BALANCE SHEET

ASSETS
Cash
Balance with other banks
Lending to financial institutions
Investments_ net
Advances net
Operating fixed assets
Other assets_net
Deferred tax assets_net
TOTAL ASSETS
LIABILITIES
Deposits and other accounts
Borrowings from financial inst.
Bills payable
Other liabilities
Deferred tax liabilities
Sub ordinated loans
Liabilities against assets
TOTAL LIABILITIES
NET ASSETS
OWNER'S EQUITY
Share capital
Reserve
Unappropriated profit
Surplus on revaluation of assets
TOTAL OWNER'S EQUITY
TOTAL OWNER'S EQUITY &
LIABILITIES

2009

2010

38,774,871
6,009,993
3,000,000
167,134,465
253,249,407
18,014,896
23,040,095
0
509,223,727

(Rupees in thousands)
45,407,183
1,478,569
4,401,781
213,060,882
254,551,589
20,947,540
27,705,069
0
567,552,613

367,604,711
44,662,088
8,201,090
15,819,082
3,196,743
0
0
439,483,714
69,740,013

431,371,937
25,684,593
10,265,537
16,092,319
4,934,018
0
0
488,348,404
79,204,209

6,911,045
38,385,760
15,779,127
61,075,932
8,664,081
69,740,013

7,602,150
40,162,906
21,414,955
69,180,011
10,024,198
79,204,209

509,223,727

567,552,613

BALANCE SHEET

ASSETS
Cash
Balance with other banks
Lending to financial institutions
Investments_ net
Advances net
Operating fixed assets
Other assets_net
Deferred tax assets_net
TOTAL ASSETS
LIABILITIES
Deposits and other accounts
Borrowings from financial inst.
Bills payable
Other liabilities
Deferred tax liabilities
Sub ordinated loans
Liabilities against assets
TOTAL LIABILITIES
NET ASSETS
OWNER'S EQUITY
Share capital
Reserve
Unappropriated profit
Surplus on revaluation of assets
TOTAL OWNER'S EQUITY
TOTAL OWNER'S EQUITY &
LIABILITIES

2009

2010

7.61%
1.18%
0.59%
32.82%
49.73%
3.54%
4.52%
0.00%
100.00%

8.00%
0.26%
0.78%
37.54%
44.85%
3.69%
4.88%
0.00%
100.00%

72.19%
8.77%
1.61%
3.11%
0.63%
0.00%
0.00%
86.30%
13.70%

76.01%
4.53%
1.81%
2.84%
0.87%
0.00%
0.00%
86.04%
13.96%

1.36%
7.54%
3.10%
11.99%
1.70%
13.70%

1.34%
7.08%
3.77%
12.19%
1.77%
13.96%

100.00%

100.00%

BALANCE SHEET

ASSETS
Cash
Balance with other banks
Lending to financial institutions
Investments_ net
Advances net
Operating fixed assets
Other assets_net
Deferred tax assets_net
TOTAL ASSETS
LIABILITIES
Deposits and other accounts
Borrowings from financial inst.
Bills payable
Other liabilities
Deferred tax liabilities
Sub ordinated loans
Liabilities against assets
TOTAL LIABILITIES
NET ASSETS
OWNER'S EQUITY
Share capital
Reserve
Unappropriated profit
Surplus on revaluation of assets
TOTAL OWNER'S EQUITY
TOTAL OWNER'S EQUITY & LIABILITIES

2009

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

2010

117.10%
24.60%
146.73%
127.48%
100.51%
116.28%
120.25%
111.45%
117.35%
57.51%
125.17%
101.73%
154.35%

111.12%
113.57%
110.00%
104.63%
135.72%
113.27%
115.70%
113.57%
111.45%

PROFIT & LOSS ACCOUNT

Mark-up/return/interest earned
Mark-up/return/interest expensed
Net mark-up/interest income
Provision against non-performing loans and advances
Provision for diminution in the value of investments
Bad debts written off directly
Provision for potential lease losses
Net mark-up/interest income after provisions
NON MARK-UP/INTEREST INCOME
Fee commission and brokerage income
Dividend income
Income from dealing in foreign currencies
Other income
Gain on Investments
Gain / Loss on trading in government securities
Total non-mark-up/interest income
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
(Reversal) / Other provisions
Other charges
Total non-mark-up/interest expenses
PROFIT BEFORE TAXATION
Taxation current year
prior year
Deferred
PROFIT AFTER TAXATION
Unappropriated profit brought forward
Transferred from surplus on revaluation of fixed Assets
Profit available for appropriation
Basic and diluted earnings per share after tax
Number Of shares Outstanding

2009

51,616,007
15,837,322
35,778,685
1,484,218
5,796,527

2010

(Rupees in thousands)
54,821,296
17,987,767
36,833,529
444,476
3,100,594

41,576
0
7,322,321
28,456,364

52,047
0
3,597,117
33,236,412

3,455,948
459,741
341,402
612,026
0
773,768
5,642,885
34,099,249

4,129,540
543,906
632,346
547,680
0
411,834
6,265,306
39,501,718

10,111,330
142,824
690,150
10,944,304
23,154,945
7,703,305
-2,232,226
2,188,569
7,659,648
15,495,297
9,193,332
22,324
9,215,656
24,710,953

12,173,942
88,261
986,440
13,248,643
26,253,075
8,027,433
0
1,352,467
9,379,900
16,873,175
15,779,127
21,792
15,800,919
32,674,094
(Rupees)
22.38
22.2
(In Numbers)
692372520
760052928

s in thousands)

PROFIT & LOSS ACCOUNT

Mark-up/return/interest earned
Mark-up/return/interest expensed
Net mark-up/interest income
Provision against non-performing loans and advances
Provision for diminution in the value of investments
Bad debts written off directly
Provision for potential lease losses
Net mark-up/interest income after provisions
NON MARK-UP/INTEREST INCOME
Fee commission and brokerage income
Dividend income
Income from dealing in foreign currencies
Other income
Gain on Investments
Gain / Loss on trading in government securities
Total non-mark-up/interest income
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
(Reversal) / Other provisions
Other charges
Total non-mark-up/interest expenses
PROFIT BEFORE TAXATION
Taxation current year
prior year
Deferred
PROFIT AFTER TAXATION
Unappropriated profit brought forward
Transferred from surplus on revaluation of fixed Assets

Profit available for appropriation

Basic and diluted earnings per share after tax

2009

2010

100.00%
30.68%
69.32%
2.88%
11.23%
0.08%
0.00%
14.19%
55.13%

100.00%
32.81%
67.19%
0.81%
5.66%
0.09%
0.00%
6.56%
60.63%

6.70%
0.89%
0.66%
1.19%
0.00%
1.50%
10.93%
66.06%

7.53%
0.99%
1.15%
1.00%
0.00%
0.75%
11.43%
72.06%

19.59%
0.28%
1.34%
21.20%

22.21%
0.16%
1.80%
24.17%

14.92%
-4.32%
4.24%
14.84%
30.02%
17.81%

14.64%
0.00%
2.47%
17.11%
30.78%
28.78%

0.04%
17.85%
47.87%

0.04%
28.82%
59.60%

0.00%

0.00%

PROFIT & LOSS ACCOUNT

2009

2010

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

106.21%
113.58%
102.95%
29.95%
53.49%
125.19%

100.00%
100.00%

49.13%
116.80%

100.00%
100.00%
100.00%
100.00%

119.49%
118.31%
185.22%
89.49%

100.00%
100.00%
100.00%

53.22%
111.03%
115.84%

Profit available for appropriation

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

120.40%
61.80%
142.93%
121.06%
113.38%
104.21%
0.00%
61.80%
122.46%
108.89%
171.64%
97.62%
171.46%
132.23%

Basic and diluted earnings per share after tax

100.00%

99.20%

Mark-up/return/interest earned
Mark-up/return/interest expensed
Net mark-up/interest income
Provision against non-performing loans and advances
Provision for diminution in the value of investments
Bad debts written off directly
Provision for potential lease losses
Net mark-up/interest income after provisions
NON MARK-UP/INTEREST INCOME
Fee commission and brokerage income
Dividend income
Income from dealing in foreign currencies
Other income
Gain on Investments
Gain / Loss on trading in government securities
Total non-mark-up/interest income
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
(Reversal) / Other provisions
Other charges
Total non-mark-up/interest expenses
PROFIT BEFORE TAXATION
Taxation current year
prior year
Deferred
PROFIT AFTER TAXATION
Unappropriated profit brought forward
Transferred from surplus on revaluation of fixed Assets

Liquidity Ratios
Current Ratio = Current Assets/Current Liabilities
Year
current assets
current liabilities
current ratio

2009

2010

468,168,736

518,900,004

420,467,889

467,322,067

1.113447063

1.110369145

1.114
1.112
1.11
1.108

Quick Ratio/Acid Test Ratio/Liquid Ratio = Liquid Asset/Current Liabilities

Liquid Asset= Current Assets-Inventories-Prepaid Expenses
Year
liquid assets
current liabilities
Quick ratio

2009

2010

468,168,736

518,900,004

420,467,889

467,322,067

1.113447063

1.110369145

1.114
1.112
1.11
1.108

Cash Ratio= (Cash+Cash equilent+Marketable securities)/Current Liabilities

2009

Year
Cash+Cash equilent+M.S.
current liabilities
Cash Ratio

2010

44,784,864

46,885,752

420,467,889

467,322,067

0.11

0.10

Net Wokring Captial= Current Assets-Current Liabilities

Year
current assets
current liabilities
Net Wokring Captial

2009

2010

468,168,736

518,900,004

420,467,889

467,322,067

47700847.00

51577937.00

Cash Ratio
0.11
0.11
0.10
0.10
0.10
0.10
0.10
2009

Long-Term Debt Paying Ability

Debt Ratio= Total Liabilities/Total Assests
Year
Total Liabilities
Total Assests
Debt Ratio

2009

2010

439,483,714

488,348,404

509,223,727

567,552,613

0.863046419

0.86044605

Debt to Equity Ratio= Total Liabilities/ Owner's Equity

Year
Total Liabilities
Owner's Equity

2009

2010

439,483,714

488,348,404

69,740,013

79,204,209

0.864
0.863
0.862
0.861
0.86
0.859

Debt to Equity Ratio

0.859

6.30

6.17

2009

2010

69,740,013

79,204,209

0.14

509,223,727

567,552,613

0.14

0.14

0.14

Proprietary Ratio= Total Equity / Total Assets

Year
Total Equity
Total Assets
Proprietary Ratio

0.14

0.14
0.14

Debt to Tangiable Networth= Total Liabilities/ Owner's Equity-Intengiable Assest

Year
Total Liabilities
Owner's Equity-Intengiable Assest
Debt to Tangiable Networth

2009

2010

439,483,714

488,348,404

61,075,932

69,180,011

7.20

7.06

0.14

Return on A

Analysis of Profitability
3.05%

Return on Asset= (Net Profit after tax/ Total Assets) x100

Year
Net Profit after tax
Total Assets
Return on Asset

3.00%

2009

2010

2.95%

15,495,297

16,873,175

2.90%

509,223,727

567,552,613

3.04%

2.97%

2009

Return on Eq

Return on Equity= (Net Profit after tax/ Equity) x100

22.50%
Year
Net Profit after tax
Equity
External Internal Equity Ratio

2009

2010

15,495,297

16,873,175

69,740,013

79,204,209

22.22%

21.30%

22.00%
21.50%
21.00%
20.50%

21.00%
20.50%
2009

Return on Investment = (Net Profit after tax/ Investment) x100

Year
Net Profit after tax
Investment
Return on Investment

2009

2010

15,495,297

16,873,175

Return on Fixed Assets =( Net Profit after tax/Fixed Assets) x100

Year
Net Profit after tax
Fixed Assets
Return on Fixed Assets

2009

2010

15,495,297

16,873,175

18,014,896

20,947,540

86.01%

80.55%

Return on Fixed
88.00%
86.00%
84.00%
82.00%
80.00%
78.00%
76.00%
2009

Net Profit Ma
Net Profit Margin= (Net Profit after Tax/ Interest Income) x100
Year
Net Profit after tax
Interest Income
Net Profit Margin

46.00%

2009

2010

45.00%

15,495,297

16,873,175

44.00%

35,778,685

36,833,529

43.31%

45.81%

43.00%
42.00%
2009

Interest Income to Total Income=(Interest Income/ Total Income) x100

Year
Interest Income
Total Income
Interest Income to Total Income

2009

2010

35,778,685

36,833,529

41,421,570

43,098,835

86.38%

85.46%

Interest Income t
Income
86.50%
86.00%

Interest Expense to Total Expense=(Interest Expense/ Total Expense) x100

Year
Interest Expense
Total Expense
Interest Expense to Total Expense

2009

2010

15,837,322

17,987,767

23,159,643

21,584,884

68.38%

83.34%

Return on Advances= (Interet Income/Total Loans) x100

Year
Interet Income
Total Loans
Return on Advances

85.50%
85.00%
2009

Interest Expe
100.00%

2009

2010

35,778,685

36,833,529

80.00%
60.00%
40.00%
20.00%
0.00%

Analysis For Investor

Earning P

Earning P

Earning Per Share= Net Profit after Tax/ Number of Share Outstanding
Year
Net Profit after Tax
Number of Share Outstanding
Earning Per Share

2009

2010

15,495,297

16,873,175

692,372,520

760,052,928

0.02238

0.0222

0.0224
0.0223
0.0222

in 1000's

0.0221

Price Earning Ratio= Market Price Share/Earning per share

Market price per share of PKR470 4th Jan.2009

Year
Market Price Share
Earning per share
Price Earning Ratio

2009

2010

470

470

22.38
21.00

22.2
21.17

Dividend Per
2.00

in rupees
Dividend Per Share= Total Dividend/ Number of Share Outstanding
Year
Total Dividend
Number of Share Outstanding
Dividend Per Share

1.50

2009

2010

842,950,000

1,288,871,000

692,372,520

760,052,928

1.22

1.70

1.00
0.50
0.00

in rupees

2009

Diviend Yeild=Dividend Per Share/ Market Price Per Share

Year
Dividend Per Share
Market Price Per Share
Diviend Yeild

2009

2010

1.22

1.70

470
0.002595745

470
0.003617021

Dividend PayOut
0.10
0.08

Dividend PayOut Ratio= Dividend per Common Share/ Earning per share
Year
Dividend per Common Share
Earning per share
Dividend PayOut Ratio

0.06

2009

2010

1.22

1.7

22.38

22.2

0.05

0.08

0.04
0.02
0.00
2009

Current Ratio
1.114
1.112
1.11
1.108
2009

2010

Liquid Asset
1.114
1.112
1.11
1.108
2009

2010

Cash Ratio
Net Wokring Captial
55000000.00
2010

50000000.00
45000000.00
2009

2010

Debt to Equity Ratio

Debt Ratio
6.35
6.30
6.25
6.20
6.15
6.10
6.05

2009

2010

6.10
6.05
2009

Proprietary Ratio
0.14
0.14

7.30
7.20
7.10
7.00
6.90

0.14
0.14
0.14
0.14
2009

2010

Return on Asset

2009

2010

Return on Equity

2010

Debt to Tangiable
Networth

2009

2010

2009

2010

Return on Fixed Assets

2009

2010

Net Profit Margin

2009

2010

Interest Income to Total

Income

2009

2010

Interest Expense to Total

Expense

2009

2010

Earning Per Share

Earning Per Share

Price Earning Ratio
2009

2010

21.20
21.15
21.10
21.05
21.00
20.95
20.90

Dividend Per Share

2009

2010

Diviend Yeild
0.004
0.003
2009

2010

0.002
0.001

Dividend PayOut Ratio

2010

0
2009

2010