0.02 -0.03 0.02 0.01 0.01
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.36 0.58 0.26 0.10 0.14
2. Investment to total assets (C3/C) 0.59 0.36 0.67 0.85 0.82
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.08 0.07 0.07 0.10 0.09
2.Break up value per share (A/E1) (Rs. per share) 7.67 6.64 8.71 18.34 22.81
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 8.70 -10.76 8.85 12.47 8.82
State Life Insurance Corporation Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 1,130,520 1,196,216 1,418,769 1,506,878 1,620,223
1.Share capital 900,000 1,100,000 1,100,000 1,100,000 1,100,000
2.Reserves 0 0 0 0 0
3.Un appropriated profit 230,520 96,216 318,769 406,878 520,223
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 168,690,945 191,921,411 216,266,614 249,971,171 292,086,940
1.Balance of statutory funds 156,737,302 177,459,130 199,445,285 230,421,529 268,579,591
2.Outstanding claims, adv., prem., due to other insurers 8,623,506 10,222,929 9,295,368 18,126,111 14,701,580
3.Other/misc. liabilities 3,330,137 4,239,352 7,525,961 1,423,531 8,805,769
C.Total assets (C1 to C5) 169,821,465 193,117,627 217,685,383 251,478,049 293,707,163
1.Cash and balances with banks 11,718,604 18,176,499 14,944,492 25,522,090 30,425,683
2.Advances to policy holders & employees 11,446,192 13,601,824 16,401,550 259,368 430,041
3.Investments in securities & properties 139,673,599 153,861,357 177,273,844 2,733,879 221,069,167
4.Other/misc. assets 6,913,694 7,353,471 8,907,328 222,752,295 41,532,073
5.Fixed assets 69,376 124,476 158,169 210,417 250,199
D.Profit & loss account
1.Investment income 17,103,562 18,696,912 21,163,800 24,340,462 30,765,978
2.Gross premium 16,020,003 19,261,965 25,022,454 35,840,899 45,034,812
3.Net premium 18,716,696 22,695,280 28,366,906 35,638,794 44,812,492
4.Gross claims 7,991,683 9,439,146 11,978,666 17,213,519 19,492,772
5.Net claims 10,782,851 12,778,765 15,723,588 17,071,522 19,420,003
6.Underwriting profit 1,985,437 20,956,864 22,450,839 5,878,982 11,510,797
7.Profit/(loss) before taxation 340,492 446,216 496,414 610,878 785,581
8.Profit/(loss) after taxation 230,520 296,216 318,769 406,878 520,223
E.Other items
1.No. of ordinary shares (000) 9,000 11,000 11,000 11,000 11,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 390,966 2,690,463 365,642 4,470,043 8,814,827
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.20 0.25 0.22 0.27 0.32
2.Return on assets (ROA) (D8/C) 0.00 0.00 0.00 0.00 0.00
3.Earning per share (D8/E1) (rs. per share) 25.61 26.93 28.98 36.99 47.29
4.Net Claims Incurred Ratio (D5/D3) 0.58 0.56 0.55 0.48 0.43
5.Underwriting profit to profit after tax. (D6/D8) 8.61 70.75 70.43 14.45 22.13
6.Investment income to net premium (D1/D3) 0.91 0.82 0.75 0.68 0.69
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.07 0.09 0.07 0.10 0.10
2. Investment to total assets (C3/C) 0.82 0.80 0.81 0.01 0.75
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.01 0.01 0.01 0.01 0.01
2.Break up value per share (A/E1) (Rs. per share) 125.61 108.75 128.98 136.99 147.29
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 1.70 9.08 1.15 10.99 16.94
TPL Life Insurance Ltd.
Items Not available Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
Non-Life Insurance Corporations - Overall
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 62,704,553 73,627,489 77,784,852 79,163,527 80,946,366
1.Share capital 7,460,689 15,310,032 16,368,903 18,473,672 20,540,656
2.Reserves 15,137,608 43,863,742 37,746,623 38,095,296 37,233,545
3.Un appropriated profit 40,106,256 14,453,715 23,669,326 22,594,559 23,172,165
4.Others 387,069 197,098 699,353 1,960,651 1,123,625
B.Total liabilities (B1 to B3) 44,274,111 52,101,805 55,925,315 70,197,047 71,892,031
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 37,653,036 40,531,984 35,998,491 53,122,361 58,809,731
3.Other/misc. liabilities 6,621,075 11,569,821 19,926,824 17,074,686 13,082,300
C.Total assets (C1 to C5) 107,365,733 125,926,392 134,409,520 151,321,225 153,962,022
1.Cash and balances with banks 8,001,486 17,394,018 14,560,902 15,184,416 14,531,425
2.Advances to policy holders & employees 403,402 128,350 135,901 161,254 156,933
3.Investments in securities & properties 65,610,155 66,736,164 73,613,820 76,511,650 79,423,317
4.Other/misc. assets 30,209,154 37,820,475 41,291,894 53,696,201 53,872,432
5.Fixed assets 3,141,536 3,847,385 4,807,003 5,767,704 5,977,915
D.Profit & loss account
1.Investment income 37,915,462 (4,839,199) 14,940,088 6,174,516 7,152,863
2.Gross premium 36,073,314 41,920,550 45,855,026 50,661,814 58,034,359
3.Net premium 20,799,730 26,444,972 26,359,943 28,518,877 31,142,662
4.Gross claims 23,780,198 23,153,577 22,419,681 33,827,066 27,928,963
5.Net claims 14,500,395 15,805,173 13,806,667 16,293,451 17,464,816
6.Underwriting profit 980,070 4,109,109 4,175,598 3,496,419 4,759,999
7.Profit/(loss) before taxation 37,729,117 (1,954,052) 7,038,047 7,486,823 8,436,384
8.Profit/(loss) after taxation 37,347,614 (3,172,018) 5,467,494 4,926,499 6,463,753
E.Other items
1.No. of ordinary shares (000) 1,425,611 2,174,863 2,364,248 1,917,690 2,124,393
2.Cash dividend N/A N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A N/A
4.Cash generated from operating activities 652,738 (1,492,975) 262,727 608,001 1,118,851
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.60 -0.04 0.07 0.06 0.08
2.Return on assets (ROA) (D8/C) 0.35 -0.03 0.04 0.03 0.04
3.Earning per share (D8/E1) (rs. per share) 26.20 -1.46 2.31 2.57 3.04
4.Net Claims Incurred Ratio (D5/D3) 0.70 0.60 0.52 0.57 0.56
5.Underwriting profit to profit after tax. (D6/D8) 0.03 -1.30 0.76 0.71 0.74
6.Investment income to net premium (D1/D3) 1.82 -0.18 0.57 0.22 0.23
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.07 0.14 0.11 0.10 0.09
2. Investment to total assets (C3/C) 0.61 0.53 0.55 0.51 0.52
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.58 0.58 0.58 0.52 0.53
2.Break up value per share (A/E1) (Rs. per share) 43.98 33.85 32.90 41.28 38.10
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.02 0.47 0.05 0.12 0.17
ACE Insurance Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 145,398 191,216 224,670 275,808 387,719
1.Share capital 120,000 160,000 200,000 250,000 300,000
2.Reserves 1,185 31,216 24,670 25,808 87,719
3.Un appropriated profit 24,213 0 0 0 0
4.Others - 0 0 0 0
B.Total liabilities (B1 to B3) 300,355 359,627 456,931 1,171,239 1,141,108
1.Balance of statutory funds - 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 279,089 51,595 88,327 1,125,461 963,999
3.Other/misc. liabilities 21,266 308,032 368,604 45,778 177,109
C.Total assets (C1 to C5) 445,753 550,843 681,601 1,447,047 1,528,827
1.Cash and balances with banks 264,059 305,165 361,707 456,091 837,974
2.Advances to policy holders & employees - 0 0 0 0
3.Investments in securities & properties 353 414 0 0 0
4.Other/misc. assets 172,827 236,513 308,942 972,500 674,396
5.Fixed assets 8,514 8,751 10,952 18,456 16,457
D.Profit & loss account
1.Investment income 558 61 28 0 0
2.Gross premium 363,954 0 292,402 292,402 499,666
3.Net premium 96,564 87,899 82,891 98,060 228,525
4.Gross claims 71,401 0 108,195 108,195 273,025
5.Net claims 39,922 25,309 32,165 32,165 86,572
6.Underwriting profit 23,101 18,611 3,091 (1,148) 77,626
7.Profit/(loss) before taxation 30,889 36,391 29,503 30,939 131,424
8.Profit/(loss) after taxation 19,538 21,593 16,358 17,194 82,645
E.Other items
1.No. of ordinary shares 12,000 16,000 20,000 25,000 30,000
2.Cash dividend - 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 109,316 (1,118) (13,827) 34,025 291,928
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.13 0.11 0.07 0.06 0.21
2.Return on assets (ROA) (D8/C) 0.04 0.04 0.02 0.01 0.05
3.Earning per share (D8/E1) (rs. per share) 1.63 1.35 0.82 0.69 2.75
4.Net Claims Incurred Ratio (D5/D3) 0.41 0.29 0.39 0.33 0.38
5.Underwriting profit to profit after tax. (D6/D8) 1.18 0.86 0.19 -0.07 0.94
6.Investment income to net premium (D1/D3) 0.01 0.00 0.00 0.00 0.00
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.59 0.55 0.53 0.32 0.55
2. Investment to total assets (C3/C) 0.00 0.00 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.33 0.35 0.33 0.19 0.25
2.Break up value per share (A/E1) (Rs. per share) 12.12 11.95 11.23 11.03 12.92
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 5.60 -0.05 -0.85 1.98 3.53
Adamjee Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 7,651,747 8,791,099 10,781,175 11,000,004 10,835,244
1.Share capital 1,022,351 1,022,351 1,124,586 1,237,045 1,237,045
2.Reserves 963,123 1,078,231 1,136,547 1,163,638 1,241,625
3.Un appropriated profit 5,666,273 6,690,517 8,520,042 8,599,321 8,356,574
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 11,114,216 10,451,381 10,831,203 16,886,731 13,232,418
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 9,979,928 8,753,875 2,344,753 14,614,804 11,027,452
3.Other/misc. liabilities 1,134,288 1,697,506 8,486,450 2,271,927 2,204,966
C.Total assets (C1 to C5) 18,765,963 19,242,480 21,612,378 27,886,735 24,067,662
1.Cash and balances with banks 954,197 2,207,453 2,157,104 2,704,817 2,378,967
2.Advances to policy holders & employees 27,312 26,852 28,383 22,086 17,175
3.Investments in securities & properties 8,132,102 7,333,959 9,658,030 9,406,998 9,451,731
4.Other/misc. assets 8,887,247 8,722,167 8,913,124 14,699,918 11,156,919
5.Fixed assets 765,105 952,049 855,737 1,052,916 1,062,870
D.Profit & loss account
1.Investment income 4,486,366 1,098,050 2,479,419 779,089 852,315
2.Gross premium 9,378,578 10,442,659 9,929,749 10,952,551 11,064,000
3.Net premium 5,531,818 6,685,378 6,806,897 6,883,397 6,983,344
4.Gross claims 6,548,240 6,601,192 5,643,943 10,598,852 7,066,321
5.Net claims 3,915,091 5,173,152 4,452,839 4,833,516 4,749,113
6.Underwriting profit 119,251 367,062 679,257 245,721 165,534
7.Profit/(loss) before taxation 4,284,885 1,175,877 2,608,348 541,813 (41,968)
8.Profit/(loss) after taxation 4,201,250 1,099,150 2,447,020 484,131 132,177
E.Other items
1.No. of ordinary shares (000) 102,235 102,235 112,459 123,705 123,705
2.Cash dividend 0.30 0.00 0.30 0.24 0.25
3.Stock dividend/bonus shares 0.00 0.00 0.10 0.09 0.00
4.Cash generated from operating activities (16,324) (354,139) 291,555 (48,276) (718,380)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.55 0.13 0.23 0.04 0.01
2.Return on assets (ROA) (D8/C) 0.22 0.06 0.11 0.02 0.01
3.Earning per share (D8/E1) (rs. per share) 41.09 10.75 21.76 3.91 1.07
4.Net Claims Incurred Ratio (D5/D3) 0.71 0.77 0.65 0.70 0.68
5.Underwriting profit to profit after tax. (D6/D8) 0.03 0.33 0.28 0.51 1.25
6.Investment income to net premium (D1/D3) 0.81 0.16 0.36 0.11 0.12
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.05 0.11 0.10 0.10 0.10
2. Investment to total assets (C3/C) 0.43 0.38 0.45 0.34 0.39
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.41 0.46 0.50 0.39 0.45
2.Break up value per share (A/E1) (Rs. per share) 74.84 85.99 95.87 88.92 87.59
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.00 -0.32 0.12 -0.10 -5.44
Agro General Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - - - 108,202 100,237
1.Share capital - - - 140,400 140,400
2.Reserves - - - 1,650 1,650
3.Un appropriated profit - - - (33,848) (41,813)
4.Others - - - 0 0
B.Total liabilities (B1 to B3) - - - 2,475 2,538
1.Balance of statutory funds - - - 0 0
2.Outstanding claims, adv., prem., due to other insurers - - - 1,466 1,466
3.Other/misc. liabilities - - - 1,009 1,072
C.Total assets (C1 to C5) - - - 110,677 102,775
1.Cash and balances with banks - - - 13,829 4,479
2.Advances to policy holders & employees - - - 0 0
3.Investments in securities & properties - - - 24,837 21,062
4.Other/misc. assets - - - 71,138 76,507
5.Fixed assets - - - 873 727
D.Profit & loss account
1.Investment income - - - 12,970 (5,051)
2.Gross premium - - - 0 0
3.Net premium - - - 0 0
4.Gross claims - - - 0 0
5.Net claims - - - 0 0
6.Underwriting profit - - - 0 0
7.Profit/(loss) before taxation - - - 9,311 (7,839)
8.Profit/(loss) after taxation - - - 9,154 (7,965)
E.Other items
1.No. of ordinary shares - - - 14,040 14,040
2.Cash dividend - - - 0.00 0.00
3.Stock dividend/bonus shares - - - 0.00 0.00
4.Cash generated from operating activities - - - (41,371) (2,267)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - - - 0.08 -0.08
2.Return on assets (ROA) (D8/C) - - - 0.08 -0.08
3.Earning per share (D8/E1) (rs. per share) - - - 0.65 -0.57
4.Net Claims Incurred Ratio (D5/D3) - - - - -
5.Underwriting profit to profit after tax. (D6/D8) - - - 0.00 0.00
6.Investment income to net premium (D1/D3) - - - - -
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - - - 0.12 0.04
2. Investment to total assets (C3/C) - - - 0.22 0.20
H.Capital /leverage ratios
1.Capital ratio (A/C) - - - 0.98 0.98
2.Break up value per share (A/E1) (Rs. per share) - - - 7.71 7.14
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - - - -4.52 0.28
Alflah Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 256,146 232,588 325,229 325,229 388,599
1.Share capital 121,440 161,920 303,600 303,600 300,000
2.Reserves 50,655 50,655 10,175 10,175 16,381
3.Un appropriated profit 84,051 20,013 11,454 11,454 72,218
4.Others 0 0 363,944 363,944 0
B.Total liabilities (B1 to B3) 258,620 248,403 259,476 259,476 1,125,507
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 236,533 215,266 220,015 220,015 986,378
3.Other/misc. liabilities 22,087 33,137 39,461 39,461 139,129
C.Total assets (C1 to C5) 514,766 480,991 948,649 948,649 1,514,106
1.Cash and balances with banks 160,201 166,588 144,886 144,886 79,410
2.Advances to policy holders & employees 0 0 0 0 1,565
3.Investments in securities & properties 108,531 77,292 195,602 195,602 637,147
4.Other/misc. assets 235,744 225,124 597,736 597,736 723,900
5.Fixed assets 10,290 11,987 10,425 10,425 72,084
D.Profit & loss account
1.Investment income 84,580 14,400 29,215 29,215 71,634
2.Gross premium 147,918 135,055 116,083 116,083 928,020
3.Net premium 99,501 77,039 61,511 61,511 384,483
4.Gross claims 89,796 90,494 88,487 88,487 305,967
5.Net claims 61,658 48,543 53,161 53,161 243,221
6.Underwriting profit 4,453 (9,723) (26,270) (26,270) 77,619
7.Profit/(loss) before taxation 86,487 2,870 (7,737) (7,737) 75,634
8.Profit/(loss) after taxation 84,023 (17,486) (821,076) (821,076) 69,238
E.Other items
1.No. of ordinary shares (000) 12,144 16,192 30,360 30,360 30,000
2.Cash dividend 0.05 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 33.33% 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (38,167) (44,856) (29,111) (29,111) 226,416
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.33 -0.08 -2.52 -2.52 0.18
2.Return on assets (ROA) (D8/C) 0.16 -0.04 -0.87 -0.87 0.05
3.Earning per share (D8/E1) (rs. per share) 6.92 -1.08 -27.04 -27.04 2.31
4.Net Claims Incurred Ratio (D5/D3) 0.62 0.63 0.86 0.86 0.63
5.Underwriting profit to profit after tax. (D6/D8) 0.05 0.56 0.03 0.03 1.12
6.Investment income to net premium (D1/D3) 0.85 0.19 0.48 0.48 0.19
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.31 0.35 0.15 0.15 0.05
2. Investment to total assets (C3/C) 0.21 0.16 0.21 0.21 0.42
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.50 0.48 0.34 0.34 0.26
2.Break up value per share (A/E1) (Rs. per share) 21.09 14.36 10.71 10.71 12.95
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -0.45 2.57 0.04 0.04 3.27
Allianz EFU Health Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - - - 270,073 326,924
1.Share capital - - - 250,000 300,000
2.Reserves - - - 0 0
3.Un appropriated profit - - - 20,073 26,924
4.Others - - - 0 0
B.Total liabilities (B1 to B3) - - - 689,917 699,658
1.Balance of statutory funds - - - 0 0
2.Outstanding claims, adv., prem., due to other insurers - - - 605,823 606,831
3.Other/misc. liabilities - - - 84,094 92,827
C.Total assets (C1 to C5) - - - 959,990 1,026,582
1.Cash and balances with banks - - - 38,272 35,969
2.Advances to policy holders & employees - - - 0 0
3.Investments in securities & properties - - - 468,878 518,792
4.Other/misc. assets - - - 427,064 450,011
5.Fixed assets - - - 25,776 21,810
D.Profit & loss account
1.Investment income - - - 43,206 37,156
2.Gross premium - - - 1,010,167 1,060,767
3.Net premium - - - 680,338 645,038
4.Gross claims - - - 963,259 776,124
5.Net claims - - - 632,076 523,590
6.Underwriting profit - - - 2,124 57,654
7.Profit/(loss) before taxation - - - 25,386 96,804
8.Profit/(loss) after taxation - - - 14,449 56,851
E.Other items
1.No. of ordinary shares (000) - - - 25,000 30,000
2.Cash dividend - - - 0.00 0.00
3.Stock dividend/bonus shares - - - 0.00 0.00
4.Cash generated from operating activities - - - (108,607) 20,096
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - - - 0.05 0.17
2.Return on assets (ROA) (D8/C) - - - 0.02 0.06
3.Earning per share (D8/E1) (rs. per share) - - - 0.58 1.90
4.Net Claims Incurred Ratio (D5/D3) - - - 0.93 0.81
5.Underwriting profit to profit after tax. (D6/D8) - - - 0.15 1.01
6.Investment income to net premium (D1/D3) - - - 0.06 0.06
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - - - 0.04 0.04
2. Investment to total assets (C3/C) - - - 0.49 0.51
H.Capital /leverage ratios
1.Capital ratio (A/C) - - - 0.28 0.32
2.Break up value per share (A/E1) (Rs. per share) - - - 10.80 10.90
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - - - -7.52 0.35
Alpha Insurance Co. Ltd.
Items Not available Not available Not available Not available 2011
A.Total equity (A1 to A3) 351,733
1.Share capital 303,600
2.Reserves 10,175
3.Un appropriated profit 37,958
4.Others 0
B.Total liabilities (B1 to B3) 370,372
1.Balance of statutory funds 0
2.Outstanding claims, adv., prem., due to other insurers 301,911
3.Other/misc. liabilities 68,461
C.Total assets (C1 to C5) 722,105
1.Cash and balances with banks 19,574
2.Advances to policy holders & employees 0
3.Investments in securities & properties 373,610
4.Other/misc. assets 312,329
5.Fixed assets 16,592
D.Profit & loss account
1.Investment income 62,432
2.Gross premium 155,043
3.Net premium 74,277
4.Gross claims 51,839
5.Net claims 51,838
6.Underwriting profit (38,580)
7.Profit/(loss) before taxation 4,876
8.Profit/(loss) after taxation 17,848
E.Other items
1.No. of ordinary shares (000) 30,360
2.Cash dividend 0.00
3.Stock dividend/bonus shares 0.00
4.Cash generated from operating activities (17,781)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.05
2.Return on assets (ROA) (D8/C) 0.02
3.Earning per share (D8/E1) (rs. per share) 0.59
4.Net Claims Incurred Ratio (D5/D3) 0.70
5.Underwriting profit to profit after tax. (D6/D8) -2.16
6.Investment income to net premium (D1/D3) 0.84
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.03
2. Investment to total assets (C3/C) 0.52
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.49
2.Break up value per share (A/E1) (Rs. per share) 11.59
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -1.00
Asia Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 138,053 183,570 228,457 282,918 342,583
1.Share capital 120,000 160,000 200,000 250,000 300,000
2.Reserves 2,500 2,500 2,500 2,500 2,500
3.Un appropriated profit 15,553 21,070 25,957 30,418 40,083
4.Others 27,208 127,208 127,208 127,208 136,060
B.Total liabilities (B1 to B3) 67,382 67,135 63,854 45,887 60,626
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 7,540 8,639 6,301 2,149 39,131
3.Other/misc. liabilities 59,842 58,496 57,553 43,738 21,495
C.Total assets (C1 to C5) 232,643 377,913 419,519 456,013 539,269
1.Cash and balances with banks 96,321 128,417 148,998 163,401 159,876
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 4,103 6,356 22,456 56,822 113,378
4.Other/misc. assets 69,167 80,338 79,301 59,518 65,934
5.Fixed assets 63,052 162,802 168,764 176,272 200,081
D.Profit & loss account
1.Investment income 7,232 9,570 19,549 21,108 24,319
2.Gross premium 54,302 53,644 46,537 46,534 53,021
3.Net premium 33,411 32,203 29,768 29,451 33,704
4.Gross claims 26,148 26,522 31,941 7,101 12,074
5.Net claims 14,680 14,737 10,952 7,474 10,916
6.Underwriting profit 7,143 3,261 1,460 4,101 334
7.Profit/(loss) before taxation 12,304 9,448 7,355 9,043 11,545
8.Profit/(loss) after taxation 9,485 5,518 4,886 4,461 9,665
E.Other items
1.No. of ordinary shares (000) 12,000 16,000 20,000 25,000 30,000
2.Cash dividend 0.10 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.50 0.33 0.00 0.00 0.00
4.Cash generated from operating activities (4,311) (3,130) (14,860) (17,574) (6,325)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.07 0.03 0.02 0.02 0.03
2.Return on assets (ROA) (D8/C) 0.04 0.01 0.01 0.01 0.02
3.Earning per share (D8/E1) (rs. per share) 0.79 0.34 0.24 0.18 0.32
4.Net Claims Incurred Ratio (D5/D3) 0.44 0.46 0.37 0.25 0.32
5.Underwriting profit to profit after tax. (D6/D8) 0.75 0.59 0.30 0.92 0.03
6.Investment income to net premium (D1/D3) 0.22 0.30 0.66 0.72 0.72
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.41 0.34 0.36 0.36 0.30
2. Investment to total assets (C3/C) 0.02 0.02 0.05 0.12 0.21
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.59 0.49 0.54 0.62 0.64
2.Break up value per share (A/E1) (Rs. per share) 11.50 11.47 11.42 11.32 11.42
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -0.45 -0.57 -3.04 -3.94 -0.65
Askari General Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 284,639 295,957 268,412 315,833 432,208
1.Share capital 156,750 203,775 203,775 203,776 308,210
2.Reserves 65,000 74,658 74,658 74,659 74,658
3.Un appropriated profit 62,889 17,524 (10,021) 37,398 49,340
4.Others 4,658 0 0 0 0
B.Total liabilities (B1 to B3) 828,297 921,294 927,340 1,138,101 1,112,772
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 724,184 813,079 839,746 1,022,808 902,563
3.Other/misc. liabilities 104,113 108,215 87,594 115,293 210,209
C.Total assets (C1 to C5) 1,117,594 1,217,251 1,195,752 1,453,934 1,544,980
1.Cash and balances with banks 169,783 85,108 114,277 91,251 130,566
2.Advances to policy holders & employees 2,817 2,956 4,197 2,159 1,190
3.Investments in securities & properties 423,227 512,843 413,607 510,063 554,394
4.Other/misc. assets 417,796 489,357 533,027 802,813 810,840
5.Fixed assets 103,971 126,987 130,644 47,648 47,990
D.Profit & loss account
1.Investment income 51,759 12,536 (28,174) 51,096 52,094
2.Gross premium 829,100 1,002,654 1,089,649 1,344,036 1,106,539
3.Net premium 583,322 650,429 805,176 639,901 633,283
4.Gross claims 487,099 513,880 630,052 616,816 547,467
5.Net claims 378,581 423,393 (522,426) 385,890 327,857
6.Underwriting profit 79,802 72,996 78,757 109,137 142,350
7.Profit/(loss) before taxation 69,996 17,386 (15,075) 53,347 78,921
8.Profit/(loss) after taxation 51,728 6,659 (27,544) 47,418 65,434
E.Other items
1.No. of ordinary shares (000) 15,675 20,377 20,377 20,378 30,821
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.30 0.00 0.00 0.10 0.05
4.Cash generated from operating activities 88,696 25,684 4,856 (53,585) (17,098)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.18 0.02 -0.10 0.15 0.15
2.Return on assets (ROA) (D8/C) 0.05 0.01 -0.02 0.03 0.04
3.Earning per share (D8/E1) (rs. per share) 3.30 0.33 -1.35 2.33 2.12
4.Net Claims Incurred Ratio (D5/D3) 0.65 0.65 -0.65 0.60 0.52
5.Underwriting profit to profit after tax. (D6/D8) 1.54 10.96 -2.86 2.30 2.18
6.Investment income to net premium (D1/D3) 0.09 0.02 -0.04 0.08 0.08
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.15 0.07 0.10 0.06 0.08
2. Investment to total assets (C3/C) 0.38 0.42 0.35 0.35 0.36
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.25 0.24 0.22 0.22 0.28
2.Break up value per share (A/E1) (Rs. per share) 18.16 14.52 13.17 15.50 14.02
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 1.71 3.86 -0.18 -1.13 -0.26
Atlas Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 970,153 626,019 747,963 856,397 1,009,919
1.Share capital 206,497 268,447 335,559 369,115 442,938
2.Reserves 353,064 557,064 222,064 244,064 265,064
3.Un appropriated profit 410,592 (199,492) 190,340 243,218 301,917
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 763,281 713,944 1,157,130 1,178,337 1,068,166
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 697,522 697,631 1,141,136 1,159,164 872,535
3.Other/misc. liabilities 65,759 16,313 15,994 19,173 195,631
C.Total assets (C1 to C5) 1,733,434 1,339,963 1,905,093 2,034,734 2,078,085
1.Cash and balances with banks 200,780 195,929 660,191 492,581 54,591
2.Advances to policy holders & employees 724 465 201 177 117
3.Investments in securities & properties 1,010,747 494,201 558,250 772,048 1,089,256
4.Other/misc. assets 479,504 600,072 639,030 726,012 888,629
5.Fixed assets 41,679 49,296 47,421 43,916 45,492
D.Profit & loss account
1.Investment income 314,703 (305,174) 118,230 102,634 133,572
2.Gross premium 709,197 861,402 782,700 1,004,381 1,120,290
3.Net premium 447,000 507,946 443,534 530,269 591,289
4.Gross claims 383,256 428,206 265,444 304,586 289,352
5.Net claims 215,104 231,434 192,355 (176,504) 153,294
6.Underwriting profit 144,593 158,386 104,467 199,924 253,585
7.Profit/(loss) before taxation 467,406 (140,994) (140,994) 327,130 400,084
8.Profit/(loss) after taxation 409,846 (199,585) (199,585) 242,658 301,168
E.Other items
1.No. of ordinary shares (000) 20,650 26,844 118,230 36,912 44,294
2.Cash dividend 0.70 0.25 0.00 0.40 0.40
3.Stock dividend/bonus shares 0.30 0.25 0.00 0.20 0.20
4.Cash generated from operating activities 175,398 2,067 357,794 30,056 (139,230)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.42 -0.32 -0.27 0.28 0.30
2.Return on assets (ROA) (D8/C) 0.24 -0.15 -0.10 0.12 0.14
3.Earning per share (D8/E1) (rs. per share) 19.85 -7.43 -1.69 6.57 6.80
4.Net Claims Incurred Ratio (D5/D3) 0.48 0.46 0.43 -0.33 0.26
5.Underwriting profit to profit after tax. (D6/D8) 0.35 -0.79 -0.52 0.82 0.84
6.Investment income to net premium (D1/D3) 0.70 -0.60 0.27 0.19 0.23
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.12 0.15 0.35 0.24 0.03
2. Investment to total assets (C3/C) 0.58 0.37 0.29 0.38 0.52
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.56 0.47 0.39 0.42 0.49
2.Break up value per share (A/E1) (Rs. per share) 46.98 23.32 6.33 23.20 22.80
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.43 -0.01 -1.79 0.12 -0.46
Capital Insurance Co. Ltd. (Thousand Rupees)
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 126,737 163,049 209,329 264,580 266,684
1.Share capital 120,362 160,125 200,157 250,196 262,705
2.Reserves 6,375 12,936 12,936 12,936 425
3.Un appropriated profit - (10,012) (3,764) 1,448 3,554
4.Others 548 9,207 8,747 8,700 8,657
B.Total liabilities (B1 to B3) 27,163 68,398 122,898 118,146 61,818
1.Balance of statutory funds - 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 15,814 17,841 48,904 107,853 55,346
3.Other/misc. liabilities 11,349 50,557 73,994 10,293 6,472
C.Total assets (C1 to C5) 154,448 240,654 340,974 391,426 337,159
1.Cash and balances with banks 55,737 67,572 71,516 71,853 43,800
2.Advances to policy holders & employees - 0 0 0 0
3.Investments in securities & properties 35,570 87,845 91,019 34,185 31,372
4.Other/misc. assets 24,653 62,696 156,426 263,307 237,589
5.Fixed assets 38,488 22,541 22,013 22,081 24,398
D.Profit & loss account
1.Investment income 10,392 3,645 12,870 8,705 4,298
2.Gross premium 16,196 0 55,593 55,593 22,949
3.Net premium 10,252 7,106 10,682 12,619 4,375
4.Gross claims 11,893 0 9,480 9,480 31,949
5.Net claims 1,756 (6,829) (1,590) 2,878 4,007
6.Underwriting profit 2,925 (9,055) 389 830 (6,154)
7.Profit/(loss) before taxation 15,235 (11,280) 6,956 6,813 3,171
8.Profit/(loss) after taxation (8,562) (11,475) 5,787 5,164 2,061
E.Other items
1.No. of ordinary shares 12,036 16,013 20,016 25,020 26,271
2.Cash dividend - 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (5,642) (10,686) (53,545) 1,144 (32,206)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -0.07 -0.07 0.03 0.02 0.01
2.Return on assets (ROA) (D8/C) -0.06 -0.05 0.02 0.01 0.01
3.Earning per share (D8/E1) (rs. per share) -0.71 -0.72 0.29 0.21 0.08
4.Net Claims Incurred Ratio (D5/D3) 0.17 -0.96 -0.15 0.23 0.92
5.Underwriting profit to profit after tax. (D6/D8) -0.34 0.79 0.07 0.16 -2.99
6.Investment income to net premium (D1/D3) 1.01 0.51 1.20 0.69 0.98
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.36 0.28 0.21 0.18 0.13
2. Investment to total assets (C3/C) 0.23 0.37 0.27 0.09 0.09
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.82 0.68 0.61 0.68 0.79
2.Break up value per share (A/E1) (Rs. per share) 10.53 10.18 10.46 10.57 10.15
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.66 0.93 -9.25 0.22 -15.63
Century Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 522,534 921,959 852,000 961,633 952,285
1.Share capital 254,024 457,244 457,244 457,244 457,244
2.Reserves 94,033 373,024 373,024 373,024 373,024
3.Un appropriated profit 174,477 91,691 21,732 131,365 122,017
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 1,169,031 371,585 299,836 368,834 520,940
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 1,058,385 330,418 259,048 312,834 432,518
3.Other/misc. liabilities 110,646 41,167 40,788 56,000 88,422
C.Total assets (C1 to C5) 1,691,565 1,293,544 1,151,836 1,330,467 1,473,225
1.Cash and balances with banks 248,821 316,416 75,313 87,060 97,520
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 464,231 464,449 735,978 840,031 859,878
4.Other/misc. assets 947,458 470,132 297,334 359,760 467,104
5.Fixed assets 31,055 42,547 43,211 43,616 48,723
D.Profit & loss account
1.Investment income 169,378 (38,041) (73,034) 105,875 22,333
2.Gross premium 356,401 406,147 427,410 467,394 534,752
3.Net premium 218,622 241,371 206,646 219,070 225,191
4.Gross claims 164,129 338,942 96,319 201,235 182,130
5.Net claims 146,163 79,296 64,707 106,646 80,505
6.Underwriting profit 37,933 122,260 95,030 63,644 87,325
7.Profit/(loss) before taxation 168,158 53,753 (39,947) 121,062 53,363
8.Profit/(loss) after taxation 167,992 18,422 (69,958) 109,631 36,349
E.Other items
1.No. of ordinary shares (000) 25,402 45,724 45,724 45,724 45,724
2.Cash dividend 0.00 0.00 0.00 0.10 0.10
3.Stock dividend/bonus shares 0.30 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 30,378 (167,937) 117,191 8,867 57,370
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.32 0.02 -0.08 0.11 0.04
2.Return on assets (ROA) (D8/C) 0.10 0.01 -0.06 0.08 0.02
3.Earning per share (D8/E1) (rs. per share) 6.61 0.40 -1.53 2.40 0.79
4.Net Claims Incurred Ratio (D5/D3) 0.67 0.33 0.31 0.49 0.36
5.Underwriting profit to profit after tax. (D6/D8) 0.23 6.64 -1.36 0.58 2.40
6.Investment income to net premium (D1/D3) 0.77 -0.16 -0.35 0.48 0.10
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.15 0.24 0.07 0.07 0.07
2. Investment to total assets (C3/C) 0.27 0.36 0.64 0.63 0.58
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.31 0.71 0.74 0.72 0.65
2.Break up value per share (A/E1) (Rs. per share) 20.57 20.16 18.63 21.03 20.83
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.18 -9.12 -1.68 0.08 1.58
Chubb Insurance Pakistan Ltd
Items Not available Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
Continental Insurance Co. Ltd. (Thousand Rupees)
Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) - - 312,015 326,898 314,339
1.Share capital - - 300,000 300,000 300,000
2.Reserves - - 0 0-
3.Un appropriated profit - - 12,015 26,898 14,339
4.Others - - 0 0-
B.Total liabilities (B1 to B3) - - 165,949 265,520 364,865
1.Balance of statutory funds - - 0 0-
2.Outstanding claims, adv., prem., due to other insurers - - 127,135 172,398 189,050
3.Other/misc. liabilities - - 38,814 93,122 175,815
C.Total assets (C1 to C5) - - 477,964 592,418 679,204
1.Cash and balances with banks - - 6,311 146,953 336,290
2.Advances to policy holders & employees - - 49,791 631 231
3.Investments in securities & properties - - 28,761 28,886 29,086
4.Other/misc. assets - - 138,616 159,407 58,606
5.Fixed assets - - 254,485 256,541 254,991
D.Profit & loss account
1.Investment income - - 3,385 6,539 11,490
2.Gross premium - - 125,810 148,616 -
3.Net premium - - 11,209 36,096 76,986
4.Gross claims - - 22,325 106,501 -
5.Net claims - - (3,372) (14,268) 72,812
6.Underwriting profit - - 14,710 39,980 10,980
7.Profit/(loss) before taxation - - 7,388 23,141 (9,787)
8.Profit/(loss) after taxation - - 6,242 14,751 (12,560)
E.Other items
1.No. of ordinary shares (000) - - 30,000 30,000 30,000
2.Cash dividend - - 0.00 0.00 0.00
3.Stock dividend/bonus shares - - 0.00 0.00 0.00
4.Cash generated from operating activities - - (1,644) 81,668 174,894
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - - 0.02 4.51% -0.04
2.Return on assets (ROA) (D8/C) - - 1.31% 2.49% -1.85%
3.Earning per share (D8/E1) (rs. per share) - - 0.21 0.49 -0.42
4.Net Claims Incurred Ratio (D5/D3) - - -30.08% -39.53% 94.58%
5.Underwriting profit to profit after tax. (D6/D8) - - 235.66% 271.03% -87.42%
6.Investment income to net premium (D1/D3) - - 0.30 18.12% 14.92%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - - 1.32% 24.81% 49.51%
2. Investment to total assets (C3/C) - - 6.02% 4.88% 4.28%
H.Capital /leverage ratios
1.Capital ratio (A/C) - - 65.28% 55.18% 46.28%
2.Break up value per share (A/E1) (Rs. per share) - - 10.40 10.90 10.48
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4- - -26.34% 553.64% -1392.47%
Crescent Star Insurance Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 123,177 109,648 79,165 82,909 84,336
1.Share capital 96,800 121,000 121,000 121,000 121,000
2.Reserves 26,265 26,265 26,265 26,265 26,264
3.Un appropriated profit 112 (37,617) (68,100) (64,356) (62,928)
4.Others 9,889 0 21,108 21,108 21,108
B.Total liabilities (B1 to B3) 177,732 177,051 137,504 110,589 96,934
1.Balance of statutory funds 0 0 - 0 0
2.Outstanding claims, adv., prem., due to other insurers 156,684 146,663 107,219 100,982 89,281
3.Other/misc. liabilities 21,048 30,388 30,285 9,607 7,653
C.Total assets (C1 to C5) 310,798 286,699 237,777 214,606 202,378
1.Cash and balances with banks 61,741 27,915 18,062 15,068 10,457
2.Advances to policy holders & employees 0 0 - 0 0
3.Investments in securities & properties 49,377 70,863 35,220 29,739 24,106
4.Other/misc. assets 171,654 161,052 139,247 128,110 126,126
5.Fixed assets 28,026 26,869 45,248 41,689 41,689
D.Profit & loss account
1.Investment income 19,393 (9,011) (25,009) 1,911 396
2.Gross premium 197,210 0 - 117,441 81,870
3.Net premium 170,281 140,800 105,364 74,157 60,230
4.Gross claims 130,299 0 - 35,025 39,349
5.Net claims 86,993 62,822 34,476 21,095 18,372
6.Underwriting profit 12,061 10,612 26,139 25,835 15,562
7.Profit/(loss) before taxation 26,086 (37,399) (43,379) 4,605 2,220
8.Profit/(loss) after taxation 24,036 (37,729) (30,483) 3,744 1,427
E.Other items
1.No. of ordinary shares (000) 9,680 12,100 12,100 12,100 12,100
2.Cash dividend 0.25 0.00 - 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 - 0.00 0.00
4.Cash generated from operating activities (5,921) (12,741) (17,950) (9,045) (9,704)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.20 -0.34 -0.39 0.05 0.02
2.Return on assets (ROA) (D8/C) 0.08 -0.13 -0.13 0.02 0.01
3.Earning per share (D8/E1) (rs. per share) 2.48 -3.12 -2.52 0.31 0.12
4.Net Claims Incurred Ratio (D5/D3) 0.51 0.45 0.33 0.28 0.31
5.Underwriting profit to profit after tax. (D6/D8) 0.50 -0.28 -0.86 6.90 10.91
6.Investment income to net premium (D1/D3) 0.11 -0.06 -0.24 0.03 0.01
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.20 0.10 0.08 0.07 0.05
2. Investment to total assets (C3/C) 0.16 0.25 0.15 0.14 0.12
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.40 0.38 0.33 0.39 0.42
2.Break up value per share (A/E1) (Rs. per share) 12.72 9.06 6.54 6.85 6.97
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -0.25 0.34 0.59 -2.42 -6.80
Cyan Ltd. (Thousand Rupees)
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 4,115,396 4,187,070 3,293,190 3,355,818 3,116,433
1.Share capital 139,834 184,581 203,039 279,179 390,851
2.Reserves 133,088 133,088 133,088 133,088 133,088
3.Un appropriated profit 3,842,474 3,869,401 2,957,063 2,943,551 2,592,494
4.Others 0 0 0 528,709 37,670
B.Total liabilities (B1 to B3) 188,336 156,610 155,731 179,752 48,544
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 146,257 137,895 141,349 110,234 32,040
3.Other/misc. liabilities 42,079 18,715 14,382 69,518 16,504
C.Total assets (C1 to C5) 4,303,732 4,343,680 3,448,921 4,064,279 3,202,647
1.Cash and balances with banks 97,520 64,773 65,136 8,296 19,230
2.Advances to policy holders & employees 0 0 0 29,595 100
3.Investments in securities & properties 4,017,496 4,124,141 3,249,876 3,927,349 2,947,025
4.Other/misc. assets 185,076 151,606 131,369 97,108 234,702
5.Fixed assets 3,640 3,160 2,540 1,931 1,590
D.Profit & loss account
1.Investment income 2,752,567 128,412 128,412 179,500 479,664
2.Gross premium 145,629 110,070 123,891 117,092 13,342
3.Net premium 20,851 14,758 13,397 10,509 (4,503)
4.Gross claims 23,055 24,235 50,816 1,095 (14,815)
5.Net claims 8,713 6,562 7,695 4,701 (9,588)
6.Underwriting profit 12,612 14,993 10,774 3,996 (12,835)
7.Profit/(loss) before taxation 2,764,738 133,687 (844,897) 110,272 (159,254)
8.Profit/(loss) after taxation 2,747,982 116,421 (855,118) 108,312 (197,508)
E.Other items
1.No. of ordinary shares 13,983 18,458 20,304 27,918 39,085
2.Cash dividend 0.50 0.20 0.20 0.25 0.25
3.Stock dividend/bonus shares 0.20 0.20 0.20 0.50 0.00
4.Cash generated from operating activities (29,932) 5,914 9,519 (43,834) 86,197
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.67 0.03 -0.26 0.03 -0.06
2.Return on assets (ROA) (D8/C) 0.64 0.03 -0.25 0.03 -0.06
3.Earning per share (D8/E1) (rs. per share) 196.52 6.31 -42.12 3.88 -5.05
4.Net Claims Incurred Ratio (D5/D3) 0.42 0.44 0.57 0.45 2.13
5.Underwriting profit to profit after tax. (D6/D8) 0.00 0.13 -0.01 0.04 0.07
6.Investment income to net premium (D1/D3) 132.01 8.70 9.59 17.08 -106.52
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.02 0.01 0.02 0.00 0.01
2. Investment to total assets (C3/C) 0.93 0.95 0.94 0.97 0.92
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.96 0.96 0.95 0.83 0.97
2.Break up value per share (A/E1) (Rs. per share) 294.31 226.84 162.19 120.20 79.73
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -0.01 0.05 -0.01 -0.40 -0.44
E.F.U.General Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 16,164,267 10,093,041 10,451,590 9,591,171 9,995,869
1.Share capital 1,000,000 1,150,000 1,150,000 1,250,000 1,250,000
2.Reserves 600,000 14,400,000 8,500,000 8,662,902 8,162,902
3.Un appropriated profit 14,564,267 (5,456,959) 801,590 (321,731) 582,967
4.Others 12,902 12,902 12,902 0 0
B.Total liabilities (B1 to B3) 11,212,806 11,123,749 11,474,458 14,950,498 14,382,169
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 10,491,258 10,277,630 9,710,098 13,849,184 12,805,452
3.Other/misc. liabilities 721,548 846,119 1,764,360 1,101,314 1,576,717
C.Total assets (C1 to C5) 27,389,975 21,229,692 21,938,950 24,541,669 24,378,038
1.Cash and balances with banks 1,162,876 1,303,684 1,349,606 1,706,571 1,758,119
2.Advances to policy holders & employees 3,770 2,880 2,775 3,293 3,326
3.Investments in securities & properties 18,867,856 12,091,082 12,885,838 11,899,434 12,552,086
4.Other/misc. assets 6,930,434 7,223,793 7,155,256 10,223,286 9,304,862
5.Fixed assets 425,039 608,253 545,475 709,085 759,645
D.Profit & loss account
1.Investment income 14,812,295 (5,299,619) 673,524 (357,955) 185,101
2.Gross premium 8,961,395 9,598,000 9,694,833 9,699,192 12,042,667
3.Net premium 6,110,504 6,136,944 5,570,211 5,846,591 6,224,495
4.Gross claims 7,419,674 7,418,000 5,267,381 8,176,868 4,809,747
5.Net claims 5,092,241 4,369,507 3,911,444 3,941,583 3,707,552
6.Underwriting profit (176,932) 371,433 66,535 111,875 693,348
7.Profit/(loss) before taxation 14,457,295 (5,442,922) 801,443 (359,763) 841,544
8.Profit/(loss) after taxation 14,536,309 (5,471,226) 732,299 (413,321) 560,948
E.Other items
1.No. of ordinary shares (000) 100,000 115,000 115,000 125,000 125,000
2.Cash dividend 0.60 0.33 0.40 0.13 0.28
3.Stock dividend/bonus shares 0.15 0.00 0.09 0.00 0.00
4.Cash generated from operating activities 252,082 (507,154) 204,961 140,124 434,352
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.90 -0.54 0.07 -0.04 0.06
2.Return on assets (ROA) (D8/C) 0.53 -0.26 0.03 -0.02 0.02
3.Earning per share (D8/E1) (rs. per share) 145.36 -47.58 6.37 -3.31 4.49
4.Net Claims Incurred Ratio (D5/D3) 0.83 0.71 0.70 0.67 0.60
5.Underwriting profit to profit after tax. (D6/D8) -0.01 -0.07 0.09 -0.27 1.24
6.Investment income to net premium (D1/D3) 2.42 -0.86 0.12 -0.06 0.03
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.04 0.06 0.06 0.07 0.07
2. Investment to total assets (C3/C) 0.69 0.57 0.59 0.48 0.51
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.59 0.48 0.48 0.39 0.41
2.Break up value per share (A/E1) (Rs. per share) 161.64 87.77 90.88 76.73 79.97
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.02 0.09 0.28 -0.34 0.77
East West Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 634,084 866,835 329,712 338,155 398,043
1.Share capital 172,851 228,526 228,526 251,379 301,655
2.Reserves 100,200 110,200 100,200 77,200 75,000
3.Un appropriated profit 361,033 528,109 986 9,576 21,388
4.Others 10,000 0 0 0 0
B.Total liabilities (B1 to B3) 319,599 406,489 330,770 295,487 315,912
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 273,563 76,513 41,679 290,341 264,150
3.Other/misc. liabilities 46,036 329,976 289,091 5,146 51,762
C.Total assets (C1 to C5) 963,683 1,273,324 660,482 633,642 713,955
1.Cash and balances with banks 79,596 76,231 55,220 40,123 52,573
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 565,276 813,959 232,810 191,758 243,535
4.Other/misc. assets 254,071 280,529 257,468 276,918 307,104
5.Fixed assets 64,740 102,605 114,984 124,843 110,743
D.Profit & loss account
1.Investment income 330,006 255,149 (561,658) 31,561 31,364
2.Gross premium 502,243 0 674,106 584,241 673,320
3.Net premium 319,502 405,705 436,968 331,968 387,685
4.Gross claims 250,080 0 314,945 306,991 233,491
5.Net claims 125,486 168,452 178,296 (151,321) 153,899
6.Underwriting profit 53,470 80,338 89,271 45,451 81,803
7.Profit/(loss) before taxation 335,969 277,016 (527,995) 15,548 47,871
8.Profit/(loss) after taxation 326,263 265,827 537,123 8,443 34,750
E.Other items
1.No. of ordinary shares (000) 17,285 22,853 22,853 25,138 30,166
2.Cash dividend 0.10 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.17 0.00 0.00 0.10 0.10
4.Cash generated from operating activities 0 47,017 10,293 1,846 8,777
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.51 0.31 1.63 0.03 0.09
2.Return on assets (ROA) (D8/C) 0.34 0.21 0.81 0.01 0.05
3.Earning per share (D8/E1) (rs. per share) 18.88 11.63 23.50 0.34 1.15
4.Net Claims Incurred Ratio (D5/D3) 0.39 0.42 0.41 -0.46 0.40
5.Underwriting profit to profit after tax. (D6/D8) 0.16 0.30 0.17 5.38 2.35
6.Investment income to net premium (D1/D3) 1.03 0.63 -1.29 0.10 0.08
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.08 0.06 0.08 0.06 0.07
2. Investment to total assets (C3/C) 0.59 0.64 0.35 0.30 0.34
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.66 0.68 0.50 0.53 0.56
2.Break up value per share (A/E1) (Rs. per share) 36.68 37.93 14.43 13.45 13.20
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.00 0.18 0.02 0.22 0.25
Excel Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 134,187 181,754 203,725 282,954 273,653
1.Share capital 120,000 160,000 200,000 250,000 300,000
2.Reserves 110 110 110 32,844 110
3.Un appropriated profit 14,077 21,644 3,615 110 (26,457)
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 40,435 41,139 33,172 24,544 16,155
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 21,747 20,825 26,495 17,207 10,347
3.Other/misc. liabilities 18,688 20,314 6,677 7,337 5,808
C.Total assets (C1 to C5) 174,622 222,893 236,897 307,498 289,808
1.Cash and balances with banks 24,003 13,365 101,131 57,683 24,336
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 85,694 155,044 59,941 185,621 202,220
4.Other/misc. assets 54,836 44,208 67,069 57,457 58,002
5.Fixed assets 10,089 10,276 8,756 6,737 5,250
D.Profit & loss account
1.Investment income 28,682 17,299 2,741 37,011 11,798
2.Gross premium 32,961 42,018 42,018 31,108 15,077
3.Net premium 16,262 18,289 18,051 16,090 6,022
4.Gross claims 48,113 19,199 19,199 5,905 5,905
5.Net claims 4,929 7,236 4,551 4,272 1,762
6.Underwriting profit (752) 1,164 2,607 1,033 (3,087)
7.Profit/(loss) before taxation 19,802 9,444 (931) 31,689 (7,744)
8.Profit/(loss) after taxation 14,077 21,644 (2,029) 29,229 (9,301)
E.Other items
1.No. of ordinary shares (000) 12,000 16,000 20,000 25,000 25,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.03 0.00 0.00 0.00 0.20
4.Cash generated from operating activities (28,972) 1,829 (19,075) (9,252) (20,254)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.10 0.12 -0.01 0.10 -0.03
2.Return on assets (ROA) (D8/C) 0.08 0.10 -0.01 0.10 -0.03
3.Earning per share (D8/E1) (rs. per share) 1.17 1.35 -0.10 1.17 -0.37
4.Net Claims Incurred Ratio (D5/D3) 0.30 0.40 0.25 0.27 0.29
5.Underwriting profit to profit after tax. (D6/D8) -0.05 0.05 -1.28 0.04 0.33
6.Investment income to net premium (D1/D3) 1.76 0.95 0.15 2.30 1.96
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.14 0.06 0.43 0.19 0.08
2. Investment to total assets (C3/C) 0.49 0.70 0.25 0.60 0.70
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.77 0.82 0.86 0.92 0.94
2.Break up value per share (A/E1) (Rs. per share) 11.18 11.36 10.19 11.32 10.95
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -2.06 0.08 9.40 -0.32 2.18
Habib Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 1,237,675 663,290 823,544 851,885 876,863
1.Share capital 296,595 355,914 400,403 400,403 450,454
2.Reserves 504,122 654,122 204,122 197,360 254,122
3.Un appropriated profit 436,958 (346,746) 219,019 254,122 172,287
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 863,429 794,176 792,791 815,100 1,001,868
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 711,642 592,613 540,481 570,936 703,681
3.Other/misc. liabilities 151,787 201,563 252,310 244,164 298,187
C.Total assets (C1 to C5) 2,101,104 1,457,466 1,616,335 1,666,985 1,878,731
1.Cash and balances with banks 129,940 57,435 26,520 57,999 50,432
2.Advances to policy holders & employees 981 1,899 1,899 3,143 31,237
3.Investments in securities & properties 1,313,616 719,561 932,041 925,540 916,434
4.Other/misc. assets 613,159 634,086 611,390 641,355 866,503
5.Fixed assets 43,408 44,485 44,485 38,948 14,125
D.Profit & loss account
1.Investment income 443,375 (390,531) (390,531) 149,355 117,389
2.Gross premium 685,606 734,275 734,275 754,013 894,331
3.Net premium 335,974 397,960 397,960 394,643 420,310
4.Gross claims 425,065 380,313 380,313 317,065 436,243
5.Net claims 217,176 202,219 202,219 183,787 231,180
6.Underwriting profit 6,628 67,687 67,687 87,471 60,193
7.Profit/(loss) before taxation 407,517 (379,447) (379,447) 192,188 149,044
8.Profit/(loss) after taxation 420,378 (396,428) (396,428) 168,482 126,296
E.Other items
1.No. of ordinary shares (000) 59,319 71,182 71,182 80,081 90,091
2.Cash dividend 0.60 0.13 0.13 0.25 0.25
3.Stock dividend/bonus shares 0.20 0.13 0.13 0.13 0.10
4.Cash generated from operating activities 24,770 (88,311) (88,311) 4,160 (77,378)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.34 -0.60 -0.48 0.20 0.14
2.Return on assets (ROA) (D8/C) 0.20 -0.27 -0.25 0.10 0.07
3.Earning per share (D8/E1) (rs. per share) 7.09 -5.57 -5.57 2.10 1.40
4.Net Claims Incurred Ratio (D5/D3) 0.65 0.51 0.51 0.47 0.55
5.Underwriting profit to profit after tax. (D6/D8) 0.02 -0.17 -0.17 0.52 0.48
6.Investment income to net premium (D1/D3) 1.32 -0.98 -0.98 0.38 0.28
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.06 0.04 0.02 0.03 0.03
2. Investment to total assets (C3/C) 0.63 0.49 0.58 0.56 0.49
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.59 0.46 0.51 0.51 0.47
2.Break up value per share (A/E1) (Rs. per share) 20.86 9.32 11.57 10.64 9.73
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.06 0.22 0.22 0.02 -0.61
Hallmark Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - 879 600 115 (28)
1.Share capital - 5,000 5,000 5,000 5,000
2.Reserves - 0 0 0 0
3.Un appropriated profit - (4,121) (4,400) (4,885) (5,028)
4.Others - 0 0 0 0
B.Total liabilities (B1 to B3) - 3,301 3,336 3,412 2,226
1.Balance of statutory funds - 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers - 1,448 1,448 1,448 1,448
3.Other/misc. liabilities - 1,853 1,888 1,964 778
C.Total assets (C1 to C5) - 4,180 3,936 3,527 2,198
1.Cash and balances with banks - 964 720 492 492
2.Advances to policy holders & employees - 0 0 0 0
3.Investments in securities & properties - 0 0 0 0
4.Other/misc. assets - 1,828 1,828 1,910 610
5.Fixed assets - 1,388 1,388 1,125 1,096
D.Profit & loss account
1.Investment income - 0 0 0 0
2.Gross premium - 0 0 0 0
3.Net premium - 0 0 0 0
4.Gross claims - 0 0 0 0
5.Net claims - 0 0 0 0
6.Underwriting profit - 0 0 0 0
7.Profit/(loss) before taxation - (272) (279) 0 0
8.Profit/(loss) after taxation - (272) (279) 0 0
E.Other items
1.No. of ordinary shares - 500 500 500 500
2.Cash dividend - 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities - (232) (244) (228) 0
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - -0.31 -0.47 0.00 0.00
2.Return on assets (ROA) (D8/C) - -0.07 -0.07 0.00 0.00
3.Earning per share (D8/E1) (rs. per share) - -0.54 -0.56 0.00 0.00
4.Net Claims Incurred Ratio (D5/D3) - - - - -
5.Underwriting profit to profit after tax. (D6/D8) - 0.00 0.00 - -
6.Investment income to net premium (D1/D3) - - - - -
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - 0.23 0.18 0.14 0.22
2. Investment to total assets (C3/C) - 0.00 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) - 0.21 0.15 0.03 -0.01
2.Break up value per share (A/E1) (Rs. per share) - 1.76 1.20 0.23 -0.06
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - 0.85 0.87 - -
IGI General Insurance Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 11,280,350 10,846,519 10,960,813 11,575,854 11,179,366
1.Share capital 319,301 598,689 598,689 718,427 1,115,359
2.Reserves 8,103,740 10,624,177 10,534,374 10,264,964 9,530,371
3.Un appropriated profit 2,857,309 (376,347) (172,250) 592,463 533,636
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 2,823,754 2,354,120 1,405,253 1,384,597 2,291,439
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 1,118,664 878,223 124,523 76,565 1,463,515
3.Other/misc. liabilities 1,705,090 1,475,897 1,280,730 1,308,032 827,924
C.Total assets (C1 to C5) 14,104,104 13,200,639 12,366,066 12,960,451 13,470,805
1.Cash and balances with banks 205,911 258,260 6,809 421 77,517
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 12,404,727 11,709,948 11,235,758 12,002,730 11,608,505
4.Other/misc. assets 1,184,183 929,900 842,954 783,406 1,619,668
5.Fixed assets 309,283 302,531 280,545 173,894 165,115
D.Profit & loss account
1.Investment income 3,021,533 (157,476) (414,649) 929,344 492,524
2.Gross premium 1,039,605 1,035,000 1,155,775 1,247,470 1,747,015
3.Net premium 586,073 542,515 614,586 720,733 852,329
4.Gross claims 682,635 423,000 437,930 473,625 1,388,264
5.Net claims 347,805 240,931 257,052 364,411 530,525
6.Underwriting profit 160,803 193,166 253,103 205,095 207,782
7.Profit/(loss) before taxation 2,984,217 (404,103) 364,766 920,771 56,632
8.Profit/(loss) after taxation 2,930,279 (377,042) 263,966 836,556 49,703
E.Other items
1.No. of ordinary shares (000) 31,930 59,869 59,869 71,843 111,536
2.Cash dividend 0.40 0.15 0.35 0.30 0.50
3.Stock dividend/bonus shares 0.25 0.50 0.00 0.55 0.15
4.Cash generated from operating activities 2,306 (27,651) 126,941 278,667 (18,106)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.26 -0.03 0.02 0.07 0.00
2.Return on assets (ROA) (D8/C) 0.21 -0.03 0.02 0.06 0.00
3.Earning per share (D8/E1) (rs. per share) 91.77 -6.30 4.41 11.64 0.45
4.Net Claims Incurred Ratio (D5/D3) 0.59 0.44 0.42 0.51 0.62
5.Underwriting profit to profit after tax. (D6/D8) 0.05 -0.51 0.96 0.25 4.18
6.Investment income to net premium (D1/D3) 5.16 -0.29 -0.67 1.29 0.58
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.01 0.02 0.00 0.00 0.01
2. Investment to total assets (C3/C) 0.88 0.89 0.91 0.93 0.86
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.80 0.82 0.89 0.89 0.83
2.Break up value per share (A/E1) (Rs. per share) 353.28 181.17 183.08 161.13 100.23
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.00 0.07 0.48 0.33 -0.36
Jubilee General Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 2,411,663 2,061,314 2,621,006 2,903,875 3,542,869
1.Share capital 549,290 659,148 659,148 790,977 988,721
2.Reserves 1,203,939 1,553,232 1,255,332 1,579,384 1,679,384
3.Un appropriated profit 658,434 (151,066) 706,526 533,514 874,764
4.Others - 0 0 0 0
B.Total liabilities (B1 to B3) 3,521,043 3,363,858 3,798,883 4,798,183 5,431,966
1.Balance of statutory funds - 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 2,961,315 2,749,505 3,040,509 3,749,612 4,171,474
3.Other/misc. liabilities 559,728 614,353 758,374 1,048,571 1,260,492
C.Total assets (C1 to C5) 5,932,706 5,425,172 6,419,889 7,702,058 8,974,835
1.Cash and balances with banks 1,680,625 1,670,155 2,028,132 974,783 967,361
2.Advances to policy holders & employees 433 364 294 791 849
3.Investments in securities & properties 2,032,089 1,554,039 1,902,811 3,855,601 5,082,078
4.Other/misc. assets 2,040,607 2,102,654 2,382,103 2,776,025 2,827,350
5.Fixed assets 178,952 97,960 106,549 94,858 97,197
D.Profit & loss account
1.Investment income 599,208 181,707 452,253 407,598 611,966
2.Gross premium 3,430,376 3,526,000 3,916,086 4,223,635 5,180,000
3.Net premium 1,818,775 2,186,443 2,297,720 2,451,227 2,764,204
4.Gross claims 1,905,556 1,829,800 1,951,318 2,291,778 2,089,885
5.Net claims 1,413,733 1,332,461 1,420,977 1,677,614 1,699,094
6.Underwriting profit (207,033) 108,115 114,121 (64,085) 153,756
7.Profit/(loss) before taxation 575,041 (179,153) 771,898 546,682 892,911
8.Profit/(loss) after taxation 588,456 (267,249) 656,464 450,151 797,189
E.Other items
1.No. of ordinary shares (000) 54,929 65,915 65,915 79,098 98,872
2.Cash dividend 0.30 0.00 0.30 0.20 0.30
3.Stock dividend/bonus shares 0.20 0.00 0.20 0.25 0.20
4.Cash generated from operating activities 58,306 (102,885) 216,551 474,037 599,038
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.24 -0.13 0.25 0.16 0.23
2.Return on assets (ROA) (D8/C) 0.10 -0.05 0.10 0.06 0.09
3.Earning per share (D8/E1) (rs. per share) 10.71 -4.05 9.96 5.69 8.06
4.Net Claims Incurred Ratio (D5/D3) 0.78 0.61 0.62 0.68 0.61
5.Underwriting profit to profit after tax. (D6/D8) -0.35 -0.40 0.17 -0.14 0.19
6.Investment income to net premium (D1/D3) 0.33 0.08 0.20 0.17 0.22
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.28 0.31 0.32 0.13 0.11
2. Investment to total assets (C3/C) 0.34 0.29 0.30 0.50 0.57
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.41 0.38 0.41 0.38 0.39
2.Break up value per share (A/E1) (Rs. per share) 43.91 31.27 39.76 36.71 35.83
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.10 0.39 0.33 1.05 0.75
National Insurance Corporation (Thousand Rupees)
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - 14,104,699 16,137,364 15,728,795 15,728,795
1.Share capital - 2,000,000 2,000,000 2,000,000 2,000,000
2.Reserves - 10,400,000 11,500,000 11,500,000 11,500,000
3.Un appropriated profit - 1,704,699 2,637,364 2,228,795 2,228,795
4.Others - 0 0 0 0
B.Total liabilities (B1 to B3) - 8,147,936 11,135,642 11,079,800 11,079,800
1.Balance of statutory funds - 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers - 5,944,797 8,186,245 8,186,245 8,186,245
3.Other/misc. liabilities - 2,203,139 2,949,397 2,893,555 2,893,555
C.Total assets (C1 to C5) - 22,252,635 27,273,006 26,808,595 26,808,595
1.Cash and balances with banks - 4,807,038 3,514,665 3,486,575 3,486,575
2.Advances to policy holders & employees - 25,298 26,767 26,767 26,767
3.Investments in securities & properties - 11,626,851 15,416,074 15,427,447 15,427,447
4.Other/misc. assets - 5,711,066 7,312,172 7,527,628 7,527,628
5.Fixed assets - 82,382 1,003,328 340,178 340,178
D.Profit & loss account
1.Investment income - (389,169) 2,030,436 2,011,000 2,011,000
2.Gross premium - 5,492,000 5,655,348 5,655,000 5,655,000
3.Net premium - 2,903,518 3,004,999 3,005,000 3,005,000
4.Gross claims - 1,243,924 3,058,338 3,058,000 3,058,000
5.Net claims - 1,028,247 986,654 987,000 987,000
6.Underwriting profit - 1,583,379 1,630,096 1,630,000 1,630,000
7.Profit/(loss) before taxation - 1,513,614 3,579,468 3,586,000 3,586,000
8.Profit/(loss) after taxation - 1,050,277 2,524,567 2,533,000 2,533,000
E.Other items
1.No. of ordinary shares - 200,000 200,000 200,000 200,000
2.Cash dividend - 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities - 528,334 1,023,667 (1,316) (1,316)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - 0.07 0.16 0.16 0.16
2.Return on assets (ROA) (D8/C) - 0.05 0.09 0.09 0.09
3.Earning per share (D8/E1) (rs. per share) - 5.25 12.62 12.67 12.67
4.Net Claims Incurred Ratio (D5/D3) - 0.35 0.33 0.33 0.33
5.Underwriting profit to profit after tax. (D6/D8) - 1.51 0.65 0.64 0.64
6.Investment income to net premium (D1/D3) - -0.13 0.68 0.67 0.67
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - 0.22 0.13 0.13 0.13
2. Investment to total assets (C3/C) - 0.52 0.57 0.58 0.58
H.Capital /leverage ratios
1.Capital ratio (A/C) - 0.63 0.59 0.59 0.59
2.Break up value per share (A/E1) (Rs. per share) - 70.52 80.69 78.64 78.64
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - 0.50 0.41 0.00 0.00
New Hampshire Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - 1,073,053 1,241,289 928,058 1,002,279
1.Share capital - 1,073,053 1,241,289 928,058 1,002,279
2.Reserves - 0 0 0 0
3.Un appropriated profit - 0 0 0 0
4.Others - 0 0 0 0
B.Total liabilities (B1 to B3) - 814,820 956,695 1,596,194 1,751,481
1.Balance of statutory funds - 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers - 141,802 216,705 1,288,621 1,431,277
3.Other/misc. liabilities - 673,018 739,990 307,573 320,204
C.Total assets (C1 to C5) - 1,887,873 2,197,984 2,524,252 2,753,760
1.Cash and balances with banks - 546,920 319,850 682,920 1,106,672
2.Advances to policy holders & employees - 0 0 0 0
3.Investments in securities & properties - 435,617 863,092 751,912 529,831
4.Other/misc. assets - 817,610 936,126 1,025,504 1,056,922
5.Fixed assets - 87,726 78,916 63,916 60,335
D.Profit & loss account
1.Investment income - 92,189 131,761 158,726 177,545
2.Gross premium - 0 849,199 849,199 1,338,447
3.Net premium - 479,927 382,172 405,937 443,395
4.Gross claims - 0 406,573 406,573 470,519
5.Net claims - 205,594 169,222 201,105 268,243
6.Underwriting profit - 152,668 98,923 103,498 66,829
7.Profit/(loss) before taxation - 82,599 32,203 92,783 108,147
8.Profit/(loss) after taxation - 52,498 17,142 56,577 74,221
E.Other items
1.No. of ordinary shares (000) - 107,305 124,129 92,806 100,228
2.Cash dividend - 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities - (224,313) 104,776 106,751 35,739
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - 0.05 0.01 0.06 0.07
2.Return on assets (ROA) (D8/C) - 0.03 0.01 0.02 0.03
3.Earning per share (D8/E1) (rs. per share) - 0.49 0.14 0.61 0.74
4.Net Claims Incurred Ratio (D5/D3) - 0.43 0.44 0.50 0.61
5.Underwriting profit to profit after tax. (D6/D8) - 2.91 5.77 1.83 0.90
6.Investment income to net premium (D1/D3) - 0.19 0.34 0.39 0.40
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - 0.29 0.15 0.27 0.40
2. Investment to total assets (C3/C) - 0.23 0.39 0.30 0.19
H.Capital /leverage ratios
1.Capital ratio (A/C) - 0.57 0.56 0.37 0.36
2.Break up value per share (A/E1) (Rs. per share) - 10.00 10.00 10.00 10.00
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - -4.27 6.11 1.89 0.48
Pakistan Mutual Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 7,956 2,679 2,446 2,834 8,936
1.Share capital 0 0 0 0 0
2.Reserves 5,027 29 29 29 29
3.Un appropriated profit 2,929 2,650 2,417 2,805 8,907
4.Others 1,944 0 0 0 0
B.Total liabilities (B1 to B3) 909 6,577 5,037 3,472 5,157
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 292 6,051 4,724 2,270 3,881
3.Other/misc. liabilities 617 526 313 1,202 1,276
C.Total assets (C1 to C5) 10,809 9,256 7,483 6,306 14,093
1.Cash and balances with banks 2,009 3,053 1,778 515 9,210
2.Advances to policy holders & employees 0 0 0 240 420
3.Investments in securities & properties 3,003 16 0 0 0
4.Other/misc. assets 2,719 2,879 2,889 2,684 3,041
5.Fixed assets 3,078 3,308 2,816 2,867 1,422
D.Profit & loss account
1.Investment income 60 94 77 0 0
2.Gross premium 4,824 0 5,223 5,223 6,966
3.Net premium 4,548 4,855 5,009 4,900 6,170
4.Gross claims 456 0 0 0 633
5.Net claims 396 (446) (236) 64 593
6.Underwriting profit 3,816 (2,409) (2,179) (1,941) (1,950)
7.Profit/(loss) before taxation (3,076) (1,514) (1,545) (1,328) 6,183
8.Profit/(loss) after taxation (3,099) (1,547) (1,560) (1,377) 6,102
E.Other items
1.No. of ordinary shares 0 0 0 0 0
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (1,299) 0 (1,389,168) (1,524) 206
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -0.39 -0.58 -0.64 -0.49 0.68
2.Return on assets (ROA) (D8/C) -0.29 -0.17 -0.21 -0.22 0.43
3.Earning per share (D8/E1) (rs. per share) - - - - -
4.Net Claims Incurred Ratio (D5/D3) 0.09 -0.09 -0.05 0.01 0.10
5.Underwriting profit to profit after tax. (D6/D8) -1.23 1.56 1.40 1.41 -0.32
6.Investment income to net premium (D1/D3) 0.01 0.02 0.02 0.00 0.00
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.19 0.33 0.24 0.08 0.65
2. Investment to total assets (C3/C) 0.28 0.00 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.74 0.29 0.33 0.45 0.63
2.Break up value per share (A/E1) (Rs. per share) - - - - -
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.42 0.00 890.49 1.11 0.03
Pakistan Reinsurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 6,098,518 7,265,744 6,785,655 6,411,908 5,981,854
1.Share capital 540,000 3,000,000 3,000,000 3,000,000 3,000,000
2.Reserves 1,777,419 2,058,419 2,058,419 2,058,419 2,058,420
3.Un appropriated profit 3,781,099 2,207,325 1,727,236 1,353,489 923,434
4.Others 281,000 0 0 0 0
B.Total liabilities (B1 to B3) 5,117,531 5,262,715 5,586,960 6,122,986 8,491,743
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 4,788,990 4,908,677 5,284,063 437,230 7,696,032
3.Other/misc. liabilities 328,541 354,038 302,897 5,685,756 795,711
C.Total assets (C1 to C5) 11,497,049 12,528,459 12,372,615 12,534,894 14,473,597
1.Cash and balances with banks 1,021,124 2,836,632 1,833,648 2,416,631 1,597,263
2.Advances to policy holders & employees 48,441 53,006 53,667 55,092 56,634
3.Investments in securities & properties 6,463,114 5,506,687 5,526,830 4,716,518 5,832,677
4.Other/misc. assets 3,933,666 4,091,466 4,909,805 5,299,237 6,937,983
5.Fixed assets 30,704 40,668 48,665 47,416 49,040
D.Profit & loss account
1.Investment income 3,689,377 846,394 1,099,396 653,470 890,804
2.Gross premium 4,730,554 4,516,903 5,211,129 6,445,810 6,893,000
3.Net premium 1,693,082 1,895,574 2,170,949 2,940,508 3,534,950
4.Gross claims 2,236,125 1,654,119 1,021,680 2,821,099 2,570,843
5.Net claims 931,289 961,692 904,799 1,688,408 2,017,545
6.Underwriting profit 205,998 206,136 481,499 291,143 379,426
7.Profit/(loss) before taxation 3,858,647 1,138,999 318,280 650,504 1,257,528
8.Profit/(loss) after taxation 3,725,253 886,225 269,911 526,253 844,813
E.Other items
1.No. of ordinary shares (000) 54,000 300,000 300,000 300,000 300,000
2.Cash dividend 0.20 0.00 0.00 0.30 0.30
3.Stock dividend/bonus shares 4.56% 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (36,181) (19,026) (122,713) 114,425 412,255
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.61 0.12 0.04 0.08 0.14
2.Return on assets (ROA) (D8/C) 0.32 0.07 0.02 0.04 0.06
3.Earning per share (D8/E1) (rs. per share) 68.99 2.95 0.90 1.75 2.82
4.Net Claims Incurred Ratio (D5/D3) 0.55 0.51 0.42 0.57 0.57
5.Underwriting profit to profit after tax. (D6/D8) 0.06 0.23 1.78 0.55 0.45
6.Investment income to net premium (D1/D3) 2.18 0.45 0.51 0.22 0.25
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.09 0.23 0.15 0.19 0.11
2. Investment to total assets (C3/C) 0.56 0.44 0.45 0.38 0.40
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.53 0.58 0.55 0.51 0.41
2.Break up value per share (A/E1) (Rs. per share) 112.94 24.22 22.62 21.37 19.94
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -0.01 -0.02 -0.45 0.22 0.49
PICIC Insurance Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 112,208 208,956 225,810 230,837 250,698
1.Share capital 200,000 350,000 350,000 350,000 350,000
2.Reserves 0 0 0 0 0
3.Un appropriated profit (87,792) (141,044) (124,190) (119,163) (99,302)
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 531,633 495,280 505,279 689,085 820,881
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 474,371 440,432 122,024 683,269 687,733
3.Other/misc. liabilities 57,262 54,848 383,255 5,816 133,148
C.Total assets (C1 to C5) 643,841 704,236 731,089 919,922 1,071,579
1.Cash and balances with banks 60,747 187,410 161,010 217,889 236,273
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 132,298 37,107 45,118 50,654 54,182
4.Other/misc. assets 429,185 466,003 521,878 643,136 772,592
5.Fixed assets 21,611 13,716 3,083 8,243 8,532
D.Profit & loss account
1.Investment income 19,235 (3,296) 10,942 6,221 3,441
2.Gross premium 473,858 468,116 480,130 504,873 694,665
3.Net premium 303,401 227,853 199,656 166,770 224,914
4.Gross claims 381,628 286,575 196,405 195,243 297,079
5.Net claims 268,258 154,262 106,295 91,135 143,668
6.Underwriting profit (97,520) (18,738) 10,942 4,890 19,981
7.Profit/(loss) before taxation (94,195) (50,417) 16,854 5,090 8,424
8.Profit/(loss) after taxation (93,893) (53,252) 16,854 5,027 11,770
E.Other items
1.No. of ordinary shares (000) 20,000 35,000 35,000 35,000 35,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (37,401) (118,820) (56,889) 44,113 (9,543)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -0.84 -0.25 0.07 0.02 0.05
2.Return on assets (ROA) (D8/C) -0.15 -0.08 0.02 0.01 0.01
3.Earning per share (D8/E1) (rs. per share) -4.69 -1.52 0.48 0.14 0.34
4.Net Claims Incurred Ratio (D5/D3) 0.88 0.68 0.53 0.55 0.64
5.Underwriting profit to profit after tax. (D6/D8) 1.04 0.35 0.65 0.97 1.70
6.Investment income to net premium (D1/D3) 0.06 -0.01 0.05 0.04 0.02
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.09 0.27 0.22 0.24 0.22
2. Investment to total assets (C3/C) 0.21 0.05 0.06 0.06 0.05
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.17 0.30 0.31 0.25 0.23
2.Break up value per share (A/E1) (Rs. per share) 5.61 5.97 6.45 6.60 7.16
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.40 2.23 -3.38 8.78 -0.81
Premier Insurance Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 1,846,206 1,768,874 1,774,340 1,842,658 1,838,009
1.Share capital 199,488 239,385 263,323 302,821 302,821
2.Reserves 1,020,025 1,420,025 1,270,025 1,270,025 1,345,025
3.Un appropriated profit 626,693 109,464 240,992 269,812 190,163
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 1,096,991 932,492 1,014,379 1,258,622 1,463,640
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 814,940 647,483 649,875 843,830 1,005,827
3.Other/misc. liabilities 282,051 285,009 364,504 414,792 457,813
C.Total assets (C1 to C5) 2,943,197 2,701,366 2,788,719 3,101,280 3,301,649
1.Cash and balances with banks 234,929 885,314 220,578 153,847 186,633
2.Advances to policy holders & employees 3,826 3,118 2,412 1,706 1,000
3.Investments in securities & properties 1,560,824 632,744 1,302,087 1,399,216 1,346,206
4.Other/misc. assets 921,059 984,296 1,067,030 1,293,978 1,515,190
5.Fixed assets 222,559 195,894 196,612 252,533 252,620
D.Profit & loss account
1.Investment income 542,582 185,627 222,181 158,638 143,448
2.Gross premium 551,699 577,114 620,729 728,833 967,866
3.Net premium 346,832 295,834 335,456 376,719 462,416
4.Gross claims 446,721 0 367,395 411,069 610,838
5.Net claims 194,367 138,807 149,398 168,204 218,828
6.Underwriting profit 22,732 8,393 20,952 16,882 4,949
7.Profit/(loss) before taxation 495,685 (44,911) 79,653 141,746 90,009
8.Profit/(loss) after taxation 474,939 (37,435) 53,343 120,983 71,056
E.Other items
1.No. of ordinary shares (000) 39,897 47,876 52,665 60,564 60,564
2.Cash dividend 0.20 0.20 0.20 0.25 0.25
3.Stock dividend/bonus shares 0.20 0.10 0.15 0.15 0.00
4.Cash generated from operating activities (24,078) (171,407) (56,802) (48,672) (92,662)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.26 -0.02 0.03 0.07 0.04
2.Return on assets (ROA) (D8/C) 0.16 -0.01 0.02 0.04 0.02
3.Earning per share (D8/E1) (rs. per share) 11.90 -0.78 1.01 2.00 1.17
4.Net Claims Incurred Ratio (D5/D3) 0.56 0.47 0.45 0.45 0.47
5.Underwriting profit to profit after tax. (D6/D8) 0.05 -0.22 0.39 0.14 0.07
6.Investment income to net premium (D1/D3) 1.56 0.63 0.66 0.42 0.31
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.08 0.33 0.08 0.05 0.06
2. Investment to total assets (C3/C) 0.53 0.23 0.47 0.45 0.41
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.63 0.65 0.64 0.59 0.56
2.Break up value per share (A/E1) (Rs. per share) 46.27 36.95 33.69 30.42 30.35
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -0.05 4.58 -1.06 -0.40 -1.30
Reliance Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 314,717 355,226 322,582 374,517 515,428
1.Share capital 176,225 229,092 252,002 252,002 318,940
2.Reserves 67,605 85,105 92,605 87,500 90,000
3.Un appropriated profit 70,887 41,029 (22,025) 35,015 106,488
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 398,014 583,496 581,766 528,942 593,506
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 338,203 532,062 498,766 457,421 494,137
3.Other/misc. liabilities 59,811 51,434 83,000 71,521 99,369
C.Total assets (C1 to C5) 712,731 938,722 904,348 903,459 1,108,934
1.Cash and balances with banks 94,953 85,033 63,046 57,541 79,824
2.Advances to policy holders & employees 940 965 1,061 756 922
3.Investments in securities & properties 270,416 285,858 282,690 284,605 406,541
4.Other/misc. assets 275,909 495,355 493,071 495,898 560,732
5.Fixed assets 70,513 71,511 64,480 64,659 60,915
D.Profit & loss account
1.Investment income 43,234 18,263 53,862 54,861 94,858
2.Gross premium 632,160 650,698 517,474 503,427 543,400
3.Net premium 395,811 445,543 326,555 267,920 238,706
4.Gross claims 310,753 458,356 260,579 233,442 224,614
5.Net claims 156,971 208,358 227,456 96,430 86,322
6.Underwriting profit 58,526 48,173 (51,986) 31,930 15,244
7.Profit/(loss) before taxation 88,346 52,260 (30,994) 56,684 83,317
8.Profit/(loss) after taxation 70,746 40,510 (32,644) 51,934 76,817
E.Other items
1.No. of ordinary shares (000) 17,622 22,909 25,200 25,200 31,894
2.Cash dividend 0.00 0.00 0.00 0.00 0.08
3.Stock dividend/bonus shares 0.30 0.10 0.10 0.13 0.13
4.Cash generated from operating activities 29,875 (13,817) (91,355) (58,624) (6,862)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.22 0.11 -0.10 0.14 0.15
2.Return on assets (ROA) (D8/C) 0.10 0.04 -0.04 0.06 0.07
3.Earning per share (D8/E1) (rs. per share) 4.01 1.77 -1.30 2.06 2.41
4.Net Claims Incurred Ratio (D5/D3) 0.40 0.47 0.70 0.36 0.36
5.Underwriting profit to profit after tax. (D6/D8) 0.83 1.19 1.59 0.61 0.20
6.Investment income to net premium (D1/D3) 0.11 0.04 0.16 0.20 0.40
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.13 0.09 0.07 0.06 0.07
2. Investment to total assets (C3/C) 0.38 0.30 0.31 0.32 0.37
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.44 0.38 0.36 0.41 0.46
2.Break up value per share (A/E1) (Rs. per share) 17.86 15.51 12.80 14.86 16.16
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.42 -0.34 2.80 -1.13 -0.09
Security General Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 6,526,241 6,532,722 6,711,035 6,948,568 7,133,938
1.Share capital 226,875 680,625 680,625 680,625 680,625
2.Reserves 2,000 2,000 2,000 2,000 2,000
3.Un appropriated profit 6,297,366 5,850,097 6,028,410 6,265,943 6,451,313
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 799,187 1,245,712 992,095 1,004,648 787,118
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 159,361 249,024 304,077 376,546 428,976
3.Other/misc. liabilities 639,826 996,688 688,018 628,102 358,142
C.Total assets (C1 to C5) 7,325,428 7,778,434 7,703,130 7,953,216 7,921,056
1.Cash and balances with banks 71,163 119,780 45,065 42,541 56,740
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 6,969,086 7,225,334 7,116,566 7,295,085 7,211,211
4.Other/misc. assets 205,900 353,047 455,751 530,285 565,766
5.Fixed assets 79,279 80,273 85,748 85,305 87,339
D.Profit & loss account
1.Investment income 6,329,299 297,564 446,250 496,436 508,665
2.Gross premium 180,821 210,871 306,795 306,795 451,000
3.Net premium 43,293 69,327 120,201 127,007 155,379
4.Gross claims 102,071 125,767 66,835 66,835 144,095
5.Net claims 17,137 16,750 31,282 34,909 52,709
6.Underwriting profit 26,912 41,819 47,155 50,465 47,583
7.Profit/(loss) before taxation 6,258,163 158,589 329,473 410,754 457,157
8.Profit/(loss) after taxation 6,262,358 153,949 314,439 373,657 389,330
E.Other items
1.No. of ordinary shares (000) 652,624 653,272 653,272 68,063 68,063
2.Cash dividend 0.10 0.10 0.10 0.00 0.30
3.Stock dividend/bonus shares 0.10 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (15,475) (55,301) (17,521) (107,591) (43,078)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.96 0.02 0.05 0.05 0.05
2.Return on assets (ROA) (D8/C) 0.85 0.02 0.04 0.05 0.05
3.Earning per share (D8/E1) (rs. per share) 9.60 0.24 0.48 5.49 5.72
4.Net Claims Incurred Ratio (D5/D3) 0.40 0.24 0.26 0.27 0.34
5.Underwriting profit to profit after tax. (D6/D8) 0.00 0.27 0.15 0.14 0.12
6.Investment income to net premium (D1/D3) 146.20 4.29 3.71 3.91 3.27
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.01 0.02 0.01 0.01 0.01
2. Investment to total assets (C3/C) 0.95 0.93 0.92 0.92 0.91
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.89 0.84 0.87 0.87 0.90
2.Break up value per share (A/E1) (Rs. per share) 10.00 10.00 10.27 102.09 104.81
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.00 -0.36 -0.06 -0.29 -0.11
Silver Star Insurance Co. Ltd. (Thousand Rupees)
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 245,980 320,987 355,281 392,780 441,457
1.Share capital 125,000 168,750 210,938 253,125 305,648
2.Reserves 89,715 42,203 52,750 63,350 76,500
3.Un appropriated profit 31,265 110,034 91,593 76,305 59,309
4.Others 37,281 37,049 36,829 60,620 60,397
B.Total liabilities (B1 to B3) 156,353 178,201 191,942 293,029 335,209
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 116,342 2,320 3,934 437,230 216,201
3.Other/misc. liabilities 40,011 175,881 188,008 (144,201) 119,008
C.Total assets (C1 to C5) 439,614 536,237 584,052 746,429 837,063
1.Cash and balances with banks 211,517 279,284 315,872 328,766 324,146
2.Advances to policy holders & employees 4,422 5,439 8,167 6,697 3,774
3.Investments in securities & properties 44,948 51,942 42,692 47,614 76,894
4.Other/misc. assets 100,229 107,716 120,297 218,491 283,866
5.Fixed assets 78,498 91,856 97,024 144,861 148,383
D.Profit & loss account
1.Investment income 13,240 12,149 19,549 8,997 3,493
2.Gross premium 191,985 0 220,984 231,572 278,545
3.Net premium 120,026 139,661 147,869 154,114 188,429
4.Gross claims 54,428 0 72,052 119,445 97,102
5.Net claims 25,476 16,044 28,462 40,909 33,999
6.Underwriting profit 75,377 84,270 58,972 50,892 69,821
7.Profit/(loss) before taxation 77,798 82,292 38,698 38,733 48,137
8.Profit/(loss) after taxation 70,173 (7,517) (4,625) 37,291 48,454
E.Other items
1.No. of ordinary shares 12,500 16,000 21,094 25,313 30,565
2.Cash dividend 0.00 0.00 0.00 0.15 0.00
3.Stock dividend/bonus shares 0.35 0.00 0.00 0.00 0.05
4.Cash generated from operating activities 87,004 84,772 45,454 27,674 45,396
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.29 -0.02 -0.01 0.09 0.11
2.Return on assets (ROA) (D8/C) 0.16 -0.01 -0.01 0.05 0.06
3.Earning per share (D8/E1) (rs. per share) 5.61 -0.47 -0.22 1.47 1.59
4.Net Claims Incurred Ratio (D5/D3) 0.21 0.11 0.19 0.27 0.18
5.Underwriting profit to profit after tax. (D6/D8) 1.07 -11.21 -12.75 1.36 1.44
6.Investment income to net premium (D1/D3) 0.11 0.09 0.13 0.06 0.02
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.48 0.52 0.54 0.44 0.39
2. Investment to total assets (C3/C) 0.10 0.10 0.07 0.06 0.09
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.56 0.60 0.61 0.53 0.53
2.Break up value per share (A/E1) (Rs. per share) 19.68 20.06 16.84 15.52 14.44
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 1.24 -11.28 -9.83 0.74 0.94
Sindh Insurance Limited
Items Not available Not available Not available Not available Not available
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
Shaheen Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 279,540 207,787 225,253 196,220 265,465
1.Share capital 175,000 175,000 200,000 200,000 250,000
2.Reserves 20,000 20,000 20,000 20,000 20,000
3.Un appropriated profit 84,540 12,787 5,253 (23,780) (4,535)
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 592,176 547,455 504,417 521,486 567,056
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 524,735 490,031 645,674 437,230 475,708
3.Other/misc. liabilities 67,441 57,424 (141,257) 84,256 91,348
C.Total assets (C1 to C5) 871,716 755,242 729,670 717,706 832,521
1.Cash and balances with banks 235,861 166,841 132,727 136,970 26,324
2.Advances to policy holders & employees 693 1,406 1,390 2,137 2,774
3.Investments in securities & properties 234,104 181,534 182,609 160,273 81,085
4.Other/misc. assets 361,636 352,515 361,726 357,835 538,027
5.Fixed assets 39,422 52,946 51,218 60,491 184,311
D.Profit & loss account
1.Investment income 83,774 (64,649) 100,650 16,671 11,654
2.Gross premium 746,419 701,245 645,743 542,760 606,867
3.Net premium 570,800 575,732 481,636 417,389 482,963
4.Gross claims 467,875 478,080 391,264 343,555 332,393
5.Net claims 369,997 333,832 267,997 263,041 247,643
6.Underwriting profit 34,744 66,392 49,155 20,267 83,566
7.Profit/(loss) before taxation 63,061 (63,847) 21,002 (23,476) 25,199
8.Profit/(loss) after taxation 60,207 (71,753) 17,466 (29,033) 19,245
E.Other items
1.No. of ordinary shares (000) 17,500 17,500 20,000 20,000 25,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (8,233) (30,912) (73,685) (30,241) (120,351)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.22 -0.35 0.08 -0.15 0.07
2.Return on assets (ROA) (D8/C) 0.07 -0.10 0.02 -0.04 0.02
3.Earning per share (D8/E1) (rs. per share) 3.44 -4.10 0.87 -1.45 0.77
4.Net Claims Incurred Ratio (D5/D3) 0.65 0.58 0.56 0.63 0.51
5.Underwriting profit to profit after tax. (D6/D8) 0.58 -0.93 2.81 -0.70 4.34
6.Investment income to net premium (D1/D3) 0.15 -0.11 0.21 0.04 0.02
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.27 0.22 0.18 0.19 0.03
2. Investment to total assets (C3/C) 0.27 0.24 0.25 0.22 0.10
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.32 0.28 0.31 0.27 0.32
2.Break up value per share (A/E1) (Rs. per share) 15.97 11.87 11.26 9.81 10.62
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -0.14 0.43 -4.22 1.04 -6.25
SPI Insurance Company Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 185,615 200,731 200,869 158,141 182,544
1.Share capital 250,000 325,000 325,000 325,000 325,000
2.Reserves 0 0 0 - 0
3.Un appropriated profit (64,385) (124,269) (124,131) (166,859) (142,456)
4.Others 0 0 0 - 0
B.Total liabilities (B1 to B3) 413,130 433,973 321,830 243,826 246,329
1.Balance of statutory funds 0 0 0 - 0
2.Outstanding claims, adv., prem., due to other insurers 393,704 401,258 299,819 232,079 221,356
3.Other/misc. liabilities 19,426 32,715 22,011 11,747 24,973
C.Total assets (C1 to C5) 598,745 634,704 522,699 401,967 428,873
1.Cash and balances with banks 118,284 99,822 32,389 50,676 62,986
2.Advances to policy holders & employees 0 0 672 872 347
3.Investments in securities & properties 77,091 78,613 100,488 77,633 82,342
4.Other/misc. assets 367,901 417,997 357,867 247,210 250,723
5.Fixed assets 35,469 38,272 31,283 25,576 32,475
D.Profit & loss account
1.Investment income 21,387 (12,596) 10,793 3,463 7,453
2.Gross premium 274,673 283,451 267,730 202,260 217,870
3.Net premium 141,983 145,286 124,851 82,071 93,468
4.Gross claims 366,729 308,650 144,837 120,340 58,676
5.Net claims 114,086 (103,300) 69,939 69,765 16,427
6.Underwriting profit 38,796 (44,632) (8,221) (41,545) 21,020
7.Profit/(loss) before taxation (28,979) (59,884) 1,472 (41,543) 25,338
8.Profit/(loss) after taxation (29,820) (59,884) 847 (42,728) 24,403
E.Other items
1.No. of ordinary shares (000) 25,000 32,500 32,500 32,500 32,500
2.Cash dividend 0.00 0.00 0.00 - 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 - 0.00
4.Cash generated from operating activities (1,582) (78,530) (66,841) (27,744) 22,208
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -0.16 -0.30 0.00 -0.27 0.13
2.Return on assets (ROA) (D8/C) -0.05 -0.09 0.00 -0.11 0.06
3.Earning per share (D8/E1) (rs. per share) -1.19 -1.84 0.03 -1.31 0.75
4.Net Claims Incurred Ratio (D5/D3) 0.80 -0.71 0.56 0.85 0.18
5.Underwriting profit to profit after tax. (D6/D8) -1.30 0.75 -9.71 0.97 0.86
6.Investment income to net premium (D1/D3) 0.15 -0.09 0.09 0.04 0.08
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.20 0.16 0.06 0.13 0.15
2. Investment to total assets (C3/C) 0.13 0.12 0.19 0.19 0.19
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.31 0.32 0.38 0.39 0.43
2.Break up value per share (A/E1) (Rs. per share) 7.42 6.18 6.18 4.87 5.62
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.05 1.31 -78.92 0.65 0.91
Standard Insurance Co. Ltd. (Thousand Rupees)
Items 2011 2012 2013 2014 2015
A.Total equity (A1 to A3) - - (16,968) (16,968) (16,968)
1.Share capital - - 10,000 10,000 10,000
2.Reserves - - 0 0 0
3.Un appropriated profit - - (26,968) (26,968) (26,968)
4.Others - - 0 0 0
B.Total liabilities (B1 to B3) - - 39,593 39,593 39,593
1.Balance of statutory funds - - 0 0 0
2.Outstanding claims, adv., prem., due to other insurers - - 5,363 5,363 5,363
3.Other/misc. liabilities - - 34,230 34,230 34,230
C.Total assets (C1 to C5) - - 22,625 22,625 22,625
1.Cash and balances with banks - - 79 79 79
2.Advances to policy holders & employees - - 189 189 189
3.Investments in securities & properties - - 102 102 102
4.Other/misc. assets - - 7,610 7,610 7,610
5.Fixed assets - - 14,645 14,645 14,645
D.Profit & loss account
1.Investment income - - 0 0 0
2.Gross premium - - 0 0 0
3.Net premium - - 0 0 0
4.Gross claims - - 0 0 0
5.Net claims - - 0 0 0
6.Underwriting profit - - 0 0 0
7.Profit/(loss) before taxation - - (1,979) (1,979) (1,979)
8.Profit/(loss) after taxation - - (1,979) (1,979) (1,979)
E.Other items
1.No. of ordinary shares (000) - - 1,000 1,000 1,000
2.Cash dividend - - 0.00 0.00 0.00
3.Stock dividend/bonus shares - - 0.00 0.00 0.00
4.Cash generated from operating activities - - (2,081) (2,081) (2,081)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - - 0.12 0.12 0.12
2.Return on assets (ROA) (D8/C) - - -0.09 -0.09 -0.09
3.Earning per share (D8/E1) (rs. per share) - - -1.98 -1.98 -1.98
4.Net Claims Incurred Ratio (D5/D3) - - - - -
5.Underwriting profit to profit after tax. (D6/D8) - - 0.00 0.00 0.00
6.Investment income to net premium (D1/D3) - - - - -
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - - 0.00 0.00 0.00
2. Investment to total assets (C3/C) - - 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) - - -0.75 -0.75 -0.75
2.Break up value per share (A/E1) (Rs. per share) - - -16.97 -16.97 -16.97
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - - 1.05 1.05 1.05
The Asian Mutual Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - - - 819 1,234
1.Share capital - - - 0 0
2.Reserves - - - 2,831 2,831
3.Un appropriated profit - - - (2,012) (1,597)
4.Others - - - 8,395 8,395
B.Total liabilities (B1 to B3) - - - 2,074 2,971
1.Balance of statutory funds - - - 0 0
2.Outstanding claims, adv., prem., due to other insurers - - - 1,108 1,576
3.Other/misc. liabilities - - - 966 1,395
C.Total assets (C1 to C5) - - - 11,288 12,600
1.Cash and balances with banks - - - 65 286
2.Advances to policy holders & employees - - - 0 0
3.Investments in securities & properties - - - 9,760 10,160
4.Other/misc. assets - - - 1,380 2,066
5.Fixed assets - - - 83 88
D.Profit & loss account
1.Investment income - - - 0 0
2.Gross premium - - - 2,545 2,545
3.Net premium - - - 1,163 2,236
4.Gross claims - - - 0 8
5.Net claims - - - 0 8
6.Underwriting profit - - - 184 1,055
7.Profit/(loss) before taxation - - - (457) 439
8.Profit/(loss) after taxation - - - (468) 414
E.Other items
1.No. of ordinary shares - - - 0 0
2.Cash dividend - - - 0.00 0.00
3.Stock dividend/bonus shares - - - 0.00 0.00
4.Cash generated from operating activities - - - (113) 718
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - - - -0.57 0.34
2.Return on assets (ROA) (D8/C) - - - -0.04 0.03
3.Earning per share (D8/E1) (rs. per share) - - - - -
4.Net Claims Incurred Ratio (D5/D3) - - - 0.00 0.00
5.Underwriting profit to profit after tax. (D6/D8) - - - -0.39 2.55
6.Investment income to net premium (D1/D3) - - - 0.00 0.00
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - - - 0.01 0.02
2. Investment to total assets (C3/C) - - - 0.86 0.81
H.Capital /leverage ratios
1.Capital ratio (A/C) - - - 0.07 0.10
2.Break up value per share (A/E1) (Rs. per share) - - - - -
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - - - 0.24 1.73
TPL Insurance Company Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - - - 193,762 364,200
1.Share capital - - - 310,000 452,313
2.Reserves - - - 0 0
3.Un appropriated profit - - - (116,238) (88,113)
4.Others - - - 0 0
B.Total liabilities (B1 to B3) - - - 368,771 408,640
1.Balance of statutory funds - - - 0 0
2.Outstanding claims, adv., prem., due to other insurers - - - 264,347 314,761
3.Other/misc. liabilities - - - 104,424 93,879
C.Total assets (C1 to C5) - - - 562,533 772,840
1.Cash and balances with banks - - - 5,099 22,665
2.Advances to policy holders & employees - - - 503 769
3.Investments in securities & properties - - - 29,848 159,056
4.Other/misc. assets - - - 247,234 330,243
5.Fixed assets - - - 279,849 260,107
D.Profit & loss account
1.Investment income - - - 3,978 8,521
2.Gross premium - - - 409,416 513,332
3.Net premium - - - 331,294 453,632
4.Gross claims - - - 198,477 246,669
5.Net claims - - - 141,860 171,289
6.Underwriting profit - - - 19,117 76,656
7.Profit/(loss) before taxation - - - (14,052) 41,499
8.Profit/(loss) after taxation - - - (19,756) 28,125
E.Other items
1.No. of ordinary shares (000) - - - 31,000 45,231
2.Cash dividend - - - 0.00 0.05
3.Stock dividend/bonus shares - - - 0.00 0.00
4.Cash generated from operating activities - - - 44,560 73,349
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - - - -0.10 0.08
2.Return on assets (ROA) (D8/C) - - - -0.04 0.04
3.Earning per share (D8/E1) (rs. per share) - - - -0.64 0.62
4.Net Claims Incurred Ratio (D5/D3) - - - 0.43 0.38
5.Underwriting profit to profit after tax. (D6/D8) - - - -0.97 2.73
6.Investment income to net premium (D1/D3) - - - 0.01 0.02
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - - - 0.01 0.03
2. Investment to total assets (C3/C) - - - 0.05 0.21
H.Capital /leverage ratios
1.Capital ratio (A/C) - - - 0.34 0.47
2.Break up value per share (A/E1) (Rs. per share) - - - 6.25 8.05
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - - - -2.26 2.61
The Cooperative Insurance Society of Pakistan Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - - - 312,139 313,884
1.Share capital - - - 300,000 300,000
2.Reserves - - - 6,975 7,411
3.Un appropriated profit - - - 5,164 6,473
4.Others - - - 618,063 617,268
B.Total liabilities (B1 to B3) - - - 7,093 5,086
1.Balance of statutory funds - - - 0 0
2.Outstanding claims, adv., prem., due to other insurers - - - 5,805 3,615
3.Other/misc. liabilities - - - 1,288 1,471
C.Total assets (C1 to C5) - - - 937,295 936,238
1.Cash and balances with banks - - - 12,211 12,153
2.Advances to policy holders & employees - - - 0 0
3.Investments in securities & properties - - - 5,018 5,508
4.Other/misc. assets - - - 2,504 2,037
5.Fixed assets - - - 917,562 916,540
D.Profit & loss account
1.Investment income - - - 2,506 2,908
2.Gross premium - - - 6,142 6,142
3.Net premium - - - 9,018 5,247
4.Gross claims - - - 119 119
5.Net claims - - - 2,314 (44)
6.Underwriting profit - - - (3,468) (3,112)
7.Profit/(loss) before taxation - - - 1,644 2,306
8.Profit/(loss) after taxation - - - 736 1,746
E.Other items
1.No. of ordinary shares (000) - - - 30,000 30,000
2.Cash dividend - - - 0.00 0.00
3.Stock dividend/bonus shares - - - 0.00 0.00
4.Cash generated from operating activities - - - (5,285) (5,720)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - - - 0.00 0.01
2.Return on assets (ROA) (D8/C) - - - 0.00 0.00
3.Earning per share (D8/E1) (rs. per share) - - - 0.02 0.06
4.Net Claims Incurred Ratio (D5/D3) - - - 0.26 -0.01
5.Underwriting profit to profit after tax. (D6/D8) - - - -4.71 -1.78
6.Investment income to net premium (D1/D3) - - - 0.28 0.55
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - - - 0.01 0.01
2. Investment to total assets (C3/C) - - - 0.01 0.01
H.Capital /leverage ratios
1.Capital ratio (A/C) - - - 0.33 0.34
2.Break up value per share (A/E1) (Rs. per share) - - - 10.40 10.46
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - - - -7.18 -3.28
The Pakistan General Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - 275,041 362,066 351,640 404,367
1.Share capital - 200,000 200,000 250,000 300,000
2.Reserves - 65,000 55,000 105,000 100,000
3.Un appropriated profit - 10,041 107,066 (3,360) 4,367
4.Others - 9,175 6,810 11,072 10,743
B.Total liabilities (B1 to B3) - 224,782 175,891 231,474 290,868
1.Balance of statutory funds - 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers - 134,535 123,540 158,302 239,603
3.Other/misc. liabilities - 90,247 52,351 73,172 51,265
C.Total assets (C1 to C5) - 508,998 544,767 594,186 705,978
1.Cash and balances with banks - 47,979 138,214 90,857 118,604
2.Advances to policy holders & employees - 99 106 181 193
3.Investments in securities & properties - 174,496 170,044 252,578 181,812
4.Other/misc. assets - 191,489 141,172 161,809 323,123
5.Fixed assets - 94,935 95,231 88,761 82,246
D.Profit & loss account
1.Investment income - (1,346,842) 8,361,941 9,263 8,319
2.Gross premium - 0 219,395 261,643 423,522
3.Net premium - 91,863 109,891 110,546 142,680
4.Gross claims - 0 122,925 181,579 218,743
5.Net claims - 20,574 29,170 68,862 65,955
6.Underwriting profit - 51,080 54,970 21,239 48,400
7.Profit/(loss) before taxation - 25,405 105,448 (1,658) 33,123
8.Profit/(loss) after taxation - 22,269 84,659 4,826 52,398
E.Other items
1.No. of ordinary shares (000) - 20,000 20,000 25,000 30,000
2.Cash dividend - 0.00 0.00 0.00 0.05
3.Stock dividend/bonus shares - 0.00 0.00 0.05 0.00
4.Cash generated from operating activities - 25,129 15,677 33,763 (55,599)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - 0.08 0.23 0.01 0.13
2.Return on assets (ROA) (D8/C) - 0.04 0.16 0.01 0.07
3.Earning per share (D8/E1) (rs. per share) - 1.11 4.23 0.19 1.75
4.Net Claims Incurred Ratio (D5/D3) - 0.22 0.27 0.62 0.46
5.Underwriting profit to profit after tax. (D6/D8) - 2.29 0.65 4.40 0.92
6.Investment income to net premium (D1/D3) - -14.66 76.09 0.08 0.06
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - 0.09 0.25 0.15 0.17
2. Investment to total assets (C3/C) - 0.34 0.31 0.43 0.26
H.Capital /leverage ratios
1.Capital ratio (A/C) - 0.54 0.66 0.59 0.57
2.Break up value per share (A/E1) (Rs. per share) - 13.75 18.10 14.07 13.48
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - 1.13 0.19 7.00 -1.06
The United Insurance Co. of Pakistan Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 427,850 483,845 548,344 666,806 764,809
1.Share capital 252,006 302,407 345,000 400,200 496,248
2.Reserves 75,116 75,115 75,116 75,116 75,116
3.Un appropriated profit 100,728 106,323 128,228 191,490 193,445
4.Others 1,639 1,557 1,479 1,405 1,335
B.Total liabilities (B1 to B3) 352,772 359,251 468,499 569,915 678,628
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 191,009 208,044 294,799 359,407 509,969
3.Other/misc. liabilities 161,763 151,207 173,700 210,508 168,659
C.Total assets (C1 to C5) 782,261 844,653 1,018,322 1,238,126 1,444,772
1.Cash and balances with banks 191,199 206,770 218,843 251,676 271,519
2.Advances to policy holders & employees 1,254 1,631 1,664 3,621 5,975
3.Investments in securities & properties 58,461 84,474 96,537 135,995 137,638
4.Other/misc. assets 315,797 328,270 393,835 424,740 676,760
5.Fixed assets 215,550 223,508 307,443 422,094 352,880
D.Profit & loss account
1.Investment income 480 1,662 10,824 21,023 18,085
2.Gross premium 501,348 550,323 638,266 806,253 923,785
3.Net premium 312,658 356,523 423,731 550,559 643,736
4.Gross claims 188,834 204,880 239,503 349,167 413,269
5.Net claims 83,271 102,975 121,560 175,550 262,777
6.Underwriting profit 178,531 168,587 205,471 277,226 259,222
7.Profit/(loss) before taxation 108,080 58,223 72,792 133,537 114,473
8.Profit/(loss) after taxation 100,346 55,913 64,421 118,387 97,933
E.Other items
1.No. of ordinary shares (000) 25,200 30,240 34,500 40,020 49,625
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.20 14.08% 0.00 0.24 0.15
4.Cash generated from operating activities 93,042 88,705 134,972 151,854 173,974
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.23 0.12 0.12 0.18 0.13
2.Return on assets (ROA) (D8/C) 0.13 0.07 0.06 0.10 0.07
3.Earning per share (D8/E1) (rs. per share) 3.98 1.85 1.87 2.96 1.97
4.Net Claims Incurred Ratio (D5/D3) 0.27 0.29 0.29 0.32 0.41
5.Underwriting profit to profit after tax. (D6/D8) 1.78 3.02 3.19 2.34 2.65
6.Investment income to net premium (D1/D3) 0.00 0.00 0.03 0.04 0.03
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.24 0.24 0.21 0.20 0.19
2. Investment to total assets (C3/C) 0.07 0.10 0.09 0.11 0.10
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.55 0.57 0.54 0.54 0.53
2.Break up value per share (A/E1) (Rs. per share) 16.98 16.00 15.89 16.66 15.41
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.93 1.59 2.10 1.28 1.78
The Universal Insurance Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 235,606 256,914 265,093 232,997 207,765
1.Share capital 120,000 210,000 210,000 262,500 300,000
2.Reserves 18,072 14,368 10,614 14,127 14,249
3.Un appropriated profit 97,534 32,546 44,479 (43,630) (106,484)
4.Others 0 0 120,326 211,373 230,544
B.Total liabilities (B1 to B3) 552,122 598,817 618,599 660,217 630,863
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 492,244 119,646 131,000 567,722 513,322
3.Other/misc. liabilities 59,878 479,171 487,599 92,495 117,541
C.Total assets (C1 to C5) 787,728 855,731 1,004,018 1,104,587 1,069,172
1.Cash and balances with banks 143,232 151,974 158,900 88,309 129,652
2.Advances to policy holders & employees 88,620 554 773 643 1,096
3.Investments in securities & properties 0 84,172 54,757 160,175 135,201
4.Other/misc. assets 453,472 505,304 553,047 608,409 546,617
5.Fixed assets 102,404 113,727 236,541 247,051 256,606
D.Profit & loss account
1.Investment income 15,067 (1,531) 16,320 8,172 6,180
2.Gross premium 550,254 0 556,737 512,126 464,000
3.Net premium 371,535 407,075 360,799 328,663 292,305
4.Gross claims 319,513 0 293,790 355,874 214,718
5.Net claims 187,049 196,970 181,590 177,037 143,400
6.Underwriting profit 28,179 95,869 57,840 (17,243) (2,023)
7.Profit/(loss) before taxation 70,107 34,238 11,933 (103,433) (110,583)
8.Profit/(loss) after taxation 57,341 21,062 8,850 (86,485) (64,808)
E.Other items
1.No. of ordinary shares (000) 12,000 21,000 21,000 26,250 30,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (67,539) (140,275) (167,136) (101,480) (26,286)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.24 0.08 0.03 -0.37 -0.31
2.Return on assets (ROA) (D8/C) 0.07 0.02 0.01 -0.08 -0.06
3.Earning per share (D8/E1) (rs. per share) 4.78 1.00 0.42 -3.29 -2.16
4.Net Claims Incurred Ratio (D5/D3) 0.50 0.48 0.50 0.54 0.49
5.Underwriting profit to profit after tax. (D6/D8) 0.49 4.55 6.54 0.20 0.03
6.Investment income to net premium (D1/D3) 0.04 0.00 0.05 0.02 0.02
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.18 0.18 0.16 0.08 0.12
2. Investment to total assets (C3/C) 0.00 0.10 0.05 0.15 0.13
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.30 0.30 0.26 0.21 0.19
2.Break up value per share (A/E1) (Rs. per share) 19.63 12.23 12.62 8.88 6.93
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 -1.18 -6.66 -18.89 1.17 0.41
UBL Insurers Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 154,499 154,424 226,845 500,128 628,842
1.Share capital 300,000 300,000 500,000 800,000 800,000
2.Reserves (145,501) 0 0 0 0
3.Un appropriated profit 0 (145,576) (273,155) (299,872) (171,158)
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 548,705 648,038 615,718 583,126 724,639
1.Balance of statutory funds 0 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 472,945 536,163 551,215 437,230 641,721
3.Other/misc. liabilities 75,760 111,875 64,503 145,896 82,918
C.Total assets (C1 to C5) 703,204 802,462 842,563 1,083,254 1,353,481
1.Cash and balances with banks 23,383 24,738 18,989 27,389 14,773
2.Advances to policy holders & employees 219,169 1,418 1,473 795 961
3.Investments in securities & properties 281,815 114,723 204,999 378,957 513,791
4.Other/misc. assets 123,935 579,407 551,624 629,648 789,160
5.Fixed assets 54,902 82,176 65,478 46,465 34,796
D.Profit & loss account
1.Investment income 25,605 3,965 1,920 28,768 70,920
2.Gross premium 373,298 522,905 579,037 624,604 658,443
3.Net premium 88,563 273,616 264,807 238,765 252,755
4.Gross claims 236,376 299,443 481,742 459,886 446,328
5.Net claims 80,030 145,589 234,206 165,537 165,569
6.Underwriting profit 120,933 96,816 (44,409) 26,666 33,354
7.Profit/(loss) before taxation 129,409 0 (126,278) (17,644) 33,347
8.Profit/(loss) after taxation 129,980 (75) (127,579) (20,945) 127,926
E.Other items
1.No. of ordinary shares (000) 30,000 30,000 50,000 80,000 80,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 22,497 (129,185) (122,447) (141,987) 54,098
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.84 0.00 -0.56 -0.04 0.20
2.Return on assets (ROA) (D8/C) 0.18 0.00 -0.15 -0.02 0.09
3.Earning per share (D8/E1) (rs. per share) 4.33 0.00 -2.55 -0.26 1.60
4.Net Claims Incurred Ratio (D5/D3) 0.90 0.53 0.88 0.69 0.66
5.Underwriting profit to profit after tax. (D6/D8) 0.93 -1290.88 0.35 -1.27 0.26
6.Investment income to net premium (D1/D3) 0.29 0.01 0.01 0.12 0.28
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.03 0.03 0.02 0.03 0.01
2. Investment to total assets (C3/C) 0.40 0.14 0.24 0.35 0.38
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.22 0.19 0.27 0.46 0.46
2.Break up value per share (A/E1) (Rs. per share) 5.15 5.15 4.54 6.25 7.86
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.17 1722.47 0.96 6.78 0.42
Union Insurance Co. Of Pakistan Ltd. (Thousand Rupees)
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - - - 46,507 42,431
1.Share capital - - - 81,600 81,600
2.Reserves - - - 7,463 7,463
3.Un appropriated profit - - - (42,556) (46,632)
4.Others - - - 54 54
B.Total liabilities (B1 to B3) - - - 10,982 9,538
1.Balance of statutory funds - - - 0 0
2.Outstanding claims, adv., prem., due to other insurers - - - 7,583 6,655
3.Other/misc. liabilities - - - 3,399 2,883
C.Total assets (C1 to C5) - - - 57,543 52,023
1.Cash and balances with banks - - - 8,462 5,692
2.Advances to policy holders & employees - - - 0 0
3.Investments in securities & properties - - - 1,126 1,126
4.Other/misc. assets - - - 13,250 13,165
5.Fixed assets - - - 34,705 32,040
D.Profit & loss account
1.Investment income - - - 100 265
2.Gross premium - - - 0 0
3.Net premium - - - 0 0
4.Gross claims - - - 0 0
5.Net claims - - - (2,123) 0
6.Underwriting profit - - - 1,483 0
7.Profit/(loss) before taxation - - - (6,160) (4,076)
8.Profit/(loss) after taxation - - - (6,160) (4,076)
E.Other items
1.No. of ordinary shares - - - 8,160 8,160
2.Cash dividend - - - 0.00 0.00
3.Stock dividend/bonus shares - - - 0.00 0.00
4.Cash generated from operating activities - - - (2,605) (3,120)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - - - -0.13 -0.10
2.Return on assets (ROA) (D8/C) - - - -0.11 -0.08
3.Earning per share (D8/E1) (rs. per share) - - - -0.75 -0.50
4.Net Claims Incurred Ratio (D5/D3) - - - - -
5.Underwriting profit to profit after tax. (D6/D8) - - - -0.24 0.00
6.Investment income to net premium (D1/D3) - - - - -
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - - - 0.15 0.11
2. Investment to total assets (C3/C) - - - 0.02 0.02
H.Capital /leverage ratios
1.Capital ratio (A/C) - - - 0.81 0.82
2.Break up value per share (A/E1) (Rs. per share) - - - 5.70 5.20
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - - - 0.42 0.77
Takaful Companies - Overall
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 1,206,788 1,821,033 1,982,352 1,601,935 1,605,441
1.Share capital 1,309,472 2,140,771 2,290,772 2,366,653 2,468,429
2.Reserves (40,779) 0 0 46,713 89,609
3.Un appropriated profit (61,905) (319,738) (308,420) (811,431) (952,597)
4.Others 4,322 (7,429) (7,430) (7,429) 33,005
B.Total liabilities (B1 to B3) 322,698 866,961 946,861 1,746,964 2,891,129
1.Balance of statutory funds 28,118 199,151 43,741 681,660 1,605,691
2.Outstanding claims, adv., prem., due to other insurers 208,335 367,308 497,859 1,022,476 961,893
3.Other/misc. liabilities 86,245 300,502 405,261 42,828 323,545
C.Total assets (C1 to C5) 1,533,808 2,680,565 2,921,783 3,341,470 4,529,575
1.Cash and balances with banks 787,811 718,282 873,776 1,036,205 1,635,326
2.Advances to policy holders & employees 0 0 0 0 828
3.Investments in securities & properties 370,054 1,072,117 1,025,765 1,089,272 1,481,268
4.Other/misc. assets 243,222 608,487 702,599 930,545 1,121,215
5.Fixed assets 132,721 281,679 319,643 285,448 290,938
D.Profit & loss account
1.Investment income 28,293 91,662 73,881 144,358 60,626
2.Gross premium 330,367 586,031 1,004,939 1,932,885 3,329,641
3.Net premium 120,630 1,035,041 755,305 756,281 976,857
4.Gross claims 253,283 522,621 764,849 708,682 890,373
5.Net claims 175,378 589,898 541,915 575,022 572,542
6.Underwriting profit (64,168) 238,563 109,957 (118,275) (51,564)
7.Profit/(loss) before taxation 22,850 (133,126) (255,378) (230,434) (57,506)
8.Profit/(loss) after taxation (56,403) (118,028) (118,974) (142,654) (44,412)
E.Other items
1.No. of ordinary shares (000) 130,947 214,077 229,077 236,665 246,843
2.Cash dividend N/A N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A N/A
4.Cash generated from operating activities (88,707) (171,636) (367,162) 11,688 693,636
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -0.05 -0.06 -0.06 -0.09 -0.03
2.Return on assets (ROA) (D8/C) -0.04 -0.04 -0.04 -0.04 -0.01
3.Earning per share (D8/E1) (rs. per share) -0.43 -0.55 -0.52 -0.60 -0.18
4.Net Claims Incurred Ratio (D5/D3) 1.45 0.57 0.72 0.76 0.59
5.Underwriting profit to profit after tax. (D6/D8) 1.14 -2.02 -0.92 0.83 1.16
6.Investment income to net premium (D1/D3) 0.23 0.09 0.10 0.19 0.06
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.51 0.27 0.30 0.31 0.36
2. Investment to total assets (C3/C) 0.24 0.40 0.35 0.33 0.33
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.79 0.68 0.68 0.48 0.35
2.Break up value per share (A/E1) (Rs. per share) 9.22 8.51 8.65 6.77 6.50
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 1.57 1.45 3.09 -0.08 -15.62
Dawood Family Takaful Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) - 751,012 718,407 652,846 562,470
1.Share capital - 750,000 750,000 750,000 750,000
2.Reserves - 0 0 0 0
3.Un appropriated profit - 1,012 (31,593) (97,154) (187,530)
4.Others - (10,090) (10,090) (10,090) (10,090)
B.Total liabilities (B1 to B3) - 33,054 63,757 175,373 309,339
1.Balance of statutory funds - 11,434 24,342 97,413 205,169
2.Outstanding claims, adv., prem., due to other insurers - 1,665 15,917 76,834 44,044
3.Other/misc. liabilities - 19,955 23,498 1,126 60,126
C.Total assets (C1 to C5) - 773,976 772,074 818,129 861,719
1.Cash and balances with banks - 114,625 132,123 163,787 244,821
2.Advances to policy holders & employees - 0 0 0 828
3.Investments in securities & properties - 543,823 451,454 393,943 333,157
4.Other/misc. assets - 88,407 115,008 176,361 212,146
5.Fixed assets - 27,121 73,489 84,038 70,767
D.Profit & loss account
1.Investment income - 43,383 55,689 47,452 29,865
2.Gross premium - 34,017 49,823 203,653 326,254
3.Net premium - 0 0 129,975 203,715
4.Gross claims - 100,000 7,079 19,716 20,949
5.Net claims - 100,000 2,228 5,287 6,323
6.Underwriting profit - 0 0 0 0
7.Profit/(loss) before taxation - 10,757 (42,834) (105,270) (115,532)
8.Profit/(loss) after taxation - 5,104 (32,605) (65,561) (90,376)
E.Other items
1.No. of ordinary shares (000) - 75,000 75,000 75,000 75,000
2.Cash dividend - 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities - (106,316) (87,079) (46,413) (18,495)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) - 0.01 -0.05 -0.10 -0.16
2.Return on assets (ROA) (D8/C) - 0.01 -0.04 -0.08 -0.10
3.Earning per share (D8/E1) (rs. per share) - 0.07 -0.43 -0.87 -1.21
4.Net Claims Incurred Ratio (D5/D3) - - - 0.04 0.03
5.Underwriting profit to profit after tax. (D6/D8) - 0.00 0.00 0.00 0.00
6.Investment income to net premium (D1/D3) - - - 0.37 0.15
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) - 0.15 0.17 0.20 0.28
2. Investment to total assets (C3/C) - 0.70 0.58 0.48 0.39
H.Capital /leverage ratios
1.Capital ratio (A/C) - 0.97 0.93 0.80 0.65
2.Break up value per share (A/E1) (Rs. per share) - 10.01 9.58 8.70 7.50
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 - -20.83 2.67 0.71 0.20
Pak Kuwait Takaful Co. Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 225,856 227,563 387,714 189,529 199,730
1.Share capital 250,000 250,000 400,000 400,000 400,000
2.Reserves 0 0 0 46,713 89,609
3.Un appropriated profit (24,144) (22,437) (12,286) (257,184) (289,879)
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 183,233 121,358 141,046 417,185 481,307
1.Balance of statutory funds 36,424 (1,544) (41,204) 0 0
2.Outstanding claims, adv., prem., due to other insurers 126,785 101,378 141,933 323,033 366,979
3.Other/misc. liabilities 20,024 21,524 40,317 94,152 114,328
C.Total assets (C1 to C5) 409,089 348,921 528,760 606,714 681,037
1.Cash and balances with banks 219,491 142,024 270,181 277,407 257,599
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 33,631 42,591 42,461 54,646 56,871
4.Other/misc. assets 114,353 130,034 180,176 240,928 336,960
5.Fixed assets 41,614 34,272 35,942 33,733 29,607
D.Profit & loss account
1.Investment income 3,288 558 610 1,904 1,499
2.Gross premium 260,222 222,456 256,734 322,967 642,246
3.Net premium 106,340 143,043 159,952 239,644 266,026
4.Gross claims 216,074 220,097 219,145 250,424 305,855
5.Net claims 158,065 197,353 197,534 229,144 225,946
6.Underwriting profit (52,605) (60,173) 68,370 (67,902) (39,914)
7.Profit/(loss) before taxation 2,646 1,707 12,345 64,352 49,318
8.Profit/(loss) after taxation 1,345 1,707 10,151 59,000 42,895
E.Other items
1.No. of ordinary shares (000) 25,000 25,000 40,000 40,000 40,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 4,491 (80,188) 29,175 (13,192) (51,536)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) 0.01 0.01 0.03 0.31 0.21
2.Return on assets (ROA) (D8/C) 0.00 0.00 0.02 0.10 0.06
3.Earning per share (D8/E1) (rs. per share) 0.05 0.07 0.25 1.48 1.07
4.Net Claims Incurred Ratio (D5/D3) 1.49 1.38 1.24 0.96 0.85
5.Underwriting profit to profit after tax. (D6/D8) -39.11 -35.25 6.74 -1.15 -0.93
6.Investment income to net premium (D1/D3) 0.03 0.00 0.00 0.01 0.01
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.54 0.41 0.51 0.46 0.38
2. Investment to total assets (C3/C) 0.08 0.12 0.08 0.09 0.08
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.55 0.65 0.73 0.31 0.29
2.Break up value per share (A/E1) (Rs. per share) 9.03 9.10 9.69 4.74 4.99
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 3.34 -46.98 2.87 -0.22 -1.20
Pak Qatar Family Takaful Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 424,320 367,095 431,155 362,279 434,160
1.Share capital 451,672 532,971 532,972 608,853 710,629
2.Reserves 0 0 0 0 0
3.Un appropriated profit (27,352) (165,876) (101,817) (246,574) (276,469)
4.Others 1,661 0 0 0 0
B.Total liabilities (B1 to B3) 11,307 293,332 122,170 715,126 1,637,879
1.Balance of statutory funds 1,595 226,212 64,110 575,702 1,400,522
2.Outstanding claims, adv., prem., due to other insurers 176 65,459 56,399 136,034 181,681
3.Other/misc. liabilities 9,536 1,661 1,661 3,390 55,676
C.Total assets (C1 to C5) 437,288 660,427 553,325 1,077,405 2,072,039
1.Cash and balances with banks 208,641 81,268 84,327 349,256 811,894
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 179,278 285,428 255,437 406,802 902,195
4.Other/misc. assets 9,276 157,717 99,415 219,453 236,785
5.Fixed assets 40,093 136,014 114,146 101,894 121,165
D.Profit & loss account
1.Investment income 9,868 40,563 8,478 17,636 23,435
2.Gross premium 1,267 121,740 26,838 1,043,143 1,865,386
3.Net premium 1,095 456,177 125,102 152,300 272,569
4.Gross claims 0 86,295 25,534 158,833 262,391
5.Net claims 0 37,885 21,820 100,580 130,547
6.Underwriting profit 1,095 233,279 74,195 0 0
7.Profit/(loss) before taxation (21,420) (105,262) (115,278) (105,771) (4,373)
8.Profit/(loss) after taxation (21,426) (62,330) (72,365) (72,027) (9,395)
E.Other items
1.No. of ordinary shares (000) 45,167 53,297 53,297 60,885 71,063
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (30,644) 16,442 (63,071) 304,614 780,441
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -0.05 -0.17 -0.17 -0.20 -0.02
2.Return on assets (ROA) (D8/C) -0.05 -0.09 -0.13 -0.07 0.00
3.Earning per share (D8/E1) (rs. per share) -0.47 -1.17 -1.36 -1.18 -0.13
4.Net Claims Incurred Ratio (D5/D3) 0.00 0.08 0.17 0.66 0.48
5.Underwriting profit to profit after tax. (D6/D8) -0.05 -3.74 -1.03 0.00 0.00
6.Investment income to net premium (D1/D3) 9.01 0.09 0.07 0.12 0.09
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.48 0.12 0.15 0.32 0.39
2. Investment to total assets (C3/C) 0.41 0.43 0.46 0.38 0.44
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.97 0.56 0.78 0.34 0.21
2.Break up value per share (A/E1) (Rs. per share) 9.39 6.89 8.09 5.95 6.11
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 1.43 -0.26 0.87 -4.23 -83.07
Pak Qatar General Takaful Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 297,391 278,576 279,094 266,740 275,297
1.Share capital 307,800 307,800 307,800 307,800 307,800
2.Reserves 0 0 0 0 0
3.Un appropriated profit (10,409) (29,224) (28,706) (41,060) (32,503)
4.Others 2,661 2,661 2,660 2,661 0
B.Total liabilities (B1 to B3) 3,559 63,023 112,824 105,971 172,789
1.Balance of statutory funds 28 0 0 0 0
2.Outstanding claims, adv., prem., due to other insurers 347 40,718 117,779 49,345 162,130
3.Other/misc. liabilities 3,184 22,305 (4,955) 56,626 10,659
C.Total assets (C1 to C5) 303,611 344,260 394,578 375,372 448,086
1.Cash and balances with banks 177,469 135,543 30,164 14,316 81,817
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 106,259 122,485 221,674 184,810 131,274
4.Other/misc. assets 5,773 53,313 90,283 140,453 186,376
5.Fixed assets 14,110 32,919 52,457 35,793 48,619
D.Profit & loss account
1.Investment income 14,805 3,965 1,920 75,803 3,741
2.Gross premium 1,621 0 579,037 141,503 330,472
3.Net premium (1,528) 273,616 264,807 87,425 91,317
4.Gross claims 399 0 481,742 162,401 187,398
5.Net claims 399 145,589 234,206 137,620 136,142
6.Underwriting profit (1,930) 96,816 (44,409) 0 0
7.Profit/(loss) before taxation (5,660) 0 (126,278) (43,694) 11,247
8.Profit/(loss) after taxation (5,668) (75) (1,301) (28,625) 8,557
E.Other items
1.No. of ordinary shares (000) 30,780 30,780 30,780 30,780 30,780
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (43,132) (129,185) (122,446) (77,219) (7,893)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -0.02 0.00 0.00 -0.11 0.03
2.Return on assets (ROA) (D8/C) -0.02 0.00 0.00 -0.08 0.02
3.Earning per share (D8/E1) (rs. per share) -0.18 0.00 -0.04 -0.93 0.28
4.Net Claims Incurred Ratio (D5/D3) -0.26 0.53 0.88 1.57 1.49
5.Underwriting profit to profit after tax. (D6/D8) 0.34 -1290.88 34.13 0.00 0.00
6.Investment income to net premium (D1/D3) -9.69 0.01 0.01 0.87 0.04
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.58 0.39 0.08 0.04 0.18
2. Investment to total assets (C3/C) 0.35 0.36 0.56 0.49 0.29
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.98 0.81 0.71 0.71 0.61
2.Break up value per share (A/E1) (Rs. per share) 9.66 9.05 9.07 8.67 8.94
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 7.61 1722.47 94.12 2.70 -0.92
Takaful Pakistan Ltd.
Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 259,221 196,787 165,982 130,541 133,784
1.Share capital 300,000 300,000 300,000 300,000 300,000
2.Reserves (40,779) 0 0 0 0
3.Un appropriated profit 0 (103,213) (134,018) (169,459) (166,216)
4.Others 0 0 0 0 43,095
B.Total liabilities (B1 to B3) 124,599 356,194 507,064 333,309 289,815
1.Balance of statutory funds (9,929) (36,951) (3,507) 8,545 -
2.Outstanding claims, adv., prem., due to other insurers 81,027 158,088 165,831 437,230 207,059
3.Other/misc. liabilities 53,501 235,057 344,740 (112,466) 82,756
C.Total assets (C1 to C5) 383,820 552,981 673,046 463,850 466,694
1.Cash and balances with banks 182,210 244,822 356,981 231,439 239,195
2.Advances to policy holders & employees 0 0 0 0 0
3.Investments in securities & properties 50,886 77,790 54,739 49,071 57,771
4.Other/misc. assets 113,820 179,016 217,717 153,350 148,948
5.Fixed assets 36,904 51,353 43,609 29,990 20,780
D.Profit & loss account
1.Investment income 332 3,193 7,184 1,563 2,086
2.Gross premium 67,257 207,818 92,507 221,619 165,283
3.Net premium 14,723 162,205 205,444 146,937 143,230
4.Gross claims 36,810 116,229 31,349 117,308 113,780
5.Net claims 16,914 109,071 86,127 102,391 73,584
6.Underwriting profit (10,728) (31,359) 11,801 (50,373) (11,650)
7.Profit/(loss) before taxation 47,284 (40,328) 16,667 (40,051) 1,834
8.Profit/(loss) after taxation (30,654) (62,434) (22,854) (35,441) 3,907
E.Other items
1.No. of ordinary shares (000) 30,000 30,000 30,000 30,000 30,000
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (19,422) 127,611 (123,741) (156,102) (8,881)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A) -0.12 -0.32 -0.14 -0.27 0.03
2.Return on assets (ROA) (D8/C) -0.08 -0.11 -0.03 -0.08 0.01
3.Earning per share (D8/E1) (rs. per share) -1.02 -2.08 -0.76 -1.18 0.13
4.Net Claims Incurred Ratio (D5/D3) 1.15 0.67 0.42 0.70 0.51
5.Underwriting profit to profit after tax. (D6/D8) 0.35 0.50 -0.52 1.42 -2.98
6.Investment income to net premium (D1/D3) 0.02 0.02 0.04 0.01 0.01
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.47 0.44 0.53 0.50 0.51
2. Investment to total assets (C3/C) 0.13 0.14 0.08 0.11 0.12
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.68 0.36 0.25 0.28 0.29
2.Break up value per share (A/E1) (Rs. per share) 8.64 6.56 5.53 4.35 4.46
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4 0.63 -2.04 5.41 4.40 -2.27
 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
95,188,989 87,538,324 91,096,313 100,593,380 141,449,459 130,316,677 128,579,024
28,840,979 30,403,452 34,125,938 34,889,169 36,815,193 39,588,321 42,448,302
37,512,218 27,840,211 27,874,564 28,916,545 60,096,941 47,457,366 42,274,962
28,835,792 29,294,661 29,095,811 36,787,666 44,537,325 43,270,990 43,855,760
2,319,262 2,437,720 1,946,133 2,241,190 3,081,149 2,743,345 3,138,453
502,102,701 597,470,218 715,477,867 849,290,532 1,110,442,591 1,224,916,867 1,361,319,519
381,705,318 474,244,067 583,287,684 712,290,613 2,483,637 3,049,994 3,729,090
89,015,719 88,236,846 94,079,241 99,783,557 817,331,661 902,527,773 1,005,724,371
31,381,664 34,989,305 38,110,942 37,216,362 290,627,293 319,339,100 351,866,058
599,610,952 687,446,262 808,520,313 952,125,101 1,254,973,198 1,357,976,888 1,493,036,994
56,635,595 63,471,524 54,448,379 75,512,089 59,415,634 72,132,560 65,532,643
27,674,553 34,699,248 41,915,574 51,344,857 63,618,947 1,538,716 1,608,499
418,233,916 487,603,426 592,718,731 699,051,639 987,647,020 1,050,277,578 1,139,557,041
88,137,693 92,413,496 109,703,884 114,720,140 132,118,971 217,994,294 266,891,202
8,929,195 9,258,568 9,733,745 11,496,376 12,172,626 16,033,740 19,447,609

10,978,729 10,491,485 9,806,802 12,595,403 13,081,117 151,099,601 89,024,537

154,887,569 176,133,029 201,576,280 237,287,200 263,980,909 294,644,245 311,030,780
118,760,598 138,187,791 159,696,275 193,279,044 215,186,530 253,144,482 273,455,066
73,186,398 72,053,153 85,866,140 96,700,763 115,385,078 127,171,083 140,628,484
49,155,594 55,194,059 64,918,652 77,789,696 95,585,828 110,648,433 125,201,863
40,212,278 44,154,679 52,237,270 71,661,729 66,867,482 132,116,281 150,902,727
16,018,848 15,980,611 17,377,832 23,609,773 25,385,158 24,775,654 22,011,196
12,630,040 12,894,509 13,733,855 18,411,525 17,882,162 16,254,425 14,127,049

2,859,932 3,021,178 3,204,532 3,198,917 3,411,519 3,688,832 3,929,830

N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
31,399,908 30,306,353 40,132,540 52,317,354 48,534,032 58,599,503 59,357,055

0.13 0.15 0.15 0.18 0.13 0.12 0.11

0.02 0.02 0.02 0.02 0.01 0.01 0.01
4.42 4.27 4.29 5.76 5.24 4.41 3.59
0.41 0.40 0.41 0.40 0.44 0.44 0.46
3.18 3.42 3.80 3.89 3.74 8.13 10.68
0.09 0.08 0.06 0.07 0.06 0.60 0.33

0.09 0.09 0.07 0.08 0.05 0.05 0.04

0.70 0.71 0.73 0.73 0.79 0.77 0.76

0.16 0.13 0.11 0.11 0.11 0.10 0.09

33.28 28.97 28.43 31.45 41.46 35.33 32.72

2.49 2.35 2.92 2.84 2.71 3.61 4.20

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
7,672,908 9,604,981 11,559,431 13,196,202 20,317,550 22,775,844 24,269,918
4,812,738 5,256,906 7,250,974 7,250,974 7,463,402 7,716,193 8,836,193
(199,124) 674,555 108,688 475,410 3,651,823 4,595,669 5,568,163
3,059,294 3,673,520 4,199,769 5,469,818 9,202,325 10,463,982 9,865,562
24,000 0 0 0 1,763,210 986,443 1,260,028
416,169,932 513,612,931 624,241,712 749,521,429 982,491,224 1,086,290,787 1,215,109,390
378,099,716 468,114,062 574,457,431 699,644,508 0 0 0
21,873,931 23,582,518 26,260,092 30,258,378 734,067,498 810,201,764 909,279,009
16,196,285 21,916,351 23,524,189 19,618,543 248,423,726 276,089,023 305,830,381
423,866,840 523,217,912 635,801,143 762,717,630 1,004,571,984 1,110,053,074 1,240,639,336
37,883,967 46,469,182 34,462,669 51,453,538 41,256,688 51,651,624 48,084,537
27,517,745 34,501,434 41,762,889 51,183,609 63,424,098 1,073,893 1,202,099
330,191,591 407,230,492 509,589,285 606,303,661 840,384,565 915,619,874 1,006,819,824
26,912,074 33,297,906 47,956,674 51,060,853 55,946,440 135,412,822 177,581,159
1,361,463 1,718,898 2,029,626 2,715,969 3,560,193 6,294,861 6,951,717

781,603 619,758 1,007,538 977,317 1,347,762 73,365,231 81,016,134

87,558,963 106,913,113 124,920,503 154,724,842 171,780,969 198,954,987 216,435,519
85,942,529 105,006,747 122,919,049 152,550,493 169,155,733 196,532,135 213,538,176
32,364,735 38,074,986 46,711,753 58,192,743 73,590,010 83,304,800 96,498,789
31,095,125 36,533,507 45,334,840 56,758,063 71,720,064 81,004,135 94,284,250
35,580,527 40,523,919 46,571,456 65,515,530 60,014,111 127,894,046 145,101,506
3,615,765 4,155,942 4,901,298 6,373,220 7,911,523 9,963,044 8,403,004
2,421,877 2,827,069 3,330,788 4,220,479 5,283,415 6,498,998 5,452,216

382,274 426,690 455,097 455,097 476,340 501,619 568,619

N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
26,455,063 26,715,089 35,788,163 46,371,696 42,357,258 54,803,340 53,226,173

0.32 0.29 0.29 0.32 0.26 0.29 0.22

0.01 0.01 0.01 0.01 0.01 0.01 0.00
6.34 6.63 7.32 9.27 11.09 12.96 9.59
0.36 0.35 0.37 0.37 0.42 0.41 0.44
14.69 14.33 13.98 15.52 11.36 19.68 26.61
0.01 0.01 0.01 0.01 0.01 0.37 0.38

0.09 0.09 0.05 0.07 0.04 0.05 0.04

0.78 0.78 0.80 0.79 0.84 0.82 0.81

0.02 0.02 0.02 0.02 0.02 0.02 0.02

20.07 22.51 25.40 29.00 42.65 45.40 42.68

10.92 9.45 10.74 10.99 8.02 8.43 9.76

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
240,545 419,022 363,902 350,974 1,241,425 1,059,301 1,126,817
735,162 935,494 935,494 935,494 935,494 935,494 935,494
(537,749) (571,686) (641,812) (655,612) 233,009 69,450 139,035
43,132 55,214 70,220 71,092 72,922 54,357 52,288
0 0 0 0 25,162 4,639 (3,928)
2,258,599 5,215,486 8,825,330 15,307,736 22,246,310 28,393,488 32,789,403
2,017,689 4,860,342 8,256,342 14,444,778 0 0 0
73,147 180,850 274,885 467,929 481,280 642,625 1,391,835
167,763 174,294 294,103 395,029 21,765,030 27,750,863 31,397,568
2,499,144 5,634,508 9,189,232 15,658,710 23,512,897 29,457,428 33,912,292
225,548 313,425 572,661 1,339,795 1,677,912 1,351,635 3,311,653
0 965,593 3,523 10,347 28,624 40,086 45,367
2,129,482 5,157,389 8,099,714 13,682,874 20,133,136 27,348,232 29,638,487
119,848 (856,308) 454,655 554,978 1,547,339 503,693 749,148
24,266 54,409 58,679 70,716 125,886 213,782 167,637

22,936 27,921 33,855 27,544 23,632 146,016 1,585,556

2,297,193 4,474,726 5,214,947 9,150,640 11,301,714 13,766,086 13,247,254
2,190,441 4,312,688 4,976,433 8,837,691 10,913,432 13,294,151 12,711,254
263,791 731,150 1,413,037 2,036,899 3,480,937 4,826,323 6,915,636
154,990 608,119 1,243,399 1,778,293 3,151,648 4,400,308 6,392,091
1,449,721 2,912,022 2,908,522 5,743,284 6,428,487 12,921,738 13,157,398
9,022 16,551 18,685 4,160 1,962 (242,152) 72,563
8,303 12,082 15,006 871 1,178 (169,749) 56,088

73,516 93,549 93,549 93,549 93,549 93,549 93,549

0.00 - 0.00 0.00 0.00 0.00 0.00
0.00 - 0.00 0.00 0.00 0.00 0.00
1,228,921 2,611,271 2,463,754 5,153,454 4,335,391 6,884,690 4,059,752

0.03 0.03 0.04 0.00 0.00 -0.16 0.05

0.00 0.00 0.00 0.00 0.00 -0.01 0.00
0.11 0.13 0.16 0.01 0.01 -1.81 0.60
0.07 0.14 0.25 0.20 0.29 0.33 0.50
174.60 241.02 193.82 6593.90 5457.12 -76.12 234.58
0.01 0.01 0.01 0.00 0.00 0.01 0.12

0.09 0.06 0.06 0.09 0.07 0.05 0.10

0.85 0.92 0.88 0.87 0.86 0.93 0.87

0.10 0.07 0.04 0.02 0.05 0.04 0.03

3.27 4.48 3.89 3.75 13.27 11.32 12.05

148.01 216.13 164.18 5916.71 3680.30 -40.56 72.38

 (Thousand Rupees)
2012 2013 2014 2015 2016 Not available Not available
312,749 300,529 305,088 203,546 248,255
500,000 500,000 500,000 500,000 600,000
0 0 0 0 0
(187,251) (199,471) (194,912) (296,454) (351,745)
0 0 0 0 0
386,512 431,054 333,224 388,356 184,747
283,179 270,229 229,239 245,782 122,365
80,958 135,040 70,060 102,713 33,349
22,375 25,785 33,925 39,861 29,033
699,261 731,583 638,312 591,902 433,002
42,196 109,664 88,079 81,512 196,763
0 0 0 0 0
475,222 460,091 395,801 374,486 143,813
172,708 153,707 148,647 132,883 69,161
9,135 8,121 5,785 3,021 23,265

75,216 73,466 32,469 20,474 9,369

669,906 723,235 341,502 434,253 116,279
668,518 721,750 340,186 432,503 114,924
593,522 679,218 270,548 383,837 154,649
593,522 679,218 270,548 383,837 154,649
21,375 96,623 6,008 66,592 (44,795)
58,949 56,540 14,094 3,243 (1,387)
59,850 55,443 13,842 1,337 (791)

50,000 50,000 50,000 50,000 60,000

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
(89,343) (52,439) (133,311) (66,391) (212,252)

0.19 0.18 0.05 0.01 0.00

0.09 0.08 0.02 0.00 0.00
1.20 1.11 0.28 0.03 -0.01
0.89 0.94 0.80 0.89 1.35
0.36 1.74 0.43 49.81 56.63
0.11 0.10 0.10 0.05 0.08

0.06 0.15 0.14 0.14 0.45

0.68 0.63 0.62 0.63 0.33

0.45 0.41 0.48 0.34 0.57

6.25 6.01 6.10 4.07 4.14

-1.49 -0.95 -9.63 -49.66 268.33

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
88,555 211,470 230,493 202,830 194,282 158,620 545,627
500,456 594,292 594,292 594,292 601,720 601,720 1,101,720
0 0 0 0 (320,764) (355,735) (452,235)
(411,901) (382,822) (363,799) (391,462) (86,674) (87,365) (103,858)
24,000 0 0 0 282 100,238 257
301,315 341,532 348,835 341,993 281,990 268,109 297,489
238,392 269,042 247,312 215,406 0 0 0
52,365 68,745 98,966 109,202 83,362 77,910 108,263
10,558 3,745 2,557 17,385 198,628 190,199 189,226
413,870 553,002 579,328 544,822 476,554 526,967 843,373
136,060 188,821 207,319 189,137 65,960 55,225 73,881
8,589 8,819 8,357 9,950 10,671 10,859 9,804
202,035 277,686 284,900 305,099 359,808 423,767 714,005
34,681 49,360 53,778 19,334 20,824 19,987 40,300
32,505 28,316 24,974 21,302 19,291 17,129 5,383

11,708 16,381 18,723 9,852 16,373 23,833 29,631

235,366 260,599 225,031 42,859 24,856 19,211 43,849
181,272 219,576 142,582 31,584 20,081 16,758 25,661
220,256 184,300 203,166 99,226 50,399 39,556 64,040
162,133 118,445 120,971 73,712 49,516 37,332 50,083
7,840 87,605 39,326 16,179 (59,824) 42,380 58,472
(4,613) 4,213 28,386 (2,223) (4,751) (35,073) (112,738)
(7,415) 4,984 29,048 (3,307) (4,917) (35,662) (112,993)

50,046 59,429 59,429 59,429 60,172 60,172 110,172

0.00 0.00 0.00 0.00 0.01% 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(54,726) 27,362 (9,807) (29,730) (109,938) (71,636) (118,998)

-0.08 0.02 0.13 -0.02 -0.03 -0.22 -0.21

-0.02 0.01 0.05 -0.01 -0.01 -0.07 -0.13
-0.15 0.08 0.49 -0.06 -0.08 -0.59 -1.03
0.89 0.54 0.85 2.33 2.47 2.23 1.95
-1.06 17.58 1.35 -4.89 12.17 -1.19 -0.52
0.06 0.07 0.13 0.31 0.82 1.42 1.15

0.33 0.34 0.36 0.35 0.14 0.10 0.09

0.49 0.50 0.49 0.56 0.76 0.80 0.85

0.21 0.38 0.40 0.37 0.41 0.30 0.65

1.77 3.56 3.88 3.41 3.23 2.64 4.95

7.38 5.49 -0.34 8.99 22.36 2.01 1.05

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
2,094,258 2,533,372 2,834,273 3,409,743 5,535,588 5,870,550 5,951,883
850,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
232,500 500,500 750,500 950,000 1,650,000 1,900,000 2,150,000
1,011,758 1,032,872 1,083,773 1,459,743 2,885,588 2,970,550 2,801,883
0 0 0 0 582,271 92,121 75,713
35,800,049 46,570,887 64,394,209 87,855,636 100,496,875 103,582,513 110,737,015
33,743,933 43,582,653 61,222,367 83,836,320 0 0 0
1,294,174 1,294,174 1,815,614 2,216,190 2,416,546 2,840,305 2,545,802
761,942 1,694,060 1,356,228 1,803,126 98,080,329 100,742,208 108,191,213
37,894,307 49,104,259 67,228,482 91,265,379 106,614,734 109,545,184 116,764,611
1,723,572 7,614,047 7,666,369 14,406,587 3,037,489 6,057,913 4,786,362
60,585 75,322 71,300 100,187 91,912 105,386 136,737
34,728,349 39,585,719 55,534,580 71,941,323 99,021,099 97,959,122 105,820,637
774,696 1,018,936 2,872,629 3,149,588 2,309,842 3,213,921 3,562,210
607,105 810,235 1,083,604 1,667,694 2,154,392 2,208,842 2,458,665

277,797 106,673 475,995 144,448 410,697 6,411,124 6,942,391

11,873,842 14,058,930 18,219,910 31,033,830 24,676,452 31,420,835 30,790,407
11,301,615 13,365,479 17,595,939 30,351,972 23,861,851 30,813,133 30,164,268
3,038,639 3,992,240 5,184,170 9,396,055 18,351,861 14,828,672 13,589,766
2,625,301 3,483,942 4,714,369 8,941,518 17,764,439 14,237,934 13,094,451
6,810,486 7,738,253 10,270,678 18,537,493 3,261,031 27,157,046 30,372,245
1,392,468 1,398,314 1,423,373 2,225,370 2,798,096 2,794,241 2,326,390
914,118 929,114 950,901 1,475,470 1,872,896 1,909,962 1,581,333

85,000 100,000 100,000 100,000 100,000 100,000 100,000

0.55 0.65 0.75 1.00 0.02 0.02 0.02
17.65% 0.00 0.00 0.00 0.00 0.00 0.00
5,045,710 5,765,564 7,939,450 15,860,606 212,450 7,299,968 7,835,807

0.44 0.37 0.34 0.43 0.34 0.33 0.27

0.02 0.02 0.01 0.02 0.02 0.02 0.01
10.75 9.29 9.51 14.75 18.73 19.10 15.81
0.23 0.26 0.27 0.29 0.74 0.46 0.43
7.45 8.33 10.80 12.56 1.74 14.22 19.21
0.02 0.01 0.03 0.00 0.02 0.21 0.23

0.05 0.16 0.11 0.16 0.03 0.06 0.04

0.92 0.81 0.83 0.79 0.93 0.89 0.91

0.06 0.05 0.04 0.04 0.05 0.05 0.05

24.64 25.33 28.34 34.10 55.36 58.71 59.52

5.52 6.21 8.35 10.75 0.11 3.82 4.96

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
826,798 865,050 825,502 889,901 1,496,342 1,569,055 1,402,094
500,000 500,000 500,000 500,000 605,000 705,672 705,672
(340,952) (376,552) 0 0 77,899 173,456 71,065
667,750 741,602 325,502 389,901 813,443 689,927 625,357
0 0 0 0 108,208 (24,767) (48,240)
8,787,784 11,232,452 11,037,084 12,716,255 17,943,342 18,484,007 17,296,523
8,208,597 10,609,447 10,455,853 12,020,855 0 0 0
281,703 342,627 248,428 323,405 423,213 336,799 351,275
297,484 280,378 332,803 371,995 17,520,129 18,147,208 16,945,248
9,614,582 12,097,502 11,862,586 13,606,156 19,547,892 20,028,295 18,650,377
452,268 186,460 596,598 433,202 610,880 746,277 768,762
99,963 107,033 134,711 146,947 0 0 0
8,536,478 11,152,340 10,308,203 12,094,010 17,671,547 17,771,814 15,681,832
464,910 607,530 788,634 858,438 1,181,180 1,382,315 1,645,575
60,963 44,139 34,440 73,559 84,285 127,889 554,208

70,489 86,739 89,389 105,621 106,863 1,072,504 1,077,634

4,170,408 4,388,535 2,535,167 3,962,435 7,584,067 5,617,388 4,793,561
4,081,149 4,292,671 2,435,929 3,834,615 7,436,242 5,488,472 4,656,321
1,255,839 2,217,650 3,429,808 2,612,003 3,213,429 4,392,221 5,154,003
1,239,915 2,161,218 3,398,383 2,598,090 3,186,980 4,318,736 5,122,635
2,466,639 1,803,581 (1,278,523) 914,613 3,813,915 453,138 (939,362)
196,429 111,897 82,615 112,645 135,539 225,975 (134,076)
126,357 73,852 55,352 76,599 94,890 157,771 (94,703)

50,000 50,000 50,000 50,000 60,500 70,567 70,567

0.00 0.00 0.00 0.10 0.00 0.10 0.16%
0.00 0.00 0.00 0.00 0.16% 0.16 0.00
2,095,960 1,258,411 (1,880,798) 279,454 2,965,665 (411,053) (1,990,349)

15.28% 8.54% 6.71% 8.61% 6.34% 10.06% -6.75%

1.31% 0.61% 0.47% 0.56% 0.49% 0.79% -0.51%
2.53 1.48 1.11 1.53 1.57 2.24 -1.34
30.38% 50.35% 139.51% 67.75% 42.86% 78.69% 110.01%
1952.12% 2442.16% -23.10 1194.03% 40.19 287.21% 9.92
1.73% 2.02% 3.67% 2.75% 1.44% 19.54% 23.14%

0.05 1.54% 5.03% 3.18% 3.13% 3.73% 4.12%

88.79% 92.19% 0.87 88.89% 0.90 88.73% 84.08%

0.09 7.15% 6.96% 6.54% 7.65% 7.83% 7.52%

16.54 17.30 16.51 17.80 24.73 22.23 19.87

1658.76% 1703.96% -3397.89% 364.83% 3125.37% -260.54% 2101.67%

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
1,795,635 2,243,122 3,159,865 3,910,237 7,120,394 9,301,632 10,363,161
627,120 627,120 721,188 721,188 721,188 793,307 793,307
0 0 0 0 1,825,862 2,501,455 3,153,255
1,168,515 1,616,002 2,438,677 3,189,049 4,573,344 6,006,870 6,416,599
0 0 0 0 544,802 15,090 (21,492)
21,752,105 32,047,478 46,453,638 65,313,697 95,131,570 111,196,179 129,284,345
19,853,501 29,914,579 44,020,932 62,205,691 0 0 0
917,650 916,055 962,796 1,291,111 1,774,327 2,465,214 5,565,251
980,954 1,216,844 1,469,910 1,816,895 93,357,243 108,730,965 123,719,094
23,547,740 34,290,600 49,613,503 69,223,934 102,796,766 120,512,901 139,626,014
4,582,439 4,945,256 5,070,940 7,379,823 4,404,061 4,893,175 5,673,359
6,806 8,971 6,199 9,350 9,152 18,909 24,792
18,207,492 28,327,956 41,908,749 58,999,033 94,253,985 110,010,655 112,519,463
430,516 631,512 2,137,854 2,296,206 3,394,977 2,331,502 18,082,299
320,487 376,905 489,761 539,522 734,591 3,258,660 3,326,101

185,542 172,330 206,401 345,552 463,311 5,959,850 7,564,517

12,080,180 17,076,588 21,823,383 29,929,196 38,003,577 46,816,891 51,887,073
11,501,196 16,349,900 21,085,925 29,120,815 36,988,234 45,905,895 50,670,972
2,731,241 4,196,270 5,611,509 7,639,144 10,268,591 14,015,203 17,294,771
2,252,223 3,646,764 5,082,604 7,021,641 9,473,846 12,969,716 16,315,729
6,786,232 9,477,505 12,256,165 17,492,293 23,009,185 42,091,302 48,996,245
808,669 1,389,941 2,001,463 2,441,560 3,151,604 5,135,506 3,775,351
553,373 941,471 1,361,532 1,621,560 2,107,898 3,261,837 2,430,331

62,712 62,712 72,119 72,119 72,119 79,331 79,331

0.45 0.60 0.95 1.35 1.45% 1.75% 1.75%
0.00 0.15 0.00 0.00 0.00 0.00 0.00
5,092,687 7,390,766 9,457,705 14,024,645 18,136,828 22,157,759 22,499,257

0.31 0.42 0.43 0.41 0.30 0.35 0.23

0.02 0.03 0.03 0.02 0.02 0.03 0.02
8.82 15.01 18.88 22.48 29.23 41.12 30.64
0.20 0.22 0.24 0.24 0.26 0.28 0.32
12.26 10.07 9.00 10.79 10.92 12.90 20.16
0.02 0.01 0.01 0.01 0.01 0.13 0.15

0.19 0.14 0.10 0.11 0.04 0.04 0.04

0.77 0.83 0.84 0.85 0.92 0.91 0.81

0.08 0.07 0.06 0.06 0.07 0.08 0.07

28.63 35.77 43.81 54.22 98.73 117.25 130.63

9.20 7.85 6.95 8.65 8.60 6.79 9.26

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
2,314,368 3,032,416 3,840,308 4,228,971 4,398,078 4,576,958 4,720,658
1,100,000 1,100,000 3,000,000 3,000,000 3,000,000 3,000,000 3,500,000
447,077 1,122,293 0 181,022 185,817 307,043 507,043
767,291 810,123 840,308 1,047,949 1,212,261 1,269,915 713,615
0 0 0 0 502,485 779,122 1,157,718
346,883,568 417,774,042 492,849,392 567,597,756 746,289,576 824,105,800 924,352,798
313,754,425 378,607,770 450,025,386 526,675,676 0 0 0
19,173,934 20,645,027 22,789,343 25,747,828 728,855,421 803,781,784 899,221,629
13,955,209 18,521,245 20,034,663 15,174,252 17,434,155 20,324,016 25,131,169
349,197,936 420,806,458 496,689,700 571,826,727 751,190,139 829,461,880 930,231,174
30,721,884 33,111,509 20,260,703 27,623,482 31,348,623 38,452,099 33,298,315
27,341,802 33,335,696 41,538,799 50,906,828 63,283,739 898,653 985,399
265,912,533 322,269,311 393,057,338 448,906,836 608,801,177 661,915,969 742,242,883
24,914,715 31,693,169 41,500,477 44,049,426 47,347,590 127,758,291 153,290,575
307,002 396,773 332,383 340,155 409,010 436,868 414,002

137,915 136,248 150,706 323,826 317,517 59,738,227 63,800,988

56,232,068 65,930,500 76,560,563 80,171,629 90,074,024 101,044,743 115,238,178
56,018,338 65,744,683 76,342,055 79,941,313 89,820,969 100,760,717 114,914,347
24,261,447 26,074,158 30,599,515 36,025,579 38,070,144 45,117,374 53,211,649
24,067,041 25,835,801 30,504,566 35,960,972 37,938,986 44,954,658 53,040,337
18,038,234 18,408,330 22,369,280 22,745,076 23,606,112 44,954,658 53,040,337
1,154,841 1,178,486 1,332,682 1,588,465 1,830,460 2,256,129 2,675,420
767,291 810,123 905,107 1,047,949 1,212,261 1,546,552 1,792,210

11,000 11,000 30,000 30,000 30,000 30,000 35,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
13,135,854 9,714,154 17,951,170 11,149,658 17,029,114 19,024,872 21,068,067

0.33 0.27 0.24 0.25 0.28 0.34 0.38

0.00 0.00 0.00 0.00 0.00 0.00 0.00
69.75 73.65 30.17 34.93 40.41 51.55 51.21
0.43 0.39 0.40 0.45 0.42 0.45 0.46
23.51 22.72 24.71 21.70 19.47 29.07 29.59
0.00 0.00 0.00 0.00 0.00 0.59 0.56

0.09 0.08 0.04 0.05 0.04 0.05 0.04

0.76 0.77 0.79 0.79 0.81 0.80 0.80

0.01 0.01 0.01 0.01 0.01 0.01 0.01

210.40 275.67 128.01 140.97 146.60 152.57 134.88

17.12 11.99 19.83 10.64 14.05 12.30 11.76

 (Thousand Rupees)
Not available Not available 2014 2015 2016 2017 2018
305,088 203,546 331,441 239,728 159,678
500,000 500,000 600,000 680,000 800,000
0 0 0 0 0
(194,912) (296,454) (268,559) (440,272) (640,322)
0 0 0 20,000 100,000
333,224 388,356 101,561 260,691 351,817
229,239 245,782 0 0 0
70,060 102,713 33,349 57,127 94,954
33,925 39,861 68,212 203,564 256,863
638,312 591,902 433,002 520,419 611,495
88,079 81,512 111,763 95,300 172,205
0 0 0 0 0
395,801 374,486 143,813 190,315 202,517
148,647 132,883 144,688 203,113 211,052
5,785 3,021 32,738 31,691 25,721

32,469 20,474 9,369 13,677 15,417

341,502 434,253 116,279 269,833 435,197
340,186 432,503 114,924 253,009 395,353
270,548 383,837 154,649 85,451 268,924
270,548 383,837 154,649 85,451 268,924
6,008 66,592 (44,795) 273,784 416,171
14,094 3,243 (1,387) (171,582) (199,906)
13,842 1,337 (791) (171,713) (200,050)

50,000 50,000 60,000 68,000 80,000

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.13%
(133,311) (66,391) (212,252) (81,260) (127,363)

0.05 0.01 0.00 -0.72 -1.25

0.02 0.00 0.00 -0.33 -0.33
0.28 0.03 -0.01 -2.53 -2.50
0.80 0.89 1.35 0.34 0.68
0.43 49.81 56.63 -1.59 -2.08
0.10 0.05 0.08 0.05 0.04

0.14 0.14 0.26 0.18 0.28

0.62 0.63 0.33 0.37 0.33

0.48 0.34 0.77 0.46 0.26

6.10 4.07 5.52 3.53 2.00

-9.63 -49.66 268.33 0.47 0.64

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
85,911,320 76,257,934 77,994,558 85,672,698 119,197,111 105,237,393 101,536,542
21,530,183 22,578,241 24,231,587 24,956,223 26,669,819 28,868,022 29,982,770
37,570,906 26,996,078 27,611,295 28,729,273 56,719,892 43,132,816 37,122,153
26,810,231 26,683,615 26,151,676 31,987,202 35,807,400 33,236,555 34,431,619
2,266,079 2,432,295 1,956,934 2,372,062 990,973 1,346,340 1,350,990
80,761,775 75,700,325 79,900,836 85,009,157 108,478,728 116,241,159 120,561,360
0 0 0 0 0 0 0
66,051,255 63,297,672 66,177,568 68,129,992 81,971,884 90,909,822 94,961,277
14,710,520 12,402,653 13,723,268 16,879,165 26,506,844 25,331,337 25,600,083
168,939,174 154,390,554 159,852,328 173,053,917 228,666,812 222,824,892 223,448,891
16,123,274 13,762,078 15,080,069 13,957,146 13,990,926 15,827,710 12,927,560
154,918 195,687 150,577 160,149 192,160 451,119 398,903
85,365,742 75,795,126 77,708,916 88,616,982 133,144,045 117,423,049 111,894,893
59,982,948 57,361,032 59,466,953 61,778,053 73,075,654 79,773,283 86,198,902
7,312,292 7,276,631 7,445,813 8,541,587 8,264,027 9,349,731 12,028,633

10,083,551 9,772,495 8,705,619 11,525,778 11,648,142 76,883,518 6,840,239

61,999,065 62,063,032 68,597,486 73,236,976 82,126,307 85,265,626 84,209,852
31,534,547 31,357,857 34,689,399 38,457,368 43,497,059 47,706,158 51,378,342
39,593,688 31,885,338 36,240,847 35,614,978 38,237,079 39,110,459 39,363,995
17,266,539 17,533,867 18,134,238 19,624,133 22,311,119 25,669,600 26,667,411
4,617,570 3,648,757 5,517,698 6,162,586 6,868,594 4,200,129 5,789,765
12,321,763 11,740,259 12,422,653 17,545,218 17,723,135 15,068,108 13,935,911
10,145,853 9,987,073 10,385,439 14,569,114 12,912,257 10,072,307 9,067,094

2,227,852 2,337,656 2,485,097 2,475,622 2,666,982 2,886,802 2,998,277

N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
3,246,339 1,720,620 2,679,882 3,033,429 3,765,002 768,833 3,605,181

0.12 0.13 0.13 0.17 0.11 0.10 0.09

0.06 0.06 0.07 0.08 0.06 0.05 0.04
4.55 4.27 4.18 5.89 4.84 3.49 3.02
0.55 0.56 0.52 0.51 0.51 0.54 0.52
0.46 0.37 0.53 0.42 0.53 0.42 0.64
0.32 0.31 0.25 0.30 0.27 1.61 0.13

0.10 0.09 0.09 0.08 0.06 0.07 0.06

0.51 0.49 0.49 0.51 0.58 0.53 0.50

0.51 0.49 0.49 0.50 0.52 0.47 0.45

38.56 32.62 31.38 34.61 44.69 36.45 33.86

0.32 0.17 0.26 0.21 0.29 0.08 0.40

 (Thousand Rupees)
2012 2013 2014 2015 Not available Not available Not available
401,165 397,661 513,976 398,102
300,000 300,000 300,000 300,000
101,165 97,661 213,976 98,102
0 0 0 0
0 0 0 0
954,562 1,217,715 848,289 1,499,353
0 0 0 0
772,005 973,678 762,683 1,428,871
182,557 244,037 85,606 70,482
1,355,727 1,615,376 1,362,265 1,897,455
762,316 741,103 626,000 641,381
0 0 0 0
0 0 0 0
577,271 861,141 717,438 1,236,316
16,140 13,132 18,827 19,758

0 0 0 0
602,644 579,943 777,874 544,729
116,279 152,056 244,938 66,479
84,687 550,502 103,839 357,789
4,152 29,127 10,215 39,060
67,587 60,529 123,799 (70,067)
142,917 125,729 277,500 (31,968)
89,443 80,505 182,576 (31,943)

30,000 30,000 30,000 30,000

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
(76,335) (6,067) (83,730) 65,890

0.22 0.20 0.36 -0.08

0.07 0.05 0.13 -0.02
2.98 2.68 6.09 -1.06
0.04 0.19 0.04 0.59
0.76 0.75 0.68 2.19
0.00 0.00 0.00 0.00

0.56 0.46 0.46 0.34

0.00 0.00 0.00 0.00

0.30 0.25 0.38 0.21

13.37 13.26 17.13 13.27

-0.85 -0.08 -0.46 -2.06

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
11,485,747 13,046,547 13,660,985 14,561,315 21,871,855 20,364,465 19,663,359
1,237,045 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,001
1,441,879 1,440,409 1,396,934 1,408,626 6,278,086 5,000,501 3,784,200
8,806,823 8,106,138 8,764,051 9,652,689 12,093,769 11,863,964 12,379,158
0 0 0 0 0 0 0
13,121,416 14,155,439 15,267,657 17,818,714 23,767,842 27,023,072 28,181,736
0 0 0 0 0 0 0
10,819,833 12,008,701 12,947,025 15,139,146 18,713,108 22,383,450 23,680,578
2,301,583 2,146,738 2,320,632 2,679,568 5,054,734 4,639,622 4,501,158
24,607,163 27,201,986 28,928,642 32,380,029 45,639,697 47,387,537 47,845,094
2,507,411 2,546,276 2,876,630 2,898,132 3,811,171 2,278,614 2,211,444
12,791 16,151 14,225 16,998 18,369 147,024 103,455
9,948,294 11,359,717 13,482,064 15,393,433 24,337,225 23,749,454 24,114,124
11,021,016 12,083,170 11,441,925 12,770,269 16,223,192 18,580,304 17,822,573
1,117,651 1,196,672 1,113,798 1,301,197 1,249,740 2,632,141 3,593,498

1,331,791 2,357,262 2,060,861 3,502,042 3,502,042 1,493,778 1,284,656

10,058,873 10,076,581 12,145,147 13,639,668 16,270,031 18,521,851 20,387,059
5,671,977 5,506,556 6,302,550 7,747,391 9,615,381 11,534,999 13,805,781
12,417,251 7,604,981 9,928,306 10,310,530 10,609,406 10,632,888 13,413,513
4,142,667 3,486,861 4,088,215 5,223,103 6,210,499 7,433,828 8,385,752
(412,271) 136,560 369,210 241,685 1,077,987 556,779 815,905
670,420 2,210,395 2,030,472 2,214,371 4,053,636 2,120,906 2,173,500
628,055 1,966,159 1,879,098 1,942,559 3,492,944 1,221,228 1,239,000

123,705 350,000 350,000 350,000 350,000 350,000 350,000

0.25 0.35 0.28 0.30 0.40 0.25 0.25
0.00 1.83 0.00 0.00 0.00 0.00 0.00
(305,368) (336,674) 1,147,794 838,188 222,446 1,060,014 1,892,177

0.05 0.15 0.14 0.13 0.16 0.06 0.06

0.03 0.07 0.07 0.06 0.08 0.03 0.03
5.08 5.62 5.37 5.55 9.98 3.49 3.54
0.73 0.63 0.65 0.67 0.65 0.64 0.61
-0.66 0.07 0.20 0.12 0.31 0.46 0.66
0.23 0.43 0.33 0.45 0.36 0.13 0.09

0.10 0.09 0.10 0.09 0.08 0.05 0.05

0.40 0.42 0.47 0.48 0.53 0.50 0.50

0.47 0.48 0.47 0.45 0.48 0.43 0.41

92.85 37.28 39.03 41.60 62.49 58.18 56.18

-0.49 -0.17 0.61 0.43 0.06 0.87 1.53

 (Thousand Rupees)
2012 2013 2014 2015 Not available Not available Not available
121,769 135,647 152,217 152,217
140,400 140,400 140,400 140,400
1,650 1,650 1,650 1,650
(20,281) (6,403) 10,167 10,167
0 0 0 0
2,936 1,784 2,597 2,597
0 0 0 0
1,466 0 0 0
1,470 1,784 2,597 2,597
124,705 137,431 154,814 154,814
4,898 5,466 6,348 6,348
0 0 0 0
42,956 28,733 16,355 16,355
76,244 102,723 131,684 131,684
607 509 427 427

24,201 15,052 14,465 14,465

0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
21,779 14,234 16,832 16,832
21,532 13,878 16,571 16,571

14,040 14,040 14,040 14,040

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
(1,888) (2,043) (2,420) (2,420)

0.18 0.10 0.11 0.11

0.17 0.10 0.11 0.11
1.53 0.99 1.18 1.18
- - - -
0.00 0.00 0.00 0.00
- - - -

0.04 0.04 0.04 0.04

0.34 0.21 0.11 0.11

0.98 0.99 0.98 0.98

8.67 9.66 10.84 10.84

-0.09 -0.15 -0.15 -0.15

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
486,611 586,856 710,311 814,769 985,184 1,054,417 1,066,866
300,000 300,000 300,000 500,000 500,000 500,000 500,000
16,381 151,381 151,381 160,834 203,541 152,332 100,604
170,230 135,475 258,930 153,935 281,643 402,085 466,262
0 0 0 0 0 0 0
1,509,668 1,251,053 1,469,542 1,571,437 1,875,401 2,096,066 2,120,005
0 0 0 0 0 0 0
1,352,261 1,062,431 1,242,815 1,314,702 1,498,541 1,649,111 1,609,041
157,407 188,622 226,727 256,735 376,860 446,955 510,964
1,996,279 1,837,909 2,179,853 2,386,206 2,860,585 3,150,483 3,186,871
162,256 102,403 207,641 132,469 374,766 765,259 592,898
2,127 2,866 3,910 2,685 4,114 3,419 4,996
701,627 785,754 860,171 978,776 798,107 574,442 1,016,096
1,042,765 857,965 1,033,574 1,199,698 1,500,068 1,614,801 1,390,698
87,504 88,921 74,557 72,578 183,530 192,562 182,183

93,166 78,329 101,341 75,383 96,509 48,856 36,932

1,060,187 1,230,932 1,330,854 1,545,612 1,924,317 2,082,005 2,338,699
454,403 563,744 705,323 780,180 916,586 1,043,222 1,302,298
877,172 452,217 622,815 593,629 861,774 711,734 1,168,455
262,368 317,378 410,817 429,297 493,076 470,630 617,966
92,460 126,637 150,515 180,158 86,168 100,692 24,197
107,886 123,040 150,594 153,511 194,975 176,895 95,188
98,022 102,577 123,037 115,214 129,374 123,040 65,767

30,000 30,000 30,000 50,000 50,000 50,000 50,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.20 0.00 0.00 0.00 0.00 0.00 0.00
81,311 (35,965) 81,469 (9,452) 79,782 163,110 257,785

0.20 0.17 0.17 0.14 0.13 0.12 0.06

0.05 0.06 0.06 0.05 0.05 0.04 0.02
3.27 3.42 4.10 2.30 2.59 2.46 1.32
0.58 0.56 0.58 0.55 0.54 0.45 0.47
0.94 1.23 1.22 1.56 0.67 0.82 0.37
0.21 0.14 0.14 0.10 0.11 0.05 0.03

0.08 0.06 0.10 0.06 0.13 0.24 0.19

0.35 0.43 0.39 0.41 0.28 0.18 0.32

0.24 0.32 0.33 0.34 0.34 0.33 0.33

16.22 19.56 23.68 16.30 19.70 21.09 21.34

0.83 -0.35 0.66 -0.08 0.62 1.33 3.92

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
453,985 525,606 577,945 600,399 664,856 581,408 561,442
300,000 300,000 300,000 300,000 500,000 500,000 500,000
0 0 0 0 33,787 (9,773) (11,752)
153,985 225,606 277,945 300,399 131,069 91,181 73,194
0 0 0 0 0 0 0
623,808 740,245 771,245 980,532 1,110,622 1,239,580 1,253,455
0 0 0 0 0 0 0
555,319 631,297 638,064 814,145 923,764 1,049,803 1,066,964
68,489 108,948 133,181 166,387 186,858 189,777 186,491
1,077,793 1,265,851 1,349,190 1,580,931 1,775,478 1,820,988 1,814,897
26,152 33,816 41,511 67,576 91,398 39,549 122,911
0 0 0 2,287 1,387 10,882 8,628
640,457 972 1,537 910,217 888,660 759,479 695,971
387,054 1,196,738 1,265,763 564,124 752,822 954,636 934,167
24,130 34,325 40,379 36,727 41,211 56,442 53,220

91,263 87,295 101,228 122,960 111,148 44,449 20,931

1,082,540 1,294,270 1,492,970 1,664,793 2,004,643 1,947,030 2,026,447
752,578 798,144 994,753 1,026,724 1,286,460 1,227,527 1,335,397
887,474 864,386 1,047,409 1,112,362 1,470,078 1,443,373 1,694,426
568,187 581,895 731,942 769,980 1,027,222 936,425 1,069,395
95,031 116,283 157,780 135,011 145,578 132,905 101,299
169,341 183,050 234,282 229,913 216,577 121,740 76,947
127,061 131,621 172,339 172,454 150,670 84,244 57,013

30,000 30,000 30,000 30,000 50,000 50,000 50,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
26,312 109,910 57,062 213,864 (9,129) 26,334 72,977

0.28 0.25 0.30 0.29 0.23 0.14 0.10

0.12 0.10 0.13 0.11 0.08 0.05 0.03
4.24 4.39 5.74 5.75 3.01 1.68 1.14
0.76 0.73 0.74 0.75 0.80 0.76 0.80
0.75 0.88 0.92 0.78 0.97 1.58 1.78
0.12 0.11 0.10 0.12 0.09 0.04 0.02

0.02 0.03 0.03 0.04 0.05 0.02 0.07

0.59 0.00 0.00 0.58 0.50 0.42 0.38

0.42 0.42 0.43 0.38 0.37 0.32 0.31

15.13 17.52 19.26 20.01 13.30 11.63 11.23

0.21 0.84 0.33 1.24 -0.06 0.31 1.28

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
486,550 583,721 603,304 635,309 702,578 741,053 705,602
403,600 403,600 403,600 403,600 403,600 500,000 500,000
10,175 10,175 10,175 10,175 92,844 95,005 108,890
72,775 169,946 189,529 221,534 206,134 146,048 96,712
0 0 0 0 0 0 0
455,935 444,581 426,408 339,167 493,790 670,093 510,467
0 0 0 0 0 0 0
363,554 338,208 225,387 244,081 396,088 590,450 423,339
92,381 106,373 201,021 95,086 97,702 79,643 87,128
942,485 1,028,302 1,029,712 974,476 1,196,368 1,411,146 1,216,069
33,650 75,847 64,319 33,151 22,320 133,048 31,399
0 0 0 0 0 0 0
522,518 587,325 614,688 654,630 829,497 779,013 808,033
369,121 349,765 336,860 276,288 337,186 493,864 372,771
17,196 15,365 13,845 10,407 7,365 5,221 3,866

96,873 158,328 87,972 77,297 78,203 53,760 43,777

203,849 265,239 219,652 179,989 151,448 106,277 83,473
67,428 115,149 90,907 63,215 79,946 79,917 47,419
73,245 98,984 117,407 135,756 60,567 111,868 158,074
37,441 55,815 53,856 14,991 47,719 89,344 46,024
(43,419) (30,534) (42,981) (12,280) (73,177) (123,106) (97,527)
31,883 103,200 23,056 41,128 (19,057) (67,595) (53,466)
35,209 97,677 19,509 31,664 (15,475) (59,846) (49,628)

40,360 40,360 40,360 40,360 40,360 50,000 50,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(13,781) (47,030) (65,602) (68,339) (35,352) (110,640) (134,613)

0.07 0.17 0.03 0.05 -0.02 -0.08 -0.07

0.04 0.10 0.02 0.03 -0.01 -0.04 -0.04
0.87 2.42 0.48 0.78 -0.38 -1.20 -0.99
0.56 0.48 0.59 0.24 0.60 1.12 0.97
-1.23 -0.31 -2.20 -0.39 4.73 2.06 1.97
1.44 1.38 0.97 1.22 0.98 0.67 0.92

0.04 0.07 0.06 0.03 0.02 0.09 0.03

0.55 0.57 0.60 0.67 0.69 0.55 0.66

0.52 0.57 0.59 0.65 0.59 0.53 0.58

12.06 14.46 14.95 15.74 17.41 14.82 14.11

-0.39 -0.48 -3.36 -2.16 2.28 1.85 2.71

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
352,763 372,304 419,817 488,142 543,829 620,624 985,939
300,000 300,000 300,000 300,000 450,000 450,000 800,000
2,500 2,500 2,500 2,500 2,500 2,500 2,500
50,263 69,804 117,317 185,642 91,329 168,124 183,439
136,060 136,060 136,060 136,060 91,060 463 (20)
71,599 158,322 257,073 328,487 404,352 515,237 478,083
0 0 0 0 0 0 0
47,245 125,889 179,948 244,865 333,689 453,659 415,047
24,354 32,433 77,125 83,622 70,663 61,578 63,036
560,422 666,686 812,950 952,689 1,039,241 1,136,324 1,464,002
62,903 49,162 53,813 70,764 116,140 243,196 316,248
0 0 0 0 0 0 0
179,776 217,249 228,173 233,607 317,284 312,437 498,372
88,171 155,789 254,502 331,686 355,541 481,409 568,193
229,572 244,486 276,462 316,632 250,276 99,282 81,189

28,903 37,794 33,354 12,926 51,676 (30,084) 10,778

53,083 154,004 304,784 450,174 540,234 659,319 521,370
29,301 70,332 190,975 347,054 420,122 527,728 480,215
21,380 59,841 48,919 87,142 124,004 188,544 194,584
10,136 24,625 41,954 64,193 95,338 179,238 136,965
(3,585) 9,079 60,260 125,980 15,393 (17,495) (19,528)
7,301 20,830 59,581 93,086 73,955 84,669 15,457
10,180 19,541 47,513 68,325 71,098 76,795 20,315

30,000 30,000 30,000 30,000 45,000 45,000 80,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.20 0.25 0.00 0.00
(26,592) 6,897 15,914 115,450 (17,826) 207 (97,978)

0.03 0.05 0.11 0.14 0.13 0.12 0.02

0.02 0.03 0.06 0.07 0.07 0.07 0.01
0.34 0.65 1.58 2.28 1.58 1.71 0.25
0.35 0.35 0.22 0.19 0.23 0.34 0.29
-0.35 0.46 1.27 1.84 0.22 -0.23 -0.96
0.99 0.54 0.17 0.04 0.12 -0.06 0.02

0.11 0.07 0.07 0.07 0.11 0.21 0.22

0.32 0.33 0.28 0.25 0.31 0.28 0.34

0.63 0.56 0.52 0.51 0.52 0.55 0.67

11.76 12.41 13.99 16.27 12.09 13.79 12.32

-2.61 0.35 0.33 1.69 -0.25 0.00 -4.82

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
502,897 618,476 779,535 975,777 1,404,244 1,484,286 1,686,721
323,620 388,344 388,344 388,344 543,681 625,234 625,234
74,658 74,658 74,658 74,658 210,233 165,157 173,699
104,619 155,474 316,533 512,775 650,330 693,895 887,788
0 0 0 - 0 0 0
1,721,117 1,619,519 1,718,415 1,865,924 2,341,406 3,026,843 3,167,844
0 0 0 - 0 0 0
1,396,157 1,326,718 1,417,276 1,502,297 1,942,797 2,555,292 2,642,691
324,960 292,801 301,139 363,627 398,609 471,551 525,153
2,224,014 2,237,995 2,497,950 2,841,701 3,745,650 4,511,129 4,854,565
483,242 119,603 133,969 115,264 151,902 191,755 147,175
1,736 1,111 1,586 1,488 1,344 801 13,095
605,034 912,463 1,061,355 1,203,669 1,524,532 1,606,820 1,831,910
1,057,303 1,137,695 1,251,719 1,343,705 1,934,140 2,591,353 2,633,479
76,699 67,123 49,321 177,575 133,732 120,400 228,906

55,090 65,022 125,959 104,032 122,238 87,829 70,701

1,414,000 1,605,033 1,719,458 2,005,056 2,249,946 2,583,234 2,885,080
699,947 841,925 971,450 1,091,884 1,255,230 1,356,189 1,811,751
561,576 749,096 931,063 1,017,248 1,045,253 1,005,118 1,407,006
372,934 464,838 561,424 537,792 644,502 622,365 1,069,485
165,808 206,764 209,802 337,909 369,211 252,431 272,577
86,393 149,636 202,217 274,916 320,516 364,497 420,847
74,287 119,065 163,415 198,508 236,805 253,690 295,767

32,362 38,834 38,834 38,834 54,368 62,523 62,523

0.00 0.00 0.00 0.15 0.10 0.25 0.15
0.20 0.00 0.00 0.10 0.15 0.00 0.15
435,940 (169,060) 28,955 120,099 123,594 257,472 364,137

0.15 0.19 0.21 0.20 0.17 0.17 0.18

0.03 0.05 0.07 0.07 0.06 0.06 0.06
2.30 3.07 4.21 5.11 4.36 4.06 4.73
0.53 0.55 0.58 0.49 0.51 0.46 0.59
2.23 1.74 1.28 1.70 1.56 1.00 0.92
0.08 0.08 0.13 0.10 0.10 0.06 0.04

0.22 0.05 0.05 0.04 0.04 0.04 0.03

0.27 0.41 0.42 0.42 0.41 0.36 0.38

0.23 0.28 0.31 0.34 0.37 0.33 0.35

15.54 15.93 20.07 25.13 25.83 23.74 26.98

5.87 -1.42 0.18 0.61 0.52 1.01 1.23

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
1,198,425 1,438,031 1,667,502 1,845,899 4,727,324 4,047,043 3,460,876
531,526 637,831 701,614 701,614 701,614 701,614 701,614
301,064 344,064 421,064 545,064 3,406,850 2,685,644 2,104,563
365,835 456,136 544,824 599,221 618,860 659,785 654,699
0 0 0 0 0 0 0
1,504,248 1,576,705 1,676,517 1,951,115 3,347,497 2,715,078 3,204,851
0 0 0 0 0 0 0
1,234,076 1,279,048 1,310,866 1,533,346 1,710,330 1,521,055 2,297,663
270,172 297,657 365,651 417,769 1,637,167 1,194,023 907,188
2,702,673 3,014,736 3,344,019 3,797,014 8,074,821 6,762,121 6,665,727
282,013 162,163 433,170 428,284 250,436 702,252 1,327,987
170 162 194 150 97 37 16
1,255,886 1,550,372 1,868,597 2,124,477 6,437,759 4,933,697 3,726,699
1,098,177 1,245,899 990,206 1,187,872 1,327,319 1,037,057 1,528,945
66,427 56,140 51,852 56,231 59,210 89,078 82,080

180,692 246,399 294,682 357,016 458,140 321,547 230,857

1,500,344 1,400,230 1,651,321 1,964,485 2,333,644 2,379,272 2,849,455
603,616 755,684 878,381 959,230 1,044,230 1,274,543 1,473,915
234,186 412,846 301,752 493,839 684,382 689,134 893,127
133,237 163,418 210,525 203,946 268,889 432,519 488,305
295,316 342,893 406,713 462,708 484,203 578,495 684,323
467,763 587,572 690,815 797,819 916,846 988,847 989,029
366,356 455,973 544,968 601,157 618,174 663,987 665,568

53,153 63,783 70,161 70,161 70,161 70,161 70,161

0.40 0.50 0.60 0.60 0.65 0.65 0.70
0.20 0.10 0.00 0.00 0.00 0.00 0.10
399,670 100,698 592,054 299,951 300,395 363,836 725,505

0.31 0.32 0.33 0.33 0.13 0.16 0.19

0.14 0.15 0.16 0.16 0.08 0.10 0.10
6.89 7.15 7.77 8.57 8.81 9.46 9.49
0.22 0.22 0.24 0.21 0.26 0.34 0.33
0.81 0.75 0.75 0.77 0.78 0.87 1.03
0.30 0.33 0.34 0.37 0.44 0.25 0.16

0.10 0.05 0.13 0.11 0.03 0.10 0.20

0.46 0.51 0.56 0.56 0.80 0.73 0.56

0.44 0.48 0.50 0.49 0.59 0.60 0.52

22.55 22.55 23.77 26.31 67.38 57.68 49.33

1.09 0.22 1.09 0.50 0.49 0.55 1.09

(Thousand Rupees)
Not available Not available Not available Not available Not available Not available Not available
 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
1,022,950 1,111,606 1,185,311 1,753,891 1,857,271 1,730,534 1,720,404
457,244 457,244 457,244 457,244 457,244 502,968 502,968
373,024 373,024 373,024 373,024 520,979 335,843 343,543
192,682 281,338 355,043 923,623 879,048 891,723 873,893
0 0 0 0 0 0 0
589,159 627,323 691,412 906,468 1,015,912 1,005,098 1,109,340
0 0 0 0 0 0 0
480,604 494,563 561,805 746,687 762,767 774,531 864,768
108,555 132,760 129,607 159,781 253,145 230,567 244,572
1,612,109 1,738,929 1,876,723 2,660,359 2,873,183 2,735,632 2,829,744
90,511 105,278 245,205 173,451 108,621 116,781 440,366
0 0 0 0 0 2,671 3,200
998,097 1,112,661 1,095,864 1,732,984 2,010,462 1,519,135 1,404,190
479,544 473,895 487,275 697,726 682,045 1,030,903 909,663
43,957 47,095 48,379 56,198 72,055 66,142 72,325

104,967 133,173 135,888 634,704 223,483 147,056 (54,366)

585,100 667,073 755,311 1,034,842 1,008,602 1,049,724 1,185,648
268,223 321,673 388,502 515,005 659,251 593,051 690,290
320,770 207,704 291,784 448,805 97,395 386,530 446,221
112,042 159,306 201,946 299,836 390,450 246,956 288,199
83,583 82,998 107,828 128,261 148,596 85,533 129,725
129,401 150,750 158,454 649,260 264,663 233,593 105,020
116,247 147,335 142,372 638,313 185,867 140,006 71,327

45,724 45,724 45,724 45,724 45,724 50,297 50,297

0.13 0.15 0.15 0.50 0.18 0.18 0.13
0.00 0.00 0.00 0.00 0.10 0.00 0.00
50,840 45,094 46,432 10,147 19,641 (69,264) 108,884

0.11 0.13 0.12 0.36 0.10 0.08 0.04

0.07 0.08 0.08 0.24 0.06 0.05 0.03
2.54 3.22 3.11 13.96 4.06 2.78 1.42
0.42 0.50 0.52 0.58 0.59 0.42 0.42
0.72 0.56 0.76 0.20 0.80 0.61 1.82
0.39 0.41 0.35 1.23 0.34 0.25 -0.08

0.06 0.06 0.13 0.07 0.04 0.04 0.16

0.62 0.64 0.58 0.65 0.70 0.56 0.50

0.63 0.64 0.63 0.66 0.65 0.63 0.61

22.37 24.31 25.92 38.36 40.62 34.41 34.21

0.44 0.31 0.33 0.02 0.11 -0.49 1.53

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
401,165 397,661 513,976 398,102 469,198 565,891 610,009
300,000 300,000 300,000 300,000 400,000 500,000 500,000
101,165 97,661 213,976 98,102 69,198 5,272 8,742
0 0 0 0 0 60,619 101,267
0 0 0 0 0 0 0
954,562 1,217,715 848,289 1,499,353 813,613 602,697 405,391
0 0 0 0 0 0 0
772,005 973,678 762,683 1,452,013 755,819 421,769 362,273
182,557 244,037 85,606 47,340 57,794 180,928 43,118
1,355,727 1,615,376 1,362,265 1,897,455 1,282,811 1,168,588 1,015,400
762,316 741,103 626,000 641,381 437,543 38,199 38,220
0 0 0 0 0 0 0
0 0 0 0 53,945 642,810 516,599
577,271 861,141 717,438 1,236,316 775,486 473,071 442,638
16,140 13,132 18,827 19,758 15,837 14,508 17,943

0 0 0 0 25,582 26,630 33,970

602,644 579,943 777,874 544,729 392,561 528,230 437,342
116,279 152,056 244,938 66,479 121,362 108,066 125,783
84,687 550,502 103,839 357,789 705,585 232,467 158,119
4,152 29,127 10,215 39,060 21,468 11,040 26,887
67,587 60,529 123,799 (70,067) 6,048 32,737 24,819
142,917 125,729 277,500 (31,968) 27,932 56,789 59,987
89,443 80,505 182,576 (31,943) 16,815 42,425 41,472

30,000 30,000 30,000 30,000 40,000 50,000 50,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(76,335) (6,067) (83,730) 65,890 (197,192) 117,353 (154,220)

0.22 0.20 0.36 -0.08 0.04 0.08 0.07

0.07 0.05 0.13 -0.02 0.01 0.04 0.04
2.98 2.68 6.09 -1.06 0.42 0.85 0.83
0.04 0.19 0.04 0.59 0.18 0.10 0.21
0.76 0.75 0.68 2.19 0.36 0.77 0.60
0.00 0.00 0.00 0.00 0.21 0.25 0.27

0.56 0.46 0.46 0.34 0.34 0.03 0.04

0.00 0.00 0.00 0.00 0.04 0.55 0.51

0.30 0.25 0.38 0.21 0.37 0.48 0.60

13.37 13.26 17.13 13.27 11.73 11.32 12.20

-0.85 -0.08 -0.46 -2.06 -11.73 2.77 -3.72

(Thousand Rupees)
2016 Not available Not available Not available Not available Not available Not available
377,491
300,000
-
77,491
100,000
400,424
-
95,066
305,358
877,915
569,615
533
270,370
26,838
10,559

20,578
127,263
143,523
124,240
32,303
104,089
90,384
63,152

30,000
0.00
0.00
9,963

16.73%
7.19%
2.11
22.51%
164.82%
14.34%

64.88%
0.31

0.43
12.58

15.78%
 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
66,174 88,749 552,043 633,726 942,828 939,265 1,126,807
121,000 121,000 620,125 620,125 826,833 826,833 1,076,950
26,265 26,265 26,265 26,265 105,103 28,372 28,895
(81,091) (58,516) (94,347) (12,664) 10,892 84,060 20,962
21,108 0 (199,650) (123,650) (199,650) 50,363 (199,650)
88,742 76,074 222,449 328,145 366,658 253,385 252,436
0 0 0 0 0 0 0
81,152 70,487 175,241 215,569 167,726 166,833 110,801
7,590 5,587 47,208 112,576 198,932 86,552 141,635
176,024 164,823 574,842 838,221 1,109,836 1,243,013 1,179,593
13,666 6,954 4,140 11,753 58,368 57,571 73,139
0 0 0 0 23 215 0
21,971 14,680 269,997 78,061 188,474 241,152 165,578
101,309 132,086 283,427 727,359 841,159 919,620 919,523
39,078 11,103 17,278 21,048 21,812 24,455 21,353

6,091 8,154 6,644 9,056 6,906 103,712 307

68,620 84,926 237,051 265,768 190,288 113,280 114,614
40,991 55,767 136,248 236,907 206,346 109,614 111,270
25,425 28,569 39,590 73,939 57,072 35,915 23,194
11,760 14,087 25,172 92,333 55,418 37,283 17,453
6,558 6,115 19,069 30,292 52,364 (95,046) (89,181)
(17,842) 2,068 (34,467) 89,855 25,622 40,021 (49,237)
(18,162) 1,467 (35,830) 81,682 23,557 73,167 (63,097)

12,100 12,100 62,013 62,013 82,683 82,683 107,695

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(5,990) (61,790) (62,734) (378,694) 20,644 (330,573) (6,829)

-0.27 0.02 -0.06 0.13 0.03 0.08 -0.06

-0.10 0.01 -0.06 0.10 0.02 0.06 -0.05
-1.50 0.12 -0.58 1.32 0.28 0.88 -0.59
0.29 0.25 0.18 0.39 0.27 0.34 0.16
-0.36 4.17 -0.53 0.37 2.22 -1.30 1.41
0.15 0.15 0.05 0.04 0.03 0.95 0.00

0.08 0.04 0.01 0.01 0.05 0.05 0.06

0.12 0.09 0.47 0.09 0.17 0.19 0.14

0.38 0.54 0.96 0.76 0.85 0.76 0.96

5.47 7.33 8.90 10.22 11.40 11.36 10.46

0.33 -42.12 1.75 -4.64 0.88 -4.52 0.11

Not available Not available Not available Not available Not available Not available Not available
 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
11,131,164 11,907,929 13,111,099 15,847,012 21,083,909 20,841,285 19,298,455
1,250,000 1,250,000 1,600,000 1,600,000 2,000,000 2,000,000 2,000,000
8,362,902 9,012,902 9,512,902 10,512,902 15,443,591 15,638,968 14,522,985
1,518,262 1,645,027 1,998,197 3,734,110 3,640,318 3,202,317 2,775,470
0 0 0 0 0 0 859,097
17,926,264 17,030,608 16,116,146 16,417,023 20,259,141 22,812,819 22,711,571
0 0 0 0 0 0 0
16,120,715 15,091,960 14,086,041 14,139,638 16,392,852 19,092,528 18,920,486
1,805,549 1,938,648 2,030,105 2,277,385 3,866,289 3,720,291 3,791,085
29,057,428 28,938,537 29,227,245 32,264,035 41,343,050 43,654,104 42,869,123
1,669,886 2,083,142 1,520,795 1,748,996 1,867,466 1,594,759 1,266,562
2,612 2,309 2,578 2,114 2,258 9,058 10,028
13,611,374 15,001,642 15,860,356 19,356,874 26,260,086 28,223,784 25,482,899
12,902,913 10,991,033 10,923,950 10,054,733 12,065,821 12,537,480 13,493,986
870,643 860,411 919,566 1,101,318 1,147,419 1,289,023 2,615,648

850,792 771,958 914,981 1,202,481 1,009,428 1,512,280 1,612,336

12,359,958 13,882,077 14,514,105 15,008,465 16,099,993 18,837,706 18,780,177
6,008,956 6,341,517 6,532,352 6,676,862 7,242,821 7,614,588 7,562,349
8,225,355 3,558,821 5,834,749 5,327,662 4,347,275 5,067,420 4,956,502
3,297,441 3,406,415 2,973,025 2,998,060 2,694,098 2,975,071 3,088,870
678,793 771,848 1,316,402 1,052,562 1,789,019 1,632,428 1,306,804
1,613,896 1,622,876 2,262,240 4,809,131 3,781,284 3,661,586 3,262,364
1,564,446 1,392,232 1,829,051 4,033,902 2,392,442 2,500,330 2,171,273

125,000 125,000 160,000 160,000 200,000 200,000 200,000

0.50 0.50 0.60 0.75 1.00 1.00 1.00
0.00 0.28 0.00 0.25 0.00 0.00 0.00
292,396 1,219,271 (214,213) 1,342,009 826,235 3,096,396 20,052

0.14 0.12 0.14 0.25 0.11 0.12 0.11

0.05 0.05 0.06 0.13 0.06 0.06 0.05
12.52 11.14 11.43 25.21 11.96 12.50 10.86
0.55 0.54 0.46 0.45 0.37 0.39 0.41
0.43 0.55 0.72 0.26 0.75 0.65 0.60
0.14 0.12 0.14 0.18 0.14 0.20 0.21

0.06 0.07 0.05 0.05 0.05 0.04 0.03

0.47 0.52 0.54 0.60 0.64 0.65 0.59

0.38 0.41 0.45 0.49 0.51 0.48 0.45

89.05 95.26 81.94 99.04 105.42 104.21 96.49

0.19 0.88 -0.12 0.33 0.35 1.24 0.01

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
466,100 559,285 664,912 756,014 990,000 1,049,518 1,123,839
331,820 365,002 401,502 451,690 508,151 609,782 762,227
100,000 100,000 100,000 100,000 197,788 191,119 133,048
34,280 94,283 163,410 204,324 284,061 248,617 228,564
0 0 0 0 0 0 0
369,252 516,702 734,041 819,256 1,349,337 1,639,854 1,834,242
0 0 0 0 0 0 0
308,978 413,314 564,329 642,460 1,123,822 1,434,054 1,603,088
60,274 103,388 169,712 176,796 225,515 205,800 231,154
835,352 1,075,987 1,398,953 1,575,270 2,339,337 2,689,372 2,958,081
62,204 35,820 82,481 66,944 11,663 14,892 35,777
0 0 0 0 0 0 0
354,417 551,419 729,551 896,385 1,123,383 1,236,661 1,123,750
360,532 432,442 533,721 490,356 1,078,214 1,320,336 1,641,834
58,199 56,306 53,200 121,585 126,077 117,483 156,720

36,777 100,907 97,173 33,141 187,510 (47,436) (9,220)

855,720 1,124,297 1,419,871 1,767,738 2,066,836 2,531,428 3,107,161
467,724 622,572 760,242 870,242 981,285 1,054,707 1,459,230
346,612 456,445 504,241 502,857 603,924 850,977 912,411
179,314 253,987 305,386 378,315 469,034 469,917 633,992
112,964 116,902 139,472 147,114 181,258 228,395 270,799
84,251 148,579 171,768 183,894 297,013 88,795 146,116
68,057 126,367 142,127 131,252 282,147 66,187 132,392

33,182 36,500 40,150 45,169 50,815 60,978 76,223

0.00 0.00 0.00 0.10 0.13 0.00 0.00
0.10 0.00 0.00 0.13 0.13 0.20 0.25
42,607 110,105 157,743 161,780 49,250 166,099 33,558

0.15 0.23 0.21 0.17 0.29 0.06 0.12

0.08 0.12 0.10 0.08 0.12 0.02 0.04
2.05 3.46 3.54 2.91 5.55 1.09 1.74
0.38 0.41 0.40 0.43 0.48 0.45 0.43
1.66 0.93 0.98 1.12 0.64 3.45 2.05
0.08 0.16 0.13 0.04 0.19 -0.05 -0.01

0.07 0.03 0.06 0.04 0.01 0.01 0.01

0.42 0.51 0.52 0.57 0.48 0.46 0.38

0.56 0.52 0.48 0.48 0.42 0.39 0.38

14.05 15.32 16.56 16.74 19.48 17.21 14.74

0.63 0.87 1.11 1.23 0.17 2.51 0.25

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
305,087 308,867 315,624 322,700 519,310 556,139 544,226
300,000 300,000 300,000 300,000 400,000 500,000 500,000
110 - - - 97,483 81,522 81,547
4,977 8,867 15,624 22,700 21,827 (25,383) (37,321)
0 0 0 - 0 0 0
16,203 19,182 15,694 10,389 87,731 77,879 72,490
0 0 0 - 0 0 0
12,393 14,224 12,084 8,628 13,047 34,660 12,615
3,810 4,958 3,610 1,761 74,684 43,219 59,875
321,290 328,049 331,318 333,089 607,041 634,018 616,716
79,520 6,098 5,030 34,872 64,603 5,307 15,729
0 0 0 472 451 541 536
197,008 305,757 312,253 284,854 531,429 602,499 577,286
40,523 13,378 11,773 8,750 6,664 22,449 20,600
4,239 2,816 2,262 4,141 3,894 3,222 2,565

61,279 28,842 38,573 20,537 105,549 (22,703) 13,976

12,984 6,925 4,145 3,802 4,561 3,980 2,231
6,724 4,644 2,391 359 673 1,874 502
14,220 7,510 830 1,744 322 13,861 8,825
4,769 4,867 430 (3,907) 1,407 1,814 (3,424)
(4,078) (5,873) (4,364) 927 (10,652) (21,283) (24,037)
33,289 6,629 8,384 10,718 113,344 (46,722) (11,381)
31,434 4,634 4,842 7,076 100,490 (47,210) (11,938)

25,000 30,000 30,000 30,000 40,000 50,000 50,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
3,156 5,390 (10,049) (12,799) (11,159) (53,802) (39,165)

0.10 0.02 0.02 0.02 0.19 -0.08 -0.02

0.10 0.01 0.01 0.02 0.17 -0.07 -0.02
1.26 0.15 0.16 0.24 2.51 -0.94 -0.24
0.71 1.05 0.18 -10.88 2.09 0.97 -6.82
-0.13 -1.27 -0.90 0.13 -0.11 0.45 2.01
9.11 6.21 16.13 57.21 156.83 -12.11 27.84

0.25 0.02 0.02 0.10 0.11 0.01 0.03

0.61 0.93 0.94 0.86 0.88 0.95 0.94

0.95 0.94 0.95 0.97 0.86 0.88 0.88

12.20 10.30 10.52 10.76 12.98 11.12 10.88

0.10 1.16 -2.08 -1.81 -0.11 1.14 3.28

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
957,731 1,025,035 1,160,047 1,134,208 1,099,648 985,080 994,172
495,499 495,499 619,374 619,374 619,374 619,374 619,374
254,122 254,122 254,122 264,122 264,122 264,122 264,122
208,110 275,414 286,551 250,712 216,152 101,584 110,676
0 0 0 384,738 636,930 450,547 344,387
1,047,703 1,212,635 1,690,952 1,779,635 1,928,914 1,840,432 1,943,844
0 0 0 0 0 0 0
703,132 915,146 1,356,719 1,269,519 1,289,917 1,384,577 1,475,688
344,571 297,489 334,233 510,116 638,997 455,855 468,156
2,005,434 2,237,670 2,850,999 3,298,581 3,665,492 3,276,059 3,282,403
78,598 60,618 74,558 136,364 148,016 166,460 102,396
29,221 29,151 27,453 38,439 62,084 64,831 59,466
1,056,208 1,117,367 1,043,878 1,460,855 1,724,594 1,277,273 1,200,619
829,578 1,019,517 1,691,417 1,638,494 1,705,163 1,742,210 1,806,403
11,829 11,017 13,693 24,429 25,635 25,285 113,519

204,350 240,301 256,869 199,615 238,626 215,224 196,665

955,934 963,147 1,009,255 1,123,213 1,400,881 1,163,365 1,327,024
435,966 438,332 458,726 500,364 544,701 555,977 532,062
408,195 385,740 1,272,548 816,777 757,385 810,710 722,774
229,906 215,023 221,537 221,739 281,560 373,716 312,495
63,023 73,168 86,838 117,940 71,014 16,196 46,611
209,749 270,357 292,809 258,549 285,110 162,735 157,916
194,988 243,981 260,008 226,867 191,708 109,956 105,310

99,100 99,100 123,875 61,937 61,937 61,937 61,937

0.35 0.25 0.40 0.35 0.35 0.15 0.15
0.00 0.25 0.00 0.00 0.00 0.00 0.00
64,313 (34,545) (196,907) (35,539) (111,458) (157,547) (61,996)

0.20 0.24 0.22 0.20 0.17 0.11 0.11

0.10 0.11 0.09 0.07 0.05 0.03 0.03
1.97 2.46 2.10 3.66 3.10 1.78 1.70
0.53 0.49 0.48 0.44 0.52 0.67 0.59
0.32 0.30 0.33 0.52 0.37 0.15 0.44
0.47 0.55 0.56 0.40 0.44 0.39 0.37

0.04 0.03 0.03 0.04 0.04 0.05 0.03

0.53 0.50 0.37 0.44 0.47 0.39 0.37

0.48 0.46 0.41 0.34 0.30 0.30 0.30

9.66 10.34 9.36 18.31 17.75 15.90 16.05

0.33 -0.14 -0.76 -0.16 -0.58 -1.43 -0.59

 (Thousand Rupees)
2012 2013 2014 2015 Not available Not available Not available
(148) 91 246 246
5,000 5,000 5,000 5,000
0 0 0 0
(5,148) (4,909) (4,754) (4,754)
0 0 0 0
4,796 2,734 2,744 2,744
0 0 0 0
1,448 1,448 1,448 1,448
3,348 1,286 1,296 1,296
4,648 2,825 2,990 2,990
492 477 662 662
0 0 0 0
0 0 0 0
3,060 1,411 591 591
1,096 937 1,737 1,737

0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
(120) 239 156 156
(120) 239 156 156

500 500 500 500

0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0 0 (115) (115)

0.81 2.63 0.63 0.63

-0.03 0.08 0.05 0.05
-0.24 0.48 0.31 0.31
- - - -
0.00 0.00 0.00 0.00
- - - -

0.11 0.17 0.22 0.22

0.00 0.00 0.00 0.00

-0.03 0.03 0.08 0.08

-0.30 0.18 0.49 0.49

0.00 0.00 -0.74 -0.74

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
10,673,722 10,928,233 11,579,146 12,260,735 12,260,735 1,673,622 2,250,039
1,115,359 1,115,359 1,226,895 1,226,895 1,226,895 1,501,000 1,918,384
8,972,692 8,749,620 8,470,780 8,102,711 8,102,711 0 0
585,671 1,063,254 1,881,471 2,931,129 2,931,129 172,622 331,655
0 0 0 0 0 417,384 0
2,268,585 2,299,190 2,910,944 2,389,891 2,389,891 3,653,532 4,608,356
0 0 - 0 0 0 0
1,298,764 1,503,578 1,638,710 1,698,799 1,698,799 2,760,150 3,521,672
969,821 795,612 1,272,234 691,092 691,092 893,382 1,086,684
12,942,307 13,227,423 14,490,090 14,650,626 14,650,626 5,744,538 6,858,395
2,364 255,886 315,199 367,174 367,174 2,467,742 477,161
0 0 0 0 0 0 0
11,331,389 11,269,846 12,323,907 12,515,647 12,515,647 1,460,557 2,734,687
1,452,206 1,484,755 1,615,128 1,547,062 1,547,062 1,536,911 3,327,234
156,348 216,936 235,856 220,743 220,743 279,328 319,313

397,528 691,351 940,878 1,445,480 1,445,480 63,685 134,816

1,846,856 2,035,289 2,139,673 2,343,705 2,343,705 2,901,560 4,417,930
939,849 1,066,554 1,044,933 1,121,949 1,121,949 1,645,140 2,236,396
852,763 1,103,328 1,051,471 1,074,221 1,074,221 1,195,945 1,620,722
583,482 766,535 594,539 586,425 586,425 933,244 1,142,715
232,399 104,616 208,195 256,411 256,411 208,758 242,000
(342,508) 555,232 942,101 1,531,753 1,531,753 248,798 467,599
(353,834) 481,067 822,801 1,293,046 1,293,046 173,879 327,386

111,536 111,536 122,690 122,690 122,690 150,100 191,838

0.30 0.25 0.30 0.60 0.60 0.40 0.60
0.00 0.10 0.00 0.00 0.00 0.00 0.15
177,039 151,792 232 34,479 24,479 473,635 263,180

-0.03 0.04 0.07 0.11 0.11 0.10 0.15

-0.03 0.04 0.06 0.09 0.09 0.03 0.05
-3.17 4.31 6.71 10.54 10.54 1.16 1.71
0.62 0.72 0.57 0.52 0.52 0.57 0.51
-0.66 0.22 0.25 0.20 0.20 1.20 0.74
0.42 0.65 0.90 1.29 1.29 0.04 0.06

0.00 0.02 0.02 0.03 0.03 0.43 0.07

0.88 0.85 0.85 0.85 0.85 0.25 0.40

0.82 0.83 0.80 0.84 0.84 0.29 0.33

95.70 97.98 94.38 99.93 99.93 11.15 11.73

-0.50 0.32 0.00 0.03 0.02 2.72 0.80

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
4,074,836 4,759,795 5,422,877 5,906,404 8,773,381 8,312,970 7,908,056
1,186,465 1,364,435 1,569,100 1,569,100 1,569,100 1,804,465 1,804,466
2,009,384 2,339,384 2,749,723 3,188,811 6,015,807 5,443,506 5,038,172
878,987 1,055,976 1,104,054 1,148,493 1,188,474 1,064,999 1,065,418
0 0 0 0 0 0 0
6,684,545 8,052,157 8,115,904 9,281,465 11,742,817 11,384,594 13,405,096
0 0 0 0 0 0 0
5,090,734 6,090,194 5,948,613 6,598,427 7,612,863 7,652,698 8,193,907
1,593,811 1,961,963 2,167,291 2,683,038 4,129,954 3,731,896 5,211,189
10,759,381 12,811,952 13,538,781 15,187,869 20,516,198 19,697,564 21,313,152
1,259,538 1,010,385 1,021,045 1,716,842 1,504,687 1,893,276 1,669,039
757 519 577 401 203 775 809
6,076,310 7,458,984 8,455,634 9,103,388 13,492,673 11,998,979 12,184,797
3,284,143 4,202,658 3,923,244 4,202,611 5,331,625 5,605,938 7,216,515
138,633 139,406 138,281 164,627 187,010 198,596 241,992

631,280 803,459 803,088 1,052,195 1,111,438 879,213 1,019,544

6,008,000 6,569,306 6,961,247 7,978,750 7,850,500 7,694,212 9,161,366
3,084,738 3,525,777 3,644,630 4,150,808 4,170,928 4,610,717 4,922,929
2,848,000 3,227,736 3,750,451 2,548,640 3,846,186 3,273,427 3,996,825
1,910,326 2,154,726 2,082,704 2,174,381 2,030,292 2,450,107 2,691,068
154,350 223,275 275,147 467,724 472,979 408,689 211,727
946,001 1,220,202 1,269,822 1,711,292 1,854,125 1,664,304 1,631,278
826,498 1,045,315 1,079,119 1,352,650 1,179,431 1,116,985 1,066,305

118,647 136,444 156,910 156,910 156,910 180,447 180,447

0.30 0.30 0.40 0.45 0.35 0.40 0.40
0.15 0.15 0.00 0.00 0.15 0.00 0.00
849,474 465,149 405,313 926,444 228,511 (373,650) 422,174

0.20 0.22 0.20 0.23 0.13 0.13 0.13

0.08 0.08 0.08 0.09 0.06 0.06 0.05
6.97 7.66 6.88 8.62 7.52 6.19 5.91
0.62 0.61 0.57 0.52 0.49 0.53 0.55
0.19 0.21 0.26 0.35 0.40 0.37 0.20
0.20 0.23 0.22 0.25 0.27 0.19 0.21

0.12 0.08 0.08 0.11 0.07 0.10 0.08

0.56 0.58 0.62 0.60 0.66 0.61 0.57

0.38 0.37 0.40 0.39 0.43 0.42 0.37

34.34 34.88 34.56 37.64 55.91 46.07 43.82

1.03 0.45 0.38 0.68 0.19 -0.33 0.40

Not available Not available Not available Not available Not available Not available Not available
 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
1,194,991 1,033,814 1,245,836 985,638 769,882 708,318 509,400
1,194,991 1,033,814 1,245,836 985,638 769,882 708,318 509,400
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
1,769,511 2,657,045 2,358,949 2,234,055 1,531,601 407,867 26,345
0 0 0 - 0 0 0
1,560,311 2,383,029 2,041,148 1,882,328 1,281,278 261,712 13,693
209,200 274,016 317,801 351,727 250,323 146,155 12,652
2,964,502 3,690,859 3,604,785 3,219,693 2,301,483 1,116,185 535,745
1,306,232 1,158,730 943,749 194,478 92,091 19,311 4,465
0 0 0 0 0 0 0
525,338 721,292 1,085,121 1,388,050 1,237,871 764,923 332,765
1,070,653 1,763,056 1,542,250 1,604,707 949,070 321,950 198,515
62,279 47,781 33,665 32,458 22,451 10,001 0

181,894 166,626 262,150 158,131 182,260 67,610 34,113

1,399,601 1,643,164 1,796,561 1,467,479 643,954 (31,173) (74)
436,986 509,870 606,613 396,778 102,477 1,236 1
560,789 1,057,699 1,006,271 699,407 879,744 579,798 32,655
270,193 272,280 418,815 265,045 39,885 7,908 (6,036)
141,960 199,584 185,248 132,960 205,124 53,776 5,777
294,819 252,269 301,694 178,290 289,834 (19,823) (48,493)
192,712 169,526 212,022 117,945 222,699 (63,157) (198,918)

119,499 103,381 124,584 98,564 76,988 70,832 50,940

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
36,260 202,802 (82,078) (240,314) (17,008) (619,283) (493,730)

0.16 0.16 0.17 0.12 0.29 -0.09 -0.39

0.07 0.05 0.06 0.04 0.10 -0.06 -0.37
1.61 1.64 1.70 1.20 2.89 -0.89 -3.90
0.62 0.53 0.69 0.67 0.39 6.40 -6036.00
0.74 1.18 0.87 1.13 0.92 -0.85 -0.03
0.42 0.33 0.43 0.40 1.78 54.70 34113.00

0.44 0.31 0.26 0.06 0.04 0.02 0.01

0.18 0.20 0.30 0.43 0.54 0.69 0.62

0.40 0.28 0.35 0.31 0.33 0.63 0.95

10.00 10.00 10.00 10.00 10.00 10.00 10.00

0.19 1.20 -0.39 -2.04 -0.08 9.81 2.48

 (Thousand Rupees)
2012 2013 2014 2015 2016 Not available Not available
4,732 3,944 3,055 3,142 3,142
0 0 0 0 0
29 29 29 29 29
4,703 3,915 3,026 3,113 3,113
0 0 0- -
14,976 13,918 14,010 9,131 9,131
0 0 0 0 0
8,411 7,465 7,884 7,233 7,233
6,565 6,453 6,126 1,898 1,898
19,708 17,862 17,065 12,273 12,273
2,723 3,514 2,983 1,754 1,754
500 840 970 0 0
0 0 0 0 0
13,919 10,383 10,513 10,392 10,392
2,566 3,125 2,599 127 127

0 0 0 0 0
14,202 10,411 10,844 8,801 8,801
9,582 9,333 9,633 9,527 9,527
2,551 3,984 1,082 3,040 3,040
2,302 1,234 1,052 3,415 3,415
(1,395) (1,922) (1,539) (3,207) (3,207)
276 (933) (957) 191 191
228 (1,032) (1,087) 87 87

0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
(6,870) 1,453 (503) (6,403) (6,403)

4.82% -26.17% -35.58% 2.77% 2.77%

1.16% -5.78% -6.37% 0.71% 0.71%
- - - - -
24.02% 13.22% 10.92% 35.85% 35.85%
-611.84% 186.24% 141.58% -3686.21% -3686.21%
0.00 0.00 0.00 0.00 0.00

13.82% 19.67% 17.48% 14.29% 14.29%

0.00 0.00 0.00 0.00 0.00

24.01% 22.08% 0.18 0.26 0.26

- - - - -

-3013.16% -140.79% 46.27% -7359.77% -7359.77%

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
6,122,153 6,571,396 6,987,412 6,938,525 12,316,190 10,506,035 9,871,489
3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
2,058,419 2,058,419 2,058,419 2,058,419 6,475,923 4,258,833 3,763,562
1,063,734 1,512,977 1,928,993 1,880,106 2,840,267 3,247,202 3,107,927
0 0 0 0 0 0 0
9,643,857 9,734,462 10,633,930 10,450,025 13,667,382 13,835,574 14,959,381
0 0 0 - 0 0 0
8,398,789 8,424,548 9,384,677 7,204,328 10,473,160 10,831,094 11,774,422
1,245,068 1,309,914 1,249,253 3,245,697 3,194,222 3,004,480 3,184,959
15,766,010 16,305,858 17,621,342 17,388,550 25,983,572 24,341,609 24,830,870
2,014,445 2,706,379 3,081,370 3,284,965 2,240,002 2,547,094 2,602,484
60,591 73,156 80,688 71,080 72,950 181,768 165,125
6,472,216 6,549,176 6,683,902 6,349,826 13,406,985 9,252,478 8,661,980
7,165,875 6,920,708 7,726,190 7,639,105 10,224,709 12,323,698 13,358,524
52,883 56,439 49,192 43,574 38,926 36,571 42,757

918,243 1,101,402 1,078,904 934,710 961,157 3,325,868 690,970

8,153,000 8,659,498 8,661,334 8,134,762 8,806,654 8,035,591 0
4,096,084 4,724,399 4,783,923 5,218,942 5,801,848 5,006,374 5,463,586
3,017,986 5,427,170 3,648,047 4,324,539 3,417,460 4,919,822 0
2,217,053 2,830,901 2,793,167 2,774,829 3,335,560 3,937,974 2,991,795
563,347 453,376 515,325 721,858 544,733 (676,897) 580,606
1,537,390 1,705,904 1,564,705 1,772,274 1,426,948 2,875,829 1,739,944
1,160,173 1,321,148 1,244,016 1,376,697 974,263 2,226,336 1,235,287

300,000 300,000 300,000 300,000 300,000 300,000 300,000

0.25 0.25 0.25 0.25 0.30 0.35 0.20
0.00 0.00 0.00 0.00 0.00 0.00 0.00
986,312 353,440 290,875 (369,421) (445,414) (3,318,402) 544,623

0.19 0.20 0.18 0.20 0.08 0.21 0.13

0.07 0.08 0.07 0.08 0.04 0.09 0.05
3.87 4.40 4.15 4.59 3.25 7.42 4.12
0.54 0.60 0.58 0.53 0.57 0.79 0.55
0.49 0.34 0.41 0.52 0.56 -0.30 0.47
0.22 0.23 0.23 0.18 0.17 0.66 0.13

0.13 0.17 0.17 0.19 0.09 0.10 0.10

0.41 0.40 0.38 0.37 0.52 0.38 0.35

0.39 0.40 0.40 0.40 0.47 0.43 0.40

20.41 21.90 23.29 23.13 41.05 35.02 32.90

0.85 0.27 0.23 -0.27 -0.46 -1.49 0.44

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
223,627 228,605 64,038 59,144 38,211 (4,020) (15,819)
350,000 350,000 350,000 350,000 350,000 350,000 350,000
0 0 0 0 0 0 0
(126,373) (121,395) (285,962) (290,856) (311,789) (354,020) (365,819)
0 0 0 0 0 0 0
748,723 697,143 853,146 548,040 297,691 72,624 82,830
0 - 0 0 0 0 0
663,729 623,315 756,079 505,824 248,404 0 0
84,994 73,828 97,067 42,216 49,287 72,624 82,830
972,350 925,748 917,184 607,184 335,902 68,604 67,011
245,535 102,162 41,433 30,412 496 780 335
0 0 0 0 0 0 0
66,034 73,623 75,572 53,701 36,387 38,208 40,339
656,134 746,375 787,325 504,117 285,631 28,919 26,305
4,647 3,588 12,854 18,954 13,388 697 32

13,529 12,014 7,423 614 848 2,353 2,347

594,296 657,294 508,247 402,532 (15,375) (511) 0
322,840 322,505 292,698 220,426 76,310 44,643 0
356,693 290,133 266,073 228,179 80,887 104,157 0
211,887 177,558 213,119 91,135 225 48,447 0
(11,755) 37,187 (52,580) 71,445 24,998 (10,795) (10,929)
(25,819) 9,908 (130,803) (9,476) (24,367) (41,647) (8,914)
(26,479) 9,424 (130,962) (9,833) (24,881) (42,231) (11,799)

35,000 35,000 35,000 35,000 35,000 35,000 35,000

0.00 - 0.00 0.00 0.00 0.00 0.00
0.00 - 0.00 0.00 0.00 0.00 0.00
(14,966) (161,281) (59,555) (26,479) (49,157) (9,147) (763)

-0.12 0.04 -2.05 -0.17 -0.65 10.51 0.75

-0.03 0.01 -0.14 -0.02 -0.07 -0.62 -0.18
-0.76 0.27 -3.74 -0.28 -0.71 -1.21 -0.34
0.66 0.55 0.73 0.41 0.00 1.09 -
0.44 3.95 0.40 -7.27 -1.00 0.26 0.93
0.04 0.04 0.03 0.00 0.01 0.05 -

0.25 0.11 0.05 0.05 0.00 0.01 0.01

0.07 0.08 0.08 0.09 0.11 0.56 0.60

0.23 0.25 0.07 0.10 0.11 -0.06 -0.24

6.39 6.53 1.83 1.69 1.09 -0.11 -0.45

0.57 -17.11 0.45 2.69 1.98 0.22 0.06

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
1,781,938 1,553,908 1,528,254 1,608,424 1,630,514 1,183,220 1,175,134
302,821 302,821 302,821 348,244 417,893 505,650 505,650
1,345,025 1,345,025 1,284,461 1,208,756 1,390,776 1,167,630 1,148,897
134,092 (93,938) (59,028) 51,424 (178,155) (490,060) (479,413)
0 0 0 0 0 0 0
1,523,921 2,000,389 1,901,728 2,076,988 2,503,080 2,415,937 1,814,069
0 0 0 0 0 0 0
1,036,431 1,443,546 1,273,748 1,487,008 2,004,178 1,923,629 1,383,624
487,490 556,843 627,980 589,980 498,902 492,308 430,445
3,305,859 3,554,297 3,429,982 3,685,412 4,133,594 3,599,157 2,989,203
146,836 108,938 150,993 84,797 417,714 149,275 72,840
0 0 0 0 0 2,329 4,473
1,305,644 1,223,821 1,174,956 1,168,837 1,309,416 1,361,527 1,278,034
1,597,807 1,978,079 1,859,385 2,192,116 2,123,959 1,822,562 1,397,134
255,572 243,459 244,648 239,662 282,505 263,464 236,722

72,570 173,463 145,734 140,295 258,537 27,265 42,937

1,069,011 1,239,301 1,355,682 1,405,907 1,115,119 849,108 535,976
532,481 652,924 694,506 770,143 623,366 517,834 290,308
840,923 1,087,583 544,055 552,292 539,846 645,561 516,573
327,412 573,236 347,120 363,668 628,312 527,112 93,910
(60,960) (224,959) (9,072) 73,488 (432,243) (407,282) (71,857)
(15,725) (151,981) 40,513 123,424 (325,134) (302,008) 15,964
3,934 (166,799) 34,647 110,616 (330,709) (315,977) 10,613

60,564 60,564 30,282 34,824 41,789 50,565 50,565

0.20 0.20 0.10 0.10 0.00 0.00 0.00
0.00 0.00 0.15 0.20 0.10 0.10 0.00
(91,886) (238,006) (68,802) (148,135) (84,077) (397,849) (281,178)

0.00 -0.11 0.02 0.07 -0.20 -0.27 0.01

0.00 -0.05 0.01 0.03 -0.08 -0.09 0.00
0.06 -2.75 1.14 3.18 -7.91 -6.25 0.21
0.61 0.88 0.50 0.47 1.01 1.02 0.32
-15.50 1.35 -0.26 0.66 1.31 1.29 -6.77
0.14 0.27 0.21 0.18 0.41 0.05 0.15

0.04 0.03 0.04 0.02 0.10 0.04 0.02

0.39 0.34 0.34 0.32 0.32 0.38 0.43

0.54 0.44 0.45 0.44 0.39 0.33 0.39

29.42 25.66 50.47 46.19 39.02 23.40 23.24

-23.36 1.43 -1.99 -1.34 0.25 1.26 -26.49

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
578,713 653,419 725,219 786,035 868,880 804,569 853,566
318,940 366,781 403,459 463,978 510,375 561,413 561,413
90,000 160,000 180,000 200,000 220,000 250,000 250,000
169,773 126,638 141,760 122,057 138,505 (6,844) 42,153
0 0 0 0 8,088 (5,635) 2,359
1,054,311 803,161 870,725 980,526 951,418 992,187 802,729
0 0 0 0 0 0 0
970,483 710,259 772,409 875,934 819,278 842,668 667,402
83,828 92,902 98,316 104,592 132,140 149,519 135,327
1,633,024 1,456,580 1,595,944 1,766,561 1,828,386 1,791,121 1,658,654
68,760 103,089 104,499 133,927 120,239 160,185 144,372
1,566 1,517 1,534 1,418 998 1,336 990
436,862 500,322 584,868 653,670 795,291 704,219 711,108
1,063,195 780,371 823,391 896,803 824,787 844,361 709,303
62,641 71,281 81,652 80,743 87,071 81,020 92,881

110,253 97,437 96,216 86,693 99,009 (40,072) 46,673

613,720 837,228 1,028,136 1,114,396 1,201,840 1,155,402 878,686
240,703 260,758 295,757 316,423 359,415 357,654 348,241
925,506 197,655 292,354 277,775 267,349 228,649 207,784
83,096 87,893 94,300 89,862 101,720 88,157 87,174
17,044 19,599 39,447 49,220 64,289 67,082 48,624
93,905 81,205 96,540 90,788 115,540 (17,595) 60,121
87,205 74,705 90,140 80,989 100,690 (38,792) 48,997

31,894 36,678 40,346 46,398 51,038 56,141 56,141

0.00 0.05 0.05 0.05 0.05 0.00 0.00
0.15 0.10 0.15 0.10 0.10 0.00 0.00
(57,429) 16,692 23,354 40,013 102,288 38,113 (44,425)

0.15 0.11 0.12 0.10 0.12 -0.05 0.06

0.05 0.05 0.06 0.05 0.06 -0.02 0.03
2.73 2.04 2.23 1.75 1.97 -0.69 0.87
0.35 0.34 0.32 0.28 0.28 0.25 0.25
0.20 0.26 0.44 0.61 0.64 -1.73 0.99
0.46 0.37 0.33 0.27 0.28 -0.11 0.13

0.04 0.07 0.07 0.08 0.07 0.09 0.09

0.27 0.34 0.37 0.37 0.44 0.39 0.43

0.35 0.45 0.45 0.45 0.48 0.45 0.51

18.14 17.81 17.98 16.94 17.02 14.33 15.20

-0.66 0.22 0.26 0.49 1.02 -0.98 -0.91

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
7,421,249 7,907,536 8,494,688 9,105,167 14,927,269 15,394,267 13,870,414
680,625 680,625 680,625 680,625 680,625 680,625 680,625
2,000 2,000 2,000 2,000 5,366,032 5,349,517 3,313,257
6,738,624 7,224,911 7,812,063 8,422,542 8,880,612 9,364,125 9,876,532
0 0 0 0 0 0 0
1,309,253 2,406,640 2,538,414 2,898,883 5,300,261 5,847,503 5,126,269
0 0 0 0 0 0 0
867,932 2,086,208 2,215,913 2,557,633 2,630,325 3,177,226 3,328,994
441,321 320,432 322,501 341,250 2,669,936 2,670,277 1,797,275
8,730,502 10,314,176 11,033,102 12,004,050 20,227,530 21,241,770 18,996,683
164,617 711,775 836,804 348,585 386,533 644,546 233,108
0 0 0 0 0 1,014 931
7,272,990 7,261,136 7,535,303 8,347,692 16,839,825 17,093,520 14,472,903
1,185,744 2,231,150 2,540,852 3,200,299 2,893,712 3,385,442 4,165,579
107,151 110,115 120,143 107,474 107,460 117,248 124,162

633,015 739,388 798,818 996,486 1,016,532 1,082,586 995,081

1,006,000 1,872,361 1,815,744 1,850,686 2,087,139 2,013,428 2,495,889
197,583 367,888 524,073 441,230 445,682 502,533 599,589
267,195 404,109 723,250 1,274,538 2,411,044 410,321 470,470
70,020 96,689 231,652 124,531 74,704 94,441 83,195
56,112 176,942 174,156 199,759 270,660 197,766 294,297
585,742 826,446 971,395 1,094,214 1,186,279 1,278,118 1,291,835
527,049 760,404 897,035 913,773 799,580 824,723 853,828

68,063 68,063 68,063 68,063 68,063 68,063 68,063

0.20 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
45,880 77,880 (112,456) (478,065) 186,093 (92,506) (643,098)

0.07 0.10 0.11 0.10 0.05 0.05 0.06

0.06 0.07 0.08 0.08 0.04 0.04 0.04
7.74 11.17 13.18 13.43 11.75 12.12 12.54
0.35 0.26 0.44 0.28 0.17 0.19 0.14
0.11 0.23 0.19 0.22 0.34 0.24 0.34
3.20 2.01 1.52 2.26 2.28 2.15 1.66

0.02 0.07 0.08 0.03 0.02 0.03 0.01

0.83 0.70 0.68 0.70 0.83 0.80 0.76

0.85 0.77 0.77 0.76 0.74 0.72 0.73

109.04 116.18 124.81 133.78 219.32 226.18 203.79

0.09 0.10 -0.13 -0.52 0.23 -0.11 -0.75

Not available Not available Not available Not available Not available Not available Not available
 (Thousand Rupees)
Not available Not available 2014 2015 2016 2017 2018
532,025 599,344 658,578 1,281,479 1,479,356
500,000 500,000 500,000 1,000,000 1,000,000
0 0 2,527 553 0
32,025 99,344 156,051 280,926 479,356
0 0 0 0 0
11,765 77,429 2,330,843 2,197,131 2,380,651
0 0 0 0 0
5,165 67,508 2,308,280 2,159,021 2,326,613
6,600 9,921 22,563 38,110 54,038
543,790 676,773 2,989,421 3,478,610 3,860,007
135,337 53,337 69,809 52,347 53,916
0 0 1,113 372 0
355,227 526,310 2,477,801 2,995,299 3,107,017
27,849 69,051 414,612 406,487 679,774
25,377 28,075 26,086 24,105 19,300

61,317 115,154 63,241 181,554 258,479

2,320 73,995 2,408,854 403,139 426,427
(458) 20,508 640,425 1,618,930 358,775
0 0 37,099 96,405 110,220
116 13,255 516,012 763,598 801,910
(2,289) (15,785) 31,460 (9,066) 5,981
47,799 97,163 82,574 178,318 278,825
32,025 67,319 56,707 124,876 198,429

50,000 50,000 50,000 100,000 100,000

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
(24,051) (39,940) 1,944,181 (152,345) (153,790)

0.06 0.11 0.09 0.10 0.13

0.06 0.10 0.02 0.04 0.05
0.64 1.35 1.13 1.25 1.98
-0.25 0.65 0.81 0.47 2.24
-0.07 -0.23 0.55 -0.07 0.03
-133.88 5.62 0.10 0.11 0.72

0.25 0.08 0.02 0.02 0.01

0.65 0.78 0.83 0.86 0.80

0.98 0.89 0.22 0.37 0.38

10.64 11.99 13.17 12.81 14.79

-0.75 -0.59 34.28 -1.22 -0.78

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
283,373 177,121 340,083 366,268 401,595 614,710 683,675
300,000 300,000 450,000 450,000 450,000 600,000 600,000
20,000 20,000 20,000 20,000 31,416 31,042 31,365
(36,627) (142,879) (129,917) (103,732) (79,821) (16,332) 52,310
0 0 0 0 0 0 0
595,704 687,272 446,674 414,636 364,231 420,966 468,589
0 0 0 0 0 0 0
504,368 567,384 358,287 342,416 301,195 306,111 333,171
91,336 119,888 88,387 72,220 63,036 114,855 135,418
879,077 864,393 786,757 780,904 765,826 1,035,676 1,152,264
48,490 71,532 230,399 174,423 22,406 86,080 21,238
3,556 771 54 3 3 3 3
268,411 290,344 297,609 302,815 488,568 641,722 694,002
485,820 476,450 213,499 255,006 208,535 295,655 425,956
72,800 25,296 45,196 48,657 46,314 12,216 11,065

8,630 9,310 15,897 16,306 17,158 29,143 33,037

562,845 343,566 284,183 308,988 339,503 342,923 416,939
508,120 331,125 229,621 225,225 264,558 299,586 366,914
395,058 377,563 147,454 229,852 134,655 99,554 102,816
303,949 235,003 73,395 100,355 74,312 80,412 84,889
40,378 (44,700) 67,626 43,318 86,838 95,516 110,080
(29,245) (102,787) 11,817 5,723 42,781 73,948 88,621
(32,092) (106,253) 12,962 26,184 40,136 63,490 68,641

30,000 30,000 45,000 45,000 45,000 60,000 60,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(36,403) (1,682) (11,741) (31,447) 27,439 16,795 325,891

-0.11 -0.60 0.04 0.07 0.10 0.10 0.10

-0.04 -0.12 0.02 0.03 0.05 0.06 0.06
-1.07 -3.54 0.29 0.58 0.89 1.06 1.14
0.60 0.71 0.32 0.45 0.28 0.27 0.23
-1.26 0.42 5.22 1.65 2.16 1.50 1.60
0.02 0.03 0.07 0.07 0.06 0.10 0.09

0.06 0.08 0.29 0.22 0.03 0.08 0.02

0.31 0.34 0.38 0.39 0.64 0.62 0.60

0.32 0.20 0.43 0.47 0.52 0.59 0.59

9.45 5.90 7.56 8.14 8.92 10.25 11.39

1.13 0.02 -0.91 -1.20 0.68 0.26 4.75

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
257,092 289,374 328,529 397,217 432,261 523,313 542,458
325,000 325,000 325,000 325,000 410,000 500,000 500,000
0 0 0 0 (293) (418) (383)
(67,908) (35,626) 3,529 72,217 22,554 23,731 42,841
0 0 0 0 0 0 0
272,733 298,253 328,361 449,702 603,734 654,671 681,375
0 0 0 0 0 0 0
234,364 274,193 299,234 308,113 416,582 492,510 491,144
38,369 24,060 29,127 141,589 187,152 162,161 190,231
529,825 587,627 656,890 846,919 1,035,995 1,177,984 1,223,833
70,408 70,147 62,957 83,550 80,185 43,843 27,489
501 1,707 1,863 1,159 1,529 1,350 362
93,660 80,502 67,130 92,148 156,290 232,194 235,612
308,646 384,143 477,442 353,976 700,355 803,152 851,475
56,610 51,128 47,498 316,086 97,636 97,445 108,895

10,212 11,107 12,374 10,173 12,712 14,265 16,656

317,860 390,735 510,961 599,620 678,082 700,999 580,692
183,607 286,824 404,126 488,368 529,290 561,908 471,131
103,173 158,939 166,700 200,896 183,212 176,121 168,985
36,884 104,915 122,799 144,754 215,099 198,926 151,680
49,305 75,298 110,249 150,052 51,026 40,474 12,109
23,880 40,286 72,334 98,951 64,710 48,456 12,967
74,966 32,638 40,337 72,097 36,788 44,152 18,932

32,500 32,500 32,500 32,500 41,000 50,000 50,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
41,180 (21,209) 21,305 80,059 54,297 19,464 (10,037)

0.29 0.11 0.12 0.18 0.09 0.08 0.03

0.14 0.06 0.06 0.09 0.04 0.04 0.02
2.31 1.00 1.24 2.22 0.90 0.88 0.38
0.20 0.37 0.30 0.30 0.41 0.35 0.32
0.66 2.31 2.73 2.08 1.39 0.92 0.64
0.06 0.04 0.03 0.02 0.02 0.03 0.04

0.13 0.12 0.10 0.10 0.08 0.04 0.02

0.18 0.14 0.10 0.11 0.15 0.20 0.19

0.49 0.49 0.50 0.47 0.42 0.44 0.44

7.91 8.90 10.11 12.22 10.54 10.47 10.85

0.55 -0.65 0.53 1.11 1.48 0.44 -0.53

Not available Not available Not available Not available Not available Not available Not available
 (Thousand Rupees)
2012 2013 2014 2015 2016 Not available Not available
1,700 1,221 (1,512) (3,270) (1,449)
0 0 0 0 0
2,731 2,731 515 515 515
(1,031) (1,510) (2,027) (3,785) (1,964)
8,395 0 0 0 0
4,537 2,940 4,475 6,316 10,680
0 0 0 0 0
3,044 1,806 1,728 3,529 7,770
1,493 1,134 2,747 2,787 2,910
14,632 4,161 2,963 3,046 9,231
961 1,100 575 839 5,249
0 0 0 0 0
10,160 1,040 785 785 785
2,622 1,282 981 1,277 3,005
889 739 622 145 192

0 0 0 0 0
4,768 6,159 5,075 6,166 11,936
4,263 5,765 4,446 3,863 8,110
220 0 2,596 0 0
220 0 346 90 423
2,210 1,929 2,027 2,158 5,934
627 (324) (461) (1,714) 1,903
567 (479) (516) (1,758) 1,821

0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
852 (84) (246) (116) 4,479

0.33 -0.39 0.34 0.54 -1.26

0.04 -0.12 -0.17 -0.58 0.20
- - - - -
0.05 0.00 0.08 0.02 0.05
3.90 -4.03 -3.93 -1.23 3.26
0.00 0.00 0.00 0.00 0.00

0.07 0.26 0.19 0.28 0.57

0.69 0.25 0.26 0.26 0.09

0.12 0.29 -0.51 -1.07 -0.16

- - - - -

1.50 0.18 0.48 0.07 2.46

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
387,304 438,827 464,758 939,557 1,042,726 1,147,753 963,596
452,313 452,313 460,000 755,159 755,159 755,159 938,663
0 0 (7,687) 138,676 138,676 138,676 8,034
(65,009) (13,486) 12,445 45,722 148,891 253,918 16,899
0 0 0 1,628 2,267 (26,447) (26,698)
455,767 636,718 804,988 929,401 1,235,245 1,379,318 1,314,450
0 0 0 0 0 0 0
417,763 583,353 705,341 706,793 885,033 918,842 899,687
38,004 53,365 99,647 222,608 350,212 460,476 414,763
843,071 1,075,545 1,269,746 1,870,586 2,280,238 2,500,624 2,251,348
17,769 108,347 8,949 16,647 176,417 133,592 153,053
1,018 353 628 785 828 2,272 4,634
149,272 153,238 49,941 726,978 821,771 1,069,460 673,125
506,966 625,468 896,685 742,434 920,060 1,203,910 1,290,937
168,046 188,139 313,543 383,742 361,162 91,390 129,599

6,186 6,995 13,773 9,840 43,635 15,155 1,252

706,474 869,879 1,220,805 1,171,256 1,370,187 1,383,696 1,350,156
619,854 733,461 1,048,241 1,131,293 1,197,091 1,299,464 1,264,044
352,296 459,719 707,390 717,882 735,424 730,722 753,019
253,888 314,174 527,030 531,771 507,904 502,048 485,918
87,459 113,578 77,805 54,879 50,704 166,498 156,402
62,193 78,363 38,952 45,621 163,363 163,363 14,511
42,708 51,523 25,930 33,278 105,027 105,026 3,575

45,231 45,231 46,000 75,516 75,516 75,516 93,866

0.00 0.00 0.00 0.00 0.00 0.10 0.13
0.00 0.00 0.00 0.00 0.00 0.00 0.20
54,829 156,320 163,392 178,931 277,211 (30,677) 25,240

0.11 0.12 0.06 0.04 0.10 0.09 0.00

0.05 0.05 0.02 0.02 0.05 0.04 0.00
0.94 1.14 0.56 0.44 1.39 1.39 0.04
0.41 0.43 0.50 0.47 0.42 0.39 0.38
2.05 2.20 3.00 1.65 0.48 1.59 43.75
0.01 0.01 0.01 0.01 0.04 0.01 0.00

0.02 0.10 0.01 0.01 0.08 0.05 0.07

0.18 0.14 0.04 0.39 0.36 0.43 0.30

0.46 0.41 0.37 0.50 0.46 0.46 0.43

8.56 9.70 10.10 12.44 13.81 15.20 10.27

1.28 3.03 6.30 5.38 2.64 -0.29 7.06

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
315,426 316,223 317,509 518,426 2,305,324 2,239,520 2,317,125
300,000 300,000 300,000 500,000 500,000 500,020 500,032
7,779 7,978 8,299 8,529 1,795,943 1,731,154 1,808,500
7,647 8,245 9,210 9,897 9,381 8,346 8,593
1,675,371 1,673,664 1,672,018 1,679,912 0 0 0
21,643 20,502 19,645 27,367 70,315 44,754 48,640
0 0 0 0 0 0 0
2,440 2,798 2,898 4,385 5,253 7,311 15,168
19,203 17,704 16,747 22,982 65,062 37,443 33,472
2,012,440 2,010,389 2,009,172 2,225,705 2,375,639 2,284,274 2,365,765
10,927 10,490 10,534 12,417 11,813 10,355 7,341
0 0 0 0 0 0 0
7,658 7,692 7,505 7,505 161,930 74,148 58,370
1,209 1,358 3,035 4,113 3,578 3,790 8,605
1,992,646 1,990,849 1,988,098 2,201,670 2,198,318 2,195,981 2,291,449

3,337 3,147 3,769 5,095 5,585 3,496 3,071

4,597 2,513 2,875 6,624 5,813 8,743 16,780
3,349 1,598 2,212 4,082 5,328 6,309 10,530
856 283 455 949 181 423 349
695 283 316 470 130 618 787
(4,282) (5,624) (2,863) (4,150) (2,153) (4,199) (5,257)
1,181 1,012 1,620 606 433 (1,543) (4,040)
1,317 797 1,286 916 421 (1,035) 248

30,000 30,000 30,000 30,000 50,000 50,002 50,003

0.00 - 0.00 0.00 0.00 0.00 0.00
0.00 - 0.00 0.00 0.00 0.00 0.00
(6,259) (6,701) (9,029) (8,419) (11,665) (9,646) (11,549)

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.04 0.03 0.04 0.03 0.01 -0.02 0.00
0.21 0.18 0.14 0.12 0.02 0.10 0.07
-3.25 -7.06 -2.23 -4.53 -5.11 4.06 -21.20
1.00 1.97 1.70 1.25 1.05 0.55 0.29

0.01 0.01 0.01 0.01 0.01 0.00 0.00

0.00 0.00 0.00 0.00 0.07 0.03 0.02

0.16 0.16 0.16 0.23 0.97 0.98 0.98

10.51 10.54 10.58 17.28 46.11 44.79 46.34

-4.75 -8.41 -7.02 -9.19 -27.71 9.32 -46.57

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
499,153 526,737 571,861 564,858 567,347 608,960 608,960
300,000 375,000 375,000 400,013 400,013 464,015 464,015
190,000 115,000 140,000 114,987 114,987 50,985 50,985
9,153 36,737 56,861 49,858 52,347 93,960 93,960
10,431 10,135 9,854 11,638 9,799 8,897 8,897
225,328 270,637 311,806 403,088 372,932 300,320 300,320
0 0 0 0 0 0 0
174,501 220,801 268,278 354,854 331,999 119,017 119,017
50,827 49,836 43,528 48,234 40,933 181,303 181,303
734,912 807,509 893,521 979,584 950,078 918,177 918,177
197,179 109,622 329,262 39,397 8,430 28,751 28,751
220 204 224 4,401 4,479 4,368 4,368
189,097 193,177 154,199 339,076 395,420 446,422 446,422
270,878 430,741 312,450 498,363 420,007 323,347 323,347
77,538 73,765 97,386 98,347 121,742 115,289 115,289

12,432 33,056 22,159 23,718 14,452 12,014 12,014

383,764 330,443 412,925 457,540 352,440 201,097 201,097
228,961 176,568 224,004 264,591 250,957 287,600 287,600
185,210 221,261 226,746 254,203 82,660 884,570 884,570
74,902 65,001 122,479 128,632 84,856 4,142 4,142
135,027 16,650 58,653 62,566 70,658 100,382 100,382
130,978 19,030 49,739 69,308 43,913 60,217 60,217
109,474 27,288 44,842 66,640 32,932 40,241 40,241

30,000 37,500 37,500 40,001 40,001 46,402 46,402

0.00 0.00 0.00 0.08 0.00 0.00 0.00
0.25 0.00 6.67% 0.00 0.16 0.00 0.00
76,848 (21,228) 97,064 (143,942) 133,758 (114,682) (114,682)

0.22 0.05 0.08 0.12 0.06 0.07 0.07

0.15 0.03 0.05 0.07 0.03 0.04 0.04
3.65 0.73 1.20 1.67 0.82 0.87 0.87
0.33 0.37 0.55 0.49 0.34 0.01 0.01
1.23 0.61 1.31 0.94 2.15 2.49 2.49
0.05 0.19 0.10 0.09 0.06 0.04 0.04

0.27 0.14 0.37 0.04 0.01 0.03 0.03

0.26 0.24 0.17 0.35 0.42 0.49 0.49

0.68 0.65 0.64 0.58 0.60 0.66 0.66

16.64 14.05 15.25 14.12 14.18 13.12 13.12

0.70 -0.78 2.16 -2.16 4.06 -2.85 -2.85

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
918,397 1,180,459 1,645,023 2,245,720 2,588,324 2,641,767 3,043,496
570,685 701,943 920,000 1,288,000 1,803,200 2,001,552 2,261,754
75,116 75,116 75,116 68,124 105,234 46,491 58,204
272,596 403,400 649,907 889,596 679,890 593,724 723,538
46,064 40,993 40,098 39,235 81,942 81,106 80,314
1,113,271 1,786,751 3,135,041 2,774,469 2,829,246 3,488,446 3,771,655
0 - 0 0 0 0 0
909,680 1,588,802 2,795,344 2,302,890 2,427,434 3,074,639 3,307,734
203,591 197,949 339,697 471,579 401,812 413,807 463,921
2,077,732 3,008,203 4,820,162 5,059,424 5,499,512 6,211,319 6,895,465
307,399 249,656 593,771 324,822 365,488 490,059 542,589
5,907 9,964 10,407 14,546 17,395 13,968 11,161
208,160 415,656 645,631 651,524 592,375 1,304,100 1,764,790
1,002,916 1,755,796 2,941,927 3,364,633 3,676,106 3,587,908 3,798,768
553,350 577,131 628,426 703,899 848,148 815,284 778,157

41,167 34,689 63,404 60,729 73,106 67,204,706 8,365

1,422,915 1,723,743 2,598,471 3,062,158 3,781,741 4,163,546 4,227,348
783,340 1,108,541 1,536,703 2,151,784 2,473,432 2,678,708 2,574,381
556,443 1,303,796 1,740,163 1,376,246 1,585,320 2,152,056 2,396,774
245,413 323,083 419,432 742,329 934,519 1,287,193 1,305,274
302,862 436,881 629,074 779,657 509,741 221,312 323,246
187,484 290,554 507,936 679,588 357,960 487,345 562,701
161,120 257,380 460,887 620,026 278,448 292,284 389,223

57,069 70,194 92,000 128,800 180,320 200,155 226,175

0.00 0.00 0.00 0.00 0.10 0.00 0.00
0.23 0.31 0.40 0.40 0.11 0.13 0.15
290,629 376,319 449,003 324,579 344,236 703,060 780,578

0.18 0.22 0.28 0.28 0.11 0.11 0.13

0.08 0.09 0.10 0.12 0.05 0.05 0.06
2.82 3.67 5.01 4.81 1.54 1.46 1.72
0.31 0.29 0.27 0.35 0.38 0.48 0.51
1.88 1.70 1.36 1.26 1.83 0.76 0.83
0.05 0.03 0.04 0.03 0.03 25.09 0.00

0.15 0.08 0.12 0.06 0.07 0.08 0.08

0.10 0.14 0.13 0.13 0.11 0.21 0.26

0.44 0.39 0.34 0.44 0.47 0.43 0.44

16.09 16.82 17.88 17.44 14.35 13.20 13.46

1.80 1.46 0.97 0.52 1.24 2.41 2.01

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
143,380 77,886 117,635 310,911 382,590 509,959 525,805
300,000 300,000 370,000 416,180 416,180 500,000 500,000
14,360 14,489 14,489 28,309 28,720 28,599 13,824
(170,980) (236,603) (266,854) (133,578) (62,310) (18,640) 11,981
247,442 310,332 242,578 242,501 260,537 269,662 282,304
522,012 546,902 486,546 230,258 161,062 141,063 118,818
0 0 0 0 0 0 0
410,997 429,670 370,065 163,659 123,104 111,340 90,388
111,015 117,232 116,481 66,599 37,958 29,723 28,430
912,834 935,120 846,759 783,670 804,189 920,684 926,927
61,875 159,998 122,232 108,193 5,916 90,165 26,464
926 0 0 0 134 168 0
134,967 138,297 157,447 187,286 341,747 391,788 464,741
458,715 435,663 375,495 303,855 282,561 258,104 244,203
256,351 201,162 191,585 184,336 173,831 180,459 191,519

6,817 6,012 4,766 4,816 31,382 (4,914) (11,973)

295,000 115,104 67,977 44,801 35,979 28,324 63,549
210,671 98,957 34,994 27,991 25,546 12,183 33,184
134,061 72,232 (25,324) 102,858 22,448 11,508 17,560
101,608 53,644 2,205 (56,152) (8,604) 9,017 2,366
1,439 (17,774) 329 82,724 (23,151) (39,329) (38,912)
(65,672) (87,403) (41,023) 130,739 71,246 45,423 19,497
(66,256) (89,097) (45,839) 129,717 69,407 41,452 15,989

30,000 30,000 37,000 41,618 41,618 50,000 50,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(96,930) (48,137) (85,276) (77,561) (58,070) (17,147) (27,449)

-0.46 -1.14 -0.39 0.42 0.18 0.08 0.03

-0.07 -0.10 -0.05 0.17 0.09 0.05 0.02
-2.21 -2.97 -1.24 3.12 1.67 0.83 0.32
0.48 0.54 0.06 -2.01 -0.34 0.74 0.07
-0.02 0.20 -0.01 0.64 -0.33 -0.95 -2.43
0.03 0.06 0.14 0.17 1.23 -0.40 -0.36

0.07 0.17 0.14 0.14 0.01 0.10 0.03

0.15 0.15 0.19 0.24 0.43 0.43 0.50

0.16 0.08 0.14 0.40 0.48 0.55 0.57

4.78 2.60 3.18 7.47 9.19 10.20 10.52

1.46 0.54 1.86 -0.60 -0.84 -0.41 -1.72

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
657,619 693,730 753,053 863,356 992,086 1,150,759 1,401,075
800,000 800,000 800,000 800,000 800,000 800,000 800,000
0 0 0 11,485 4,784 (880) (7,850)
(142,381) (106,270) (46,947) 51,871 187,302 351,639 608,925
0 0 0 0 0 0 0
846,295 1,054,743 1,329,727 1,802,043 2,544,528 3,066,304 3,406,032
0 0 0 0 0 0 0
733,870 924,663 1,191,718 1,595,374 2,270,383 2,650,013 3,009,599
112,425 130,080 138,009 206,669 274,145 416,291 396,433
1,503,914 1,748,473 2,082,780 2,665,399 3,536,614 4,217,063 4,807,107
27,602 231,028 183,317 77,807 30,495 86,049 140,664
996 961 1,008 1,303 1,868 1,384 2,627
593,441 395,119 509,285 847,379 777,456 863,694 872,075
837,513 1,064,727 1,331,661 1,662,266 2,644,230 3,181,421 3,691,255
44,362 56,638 57,509 76,644 82,565 84,515 100,486

72,498 70,947 74,611 88,198 73,992 44,115 60,557

760,356 885,966 1,114,520 1,600,476 2,334,187 2,760,841 3,391,311
278,023 341,610 385,189 534,555 872,903 1,012,177 1,412,471
502,191 672,091 517,125 469,382 1,387,641 1,293,601 1,927,442
190,517 207,697 176,738 203,788 452,947 419,969 568,260
39,452 65,172 104,713 148,329 236,694 320,967 378,703
41,592 55,249 101,779 147,078 196,283 247,371 364,991
28,820 36,526 59,826 99,507 136,596 166,996 259,576

80,000 80,000 80,000 80,000 80,000 80,000 80,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
36,395 (21,001) 47,207 186,333 (160,010) 116,066 43,922

0.04 0.05 0.08 0.12 0.14 0.15 0.19

0.02 0.02 0.03 0.04 0.04 0.04 0.05
0.36 0.46 0.75 1.24 1.71 2.09 3.24
0.69 0.61 0.46 0.38 0.52 0.41 0.40
1.37 1.78 1.75 1.49 1.73 1.92 1.46
0.26 0.21 0.19 0.17 0.08 0.04 0.04

0.02 0.13 0.09 0.03 0.01 0.02 0.03

0.39 0.23 0.24 0.32 0.22 0.20 0.18

0.44 0.40 0.36 0.32 0.28 0.27 0.29

8.22 8.67 9.41 10.79 12.40 14.38 17.51

1.26 -0.58 0.79 1.87 -1.17 0.70 0.17

Not available Not available Not available Not available Not available Not available Not available
 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
1,604,761 1,675,409 1,542,324 1,724,480 1,934,798 2,303,440 2,772,564
2,498,058 2,568,305 2,643,377 2,681,972 2,681,972 3,004,106 3,629,339
140,436 169,578 154,581 (288,138) (274,774) (271,119) (415,354)
(1,033,733) (1,062,474) (1,255,634) (669,354) (472,400) (429,547) (441,421)
29,183 5,425 (10,801) (130,872) 326,966 410,562 527,435
5,170,994 8,156,962 11,335,319 14,759,946 19,472,639 22,384,921 25,648,769
3,605,602 6,130,005 8,830,253 12,646,105 2,483,637 3,049,994 3,729,090
1,090,533 1,356,656 1,641,581 1,395,187 1,292,279 1,416,187 1,484,085
474,859 670,301 863,485 718,654 15,696,723 17,918,740 20,435,594
6,804,938 9,837,796 12,866,842 16,353,554 21,734,402 25,098,922 28,948,767
2,628,354 3,240,264 4,905,641 10,101,405 4,168,020 4,653,226 4,520,546
1,890 2,127 2,108 1,099 2,689 13,704 7,497
2,676,583 4,577,808 5,420,530 4,130,996 14,118,410 17,234,655 20,842,324
1,242,671 1,754,558 2,280,257 1,881,234 3,096,877 2,808,189 3,111,141
255,440 263,039 258,306 238,820 348,406 389,148 467,259

113,575 99,232 93,645 92,308 85,213 850,852 1,168,164

5,329,541 7,156,884 8,058,291 9,325,382 10,073,633 10,423,632 10,385,409
1,283,522 1,823,187 2,087,827 2,271,183 2,533,738 8,906,189 8,538,548
1,227,975 2,092,829 2,913,540 2,893,042 3,557,989 4,755,824 4,765,700
793,930 1,126,685 1,449,574 1,407,500 1,554,645 3,974,698 4,250,202
14,181 (17,997) 148,116 (16,387) (15,223) 22,106 11,456
81,320 84,410 53,881 (308,665) (249,500) (255,498) (327,719)
62,310 80,367 17,628 (378,068) (313,510) (316,880) (392,261)

249,806 256,831 264,338 268,197 268,197 300,411 362,934

N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
1,698,506 1,870,644 1,664,495 2,912,229 2,411,772 3,027,330 2,525,701

0.04 0.05 0.01 -0.22 -0.16 -0.14 -0.14

0.01 0.01 0.00 -0.02 -0.01 -0.01 -0.01
0.25 0.31 0.07 -1.41 -1.17 -1.05 -1.08
0.62 0.62 0.69 0.62 0.61 0.45 0.50
0.23 -0.22 8.40 0.04 0.05 -0.07 -0.03
0.09 0.05 0.04 0.04 0.03 0.10 0.14

0.39 0.33 0.38 0.62 0.19 0.19 0.16

0.39 0.47 0.42 0.25 0.65 0.69 0.72

0.24 0.17 0.12 0.11 0.09 0.09 0.10

6.42 6.52 5.83 6.43 7.21 7.67 7.64

27.26 23.28 94.42 -7.70 -7.69 -9.55 -6.44

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
519,477 471,695 447,389 396,304 381,226 376,406 385,837
750,000 750,000 750,000 750,000 750,000 750,000 750,000
0 0 0 0 0 0 0
(230,523) (278,305) (302,611) (353,696) (368,774) (373,594) (364,163)
(5,090) (90) (90) (3,475) (6,225) (6,206) (6,115)
557,676 846,876 1,312,873 1,905,684 2,662,801 3,219,223 3,909,882
432,973 734,048 1,155,203 1,749,274 2,483,637 3,049,994 3,729,090
64,995 82,834 97,541 95,531 105,198 94,161 90,217
59,708 29,994 60,129 60,879 73,966 75,068 90,575
1,072,063 1,318,481 1,760,172 2,298,513 3,037,802 3,589,423 4,289,604
504,982 675,615 984,543 1,432,844 1,694,600 1,774,653 1,309,176
1,425 1,931 1,688 928 2,689 0 0
286,709 385,909 468,367 569,279 950,310 1,520,922 2,643,756
217,132 203,451 260,213 251,739 352,722 261,542 301,475
61,815 51,575 45,361 43,723 37,481 32,306 35,197

65,120 31,935 25,226 23,454 21,662 27,020 32,038

523,380 666,044 836,806 1,039,847 1,178,417 1,313,292 1,471,410
292,814 373,866 475,609 515,106 558,450 489,681 554,853
30,890 33,969 61,744 61,576 68,180 45,881 75,707
8,637 9,840 28,715 31,417 31,841 33,305 56,604
0 0 0 0 0 0 0
(63,944) (69,019) (39,266) (37,844) 2,957 7,218 21,343
(42,993) (47,782) (24,306) (51,085) (15,034) (4,820) 9,430

75,000 75,000 75,000 75,000 75,000 75,000 75,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
98,284 176,480 269,796 422,269 388,381 706,681 643,452

-0.08 -0.10 -0.05 -0.13 -0.04 -0.01 0.02

-0.04 -0.04 -0.01 -0.02 0.00 0.00 0.00
-0.57 -0.64 -0.32 -0.68 -0.20 -0.06 0.13
0.03 0.03 0.06 0.06 0.06 0.07 0.10
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.22 0.09 0.05 0.05 0.04 0.06 0.06

0.47 0.51 0.56 0.62 0.56 0.49 0.31

0.27 0.29 0.27 0.25 0.31 0.42 0.62

0.48 0.36 0.25 0.17 0.13 0.10 0.09

6.93 6.29 5.97 5.28 5.08 5.02 5.14

-2.29 -3.69 -11.10 -8.27 -25.83 -146.61 68.23

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
176,060 174,373 20,950 26,424 26,425 26,425 26,425
400,000 400,000 450,000 450,000 450,000 450,000 450,000
140,436 169,578 154,581 (288,138) (288,137) (288,137) (288,137)
(364,376) (395,205) (583,631) (135,438) (135,438) (135,438) (135,438)
500 500 500 500 500 500 500
484,667 580,874 799,875 446,624 446,624 446,624 446,624
0 0 0 0 0 0 0
373,196 456,573 605,353 363,227 363,227 363,227 363,227
111,471 124,301 194,522 83,397 83,397 83,397 83,397
661,227 755,747 821,325 473,548 473,548 473,548 473,548
236,662 236,326 228,128 124,990 124,990 124,990 124,990
0 0 0 0 0 0 0
69,869 68,078 68,642 53,968 53,968 53,968 53,968
326,409 424,623 502,155 275,933 275,933 275,933 275,933
28,287 26,720 22,400 18,657 18,657 18,657 18,657

2,511 1,745 1,589 623 623 623 623

720,406 780,273 868,016 529,044 529,044 529,044 529,044
306,416 276,720 230,363 202,998 202,998 202,998 202,998
340,355 413,207 589,462 382,836 382,836 382,836 382,836
281,781 256,739 372,172 248,849 248,849 248,849 248,849
44,312 33,669 169,693 4,203 4,203 4,203 4,203
60,952 34,987 (6,138) (446,164) (446,164) (446,164) (446,164)
55,405 29,015 (14,723) (444,295) (444,295) (444,295) (444,295)

40,000 40,000 45,000 45,000 45,000 45,000 45,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(40,682) (25,043) (81,490) (134,149) (134,149) (134,149) (134,149)

0.31 0.17 -0.70 -16.81 -16.81 -16.81 -16.81

0.08 0.04 -0.02 -0.94 -0.94 -0.94 -0.94
1.39 0.73 -0.33 -9.87 -9.87 -9.87 -9.87
0.92 0.93 1.62 1.23 1.23 1.23 1.23
0.80 1.16 -11.53 -0.01 -0.01 -0.01 -0.01
0.01 0.01 0.01 0.00 0.00 0.00 0.00

0.36 0.31 0.28 0.26 0.26 0.26 0.26

0.11 0.09 0.08 0.11 0.11 0.11 0.11

0.27 0.23 0.03 0.06 0.06 0.06 0.06

4.40 4.36 0.47 0.59 0.59 0.59 0.59

-0.73 -0.86 5.53 0.30 0.30 0.30 0.30

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
444,325 445,100 440,052 596,895 785,152 1,136,605 1,468,048
710,629 710,629 710,629 710,629 710,629 994,880 1,307,124
0 0 0 0 0 24,872 0
(266,304) (265,529) (270,577) (113,734) 74,523 116,853 160,924
0 0 0 0 450,738 542,170 672,949
3,484,764 5,743,820 8,152,697 11,502,026 15,170,971 17,369,021 19,754,899
3,172,629 5,395,957 7,675,050 10,896,831 0 0 0
234,121 230,218 365,311 461,414 236,799 245,286 302,785
78,014 117,645 112,336 143,781 14,934,172 17,123,735 19,452,114
3,929,089 6,188,920 8,592,749 12,098,921 16,406,861 19,047,796 21,895,896
1,496,680 1,827,110 3,226,513 7,956,094 2,264,456 2,642,171 2,794,808
0 0 0 0 0 11,838 5,240
2,055,307 3,765,468 4,583,821 3,215,225 12,412,046 14,993,209 17,334,836
273,053 471,516 647,815 804,071 1,526,167 1,138,870 1,430,499
104,049 124,826 134,600 123,531 204,192 261,708 330,513

37,603 39,816 39,878 40,642 49,056 802,265 1,120,448

3,324,328 4,461,066 5,076,717 6,721,214 7,493,979 8,263,052 7,816,618
367,323 585,446 706,205 917,351 1,315,378 7,907,340 7,443,140
519,852 959,439 1,477,670 1,883,376 2,559,883 3,618,580 3,839,479
231,527 300,915 412,416 580,444 896,060 3,426,066 3,635,486
0 0 0 0 0 0 0
48,187 60,139 56,146 133,853 165,816 173,375 154,761
26,672 50,340 29,498 84,045 122,607 126,060 107,458

71,063 71,063 71,063 71,063 71,063 99,488 130,712

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,560,954 1,643,708 1,645,666 2,631,792 2,276,857 2,485,094 1,873,844

0.06 0.11 0.07 0.14 0.16 0.11 0.07

0.01 0.01 0.00 0.01 0.01 0.01 0.00
0.38 0.71 0.42 1.18 1.73 1.27 0.82
0.63 0.51 0.58 0.63 0.68 0.43 0.49
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.10 0.07 0.06 0.04 0.04 0.10 0.15

0.38 0.30 0.38 0.66 0.14 0.14 0.13

0.52 0.61 0.53 0.27 0.76 0.79 0.79

0.11 0.07 0.05 0.05 0.05 0.06 0.07

6.25 6.26 6.19 8.40 11.05 11.42 11.23

58.52 32.65 55.79 31.31 18.57 19.71 17.44

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
323,698 427,212 470,811 512,248 525,962 551,830 559,944
337,429 407,676 432,748 471,343 471,343 509,226 509,226
0 0 0 0 11,700 (3,358) (7,589)
(13,731) 19,536 38,063 40,905 42,919 45,962 58,307
0 0 0 (107,658) (102,369) (119,362) (118,414)
320,762 628,283 644,609 500,539 771,221 1,076,725 895,435
0 0 0 0 0 0 0
201,114 345,838 299,262 175,331 409,634 502,328 424,254
119,648 282,445 345,347 325,208 361,587 574,397 471,181
644,460 1,055,495 1,115,420 905,129 1,194,814 1,509,193 1,336,965
139,378 219,194 179,177 259,723 58,951 84,521 203,267
0 0 0 0 0 663 1,009
224,528 319,366 264,175 224,555 346,554 368,353 310,233
235,746 470,056 629,806 378,176 708,655 984,444 753,413
44,808 46,879 42,262 42,675 80,654 71,212 69,043

6,388 12,391 11,554 14,295 2,019 789 7,359

549,209 1,028,986 1,002,402 701,709 652,736 168,462 192,481
165,903 426,432 506,242 373,518 217,849 168,463 192,481
229,838 540,697 633,247 417,784 383,836 593,375 388,108
193,693 457,403 542,285 412,734 249,205 211,234 231,632
(7,863) (12,756) 6,192 6,573 3,575 6,359 5,381
30,589 40,546 32,169 7,786 3,799 6,244 18,660
18,772 33,267 18,527 2,841 2,014 3,043 12,345

33,743 40,768 43,275 47,134 47,134 50,923 50,923

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
96,452 81,044 (161,584) (52,325) (75,829) 36,227 63,421

0.06 0.08 0.04 0.01 0.00 0.01 0.02

0.03 0.03 0.02 0.00 0.00 0.00 0.01
0.56 0.82 0.43 0.06 0.04 0.06 0.24
1.17 1.07 1.07 1.11 1.14 1.25 1.20
-0.42 -0.38 0.33 2.31 1.78 2.09 0.44
0.04 0.03 0.02 0.04 0.01 0.00 0.04

0.22 0.21 0.16 0.29 0.05 0.06 0.15

0.35 0.30 0.24 0.25 0.29 0.24 0.23

0.50 0.40 0.42 0.57 0.44 0.37 0.42

9.59 10.48 10.88 10.87 11.16 10.84 11.00

5.14 2.44 -8.72 -18.42 -37.65 11.91 5.14

 (Thousand Rupees)
2012 2013 2014 2015 2016 2017 2018
141,201 157,029 163,122 192,609 216,033 212,174 332,310
300,000 300,000 300,000 300,000 300,000 300,000 612,989
0 0 0 0 1,663 (4,496) (119,628)
(158,799) (142,971) (136,878) (107,391) (85,630) (83,330) (161,051)
33,773 5,015 (11,211) (20,239) (15,678) (6,540) (21,485)
323,125 357,109 425,265 405,073 421,022 273,328 641,929
0 0 0 0 0 0 0
217,107 241,193 274,114 299,684 177,421 211,185 303,602
106,018 115,916 151,151 105,389 243,601 62,143 338,327
498,099 519,153 577,176 577,443 621,377 478,962 952,754
250,652 282,019 287,280 327,754 25,023 26,891 88,305
465 196 420 171 0 1,203 1,248
40,170 38,987 35,525 67,969 355,532 298,203 499,531
190,331 184,912 240,268 171,315 233,400 147,400 349,821
16,481 13,039 13,683 10,234 7,422 5,265 13,849

1,953 13,345 15,398 13,294 11,853 20,155 7,696

212,218 220,515 274,350 333,568 219,457 149,782 375,856
151,066 160,723 169,408 262,210 239,063 137,707 145,076
107,040 145,517 151,417 147,470 163,254 115,152 79,570
78,292 101,788 93,986 134,056 128,690 55,244 77,631
(22,268) (38,910) (27,769) (27,163) (23,001) 11,544 1,872
5,536 17,757 10,970 33,704 24,092 3,829 (76,319)
4,454 15,527 8,632 30,426 21,198 3,132 (77,199)

30,000 30,000 30,000 30,000 30,000 30,000 61,299

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
(16,502) (5,545) (7,893) 44,642 (43,488) (66,523) 79,133

0.03 0.10 0.05 0.16 0.10 0.01 -0.23

0.01 0.03 0.02 0.05 0.03 0.01 -0.08
0.15 0.52 0.29 1.01 0.71 0.10 -1.26
0.52 0.63 0.55 0.51 0.54 0.40 0.54
-5.00 -2.51 -3.22 -0.89 -1.09 3.69 -0.02
0.01 0.08 0.09 0.05 0.05 0.15 0.05

0.50 0.54 0.50 0.57 0.04 0.06 0.09

0.08 0.08 0.06 0.12 0.57 0.62 0.52

0.28 0.30 0.28 0.33 0.35 0.44 0.35

4.71 5.23 5.44 6.42 7.20 7.07 5.42

-3.71 -0.36 -0.91 1.47 -2.05 -21.24 -1.03

Housing Finance Companies - Overall
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 130,909 2,575,852 2,050,067 2,172,422
1.Share capital 126,164 3,127,164 3,127,164 3,144,098
2.Statutry reserves 12,973 498,463 498,463 520,969
3.Accumulated profit (loss) (8,228) (1,049,775) (1,575,560) (1,492,645)
4.Others 2,685 2,685 2,107 (18,759)
B.Total liabilities (B1 + B2) 23,971 15,778,578 16,098,002 17,067,528
1.Current liabilities 23,851 15,778,578 16,075,420 17,048,185
2.Non-current liabilities (a + b) 120 0 22,582 19,343
a.Lease finance 0 0 22,582 0
b.Long term finance 120 0 0 19,343
C.Total assets (C1 + C2) 157,565 18,357,115 18,150,176 19,221,191
1.Current assets (a + b) 117,423 18,323,522 18,077,225 19,141,486
a.Cash & bank balances 309 704,067 219,559 156,235
b.Other current assets 117,114 17,619,455 17,857,666 18,985,251
2.Non-current assets (a + b) 40,142 33,593 72,951 79,705
a.Investment in housing finance 11,098 9,188 13,622 27,521
b.Other assets 29,044 24,405 59,329 52,184
D.Profit & loss account
1.Revenue 3,980 3,068,036 1,282,353 1,555,757
2.Admin. & general expense 16,248 1,227,434 1,297,638 1,386,629
3.Profit/(loss) before taxation (12,268) (2,841) (79,008) 133,131
4.Profit/(loss) after taxation 12,289 (389,881) (109,591) 105,421
E.Other items
1.No. of ordinary shares (000) 12,616 312,716 312,716 314,410
2.Cash dividend N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A
4.Cash generated from operating activities (13,691) (227,022) 651,531 2,324,105
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 0.09 -0.15 -0.05 0.05
2.Return on capital employed (ROCE) (D4/C-B1) 0.09 -0.15 -0.05 0.05
3.Return on assets (ROA) (D4/C) 0.08 -0.02 -0.01 0.01
4.Admin. expense to profit before tax. (D2/D3) (times) -1.32 -432.04 -16.42 10.42
5.Earning per share (D4/E1) 0.97 -1.25 -0.35 0.34
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.00 0.04 0.01 0.01
2.Current assets to current liabilities (C1/B1) (times) 4.92 1.16 1.12 1.12
3.Total liabilities to total assets (B/C) (times) 0.15 0.86 0.89 0.89
4.Investment to total assets (C2a/C) 0.07 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.83 0.14 0.11 0.11
2.Break up value per share (A/E1) 10.38 8.24 6.56 6.91
I.Cash flow ratio
1.Cash generated. from operating activities to profit after tax -1.11 0.58 -5.95 22.05
2.Cash generated from operating activities to current liabilitie -0.57 -0.01 0.04 0.14
Asian Housing Finance Ltd. (Thousand Rupees)
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) 130,909 126,585 125,688 135,511
1.Share capital 126,164 126,164 126,164 143,098
2.Statutry reserves 12,973 12,973 12,973 12,973
3.Accumulated profit (loss) (8,228) (12,552) (13,449) (20,560)
4.Others 2,685 2,685 2,685 0
B.Total liabilities (B1 + B2) 23,971 17,256 36,983 32,535
1.Current liabilities 23,851 17,256 14,401 13,192
2.Non-current liabilities (a + b) 120 0 22,582 19,343
a.Lease finance 0 0 22,582 0
b.Long term finance 120 0 0 19,343
C.Total assets (C1 + C2) 157,565 146,526 165,356 168,046
1.Current assets (a + b) 117,423 112,933 92,405 88,341
a.Cash & bank balances 309 779 790 460
b.Other current assets 117,114 112,154 91,615 87,881
2.Non-current assets (a + b) 40,142 33,593 72,951 79,705
a.Investment in housing finance 11,098 9,188 13,622 27,521
b.Other assets 29,044 24,405 59,329 52,184
D.Profit & loss account
1.Revenue 3,980 11,811 13,544 6,843
2.Admin. & general expense 16,248 11,085 14,093 13,889
3.Profit/(loss) before taxation (12,268) (4,264) (896) (7,080)
4.Profit/(loss) after taxation 12,289 (4,324) (896) (7,111)
E.Other items
1.No. of ordinary shares 12,616 12,616 12,616 14,310
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (13,691) 12,129 3,720 14,502
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) 9.39% -0.03% -0.71% -5.25%
2.Return on capital employed (ROCE) (D4/C-B1) 9.19% -0.03% -0.59% -4.59%
3.Return on assets (ROA) (D4/C) 0.08 -0.03% -0.54% -4.23%
4.Admin. expense to profit before tax. (D2/D3) (times) -1.32 -2.60 -15.73 -1.96
5.Earning per share (D4/E1) 0.97 -0.34 -0.07 -0.50
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.00 0.01% 0.48% 0.27%
2.Cuurent assets to current liabilities (C1/B1) 4.92 6.55 6.42 6.70
3.Total liabilities to total assets (B/C) 0.15 0.12 0.22 0.19
4.Investment to total assets (C2a/C) 7.04% 0.06% 8.24% 16.38%
H.Capital /leverage ratios
1.Capital ratio (A/C) 83.08% 0.86% 76.01% 80.64%
2.Break up value per share (A/E1) 10.38 10.03 9.96 9.47
I.Cash flow ratio
1.Cash generated. from operating activities to profit after tax -1.11 -2.81 -4.15 -2.04
2.Cash generated from operating activities to current liabilitie -0.57 0.70 0.26 1.10
HOUSE BUILDING FINANCE COMPANY LTD.
Items 2007 2008 2009 2010
A.Total equity (A1 to A3) - 2,449,267 1,924,379 2,036,911
1.Share capital - 3,001,000 3,001,000 3,001,000
2.Statutry reserves - 485,490 485,490 507,996
3.Accumulated profit (loss) - (1,037,223) (1,562,111) (1,472,085)
4.Others - 0 (578) (18,759)
B.Total liabilities (B1 + B2) - 15,761,322 16,061,019 17,034,993
1.Current liabilities - 15,761,322 16,061,019 17,034,993
2.Non-current liabilities (a + b) - 0 0 0
a.Lease finance - 0 0 0
b.Long term finance - 0 0 0
C.Total assets (C1 + C2) - 18,210,589 17,984,820 19,053,145
1.Current assets (a + b) - 18,210,589 17,984,820 19,053,145
a.Cash & bank balances - 703,288 218,769 155,775
b.Other current assets - 17,507,301 17,766,051 18,897,370
2.Non-current assets (a + b) - 0 0 0
a.Investment in housing finance - 0 0 0
b.Other assets - 0 0 0
D.Profit & loss account
1.Revenue - 3,056,225 1,268,809 1,548,914
2.Admin. & general expense - 1,216,349 1,283,545 1,372,740
3.Profit/(loss) before taxation - 1,423 (78,112) 140,211
4.Profit/(loss) after taxation - (385,557) (108,695) 112,532
E.Other items
1.No. of ordinary shares (000) - 300,100 300,100 300,100
2.Cash dividend - 0.00 0.00 0.00
3.Stock dividend/bonus shares - 0.00 0.00 0.00
4.Cash generated from operating activities - (239,151) 647,811 2,309,603
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A) - -15.74% -5.65% 5.52%
2.Return on capital employed (ROCE) (D4/C-B1) - -15.74% -5.65% 5.58%
3.Return on assets (ROA) (D4/C) - -2.12% -0.01 0.59%
4.Admin. expense to profit before tax. (D2/D3) (times) - 854.78 -16.43 9.79
5.Earning per share (D4/E1) - -1.28 -0.36 0.37
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) - 3.86% 1.22% 0.82%
2.Current assets to current liabilities (C1/B1) (times) - 1.16 1.12 1.12
3.Total liabilities to total assets (B/C) (times) - 0.87 0.89 0.89
4.Investment to total assets (C2a/C) - 0.00 0.00 0.00
H.Capital /leverage ratios
1.Capital ratio (A/C) - 13.45% 0.11 10.69%
2.Break up value per share (A/E1) - 8.16 6.41 6.79
I.Cash flow ratio
1.Cash generated. from operating activities to profit after tax - 0.62 -5.96 20.52
2.Cash generated from operating activities to current liabilitie - -0.02 0.04 0.14
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
2,036,876 1,530,036 2,161,657 1,880,297 (1,075,035) (364,187) 16,711,251
3,144,098 3,001,000 3,001,000 3,001,000 3,001,000 3,001,000 19,365,000
649,556 636,583 713,005 743,439 713,662 713,662 1,038,728
(1,756,778) (2,107,547) (1,552,348) (1,864,142) (4,789,697) (4,078,849) (3,692,477)
213,130 222,253 211,351 344,102 320,274 16,362,314 2,173
17,478,530 18,620,754 19,279,694 19,208,274 21,437,212 4,908,344 3,616,650
17,446,673 18,620,754 19,279,694 19,208,274 21,437,212 4,908,344 3,616,650
31,857 0 0 0 0 0 0
0 0 0 0 0 0 0
31,857 0 0 0 0 0 0
19,728,536 20,373,043 21,652,702 21,432,673 20,682,451 20,906,471 20,330,074
19,359,616 20,109,543 21,308,302 21,070,101 190,014 771,688 825,113
507,360 232,253 307,476 314,661 82,376 121,378 53,531
18,852,256 19,877,290 21,000,826 20,755,440 107,638 650,310 771,582
368,920 263,500 344,400 362,572 20,492,437 20,134,783 19,504,961
26,537 0 0 0 0 0 0
342,383 263,500 344,400 362,572 20,492,437 20,134,783 19,504,961

2,642,402 2,535,381 2,778,190 2,644,721 2,509,819 2,606,851 2,281,936

1,423,761 1,477,605 1,323,782 1,994,239 1,703,525 1,758,099 984,643
810,055 (123,721) 487,026 304,835 (728,705) (835,867) 2,019,114
673,901 (163,975) 382,109 152,169 (851,960) (865,950) 1,625,328

314,410 300,100 300,100 300,100 300,100 300,100 1,936,500

N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A
2,438,308 771,675 (729,709) (1,001,618) 405,834 (249,704) (319,770)

0.33 -0.11 0.18 0.08 0.79 2.38 0.10

0.30 -0.09 0.16 0.07 1.13 -0.05 0.10
0.03 -0.01 0.02 0.01 -0.04 -0.04 0.08
1.76 -11.94 2.72 6.54 -2.34 -2.10 0.49
2.14 -0.55 1.27 0.51 -2.84 -2.89 0.84

0.03 0.01 0.01 0.01 0.00 0.01 0.00

1.11 1.08 1.11 1.10 0.01 0.16 0.23
0.89 0.91 0.89 0.90 1.04 0.23 0.18
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.10 0.08 0.10 0.09 -0.05 -0.02 0.82

6.48 5.10 7.20 6.27 -3.58 -1.21 8.63

3.62 -4.71 -1.91 -6.58 -0.48 0.29 -0.20

0.14 0.04 -0.04 -0.05 0.02 -0.05 -0.09
(Thousand Rupees)
2011 Not available Not available Not available Not available Not available Not available
133,813
143,098
12,973
(22,258)
0
51,035
19,178
31,857
0
31,857
184,848
30,444
796
29,648
154,404
26,537
127,867

11,844
13,029
(1,607)
(1,698)

14,310
0.00
0.00
430

-1.27%
-1.02%
-0.92%
-8.11
-0.12

0.43%
1.59
0.28
14.36%

72.39%
9.35

-0.25
0.02
 (Thousand Rupees)
2011 2012 2013 2014 2015 2016 2017
1,903,063 1,530,036 2,161,657 1,880,297 (1,075,035) (364,187) 16,711,251
3,001,000 3,001,000 3,001,000 3,001,000 3,001,000 3,001,000 19,365,000
636,583 636,583 713,005 743,439 713,662 713,662 1,038,728
(1,734,520) (2,107,547) (1,552,348) (1,864,142) (4,789,697) (4,078,849) (3,692,477)
213,130 222,253 211,351 344,102 320,274 16,362,314 2,173
17,427,495 18,620,754 19,279,694 19,208,274 21,437,212 4,908,344 3,616,650
17,427,495 18,620,754 19,279,694 19,208,274 21,437,212 4,908,344 3,616,650
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
19,543,688 20,373,043 21,652,702 21,432,673 20,682,451 20,906,471 20,330,074
19,329,172 20,109,543 21,308,302 21,070,101 190,014 771,688 825,113
506,564 232,253 307,476 314,661 82,376 121,378 53,531
18,822,608 19,877,290 21,000,826 20,755,440 107,638 650,310 771,582
214,516 263,500 344,400 362,572 20,492,437 20,134,783 19,504,961
0 0 0 0 0 0 0
214,516 263,500 344,400 362,572 20,492,437 20,134,783 19,504,961

2,630,558 2,535,381 2,778,190 2,644,721 2,509,819 2,606,851 2,281,936

1,410,732 1,477,605 1,323,782 1,994,239 1,703,525 1,758,099 984,643
811,662 (123,721) 487,026 304,835 (728,705) (835,867) 2,019,114
675,599 (163,975) 382,109 152,169 (851,960) (865,950) 1,625,328

300,100 300,100 300,100 300,100 300,100 300,100 1,936,500

0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
2,437,878 771,675 (729,709) (1,001,618) 405,834 (249,704) (319,770)

0.36 -10.72% 17.68% 8.09% 79.25% 237.78% 9.73%

31.93% -9.36% 0.16 6.84% 112.88% -5.41% 9.72%
3.46% -0.01 1.76% 0.71% -4.12% -4.14% 7.99%
1.74 -11.94 2.72 6.54 -2.34 -2.10 0.49
2.25 -0.55 1.27 0.51 -2.84 -2.89 0.84

2.59% 1.14% 1.42% 1.47% 0.00 0.58% 0.26%

1.11 1.08 1.11 1.10 0.01 0.16 0.23
0.89 0.91 0.89 0.90 1.04 0.23 0.18
0.00 0.00 0.00 0.00 0.00 0.00 0.00

9.74% 7.51% 9.98% 8.77% -0.05 -1.74% 0.82

6.34 5.10 7.20 6.27 -3.58 -1.21 8.63

3.61 -4.71 -1.91 -6.58 -0.48 0.29 -0.20

0.14 0.04 -0.04 -0.05 0.02 -0.05 -0.09
(Thousand Rupees)
2018
16,926,069
19,365,000
1,246,974
(3,685,905)
(20,845)
3,972,657
3,972,657
0
0
0
20,877,881
446,407
34,387
412,020
20,431,474
0
20,431,474

2,241,405
1,404,297
1,254,493
1,041,230

1,936,500
N/A
N/A
(2,788,782)

0.06
0.06
0.05
1.12
0.54

0.00
0.11
0.19
0.00

0.81
8.74

-2.68
-0.70
Not available
(Thousand Rupees)
2018
16,926,069
19,365,000
1,246,974
(3,685,905)
(20,845)
3,972,657
3,972,657
0
0
0
20,877,881
446,407
34,387
412,020
20,431,474
0
20,431,474

2,241,405
1,404,297
1,254,493
1,041,230

1,936,500
0.00
0.00
(2,788,782)

6.15%
6.16%
4.99%
1.12
0.54

0.16%
0.11
0.19
0.00

81.07%
8.74

-2.68
-0.70
Venture Capital - Overall
Items 2007 2008 2009 2010 2011 2012
A.Total equity (A1 to A3) 3,835,782 3,795,510 (375,302) (1,339,491) (2,128,737) 16,897
1.Share capital 4,168,907 4,168,907 4,205,980 4,205,980 4,205,980 25,073
2.Revenue reserve 0 0 290,145 237,605 162,223 752
3.Unappropriated profit/loss (333,125) (373,397) (4,871,427) (5,783,076) (6,496,940) (8,928)
4.Others 0 12,000 769,105 743,249 667,521 20,892
B.Total liabilities (B1 + B2) 220,219 247,193 6,390,690 6,769,505 6,511,448 2,562
1.Current liabilities 54,861 224,871 5,765,399 6,348,032 6,057,018 2,405
2.Non-current liabilities 165,358 22,322 625,291 421,473 454,430 157
C.Total assets (C1+C2) 4,056,001 4,054,703 6,784,493 6,173,263 5,050,232 40,351
1.Current assets (a + b) 146,100 144,913 2,728,074 3,565,932 2,772,110 36,256
a.Cash & bank balances 8,821 6,496 321,524 542,959 464,660 615
b.Others 137,279 138,417 2,406,550 3,022,973 2,307,450 35,641
2.Non-current assets (a + b) 3,909,901 3,909,790 4,056,419 2,607,331 2,278,122 4,095
a.Venture investment 3,862,483 3,862,483 3,929,756 2,399,507 2,110,508 4,075
b.Others 47,418 47,307 126,663 207,824 167,614 20
D.Profit & loss account
1.Revenue 30,045 20,342 10,367,521 9,526,726 10,247,746 4,796
2.Admin. & operating expense 47,794 48,378 3,270,874 2,881,637 2,784,555 1,285
3.Financial charges 53,967 55,628 288,659 233,972 225,077 57
4.Profit/(loss) before taxation (79,379) (65,588) (1,935,167) (1,600,143) (1,075,243) 3,454
5.Profit/(loss) after taxation (79,379) (91,307) (1,948,392) (1,580,976) (1,127,043) 1,981
E.Other items
1.No. of ordinary shares (000) 416,891 416,891 420,598 420,598 420,598 2,507
2.Cash dividend N/A N/A N/A N/A N/A N/A
3.Stock dividend/bonus shares N/A N/A N/A N/A N/A N/A
4.Cash generated from operating activities (73,203) (79,925) (229,951) (53,271) (1,013,494) 1,173
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A) -0.02 -0.02 5.19 1.18 0.53 0.12
2.Return on capital employed (ROCE) (D5/C-B1) -0.02 -0.02 -1.91 9.05 1.12 0.05
3.Return on assets (ROA) (D5/C) -0.02 -0.02 -0.29 -0.26 -0.22 0.05
4.Return on revenue (ROR) (D5/D1) -2.64 -4.49 -0.19 -0.17 -0.11 0.41
5.Admin. expense to revenue (D2/D1) 1.59 2.38 0.32 0.30 0.27 0.27
6.Earning per share (D5/E1) -0.19 -0.22 -4.63 -3.76 -2.68 0.79
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.00 0.00 0.05 0.09 0.09 0.02
2.Current assets to current liabilities (C1/B1) (tim 2.66 0.64 0.47 0.56 0.46 15.08
3.Total liabilities to total assets (B/C) (times) 0.05 0.06 0.94 1.10 1.29 0.06
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.95 0.94 -0.06 -0.22 -0.42 0.42
2.Break up value per share (A/E1) 9.20 9.10 -0.89 -3.18 -5.06 6.74
I.Cash flow ratio
1.Cash generated from operating activities to profi 0.92 0.88 0.12 0.03 0.90 0.59
2.Cash generated from operating activities to curre -1.33 -0.36 -0.04 -0.01 -0.17 0.49

AKD Capital Ltd.

Items 2007 2008 2009 2010 2011 2012
A.Total equity (A1 to A3) - - 14,727 15,757 15,711 16,897
1.Share capital - - 25,073 25,073 25,073 25,073
2.Revenue reserve - - 752 752 752 752
3.Unappropriated profit/loss - - (11,098) (10,068) (10,114) (8,928)
4.Others - - 20,891 20,891 20,892 20,892
B.Total liabilities (B1 + B2) - - 17,025 4,397 1,384 2,562
1.Current liabilities - - 17,025 4,397 1,384 2,405
2.Non-current liabilities - - 0 0 0 157
C.Total assets (C1+C2) - - 52,643 41,045 37,987 40,351
1.Current assets (a + b) - - 35,590 35,486 33,233 36,256
a.Cash & bank balances - - 396 380 229 615
b.Others - - 35,194 35,106 33,004 35,641
2.Non-current assets (a + b) - - 17,053 5,559 4,754 4,095
a.Venture investment - - 7,033 5,539 4,734 4,075
b.Others - - 10,020 20 20 20
D.Profit & loss account
1.Revenue - - (37,165) 5,354 2,663 4,796
2.Admin. & operating expense - - 13,998 3,191 1,536 1,285
3.Financial charges - - 172 6 - 57
4.Profit/(loss) before taxation - - (14,207) 1,759 1,126 3,454
5.Profit/(loss) after taxation - - (14,207) 1,030 889 1,981
E.Other items
1.No. of ordinary shares (000) - - 2,507 2,507 2,507 2,507
2.Cash dividend - - 0.00 0.00 - 0.15
3.Stock dividend/bonus shares - - 0.00 0.00 - -
4.Cash generated from operating activities - - (19,148) 3,531 3,231 1,173
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A) - - -0.96 0.07 0.06 0.12
2.Return on capital employed (ROCE) (D5/C-B1) - - -0.40 0.03 0.02 0.05
3.Return on assets (ROA) (D5/C) - - -0.27 0.03 0.02 0.05
4.Return on revenue (ROR) (D5/D1) - - 0.38 0.19 0.33 0.41
5.Admin. expense to revenue (D2/D1) - - -0.38 0.60 0.58 0.27
6.Earning per share (D5/E1) - - -5.67 0.41 0.35 0.79
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) - - 0.01 0.01 0.01 0.02
2.Current assets to current liabilities (C1/B1) (tim - - 2.09 8.07 24.01 15.08
3.Total liabilities to total assets (B/C) (times) - - 0.32 0.11 0.04 0.06
H.Capital /leverage ratios
1.Capital ratio (A/C) - - 0.28 0.38 0.41 0.42
2.Break up value per share (A/E1) - - 5.87 6.29 6.27 6.74
I.Cash flow ratio
1.Cash generated from operating activities to profi - - 1.35 3.43 3.63 0.59
2.Cash generated from operating activities to curre - - -1.12 0.80 2.33 0.49

AMZ Venture Capital (Thousand Rupees)

Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 259,222 233,655 222,187 222,187 222,187
1.Share capital 300,000 300,000 300,000 300,000 300,000
2.Reserves 0 0 0 0 0
3.Unappropriated profit/loss (40,778) (66,345) (77,813) (77,813) (77,813)
4.Others 0 0 0 0 0
B.Total liabilities (B1 + B2) 187,171 213,055 244,337 244,337 244,337
1.Current liabilities 23,856 193,519 244,337 244,337 244,337
2.Non-current liabilities 163,315 19,536 0 0 -
C.Total assets (C1+C2) 446,393 446,710 466,524 466,524 466,524
1.Current assets (a + b) 102,602 103,815 124,373 124,373 124,373
a.Cash & bank balances 207 14 7 7 7
b.Others 102,395 103,801 124,366 124,366 124,366
2.Non-current assets (a + b) 343,791 342,895 342,151 342,151 342,151
a.Venture investment 304,128 304,128 304,128 304,128 304,128
b.Others 39,663 38,767 38,023 38,023 38,023
D.Profit & loss account
1.Revenue 14,005 4,542 18,926 18,926 18,926
2.Admin. & operating expense 4,383 2,586 1,334 1,334 1,334
3.Financial charges 26,511 27,952 29,212 29,212 29,212
4.Profit/(loss) before taxation (16,375) 152 428 428 428
5.Profit/(loss) after taxation (16,375) (25,567) (11,469) (11,469) (11,469)
E.Other items
1.No. of ordinary shares 30,000 30,000 30,000 30,000 30,000
2.Cash dividend 0.00 0.00 0.00 0.00 -
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 -
4.Cash generated from operating activities 6,683 15,964 26,040 26,040 26,040
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A) -0.06 -0.11 -0.05 -0.05 -0.05
2.Return on capital employed (ROCE) (D5/C-B1) -0.04 -0.10 -0.05 -0.05 -0.05
3.Return on assets (ROA) (D5/C) -0.04 -0.06 -0.02 -0.02 -0.02
4.Return on revenue (ROR) (D5/D1) -1.17 -5.63 -0.61 -0.61 -0.61
5.Admin. expense to revenue (D2/D1) 0.31 0.57 0.07 0.07 0.07
6.Earning per share (D5/E1) -0.55 -0.85 -0.38 -0.38 -0.38
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.00 0.00 0.00 0.00 0.00
2.Cuurent assets to current liabilities (C1/B1) (tim 4.30 0.54 0.51 0.51 0.51
3.Total liabilities to total assets (B/C) (times) 0.42 0.48 0.52 0.52 0.52
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.58 0.52 0.48 0.48 0.48
2.Break up value per share (A/E1) 8.64 7.79 7.41 7.41 7.41
I.Cash flow ratio
1.Cash generated from operating activities to profi -0.41 -0.62 -2.27 -2.27 -2.27
2.Cash generated from operating activities to curre 0.28 0.08 0.11 0.11 0.11

TMT-Venture Capital (Thousand Rupees)

Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 10,166 (4,539) 1,146 1,146 1,146
1.Share capital 15,000 15,000 27,000 27,000 27,000
2.Reserves 0 0 0 0 0
3.Unappropriated profit/loss (4,834) (19,539) (25,854) (25,854) (25,854)
4.Others 0 12,000 0 0 0
B.Total liabilities (B1 + B2) 3,833 4,923 7,681 7,681 7,681
1.Current liabilities 1,790 2,137 6,415 6,415 6,415
2.Non-current liabilities 2,043 2,786 1,266 1,266 1,266
C.Total assets (C1+C2) 13,999 12,384 8,827 8,827 8,827
1.Current assets (a + b) 9,778 7,378 6,437 6,437 6,437
a.Cash & bank balances 2,387 255 9 9 9
b.Others 7,391 7,123 6,428 6,428 6,428
2.Non-current assets (a + b) 4,221 5,006 2,390 2,390 2,390
a.Venture investment 0 0 0 0 0
b.Others 4,221 5,006 2,390 2,390 2,390
D.Profit & loss account
1.Revenue 7,740 7,500 7,500 7,500 7,500
2.Admin. & operating expense 19,465 21,846 14,888 14,888 14,888
3.Financial charges 257 477 431 431 431
4.Profit/(loss) before taxation (11,970) (14,706) (6,315) (6,315) (6,315)
5.Profit/(loss) after taxation (11,970) (14,706) (6,315) (6,315) (6,315)
E.Other items
1.No. of ordinary shares 1,500 1,500 2,700 2,700 2,700
2.Cash dividend 0.00 0.00 0.00 0.00 -
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 -
4.Cash generated from operating activities 3,861 (12,142) 644 644 644
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A) -1.18 0.03 -5.51 -5.51 -5.51
2.Return on capital employed (ROCE) (D5/C-B1) -0.98 -0.01 -2.62 -2.62 -2.62
3.Return on assets (ROA) (D5/C) -0.86 -0.01 -0.72 -0.72 -0.72
4.Return on revenue (ROR) (D5/D1) -1.55 -0.02 -0.84 -0.84 -0.84
5.Admin. expense to revenue (D2/D1) 2.51 -0.01 1.99 1.99 1.99
6.Earning per share (D5/E1) -7.98 -9.80 -2.34 -2.34 -2.34
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.17 0.00 0.00 0.00 0.00
2.Cuurent assets to current liabilities (C1/B1) (tim 5.46 3.45 1.00 1.00 1.00
3.Total liabilities to total assets (B/C) (times) 0.27 0.40 0.87 0.87 0.87
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.73 0.00 0.13 0.13 0.13
2.Break up value per share (A/E1) 6.78 -3.03 0.42 0.42 0.42
I.Cash flow ratio
1.Cash generated from operating activities to profi -0.32 0.83 -0.10 -0.10 -0.10
2.Cash generated from operating activities to curre 2.16 -5.68 0.10 0.10 0.10

TRG Pakistan Limited (Thousand Rupees)

Items 2007 2008 2009 2010 2011
A.Total equity (A1 to A3) 3,566,394 3,566,394 (613,362) (1,578,581) (2,367,781)
1.Share capital 3,853,907 3,853,907 3,853,907 3,853,907 3,853,907
2.Reserves 0 0 289,393 236,853 161,471
3.Unappropriated profit/loss (287,513) (287,513) (4,756,662) (5,669,341) (6,383,159)
4.Others 0 0 748,214 722,358 646,629
B.Total liabilities (B1 + B2) 29,215 29,215 6,121,647 6,513,090 6,258,046
1.Current liabilities 29,215 29,215 5,497,622 6,092,883 5,804,882
2.Non-current liabilities 0 0 624,025 420,207 453,164
C.Total assets (C1+C2) 3,595,609 3,595,609 6,256,499 5,656,867 4,536,894
1.Current assets (a + b) 33,720 33,720 2,561,674 3,399,636 2,608,067
a.Cash & bank balances 6,227 6,227 321,112 542,563 464,415
b.Others 27,493 27,493 2,240,562 2,857,073 2,143,652
2.Non-current assets (a + b) 3,561,889 3,561,889 3,694,825 2,257,231 1,928,827
a.Venture investment 3,558,355 3,558,355 3,618,595 2,089,840 1,801,646
b.Others 3,534 3,534 76,230 167,391 127,181
D.Profit & loss account
1.Revenue 8,300 8,300 10,378,260 9,494,946 10,218,657
2.Admin. & operating expense 23,946 23,946 3,240,654 2,862,224 2,766,797
3.Financial charges 27,199 27,199 258,844 204,323 195,434
4.Profit/(loss) before taxation (51,034) (51,034) (1,915,073) (1,596,015) (1,070,482)
5.Profit/(loss) after taxation (51,034) (51,034) (1,916,401) (1,564,222) (1,110,148)
E.Other items
1.No. of ordinary shares 385,391 385,391 385,391 385,391 385,391
2.Cash dividend 0.00 0.00 0.00 0.00 -
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 -
4.Cash generated from operating activities (83,747) (83,747) (237,487) (83,486) (1,043,409)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D5/A) -0.01 -0.01 3.12 0.99 0.47
2.Return on capital employed (ROCE) (D5/C-B1) -0.01 -0.01 -2.53 3.59 0.88
3.Return on assets (ROA) (D5/C) -0.01 -0.01 -0.31 -0.28 -0.24
4.Return on revenue (ROR) (D5/D1) -6.15 -6.15 -0.18 -0.16 -0.11
5.Admin. expense to revenue (D2/D1) 2.89 2.89 0.31 0.30 0.27
6.Earning per share (D5/E1) -0.13 -0.13 -4.97 -4.06 -2.88
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.00 0.00 0.05 0.10 0.10
2.Cuurent assets to current liabilities (C1/B1) (tim 1.15 1.15 0.47 0.56 0.45
3.Total liabilities to total assets (B/C) (times) 0.01 0.01 0.98 1.15 1.38
H.Capital /leverage ratios
1.Capital ratio (A/C) 0.99 0.99 -0.10 -0.28 -0.52
2.Break up value per share (A/E1) 9.25 9.25 -1.59 -4.10 -6.14
I.Cash flow ratio
1.Cash generated from operating activities to profi 1.64 1.64 0.12 0.05 0.94
2.Cash generated from operating activities to curre -2.87 -2.87 -0.04 -0.01 -0.18
 (Thousand Rupees)
2013 2014 2015 2016 2017 2018
17,654 17,494 18,374 18,653 18,276 18,890
25,073 25,073 25,073 25,073 25,072 25,073
752 752 752 752 752 752
(8,171) (8,331) (7,451) (7,172) (7,548) (6,935)
20,892 17,724 18,118 15,697 22,759 20,609
2,982 4,594 4,680 4,824 5,226 3,876
2,912 4,572 4,680 4,488 4,928 3,693
70 22 0 336 298 183
41,528 39,812 41,172 39,174 46,261 43,375
37,976 36,712 38,443 36,711 44,178 41,532
1,106 3,734 72 2,769 1,605 5,335
36,870 32,978 38,371 33,942 42,573 36,197
3,552 3,100 2,729 2,463 2,083 1,843
3,532 3,080 2,502 2,244 1,965 1,725
20 20 227 219 118 118

4,980 4,935 9,000 8,000 3,500 5,940

1,929 2,854 1,966 3,125 2,657 4,537
14 27 21 32 23 16
3,037 2,054 2,034 4,844 764 1,387
1,841 1,338 1,375 1,292 799 1,202

2,507 2,507 2,507 2,507 2,507 2,507

N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A
1,002 37,015 (3,194) 3,718 (78) 2,285

0.10 0.08 0.07 0.07 0.04 0.06

0.05 0.04 0.04 0.04 0.02 0.03
0.04 0.03 0.03 0.03 0.02 0.03
0.37 0.27 0.15 0.16 0.23 0.20
0.39 0.58 0.22 0.39 0.76 0.76
0.73 0.53 0.55 0.52 0.32 0.48

0.03 0.09 0.00 0.07 0.03 0.12

13.04 8.03 8.21 8.18 8.96 11.25
0.07 0.12 0.11 0.12 0.11 0.09

0.43 0.44 0.45 0.48 0.40 0.44

7.04 6.98 7.33 7.44 7.29 7.53

0.54 27.66 -2.32 2.88 -0.10 1.90

0.34 8.10 -0.68 0.83 -0.02 0.62

(Thousand Rupees)
 2013 2014 2015 2016 2017 2018
17,654 17,494 18,374 18,653 18,276 18,890
25,073 25,073 25,073 25,073 25,072 25,073
752 752 752 752 752 752
(8,171) (8,331) (7,451) (7,172) (7,548) (6,935)
20,892 17,724 18,118 15,697 22,759 20,609
2,982 4,594 4,680 4,824 5,226 3,876
2,912 4,572 4,680 4,488 4,928 3,693
70 22 0 336 298 183
41,528 39,812 41,172 39,174 46,261 43,375
37,976 36,712 38,443 36,711 44,178 41,532
1,106 3,734 72 2,769 1,605 5,335
36,870 32,978 38,371 33,942 42,573 36,197
3,552 3,100 2,729 2,463 2,083 1,843
3,532 3,080 2,502 2,244 1,965 1,725
20 20 227 219 118 118

4,980 4,935 9,000 8,000 3,500 5,940

1,929 2,854 1,966 3,125 2,657 4,537
14 27 21 32 23 16
3,037 2,054 2,034 4,844 764 1,387
1,841 1,338 1,375 1,292 799 1,202

2,507 2,507 2,507 2,507 2,507 2,507

0.20 0.10 0.00 0.00 0.05% 0.05%
- 0.00 0.00 0.00 0.00 0.00
1,002 37,015 (3,194) 3,718 (78) 2,285

0.10 0.08 0.07 0.07 0.04 0.06

0.05 0.04 0.04 0.04 0.02 0.03
0.04 0.03 0.03 0.03 0.02 0.03
0.37 0.27 0.15 0.16 0.23 0.20
0.39 0.58 0.22 0.39 0.76 0.76
0.73 0.53 0.55 0.52 0.32 0.48

0.03 0.09 0.00 0.07 0.03 0.12

13.04 8.03 8.21 8.18 8.96 11.25
0.07 0.12 0.11 0.12 0.11 0.09

0.43 0.44 0.45 0.48 0.40 0.44

7.04 6.98 7.33 7.44 7.29 7.53

0.54 27.66 -2.32 2.88 -0.10 1.90

0.34 8.10 -0.68 0.83 -0.02 0.62