Six Years Financial Highlights Rupees in milion 2014 201322 2011 2010-2000 BALANGE SHEET ‘Share cagital yeast tg4ar 1949113401 13,431 gc Reserves 180 163 163 138 - 206 Deposits and other accounts 68770 88.433 69,050 64,072 55,708 49,610 ‘Sub-ordinated loan = ~ = - 3 = Borrowings (rom financial institutions zi7d2 11,082 «11.977 17,782 -9,671 15,088 Total Assets 102,649 91,770 88,080 90,670 72,669 68,664 Gross Advances 66417 81,470 54079 55,309 2.925 40,592 ‘Advances-Net of provisions 58,967 56,038 49,060 48,006 44,064 32,097 ‘Non pertorming Advances 8222 987217 = 1023 12,380 17,881 Investments ~net of provsions 18105 1485312795 «17548 «13.190 20,179 Equity 8501 86755373 s630 4.834 4,763 Provision Hele 5450 54325018 5973 8.570 8.486 Provision Held / NPL 66.29% 503% 45,39% © 4B 7A% 69.34% 71.43% Provision Hole / Total Advancos 846% = BBLS 9.28% = TINA 16.19% 20.9306 PROFIT AND LOSS ACCOUNT Mask-up/return/nterest earned 9429 7,622 8.584 8986 6,78 8913. Mark-up/retura/intorest expensed 5,963) 6.453) (681) (6518) .927) (5856) Net mark-up’ interest eamed 3.400 4302 veri 88 58 Provisions and Write off (368) 580 2630 = 228) (@,809) [Net markup /inerestincome/(oss)affer prowsions 3093 1,526 (2.483 4501621. (2.252) Non-markup/interest income 1,720 4,925 1,065 B47 1,185 Bee ‘Non-markupvinterest expersses 6.581) (4.97) (4.077) 988) GOH) (2,663) (Loss) Profit before Taxation 131 (1,528) 628) 1,958 (1.236) (4.252) {Loss)/Frofit After Taxation 87 (1.157) aay 695 (1.131) (2,903) FINANCIAL RATIOS. Income / Expense Ratio Times 14or ore O78 0681 0.689 (0.270 Return on average Equity (ROE) % 114 (9920625) 1327 4.29) (94.3) ‘istuen on average Assets (ROA) % 009128 (0.38) 08s (160) (467) NPLs to Gross Advances ratio % 42.78 1806 20.00 1993 2395 29.29 Earning assets to Total Assets ratio % 78017778 75.66 785 8063 77.69 Earnings per share Rs 003 0.4) (0.13) 028 © (49). 82) Gross spread ratio (NIM/Grose intorest income) Ys 3670 2833216 22311253 0.88 NON-FINANCIAL INFORMATION ‘Number of branches. 88 88 85 85 82 85. Numbsr of employsos 2905 28862750 256121791959 ee ainn aleValue Added Statement ‘STATEMENT OF VALUE ADDED Value Added Net interest Income Non Interest income Expenses exclicing staff costs, deprecation and amortization, Provision against advances, investments & others, Value added for distribution To Employoos: Remuneration, provident fund and other benefits To Government Income tax ‘To Expansion and growth Depreciation ‘Amortization Retained Earnings 2014 Rs ‘000 3,880,117 1.720303, (1,878,052) (67.613) 234 a5 2335,450 44555 985,792 e2212 86.860. 54,808 2934815 18 700 2019 Rs ‘000 % Tiesto SILKBANK 7 reteHorizontal Analysis 20s 14513 2013 ReM RGM assers Caen and belanoee With taseury banks 5382 SBalaneoo with other bana ‘208 Lending to franca! institutions ar Inestrnents vaass Advances 58038, ‘Gperatng ed assets 4592 Deter tax asset ret) 3399 ‘ther assats e318 TOTAL ASSETS a7 ABILITIES Bite payasle 2isn 20% 2747 ‘Borrowings fom nancial nstiutene nu7an 91m 11382 spose and cher accounts Bay7o 16 60439 ‘Subordinatedion 7 7 LUabitiesagawstasse's subject io ance ase 17 + (ner atites ‘TOTAL LIABILITIES NET ASSETS REPRESENTED BY ‘share capital wins > 26718 ‘Advance against proposed issueotrigntshares, 2.0000 == Reserves 120 11% 163. ‘Dscount onissue of nghis shares 99285) 0% (19285) Accumulated lose (Baa) 1% (G52 ‘Surplus on evaluation of aso's (nto tan) “87% 403 CConvamtine preternce shares 0% 2200, ane 6875 PROFIT AND LOSS AGCOUNT Mar upsetuesietorstoserad son 2a 7800 Marcuplretunvietorest expensod (6965) 9% (6.483) ‘Not marc up Interest eared 3460 60% 2.160 Provisions and Wite of (368) 42% 633) ‘Net markeup/ inioestncomelioas) ater provisions 9.098 10936 1,328, ‘Noo markuprntorest income yd 30% 132 ‘Norerarkup/rionest expanses sa) 7%. 37 Protv{Loss oye Taxation 131 109% (1523) Taxation (3) 112% 372 Profit/Loxe) After Taxation a y8ve12 22 i2ve99 2011 % Rem 4007 0% 1638 155% Bae 1196 18% a9 209% 383% 20% 1% 189% 101% asa ea) "92 ‘a0 2.883 1085 warn (S29) "88 % RM REM 40% 4496 20% 9416 0% 4 6K 80 8% Axor 195% 3.061 “27% 17 SAB 3356 13,180 “2% 49995 73% 46,354 2% 478 8% 7884 1% 3569 -15% 4.199 20% 7200 6a%6 3993, 48% 1670 101% 837 36% 17782 80% 0.87) 8% S472 18% 66,708 “13% 1490 5% 1.82) FE IS BE CBS = wre = 2,710 We ye =" 19265) (19.285) 1% (8055) 6% (614) 50% 123 627% 17 3h Saw We _aaae 2% 9386 28% 8776 3% (6515) 10% (6027) 2% B71 s20% 840 “70% 2630-12557 28) “88% 481 625% 621 25% gar 20% 1.185, 2% (2968) 21% @.08%) 490% 1369 210% (1236) 128% _p64)-736% “104 % om Nm 2% “2 3% am 3% 109% 2% eH 1006 0% a 1% Tr 191% “100% 5% 20% Tam 504 19 190095 “20% 2% 1% 1% “1% “2% eM ane 361 1.068 20179 s20e7 ‘grat 3976 4351, 11s 10 20/0 10¥509 2000 09 ve 08 296 21% 229% 896 29% 20% 52% 096 wae 15088, 4gsio 0 589 ESR 17% B34 | 2% 9170 — 080-295 90670 25% 72659 9% BASES 2086 96 78% 26 738% 1%8 sd 696 396 879% ae eu 3696 BH 4% ant re 31% 8596 ar 108% GS 26% Cana) Tam — aes eI CIB) Bm Ne) aus a a 26% Bua BI a6 Pela teesVertical Analy Balance shoot ASSETS (Cash are balances vith teasury panes Baances with ether barke Lending te franciatsitutons Investments Agvances (Operating tad acs Delrrad tax asst ft) (tre aveate TOTALASSETS: ABILITIES Bits payable Borrowings hom fnancil institutions Deposits ano other accounts Sus tented oan Usbities agunstascatsauboct ta franc lease (Ome ates TOTALLIABILTIES Her ASSETS REPRESENTED BY Share capt) ‘sane spot noted an of hth Discount on soue of rights shares Accumulated oss ‘Sspuson revaluation of assots net a) Converts preference shares PROFIT AND LOSS ACCOUNT Mark-upirturvinierest exec Markeupireturinterest expensac ‘Net mark-up rieres eared Proviens and Wrte of Net mar intrest neers) fer provision ‘Non markupiioret income Nensmarkapliniorest axpeness Prafiv{Loss) botore Taxation “Taxation Profil(Loss) Alter Taxation sis ama ane ore 2011 2n0 2008 eM % REM % OREM % ORM % OREM ORAM 5309 Si 9262 «MUTA AA OH SHIT Om BITS m9 OK 226 OOM OOOO ASTON MOD 3% 470% SOL? 6M NOT 3H TO 18 10682 1805 BM 14850 16H 12705 140k ATI94B YOR 19160 10 20179 20% S87 57% SOE BIN AOSD 55% AOSD SSM adSsH GI S207 47% tees 48 4600S ENT SM TSG SH 2des OK ARN HL aay 4% 2ho 4 60K ASOD AK ate BK ARTS BM feu ou sate 7m ease 100 7.000 gos sda ene Taz.eso eon o1.770 Too; oa0e0 100% Go.970 VODs; 72069 790% A040 230 ou 27d7 oe 192% 1679 ON mt wa D176 A MAR 12% TAT? 19% 1778? DOM ONT 4K I5OHR 22% 52770 GTA eas TH. BROS THM GAOT? TIO S870 THe EBEIO 79% ES 2 Die em ews me BEDI 0% 9475 om PNG 20% PTE 29% DOTIS 30M 2876 29% ABTIE 37% OED 19H 2too 26 reins ww 0% 163M 69am o% 25 oO (328g 8% (9288) 496. prazesy 1896 faz85) 135 tases) 18% on th Bm OSA) 1096 GEN) 9% 1805) 95 CN) 12% (9OsN) -134 Ws OO Oe MO aw tad OT Om 1888 2m 2200 2% 220296 3201 36r5 165379 ae ese 2429 O55 7622 BSH BSEL 89% B98 1 GTIE BSH S919 G69 545% G45) 6196 LGEEN) 59% BIH -714 GoI 7436 (5856) 3a60 51% 2160 2a “TSC 20% 187) MH BD 11K og ae ex) 7m 58 tee Dam aa am) “ae aE) sions aes 1596 2aEs ee ASOT a GY ae ND) fi7a0 Sm Yas 1606 106511 ear 9m 885 HS eee (ce) 2% Gary 48 or) 42% saaH BH Gor) dow (es) Tay 3m Mhsee) F796) aH TASH 15M F208) TOE 222) $9 Ow ora ae 10a foot) TH Mea 1880 a7 1% Gist) ioe 68am) tae ON) SILKBANK 7 SreiratsShareholders Equity (Rs. in Villion) 10,000: 9,000. 000: 7,000 6000: 5,000: 4,000. 3,000: 2014 2013 2012 Total Assets (Rs. in Billion)EI Total Assets - 2014 (Rs. in Bilion) Fed Assats Invesimerts- et Rs. 46, 4% Rs. 18.1, 18% Deferred Tax Rs.3,9, 4% Lendings to FI Rs. 3.0, 3% Ober Assets Cash and Balances Rs.8.8, 9% Rs. 5.2, 5% Total Assets - 2013 (Rs. in Billion) Advances - not Rs, 58.0, 61% Investments net Rs. 149, 16% Fed Assets Rs. 4.7, 5% Lendings to FL Rs. 0.4 0.49% ea Cash and Balances RS. 5.6, 0% Other Assets RS. 63,7% SILKBANK 7”Earning Assets Vs. Non-Earning Assets (Rs. in Billion) 2) ny 2014 2013 2012 =. Gross Advances & Deposits (Rs. in Billion) EamingAsets (@ Neon-Earing Assets60} : 2014 (Rs. in Bilion) Savin Rs 20.4, 30% Curent Rs. 19.0, 28% Deposit Mix - 2013 (Rs. in Billion) Savings Ro, 20.8 90% Jem Rs. 31.3, 45% Curent Rs. 17.5, 25%Performing Vs. Non-Performing Loans (Rs. in Billion) (© Peving ears © NinPefoming Loans 2011 = CASA (Current & Saving Deposits) (RS in Bilion) 2014 2013"Sector Wise Advances - 2014 (Rs inVilion) Others Rs, 34,866, 54% Individua's RS, 10,687, 17% Cemical and Pharmaceutical insbrance, Rs. 2083, 3% R50, 0% ‘Agrousiness Financial RRS Rs. 1,724, 3h Cement Rs. 325, 1% Poner (slecticity), Gas, Waier Sanitary a Rs. 705, 1% Re. 3880, 6% Electronics and electrical ‘appliances a Cg Rs. 2,129, 3% Automobileltransportation Footwear and 5, 6,923, equpment Leather gaments Re, 879, 1% Rs. 323, 1% Sector Wise Advances 2013 (Rs. in illion) Others Rs. 3608, 59% ait Te ead Pharmacet RS. 3,391, 6% ireurance Rs. 0, 0% Agibusness Rs. 162, 0.26% Financial Rs. 2036, 3% Cement Re. 253, 041% Power (elesticiy), Ges, Water, Sanitary dome ahs Rs, 1510, 2% patina at electrical TRS, Monten sates an pment eeerent Leather gaments SILKBANK 7 ety100 4000 3.500 3000 2500 2,000 1500 4,000 500 Mark-up Income Vs. Cost of Fund (Rs. in Billion) Revenue Composition (As. in Milion) Naseup income © Costot Fund @ Net interest ncome @ Norte reone‘Operating Profit & Profit After Tax (Fs. in Millon) 6.000 5.000 $000 3,000 2,000 4,000 (189 (© Opry Pot (© Prot ater ax (sm a mo 22 mt Income & Expenses (Rs. in Million) 5,180 4077 ae 3,988 4581 3484 2017 2,967 © Expenses © home 2011 m2 2013 2014Statement of Financial Position as at December 31, 2014 December31, December 31, oe 18 aes ote Aupoosin 0 Cah are balances vith teasiry banks 7 Srogeed] [Sasi Balances wih afer banks 3 eeare| | 220,104 Landings to rari nstutons 3 3000000, | sao.so Investments = et yo | sposata) | 14.358 257 bares et 1+ | eagegarz| | s8.0r.s22 ‘Operating fixed assets 12 4,563,290) 4,691,552 Dated tox assets net 16 geeriee| | Saaa.078 Other assets 14 2,833,892) 6,314,048 Fe2oistt7 91,770,195 LABILITIES ‘Bills payable 18 2,153,091 2,747,400 Borowngs ie | ziaaauel | 11 er 975 Doron and ih aborts 17 | arose] | catesase Subordinated lars : . Liabilities against assets subject to finance lease: 18 17,105) _ Dotorod tax lables 3 Otter bites 6 ese) | 1.302.100 94,148,290 85,095,007" NET ASSETS Bev? | — 6.57518 REPRESENTED BY ‘Share capital 20 26,716,048 26,716,048 Discount on issue of right shares: (13,284,674) (13,284,674) eserves 100394 | 102,702 Advance against shares subscription 20s 20000000 © Convert reference shares 2 2200000 —2200,009 fccaimteled lo San4t29) 500.06) 8,367,385 6,267,287 Surluson revaluation of assets net of tax 22 soa s0r.901 Sessa, 5575,188, CONTINGENCIES AND COMMITMENTS 28 ‘The annexed notes 7 to 47 and Amexures | and I form an integral part of these financial statements. frre: beh wy tf Aamat Faria Tariq labat Khan ‘Adnan Afridi ‘Shamoul Hasan President & CEO. Director Director Drestor fy Annual ReportProfit And Loss Account for the year ended December 31, 2014 Mark-up /retum / interest earned Mark-up /retuin / interest expensed Net mark-up / interest income Provision against non-performing loans and advances - net Provision against consumer financing - net Recovery againat written off loans Reversal for diminution in the value of investments - net Impairment in the value ot investment Bad dabts writton off droctly Net mark-up / interest income after provisions: NON MARK-UP/ INTEREST INCOME Fee, commission and brokerage income Dividend income Income from dealing in foreign curencies Gain on sale of securities - net Unreaiised gain / (loss) on revaluation of investments - held-ior-tracing ‘Other income Total non-mark-up /Interest income NON MARK-UP/ INTEREST EXPENSES: Administrative expenses ‘Other reversals / (provisions) / (write offs) ~ net Other charges ‘Total non-mark-up / interest expenses: Extra ordinary / unusual items PROFIT / (LOSS) BEFORE TAXATION Taxation - Current ~Plior ~Deferres PROFIT / (LOSS) AFTER TAXATION Basic eerrings/ loos) per share Diluted eamings / (oss) per share Noto 25 26 na n3 10.14 10.11.1/10.11.2 WT 27 104 238 38 38 December3t, December 21, 2018 2013 uposs in 090 easozie] [7,602,425 (6.909099) | (5,462,609) $460,117 2,189,756 (79,071 (@20,345) (127,402) (142,041) 4,004 6.214 2597 - (167.675) (76,879) s (423) (367,613) (633.475) 3,092,504 7,526,281 868,203) 684,378 47.468 63.401 198572 210,580 340,592 169,917 169,053 (1.431) 02615 198,725, 7.720363 “4812867 ((1682)044), 38,019 (e7aa7) (87,452) 131415 (1,528,078) 81415 = (1,528,078) (44, 371,518 (eases) 371516 86,860 1,156,562) Rupee = OM) 0.02 0.43) ‘The annexed notas 1 to 47 and Annexures | and Il form an integral part of these financial statements, bones Fp Amat Torin ‘Tariq iq! Khan, President & C=O Director y Adnan Atri Drestor ti ‘Shamsu! Hasan Director SILKBANK ~ ty