1) OPERATING CAPITAL

YEAR 1 YEAR 2 YEAR 3

TOTAL ASSESTS
LESS: MARKETABLE REC
OPERATING CAPITAL

2) NOPLAT
YEAR 1 YEAR 2 YEAR 3

PBT
INTEREST EXPENSE
INTEREST INCOME
OTHER INCOME
EBIT
LESS:
TAX P
INTEREST EXPENSE
INTEREST INCOME
NON-OPERATING INCOME

3) ROIC
ROIC=NOPLAT/AVERAGE INVESTMENT CAPITAL

4) NET INVESTMENT
YEAR 2 YEAR 3

NET FIXED ASSET

ADD: CURRENT ASSET

LESS: FIXED ASSET BEGINNING

CURRENT ASSET BEGINNING
NET INVESTMENT

5) FREE CASH FLOW (NOPLAT+DEP)-(NET INVESTMENT+DEP)

YEAR 2 YEAR 3

NOPLAT
ADD: DEPRECIATION
GROSS CASH FLOW
LESS: INCREASE/DECREASE IN CURRENT ASSETS
INCREASE/DECREASE IN FIXED ASSET+DEPRECIATION
GROSS INVESTMENT
FREE CASH FLOW

6) FINANCIAL FLOW

YEAR 2 YEAR 3

INTEREST EXPENSE AFTER TAX

ADD:
CASH DIVIDENT
REDEMPTION OF DEBT
REDEMPTION OF PREFFERED SHARE
SHARES BY BACK
MARKETABLE RECEIVABLES
LESs:
NEW BORROWINGS
ISSUANCE OF SHARES
INTEREST INCOME AFTER TAX

7) CASH FLOW TO INVESTORS

YEAR 2 YEAR 3

FCF
ADD:NON-OPERATING INCOME
1) CONTINUING VALUE

CV=FCF(1+G) /WACC-G

2)VALUE OF OPERATIONS

PV=FCF/(1+I)*

3) ENTERPRISE VALUES= VALUE OF OPERATIONS+PV(NON-OPT ASSET)

4) EQUITY VALUE= ENTERPRISE VALUE - PV (NON-EQUITY CLAIMS)

5) FARE VALUE= EQUITY VALUE/NO. OF SHARES

HBL Income Statement

AnnualQuarterly
Collapse All
2019 2018
Period Ending:
31/12 31/12

Net Interest Income 101323.3 81676.87

Interest Income, Bank 258113.9 165282.75
Total Interest Expense 156790.6 83605.89
Loan Loss Provision 2762.8 1432.85

Net Interest Income After Loan Loss Provision 98560.49 80244.02

Non-Interest Income, Bank 24161.58 19894.04

Non-Interest Expense, Bank -93841.2 -78553.24
Net Income Before Taxes 28880.92 21584.83
Provision for Income Taxes 13381.13 9143.89
Net Income After Taxes 15499.8 12440.94
Minority Interest -167 -385.37
Equity In Affiliates - -
U.S GAAP Adjustment - -
Net Income Before Extraordinary Items 15332.79 12055.57
Total Extraordinary Items - -
Net Income 15332.79 12055.57
Total Adjustments to Net Income - -
Income Available to Common Excluding
15332.79 12055.57
Extraordinary Items
Dilution Adjustment - -
Diluted Net Income 15332.79 12055.57
Diluted Weighted Average Shares 1466.85 1466.85
Diluted EPS Excluding Extraordinary Items 10.45 8.22
DPS - Common Stock Primary Issue 5 4.25
Diluted Normalized EPS 12.63 9.5
* In Millions of PKR (except for per share items)
 2017 2016
31/12 31/12

81833.26 81951.36
148010.27 141089.24
66177.01 59137.88
-49.55 717.56

81882.81 81233.8

34115.65 31061.77
-86511.61 -55770.65
29486.85 56524.91
20638.58 22318.66
8848.27 34206.25
-353.06 -136.11
- -
- -
8495.21 34070.14
- -
8495.21 34070.14
- -

8495.21 34070.14

- -
8495.21 34070.14
1466.85 1466.85
5.79 23.23
8 14
6.06 24.1
HBL Balance
Sheet

AnnualQuarterly

Collapse All

2020 2020
Period Ending:
30/06 31/03

Total Current Assets - -

Total Assets 3430895.11 3191865.26

Cash & Due

397695.64 307890.91
from Banks
Other Earning
1743743.22 1580374.94
Assets, Total
Net Loans 1072161.82 1097244.82
Property/Plant/
Equipment, 81041.39 79777.59
Total - Net
Property/
Plant/Equ
ipment, - -
Total -
Accumula
Gross
ted
- -
Depreciati
on, Total

Goodwill, Net - -

Intangibles, Net 9649.89 9224.71

Long Term
31032.37 30698.08
Investments
Other Long
Term Assets, - -
Total
Other Assets,
95570.78 86654.21
Total
Total Current
- -
Liabilities

Total Liabilities 3180772.8 2960545.54

 Accounts
56467.29 59776.37
Payable
Payable/Accrue
- -
d
Accrued
29699.1 18916.22
Expenses
Total Deposits 2662637.43 2377632.07
Other Bearing
Liabilities, 1888.13 25630.15
Total
Total Short
Term 122432.57 163414.7
Borrowings
Current Port. of
LT Debt/Capital - -
Leases
Other Current
1652.83 2192.03
liabilities, Total
Total Long
227364.84 249441.6
Term Debt
Long
Term 209948.35 234256.16
Capital
Debt
Lease
17416.49 15185.44
Obligatio
ns
Deferred
15862.5 9844.02
Income Tax
Minority
4484.3 4399.49
Interest
Other
Liabilities, 58283.82 49298.9
Total
Total Equity 250122.32 231319.72

Redeemable
Preferred Stock, - -
Total
Preferred Stock
- Non
- -
Redeemable,
Net
Common Stock,
14668.52 14668.52
Total
Additional
- -
Paid-In Capital
Retained
Earnings
161038.13 151812.41
(Accumulated
Deficit)
Treasury Stock
- -
- Common
 ESOP Debt
- -
Guarantee
Unrealized Gain
39622.15 30518.82
(Loss)
Other Equity,
34793.51 34319.96
Total
Total Liabilities &
Shareholders' 3430895.11 3191865.26
Equity

Total Common
1466.85 1466.85
Shares Outstanding

Total Preferred
- -
Shares Outstanding

* In Millions of PKR (except for

per share items)
 2019 2019
31/12 30/09

- -

3227132.4 3104766.17

408842.27 305132.55

1493712.09 1493952.84
1098268.13 1103483.65

80462.41 76233.55

- -

- -

2866.44 2732.32

6222.9 6068.22
30362 30100.57

- -

106396.15 87062.46

- -

3006777.88 2895635
 45404.41 57063.63

- -

22945.66 18684.92
2437597.17 2286650.79
23750.9 22585.32

202575.77 242373.09

135177.78 -

806.43 762.33

82809.42 210364.46

66812.75 199063.71

15996.66 11300.75

6189.69 2654.43
4397 4339.49

45123.67 50156.54

220354.52 209131.17

- -

- -

14668.52 14668.52

- -

149643.58 144421.64

- -
 - -

24875.38 19093.79

31167.03 30947.21

3227132.4 3104766.17

1466.85 1466.85

- -