Financial Statement Analysis

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 (D6/C) 1.37% 0.02
6.Net markup/interest income(after provisions) to total assets(D5/C) 3.25% 3.18%

f 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%

7.Markup/interest expense to markup/interest income (D2/D1) 54.65% 49.73%
8.Admin. expesne to profit before tax. (D8/D9)(times) 1.23 1.02
9.Non-markup/interest expense to total income D7/(D1+D6) 28.59% 28.58%
10.Admin. expense to non-markup/interest income(D8/D6)(times) 1.83 1.55
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/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/C) 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/(B2+B3) 49.09% 43.83%
H.Assets quality ratios
1.Non-performing loans to gross advances (C6/C5) 12.15% 10.95%
2.Provision against NPLs to gross advances (C7/C5) 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 (E2/A) (times) 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 profit after tax (E1/D10) (times) 4.49 10.36
24

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
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

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
(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

4.Investments 5,185,061,111 6,745,664,302
5.Gross advances 4,960,270,001 5,303,837,767
8.Advances net of provision (C5-C7) 4,477,681,755 4,792,949,491
9.Fixed assets 253,689,079 266,482,950
2.Markup/interest expensed 497,263,971 476,117,336
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
1.Spread (D3/D1) 45.12% 50.31%
5.Non-markup/interest income to total assets (D6/C) 1.38% 1.48%
6.Net markup/interest income(after prov.) to total assets(D5/C) 3.22% 3.18%
8.Admin. expense to profit before tax. (D8/D9) (times) 1.24 1.04
10.Admin. expense to non-markup/interest income (D8/D6) (times) 1.82 1.58
11.Earning per share (D10/E1) 2.64 2.15
G.Liquidity ratios
7.Gross advances to borrowing & deposit C5/(B2+B3) 49.37% 44.27%

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%

1.Non-performing loan to gross advances (C6/C5) 12.21% 10.98%
2.Provisions against NPLs to gross advances (C7/C5) 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%
1.Capital ratio (A/C) 7.95% 7.76%
3.Break up value per share (A/E1) 15.75 12.33
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 4.51 10.28
25

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
4.Others 82,052,880 65,459,045
1.Bills payable 13,837,507 11,955,779
2.Borrowings from financial institutions 145,055,893 124,270,867
4.Investments 855,837,797 1,182,262,782
5.Gross advances 1,019,034,155 1,038,292,384
8.Advances net of provision (C5-C7) 886,603,787 886,113,766
9.Fixed assets 40,133,206 41,580,057

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
(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

E.Other items
4.Cash generated from operating activities 169,332,388 414,162,437
5.Commitments and contigencies 793,547,085 1,001,803,107
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
G.Liquidity ratios
3.Advances net of provisions to total assets (C8/C) 0.40 35.68%
2.Provisions against NPLs to gross advances (C7/C5) 0.13 14.66%
5.Provision against NPL to NPLs (C7/C6) 72.37% 0.79

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

J.Cash flow ratio
26

FIRST WOMEN BANK LTD.
Items 2014 2015
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
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
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
9.Fixed assets 383,314 337,357
10.Other/misc. assets 1,054,060 734,548
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

3.45 -6.15 20.04
(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

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
1.Spread (D3/D1) 37.85% 46.02%
3.Return on equity (ROE) (D10/A) -22.35% 1.98%
4.Return on assets (ROA) (D10/C) -2.66% 0.25%
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.00 2.21%
8.Admin. expense to profit before tax. (D8/D9) (times) -1.18 24.51
11.Earning per share (D10/E1) -2.00 0.18
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 9.07% 0.06
6.Gross advances to deposits (C5/B3) 0.70 61.02%
J.Cash flow ratio
27

NATIONAL BANK OF PAKISTAN
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
(Thousand Rupees)
Items 2014 2015
1.Share capital 21,275,131 21,275,131
2.Reserves 32,073,606 45,580,712
4.Others 67,973,351 52,340,042
1.Bills payable 11,011,827 9,171,616
4.Investments 561,764,137 829,245,898
5.Gross advances 728,064,058 691,852,112
9.Fixed assets 30,885,076 31,057,977
E.Other items
2.Cash dividend 0.00 0.75%
5.Commitments and contigencies 613,219,089 838,576,330
1.Spread (D3/D1) 40.12% 47.26%

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%

G.Liquidity ratios
2.Investment to total assets (C4/C) 36.41% 0.49
1.Non-performing loan to gross advances (C6/C5) 0.17 0.18
3.NPLs to shareholders equity (C6/A) 1.10 109.71%
J.Cash flow ratio
28

SINDH BANK LTD.
Items 2014 2015
1.Share capital 10,000,000 10,000,000
2.Reserves 676,543 922,596
4.Others 1,324,940 758,879
1.Bills payable 399,591 288,681

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
(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

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
9.Fixed assets 1,741,637 1,826,519
4.Provisions and write-offs 19,078 2,520,355
6.Non-markup/interest income 956,465 3,491,838
E.Other items
1.Spread (D3/D1) 38.46% 43.87%
6.Net markup/interest income(after prov.) to total assets(D5/C) 2.74% 0.02
G.Liquidity ratios

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%

4.NPLs write off to NPLs provisions (D4/C7) 1.00 99.27%
J.Cash flow ratio
29

THE BANK OF KHYBER
Items 2014 2015
1.Share capital 10,002,524 10,002,524
2.Reserves 1,430,231 1,788,074
4.Others 1,708,761 1,944,578
1.Bills payable 586,407 504,884
4.Investments 72,431,445 95,512,456
5.Gross advances 43,242,574 40,137,147
9.Fixed assets 1,641,054 1,924,825

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
(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

E.Other items
1.Spread (D3/D1) 36.31% 40.74%
G.Liquidity ratios
1.Non-performing loan to gross advances (C6/C5) 0.11 12.79%

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

J.Cash flow ratio
30

THE BANK OF PUNJAB
Items 2014 2015
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
1.Bills payable 1,727,731 1,887,432
4.Investments 154,874,757 176,043,046
5.Gross advances 197,122,363 250,341,712
9.Fixed assets 5,482,125 6,433,379

14.68 14.94 13.81
10.69 10.66 12.40
27.45 -2.05 -78.81
(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

E.Other items
1.Spread (D3/D1) 30.47% 0.35
7.Markup/interest expense to markup/interest income (D2/D1) 69.53% 0.65
G.Liquidity ratios
5.Total liabilities to total assets (B/C) 0.95 0.95
1.Non-performing loan to gross advances (C6/C5) 28.23% 0.23
4.NPLs write off to NPLs provisions (D4/C7) 4.59% 0.11
J.Cash flow ratio
31
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

Private Sector Banks - Overall
Items 2014 2015
1.Share capital 382,637,010 428,121,383
2.Reserves 206,411,321 229,832,156
4.Others 70,331,186 50,915,920
1.Bills payable 116,231,603 129,862,472
4.Investments 4,295,230,297 5,537,093,906
5.Gross advances 3,801,885,848 4,106,149,914
9.Fixed assets 207,200,154 218,013,494
E.Other items
1.Spread (D3/D1) 45.78% 51.12%

(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%

5.Non-markup/interest income to total assets (D6/C) 0.01 1.35%
9.Non-markup/interest expense to total income D7/(D1+D6) 0.28 28.66%
G.Liquidity ratios
2.Provisions against NPLs to gross advances (C7/C5) 8.69% 0.08
J.Cash flow ratio
32

ALBARAKA BANK (PAKISTAN) LTD.
Items 2014 2015
1.Share capital 8,935,200 8,935,200
2.Reserves 111,259 159,348
4.Others (821,166) (686,001)
1.Bills payable 679,810 883,698

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
(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

4.Investments 19,560,668 17,358,401
5.Gross advances 49,834,281 50,548,142
9.Fixed assets 2,667,194 2,671,911
4.Provisions and write-offs 85,244 (125,442)
9.Profit/(loss) before taxation 216,588 406,609
10.Profit/(loss) after taxation 145,923 240,446
E.Other items
1.Spread (D3/D1) 32.47% 39.53%
G.Liquidity ratios

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%

4.NPLs write off to NPLs provisions (D4/C7) 3.03% -4.32%
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) -124.38 4.70
33

ALLIED BANK LTD.
Items 2014 2015
1.Share capital 11,450,739 11,450,739
2.Reserves 13,549,355 15,102,026
4.Others 18,836,540 21,287,810
1.Bills payable 4,831,801 4,942,189
4.Investments 428,790,733 544,349,490
5.Gross advances 325,824,966 340,769,406

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
(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

9.Fixed assets 26,285,358 28,062,325
E.Other items
2.Cash dividend 0.65% 0.01
1.Spread (D3/D1) 42.07% 50.11%
3.Return on equity (ROE) (D10/A) 0.24 22.25%
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.05 6.13%
4.Deposits to total assets (B3/C) 0.79 74.08%

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%

J.Cash flow ratio
34

ASKARI BANK LTD.
Items 2014 2015
1.Share capital 12,602,602 12,602,602
2.Reserves 4,823,738 6,445,888
4.Others 4,418,498 5,041,139
1.Bills payable 6,855,020 6,094,885
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
9.Fixed assets 7,194,218 8,252,112

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
(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

E.Other items
1.Spread (D3/D1) 34.37% 40.72%
4.Return on assets (ROA) (D10/C) 0.01 0.94%
G.Liquidity ratios
5.Total liabilities to total assets (B/C) 0.95 94.99%
J.Cash flow ratio
35
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

BANK AL-HABIB LTD.
Items 2014 2015
1.Share capital 11,114,254 11,114,254
2.Reserves 8,760,911 10,329,659
4.Others 5,073,696 6,158,825
1.Bills payable 7,984,808 8,665,462
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
9.Fixed assets 13,800,576 15,704,852
E.Other items
1.Spread (D3/D1) 43.33% 49.34%

(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%

G.Liquidity ratios
2.Investment to total assets (C4/C) 0.57 55.73%
J.Cash flow ratio
36

BANK ALFALAH LTD.
Items 2014 2015
1.Share capital 15,872,427 15,898,062
2.Reserves 12,338,026 14,164,120
4.Others 6,995,241 10,928,397

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
(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

1.Bills payable 11,758,155 9,733,929
4.Investments 324,319,454 423,099,734
5.Gross advances 304,848,047 350,351,198
9.Fixed assets 14,962,088 16,202,597
E.Other items
1.Spread (D3/D1) 0.40 0.47
7.Markup/interest expense to markup/interest income (D2/D1) 0.61 0.53
G.Liquidity ratios

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%

3.NPLs to shareholders equity (C6/A) 51.32% 0.44
J.Cash flow ratio
37

BANKISLAMI PAKISTAN LTD.
Items 2014 2015
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
1.Bills payable 918,435 1,523,933
2.Borrowings from financial institutions 561,000 3,197,770
4.Investments 30,654,552 35,885,958
5.Gross advances 41,698,116 82,361,147

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
(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

9.Fixed assets 3,340,971 2,525,949
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
4.Cash generated from operating activities 809,455 (28,172,106)
1.Spread (D3/D1) 42.92% 42.06%
3.Return on equity (ROE) (D10/A) 5.04% -1.89%
4.Return on assets (ROA) (D10/C) 0.31% -0.11%
8.Admin. expense to profit before tax. (D8/D9) (times) 7.37 -18.49
11.Earning per share (D10/E1) 0.54 -0.19
G.Liquidity ratios
4.NPLs write off to NPLs provisions (D4/C7) 0.03 -4.62%

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%

5.Provision against NPL to NPLs (C7/C6) 0.57 89.63%
1.Capital ratio (A/C) 0.06 5.94%
J.Cash flow ratio
38

DUBAI ISLAMIC BANK PAKISTAN LTD.
Items 2014 2015
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
1.Bills payable 1,250,385 1,552,219
4.Investments 18,258,604 23,822,256
5.Gross advances 60,350,331 106,650,974
9.Fixed assets 1,751,032 1,842,705

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
(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

E.Other items
1.Spread (D3/D1) 54.36% 53.11%
9.Non-markup/interest expense to total income D7/(D1+D6) 46.17% 0.50
G.Liquidity ratios
J.Cash flow ratio
39
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

FAYSAL BANK LTD.
Items 2014 2015
1.Share capital 10,432,697 11,997,601
2.Reserves 5,703,155 6,422,761
4.Others 4,470,358 4,293,781
1.Bills payable 5,347,774 6,009,238
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
9.Fixed assets 9,254,474 9,439,875
E.Other items

(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

1.Spread (D3/D1) 42.81% 43.19%
G.Liquidity ratios
J.Cash flow ratio
40

HABIB BANK LTD.
Items 2014 2015
1.Share capital 14,668,525 14,668,525
2.Reserves 40,704,933 44,553,993

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
(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

4.Others 20,786,445 22,695,244
1.Bills payable 21,955,683 27,942,101
4.Investments 897,573,967 1,236,415,888
5.Gross advances 616,244,798 666,372,114
9.Fixed assets 24,031,198 28,363,131
E.Other items
1.Spread (D3/D1) 49.54% 55.08%

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

G.Liquidity ratios
3.Advances net of provisions to total assets (C8/C) 31.39% 0.29
J.Cash flow ratio
41

HABIB METROPOLITAN BANK LTD.
Items 2014 2015
1.Share capital 10,478,315 10,478,315
2.Reserves 11,178,823 12,710,010
4.Others 4,550,448 3,707,846
1.Bills payable 5,201,482 6,344,461
4.Investments 221,761,162 281,134,589

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
(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

5.Gross advances 150,739,188 150,076,425
9.Fixed assets 3,024,588 3,124,779
E.Other items
1.Spread (D3/D1) 34.66% 39.03%
G.Liquidity ratios
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.44 34.51%

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%

J.Cash flow ratio
42

JS BANK LTD.
Items 2014 2015
1.Share capital 10,724,642 10,724,643
2.Reserves (91,694) 313,415
4.Others 1,375,822 2,400,753
1.Bills payable 1,380,020 1,609,425
4.Investments 84,257,568 116,029,825
5.Gross advances 64,491,947 79,389,361
9.Fixed assets 2,066,106 2,805,591

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
(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

E.Other items
1.Spread (D3/D1) 34.68% 36.47%
G.Liquidity ratios
5.Provision against NPL to NPLs (C7/C6) 0.73 0.91
J.Cash flow ratio
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

43

MCB BANK LTD.
Items 2014 2015
1.Share capital 11,130,307 11,130,307
2.Reserves 48,830,005 51,309,081
4.Others 23,195,887 24,615,865
1.Bills payable 16,627,700 11,888,776
C.Total assets (C1 to C4 + C8 to C10) 934,631,484 1,004,410,140
4.Investments 511,137,192 565,695,932
5.Gross advances 322,317,993 322,528,511
9.Fixed assets 30,498,145 29,302,881
4.Provisions and write-offs (1,941,037) 503,341
E.Other items

(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

1.Spread (D3/D1) 56.31% 61.34%
G.Liquidity ratios
4.NPLs write off to NPLs provisions (D4/C7) -10.35% 2.73%
J.Cash flow ratio
44

MCB ISLAMIC BANK LTD
Items 2015 2016
1.Share capital 10,000,000 10,000,000

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
2.Reserves 10,461 26,444
4.Others (31,862) 171,342
1.Bills payable 89,864 447,776
4.Other/misc. liabilities 6,733,333 785,458
1.Cash and balances with treasury banks 698,123 1,509,804
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
9.Fixed assets 1,192,382 1,728,933
10.Other/misc. assets 180,310 675,870
1.Markup/interest earned 376,295 1,526,778
2.Markup/interest expensed 101,057 576,544
5.Net markup/interest income after provisions 235,337 1,044,371
7.Non-markup/interest expenses 202,774 1,189,562
8.Administrative expenses 200,698 1,187,266
E.Other items
1.Spread (D3/D1) 73.14% 62.24%

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%
G.Liquidity ratios
2.Investment to total assets (C4/C) 0.22 0.20
3.NPLs to shareholders equity (C6/A) 0.00 0.00
5.Provision against NPL to NPLs (C7/C6) - -
J.Cash flow ratio
45

MEEZAN BANK LTD.
Items 2014 2015
1.Share capital 10,027,379 10,027,379
2.Reserves 7,288,754 8,587,363
4.Others 615,610 790,326
1.Bills payable 5,619,826 6,560,324

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
(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

4.Investments 114,089,252 146,304,897
5.Gross advances 183,285,548 215,775,663
9.Fixed assets 8,273,239 8,056,743
E.Other items
1.Spread (D3/D1) 46.39% 55.01%
G.Liquidity ratios

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%

J.Cash flow ratio
46

SAMBA BANK LTD.
Items 2014 2015
1.Share capital 10,082,387 10,082,387
2.Reserves 212,640 298,760
4.Others 487,614 646,633
1.Bills payable 308,894 492,159
4.Investments 19,953,205 44,726,421
5.Gross advances 23,916,363 26,259,641
9.Fixed assets 800,890 1,323,670

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
(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

4.Provisions and write-offs (99,358) 21,540
E.Other items
1.Spread (D3/D1) 39.25% 39.18%
G.Liquidity ratios
6.Gross advances to deposits (C5/B3) 75.58% 0.68
J.Cash flow ratio

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

47

SILKBANK LIMITED
Items 2014 2015
1.Share capital 28,916,048 77,998,099
2.Reserves 180,134 180,134
4.Others (11,151,232) (52,266,655)
1.Bills payable 2,153,091 2,413,342
4.Investments 18,105,414 35,512,864
5.Gross advances 64,417,139 67,045,340
9.Fixed assets 4,563,290 4,496,648
9.Profit/(loss) before taxation 131,415 (1,839,702)
10.Profit/(loss) after taxation 86,860 (1,711,605)
E.Other items

26.15 4.01 -24.45
(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

1.Spread (D3/D1) 0.37 0.35
G.Liquidity ratios
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times) 17.73 -8.63
48

SONERI BANK LTD.
Items 2014 2015
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
(Thousand Rupees)
2016 2017 2018
1.Share capital 11,024,636 11,024,636
2.Reserves 933,911 1,049,465
4.Others 1,930,495 1,854,624
1.Bills payable 2,779,715 2,751,084
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
9.Fixed assets 5,013,968 4,956,732
E.Other items
1.Spread (D3/D1) 37.15% 41.47%
2.Net markup/interest margin (D1-D2)/C 2.95% 0.03

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%

G.Liquidity ratios
J.Cash flow ratio
49

STANDARD CHARTERED BANK (PAKISTAN) LTD.
Items 2014 2015
1.Share capital 38,715,850 38,715,850
2.Reserves 8,989,320 10,847,005
4.Others 6,258,979 6,934,290
1.Bills payable 5,563,605 11,401,191

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
(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

4.Investments 189,678,370 231,837,351
5.Gross advances 155,633,591 130,370,154
9.Fixed assets 6,282,553 5,963,952
E.Other items
1.Spread (D3/D1) 60.66% 67.73%
G.Liquidity ratios

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%

1.Capital ratio (A/C) 0.13 0.12
J.Cash flow ratio
50

SUMMIT BANK LTD.
Items 2014 2015
1.Share capital 10,779,796 10,779,796
2.Reserves 7,897,041 7,440,485
4.Others 1,344,213 1,158,584
1.Bills payable 1,531,639 2,728,797
4.Investments 45,497,115 78,192,065
5.Gross advances 77,804,045 83,098,916
9.Fixed assets 7,283,654 9,321,873

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
(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

E.Other items
1.Spread (D3/D1) 24.69% 28.48%
G.Liquidity ratios

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

J.Cash flow ratio
51

UNITED BANK LTD.
Items 2014 2015
1.Share capital 12,241,798 12,241,798
2.Reserves 34,130,131 38,402,303
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
3.Deposits and other accounts 895,083,053 1,051,235,170
4.Investments 497,334,002 719,518,093
5.Gross advances 479,998,320 497,031,910
9.Fixed assets 29,067,930 30,641,032
E.Other items
13.53 15.28 15.28
-5.75 -6.47 -6.47
(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.Spread (D3/D1) 54.35% 59.18%
G.Liquidity ratios
J.Cash flow ratio
52

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

Specialized Banks - Overall
Items 2014 2015
1.Share capital 16,853,159 16,853,192
2.Reserves 11,378,346 12,454,959
4.Others 97,992,358 47,151,416
1.Bills payable 652,922 494,597
4.Investments 33,993,017 26,307,614
5.Gross advances 139,349,998 159,395,469
9.Fixed assets 6,355,719 6,889,399
4.Provisions and write-offs 1,429,018 (514,517)
E.Other items
1.Spread (D3/D1) 82.79% 67.96%

(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

G.Liquidity ratios
4.Deposits to total assets (B3/C) 17.75% 0.21
J.Cash flow ratio
53

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
4.Others 365,326 43,917
3.Deposits and other accounts 155,757 165,002

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
(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

1.Cash and balances with treasury banks 41,269 45,299
4.Investments 1,058,537 489,703
5.Gross advances 6,018,848 5,890,949
8.Advances net of provision (C5-C7) 9,712 9,845
9.Fixed assets 49,443 49,268
1.Markup/interest earned 173,553 121,523
4.Provisions and write-offs (144,065) (38,549)
E.Other items
1.No. of ordinary shares (000) 0 0
4.Cash generated from operating activities (6,021) (1,017,313)
5.Commitments and contigencies 132,441 132,383
1.Spread (D3/D1) 88.92% 81.79%
3.Return on equity (ROE) (D10/A) -1.36% -2.87%
11.Earning per share (D10/E1) 7333400.00 -
G.Liquidity ratios

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%

3.NPLs to shareholders equity (C6/A) -22.25% -22.38%
4.NPLs write off to NPLs provisions (D4/C7) -0.02 -0.66%
1.Capital ratio (A/C) -637.37% -639.69%
2.Commitments & contingencies to total equity (E5/A) (times) 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 profit after tax (E4/D10) (times) -0.02 -1.35
54

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
4.Others 63,003 53,489
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
9.Fixed assets 130,415 119,002

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
(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

9.Profit/(loss) before taxation (378,331) (274,570)
10.Profit/(loss) after taxation (387,073) (282,157)
E.Other items
1.Spread (D3/D1) 31.21% 38.14%
3.Return on equity (ROE) (D10/A) -0.62 -93.17%
4.Return on assets (ROA) (D10/C) -0.07 -3.27%
8.Admin. expense to profit before tax. (D8/D9) (times) -1.58 -2.35
11.Earning per share (D10/E1) -1.62 -1.18
G.Liquidity ratios
4.NPLs write off to NPLs provisions (D4/C7) 1.47% -0.01

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

J.Cash flow ratio
55

THE PUNJAB PROVINCIAL COOPERATIVE BANK LTD.
Items 2014 2015
1.Share capital 1,938,210 1,938,243
2.Reserves 6,581,685 6,603,774
4.Others 4,598,141 4,726,591
2.Borrowings from financial institutions 0 0
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
9.Fixed assets 4,594,887 4,619,964
4.Provisions and write-offs 0 0

581.99 -16.56 -16.56
0.03 -1.70 -1.70
627.85 -13.15 -13.15
-2.55 -6.77 -6.77
(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

E.Other items
4.Cash generated from operating activities 1,516,968 301,375
1.Spread (D3/D1) 90.78% 88.66%
G.Liquidity ratios
5.Total liabilities to total assets (B/C) 36.27% 0.40
4.NPLs write off to NPLs provisions (D4/C7) 0.00 0.00
3.Break up value per share (A/E1) 354.10 1,572.71
J.Cash flow ratio
56
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

ZARAI TARAQIATI BANK LTD. (ZTBL)
Items 2014 2015
1.Share capital 12,522,441 12,522,441
2.Reserves 4,590,135 5,644,659
4.Others 92,965,888 42,327,419
1.Bills payable 561,964 346,059
4.Investments 29,337,315 19,765,649
5.Gross advances 115,495,766 134,692,046
9.Fixed assets 1,580,974 2,101,165
4.Provisions and write-offs 1,494,987 (413,101)
E.Other items
1.Spread (D3/D1) 84.51% 67.05%

(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%

G.Liquidity ratios
J.Cash flow ratio
57

Foreign Banks - Overall
Items 2014 2015
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

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
(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

4.Investments 126,977,403 173,356,139
5.Gross advances 62,537,377 40,716,541
9.Fixed assets 1,073,330 1,506,651
E.Other items
2.Commitments and contingencies 627,126,378 845,320,790
F.Efficiency ratios/Profitability ratios
1.Spread (D3/D1) 57.39% 47.57%
6.Net markup/Interest income (after prov.) to total assets(D5/C) 4.27% 2.93%
8.Admin expense to profit before tax.(D8/D9) (times) 0.99 0.45
10.Admin. exp. to non-markup/interest income (D8/D6) (times) 2.28 0.64
G.Liquidity ratios
3.Advances net of provision to total assets (C8/C) 24.27% 14.39%
4.Deposits to total assets ( B3/C) 45.23% 0.41
6.Gross advances to deposit (C5/B3) 58.17% 38.45%

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

2.Provision against NPLs to gross advances (C7/C5) 7.75% 7.81%
4.NPLs write off to NPLs provision (D4/C7) -0.62% -16.02%
I.Capital/leverage ratios
J.Cash flow ratio
58
Financial Statement Analysis of Financial Sector 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
1.Markup/interest earned 0
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
(478,310)
8,299,459
7,227,913
1,071,546
14,764,244
7,238,142
10,726
276,244
6,569,934
133,900
133,900
232,280
303,018
369,276
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
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) -
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) -
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
345,662
23,614
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
CITI BANK N. A.
Items 2014 2015
2.Reserves 156,327 164,791
3.Unremitted profit 3,056,648 3,602,788
4.Others 508,383 186,318
1.Bills payable 1,564,744 1,766,257
4.Investments 39,326,537 48,585,117
5.Gross advances 31,621,083 24,460,487
9.Fixed assets 355,154 458,331
E.Other items
1.Spread (D3/D1) 58.58% 60.63%

(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%

G.Liquidity ratios
3.Advances net of provision to total assets (C8/C) 0.35 24.13%
4.Deposits to total assets ( B3/C) 59.25% 69.65%
4.NPLs write off to NPLs provision (D4/C7) -3.76% -5.68%
J.Cash flow ratio
60

DEUTSCHE BANK AG
Items 2014 2015
2.Reserves 0 0
4.Others 16,837 0
1.Bills payable 629,787 942,655
2.Borrowings from financial institutions 860,407 11,113

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
(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

4.Investments 842,929 0
5.Gross advances 7,033,875 6,667,252
9.Fixed assets 304,984 324,115
2.Markup/interest expenses 725,537 442,887
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)
1.Spread (D3/D1) 52.95% 67.68%
G.Liquidity ratios

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%

4.NPLs write off to NPLs provision (D4/C7) 0.10 -311.22%
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) -7.21 -0.10
61

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD.
Items 2014 2015
2.Reserves 0 0
4.Others 35,401 (2,318)
4.Investments 63,074,604 124,771,022
5.Gross advances 6,087,050 6,999,406
7.Provision against advances 0 0
9.Fixed assets 183,341 662,763
10.Other/misc. assets 850,823 1,492,006

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
(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

6.Non-markup/interest income (1,209,327) 1,734,741
E.Other items
1.Spread (D3/D1) 0.77 34.65%
5.Non-markup/interest income to total assets (D6/C) -1.59% 1.24%
7.Markup/interest expense to markup/interest income (D2/D1) 0.23 65.35%
10.Admin. exp. to non-markup/interest income (D8/D6) (times) -0.76 0.82
G.Liquidity ratios
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) - -
J.Cash flow ratio
62
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

MUFG Bank Ltd.
Items 2014 2015
2.Reserves 0 0
3.Unremitted profit 115,668 161,693
4.Others 0 0
4.Investments 0 0
5.Gross advances 2,257,101 2,589,396
9.Fixed assets 70,537 61,442
E.Other items
1.Cash generated from operating activities (313,418) 201,179
1.Spread (D3/D1) 19.28% 0.19

(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%

7.Markup/interest expense to markup/interest income (D2/D1) 80.72% 0.81
G.Liquidity ratios
4.Deposits to total assets ( B3/C) 0.42 48.26%
6.Gross advances to deposit (C5/B3) 0.69 49.57%
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) -11.53 4.44
63

DFIs - Overall
Items 2014 2015
1.Share capital 45,408,180 46,008,180
2.Reserves 9,087,130 10,393,506
4.Others 3,732,239 3,932,799
1.Bills payable 0 0

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
(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

4.Investments 101,119,743 107,504,887
5.Gross advances 46,794,241 53,274,895
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
2.markup/interest expensed 6,413,521 5,927,632
E.Other items
1.Spread (D3/D1) 43.04% 48.35%
6.Net markup/interest income(after provisions) to total assets(D5/C) 0.03 2.71%
7.Markup/interest expenses to markup/interest income (D2/D1) 56.96% 51.65%
8.Admin. expenses to profit before tax. (D8/D9) (times) 0.33 0.33
9.Non-markup/interest expenses to total income D7/(D1+D6) 0.16 0.16
10.Admin. expenses to non-markup/interest income (D8/D6) (times) 0.50 0.45
G.Liquidity ratios

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%

4.Total deposits to total equity (B3/A) (times) 0.22 0.17
J.Cash flow ratio
66

PAIR INVESTMENT CO. LTD. (FORMERLY PAK-IRAN JOINT
Items 2014 2015
1.Share capital 6,000,000 6,000,000
2.Reserves 553,966 673,449
4.Others 176,037 129,863
1.Bills payable 0 0
3.Deposits and other accounts 386,060 1,890,502
4.Investments 14,114,870 18,807,372
5.Gross advances 4,463,459 4,410,476
7.Provisions against advances 871,281 907,528
9.Fixed assets 210,352 191,311
2.markup/interest expensed 508,046 627,125

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
(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

E.Other items
5.Commitments and contigencies 8,618,704 517,936
1.Spread (D3/D1) 58.81% 58.46%
G.Liquidity ratios
J.Cash flow ratio
(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

67

PAK BRUNEI INVESTMENT COMPANY LTD.
Items 2014 2015
1.Share capital 6,000,000 6,000,000
2.Reserves 878,000 1,065,388
4.Others 150,679 (40,121)
1.Bills payable 0 0
4.Investments 24,192,538 16,765,721
5.Gross advances 7,396,146 10,400,053
9.Fixed assets 37,204 49,584
E.Other items

(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

4.Cash generated from operating activities (3,973,693) (7,172,070)
1.Spread (D3/D1) 18.81% 30.42%
6.Net markup/interest income(after provisions) to total assets(D5/C) 1.44% 0.01
G.Liquidity ratios
2.Provision against NPLs to gross advances (C7/C5) 0.04% 0.02
J.Cash flow ratio
68

PAK CHINA INVESTMENT CO. LTD.
Items 2014 2015

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
(Thousand Rupees)
2016 2017 2018
14,000,932 14,668,324 15,278,259

1.Share capital 9,116,400 9,116,400
2.Reserves 729,568 854,267
4.Others 185,913 175,763
1.Bills payable 0 0
3.Deposits and other accounts 250,000 0
4.Investments 11,288,944 12,091,247
5.Gross advances 6,554,094 6,353,733
9.Fixed assets 199,423 183,466
E.Other items
1.Spread (D3/D1) 83.49% 0.74
7.Markup/interest expenses to markup/interest income (D2/D1) 16.51% 0.26

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

G.Liquidity ratios
6.Gross advances to deposits (C5/B3) 2621.64% -
J.Cash flow ratio
69

PAK KUWAIT INVESTMENT CO. (PVT) LTD.
Items 2014 2015
1.Share capital 6,000,000 6,000,000
2.Reserves 5,200,005 5,748,570
4.Others 1,103,639 889,086
1.Bills payable 0 0

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
(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

4.Investments 20,901,562 22,142,622
5.Gross advances 4,362,535 6,618,230
9.Fixed assets 188,609 169,034
E.Other items
1.Spread (D3/D1) 0.56 0.70
7.Markup/interest expenses to markup/interest income (D2/D1) 0.44 0.30
11.Earning per share (D10/E1) 11157.00 7,618.96
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C 0.00 0.00
7.Gross advances to borrowing & deposits C5/(B2+B3) 1.10 102.98%

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%

3.Break up value per share (A/E1) 77133.50 82,195.03
J.Cash flow ratio
70

PAK LIBYA HOLDING COMPANY LTD.
Items 2014 2015
1.Share capital 6,141,780 6,141,780
2.Reserves 82,855 143,860
4.Others 17,842 20,794
1.Bills payable 0 0
4.Investments 7,703,305 10,922,328
5.Gross advances 6,269,304 5,810,534
9.Fixed assets 87,907 69,960

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
(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

E.Other items
1.Spread (D3/D1) 23.93% 25.98%
4.Return on assets (ROA) (D10/C) 1.87% 0.02
G.Liquidity ratios
4.NPLs write off to NPLs provisions (D4/C7) -5.33% -2.36%

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

J.Cash flow ratio
71

PAK OMAN INVESTMENT COMPANY LTD.
Items 2014 2015
1.Share capital 6,150,000 6,150,000
2.Reserves 722,810 843,304
4.Others 293,446 394,883
1.Bills payable 0 0
4.Investments 12,179,521 14,073,356
5.Gross advances 9,964,228 10,907,725
9.Fixed assets 68,669 82,316
E.Other items

4.88 -110.51 -15.44
(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

1.Spread (D3/D1) 35.73% 39.51%
G.Liquidity ratios
J.Cash flow ratio
72

SAUDI PAK INDUSTRIAL & AGRI. INV CO. (PVT) LTD.
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
(Thousand Rupees)
Items 2014 2015
1.Share capital 6,000,000 6,600,000
2.Reserves 919,926 1,064,668
4.Others 1,804,683 2,362,531
1.Bills payable 0 0
4.Investments 10,739,003 12,702,241
5.Gross advances 7,784,475 8,774,144
9.Fixed assets 2,255,080 2,738,966
9.Profit/(loss) before taxation 1,402,419 991,996
10.Profit/(loss) after taxation 1,158,832 732,268
E.Other items
5.Commitments and contigencies 1,519,658 534,967
1.Spread (D3/D1) 50.36% 49.53%

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%

G.Liquidity ratios
J.Cash flow ratio
All Microfinance Banks - Overall

Items 2014 2015
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)
4.Investments 14,565,967 13,520,656
5.Gross advances 36,892,137 55,351,880

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

9.Fixed assets 2,526,436 3,557,475
E.Other items
1.Spread (D3/D1) 70.32% 73.29%
G.Liquidity ratios

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%

J.Cash flow ratio
76

ADVANS PAKISTAN MICROFINANCE BANK LTD
Items 2014 2015
1.Share capital 800,000 800,000
2.Reserves 0 0
4.Others 21,149 16,924
B.Total liabilities(B1 to B4) 51,365 76,180
1.Bills payable 0 0
C.Total assets (C1 to C4 + C8 to C10) 619,824 562,748
4.Investments 147,084 0
5.Gross advances 102,610 201,748
9.Fixed assets 78,396 79,583
2.Markup/interest expensed 517 552

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
(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

E.Other items
4.Cash generated from operating activities (205,579) (175,047)
5.Commitments and contigencies 15,946 0
1.Spread (D3/D1) 99.21% 99.34%
4.Return on assets (ROA) (D10/C) -14.34% 0.14
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.09 10.09%
9.Non-markup/interest expense to total income D7/(D1+D6) 193.72% 2.07
G.Liquidity ratios
J.Cash flow ratio
77
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

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
4.Others (366,402) (924,771)
4.Investments 190,767 257,598
5.Gross advances 798,673 2,654,416
8.Advances net of provision (C5-C7) 766,138 2,588,423
9.Fixed assets 93,726 351,136
E.Other items
4.Cash generated from operating activities (84,399) 1,189,850
5.Commitments and contigencies 0 0

(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
1.Spread (D3/D1) 67.02% 58.08%
G.Liquidity ratios
J.Cash flow ratio
78

FINCA MICROFINANCE BANK LIMITED
Items 2014 2015
1.Share capital 4,731,980 6,348,887
2.Reserves 35,505 68,843

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
(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.Others (2,930,113) (4,052,815)
4.Investments 447,527 1,039,196
5.Gross advances 4,028,415 5,478,758
9.Fixed assets 582,647 776,652
3.Net markup/interest income 885,879 1,365,085
E.Other items
4.Cash generated from operating activities 202,113 162,476
1.Spread (D3/D1) 71.03% 71.86%

(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

G.Liquidity ratios
J.Cash flow ratio
79

KHUSHHALIBANK LIMITED
Items 2014 2015
1.Share capital 1,705,000 1,705,001
2.Reserves 446,042 610,874
4.Others 764 17,301
4.Other/misc. liabilities 930,854 1,228,651
4.Investments 836,886 1,847,825

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
(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

5.Gross advances 12,238,252 17,466,883
9.Fixed assets 322,920 548,979
2.Markup/interest expensed 809,557 1,219,287
E.Other items
1.Spread (D3/D1) 74.13% 72.33%
G.Liquidity ratios

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%

J.Cash flow ratio
80

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
4.Others (683) 600
1.Bills payable 0 0
4.Investments 326,780 125,272
5.Gross advances 500,402 1,350,315
8.Advances net of provision (C5-C7) 497,812 1,342,557
9.Fixed assets 220,961 289,235

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
(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

6.Non-markup/interest income 1,404,855 531,145
E.Other items
4.Cash generated from operating activities 218,396 1,340,928
1.Spread (D3/D1) 86.58% 84.51%
4.Return on assets (ROA) (D10/C) -4.21% -0.76%
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.08 0.06
G.Liquidity ratios
5.Provision against NPL to NPLs (C7/C6) 370.00 -
J.Cash flow ratio
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

81

NRSP MICROFINANCE BANK LTD.
Items 2014 2015
1.Share capital 1,498,372 1,498,372
2.Reserves 128,840 220,782
4.Others 85,375 70,860
1.Bills payable 0 0
4.Investments 3,971,191 2,151,133
5.Gross advances 5,192,071 9,085,508
9.Fixed assets 222,810 221,427
E.Other items
4.Cash generated from operating activities 1,009,488 (1,626,614)

(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)

1.Spread (D3/D1) 54.19% 63.92%
G.Liquidity ratios
J.Cash flow ratio
82

PAK OMAN MICROFINANCE BANK LIMITED
Items 2014 2015
1.Share capital 1,151,820 1,151,820

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
(Thousand Rupees)
2016 2017 2018
1,069,551 2,253,153 2,307,421
1,151,820 2,308,300 2,308,300

2.Reserves 7,395 7,066
4.Others (373) 1,993
1.Bills payable 0 0
4.Investments 79,087 105,195
9.Fixed assets 21,928 37,085
E.Other items
5.Commitments and contigencies 1,328 0
1.Spread (D3/D1) 99.79% 99.85%

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%

G.Liquidity ratios
J.Cash flow ratio
83

SINDH MICROFINANCE BANK
Items 2015 2016
1.Share capital 750,000 750,000
2.Reserves 3,042 5,535
4.Others 0 1,384
1.Bills payable 0 0
3.Deposits and other accounts 0 1,139
C.Total assets (C1 to C4 + C8 to C10) 767,643 780,693
1.Cash and balances with treasury banks 10 517

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
4.Investments 0 0
5.Gross advances 0 69,351
8.Advances net of provision (C5-C7) 0 68,657
9.Fixed assets 2,524 7,400
6.Non-markup/interest income 0 16
E.Other items
4.Cash generated from operating activities 8,673 (67,944)
1.Spread (D3/D1) 1.00 1.00
5.Non-markup/interest income to total assets (D6/C) 0.00 0.00
10.Admin. expense to non-markup/interest income

- (D8/D6) (times) 2,461.88
G.Liquidity ratios
6.Gross advances to deposits (C5/B3) - 6088.76%
7.Gross advances to borrowing & deposit C5/(B2+B3)

- 6088.76%

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%
1.Non-performing loan to gross advances (C6/C5)
- 0.00
2.Provisions against NPLs to gross advances (C7/C5)

- 0.01
4.NPLs write off to NPLs provisions (D4/C7) - 1.00
J.Cash flow ratio
84

TELENOR MICROFINANCE BANK
Items 2014 2015
1.Share capital 1,346,939 1,346,939
2.Reserves 828,142 1,050,952
4.Others 22,009 30,496
1.Bills payable 0 0
4.Investments 3,775,640 3,784,189
5.Gross advances 8,981,390 12,186,090
9.Fixed assets 556,761 645,474

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
(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

E.Other items
1.Spread (D3/D1) 74.92% 81.08%
G.Liquidity ratios
7.Gross advances to borrowing & deposit C5/(B2+B3) 71.85% 0.77
J.Cash flow ratio

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

85

THE FIRST MICROFINANCE BANK LIMITED
Items 2014 2015
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
1.Bills payable 28,328 0
4.Investments 4,273,049 4,029,765
5.Gross advances 4,479,999 5,639,743
9.Fixed assets 205,717 382,967
E.Other items

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

1.Spread (D3/D1) 64.35% 69.82%
G.Liquidity ratios
J.Cash flow ratio
86

U MICROFINANCE BANK LTD.
Items 2014 2015
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
(Thousand Rupees)
2016 2017 2018
1.Share capital 1,185,714 1,285,714
2.Reserves 2,042 4,049
4.Others (10,817) (26,710)
B.Total liabilities(B1 to B4) 875,260 1,222,867
4.Investments 517,956 180,483
6.Advances-non-performing/classified 267 4,230
9.Fixed assets 220,570 222,413
E.Other items
1.Spread (D3/D1) 88.56% 77.22%

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%

G.Liquidity ratios
7.Gross advances to borrowing & deposit C5/(B2+B3) 49.32% 0.86
J.Cash flow ratio
Leasing Companies - Overall

Items 2014 2015
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 institutions 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

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

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
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
E.Other items
3.Stock dividend N/A N/A
2.Return on capital employed (ROCE) (D8/(C-B2)) 3.55% 3.21%
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. (D7/D9) (times) 2.09 2.05
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 3.83% 3.92%
2.Net investment in finance lease to total assets (C1a/C) 39.88% 64.36%
3.Current assets to current liabilities (C2/B2) (times) 1.15 1.26
4.Total liabilities to total assets (B/C) (times) 0.85 0.85
H.Capital /leverage ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) -0.81 -1.99
2.Cash generated from operating activities to current liabilities (E4/B2) (times) -0.03 -0.09
91
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

Capital Assets Leasing Corporation Ltd.
Items 2014 2015
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 institutions 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
e.Cash & cash equivalent (a + b + c + d) 10,075 9,539
f.Other/misc. current assets 67,199 89,720
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
E.Other items
3.Stock dividend 0.00 0.00
2.Return on capital employed (ROCE) (D8/(C-B2)) 0.13 12.25%

(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%

G.Liquidity ratios
2.Net investment in finance lease to total assets (C1a/C) 0.00 0.00
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) -0.58 0.18
2.Cash generated from operating activities to current liabilities (E4/B2) (times) -0.23 0.06
92

Grays Leasing Ltd.
Items 2014 2015
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.Deposit on finance lease 125,927 22,667
C.Total assets (C1 + C2) 223,833 234,461
a.Net investment in finance lease 217,617 43,913
c.Other/misc. assets 265 63
c.Term deposits certificate 0 0
d.Other money market placements 0 0

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
(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

1.Income from finance lease 9,544 10,667
2.Income from operating lease 0 0
5.Other income 702 319
8.Profit/(loss) before taxation (677) (1,705)
9.Profit/(loss) after taxation (1,075) 102
E.Other items
4.Cash generated from operating activities (745) (3,308)
2.Return on capital employed (ROCE) (D8/(C-B2)) -0.31% -1.72%
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. (D7/D9) (times) -10.43 118.02
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) 0.69 -32.43
93

Orix Leasing Pakistan Ltd.
Items 2014 2015

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
(Thousand Rupees)
2016 2017 2018
4,176,712 4,466,445 7,248,880

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
1.Non-current liabilities (a + b + c) 12,205,291 15,786,074
a.Borrowings from financial and other institutions 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
C.Total assets (C1 + C2) 24,448,714 28,317,647
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
c.Term deposits certificate 1,087,936 1,105,942
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
1.Income from finance lease 1,974,466 2,261,355
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
E.Other items
4.Return on revenue (ROR) (D9/D6) 13.51% 0.16
G.Liquidity ratios
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

I.Cash flow ratio
94

Pak-Gulf Leasing Co. Ltd.
Items 2014 2015
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
C.Total assets (C1 + C2) 1,209,129 1,500,758
1.Non-current assets (a + b + c) 745,552 1,003,035
c.Term deposits certificate 3,073 3,462
2.Income from operating lease 4,721 0

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
(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
5.Other income 5,378 3,648
E.Other items
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 0.02 3.15%
2.Net investment in finance lease to total assets (C1a/C) 51.54% 0.57
I.Cash flow ratio
95

SME Leasing Ltd.
Items 2014 2015
1.Share capital 320,000 320,000
2.Reserves 48,466 48,466
4.Others 2,029 3,103

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
(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
C.Total assets (C1 + C2) 658,384 567,242
2.Income from operating lease 0 0
5.Other income 11,336 189
E.Other items
1.Return on equity (ROE) (D9/A) -5.86% -0.11
4.Return on revenue (ROR) (D9/D6) -0.24 -65.93%
6.Administrative expenses to profit before tax. (D7/D9) (times) -3.44 -2.09
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C) 1.33% 0.01

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

I.Cash flow ratio
96

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
a.Borrowings from financial and other institutions 15,278 0
C.Total assets (C1 + C2) 1,222,502 1,013,667
2.Current assets (e + f) 1,137,992 898,635
f.Other/misc. current assets 1,075,718 806,805
5.Other income 158,009 42,134

31.16% 0.28 21.94%
4.90 4.16 3.49
-1.23 0.29 1.27
0.12 -0.04 -0.13
(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

E.Other items
2.Return on capital employed (ROCE) (D8/(C-B2)) -2.08% 41.77%
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. (D7/D9) (times) 8.12 -0.31
G.Liquidity 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
2.Cash generated from operating activities to current liabilities (E4/B2) (times) 0.11 0.02
97

Security Leasing Corporation Ltd.
Items 2014 2015
1.Share capital 438,028 438,028
2.Reserves 181,867 181,867
4.Others 37,436 33,465
a.Borrowings from financial and other institutions 15,773 272,328

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
(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
c.Other/misc. liabilities 2,265 0
C.Total assets (C1 + C2) 918,950 863,642
c.Term deposits certificate 33,000 0
5.Other income (64,657) 4,123
6.Total income/revenue (D3 to D5) (33,726) 17,550
E.Other items
3.Return on assets (ROA) (D9/C) -14.68% -0.03
5.Lease income to total income (D3/D6) -91.71% 76.51%
6.Administrative expenses to profit before tax. (D7/D9) (times) -0.58 -2.80
G.Liquidity ratios
I.Cash flow ratio

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

2.Cash generated from operating activities to current liabilities (E4/B2) (times) 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
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
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
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
E.Other items
2.Return on capital employed (ROCE) (D5/(C-B1)) -4.42% 0.01
4.Return on revenue (ROR) (D6/D1) -27.99% -28.02%
5.Operating expenses to net income (D2/D6) -289.38% -286.22%
G.Liquidity ratios
3.Long term investment to total assets (C2b/C) 9.12% 7.49%
1.Capital ratio (A/C) -2.38% -3.14%

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%

I.Cash flow ratio
101

Escorts Investment Bank Ltd.
Items 2014 2015
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
2.Non-current liabilities 394,766 290,116
C.Total assets (C1+C2) 1,749,628 1,547,840
a.Fixed assets 114,259 106,882
c.Other non-current assets 187,662 227,789
1.Gross revenue 190,833 217,988
4.Finance cost 4,371 144
E.Other items
4.Cash generated from operating activities 65,486 416
4.Return on revenue (ROR) (D6/D1) -24.09% -16.81%

0.48 1.47 1.45
-0.67 1.24 -11.04
(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%

5.Operating expenses to net income (D2/D6) -256.42% -368.28%
G.Liquidity ratios
I.Cash flow ratio
102

First Credit and Investment Bank
Items 2014 2015
1.Share capital 650,000 650,000
2.Reserves 117,942 122,546
4.Others (10,384) (10,372)
B.Total liabilities (B1 + B2) 98,521 30,214
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
1.Gross revenue 60,453 81,247
4.Finance cost 12,402 9,723
E.Other items

-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
(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

2.Return on capital employed (ROCE) (D5/(C-B1)) 0.62% 0.04
5.Operating expenses to net income (D2/D6) 3045.55% 191.05%
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times) 4.63 2.07
103

First Dawood Investment Bank Ltd.
Items 2014 2015
1.Share capital 1,342,326 1,483,900
2.Reserves 333,745 335,047
4.Others (6,983) (3,298)
2.Non-current liabilities 19 19
C.Total assets (C1+C2) 1,002,891 965,859

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
(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

3.Operating profit (38,198) 4,056
4.Finance cost 49,476 45,528
E.Other items
4.Return on revenue (ROR) (D6/D1) -506.54% 14.18%
5.Operating expenses to net income (D2/D6) -46.84% 642.88%
G.Liquidity ratios
I.Cash flow ratio
104

Invest Capital Investment Bank Ltd.
Items 2014 2015
1.Share capital 2,848,669 2,848,669
2.Reserves (2,022,076) (2,022,076)
4.Others 11,908 7,005
C.Total assets (C1+C2) 1,352,653 1,212,834

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
(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

4.Finance cost 24,654 (8,768)
E.Other items
G.Liquidity ratios
I.Cash flow ratio
105

Security Investment Bank Ltd.
Items 2014 2015

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
(Thousand Rupees)
2016 2017 2018
522,821 579,360 596,350

1.Share capital 514,336 514,336
2.Reserves 145,543 145,543
4.Others (787) (95)
C.Total assets (C1+C2) 546,217 552,336
3.Operating profit 37,917 (25)
E.Other items
5.Operating expenses to net income (D2/D6) 297.06% -9.05
G.Liquidity ratios
I.Cash flow ratio
106
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

Trust Investment Bank Ltd.
Items 2014 2015
1.Share capital 892,029 892,029
2.Reserves 301,828 286,974
4.Others 18,512 0
C.Total assets (C1+C2) 4,161,128 4,454,587
a.Fixed assets 1,494,427 942,462
c.Other non-current assets 9,709 2,056,390
3.Operating profit 21,135 (33,775)
E.Other items
1.Return on equity (ROE) (D6/A) 0.00 -0.87%
G.Liquidity ratios
3.Long term investment to total assets (C2b/C) 0.01 0.47%

(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%

1.Capital ratio (A/C) -38.81% -35.96%
I.Cash flow ratio
Mutual Fund Companies - Overall

Items 2014 2015
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
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
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%

-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%

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%
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 income (G4/F) (time) 0.85 8.01
110

Golden Arrow Selected Stocks Fund Ltd.
Items 2014 2015
1.Certificate holders equity 760,492 760,492
2.Reserves 500 500
3.Unappropriated profit/loss 905,705 983,814
4.Others 0 0
2.Others 85,932 106,243
1.Cash & bank balances 53,271 107,418
2.Investments 1,698,189 1,672,007
3.Others 5,041 79,164
1.Income (a to g) 809,134 634,899
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
3.Brokerage-commission /fee 902 0

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
(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

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.Trading income (D1c/D1) 0.00 0.00
3.Return on revenue (ROR) (F/D1) 90.81% 88.96%
5.Management expenses (E1/E) 47.09% 47.97%
I.Liquidity ratios
Shareholders equity to total assets (A1/C) 0.43 40.92%
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 0.91 0.95
111

PICIC Growth Fund
Items 2014 2015
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
2.Others 706,734 333,011
2.Investments 12,880,629 11,068,652
3.Others 610,498 101,098
1.Income (a to g) 2,252,380 243,037

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
(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)

e.Net unrealized gain/(loss) on investment 591,956 (445,205)
f.Capital gain 1,202,938 262,611
g.Other income 0 0
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
1.Gain ratio (D1c to D1g)/D1 79.69% -75.13%
3.Return on revenue (ROR) (F/D1) 80.86% -57.14%
4.Return on assets (ROA) (F/C) 13.39% -1.18%
7.Earning per share (F/G1) 6.42 -0.49
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 0.65 -12.84
112

PICIC Investment Fund
Items 2014 2015

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
(Thousand Rupees)
2016 2017 2018
3,454,928 4,183,599 3,441,335
2,841,250 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
2.Others 355,207 185,397
2.Investments 5,720,675 4,832,231
3.Others 315,980 40,153
1.Income (a to g) 1,149,650 95,136
e.Net unrealized gain/(loss) on investment 291,433 (239,188)
f.Capital gain 637,059 137,695
g.Other income 0 0
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
1.Gain ratio (D1c to D1g)/D1 80.76% -106.68%
3.Return on revenue (ROR) (F/D1) 0.82 -84.98%
4.Return on assets (ROA) (F/C) 15.43% -1.54%
7.Earning per share (F/G1) 3.33 -0.28
I.Liquidity ratios
Shareholders equity to total assets (A1/C) 0.46 54.24%
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 0.62 -11.11
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

113

Tri-Star Mutual Fund Ltd.
Items 2014 2015
1.Certificate holders equity 50,000 50,000
2.Reserves 0 0
4.Others 0 0
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
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
e.Net unrealized gain/(loss) on investment 0 0
f.Capital gain 14,485 0
g.Other income 1,471 14,485
1.Remuneration to management co-advisor 681 681
2.Remuneration to trustees/custodians 30 30
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
4.Cash generated from operating activities (852) (761)
2.Trading income (D1c/D1) 0.00 52.38%

(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
3.Return on revenue (ROR) (F/D1) 0.93 96.54%
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C) 0.00 0.00
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) -0.06 -0.03
Modaraba Companies - Overall

Items 2014 2015
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
C.Total assets (C1+C2) 30,760,725 31,605,545
a.Cash and banks balances 1,925,675 2,541,897
a.Fixed assets 15,348,488 15,170,986
b.Long-term investments 3,581,736 4,151,469
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
E.Other items
1.No. of certificates (000) 1,062,593 1,165,367

- 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%

4.Return on revenue (D6/D1) 17.13% 17.12%
6.Management expenses (D4/D2) 4.13% 4.17%
7.Earning Per Certificate (D6/E1) 1.37 1.25
G.Liquidity Ratios
2.Break up value per certificate (A/E1) 13.47 13.46
I.Cash flow ratio
117

Allied Rental Modaraba
Items 2014 2015
2.Reserves 1,078,381 1,179,593
3.Unappropriated profit 382,064 317,589
4.Others 439,500 744,188
C.Total assets (C1+C2) 5,356,637 5,933,984
a.Fixed assets 4,709,887 5,178,218
b.Long-term investments 0 0
2.Operating expenses 1,669,589 1,987,050

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
(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

E.Other items
1.No. of certificates (000) 121,875 146,250
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C) 0.00 0.00
I.Cash flow ratio
118

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 - -

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
(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

b.Other current assets - -
2.Non-current assets (a + b + c) - -
a.Fixed assets - -
b.Long-term investments - -
c.Other non-current assets - -
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 - -
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)- -
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) -
119

B.F. Modaraba
Items 2014 2015

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
(Thousand Rupees)
2016 2017 2018
123,742 134,738 130,939

1.Certificate capital 75,152 75,152
2.Reserves 34,511 43,627
3.Unappropriated profit 0 0
4.Others 24,658 29,754
C.Total assets (C1+C2) 136,539 151,723
2.Non-current assets (a + b + c) 202 170
a.Fixed assets 162 130
c.Other non-current assets 40 40
1.Gross revenue(loss) 12,223 15,380
2.Operating expenses 5,486 4,817
4.Modaraba co's management fees 590 1,056
E.Other items
4.Return on revenue (D6/D1) 0.36 59.27%
G.Liquidity Ratios
I.Cash flow ratio
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

120

B.R.R. Guardian Modaraba
Items 2014 2015
2.Reserves 570,987 606,102
3.Unappropriated profit (581,432) (565,047)
4.Others 84,280 169,616
1.Current liabilities 942,029 1,002,524
C.Total assets (C1+C2) 2,305,808 2,206,423
b.Long-term investments 1,241,610 1,156,009
E.Other items
6.Management expenses (D4/D2) 0.05 5.92%
G.Liquidity Ratios
(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

I.Cash flow ratio
121

First Al-Noor Modaraba
Items 2014 2015
2.Reserves 107,456 107,956
3.Unappropriated profit 17,567 (12,886)
4.Others (1,626) 468
C.Total assets (C1+C2) 376,087 359,034
4.Modaraba co's management fees 2,432 0
E.Other items

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
(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

2.Return on capital employed (ROCE) (D5/(C-B1)) 6.03% -4.28%
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
3.Long term investment to total assets (C2b/C) 4.09% 0.09
I.Cash flow ratio
122

First Elite Capital Modaraba
Items 2014 2015
2.Reserves 24,755 28,786
4.Others 0 0
C.Total assets (C1+C2) 196,113 203,341

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
(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
E.Other items
G.Liquidity Ratios
I.Cash flow ratio
123

First Equity Modaraba
Items 2014 2015
2.Reserves 134,700 126,433
4.Others 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
(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

C.Total assets (C1+C2) 686,345 685,606
E.Other items
6.Management expenses (D4/D2) 15.47% 0.06
G.Liquidity Ratios
I.Cash flow ratio
124
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

First Fidelity Leasing Modaraba
Items 2014 2015
2.Reserves 84,706 77,472
4.Others 0 0
C.Total assets (C1+C2) 375,801 367,183
a.Cash and banks balances 10,170 400
4.Modaraba co's management fees 0 0
E.Other items
2.Return on capital employed (ROCE) (D5/(C-B1)) 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

(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

I.Cash flow ratio
125

First Habib Modaraba
Items 2014 2015
2.Reserves 2,200,619 2,248,855
4.Others 0 0
C.Total assets (C1+C2) 5,392,995 6,393,291
a.Fixed assets 2,879,821 3,080,949
b.Long-term investments 616,573 1,029,713
E.Other items

0.12 0.02 1.09
-0.05 -0.01 1.57
(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%

5.Operating expenses to net income (D2/D6) 24.79% 0.24
G.Liquidity Ratios
I.Cash flow ratio
126

First Imrooz Modaraba
Items 2014 2015
2.Reserves 67,941 69,299
4.Others 0 0
C.Total assets (C1+C2) 273,545 292,243

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
(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

E.Other items
G.Liquidity Ratios
I.Cash flow ratio
127

First National Bank Modaraba
Items 2014 2015
2.Reserves 13,701 (108,475)
4.Others 0 0
C.Total assets (C1+C2) 1,700,570 1,248,349
2.Non-current assets (a + b + c) 1,073,392 845,042

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
(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

E.Other items
2.Return on capital employed (ROCE) (D5/(C-B1)) -0.04 -31.07%
4.Return on revenue (D6/D1) -6.13% -27.07%
5.Operating expenses to net income (D2/D6) -70.22% -0.19
7.Earning Per Certificate (D6/E1) -1.37 -4.89
G.Liquidity Ratios
I.Cash flow ratio
128

First Pak Modaraba
Items 2014 2015
2.Reserves 24,717 25,028

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
(Thousand Rupees)
2016 2017 2018
59,811 62,481 62,563
125,400 125,400 125,400
25,068 25,602 26,045

4.Others 0 0
C.Total assets (C1+C2) 67,213 66,693
a.Fixed assets 106 73
E.Other items
4.Return on revenue (D6/D1) -227.66% 22.89%
7.Earning Per Certificate (D6/E1) -1.25 0.12
G.Liquidity Ratios
I.Cash flow ratio
129
(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

First Paramount Modaraba
Items 2014 2015
2.Reserves 64,464 58,110
4.Others 0 0
C.Total assets (C1+C2) 321,068 439,852
E.Other items
5.Operating expenses to net income (D2/D6) 287.61% 4.70
G.Liquidity Ratios

(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

I.Cash flow ratio
130

First Prudential Modaraba
Items 2014 2015
2.Reserves 138,651 144,084
4.Others 0 0
C.Total assets (C1+C2) 484,563 511,971
4.Modaraba co's management fees 0 2,717
E.Other items

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
(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.Return on revenue (D6/D1) -112.15% 0.49
5.Operating expenses to net income (D2/D6) -24.96% 0.75
G.Liquidity Ratios
I.Cash flow ratio
131

First Punjab Modaraba
Items 2014 2015
2.Reserves (247,469) (169,483)
4.Others 0 0
2.Non-current liabilities 1,009,086 825,946
C.Total assets (C1+C2) 1,324,417 1,205,741

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
(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

E.Other items
G.Liquidity Ratios
I.Cash flow ratio
132

First Treet Manufacturing Modaraba
Items 2014 2015
2.Reserves 252,091 313,436
4.Others 43,952 31,135
2.Non-current liabilities 0 169,093
C.Total assets (C1+C2) 1,729,323 2,052,772

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
(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

E.Other items
G.Liquidity Ratios
I.Cash flow ratio
133

First Tri-Star Modaraba
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
(Thousand Rupees)
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 - -
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 - -
1.Return on equity (ROE) (D6/A) - -

- -
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

- -
2.Total liabilities to total assets (B/C) (times) - -
3.Long term investment to total assets (C2b/C)- -
1.Capital ratio (A/C) - -
2.Break up value per certificate (A/E1) - -
I.Cash flow ratio

- after tax. (E4/D6) (times) -
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

- liabilities (E4/B1) (times) -
134

First UDL Modaraba
Items 2014 2015
2.Reserves 215,716 245,665
4.Others 69,336 51,595
C.Total assets (C1+C2) 828,748 867,458
E.Other items

6.77 0.00 -0.12
(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

G.Liquidity Ratios
3.Long term investment to total assets (C2b/C) 0.17 26.93%
I.Cash flow ratio
135

IBL Modaraba
Items 2014 2015
2.Reserves 49,056 47,813
4.Others 0 0
C.Total assets (C1+C2) 223,710 212,441
E.Other items

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
(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

G.Liquidity Ratios
I.Cash flow ratio
136

KASB Modaraba
Items 2014 2015
2.Reserves 72,891 78,469
4.Others 1,224 (98,961)
B.Total liabilities (B1 + B2) 1,015,888 597,494
C.Total assets (C1+C2) 1,305,559 982,728
1.Current assets (a + b) 1,004,538 680,456

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
(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
E.Other items
G.Liquidity Ratios
I.Cash flow ratio
137

Modaraba Al-Mali
Items 2014 2015
2.Reserves 56,583 57,523
4.Others 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
(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
C.Total assets (C1+C2) 208,256 205,712
c.Other non-current assets 42,024 0
3.Operating profit (6,511) 14,239
E.Other items
2.Return on capital employed (ROCE) (D5/(C-B1)) -0.05 3.02%
4.Return on revenue (D6/D1) -194.29% 15.58%
G.Liquidity Ratios
I.Cash flow ratio
138
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

Orix Modaraba
Items 2014 2015
2.Reserves 486,393 525,487
4.Others 0 0
C.Total assets (C1+C2) 6,035,316 5,180,249
a.Fixed assets 4,217,492 3,553,141
3.Operating profit 2,220,677 1,965,969
E.Other items
5.Operating expenses to net income (D2/D6) 0.48 49.02%
G.Liquidity Ratios

(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%

I.Cash flow ratio
139

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
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
1.Return on equity (ROE) (D6/A) - 3.16%

- 3.27%
0.22 19.29% 16.51%
25.92 25.34 25.29
1.16 -2.66 -7.61
0.07 -0.10 -0.22
(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%

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

- 48.81
2.Total liabilities to total assets (B/C) (times) - 0.07
3.Long term investment to total assets (C2b/C)- 4.17%
1.Capital ratio (A/C) - 92.99%
2.Break up value per certificate (A/E1) - 13.03
I.Cash flow ratio

- after tax. (E4/D6) (times) 8.27

- liabilities (E4/B1) (times) 17.14
140

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
1.Gross revenue(loss) - 23,305
2.Operating expenses - 4,502
3.Operating profit - 18,803
4.Modaraba co's management fees - 1,107

-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
(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

5.Profit/(loss) before taxation - 9,591
6.Profit/(loss) after taxation - 9,591
E.Other items
1.No. of certificates (000) - 45,000
4.Cash generated from operating activities - (110,741)
1.Return on equity (ROE) (D6/A) - 2.09%

- 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

- 34.18
2.Total liabilities to total assets (B/C) (times) - 0.04
3.Long term investment to total assets (C2b/C)- 22.26%
1.Capital ratio (A/C) - 96.07%
2.Break up value per certificate (A/E1) - 10.21
I.Cash flow ratio

- after tax. (E4/D6) (times) -11.55

- liabilities (E4/B1) (times) -11.67
141

Trust Modaraba
Items 2014 2015
2.Reserves 8,683 12,059
4.Others 0 0
C.Total assets (C1+C2) 418,230 411,442
a.Cash and banks balances 2,419 827

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
(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

E.Other items
G.Liquidity Ratios
I.Cash flow ratio
Exchange Companies - Overall

Items 2014 2015
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

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

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
b.Other assets 1,432,244 1,619,563
1.Revenue 3,421,099 3,682,493
2.Administrative and general expenses 3,058,141 3,265,310
E.Other items
2.Return on capital employed (ROCE) (D3/C-B1) 4.45% 4.32%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 0.56 58.93%
2.Cuurent assets to current liabilities (C1/B1) (times) 5.25 5.60
I.Cash flow ratios
145

AA Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 230,000 300,000
2.Reserves 0 0
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
(Thousand Rupees)
2016 2017 2018
398,106 408,501 437,722
365,000 395,000 412,000
0 0 0
4.Others 0 14,000
B.Total liabilities (B1 to B2) 234,964 210,642
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
1.Revenue 137,283 156,685
E.Other items
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 39.95% 55.35%
I.Cash flow ratios
146

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

Al-Hameed Int. Money Ex (Pvt) Ltd.
Items 2014 2015
1.Share capital 200,000 200,000
2.Reserves 0 0
4.Others 3,677 3,552
C.Total assets (C1+C2) 234,249 230,664
b.Other assets 4,800 0
1.Revenue 20,237 28,848
4.Profit/(loss) after taxation 529 1,490
E.Other items
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 59.31% 0.58
2.Break up value per share (A/E1) 1,030.45 1,038.52
I.Cash flow ratios
147
(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

Al-Rahim Exchange Co. (Pvt) Ltd.
Items 2014 2015
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
C.Total assets (C1+C2) 207,038 207,385
1.Revenue 11,186 12,640
3.Profit/(loss) before taxation 1,001 878
4.Profit/(loss) after taxation 82 (23)
E.Other items
G.Liquidity ratios
I.Cash flow ratios

(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 -
148

Al-Sahara Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 200,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) (13,686) (1,923)
4.Others 0 0
C.Total assets (C1+C2) 204,061 210,070
1.Revenue 39,723 82,346
E.Other items
2.Return on capital employed (ROCE) (D3/C-B1) -14.25% 6.27%
3.Return on assets (ROA) (D4/C) -13.28% 0.06
G.Liquidity ratios

1.54 1.44 1.11
-6.79 1.61 1.09
(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

I.Cash flow ratios
149

D. D Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 200,500 200,500
2.Reserves - 0
4.Others - 0
C.Total assets (C1+C2) 201,770 213,592
1.Revenue 27,897 30,592
E.Other items
4.Cash generated from operating activities (4,252) (662)
1.Return on equity (ROE) (D4/A) -1.67% -0.01
2.Return on capital employed (ROCE) (D3/C-B1) -1.66% -0.69%

3.35% 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
(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%

G.Liquidity ratios
I.Cash flow ratios
150

Dollar East Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 400,000 600,000
2.Reserves 0 0
4.Others 0 0
C.Total assets (C1+C2) 466,716 698,988
1.Revenue 209,069 272,252
E.Other items

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
(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

G.Liquidity ratios
I.Cash flow ratios
151

Fairdeal Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 200,000 200,000
2.Reserves 0 0
4.Others 0 0
C.Total assets (C1+C2) 194,802 208,027
1.Revenue 42,848 46,481

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
(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

E.Other items
G.Liquidity ratios
I.Cash flow ratios
152

Glaxy Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 210,000 210,000
2.Reserves 0 0
3.Accumulated profit (loss) 1,391 (7,773)
4.Others 0 0
C.Total assets (C1+C2) 212,567 203,895

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
(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

1.Revenue 51,534 78,615
E.Other items
G.Liquidity ratios
I.Cash flow ratios
153

H & H Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 400,000 400,000
2.Reserves 10,900 10,900
4.Others 0 -
C.Total assets (C1+C2) 521,445 547,318

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
(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

b.Other assets 0 5,770
1.Revenue 97,875 103,854
E.Other items
2.Cash dividend 0.00 -
3.Stock dividend/bonus shares 0.00 -
G.Liquidity ratios
I.Cash flow ratios
154

HBL Currency Exchange (Pvt) Ltd.
Items 2014 2015
1.Share capital 400,000 400,000
2.Reserves 0 0

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
(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

4.Others 0 0
C.Total assets (C1+C2) 684,145 799,045
1.Revenue 184,247 191,930
E.Other items
G.Liquidity ratios
I.Cash flow ratios
155

Habib Qatar International Exchange Pakistan (Pvt) Ltd.
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
(Thousand Rupees)
Items 2014 2015
1.Share capital 300,000 300,000
2.Reserves 63,363 75,925
4.Others 0 0
C.Total assets (C1+C2) 474,976 507,749
1.Revenue 237,038 199,580
E.Other items
2.Return on capital employed (ROCE) (D3/C-B1) 9.92% 0.07
G.Liquidity ratios
I.Cash flow ratios
156
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

Link International Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 210,000 210,000
2.Reserves 0 0
4.Others 0 3,000
C.Total assets (C1+C2) 151,951 211,557
1.Revenue 10,966 50,849
E.Other items
G.Liquidity ratios
I.Cash flow ratios
(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

157

Money Link Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 300,000 300,000
2.Reserves 0 0
4.Others 0 0
C.Total assets (C1+C2) 355,335 390,916
1.Revenue 65,924 85,445
E.Other items
2.Return on capital employed (ROCE) (D3/C-B1) 3.46% 0.04
G.Liquidity ratios

0.45 1.36 1.48
(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%

I.Cash flow ratios
158

NBP Exchange Co. Ltd.
Items 2014 2015
1.Share capital 556,875 556,875
2.Reserves 0 0
4.Others 9,429 2,643
C.Total assets (C1+C2) 746,898 792,245
1.Revenue 139,332 183,529
E.Other items

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
(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

G.Liquidity ratios
I.Cash flow ratios
159

Noble Exchange International (Pvt) Ltd.
Items 2014 2015
1.Share capital 200,000 200,000
2.Reserves 0 0
4.Others 1,200 2,000
C.Total assets (C1+C2) 202,171 192,233
1.Revenue 17,515 11,925
3.Profit/(loss) before taxation 436 (12,219)
E.Other items

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
(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

2.Return on capital employed (ROCE) (D3/C-B1) 0.22% -6.54%
3.Return on assets (ROA) (D4/C) -1.16% -0.06
G.Liquidity ratios
I.Cash flow ratios
160

P B S Exchange (Pvt) Ltd.
Items 2014 2015
1.Share capital 250,000 250,000
2.Reserves 0 0
4.Others 0 0
C.Total assets (C1+C2) 234,826 231,164
1.Revenue 110,439 117,851

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
(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

E.Other items
4.Cash generated from operating activities 764 15,970
G.Liquidity ratios
I.Cash flow ratios
161

Pakistan Currency Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 550,000 800,000
2.Reserves 0 0
4.Others 0 0
C.Total assets (C1+C2) 1,026,752 1,172,949

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
(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

1.Revenue 889,658 839,475
E.Other items
G.Liquidity ratios
I.Cash flow ratios
162

Paracha International Exchange (Pvt) Ltd.
Items 2014 2015
1.Share capital 345,000 345,000
2.Reserves 0 0
4.Others 0 0
C.Total assets (C1+C2) 447,588 519,293

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
(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

1.Revenue 130,515 156,479
E.Other items
G.Liquidity ratios
I.Cash flow ratios
163

Paragon Exchange (Pvt) Ltd.
Items 2014 2015
1.Share capital 200,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) 1,916 (8,353)
4.Others 0 0
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
(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
C.Total assets (C1+C2) 212,675 205,814
1.Revenue 35,647 34,604
E.Other items
2.Return on capital employed (ROCE) (D3/C-B1) 2.49% -7.32%
G.Liquidity ratios
2.Break up value per share (A/E1) 1,009.58 958.24
I.Cash flow ratios
164

Ravi Exchange Co. (Pvt) Ltd.
Items 2014 2015
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
(Thousand Rupees)
2016 2017 2018
1.Share capital 500,000 600,000
2.Reserves 0 0
4.Others 0 0
C.Total assets (C1+C2) 633,342 789,972
1.Revenue 279,208 332,105
E.Other items
G.Liquidity ratios
I.Cash flow ratios
165
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

Riaz Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 200,000 200,000
2.Reserves 0 0
4.Others 0 0
B.Total liabilities (B1 to B2) 168 128
1.Current liabilities 168 128
C.Total assets (C1+C2) 206,643 204,489
a.Fixed assets 1,342 907
1.Revenue 20,546 19,013
E.Other items
4.Cash generated from operating activities 1,572 442
G.Liquidity ratios
2.Cuurent assets to current liabilities (C1/B1) (times) 921.15 1,191.36
I.Cash flow ratios
(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

166

Royal International Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 300,000 300,000
2.Reserves 0 0
4.Others 0 0
C.Total assets (C1+C2) 331,725 339,424
1.Revenue 93,995 92,395
E.Other items
2.Return on capital employed (ROCE) (D3/C-B1) 0.04 1.66%
G.Liquidity ratios

(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%

I.Cash flow ratios
167

Sadiq Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 100,000 200,000
2.Reserves 0 0
3.Accumulated profit (loss) (1,834) 268
4.Others 2,500 2,000
C.Total assets (C1+C2) 103,949 209,742
1.Revenue 15,746 40,654
3.Profit/(loss) before taxation 442 2,505
4.Profit/(loss) after taxation 281 2,102
E.Other items

92.28% 90.42% 85.35%
106.17 109.66 146.81
0.34 2.26 1.27
0.41 1.27 2.31
(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

G.Liquidity ratios
I.Cash flow ratios
168

Sky Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 200,134 200,133
2.Reserves 0 0
4.Others 4,500 5,000
C.Total assets (C1+C2) 209,207 239,368
1.Revenue 34,383 42,517
E.Other items

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
(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

G.Liquidity ratios
I.Cash flow ratios
169

Wall Street Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 290,000 290,000
2.Reserves 0 0
4.Others 0 0
2.Non-current liabilities 0 5,500
C.Total assets (C1+C2) 727,225 798,847
1.Revenue 496,634 437,076
E.Other items
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
(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

G.Liquidity ratios
I.Cash flow ratios
170

ZeeQue Exchange Co. (Pvt) Ltd.
Items 2014 2015
1.Share capital 100,000 200,000
2.Reserves 0 0
4.Others 0 0
C.Total assets (C1+C2) 97,619 196,985
b.Other assets 819 26,828

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
(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

1.Revenue 21,654 34,753
E.Other items
4.Cash generated from operating activities (469) 380
1.Return on equity (ROE) (D4/A) -7.68% 0.01
2.Return on capital employed (ROCE) (D3/C-B1) -7.44% 1.56%
G.Liquidity ratios
I.Cash flow ratios
Insurance Companies - Overall

Items 2014 2015
1.Share capital 34,125,938 34,889,169
2.Reserves 27,874,564 28,916,545
4.Others 1,946,133 2,241,190
1.Balance of statutory funds 583,287,684 712,290,613
2.Outstanding claims, adv., prem., due to other insurers 94,079,241 99,783,557
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
5.Fixed assets 9,733,745 11,496,376
1.Investment income 9,806,802 12,595,403
2.Gross premium 201,576,280 237,287,200

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

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
E.Other items
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%
2.Break up value per share (A/E1) (Rs. per share) 28.43 31.45
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 292.22% 284.16%
175

Life Insurance Corporations - Overall
Items 2014 2015
1.Share capital 7,250,974 7,250,974
2.Reserves 108,688 475,410
4.Others 0 0

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%
(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

5.Fixed assets 2,029,626 2,715,969
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
E.Other items
G.Liquidity ratios
I.Cash flow ratio
176

Adamjee Life Assurance Co. Ltd.
Items 2014 2015
1.Share capital 935,494 935,494

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%
(Thousand Rupees)
2016 2017 2018
1,241,425 1,059,301 1,126,817
935,494 935,494 935,494

2.Reserves (641,812) (655,612)
4.Others 0 0
2.Outstanding claims, adv., prem., due to other insurers 274,885 467,929
1.Cash and balances with banks 572,661 1,339,795
2.Advances to policy holders & employees 3,523 10,347
5.Fixed assets 58,679 70,716
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
8.Profit/(loss) after taxation 15,006 871
E.Other items
G.Liquidity ratios
I.Cash flow ratio
177
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%

Askari Life Insurance Co. Ltd.(Formally East West Life Assur
Items 2014 2015
1.Share capital 594,292 594,292
2.Reserves 0 0
4.Others 0 0
1.Balance of statutory funds 247,312 215,406
1.Cash and balances with banks 207,319 189,137
3.Investments in securities & properties 284,900 305,099
5.Fixed assets 24,974 21,302
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
E.Other items
1.Return on equity (ROE) (D8/A) 0.13 -1.63%
3.Earning per share (D8/E1) (rs. per share) 0.49 -0.06
5.Underwriting profit to profit after tax. (D6/D8) 135.38% -489.23%
G.Liquidity ratios
2. Investment to total assets (C3/C) 49.18% 0.56

(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%

I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -33.76% 8.99
178

EFU Life Assurance Co. Ltd.
Items 2014 2015
1.Share capital 1,000,000 1,000,000
2.Reserves 750,500 950,000
4.Others 0 0
5.Fixed assets 1,083,604 1,667,694
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
E.Other items

40.77% 0.30 0.65
3.23 2.64 4.95
2235.88% 200.87% 105.31%
(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%

5.Underwriting profit to profit after tax. (D6/D8) 10.80 1256.38%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.11 15.79%
I.Cash flow ratio
179

IGI Life Insurance Limited (Formerly American Life Insuranc
Items 2014 2015
1.Share capital 500,000 500,000
2.Reserves 0 0
4.Others 0 0
5.Fixed assets 34,440 73,559
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

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%
(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)

E.Other items
4.Cash generated from operating activities (1,880,798) 279,454
5.Underwriting profit to profit after tax. (D6/D8) -23.10 1194.03%
G.Liquidity ratios
2. Investment to total assets (C3/C) 0.87 88.89%
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -3397.89% 364.83%
180

Jubilee Life Insurance Co. Ltd.
Items 2014 2015
1.Share capital 721,188 721,188
2.Reserves 0 0
4.Others 0 0
2.Outstanding claims, adv., prem., due to other insurers 962,796 1,291,111
5.Fixed assets 489,761 539,522

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%
(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

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
E.Other items
4.Net Claims Incurred Ratio (D5/D3) 0.24 24.11%
G.Liquidity ratios
I.Cash flow ratio
181

State Life Insurance Corporation Ltd.
Items 2014 2015
1.Share capital 3,000,000 3,000,000
2.Reserves 0 181,022
4.Others 0 0

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%
(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

5.Fixed assets 332,383 340,155
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
E.Other items
6.Investment income to net premium (D1/D3) 0.00 0.41%
G.Liquidity ratios
I.Cash flow ratio
182

TPL Life Insurance Ltd.
Items 2014 2015
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%
(Thousand Rupees)
2016 2017 2018
1.Share capital 500,000 500,000
2.Reserves 0 0
4.Others 0 0
2.Advances to policy holders & employees 0 0
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
E.Other items
5.Underwriting profit to profit after tax. (D6/D8) 0.43 49.81
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -963.09% -4965.67%
183
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%

Non-Life Insurance Corporations - Overall
Items 2014 2015
1.Share capital 24,231,587 24,956,223
2.Reserves 27,611,295 28,729,273
4.Others 1,956,934 2,372,062
1.Balance of statutory funds 0 0
5.Fixed assets 7,445,813 8,541,587
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
E.Other items
5.Underwriting profit to profit after tax. (D6/D8) 53.13% 0.42
G.Liquidity ratios

(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%

I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 0.26 20.82%
184

Adamjee Insurance Co. Ltd.
Items 2014 2015
1.Share capital 3,500,000 3,500,000
2.Reserves 1,396,934 1,408,626
4.Others 0 0
5.Fixed assets 1,113,798 1,301,197
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
E.Other items

58.23% 0.53 50.08%
52.13% 47.23% 45.44%
44.69 36.45 33.86
29.16% 7.63% 39.76%
(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

2.Return on assets (ROA) (D8/C) 0.07 0.06
6.Investment income to net premium (D1/D3) 0.33 0.45
G.Liquidity ratios
I.Cash flow ratio
185

Alflah Insurance Co. Ltd.
Items 2014 2015
1.Share capital 300,000 500,000
2.Reserves 151,381 160,834
4.Others 0 0
5.Fixed assets 74,557 72,578
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

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%
(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

E.Other items
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 66.22% -0.08
186

Allianz EFU Health Insurance Co. Ltd.
Items 2014 2015
1.Share capital 300,000 300,000
2.Reserves 0 0
4.Others 0 0
2.Advances to policy holders & employees 0 2,287

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%
(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

5.Fixed assets 40,379 36,727
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
E.Other items
G.Liquidity ratios
I.Cash flow ratio
187

Alpha Insurance Co. Ltd.
Items 2014 2015
1.Share capital 403,600 403,600
2.Reserves 10,175 10,175
4.Others 0 0

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
(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

C.Total assets (C1 to C5) 1,029,712 974,476
5.Fixed assets 13,845 10,407
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)
E.Other items
5.Underwriting profit to profit after tax. (D6/D8) -220.31% -38.78%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 6.25% 0.03
I.Cash flow ratio
188

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%

Asia Insurance Co. Ltd.
Items 2014 2015
1.Share capital 300,000 300,000
2.Reserves 2,500 2,500
4.Others 136,060 136,060
5.Fixed assets 276,462 316,632
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
E.Other items
4.Net Claims Incurred Ratio (D5/D3) 21.97% 0.19
G.Liquidity ratios
I.Cash flow ratio
(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%

189

Askari General Insurance Co. Ltd.
Items 2014 2015
1.Share capital 388,344 388,344
2.Reserves 74,658 74,658
4.Others 0 -
1.Balance of statutory funds 0 -
5.Fixed assets 49,321 177,575
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
E.Other items

(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

G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 17.72% 0.61
190

Atlas Insurance Co. Ltd.
Items 2014 2015
1.Share capital 701,614 701,614
2.Reserves 421,064 545,064
4.Others 0 0
5.Fixed assets 51,852 56,231
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
E.Other items

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%
(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

G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 108.64% 0.50
191

Century Insurance Co. Ltd.
Items 2014 2015
1.Share capital 457,244 457,244
2.Reserves 373,024 373,024
4.Others 0 0
5.Fixed assets 48,379 56,198
2.Gross premium 755,311 1,034,842
3.Net premium 388,502 515,005
4.Gross claims 291,784 448,805

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%
(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

5.Net claims 201,946 299,836
E.Other items
G.Liquidity ratios
I.Cash flow ratio
192

Chubb Insurance Pakistan Ltd
Items 2014 2015
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
2.Outstanding claims, adv., prem., due to other insurers 762,683 1,452,013

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%
(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
3.Investments in securities & properties 0 0
5.Fixed assets 18,827 19,758
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)
E.Other items
2.Return on assets (ROA) (D8/C) 0.13 -1.68%
G.Liquidity ratios
2. Investment to total assets (C3/C) 0.00 0.00
I.Cash flow ratio
193

Crescent Star Insurance Ltd.
Items 2014 2015
1.Share capital 620,125 620,125
2.Reserves 26,265 26,265

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%
(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

4.Others (199,650) (123,650)
5.Fixed assets 17,278 21,048
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
E.Other items
3.Earning per share (D8/E1) (rs. per share) -0.58 1.32
5.Underwriting profit to profit after tax. (D6/D8) -53.22% 37.09%
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 175.09% -463.62%
194
(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%

E.F.U.General Insurance Co. Ltd.
Items 2014 2015
1.Share capital 1,600,000 1,600,000
2.Reserves 9,512,902 10,512,902
4.Others 0 0
5.Fixed assets 919,566 1,101,318
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
E.Other items
G.Liquidity ratios
(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

I.Cash flow ratio
195

East West Insurance Co. Ltd.
Items 2014 2015
1.Share capital 401,502 451,690
2.Reserves 100,000 100,000
4.Others 0 0
5.Fixed assets 53,200 121,585
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
E.Other items

34.54% 123.84% 0.92%
(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%

G.Liquidity ratios
I.Cash flow ratio
196

Excel Insurance Co. Ltd.
Items 2014 2015
1.Share capital 300,000 300,000
2.Reserves - -
4.Others 0 -
3.Net premium 2,391 359
4.Gross claims 830 1,744
5.Net claims 430 (3,907)
6.Underwriting profit (4,364) 927
E.Other items

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%
(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

4.Net Claims Incurred Ratio (D5/D3) 17.98% -10.88
5.Underwriting profit to profit after tax. (D6/D8) -90.13% 0.13
G.Liquidity ratios
I.Cash flow ratio
197

Habib Insurance Co. Ltd.
Items 2014 2015
1.Share capital 619,374 619,374
2.Reserves 254,122 264,122
4.Others 0 384,738
5.Fixed assets 13,693 24,429
2.Gross premium 1,009,255 1,123,213

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%
(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

3.Net premium 458,726 500,364
4.Gross claims 1,272,548 816,777
5.Net claims 221,537 221,739
E.Other items
G.Liquidity ratios
I.Cash flow ratio
198

IGI General Insurance Ltd.
Items 2014 2015
1.Share capital 1,226,895 1,226,895
2.Reserves 8,470,780 8,102,711
4.Others 0 0
1.Balance of statutory funds - 0
3.Other/misc. liabilities 1,272,234 691,092

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%
(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

5.Fixed assets 235,856 220,743
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
E.Other items
4.Cash generated from operating activities 232 34,479
G.Liquidity ratios
I.Cash flow ratio
199

Jubilee General Insurance Co. Ltd.
Items 2014 2015
1.Share capital 1,569,100 1,569,100

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%
(Thousand Rupees)
2016 2017 2018
8,773,381 8,312,970 7,908,056
1,569,100 1,804,465 1,804,466

2.Reserves 2,749,723 3,188,811
4.Others 0 0
5.Fixed assets 138,281 164,627
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
E.Other items
1.Return on equity (ROE) (D8/A) 0.20 0.23
G.Liquidity ratios
I.Cash flow ratio
200
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%

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
5.Fixed assets 33,665 32,458
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
E.Other items
G.Liquidity ratios

(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%

I.Cash flow ratio
201

Pakistan Reinsurance Co. Ltd.
Items 2014 2015
1.Share capital 3,000,000 3,000,000
2.Reserves 2,058,419 2,058,419
4.Others 0 0
5.Fixed assets 49,192 43,574
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
E.Other items

33.45% 63.46% 95.08%
10.00 10.00 10.00
-7.64% 980.55% 248.21%
(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%

G.Liquidity ratios
I.Cash flow ratio
202

PICIC Insurance Ltd.
Items 2014 2015
1.Share capital 350,000 350,000
2.Reserves 0 0
4.Others 0 0
5.Fixed assets 12,854 18,954
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

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%
(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)

E.Other items
3.Earning per share (D8/E1) (rs. per share) -3.74 -0.28
5.Underwriting profit to profit after tax. (D6/D8) 40.15% -726.58%
G.Liquidity ratios
I.Cash flow ratio
203

Premier Insurance Ltd.
Items 2014 2015
1.Share capital 302,821 348,244
2.Reserves 1,284,461 1,208,756
4.Others 0 0
5.Fixed assets 244,648 239,662

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%
(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

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
E.Other items
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C) 0.04 0.02
I.Cash flow ratio
204

Reliance Insurance Co. Ltd.
Items 2014 2015
1.Share capital 403,459 463,978
2.Reserves 180,000 200,000
4.Others 0 0

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%
(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

5.Fixed assets 81,652 80,743
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
E.Other items
6.Investment income to net premium (D1/D3) 32.53% 0.27
G.Liquidity ratios
I.Cash flow ratio
205

SPI Insurance Company Ltd.
Items 2014 2015
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%
(Thousand Rupees)
2016 2017 2018
1.Share capital 325,000 325,000
2.Reserves 0 0
4.Others 0 0
5.Fixed assets 47,498 316,086
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
E.Other items
G.Liquidity ratios
I.Cash flow ratio
206
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%

Security General Insurance Co. Ltd.
Items 2014 2015
1.Share capital 680,625 680,625
2.Reserves 2,000 2,000
4.Others 0 0
5.Fixed assets 120,143 107,474
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
E.Other items
G.Liquidity ratios

(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%

I.Cash flow ratio
207

Sindh Insurance Limited
Items 2014 2015
1.Share capital 500,000 500,000
2.Reserves 0 0
4.Others 0 0
5.Fixed assets 25,377 28,075
3.Net premium (458) 20,508
4.Gross claims 0 0
5.Net claims 116 13,255
E.Other items

83.25% 80.47% 76.19%
0.74 72.47% 73.01%
219.32 226.18 203.79
23.27% -11.22% -75.32%
(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)

4.Net Claims Incurred Ratio (D5/D3) -25.33% 64.63%
6.Investment income to net premium (D1/D3) -13387.99% 561.51%
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -0.75 -59.33%
208

Shaheen Insurance Co. Ltd.
Items 2014 2015
1.Share capital 450,000 450,000
2.Reserves 20,000 20,000
4.Others 0 0
5.Fixed assets 45,196 48,657
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

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
(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

E.Other items
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -90.58% -1.20
209

TPL Insurance Company Ltd.
Items 2014 2015
1.Share capital 460,000 755,159
2.Reserves (7,687) 138,676
4.Others 0 1,628

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%
(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

5.Fixed assets 313,543 383,742
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
E.Other items
G.Liquidity ratios
I.Cash flow ratio
210

The Cooperative Insurance Society of Pakistan Ltd.
Items 2014 2015
1.Share capital 300,000 500,000
2.Reserves 8,299 8,529
4.Others 1,672,018 1,679,912

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%
(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

5.Fixed assets 1,988,098 2,201,670
3.Net premium 2,212 4,082
4.Gross claims 455 949
5.Net claims 316 470
7.Profit/(loss) before taxation 1,620 606
8.Profit/(loss) after taxation 1,286 916
E.Other items
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -7.02 -9.19
211

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%

The Pakistan General Insurance Co. Ltd.
Items 2014 2015
1.Share capital 375,000 400,013
2.Reserves 140,000 114,987
4.Others 9,854 11,638
2.Advances to policy holders & employees 224 4,401
5.Fixed assets 97,386 98,347
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
E.Other items
3.Stock dividend/bonus shares 6.67% 0.00
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 216.46% -2.16
(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%

212

The United Insurance Co. of Pakistan Ltd.
Items 2014 2015
1.Share capital 920,000 1,288,000
2.Reserves 75,116 68,124
4.Others 40,098 39,235
5.Fixed assets 628,426 703,899
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
E.Other items

(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%

G.Liquidity ratios
I.Cash flow ratio
213

The Universal Insurance Co. Ltd.
Items 2014 2015
1.Share capital 370,000 416,180
2.Reserves 14,489 28,309
4.Others 242,578 242,501
5.Fixed assets 191,585 184,336
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
E.Other items

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%
(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

3.Earning per share (D8/E1) (rs. per share) -1.24 3.12
4.Net Claims Incurred Ratio (D5/D3) 0.06 -200.61%
G.Liquidity ratios
I.Cash flow ratio
214

UBL Insurers Ltd.
Items 2014 2015
1.Share capital 800,000 800,000
2.Reserves 0 11,485
4.Others 0 0
5.Fixed assets 57,509 76,644
2.Gross premium 1,114,520 1,600,476
3.Net premium 385,189 534,555
4.Gross claims 517,125 469,382

(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%
(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

5.Net claims 176,738 203,788
E.Other items
6.Investment income to net premium (D1/D3) 19.37% 0.17
G.Liquidity ratios
I.Cash flow ratio
215

Takaful Companies - Overall
Items 2014 2015
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)

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%
(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

5.Fixed assets 258,306 238,820
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)
E.Other items
G.Liquidity ratios
I.Cash flow ratio
216

Dawood Family Takaful Ltd.
Items 2014 2015
1.Share capital 750,000 750,000
2.Reserves 0 0

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%
(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)

4.Others (90) (3,475)
1.Cash and balances with banks 984,543 1,432,844
2.Advances to policy holders & employees 1,688 928
5.Fixed assets 45,361 43,723
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
E.Other items
G.Liquidity ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -11.10 -8.27
217
(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%

Pak Qatar Family Takaful Ltd.
Items 2014 2015
1.Share capital 710,629 710,629
2.Reserves 0 0
4.Others 0 0
5.Fixed assets 134,600 123,531
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
E.Other items
G.Liquidity ratios
(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

I.Cash flow ratio
218

Pak Kuwait Takaful Co. Ltd.
Items 2014 2015
1.Share capital 450,000 450,000
2.Reserves 154,581 (288,138)
4.Others 500 500
5.Fixed assets 22,400 18,657
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
E.Other items

1857.04% 1971.36% 1743.79%
(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%

G.Liquidity ratios
I.Cash flow ratio
219

Pak Qatar General Takaful Ltd.
Items 2014 2015
1.Share capital 432,748 471,343
2.Reserves 0 0
4.Others 0 (107,658)
C.Total assets (C1 to C5) 1,115,420 905,129
5.Fixed assets 42,262 42,675
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
E.Other items

-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%
(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

G.Liquidity ratios
I.Cash flow ratio
220

Takaful Pakistan Ltd.
Items 2014 2015
1.Share capital 300,000 300,000
2.Reserves 0 0
4.Others (11,211) (20,239)
5.Fixed assets 13,683 10,234
2.Gross premium 274,350 333,568

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%
(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

3.Net premium 169,408 262,210
4.Gross claims 151,417 147,470
5.Net claims 93,986 134,056
E.Other items
5.Underwriting profit to profit after tax. (D6/D8) -3.22 -89.28%
G.Liquidity ratios
I.Cash flow ratio
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
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
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

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

1.Revenue 2,644,721 2,509,819
2.Admin. & general expense 1,994,239 1,703,525
E.Other items
G.Liquidity ratios
4.Investment to total assets (C2a/C) 0.00 0.00
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 profit after tax (E4/D4) (times) -6.58 -0.48
224

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
2.Non-current liabilities (a + b) 0 0
a.Lease finance 0 0
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
(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
b.Long term finance 0 0
C.Total assets (C1 + C2) 21,432,673 20,682,451
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
1.Revenue 2,644,721 2,509,819
2.Admin. & general expense 1,994,239 1,703,525
E.Other items
G.Liquidity ratios
4.Investment to total assets (C2a/C) 0.00 0.00
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 profit after tax (E4/D4) (times) -6.58 -0.48
Venture Capital - Overall

Items 2014 2015
1.Share capital 25,073 25,073
2.Revenue reserve 752 752
4.Others 17,724 18,118
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

C.Total assets (C1+C2) 39,812 41,172
a.Cash & bank balances 3,734 72
b.Others 32,978 38,371
a.Venture investment 3,080 2,502
b.Others 20 227
1.Revenue 4,935 9,000
2.Admin. & operating expense 2,854 1,966
3.Financial charges 27 21
E.Other items
5.Admin. expense to revenue (D2/D1) 57.83% 21.84%
G.Liquidity ratios
I.Cash flow ratio
228

AKD Capital Ltd.
Items 2014 2015

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
(Thousand Rupees)
2016 2017 2018
18,653 18,276 18,890

1.Share capital 25,073 25,073
2.Revenue reserve 752 752
4.Others 17,724 18,118
C.Total assets (C1+C2) 39,812 41,172
a.Cash & bank balances 3,734 72
b.Others 32,978 38,371
a.Venture investment 3,080 2,502
b.Others 20 227
1.Revenue 4,935 9,000
2.Admin. & operating expense 2,854 1,966
3.Financial charges 27 21
E.Other items
5.Admin. expense to revenue (D2/D1) 57.83% 21.84%
G.Liquidity ratios
I.Cash flow ratio
229
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

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.
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

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
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

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

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

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.
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
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.
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

The symbol ‘-‘ appearing in the analytical tables stands for Not applicable or Not available.
235
All Banks - Overall
Items 2007 2008
1.Share capital/head office capital account 231,530,188 277,045,918
2.Reserves 118,940,698 148,257,246
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
4.Investments 1,275,225,750 1,085,196,330
5.Gross advances 2,842,331,732 3,417,406,346
8.Advances net of provision (C5 - C7) 2,682,896,928 3,179,440,459
9.Fixed assets 168,544,767 191,279,879

E.Other items

1.Spread ratio (D3/D1) 52.11% 48.91%

8.Admin. expesne to profit before tax. (D8/D9)(times) 1.15 2.54
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)
(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) ( 0) ( 0)
( 0) ( 0) ( 0) ( 0)
( 0) ( 0) ( 0) ( 0)
( 0) ( 0) ( 1) ( 1)
( 1) ( 1) ( 2) ( 2)
10.Admin. expense to non-markup/interest income(D8/D6)(times) 1.33 1.56
G.Liquidity ratios

7.Gross advances to borrowing & deposits C5/(B2+B3) 0.66 72.92%
1.Non-performing loans to gross advances (C6/C5) 0.07 9.16%

4.NPLs write off to NPLs provision (D4/C7) 38.36% 43.82%

J.Cash flow ratio
Local Banks - Overall

Items 2007 2008
1.Share capital 214,444,697 244,915,598
2.Reserves 118,940,698 148,181,461
4.Others 108,672,209 63,489,982
1.Bills payable 78,328,193 65,107,084
4.Investments 1,248,798,605 1,062,603,406
5.Gross advances 2,751,665,342 3,312,965,635
9.Fixed assets 166,577,174 187,582,375

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 )
( 0) ( 0) ( 0) ( 0)
( 2) ( 2) ( 2) ( 2)
( 0) ( 0) ( 0) ( 0)
( 0) ( 0) ( 0) ( 0)
( 0) ( 0) ( 0) ( 0)
( 1) ( 1) ( 1) ( 1)
( 1) ( 1) ( 1) ( 1)
( 1) ( 1) ( 1) ( 1)
( 0) ( 0) ( 0) ( 0)
( 0) ( 0) ( 0) ( 0)
( 0) ( 0) ( 0) ( 0)
( 1) ( 0) ( 1) ( 0)
( 0) ( 0) ( 0) ( 0)
( 1) ( 1) ( 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 )
E.Other items
1.Spread (D3/D1) 52.34% 48.86%
G.Liquidity ratios
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
6.Gross advances to deposits (C5/B3) 0.74 0.81
7.Gross advances to borrowing & deposit C5/(B2+B3) 0.66 0.73
2.Provisions against NPLs to gross advances (C7/C5) 0.06 0.07

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
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

( 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)

J.Cash flow ratio
Public Sector Banks - Overall

Items 2007 2008

1.Share capital 16,671,332 18,544,359
2.Reserves 24,729,769 29,033,178
4.Others 51,320,469 18,749,454
1.Bills payable 8,541,822 11,663,371
4.Investments 296,355,059 204,784,000
5.Gross advances 526,923,813 629,389,241
9.Fixed assets 29,537,449 28,051,915
E.Other items
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 )

974,839 126,587,260 107,777,017 132,675,084 11,014,162 ( 169,332,388 )
( 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.Spread (D3/D1) 0.54 0.48
2.Net markup/interest margin (D1-D2)/C 0.04 0.04
9.Non-markup/interest expense to total income D7/(D1+D6) 0.19 0.23
G.Liquidity ratios
J.Cash flow ratio
FIRST WOMEN BANK LTD.

Items 2007 2008

1.Share capital 283,650 283,650
2.Reserves 207,336 228,540
4.Others 60,128 (32,767)
1.Bills payable 193,321 101,993
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 )
( 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 )
4.Other/misc. liabilities 0 132,247
4.Investments 3,159,640 2,264,088
5.Gross advances 3,129,582 3,409,842
9.Fixed assets 148,686 174,833
E.Other items
1.Spread (D3/D1) 0.75 0.71
G.Liquidity ratios
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
( 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
J.Cash flow ratio
NATIONAL BANK OF PAKISTAN

Items 2007 2008

1.Share capital 8,154,319 8,969,751
2.Reserves 15,772,124 19,941,047
4.Others 47,067,023 21,092,216
1.Bills payable 7,061,902 10,219,061
4.Investments 210,787,868 170,822,491
5.Gross advances 375,090,202 457,828,029
9.Fixed assets 25,922,979 24,217,655
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 )
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 )
E.Other items
1.Spread (D3/D1) 0.67 0.61
G.Liquidity ratios
J.Cash flow ratio
SINDH BANK LTD.

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

( 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)
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
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
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)
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
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
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)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
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

1.Share capital 4,002,984 4,002,984
2.Reserves 1,323,077 1,436,359
4.Others 307,977 (996,600)
1.Bills payable 348,952 122,516
2.Borrowings from financial institutions 1,321,396 910,691
4.Investments 8,945,856 8,985,441
5.Gross advances 12,174,026 14,925,119
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 )
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 )
9.Fixed assets 213,025 187,589
5.Net markup/interest income after provisions (124,364) 822,456
E.Other items
1.Spread (D3/D1) 0.22 0.36
G.Liquidity ratios
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
( 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
J.Cash flow ratio
THE BANK OF PUNJAB

Items 2007 2008

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)
1.Bills payable 937,647 1,219,801
4.Investments 73,461,695 22,711,980
5.Gross advances 136,530,003 153,226,251
9.Fixed assets 3,252,759 3,471,838
5.Net markup/interest income after provisions 1,711,948 (18,090,998)
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
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 ( - )
0.72 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 )

( - ) ( - ) ( - ) ( - )
3.Stock dividend/bonus shares 0.35 -
1.Spread (D3/D1) 0.21 0.06
3.Return on equity (ROE) (D10/A) 0.29 -1.99
4.Return on assets (ROA) (D10/C) 0.02 -0.05
6.Net markup/interest income(after prov.) to total assets(D5/C) 0.01 -0.10
G.Liquidity ratios
J.Cash flow ratio
Private Sector Banks - Overall

Items 2007 2008

1.Share capital 182,923,895 210,865,136
2.Reserves 92,324,287 116,709,912
4.Others 54,306,190 41,246,518
1.Bills payable 69,288,789 52,687,992
- 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 )
( - ) ( - ) ( - ) ( - )
( 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 )
4.Investments 936,617,336 845,773,291
5.Gross advances 2,129,767,639 2,582,387,596
9.Fixed assets 133,328,851 154,423,798
E.Other items
1.Spread (D3/D1) 0.52 0.49
G.Liquidity ratios
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 )

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
( 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
J.Cash flow ratio
ALBARAKA BANK (PAKISTAN) LTD.

Items 2007 2008

1.Share capital 3,000,000 4,500,000
2.Reserves 0 0
4.Others 1,007,855 17,255
4.Investments 2,275,123 2,756,159
5.Gross advances 2,623,663 7,788,664
9.Fixed assets 953,864 1,619,029
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 )
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 )
E.Other items
1.Spread (D3/D1) 0.67 0.44
3.Return on equity (ROE) (D10/A) -0.02 -0.06
4.Return on assets (ROA) (D10/C) -0.01 -0.02
G.Liquidity ratios
J.Cash flow ratio
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

( (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

ALLIED BANK LTD.
Items 2007 2008

1.Share capital 5,386,370 6,463,644
2.Reserves 6,050,713 5,804,776
4.Others 1,469,851 1,550,497
1.Bills payable 3,494,384 2,952,490
4.Investments 83,958,463 82,646,595
5.Gross advances 178,524,257 223,639,777
9.Fixed assets 7,548,628 11,134,436
E.Other items
1.Spread (D3/D1) 0.53 0.44
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
(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
G.Liquidity ratios
J.Cash flow ratio
ASKARI BANK LTD.

Items 2007 2008

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
1.Bills payable 2,627,051 2,584,828
4.Investments 39,431,005 35,677,755
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 )
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 )
5.Gross advances 108,188,767 139,830,973
9.Fixed assets 5,128,428 8,266,458
E.Other items
1.Spread (D3/D1) 0.43 0.42
G.Liquidity ratios
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
( 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
J.Cash flow ratio
BANK AL-HABIB LTD.

Items 2007 2008

1.Share capital 3,681,068 4,785,388
2.Reserves 2,527,949 3,062,830
4.Others 311,561 1,665,205
1.Bills payable 2,394,482 2,232,334
4.Investments 35,287,080 48,234,497
5.Gross advances 79,446,698 101,402,372
9.Fixed assets 5,786,287 9,166,020
E.Other items
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 )
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.Spread (D3/D1) 0.42 0.45
G.Liquidity ratios
J.Cash flow ratio
BANK ALFALAH LTD.

Items 2007 2008

1.Share capital 6,500,000 7,995,000
2.Reserves 2,414,833 3,166,056
4.Others 2,453,171 2,436,216
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 )
( 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 )
1.Bills payable 4,138,243 3,452,031
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
9.Fixed assets 11,922,324 13,773,293
E.Other items
1.Spread (D3/D1) 0.36 0.34
G.Liquidity ratios
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
( 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
J.Cash flow ratio
BANKISLAMI PAKISTAN LTD.

Items 2007 2008

1.Share capital 3,200,000 5,279,679
2.Reserves 0 0
4.Others 690,103 10,449
4.Investments 3,864,027 5,019,525
5.Gross advances 3,992,240 6,687,460
9.Fixed assets 1,093,324 1,910,648
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 )

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 )

E.Other items
1.Spread (D3/D1) 0.50 0.50
G.Liquidity ratios
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
( 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
J.Cash flow ratio
BURJ BANK LTD.

Items 2007 2008
1.Share capital 3,601,200 4,001,333
2.Reserves 10,206 16,751
4.Others 13,657 (10,281)
2.Borrowings from financial institutions 0 50,704
4.Investments 1,318,657 2,045,146
5.Gross advances 3,725,609 5,645,609
9.Fixed assets 299,404 417,364
E.Other items
1.Spread (D3/D1) 0.77 0.53

-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

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
G.Liquidity ratios
5.Provision against NPL to NPLs (C7/C6) - 0.11
J.Cash flow ratio
DUBAI ISLAMIC BANK PAKISTAN LTD.

Items 2007 2008

1.Share capital 5,126,230 6,017,780
2.Reserves 0 0
4.Others 9,807 10,867
1.Bills payable 347,521 283,188
-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)
-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 )
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
9.Fixed assets 1,459,578 1,740,923
7.Non-markup/interest expenses 1,453,906 271,806
E.Other items
1.Spread (D3/D1) 0.58 0.49
G.Liquidity ratios
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
( 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
J.Cash flow ratio
FAYSAL BANK LTD.

Items 2007 2008

1.Share capital 5,296,445 5,296,445
2.Reserves 3,567,033 3,790,023
4.Others 5,811,357 636,121
1.Bills payable 2,406,927 1,536,517
2.Balances with other banks 3,708,451 876,780
4.Investments 31,553,108 36,152,537
5.Gross advances 91,016,278 88,620,641
9.Fixed assets 2,514,959 2,646,978
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 )
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 )
E.Other items
1.Spread (D3/D1) 0.36 0.37
G.Liquidity ratios
J.Cash flow ratio
HABIB BANK LTD.

Items 2007 2008

1.Share capital 6,900,000 7,590,000
2.Reserves 18,628,584 22,882,318
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 )
( 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 )
4.Others 7,202,391 3,753,597
1.Bills payable 15,379,440 9,781,077
4.Investments 171,932,281 127,786,754
5.Gross advances 380,751,226 460,244,672
9.Fixed assets 13,582,240 33,490,506
E.Other items
1.Spread (D3/D1) 0.63 0.58
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
( 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
G.Liquidity ratios
J.Cash flow ratio
HABIB METROPOLITAN BANK LTD.

Items 2007 2008

1.Share capital 5,018,350 6,022,020
2.Reserves 6,383,936 7,039,936
4.Others 55,948 (1,144,998)
1.Bills payable 3,210,041 2,372,146
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
9.Fixed assets 1,294,486 1,583,360
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 )
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 )
E.Other items
1.Spread (D3/D1) 0.31 0.31
G.Liquidity ratios
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
( 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
J.Cash flow ratio
JS BANK LTD.
Items 2007 2008

1.Share capital 5,106,337 5,694,844
2.Reserves 7,086 18,040
4.Others 52,456 (508,791)
1.Bills payable 727,179 127,922
4.Investments 6,109,536 5,138,709
5.Gross advances 6,593,635 9,810,093
9.Fixed assets 491,736 2,496,883
E.Other items
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 )
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 )
1.Spread (D3/D1) 0.24 0.31
G.Liquidity ratios
J.Cash flow ratio
KASB BANK LIMITED

Items 2007 2008
1.Share capital 3,106,978 4,014,890
2.Reserves 151,287 151,287
4.Others 1,033,224 6,008,118
1.Bills payable 879,152 217,520

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

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

4.Investments 7,277,875 9,454,149
5.Gross advances 26,046,768 35,164,850
9.Fixed assets 1,094,748 2,909,213
5.Net markup/interest income after provisions 418,987 (1,810,978)
9.Profit/(loss) before taxation 65,562 (1,849,199)
E.Other items
1.No. of ordinary shares 310,698 401,489
1.Spread ratio (D3/D1) 0.22 0.08
G.Liquidity ratios

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

J.Cash flow ratio
MCB BANK LTD.

Items 2007 2008

1.Share capital 6,282,768 6,282,768
2.Reserves 34,000,638 36,768,765
4.Others 9,705,519 6,191,189
1.Bills payable 10,479,058 10,551,468
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
9.Fixed assets 16,024,123 17,263,733
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 )
(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 )
E.Other items
1.Spread (D3/D1) 0.75 0.71
G.Liquidity ratios
J.Cash flow ratio
MCB ISLAMIC BANK LTD

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
( 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 )
1.Share capital
2.Reserves
4.Others
B.Total liabilities(B1 to B4)
1.Bills payable
4.Investments
5.Gross advances
9.Fixed assets
2.Markup/interest expensed
E.Other items
2.Cash dividend
5.Commitments and contigencies
1.Spread (D3/D1)
6.Net markup/interest income(after prov.) to total assets(D5/C)
( 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
G.Liquidity ratios
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
6.Gross advances to deposits (C5/B3)
3.NPLs to shareholders equity (C6/A)
4.NPLs write off to NPLs provisions (D4/C7)
J.Cash flow ratio
MEEZAN BANK LTD.

Items 2007 2008

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)
1.Bills payable 1,192,160 1,057,017
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
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 )
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 )
9.Fixed assets 1,032,963 1,880,515
6.Non-markup/interest income 1,347,893 707,908
E.Other items
1.Spread (D3/D1) 0.46 0.55
G.Liquidity ratios
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
( 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
J.Cash flow ratio
NIB BANK LTD.

Items 2007 2008
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
1.Bills payable 2,110,211 1,432,084
2.Balances with other banks 1,401,796 793,843
4.Investments 40,498,840 35,176,823
5.Gross advances 92,586,336 97,322,481
9.Fixed assets 30,800,135 3,702,426
5.Net markup/interest income after provisions 509,132 (5,255,525)
6.Non-markup/interest income 598,771 2,421,876
9.Profit/(loss) before taxation (571,207) (1,099,789)
10.Profit/(loss) after taxation (350,557) (7,474,679)
E.Other items

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)

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
1.Spread (D3/D1) 0.29 0.29
G.Liquidity ratios
J.Cash flow ratio
SAMBA BANK LTD.

Items 2007 2008

1.Share capital 8,769,517 8,769,517
2.Reserves 43,080 43,080
4.Others (16,483) (14,176)
1.Bills payable 1,056,878 55,349
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 )
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.Cash and balances with treasury banks 1,003,611 774,575
4.Investments 3,947,925 3,829,354
5.Gross advances 7,105,438 8,605,889
9.Fixed assets 854,292 1,157,689
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.Spread (D3/D1) 0.29 0.39
6.Net markup/interest income(after prov.) to total assets(D5/C) -0.03 0.02
G.Liquidity ratios
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
( 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
J.Cash flow ratio
SILKBANK LIMITED
Items 2007 2008

1.Share capital 5,001,750 9,003,150
2.Reserves 218,556 218,556
4.Others 1,079,670 1,301,363
1.Bills payable 570,756 431,537
4.Investments 17,859,169 12,012,233
5.Gross advances 31,415,818 38,187,392
9.Fixed assets 2,367,883 3,002,450
5.Net markup/interest income after provisions (2,772,707) (1,272,695)
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 )
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 )
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.Spread (D3/D1) 0.07 0.08
6.Net markup/interest income(after prov.) to total assets(D5/C) -0.05 -0.02
G.Liquidity ratios
J.Cash flow ratio
SONERI BANK LTD.

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

( 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)
Items 2007 2008

1.Share capital 4,114,222 4,114,222
2.Reserves 1,876,669 2,016,877
4.Others 380,813 147,298
1.Bills payable 1,640,514 1,254,496
4.Investments 19,181,562 14,053,177
5.Gross advances 40,805,224 49,464,962
9.Fixed assets 2,150,955 3,126,857
E.Other items
1.Spread (D3/D1) 0.31 0.38
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
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
G.Liquidity ratios
J.Cash flow ratio
STANDARD CHARTERED BANK (PAKISTAN) LTD.

Items 2007 2008

1.Share capital 38,715,850 38,715,850
2.Reserves 1,653,044 1,812,492
4.Others (274,265) (1,252,980)
1.Bills payable 6,637,388 4,296,420
4.Investments 40,696,466 29,586,663
5.Gross advances 131,085,549 137,716,271
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 )
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 )
9.Fixed assets 3,734,139 3,886,275
E.Other items
1.Spread (D3/D1) 0.72 0.70
G.Liquidity ratios
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
( 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
J.Cash flow ratio
SUMMIT BANK LTD.

Items 2007 2008

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)
4.Investments 5,408,425 5,094,613
5.Gross advances 8,157,709 16,510,341
9.Fixed assets 597,515 927,882
4.Provisions and write-offs 0 623,202
E.Other items
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 ( - )
0.90 - 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 )

( - ) ( - ) ( - ) ( - )
1.Spread (D3/D1) 0.59 0.36
G.Liquidity ratios
J.Cash flow ratio
UNITED BANK LTD.

Items 2007 2008

1.Share capital 8,093,750 10,117,188
2.Reserves 10,261,958 17,256,061
4.Others 8,411,993 4,319,088
1.Bills payable 6,079,341 5,210,870
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 )
( - ) ( - ) ( - ) ( - )
( 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 )
4.Investments 115,585,646 115,057,090
5.Gross advances 294,725,035 397,736,446
9.Fixed assets 16,918,844 19,926,915
E.Other items
1.No. of ordinary shares (000) 809,375 1,011,718
1.Spread (D3/D1) 0.59 0.54
G.Liquidity ratios
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
( 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
J.Cash flow ratio
Specialized Banks - Overall

Items 2007 2008

1.Share capital 14,849,470 15,506,103
2.Reserves 1,886,642 2,438,371
4.Others 3,045,550 3,494,010
1.Bills payable 497,582 755,721
4.Investments 15,826,210 12,046,115
5.Gross advances 94,973,890 101,188,798
9.Fixed assets 3,710,874 5,106,662
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 )
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 )
E.Other items
1.Spread (D3/D1) 0.48 0.52
G.Liquidity ratios
3.NPLs to shareholders equity (C6/A) -3.14 -2.98
1.Capital ratio (A/C) -0.08 -0.06
2.Commitments & contingencies to total equity (E5/A) (times) -1.05 -3.02
J.Cash flow ratio
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 )

(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

( (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

INDUSTRIAL DEVELOPMENT BANK LTD.
Items 2007 2008

1.Share capital 157,000 157,000
2.Reserves 750,548 750,548
4.Others (48,313) (252,683)
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
8.Advances net of provision (C5-C7) 1,200,497 124,778
9.Fixed assets 127,711 125,120
3.Net markup/interest income (97,368) (174,887)
5.Net markup/interest income after provisions 302,068 (780,489)
E.Other items
1.Spread (D3/D1) -0.18 -0.40
2.Net markup/interest margin (D1-D2)/C -0.01 -0.02
4.Return on assets (ROA) (D10/C) -0.04 0.02
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
(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
G.Liquidity ratios
3.NPLs to shareholders equity (C6/A) -0.20 0.00
4.NPLs write off to NPLs provisions (D4/C7) 0.07 -0.10
1.Capital ratio (A/C) -2.98 -3.86
2.Commitments & contingencies to total equity (E5/A) (times) -0.01 0.00
J.Cash flow ratio
SME BANK LTD.

Items 2007 2008

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)
4.Investments 3,058,130 2,545,053
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 )
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 )
5.Gross advances 7,762,218 7,942,929
9.Fixed assets 144,589 124,546
E.Other items
1.Spread (D3/D1) 0.57 0.50
G.Liquidity ratios
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
( 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
J.Cash flow ratio
THE PUNJAB PROVINCIAL COOPERATIVE BANK LTD.

Items 2007 2008

1.Share capital 430,351 434,155
2.Reserves 370,827 402,298
4.Others 2,489,021 3,654,089
4.Investments 558,009 508,762
5.Gross advances 9,453,735 8,983,220
9.Fixed assets 2,571,139 3,712,774
1.Markup/interest earned 1,228,805 984,869
E.Other items
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)
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)
1.Spread (D3/D1) 0.55 0.37
G.Liquidity ratios
J.Cash flow ratio
ZARAI TARAQIATI BANK LTD. (ZTBL)

Items 2007 2008

1.Share capital 11,869,612 12,522,441
2.Reserves 565,911 1,086,169
4.Others 685,516 494,448
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 )
( 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 )
1.Bills payable 392,726 613,378
4.Investments 7,504,233 4,955,690
5.Gross advances 70,540,426 77,770,248
9.Fixed assets 867,435 1,144,222
5.Net markup/interest income after provisions (42,274) 3,070,953
E.Other items
1.Spread (D3/D1) 0.51 0.59
G.Liquidity ratios
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
( 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
J.Cash flow ratio
Foreign Banks - Overall

Items 2007 2008

2.Reserves 0 75,785
4.Others (59,198) (532,853)
1.Bills payable 3,746,900 4,423,404
4.Investments 26,427,145 22,592,924
5.Gross advances 90,666,390 104,440,711
9.Fixed assets 1,967,593 3,697,504
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 )

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 )

E.Other items
1.Spread (D3/D1) 0.47 0.50
6.Net markup/Interest income (after prov.) to total assets(D5/C) 0.03 0.02
G.Liquidity ratios
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
6.Gross advances to deposit (C5/B3) 0.77 0.71
4.NPLs write off to NPLs provision (D4/C7) 1.24 1.81
J.Cash flow ratio
Bank of China Limited

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
( 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
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
B.Total liabilities (B1 to B4)
1.Bills payable
4.Investments
5.Gross advances
9.Fixed assets
2.Markup/interest expenses
E.Other items
2.Commitments and contingencies
1.Spread (D3/D1)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
8.Admin expense to profit before tax.(D8/D9) (times)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
( 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
G.Liquidity ratios
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
6.Gross advances to deposit (C5/B3)
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)
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
1.Markup/interest earned - 832,665

(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

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

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
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
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
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
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

(Thousand Rupees)
2015 2016 2017 2018
2.Reserves 0 75,785
4.Others (53,371) (494,658)
1.Bills payable 2,120,612 1,660,227
4.Investments 21,276,196 9,194,307
5.Gross advances 50,912,294 43,635,814
9.Fixed assets 1,420,645 1,474,167
E.Other items
1.Spread (D3/D1) 0.52 0.58
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
( 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
G.Liquidity ratios
J.Cash flow ratio
DEUTSCHE BANK AG
Items 2007 2008

2.Reserves 0 0
4.Others (3,658) (232)
1.Bills payable 625,398 1,683,524
2.Borrowings from financial institutions 6,971,367 532,521
4.Investments 3,695,931 999,390
5.Gross advances 4,715,413 6,374,949
9.Fixed assets 107,229 130,225
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 )

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 )

E.Other items
1.Cash generated from operating activities 2,714,933 (266,446)
1.Spread (D3/D1) 0.44 0.62
G.Liquidity ratios
5.Provision against NPL to NPLs (C7/C6) - 0.13
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times) 5.38 -0.50
HSBC BANK MIDDLE EAST LIMITED

Items 2007 2008
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)
( 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

2.Reserves 0 0
4.Others (389) (5,034)
1.Bills payable 745,760 587,298
4.Investments 301,193 1,941,950
5.Gross advances 19,353,303 25,591,220
9.Fixed assets 308,114 509,574
E.Other items
1.Spread ratio (D3/D1) 0.39 0.40

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

G.Liquidity ratios
J.Cash flow ratio
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD.

1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others
1.Bills payable
4.Investments
5.Gross advances
9.Fixed assets
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 )

(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 )

2.Markup/interest expenses
E.Other items
2.Commitments and contingencies
1.Spread (D3/D1)
6.Net markup/Interest income (after prov.) to total assets(D5/C)
8.Admin expense to profit before tax.(D8/D9) (times)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
6.Gross advances to deposit (C5/B3)
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)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E1/D10) (times)
OMAN INTERNATIONAL BANK SAOG.

Items 2007 2008
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)
( 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

2.Reserves 0 0
3.Unremitted profit (255,594) (296,858)
4.Others 0 0
3.Deposits and other accounts 0 521,574
4.Investments 0 0
3.Net markup/interest income (9,368) (9,654)
E.Other items
2.Commitments and contingencies 85,715 729,519
1.Spread ratio (D3/D1) -0.24 -0.24
6.Net markup/Interest income (after prov.) to total assets(D5/C) -0.02 0.00
8.Admin expense to profit before tax.(D8/D9) (times) -0.48 -1.39

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

G.Liquidity ratios
6.Gross advances to deposit (C5/B3) - 0.61
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

2.Reserves 0 0
4.Others 0 0
4.Investments 0 0
5.Gross advances 2,621,101 4,092,787
9.Fixed assets 23,262 19,422
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)

(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)

E.Other items
1.Spread (D3/D1) 0.26 0.27
G.Liquidity ratios
J.Cash flow ratio
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

( 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
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
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

(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
(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

(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
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
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
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

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

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
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
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
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
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
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

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

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
5.Provision against NPL to NPLs (C7/C6) - 0.50 0.52
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
1.Share capital - 5,000,000 5,000,000
2.Reserves - 72,602 162,093
4.Others - (81,849) 495,517
2.Borrowings from financial institutions - 186,154 5,296,808
3.Deposits and other accounts - 0 395,000
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
1.Markup/interest earned - 672,254 971,221
3.Net markup/interest income - 540,453 763,771
4.Provisions and write-offs - 108,921 192,918
E.Other items

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

0.57
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
36,890,373
725,403
1,216,866
48,793,127
161,339
46,355
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
4.Cash generated from operating activities - (1,218,859) 5,487,232
5.Commitments and contigencies - 448,894 1,141,106
1.Spread (D3/D1) - 0.80 0.79
G.Liquidity ratios
6.Gross advances to deposits (C5/B3) - - 4.45
4.NPLs write off to NPLs provisions (D4/C7) - - 7.68
5.Provision against NPL to NPLs (C7/C6) - - -
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
1.Share capital - 6,457,200 6,457,200
2.Reserves - 70,889 173,598
4.Others - (625) 2,526,213
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
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
2.Borrowings from financial institutions - 726,754 975,685
3.Deposits and other accounts - 0 0
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
1.Markup/interest earned - 530,032 1,050,697
3.Net markup/interest income - 523,817 1,014,262
4.Provisions and write-offs - 50,000 197,273
E.Other items
4.Cash generated from operating activities - (15,893) (3,029,800)
5.Commitments and contigencies - 1,078,614 1,753,996
1.Spread (D3/D1) - 0.99 0.97
G.Liquidity ratios

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

4,180,683
220,251
19,762,234
62,586
1,553,209
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
6.Gross advances to deposits (C5/B3) - - -
4.NPLs write off to NPLs provisions (D4/C7) - - 0.80
5.Provision against NPL to NPLs (C7/C6) - - -
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
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
3.Deposits and other accounts 1,947,500 37,500 4,075,951
4.Other/misc. liabilities 822,356 750,649 691,429
1.Cash and balances with treasury banks 24,849 17,179 92,512
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
9.Fixed assets 121,588 107,138 111,266
10.Other/misc. assets 164,141 288,981 705,455
2.markup/interest expensed 894,330 551,191 1,189,263
3.Net markup/interest income 607,573 607,354 608,292

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

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
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
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
1.Spread (D3/D1) 0.40 0.52 0.34
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
6.Net markup/interest income(after provisions) to total assets(D5/C) 0.02 -0.26 0.00
8.Admin. expenses to profit before tax. (D8/D9) (times) 0.23 -0.07 0.53
11.Earning per share (D10/E1) 6038.15 -17091.95 2151.53
G.Liquidity ratios
1.Capital ratio (A/C) 0.53 0.54 0.37
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) -0.79 -0.60 14.49
(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

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
PAK LIBYA HOLDING COMPANY LTD.
Items 2007 2008 2009
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)
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
9.Fixed assets 63,776 52,281 82,960
2.markup/interest expensed 961,746 1,105,089 1,145,347
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)
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)
1.Spread (D3/D1) 0.24 0.31 0.29
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

(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

(Thousand Rupees)
2018
4,383,660
6,141,780
311,650
(2,069,770)
(215,171)
16,259,548
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
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
8.Admin. expenses to profit before tax. (D8/D9) (times) 0.32 3.33 -0.30
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.Capital ratio (A/C) 0.36 0.60 0.40
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
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)
2.Balances with other banks 1,641,977 508,560 590,362
4.Investments 9,052,600 6,996,478 10,775,046

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

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
39,961,645
9,010,490
995,399
58,110,472
122,604
2,275,589
5,434,296
28,433,357
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
9.Fixed assets 73,887 67,109 62,538
5.Net markup/interest income after provisions 465,672 466,255 (47,295)
6.Non-markup/interest income 957,144 (62,050) (359,896)
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
1.Spread (D3/D1) 0.34 0.35 0.29
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
8.Admin. expenses to profit before tax. (D8/D9) (times) 0.29 2.02 -0.36
10.Admin. expenses to non-markup/interest income (D8/D6) (times) 0.20 -4.12 -0.65
G.Liquidity ratios

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

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
1.Capital ratio (A/C) 0.34 0.41 0.32
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
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
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
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
3.Net markup/interest income (4,674) 235,818 442,288
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
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
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

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
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
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)
1.Spread (D3/D1) 0.00 0.12 0.24
6.Net markup/interest income(after provisions) to total assets(D5/C) -0.02 0.02 -0.01
8.Admin. expenses to profit before tax. (D8/D9) (times) 5.02 0.04 0.48
G.Liquidity ratios
1.Capital ratio (A/C) 0.28 0.31 0.38
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times) 35.96 1.24 -1.93
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

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
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
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 assets(D5/C) 0.09 0.08 0.09 0.11 0.11
(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

7.Markup/interest expense to markup/interest income (D2/D1) 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+D6) 0.66 0.61 0.59 0.62 0.58
10.Admin. expense to non-markup/interest income (D8/D6) (times) 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
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
1.Capital ratio (A/C) 0.25 0.25 0.26 0.26 0.24
2.Commitments & contingencies to total equity (E5/A) (times) 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 tax (E4/D10)

-76.32
(times) 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

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

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
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
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 assets(D5/C) - 0.05 0.08 0.09 0.10
7.Markup/interest expense to markup/interest income (D2/D1) - 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+D6) - 2.67 2.54 1.94 2.07
10.Admin. expense to non-markup/interest income (D8/D6) (times) - - 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
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

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

5.Provision against NPL to NPLs (C7/C6) - - 0.89 0.95 0.88
1.Capital ratio (A/C) - 0.89 0.84 0.88 0.83
2.Commitments & contingencies to total equity (E5/A) (times) - 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
- -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
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
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

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

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
1.Spread (D3/D1) 0.97 0.67 0.62 0.67 0.58
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
8.Admin. expense to profit before tax. (D8/D9) (times) -2.77 -1.74 -2.39 19.00 -14.45

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.Capital ratio (A/C) 0.94 0.19 0.08 0.52 0.35
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10)-1.27

(times) -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
4.Others 43,496 (654,017) (2,944,181) (2,930,113) (4,052,815)
1.Bills payable 2,305 17,197 1,813 4,922 5,840

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

2.Borrowings from financial institutions 0 0 0 201,100 115,001
2.Balances with other banks 293,881 403,525 948,330 597,224 409,991
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
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
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
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
2.Cash dividend 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
1.Spread (D3/D1) 0.76 0.69 0.69 0.71 0.72
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
8.Admin. expense to profit before tax. (D8/D9) (times) -2.85 -3.42 -114.95 33.47 5.39
11.Earning per share (D10/E1) -1.94 -0.84 0.00 0.37 0.26
G.Liquidity ratios

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

1.Capital ratio (A/C) 0.14 0.44 1.02 0.66 0.71
J.Cash flow ratio
0.38 -0.23 48.10 1.15 0.97
KHUSHHALIBANK LIMITED
Items 2011 2012 2013 2014 2015
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
1.Bills payable 31,406 27,758 24,296 63,102 42,081
4.Other/misc. liabilities 189,656 386,347 627,457 930,854 1,228,651
1.Cash and balances with treasury banks 232,404 482,696 617,892 701,036 1,001,222
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
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
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

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

5.Net markup/interest income after provisions 848,769 861,175 1,493,802 2,162,246 2,908,235
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
2.Cash dividend 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
1.Spread (D3/D1) 0.78 0.76 0.73 0.74 0.72
G.Liquidity ratios
1.Capital ratio (A/C) 0.28 0.25 0.21 0.20 0.15
J.Cash flow ratio

(times) 5.38 0.82 -2.02 2.47
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

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
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.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
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
1.Markup/interest earned 478,692 941,712 1,402,013 224,924 353,308
6.Non-markup/interest income 194,680 248,229 375,977 1,404,855 531,145
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
2.Cash dividend 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
1.Spread (D3/D1) 0.45 0.47 0.56 0.87 0.85
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

(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

8.Admin. expense to profit before tax. (D8/D9) (times) 9.20 3.56 2.24 -3.86 -5.26
11.Earning per share (D10/E1) 0.42 1.67 2.44 -0.74 -0.26
G.Liquidity ratios
5.Provision against NPL to NPLs (C7/C6) - 2.95 3.61 370.00 -
1.Capital ratio (A/C) 0.20 0.18 0.14 0.41 0.20
J.Cash flow ratio

-39.83
(times) 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
3.Deposits and other accounts 632,545 1,830,958 3,618,714 5,159,810 7,255,316
4.Investments 61,456 1,470,848 2,451,195 3,971,191 2,151,133

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

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
9.Fixed assets 214,302 243,245 244,171 222,810 221,427
1.Markup/interest earned 478,692 941,712 1,402,013 1,731,236 2,053,934
3.Net markup/interest income 217,332 446,054 784,235 938,149 1,312,886
7.Non-markup/interest expenses 353,789 526,715 757,019 918,213 1,121,540
9.Profit/(loss) before taxation 36,689 148,030 337,672 285,732 650,238
E.Other items
2.Cash dividend 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
1.Spread (D3/D1) 0.45 0.47 0.56 0.54 0.64
G.Liquidity ratios
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

5.Provision against NPL to NPLs (C7/C6) - 2.95 3.61 1.31 5.94
1.Capital ratio (A/C) 0.20 0.18 0.14 0.17 0.17
J.Cash flow ratio

-39.83
(times) 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
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
3.Deposits and other accounts 25,342 26,806 28,730 22,128 24,845
C.Total assets (C1 to C4 + C8 to C10) 747,464 746,798 879,096 1,114,932 1,127,183
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
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
2.Markup/interest expensed 358 202 332 250 250
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
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

2.Cash dividend 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
1.Spread (D3/D1) 1.00 1.00 1.00 1.00 1.00
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
8.Admin. expense to profit before tax. (D8/D9) (times) 13.62 -124.60 -2.71 110.79 14.16
11.Earning per share (D10/E1) 0.07 -0.02 -0.32 -0.06 0.05
G.Liquidity ratios
1.Capital ratio (A/C) 0.94 0.94 0.94 0.96 0.95
J.Cash flow ratio

(times) -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
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

B.Total liabilities(B1 to B4) 2,430
1.Bills payable 0
2.Borrowings from financial institutions 0
3.Deposits and other accounts 0
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
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
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
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

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) -
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) -
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
1.Share capital 1,346,939 1,346,939
2.Reserves 828,142 1,050,952
4.Others 22,009 30,496
1.Bills payable 0 0
4.Investments 3,775,640 3,784,189
5.Gross advances 8,981,390 12,186,090
9.Fixed assets 556,761 645,474

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

E.Other items
1.Spread (D3/D1) 0.75 0.81
G.Liquidity ratios

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

J.Cash flow ratio
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
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
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
9.Fixed assets 127,435 130,120 141,607 205,717 382,967
3.Net markup/interest income 654,789 725,879 911,723 1,065,389 1,377,462
7.Non-markup/interest expenses 712,980 774,688 839,158 979,539 1,052,103
9.Profit/(loss) before taxation (80,875) (53,702) 111,777 100,179 385,009
E.Other items
2.Cash dividend 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
1.Spread (D3/D1) 0.57 0.58 0.64 0.64 0.70

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

8.Admin. expense to profit before tax. (D8/D9) (times) -8.78 -14.39 7.46 9.75 2.73
11.Earning per share (D10/E1) -0.84 -0.47 1.06 0.81 2.31
G.Liquidity ratios
1.Capital ratio (A/C) 0.11 0.12 0.11 0.11 0.12
J.Cash flow ratio

(times) -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
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
3.Deposits and other accounts 7,091 5,574 205,178 702,579 1,065,316
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

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

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
2.Markup/interest expensed 593 452 1,305 16,533 53,890
4.Provisions and write-offs 81 515 363 2,046 4,957
9.Profit/(loss) before taxation 8,290 (17,107) (102,788) (136,636) 29,919
E.Other items
2.Cash dividend 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
1.Spread (D3/D1) 0.95 0.97 0.99 0.89 0.77
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
8.Admin. expense to profit before tax. (D8/D9) (times) 0.88 -1.86 -2.12 -2.92 15.65
11.Earning per share (D10/E1) 0.44 -0.15 -0.38 -0.82 0.06
G.Liquidity ratios

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

1.Capital ratio (A/C) 1.15 1.00 0.77 0.53 0.47
J.Cash flow ratio

(times) 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
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
3.Deposits and other accounts 0 112,151 645,369 1,287,919 3,197,311
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
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
4.Provisions and write-offs 0 6 1,001 1,583 5,170
6.Non-markup/interest income 0 1,311 188,009 1,404,855 2,651,072
9.Profit/(loss) before taxation (56,415) (34,640) (212,779) (148,904) (193,668)

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

10.Profit/(loss) after taxation (56,533) (35,194) (215,960) (107,054) (37,277)
E.Other items
2.Cash dividend 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
1.Spread (D3/D1) 0.43 0.99 0.91 0.87 0.85
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
8.Admin. expense to profit before tax. (D8/D9) (times) -1.09 -4.14 -1.66 -3.86 -5.26
10.Admin. expense to non-markup/interest income (D8/D6) (times) - 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
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
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
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 -
1.Capital ratio (A/C) 0.99 0.89 0.43 0.41 0.20
J.Cash flow ratio
0.81 -2.43 -1.09 -2.04 -35.97
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
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
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
(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
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

(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
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
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/D9) (times) -3.51 2.77 -3.24 -3.64
2.Cash generated from operating activities to current liabilities (E4/B2) (times)0.07 0.08 0.24 0.14
Capital Assets Leasing Corporation Ltd.

Items Not available Not available Not available
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
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)
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

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
184,509
117,205
117,205
67,304
407,372
294,578
268,819
25,759
112,794
726
9,291
10,017
102,777
64,460
64,460
64,460
8,234
E.Other items
2.Cash dividend
3.Stock dividend
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)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C2e/C)
2.Net investment in finance lease to total assets (C1a/C)
4.Total liabilities to total assets (B/C) (times)
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

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

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
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
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)
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
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/D9) (times) - 13.65 -1.47 -2.23
2.Cash generated from operating activities to current liabilities (E4/B2) (times) - 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

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

(Thousand Rupees)
2018
69,363
215,000
59,257
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
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
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)
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
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
(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

(204,894)
202,723
40,975
39,224
1,751
161,748
272,086
85,128
83,635
1,431
62
186,958
274
4,021
4,295
182,663
9,403
9,403
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.Capital ratio (A/C) 0.15 0.00 0.19 0.15
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)-10.83 -16.65 0.43 0.24
2.Cash generated from operating activities to current liabilities (E4/B2) (times)-0.32 0.35 -0.04 -0.05
Orix Leasing Pakistan Ltd.

Items 2007 2008 2009 2010
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.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
C.Total assets (C1 + C2) 26,155,984 27,814,980 27,323,206 23,779,026
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
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
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
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

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

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
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
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
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
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
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.Capital ratio (A/C) 0.09 0.00 0.08 0.08
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) 6.51 2.06 -5.76 9.02
Pak-Gulf Leasing Co. Ltd.

Items 2007 2008 2009 2010
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
a.Borrowings from financial and other institutions 8,582 0 25,000 8,333
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
b.Fixed assets 51,530 47,894 82,710 77,532
c.Other/misc. assets 4,213 3,081 221 3,122
c.Term deposits certificate 0 0 0 1,530

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
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
15,601
40,387
0
1.Income from finance lease 0 0 0 0
4.Income from investments 725 703 5,184 4,738
5.Other income 1,201 150 349 487
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
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
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
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.Capital ratio (A/C) 0.43 0.00 0.47 0.49
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times)34.97 0.69 -2.10 2.03
2.Cash generated from operating activities to current liabilities (E4/B2) (times)0.66 0.06 -0.32 0.58
SME Leasing Ltd.

Items 2007 2008 2009 2010
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

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

55,988
789,455
178,155
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)
397,318
188,291
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.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
a.Cash and balances with treasury banks 23,705 33,964 36 26
c.Term deposits certificate 0 0 0 28,660
2.Income from operating lease 272 0 0 1,079
4.Income from investments 250 5,663 (4,674) 0
5.Other income 15,954 15,951 19,268 11,043
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
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
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.Capital ratio (A/C) 0.23 0.00 0.22 0.30

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

0
179,200
9,091
209,027
509,000
344,622
273,330
5,076
66,216
164,378
88
6,042
6,130
158,248
31,160
31,160
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
I.Cash flow ratio
2.Cash generated from operating activities to current liabilities (E4/B2) (times)-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
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
C.Total assets (C1 + C2) 6,538,331 7,435,386 5,902,934 4,471,513
b.Fixed assets 208,861 256,383 260,795 119,283
a.Cash and balances with treasury banks 306 49,704 14,125 30
c.Term deposits certificate 407,294 11,250 1,013 184,682
e.Cash & cash equivalent (a + b + c + d) 1,362,981 480,733 124,004 203,223
5.Other income 241,056 316,561 177,970 132,554
E.Other items
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

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)

3.49
1.27
-0.13
(Thousand Rupees)
2018
(693,390)
979,813
177,928
(1,851,131)
10,631
1,385,478
1,385,478
702,719
54,211
21,541
32,670
648,508
9,645
94
29,402
39,141
609,367
9,052
693
9,745
2,238
11,983
39,433
(52,263)
(52,674)
45,160
0.00
0.00
(580)
G.Liquidity 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/D9) (times)-11.40 -3.28 -1.80 -2.71
2.Cash generated from operating activities to current liabilities (E4/B2) (times)-0.16 -0.05 0.26 0.33
Security Leasing Corporation Ltd.

Items 2007 2008 2009 2010
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.Deposit on finance lease 939,829 1,027,875 654,860 285,544
c.Other/misc. liabilities 2,586 2,586 0 0
C.Total assets (C1 + C2) 5,400,483 5,577,274 3,966,168 2,749,705
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
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

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

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
452,631
685,879
417,319
15,541
66,952
334,826
268,560
31
3,309
54,000
57,340
211,220
3,796
4.Income from investments 0 0 (108,625) (49,674)
5.Other income 146,166 556,615 (60,802) 8,467
8.Profit/(loss) before taxation 48,856 (10,039) (468,114) (291,909)
E.Other items
2.Cash dividend 0.09 0.09 0.00 0.00
3.Stock dividend 0.00 0.00 0.00 0.00
G.Liquidity ratios
1.Capital ratio (A/C) 0.11 0.00 0.05 0.02
I.Cash flow ratio
2.Cash generated from operating activities to current liabilities (E4/B2) (times)-0.12 0.07 0.03 0.16
Sigma Leasing Corporation Limited (Thousand Rupees

Items 2007 2008 2009 2010
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
a.Borrowings from financial and other institutions 245,820 141,667 33,333 397

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
57,882
20,980
54,367
0
3,796
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
C.Total assets (C1 + C2) 1,631,138 1,370,140 979,470 531,492
b.Fixed assets 87,703 85,513 82,337 81,654
c.Other/misc. assets 1,158 1,069 949 830
c.Term deposits certificate 103,133 163,257 137,332 60,118
2.Income from operating lease 1,040 11,100 5,192 184
5.Other income 21,456 22,261 10,540 31,844
8.Profit/(loss) before taxation 68,424 58,147 (74,417) (486)
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
6.Administrative expenses to profit before tax. (D7/D9) (times) 0.32 0.44 -0.35 3.61
G.Liquidity ratios
1.Capital ratio (A/C) 0.23 0.00 0.31 0.59
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) 0.10 6.91 -4.80 31.18
511,576
176,560
108,608
67,609
343
335,016
57
23,317
213,618
236,992
98,024
25,052
19,585
44,637
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
Standard Chartered Leasing Ltd.
Items 2007 2008 2009 2010
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)
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
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
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
f.Other/misc. current assets 1,253,275 920,815 698,435 784,657
1.Income from finance lease 3,288 0 0 206,423
4.Income from investments 102 7,493 0 269
5.Other income 37,341 23,297 14,464 16,159
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
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)
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

(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

Not available
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.Capital ratio (A/C) 0.10 0.00 0.37 0.33
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D9) (times) -4.44 -9.57 7.25 -5.18
2.Cash generated from operating activities to current liabilities (E4/B2) (times)0.84 0.56 -0.45 -0.16
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

Investment Banks - Overall
Items 2007 2008 2009 2010

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
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
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
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
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
5.Operating expenses to net income (D2/D6) 1.83 2.05 -0.25 -1.11
G.Liquidity ratios
3.Long term investment to total assets (C2b/C) 0.18 0.17 0.10 0.11
1.Capital ratio (A/C) 0.17 0.18 0.11 0.15
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6)

1.10(times) -1.64 0.24 -2.31
(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
(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

Escorts Investment Bank Ltd.
Items 2007 2008 2009 2010
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
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
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)
E.Other items
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
2.Return on capital employed (ROCE) (D5/(C-B1)) 0.08 0.05 0.00 -0.14
G.Liquidity ratios
1.Capital ratio (A/C) 0.14 0.13 0.28 0.22
I.Cash flow ratio

(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

-3.49(times) 1.89 0.75 -1.63
First Credit and Investment Bank

Items 2007 2008 2009 2010
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
b.Other current assets 1,254,137 986,458 803,859 602,578
a.Fixed assets 12,478 9,730 6,943 4,461
1.Gross revenue 190,286 178,306 214,296 164,282
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
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
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
G.Liquidity ratios
1.Capital ratio (A/C) 0.27 0.32 0.45 0.56

-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

I.Cash flow ratio

-3.75(times) -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)
C.Total assets (C1+C2) 12,218,137 11,064,195 5,136,416 3,148,107
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
1.Gross revenue 1,235,302 1,468,881 235,222 292,791
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
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 846,221 (256,868) (485,352) 1,190,133
5.Operating expenses to net income (D2/D6) 0.41 0.01 -0.05 0.26
G.Liquidity ratios
1.Capital ratio (A/C) 0.13 0.00 -0.08 0.22

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

2.Break up value per share (A/E1) 32.14 31.24 -6.44 5.13
I.Cash flow ratio

4.71(times) -2.26 0.27 3.15
IGI Investment Bank Ltd.

Items 2007 2008 2009 2010
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)
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
a.Fixed assets 85,573 112,052 88,449 188,030
c.Other non-current assets 710,451 411,623 1,147,548 501,835
1.Gross revenue 585,990 764,137 769,368 1,047,236
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
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 111,248 (368,225) 157,909 676,242
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

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

1.Capital ratio (A/C) 0.16 0.23 0.29 0.16
I.Cash flow ratio

-2.84(times) 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
c.Other non-current assets 100 33,055 1,650,590 794,922
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
2.Cash dividend 0.00 0.00 0.00 0.00
1.Return on equity (ROE) (D6/A) 0.13 0.00 0.19 -3.55
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
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

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

0.23(times) 19.52 2.27 -0.73
Security Investment Bank Ltd.

Items 2007 2008 2009 2010
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
b.Other current assets 2,493,633 672,980 710,078 624,808
a.Fixed assets 5,747 4,919 3,630 1,813
1.Gross revenue 315,726 192,045 64,289 88,186
4.Finance cost 0 0 0 45,637
5.Profit/(loss) before taxation 97,778 26,828 (202,728) 8,708
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (156,345) (27,543) (31,171) (168,174)
G.Liquidity ratios
-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

1.Capital ratio (A/C) 0.23 0.01 0.51 0.67
I.Cash flow ratio

-1.75(times) -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
C.Total assets (C1+C2) 6,443,678 7,932,081 6,475,331 5,906,186
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
1.Gross revenue 732,403 949,051 694,857 451,182
4.Finance cost 428,762 538,473 875,119 685,568
E.Other items
2.Cash dividend 0.15 0.00 0.00 0.00
4.Cash generated from operating activities 943,352 (1,211,474) 660,426 312,103
G.Liquidity ratios
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

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

9.15(times) -8.09 -0.92 -0.44
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

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
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
4.Cash generated from operating activities 14,414,193 (2,120,718) (632,206) 1,321,602
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

(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
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

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 (G4/F) (time) 1.10 -30.76 0.05 0.44
Al-Meezan Mutual Fund (Thousand Rupees)

Items 2007 2008 2009 2010
2.Reserves 44,729 43,091 23,571 34,744
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
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
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
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
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
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
26,340
2,827
23,513
1,733,655
275,093
1,430,267
28,295
393,294
25,669
106,606
215,313
45,706
33,561
31,854
783
838
86
359,733
137,540
0.00
0.00
329,909
0.66
0.00
0.91
0.21
0.95
10.00
7.Earning per share (F/G1) 4.57 -0.08 -4.18 2.59
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 1.68 19.84 -0.19 0.65
Asian Stocks Fund Limited (Thousand Rupees)

Items 2007 2008 2009 2010
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
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
2.Investments 740,876 748,744 485,037 536,162
3.Others 11,965 36,044 2,738 5,867
1.Income (a to g) 96,251 35,503 (138,533) 101,444
a.Markup/interest income 0 0 0 11,488
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)
g.Other income 13,120 11,995 1,878 1
2.Remuneration to trustees/custodians 0 0 699 656
3.Brokerage-commission /fee 0 0 0 0
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
4.Cash generated from operating activities 205,375 (186,085) (24,263) 94,895
1.Gain ratio (D1c to D1g)/D1 0.89 0.28 1.16 0.73

2.62
0.16
0.02
0.79
0.92
(Thousand Rupees)
645,077
900,000
(254,923)
2,545
1,089
1,456
647,622
2,923
635,911
8,788
101,012
12,669
26,510
42,745
19,065
23
17,330
13,179
601
626
2,924
83,682
90,000
0.07
0.00
(94,777)
0.61
I.Liquidity ratios
K.Cash flow ratio
Atlas Fund of Funds (Thousand Rupees)

Items 2007 2008 2009 2010
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)
1.Payable to investment advisor 15,142 2,314 690 551
2.Others 5,689 5,984 1,816 5,362
2.Investments 441,048 512,303 226,189 306,439
3.Others 16,678 11,538 3,003 10,831
1.Income (a to g) 113,164 45,705 (258,159) 77,754
g.Other income 0 0 0 794
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
G.Other items
1.No. of units 52,500 52,500 52,500 52,500

0.00
0.83
0.13
0.76
10.00
0.93
0.00
0.00
1.39
-1.13
(Thousand Rupees)
472,946
525,000
(52,054)
(38,414)
9,646
679
8,967
444,178
16,087
419,914
8,177
147,383
5,483
38,110
27,367
66,914
9,509
12,542
6,960
740
227
4,615
134,841
52,500
2.Cash dividend 0.00 0.00 0.00 0.02
4.Cash generated from operating activities 132,912 34,852 22,601 (15,802)
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 1.38 1.25 -0.08 -0.24
First Capital Mutual Fund Limited (Thousand Rupees)

Items 2007 2008 2009 2010
2.Reserves 0 0 0 0
4.Others 0 0 0 0
2.Others 33,017 3,528 2,808 8,978
2.Investments 352,440 336,537 195,890 172,919
3.Others 16,818 3,280 6,414 1,724
1.Income (a to g) 125,582 (30,743) (126,751) 42,193
a.Markup/interest income 0 0 1,365 3,981
e.Net unrealized gain/(loss) on investment 58,493 (71,012) (43,001) (9,752)
g.Other income 3,402 3,103 0 0
2.Remuneration to trustees/custodians 213 406 364 1,444
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)
257,219
300,000
(42,781)
16,081
5,009
11,072
273,300
36,187
232,307
4,806
42,219
10,231
12,126
21,975
(2,692)
579
13,486
5,009
1,465
461
4.Administrative and general expenses 0 0 2,562 6,934
5.Other 4,197 3,005 0 0
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
4.Cash generated from operating activities (75,993) (12,043) (797,303) 62,488
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)-0.66 0.29 5.96 2.16
First Dawood Mutual Fund (Thousand Rupees)

Items 2007 2008 2009 2010
2.Reserves 0 0 0 0
4.Others 0 0 0 0
2.Others 5,350 4,760 2,826 (765,702)
2.Investments 567,280 709,017 473,076 413,327
3.Others 216,907 14,745 26,413 16,216
1.Income (a to g) 182,408 67,386 (198,915) (17,159)
d.Net gain on sale of investments 0 0 0 10,144
f.Capital gain 42,121 130,808 (127,934) 0

6,551
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)
549,713
580,750
(31,037)
4,194
935
3,259
553,907
26,310
515,057
12,540
80,291
31,016
9,222
(4,144)
44,197
0
g.Other income 14,060 9,828 0 0
2.Remuneration to trustees/custodians 990 1,118 939 890
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
4.Return on assets (ROA) (F/C) 0.20 0.05 -0.42 -0.07
7.Earning per share (F/G1) 2.70 0.61 -3.79 -0.63
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)-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
2.Reserves 35,093 21,499 9,751 6,175
4.Others 0 0 0 0
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
2.Investments 1,237,709 1,203,832 545,849 968,766
3.Others 19,985 12,784 19,133 3,410
1.Income (a to g) 447,571 70,037 (374,128) 179,751

0
15,257
10,753
903
788
2,813
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

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
5.Other 536 0 0 0
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
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 0.27 1.56 -0.59 -1.99
JS Growth Fund (Thousand Rupees)

Items 2007 2008 2009 2010
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
1.Payable to investment advisor 118,292 9,510 5,304 968
2.Others 767,183 109,386 57,113 61,576
1.Cash & bank balances 1,811,357 336,439 704,134 738,045

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)
3,180,705
3,180,044
506,438
(505,777)
(145,936)
67,011
714
66,297
3,101,780
82,152
2.Investments 4,810,140 5,006,067 2,224,507 2,188,255
3.Others 175,964 38,615 26,148 31,820
1.Income (a to g) 1,563,264 (269,699) (1,603,098) 171,614
d.Net gain on sale of investments 653,264 (18,642) (840,680) 134,223
g.Other income 3,173 0 417 1,739
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
1.Gain ratio (D1c to D1g)/D1 0.79 1.91 1.15 -0.10
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 1.51 1.54 -0.18 8.74
JS Value Fund (Thousand Rupees)

Items 2007 2008 2009 2010
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

2,863,246
156,382
733,167
44,701
184,340
423,338
80,788
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)
1,205,768
1,185,750
10,000
10,018
0
1.Payable to investment advisor 38,012 4,152 1,985 102
2.Others 188,420 18,954 15,778 16,783
2.Investments 1,469,071 1,908,853 959,730 934,113
3.Others 24,630 10,703 7,050 7,680
1.Income (a to g) 709,634 922,276 (1,255,689) (54,766)
e.Net unrealized gain/(loss) on investment 457,544 273,978 (680,538) (241,709)
g.Other income 0 0 0 0
3.Brokerage-commission /fee 3,852 2,547 0 0
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
4.Cash generated from operating activities 784,961 333,551 (302,428) (109,440)
4.Return on assets (ROA) (F/C) 0.28 0.32 -1.03 -0.11
7.Earning per share (F/G1) 5.53 7.24 -10.94 -0.98
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 1.20 0.39 0.23 0.94
Meezan Balanced Fund (Thousand Rupees)

Items 2007 2008 2009 2010
20,343
221
20,122
1,226,111
67,159
1,148,780
10,172
308,390
12,556
64,609
58,293
172,932
47,809
23,312
2,143
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)
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
2.Others 57,225 4,600 13,525 21,993
2.Investments 951,211 1,398,691 992,205 985,810
3.Others 236,460 25,981 24,410 23,818
1.Income (a to g) 380,620 70,836 (117,193) 289,304
c.Income from future transactions 18,791 (15,000) 0 0
g.Other income 221 0 0 (9,193)
3.Brokerage-commission /fee 6,076 3,169 2,670 826
5.Other 0 0 0 0
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
2.Trading income (D1c/D1) 0.05 -0.21 0.00 0.00
I.Liquidity ratios

1,436,138
1,200,000
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
107,302
12,054
(11,500)
28,017
28,069
1,596
509
(2,157)
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
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 2.16 -12.05 -1.60 1.05
NAMCO Balanced Fund (Thousand Rupees)

Items 2007 2008 2009 2010
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
2.Others 38,727 7,600 5,066 12,479
2.Investments 909,601 837,373 625,517 557,838
3.Others 68,340 164,854 79,967 9,018
1.Income (a to g) 173,063 16,879 (261,998) 136,606
d.Net gain on sale of investments 79,099 70,164 0 0
f.Capital gain 0 0 (94,701) 149,514
g.Other income 5,210 1,494 (48,430) 0
2.Remuneration to trustees/custodians 1,498 1,235 810 773
5.Other 137 324 891 5,478
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
4.Cash generated from operating activities (771,519) (122,371) (41,409) 216,295

0.81
(Thousand Rupees)
757,930
1,000,000
(242,070)
8,277
10,869
3,735
7,134
777,076
171,524
597,937
7,615
130,014
38,778
24,129
(47,055)
114,162
44,048
22,689
634
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
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)-5.65 4.85 0.14 2.16
PICIC Energy Fund (Thousand Rupees)

Items 2007 2008 2009 2010
2.Reserves 0 0 0 0
4.Others 0 0 0 0
2.Others 33,230 9,547 9,978 10,424
2.Investments 617,107 939,203 811,465 897,764
3.Others 14,650 15,361 11,389 3,408
1.Income (a to g) 109,782 113,925 (111,597) 160,159
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
5.Other 1,906 2,144 2,143 1,956
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
1.Gain ratio (D1c to D1g)/D1 24.82% 47.46% 168.29% 62.42%

0.22
0.01
1.29
0.53
(Thousand Rupees)
1,059,643
1,000,000
59,643
19,130
1,850
17,280
1,078,773
77,090
994,036
7,647
326,671
10,600
88,847
20,660
206,564
36,844
27,079
1,323
6,022
2,420
289,827
100,000
0.28
0.00
188,598
69.56%
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%
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%
Shareholders equity to total assets (A1/C) 88.14% 92.37% 114.77% 106.57%
K.Cash flow ratio
PICIC Growth Fund

Items 2007 2008 2009 2010
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
2.Others 457,242 90,484 92,698 185,200
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
1.Income (a to g) 2,127,240 (291,248) (2,176,540) 769,108
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
5.Other 7,614 5,201 4,330 4,303
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

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

4.Cash generated from operating activities 1,831,677 973,177 (281,691) 511,400
I.Liquidity ratios
K.Cash flow ratio
PICIC Investment Fund

Items 2007 2008 2009 2010
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
2.Others 270,177 68,006 69,899 144,678
2.Investments 5,637,334 4,684,995 2,852,840 3,248,518
3.Others 234,536 31,817 38,436 42,119
1.Income (a to g) 1,261,168 (107,405) (1,187,175) 402,586
f.Capital gain 0 0 (1,017,195) 486,850
g.Other income 1,250 0 7,674 8

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

5.Other 5,483 4,096 3,332 3,895
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
4.Cash generated from operating activities 1,053,318 628,795 (227,214) 133,363
I.Liquidity ratios
K.Cash flow ratio
Pak Oman Advantage Fund

Items 2007 2008 2009 2010
2.Reserves 0 0 0 0
4.Others 3,366 10,970 (36,810) (16,272)
2.Others 609 1,551 1,590 5,768
2.Investments 647,155 833,058 1,019,328 778,421
3.Others 152,475 36,257 46,558 25,790
1.Income (a to g) 27,568 120,221 126,464 131,176
b.Dividend income 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

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)
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
2.Remuneration to trustees/custodians 287 1,230 1,328 1,338
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%
1.Gain ratio (D1c to D1g)/D1 0.31 0.04 -0.22 -0.08
4.Return on assets (ROA) (F/C) 0.02 0.09 0.10 0.09
7.Earning per share (F/G1) 0.23 10.19 1.07 1.04
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

-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
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
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
2.Investments 1,038,085 846,114 529,901 579,764
3.Others 12,531 33,339 4,180 4,613
1.Income (a to g) 253,665 6,554 (170,271) 130,886
a.Markup/interest income 0 1,427 1,731 389

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)
661,979
544,500
33,000
84,479
2,338
1,118
1,220
664,317
995
658,398
4,924
95,835
12,249
27,177
c.Income from future transactions 0 0 3,566 0
g.Other income 5,262 7,604 1,788 10,750
2.Remuneration to trustees/custodians 0 1,471 804 687
3.Brokerage-commission /fee 0 1,254 573 671
5.Other 15,316 52 169 10
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
2.Trading income (D1c/D1) 0.00 0.00 -0.02 0.00
I.Liquidity ratios
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time) 0.41 3.87 0.04 0.90
Tri-Star Mutual Fund Ltd.

Items Not available Not available Not available Not available
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
0
45,539
10,845
25
17,255
13,800
613
656
2,186
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

3.Others
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
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)
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)

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

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
C.Total assets (C1+C2) 25,335,590 28,666,813 23,281,343 24,492,815
a.Cash and banks balances 1,327,204 1,252,489 1,075,987 1,171,444
a.Fixed assets 4,872,096 7,635,615 7,011,209 9,303,864
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
4.Cash generated from operating activities 662,910 (692,866) 1,786,670 2,283,871
4.Return on revenue (D6/D1) 0.15 0.15 0.19 0.15
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.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

0.93 (times) -0.81 1.36 2.93
(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
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

2.Cash generated from operating activities to current liabilities0.07
(E4/B1) (times) -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
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
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) (times) - - 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
1.Capital ratio (A/C) - - 0.68 0.70

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

2.Break up value per certificate (A/E1) - - 14.53 17.66
I.Cash flow ratio

- (times) - 1.56 1.91
2.Cash generated from operating activities to current liabilities (E4/B1)

- (times) - 1.35 1.67
Awwal Modaraba
Items Not Available Not Available Not Available Not Available
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
a.Fixed assets
b.Long-term investments
c.Other non-current assets
1.Gross revenue(loss)
2.Operating expenses
3.Operating profit
4.Modaraba co's management fees
E.Other items
1.No. of certificates (000)
2.Cash dividend
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

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

3.Long term investment to total assets (C2b/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
B.F. Modaraba
Items 2007 2008 2009 2010
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
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
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
1.Gross revenue(loss) 10,254 11,014 14,473 11,913
2.Operating expenses 1,641 1,845 2,201 2,523
4.Modaraba co's management fees 773 847 811 0
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
4.Cash generated from operating activities (21,996) 10,527 (1,307) (13,710)

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

G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.90 0.91 0.90
I.Cash flow ratio

-3.57 (times) 1.54 -0.36 -4.03
2.Cash generated from operating activities to current liabilities-7.69

(E4/B1) (times) 3.33 -0.15 -6.25
B.R.R. Guardian Modaraba

Items 2007 2008 2009 2010
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)
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
b.Other current assets 1,957,342 2,287,056 965,811 1,645,197
a.Fixed assets 182,585 986,678 505,989 289,635
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
2.Cash dividend 0.09 0.09 0.00 0.00
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

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

5.Operating expenses to net income (D2/D6) 0.01 0.65 0.20 -0.63
7.Earning Per Certificate (D6/E1) 1.89 1.94 6.44 -2.07
G.Liquidity Ratios
1.Capital ratio (A/C) 0.00 0.31 0.27 0.18
I.Cash flow ratio

4.48 (times) 3.25 0.99 -2.62

(E4/B1) (times) 0.32 0.45 0.21
Constellation Modaraba (Thousand Rupees)

Items 2007 2008 2009 2010
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
1.Current liablities 6,361 6,573 6,277 7,254
C.Total assets (C1+C2) 81,932 81,309 71,346 74,439
a.Cash and banks balances 12,329 21 86 240
a.Fixed assets 699 714 108 70
c.Other non-current assets 33,000 33,000 0 0
2.Operating expenses 4,228 332 4,227 4,903
3.Operating profit 4,354 4,025 (373) 2,444
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
4.Cash generated from operating activities 96,056 (17,078) 7,897 162

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)
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
4.Return on revenue (D6/D1) 0.00 0.07 -1.29 0.29
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) (times) 3.97 3.74 6.09 5.70
1.Capital ratio (A/C) 0.01 0.92 0.91 0.90
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax.107.45

(E4/D6) (times) -56.74 -1.58 0.08
2.Cash generated from operating activities to current liabilities

15.10
(E4/B1) (times) -2.60 1.26 0.02
Crescent Standard Modaraba

Items 2007 2008 2009 2010
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)
C.Total assets (C1+C2) 132,254 130,937 133,451 159,131
a.Cash and banks balances 286 16,088 16,490 20,812
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
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
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
2.Cash dividend 0.00 0.00 0.00 0.01

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)
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

G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.83 0.83 0.73
I.Cash flow ratio

5.15 (times) 79.02 18.45 3.84

(E4/B1) (times) 1.84 1.40 0.44
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

First Al-Noor Modaraba
Items 2007 2008 2009 2010
2.Reserves 67,772 79,628 80,970 83,677
4.Others (1,697) (18,622) (17,272) (1,568)
C.Total assets (C1+C2) 333,105 329,836 301,540 330,869
a.Fixed assets 56,456 76,032 42,064 43,338
c.Other non-current assets 0 3,840 25,885 15,012

(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

E.Other items
2.Cash dividend 0.06 0.10 0.00 0.05
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.95 0.98 0.93
I.Cash flow ratio

4.59 (times) 0.22 17.69 -0.83

(E4/B1) (times) 0.26 5.54 -0.52
First Elite Capital Modaraba

Items 2007 2008 2009 2010
2.Reserves 10,551 4,782 (850) 4,280
3.Unappropriated profit 0 0 0 0
4.Others 0 0 0 0
C.Total assets (C1+C2) 142,718 143,735 145,118 155,024
a.Fixed assets 1,712 1,791 1,620 1,758

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

E.Other items
2.Cash dividend 0.06 0.06 0.05 0.05
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.82 0.78 0.76
I.Cash flow ratio

2.41 (times) 0.58 0.19 -0.83

(E4/B1) (times) 0.45 0.09 -0.40
First Equity Modaraba

Items 2007 2008 2009 2010
2.Reserves 66,096 75,543 75,689 74,975
4.Others 0 0 0 0
2.Non-current liabilities 939 1,109 1,005 1,397
C.Total assets (C1+C2) 641,419 639,114 590,504 586,947
a.Fixed assets 12,460 16,964 15,189 19,051

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

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
2.Cash dividend 0.03 0.00 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
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.90 0.92 0.93
I.Cash flow ratio

3.54 (times) -4.14 -210.13 -19.06

(E4/B1) (times) -0.48 -0.68 0.36
First Fidelity Leasing Modaraba

Items 2007 2008 2009 2010
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
C.Total assets (C1+C2) 516,765 494,241 457,759 432,867

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

a.Fixed assets 158,927 181,426 105,765 75,272
E.Other items
2.Cash dividend 0.10 0.10 0.00 0.00
4.Return on revenue (D6/D1) 0.00 0.35 -0.03 -0.21
7.Earning Per Certificate (D6/E1) 1.26 1.58 -0.09 -0.45
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.71 0.71 0.75
I.Cash flow ratio

1.04 (times) -0.21 -6.99 -2.05

(E4/B1) (times) -0.14 0.23 0.28
First Habib Modaraba

Items 2007 2008 2009 2010
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
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
C.Total assets (C1+C2) 5,000,902 4,025,650 3,281,202 3,777,887

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

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
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
4.Modaraba co's management fees 16,590 (29,873) 27,068 29,713
E.Other items
2.Cash dividend 0.20 0.21 0.20 0.21
4.Cash generated from operating activities (232,787) 559,621 805,462 (102,404)
6.Management expenses (D4/D2) 0.01 -0.02 0.02 0.62
G.Liquidity Ratios
1.Capital ratio (A/C) 0.50 0.71 0.80 0.77
I.Cash flow ratio

-1.56 (times) 2.08 3.31 -0.38

(E4/B1) (times) 0.72 1.53 -0.14
First Imrooz Modaraba

Items 2007 2008 2009 2010
2.Reserves 44,089 47,123 49,329 55,043
4.Others 0 0 0 0

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

C.Total assets (C1+C2) 144,934 207,876 186,317 224,989
a.Fixed assets 5,041 6,746 5,248 7,535
b.Long-term investments 0 0 0 0
4.Modaraba co's management fees 2,931 2,712 2,607 0
E.Other items
2.Cash dividend 0.65 0.40 0.63 0.76
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.00 0.55 0.50
I.Cash flow ratio

2.49 (times) 0.61 0.62 -1.41

(E4/B1) (times) 0.08 0.18 -0.38
First National Bank Modaraba

Items 2007 2008 2009 2010
2.Reserves 63,090 24,906 27,061 32,308

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

3.Unappropriated profit 0 44,624 28,244 49,232
4.Others 0 (13,057) (16,822) 0
C.Total assets (C1+C2) 2,201,495 2,778,975 2,410,442 1,761,258
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
E.Other items
2.Cash dividend 0.12 0.10 0.00 0.10
G.Liquidity Ratios
1.Capital ratio (A/C) 0.00 0.12 0.13 0.19
I.Cash flow ratio

2.43 (times) 12.54 -36.98 31.77

(E4/B1) (times) 0.24 -0.28 0.72
First Pak Modaraba

Items 2007 2008 2009 2010
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
2.Reserves 16,521 15,710 15,466 18,225
4.Others 0 0 0 0
2.Non-current liabilities 814 1,308 609 434
C.Total assets (C1+C2) 103,202 102,160 64,200 71,686
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
3.Operating profit 6,458 10,963 (5) 4,682
4.Modaraba co's management fees 719 490 0 (766)
E.Other items
2.Cash dividend 0.03 0.03 0.00 0.03
6.Management expenses (D4/D2) 0.00 0.15 0.00 -0.16
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.95 0.93 0.93
I.Cash flow ratio

0.65 (times) -1.12 -1.36 2.78

(E4/B1) (times) -1.61 -10.92 3.88
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

First Paramount Modaraba
Items 2007 2008 2009 2010
2.Reserves 37,521 41,229 50,277 56,127
4.Others 0 0 0 0
C.Total assets (C1+C2) 165,192 205,784 227,236 248,542
a.Fixed assets 53,122 53,830 59,510 29,104
c.Other non-current assets 29,071 41,272 3,126 3
4.Modaraba co's management fees 934 1,373 2,011 0
E.Other items
2.Cash dividend 0.11 0.14 0.15 0.18
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.53 0.52 0.51

(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

I.Cash flow ratio

1.75 (times) 2.68 1.40 1.17

(E4/B1) (times) 0.42 0.27 0.19
First Prudential Modaraba

Items 2007 2008 2009 2010
2.Reserves 99,077 113,586 113,586 120,245
4.Others (1,311) 0 0 0
C.Total assets (C1+C2) 721,436 753,604 753,604 569,966
a.Fixed assets 3,265 1,877 1,877 85,179
E.Other items
2.Cash dividend 0.03 0.03 0.00 0.03
G.Liquidity Ratios
-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

1.Capital ratio (A/C) 0.01 0.80 0.80 0.89
I.Cash flow ratio

2.06 (times) -0.42 -0.42 2.71

(E4/B1) (times) -0.19 -0.19 1.99
First Punjab Modaraba

Items 2007 2008 2009 2010
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
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
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
1.Gross revenue(loss) 435,314 715,988 1,127,458 990,266
3.Operating profit 425,044 697,816 1,103,329 963,616
E.Other items
2.Cash dividend 0.06 3.02% 0.00 0.01
G.Liquidity Ratios
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

1.Capital ratio (A/C) 0.00 0.12 0.12 0.14
I.Cash flow ratio

2.21 (times) -86.60 5.38 45.11

(E4/B1) (times) -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
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)
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

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

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
3.Long term investment to total assets (C2b/C) - 0.00 0.00 0.02
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

- (times) 15.56 3.44 -0.45

- (times) -6.11 -0.43 -0.08
First Tri-Star Modaraba

Items 2007 2008 2009 2010
2.Reserves 26,075 26,176 28,451 30,053
4.Others (12,773) (11,890) (17,269) (18,267)
C.Total assets (C1+C2) 192,704 225,601 216,332 261,046
a.Cash and banks balances 341 269 113 1,686
a.Fixed assets 348 8,909 274 244
c.Other non-current assets 13,492 25 6,779 4,412
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
2.Cash dividend 0.00 0.00 0.05 0.00
4.Cash generated from operating activities (3,586) (7,003) 473 (7,715)

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

G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.89 0.98 0.80
I.Cash flow ratio

-0.71 (times) -13.89 0.04 -0.96

(E4/B1) (times) -0.19 0.02 -0.11
First UDL Modaraba

Items 2007 2008 2009 2010
2.Reserves 97,608 127,761 146,307 161,538
4.Others 19,131 (1,436) 25 485
C.Total assets (C1+C2) 560,676 588,198 613,947 640,295
a.Fixed assets 50,321 88,293 107,290 96,218
E.Other items
2.Cash dividend 0.10 0.10 0.10 0.13

-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)

G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.75 0.73 0.74
I.Cash flow ratio

1.04 (times) 1.20 -2.31 1.46

(E4/B1) (times) 2.21 -2.23 1.80
Habib Bank Modaraba (Thousand Rupees)

Items 2007 2008 2009 2010
2.Reserves 266,394 223,732 224,154 250,545
3.Unappropriated profit 0 0 0 0
4.Others 0 0 0 0
C.Total assets (C1+C2) 1,209,095 1,149,093 827,165 764,030
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
E.Other items

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)
677,068
397,072
279,996
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
2.Cash dividend 0.13 0.05 0.05 0.11
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
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C) 0.03% 0.71% 0.00 0.07
1.Capital ratio (A/C) 0.55% 54.03% 0.75 84.76%
I.Cash flow ratio

1.11 (times) 1.98 16.94 6.39

(E4/B1) (times) 0.12 2.78 5.91
IBL Modaraba
Items 2007 2008 2009 2010
2.Reserves 35,409 48,348 31,892 39,142
4.Others 0 85,000 0 0
C.Total assets (C1+C2) 207,256 274,527 369,868 379,882
a.Fixed assets 993 27,405 22,935 4,248
b.Long-term investments 12,842 0 7,809 0

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

E.Other items
2.Cash dividend 0.08 0.05 0.03 0.03
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.63 0.65 0.65
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax.-10.28

(E4/D6) (times) -5.24 5.78 1.83

(E4/B1) (times) -6.97 0.07 0.03
KASB Modaraba
Items 2007 2008 2009 2010
2.Reserves 8,733 8,734 11,938 20,486
4.Others 0 19,958 0 (665)
C.Total assets (C1+C2) 54,764 232,507 443,513 953,668
a.Fixed assets 556 1,803 7,643 8,089
b.Long-term investments 0 0 17,020 19,342

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

3.Operating profit 3,109 (3,816) 23,872 62,690
4.Modaraba co's management fees 227 0 1,780 0
E.Other items
2.Cash dividend 0.03 0.00 0.00 0.03
4.Cash generated from operating activities 11,264 (174,184) (4,931) (529,121)
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.18 0.58 0.29
I.Cash flow ratio

5.06 (times) -21.56 -0.31 -30.95

(E4/B1) (times) -2.17 -0.03 -0.79
Modaraba Al-Mali
Items 2007 2008 2009 2010
2.Reserves 54,229 55,453 55,453 55,964
4.Others 547 1,039 512 0
C.Total assets (C1+C2) 310,863 309,156 262,885 248,858
a.Fixed assets 73,794 125,644 124,211 131,245

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

3.Operating profit 16,576 (2,180) (9,397) (7,245)
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
2.Cash dividend 0.00 0.03 0.00 0.00
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
7.Earning Per Certificate (D6/E1) -0.64 0.33 -1.22 -0.71
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.77 0.80 0.80
I.Cash flow ratio

-5.32 (times) 16.14 2.04 -0.99

(E4/B1) (times) 2.05 -1.24 0.32
Orix Modaraba (Formerly Standard Chartered Modaraba upto 2015)

Items 2007 2008 2009 2010
2.Reserves 353,685 351,533 372,313 388,289
4.Others 0 0 0 0
C.Total assets (C1+C2) 2,560,759 3,076,000 3,437,183 3,605,065

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

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
E.Other items
2.Cash dividend 0.15 0.16 0.17 0.17
G.Liquidity Ratios
1.Capital ratio (A/C) 0.00 0.29 0.27 0.26
I.Cash flow ratio

1.02 (times) -3.05 -0.81 3.15

(E4/B1) (times) -0.17 -0.04 0.11
Popular Islamic Modaraba

2.Reserves
4.Others
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

a.Fixed assets
3.Operating profit
E.Other items
2.Cash dividend
G.Liquidity Ratios
I.Cash flow ratio
Sindh Modaraba
2.Reserves
4.Others
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

a.Fixed assets
3.Operating profit
E.Other items
2.Cash dividend
G.Liquidity Ratios
I.Cash flow ratio
Trust Modaraba
Items 2007 2008 2009 2010
2.Reserves (18,315) (29,437) (40,971) 49,852
3.Unappropriated profit 0 0 0 (68,270)

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
4.Others 0 0 0 0
C.Total assets (C1+C2) 319,706 271,568 300,052 371,134
a.Fixed assets 53,289 45,830 89,797 163,188
c.Other non-current assets 338 283 214 11,528
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
2.Cash dividend 0.00 0.00 0.00 0.05
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
7.Earning Per Certificate (D6/E1) -2.38 -0.06 1.11 0.79
G.Liquidity Ratios
1.Capital ratio (A/C) 0.01 0.90 0.86 0.75
I.Cash flow ratio

-0.12 (times) -26.49 1.71 4.05

(E4/B1) (times) 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

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)
(174)
2.Reserves 8,582 8,739 8,739 8,739
4.Others 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
a.Fixed assets 0 0 0 0
1.Gross revenue(loss) 436 397 397 456
2.Operating expenses 270 265 265 539
3.Operating profit 166 132 132 (83)
5.Profit/(loss) before taxation 424 784 784 (83)
6.Profit/(loss) after taxation 424 784 784 (457)
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (15) 633 633 657
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%
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C) 0.98% 86.89% 86.89% 73.07%
1.Capital ratio (A/C) 0.24% 35.03% 35.03% 5.23%
I.Cash flow ratio

-0.04 (times) 0.81 0.81 -1.44

(E4/B1) (times) 0.17 0.17 0.20
136,400
8,739
(145,313)
3,326
3,326
3,152
594
428
166
2,558
2,558
375
732
(357)
(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

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
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
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
E.Other items
2.Return on capital employed (ROCE) (D3/C-B1) 0.02 0.02 0.09 0.07
4.Admin. expense to profit before tax. (D2/D3) (times) 7.89 12.33 2.71 3.83
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
1.Capital ratio (A/C) 0.78 0.75 0.73 0.75
I.Cash flow ratios

1.86(times) -37.21 2.46 0.84

0.05 (times) -3.10 0.53 0.15
AA Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010

(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
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

1.Share capital 100,000 115,000 200,000 200,000
2.Reserves 0 0 0 0
4.Others 4,796 30,000 0 0
B.Total liabilities (B1 to B2) 6,810 45,170 13,324 113,495
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
1.Revenue 12,315 22,607 52,020 95,228
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
G.Liquidity ratios
1.Capital ratio (A/C) 0.90 0.61 0.94 0.65
I.Cash flow ratios

0.88(times) 11.40 -0.30 18.22

0.80 (times) 0.65 -0.11 0.52
Al-Hameed Int. Money Ex (Pvt) Ltd.

Items 2007 2008 2009 2010
1.Share capital 100,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
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
3.Accumulated profit (loss) (3,154) (1,852) (1,456) (415)
4.Others 5,079 4,826 4,584 4,355
C.Total assets (C1+C2) 137,559 231,370 237,044 227,133
b.Other assets 20,346 28,391 44,451 54,319
a.Fixed assets 63,497 124,396 119,111 113,706
b.Other assets 29,894 54,869 58,336 51,681
1.Revenue 8,572 11,094 8,158 5,520
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
4.Cash generated from operating activities (2,390) (19,602) (7,477) (7,477)
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.Capital ratio (A/C) 0.70 0.86 0.84 0.88
I.Cash flow ratios

0.51(times) -18.69 -48.55 -9.21

-0.07 (times) -0.73 -0.23 -0.34
Al-Rahim Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
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
(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
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
b.Other assets 7,550 1,980 786 3,264
a.Fixed assets 10,728 9,334 8,776 7,957
b.Other assets 32,819 51,537 51,578 51,610
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
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
4.Admin. expense to profit before tax. (D2/D3) (times) -3.76 4.16 5.15 -12.15
G.Liquidity ratios
1.Capital ratio (A/C) 1.00 1.00 1.00 1.00
I.Cash flow ratios

10.82(times) 6.52 3.10 1.38

-21.80 (times) 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

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

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
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
4.Admin. expense to profit before tax. (D2/D3) (times) -18.31 10.34 10.34 0.58
G.Liquidity ratios
1.Capital ratio (A/C) 0.99 0.97 0.97 0.86
I.Cash flow ratios

-50.65(times) 1.77 1.77 0.00

53.96 (times) 0.72 0.72 0.00
D. D Exchange Co. (Pvt) Ltd.

1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others

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

1.Current assets(a + b)
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
b.Other assets
1.Revenue
E.Other items
2.Cash dividend
2.Return on capital employed (ROCE) (D3/C-B1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
I.Cash flow ratios
Dollar East Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
1.Share capital 200,000 200,000 200,000 300,000
2.Reserves 0 0 0 0
4.Others 700 1,700 0 0
2.Non-current liabilities 0 0 1,700 2,687
C.Total assets (C1+C2) 215,885 236,605 387,293 488,853

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

b.Other assets 40,865 101,581 267,830 319,974
a.Fixed assets 32,007 26,886 28,715 36,196
b.Other assets 66,855 63,924 63,758 89,861
1.Revenue 60,060 82,406 105,399 117,167
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
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 11,236 (30,930) (8,068) (41,700)
G.Liquidity ratios
1.Capital ratio (A/C) 0.76 0.69 0.44 0.58
I.Cash flow ratios

-3.46(times) -468.64 -1.45 -2.87

0.22 (times) -0.44 -0.04 -0.21
Fairdeal Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
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
C.Total assets (C1+C2) 153,460 206,915 217,591 232,448
b.Other assets 5,466 17,190 8,230 11,109

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

a.Fixed assets 13,137 13,543 12,592 13,032
b.Other assets 41,997 55,670 61,496 51,931
1.Revenue 14,644 21,590 33,191 27,373
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
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (53) (1,920) 19,983 13,602
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
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.Capital ratio (A/C) 0.99 0.93 0.94 0.89
I.Cash flow ratios

-0.20(times) 0.59 1.61 8.07

-0.03 (times) -0.14 1.93 0.58
Glaxy Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
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
C.Total assets (C1+C2) 192,730 203,708 210,493 210,116
b.Other assets 14,876 17,580 6,205 3,077
a.Fixed assets 3,662 59,971 57,110 54,363
b.Other assets 110,000 50,000 61,300 52,600

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

1.Revenue 28,765 33,618 44,343 40,501
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
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 362 1,971 6,714 6,058
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.Capital ratio (A/C) 1.00 1.00 1.00 1.00
I.Cash flow ratios

-0.09(times) 1.76 1.08 -10.59

0.42 (times) 2.70 10.46 7.24
H & H Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
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
C.Total assets (C1+C2) 407,918 331,654 395,113 436,881
b.Other assets 8,762 81,570 20,674 20,152
a.Fixed assets 12,834 11,382 10,598 12,016
b.Other assets 85,354 121,267 83,410 82,438
1.Revenue 67,726 89,719 155,128 114,683

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

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
2.Cash dividend 0.00 0.00 0.00 0.00
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
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.Capital ratio (A/C) 0.86 0.84 0.85 0.84
I.Cash flow ratios

1.28(times) 2.65 2.93 1.54

0.27 (times) -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
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
C.Total assets (C1+C2) 209,773 230,561 270,437 504,025
b.Other assets 184,968 130,716 7,976 77,090
a.Fixed assets 6,650 5,347 4,781 10,369
b.Other assets 481 3,385 54,911 105,614
1.Revenue 6,066 35,358 115,692 127,153
2.Administrative and general expenses (14,227) 28,912 37,613 52,849

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

4.Profit/(loss) after taxation 236 9,012 50,742 48,298
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
G.Liquidity ratios
1.Capital ratio (A/C) 0.95 0.91 0.96 0.98
I.Cash flow ratios

36.55(times) 1.80 0.84 -0.40

0.90 (times) 0.75 4.19 -1.92
Habib Qatar International Exchange Pakistan (Pvt) Ltd.

Items 2007 2008 2009 2010
1.Share capital 100,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
4.Others 1,211 0 0 0
C.Total assets (C1+C2) 127,971 274,685 345,020 409,867
b.Other assets 51,785 89,818 153,080 162,461
a.Fixed assets 6,600 13,073 18,915 31,173
b.Other assets 25,549 25,408 50,368 50,203
1.Revenue 7,918 54,473 142,553 189,170
E.Other items
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

2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (1,238) (3,419,457) (17,330) 70,204
G.Liquidity ratios
1.Capital ratio (A/C) 0.95 0.89 0.93 0.92
I.Cash flow ratios

-0.17(times) -138.96 -0.23 1.00

-0.25 (times) -130.83 -0.86 2.57
Link International Exchange Co. (Pvt) Ltd.

1.Share capital
2.Reserves
4.Others
b.Other assets
a.Fixed assets
b.Other assets
1.Revenue
E.Other items
2.Cash dividend
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

G.Liquidity ratios
I.Cash flow ratios
Money Link Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
4.Others 0 0 0 0
2.Non-current liabilities 1,300 1,300 1,300 0
C.Total assets (C1+C2) 217,995 232,957 314,636 239,842
b.Other assets 11,374 13,058 15,383 24,768
a.Fixed assets 48,244 46,466 45,253 8,369
b.Other assets 52,033 52,089 52,856 52,692
1.Revenue 16,153 24,851 44,202 33,925
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
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 0 17,271 83,304 (79,639)

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

2.Return on capital employed (ROCE) (D3/C-B1) 0.00 0.02 0.05 -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.Capital ratio (A/C) 0.94 0.90 0.69 0.89
I.Cash flow ratios

0.00(times) 4.58 9.12 17.41

0.00 (times) 0.78 0.88 -3.07
NBP Exchange Co. Ltd.

Items 2007 2008 2009 2010
1.Share capital 300,000 300,000 300,000 300,000
2.Reserves 0 0 0 0
4.Others 0 0 0 0
C.Total assets (C1+C2) 818,227 876,417 891,773 836,437
b.Other assets 452,388 585,500 603,247 607,634
a.Fixed assets 10,139 9,331 11,278 12,229
b.Other assets 95,343 91,813 86,869 1,457
1.Revenue 25,131 100,454 125,569 126,338
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00

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

G.Liquidity ratios
1.Capital ratio (A/C) 0.58 0.41 0.57 0.64
I.Cash flow ratios

0.09(times) 0.34 0.66 -1.24

1.38 (times) 0.25 0.14 -0.26
Noble Exchange International (Pvt) Ltd.

Items 2007 2008 2009 2010
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
C.Total assets (C1+C2) 204,781 203,462 222,530 191,956
b.Other assets 23,494 46,802 33,029 1,735
a.Fixed assets 14,179 13,479 12,528 12,487
b.Other assets 51,144 51,092 54,892 52,437
1.Revenue 13,162 32,859 20,472 3,329
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
2.Cash dividend 0.00 0.00 0.00 0.00
2.Return on capital employed (ROCE) (D3/C-B1) 0.00 0.00 0.03 -0.07

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

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.Capital ratio (A/C) 0.98 0.98 0.91 0.99
I.Cash flow ratios

-13.87(times) -129.56 9.32 -0.32

-0.81 (times) -11.73 1.70 3.82
P B S Exchange (Pvt) Ltd.

Items 2007 2008 2009 2010
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
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
b.Other assets 1,779 2,487 2,927 2,943
a.Fixed assets 65,469 66,128 69,148 68,028
b.Other assets 33,241 57,400 55,948 56,724
1.Revenue 10,672 39,394 45,667 58,399
3.Profit/(loss) before taxation (28,370) 644 2,403 3,012
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 0 0 0 0

-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

G.Liquidity ratios
1.Capital ratio (A/C) 0.83 0.78 0.76 0.62
I.Cash flow ratios

0.00(times) 0.00 0.00 0.00

0.00 (times) 0.00 0.00 0.00
Pakistan Currency Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
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
C.Total assets (C1+C2) 339,247 222,946 608,168 633,246
b.Other assets 148,990 62,099 255,619 108,573
a.Fixed assets 16,981 17,770 32,491 36,037
b.Other assets 50,197 52,673 52,079 52,659
1.Revenue 109,801 221,403 353,552 416,252
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
2.Cash dividend 0.00 0.00 0.00 0.00
G.Liquidity ratios
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

1.Capital ratio (A/C) 0.59 0.92 0.34 0.51
I.Cash flow ratios

39.43(times) -1.13 5.27 13.01

-0.95 (times) -0.63 0.05 0.58
Paracha International Exchange (Pvt) Ltd.

Items 2007 2008 2009 2010
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
4.Others 0 0 0 0
C.Total assets (C1+C2) 166,794 201,242 262,138 250,324
b.Other assets 59,902 78,466 76,131 22,420
a.Fixed assets 3,963 80,936 75,786 68,043
b.Other assets 77,190 6,091 3,474 56,744
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
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
4.Admin. expense to profit before tax. (D2/D3) (times) -1.70 -0.49 -120.73 2.92
G.Liquidity ratios

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

1.Capital ratio (A/C) 0.97 0.94 0.71 0.79
I.Cash flow ratios

1.01(times) 0.45 -26.68 -0.27

0.86 (times) 1.08 0.99 -0.05
Paragon Exchange (Pvt) Ltd.

1.Share capital
2.Reserves
4.Others
b.Other assets
a.Fixed assets
b.Other assets
1.Revenue
E.Other items
2.Cash dividend
G.Liquidity ratios

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

I.Cash flow ratios
Ravi Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
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
C.Total assets (C1+C2) 100,874 204,815 244,422 452,039
b.Other assets 41,753 39,571 10,494 69,770
a.Fixed assets 5,617 66,313 70,035 72,472
b.Other assets 1,312 43,602 53,943 58,050
1.Revenue 10,812 20,932 53,807 116,287
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 491 (22,255) 71,664 (50,289)
G.Liquidity ratios
1.Capital ratio (A/C) 0.95 0.98 0.84 0.50
I.Cash flow ratios

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

-0.22(times) -24.43 14.11 -2.59

0.11 (times) -4.68 1.94 -0.23
Riaz Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
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
C.Total assets (C1+C2) 205,878 212,516 210,605 202,707
b.Other assets 15,324 14,426 7,152 4,969
a.Fixed assets 4,001 4,294 3,160 3,679
b.Other assets 50,669 54,171 50,267 51,716
1.Revenue 18,056 28,849 40,808 22,948
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 590 (402) 22,483 4,979
G.Liquidity ratios
1.Capital ratio (A/C) 0.99 0.99 0.99 1.00
I.Cash flow ratios

0.09(times) -0.03 1.19 0.56

0.23 (times) -0.30 19.90 11.97
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

Royal International Exchange Co. (Pvt) Ltd.
Items 2007 2008 2009 2010
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
C.Total assets (C1+C2) 104,719 182,298 171,437 275,869
b.Other assets 1,629 9,951 9,492 13,640
a.Fixed assets 2,725 3,620 4,261 6,040
b.Other assets 26,001 50,083 55,500 50,000
1.Revenue 19,674 22,059 50,660 69,855
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
2.Cash dividend 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (6) (237) (14,868) 1,224
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.Capital ratio (A/C) 0.99 1.00 0.99 0.96
I.Cash flow ratios

-0.01(times) 0.01 1.20 0.88

-0.01 (times) -0.28 -6.33 0.12
Sadiq Exchange Co. (Pvt) Ltd.

(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)
1.Share capital
2.Reserves
4.Others
b.Other assets
a.Fixed assets
b.Other assets
1.Revenue
E.Other items
2.Cash dividend
G.Liquidity ratios
I.Cash flow ratios
SIBL Exchange Co. (Thousand Rupees)

Items 2007 2008 2009 2010

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)
117,642
1.Share capital 100,000 100,000 100,000 100,000
2.Reserves 0 0 0 0
4.Others 0 0 0 0
C.Total assets (C1+C2) 111,237 109,780 112,410 115,168
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
1.Revenue 6,315 8,116 9,502 8,842
2.Administrative and general expense 3,993 3,647 3,901 4,018
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
3.Stock dividend/bonua shares 0.00 0.00 0.00 0.00
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%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C) 8.53% 8.05% 0.96% 0.82%
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%
I.Cash flow ratios

3.52(times) -0.73 0.73 0.92

0.61 (times) -0.50 0.82 0.99
Sky Exchange Co. (Pvt) Ltd.

1.Share capital
2.Reserves
100,000
17,642
3,813
3,813
121,455
120,899
936
119,963
556
556
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
4.Others
b.Other assets
a.Fixed assets
b.Other assets
1.Revenue
E.Other items
2.Cash dividend
G.Liquidity ratios
I.Cash flow ratios
Wall Street Exchange Co. (Pvt) Ltd.

Items 2007 2008 2009 2010
1.Share capital 200,000 200,000 200,000 200,000
2.Reserves 0 0 0 0
4.Others 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
C.Total assets (C1+C2) 312,463 343,527 451,761 494,473
b.Other assets 45,952 118,240 55,678 39,828
a.Fixed assets 18,360 35,333 41,178 40,308
b.Other assets 53,698 55,564 56,209 56,471
1.Revenue 82,898 122,726 219,960 268,573
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00
G.Liquidity ratios
1.Capital ratio (A/C) 0.66 0.62 0.51 0.51
I.Cash flow ratios

11.52(times) -4.45 12.39 3.14

0.78 (times) -0.25 0.82 0.27
ZeeQue Exchange Co. (Pvt) Ltd.

1.Share capital
2.Reserves
4.Others
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)
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

b.Other assets
a.Fixed assets
b.Other assets
1.Revenue
E.Other items
2.Cash dividend
G.Liquidity ratios
I.Cash flow ratios

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

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
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
5.Fixed assets 3,788,780 4,938,157 6,419,281 6,963,811 7,311,192
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
4.Cash generated from operating activities 4,027,860 830,219 2,328,621 10,571,042 19,661,576
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
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/D8) 0.10 -0.24 0.35 1.80 2.45
(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
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

Life Insurance Corporations - Overall
Items 2007 2008 2009 2010 2011
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
5.Fixed assets 514,523 809,093 1,292,635 910,659 1,042,339
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
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
4.Cash generated from operating activities 3,463,829 2,494,830 2,433,056 9,951,353 17,849,089
G.Liquidity ratios
1.Capital ratio (A/C) 0.02 0.02 0.02 0.02 0.02
I.Cash flow ratio
(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
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

Adamjee Life Assurance Co. Ltd.
Items 2010 2011
1.Share capital 534,663 534,663
2.Reserves (212,258) (396,718)
4.Others 0 0
5.Fixed assets 24,541 32,879
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
E.Other items
4.Net Claims Incurred Ratio (D5/D3) 0.08 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
I.Cash flow ratio

(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

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
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
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
5.Fixed assets - 162,802 168,763 6,663 4,108
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
4.Cash generated from operating activities - (21) (26) (89,324) (60,080)
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
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
148.01 216.13 164.18 5916.71 3680.30 -40.56 72.38
(Thousand Rupees)
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

I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) - 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
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
5.Fixed assets 26,386 46,611 50,265 42,571 36,939
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
2.Cash dividend 0.10 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 51,868 (50,872) (50,870) (11,010) (22,063)
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
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.Capital ratio (A/C) 0.74 0.74 0.43 0.36 0.30

-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

I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 0.62 -1.14 41.16 -3.45 2.57
EFU Life Assurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
2.Outstanding claims, adv., prem., due to other insurers 689,938 760,127 880,656 1,214,459 1,140,899
1.Cash and balances with banks 949,466 1,425,424 1,365,803 826,325 1,141,457
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
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
2.Cash dividend 0.30 0.33 0.33 0.50 0.50
4.Cash generated from operating activities 1,707,444 (507,154) 204,961 3,217,244 3,938,800
G.Liquidity ratios

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

1.Capital ratio (A/C) 0.10 0.10 0.09 0.07 0.06
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 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
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
5.Fixed assets 74,557 72,280 65,832 58,553 60,217
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
E.Other items
2.Cash dividend 0.00 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
3.Earning per share (D8/E1) (rs. per share) 0.64 1.00 1.25 1.73 2.32
5.Underwriting profit to profit after tax. (D6/D8) 20.64 8.27 8.88 0.00 0.00
G.Liquidity ratios

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%

1.Capital ratio (A/C) 0.15 0.14 0.17 0.15 0.11
I.Cash flow ratio
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
5.Fixed assets 82,029 94,579 499,398 147,039 207,587
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
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
2.Cash dividend 0.05 0.00 0.00 0.15 0.30
4.Cash generated from operating activities 1,091,360 591,271 1,150,556 1,829,289 3,304,453
6.Investment income to net premium (D1/D3) 0.02 -0.03 0.02 0.01 0.01
G.Liquidity ratios
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

1.Capital ratio (A/C) 0.08 0.07 0.07 0.10 0.09
I.Cash flow ratio
State Life Insurance Corporation Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital 900,000 1,100,000 1,100,000 1,100,000 1,100,000
3.Un appropriated profit 230,520 96,216 318,769 406,878 520,223
4.Others 0 0 0 0 0
5.Fixed assets 69,376 124,476 158,169 210,417 250,199
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
E.Other items
2.Cash dividend 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
G.Liquidity ratios
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

1.Capital ratio (A/C) 0.01 0.01 0.01 0.01 0.01
I.Cash flow ratio
TPL Life Insurance Ltd.

Items Not available Not available Not available Not available Not available
1.Share capital
2.Reserves
4.Others
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
5.Fixed assets
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
E.Other items
2.Cash dividend
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)

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

G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
Non-Life Insurance Corporations - Overall

Items 2007 2008 2009 2010 2011
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
4.Others 387,069 197,098 699,353 1,960,651 1,123,625
1.Balance of statutory funds 0 0 0 0 0
5.Fixed assets 3,141,536 3,847,385 4,807,003 5,767,704 5,977,915
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
4.Cash generated from operating activities 652,738 (1,492,975) 262,727 608,001 1,118,851
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
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

G.Liquidity ratios
1.Capital ratio (A/C) 0.58 0.58 0.58 0.52 0.53
I.Cash flow ratio
ACE Insurance Ltd.

Items 2007 2008 2009 2010 2011
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
C.Total assets (C1 to C5) 445,753 550,843 681,601 1,447,047 1,528,827
3.Investments in securities & properties 353 414 0 0 0
5.Fixed assets 8,514 8,751 10,952 18,456 16,457
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
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
4.Cash generated from operating activities 109,316 (1,118) (13,827) 34,025 291,928
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

5.Underwriting profit to profit after tax. (D6/D8) 1.18 0.86 0.19 -0.07 0.94
G.Liquidity ratios
1.Capital ratio (A/C) 0.33 0.35 0.33 0.19 0.25
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 5.60 -0.05 -0.85 1.98 3.53
Adamjee Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
4.Others 0 0 0 0 0
1.Cash and balances with banks 954,197 2,207,453 2,157,104 2,704,817 2,378,967
5.Fixed assets 765,105 952,049 855,737 1,052,916 1,062,870
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
2.Cash dividend 0.30 0.00 0.30 0.24 0.25
4.Cash generated from operating activities (16,324) (354,139) 291,555 (48,276) (718,380)
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

G.Liquidity ratios
1.Capital ratio (A/C) 0.41 0.46 0.50 0.39 0.45
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 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
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)
1.Return on equity (ROE) (D8/A) - - - 0.08 -0.08
2.Return on assets (ROA) (D8/C) - - - 0.08 -0.08

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)
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

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
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/D8) - - - -4.52 0.28
Alflah Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
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
C.Total assets (C1 to C5) 514,766 480,991 948,649 948,649 1,514,106
2.Advances to policy holders & employees 0 0 0 0 1,565
5.Fixed assets 10,290 11,987 10,425 10,425 72,084
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
E.Other items
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
1.Return on equity (ROE) (D8/A) 0.33 -0.08 -2.52 -2.52 0.18

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

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
G.Liquidity ratios
1.Capital ratio (A/C) 0.50 0.48 0.34 0.34 0.26
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -0.45 2.57 0.04 0.04 3.27
Allianz EFU Health Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital - - - 250,000 300,000
2.Reserves - - - 0 0
3.Un appropriated profit - - - 20,073 26,924
4.Others - - - 0 0
C.Total assets (C1 to C5) - - - 959,990 1,026,582
5.Fixed assets - - - 25,776 21,810
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
4.Cash generated from operating activities - - - (108,607) 20,096

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

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.Capital ratio (A/C) - - - 0.28 0.32
I.Cash flow ratio
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
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
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)

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)

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
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
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
4.Others 27,208 127,208 127,208 127,208 136,060
2.Advances to policy holders & employees 0 0 0 0 0
5.Fixed assets 63,052 162,802 168,764 176,272 200,081
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
E.Other items
2.Cash dividend 0.10 0.00 0.00 0.00 0.00

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

4.Cash generated from operating activities (4,311) (3,130) (14,860) (17,574) (6,325)
G.Liquidity ratios
1.Capital ratio (A/C) 0.59 0.49 0.54 0.62 0.64
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -0.45 -0.57 -3.04 -3.94 -0.65
Askari General Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
5.Fixed assets 103,971 126,987 130,644 47,648 47,990
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
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
2.Cash dividend 0.00 0.00 0.00 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

4.Cash generated from operating activities 88,696 25,684 4,856 (53,585) (17,098)
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
G.Liquidity ratios
1.Capital ratio (A/C) 0.25 0.24 0.22 0.22 0.28
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 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
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
2.Outstanding claims, adv., prem., due to other insurers 697,522 697,631 1,141,136 1,159,164 872,535
3.Investments in securities & properties 1,010,747 494,201 558,250 772,048 1,089,256
5.Fixed assets 41,679 49,296 47,421 43,916 45,492
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
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

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

2.Cash dividend 0.70 0.25 0.00 0.40 0.40
4.Cash generated from operating activities 175,398 2,067 357,794 30,056 (139,230)
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
G.Liquidity ratios
1.Capital ratio (A/C) 0.56 0.47 0.39 0.42 0.49
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 0.43 -0.01 -1.79 0.12 -0.46
Capital Insurance Co. Ltd. (Thousand Rupees)

Items 2007 2008 2009 2010 2011
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
5.Fixed assets 38,488 22,541 22,013 22,081 24,398
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)
E.Other items
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
2.Cash dividend - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (5,642) (10,686) (53,545) 1,144 (32,206)
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
G.Liquidity ratios
1.Capital ratio (A/C) 0.82 0.68 0.61 0.68 0.79
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 0.66 0.93 -9.25 0.22 -15.63
Century Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
4.Others 0 0 0 0 0
B.Total liabilities (B1 to B3) 1,169,031 371,585 299,836 368,834 520,940
2.Outstanding claims, adv., prem., due to other insurers 1,058,385 330,418 259,048 312,834 432,518
5.Fixed assets 31,055 42,547 43,211 43,616 48,723
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

(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

E.Other items
2.Cash dividend 0.00 0.00 0.00 0.10 0.10
4.Cash generated from operating activities 30,378 (167,937) 117,191 8,867 57,370
6.Investment income to net premium (D1/D3) 0.77 -0.16 -0.35 0.48 0.10
G.Liquidity ratios
1.Capital ratio (A/C) 0.31 0.71 0.74 0.72 0.65
I.Cash flow ratio
Chubb Insurance Pakistan Ltd

1.Share capital
2.Reserves
4.Others
5.Fixed assets
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims

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

E.Other items
2.Cash dividend
G.Liquidity ratios
I.Cash flow ratio
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
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

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)
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
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
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%
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

- - -26.34% 553.64% -1392.47%
Crescent Star Insurance Ltd.

Items 2007 2008 2009 2010 2011
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
1.Balance of statutory funds 0 0 - 0 0
2.Advances to policy holders & employees 0 0 - 0 0
5.Fixed assets 28,026 26,869 45,248 41,689 41,689
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

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

E.Other items
2.Cash dividend 0.25 0.00 - 0.00 0.00
3.Stock dividend/bonus shares 0.00 0.00 - 0.00 0.00
G.Liquidity ratios
1.Capital ratio (A/C) 0.40 0.38 0.33 0.39 0.42
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -0.25 0.34 0.59 -2.42 -6.80
Cyan Ltd. (Thousand Rupees)

Items 2007 2008 2009 2010 2011
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
4.Others 0 0 0 528,709 37,670
2.Advances to policy holders & employees 0 0 0 29,595 100
5.Fixed assets 3,640 3,160 2,540 1,931 1,590
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)

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
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
2.Cash dividend 0.50 0.20 0.20 0.25 0.25
4.Cash generated from operating activities (29,932) 5,914 9,519 (43,834) 86,197
2.Return on assets (ROA) (D8/C) 0.64 0.03 -0.25 0.03 -0.06
6.Investment income to net premium (D1/D3) 132.01 8.70 9.59 17.08 -106.52
G.Liquidity ratios
1.Capital ratio (A/C) 0.96 0.96 0.95 0.83 0.97
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -0.01 0.05 -0.01 -0.40 -0.44
E.F.U.General Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
3.Other/misc. liabilities 721,548 846,119 1,764,360 1,101,314 1,576,717
5.Fixed assets 425,039 608,253 545,475 709,085 759,645
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

(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

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
2.Cash dividend 0.60 0.33 0.40 0.13 0.28
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
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.Capital ratio (A/C) 0.59 0.48 0.48 0.39 0.41
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 0.02 0.09 0.28 -0.34 0.77
East West Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
C.Total assets (C1 to C5) 963,683 1,273,324 660,482 633,642 713,955
5.Fixed assets 64,740 102,605 114,984 124,843 110,743
2.Gross premium 502,243 0 674,106 584,241 673,320

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

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
E.Other items
2.Cash dividend 0.10 0.00 0.00 0.00 0.00
4.Cash generated from operating activities 0 47,017 10,293 1,846 8,777
4.Net Claims Incurred Ratio (D5/D3) 0.39 0.42 0.41 -0.46 0.40
G.Liquidity ratios
1.Capital ratio (A/C) 0.66 0.68 0.50 0.53 0.56
I.Cash flow ratio
Excel Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
5.Fixed assets 10,089 10,276 8,756 6,737 5,250

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

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
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
4.Cash generated from operating activities (28,972) 1,829 (19,075) (9,252) (20,254)
2.Return on assets (ROA) (D8/C) 0.08 0.10 -0.01 0.10 -0.03
5.Underwriting profit to profit after tax. (D6/D8) -0.05 0.05 -1.28 0.04 0.33
G.Liquidity ratios
1.Capital ratio (A/C) 0.77 0.82 0.86 0.92 0.94
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -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
4.Others 0 0 0 0 0
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
5.Fixed assets 43,408 44,485 44,485 38,948 14,125

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

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
E.Other items
2.Cash dividend 0.60 0.13 0.13 0.25 0.25
4.Cash generated from operating activities 24,770 (88,311) (88,311) 4,160 (77,378)
G.Liquidity ratios
1.Capital ratio (A/C) 0.59 0.46 0.51 0.51 0.47
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 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
3.Un appropriated profit - (4,121) (4,400) (4,885) (5,028)
4.Others - 0 0 0 0
3.Other/misc. liabilities - 1,853 1,888 1,964 778
1.Cash and balances with banks - 964 720 492 492
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

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)
(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

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
4.Cash generated from operating activities - (232) (244) (228) 0
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
5.Underwriting profit to profit after tax. (D6/D8) - 0.00 0.00 - -
G.Liquidity 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/D8) - 0.85 0.87 - -
IGI General Insurance Ltd.

Items 2007 2008 2009 2010 2011
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
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
1.Cash and balances with banks 205,911 258,260 6,809 421 77,517
4.Other/misc. assets 1,184,183 929,900 842,954 783,406 1,619,668

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

5.Fixed assets 309,283 302,531 280,545 173,894 165,115
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
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
2.Cash dividend 0.40 0.15 0.35 0.30 0.50
4.Cash generated from operating activities 2,306 (27,651) 126,941 278,667 (18,106)
G.Liquidity ratios
1.Capital ratio (A/C) 0.80 0.82 0.89 0.89 0.83
I.Cash flow ratio
Jubilee General Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
4.Others - 0 0 0 0
3.Other/misc. liabilities 559,728 614,353 758,374 1,048,571 1,260,492
1.Cash and balances with banks 1,680,625 1,670,155 2,028,132 974,783 967,361

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

5.Fixed assets 178,952 97,960 106,549 94,858 97,197
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
E.Other items
2.Cash dividend 0.30 0.00 0.30 0.20 0.30
5.Underwriting profit to profit after tax. (D6/D8) -0.35 -0.40 0.17 -0.14 0.19
G.Liquidity ratios
1.Capital ratio (A/C) 0.41 0.38 0.41 0.38 0.39
I.Cash flow ratio
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
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

3,284,143 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
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
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
4.Cash generated from operating activities - 528,334 1,023,667 (1,316) (1,316)
6.Investment income to net premium (D1/D3) - -0.13 0.68 0.67 0.67
G.Liquidity ratios
1.Capital ratio (A/C) - 0.63 0.59 0.59 0.59
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) - 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
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
2.Outstanding claims, adv., prem., due to other insurers - 141,802 216,705 1,288,621 1,431,277
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

(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

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
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
E.Other items
2.Cash dividend - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities - (224,313) 104,776 106,751 35,739
6.Investment income to net premium (D1/D3) - 0.19 0.34 0.39 0.40
G.Liquidity ratios
1.Capital ratio (A/C) - 0.57 0.56 0.37 0.36
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) - -4.27 6.11 1.89 0.48
Pakistan Mutual Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital 0 0 0 0 0
2.Reserves 5,027 29 29 29 29
4.Others 1,944 0 0 0 0
B.Total liabilities (B1 to B3) 909 6,577 5,037 3,472 5,157
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

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)
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

1.Cash and balances with banks 2,009 3,053 1,778 515 9,210
3.Investments in securities & properties 3,003 16 0 0 0
5.Fixed assets 3,078 3,308 2,816 2,867 1,422
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
4.Cash generated from operating activities (1,299) 0 (1,389,168) (1,524) 206
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
G.Liquidity 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
Pakistan Reinsurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
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

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

5.Fixed assets 30,704 40,668 48,665 47,416 49,040
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
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
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
G.Liquidity ratios
1.Capital ratio (A/C) 0.53 0.58 0.55 0.51 0.41
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -0.01 -0.02 -0.45 0.22 0.49
PICIC Insurance Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital 200,000 350,000 350,000 350,000 350,000
4.Others 0 0 0 0 0
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

5.Fixed assets 21,611 13,716 3,083 8,243 8,532
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
E.Other items
2.Cash dividend 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)
3.Earning per share (D8/E1) (rs. per share) -4.69 -1.52 0.48 0.14 0.34
G.Liquidity ratios
1.Capital ratio (A/C) 0.17 0.30 0.31 0.25 0.23
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 0.40 2.23 -3.38 8.78 -0.81
Premier Insurance Ltd.

Items 2007 2008 2009 2010 2011
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
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

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
2.Outstanding claims, adv., prem., due to other insurers 814,940 647,483 649,875 843,830 1,005,827
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
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
E.Other items
2.Cash dividend 0.20 0.20 0.20 0.25 0.25
G.Liquidity ratios
1.Capital ratio (A/C) 0.63 0.65 0.64 0.59 0.56
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -0.05 4.58 -1.06 -0.40 -1.30
Reliance Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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

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

2.Advances to policy holders & employees 940 965 1,061 756 922
5.Fixed assets 70,513 71,511 64,480 64,659 60,915
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
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00 0.08
4.Cash generated from operating activities 29,875 (13,817) (91,355) (58,624) (6,862)
G.Liquidity ratios
1.Capital ratio (A/C) 0.44 0.38 0.36 0.41 0.46
I.Cash flow ratio
Security General Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
4.Others 0 0 0 0 0
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
B.Total liabilities (B1 to B3) 799,187 1,245,712 992,095 1,004,648 787,118
5.Fixed assets 79,279 80,273 85,748 85,305 87,339
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
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
2.Cash dividend 0.10 0.10 0.10 0.00 0.30
G.Liquidity ratios
1.Capital ratio (A/C) 0.89 0.84 0.87 0.87 0.90
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 0.00 -0.36 -0.06 -0.29 -0.11
Silver Star Insurance Co. Ltd. (Thousand Rupees)

Items 2007 2008 2009 2010 2011
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

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
4.Others 37,281 37,049 36,829 60,620 60,397
3.Other/misc. liabilities 40,011 175,881 188,008 (144,201) 119,008
5.Fixed assets 78,498 91,856 97,024 144,861 148,383
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
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.15 0.00
4.Cash generated from operating activities 87,004 84,772 45,454 27,674 45,396
G.Liquidity ratios
1.Capital ratio (A/C) 0.56 0.60 0.61 0.53 0.53
I.Cash flow ratio
Sindh Insurance Limited

1.Share capital
2.Reserves
(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
4.Others
5.Fixed assets
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend
G.Liquidity ratios
I.Cash flow ratio
Shaheen Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital 175,000 175,000 200,000 200,000 250,000

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

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
3.Other/misc. liabilities 67,441 57,424 (141,257) 84,256 91,348
2.Advances to policy holders & employees 693 1,406 1,390 2,137 2,774
5.Fixed assets 39,422 52,946 51,218 60,491 184,311
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
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
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
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
5.Underwriting profit to profit after tax. (D6/D8) 0.58 -0.93 2.81 -0.70 4.34
G.Liquidity ratios
1.Capital ratio (A/C) 0.32 0.28 0.31 0.27 0.32
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -0.14 0.43 -4.22 1.04 -6.25
SPI Insurance Company Ltd.

Items 2007 2008 2009 2010 2011

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

1.Share capital 250,000 325,000 325,000 325,000 325,000
2.Reserves 0 0 0 - 0
4.Others 0 0 0 - 0
1.Balance of statutory funds 0 0 0 - 0
5.Fixed assets 35,469 38,272 31,283 25,576 32,475
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
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
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
G.Liquidity ratios
1.Capital ratio (A/C) 0.31 0.32 0.38 0.39 0.43
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 0.05 1.31 -78.92 0.65 0.91
Standard Insurance Co. Ltd. (Thousand Rupees)

Items 2011 2012 2013 2014 2015
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
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
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)
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
5.Underwriting profit to profit after tax. (D6/D8) - - 0.00 0.00 0.00
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
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/D8) - - 1.05 1.05 1.05
The Asian Mutual Insurance Co. Ltd.

(Thousand Rupees)
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
4.Others - - - 8,395 8,395
3.Other/misc. liabilities - - - 966 1,395
1.Cash and balances with banks - - - 65 286
5.Fixed assets - - - 83 88
1.Investment income - - - 0 0
2.Gross premium - - - 2,545 2,545
3.Net premium - - - 1,163 2,236
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
4.Cash generated from operating activities - - - (113) 718
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) - - - - -
5.Underwriting profit to profit after tax. (D6/D8) - - - -0.39 2.55
G.Liquidity 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/D8) - - - 0.24 1.73
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

TPL Insurance Company Ltd.
Items 2007 2008 2009 2010 2011
1.Share capital - - - 310,000 452,313
2.Reserves - - - 0 0
4.Others - - - 0 0
5.Fixed assets - - - 279,849 260,107
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
2.Cash dividend - - - 0.00 0.05
4.Cash generated from operating activities - - - 44,560 73,349
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
G.Liquidity ratios
1.Capital ratio (A/C) - - - 0.34 0.47
I.Cash flow ratio
(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

The Cooperative Insurance Society of Pakistan Ltd.
Items 2007 2008 2009 2010 2011
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
5.Fixed assets - - - 917,562 916,540
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
2.Cash dividend - - - 0.00 0.00
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
G.Liquidity ratios
1.Capital ratio (A/C) - - - 0.33 0.34
I.Cash flow ratio

(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

1.Cash generated from operating activities to profit after tax. (E4/D8) - - - -7.18 -3.28
The Pakistan General Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
5.Fixed assets - 94,935 95,231 88,761 82,246
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
E.Other items
2.Cash dividend - 0.00 0.00 0.00 0.05
4.Cash generated from operating activities - 25,129 15,677 33,763 (55,599)
6.Investment income to net premium (D1/D3) - -14.66 76.09 0.08 0.06
G.Liquidity ratios
1.Capital ratio (A/C) - 0.54 0.66 0.59 0.57
-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

I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) - 1.13 0.19 7.00 -1.06
The United Insurance Co. of Pakistan Ltd.

Items 2007 2008 2009 2010 2011
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
4.Others 1,639 1,557 1,479 1,405 1,335
C.Total assets (C1 to C5) 782,261 844,653 1,018,322 1,238,126 1,444,772
5.Fixed assets 215,550 223,508 307,443 422,094 352,880
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
E.Other items
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
G.Liquidity ratios
1.Capital ratio (A/C) 0.55 0.57 0.54 0.54 0.53

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

I.Cash flow ratio
The Universal Insurance Co. Ltd.

Items 2007 2008 2009 2010 2011
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
C.Total assets (C1 to C5) 787,728 855,731 1,004,018 1,104,587 1,069,172
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
5.Fixed assets 102,404 113,727 236,541 247,051 256,606
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
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
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
G.Liquidity ratios

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

1.Capital ratio (A/C) 0.30 0.30 0.26 0.21 0.19
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) -1.18 -6.66 -18.89 1.17 0.41
UBL Insurers Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital 300,000 300,000 500,000 800,000 800,000
2.Reserves (145,501) 0 0 0 0
4.Others 0 0 0 0 0
2.Advances to policy holders & employees 219,169 1,418 1,473 795 961
5.Fixed assets 54,902 82,176 65,478 46,465 34,796
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
2.Cash dividend 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
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
5.Underwriting profit to profit after tax. (D6/D8) 0.93 -1290.88 0.35 -1.27 0.26
G.Liquidity ratios

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

1.Capital ratio (A/C) 0.22 0.19 0.27 0.46 0.46
I.Cash flow ratio
Union Insurance Co. Of Pakistan Ltd. (Thousand Rupees)

Items 2007 2008 2009 2010 2011
1.Share capital - - - 81,600 81,600
2.Reserves - - - 7,463 7,463
4.Others - - - 54 54
5.Fixed assets - - - 34,705 32,040
1.Investment income - - - 100 265
2.Gross premium - - - 0 0
3.Net premium - - - 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
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
G.Liquidity ratios

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
1.Capital ratio (A/C) - - - 0.81 0.82
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) - - - 0.42 0.77
Takaful Companies - Overall

Items 2007 2008 2009 2010 2011
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
4.Others 4,322 (7,429) (7,430) (7,429) 33,005
1.Balance of statutory funds 28,118 199,151 43,741 681,660 1,605,691
1.Cash and balances with banks 787,811 718,282 873,776 1,036,205 1,635,326
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
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)
E.Other items
4.Cash generated from operating activities (88,707) (171,636) (367,162) 11,688 693,636
3.Earning per share (D8/E1) (rs. per share) -0.43 -0.55 -0.52 -0.60 -0.18
G.Liquidity ratios
(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
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

1.Capital ratio (A/C) 0.79 0.68 0.68 0.48 0.35
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 1.57 1.45 3.09 -0.08 -15.62
Dawood Family Takaful Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital - 750,000 750,000 750,000 750,000
3.Un appropriated profit - 1,012 (31,593) (97,154) (187,530)
4.Others - (10,090) (10,090) (10,090) (10,090)
1.Balance of statutory funds - 11,434 24,342 97,413 205,169
5.Fixed assets - 27,121 73,489 84,038 70,767
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
2.Cash dividend - 0.00 0.00 0.00 0.00
4.Cash generated from operating activities - (106,316) (87,079) (46,413) (18,495)
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

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

G.Liquidity ratios
1.Capital ratio (A/C) - 0.97 0.93 0.80 0.65
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) - -20.83 2.67 0.71 0.20
Pak Kuwait Takaful Co. Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital 250,000 250,000 400,000 400,000 400,000
2.Reserves 0 0 0 46,713 89,609
4.Others 0 0 0 0 0
1.Balance of statutory funds 36,424 (1,544) (41,204) 0 0
5.Fixed assets 41,614 34,272 35,942 33,733 29,607
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)
E.Other items
2.Cash dividend 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)
5.Underwriting profit to profit after tax. (D6/D8) -39.11 -35.25 6.74 -1.15 -0.93
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

G.Liquidity ratios
1.Capital ratio (A/C) 0.55 0.65 0.73 0.31 0.29
I.Cash flow ratio
Pak Qatar Family Takaful Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital 451,672 532,971 532,972 608,853 710,629
4.Others 1,661 0 0 0 0
1.Balance of statutory funds 1,595 226,212 64,110 575,702 1,400,522
5.Fixed assets 40,093 136,014 114,146 101,894 121,165
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
E.Other items
2.Cash dividend 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
3.Earning per share (D8/E1) (rs. per share) -0.47 -1.17 -1.36 -1.18 -0.13
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

5.Underwriting profit to profit after tax. (D6/D8) -0.05 -3.74 -1.03 0.00 0.00
G.Liquidity ratios
1.Capital ratio (A/C) 0.97 0.56 0.78 0.34 0.21
I.Cash flow ratio
Pak Qatar General Takaful Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital 307,800 307,800 307,800 307,800 307,800
4.Others 2,661 2,661 2,660 2,661 0
3.Other/misc. liabilities 3,184 22,305 (4,955) 56,626 10,659
5.Fixed assets 14,110 32,919 52,457 35,793 48,619
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
2.Cash dividend 0.00 0.00 0.00 0.00 0.00
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
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

4.Net Claims Incurred Ratio (D5/D3) -0.26 0.53 0.88 1.57 1.49
6.Investment income to net premium (D1/D3) -9.69 0.01 0.01 0.87 0.04
G.Liquidity ratios
1.Capital ratio (A/C) 0.98 0.81 0.71 0.71 0.61
I.Cash flow ratio
Takaful Pakistan Ltd.

Items 2007 2008 2009 2010 2011
1.Share capital 300,000 300,000 300,000 300,000 300,000
2.Reserves (40,779) 0 0 0 0
4.Others 0 0 0 0 43,095
1.Balance of statutory funds (9,929) (36,951) (3,507) 8,545 -
3.Other/misc. liabilities 53,501 235,057 344,740 (112,466) 82,756
5.Fixed assets 36,904 51,353 43,609 29,990 20,780
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
2.Cash dividend 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)
1.Return on equity (ROE) (D8/A) -0.12 -0.32 -0.14 -0.27 0.03

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

3.Earning per share (D8/E1) (rs. per share) -1.02 -2.08 -0.76 -1.18 0.13
5.Underwriting profit to profit after tax. (D6/D8) 0.35 0.50 -0.52 1.42 -2.98
G.Liquidity ratios
1.Capital ratio (A/C) 0.68 0.36 0.25 0.28 0.29
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8) 0.63 -2.04 5.41 4.40 -2.27
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
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
a.Cash & bank balances 309 704,067 219,559 156,235
a.Investment in housing finance 11,098 9,188 13,622 27,521
b.Other assets 29,044 24,405 59,329 52,184
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
4.Cash generated from operating activities (13,691) (227,022) 651,531 2,324,105
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
4.Investment to total assets (C2a/C) 0.07 0.00 0.00 0.00
1.Capital ratio (A/C) 0.83 0.14 0.11 0.11
I.Cash flow ratio
1.Cash generated. from operating activities to profit after tax (E4/D4) (times)
-1.11 0.58 -5.95 22.05

-0.57 -0.01 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
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)
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
Asian Housing Finance Ltd. (Thousand Rupees)
Items 2007 2008 2009 2010
1.Share capital 126,164 126,164 126,164 143,098
2.Statutry reserves 12,973 12,973 12,973 12,973
4.Others 2,685 2,685 2,685 0
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
a.Cash & bank balances 309 779 790 460
a.Investment in housing finance 11,098 9,188 13,622 27,521
b.Other assets 29,044 24,405 59,329 52,184
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
2.Cash dividend 0.00 0.00 0.00 0.00
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
4.Investment to total assets (C2a/C) 7.04% 0.06% 8.24% 16.38%
1.Capital ratio (A/C) 83.08% 0.86% 76.01% 80.64%
I.Cash flow ratio
1.Cash generated. from operating activities to profit after tax (E4/D4) -1.11 -2.81 -4.15 -2.04
(Thousand Rupees)
133,813
143,098
12,973
(22,258)
51,035
19,178
31,857
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
Not available
2.Cash generated from operating activities to current liabilities (E4/B1) -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
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
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%
4.Investment to total assets (C2a/C) - 0.00 0.00 0.00
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

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

(Thousand Rupees)
2018
16,926,069
19,365,000
1,246,974
(3,685,905)
(20,845)
3,972,657
3,972,657
20,877,881
446,407
34,387
412,020
20,431,474
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
1.Cash generated. from operating activities to profit after tax (E4/D4) (times) - 0.62 -5.96 20.52
2.Cash generated from operating activities to current liabilities (E4/B1) (times)- -0.02 0.04 0.14
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

-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
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
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) (times) 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
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 profit after tax.

0.92(E4/D5) (times)
0.88 0.12 0.03 0.90 0.59

-1.33 (E4/B1)-0.36
(times) -0.04 -0.01 -0.17 0.49
AKD Capital Ltd.

(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
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)
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
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
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) (times) - - 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
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 profit after tax. -(E4/D5) (times)
- 1.35 3.43 3.63 0.59

- (E4/B1) (times)
- -1.12 0.80 2.33 0.49
AMZ Venture Capital (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

Items 2007 2008 2009 2010 2011
1.Share capital 300,000 300,000 300,000 300,000 300,000
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
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
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00 -
3.Stock dividend/bonus shares 0.00 0.00 0.00 0.00 -
2.Return on capital employed (ROCE) (D5/C-B1) -0.04 -0.10 -0.05 -0.05 -0.05
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
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) (times) 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
1.Capital ratio (A/C) 0.58 0.52 0.48 0.48 0.48
I.Cash flow ratio
1.Cash generated from operating activities to profit after -0.41

tax. (E4/D5) (times)
-0.62 -2.27 -2.27 -2.27

0.28 (E4/B1) 0.08
(times) 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
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
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
E.Other items
2.Cash dividend 0.00 0.00 0.00 0.00 -
4.Cash generated from operating activities 3,861 (12,142) 644 644 644
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
5.Admin. expense to revenue (D2/D1) 2.51 -0.01 1.99 1.99 1.99
G.Liquidity 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 profit after -0.32

tax. (E4/D5) (times)
0.83 -0.10 -0.10 -0.10

2.16 (E4/B1)-5.68
(times) 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
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
2.Cash dividend 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)
2.Return on capital employed (ROCE) (D5/C-B1) -0.01 -0.01 -2.53 3.59 0.88
5.Admin. expense to revenue (D2/D1) 2.89 2.89 0.31 0.30 0.27
G.Liquidity 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 profit after tax.

1.64(E4/D5) (times)
1.64 0.12 0.05 0.94

-2.87 (E4/B1)-2.87
(times) -0.04 -0.01 -0.18

Financial Statement Analysis

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Financial Statement Analysis

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Financial Statement Analysis of Financial Sector

All Banks - Overall

A.Total equity (A1 to A3) 969,039,392 1,096,903,165

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

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 (D6/C) 1.37% 0.02

6.Net markup/interest income(after provisions) to total assets(D5/C) 3.25% 3.18%

1,175,498,718 1,149,807,067 1,262,042,353

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%

8.Admin. expesne to profit before tax. (D8/D9)(times) 1.23 1.02

9.Non-markup/interest expense to total income D7/(D1+D6) 28.59% 28.58%

10.Admin. expense to non-markup/interest income(D8/D6)(times) 1.83 1.55

1.Cash & cash equivalent to total assets (C1+C2)/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/C) 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%