FINANCIAL STATEMENT ANALYSIS OF FINANCIAL SECTOR 2007-2011 CY06 CY07 Share Capital

Financial Statement Analysis of Financial Sector
2011
FINANCIAL STATEMENT ANALYSIS OF

FINANCIAL SECTOR
2007-2011
CY06
CY07
Bil ion Rs.
Growth
Share Capital (SC)
9.5
Reserves (RS)
5.4
12 26.30%
15 177.80%
Un Appropriated Profit (RE)
15.6
40.7 160.90%
Others (MISC)
0.8
0.4 -50.00%
Total Shareholders Equity (SE)
31.3
68.1 117.60%
Si TATISTICS AND DWH DEPARTMENT

STATE BANK PAKISTAN
2011
Vision and Mission Statements of State Bank of Pakistan
Vision
To transform SBP into a modern and dynamic central bank, highly
professional and efficient, fully equipped to play a meaningful role, on
sustainable basis, in the economic and social development of Pakistan.
Mission
To promote monetary and financial stability and foster a sound and
dynamic financial system, so as to achieve sustained and equitable
economic growth and prosperity in Pakistan.
ii
2011
Team Leader
Shamsul Arifeen
Sr. Joint Director

shamsul.arifeen@sbp.org.pk
Team Members
Shahid Latif
Joint Director
shahid.latif@sbp.org.pk
Muhammad Saeed
Assistant Director
Muhammad.Saeed2@sbp.org.pk
Asif Ali
Assistant Director
Asif.ali4@sbp.org.pk
Sadia Batool
Assistant Director
Sadia.Batool@sbp.org.pk
2011
CONTENTS
Preface ..........................................................................................................................................................................v
Executive Summary............................................................................................................................ vi
Introduction ................................................................................................................................................................ 1
1.1 Methodology ............................................................................................................................................. 2
1.2 Concepts and Definitions ......................................................................................................................... 3
1.3 Performance Indicators .......................................................................................................................... 14
Review and Financial Analysis
Banks ..................................................................................................................................................................... 24
Development Finance Institutions (DFIs) ...................................................................................................... 71
Leasing Companies ............................................................................................................................................ 82
Investment Banks ............................................................................................................................................... 95
Mutual Funds (Close Ended) .......................................................................................................................... 105
Modaraba Companies ...................................................................................................................................... 123
Exchange Companies ....................................................................................................................................... 152
Insurance Companies ...................................................................................................................................... 179
Housing Finance ............................................................................................................................................... 236
Venture Capital ................................................................................................................................................ 240
Appendix .................................................................................................................................................................. 247

Explanatory Notes .................................................................................................................................................. 251
iv
2011
Preface
The financial sector, one of the most important components of the countrys economy having a share of around
5% in the Gross Domestic Product essentially requires a sound, stable and robust financial system for economic
well being of the country and its populace.
Pakistans financial sector represents a well-developed integration of institutions of a diversified nature
including Banks, DFIs, Investment Banks, Leasing Companies, Modaraba Companies, Housing Finance,
Mutual Funds, Insurance Companies, Exchange Companies and Venture Capital. Disclosure and
transparency in information on business activities of financial institutions are therefore of immense
importance to all stakeholders.
An overview of business and financial conditions of financial institutions is presented in a structured
manner in form of financial statements. For large financial institutions, the financial statements are often
complex and are prepared under international accounting standards. These statements usually include an
extensive set of notes to the financial statements. The notes typically describe each item on the balance
sheet, income statement and cash flow statement in further detail.
The stakeholders and users, on the other hand, require financial indicators that can provide information on
how well the company is performing and what may happen in future. In order to meet the growing needs
of the users, Statistics & Data Warehouse Department carries out analysis of the financial statements of all
financial institutions on annual basis. Every endeavour is made to select useful and accurate data from
financial statements and compute ratios that can provide valuable clues about the financial health of these
institutions. The analysis is published in form of this publication namely Financial Statements Analysis of
Financial Sector. The publication covers analysis of financial statements of financial institutions for the period
2007-11.
It is hoped that the publication will provide a tool to researchers, policy makers and investors to understand the
activities and performance of financial sector in Pakistan. Comments on the analysis and suggestions for further
improvements of the publication are very welcome.
(Dr Azizullah Khattak)

Director
Statistics & DWH Department
2011
Executive Summary
Financial statements analysis of 182 companies from 10 sectors namely Banks, DFIs, Leasing
Companies, Investment Banks, Mutual Funds, Modarabas, Exchange Companies, Insurance Companies,
Housing Finance and Venture Capital are included in this publication for the period 2007-11.
The balance sheet size of the banking sector expanded in calender year (CY)11 and total assets of the
sector grew from Rs. 7.2 trillion in CY10 to Rs. 8.3 trillion in CY11, showing an increase of 15.4 percent.
Profit before tax increased by 49.1 percent in CY11 over the previous year.
DFIs reflected an increase in their balance sheet size during 2011. Total equity registered a growth of 6.4
percent over the last year. The profit before tax decreased by 29.3 percent, whereas profit after tax
decreased by 64.2 percent during the year.
Outlook of leasing sector in the country has not been encouraging during fiscal year (FY)11. Asset base
decreased by 9.5 percent over the period, from Rs 37.1 billion in FY10 to Rs 33.5 billion in FY11. The
sector showed profits before and after taxation of Rs.176.2 million & Rs.64.7 million respectively during
FY11.
The performance of investment banks has deteriorated over the year. Analysis revealed that their balance
sheet size squeezed by 7.2 percent in FY11 over FY10. The aggregate share capital remained the same.
Losses before and after tax have been Rs. 0.6 billion and Rs. 0.7 billion respectively in FY11. Gross
revenue also witnessed a decrease of 17.0 percent during FY11.
Balance sheet size of mutual funds contracted by 17.1 percent in FY11 over FY10. Total assets decreased
from Rs 31.2 billion in FY10 to Rs 25.8 billion in FY11. Net income was Rs. 4.3 billion in FY11 as
compared to Rs. 3.0 billion for FY10.
Modaraba companies performed well during FY11. Total assets increased from Rs. 24.5 billion in FY10
to Rs 26.3 billion in FY11 showing an increase of 7.6 percent over FY10. Total equity witnessed an
increase of 7.6 percent in FY11 over FY10. Profit before and after tax, significantly increased by 74.5
percent & 67.2 percent respectively in FY11.
vi
2011
Exchange companies exhibited an expansion in their balance sheet size during the period under review.
Total assets increased by 5.7 percent to stand at around Rs 7.6 billion during CY11 as compared to Rs 7.2
billion in CY10. Decrease in profit before and after taxation of 31.0 percent and 39.9 percent respectively
was recorded in CY11 over CY10.
CY11 turned out to be positive for insurance sector in Pakistan. The aggregate insurance business grew
sharply during CY11. Its balance sheet size expanded by 12.6 percent and reached Rs 501.8 billion in
CY11. Profit before and after taxation increased considerably during CY11.
In the housing finance sector, there have been two companies available, i.e., Asian Housing Finance
Limited and House Building Finance Corporation (HBFC). Total assets witnessed an increase of 1.7
percent to stand at Rs 19.6 billion in FY11 as compared to Rs. 19.2 billion in FY10. House Building
Finance Corporation (HBFC) showed a profit before taxation of Rs.169.0 billion.
Venture capital reflected contraction in balance sheet size during the period under review. Total equity
contracted by around 59 percent during FY11. Total assets base stood at 5.1 billion in FY11. Venture
Capital showed losses before and after taxation of about Rs 1.1 billion in FY11.
vii
2011
Introduction
Statistics and Data Warehouse Department strives hard to disseminate quality statistics. It not only
produces primary data but also provides secondary data with analysis to the various stakeholders
including researchers and policy makers. As the performance of financial sector reflects the financial
health of an economy, standard analytical tools are used to gauge the performance of this vital sector.
The analysis1 includes the following sectors2:
Banks
DFIs
Investment Banks
Leasing Companies
Modaraba Companies
Insurance Companies
Exchange Companies
Mutual Funds (close ended)
Housing Finance
Venture Capital
Consolidation is provided at the beginning of each sectors analysis. For banks, consolidation is at
different levels. At first level, overall consolidation of all banks including foreign banks is given. The
information and ratios relating to number of ordinary shares, dividend earning per share and breakup
value per share are not taken into consideration because foreign banks do not have such type of
information. The level of consolidation for banks is as follows:
All Banks (overall)
Local Banks
Public Sector Banks
Private Sector Banks
Specialized Banks
Foreign Banks
Similarly, consolidated analysis of insurance companies is also provided to reflect financial health of
Insurance Sector. The level of consolidation is as follows:
Insurance Companies (overall)
Since each sector has peculiar business activities, therefore, for analysis separate set of variables was taken into consideration. Similarly, an
associated set of financial ratios has also been selected for each sector.
2
Sector-wise list of analyzed financial institutions is provided in appendix at the end of the text.
Life Insurance
Non-Life Insurance
Takaful
2011
1.1 Methodology
Methodology used for analysis is ratio analysis because it is a powerful tool to analyze financial
statements of any company. Ratio analysis measures inter-relationship between various items of the
financial statements. Ratios are taken as guide lines for these are useful in evaluating a companys
financial position and operation and making comparison with results in previous years or with others
in the same industry. The primary objective of ratio analysis is to point out areas requiring further
investigation. Ratios are calculated from the following financial statements and relevant notes to
accounts.
Balance Sheet
Profit and Loss Account
Statement of Changes in Equity
Cash Flow Statement
Total equity is computed as the sum of ordinary share capital plus reserve & surplus plus unappropriated profit/loss while the revaluation, intangible assets etc. are clubbed together in others of
total equity section. For foreign banks, the ordinary share capital is replaced by head office capital
account. Since the financial sector comprises variety of financial institutions having peculiar business
activities, therefore, variables used for analysis would be different for each sector.
2011
1.2 Concepts and Definitions

Banks and Development Finance Institutions (DFIs)
Following variables are used for analysis of banks & DFIs:
Shareholders Equity
The sum of following items except others is considered for analysis:
Ordinary Share Capital or Head Office Account (in case of foreign bank)
Reserves
Un-appropriated Profit/Loss
Others
Liabilities
Bills Payables, borrowings and deposits being the major items contributing towards
liabilities of banks and DFIs are taken for analysis, the remaining heads of liabilities are
pooled under others:
Bills Payables
Borrowing from Financial Institutions
Deposits and Other Accounts
Others
Assets
The following items are included in the analysis. The relevant information is taken from
balance sheet as well as respective notes to accounts.
Cash and Balances with Treasury Banks

Balances with Other Banks
Lending to Financial Institutions
Investment
Gross Advances
Advances Non-Performing/Classified
Provision Against Advances
Advances Net of Provision
Fixed Assets
Others

The following items are included for analysis. The relevant figures are obtained from profit
and loss accounts and notes to financial statements.
Interest Earned
Interest Expensed
Non-Interest Income
Non-Interest Expense
2011
Net Interest Income
Administrative Expenses
Provision and Write-offs

Net Interest Income after Provision
Profit/Loss before Tax

Profit/Loss after Tax
Other Items
No. of Ordinary Shares

Outstanding shares at end of the period as shown in balance sheet.
Cash Dividend
The amount of cash dividend is taken as the percentage declared during the
period.
Stock Dividend/Bonus Shares

The number of bonus shares declared is also taken as percentage amount
distributed during the period.
Cash Generated from Operating Activities

The amount is taken from cash flow statement
Commitment and Contingencies

This is an off balance sheet item. The detail is given in notes to accounts and
the sum of all kinds of commitments and contingencies is taken for analysis.
Leasing Companies
Following variables are involved in the analysis of leasing companies:
Shareholders Equity
Shareholders equity includes share capital, reserves and un-appropriated profit/loss. Any
other item(s) mentioned in the balance sheet under shareholders equity is pooled under the
head others.
Liabilities
Borrowings from financial institutions and deposits with financial institutions are the major
items contributing towards liabilities of leasing companies. For analysis, these two items are
taken separately while the remaining items of liabilities are pooled under others
2011
Assets
Assets are classified into current and non-current. Major items of non-current assets are
mentioned below where remaining items of non-current assets are pooled under others
Non-Current Assets
Term Deposit Certificates
Net Finance-Investment
Advances Net
Fixed Assets
Others
Current Assets
Three main items are taken for analysis while the rest are pooled under others
Cash and Balances with Central Bank
Balances with Other Banks
Placement with Other Banks
Others

The amounts reported under the following heads are extracted from profit and loss accounts
along with relevant notes to accounts:
Income from Operating Lease
Administrative Expenses
Income from Investment
Income from Finances
Other Income
Other Items

The number of shares outstanding as on balance sheet date
Cash Dividend
The amount of cash dividend is taken as percentage of the dividend declared during
the period.
2011
Stock Dividend
The number of bonus shares declared is also taken as percentage amount during the
period.

The amount is taken from the cash flow statement.
Investment Banks
Following variables are used in the analysis of investment banks:
Shareholders Equity
The composition and explanation of shareholders equity is same as explained earlier.
Liabilities
The amount of current and non-current liabilities is taken from the balance sheet and the
sum of these two is the same as total liabilities of the company.
Assets
Current assets are classified into cash and bank balances and others while non-current
assets are divided into three heads i.e., long term investment, fixed assets, and others.
Current Assets
Non-Current Assets
Cash and Banks Balances
Long Term Investment
Others
Fixed Assets
Others

The following items are taken for analysis. The relevant figures are taken from profit
and loss account and notes to financial statements.
Gross Revenues
Administrative and Operating Expenses
Operating Profit
2011
Other Items
These include:
Cash Dividend
Stock Dividend
Mutual Funds (Close Ended)

The analysis includes the following variables:
Shareholders Equity
The composition and explanation of shareholders equity is same as explained earlier.
Liabilities
As the financial activities of mutual funds are limited, the composition of liabilities is divided
into two heads as follows:
Payable to Investment Adviser
Others
Assets
The asset base of mutual fund is also not broad, therefore, for analysis it is limited to three
items. These are available in the companys balance sheet and notes to financial statements.
Investment
Others

The following items are taken into consideration for analysis. The relevant figures are
obtained from profit and loss account and notes to financial statements.
Interest Income
Dividend Income
Net Gain on Sale of Investment

Net Unrealized Gain
Income
from
Future
Transactions
Capital Gain
Other Income
Remuneration
to
Management
Co-advisor
Remuneration to Trustees/Custodian
Brokerage, Commission /Fee
Administrative
and
General
Expenses
Other Expenses
2011
Other Items
The information on the following is extracted from the balance sheet and relevant notes to
financial statements:
Cash Dividend
Stock Dividend
Modaraba Companies
Following variables are included in the analysis of modaraba companies:
Certificate Holders Equity

Modaraba company issues certificates instead of shares. Therefore the amount subscribed
through issuing certificates is termed as certificate capital. For analysis, certificate holders
equity is the sum of certificate capital, reserves, and un-appropriated profit/loss. Any other
items under the section of certificate holders equity is pooled under the head of others.
Certificates Capital
Reserves
Others
Liabilities
These include current and non-current liabilities taken from the balance sheet.
Assets
The current and non-current assets and their break up are taken from balance sheet. In case of
current assets the amount of cash and bank balances is taken separately while the remaining
current assets are pooled under others. Similarly, long term investment and fixed assets are
taken individually while the remaining non-current assets are pooled under others.
Current Assets
Non-Current Assets
Others
Fixed Assets
Others
2011

The following items are taken for analysis. The relevant figures are taken from profit and loss
account and notes to financial statements.
Gross Revenues
Modaraba Company Management Fee
Operating Expenses
Operating Profit
Other Items
These include:
No. of certificates outstanding as mentioned in balance sheet.
Cash Dividend
Stock Dividend
Exchange Companies
Following variables are included for analysis of exchange companies:
Shareholders Equity
Share Capital
Reserves
Accumulated Profit/Loss
Others
Liabilities
These include:
Current Liabilities
Non-current Liabilities
Assets
These include:
Current Assets
Non-Current Assets
Others
Fixed Assets
Others
2011

The following items are taken from profit and loss account of the company:
Revenues
Admin and General Expenses
Other Items
The following items are extracted mainly from notes to accounts of the company:
Cash Dividend
Stock Dividend
Housing Finance
Following variables are involved in the analysis of housing finance company:
Shareholders Equity
The total shareholders equity is taken as sum of share capital, reserves, and un-appropriated
profit/loss while other items in the shareholders equity section of balance sheet are pooled
under others.
Share Capital
Reserves
Un-appropriated profit/Loss
Others
Liabilities
These include current and non-current liabilities, the amounts of lease finance and long-term
finance are extracted from non-current liabilities section while the remaining items of noncurrent liabilities are pooled under others.
Current liabilities
Noncurrent liabilities
10
Lease Finance
Long Term Finance
Others
2011
Assets
The following items of current and non-current assets are taken for analysis:
Current Assets
Non-Current Assets
Investment in Housing Finance
Others
Fixed Assets
Others
Profit and Loss account

The items included in the analysis are:
Revenue
Admin. and Operating Expenses
Other Expenses
Profit before Tax
Profit after Tax
Other Items
These include:
Cash Dividend
Stock Dividend
11
2011
Venture Capital
Following variables are included in the analysis of venture capital:
Shareholders Equity
The shareholders equity is the sum of share capital, reserve and un-appropriated profit/loss,
while the remaining items are pooled under others.
Share Capital
Reserves
Un Appropriated Profit/Loss
Others
Liabilities
These include current and non-current liabilities.
Current Liabilities
Non-Current Liabilities
Assets
The current and non-current assets include.
Current Assets
Non-Current Assets
Cash and Bank Balances
Investment
Investment
Venture Investment
Others
Fixed Assets
Others

The following items are included in the analysis.
Income
Admin. and Operating Expense
Operating Profit
Profit/Loss Before Taxation
Profit/Loss After Taxation
12
Other Items
These include:
Cash Dividend
Stock Dividend
Insurance Companies
Following variables are involved in the analysis of Insurance Companies:
Shareholders Equity
These include:
Share Capital
Reserves
Others
Liabilities
These include:
Balance in the Statutory Fund
Outstanding Claims, Premiums Received in Advance, Amount

Due to Other Insurers
Other Liabilities
Assets
These include:
Cash and Balances with Banks
13
Advances
2011
Deposit with Banks
Investment
in
Govt.
2011
Loan to Employees
and
Others
Other Assets
Securities
Investment in Securities and Properties

These include:
Interest/Investment Income
Net Claims
Net Premium
Underwriting Profit
Gross Premium
Profit before Tax
Gross Claims
Profit after Tax
Other Items
These include:
Cash Dividend
Stock Dividend
1.3 Performance Indicators

Pakistans financial sector is an integration of institutions of diversified nature including Banks DFIs,
Leasing Companies, Modaraba Companies, Insurance Companies, Investment Banks, etc. Therefore,
ratios used to analyze these sectors may be different in some cases as different sectors have peculiar
business activities but some ratios are common to all sectors. Some important ratios and their
explanations are given below which may be read in combination with the analysis sheet of each sector
separately.
Efficiency/Profitability Ratio
Spread Ratio
=
14
2011
Spread is the gap between interest rate a bank charges on loans and rate pays on deposits. The amount
of total interest earned divided by the total interest paid to depositors as mentioned in the income
statement. This ratio is useful for Banks and DFIs.
Net Interest Margin Ratio

=
*100
This ratio indicates the earning capacity through core banking business by utilizing all assets. Banks
normally borrow from savers and lend to investors. It is the ratio between the difference of interest
income and interest expense to total assets. It is also useful for Banks and DFIs.
Return on Assets (ROA)
This ratio expresses the capacity of earning profit by a bank on its total assets employed in the
business. It is calculated as percentage of net profit after tax to total assets. It is useful for whole
financial sector.
Return on Equity (ROE)

*100
Total Shareholders Equity (Pakistani Banks) = Share Capital + Reserves + Un-appropriated Profit
(Loss)
Total Shareholders Equity (Foreign Banks) =H.O Capital Account + Reserves +Unremitted Profit
This ratio expresses the return on shareholders equity. ROE is a direct measure of returns to the
shareholders. It is calculated as a percentage of the net profit after tax to total Shareholders equity. It
is also useful for whole financial sector.
Non-Interest Income to Total Assets Ratio
Ratio on incomes earned other than mark-up e.g. capital gains, commission, fee to total assets etc. This
ratio expresses how much income is earned other than mark-up through other functions of the bank by
employing total assets. It is useful for Banks and DFIs.
15
2011
Interest Ratio
This ratio expresses the payment of interest mainly to depositors. The lower the ratio, the less the
company is burdened by debt expenses. It is useful for Banks and DFIs.
Administrative Expenses to Profit before Tax
This ratio expresses the relationship between administrative expenses and profit before tax. Its purpose
is to evaluate the overhead structure of a financial institution and calculate the administrative expenses
as a percentage of profit before tax. It is useful for whole financial sector.
Net Interest Income after Provision to Total Assets
This is the ratio between interests earned less provision to total assets. It is useful for Banks and DFIs.
Non-Interest Expenses to Total Income
The ratio expresses the percentage of non-interest expenses to total income which reflects efficiency of
management in applying the banks resources. It is useful for Banks and DFIs.
Administrative Expenses to Non-Interest Income
This ratio expresses total administrative expenses to non-interest income. It gives percentage of
administrative expenses incurred in earning non-interest income. It is useful for Banks and DFIs.
Earnings per Share (EPS)
16
2011
EPS is the ratio between net profit after tax to number of shares outstanding at the end of the year as
shown in balance sheet and its relevant notes to accounts. It is useful for whole financial sector except
for Modaraba Companies where certificates are issued for raising capital.
Return on Capital Employed (ROCE)
ROCE is a ratio that indicates the efficiency and profitability of a companys capital investments. The
amount of capital employed is calculated by subtracting current liabilities from total assets. It is useful
for whole financial sector except for banks, DFIs, Insurance, mutual fund.
Return on Revenue (ROR)
This is a measure of a companys profitability, calculated as net income divided by revenue. This ratio
is useful for Leasing Company, Mutual Fund, etc.
Lease Ratio
The core function of a leasing company is to earn profit from operating and financial lease. This ratio
expresses how much portion of total income is being generated through its core business. It is useful
for leasing company.
Operating Expense Ratio

*100
It is a measure of operating efficiency i.e., how well the management controls its expenses. Operating
expense ratio can be used to gauge the general health of the core or other businesses. It is useful for
Modaraba and Investment Banks.
Gain Ratio
A total gain comprises gain on sales of securities, gain on re-measurement, gain on disposal of longterm investment, etc. It is useful for Mutual Fund.
17
2011
Trading Income Ratio
The core business of mutual fund is to gain from trading of shares and securities and the higher ratio
reflects that funds are being efficiently managed. Both figures are taken from the income statement. It
is useful for Mutual Fund.
Modaraba Management Fees to Operating Profit

*100
This shows cost of management as a percentage of operating profit. The percentage of total fund used
to cover expenses associated to Modaraba management fees. It is useful for Modaraba Companies.
Management Expenses Ratio
For mutual funds management expenses ratio is calculated by dividing remuneration to adviser by
total expenses.
Net Investment in Finance Lease to Total Assets
This ratio expresses the relationship of net investment in finance lease to total assets. This ratio is
useful for leasing companies.
Earning per Certificate
The ratio between profits after tax to number of certificates is an important efficiency ratio because it
reflects how much amount is earned on each certificate. It is useful for Modaraba Companies.
Claims incurred to Net Premium Ratio

*100
18
2011
This expresses the efficiency of insurance company and is calculated as the claim incurred on net
premium. Higher ratio indicates that the incurrence of claims is more than premium. It is useful for
insurance companies.
Underwriting profit to Net profit
The ratio shows the percentage of underwriting profit as of net profit. Underwriting profit is net of
underwriting income and expenses of the cost of obtaining new policies. This ratio is useful for
insurance companies.
Investment Income to Net Premium
The ratio shows the relationship between investment income and net premium. This is one of the ratios
used to measure efficiency of an insurance company.
Liquidity Ratios
Cash and Balances with Banks to Total Assets
This ratio expresses the percentage of total assets available in the form of highly liquid assets.
Total Deposit and other Accounts to Total assets
The ratio shows what percentage of total assets comprises total deposits and other accounts.
Investment and Total Assets
The ratio between Investment and total assets shows investment activity with reference to its total
assets. It indicates the portion of total assets used for investment in various venues. This ratio is useful
for banks, DFIs and insurance companies.
19
2011
Advances and Total Assets
This ratio expresses the relationship of advances (net) to total assets. This ratio is useful for banks and
DFIs.
Total Liabilities to Total Assets
The ratio shows the proportion of banks assets, which are financed through debt. This ratio is useful
for banks and DFIs.
Gross Advances to Deposits

*100
The ratio expresses the percentage of gross advances to deposits and expresses the utilization of
deposits in the core business of a bank, i.e., intermediation. This ratio is useful for banks and DFIs.
Gross advances to Borrowing and Deposits
The ratio expresses the percentage of gross advances to deposits and borrowings. This ratio shows
activity of a banking business as it reflects that advances are being made more/less than deposits. This
ratio is useful for banks and DFIs.
Current Ratio
This ratio shows how many times current assets cover current liabilities and the strength of the
company to pay immediate liabilities. This ratio is used for whole financial sector except for banks
and DFIs.
Long Term Investment to Total Assets
The ratio between long-term investments to total assets shows investment activity with reference to its
total assets. It indicates the portion of total assets used to invest in different venues.
20
2011
Assets Quality Ratios

Non-Performing Loans (NPLs) to Gross Advances
This ratio expresses the quality of loan portfolio of a bank. It shows the percentage of NPLs as gross
advances made by a bank and evaluates assets quality based on loan portfolio. This ratio is useful for
banks and DFIs.
Provision against NPLs and Gross Advances
The ratio between provisions against classified loans/advances to gross advances reflects the quality of
advances of banks and DFIs.
NPLs to Equity Ratio
Where,
Total Shareholders Equity (Pakistani Banks) = Share Capital + Reserves + Un-appropriated Profit (Loss)
Total Shareholders Equity (Foreign Banks) =H.O Capital Account + Reserves +Unremitted Profit
The ratio between NPLs to shareholders equity indicates the exposure of the common shareholders to
NPLs. This ratio is useful for banks and DFIs.
NPLs write-off to NPLs Provision Ratio
This ratio is calculated for banks and DFIs.
NPLs Provision to NPLs Ratio
The ratio reflects what percentage of provision has been made against NPLs. This ratio is useful for
Banks and DFIs.
21
2011
Capital/Leverage Ratios
Capital Ratio
Where,
Total Shareholders Equity (Pakistani Banks) = Share Capital + Reserves + Un-appropriated Profit
(Loss)
Total Shareholders Equity (Foreign Banks) =H.O Capital Account + Reserves +Unremitted Profit.
The ratio between shareholders equity and total assets expresses the percentage of equity in total
assets.
Contingent Liabilities and Commitment to Shareholders Equity

*100
The ratio between contingent liabilities and commitments to shareholders equity expresses exposure
of contingent liabilities and commitments by banks.
Break-Up Value per Share
Break-up Value is net worth per share and is an important criterion to measure financial soundness of
a company. The break-up value is calculated for whole financial sector except in case of foreign banks
and Modaraba Companies.
Deposits to Equity Ratio
The ratio shows the relationship between total deposits in a bank to the total shareholders equity.
Break-up Value per Certificate
Break-up value is net worth per certificate and is one of the important criteria to measure the financial
soundness of a company. This ratio is calculated for Modaraba Companies only.
Capital Ratio (Modaraba Company)
22
2011
The ratio expresses the percentage of equity in total assets. It is calculated for Modaraba Companies
only.
Cash Flow Ratios

Cash Flow to Profit after Tax
=
The ratio expresses proportions of cash being spun off from ongoing operations. This ratio is useful
for the whole financial sector.
Cash flow to Current Liabilities Ratio
The ratio reflects cash generation strength of a company to meet current liabilities. This ratio is
calculated for all sectors except investment banks, insurance companies, banks, DFIs and mutual
funds.
23
Review and Financial Analysis
2011
2011
BANKS
PERFORMANCE AT A GLANCE
The balance sheet size of the banking sector expanded in CY11 and total assets of the sector grew
from Rs. 7.2 trillion in CY10 to Rs. 8.3 trillion in CY11, showing an increase of 15.4 percent. Profit
before tax increased by 49.1 percent in CY11 over the previous year.
Components of Balance Sheet
ANALYSIS OF SHAREHOLDERS
EQUITY
witnessed an increase of Rs. 168
billion or 28 percent in CY11 over
Billion Rs.
Total equity of banking sector
CY10. The growth in total equity of

foreign banks was also positive
during CY11 and witnessed an
increase of 23 percent over previous
year.
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
30%
25%
20%
15%
10%
5%
0%
Total SHE
Total
Liabilities
Total Assets
CY 10
611
6,490
7,189
CY 11
779
7,486
8,295
Growth(%)
28%
15%
15%
ANALYSIS OF LIABILITIES
Share of Deposits in Total Liabilities
Total deposits rose to Rs 6.3 trillion

in CY11 as compared to Rs 5.5
trillion
increase
in
CY10,
of
14.7
showing
percent.
an
The
deposits have a share of around 85

percent in total liabilities in CY11,
while the remaining components of
liabilities
i.e.,
bills
payables,
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Others
84.96%
84.46%
Deposits
Borrowings &
Bills payble
CY 10
borrowings, etc., have approximately

15 percent share of total liabilities.
24
CY 11
2011
ANALYSIS OF ASSETS
Total assets of the banking sector
Major Components of Assets
increased from Rs 7.2 trillion in
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
registering an increase of 15.4

percent. Investment grew by 42
percent
while
gross
Billion Rs.
CY10 to Rs 8.3 trillion in CY11,
advances
increased by 1 percent in CY11.

Lending to financial institutions
42%
15%
1%
-3%
Cash &
Cash Equl.
Lending
Investmen
t
Advances
decreased by Rs 6.7 billion or 3.1
CY 10
776
215
2,171
3,780
percent in CY11 over CY10. In
CY 11
896
208
3,081
3,817
Growth(%)
15%
-3%
42%
1%
case of Pakistani banks, the amount
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
-5%
-10%
of lending increased by 6.4 percent

in CY11, however in case of
Analysis of Advances
foreign banks, it declined by 49.7%

in CY11.
trillion in
CY11,
showing an
increase of 1 percent over CY10.

Non-performing
loans
(NPLs)
increased to Rs 573 billion in CY11
Billion Rs.
Banks advances increased to Rs 3.8
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
7%
2%
1%
0%
Adv.
Gross
NPL
Provision
Adv. Net
compared to Rs 562 billion in
CY 10
3,780
562
373
3,407
CY10. NPLs to advances ratio
CY 11
3,817
573
399
3,417
1%
2%
7%
0%
increased to 10.5 percent in CY11
Growth(%)
8%
7%
6%
5%
4%
3%
2%
1%
0%
as compared to 9.8 percent in CY10. NPLs to total equity decreased to 73.6 percent in CY11 while it
was 92.1 percent in CY10. Further, NPLs provision to NPLs increased to 69.7 percent in CY11 from
66.3 percent in CY10.
25
2011
PROFITABILITY AND O PERATING EFFICIENCY

[
In terms of profitability of banking
CY 11
CY 10
sector, CY11 witnessed an increase

400.0
before tax to Rs169.7 billion during

CY11 compared to Rs 113.8 billion
in CY10. Profit after tax increased
Billion Rs.
of around 49.1 percent in profit
169.7
200.0
112.7
113.8
71.2
0.0
Profit Before
Taxation
from Rs 71.2 billion in CY10 to Rs
Profit After
Taxation
112.7 billion in CY11, showing an

increase of 58.3 percent.
Looking at the efficiency, the return
CY 10
on assets (ROA) and return on

equity (ROE) both increased during
53.2%
60.0%
percent in CY10 to 14.5 percent in
40.0%
1.0 percent in CY10 to 1.4 percent
Growth
CY11. ROE increased from 11.7

CY11 while ROA increased from
CY 11
45.6%
14.5%
1.4%
11.7%
20.0%
1.0%
0.0%
in CY11. Spread ratio of banking
Spread Ratio
ROE
CY 11
CY 10
ROA
sector increased to 53.2 percent in

CY11 from 45.6 percent in CY10.
On the income side, interest/mark-up income during CY11 was Rs 649.8 billion as compared to Rs
630.6 billion in CY10 witnessing an
Interest Income
increase of Rs 19 billion or 3
over
CY10.
Non-
interest/non-markup income also

increased from Rs
105.5 billion
during CY10 to Rs 111.1 billion

during CY11, depicting an increase
of 5.3 percent over CY10. Interest
income
to
total
85.7%
100.0%
85.4%
80.0%
Billion Rs.
percent
Non-Interest Income
60.0%
40.0%
14.3%
20.0%
14.6%
0.0%
CY 10
income
CY 11
decreased to 85.4 percent in CY11 as compared to 85.7 percent in CY10. Non-interest income
increased from 14.3 percent in CY10 to 14.6 percent in CY11.
26
All Banks - Overall

Items
A.Total equity (A1 to A3)
1.Share capital/head office capital account
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
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
435,990,804
231,530,188
118,940,698
85,519,918
108,613,011
4,626,769,389
82,075,093
452,050,150
3,854,364,311
238,279,835
5,171,373,204
469,267,797
147,510,726
190,577,446
1,275,225,750
2,842,331,732
204,625,366
159,434,804
2,682,896,928
168,544,767
237,349,790
505,469,823
277,045,918
148,257,246
80,166,659
62,957,129
5,074,573,572
69,530,488
460,028,229
4,226,432,569
318,582,286
5,643,000,524
477,615,770
184,087,341
188,414,080
1,085,196,330
3,417,406,346
313,020,509
237,965,887
3,179,440,459
191,279,879
336,966,665
582,598,286
322,555,374
163,552,147
96,490,765
84,003,150
5,864,049,257
71,535,885
659,274,039
4,797,876,214
335,363,119
6,530,650,693
537,292,488
195,972,436
238,445,016
1,708,679,933
3,564,239,824
425,320,610
304,669,387
3,259,570,437
192,043,955
398,646,428
610,649,234
348,918,576
180,833,697
80,896,961
88,490,784
6,489,714,495
75,421,757
550,000,562
5,513,826,158
350,466,018
7,188,854,513
595,747,312
180,579,242
214,680,843
2,171,288,430
3,779,635,789
562,428,103
372,648,121
3,406,987,668
203,638,519
415,932,499
778,832,788
452,485,661
189,042,759
137,304,368
30,545,204
7,485,707,062
85,260,553
682,357,699
6,322,197,404
395,891,406
8,295,085,054
702,543,356
193,129,000
207,938,045
3,080,510,473
3,816,668,337
572,907,695
399,438,060
3,417,230,277
217,209,736
476,524,167
383,579,497
183,686,714
199,892,786
61,165,329
141,321,995
92,849,866
125,859,144
123,286,772
107,153,118
77,935,097
482,070,799
246,295,314
235,775,485
104,266,763
130,344,598
103,289,492
166,010,509
160,702,985
63,261,197
43,415,974
593,703,103
326,058,617
276,157,706
113,917,187
162,212,990
106,091,369
190,059,825
182,414,959
69,304,886
48,198,550
630,569,606
337,719,590
287,472,434
78,361,932
212,455,704
105,468,634
207,934,611
201,053,704
113,795,360
71,158,233
649,831,706
404,285,777
345,569,612
60,819,829
297,336,503
111,109,122
229,862,158
227,574,365
169,664,520
112,718,176
418,781,554
3,205,635,962
1,849,272
2,565,591,273
604,337,114
3,078,623,557
502,982,911
3,121,226,583
1,007,041,199
3,728,294,254
D.Profit & loss account

1.Markup/interest earned
2.Markup/interest expenses
3.Net markup/interest income
4.Provisions and write-offs
5.Net markup/interest income after provisions
6.Non-markup/interest income
7.Non-markup/interest expenses
8.Administrative expenses
9.Profit/(loss) before taxation
10.Profit/(loss) after taxation
E.Other items
1.Cash generated from operating activities
2.Commitments and contigencies
F.Efficiency ratios/profitability ratios

1.Spread ratio (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 provisions) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expesne to profit before tax. (D8/D9)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income(D8/D6)(times)
52.11%
3.87%
17.88%
1.51%
1.80%
2.73%
47.89%
1.15
26.42%
1.33
48.91%
4.18%
8.59%
0.77%
1.83%
2.31%
51.09%
2.54
28.36%
1.56
46.51%
4.10%
8.27%
0.74%
1.62%
2.48%
54.92%
2.63
27.16%
1.72
45.59%
4.07%
11.65%
0.99%
1.47%
2.96%
53.56%
1.77
28.25%
1.91
53.18%
2.96%
14.47%
1.36%
1.34%
3.58%
62.21%
1.34
30.21%
2.05
11.93%
24.66%
51.88%
74.53%
89.47%
73.74%
66.00%
11.73%
19.23%
56.34%
74.90%
89.93%
80.86%
72.92%
11.23%
26.16%
49.91%
73.47%
89.79%
74.29%
65.31%
10.80%
30.20%
47.39%
76.70%
90.27%
68.55%
62.33%
10.80%
37.14%
41.20%
76.22%
90.24%
60.37%
54.49%
7.20%
5.61%
46.93%
38.36%
77.92%
9.16%
6.96%
61.93%
43.82%
76.02%
11.93%
8.55%
73.00%
37.39%
71.63%
14.88%
9.86%
92.10%
21.03%
66.26%
15.01%
10.47%
73.56%
15.23%
69.72%
8.43%
7.35
8.84
8.96%
5.08
8.36
8.92%
5.28
8.24
8.49%
5.11
9.03
9.39%
4.79
8.12
5.37
0.04
12.54
7.07
8.93
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provisions to total assets (C8/C)
4.Deposits to total assets (B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposits (C5/B3)
7.Gross advances to borrowing & deposits C5/(B2+B3)
H.Assets quality ratios

1.Non-performing loans to gross advances (C6/C5)
2.Provision against NPLs to gross advances (C7/C5)
3.NPLs to total equity (C6/A)
4.NPLs write off to NPLs provision (D4/C7)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios

1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E2/A) (times)
3.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio

1.Cash generated from operating activities to profit after tax (E1/D10) (times)
27
Local Banks - Overall

Items
1.Share capital
2.Reserves
4.Others
B.Total liabilities(B1 to B4)

1.Bills payable

4.Investments
5.Gross advances
8.Advances net of provision (C5-C7)
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
416,570,840
214,444,697
118,940,698
83,185,445
108,672,209
4,473,437,078
78,328,193
432,584,922
3,737,263,105
225,260,858
4,998,680,127
445,344,022
142,213,130
174,168,615
1,248,798,605
2,751,665,342
203,448,143
157,223,346
2,594,441,996
166,577,174
227,136,585
470,965,547
244,915,598
148,181,461
77,868,488
63,489,982
4,873,983,320
65,107,084
442,681,300
4,078,494,404
287,700,532
5,408,438,849
442,680,478
165,718,117
158,500,096
1,062,603,406
3,312,965,635
309,884,247
235,446,658
3,077,518,977
187,582,375
313,835,400
546,749,512
287,671,156
163,459,432
95,618,924
84,112,627
5,658,751,947
67,938,226
642,543,459
4,636,939,784
311,330,478
6,289,614,086
502,499,262
179,702,590
206,327,062
1,656,307,323
3,469,125,954
418,929,619
299,881,001
3,169,244,953
188,454,465
387,078,431
575,850,581
314,927,769
180,708,124
80,214,688
88,781,586
6,290,968,977
69,858,475
534,575,425
5,357,495,365
329,039,712
6,955,601,144
562,952,771
176,507,499
178,200,677
2,091,478,733
3,708,140,800
553,335,344
366,781,129
3,341,359,671
201,415,400
403,686,393
736,145,954
413,765,908
188,893,473
133,486,573
30,702,014
7,272,962,102
81,275,225
660,893,348
6,154,326,577
376,466,952
8,039,810,070
664,067,113
188,700,362
189,583,974
2,967,129,069
3,743,452,773
565,307,173
392,634,151
3,350,818,622
215,033,249
464,477,681
368,333,275
175,541,831
192,791,447
58,426,217
136,959,768
87,927,505
119,082,194
117,431,866
104,645,480
76,175,349
463,838,210
237,196,646
226,641,564
99,698,545
125,735,437
97,517,397
155,635,765
150,384,735
63,254,685
42,765,351
571,440,077
313,861,482
266,091,815
109,190,178
156,872,452
100,482,691
178,005,794
170,516,859
70,155,458
49,007,928
610,157,558
332,625,929
277,581,629
75,740,441
205,142,052
100,630,451
198,397,770
191,692,767
111,748,712
70,198,522
625,803,993
392,102,677
333,724,999
59,473,036
286,796,495
106,557,701
220,132,012
217,940,592
164,064,098
109,057,518
21,413,538
24,452,483
28,727,998
31,439,491
41,323,258

2.Markup/interest expensed
E.Other items
1.No. of ordinary shares
2.Cash dividend
3.Stock dividend/bonus shares
N/A
N/A
419,615,976
2,692,648,071
N/A
N/A
(30,881,293)
2,165,108,445
N/A
N/A
577,721,142
2,689,531,535
N/A
N/A
490,297,865
2,675,985,776
N/A
N/A
978,817,338
3,271,877,496
52.34%
3.86%
0.18
1.52%
1.76%
2.74%
47.66%
1.12
26.10%
1.34
3.56
48.86%
4.19%
0.09
0.79%
1.80%
2.32%
51.14%
2.38
27.72%
1.54
1.75
46.57%
4.10%
0.09
0.78%
1.60%
2.49%
54.92%
2.43
26.49%
1.70
1.71
45.49%
3.99%
0.12
1.01%
1.45%
2.95%
54.51%
1.72
27.91%
1.90
2.23
53.33%
2.91%
0.15
1.36%
1.33%
3.57%
62.66%
1.33
30.06%
2.05
2.64
11.75%
24.98%
51.90%
74.76%
89.49%
73.63%
65.99%
11.25%
19.65%
56.90%
75.41%
90.12%
81.23%
73.28%
10.85%
26.33%
50.39%
73.72%
89.97%
74.81%
65.71%
10.63%
30.07%
48.04%
77.02%
90.44%
69.21%
62.93%
10.61%
36.91%
41.68%
76.55%
90.46%
60.83%
54.93%
7.39%
7.44%
48.84%
37.16%
77.28%
9.35%
7.11%
65.80%
42.34%
75.98%
12.08%
8.64%
76.62%
36.41%
71.58%
14.92%
9.89%
96.09%
20.65%
66.29%
15.10%
10.49%
76.79%
15.15%
69.46%
8.33%
6.46
19.45
8.97
8.71%
4.60
19.26
8.66
8.69%
4.92
19.03
8.48
8.28%
4.65
18.32
9.30
9.16%
4.44
17.81
8.36
5.51
-0.72
11.79
6.98
8.98

6.Net markup/interest income(after prov.) to total assets(D5/C)
8.Admin. expense to profit before tax. (D8/D9) (times)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
G.Liquidity ratios

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)
4.NPLs write off to NPLs provisions (D4/C7)

3.Break up value per share (A/E1)
J.Cash flow ratio

1.Cash generated from opration activities to profit after tax (E4/D10) (times)
28
Public Sector Banks - Overall

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
90,977,453
16,671,332
24,729,769
49,576,352
51,320,469
893,595,159
8,541,822
30,071,917
812,969,640
42,011,780
1,035,893,081
111,258,061
43,513,302
28,017,600
296,355,059
526,923,813
44,053,993
39,203,981
487,719,832
29,537,449
39,491,778
93,237,138
18,544,359
29,033,178
45,659,601
18,749,454
930,323,564
11,663,371
53,675,530
819,683,051
45,301,612
1,042,310,156
119,322,457
44,286,770
20,394,708
204,784,000
629,389,241
102,628,919
68,723,074
560,666,167
28,051,915
64,804,139
107,010,826
21,339,327
31,486,173
54,185,326
24,580,515
1,049,639,678
12,159,963
62,285,275
926,628,132
48,566,308
1,181,231,019
129,608,813
33,955,399
23,263,730
262,331,351
702,632,358
118,528,163
80,452,578
622,179,780
29,890,350
80,001,596
105,265,258
24,030,254
27,923,238
53,311,766
40,149,918
1,185,232,528
8,970,578
35,045,634
1,087,487,521
53,728,795
1,330,647,704
135,642,657
36,122,514
33,849,174
380,720,883
718,055,264
168,813,094
93,825,342
624,229,922
32,465,159
87,617,395
127,855,842
41,414,299
29,278,867
57,162,676
41,347,659
1,397,449,415
10,375,239
74,790,720
1,248,192,841
64,090,615
1,566,652,916
153,973,921
34,009,639
66,120,024
479,516,725
788,464,677
166,430,443
96,999,775
691,464,902
33,839,457
107,728,248
71,174,301
32,896,942
38,277,359
7,287,953
30,989,906
19,795,675
17,563,511
17,311,928
33,235,659
23,856,716
82,390,735
42,609,185
39,781,550
30,489,527
9,292,023
21,028,786
23,756,378
21,993,798
6,564,431
5,642,453
100,164,255
59,860,679
40,303,576
32,491,627
7,811,949
23,742,739
28,073,776
26,787,981
3,480,912
6,672,253
112,480,667
67,660,293
44,820,374
13,736,092
31,729,814
20,153,147
32,695,068
31,644,453
31,592,317
22,372,156
128,941,668
77,559,526
51,382,142
12,227,283
44,341,083
22,950,040
32,233,064
37,303,271
29,411,229
19,884,505
1,667,133
1,854,436
2,133,932
2,403,025
4,141,430

E.Other items
2.Cash dividend
N/A
N/A
117,131,331
453,678,543
N/A
N/A
(45,155,885)
294,175,142
N/A
N/A
974,839
290,828,179
N/A
N/A
126,587,260
453,490,628
N/A
N/A
107,145,797
598,692,115
53.78%
3.70%
0.26
2.30%
1.91%
2.99%
46.22%
0.52
19.31%
0.87
14.31
48.28%
3.82%
0.06
0.54%
2.02%
0.89%
51.72%
3.35
22.97%
1.05
3.04
40.24%
3.41%
0.06
0.56%
2.01%
0.66%
59.76%
7.70
22.66%
1.13
3.13
39.85%
3.37%
0.21
1.68%
1.51%
2.38%
60.15%
1.00
24.65%
1.57
9.31
39.85%
3.28%
0.16
1.27%
1.46%
2.83%
60.15%
1.27
21.22%
1.63
4.80
14.94%
28.61%
47.08%
78.48%
86.26%
64.81%
62.50%
15.70%
19.65%
53.79%
78.64%
89.26%
76.78%
72.07%
13.85%
22.21%
52.67%
78.45%
88.86%
75.83%
71.05%
12.91%
28.61%
46.91%
81.73%
89.07%
66.03%
63.97%
12.00%
30.61%
44.14%
79.67%
89.20%
63.17%
59.60%
8.36%
4.49%
48.42%
18.59%
88.99%
16.31%
10.92%
110.07%
44.37%
66.96%
16.87%
11.45%
110.76%
40.39%
67.88%
23.51%
13.07%
160.37%
14.64%
55.58%
21.11%
12.30%
130.17%
12.61%
58.28%
8.78%
4.99
54.57
8.94
8.95%
3.16
50.28
8.79
9.06%
2.72
50.15
8.66
7.91%
4.31
43.81
10.33
8.16%
4.68
30.87
9.76
4.91
-8.00
0.15
5.66
5.39

G.Liquidity ratios



J.Cash flow ratio

29
FIRST WOMEN BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,028,116
283,650
207,336
537,130
60,128
7,897,332
193,321
21,543
7,682,468
0
8,985,576
809,657
384,792
1,245,000
3,159,640
3,129,582
85,282
66,075
3,063,507
148,686
174,294
1,135,800
283,650
228,540
623,610
(32,767)
6,200,688
101,993
27,140
5,939,308
132,247
7,303,721
575,929
400,761
350,849
2,264,088
3,409,842
105,512
105,512
3,304,330
174,833
232,931
1,058,318
283,650
228,540
546,128
35,049
9,164,693
89,020
31,328
8,756,793
287,552
10,258,060
713,140
586,849
1,136,025
4,097,423
3,481,854
207,633
207,633
3,274,221
203,972
246,430
1,084,517
283,650
233,282
567,585
21,504
11,597,139
102,182
966,885
10,195,214
332,858
12,703,160
836,311
600,228
926,323
3,430,251
6,535,694
430,232
227,554
6,308,140
188,248
413,659
1,645,428
1,080,038
284,991
280,399
74,136
14,408,971
96,417
51,100
13,814,854
446,600
16,128,535
973,701
561,555
1,605,946
4,730,434
7,901,127
523,443
200,064
7,701,063
229,344
326,492
685,346
171,694
513,652
18,065
495,587
82,485
339,650
332,517
238,422
157,887
736,103
212,601
523,502
50,153
473,349
90,343
373,249
367,798
190,443
106,020
896,476
408,000
488,476
179,549
308,927
66,879
462,060
451,930
(86,254)
(80,101)
1,374,548
763,841
610,707
76,899
533,808
57,141
536,272
533,679
54,677
23,711
1,918,759
1,176,451
742,308
5,475
747,783
253,719
601,399
600,986
400,103
258,547
28,365
0.00%
0.00%
214,391
198,418
28,365
0.00%
0.00%
(930,303)
202,048
28,365
0.00%
0.00%
2,108,232
226,087
28,365
0.00%
0.00%
(521,807)
201,272
108,004
0.00%
0.00%
1,070,465
297,230
74.95%
5.72%
0.15
1.76%
0.92%
5.52%
25.05%
1.39
44.23%
4.03
5.57
71.12%
7.17%
0.09
1.45%
1.24%
6.48%
28.88%
1.93
45.16%
4.07
3.74
54.49%
4.76%
-0.08
-0.78%
0.65%
3.01%
45.51%
-5.24
47.96%
6.76
-2.82
44.43%
4.81%
0.02
0.19%
0.45%
4.20%
55.57%
9.76
37.46%
9.34
0.84
38.69%
4.60%
0.16
1.60%
1.57%
4.64%
61.31%
1.50
27.68%
2.37
2.39
13.29%
35.16%
34.09%
85.50%
87.89%
40.74%
40.62%
13.37%
31.00%
45.24%
81.32%
84.90%
57.41%
57.15%
12.67%
39.94%
31.92%
85.37%
89.34%
39.76%
39.62%
11.31%
27.00%
49.66%
80.26%
91.29%
64.11%
58.55%
9.52%
29.33%
47.75%
85.65%
89.34%
57.19%
56.98%
2.73%
3.09%
5.96%
8.29%
27.34%
77.48%
9.29%
47.53%
100.00%
19.62%
86.47%
100.00%
6.58%
3.48%
39.67%
33.79%
52.89%
6.62%
2.53%
31.81%
2.74%
38.22%
11.44%
0.19
36.25
7.47
15.55%
0.18
40.04
5.23
10.32%
0.21
37.31
8.27
8.54%
0.19
38.23
9.40
10.20%
0.18
15.23
8.40
1.36
-8.77
-26.32
-22.01

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

30
4.14
NATIONAL BANK OF PAKISTAN

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
69,270,631
8,154,319
15,772,124
45,344,188
47,067,023
645,855,939
7,061,902
10,886,063
591,907,435
36,000,539
762,193,593
94,873,249
37,472,832
21,464,600
210,787,868
375,090,202
38,317,552
34,413,102
340,677,100
25,922,979
30,994,965
81,367,002
8,969,751
19,941,047
52,456,204
21,092,216
715,299,108
10,219,061
40,458,926
624,939,016
39,682,105
817,758,326
106,503,756
38,344,608
17,128,032
170,822,491
457,828,029
56,502,583
44,841,164
412,986,865
24,217,655
47,754,919
95,855,355
10,763,702
23,395,059
61,696,594
24,937,197
825,460,717
10,621,169
44,828,138
727,513,013
42,498,397
946,253,269
116,668,514
28,786,397
19,683,526
217,596,037
531,103,507
71,174,034
55,765,068
475,338,439
25,200,870
62,979,486
105,687,665
13,454,629
25,129,425
67,103,611
25,611,167
906,719,635
8,006,631
19,657,207
832,134,054
46,921,743
1,038,018,467
115,657,025
30,743,368
23,051,171
301,078,498
540,130,378
86,871,353
61,243,623
478,886,755
27,620,697
60,980,953
112,736,906
16,818,286
26,206,507
69,712,113
23,057,503
1,017,685,691
9,104,710
26,371,675
927,415,132
54,794,174
1,153,480,100
131,843,291
28,069,897
44,360,727
319,527,254
594,588,647
88,324,597
67,479,438
527,109,209
28,126,754
74,442,968
50,569,481
16,940,011
33,629,470
4,722,735
28,906,735
13,544,845
14,391,079
14,205,911
28,060,501
19,033,773
60,942,798
23,884,768
37,058,030
10,970,814
26,087,216
16,415,862
19,502,080
18,171,198
23,000,998
15,458,590
78,124,796
40,448,291
37,676,505
11,820,292
25,856,213
19,109,332
23,766,703
22,816,665
21,198,842
17,449,042
88,681,381
45,169,744
43,511,637
10,009,482
33,502,155
18,150,883
27,030,751
26,732,045
24,622,287
17,738,405
95,689,741
48,516,517
47,173,224
9,358,165
37,815,059
19,754,420
26,116,002
30,760,815
26,116,002
17,709,165
815,432
0.75%
0.10%
78,804,419
385,849,667
896,975
65.00%
20.00%
2,532,681
241,861,468
1,076,370
75.00%
25.00%
40,806,019
236,732,608
1,345,463
0.75%
0.25%
92,320,340
405,881,788
1,681,829
0.75%
0.10%
41,185,585
520,889,244
66.50%
4.41%
0.27
2.50%
1.78%
3.79%
33.50%
0.51
22.45%
1.05
23.34
60.81%
4.53%
0.19
1.89%
2.01%
3.19%
39.19%
0.79
25.21%
1.11
17.23
48.23%
3.98%
0.18
1.84%
2.02%
2.73%
51.77%
1.08
24.44%
1.19
16.21
49.07%
4.19%
0.17
1.71%
1.75%
3.23%
50.93%
1.09
25.30%
1.47
13.18
49.30%
4.09%
0.16
1.54%
1.71%
3.28%
50.70%
1.18
22.62%
1.56
10.53
17.36%
27.66%
44.70%
77.66%
84.74%
63.37%
62.23%
17.71%
20.89%
50.50%
76.42%
87.47%
73.26%
68.81%
15.37%
23.00%
50.23%
76.88%
87.23%
73.00%
68.77%
14.10%
29.01%
46.13%
80.17%
87.35%
64.91%
63.41%
13.86%
27.70%
45.70%
80.40%
88.23%
64.11%
62.34%
10.22%
55.32%
13.72%
89.81%
12.34%
9.79%
69.44%
24.47%
79.36%
13.40%
10.50%
74.25%
21.20%
78.35%
16.08%
11.34%
82.20%
16.34%
70.50%
14.85%
11.35%
78.35%
13.87%
76.40%
9.09%
5.57
84.95
8.54
9.95%
2.97
90.71
7.68
10.13%
2.47
89.05
7.59
10.18%
3.84
78.55
7.87
9.77%
4.62
67.03
8.23
4.14
0.16
2.34
5.20
2.33

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

31
SINDH BANK LTD.
2011
(Thousand Rupees)
2010
2011
Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
10,749,561
10,000,000
149,912
599,649
(86,548)
37,067,110
42,251
13,012,647
23,517,740
494,472
47,730,123
1,655,815
243,519
10,905,410
26,081,535
7,259,330
0
0
7,259,330
584,054
1,000,460
3,704,280
2,241,345
1,462,935
31,382
1,431,553
222,183
513,773
513,773
1,139,963
749,561
1,000,000
0.00%
0.00%
18,654,331
25,311,295
39.49%
3.07%
0.07
1.57%
0.47%
3.00%
60.51%
0.45
13.08%
2.31
0.75
3.98%
54.64%
15.21%
49.27%
77.66%
30.87%
19.87%
0.00%
0.00%
0.00%
22.52%
2.35
10.75
2.19
24.89

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

32
THE BANK OF KHYBER

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
5,568,253
4,002,984
1,323,077
242,192
307,977
23,863,487
348,952
1,321,396
21,410,828
782,311
29,739,717
1,364,853
3,728,016
2,858,000
8,945,856
12,174,026
2,301,268
2,088,386
10,085,640
213,025
2,544,327
5,677,816
4,002,984
1,436,359
238,473
(996,600)
26,657,773
122,516
910,691
24,732,195
892,371
31,338,989
1,557,715
3,362,946
2,282,494
8,985,441
14,925,119
3,331,487
2,281,305
12,643,814
187,589
2,318,990
5,040,633
5,004,001
435,342
(398,710)
921,664
32,848,273
229,973
5,147,036
26,285,794
1,185,470
38,810,570
1,542,102
2,403,698
1,810,846
17,925,911
14,820,746
4,457,159
2,984,784
11,835,962
1,013,670
2,278,381
5,604,119
5,004,001
548,039
52,079
3,796,254
41,393,930
280,665
2,894,759
36,981,351
1,237,155
50,794,303
5,079,720
1,502,684
2,562,093
19,852,730
21,272,033
4,117,581
3,033,700
18,238,333
1,121,554
2,437,189
9,700,427
8,228,001
722,501
749,925
665,067
58,058,972
281,292
10,391,732
45,548,423
1,837,525
68,424,466
2,802,781
1,527,561
1,800,566
36,684,689
25,284,711
3,938,731
2,996,912
22,287,799
1,301,822
2,019,248
2,380,380
1,845,360
535,020
659,384
(124,364)
745,552
543,763
522,723
91,014
219,437
2,958,865
1,897,816
1,061,049
238,593
822,456
339,755
956,315
654,869
205,896
137,348
3,390,014
2,390,388
999,626
1,261,819
(262,193)
383,702
920,279
719,453
(798,770)
(637,183)
4,207,155
2,925,066
1,282,089
322,766
1,604,855
59,677
951,391
943,680
713,141
563,486
6,946,827
4,551,942
2,394,885
244,624
2,150,261
730,010
1,285,458
1,468,480
1,285,458
872,308
400,298
0.00%
0.00%
(2,390,426)
4,641,163
400,298
25.00%
0.00%
1,626,745
5,208,484
500,400
0.00%
0.00%
6,445,596
6,966,342
500,400
0.00%
0.00%
1,804,102
7,560,301
822,800
0.64%
0.00%
13,250,791
9,270,649
22.48%
1.80%
0.04
0.74%
2.51%
-0.42%
77.52%
5.74
17.40%
0.70
0.55
35.86%
3.39%
0.02
0.44%
1.08%
2.62%
64.14%
3.18
28.99%
1.93
0.34
29.49%
2.58%
-0.13
-1.64%
0.99%
-0.68%
70.51%
-0.90
24.39%
1.88
-1.27
30.47%
2.52%
0.10
1.11%
0.12%
3.16%
69.53%
1.32
22.30%
15.81
1.13
34.47%
3.50%
0.09
1.27%
1.07%
3.14%
65.53%
1.14
16.74%
2.01
1.06
17.12%
30.08%
33.91%
71.99%
80.24%
56.86%
53.55%
15.70%
28.67%
40.35%
78.92%
85.06%
60.35%
58.20%
10.17%
46.19%
30.50%
67.73%
84.64%
56.38%
47.15%
12.96%
39.08%
35.91%
72.81%
81.49%
57.52%
53.35%
6.33%
53.61%
32.57%
66.57%
84.85%
55.51%
45.20%
18.90%
22.32%
30.07%
41.33%
31.57%
90.75%
58.68%
10.46%
68.48%
88.42%
42.28%
66.97%
19.36%
14.26%
73.47%
10.64%
73.68%
15.58%
11.85%
40.60%
8.16%
76.09%
18.72%
0.83
13.91
3.85
18.12%
0.92
14.18
4.36
12.99%
1.38
10.07
5.21
11.03%
1.35
11.20
6.60
14.18%
0.96
11.79
4.70
3.20
15.19

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

-10.89
33
11.84
-10.12
THE BANK OF PUNJAB

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
15,110,453
4,230,379
7,427,232
3,452,842
3,885,341
215,978,401
937,647
17,842,915
191,968,909
5,228,930
234,974,195
14,210,302
1,927,662
2,450,000
73,461,695
136,530,003
3,349,891
2,636,418
133,893,585
3,252,759
5,778,192
5,056,520
5,287,974
7,427,232
(7,658,686)
(1,313,395)
182,165,995
1,219,801
12,278,773
164,072,532
4,594,889
185,909,120
10,685,057
2,178,455
633,333
22,711,980
153,226,251
42,689,337
21,495,093
131,731,158
3,471,838
14,497,299
5,056,520
5,287,974
7,427,232
(7,658,686)
(1,313,395)
182,165,995
1,219,801
12,278,773
164,072,532
4,594,889
185,909,120
10,685,057
2,178,455
633,333
22,711,980
153,226,251
42,689,337
21,495,093
131,731,158
3,471,838
14,497,299
(7,111,043)
5,287,974
2,012,492
(14,411,509)
10,720,993
225,521,824
581,100
11,526,783
208,176,902
5,237,039
229,131,774
14,069,601
3,276,234
7,309,587
56,359,404
150,117,159
77,393,928
29,320,465
120,796,694
3,534,660
23,785,594
(6,976,480)
5,287,974
1,914,956
(14,179,410)
17,637,501
270,228,671
850,569
24,963,566
237,896,692
6,517,844
280,889,692
16,698,333
3,607,107
7,447,375
92,492,813
153,430,862
73,643,672
26,323,361
127,107,501
3,597,483
29,939,080
17,539,094
13,939,877
3,599,217
1,887,769
1,711,948
5,422,793
2,289,019
2,250,777
4,845,722
4,445,619
17,752,969
16,614,000
1,138,969
19,229,967
(18,090,998)
4,182,826
2,924,734
2,799,933
(16,832,906)
(10,059,505)
17,752,969
16,614,000
1,138,969
19,229,967
(18,090,998)
4,182,826
2,924,734
2,799,933
(16,832,906)
(10,059,505)
18,217,583
18,801,642
(584,059)
3,326,945
(3,911,004)
1,885,446
4,176,654
3,435,049
6,202,212
4,046,554
20,682,061
21,073,271
(391,210)
2,587,637
2,196,427
1,989,708
3,716,432
3,959,217
469,703
294,924
423,038
0.00%
0.35%
40,502,947
62,989,295
528,797
528,797
(48,385,008)
46,903,142
(48,385,008)
46,903,142
528,797
0.00%
0.00%
32,984,625
39,847,267
528,797
0.00%
0.00%
32,984,625
42,923,697
20.52%
1.53%
0.29
1.89%
2.31%
0.73%
79.48%
0.46
9.97%
0.42
10.51
6.42%
0.61%
-1.99
-5.41%
2.25%
-9.73%
93.58%
-0.17
13.33%
0.67
-19.02
6.42%
0.61%
-1.99
-5.41%
2.25%
-9.73%
93.58%
-0.17
13.33%
0.67
-19.02
-3.21%
-0.25%
-0.57
1.77%
0.82%
-1.71%
103.21%
0.55
20.78%
1.82
7.65
-1.89%
-0.14%
-0.04
0.10%
0.71%
0.78%
101.89%
8.43
16.39%
1.99
0.56
6.87%
31.26%
56.98%
81.70%
91.92%
71.12%
65.07%
6.92%
12.22%
70.86%
88.25%
97.99%
93.39%
86.89%
6.92%
12.22%
70.86%
88.25%
97.99%
93.39%
86.89%
7.57%
24.60%
52.72%
90.85%
98.42%
72.11%
68.33%
7.23%
32.93%
45.25%
84.69%
96.20%
64.49%
58.37%
2.45%
27.86%
27.86%
22.17%
71.60%
78.70%
844.24%
89.46%
50.35%
844.24%
89.46%
50.35%
51.56%
19.53%
-1,088.36%
11.35%
37.88%
48.00%
17.16%
-1,055.60%
9.83%
35.74%
6.43%
4.17
35.72
12.70
2.72%
9.28
9.56
32.45
2.72%
9.28
9.56
32.45
-3.10%
-5.60
-13.45
-29.28
-2.48%
-6.15
-13.19
-34.10
9.11
4.81
4.81
8.15
111.84

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

34
Private Sector Banks - Overall

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
335,558,244
182,923,895
92,324,287
60,310,062
54,306,190
3,445,854,766
69,288,789
315,173,884
2,909,973,436
151,418,657
3,835,719,200
330,722,925
80,978,851
144,267,071
936,617,336
2,129,767,639
128,088,718
95,687,146
2,034,080,493
133,328,851
175,723,673
385,359,458
210,865,136
116,709,912
57,784,410
41,246,518
3,809,313,808
52,687,992
305,687,636
3,244,927,861
206,010,319
4,235,919,784
320,517,786
103,115,398
137,405,388
845,773,291
2,582,387,596
184,544,581
145,648,689
2,436,738,907
154,423,798
237,945,216
448,140,588
250,825,234
129,499,179
67,816,175
55,865,074
4,474,936,926
55,027,426
496,966,731
3,696,318,107
226,624,662
4,978,942,588
370,158,326
127,593,768
182,548,618
1,382,688,908
2,664,890,312
270,852,209
198,582,490
2,466,307,822
153,471,610
296,173,536
472,942,974
275,390,507
147,117,474
50,434,993
44,519,030
4,962,869,192
60,505,858
419,118,618
4,250,619,218
232,625,498
5,480,331,196
423,371,995
127,673,217
144,242,701
1,696,420,171
2,875,221,875
351,693,460
252,080,464
2,623,141,411
163,861,660
301,620,041
604,889,679
356,844,077
150,212,920
97,832,682
(15,367,773)
5,733,906,437
70,475,916
508,175,430
4,888,454,466
266,800,625
6,323,428,343
506,215,607
141,320,818
122,588,383
2,468,168,101
2,840,379,978
364,289,152
275,241,209
2,565,138,769
176,095,495
343,901,170
287,468,766
137,649,901
149,818,868
46,568,286
104,770,698
61,874,183
95,778,014
94,277,551
69,834,448
51,435,338
370,761,372
189,477,389
181,283,983
67,875,442
113,412,163
70,125,358
125,060,096
122,545,992
52,529,021
34,800,231
460,314,435
247,726,810
221,100,885
74,874,595
146,197,065
70,429,526
143,019,662
137,112,537
63,542,898
40,603,888
486,294,541
259,347,973
226,946,568
60,248,131
169,223,241
75,509,790
159,009,575
153,363,449
77,693,011
46,343,893
484,676,021
309,342,602
274,784,302
46,392,613
235,980,997
80,213,564
181,596,419
174,512,078
131,080,868
86,737,494
18,314,321
21,086,511
25,082,524
27,539,050
35,684,408

E.Other items
2.Cash dividend
N/A
N/A
297,933,704
2,228,515,711
N/A
N/A
16,415,664
1,847,899,393
N/A
N/A
576,781,074
2,372,671,025
N/A
N/A
363,931,590
2,207,087,299
N/A
N/A
869,494,291
2,658,456,710
52.12%
3.91%
0.15
1.34%
1.61%
2.73%
47.88%
1.35
27.42%
1.52
2.81
48.90%
4.28%
0.09
0.82%
1.66%
2.68%
51.10%
2.33
28.37%
1.75
1.65
48.03%
4.27%
0.09
0.82%
1.41%
2.94%
53.82%
2.16
26.95%
1.95
1.62
46.67%
4.14%
0.10
0.85%
1.38%
3.09%
53.33%
1.97
28.30%
2.03
1.68
56.69%
2.77%
0.14
1.37%
1.27%
3.73%
63.82%
1.33
32.15%
2.18
2.43
10.73%
24.42%
53.03%
75.87%
89.84%
73.19%
66.04%
10.00%
19.97%
57.53%
76.61%
89.93%
79.58%
72.73%
10.00%
27.77%
49.53%
74.24%
89.88%
72.10%
63.55%
10.05%
30.95%
47.86%
77.56%
90.56%
67.64%
61.57%
10.24%
39.03%
40.57%
77.31%
90.68%
58.10%
52.63%
6.01%
23.51%
38.17%
48.67%
74.70%
7.15%
5.64%
47.89%
46.60%
78.92%
10.16%
7.45%
60.44%
37.70%
73.32%
12.23%
8.77%
74.36%
23.90%
71.68%
12.83%
9.69%
60.22%
16.86%
75.56%
8.75%
6.64
18.32
8.67
9.10%
4.80
18.28
8.42
9.00%
5.29
17.87
8.25
8.63%
4.67
17.17
8.99
9.57%
4.39
16.95
8.08
5.79
0.47
14.21
7.85
10.02

G.Liquidity ratios



J.Cash flow ratio

35
ALBARAKA BANK (PAKISTAN) LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,811,700
3,000,000
0
(188,300)
1,007,855
5,121,920
99,753
68,908
4,552,909
400,350
8,941,475
991,301
419,737
1,350,000
2,275,123
2,623,663
2,138
2,138
2,621,525
953,864
329,925
4,051,584
4,500,000
0
(448,416)
17,255
12,468,548
148,403
725,000
10,892,602
702,543
16,537,387
909,378
195,134
320,000
2,756,159
7,788,664
13,537
11,181
7,777,483
1,619,029
2,960,204
3,487,571
4,500,000
0
(1,012,429)
5,388
16,269,491
262,691
20,000
15,081,242
905,558
19,762,450
1,337,892
959,078
1,600,000
3,356,705
9,760,212
1,213,994
320,969
9,439,243
1,741,736
1,327,796
6,883,176
8,935,200
0
(2,052,024)
(764,099)
54,644,587
427,600
2,756,892
49,324,209
2,135,886
60,763,664
4,460,257
7,409,620
80,000
15,617,589
28,820,378
3,735,780
1,923,180
26,897,198
2,732,332
3,566,668
7,293,546
8,935,200
82,074
(1,723,728)
(769,063)
66,020,396
451,030
1,736,120
61,559,026
2,274,220
72,544,879
3,945,481
7,577,186
0
26,179,416
29,601,824
4,466,038
1,991,116
27,610,708
2,798,165
4,433,923
381,172
125,011
256,161
8,032
248,129
63,763
395,546
395,539
(83,654)
(57,499)
1,060,376
598,062
462,314
1,811
464,125
95,111
950,599
949,634
(391,363)
(260,116)
1,914,228
1,234,890
679,338
344,009
335,329
301,855
1,436,066
1,410,569
(798,882)
(564,013)
2,198,794
1,658,608
540,186
764,375
(224,189)
247,021
1,595,139
1,508,590
(1,572,307)
(1,039,595)
6,699,178
5,001,222
1,697,956
227,176
1,925,132
482,058
1,926,488
1,910,731
480,702
410,370
300,000
0.00%
0.00%
2,457,242
4,297,712
450,000
0.00%
0.00%
406,132
3,064,151
450,000
0.00%
0.00%
2,173,889
8,660,685
893,520
0.00%
0.00%
8,797,050
14,532,742
893,520
0.00%
0.00%
10,255,250
12,436,239
67.20%
2.86%
-0.02
-0.64%
0.71%
2.78%
32.80%
-4.73
88.90%
6.20
-0.19
43.60%
2.80%
-0.06
-1.57%
0.58%
2.81%
56.40%
-2.43
82.27%
9.98
-0.58
35.49%
3.44%
-0.16
-2.85%
1.53%
1.70%
64.51%
-1.77
64.80%
4.67
-1.25
24.57%
0.89%
-0.15
-1.71%
0.41%
-0.37%
75.43%
-0.96
65.22%
6.11
-1.16
25.35%
2.34%
0.06
0.57%
0.66%
2.65%
74.65%
3.97
26.83%
3.96
0.46
15.78%
25.44%
29.32%
50.92%
57.28%
57.63%
56.77%
6.68%
16.67%
47.03%
65.87%
75.40%
71.50%
67.04%
11.62%
16.99%
47.76%
76.31%
82.33%
64.72%
64.63%
19.53%
25.70%
44.27%
81.17%
89.93%
58.43%
55.34%
15.88%
36.09%
38.06%
84.86%
91.01%
48.09%
46.77%
0.08%
0.17%
0.08%
375.68%
100.00%
0.33%
16.20%
82.60%
12.44%
3.29%
34.81%
107.18%
26.44%
12.96%
6.67%
54.27%
39.75%
51.48%
15.09%
6.73%
61.23%
11.41%
44.58%
31.45%
1.53
9.37
1.62
24.50%
0.76
9.00
2.69
17.65%
2.48
7.75
4.32
11.33%
2.11
7.70
7.17
10.05%
1.71
8.16
8.44
-42.74
-1.56
-3.85
-8.46
24.99

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

36
ALLIED BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
18,408,391
5,386,370
6,050,713
6,971,308
1,469,851
300,231,481
3,494,384
22,933,656
263,972,382
9,831,059
320,109,723
29,739,857
668,449
18,419,241
83,958,463
178,524,257
11,354,923
10,116,977
168,407,280
7,548,628
11,367,805
20,805,117
6,463,644
5,804,776
8,536,697
1,550,497
344,340,055
2,952,490
27,778,151
297,475,321
16,134,093
366,695,669
23,653,754
2,096,779
15,793,183
82,646,595
223,639,777
13,771,895
10,667,769
212,972,008
11,134,436
18,398,914
25,857,515
7,110,008
6,582,845
12,164,662
4,062,279
388,421,058
3,162,429
39,818,532
328,872,559
16,567,538
418,340,852
26,435,683
1,280,591
28,122,932
94,673,100
249,925,187
16,281,178
12,542,665
237,382,522
12,459,586
17,986,438
31,191,174
7,821,009
7,516,910
15,853,255
4,798,456
413,976,778
4,118,791
20,774,450
371,280,948
17,802,589
449,966,408
31,265,658
579,700
11,488,944
121,158,730
268,532,972
18,688,166
15,430,262
253,102,710
15,371,118
16,999,548
37,761,572
8,603,110
8,762,745
20,395,717
5,717,786
472,409,254
4,015,317
49,993,200
399,560,790
18,839,947
515,888,612
36,479,765
1,679,121
1,361,754
195,789,638
262,143,554
20,452,465
17,703,717
244,439,837
18,095,123
18,043,374
21,201,422
10,019,004
11,182,418
2,714,842
8,467,576
3,920,099
6,434,599
6,018,346
5,953,076
4,076,158
30,570,540
17,272,724
13,297,816
3,156,001
10,141,815
4,896,915
8,917,790
8,121,805
6,120,940
4,156,686
41,144,667
22,421,218
18,723,449
4,511,166
14,212,283
6,078,257
9,718,918
9,517,584
10,571,622
7,149,310
45,011,184
22,465,506
22,545,678
4,083,385
18,462,293
5,867,378
11,914,322
11,344,090
12,415,279
8,283,817
51,828,897
26,696,185
25,132,712
3,009,024
22,123,688
7,263,796
14,129,619
13,289,101
15,257,865
10,256,173
538,637
0.15%
0.20%
46,349,828
117,080,646
646,364
25.00%
10.00%
563,633
126,060,778
711,001
40.00%
10.00%
10,687,333
120,551,592
782,101
0.40%
0.10%
36,199,585
108,128,287
860,311
0.50%
0.10%
86,857,938
173,528,427
52.74%
3.49%
0.22
1.27%
1.22%
2.65%
47.26%
1.01
25.61%
1.54
7.57
43.50%
3.63%
0.20
1.13%
1.34%
2.77%
56.50%
1.33
25.14%
1.66
6.43
45.51%
4.48%
0.28
1.71%
1.45%
3.40%
54.49%
0.90
20.58%
1.57
10.06
50.09%
5.01%
0.27
1.84%
1.30%
4.10%
49.91%
0.91
23.42%
1.93
10.59
48.49%
4.87%
0.27
1.99%
1.41%
4.29%
51.51%
0.87
23.91%
1.83
11.92
9.50%
26.23%
52.61%
82.46%
93.79%
67.63%
62.22%
7.02%
22.54%
58.08%
81.12%
93.90%
75.18%
68.76%
6.63%
22.63%
56.74%
78.61%
92.85%
75.99%
67.79%
7.08%
26.93%
56.25%
82.51%
92.00%
72.33%
68.49%
7.40%
37.95%
47.38%
77.45%
91.57%
65.61%
58.31%
6.36%
6.16%
61.68%
26.83%
89.10%
66.19%
29.58%
77.46%
6.51%
5.02%
62.96%
35.97%
77.04%
6.96%
5.75%
59.91%
26.46%
82.57%
7.80%
6.75%
54.16%
17.00%
86.56%
5.75%
6.36
34.18
14.34
5.67%
6.06
32.19
14.30
6.18%
4.66
36.37
12.72
6.93%
3.47
39.88
11.90
7.32%
4.60
43.89
10.58
11.37
0.14
1.49
4.37
8.47

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

37
ASKARI BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
12,099,645
3,006,499
6,948,336
2,144,810
166,342
169,905,898
2,627,051
17,553,525
143,036,707
6,688,615
182,171,885
13,356,055
3,497,054
14,444,143
39,431,005
108,188,767
6,907,591
7,408,605
100,780,162
5,128,428
5,535,038
12,034,895
4,058,774
7,667,141
308,980
936,468
193,219,775
2,584,828
15,190,148
167,676,572
7,768,227
206,191,138
16,029,635
3,954,814
4,479,754
35,677,755
139,830,973
11,689,417
11,012,731
128,818,242
8,266,458
8,964,480
13,164,224
5,073,467
7,287,041
803,716
1,823,647
239,365,567
2,945,670
19,300,163
205,912,903
11,206,831
254,353,438
19,385,850
8,374,640
4,649,059
66,885,617
147,633,745
17,725,451
12,593,844
135,039,901
9,332,361
10,686,010
14,819,933
6,427,440
7,712,855
679,638
1,212,292
298,747,904
3,089,984
25,554,777
255,908,149
14,194,994
314,780,129
22,565,190
3,787,538
9,194,186
102,100,063
168,435,880
21,598,648
15,651,626
152,784,254
10,084,422
14,264,476
16,585,997
7,070,184
8,135,795
1,380,018
1,295,861
325,983,862
2,756,032
17,274,979
291,499,395
14,453,456
343,865,720
26,168,206
6,236,116
1,613,584
133,655,387
167,381,246
23,645,541
16,668,690
150,712,556
9,451,033
16,028,838
15,143,241
8,685,624
6,457,617
3,921,741
2,535,876
4,565,496
4,801,587
4,789,536
2,299,785
2,681,012
18,393,313
10,650,719
7,742,594
4,072,597
3,669,997
2,707,000
5,915,615
5,904,169
461,382
386,225
22,590,230
13,542,210
9,048,020
2,914,893
6,133,127
2,625,545
7,159,061
7,124,693
1,599,691
1,068,864
27,954,956
17,931,715
10,023,241
3,035,725
6,987,516
2,234,053
8,009,956
7,937,367
1,249,627
919,461
32,768,950
22,699,089
10,069,861
1,771,471
8,298,390
3,017,770
8,874,165
8,787,381
2,454,944
1,705,207
300,650
0.15%
0.35%
8,370,382
145,064,726
405,877
0.00%
25.00%
2,596,563
202,238,722
507,347
0.00%
20.00%
36,871,225
106,574,473
642,744
0.00%
0.01%
35,789,356
196,716,932
707,018
0.00%
0.15%
36,472,843
165,250,062
42.64%
3.54%
0.22
1.47%
2.51%
1.39%
57.36%
2.08
24.36%
1.05
8.92
42.09%
3.76%
0.03
0.19%
1.31%
1.78%
57.91%
12.80
28.04%
2.18
0.95
40.05%
3.56%
0.08
0.42%
1.03%
2.41%
59.95%
4.45
28.39%
2.71
2.11
35.85%
3.18%
0.06
0.29%
0.71%
2.22%
64.15%
6.35
26.53%
3.55
1.43
30.73%
2.93%
0.10
0.50%
0.88%
2.41%
69.27%
3.58
24.80%
2.91
2.41
9.25%
21.64%
55.32%
78.52%
93.27%
75.64%
67.37%
9.69%
17.30%
62.48%
81.32%
93.71%
83.39%
76.47%
10.91%
26.30%
53.09%
80.96%
94.11%
71.70%
65.55%
8.37%
32.44%
48.54%
81.30%
94.91%
65.82%
59.84%
9.42%
38.87%
43.83%
84.77%
94.80%
57.42%
54.21%
6.38%
8.36%
57.09%
52.93%
107.25%
97.13%
36.98%
94.21%
12.01%
8.53%
134.65%
23.15%
71.05%
12.82%
9.29%
145.74%
19.40%
72.47%
14.13%
9.96%
142.56%
10.63%
70.49%
6.64%
11.99
40.24
11.82
5.84%
16.80
29.65
13.93
5.18%
8.10
25.95
15.64
4.71%
13.27
23.06
17.27
4.82%
9.96
23.46
17.58
3.12
6.72
34.50
38.92
21.39

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

38
BANK AL-HABIB LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
8,013,757
3,681,068
2,527,949
1,804,740
311,561
132,908,956
2,394,482
9,826,525
114,818,855
5,869,094
141,234,274
13,766,500
604,742
4,112,429
35,287,080
79,446,698
216,628
222,318
79,224,380
5,786,287
2,452,856
9,967,204
4,785,388
3,062,830
2,118,986
1,665,205
165,690,582
2,232,334
12,369,743
144,389,563
6,698,942
177,322,991
11,936,275
3,621,152
295,396
48,234,497
101,402,372
862,550
1,205,376
100,196,996
9,166,020
3,872,655
12,286,874
6,101,370
3,664,925
2,520,579
1,818,084
235,701,642
3,187,383
33,517,109
189,280,062
9,717,088
249,806,600
14,377,589
4,626,726
0
111,017,701
108,373,012
2,067,656
2,387,693
105,985,319
9,561,955
4,237,310
14,744,106
7,321,643
4,392,264
3,030,199
1,472,677
285,579,563
2,989,989
22,579,348
249,760,885
10,249,341
301,796,346
19,000,990
2,132,806
1,139,268
137,234,656
129,083,773
2,943,863
3,310,481
125,773,292
10,264,310
6,251,024
17,878,659
8,785,972
5,324,689
3,767,998
2,132,629
364,514,326
4,979,720
43,441,594
302,097,187
13,995,825
384,525,614
22,957,988
6,744,643
0
223,105,101
119,994,310
3,203,630
5,131,178
114,863,132
10,791,345
6,063,405
9,945,872
5,764,757
4,181,115
93,266
4,087,849
2,130,824
3,166,446
3,166,045
3,052,227
2,211,333
14,586,841
8,004,294
6,582,547
1,149,345
5,433,202
2,416,304
4,374,426
4,306,759
3,578,532
2,425,016
22,120,105
13,053,137
9,066,968
1,183,026
7,883,942
1,836,082
5,207,953
5,045,731
4,512,071
2,856,294
27,480,798
16,666,489
10,814,309
946,451
9,867,858
2,187,640
6,331,063
6,225,457
5,724,435
3,667,980
36,529,237
22,372,988
14,156,249
1,820,779
12,335,470
2,607,806
7,784,283
7,621,965
7,158,993
4,537,104
368,107
0.15%
0.30%
20,066,569
61,774,447
478,538
12.50%
27.50%
16,856,703
59,797,421
610,137
20.00%
20.00%
65,727,310
63,417,914
732,164
0.20%
0.20%
30,127,758
60,004,910
878,597
0.25%
0.15%
94,364,848
106,642,467
42.04%
2.96%
0.28
1.57%
1.51%
2.89%
57.96%
1.04
26.22%
1.49
6.01
45.13%
3.71%
0.24
1.37%
1.36%
3.06%
54.87%
1.20
25.73%
1.78
5.07
40.99%
3.63%
0.23
1.14%
0.74%
3.16%
59.01%
1.12
21.74%
2.75
4.68
39.35%
3.58%
0.25
1.22%
0.72%
3.27%
60.65%
1.09
21.34%
2.85
5.01
38.75%
3.68%
0.25
1.18%
0.68%
3.21%
61.25%
1.06
19.89%
2.92
5.16
10.18%
24.98%
56.09%
81.30%
94.11%
69.19%
63.74%
8.77%
27.20%
56.51%
81.43%
93.44%
70.23%
64.69%
7.61%
44.44%
42.43%
75.77%
94.35%
57.26%
48.64%
7.00%
45.47%
41.67%
82.76%
94.63%
51.68%
47.40%
7.72%
58.02%
29.87%
78.56%
94.80%
39.72%
34.73%
0.27%
0.85%
1.91%
2.70%
41.95%
102.63%
8.65%
95.35%
139.75%
16.83%
49.55%
115.48%
2.28%
2.56%
19.97%
28.59%
112.45%
2.67%
4.28%
17.92%
35.48%
160.17%
5.67%
7.71
21.77
14.33
5.62%
6.00
20.83
14.49
4.92%
5.16
20.14
15.41
4.89%
4.07
20.14
16.94
4.65%
5.96
20.35
16.90
9.07
6.95
23.01
8.21
20.80

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

39
BANK ALFALAH LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
13,766,673
6,500,000
2,414,833
4,851,840
2,453,171
312,675,308
4,138,243
21,230,697
273,173,841
14,132,527
328,895,152
29,436,378
18,380,738
3,452,059
88,491,564
175,678,810
4,705,085
4,479,818
171,198,992
11,922,324
6,013,097
14,608,523
7,995,000
3,166,056
3,447,467
2,436,216
331,946,025
3,452,031
13,690,222
300,732,858
14,070,914
348,990,764
32,687,335
21,581,043
3,315,500
75,973,238
197,931,671
0
6,140,683
191,790,988
13,773,293
9,869,367
17,055,606
13,491,563
3,587,969
(23,926)
4,626,589
367,612,072
3,766,144
20,653,921
324,743,389
18,448,618
389,294,267
35,056,025
22,722,927
14,947,435
99,279,438
196,802,164
15,585,716
8,780,672
188,021,492
14,552,454
14,714,496
17,238,003
13,491,563
3,819,133
(72,693)
4,410,008
390,155,871
4,521,533
13,700,124
354,010,690
17,923,524
411,803,882
41,197,841
16,180,533
6,497,556
113,622,561
217,822,143
17,710,312
10,670,089
207,152,054
14,251,595
12,901,742
23,126,022
13,491,563
4,100,264
5,534,195
2,777,242
442,442,524
5,403,453
18,168,978
401,245,675
17,624,418
468,345,788
50,882,662
17,424,524
7,765,407
166,648,636
211,394,376
19,096,614
12,925,864
198,468,512
13,427,693
13,728,354
25,783,871
16,620,963
9,162,908
2,376,711
6,786,197
6,038,466
8,289,111
8,272,587
4,535,552
3,130,229
30,966,638
20,494,355
10,472,283
3,543,357
6,928,926
4,822,924
9,957,130
9,805,790
1,794,720
1,301,301
35,554,930
24,709,878
10,845,052
3,451,912
7,393,140
5,202,233
11,346,473
11,009,954
437,664
(97,904)
37,530,398
23,854,578
13,675,820
2,411,846
11,263,974
4,903,726
12,835,658
12,658,021
2,065,110
1,166,983
44,166,897
25,688,287
18,478,610
4,187,175
14,291,435
5,328,223
14,265,285
13,880,361
5,383,151
4,325,888
650,000
0.15%
0.30%
39,645,325
124,896,380
799,500
50.00%
12.50%
2,499,606
121,702,262
1,349,156
0.08%
0.00%
19,947,703
159,052,924
1,349,156
0.00%
0.00%
18,101,276
179,210,913
1,349,156
0.18%
0.00%
53,536,423
189,279,494
35.54%
2.79%
0.23
0.95%
1.84%
2.06%
64.46%
1.82
26.05%
1.37
4.82
33.82%
3.00%
0.09
0.37%
1.38%
1.99%
66.18%
5.46
27.82%
2.03
1.63
30.50%
2.79%
-0.01
-0.03%
1.34%
1.90%
69.50%
25.16
27.84%
2.12
-0.07
36.44%
3.32%
0.07
0.28%
1.19%
2.74%
63.56%
6.13
30.25%
2.58
0.86
41.84%
3.95%
0.19
0.92%
1.14%
3.05%
58.16%
2.58
28.82%
2.61
3.21
14.54%
26.91%
52.05%
83.06%
95.07%
64.31%
59.67%
15.55%
21.77%
54.96%
86.17%
95.12%
65.82%
62.95%
14.84%
25.50%
48.30%
83.42%
94.43%
60.60%
56.98%
13.93%
27.59%
50.30%
85.97%
94.74%
61.53%
59.24%
14.58%
35.58%
42.38%
85.67%
94.47%
52.68%
50.40%
2.68%
0.00%
34.18%
53.05%
95.21%
0.00%
57.70%
7.92%
4.46%
91.38%
39.31%
56.34%
8.13%
4.90%
102.74%
22.60%
60.25%
9.03%
6.11%
82.58%
32.39%
67.69%
4.19%
9.07
21.18
19.84
4.19%
8.33
18.27
20.59
4.38%
9.33
12.64
19.04
4.19%
10.40
12.78
20.54
4.94%
8.18
17.14
17.35
12.67
1.92
-203.75
15.51
12.38

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

40
BANKISLAMI PAKISTAN LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
3,154,623
3,200,000
0
(45,377)
690,103
10,602,747
84,998
70,000
9,934,282
513,467
14,447,473
1,433,166
2,577,491
625,037
3,864,027
3,992,240
78,371
29,373
3,962,867
1,093,324
891,561
5,181,372
5,279,679
0
(98,307)
10,449
13,896,779
353,646
245,939
12,477,955
819,239
19,088,600
2,175,413
2,207,490
40,351
5,019,525
6,687,460
186,093
159,929
6,527,531
1,910,648
1,207,642
4,690,622
5,279,679
0
(589,057)
29,776
29,472,124
485,608
156,160
27,911,651
918,705
34,192,522
4,217,520
2,059,808
4,018,813
6,653,447
10,707,012
788,665
249,709
10,457,303
2,375,515
4,410,116
4,731,781
5,279,679
8,232
(556,130)
32,382
40,182,515
563,020
353,000
38,109,790
1,156,705
44,946,678
3,035,153
570,858
4,513,132
13,564,654
16,999,097
741,680
328,972
16,670,125
2,048,854
4,543,902
5,137,695
5,279,679
91,221
(233,205)
169,078
53,409,760
798,853
800,000
50,468,674
1,342,233
58,716,533
4,684,831
549,411
4,436,264
20,891,908
20,460,796
799,001
350,395
20,110,401
1,816,863
6,226,855
602,060
303,842
298,218
28,372
269,846
140,281
510,590
491,172
(100,463)
(37,023)
1,468,688
729,528
739,160
130,556
608,604
196,139
229,152
1,028,232
(229,152)
(52,930)
2,181,887
1,215,019
966,868
111,198
855,670
342,687
1,770,664
170,047
(572,307)
(483,598)
3,809,955
2,049,453
1,760,502
5,247
1,755,255
207,168
1,920,590
1,897,405
41,833
41,159
5,504,739
2,873,119
2,631,620
22,618
2,609,002
226,652
2,221,148
2,153,177
614,506
405,914
320,000
0.00%
0.00%
5,921,777
6,541,611
527,968
23.00%
0.00%
1,109,403
1,751,914
527,968
0.00%
0.00%
4,472,916
1,439,984
527,968
0.00%
0.00%
4,261,151
4,467,998
527,968
0.00%
0.00%
8,842,777
4,614,660
49.53%
2.06%
-0.01
-0.26%
0.97%
1.87%
50.47%
-4.89
68.78%
3.50
-0.12
50.33%
3.87%
-0.01
-0.28%
1.03%
3.19%
49.67%
-4.49
13.76%
5.24
-0.10
44.31%
2.83%
-0.10
-1.41%
1.00%
2.50%
55.69%
-0.30
70.14%
0.50
-0.92
46.21%
3.92%
0.01
0.09%
0.46%
3.91%
53.79%
45.36
47.81%
9.16
0.08
47.81%
4.48%
0.08
0.69%
0.39%
4.44%
52.19%
3.50
38.75%
9.50
0.77
27.76%
26.75%
27.43%
68.76%
73.39%
40.19%
39.91%
22.96%
26.30%
34.20%
65.37%
72.80%
53.59%
52.56%
18.36%
19.46%
30.58%
81.63%
86.19%
38.36%
38.15%
8.02%
30.18%
37.09%
84.79%
89.40%
44.61%
44.20%
8.91%
35.58%
34.25%
85.95%
90.96%
40.54%
39.91%
1.96%
2.78%
2.48%
96.59%
37.48%
3.59%
81.63%
85.94%
7.37%
2.33%
16.81%
44.53%
31.66%
4.36%
1.94%
15.67%
1.59%
44.35%
3.91%
1.71%
15.55%
6.46%
43.85%
21.84%
2.07
9.86
3.15
27.14%
0.34
9.81
2.41
13.72%
0.31
8.88
5.95
10.53%
0.94
8.96
8.05
8.75%
0.90
9.73
9.82
-159.95
-20.96
-9.25
103.53
21.78

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

41
BURJ BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
3,652,231
3,601,200
10,206
40,825
13,657
3,184,646
80,243
0
2,888,762
215,641
6,850,534
380,381
187,747
725,022
1,318,657
3,725,609
0
1,857
3,723,752
299,404
215,571
4,085,091
4,001,333
16,751
67,007
(10,281)
5,406,327
20,138
50,704
5,063,393
272,092
9,481,137
418,948
255,703
250,040
2,045,146
5,645,609
50,000
5,732
5,639,877
417,364
454,059
4,801,589
5,010,458
16,751
(225,620)
40,191
8,166,895
58,263
1,094,375
6,784,750
229,507
13,008,675
675,988
577,349
2,857,942
2,861,751
5,001,443
731,740
237,821
4,763,622
600,626
671,397
4,266,067
5,010,458
16,751
(761,142)
59,916
13,349,703
86,867
287,291
12,636,083
339,462
17,675,686
1,324,461
400,468
2,679,753
5,050,878
6,236,849
1,153,118
620,647
5,616,202
646,645
1,957,279
5,777,579
7,410,458
16,751
(1,649,630)
26,999
21,840,251
210,932
447,300
20,341,241
840,778
27,644,829
1,379,696
2,215,636
0
9,982,793
11,295,361
1,002,534
786,021
10,509,340
671,890
2,885,474
249,763
57,906
191,857
1,857
190,000
8,838
166,579
165,999
32,259
51,031
855,374
403,500
451,874
3,875
447,999
494,273
434,161
433,996
60,111
32,727
1,131,873
650,752
481,121
257,089
224,032
56,818
686,002
685,677
(405,152)
(292,627)
1,263,461
726,325
537,136
406,279
130,857
64,260
1,019,677
986,592
(824,560)
(535,522)
2,375,585
1,423,171
952,414
251,580
700,834
188,537
1,236,279
1,229,345
(346,908)
(288,488)
360,120
0.00%
0.00%
(1,296,457)
674,467
400,133
0.00%
0.00%
660,132
2,217,021
501,046
0.00%
0.00%
654,955
1,911,426
501,046
0.00%
0.00%
2,667,586
5,704,888
741,046
0.00%
0.00%
5,394,077
1,296,300
76.82%
2.80%
0.01
0.74%
0.13%
2.77%
23.18%
5.15
64.42%
18.78
0.14
52.83%
4.77%
0.01
0.35%
5.21%
4.73%
47.17%
7.22
32.17%
0.88
0.08
42.51%
3.70%
-0.06
-2.25%
0.44%
1.72%
57.49%
-1.69
57.71%
12.07
-0.58
42.51%
3.04%
-0.13
-3.03%
0.36%
0.74%
57.49%
-1.20
76.80%
15.35
-1.07
40.09%
3.45%
-0.05
-1.04%
0.68%
2.54%
59.91%
-3.54
48.21%
6.52
-0.39
8.29%
19.25%
54.36%
42.17%
46.49%
128.97%
128.97%
7.12%
21.57%
59.49%
53.40%
57.02%
111.50%
110.39%
9.63%
22.00%
36.62%
52.16%
62.78%
73.72%
63.48%
9.76%
28.58%
31.77%
71.49%
75.53%
49.36%
48.26%
13.01%
36.11%
38.02%
73.58%
79.00%
55.53%
54.33%
0.00%
0.89%
0.10%
1.22%
67.60%
11.46%
14.63%
4.76%
15.24%
108.10%
32.50%
18.49%
9.95%
27.03%
65.46%
53.82%
8.88%
6.96%
17.35%
32.01%
78.40%
53.31%
0.18
10.14
0.79
43.09%
0.54
10.21
1.24
36.91%
0.40
9.58
1.41
24.14%
1.34
8.51
2.96
20.90%
0.22
7.80
3.52
20.17
-2.24
-4.98
-18.70

E.Other items
2.Cash dividend

G.Liquidity ratios


0.00%
100.00%

J.Cash flow ratio

-25.41
42
DUBAI ISLAMIC BANK PAKISTAN LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
4,345,532
5,126,230
0
(780,698)
9,807
16,952,908
347,521
383
16,114,461
490,543
21,308,247
1,992,425
1,410,884
0
2,974,087
11,347,979
25,665
100,766
11,247,213
1,459,578
2,224,060
5,055,260
6,017,780
0
(962,520)
10,867
26,983,946
283,188
0
25,458,910
1,241,848
32,050,073
2,691,572
3,273,878
1,329,832
3,019,266
18,330,344
286,024
256,843
18,073,501
1,740,923
1,921,101
6,040,247
6,776,030
45,347
(781,130)
18
29,328,629
279,493
125,000
27,980,906
943,230
35,368,894
2,932,264
2,430,437
2,591,905
2,822,723
20,961,592
719,088
371,979
20,589,613
1,727,298
2,274,654
6,048,321
6,776,030
46,961
(774,670)
18
33,840,397
411,944
950,000
31,414,908
1,063,545
39,888,736
3,197,884
3,455,665
1,020,725
5,945,370
23,318,157
1,858,799
553,203
22,764,954
1,703,588
1,800,550
6,238,807
6,776,030
85,058
(622,281)
(4,758)
41,962,400
394,426
1,898,500
38,491,607
1,177,867
48,196,449
3,429,994
1,116,928
3,826,084
12,937,179
23,902,380
2,107,709
561,778
23,340,602
1,597,770
1,947,892
1,119,716
469,302
650,414
100,766
549,648
336,410
1,453,906
1,411,526
(567,848)
(369,196)
2,723,796
1,377,542
1,346,254
156,077
1,190,177
335,552
271,806
1,791,282
(271,806)
(181,822)
3,647,145
1,805,943
1,841,202
115,136
1,726,066
365,353
1,739,369
1,724,467
352,050
226,737
4,071,552
2,129,570
1,941,982
181,224
1,760,758
366,335
2,109,362
2,095,563
17,731
8,074
4,632,785
2,395,995
2,236,790
10,075
2,226,715
457,136
2,367,722
2,337,312
316,129
190,486
434,553
0.00%
0.00%
2,848,560
11,012,116
601,778
0.00%
0.00%
2,523,494
21,322,168
677,603
0.00%
0.00%
(1,285,767)
17,830,878
677,603
0.00%
0.00%
4,676,276
5,704,888
677,603
0.00%
0.00%
4,983,772
10,461,483
58.09%
3.05%
-0.08
-1.73%
1.58%
2.58%
41.91%
-2.49
99.85%
4.20
-0.85
49.43%
4.20%
-0.04
-0.57%
1.05%
3.71%
50.57%
-6.59
8.88%
5.34
-0.30
50.48%
5.21%
0.04
0.64%
1.03%
4.88%
49.52%
4.90
43.35%
4.72
0.33
47.70%
4.87%
0.00
0.02%
0.92%
4.41%
52.30%
118.19
47.53%
5.72
0.01
48.28%
4.64%
0.03
0.40%
0.95%
4.62%
51.72%
7.39
46.52%
5.11
0.28
15.97%
13.96%
52.78%
75.63%
79.56%
70.42%
70.42%
18.61%
9.42%
56.39%
79.43%
84.19%
72.00%
72.00%
15.16%
7.98%
58.21%
79.11%
82.92%
74.91%
74.58%
16.68%
14.90%
57.07%
78.76%
84.84%
74.23%
72.05%
9.43%
26.84%
48.43%
79.86%
87.07%
62.10%
59.18%
0.23%
1.56%
3.43%
0.59%
100.00%
392.62%
5.66%
60.77%
89.80%
11.90%
30.95%
51.73%
7.97%
2.37%
30.73%
32.76%
29.76%
8.82%
2.35%
33.78%
1.79%
26.65%
20.39%
2.53
10.00
3.71
15.77%
4.22
8.40
5.04
17.08%
2.95
8.91
4.63
15.16%
0.94
8.93
5.19
12.94%
1.68
9.21
6.17
-7.72
-13.88
-5.67
579.18
26.16

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

43
FAYSAL BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
10,345,146
5,296,445
3,567,033
1,481,668
5,811,357
125,120,918
2,406,927
9,995,855
102,067,422
10,650,714
141,277,421
6,872,032
3,708,451
7,078,102
31,553,108
91,016,278
4,753,415
3,669,877
87,346,401
2,514,959
2,204,368
10,135,987
5,296,445
3,790,023
1,049,519
636,121
127,469,378
1,536,517
13,027,468
102,776,793
10,128,600
138,241,486
8,927,524
876,780
2,861,401
36,152,537
88,620,641
7,446,481
5,108,573
83,512,068
2,646,978
3,264,198
11,373,147
6,090,911
4,030,056
1,252,180
1,519,902
167,899,404
1,465,451
34,985,766
123,469,683
7,978,504
180,792,453
8,427,202
508,795
15,017,826
56,459,447
98,384,470
10,671,030
7,038,469
91,346,001
2,787,617
6,245,565
16,614,625
7,309,094
7,354,688
1,950,843
(96,855)
250,803,153
3,218,859
34,635,904
195,315,204
17,633,186
267,320,923
17,428,924
5,727,909
0
86,418,549
151,206,409
24,707,758
17,499,640
133,706,769
8,726,406
15,312,366
17,793,427
8,243,118
6,591,131
2,959,178
1,419,732
273,354,667
3,075,642
39,696,986
214,614,731
15,967,308
292,567,826
18,445,108
4,685,718
0
93,409,187
165,483,330
26,044,119
17,321,335
148,161,995
10,849,607
17,016,211
11,610,781
7,459,392
4,151,389
2,079,044
2,072,345
3,441,145
2,815,663
2,799,747
2,697,827
2,272,108
13,404,132
8,454,755
4,949,377
2,047,362
2,902,015
5,212,608
1,796,537
3,257,843
1,796,537
1,114,952
16,957,875
11,946,579
5,011,296
2,191,883
2,819,413
2,804,695
4,312,044
4,285,459
1,320,043
1,212,527
19,710,460
13,919,256
5,791,204
2,201,824
3,589,380
4,012,338
6,774,664
6,644,072
827,054
1,190,329
28,825,449
19,619,095
9,206,354
695,245
8,511,109
4,070,369
11,103,387
10,813,919
197,795
1,280,296
529,644
0.25%
0.25%
7,262,087
50,562,981
529,645
15.00%
0.00%
1,882,246
51,941,751
609,091
0.00%
0.00%
17,897,098
79,757,936
730,909
0.00%
0.20%
8,881,898
164,784,857
824,312
0.00%
0.13%
5,911,646
173,978,654
35.75%
2.94%
0.22
1.61%
2.44%
1.47%
64.25%
1.04
18.71%
0.81
4.29
36.92%
3.58%
0.11
0.81%
3.77%
2.10%
63.08%
1.81
9.65%
0.62
2.11
29.55%
2.77%
0.11
0.67%
1.55%
1.56%
70.45%
3.25
21.82%
1.53
1.99
29.38%
2.17%
0.07
0.45%
1.50%
1.34%
70.62%
8.03
28.56%
1.66
1.63
31.94%
3.15%
0.07
0.44%
1.39%
2.91%
68.06%
54.67
33.75%
2.66
1.55
7.49%
22.33%
61.83%
72.25%
88.56%
89.17%
81.22%
7.09%
26.15%
60.41%
74.35%
92.21%
86.23%
76.53%
4.94%
31.23%
50.53%
68.29%
92.87%
79.68%
62.09%
8.66%
32.33%
50.02%
73.06%
93.82%
77.42%
65.76%
7.91%
31.93%
50.64%
73.36%
93.43%
77.11%
65.07%
5.22%
8.40%
45.95%
56.65%
77.21%
73.47%
40.08%
68.60%
10.85%
7.15%
93.83%
31.14%
65.96%
16.34%
11.57%
148.71%
12.58%
70.83%
15.74%
10.47%
146.37%
4.01%
66.51%
7.32%
4.89
19.53
9.87
7.33%
5.12
19.14
10.14
6.29%
7.01
18.67
10.86
6.22%
9.92
22.73
11.76
6.08%
9.78
21.59
12.06
3.20
1.69
14.76
7.46
4.62

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

44
HABIB BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
50,741,564
6,900,000
18,628,584
25,212,980
7,202,391
597,894,901
15,379,440
52,218,228
508,986,541
21,310,692
655,838,856
55,361,813
19,558,051
1,628,130
171,932,281
380,751,226
24,588,571
18,490,698
362,260,528
13,582,240
31,515,813
61,290,814
7,590,000
22,882,318
30,818,496
3,753,597
652,237,599
9,781,077
44,022,676
572,399,187
26,034,659
717,282,010
56,359,367
32,720,391
6,193,787
127,786,754
460,244,672
36,086,044
24,536,012
435,708,660
33,490,506
25,022,545
75,133,715
9,108,000
27,527,380
38,498,335
9,236,083
779,554,995
10,041,542
52,542,978
682,750,079
34,220,396
863,924,793
79,839,836
40,366,687
5,352,873
216,467,532
490,010,583
49,438,255
35,348,084
454,662,499
16,766,668
50,468,698
86,842,059
10,018,800
29,355,555
47,467,704
9,408,712
828,448,632
9,775,093
40,459,860
747,374,799
30,838,880
924,699,403
81,640,246
37,413,185
30,339,344
254,909,116
502,445,637
53,607,643
42,695,625
459,750,012
16,155,290
44,492,210
100,147,132
11,020,680
32,145,755
56,980,697
9,439,856
1,029,967,217
13,894,502
39,473,670
933,631,525
42,967,520
1,139,554,205
103,399,623
47,349,505
41,581,029
418,604,147
503,453,704
56,549,062
46,086,048
457,367,656
19,167,654
52,084,591
48,342,047
18,001,496
30,340,551
8,020,766
22,319,785
7,971,990
17,164,773
17,355,732
13,127,002
8,041,416
61,157,813
25,523,572
35,634,241
9,295,235
26,339,006
10,336,517
20,820,329
20,253,578
5,855,194
10,000,980
76,076,347
33,405,813
42,670,534
9,089,659
33,580,875
11,159,612
23,358,851
22,745,955
21,381,636
13,400,749
81,325,028
34,330,255
46,994,773
7,585,664
39,409,109
12,762,431
25,131,510
24,252,960
27,040,030
17,034,380
98,580
42,182,220
56,398,203
6,925,497
49,472,706
14,782,861
29,934,169
29,433,961
34,321,398
22,333,022
690,000
0.40%
0.10%
14,210,526
352,277,094
759,000
55.00%
20.00%
(21,380,958)
296,820,275
910,800
0.60%
0.10%
107,753,133
358,083,924
1,001,880
0.01%
0.00%
42,055,186
253,403,791
1,102,068
0.70%
0.10%
206,730,148
572,908,009
62.76%
4.63%
0.16
1.23%
1.22%
3.40%
37.24%
1.32
30.48%
2.18
11.65
58.27%
4.97%
0.16
1.39%
1.44%
3.67%
41.73%
3.46
29.12%
1.96
13.18
56.09%
4.94%
0.18
1.55%
1.29%
3.89%
43.91%
1.06
26.78%
2.04
14.71
57.79%
5.08%
0.20
1.84%
1.38%
4.26%
42.21%
0.90
26.71%
1.90
17.00
57,210.59%
-3.69%
0.22
1.96%
1.30%
4.34%
42,789.84%
0.86
201.15%
1.99
20.26
11.42%
26.22%
55.24%
77.61%
91.16%
74.81%
67.85%
12.42%
17.82%
60.74%
79.80%
90.93%
80.41%
74.66%
13.91%
25.06%
52.63%
79.03%
90.23%
71.77%
66.64%
12.87%
27.57%
49.72%
80.82%
89.59%
67.23%
63.78%
13.23%
36.73%
40.14%
81.93%
90.38%
53.92%
51.74%
6.46%
7.84%
48.46%
43.38%
75.20%
58.88%
37.88%
67.99%
10.09%
7.21%
65.80%
25.71%
71.50%
10.67%
8.50%
61.73%
17.77%
79.64%
11.23%
9.15%
56.47%
15.03%
81.50%
7.74%
6.94
73.54
10.03
8.54%
4.84
80.75
9.34
8.70%
4.77
82.49
9.09
9.39%
2.92
86.68
8.61
8.79%
5.72
90.87
9.32
1.77
-2.14
8.04
2.47
9.26

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

45
HABIB METROPOLITAN BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
13,462,244
5,018,350
6,383,936
2,059,958
55,948
159,348,809
3,210,041
29,991,633
121,066,469
5,080,666
172,867,001
10,201,545
3,691,183
3,989,249
61,735,796
91,044,061
804,247
1,217,255
89,826,806
1,294,486
2,127,936
16,149,648
6,022,020
7,039,936
3,087,692
(1,144,998)
167,706,203
2,372,146
30,372,598
128,432,616
6,528,843
182,710,853
11,401,384
2,974,237
98,176
53,631,532
110,391,364
1,747,599
2,130,105
108,261,259
1,583,360
4,760,905
18,900,286
7,527,525
7,587,835
3,784,926
(148,629)
218,406,844
3,111,467
68,186,674
142,185,495
4,923,208
237,158,501
11,192,498
4,836,399
150,000
111,679,520
106,922,608
6,364,665
4,629,476
102,293,132
2,465,977
4,540,975
20,956,902
8,731,929
8,151,443
4,073,530
(646,585)
231,820,564
2,572,954
62,529,729
160,314,211
6,403,670
252,130,881
13,923,393
3,123,094
3,190,399
100,849,146
127,350,007
7,463,452
7,522,371
119,827,636
3,387,452
7,829,761
24,246,101
10,478,315
8,807,718
4,960,068
335,268
263,619,288
3,733,794
66,641,226
185,281,216
7,963,052
288,200,657
14,233,690
3,551,591
2,361,754
147,459,163
119,679,648
15,427,848
10,022,934
109,656,714
3,230,658
7,707,087
11,983,551
8,259,184
3,724,367
442,160
3,282,207
3,175,706
2,254,015
2,253,559
4,203,898
2,797,006
15,870,172
10,919,922
4,950,250
1,249,820
3,700,430
3,928,506
3,233,784
3,086,634
4,740,110
3,277,377
21,376,259
14,636,228
6,740,031
2,569,646
4,141,160
3,713,321
3,656,972
3,550,647
4,226,734
2,746,563
23,281,800
16,407,604
6,874,196
3,041,548
3,832,648
4,429,981
4,335,039
4,199,115
4,027,590
2,809,369
23,380,314
16,433,491
6,946,823
3,041,548
3,905,275
4,429,070
4,308,010
4,172,840
4,026,335
2,818,038
501,835
0.10%
0.87%
19,073,676
97,951,953
602,202
0.00%
25.00%
(6,265,387)
80,361,851
752,753
10.00%
16.00%
58,187,921
116,806,754
873,193
0.00%
0.00%
(6,943,837)
200,438,547
1,047,832
0.00%
0.20%
(6,943,837)
200,438,547
31.08%
2.15%
0.21
1.62%
1.84%
1.90%
68.92%
0.54
14.87%
0.71
5.57
31.19%
2.71%
0.20
1.79%
2.15%
2.03%
68.81%
0.65
16.33%
0.79
5.44
31.53%
2.84%
0.15
1.16%
1.57%
1.75%
68.47%
0.84
14.58%
0.96
3.65
29.53%
2.73%
0.13
1.11%
1.76%
1.52%
70.47%
1.04
15.64%
0.95
3.22
29.71%
2.41%
0.12
0.98%
1.54%
1.36%
70.29%
1.04
15.49%
0.94
2.69
8.04%
35.71%
51.96%
70.03%
92.18%
75.20%
60.27%
7.87%
29.35%
59.25%
70.29%
91.79%
85.95%
69.51%
6.76%
47.09%
43.13%
59.95%
92.09%
75.20%
50.83%
6.76%
40.00%
47.53%
63.58%
91.94%
79.44%
57.15%
6.17%
51.17%
38.05%
64.29%
91.47%
64.59%
47.51%
0.88%
1.58%
5.97%
36.32%
151.35%
10.82%
58.67%
121.89%
5.95%
4.33%
33.67%
55.51%
72.74%
5.86%
5.91%
35.61%
40.43%
100.79%
12.89%
8.37%
63.63%
30.35%
64.97%
7.79%
7.28
26.83
8.99
8.84%
4.98
26.82
7.95
7.97%
6.18
25.11
7.52
8.31%
9.56
24.00
7.65
8.41%
8.27
23.14
7.64
6.82
-1.91
21.19
-2.47
-2.46

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

46
JS BANK LIMITED
Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
5,141,351
5,106,337
7,086
27,928
52,456
15,133,945
727,179
481,147
13,679,898
245,721
20,327,752
977,235
254,079
3,601,211
6,109,536
6,593,635
143,604
117,672
6,475,963
491,736
2,417,992
5,784,628
5,694,844
18,040
71,744
(508,791)
16,351,965
127,922
537,655
15,294,273
392,115
21,627,802
1,285,247
672,271
1,405,210
5,138,709
9,810,093
455,504
129,644
9,680,449
2,496,883
949,033
5,622,453
6,127,605
18,040
(523,192)
32,106
27,240,361
320,492
5,039,635
21,313,791
566,443
32,894,920
1,764,403
1,820,857
3,482,564
9,535,555
12,167,220
857,059
477,567
11,689,653
3,039,329
1,562,559
7,237,084
8,149,715
18,040
(930,671)
(1,398,798)
33,545,361
369,620
5,524,410
26,276,328
1,375,003
39,383,647
2,298,806
917,802
3,643,360
13,701,699
14,505,537
1,902,566
527,424
13,978,113
2,882,941
1,960,926
9,450,850
10,002,930
89,978
(642,058)
(669,814)
45,721,589
1,246,994
3,171,800
40,174,351
1,128,444
54,502,625
3,880,782
165,067
3,803,022
22,906,646
18,543,633
2,776,895
513,749
18,029,884
3,064,883
2,652,341
1,130,383
864,300
266,083
9,727
256,356
418,340
736,917
736,263
97,625
35,431
1,975,203
1,361,738
613,465
11,218
602,247
492,345
983,367
982,624
111,225
54,770
2,527,295
1,806,709
720,586
772,688
(52,102)
339,470
1,736,161
1,734,815
(1,448,793)
(594,936)
3,299,767
2,255,014
1,044,753
136,484
908,269
332,974
1,863,793
1,846,840
(622,550)
(407,479)
4,319,252
2,583,678
1,735,574
151,199
1,886,773
769,937
2,119,374
2,111,534
537,336
361,645
510,634
0.00%
0.00%
(660,884)
3,853,683
569,484
20.00%
0.00%
403,176
1,260,563
612,761
0.00%
0.00%
6,268,544
10,400,433
814,972
0.00%
0.00%
1,760,620
7,898,774
1,000,293
0.00%
0.00%
3,527,847
7,820,884
23.54%
1.31%
0.01
0.17%
2.06%
1.26%
76.46%
7.54
47.58%
1.76
0.07
31.06%
2.84%
0.01
0.25%
2.28%
2.78%
68.94%
8.83
39.85%
2.00
0.10
28.51%
2.19%
-0.11
-1.81%
1.03%
-0.16%
71.49%
-1.20
60.56%
5.11
-0.97
31.66%
2.65%
-0.06
-1.03%
0.85%
2.31%
68.34%
-2.97
51.31%
5.55
-0.50
40.18%
3.18%
0.04
0.66%
1.41%
3.46%
59.82%
3.93
41.64%
2.74
0.36
6.06%
30.06%
31.86%
67.30%
74.45%
48.20%
46.56%
9.05%
23.76%
44.76%
70.72%
75.61%
64.14%
61.96%
10.90%
28.99%
35.54%
64.79%
82.81%
57.09%
46.17%
8.17%
34.79%
35.49%
66.72%
85.18%
55.20%
45.61%
7.42%
42.03%
33.08%
73.71%
83.89%
46.16%
42.78%
2.18%
4.64%
2.79%
8.27%
81.94%
7.87%
8.65%
28.46%
7.04%
3.93%
15.24%
161.80%
55.72%
13.12%
3.64%
26.29%
25.88%
27.72%
14.97%
2.77%
29.38%
29.43%
18.50%
25.29%
0.75
10.07
2.66
26.75%
0.22
10.16
2.64
17.09%
1.85
9.18
3.79
18.38%
1.09
8.88
3.63
17.34%
0.83
9.45
4.25
-10.54
-4.32
9.76

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

-18.65
47
7.36
KASB BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
3,250,768
3,106,978
151,287
(7,497)
1,033,224
36,606,580
879,152
1,745,807
33,131,773
849,848
40,890,572
3,001,895
807,555
1,766,398
7,277,875
26,046,768
1,069,872
903,615
25,143,153
1,094,748
1,798,948
3,191,389
4,014,890
151,287
(974,788)
6,008,118
42,599,591
217,520
6,300,622
35,087,477
993,972
51,799,098
1,507,632
59,093
556,455
9,454,149
35,164,850
7,354,408
2,924,654
32,240,196
2,909,213
5,072,360
4,363,093
9,508,617
151,287
(5,296,811)
1,053,728
55,582,766
386,066
8,696,140
43,807,061
2,693,499
60,999,587
2,851,783
235,121
2,804,596
13,580,973
34,054,696
7,355,353
4,138,250
29,916,446
4,027,676
7,582,992
1,940,292
9,508,617
162,727
(7,731,052)
1,037,423
55,863,821
541,041
6,636,645
46,694,675
1,991,460
58,841,536
3,272,624
360,306
40,000
12,859,540
35,520,314
9,617,879
5,310,930
30,209,384
4,541,778
7,557,904
9,413,468
19,508,617
30,839
(10,125,988)
(5,886,596)
69,663,886
891,579
4,607,205
61,993,604
2,171,498
73,190,758
4,822,751
10,930,425
622,683
15,588,703
35,245,477
12,138,602
5,858,803
29,386,674
4,366,514
7,473,008
2,917,344
2,285,381
631,963
212,976
418,987
821,479
1,174,904
1,153,736
65,562
197,693
4,861,400
4,448,440
412,960
2,223,938
(1,810,978)
615,591
1,787,364
1,759,032
(1,849,199)
(972,969)
5,120,943
5,569,707
(448,764)
1,971,290
(2,420,054)
1,111,457
3,058,379
2,796,425
(5,864,077)
(4,318,749)
5,158,566
5,169,142
(10,576)
1,307,259
(1,317,835)
971,501
3,016,905
2,989,039
(3,487,184)
(2,727,345)
4,711,888
5,196,408
484,520
284,941
769,461
955,050
3,257,947
2,805,265
(3,146,226)
(2,524,305)
310,698
0.00%
0.00%
1,200,499
10,375,250
401,489
0.00%
0.00%
(3,436,371)
14,966,219
950,862
0.26%
0.00%
9,162,534
18,276,636
950,862
0.00%
0.00%
(199,789)
21,047,073
1,950,862
1.05%
0.00%
11,029,923
39,795,348
21.66%
1.55%
0.06
0.48%
2.01%
1.02%
78.34%
17.60
31.42%
1.40
0.64
8.49%
0.80%
-0.30
-1.88%
1.19%
-3.50%
91.51%
-0.95
32.63%
2.86
-2.42
-8.76%
-0.74%
-0.99
-7.08%
1.82%
-3.97%
108.76%
-0.48
49.07%
2.52
-4.54
-0.21%
-0.02%
-1.41
-4.64%
1.65%
-2.24%
100.21%
-0.86
49.21%
3.08
-2.87
10.28%
-0.66%
-0.27
-3.45%
1.30%
1.05%
110.28%
-0.89
57.49%
2.94
-1.29
9.32%
17.80%
61.49%
81.03%
89.52%
78.62%
74.68%
3.02%
18.25%
62.24%
67.74%
82.24%
100.22%
84.96%
5.06%
22.26%
49.04%
71.82%
91.12%
77.74%
64.86%
6.17%
21.85%
51.34%
79.36%
94.94%
76.07%
66.60%
21.52%
21.30%
40.15%
84.70%
95.18%
56.85%
52.92%
4.11%
20.91%
32.91%
23.57%
84.46%
230.45%
76.04%
39.77%
21.60%
12.15%
168.58%
47.64%
56.26%
27.08%
14.95%
495.69%
24.61%
55.22%
34.44%
16.62%
128.95%
4.86%
48.27%
7.95%
3.19
10.46
10.19
6.16%
4.69
7.95
10.99
7.15%
4.19
4.59
10.04
3.30%
10.85
2.04
24.07
12.86%
4.23
4.83
6.59
6.07
3.53
-2.12
0.07
-4.37

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

48
MCB BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
45,414,156
6,282,768
34,000,638
5,130,750
9,705,519
355,365,842
10,479,058
39,406,831
292,098,066
13,381,887
410,485,517
39,683,883
3,807,519
1,051,372
113,089,261
229,732,772
10,725,308
10,772,174
218,960,598
16,024,123
17,868,761
52,244,865
6,282,768
36,768,765
9,193,332
6,191,189
385,179,850
10,551,468
22,663,840
330,181,624
21,782,918
443,615,904
39,631,172
4,043,100
4,100,079
96,631,874
272,847,325
56,462
10,711,855
262,135,470
17,263,733
19,810,476
63,120,371
6,911,045
38,387,656
17,821,670
9,192,909
439,428,598
8,201,090
44,662,088
367,581,075
18,984,345
511,741,878
38,774,871
6,077,354
3,000,000
169,484,647
269,721,034
23,238,723
16,472,769
253,248,265
18,099,010
23,057,731
71,225,105
7,602,150
40,164,526
23,458,429
10,774,022
488,482,736
10,265,537
25,684,593
431,295,499
21,237,107
570,481,863
45,407,264
1,551,518
4,401,781
215,747,844
274,157,806
24,543,807
19,592,335
254,565,471
21,061,787
27,746,198
81,034,402
8,362,365
42,412,588
30,259,449
10,619,903
564,670,502
9,466,818
39,100,627
491,146,798
24,956,259
656,324,807
53,122,620
2,357,418
955,087
319,005,983
248,128,180
26,664,873
22,333,442
225,794,738
22,418,450
32,670,511
31,786,595
7,865,533
23,921,062
3,065,051
20,856,011
6,011,291
5,559,267
5,022,416
21,308,035
15,265,562
40,043,824
11,560,740
28,483,084
4,019,121
24,463,963
5,791,440
8,387,837
7,546,878
21,867,566
15,374,600
51,621,911
15,835,581
44,299,590
7,322,321
36,977,269
5,754,853
11,069,912
10,235,366
23,349,146
15,665,403
54,829,365
18,027,372
36,801,993
3,597,117
33,204,876
6,441,642
13,406,395
12,327,496
26,509,636
16,874,019
68,215,902
23,632,615
44,583,287
3,653,614
40,929,673
8,241,260
17,777,644
15,860,242
31,321,782
19,302,483
628,277
1.25%
0.00%
61,899,299
213,317,107
628,276
115.00%
10.00%
2,031,538
392,959,678
691,105
1.10%
0.10%
78,214,049
376,583,024
760,215
0.01%
0.00%
58,654,480
136,245,597
836,237
1.20%
0.10%
124,163,869
165,013,804
75.26%
5.83%
0.34
3.72%
1.46%
5.08%
24.74%
0.24
14.71%
0.84
24.30
71.13%
6.42%
0.29
3.47%
1.31%
5.51%
28.87%
0.35
18.30%
1.30
24.47
85.82%
6.99%
0.25
3.06%
1.12%
7.23%
30.68%
0.44
19.29%
1.78
22.67
67.12%
6.45%
0.24
2.96%
1.13%
5.82%
32.88%
0.47
21.88%
1.91
22.20
65.36%
6.79%
0.24
2.94%
1.26%
6.24%
34.64%
0.51
23.25%
1.92
23.08
10.60%
27.55%
53.34%
71.16%
86.57%
78.65%
69.30%
9.85%
21.78%
59.09%
74.43%
86.83%
82.64%
77.33%
8.76%
33.12%
49.49%
71.83%
85.87%
73.38%
65.43%
8.23%
37.82%
44.62%
75.60%
85.63%
63.57%
59.99%
8.45%
48.60%
34.40%
74.83%
86.04%
50.52%
46.79%
4.67%
0.02%
23.62%
28.45%
100.44%
0.11%
37.52%
18,971.80%
8.62%
6.11%
36.82%
44.45%
70.89%
8.95%
7.15%
34.46%
18.36%
79.83%
10.75%
9.00%
32.91%
16.36%
83.76%
11.06%
4.70
72.28
6.43
11.78%
7.52
83.16
6.32
12.33%
5.97
91.33
5.82
12.49%
1.91
93.69
6.06
12.35%
2.04
96.90
6.06
4.05
0.13
4.99
3.48
6.43

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

49
MEEZAN BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
5,719,910
3,779,897
720,785
1,219,228
(13,254)
61,471,903
1,192,160
2,415,606
54,582,353
3,281,784
67,178,559
5,644,028
3,729,549
8,850,000
10,535,186
35,249,612
553,339
673,273
34,576,339
1,032,963
2,810,494
6,341,097
4,925,961
845,022
570,114
(366,119)
79,301,092
1,057,017
4,008,496
70,233,875
4,001,704
85,276,070
5,763,710
1,344,974
18,108,000
14,526,699
40,626,920
3,649,163
1,098,189
39,528,731
1,880,515
4,123,441
9,814,412
6,650,048
1,074,408
2,089,956
396,911
115,290,455
1,249,210
8,593,425
100,331,448
5,116,372
125,501,778
8,387,522
5,262,341
34,486,875
24,370,190
44,238,200
3,649,163
2,528,544
41,709,656
2,437,228
8,847,966
11,746,417
6,982,550
1,404,326
3,359,541
679,695
146,383,899
1,767,370
5,829,296
131,067,996
7,719,237
158,810,011
12,780,951
9,957,757
10,511,855
50,519,386
57,846,309
4,318,323
3,851,146
53,995,163
3,095,897
17,949,002
13,964,302
8,029,933
2,082,635
3,851,734
871,434
186,899,986
2,282,045
9,235,960
170,022,486
5,359,495
201,735,722
16,641,195
2,354,908
4,065,406
99,949,542
64,276,720
4,647,792
5,321,135
58,955,585
4,021,420
15,747,666
4,573,752
2,451,968
2,121,784
435,896
1,685,888
1,347,893
1,764,593
1,755,761
1,269,188
963,501
6,803,213
3,088,334
3,714,879
717,320
2,997,559
707,908
2,713,156
2,626,606
992,311
621,187
10,105,518
4,969,843
5,135,675
1,532,051
3,603,624
1,707,492
3,626,697
3,681,088
2,527,405
1,676,242
12,284,569
6,606,370
5,678,199
1,496,019
4,182,180
2,687,274
4,723,597
4,637,393
2,443,282
1,899,782
18,006,812
8,665,317
9,341,495
1,673,533
7,667,962
2,263,349
6,331,458
6,164,075
4,121,435
3,046,057
377,990
0.00%
0.20%
7,465,000
56,113,028
492,596
0.00%
9.00%
3,320,190
56,411,095
665,005
0.35%
0.05%
14,017,274
73,034,851
698,255
0.00%
0.00%
35,528,395
108,236,057
802,993
0.10%
0.13%
47,304,566
114,137,104
46.39%
3.16%
0.17
1.43%
2.01%
2.51%
53.61%
1.38
29.80%
1.30
2.55
54.60%
4.36%
0.10
0.73%
0.83%
3.52%
45.40%
2.65
36.12%
3.71
1.26
50.82%
4.09%
0.17
1.34%
1.36%
2.87%
49.18%
1.46
30.70%
2.16
2.52
46.22%
3.58%
0.16
1.20%
1.69%
2.63%
53.78%
1.90
31.55%
1.73
2.72
51.88%
4.63%
0.22
1.51%
1.12%
3.80%
48.12%
1.50
31.24%
2.72
3.79
13.95%
15.68%
51.47%
81.25%
91.51%
64.58%
61.84%
8.34%
17.03%
46.35%
82.36%
92.99%
57.85%
54.72%
10.88%
19.42%
33.23%
79.94%
91.86%
44.09%
40.61%
14.32%
31.81%
34.00%
82.53%
92.18%
44.13%
42.26%
9.42%
49.54%
29.22%
84.28%
92.65%
37.80%
35.86%
1.57%
8.98%
9.67%
64.74%
121.67%
57.55%
65.32%
30.09%
8.25%
5.72%
37.18%
60.59%
69.29%
7.47%
6.66%
36.76%
38.85%
89.18%
7.23%
8.28%
33.28%
31.45%
114.49%
8.51%
9.81
15.13
9.54
7.44%
8.90
12.87
11.08
7.82%
7.44
14.76
10.22
7.40%
9.21
16.82
11.16
6.92%
8.17
17.39
12.18
7.75
5.34
8.36
18.70
15.53

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

50
NIB BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
22,594,386
22,017,968
719,810
(143,392)
13,997,648
140,061,370
2,110,211
16,669,412
116,671,219
4,610,528
176,653,404
10,318,722
1,401,796
4,753,113
40,498,840
92,586,336
13,252,316
10,426,262
82,160,074
30,800,135
6,720,724
29,006,672
28,437,271
8,326,684
(7,757,283)
10,691,836
139,210,607
1,432,084
23,651,366
104,586,167
9,540,990
178,909,115
9,355,104
793,843
12,459,621
35,176,823
97,322,481
16,715,515
16,978,288
80,344,193
3,702,426
37,077,105
41,643,272
40,437,271
8,464,894
(7,258,893)
(115,027)
166,590,718
1,574,207
62,523,365
93,919,805
8,573,341
208,118,963
8,834,275
3,683,783
5,681,887
62,432,977
100,000,757
15,746,457
15,979,351
84,021,406
3,114,632
40,350,003
7,892,204
40,437,271
8,464,894
(41,009,961)
5,992,736
150,672,126
1,335,493
42,361,934
99,111,741
7,862,958
164,557,066
8,836,474
2,952,593
6,429,166
50,209,083
98,362,123
34,711,468
23,778,539
74,583,584
2,751,703
18,794,463
59,912,879
103,028,512
218,276
(43,333,909)
(46,249,209)
141,161,341
1,738,422
47,382,031
85,472,247
6,568,641
154,825,011
7,969,044
1,486,560
14,666,918
47,786,041
84,489,211
34,194,582
23,627,698
60,861,513
2,722,863
19,332,072
6,999,888
4,995,955
2,003,933
1,494,801
509,132
598,771
2,006,961
2,002,159
(571,207)
(350,557)
15,201,691
10,799,816
4,401,875
9,657,400
(5,255,525)
2,421,876
8,164,241
6,433,122
(1,099,789)
(7,474,679)
18,272,363
12,872,357
5,400,006
1,195,329
4,204,677
1,681,833
5,242,439
5,345,307
644,071
691,048
16,482,767
13,467,526
3,015,241
10,041,017
(7,025,776)
1,933,774
7,336,960
7,055,824
(12,089,002)
(9,706,760)
14,250,121
12,155,613
2,094,508
2,549,789
455,281
1,976,884
5,064,890
4,823,582
(3,492,009)
(2,067,422)
2,201,797
0.00%
0.00%
7,989,545
55,864,113
2,843,727
42.00%
0.00%
21,302,169
93,144,827
4,043,727
0.00%
0.00%
28,507,068
123,505,187
4,043,727
0.00%
0.00%
(16,940,772)
152,511,924
10,302,851
1.55%
0.00%
6,809,298
142,890,225
28.63%
1.13%
-0.02
-0.20%
0.34%
0.29%
71.37%
-3.51
26.41%
3.34
-0.16
28.96%
2.46%
-0.26
-4.18%
1.35%
-2.94%
71.04%
-5.85
46.33%
2.66
-2.63
29.55%
2.59%
0.02
0.33%
0.81%
2.02%
70.45%
8.30
26.27%
3.18
0.17
18.29%
1.83%
-1.23
-5.90%
1.18%
-4.27%
81.71%
-0.58
39.84%
3.65
-2.40
14.70%
1.35%
-0.03
-1.34%
1.28%
0.29%
85.30%
-1.38
31.21%
2.44
-0.20
6.63%
22.93%
46.51%
66.05%
79.29%
79.36%
69.44%
5.67%
19.66%
44.91%
58.46%
77.81%
93.05%
75.89%
6.01%
30.00%
40.37%
45.13%
80.05%
106.47%
63.92%
7.16%
30.51%
45.32%
60.23%
91.56%
99.24%
69.53%
6.11%
30.86%
39.31%
55.21%
91.17%
98.85%
63.60%
14.31%
17.18%
15.75%
58.65%
14.34%
78.68%
57.63%
56.88%
101.57%
37.81%
7.48%
101.48%
35.29%
24.17%
439.82%
42.23%
68.50%
40.47%
27.97%
57.07%
10.79%
69.10%
12.79%
2.47
10.26
5.16
16.21%
3.21
10.20
3.61
20.01%
2.97
10.30
2.26
4.80%
19.32
1.95
12.56
38.70%
2.38
5.82
1.43
-22.79
-2.85
41.25
1.75
-3.29

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

51
SAMBA BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
6,218,641
8,769,517
43,080
(2,593,956)
(16,483)
14,453,144
1,056,878
182,611
12,644,938
568,717
20,655,302
1,003,611
63,348
8,565,836
3,947,925
7,105,438
2,410,997
2,412,325
4,693,113
854,292
1,527,177
5,476,330
8,769,517
43,080
(3,336,267)
(14,176)
11,025,182
55,349
437,949
9,859,537
672,347
16,487,336
774,575
331,201
2,313,308
3,829,354
8,605,889
1,961,143
2,442,881
6,163,008
1,157,689
1,918,201
4,883,277
8,769,517
43,080
(3,929,320)
2,192,383
16,658,466
78,127
3,141,284
12,520,633
918,422
23,734,126
961,280
707,912
3,123,377
5,807,829
12,343,360
2,726,295
2,619,949
9,723,411
1,112,169
2,298,148
7,936,255
14,334,734
43,080
(6,441,559)
(10,577)
22,585,442
115,759
6,534,994
14,871,806
1,062,883
30,511,120
1,250,011
1,195,948
1,389,003
11,090,905
14,747,321
2,711,299
2,609,535
12,137,786
1,001,413
2,446,054
8,172,770
14,334,734
90,383
(6,252,347)
9,497
23,148,705
529,005
3,996,032
17,669,297
954,371
31,330,972
1,463,306
59,384
803,459
9,663,613
18,374,905
2,619,410
2,543,578
15,831,327
903,608
2,606,275
1,182,921
837,869
345,052
924,777
(579,725)
128,432
921,386
891,889
(1,372,679)
(1,322,892)
1,758,004
1,071,307
686,697
312,528
374,169
125,429
1,511,039
1,461,077
(1,011,441)
(742,311)
1,878,626
1,208,857
669,769
239,511
430,258
92,224
1,590,906
1,415,235
(1,068,424)
(593,053)
2,384,653
1,350,320
1,034,333
17,599
1,016,734
321,243
1,468,273
1,456,873
(130,296)
(119,594)
3,352,186
1,943,845
1,408,341
46,204
1,454,545
152,397
1,406,048
1,393,321
200,894
236,515
876,952
0.00%
0.00%
(3,934,986)
2,089,651
876,952
0.00%
0.00%
4,073,848
30,569,856
876,952
0.00%
0.00%
6,840,004
14,557,877
1,433,473
0.00%
0.00%
5,087,251
17,205,195
1,433,473
0.00%
0.00%
(2,388,547)
29,978,957
29.17%
1.67%
-0.21
-6.40%
0.62%
-2.81%
70.83%
-0.65
70.26%
6.94
-1.51
39.06%
4.16%
-0.14
-4.50%
0.76%
2.27%
60.94%
-1.44
80.23%
11.65
-0.85
35.65%
2.82%
-0.12
-2.50%
0.39%
1.81%
64.35%
-1.32
80.72%
15.35
-0.68
43.37%
3.39%
-0.02
-0.39%
1.05%
3.33%
56.63%
-11.18
54.26%
4.54
-0.08
42.01%
4.50%
0.03
0.75%
0.49%
4.64%
57.99%
6.94
40.12%
9.14
0.16
5.17%
19.11%
22.72%
61.22%
69.97%
56.19%
55.39%
6.71%
23.23%
37.38%
59.80%
66.87%
87.28%
83.57%
7.03%
24.47%
40.97%
52.75%
70.19%
98.58%
78.81%
8.02%
36.35%
39.78%
48.74%
74.02%
99.16%
68.89%
4.86%
30.84%
50.53%
56.40%
73.88%
103.99%
84.81%
33.93%
22.79%
22.09%
38.77%
38.34%
100.06%
35.81%
12.79%
124.56%
55.83%
9.14%
96.10%
18.39%
17.69%
34.16%
0.67%
96.25%
14.26%
13.84%
32.05%
1.82%
97.10%
30.11%
0.34
7.09
2.03
33.22%
5.58
6.24
1.80
20.57%
2.98
5.57
2.56
26.01%
2.17
5.54
1.87
26.09%
3.67
5.70
2.16
2.97
-5.49
-11.53
-42.54
-10.10

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

52
SILKBANK LIMITED
Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,100,769
5,001,750
218,556
(4,119,537)
1,079,670
51,480,161
570,756
6,880,449
42,373,710
1,655,246
53,660,600
3,223,780
128,991
839,959
17,859,169
31,415,818
6,136,018
5,540,846
25,874,972
2,367,883
3,365,846
3,089,997
9,003,150
218,556
(6,131,709)
1,301,363
51,253,908
431,537
8,738,616
41,056,630
1,027,125
55,645,268
3,070,067
190,197
1,376,651
12,012,233
38,187,392
12,845,225
7,100,019
31,087,373
3,002,450
4,906,297
196,905
9,003,150
224,649
(9,030,894)
1,566,184
66,901,252
637,602
15,088,332
49,610,034
1,565,284
68,664,341
3,120,880
151,068
1,067,708
20,179,329
40,592,094
11,891,428
8,494,604
32,097,490
3,720,695
8,327,171
13,431,374
26,716,048
0
(13,284,674)
(8,597,427)
67,835,146
836,931
9,871,141
55,706,188
1,420,886
72,669,093
3,414,524
89,355
1,050,754
13,190,048
52,924,512
12,360,000
8,570,106
44,354,406
2,443,805
8,126,201
18,800,542
26,716,048
139,013
(8,054,519)
(13,162,035)
85,031,770
1,679,456
17,781,686
64,071,908
1,498,720
90,670,277
4,436,142
94,322
3,100,803
17,547,640
55,309,362
11,022,942
5,373,083
49,936,279
4,755,911
10,799,180
4,799,853
4,440,116
359,737
3,132,444
(2,772,707)
776,825
1,324,383
1,270,317
(3,320,265)
(3,040,907)
4,588,299
4,218,901
369,398
1,642,093
(1,272,695)
384,510
1,946,070
1,935,732
(2,834,255)
(2,014,268)
5,913,317
5,855,517
57,800
2,309,355
(2,251,555)
662,187
2,663,091
2,747,856
(4,252,459)
(2,902,905)
6,775,565
5,926,528
849,037
228,114
620,923
1,184,804
3,041,273
3,153,601
(1,235,546)
(1,131,154)
8,385,608
6,514,770
1,870,838
2,629,853
4,500,691
846,586
3,988,359
3,779,045
1,358,918
695,063
500,175
0.00%
0.00%
(2,009,657)
15,144,301
900,315
80.00%
0.00%
(7,387,980)
13,208,986
900,315
0.00%
0.00%
6,510,410
13,454,187
2,671,605
0.00%
0.00%
(10,346,069)
18,460,536
2,671,605
0.00%
0.00%
8,225,230
24,940,371
7.49%
0.67%
-2.76
-5.67%
1.45%
-5.17%
92.51%
-0.38
23.75%
1.64
-6.08
8.05%
0.66%
-0.65
-3.62%
0.69%
-2.29%
91.95%
-0.68
39.13%
5.03
-2.24
0.98%
0.08%
-14.74
-4.23%
0.96%
-3.28%
99.02%
-0.65
40.50%
4.15
-3.22
12.53%
1.17%
-0.08
-1.56%
1.63%
0.85%
87.47%
-2.55
38.21%
2.66
-0.42
22.31%
2.06%
0.04
0.77%
0.93%
4.96%
77.69%
2.78
43.20%
4.46
0.26
6.25%
33.28%
48.22%
78.97%
95.94%
74.14%
63.78%
5.86%
21.59%
55.87%
73.78%
92.11%
93.01%
76.69%
4.77%
29.39%
46.75%
72.25%
97.43%
81.82%
62.74%
4.82%
18.15%
61.04%
76.66%
93.35%
95.01%
80.71%
5.00%
19.35%
55.07%
70.66%
93.78%
86.32%
67.57%
19.53%
33.64%
29.29%
557.43%
56.53%
90.30%
415.70%
23.13%
55.27%
6,039.17%
27.19%
71.43%
23.35%
16.19%
92.02%
2.66%
69.34%
19.93%
9.71%
58.63%
48.94%
48.74%
2.05%
13.76
2.20
38.49
5.55%
4.27
3.43
13.29
0.29%
68.33
0.22
251.95
18.48%
1.37
5.03
4.15
20.74%
1.33
7.04
3.41
0.66
3.67
-2.24
9.15
11.83

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

53
SONERI BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
6,229,666
4,114,222
1,876,669
238,775
380,813
70,243,581
1,640,514
5,865,471
60,150,128
2,587,468
76,854,060
5,861,205
4,349,673
3,175,009
19,181,562
40,805,224
1,277,490
650,775
40,154,449
2,150,955
1,981,207
6,965,749
4,114,222
2,016,877
834,650
147,298
73,864,207
1,254,496
8,441,454
61,634,491
2,533,766
80,977,254
5,646,755
3,908,859
3,990,269
14,053,177
49,464,962
5,002,417
1,889,598
47,575,364
3,126,857
2,675,973
7,181,577
5,019,351
2,003,948
158,278
621,624
87,507,071
1,763,401
9,385,522
73,548,226
2,809,922
95,310,272
6,471,173
1,497,193
2,755,377
29,537,179
51,939,441
3,190,077
3,212,338
48,727,103
3,333,891
2,988,356
8,381,360
6,023,221
2,029,036
329,103
536,313
99,188,005
1,857,810
12,370,528
82,016,811
2,942,856
108,105,678
7,247,711
1,400,451
2,531,900
34,985,663
59,293,364
7,096,036
4,617,643
54,675,721
3,468,923
3,795,309
11,238,162
9,029,185
1,182,501
1,026,476
(260,875)
118,755,099
1,571,314
14,557,179
99,733,970
2,892,636
129,732,386
8,959,130
879,000
813,190
45,775,969
71,071,622
8,941,653
5,731,675
65,339,947
3,833,916
4,131,234
6,271,636
4,334,358
1,937,281
234,815
1,702,466
1,067,664
1,293,445
1,278,974
1,476,685
1,000,334
7,822,941
4,878,347
2,944,594
1,265,942
1,678,652
1,226,206
1,951,625
1,673,590
953,233
701,041
9,337,284
6,602,779
2,734,505
1,633,343
1,101,162
1,168,193
2,078,942
2,113,660
190,413
145,355
10,250,494
7,203,842
3,046,652
1,452,236
1,594,416
1,228,431
2,682,400
2,623,991
140,447
125,440
12,895,306
8,997,385
3,897,921
1,272,178
2,625,743
1,955,203
3,502,675
3,447,925
1,078,271
783,533
411,422
0.00%
0.20%
892,813
44,250,847
411,422
0.00%
22.00%
4,500,148
30,104,153
501,935
0.00%
0.00%
13,892,687
39,824,682
602,322
0.00%
0.00%
5,497,142
55,540,656
902,919
0.33%
0.13%
11,482,024
32,814,252
30.89%
2.52%
0.16
1.30%
1.39%
2.22%
69.11%
0.87
17.62%
1.20
2.43
37.64%
3.64%
0.10
0.87%
1.51%
2.07%
62.36%
1.76
21.57%
1.36
1.70
29.29%
2.87%
0.02
0.15%
1.23%
1.16%
70.71%
11.10
19.79%
1.81
0.29
29.72%
2.82%
0.01
0.12%
1.14%
1.47%
70.28%
18.68
23.37%
2.14
0.21
30.23%
3.00%
0.07
0.60%
1.51%
2.02%
69.77%
3.20
23.59%
1.76
0.87
13.29%
24.96%
52.25%
78.27%
91.40%
67.84%
61.81%
11.80%
17.35%
58.75%
76.11%
91.22%
80.26%
70.59%
8.36%
30.99%
51.12%
77.17%
91.81%
70.62%
62.63%
8.00%
32.36%
50.58%
75.87%
91.75%
72.29%
62.82%
7.58%
35.28%
50.37%
76.88%
91.54%
71.26%
62.18%
3.13%
10.11%
6.14%
20.51%
36.08%
50.94%
71.81%
67.00%
37.77%
44.42%
50.85%
100.70%
11.97%
7.79%
84.66%
31.45%
65.07%
12.58%
8.06%
79.57%
22.20%
64.10%
8.11%
7.10
15.14
9.66
8.60%
4.32
16.93
8.85
7.53%
5.55
14.31
10.24
7.75%
6.63
13.92
9.79
8.66%
2.92
12.45
8.87
0.89
6.42
95.58
43.82
14.65

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

54
STANDARD CHARTERED BANK (PAKISTAN) LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
43,340,575
38,715,850
1,653,044
2,971,681
(274,265)
212,478,904
6,637,388
6,616,065
177,161,630
22,063,821
255,545,214
26,295,860
1,628,280
15,225,935
40,696,466
131,085,549
10,493,345
11,548,534
119,537,015
3,734,139
48,427,519
44,010,120
38,715,850
1,812,492
3,481,778
(1,252,980)
221,860,038
4,296,420
8,695,730
174,551,801
34,316,087
264,617,178
22,741,035
1,261,582
31,466,898
29,586,663
137,716,271
16,534,389
12,114,806
125,601,465
3,886,275
50,073,260
44,817,406
38,715,850
2,052,347
4,049,209
3,852,905
268,909,813
4,844,638
15,847,326
206,915,825
41,302,024
317,580,124
21,521,592
2,305,891
20,568,064
83,263,661
146,243,792
21,388,480
16,783,638
129,460,154
7,003,915
53,456,847
48,339,869
38,715,850
2,785,229
6,838,790
3,760,200
275,197,331
5,691,864
15,914,343
220,187,888
33,403,236
327,297,400
24,087,885
921,931
30,421,885
72,294,275
163,713,272
22,581,390
18,991,715
144,721,557
6,606,225
48,243,642
51,535,761
38,715,850
3,879,491
8,940,420
4,122,977
308,529,074
4,576,789
19,361,864
235,874,584
48,715,837
364,187,812
26,293,151
3,204,253
20,205,971
104,040,114
159,653,491
26,102,557
22,344,611
137,308,880
6,437,023
66,698,420
22,530,080
6,338,119
16,191,961
6,052,957
10,139,004
6,112,711
12,160,481
12,081,963
4,091,234
2,764,069
23,307,442
6,888,900
16,418,542
9,316,038
7,102,504
6,611,470
12,620,994
12,424,711
1,092,980
677,132
27,242,261
10,725,651
16,516,610
9,447,907
7,068,703
6,924,143
12,477,127
12,148,873
1,515,719
872,411
28,569,842
11,016,266
17,553,576
4,359,235
13,194,341
12,997,894
13,439,371
12,997,894
5,757,685
3,740,855
32,825,124
11,907,713
20,917,411
4,507,477
16,409,934
6,192,553
14,016,159
13,408,462
8,586,328
5,553,141
3,971,585
0.00%
0.00%
9,247,515
183,669,089
3,871,585
0.00%
0.00%
(12,894,580)
121,947,090
3,871,585
0.00%
0.00%
46,769,642
150,649,399
3,871,585
0.06%
0.00%
(9,718,375)
164,327,870
3,871,585
0.10%
0.00%
40,845,050
182,579,724
71.87%
6.34%
0.06
1.08%
2.39%
3.97%
28.13%
2.95
42.46%
1.98
0.70
70.44%
6.20%
0.02
0.26%
2.50%
2.68%
29.56%
11.37
42.18%
1.88
0.17
60.63%
5.20%
0.02
0.27%
2.18%
2.23%
39.37%
8.02
36.52%
1.75
0.23
61.44%
5.36%
0.08
1.14%
3.97%
4.03%
38.56%
2.26
32.33%
1.00
0.97
63.72%
5.74%
0.11
1.52%
1.70%
4.51%
36.28%
1.56
35.92%
2.17
1.43
10.93%
15.93%
46.78%
69.33%
83.15%
73.99%
71.33%
9.07%
11.18%
47.47%
65.96%
83.84%
78.90%
75.15%
7.50%
26.22%
40.76%
65.15%
84.67%
70.68%
65.65%
7.64%
22.09%
44.22%
67.27%
84.08%
74.35%
69.34%
8.10%
28.57%
37.70%
64.77%
84.72%
67.69%
62.55%
8.00%
12.01%
24.21%
52.41%
110.06%
37.57%
76.90%
73.27%
14.63%
11.48%
47.72%
56.29%
78.47%
13.79%
11.60%
46.71%
22.95%
84.10%
16.35%
14.00%
50.65%
20.17%
85.60%
16.96%
4.24
10.91
4.09
16.63%
2.77
11.37
3.97
14.11%
3.36
11.58
4.62
14.77%
3.40
12.49
4.55
14.15%
3.54
13.31
4.58
53.61
-2.60
7.36

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

3.35
55
-19.04
SUMMIT BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
6,324,139
4,500,000
1,631,395
192,744
(22,563)
11,819,210
384,179
1,748,603
9,464,785
221,643
18,120,786
753,845
52,551
2,855,582
5,408,425
8,157,709
128,461
128,461
8,029,248
597,515
423,620
6,132,731
5,000,000
1,314,828
(182,097)
(312,611)
18,982,697
75,963
1,869,940
16,616,466
420,328
24,802,817
1,349,649
65,580
200,000
5,094,613
16,510,341
751,663
751,663
15,758,678
927,882
1,406,415
4,065,941
5,000,000
1,064,828
(1,998,887)
(11,541)
34,118,975
213,209
1,554,801
31,307,488
1,043,477
38,173,375
1,923,526
724,802
1,433,817
12,446,033
21,072,058
2,568,243
2,568,243
18,503,815
1,570,754
1,570,628
3,494,032
7,250,660
(1,335,050)
(2,421,578)
(220,764)
68,883,636
357,293
5,257,243
61,537,424
1,731,676
72,156,904
4,047,590
375,207
0
20,204,357
44,477,357
11,394,074
5,723,944
38,753,413
2,781,943
5,994,394
5,434,595
10,779,796
(1,551,944)
(3,793,257)
721,080
113,516,398
900,750
18,562,616
89,614,738
4,438,294
119,672,073
6,117,998
1,433,614
1,069,757
36,134,418
68,381,073
22,417,723
11,068,103
57,312,970
5,950,625
11,652,691
617,854
252,338
365,516
0
365,516
345,904
384,502
383,529
326,918
230,165
2,471,982
1,585,875
886,107
623,202
262,905
166,780
776,959
774,742
(347,274)
(191,408)
3,514,363
2,877,797
636,566
2,040,787
(1,404,221)
1,208,532
1,077,054
1,064,723
(2,285,586)
(2,066,790)
7,068,952
6,100,832
968,120
2,230,522
1,262,402
623,446
3,250,790
2,790,634
(3,889,746)
(3,032,144)
9,529,068
9,020,995
508,073
367,809
140,264
778,031
3,902,702
3,855,690
(2,984,407)
(1,510,339)
450,000
0.00%
0.00%
768,996
2,387,362
500,000
0.00%
0.00%
1,156,154
25,857,630
500,000
0.00%
0.00%
8,975,769
35,826,776
725,066
0.00%
0.00%
4,361,206
45,997,746
1,077,980
0.20%
0.00%
8,335,700
45,997,746
59.16%
2.02%
0.04
1.27%
1.91%
2.02%
40.84%
1.17
39.90%
1.11
0.51
35.85%
3.57%
-0.03
-0.77%
0.67%
1.06%
64.15%
-2.23
29.44%
4.65
-0.38
18.11%
1.67%
-0.51
-5.41%
3.17%
-3.68%
81.89%
-0.47
22.80%
0.88
-4.13
13.70%
1.34%
-0.87
-4.20%
0.86%
1.75%
86.30%
-0.72
42.26%
4.48
-4.18
5.33%
0.42%
-0.28
-1.26%
0.65%
0.12%
94.67%
-1.29
37.86%
4.96
-1.40
4.45%
29.85%
44.31%
52.23%
65.22%
86.19%
72.75%
5.71%
20.54%
63.54%
66.99%
76.53%
99.36%
89.31%
6.94%
32.60%
48.47%
82.01%
89.38%
67.31%
64.12%
6.13%
28.00%
53.71%
85.28%
95.46%
72.28%
66.59%
6.31%
30.19%
47.89%
74.88%
94.86%
76.31%
63.21%
1.57%
4.55%
12.19%
2.03%
0.00%
100.00%
12.26%
82.91%
100.00%
63.16%
79.46%
100.00%
25.62%
12.87%
326.10%
38.97%
50.24%
32.78%
16.19%
412.50%
3.32%
49.37%
34.90%
0.38
14.05
1.50
24.73%
4.22
12.27
2.71
10.65%
8.81
8.13
7.70
4.84%
13.16
4.82
17.61
4.54%
8.46
5.04
16.49
3.34
-6.04
-4.34
-1.44
-5.52

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

56
UNITED BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
34,009,411
8,093,750
10,261,958
15,653,703
8,411,993
487,862,552
6,079,341
59,103,350
401,637,816
21,042,045
530,283,956
57,526,451
4,191,128
24,781,723
115,585,646
294,725,035
22,012,411
1,352,028
293,373,007
16,918,844
17,907,157
45,076,576
10,117,188
17,256,061
17,703,327
4,319,088
571,311,725
5,210,870
44,749,690
492,267,898
29,083,267
620,707,389
50,143,570
14,540,306
22,805,341
115,057,090
397,736,446
28,552,722
19,791,080
377,945,366
19,926,915
20,288,801
55,914,736
11,128,907
21,167,954
23,617,875
11,403,627
573,103,548
5,166,361
37,168,277
503,831,672
26,937,238
640,421,911
61,562,141
14,049,990
23,162,130
137,734,578
390,493,953
40,065,237
28,414,357
362,079,596
23,734,082
18,099,394
63,919,969
12,241,798
24,101,838
27,576,333
11,214,211
651,288,371
5,074,700
47,631,814
567,611,258
30,970,599
726,422,551
67,667,226
26,430,928
11,934,778
231,717,214
376,480,024
51,144,170
34,969,612
341,510,412
24,684,566
22,477,427
73,945,411
12,241,798
27,495,959
34,207,654
11,975,235
721,284,142
5,879,043
50,845,877
633,889,416
30,669,806
807,204,788
86,502,444
19,225,488
9,536,211
301,106,877
382,115,775
39,967,562
40,976,256
341,139,519
25,722,481
23,971,768
41,045,543
16,936,187
24,109,356
6,422,046
17,687,310
8,992,351
13,674,688
13,420,977
13,004,973
12,429,853
52,763,249
24,247,281
28,515,968
7,753,688
20,762,280
11,199,152
17,780,935
16,679,968
14,052,051
8,445,251
61,745,462
28,323,272
33,422,190
12,879,215
20,542,975
12,070,500
18,911,237
17,803,338
14,392,181
9,487,952
60,046,011
25,207,785
34,838,226
8,150,258
26,687,968
10,584,485
19,861,194
19,137,857
17,688,623
11,020,925
71,374,143
31,339,401
40,034,742
7,293,828
32,740,914
13,228,036
22,078,608
21,232,844
23,633,636
14,887,113
809,375
0.30%
0.25%
49,886,356
423,297,850
1,011,718
25.00%
10.00%
1,025,033
48,668,314
1,112,891
25.00%
10.00%
27,084,242
450,962,490
1,224,180
0.50%
0.00%
105,607,607
269,878,986
1,224,180
0.75%
0.00%
103,753,446
261,653,953
58.74%
4.55%
0.37
2.34%
1.70%
3.34%
41.26%
1.03
27.33%
1.49
15.36
54.05%
4.59%
0.19
1.36%
1.80%
3.34%
45.95%
1.19
27.80%
1.49
8.35
54.13%
5.22%
0.17
1.48%
1.88%
3.21%
45.87%
1.24
25.62%
1.47
8.53
58.02%
4.80%
0.17
1.52%
1.46%
3.67%
41.98%
1.08
28.12%
1.81
9.00
56.09%
4.96%
0.20
1.84%
1.64%
4.06%
43.91%
0.90
26.10%
1.61
12.16
11.64%
21.80%
55.32%
75.74%
92.00%
73.38%
63.97%
10.42%
18.54%
60.89%
79.31%
92.04%
80.80%
74.06%
11.81%
21.51%
56.54%
78.67%
89.49%
77.50%
72.18%
12.95%
31.90%
47.01%
78.14%
89.66%
66.33%
61.19%
13.10%
37.30%
42.26%
78.53%
89.36%
60.28%
55.80%
7.47%
7.18%
64.72%
474.99%
6.14%
63.34%
39.18%
69.31%
10.26%
7.28%
71.65%
45.33%
70.92%
13.58%
9.29%
80.01%
23.31%
68.37%
10.46%
10.72%
54.05%
17.80%
102.52%
6.41%
12.45
42.02
11.81
7.26%
1.08
44.55
10.92
8.73%
8.07
50.24
9.01
8.80%
4.22
52.21
8.88
9.16%
3.54
60.40
8.57
4.01
0.12
2.85
9.58
6.97

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

57
Specialized Banks - Overall

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
(9,964,857)
14,849,470
1,886,642
(26,700,969)
3,045,550
133,987,153
497,582
87,339,121
14,320,029
31,830,421
127,067,846
3,363,036
17,720,977
1,883,944
15,826,210
94,973,890
31,305,432
22,332,219
72,641,671
3,710,874
11,921,134
(7,631,049)
15,506,103
2,438,371
(25,575,523)
3,494,010
134,345,948
755,721
83,318,134
13,883,492
36,388,601
130,208,909
2,840,235
18,315,949
700,000
12,046,115
101,188,798
22,710,747
21,074,895
80,113,903
5,106,662
11,086,045
(8,401,902)
15,506,595
2,474,080
(26,382,577)
3,667,038
134,175,343
750,837
83,291,453
13,993,545
36,139,508
129,440,479
2,732,123
18,153,423
514,714
11,287,064
101,603,284
29,549,247
20,845,933
80,757,351
5,092,505
10,903,299
(2,357,651)
15,507,008
5,667,412
(23,532,071)
4,112,638
142,867,257
382,039
80,411,173
19,388,626
42,685,419
144,622,244
3,938,119
12,711,768
108,802
14,337,679
114,863,661
32,828,790
20,875,323
93,988,338
5,088,581
14,448,957
3,400,433
15,507,532
9,401,686
(21,508,785)
4,722,128
141,606,250
424,070
77,927,198
17,679,270
45,575,712
149,728,811
3,877,585
13,369,905
875,567
19,444,243
114,608,118
34,587,578
20,393,167
94,214,951
5,098,297
12,848,263
9,690,208
4,994,988
4,695,220
4,569,978
1,199,164
6,257,647
5,740,669
5,842,387
1,575,373
883,295
10,686,103
5,110,072
5,576,031
1,333,576
3,031,251
6,363,253
6,819,291
5,844,945
4,161,233
2,322,667
10,961,387
6,273,993
4,687,354
1,823,956
2,863,438
6,310,426
6,912,356
6,616,341
3,131,648
1,731,787
11,382,350
5,617,663
5,814,687
1,756,218
4,188,997
4,967,514
6,693,127
6,684,865
2,463,384
1,482,473
12,186,304
5,200,549
7,558,555
853,140
6,474,415
3,394,097
6,302,529
6,125,243
3,572,001
2,435,519
1,432,084
1,511,536
1,511,541
1,497,415
1,497,421
N/A
N/A
4,550,941
10,453,817
N/A
N/A
(2,141,072)
23,033,910
N/A
N/A
(34,771)
26,032,331
N/A
N/A
(220,985)
15,407,849
N/A
N/A
2,177,250
14,728,671
48.45%
3.70%
-0.09
0.70%
4.92%
0.94%
51.55%
3.71
36.00%
0.93
0.62
52.18%
4.28%
-0.30
1.78%
4.89%
2.33%
47.82%
1.40
40.00%
0.92
1.54
42.76%
3.62%
-0.21
1.34%
4.88%
2.21%
57.24%
2.11
40.02%
1.05
1.15
51.09%
3.99%
-0.63
1.03%
3.43%
2.90%
49.35%
2.71
40.94%
1.35
0.99
62.02%
4.67%
0.72
1.63%
2.27%
4.32%
42.68%
1.71
40.45%
1.80
1.63
16.59%
12.45%
57.17%
11.27%
105.45%
663.22%
93.42%
16.25%
9.25%
61.53%
10.66%
103.18%
728.84%
104.10%
16.14%
8.72%
62.39%
10.81%
103.66%
726.07%
104.44%
11.51%
9.91%
64.99%
13.41%
98.79%
592.43%
115.09%
11.52%
12.99%
62.92%
11.81%
94.58%
648.26%
119.87%
32.96%
22.44%
-314.16%
20.46%
71.34%
-297.61%
6.33%
92.80%
29.08%
20.52%
-351.70%
8.75%
70.55%
28.58%
18.17%
-1,392.44%
8.41%
63.59%
30.18%
17.79%
1,017.15%
4.18%
58.96%
-7.84%
-1.05
-6.96
-1.44
-5.86%
-3.02
-5.05
-1.82
-6.49%
-3.10
-5.56
-1.67
-1.63%
-6.54
-1.57
-8.22
2.27%
4.33
2.27
5.20
5.15
-0.92
-0.02
-0.15
0.89

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

58
INDUSTRIAL DEV. BANK OF PAKISTAN

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
(28,071,247)
157,000
750,548
(28,978,795)
(48,313)
37,544,275
24,761
22,681,908
6,110,553
8,727,053
9,424,715
257,632
26,918
1,625,000
4,705,838
7,217,511
5,636,648
6,017,014
1,200,497
127,711
1,481,119
(27,942,705)
157,000
750,548
(28,850,253)
(252,683)
35,440,978
29,471
22,542,821
4,637,119
8,231,567
7,245,590
212,428
30,513
600,000
4,036,610
6,492,401
0
6,367,623
124,778
125,120
2,116,141
(27,804,610)
157,000
750,548
(28,712,158)
(365,817)
33,978,550
38,612
22,305,318
3,796,797
7,837,823
5,808,123
183,885
50,313
481,269
3,178,546
6,411,877
6,283,508
6,269,695
142,182
120,568
1,651,360
(27,709,145)
157,000
750,548
(28,616,693)
(254,642)
33,121,740
13,717
22,466,356
3,313,563
7,328,104
5,157,953
150,299
64,681
108,802
3,015,974
6,266,499
6,158,107
6,158,107
108,392
123,390
1,586,415
(27,673,517)
157,000
750,548
(28,581,065)
(227,663)
33,045,645
20,096
22,553,874
3,274,523
7,197,152
5,144,465
137,589
59,750
75,567
2,864,998
6,294,331
6,226,954
6,192,209
102,122
59,364
1,845,075
552,443
649,811
(97,368)
399,436
302,068
114,896
812,651
987,141
(395,687)
(398,342)
441,814
616,701
(174,887)
(605,602)
(780,489)
160,487
793,010
158,076
173,008
128,542
404,055
689,973
(285,958)
(159,224)
(126,694)
422,828
155,888
180,890
140,246
138,095
284,378
587,511
(253,133)
65,264
(187,869)
477,293
192,004
196,798
97,420
95,465
300,466
586,866
286,400
96,224
(190,176)
223,134
35,967
187,125
3,009
35,628
1,570
0.00%
0.00%
(528,738)
199,336
15,700
0.00%
0.00%
(549,050)
139,219
15,700
0.00%
0.00%
(756,259)
145,208
1,570
0.00%
0.00%
(280,827)
141,970
1,570
0.00%
0.00%
(255,917)
142,059
-17.62%
-1.03%
0.01
-4.23%
1.22%
3.21%
117.62%
-2.49
121.77%
8.59
-253.72
-39.58%
-2.41%
0.00
1.77%
2.21%
-10.77%
139.58%
0.91
131.66%
0.98
8.19
-70.77%
-4.92%
0.00
2.38%
7.28%
-2.18%
170.76%
1.29
18.85%
0.43
8.80
-89.01%
-5.88%
0.00
1.85%
9.25%
-3.64%
206.60%
2.02
25.21%
0.41
60.81
95.32%
-5.57%
0.00
0.69%
4.34%
-3.70%
195.32%
62.19
6.87%
0.84
22.69
3.02%
49.93%
12.74%
64.84%
398.36%
118.12%
25.07%
3.35%
55.71%
1.72%
64.00%
489.14%
140.01%
23.89%
4.03%
54.73%
2.45%
65.37%
585.02%
168.88%
24.56%
4.17%
58.47%
2.10%
64.24%
642.15%
189.12%
24.31%
3.84%
55.69%
1.99%
63.65%
642.35%
192.22%
24.37%
78.10%
0.00%
98.00%
-20.08%
6.64%
106.75%
0.00%
-9.51%
-22.60%
-2.54%
99.78%
98.27%
98.27%
-22.22%
1.06%
100.00%
98.93%
98.38%
-22.50%
1.55%
99.44%
-297.85%
-0.01
-17,879.78
-0.22
-385.65%
0.00
-1,779.79
-0.17
-478.72%
-0.01
-1,770.99
-0.14
-537.21%
-0.01
-17,649.14
-0.12
-537.93%
-0.01
-17,626.44
-0.12
1.33
-4.27
-5.48
-2.94
-7.18

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

59
SME BANK LTD.

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,889,281
2,392,507
199,356
297,418
(80,674)
3,775,151
40,441
1,400,000
1,879,587
455,123
6,583,758
286,705
52,980
258,944
3,058,130
7,762,218
5,706,118
5,643,871
2,118,347
144,589
664,063
2,356,333
2,392,507
199,356
(235,530)
(401,844)
3,802,521
37,686
1,518,100
1,892,018
354,717
5,757,010
200,112
49,751
100,000
2,545,053
7,942,929
5,496,498
5,416,607
2,526,322
124,546
211,226
2,426,535
2,392,507
235,636
(201,608)
(69,984)
5,192,070
54,542
1,728,922
2,934,403
474,203
7,548,621
213,861
79,660
33,445
2,701,816
9,243,470
6,166,877
5,285,573
3,957,897
122,462
439,480
2,184,805
2,392,507
234,660
(442,362)
(61,157)
4,508,821
40,505
1,437,604
2,651,948
378,764
6,632,469
228,062
20,912
0
2,680,334
8,744,596
5,995,141
5,436,997
3,307,599
132,586
262,976
1,976,571
2,392,507
234,660
(650,596)
21,753
5,758,864
183,863
2,171,669
2,999,192
404,140
7,757,188
214,655
9,865
800,000
3,027,667
8,655,771
5,937,822
5,306,693
3,349,078
135,321
220,602
875,560
379,956
495,604
137,525
633,129
40,338
521,373
526,464
41,691
110,403
774,797
385,379
389,418
11,368
378,050
58,647
568,691
570,101
(131,994)
(532,948)
879,072
523,653
355,419
58,921
296,498
21,478
1,216,276
1,236,080
(28,160)
(33,894)
647,521
350,732
296,789
166,780
130,009
62,287
529,348
517,111
(337,052)
(297,652)
728,192
432,919
295,273
74,676
369,949
26,738
613,257
608,610
(216,570)
(225,031)
239,250
0.00%
0.00%
(780,948)
2,479,894
239,251
0.00%
0.00%
550,566
2,550,866
239,251
0.00%
0.00%
(539,136)
2,988,550
239,251
0.00%
0.00%
(4,386)
3,658,819
239,251
0.00%
0.00%
490,316
3,658,819
56.60%
7.53%
0.04
1.68%
0.61%
9.62%
43.40%
12.63
56.92%
13.05
0.46
50.26%
6.76%
-0.23
-9.26%
1.02%
6.57%
49.74%
-4.32
68.23%
9.72
-2.23
40.43%
4.71%
-0.01
-0.45%
0.28%
3.93%
59.57%
-43.89
135.06%
57.55
-0.14
45.83%
4.47%
-0.14
-4.49%
0.94%
1.96%
54.17%
-1.53
74.58%
8.30
-1.24
40.55%
3.81%
-0.11
-2.90%
0.34%
4.77%
59.45%
-2.81
81.23%
22.76
-0.94
5.16%
46.45%
32.18%
28.55%
57.34%
412.97%
236.68%
4.34%
44.21%
43.88%
32.86%
66.05%
419.81%
232.92%
3.89%
35.79%
52.43%
38.87%
68.78%
315.00%
198.22%
3.75%
40.41%
49.87%
39.98%
67.98%
329.74%
213.83%
2.89%
39.03%
43.17%
38.66%
74.24%
288.60%
167.40%
73.51%
69.20%
197.49%
2.44%
98.91%
233.26%
0.21%
98.55%
66.72%
57.18%
254.14%
1.11%
85.71%
68.56%
62.18%
274.40%
3.07%
90.69%
68.60%
61.31%
300.41%
1.41%
89.37%
43.88%
0.86
12.08
0.65
40.93%
1.08
9.85
0.80
32.15%
1.23
10.14
1.21
32.94%
1.67
9.13
1.21
25.48%
1.85
8.26
1.52
-7.07
-1.03
15.91
0.01
-2.18

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

60
THE PUNJAB PROVINCIAL COOPERATIVE BANK LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
934,954
430,351
370,827
133,776
2,489,021
14,232,922
39,654
12,000,000
2,007,645
185,623
17,656,897
715,017
5,586,775
0
558,009
9,453,735
3,254,376
1,443,914
8,009,821
2,571,139
216,136
1,066,511
434,155
402,298
230,058
3,654,089
10,113,896
75,186
8,000,000
1,929,185
109,525
14,834,496
695,200
2,230,225
0
508,762
8,983,220
4,228,634
1,443,914
7,539,306
3,712,774
148,229
87,361
434,647
401,727
(749,013)
3,608,391
10,016,170
44,305
8,000,000
1,837,175
134,690
13,711,922
601,882
2,017,990
0
451,012
8,177,689
4,113,247
1,443,914
6,733,775
3,705,253
202,010
2,304,214
435,060
2,797,793
(928,639)
3,586,269
9,355,390
21,777
5,250,000
3,820,343
263,270
15,245,873
814,147
1,709,436
0
799,673
7,385,647
3,430,614
1,605,894
5,779,753
3,700,872
2,441,992
6,089,755
435,584
6,103,037
(448,866)
3,614,195
4,655,248
11,994
1,944,442
2,443,098
255,714
14,359,198
468,879
2,123,846
0
1,503,620
7,625,939
2,498,221
1,605,894
6,020,045
3,736,445
506,363
1,228,805
547,198
681,607
375,366
306,241
374,777
550,754
550,203
130,264
129,783
984,869
618,581
366,288
3,551
362,737
355,393
596,544
596,293
121,586
120,416
1,193,637
1,570,956
(377,319)
0
(377,319)
77,394
679,146
678,896
(979,071)
(979,071)
1,553,750
965,655
588,095
158,452
429,643
76,830
681,299
680,681
(174,826)
(179,626)
1,647,318
386,027
1,261,291
0
1,261,291
73,906
826,794
826,662
508,403
479,773
4,303
0.00%
0.00%
(939,551)
30,198
4,342
0.00%
0.00%
(3,725,168)
9,031,919
4,346
0.00%
0.00%
(321,956)
11,586,667
4,351
0.00%
0.00%
(2,135,260)
241,483
4,356
0.00%
0.00%
(2,529,962)
392,711
55.47%
3.86%
0.14
0.74%
2.12%
1.73%
44.53%
4.22
34.35%
1.47
30.16
37.19%
2.47%
0.11
0.81%
2.40%
2.45%
62.81%
4.90
44.51%
1.68
27.74
-31.61%
-2.75%
-11.21
-7.14%
0.56%
-2.75%
131.61%
-0.69
53.43%
8.77
-225.26
37.85%
3.86%
-0.08
-1.18%
0.50%
2.82%
62.15%
-3.89
41.78%
8.86
-41.29
76.57%
8.78%
0.08
3.34%
0.51%
8.78%
23.43%
1.63
48.04%
11.19
110.14
35.69%
3.16%
45.36%
11.37%
80.61%
470.89%
67.49%
19.72%
3.43%
50.82%
13.00%
68.18%
465.65%
90.47%
19.11%
3.29%
49.11%
13.40%
73.05%
445.12%
83.13%
16.55%
5.25%
37.91%
25.06%
61.36%
193.32%
81.43%
18.06%
10.47%
41.92%
17.01%
32.42%
312.14%
173.81%
34.42%
47.07%
50.30%
348.08%
26.00%
44.37%
396.49%
0.25%
34.15%
4,708.33%
0.00%
35.10%
46.45%
21.74%
148.88%
9.87%
46.81%
32.76%
21.06%
41.02%
0.00%
64.28%
5.30%
0.03
217.28
2.15
7.19%
8.47
245.65
1.81
0.64%
132.63
20.10
21.03
15.11%
0.10
529.63
1.66
42.41%
0.06
1,398.07
0.40
-7.24
-30.94
0.33
11.89
-5.27

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

61
ZARAI TARAQIATI BANK LTD. (ZTBL)

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
14,282,155
11,869,612
565,911
1,846,632
685,516
78,434,805
392,726
51,257,213
4,322,244
22,462,622
93,402,476
2,103,682
12,054,304
0
7,504,233
70,540,426
16,708,290
9,227,420
61,313,006
867,435
9,559,816
16,888,812
12,522,441
1,086,169
3,280,202
494,448
84,988,553
613,378
51,257,213
5,425,170
27,692,792
102,371,813
1,732,495
16,005,460
0
4,955,690
77,770,248
12,985,615
7,846,751
69,923,497
1,144,222
8,610,449
16,888,812
12,522,441
1,086,169
3,280,202
494,448
84,988,553
613,378
51,257,213
5,425,170
27,692,792
102,371,813
1,732,495
16,005,460
0
4,955,690
77,770,248
12,985,615
7,846,751
69,923,497
1,144,222
8,610,449
20,862,475
12,522,441
1,884,411
6,455,623
842,168
95,881,306
306,040
51,257,213
9,602,772
34,715,281
117,585,949
2,745,611
10,916,739
0
7,841,698
92,466,919
17,244,928
7,674,325
84,792,594
1,131,733
10,157,574
23,007,624
12,522,441
2,313,441
8,171,742
1,313,843
98,146,493
208,117
51,257,213
8,962,457
37,718,706
122,467,960
3,056,462
11,176,444
0
12,047,958
92,032,077
19,924,581
7,288,371
84,743,706
1,167,167
10,276,223
7,033,400
3,418,023
3,615,377
3,657,651
(42,274)
5,727,636
3,855,891
3,778,579
1,799,105
1,041,451
8,484,623
3,489,411
4,995,212
1,924,259
3,070,953
5,788,726
4,861,046
4,520,475
3,998,633
2,606,657
8,484,623
3,489,411
4,995,212
1,924,259
3,070,953
5,788,726
4,861,046
4,520,475
3,998,633
2,606,657
8,896,701
3,713,765
5,182,936
1,365,722
3,817,214
4,351,104
5,290,476
5,290,275
2,877,842
1,864,286
9,510,328
3,794,737
5,715,591
682,240
5,033,351
3,070,319
4,826,511
4,502,846
3,277,159
2,145,149
1,186,961
0.00%
0.00%
6,800,178
7,744,389
1,252,244
0.00%
0.00%
1,582,580
11,311,906
1,252,244
0.00%
0.00%
1,582,580
11,311,906
1,252,244
0.00%
0.00%
2,199,488
11,365,577
1,252,244
0.00%
0.00%
4,472,813
10,535,082
51.40%
3.87%
0.07
1.12%
6.13%
-0.05%
48.60%
2.10
30.22%
0.66
0.88
58.87%
4.88%
0.15
2.55%
5.65%
3.00%
41.13%
1.13
34.06%
0.78
2.08
58.87%
4.88%
0.15
2.55%
5.65%
3.00%
41.13%
1.13
34.06%
0.78
2.08
58.26%
4.41%
0.09
1.59%
3.70%
3.25%
41.74%
1.84
39.93%
1.22
1.49
60.10%
4.67%
0.09
1.75%
2.51%
4.11%
39.90%
1.37
38.36%
1.47
1.71
15.16%
8.03%
65.64%
4.63%
83.98%
1,632.03%
126.92%
17.33%
4.84%
68.30%
5.30%
83.02%
1,433.51%
137.20%
17.33%
4.84%
68.30%
5.30%
83.02%
1,433.51%
137.20%
11.62%
6.67%
72.11%
8.17%
81.54%
962.92%
151.93%
11.62%
9.84%
69.20%
7.32%
80.14%
1,026.86%
152.83%
23.69%
16.70%
16.70%
116.99%
39.64%
55.23%
76.89%
24.52%
60.43%
76.89%
24.52%
60.43%
18.65%
8.30%
82.66%
17.80%
44.50%
21.65%
7.92%
86.60%
9.36%
36.58%
15.29%
0.54
12.03
0.30
16.50%
0.67
13.49
0.32
16.50%
0.67
13.49
0.32
17.74%
0.54
16.66
0.46
18.79%
0.46
18.37
0.39
6.53
0.61
0.61
1.18
2.09

E.Other items
2.Cash dividend

G.Liquidity ratios



J.Cash flow ratio

62
Foreign Banks - Overall

Items
1.Head office capital account
2.Reserves
3.Unremitted profit
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
19,419,964
17,085,491
0
2,334,473
(59,198)
153,332,311
3,746,900
19,465,228
117,101,206
13,018,977
172,693,077
23,923,775
5,297,596
16,408,831
26,427,145
90,666,390
1,177,223
2,211,458
88,454,932
1,967,593
10,213,205
34,504,276
32,130,320
75,785
2,298,171
(532,853)
200,590,252
4,423,404
17,346,929
147,938,165
30,881,754
234,561,675
34,935,292
18,369,224
29,913,984
22,592,924
104,440,711
3,136,262
2,519,229
101,921,482
3,697,504
23,131,265
35,848,774
34,884,218
92,715
871,841
(109,477)
205,297,310
3,597,659
16,730,580
160,936,430
24,032,641
241,036,607
34,793,226
16,269,846
32,117,954
52,372,610
95,113,870
6,390,991
4,788,386
90,325,484
3,589,490
11,567,997
34,798,653
33,990,807
125,573
682,273
(290,802)
198,745,518
5,563,282
15,425,137
156,330,793
21,426,306
233,253,369
32,794,541
4,071,743
36,480,166
79,809,697
71,494,989
9,092,759
5,866,992
65,627,997
2,223,119
12,246,106
42,686,834
38,719,753
149,286
3,817,795
(156,810)
212,744,960
3,985,328
21,464,351
167,870,827
19,424,454
255,274,984
38,476,243
4,428,638
18,354,071
113,381,404
73,215,564
7,600,522
6,803,909
66,411,655
2,176,487
12,046,486
15,246,222
8,144,883
7,101,339
2,739,112
4,362,227
4,922,361
6,776,950
5,854,906
2,507,638
1,759,748
18,232,589
9,098,668
9,133,921
4,568,218
4,609,161
5,772,095
10,374,744
10,318,250
6,512
650,623
22,263,026
12,197,135
10,065,891
4,727,009
5,340,538
5,608,678
12,054,031
11,898,100
(850,572)
(809,378)
20,412,048
5,093,661
9,890,805
2,621,491
7,313,652
4,838,183
9,536,841
9,360,937
2,046,648
959,711
24,027,713
12,183,100
11,844,613
1,346,793
10,540,008
4,551,421
9,730,146
9,633,773
5,600,422
3,660,658
(834,422)
512,987,891
32,730,565
400,482,828
26,615,972
389,092,022
12,685,046
445,240,807
28,223,861
456,416,758
46.58%
4.11%
9.06%
1.02%
2.85%
2.53%
53.42%
2.33
33.60%
1.19
50.10%
3.89%
1.89%
0.28%
2.46%
1.97%
49.90%
1,584.50
43.22%
1.79
45.21%
4.18%
-2.26%
-0.34%
2.33%
2.22%
54.79%
-13.99
43.25%
2.12
48.46%
6.57%
2.76%
0.41%
2.07%
3.14%
24.95%
4.57
37.77%
1.93
49.30%
4.64%
8.58%
1.43%
1.78%
4.13%
50.70%
1.72
34.05%
2.12
16.92%
15.30%
51.22%
67.81%
88.79%
77.43%
66.39%
22.73%
9.63%
43.45%
63.07%
85.52%
70.60%
63.19%
21.18%
21.73%
37.47%
66.77%
85.17%
59.10%
53.53%
15.81%
34.22%
28.14%
67.02%
85.21%
45.73%
41.63%
16.81%
44.42%
26.02%
65.76%
83.34%
43.61%
38.67%
1.30%
2.44%
6.06%
123.86%
187.85%
3.00%
2.41%
9.09%
181.33%
80.33%
6.72%
5.03%
17.83%
98.72%
74.92%
12.72%
8.21%
26.13%
44.68%
64.52%
10.38%
9.29%
17.81%
19.79%
89.52%
11.25%
26.42
6.03
14.71%
11.61
4.29
14.87%
10.85
4.49
14.92%
12.79
4.49
16.72%
10.69
3.93
-0.47
50.31
13.22
7.71

E.Other items
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios

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)

I.Capital/leverage ratios
J.Cash flow ratio

63
-32.88
BARCLAYS BANK PLC

Items
2.Reserves
3.Unremitted profit
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
6,330,486
7,139,900
0
(809,414)
1,507
18,272,040
256,590
2,476,155
14,557,453
981,842
24,604,033
1,609,550
392,032
1,485,808
9,332,849
9,713,315
0
33,841
9,679,474
1,381,260
723,060
6,840,022
9,320,564
0
(2,480,542)
5,578
35,697,127
317,339
2,988,707
29,920,456
2,470,625
42,542,727
2,434,134
1,517,901
5,857,743
11,625,172
18,228,753
931,048
194,968
18,033,785
1,451,343
1,622,649
6,476,901
9,756,756
0
(3,279,855)
(8,849)
41,812,643
402,249
7,193,234
32,301,878
1,915,282
48,280,695
2,912,164
2,189,397
1,646,369
21,014,371
17,897,052
612,471
460,193
17,436,859
928,091
2,153,444
6,921,917
9,756,756
0
(2,834,839)
2,242
51,099,611
573,408
4,437,328
44,664,909
1,423,966
58,023,770
3,725,801
2,649,904
4,038,234
23,791,214
21,506,942
644,049
508,545
20,998,397
802,563
2,017,657
832,665
335,338
497,327
33,841
463,486
28,515
1,700,415
1,700,315
(1,208,414)
(809,414)
3,336,395
2,000,062
1,336,333
161,127
1,175,206
72,953
3,976,964
3,975,517
(2,343,683)
(1,671,128)
4,391,663
2,756,649
1,635,014
268,149
1,366,865
359,985
2,486,406
2,484,133
(1,224,843)
(799,313)
5,517,128
3,507,884
2,009,244
50,886
1,958,358
517,865
2,061,999
2,024,219
653,363
445,016
5,675,244
2,475,663
2,554,422
8,426,357
10,264,246
9,490,085
4,181,079
21,707,157

E.Other items

59.73%
2.02%
-12.79%
-3.29%
0.12%
1.88%
40.27%
-1.41
197.45%
59.63
40.05%
3.14%
-24.43%
-3.93%
0.17%
2.76%
59.95%
-1.70
116.65%
54.49
37.23%
3.39%
-12.34%
-1.66%
0.75%
2.83%
62.77%
-2.03
52.33%
6.90
36.42%
3.46%
6.43%
0.77%
0.89%
3.38%
63.58%
3.10
34.17%
3.91
8.14%
37.93%
39.34%
59.17%
74.26%
66.72%
57.02%
9.29%
27.33%
42.39%
70.33%
83.91%
60.92%
55.39%
10.57%
43.53%
36.12%
66.90%
86.60%
55.41%
45.31%
10.99%
41.00%
36.19%
76.98%
88.07%
48.15%
43.80%
0.00%
0.35%
0.00%
100.00%
5.11%
1.07%
13.61%
82.64%
20.94%
3.42%
2.57%
9.46%
58.27%
75.14%
2.99%
2.36%
9.30%
10.01%
78.96%
25.73%
0.39
2.30
16.08%
1.23
4.37
13.42%
1.47
4.99
11.93%
3.14
6.45
-7.01
-1.53
-12.84
G.Liquidity ratios

J.Cash flow ratio

64
9.40
CITI BANK N. A.
Items
2.Reserves
3.Unremitted profit
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
6,379,282
5,443,260
0
936,022
(53,371)
86,142,940
2,120,612
5,977,312
68,627,815
9,417,201
92,468,851
7,799,117
192,370
4,530,449
21,276,196
50,912,294
1,044,729
1,844,083
49,068,211
1,420,645
8,181,863
9,507,730
7,742,345
75,785
1,689,600
(494,658)
92,638,755
1,660,227
3,152,988
65,484,768
22,340,772
101,651,827
10,583,830
7,358,861
14,166,060
9,194,307
43,635,814
1,955,724
1,779,065
41,856,749
1,474,167
17,017,853
8,652,136
6,780,848
92,715
1,778,573
(126,721)
81,255,385
1,654,759
5,561,411
58,147,204
15,892,011
89,780,800
7,706,034
2,735,953
10,155,661
33,122,217
31,204,853
3,158,076
2,959,824
28,245,029
1,266,456
6,549,450
9,139,755
6,812,671
125,573
2,201,511
(274,283)
88,488,440
1,164,263
4,342,038
68,304,814
14,677,325
97,353,912
7,001,789
1,396,604
11,410,316
50,236,317
23,731,204
4,309,629
4,486,991
19,244,213
865,640
7,199,033
10,919,505
6,812,671
149,286
3,957,548
(153,137)
86,136,429
2,028,623
11,231,101
61,678,515
11,198,190
96,902,797
6,990,879
1,149,455
1,339,057
60,399,022
24,278,087
5,506,335
5,457,684
18,820,403
634,699
7,569,282
10,553,668
5,071,332
5,482,336
2,655,460
2,826,876
3,133,824
4,757,786
4,735,163
1,202,914
896,449
9,943,656
4,144,702
5,798,954
4,058,001
1,740,953
3,546,047
5,168,151
5,127,991
118,849
800,362
9,983,377
4,720,788
5,262,589
3,285,903
1,976,686
2,449,934
4,124,032
3,987,382
302,588
88,973
9,373,975
4,241,090
5,132,885
1,942,347
3,190,538
2,053,698
4,047,233
3,879,891
1,197,003
422,938
10,279,671
4,580,040
5,699,631
1,171,851
4,527,780
2,049,204
4,053,148
4,002,884
2,523,836
1,756,037
(2,780,477)
194,203,394
(1,086,131)
255,409,196
17,837,265
287,394,471
1,562,704
307,209,267
1,320,908
273,951,876
51.95%
5.93%
14.05%
0.97%
3.39%
3.06%
48.05%
3.94
34.76%
1.51
58.32%
5.70%
8.42%
0.79%
3.49%
1.71%
41.68%
43.15
38.31%
1.45
52.71%
5.86%
1.03%
0.10%
2.73%
2.20%
47.29%
13.18
33.17%
1.63
54.76%
5.27%
4.63%
0.43%
2.11%
3.28%
45.24%
3.24
35.42%
1.89
55.45%
5.88%
16.08%
1.81%
2.11%
4.67%
44.55%
1.59
32.88%
1.95
8.64%
23.01%
53.06%
74.22%
93.16%
74.19%
68.24%
17.65%
9.04%
41.18%
64.42%
91.13%
66.64%
63.57%
11.63%
36.89%
31.46%
64.77%
90.50%
53.67%
48.98%
8.63%
51.60%
19.77%
70.16%
90.89%
34.74%
32.67%
8.40%
62.33%
19.42%
63.65%
88.89%
39.36%
33.30%
2.05%
3.62%
16.38%
144.00%
176.51%
4.48%
4.08%
20.57%
228.10%
90.97%
10.12%
9.49%
36.50%
111.02%
93.72%
18.16%
18.91%
47.15%
43.29%
104.12%
22.68%
22.48%
50.43%
21.47%
99.12%
6.90%
30.44
10.76
9.35%
26.86
6.89
9.64%
33.22
6.72
9.39%
33.61
7.47
11.27%
25.09
5.65
-3.10
-1.36
200.48
3.69
0.75

E.Other items

G.Liquidity ratios

J.Cash flow ratio

65
DEUTSCHE BANK AG
Items
2.Reserves
3.Unremitted profit
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
3,556,772
2,853,853
0
702,919
(3,658)
14,032,377
625,398
6,971,367
5,128,591
1,307,021
17,585,491
3,522,250
127,489
4,924,319
3,695,931
4,715,413
0
16,162
4,699,251
107,229
509,022
4,634,445
3,600,702
0
1,033,743
(232)
17,095,525
1,683,524
532,521
10,317,214
4,562,266
21,729,738
4,754,734
1,628,093
5,309,670
999,390
6,374,949
312,566
40,343
6,334,606
130,225
2,573,020
5,169,257
3,877,033
0
1,292,224
(34)
10,013,789
217,050
1,063,547
6,005,209
2,727,983
15,183,012
4,764,709
128,632
5,350,170
490,909
3,838,528
381,517
381,517
3,457,011
120,382
871,199
5,274,418
3,667,876
0
1,606,542
(321)
12,160,786
2,640,728
443,891
6,065,947
3,010,220
17,434,883
4,722,669
37,134
6,223,146
2,046,309
3,665,213
3,245,948
419,265
3,245,948
110,230
1,049,447
6,047,337
3,724,146
0
2,323,191
(11,538)
16,205,772
238,907
1,523,062
11,118,869
3,324,934
22,241,571
4,590,065
38,505
7,640,386
5,587,411
3,387,183
376,923
400,165
2,987,018
199,014
1,199,172
679,115
382,592
296,523
8,464
288,059
1,062,244
574,011
572,659
776,292
504,294
1,041,031
400,017
641,014
48,069
592,945
1,053,202
815,012
813,878
831,135
534,135
1,111,138
242,280
868,858
354,287
514,571
1,599,341
871,160
863,450
1,242,752
805,218
1,065,750
324,744
741,006
25,263
715,743
1,221,476
653,051
653,431
1,284,168
834,293
1,679,978
556,558
1,123,420
21,094
1,144,514
725,355
766,074
759,389
1,103,795
708,236
2,714,933
248,140,110
(266,446)
98,796,853
(1,742,550)
41,259,232
2,084,285
66,714,952
3,503,275
101,411,632
43.66%
1.69%
14.18%
2.87%
6.04%
1.64%
56.34%
0.74
32.96%
0.54
61.57%
2.95%
11.53%
2.46%
4.85%
2.73%
38.43%
0.98
38.92%
0.77
78.20%
5.72%
15.58%
5.30%
10.53%
3.39%
21.80%
0.69
32.14%
0.54
69.53%
4.25%
15.82%
4.79%
7.01%
4.11%
30.47%
0.51
28.55%
0.53
66.87%
5.05%
11.71%
3.18%
3.26%
5.15%
33.13%
0.69
31.85%
1.05
20.75%
21.02%
26.72%
29.16%
79.80%
91.94%
38.97%
29.37%
4.60%
29.15%
47.48%
78.67%
61.79%
58.76%
32.23%
3.23%
22.77%
39.55%
65.95%
63.92%
54.30%
27.30%
11.74%
18.62%
34.79%
69.75%
60.42%
56.30%
20.81%
25.12%
13.43%
49.99%
72.86%
30.46%
26.79%
0.00%
0.34%
0.00%
52.37%
4.90%
0.63%
6.74%
119.15%
12.91%
9.94%
9.94%
7.38%
92.86%
100.00%
88.56%
11.44%
61.54%
6.03%
12.92%
11.13%
11.81%
6.23%
5.27%
106.17%
20.23%
69.77
1.44
21.33%
21.32
2.23
34.05%
7.98
1.16
30.25%
12.65
1.15
27.19%
16.77
1.84
5.38
-0.50
-2.16
2.50
4.95

E.Other items

G.Liquidity ratios

J.Cash flow ratio

66
HSBC BANK MIDDLE EAST LIMITED

Items
2.Reserves
3.Unremitted profit
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,549,518
2,078,119
0
471,399
(389)
29,837,117
745,760
3,032,738
25,401,388
657,231
32,386,246
4,254,003
793,028
6,754,063
301,193
19,353,303
76,589
92,989
19,260,314
308,114
715,531
4,962,015
4,339,547
0
622,468
(5,034)
43,916,081
587,298
4,770,659
37,005,085
1,553,039
48,873,062
7,577,335
4,266,775
7,354,749
1,941,950
25,591,220
223,085
288,253
25,302,967
509,574
1,919,712
5,511,880
4,619,535
0
892,345
(1,002)
46,223,063
989,256
3,073,493
40,796,993
1,363,321
51,733,941
8,411,801
4,035,306
8,698,829
5,431,713
23,701,592
500,638
453,161
23,248,431
410,901
1,496,960
6,206,372
5,707,268
0
499,104
(7,349)
50,739,967
1,341,130
1,255,575
46,460,640
1,682,622
56,938,990
9,954,810
297,338
16,076,728
6,512,700
22,727,260
762,869
484,827
22,242,433
266,120
1,588,861
7,501,898
6,515,987
0
985,911
3,865
51,849,969
1,023,903
2,686,405
46,171,420
1,968,241
59,355,732
10,925,914
341,149
3,868,938
22,119,633
21,215,325
1,023,475
421,799
20,793,526
186,288
1,120,284
2,151,546
1,310,016
841,530
17,443
824,087
396,379
994,556
99,470
225,910
126,045
4,071,742
2,443,593
1,628,149
265,346
1,362,803
849,974
1,952,124
1,949,088
260,653
161,565
4,703,682
2,732,216
1,971,466
471,333
1,500,133
1,021,563
2,200,197
2,200,186
321,499
261,885
5,005,567
(2,713,791)
2,291,776
363,563
1,928,213
1,005,725
2,176,393
2,171,268
757,545
491,592
5,849,015
2,932,772
2,916,243
102,962
2,813,281
1,140,661
2,443,031
2,442,861
1,510,911
971,262
(794,179)
52,100,337
6,500,868
29,264,954
3,889,177
34,619,778
(1,289,280)
58,032,008
16,303,670
53,617,196
39.11%
2.60%
4.94%
0.39%
1.22%
2.54%
60.89%
0.44
39.03%
0.25
39.99%
3.33%
3.26%
0.33%
1.74%
2.79%
60.01%
7.48
39.66%
2.29
41.91%
3.81%
4.75%
0.51%
1.97%
2.90%
58.09%
6.84
38.43%
2.15
45.78%
7.92%
0.86%
1.77%
3.39%
-54.22%
2.87
36.21%
2.16
49.86%
4.91%
12.95%
1.64%
1.92%
4.74%
50.14%
1.62
34.95%
2.14
15.58%
0.93%
59.47%
78.43%
92.13%
76.19%
68.06%
24.23%
3.97%
51.77%
75.72%
89.86%
69.16%
61.26%
24.06%
10.50%
44.94%
78.86%
89.35%
58.10%
54.03%
18.01%
11.44%
39.06%
81.60%
89.11%
48.92%
47.63%
18.98%
37.27%
35.03%
77.79%
87.35%
45.95%
43.42%
0.40%
0.48%
3.00%
18.76%
121.41%
0.87%
1.13%
4.50%
92.05%
129.21%
2.11%
1.91%
9.08%
104.01%
90.52%
3.36%
2.13%
12.29%
74.99%
63.55%
4.82%
1.99%
13.64%
24.41%
41.21%
7.87%
20.44
9.96
10.15%
5.90
7.46
10.65%
6.28
7.40
10.90%
9.35
7.49
12.64%
7.15
6.15
-6.30
40.24
14.85
-2.62
16.79

E.Other items

G.Liquidity ratios

J.Cash flow ratio

67
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

Items
2.Reserves
3.Unremitted profit
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
3,008,554
3,192,892
0
(184,338)
1,758
2,942,052
22,397
0
1,524,071
1,395,584
5,952,364
3,279,813
64,398
782,528
1,484,124
26,243
0
0
26,243
294,316
20,942
56,241
46,347
9,894
0
9,894
594
194,826
194,826
(184,338)
(184,338)
17.59%
0.17%
-6.13%
-3.10%
0.01%
0.17%
82.41%
-1.06
342.79%
327.99
56.18%
24.93%
0.44%
25.60%
49.43%
1.72%
1.72%
0.00%
0.00%
0.00%
50.54%
0.36
0.51
-14.75

E.Other items
2,718,782
1,081,945

G.Liquidity ratios

J.Cash flow ratio

68
OMAN INTERNATIONAL BANK SAOG.

Items
2.Reserves
3.Unremitted profit
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,033,623
2,289,217
0
(255,594)
0
660,308
2,754
178,000
0
479,554
2,693,931
2,391,751
42,807
0
0
280,948
55,905
60,442
220,506
5,646
33,221
2,712,141
3,008,999
0
(296,858)
0
729,806
4,036
186,406
521,574
17,790
3,441,947
3,088,841
38,910
0
0
315,802
83,218
38,713
277,089
15,071
22,036
2,847,576
3,203,140
0
(355,564)
0
1,097,875
7,577
382,008
690,196
18,094
3,945,451
3,328,022
52,781
150,000
0
425,108
36,416
37,885
387,223
10,461
16,964
3,000,780
3,393,743
0
(392,963)
0
1,200,251
5,493
321,910
847,792
25,056
4,201,031
3,363,076
62,870
110,000
0
493,328
48,503
15,716
477,612
22,983
164,490
3,132,302
3,594,610
0
(462,308)
0
1,270,263
11,523
510,729
721,474
26,537
4,402,565
3,679,994
61,674
30,000
0
587,062
49,740
15,716
571,346
30,670
28,881
38,268
47,636
(9,368)
40,468
(49,836)
4,471
46,502
44,273
(91,867)
(91,867)
40,426
50,080
(9,654)
21,729
12,075
9,549
62,888
57,280
(41,264)
(41,264)
56,707
75,569
(18,862)
828
(18,034)
17,597
58,269
55,148
(58,706)
(58,706)
65,106
78,041
(12,935)
22,169
9,234
12,582
59,215
59,134
(37,399)
(37,399)
75,896
90,575
(14,679)
0
(14,679)
14,611
69,277
69,172
(69,345)
(69,345)
(35,503)
85,715
21,302,169
729,519
59,369
450,421
17,017
1,013,597
130,395
1,402,122
-24.48%
-0.35%
-4.52%
-3.41%
0.17%
-1.85%
124.48%
-0.48
108.80%
9.90
-23.88%
-0.28%
-1.52%
-1.20%
0.28%
0.35%
123.88%
-1.39
125.84%
6.00
-33.26%
-0.48%
-2.06%
-1.49%
0.45%
-0.46%
133.26%
-0.94
78.42%
3.13
-19.87%
-0.31%
-1.25%
-0.89%
0.30%
0.22%
119.87%
-1.58
76.22%
4.70
-19.34%
-0.33%
-2.21%
-1.58%
0.33%
-0.33%
119.34%
-1.00
76.54%
4.73
90.37%
0.00%
8.19%
0.00%
24.51%
157.84%
90.87%
0.00%
8.05%
15.15%
21.20%
60.55%
44.61%
85.69%
0.00%
9.81%
17.49%
27.83%
61.59%
39.65%
81.55%
0.00%
11.37%
20.18%
28.57%
58.19%
42.18%
84.99%
0.00%
12.98%
16.39%
28.85%
81.37%
47.64%
19.90%
21.51%
2.75%
66.95%
108.12%
26.35%
12.26%
3.07%
56.13%
46.52%
8.57%
8.91%
1.28%
2.19%
104.03%
9.83%
3.19%
1.62%
141.06%
32.40%
8.47%
2.68%
1.59%
0.00%
31.60%
75.49%
0.04
0.00
78.80%
0.27
0.19
72.17%
0.16
0.24
71.43%
0.34
0.28
71.15%
0.45
0.23
0.39
-516.24
-1.01
-0.46
-1.88

E.Other items

G.Liquidity ratios

J.Cash flow ratio

69
THE BANK OF TOKYO-MITSUBISHI-UFJ, LIMITED

Items
2.Reserves
3.Unremitted profit
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,454,236
2,374,857
0
79,379
0
3,027,209
20,914
1,996,400
978,846
31,049
5,481,445
2,475,776
10,550
200,000
0
2,621,101
0
0
2,621,101
23,262
150,756
3,957,242
3,878,698
0
78,544
0
6,106,000
12,559
4,258,351
1,715,912
119,178
10,063,242
4,072,080
36,983
1,597,697
0
4,092,787
0
0
4,092,787
19,422
244,273
4,087,588
4,041,323
0
46,265
0
4,458,128
216,907
1,397,725
2,740,049
103,447
8,545,716
4,237,350
91,075
1,905,551
0
2,198,843
0
0
2,198,843
27,336
85,561
4,700,427
4,652,493
0
47,934
0
4,343,431
9,419
1,868,489
2,349,722
115,801
9,043,858
4,840,033
88,400
1,013,607
0
2,980,932
113,339
0
2,980,932
30,055
90,831
5,155,321
5,122,691
0
32,630
0
3,240,864
86,567
1,075,726
1,991,569
87,002
8,396,185
5,283,777
123,553
654,928
0
2,214,722
0
0
2,214,722
28,937
90,268
330,590
243,394
87,196
0
87,196
61,290
68,639
68,323
79,847
79,299
538,145
391,186
146,959
0
146,959
80,485
103,346
97,011
124,098
78,396
516,130
385,251
130,879
0
130,879
180,185
114,573
112,088
65,612
45,928
509,987
406,928
103,059
0
103,059
184,717
114,543
113,080
70,174
47,600
569,784
468,924
100,860
0
100,860
103,131
141,791
140,422
62,200
33,790
62,702
13,545,977
202,342
4,958,383
151,296
3,781,342
46,074
2,780,898
65,752
3,244,830
26.38%
1.59%
3.23%
1.45%
1.12%
1.59%
73.62%
0.86
17.52%
1.11
27.31%
1.46%
1.98%
0.78%
0.80%
1.46%
72.69%
0.78
16.71%
1.21
25.36%
1.53%
1.12%
0.54%
2.11%
1.53%
74.64%
1.71
16.45%
0.62
20.21%
1.14%
1.01%
0.53%
2.04%
1.14%
79.79%
1.61
16.49%
0.61
17.70%
1.20%
0.66%
0.40%
1.23%
1.20%
82.30%
2.26
21.07%
1.36
45.36%
0.00%
47.82%
17.86%
55.23%
267.77%
88.10%
40.83%
0.00%
40.67%
17.05%
60.68%
238.52%
68.51%
50.65%
0.00%
25.73%
32.06%
52.17%
80.25%
53.14%
54.49%
0.00%
32.96%
25.98%
48.03%
126.86%
70.67%
64.40%
0.00%
26.38%
23.72%
38.60%
111.20%
72.20%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.80%
0.00%
2.41%
0.00%
0.00%
0.00%
0.00%
44.77%
5.52
0.40
39.32%
1.25
0.43
47.83%
0.93
0.67
51.97%
0.59
0.50
61.40%
0.63
0.39
0.79
2.58
3.29
0.97
1.95

E.Other items

G.Liquidity ratios

J.Cash flow ratio

70
2011
DEVELOPMENT FINANCE INSTITUTIONS (DFIS)

DFIs reflected an increase in their balance sheet size during 2011. Total equity registered a growth of
6.4 percent over the last year. The profit before tax decreased by 29.3 percent, whereas profit after tax
decreased by 64.2 percent during the year.
ANALYSIS OF SHAREHOLDERS EQUITY

Components of Balance Sheets
Billion Rs.
55.4 billion to Rs 58.9 billion in CY11,

witnessing a growth of Rs 3.6 billion or 6.4
percent over CY10. Total liabilities increased
during CY11. In absolute terms, total assets
substantially increased from Rs 119.0 billion in
140
120
100
80
60
40
20
0
20%
18%
15%
10%
6%
10%
Growth
Shareholders equity of DFIs increased from Rs
5%
Total SHE
Total Liabilities
Total Assets
CY 10
55.4
60.0
119.0
CY 11
58.9
70.9
130.5
Growth
6%
18%
10%
0%
CY10 to Rs 130.5 billion in CY11. Similarly,

total liabilities also increased by 18.2 percent in CY11 over CY10.
Looking at the liabilities side of DFIs, analysis reveals that major portion has been through borrowings
from financial institutions. Borrowings increased from Rs 40.0 billion in CY10 to Rs. 54.6
60
50
40
30
20
10
0
37%
-24%
40%
30%
20%
14% 10%
0%
-10%
-20%
-30%
Others
Borrowlings
Deposits
CY 10
40.0
17.1
CY 11
54.6
12.9
3.4
Growth
37%
-24%
14%
Share of Borrowings in Total Liabilities

100%
Growth
Billion Rs.
Major Components of Liabilities
80%
5%
28%
5%
18%
Deposits
60%
40%
Others
67%
77%
Borrowlings
20%
3.0
0%
CY 10
CY 11
billion in CY11, recording an increase of 36.6 percent over CY10, and at the same time the share of
borrowings in total liabilities has also increased. The other major component was deposits which
contributed around 18.2 percent of total liabilities during CY11. Total deposits of DFIs stood at Rs.
12.9 billion, witnessing a decrease of Rs. 4.1 billion in CY11 over CY10.
71
2011
ANALYSIS OF ASSETS
100
increased by 9.7 percent compared to previous
80
Billion Rs.
In CY11, total assets stood at Rs 130.5 billion,

year. The analysis of components of total assets
reveals that investment activities of DFIs
60
-26%
40
20
0
increased while lending to financial institutions
40%
20%
4% 0%
-20%
-40%
-60%
-80%
27%
-62%
Cash & Cash
Equlvalent
Lending
Investment
Advances
further decreased during CY11. The amount of
CY 10
4.6
7.7
60.2
44.2
CY 11
3.4
2.9
76.7
45.9
lending to financial institutions decreased from
Growth
-26%
-62%
27%
4%
Growth
Major components of assets
Rs 7.7 billion in CY10 to Rs 2.9 billion in CY11, recording a decrease of around 62.4 percent over
CY10. On the other hand, advances of DFIs increased by 3.8 percent over CY10 however, its share in
total assets decreased from 37.1 percent in CY10 to 35.2 percent in CY11.
Major Components of Advances
NPL Analysis
50.0
25%
30.0
15%
14%
20.0
10%
10.0
5%
0.0
15%
13%
20%
20%
4%
2%
Adv. Gross
NPL
Provision
Adv. Net
CY 10
44.2
6.9
6.7
37.6
CY 11
45.9
8.3
7.6
38.3
Growth
4%
20%
14%
2%
Growth
Billion Rs.
40.0
NPL to Adv.
10%11%
NPL to SHE
0%
77%
74%
NPL Prov. To
NPL
Non-performing loans (NPLs) increased from Rs 6.9 billion in CY10 to Rs 8.3 billion in
CY11, reflecting an increase of 19.8 percent. NPL to gross advances ratio increased from 15.6 percent
in CY10 to 18.0 percent in CY11.
PROFITABILITY OF DFI S
In terms of profitability, CY11 witnessed decreases both in profit before and after tax. Profit before tax
decreased from Rs. 4.2 billion in CY10 to Rs. 3.0 billion in CY11, showing a decrease of 29.3 percent.
72
45%
2011
42.9% 43.8%
5.0
40%
Billions Rs.
CY 10
35%
30%
CY 11
25%
20%
4.0
4.2
3.0
3.0
CY 10
CY 11
2.0
1.0
15%
10%
1.0
4.9%
1.7%
5%
2.3%
0.7%
0.0
0%
Spread Ratio
ROE
2.7
Profit Before Taxation
Profit After Taxation
ROA
Return on assets (ROA) declined from 2.3 percent in CY10 to 0.7 percent in CY11. Return on equity
(ROE) also witnessed a decrease from 4.9 percent in CY10 to 1.7 percent in CY11. Spread ratio of
DFIs slightly increased from 42.9 percent in CY10 to 43.8 percent in CY11. Breakup value decreased
from Rs 15.07 per share in CY10 to Rs 14.96 per share in CY11.
73
DFIs - Overall
Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
7.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
34,570,070
21,991,780
10,619,579
1,958,711
2,948,916
53,379,971
0
39,113,088
11,867,394
2,399,489
90,898,957
582,562
9,187,229
17,648,189
35,485,410
24,631,058
2,149,654
1,885,835
22,745,223
2,692,031
2,558,313
46,902,253
39,748,980
11,124,218
(3,970,945)
(656,553)
38,833,942
0
30,937,172
5,880,621
2,016,149
85,079,642
650,959
10,252,671
8,056,730
36,071,855
27,407,033
4,816,698
3,698,407
23,708,626
2,690,082
3,648,719
48,920,410
40,748,980
6,764,011
1,407,419
5,409,974
59,424,672
0
38,774,252
18,073,599
2,576,821
113,755,056
1,665,533
6,545,275
10,576,282
58,551,142
35,183,101
6,695,174
5,753,542
29,429,559
2,790,590
4,196,675
55,379,067
42,748,980
6,764,483
5,865,604
3,644,111
60,024,391
0
39,953,645
17,059,825
3,010,921
119,047,569
1,680,678
2,888,128
7,718,006
60,243,944
44,215,053
6,903,217
6,653,026
37,562,027
3,126,353
5,828,433
58,948,556
45,408,180
6,703,489
6,836,887
652,903
70,945,188
0
54,574,307
12,932,378
3,438,503
130,546,647
2,283,859
1,075,003
2,904,651
76,683,192
45,907,661
8,269,274
7,596,199
38,311,462
2,999,119
6,289,361
5,683,688
4,224,696
1,458,993
648,463
810,529
3,666,464
1,030,265
934,573
2,981,056
2,525,835
8,483,284
4,855,654
3,627,630
6,171,391
(1,804,158)
7,621,120
3,308,278
1,196,516
1,694,081
1,195,447
10,429,986
5,768,136
4,661,850
2,660,700
1,489,660
1,458,885
1,417,421
1,363,810
1,531,026
2,147,069
11,726,433
6,694,582
5,031,851
987,572
4,143,390
2,086,005
1,976,521
1,916,080
4,230,979
2,718,940
12,716,418
7,152,710
5,563,708
977,362
3,791,544
2,450,918
3,250,598
2,039,623
2,991,863
972,305
1,015,824
3,375,138
3,475,138
3,675,138
3,941,058
N/A
N/A
6,191,623
12,487,600
N/A
N/A
5,682,965
13,761,913
N/A
N/A
9,897,449
15,386,918
N/A
N/A
(1,328,783)
18,321,532
N/A
N/A
4,887,501
34,232,419
25.67%
1.61%
7.31%
2.78%
4.03%
0.89%
74.33%
0.31
0.11
0.25
2.49
42.76%
4.26%
2.55%
1.41%
8.96%
-2.12%
57.24%
0.71
0.21
0.16
0.35
44.70%
4.10%
4.39%
1.89%
1.28%
1.31%
55.30%
0.89
0.12
0.93
0.62
42.91%
4.23%
4.91%
2.28%
1.75%
3.48%
57.09%
0.45
0.14
0.92
0.74
43.75%
4.26%
1.65%
0.74%
1.88%
2.90%
56.25%
0.68
0.21
0.83
0.25
10.75%
39.04%
25.02%
13.06%
58.72%
207.55%
48.31%
12.82%
42.40%
27.87%
6.91%
45.64%
466.06%
74.44%
7.22%
51.47%
25.87%
15.89%
52.24%
194.67%
61.89%
3.84%
50.60%
31.55%
14.33%
50.42%
259.18%
77.55%
2.57%
58.74%
29.35%
9.91%
54.34%
354.98%
68.00%
8.73%
7.66%
6.22%
34.39%
87.73%
17.57%
13.49%
10.27%
166.87%
76.78%
19.03%
16.35%
13.69%
46.24%
85.94%
15.61%
15.05%
12.47%
14.84%
96.38%
18.01%
16.55%
14.03%
12.87%
91.86%
38.03%
0.36
34.03
0.34
55.13%
0.29
13.90
0.13
43.01%
0.31
14.08
0.37
46.52%
0.33
15.07
0.31
45.16%
0.58
14.96
0.22
2.45
4.75
4.61
-0.49
5.03

2.markup/interest expensed
E.Other items
2.Cash dividend

7.Markup/interest expenses to markup/interest income (D2/D1)
8.Admin. expenses to profit before tax. (D8/D9) (times)
9.Non-markup/interest expenses to total income D7/(D1+D6)
10.Admin. expenses to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios


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

74
PAIR INVESTMENT COMPANY

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
5,446,253
5,000,000
89,250
357,003
(123,267)
492,480
0
459,657
0
32,823
5,815,466
506,887
1,816,376
611,000
2,440,498
402,318
75,000
37,500
364,818
21,478
54,409
5,817,670
5,000,000
163,533
654,137
475,848
1,991,936
0
1,857,327
0
134,609
8,285,454
2,633
1,309,451
446,250
5,326,675
1,174,878
443,011
229,491
945,387
26,071
228,987
7,396,027
6,000,000
279,204
1,116,823
38,418
3,036,164
0
2,863,481
0
172,683
10,470,609
10,552
352,808
600,000
7,160,982
2,178,571
75,141
75,141
2,103,430
44,762
198,075
7,638,576
6,000,000
327,714
1,310,862
92,121
4,114,422
0
3,695,484
260,000
158,938
11,845,119
9,143
20,675
0
8,974,337
2,592,810
393,141
117,654
2,475,156
48,060
317,748
527,054
31,898
495,156
(37,500)
457,656
94,762
82,513
73,115
469,905
318,146
809,863
124,744
685,119
(255,745)
429,374
163,699
110,083
97,529
482,990
371,417
1,030,191
193,494
836,697
79,955
916,652
171,171
209,239
191,647
878,584
578,357
1,323,067
402,712
920,355
(324,136)
596,219
58,340
167,757
150,135
486,802
242,549
500,000
0.00%
0.00%
378,383
486,955
500,000
0.00%
0.00%
1,287,294
2,284,428
600,000
0.00%
0.00%
448,811
3,095,251
600,000
0.00%
0.00%
1,708,563
3,679,976
93.95%
8.51%
5.84%
5.47%
1.63%
7.87%
6.05%
0.16
0.13
0.77
0.64
84.60%
8.27%
6.38%
4.48%
1.98%
5.18%
15.40%
0.20
0.11
0.60
0.74
81.22%
7.99%
7.82%
5.52%
1.63%
8.75%
18.78%
0.22
0.17
1.12
0.96
69.56%
7.77%
3.18%
2.05%
0.49%
5.03%
30.44%
0.31
0.12
2.57
0.40
39.95%
41.97%
6.27%
0.00%
8.47%
15.84%
64.29%
11.41%
0.00%
24.04%
3.47%
68.39%
20.09%
0.00%
29.00%
87.53%
63.26%
76.08%
0.25%
75.76%
20.90%
2.19%
34.74%
997.23%
65.55%
18.64%
9.32%
1.38%
-100.00%
50.00%
37.71%
19.53%
7.61%
-111.44%
51.80%
3.45%
3.45%
1.02%
106.41%
100.00%
15.16%
4.54%
5.15%
-275.50%
29.93%
93.65%
0.09
10.89
0.00
70.22%
0.39
11.64
0.00
70.64%
0.42
12.33
0.00
64.49%
0.48
12.73
0.03
1.19
3.47
0.78
7.04

E.Other items
2.Cash dividend

G.Liquidity ratios


J.Cash flow ratio

75
PAK BRUNEI INVESTMENT COMPANY LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
5,363,009
5,000,000
72,602
290,407
(81,849)
247,733
0
186,154
0
61,579
5,528,893
4,267
14,870
1,519,299
2,687,585
1,062,744
0
0
1,062,744
44,334
195,794
5,810,462
5,000,000
162,093
648,369
495,517
5,825,000
0
5,296,808
395,000
133,192
12,130,979
23,869
191,915
1,507,910
8,415,996
1,757,624
0
25,131
1,732,493
37,614
221,182
7,391,552
6,000,000
278,311
1,113,241
(48,993)
7,026,052
0
5,943,385
844,000
238,667
14,368,611
30,803
129,969
1,222,727
9,868,363
2,475,172
6,736
7,529
2,467,643
21,013
628,093
7,996,016
6,000,000
399,204
1,596,812
(68,113)
24,617,113
0
23,359,531
979,018
278,564
32,545,016
174,790
562,085
627,841
25,742,364
4,667,373
2,992
20,712
4,646,661
34,067
757,208
672,254
131,801
540,453
108,921
431,532
85,608
143,675
118,675
373,465
222,266
971,221
207,450
763,771
192,918
570,853
254,064
157,743
132,343
667,174
447,453
1,698,132
777,987
920,145
81,344
838,801
211,963
169,106
165,145
881,658
581,090
2,397,223
1,469,277
927,946
86,874
841,072
283,965
204,908
204,669
920,129
604,464
500,000
0.00%
0.00%
(1,218,859)
448,894
500,000
0.00%
0.00%
5,487,232
1,141,106
600,000
0.00%
0.00%
1,076,382
6,331,452
600,000
0.00%
0.00%
9,066,170
21,546,987
80.39%
9.78%
4.14%
4.02%
1.55%
7.81%
19.61%
0.32
0.19
1.39
0.44
78.64%
6.30%
7.70%
3.69%
2.09%
4.71%
21.36%
0.20
0.13
0.52
0.89
54.19%
6.40%
7.86%
4.04%
1.48%
5.84%
45.81%
0.19
0.09
0.78
0.97
38.71%
2.85%
7.56%
1.86%
0.87%
2.58%
61.29%
0.22
0.08
0.72
1.01
0.35%
48.61%
19.22%
0.00%
4.48%
1.78%
69.38%
14.28%
3.26%
48.02%
444.97%
30.88%
1.12%
68.68%
17.17%
5.87%
48.90%
293.27%
36.47%
2.26%
79.10%
14.28%
3.01%
75.64%
476.74%
19.18%
0.00%
1.43%
0.00%
767.65%
0.27%
0.30%
0.09%
1,080.41%
111.77%
0.06%
0.44%
0.04%
419.44%
692.25%

E.Other items
2.Cash dividend

G.Liquidity ratios
570.90%

0.00%
0.00%
0.00%
97.00%
0.08
10.73
0.00
47.90%
0.20
11.62
0.07
51.44%
0.86
12.32
0.11
24.57%
2.69
13.33
0.12
-5.48
12.26
1.85
15.00

J.Cash flow ratio

76
PAK CHINA INVESTMENT COMPNY LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
6,811,647
6,457,200
70,889
283,558
(625)
757,178
0
726,754
0
30,424
7,568,200
6,670
3,772,069
255,482
1,430,241
1,938,595
0
0
1,938,595
28,115
137,028
7,325,189
6,457,200
173,598
694,391
2,526,213
1,089,244
0
975,685
0
113,559
10,940,646
1,363,660
9,148
1,245,029
3,158,326
4,927,264
0
247,273
4,679,991
187,828
296,664
7,885,555
6,457,200
285,671
1,142,684
2,591,648
1,156,757
0
1,132,259
0
24,498
11,633,960
1,399,836
8,736
1,264,140
3,099,787
5,557,525
0
248,632
5,308,893
180,566
372,002
11,058,455
9,116,400
388,411
1,553,644
766
119,094
0
106,874
0
12,220
11,178,315
1,491,717
23,227
583,954
4,077,544
4,901,692
377,756
464,032
4,437,660
176,177
388,036
530,032
6,215
523,817
50,000
473,817
17,395
165,585
71,067
325,627
211,658
1,050,697
36,435
1,014,262
197,273
816,989
138,830
165,756
165,706
790,065
513,542
1,252,143
283,899
968,244
41,361
866,084
176,223
180,206
180,205
862,102
560,366
1,312,686
47,666
1,265,020
175,398
943,092
133,437
208,924
208,403
867,605
513,700
645,720
0.00%
0.00%
(15,893)
1,078,614
645,720
0.00%
0.00%
(3,029,800)
1,753,996
645,720
0.00%
0.00%
(81,735)
865,132
911,640
0.00%
0.00%
1,169,605
231,127
98.83%
6.92%
3.11%
2.80%
0.23%
6.26%
1.17%
0.22
0.30
4.09
0.33
96.53%
9.27%
7.01%
4.69%
1.27%
7.47%
3.47%
0.21
0.14
1.19
0.80
77.33%
8.32%
7.11%
4.82%
1.51%
7.44%
22.67%
0.21
0.13
1.02
0.87
96.37%
11.32%
4.65%
4.60%
1.19%
8.44%
3.63%
0.24
0.14
1.56
0.56
49.93%
18.90%
25.62%
0.00%
10.00%
12.55%
28.87%
42.78%
0.00%
9.96%
12.11%
26.64%
45.63%
0.00%
9.94%
13.55%
36.48%
39.70%
0.00%
1.07%

E.Other items
2.Cash dividend

G.Liquidity ratios
266.75%
505.01%
490.84%
4,586.42%
0.00%
0.00%
0.00%
0.00%
5.02%
0.00%
79.78%
0.00%
4.47%
0.00%
16.64%
7.71%
9.47%
3.42%
37.80%
122.84%
90.00%
0.16
10.55
0.00
66.95%
0.24
11.34
0.00
67.78%
0.11
12.21
0.00
98.93%
0.02
12.13
0.00
-0.08
-5.90
-0.15
2.28


J.Cash flow ratio

77
PAK KUWAIT INVESTMENT CO.

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
12,950,596
6,000,000
5,791,271
1,159,325
41,164
11,413,856
0
8,644,000
1,947,500
822,356
24,405,616
24,849
5,349,009
6,591,584
8,074,324
4,418,660
338,539
338,539
4,080,121
121,588
164,141
8,368,527
6,000,000
6,447,712
(4,079,185)
(58,946)
7,158,931
0
6,370,782
37,500
750,649
15,468,512
17,179
2,759,358
500,000
8,436,921
4,269,116
1,278,058
910,181
3,358,935
107,138
288,981
8,884,894
6,000,000
2,884,894
0
175,691
15,145,252
0
10,377,872
4,075,951
691,429
24,205,837
92,512
1,797,223
800,000
17,091,939
5,003,098
1,693,697
1,395,656
3,607,442
111,266
705,455
11,502,905
6,000,000
2,992,287
2,510,618
239,868
13,280,158
0
9,807,369
3,138,512
334,277
25,022,931
51,424
1,409,688
250,000
17,521,580
6,389,805
1,648,540
1,420,615
4,969,190
260,736
560,313
12,503,432
6,000,000
3,114,865
3,388,567
84,687
11,342,439
0
9,161,654
1,726,601
454,184
23,930,558
442,766
24,653
0
15,966,871
8,131,825
1,723,232
1,577,790
6,554,035
282,125
660,108
1,501,903
894,330
607,573
37,647
569,926
1,573,349
400,343
400,288
1,742,932
1,449,156
1,158,545
551,191
607,354
4,647,386
(4,040,032)
253,814
286,252
286,202
(4,072,470)
(4,102,069)
1,797,555
1,189,263
608,292
716,319
(108,027)
1,015,405
314,729
314,526
592,649
516,367
2,111,019
1,452,508
658,511
(37,100)
695,611
1,030,674
412,408
411,259
1,321,877
968,732
2,204,036
1,445,302
758,734
208,083
550,651
1,638,323
462,723
462,723
1,726,251
1,360,527
240
20.00%
0.00%
(1,147,603)
804,466
240
0.08%
0.00%
2,454,422
1,337,586
240
0.00%
0.00%
7,482,073
534,532
240
0.00%
0.00%
(2,336,821)
193,141
240
0.00%
0.00%
(3,341,852)
1,150,452

E.Other items
2.Cash dividend

40.45%
2.49%
11.19%
5.94%
6.45%
2.34%
59.55%
0.23
0.13
0.25
6,038.15
52.42%
3.93%
-49.02%
-26.52%
1.64%
-26.12%
47.58%
-0.07
0.20
1.13
-17,091.95
33.84%
2.51%
5.81%
2.13%
4.19%
-0.45%
66.16%
0.53
0.11
0.31
2,151.53
31.19%
2.63%
8.42%
3.87%
4.12%
2.78%
68.81%
0.31
0.13
0.40
4,036.38
34.42%
3.17%
10.88%
5.69%
6.85%
2.30%
65.58%
0.27
0.12
0.28
5,668.86
22.02%
33.08%
16.72%
7.98%
46.77%
226.89%
41.72%
17.95%
54.54%
21.71%
0.24%
46.28%
11,384.31%
66.62%
7.81%
70.61%
14.90%
16.84%
62.57%
122.75%
34.61%
5.84%
70.02%
19.86%
12.54%
53.07%
203.59%
49.36%
1.95%
66.72%
27.39%
7.22%
47.40%
470.97%
74.68%
7.66%
7.66%
2.61%
11.12%
100.00%
29.94%
21.32%
15.27%
510.60%
71.22%
33.85%
27.90%
19.06%
51.32%
82.40%
25.80%
22.23%
14.33%
-2.61%
86.17%
21.19%
19.40%
13.78%
13.19%
91.56%
53.06%
0.06
53,960.82
0.15
54.10%
0.16
34,868.86
0.00
36.71%
0.06
37,020.39
0.46
45.97%
0.02
47,928.77
0.27
52.25%
0.09
52,097.63
0.14
-0.79
-0.60
14.49
-2.41
-2.46
G.Liquidity ratios


J.Cash flow ratio

78
PAK LIBYA HOLDING COMPANY LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
7,140,682
5,841,780
898,113
400,789
(72,237)
12,562,532
0
8,750,370
3,525,000
287,162
19,630,977
21,954
226,459
5,355,534
8,450,866
5,233,732
323,641
146,018
5,087,714
63,776
424,674
7,253,062
6,141,780
1,020,589
90,693
(1,600,269)
6,519,558
0
4,858,821
1,400,000
260,737
12,172,351
42,624
78,821
698,769
5,477,558
5,483,847
529,012
545,064
4,938,783
52,281
883,515
6,524,955
6,141,780
444,589
(61,414)
(207,905)
10,099,231
0
3,210,806
6,404,711
483,714
16,416,281
64,312
108,980
1,646,286
6,379,873
8,285,178
1,012,965
944,570
7,340,608
82,960
793,262
6,650,877
6,141,780
474,801
34,296
(191,250)
9,915,845
0
4,983,790
4,657,690
274,365
16,375,472
76,513
36,324
1,482,414
6,286,676
8,430,312
1,122,912
1,019,531
7,410,781
96,089
986,675
6,586,986
6,141,780
474,801
(29,595)
(229,759)
8,526,649
0
4,537,471
3,652,844
336,334
14,883,876
42,643
41,177
200,000
6,187,323
8,003,538
1,566,090
964,425
7,039,113
68,568
1,305,052
1,264,849
961,746
303,103
58,534
244,569
458,539
175,508
167,691
527,600
499,021
1,610,370
1,105,089
505,281
505,969
(688)
281,258
218,224
207,605
62,346
112,380
1,611,086
1,145,347
465,739
508,620
(42,881)
(484,130)
226,215
222,880
(753,226)
(728,107)
1,675,251
1,125,259
549,992
341,721
208,271
214,661
287,562
281,965
105,473
131,626
1,728,763
1,100,691
628,072
185,091
442,981
46,188
373,618
341,014
115,551
(63,891)
584
0.00%
0.51%
2,351,039
2,502,846
614,178
0.00%
0.00%
(1,787,539)
2,592,189
614,178
0.00%
0.00%
(572,247)
2,267,235
614,178
0.00%
0.00%
(88,345)
1,620,644
614,178
0.00%
0.00%
726,795
1,446,275
23.96%
1.54%
6.99%
2.54%
2.34%
1.25%
76.04%
0.32
0.10
0.37
854.23
31.38%
4.15%
1.55%
0.92%
2.31%
-0.01%
68.62%
3.33
0.12
0.74
0.18
28.91%
2.84%
-11.16%
-4.44%
-2.95%
-0.26%
71.09%
-0.30
0.20
-0.46
-1.19
32.83%
3.36%
1.98%
0.80%
1.31%
1.27%
67.17%
2.67
0.15
1.31
0.21
36.33%
4.22%
-0.97%
-0.43%
0.31%
2.98%
63.67%
2.95
0.21
7.38
-0.10
1.27%
43.05%
25.92%
17.96%
63.99%
148.47%
42.64%
1.00%
45.00%
40.57%
11.50%
53.56%
391.70%
87.62%
1.06%
38.86%
44.72%
39.01%
61.52%
129.36%
86.16%
0.69%
38.39%
45.26%
28.44%
60.55%
181.00%
87.44%
0.56%
41.57%
47.29%
24.54%
57.29%
219.10%
97.72%
6.18%
2.79%
4.53%
40.09%
45.12%
9.65%
9.94%
7.29%
92.83%
103.03%
12.23%
11.40%
15.52%
53.85%
93.25%
13.32%
12.09%
16.88%
33.52%
90.79%
19.57%
12.05%
23.78%
19.19%
61.58%
36.37%
0.35
12,223.47
0.49
59.59%
0.36
11.81
0.19
39.75%
0.35
10.62
0.98
40.61%
0.24
10.83
0.70
44.26%
0.22
10.72
0.55
0.79
-0.67
-11.38

E.Other items
2.Cash dividend

G.Liquidity ratios


J.Cash flow ratio

4.71
79
-15.91
PAK OMAN INVESTMENT COMPANY LIMITED

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
7,473,460
6,150,000
924,863
398,597
(112,803)
14,480,188
0
11,776,222
2,168,358
535,608
21,840,845
25,042
1,641,977
3,706,071
9,052,600
6,964,645
156,865
132,888
6,831,757
73,887
509,511
7,172,413
6,150,000
1,017,251
5,162
(899,590)
11,119,791
0
7,491,561
3,023,121
605,109
17,392,614
48,548
508,560
3,137,180
6,996,478
6,074,145
333,971
333,971
5,740,174
67,109
894,565
6,564,920
6,150,000
414,920
0
(142,019)
14,141,838
0
8,895,096
4,562,089
684,653
20,564,739
73,968
590,362
2,846,936
10,775,046
6,440,129
926,015
926,015
5,514,114
62,538
701,775
6,793,844
6,150,000
492,568
151,276
(31,697)
12,430,977
0
6,145,349
5,561,165
724,463
19,193,124
70,420
664,169
2,467,467
9,129,453
7,052,670
1,221,006
1,107,629
5,945,041
74,901
841,673
6,931,824
6,150,000
485,312
296,512
(56,048)
11,963,268
0
6,648,716
4,695,693
618,859
18,839,044
66,679
209,531
1,321,745
10,632,874
6,739,785
1,199,078
974,224
5,765,561
68,276
774,378
1,616,934
1,063,943
552,991
87,319
465,672
957,144
281,068
193,505
676,076
523,305
2,038,155
1,318,404
719,751
253,496
466,255
(62,050)
277,645
255,846
126,560
6,453
2,319,194
1,636,815
682,379
729,674
(47,295)
(359,896)
246,628
234,559
(653,819)
607,493
2,231,471
1,462,002
769,469
267,739
501,730
297,510
343,788
326,855
455,452
332,799
2,270,702
1,513,542
757,160
(73,119)
830,279
153,800
360,868
335,648
623,211
357,521
615,000
0.19%
0.19%
3,033,513
2,622,906
615,000
0.00%
0.00%
363,978
1,440,147
615,000
0.00%
0.00%
52,313
1,134,953
615,000
0.00%
0.00%
1,800,538
625,687
615,000
0.00%
0.00%
(2,462,635)
2,833,372
34.20%
2.53%
7.00%
2.40%
4.38%
2.13%
65.80%
0.29
0.11
0.20
0.85
35.31%
4.14%
0.09%
0.04%
-0.36%
2.68%
64.69%
2.02
0.14
-4.12
0.01
29.42%
3.32%
9.25%
2.95%
-1.75%
-0.23%
70.58%
-0.36
0.13
-0.65
0.99
34.48%
4.01%
4.90%
1.73%
1.55%
2.61%
65.52%
0.72
0.14
1.10
0.54
33.34%
4.02%
5.16%
1.90%
0.82%
4.41%
66.66%
0.54
0.15
2.18
0.58
7.63%
41.45%
31.28%
9.93%
66.30%
321.19%
49.95%
3.20%
40.23%
33.00%
17.38%
63.93%
200.92%
57.77%
3.23%
52.40%
26.81%
22.18%
68.77%
141.17%
47.86%
3.83%
47.57%
30.97%
28.97%
64.77%
126.82%
60.25%
1.47%
56.44%
30.60%
24.93%
63.50%
143.53%
59.41%
2.25%
1.91%
2.10%
65.71%
84.71%
5.50%
5.50%
4.66%
75.90%
100.00%
14.38%
14.38%
14.11%
78.80%
100.00%
17.31%
15.71%
17.97%
24.17%
90.71%
17.79%
14.45%
17.30%
-7.51%
81.25%
34.22%
0.35
12.15
0.29
41.24%
0.20
11.66
0.42
31.92%
0.17
10.67
0.69
35.40%
0.09
11.05
0.82
36.79%
0.41
11.27
0.68
5.80
56.40
0.09
5.41
-6.89

E.Other items
2.Cash dividend

G.Liquidity ratios


J.Cash flow ratio

80
SAUDI PAK INDUSTRIAL & AGRI. INV CO. (PVT) LTD.

Items
1.Share capital
2.Reserves
4.Others

1.Bills payable

4.Investments
5.Gross advances
9.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
7,005,332
4,000,000
3,005,332
0
3,092,792
14,923,395
0
9,942,496
4,226,536
754,363
25,021,519
510,717
1,969,784
1,995,000
9,907,620
8,014,021
1,330,609
1,268,390
6,745,631
2,432,780
1,459,987
6,487,342
5,000,000
2,405,925
(918,583)
2,107,993
12,538,271
0
10,843,443
1,420,000
274,828
21,133,606
24,784
1,302,617
1,335,000
8,602,574
8,176,268
2,600,657
1,871,691
6,304,577
2,369,627
1,194,427
7,992,320
6,000,000
2,520,384
(528,064)
2,086,629
11,132,171
0
8,160,658
2,635,848
335,665
21,211,120
44,579
2,538,196
2,083,871
7,403,287
7,594,930
2,619,486
1,985,406
5,609,524
2,282,313
1,249,350
7,758,307
6,000,000
1,961,641
(203,334)
1,046,117
13,178,438
0
9,078,012
2,858,458
1,241,968
21,982,862
41,130
286,434
431,258
7,177,103
12,130,998
2,828,882
2,773,949
9,357,049
2,448,286
2,241,602
6,233,267
6,000,000
1,513,182
(1,279,915)
829,249
10,262,203
0
7,064,577
1,618,222
1,579,404
17,324,719
56,121
193,655
171,111
5,101,879
10,870,638
3,006,985
3,477,362
7,393,276
2,321,846
2,086,831
1,300,002
1,304,677
(4,674)
464,963
(469,638)
677,432
173,346
173,089
34,448
54,353
1,946,874
1,711,056
235,818
643,119
407,302
6,950,333
2,134,384
184,006
4,408,648
4,426,613
1,870,370
1,428,082
442,288
571,641
(129,353)
730,913
196,267
196,267
405,193
418,904
1,728,226
1,399,433
328,793
212,552
116,241
(16,197)
374,212
359,004
(274,167)
(434,030)
1,479,941
1,173,520
306,421
719,171
(412,750)
136,865
1,471,800
337,031
(1,747,686)
(2,042,565)
400,000
0.00%
0.00%
1,954,674
6,557,382
500,000
0.00%
0.00%
5,508,473
6,377,528
600,000
0.00%
0.00%
(809,416)
6,270,668
600,000
0.00%
0.00%
(2,147,613)
5,590,225
600,000
0.00%
0.00%
(1,979,145)
3,344,230
-0.36%
-0.02%
0.78%
0.22%
2.71%
-1.88%
100.36%
5.02
0.09
0.26
0.14
12.11%
1.12%
68.23%
20.95%
32.89%
1.93%
87.89%
0.04
0.24
0.03
8.85
23.65%
2.09%
5.24%
1.97%
3.45%
-0.61%
76.35%
0.48
0.08
0.27
0.70
19.02%
1.50%
-5.59%
-1.97%
-0.07%
0.53%
80.98%
-1.31
0.22
-22.16
-0.72
20.70%
1.77%
-32.77%
-11.79%
0.79%
-2.38%
79.30%
-0.19
0.91
2.46
-3.40
9.91%
39.60%
26.96%
16.89%
59.64%
189.61%
56.56%
6.28%
40.71%
29.83%
6.72%
59.33%
575.79%
66.67%
12.18%
34.90%
26.45%
12.43%
52.48%
288.14%
70.35%
1.49%
32.65%
42.57%
13.00%
59.95%
424.39%
101.63%
1.44%
29.45%
42.67%
9.34%
59.23%
671.76%
125.20%
16.60%
15.83%
18.99%
36.66%
95.32%
31.81%
22.89%
40.09%
34.36%
71.97%
34.49%
26.14%
32.78%
28.79%
75.79%
23.32%
22.87%
36.46%
7.66%
98.06%
27.66%
31.99%
48.24%
20.68%
115.64%
28.00%
0.94
17.51
0.60
30.70%
0.98
12.97
0.22
37.68%
0.78
13.32
0.33
35.29%
0.72
12.93
0.37
35.98%
0.54
10.39
0.26
35.96
1.24
-1.93
4.95
0.97

E.Other items
2.Cash dividend

G.Liquidity ratios


J.Cash flow ratio

81
2011
LEASING COMPANIES
Outlook of leasing sector in the country has not been encouraging during FY11. Asset base decreased
by 9.5 percent over the period, from Rs 37.1 billion in FY10 to Rs 33.5 billion in FY11. The sector
showed profits before and after taxation of Rs.176.2 million & Rs.64.7 million respectively during
FY11.
Shareholder's Equity
The shareholders equity of leasing sector

Rs 4.3 billion in FY10 to Rs 4.6 billion in FY11.
Increase was also noted in reserves, which
increased by 62.9 percent in FY11, from Rs 1.3
Billion Rs.
increased by 7.9 percent in FY11, increased from
billion in FY10 to Rs 2.0 billion in FY11.
6.0
5.0
4.0
3.0
2.0
1.0
0.0
-1.0
-2.0
-3.0
FY 10
4.3 4.6
FY 11
4.8
Growth%
80%
4.3
63%
60%
2.0
40%
1.3
20%
TE
8%
SC
RV
-10%
UPL 2%
-1.8-1.7
0%
-20%
Total liabilities decreased from Rs.32.7 billion in
Composition of item of non-current liabilities
FY10 to Rs. 28.7 billion showing a decrease of

12.3 percent during FY11. The long term
liabilities
comprises
of
borrowings
Billion Rs
100%
from
80%
financial and other institutions (BFI), deposit on
60%
finance lease (DFL) and other miscellaneous
40%
liabilities (MISC). The composition of BFI, DFL

and MISC was 20.5, 32.4 and 47.1 percent
MISC
5.8(34%)
6.8(47%)
DFL
6.3(37%)
20%
4.6(32%)
5.0(29%)
3.0(21%)
BFI
0%
FY 10
FY 11
respectively of non-current liabilities for the year FY11. BFI decreased from Rs 5.0 billion to Rs 3.0
billion in FY11. Similarly, DFL decreased from Rs 6.3 billion in FY10 to Rs. 4.7 billion in FY11,
showing a decline of 26.3 percent in FY11.
82
2011
Current liabilities were Rs 15.6 billion in FY10, and Rs 14.2 billion in FY11, showing a decline of 8.5
percent. The ratios of current liabilities to total liabilities in FY10 and FY11 have been 47.6 and 49.7
percents indicating an increase in FY11.
ANALYSIS OF ASSETS
Total assets of leasing sector were Rs 33.5
Non Current Assets

FY 10
billion in FY11 as against Rs 37.1 billion in

FY10, showing a decline of 9.5 percent over
Billion Rs.
the previous year. Net investment in finance

lease contributed 74.2 percent of Non-current
assets in FY11; showing a decrease of 1.7
percent to reach Rs 13.0 billion in FY11 from
20
18
16
14
12
10
8
6
4
2
0
FY 11
Growth%
3%
17.717.4
2%
2%
1%
13.2 13.0
0%
-1%
-1%
-2%
-2%
1.6 1.6
-4%
2.9 2.9
-3%
-4%
-5%
NCA
Rs 13.2 billion in FY10. Fixed assets (FA)
NIFL
FA
MISC
comprise 9.0 percent of non-current assets and other/miscellaneous assets had 16.8 percent of noncurrent assets in FY11. FA declined by 4.2 percent while other/miscellaneous increased by 1.8 percent
in FY11.
Current assets (CA) were Rs 19.4 billion in
Current Assets
FY10 and decreased by 17.0 percent to reach

20.0
percent of total assets in FY11 which were
15.0
52.3 percent of total assets in FY10. Current
Billon Rs.
Rs 16.1 billion in FY11. CA constituted 48.0
assets comprise of cash and cash equivalents
19.4
10.0
16.1
FY 10
5.0
FY 11
2.4
CA
(CCE) and other/ misc. current assets (OCA).
17.0
1.6
0.0
14.5
CCA
Cash and balances with treasury banks, term
OCA
deposit certificates and other money market

placements, have shown negative growths of 92.4, 47.9 and 13.6 percents respectively in FY11 over
FY10. OCA constituted 87.6 percent of CA in FY10 and 89.9 percent of CA in FY11, showing a
decline of 14.8 percent in FY11.
83
2011
PROFITABILITY AND OPERATING EFFICIENCY

The profit and loss account of leasing sector
Profit & Loss Account
indicates that prominent source of revenue
4.0
generation is still income from finance lease,
3.5
which was Rs. 2.9 billion in FY10, decreased
2.5
Income from finance lease and operating lease

are components of income from lease (IL). IL
showed decline of 3.7 percent during FY11.
FY 11
Growth%
150%
126%
111%
3.0
Billion Rs.
by 4.7 percent to Rs 2.8 billion in FY11.
FY 10
3.7 3.6
100%
50%
2.0
1.5
1.2
-4%
1.0
0.5
0.1 0.0
0.0
-0.5
IL
II
-98%
0%
1.0 0.9-11%
0.6
-50%
OI
0.2
AE
PBT
-100%
PAT
-0.6
-0.7
-1.0
-50%
0.1
-150%
Income from investment (II) declined by 98.2 percent and other income (OI) by 49.9 percent in FY11.
Administrative expenses (AE) were Rs 1.0 billion in FY10 decreased to Rs. 928 million during FY11.
Profits before and after taxation were Rs.176.2 million and Rs. 64.6 million respectively in FY11.
Return on equity (ROE), return on
capital employed (ROCE) ,return on
assets (ROA) and return on revenue
(ROR) remained in the positive zone
during FY11.
Profitability Ratios
4%
1.4%
2%
0.9%
1.5%
0.2%
0%
-2%
FY 10
ROE
-4%
ROCE
ROA
-1.7%
ROR
-3.1%
-6%
-8%
-10%
FY 11
-12%
-12.2%
-14%
-16%
-14.4%
84
Leasing Companies - Overall

Items
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
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
6,835,258
5,000,877
2,921,318
(1,086,937)
292,972
57,608,954
32,451,522
6,195,363
12,064,697
14,191,462
25,157,432
64,737,184
36,625,175
27,246,649
2,179,287
7,199,239
28,112,009
222,362
2,285,167
2,065,144
1,185,922
5,758,595
22,353,414
7,080,248
4,460,666
2,410,646
208,936
30,256
56,628,753
36,481,901
6,765,089
16,436,318
13,280,494
20,146,852
63,739,257
35,673,385
29,729,111
2,029,242
3,915,032
28,065,872
306,799
1,166,953
719,556
947,040
3,140,348
24,925,524
5,699,127
4,782,365
1,735,115
(818,353)
(97,545)
49,869,729
30,995,512
5,647,750
14,343,156
11,004,606
18,874,217
55,471,311
27,998,647
21,840,207
1,954,976
4,203,464
27,472,664
554,843
597,845
1,627,672
864,832
3,645,192
23,827,472
4,262,889
4,764,964
1,257,006
(1,759,081)
141,757
32,681,664
17,120,915
4,991,653
6,347,260
5,782,002
15,560,749
37,086,310
17,687,778
13,171,916
1,641,203
2,874,659
19,398,532
6,723
262,290
1,614,842
525,124
2,408,979
16,989,553
4,599,848
4,277,214
2,048,172
(1,725,538)
275,546
28,672,259
14,432,241
2,960,044
4,680,145
6,792,052
14,240,018
33,547,653
17,448,877
12,950,696
1,571,968
2,926,213
16,098,776
514
335,190
841,296
453,553
1,630,553
14,468,223
4,739,085
1,001,255
5,740,340
152,621
884,695
6,777,656
1,222,244
(479,403)
(491,665)
4,813,303
944,022
5,757,325
266,823
1,655,426
7,679,574
1,253,641
476,818
598,955
4,445,437
936,782
5,382,219
153,329
828,022
6,363,570
1,314,381
(1,520,635)
(1,416,180)
2,908,978
817,667
3,726,645
108,335
1,207,546
5,042,526
1,047,419
(673,912)
(615,564)
2,772,786
817,592
3,590,378
2,003
605,567
4,197,948
927,627
176,225
64,655
957,667
734,045
478,215
476,475
427,720
N/A
N/A
1,724,576
N/A
N/A
1,656,175
N/A
N/A
4,585,308
N/A
N/A
2,242,989
N/A
N/A
1,236,917
-7.19%
-1.21%
-0.76%
-7.25%
84.70%
-2.49
-0.51
8.46%
1.09%
0.94%
7.80%
74.97%
2.09
0.82
-24.85%
-4.16%
-2.55%
-22.25%
84.58%
-0.93
-2.96
-14.44%
-3.13%
-1.66%
-12.21%
73.90%
-1.70
-1.29
1.41%
0.91%
0.19%
1.54%
85.53%
14.35
0.15
8.90%
42.09%
1.12
0.89
4.93%
46.64%
1.39
0.89
6.57%
39.37%
1.46
0.90
6.50%
35.52%
1.25
0.88
4.86%
38.60%
1.13
0.85
10.56%
7.14
11.11%
9.65
10.27%
11.92
11.49%
8.95
13.71%
10.75
-3.51
0.07
2.77
0.08
-3.24
0.24
-3.64
0.14
19.13
0.09

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)
E.Other items
2.Cash dividend
3.Stock dividend

2.Return on capital employed (ROCE) (D8/(C-B2))
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)
3.Current assets to current liabilities (C2/B2) (times)
4.Total liabilities to total assets (B/C) (times)
H.Capital /leverage ratios

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)
85
Grays Leasing Limited

Items
1.Share capital
2.Reserves
4.Others


b.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
268,470
200,000
58,625
9,845
21,019
1,446,071
915,190
438,833
346,499
129,858
530,881
1,735,560
1,003,690
926,087
58,699
18,904
731,870
15
4,569
0
697,012
701,596
30,274
259,238
200,000
58,625
613
19,969
1,293,288
798,343
372,353
369,898
56,092
494,945
1,572,495
881,707
773,432
92,123
16,152
690,788
21
20,793
0
641,375
662,189
28,599
202,112
215,000
58,625
(71,513)
18,970
852,115
262,733
96,968
141,555
24,210
589,382
1,073,197
289,847
189,313
89,373
11,161
783,350
36
16,199
0
763,478
779,713
3,637
101,581
215,000
58,625
(172,044)
18,022
554,619
43,384
4,796
33,888
4,700
511,235
674,222
144,025
67,666
65,676
10,683
530,197
30
14,000
0
512,481
526,511
3,686
75,433
215,000
58,625
(198,192)
76,108
310,943
281,847
62,378
219,469
0
29,096
462,484
18,940
2,100
16,493
347
443,544
20
11,170
0
431,553
442,743
801
145,189
0
145,189
0
17,507
162,696
31,842
23,250
15,458
129,584
8,317
137,901
0
15,055
152,956
38,556
(9,571)
(10,283)
91,969
3,415
95,384
0
10,931
106,315
36,188
(74,578)
(56,520)
50,634
5,425
56,059
0
10,361
66,420
27,767
(118,232)
(101,478)
18,842
988
19,830
0
10,780
30,610
(20,628)
(42,506)
(44,170)
20,000
0.00%
0.00%
(167,344)
20,000
0.00%
0.00%
171,193
21,500
0.00%
0.00%
(24,336)
21,500
0.00%
0.00%
(24,634)
21,500
0.00%
0.00%
(27,623)
5.76%
1.93%
0.89%
9.50%
89.24%
2.06
0.77
-0.04%
-0.01%
-0.01%
-0.07%
0.90%
-3.75
-0.51
-27.96%
-15.41%
-5.27%
-53.16%
89.72%
-0.64
-2.63
-99.90%
-72.54%
-15.05%
-152.78%
84.40%
-0.27
-4.72
-58.56%
-9.81%
-9.55%
-144.30%
64.78%
0.47
-2.05
40.42%
53.36%
1.38
0.83
0.42%
0.49%
1.40
0.82
72.65%
17.64%
1.33
0.79
78.09%
10.04%
1.04
0.82
95.73%
0.45%
15.24
0.67
15.47%
13.42
0.17%
12.96
18.83%
9.40
15.07%
4.72
16.31%
3.51
-10.83
-0.32
-16.65
0.35
0.43
-0.04
0.24
-0.05
0.63
-0.95

5.Other income
E.Other items
2.Cash dividend
3.Stock dividend

G.Liquidity ratios

I.Cash flow ratio

86
NBP Leasing Limited

Items
1.Share capital
2.Reserves
4.Others


b.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
720,708
500,000
88,932
131,776
(97,976)
293,173
67,008
0
66,017
991
226,165
915,905
353,502
194,096
6,498
152,908
562,403
1,301
2,394
218,315
0
222,010
340,393
617,815
500,000
88,932
28,883
(35,573)
99,621
40,441
0
40,441
0
59,180
681,863
289,984
109,761
4,996
175,227
391,879
22
111,296
119,934
0
231,252
160,627
648,916
500,000
95,152
53,764
(21,891)
110,680
54,165
0
52,281
1,884
56,515
737,705
373,074
189,948
7,612
175,514
364,631
121
6,065
121,028
0
127,214
237,417
705,192
500,000
106,407
98,785
(17,939)
215,889
88,612
0
86,935
1,677
127,277
903,142
592,851
394,831
9,374
188,646
310,291
318
7,044
51,152
0
58,514
251,777
41,503
1,167
42,670
52,966
12,814
108,450
24,802
853
10,915
27,145
294
27,439
36,832
3,663
67,934
29,087
(126,024)
(102,893)
19,463
48,927
68,390
51
0
68,441
34,519
34,017
31,101
48,166
46,215
94,381
0
0
94,381
44,826
57,080
56,276
50,000
0.00%
0.00%
148,975
50,000
0.00%
0.00%
151,088
50,000
0.00%
0.00%
(69,226)
50,000
0.00%
0.00%
(232,366)
1.51%
0.12%
1.19%
10.06%
39.35%
2.27
0.22
-16.65%
-20.24%
-15.09%
-151.46%
40.39%
-0.28
-2.06
4.79%
4.99%
4.22%
45.44%
99.93%
1.11
0.62
7.98%
7.36%
6.23%
59.63%
100.00%
0.80
1.13
24.24%
21.19%
2.49
0.32
33.91%
16.10%
6.62
0.15
17.24%
25.75%
6.45
0.15
6.48%
43.72%
2.44
0.24
78.69%
14.41
90.61%
12.36
87.96%
12.98
78.08%
14.10
13.65
0.66
-1.47
2.55
-2.23
-1.22
-4.13
-1.83

5.Other income
E.Other items
2.Cash dividend
3.Stock dividend

G.Liquidity ratios

I.Cash flow ratio

87
Orix Leasing Pakistan Limited

Items
1.Share capital
2.Reserves
4.Others


b.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,378,881
694,785
1,684,096
0
0
23,777,103
14,592,625
1,035,300
6,179,578
7,377,747
9,184,478
26,155,984
16,003,111
9,559,458
751,180
5,692,473
10,152,873
42,231
0
498,383
0
540,614
9,612,259
2,603,868
694,785
1,576,899
332,184
0
25,211,112
20,175,342
3,602,959
9,913,743
6,658,640
5,035,770
27,814,980
15,876,126
13,169,849
832,333
1,873,944
11,938,854
207,557
0
261,519
0
469,076
11,469,778
2,077,910
820,528
1,052,604
204,778
0
25,245,296
17,807,230
3,864,826
8,100,984
5,841,420
7,438,066
27,323,206
13,465,632
9,828,123
1,121,881
2,515,628
13,857,574
528,227
0
1,467,281
0
1,995,508
11,862,066
2,016,356
820,529
1,195,827
0
0
21,762,670
12,963,244
3,186,110
4,543,263
5,233,871
8,799,426
23,779,026
11,918,496
9,130,304
1,075,338
1,712,854
11,860,530
0
128,632
1,216,429
0
1,345,061
10,515,469
2,160,686
820,529
1,340,157
0
87,013
19,554,519
11,093,605
2,172,519
3,165,148
5,755,938
8,460,914
21,802,218
12,238,277
9,109,645
1,266,877
1,861,755
9,563,941
0
242,277
358,263
0
600,540
8,963,401
2,174,914
500,545
2,675,459
23,191
234,426
2,933,076
412,423
395,579
334,079
2,378,393
535,434
2,913,827
33,330
504,110
3,451,267
516,826
351,609
266,609
2,374,476
589,621
2,964,097
83,641
475,772
3,523,510
651,523
(428,715)
(467,096)
2,066,884
625,848
2,692,732
70,258
994,309
3,757,299
599,756
125,956
104,784
2,107,805
648,815
2,756,620
0
433,383
3,190,003
548,631
226,585
144,673
237,888
35.00%
0.00%
2,174,548
69,478
15.00%
15.00%
549,478
82,053
0.00%
0.00%
2,690,983
82,053
0.00%
0.00%
945,394
82,053
10.00%
0.00%
801,778
14.04%
2.33%
1.28%
11.39%
91.22%
1.23
1.40
0.10%
0.02%
0.01%
0.08%
0.84%
1.94
3.84
-22.48%
-2.16%
-1.71%
-13.26%
84.12%
-1.39
-5.69
5.20%
0.84%
0.44%
2.79%
71.67%
5.72
1.28
6.70%
1.70%
0.66%
4.54%
86.41%
3.79
1.76
2.07%
36.55%
1.11
0.91
0.02%
0.47%
2.37
0.91
7.30%
35.97%
1.86
0.92
5.66%
38.40%
1.35
0.92
2.75%
41.78%
1.13
0.90
9.09%
10.00
0.09%
37.48
7.60%
25.32
8.48%
24.57
9.91%
26.33
6.51
0.24
2.06
0.11
-5.76
0.36
9.02
0.11
5.54
0.09

5.Other income
E.Other items
2.Cash dividend
3.Stock dividend

G.Liquidity ratios

I.Cash flow ratio

88
Pak-Gulf Leasing Company Limited

Items
1.Share capital
2.Reserves
4.Others


b.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
244,513
193,698
27,410
23,405
26,716
298,066
157,982
8,582
128,636
20,764
140,084
569,295
313,701
257,958
51,530
4,213
255,594
0
236,923
0
0
236,923
18,671
256,702
193,698
29,580
33,424
24,871
282,308
151,144
0
129,971
21,173
131,164
563,881
354,788
303,813
47,894
3,081
209,093
0
181,497
0
0
181,497
27,596
333,766
253,698
32,556
47,512
47,865
324,924
227,757
25,000
161,465
41,292
97,167
706,555
473,944
391,013
82,710
221
232,611
0
182,279
0
0
182,279
50,332
346,117
253,698
37,041
55,378
44,150
309,837
235,872
8,333
178,168
49,371
73,965
700,104
447,104
366,450
77,532
3,122
253,000
0
6,233
1,530
0
7,763
245,237
364,255
253,698
41,785
68,772
41,756
410,023
288,464
25,000
198,580
64,884
121,559
816,034
527,791
450,676
73,978
3,137
288,243
0
2,237
1,745
0
3,982
284,261
0
49,243
49,243
725
1,201
51,169
24,405
500
2,660
0
49,767
49,767
703
150
50,620
18,028
12,164
10,849
0
53,666
53,666
5,184
349
59,199
18,669
23,023
14,878
0
64,158
64,158
4,738
487
69,383
19,884
32,273
21,249
0
64,474
64,474
0
4,724
69,198
31,455
33,900
15,528
19,370
0.00%
8.00%
93,017
19,370
0.00%
0.00%
7,472
25,370
0.00%
0.00%
(31,254)
25,370
5.00%
0.00%
43,228
25,370
0.00%
0.00%
(48,250)
1.09%
0.12%
0.47%
5.20%
96.24%
9.17
0.14
0.04%
0.03%
0.02%
0.21%
0.98%
1.66
0.56
4.46%
3.78%
2.11%
25.13%
90.65%
1.25
0.59
6.14%
5.15%
3.04%
30.63%
92.47%
0.94
0.84
4.26%
4.88%
1.90%
22.44%
93.17%
2.03
0.61
41.62%
45.31%
1.82
0.52
0.32%
0.54%
1.59
0.50
25.80%
55.34%
2.39
0.46
1.11%
52.34%
3.42
0.44
0.49%
55.23%
2.37
0.50
42.95%
12.62
0.46%
13.25
47.24%
13.16
49.44%
13.64
44.64%
14.36
34.97
0.66
0.69
0.06
-2.10
-0.32
2.03
0.58
-3.11
-0.40

5.Other income
E.Other items
2.Cash dividend
3.Stock dividend

G.Liquidity ratios

I.Cash flow ratio

89
SME Leasing Limited

Items
1.Share capital
2.Reserves
4.Others


b.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
435,240
320,000
115,240
0
0
1,481,629
921,757
724,182
0
197,575
559,872
1,916,869
1,260,940
1,206,948
11,240
42,752
655,929
23,705
569,842
0
0
593,547
62,382
419,363
320,000
48,466
50,897
(8,783)
1,569,329
895,907
340,486
181,250
374,171
673,422
1,979,909
1,221,954
1,146,981
9,711
65,262
757,955
33,964
31,308
0
0
65,272
692,683
349,615
320,000
48,466
(18,851)
1,649
1,239,513
529,821
98,236
428,318
3,267
709,692
1,590,777
957,777
907,451
13,861
36,465
633,000
36
22,411
0
0
22,447
610,553
299,829
320,000
48,466
(68,637)
3,835
685,972
297,074
12,659
280,353
4,062
388,898
989,636
470,485
432,543
23,402
14,540
519,151
26
11,877
28,660
0
40,563
478,588
237,289
320,000
48,466
(131,177)
184
552,010
98,820
14,111
72,496
12,213
453,190
789,483
207,162
158,289
23,017
25,856
582,321
9
10,407
3,864
0
14,280
568,041
155,282
272
155,554
250
15,954
171,758
46,856
35,109
30,667
134,241
0
134,241
5,663
15,951
155,855
43,631
2,275
7,711
104,603
0
104,603
(4,674)
19,268
119,197
47,631
(70,560)
(69,748)
73,469
1,079
74,548
0
11,043
85,591
44,709
(47,388)
(49,786)
44,260
0
44,260
0
15,459
59,719
47,250
(61,943)
(62,540)
320,000
0.00%
0.00%
(102,504)
320,000
0.00%
0.00%
92,656
32,000
0.00%
0.00%
236,228
32,000
0.00%
0.00%
231,733
32,000
0.00%
0.00%
31,297
7.05%
2.59%
1.60%
17.85%
90.57%
1.53
0.10
0.02%
0.00%
0.00%
0.05%
0.86%
5.66
0.02
-19.95%
-8.01%
-4.38%
-58.51%
87.76%
-0.68
-2.18
-16.60%
-7.89%
-5.03%
-58.17%
87.10%
-0.90
-1.56
-26.36%
-18.42%
-7.92%
-104.72%
74.11%
-0.76
-1.95
30.96%
62.96%
1.17
0.77
0.03%
0.58%
1.13
0.79
1.41%
57.04%
0.89
0.78
4.10%
43.71%
1.33
0.69
1.81%
20.05%
1.28
0.70
22.71%
1.36
0.21%
1.31
21.98%
10.93
30.30%
9.37
30.06%
7.42
-3.34
-0.18
12.02
0.14
-3.39
0.33
-4.65
0.60
-0.50
0.07

5.Other income
E.Other items
2.Cash dividend
3.Stock dividend

G.Liquidity ratios

I.Cash flow ratio

90
Saudi Pak Leasing Company Limited

Items
1.Share capital
2.Reserves
4.Others


b.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
653,642
430,100
136,164
87,378
(15,305)
5,899,994
2,028,497
0
846,942
1,181,555
3,871,497
6,538,331
2,610,090
2,281,114
208,861
120,115
3,928,241
306
955,381
407,294
0
1,362,981
2,565,260
684,097
451,605
150,857
81,635
(136,762)
6,888,051
2,441,650
0
1,070,376
1,371,274
4,446,401
7,435,386
3,313,267
2,941,966
256,383
114,918
4,122,119
49,704
419,779
11,250
0
480,733
3,641,386
217,148
451,605
148,257
(382,714)
(144,934)
5,830,720
2,648,890
0
876,653
1,772,237
3,181,830
5,902,934
2,233,638
1,880,876
260,795
91,967
3,669,296
14,125
108,866
1,013
0
124,004
3,545,292
(123,738)
451,605
148,257
(723,600)
25,261
4,569,990
1,769,358
632,000
692,925
444,433
2,800,632
4,471,513
1,408,863
1,069,278
119,283
220,302
3,062,650
30
18,511
184,682
0
203,223
2,859,427
(239,548)
451,605
148,257
(839,410)
23,664
3,378,209
1,100,629
0
164,269
936,360
2,277,580
3,162,325
765,287
453,840
99,760
211,687
2,397,038
36
31,665
184,144
0
215,845
2,181,193
442,389
38,237
480,626
0
241,056
721,682
100,664
70,698
54,198
479,905
74,835
554,740
0
316,561
871,301
105,283
90,865
73,465
437,132
62,221
499,353
0
177,970
677,323
112,291
(527,197)
(458,059)
277,855
25,474
303,329
0
132,554
435,883
97,227
(419,636)
(342,754)
135,665
9,968
145,633
0
73,932
219,565
90,227
(165,937)
(117,678)
43,010
10.00%
0.05%
(618,070)
45,160
0.00%
0.00%
(240,840)
45,160
0.00%
0.00%
823,319
45,160
0.00%
0.00%
930,274
45,160
0.00%
0.00%
935,483
8.29%
2.65%
0.83%
7.51%
66.60%
1.86
1.26
0.11%
0.03%
0.01%
0.08%
0.64%
1.43
1.63
-210.94%
-19.37%
-7.76%
-67.63%
73.72%
-0.25
-10.14
277.00%
-25.11%
-7.67%
-78.63%
69.59%
-0.28
-7.59
49.13%
-18.76%
-3.72%
-53.60%
66.33%
-0.77
-2.61
20.85%
34.89%
1.01
0.90
0.07%
0.40%
0.93
0.93
2.10%
31.86%
1.15
0.99
4.54%
23.91%
1.09
1.02
6.83%
14.35%
1.05
1.07
10.00%
15.20
0.09%
15.15
3.68%
4.81
-2.77%
-2.74
-7.58%
-5.30
-11.40
-0.16
-3.28
-0.05
-1.80
0.26
-2.71
0.33
-7.95
0.41

5.Other income
E.Other items
2.Cash dividend
3.Stock dividend

G.Liquidity ratios

I.Cash flow ratio

91
Security Leasing Corporation Limited

Items
1.Share capital
2.Reserves
4.Others


b.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
603,561
513,000
76,506
14,055
(33,407)
4,830,329
2,461,165
1,518,750
939,829
2,586
2,369,164
5,400,483
3,001,377
2,467,054
209,844
324,479
2,399,106
39,110
0
20,743
396,770
456,623
1,942,483
592,370
475,500
118,867
(1,997)
23,776
4,961,128
2,632,668
1,602,207
1,027,875
2,586
2,328,460
5,577,274
3,108,830
2,302,632
246,681
559,517
2,468,444
60
38,634
4,814
305,665
349,173
2,119,271
215,787
438,028
118,867
(341,108)
22,547
3,727,834
1,812,607
1,157,747
654,860
0
1,915,227
3,966,168
2,010,853
1,222,343
204,684
583,826
1,955,315
0
3,750
680
101,354
105,784
1,849,531
59,449
438,028
118,867
(497,446)
21,319
2,668,937
1,432,902
1,147,358
285,544
0
1,236,035
2,749,705
1,114,513
494,912
161,314
458,287
1,635,192
34
2,517
1,305
12,643
16,499
1,618,693
107,003
438,028
118,867
(449,892)
24,830
1,704,673
919,091
686,036
233,055
0
785,582
1,836,506
739,448
328,129
13,844
397,475
1,097,058
22
7,059
9,110
22,000
38,191
1,058,867
380,357
60,307
440,664
0
146,166
586,830
78,817
48,856
40,258
383,218
58,595
441,813
0
556,615
998,428
89,305
(10,039)
211,810
321,161
46,438
367,599
(108,625)
(60,802)
198,172
99,937
(468,114)
(357,797)
149,924
21,398
171,322
(49,674)
8,467
130,115
93,118
(291,909)
(273,954)
100,876
15,418
116,294
(625)
26,066
141,735
83,622
(13,899)
(24,785)
51,300
9.10%
0.00%
(286,125)
47,550
9.10%
0.00%
152,826
43,802
0.00%
0.00%
57,319
43,802
0.00%
0.00%
201,632
43,802
0.00%
0.00%
251,530
6.67%
1.61%
0.75%
6.86%
75.09%
1.96
0.78
0.36%
0.00%
0.04%
0.21%
0.44%
0.42
4.45
-165.81%
-22.82%
-9.02%
-180.55%
185.49%
-0.28
-8.17
-460.82%
-19.28%
-9.96%
-210.55%
131.67%
-0.34
-6.25
-23.16%
-1.32%
-1.35%
-17.49%
82.05%
-3.37
-0.57
8.46%
45.68%
1.01
0.89
0.06%
0.41%
1.06
0.89
2.67%
30.82%
1.02
0.94
0.60%
18.00%
1.32
0.97
2.08%
17.87%
1.40
0.93
11.18%
11.77
0.11%
12.46
5.44%
4.93
2.16%
1.36
5.83%
2.44
-7.11
-0.12
0.72
0.07
-0.16
0.03
-0.74
0.16
-10.15
0.32

5.Other income
E.Other items
2.Cash dividend
3.Stock dividend

G.Liquidity ratios

I.Cash flow ratio

92
Sigma Leasing Corporation Limited

Items
1.Share capital
2.Reserves
4.Others


b.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
369,474
300,000
50,946
18,528
55,320
1,206,344
580,937
245,820
2,412
332,705
625,407
1,631,138
832,503
743,642
87,703
1,158
798,635
61
28,172
103,133
0
131,366
667,269
331,993
300,000
61,861
(29,868)
55,194
982,953
479,120
141,667
1,739
335,714
503,833
1,370,140
627,911
541,329
85,513
1,069
742,229
58
73,089
163,257
0
236,404
505,825
306,303
300,000
61,862
(55,559)
40,476
632,691
315,918
33,333
1,077
281,508
316,773
979,470
361,974
278,688
82,337
949
617,496
67
97,559
137,332
0
234,958
382,538
313,321
300,000
63,209
(49,888)
54,953
163,218
70,515
397
39,048
31,070
92,703
531,492
201,727
119,243
81,654
830
329,765
65
48,354
60,118
0
108,537
221,228
334,524
300,000
67,424
(32,900)
43,823
133,229
78,862
0
57,882
20,980
54,367
511,576
176,560
108,608
67,609
343
335,016
57
23,317
213,618
0
236,992
98,024
134,262
1,040
135,302
0
21,456
156,758
19,641
68,424
60,684
123,397
11,100
134,497
0
22,261
156,758
23,854
58,147
54,580
84,095
5,192
89,287
0
10,540
99,827
24,054
(74,417)
(67,860)
43,171
184
43,355
0
31,844
75,199
24,326
(486)
6,736
25,052
19,585
44,637
0
3,841
48,478
20,553
25,600
21,077
30,000
16.00%
0.00%
5,867
30,000
11.00%
0.00%
377,294
30,000
0.00%
0.00%
325,976
30,000
0.00%
0.00%
210,019
30,000
5.00%
0.00%
109,863
16.42%
6.80%
3.72%
38.71%
86.31%
0.32
2.02
0.16%
0.07%
0.04%
0.35%
0.86%
0.44
1.82
-22.15%
-11.23%
-6.93%
-67.98%
89.44%
-0.35
-2.26
2.15%
-0.11%
1.27%
8.96%
57.65%
3.61
0.22
6.30%
5.60%
4.12%
43.48%
92.08%
0.98
0.70
8.05%
45.59%
1.28
0.74
0.17%
0.40%
1.47
0.72
23.99%
28.45%
1.95
0.65
20.42%
22.44%
3.56
0.31
46.33%
21.23%
6.16
0.26
22.65%
12.32
0.24%
11.07
31.27%
10.21
58.95%
10.44
65.39%
11.15
0.10
0.01
6.91
0.75
-4.80
1.03
31.18
2.27
5.21
2.02

5.Other income
E.Other items
2.Cash dividend
3.Stock dividend

G.Liquidity ratios

I.Cash flow ratio

93
Standard Chartered Leasing Limited

Items
1.Share capital
2.Reserves
4.Others


b.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
272,359
391,342
94,407
(213,390)
5,063
2,518,434
1,272,300
386,667
445,554
440,079
1,246,134
2,795,856
1,531,166
1,237,142
7,735
286,289
1,264,690
11,245
170
0
0
11,415
1,253,275
209,098
391,342
94,407
(276,651)
(853)
1,543,716
460,871
66,667
285,129
109,075
1,082,845
1,751,961
811,401
567,724
9,618
234,059
940,560
7
5,040
14,698
0
19,745
920,815
736,138
978,354
94,408
(336,624)
(3,893)
1,269,281
304,736
0
201,334
103,402
964,545
2,001,526
1,292,056
1,043,785
6,734
241,537
709,470
7
5,287
5,741
0
11,035
698,435
778,743
978,354
102,929
(302,540)
(3,892)
1,580,409
230,248
0
228,521
1,727
1,350,161
2,355,260
1,561,028
1,279,678
3,699
277,651
794,232
32
8,518
1,025
0
9,575
784,657
855,014
978,354
118,184
(241,524)
(3,893)
2,412,764
482,311
0
482,311
0
1,930,453
3,263,885
2,182,561
1,944,578
1,016
236,967
1,081,324
52
14
19,400
0
19,466
1,061,858
3,288
264,060
267,348
102
37,341
304,791
71,459
(394,651)
(234,609)
0
150,715
150,715
7,493
23,297
181,505
48,561
(56,738)
(63,262)
0
165,421
165,421
0
14,464
179,885
53,833
(56,552)
(59,973)
206,423
18,709
225,132
269
16,159
241,560
70,626
65,547
42,606
292,120
12,129
304,249
2,628
37,382
344,259
81,691
117,345
76,274
39,134
0.00%
0.00%
1,041,962
39,134
0.00%
0.00%
605,369
97,835
0.00%
0.00%
(434,775)
97,835
0.00%
0.00%
(220,574)
97,835
5.00%
0.00%
(584,795)
-86.14%
-25.47%
-8.39%
-76.97%
87.72%
-0.30
-6.00
-0.30%
-0.09%
-0.04%
-0.35%
0.83%
-0.77
-1.62
-8.15%
-5.45%
-3.00%
-33.34%
91.96%
-0.90
-0.61
5.47%
6.52%
1.81%
17.64%
93.20%
1.66
0.44
8.92%
8.80%
2.34%
22.16%
88.38%
1.07
0.78
0.41%
44.25%
1.01
0.90
0.01%
0.32%
0.87
0.88
0.55%
52.15%
0.74
0.63
0.41%
54.33%
0.59
0.67
0.60%
59.58%
0.56
0.74
9.74%
6.96
0.12%
5.34
36.78%
7.52
33.06%
7.96
26.20%
8.74
-4.44
0.84
-9.57
0.56
7.25
-0.45
-5.18
-0.16
-7.67
-0.30

5.Other income
E.Other items
2.Cash dividend
3.Stock dividend

G.Liquidity ratios

I.Cash flow ratio

94
2011
INVESTMENT BANKS
The performance of investment banks has deteriorated over the year. Analysis revealed that their
balance sheet size squeezed by 7.2 percent in FY11 over FY10. The aggregate share capital remained
same. Losses before and after tax have been Rs. 0.6 billion and Rs. 0.7 billion respectively in FY11.
Gross revenue also witnessed a decrease of 17.0 percent during FY11.
Shareholder's Equity
FY 10
Total shareholders equity (TE) at Rs 4.0
10.0
billion in FY10 shrank to Rs 3.0 billion in
6.0
FY11 over FY10. Share Capital (SC) was Rs
Growth%
10%
8.0
Billion Rs.
FY11 reflecting a decrease of 24.0 percent in
FY 11
0%
0%
4.0
-5%
2.0
-10%
-15%
0.0
-2.0
8.8 billion in both FY10 and FY11.
5%
4%
-4.0
TE
SC
RV
UPL
-24%
-20%
-25% -25%
-6.0
-30%
Total liabilities witnesses a decline of 4.1 percent from Rs 22.6 billion in FY10 to Rs 21.7 billion in
FY11. Share Composition of current and non-current liabilities to total liabilities was 83.0 and 17.0
percent respectively in FY11 as against 77.3 and 22.7 percent in FY10. Current liabilities at Rs 17.5
billion in FY10 increased by 3.0 percent to reach Rs 18.0 billion in FY11.
ANALYSIS OF ASSETS
Current Assets
Total assets declined by 7.2 percent during

Rs 26.5 billion in FY10 to Rs 24.6 billion in
FY11. Total current assets were however Rs
Billion Rs.
FY11. In absolute terms they decreased from
18.3 billion in FY10 as against Rs 18.9 billion

in FY11, showing an increase of 3.1 percent.
20.0
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
18.3 18.9
18.5
FY 10
FY 11
0.6 0.3
Current Assets
(CA)
Cash and bank balances at Rs 0.3 billion in
17.7
Cash & Bank Bal.
Other CA
FY11, showing a decline of 44.8 over FY10. Other current assets at Rs 18.5 billion in FY11, reflecting
an increase of 4.8 over FY10.
95
Total non-current assets at Rs 5.7 billion in
2011
Non- Current Assets
FY11 showing a decrease of 30.1 percent over

FY10. The main constituent was long-term
Billion Rs.
investment which was 35.0 percent of noncurrent assets in FY11. Long-term investments
at Rs 2.0 billion in FY11 decreased by 32.3
percent form Rs 3.0 billion in FY10. The fixed
FY 10
8.2
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
FY 11
0%
-5%
5.7
-10%
-15%
4.2
-21%
3.0
-20%
2.9
2.0
-25%
1.1 0.9
-30%
-32%
Non-Current Fixed Assets

Assets
assets formation in investment banks at Rs 0.9
Growth%
Long Trem
Invt.
-31% -30%
-35%
Other NCA
billion in FY11 were Rs 1.1 billion in FY10.

Gross revenue at Rs 2.4 billion in FY11
Profit & Loss Account
decreased by 17.0 percent from Rs 2.9 billion
FY 10
in FY10. The administrative and operating
3.0
expenses showed a decrease of 32.0 percent in
2.0
in both FY10 and FY11.
Operating profit
Growth%
80%
2.9
66%
2.4
2.2
1.5
45%
20%
0.0
GR
AMIN
OP -1%
FC
-10%
-17%
-2.0
PBT
-0.6
PAT
-0.7
-1.3
0%
-20%
-1.9
-32%
-3.0
gross revenue in the years FY10 and FY11
40%
1.0
-1.0
constituted 47.8 percent and 57.3 percent of
60%
2.0
1.4 1.4
1.0
Billion Rs.
FY11. Operating profit stayed at Rs 1.4 billion
FY 11
4.0
-40%
respectively. Finance cost decreased by10.4 percent to reach Rs 2.0 billion in FY11 from Rs 2.2
billion in FY10. Losses of investment banks before and after taxes were Rs 0.6 billion and Rs 0.7
billion respectively in FY11.
Return on equity (ROE), return on capital
employed (ROCE) ,return on assets (ROA) and
0%
-5%
also return on revenue (ROR) remained in the
-10%
negative zone in FY11.
-20%
ROE
-30%
-35%
-40%
ROA
-3.0%
-5.1%
ROR
FY 10
-9.8%
-15%
-25%
ROCE
FY 11
-20.9%
-24.4%
-34.0%
-30.9%
-45%
-50%
96
-46.9%
Investment Banks - Overall
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
7,500,397
9,526,688
3,861,474
3,956,573
3,006,203
1.Share capital
4,338,053
7,625,153
9,472,352
8,809,385
8,809,385
2.Reserves
1,916,908
1,752,876
(839,614)
(892,104)
(858,319)
3.Unappropriated profit/loss
1,245,436
148,659
(4,771,264)
(3,960,708)
(4,944,863)
Items
4.Others
B.Total liabilities (B1 + B2)

7,989
(711,925)
(135,740)
(69,578)
(95,026)
36,518,018
45,556,092
32,722,638
22,647,951
21,724,900
27,018,735
33,856,343
22,467,310
17,502,134
18,024,891
2.Non-current liabilities
9,499,283
11,699,749
10,255,328
5,145,817
3,700,009
C.Total assets (C1+C2)
44,026,404
54,370,855
36,448,372
26,534,946
24,636,077
1.Current assets (a + b)
32,933,616
38,590,037
22,359,537
18,320,595
18,890,811
a.Cash and banks balances

b.Other current assets
4,926,145
1,792,740
879,937
627,788
346,320
28,007,471
36,797,297
21,479,600
17,692,807
18,544,491
11,092,788
15,780,818
14,088,835
8,214,351
5,745,266
800,487
1,651,142
2,357,479
1,089,410
860,819
b.Long-term investments
7,902,283
9,118,257
3,765,840
2,971,874
2,010,597
c.Other non-current assets
2,390,018
5,011,419
7,965,516
4,153,067
2,873,850
1.Gross revenue
5,554,355
6,599,385
2,808,171
2,862,407
2,374,446
2.Administartive & operating expenses
1,270,194
1,914,881
998,055
1,493,077
1,014,633
3.Operating profit
4,284,161
4,545,526
1,810,116
1,369,330
1,359,813
4.Finance cost
2,571,670
2,977,616
3,259,862
2,235,220
2,002,115
673,562
694,271
(5,043,689)
(1,885,521)
(645,262)
693,041
934,899
(4,063,536)
(1,343,741)
(732,978)
343,804
676,615
857,235
880,939
880,939
a.Fixed assets
E.Other items
1.No. of shares
2.Cash dividend
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
761,062
(1,530,066)
(992,255)
3,104,579
9.24%
9.81%
-105.23%
-33.96%
-24.38%
3.96%
3.38%
-36.08%
-20.87%
-9.76%
1.57%
1.72%
-11.15%
-5.06%
-2.98%
12.48%
14.17%
-144.70%
-46.94%
-30.87%
183.28%
204.82%
-24.56%
-111.11%
-138.43%
2.02
1.38
-4.74
-1.53
-0.83
1.22
1.14
1.00
1.05
1.05
0.83
0.84
0.90
0.85
0.88
17.95%
16.77%
10.33%
11.20%
8.16%
17.04%
17.52%
10.59%
14.91%
12.20%
21.82
14.08
4.50
4.49
3.41
1.10
-1.64
0.24
-2.31
0.89
(650,523)

5.Operating expenses to net income (D2/D6)
G.Liquidity ratios
3.Long term investment to total assets (C2b/C)

I.Cash flow ratio

97
Escorts Investment Bank
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
802,233
851,850
597,403
366,292
304,107
1.Share capital
441,000
441,000
441,000
441,000
441,000
2.Reserves
126,487
154,050
154,050
154,050
154,050
234,746
256,800
2,353
(228,758)
(290,943)
Items
(15,402)
4.Others

7,269
6,824
5,147,829
5,648,593
(3,533)
1,502,971
1,289,870
1,843,908
(2,498)
4,168,563
4,737,057
971,888
866,129
1,726,105
979,266
911,536
531,083
423,741
117,803
5,934,660
6,496,910
2,107,643
1,662,986
2,145,517
5,013,161
5,394,443
1,108,243
851,787
1,712,396
133,428
306,542
19,478
19,508
26,435
4,879,733
5,087,901
1,088,765
832,279
1,685,961
921,499
1,102,467
999,400
811,199
433,121
a.Fixed assets
143,160
135,383
106,581
90,658
82,739
569,162
556,374
544,938
530,943
157,234
209,177
410,710
347,881
189,598
193,148
1.Gross revenue
841,512
804,919
356,524
182,339
226,765
216,349
238,319
141,833
91,007
85,905
3.Operating profit
625,163
566,600
214,691
91,332
140,860
4.Finance cost
163,248
201,267
92,854
32,358
76,167
141,201
94,512
3,803
(111,835)
(64,410)
130,164
137,817
(166,247)
(115,298)
(62,185)

E.Other items
1.No. of shares
44,100
44,100
44,100
44,100
44,100
2.Cash dividend
20.00%
20.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(454,432)
259,937
(124,831)
188,243
134,071
16.23%
16.18%
-27.83%
-31.48%
-20.45%
8.00%
5.37%
0.33%
-14.03%
-15.36%
2.19%
2.12%
-7.89%
-6.93%
-2.90%
15.47%
17.12%
-46.63%
-63.23%
-27.42%
166.21%
172.92%
-85.31%
-78.93%
-138.14%
2.95
3.13
-3.77
-2.61
-1.41
1.20
1.14
1.14
0.98
0.99
0.87
0.87
0.71
0.78
0.86
9.59%
8.56%
25.86%
31.93%
7.33%
13.52%
13.11%
28.34%
22.03%
14.17%
18.19
19.32
13.55
8.31
6.90
-3.49
1.89
0.75
-1.63
-2.16



G.Liquidity ratios

I.Cash flow ratio

98
First Credit and Investment Bank
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
553,901
557,982
808,568
816,442
727,979
1.Share capital
119,582
400,000
650,000
650,000
650,000
2.Reserves
111,350
114,558
116,089
117,663
117,663
322,969
43,424
42,479
48,779
(39,684)
Items
(6,392)
4.Others

(22,388)
(14,967)
(12,586)
1,510,995
1,179,071
(7,800)
1,014,317
663,249
802,483
1,301,977
1,089,771
1,014,217
533,249
594,358
209,018
89,300
100
130,000
208,125
2,058,504
1,729,253
1,800,497
1,464,724
1,517,876
1,279,324
1,000,427
835,328
621,476
699,193

25,187
13,969
31,469
18,898
8,598
1,254,137
986,458
803,859
602,578
690,595
779,180
728,826
965,169
843,248
818,683
12,478
9,730
6,943
4,461
12,072
434,867
629,687
788,163
786,088
676,605
331,835
89,409
170,063
52,699
130,006
190,286
178,306
214,296
164,282
137,804
29,860
39,328
46,240
49,064
49,177
a.Fixed assets

1.Gross revenue
3.Operating profit
160,426
168,056
115,218
88,627
4.Finance cost
102,522
102,461
106,488
81,280
92,344
57,377
24,923
12,751
5,015
(136,419)
55,673
16,038
7,655
7,874
(88,462)
1.No. of shares
11,958
44,100
65,000
65,000
65,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(208,675)
(12,572)
388,496
351,427
(115,855)
10.05%
2.87%
0.95%
0.96%
-12.15%
7.58%
3.90%
1.62%
0.54%
-14.77%
2.71%
0.93%
0.43%
0.54%
-5.83%
29.26%
8.99%
3.57%
4.79%
-64.19%
53.64%
245.22%
604.05%
623.11%
-55.59%
4.66
0.36
0.12
0.12
-1.36
0.98
0.92
0.82
1.17
1.18
0.73
0.68
0.56
0.45
0.53
21.13%
36.41%
43.77%
53.67%
44.58%
26.91%
32.27%
44.91%
55.74%
47.96%
46.32
12.65
12.44
12.56
11.20
-3.75
-0.78
50.75
44.63
1.31
E.Other items

G.Liquidity ratios

I.Cash flow ratio

99
First Dawood Investment Bank

Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,591,618
1,778,996
(403,246)
688,563
615,906
1,342,326
1.Share capital
495,251
569,539
626,493
1,342,326
2.Reserves
896,450
1,024,030
258,210
333,745
333,745
199,917
185,427
(1,287,949)
(987,508)
(1,060,165)
4.Others

(67,871)
(24,762)
10,626,519
9,285,199
5,655,107
(115,445)
2,527,415
1,233,747
8,829,838
7,102,703
4,339,578
1,309,872
656,529
1,796,681
2,182,496
1,315,529
1,217,543
577,218
12,218,137
11,064,195
5,136,416
3,148,107
1,824,891
10,069,105
8,667,974
3,444,409
2,291,378
1,298,387

a.Fixed assets
9,404
33,756
194,340
146,587
114,052
10,059,701
8,634,218
3,250,069
2,144,791
1,184,335
2,149,032
2,396,221
1,692,007
856,729
526,504
11,974
62,028
85,681
9,432
69,471
1,415,586
1,064,499
410,190
22,961
163,947
721,472
1,269,694
1,196,136
824,336
293,086
1,235,302
1,468,881
235,222
292,791
192,259
72,881
97,377
94,049
99,623
88,027

1.Gross revenue
1,162,421
1,371,504
141,173
193,168
104,232
4.Finance cost
840,610
980,004
1,128,269
123,891
18,403
178,477
36,112
(1,807,575)
234,253
12,905
179,520
113,655
(1,791,422)
377,676
(44,024)
1.No. of shares
49,525
56,954
62,649
134,233
134,233
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
15.00%
10.00%
0.00%
0.00%
0.00%
846,221
(256,868)
(485,352)
1,190,133
320,540
11.28%
0.06%
444.25%
54.85%
5.27%
0.01%
-226.84%
12.74%
1.10%
1.47%
0.01%
-34.88%
12.00%
-2.41%
14.53%
0.08%
-761.59%
128.99%
-22.90%
40.60%
0.86%
-5.25%
26.38%
-199.95%
3.63
2.00
-28.59
2.81
-0.33
1.14
1.22
0.79
1.75
1.98
0.87
0.84
1.10
0.80
0.68
11.59%
0.10%
7.99%
0.73%
8.98%
13.03%
0.16%
-7.85%
21.87%
33.75%
32.14
31.24
-6.44
5.13
4.59
4.71
-2.26
0.27
3.15
-7.28
3.Operating profit
E.Other items

-7.15%
G.Liquidity ratios

I.Cash flow ratio

100
IGI Investment Bank Ltd.
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,067,535
2,244,315
1,869,229
1,383,636
1,112,018
1.Share capital
922,184
2,121,025
2,121,025
2,121,025
2,121,025
2.Reserves
152,506
136,831
136,831
115,145
115,145
(7,155)
(13,541)
(388,627)
(852,534)
(1,124,152)
Items
(17,977)
(62,069)
(38,096)
(55,444)
5,599,458
7,649,150
4,681,192
7,170,566
8,258,383
3,425,647
6,040,538
3,991,601
6,552,288
7,799,232
4.Others
(1,767)
2,173,811
1,608,612
689,591
618,278
459,151
6,649,016
9,831,396
6,548,654
8,516,106
9,314,957
3,975,682
6,997,249
4,018,714
6,433,626
7,905,249

269,966
849,863
112,664
216,618
138,606
3,705,716
6,147,386
3,906,050
6,217,008
7,766,643
2,673,334
2,834,147
2,529,940
2,082,480
1,409,708
85,573
112,052
88,449
188,030
151,764
1,877,310
2,310,472
1,293,943
1,392,615
784,610
710,451
411,623
1,147,548
501,835
473,334
1.Gross revenue
585,990
764,137
769,368
1,047,236
923,231
207,995
234,108
208,593
423,043
380,537
3.Operating profit
377,995
530,029
560,775
624,193
542,694
4.Finance cost
482,873
571,086
643,352
705,419
873,001
(79,267)
(45,637)
(450,654)
(399,790)
(208,767)
(39,157)
(6,386)
375,086
(164,268)
(271,618)
1.No. of shares
92,218
212,102
212,102
212,102
212,102
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
111,248
(368,225)
157,909
676,242
(622,551)
-3.67%
-0.28%
20.07%
-11.87%
-24.43%
-2.46%
-1.20%
-17.62%
-20.36%
-13.77%
-0.59%
-0.06%
5.73%
-1.93%
-2.92%
-6.68%
-0.84%
48.75%
-15.69%
-29.42%
-531.18%
-3,665.96%
55.61%
-257.53%
-140.10%
-0.43
-0.03
1.77
-0.77
-1.28
1.16
1.16
1.01
0.98
1.01
0.84
0.78
0.71
0.84
0.89
28.23%
23.50%
19.76%
16.35%
8.42%
16.06%
22.83%
28.54%
16.25%
11.94%
11.58
10.58
8.81
6.52
5.24
-2.84
57.66
0.42
-4.12
2.29
a.Fixed assets
E.Other items

G.Liquidity ratios

I.Cash flow ratio

101
Invest Capital Investment Bank Ltd.

Items
1.Share capital
2.Reserves
4.Others

2007
2008
2009
(257,893)
380,238
853,716
2011
(Thousand Rupees)
2010
2011
214,273
(371,982)
100,000
746,424
2,727,669
2,848,669
2,848,669
2,388
(347,924)
(2,022,076)
(2,022,076)
(2,022,076)
(360,281)
(18,262)
148,123
(612,320)
(1,198,575)
214,154
190,476
144,871
17,189
20,019
64,955
1,457,526
6,848,396
4,841,876
3,935,945
64,659
1,456,235
4,779,208
3,896,071
3,255,846
296
1,291
2,069,188
945,805
680,099
21,216
2,028,240
7,846,983
5,073,338
3,583,982
15,956
1,646,427
5,073,978
3,686,464
2,728,022
409
59,435
248,332
75,318
15,341
15,547
1,586,992
4,825,646
3,611,146
2,712,681
5,260
381,813
2,773,005
1,386,874
855,960
a.Fixed assets
1,109
159,020
946,976
463,409
310,817
4,051
189,738
175,439
128,543
112,882
100
33,055
1,650,590
794,922
432,261


3,790
298,511
126,349
636,391
207,610
11,398
211,663
(239,922)
612,798
228,676
3.Operating profit
(7,608)
86,848
366,271
23,593
(21,066)
1,265
88,794
(60,849)
561,067
325,595
1.Gross revenue
4.Finance cost
(34,004)
(4,521)
175,970
(717,297)
(438,434)
(34,022)
(19,468)
165,350
(761,121)
(439,145)
1.No. of shares
10,000
74,642
272,767
284,867
284,867
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(7,895)
(380,013)
374,906
554,605
162,678
13.19%
-0.05%
19.37%
-355.21%
118.06%
-133.61%
E.Other items

78.27%
-0.01%
5.74%
-60.93%
-160.36%
-0.01%
2.11%
-15.00%
-12.25%
-897.68%
-0.07%
130.87%
-119.60%
-211.52%
-33.50%
-10.87%
-145.10%
-80.51%
-52.07%
-3.40
-0.26
0.61
-2.67
-1.54
0.25
1.13
1.06
0.95
0.84
3.06
0.72
0.87
0.95
1.10
19.09%
0.09%
2.24%
2.53%
3.15%
-1,215.56%
0.19%
10.88%
4.22%
-10.38%
-25.79
5.09
3.13
0.75
-1.31
0.23
19.52
2.27
-0.73
-0.37

G.Liquidity ratios

I.Cash flow ratio

102
Security Investment Bank Ltd.
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
654,086
680,706
488,012
511,929
518,022
1.Share capital
428,613
514,336
514,336
514,336
514,336
2.Reserves
134,326
139,650
139,650
141,611
142,123
91,147
26,720
(165,974)
(144,018)
(138,437)
Items
4.Others

(61,447)
(376,279)
(37,333)
(45,313)
(47,431)
2,209,426
627,119
508,819
296,883
397,627
2,204,250
620,833
500,880
296,883
397,627
5,176
6,286
7,939
2,802,065
931,546
959,498
763,499
868,218
2,596,093
699,235
738,195
632,472
743,372

102,460
26,255
28,117
7,664
14,180
2,493,633
672,980
710,078
624,808
729,192
205,972
232,311
221,303
131,027
124,846
5,747
4,919
3,630
1,813
1,749
151,299
151,220
151,141
51,062
50,983
48,926
76,172
66,532
78,152
72,114
315,726
192,045
64,289
88,186
68,048
33,376
31,435
27,399
33,842
32,112
282,350
160,610
36,890
54,344
35,936
45,637
29,409
97,778
26,828
(202,728)
8,708
6,526
89,244
26,619
(192,693)
13,204
6,093
1.No. of shares
42,861
51,434
51,434
51,434
51,434
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
20.00%
0.00%
0.00%
0.00%
0.00%
(156,345)
(27,543)
(31,171)
(168,174)
(41,234)
13.64%
0.04%
-39.49%
2.58%
1.18%
16.36%
0.09%
-44.20%
1.87%
1.39%
3.19%
0.03%
-20.08%
1.73%
0.70%
28.27%
0.14%
-299.73%
14.97%
8.95%
37.40%
1.18%
-14.22%
256.30%
527.03%
2.08
0.52
-3.75
0.26
0.12
1.18
1.13
1.47
2.13
1.87
0.79
0.67
0.53
0.39
0.46
5.40%
0.16%
15.75%
6.69%
5.87%
23.34%
0.73%
50.86%
67.05%
59.66%
15.26
13.24
9.49
9.95
10.07
-1.75
-1.04
0.16
-12.74
-6.77
a.Fixed assets

1.Gross revenue
3.Operating profit
4.Finance cost
E.Other items

G.Liquidity ratios

I.Cash flow ratio

103
Trust Investment Bank Ltd.
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,016,064
1,095,609
380,731
(24,562)
100,153
1.Share capital
468,423
585,529
585,529
892,029
892,029
2.Reserves
308,517
267,758
267,759
267,758
301,031
239,124
242,322
(472,557)
(1,184,349)
(1,092,907)
Items
72,656
27,676
5,421,020
6,594
7,106,813
6,315,225
5,858,092
5,252,807
2,784,226
4,776,224
4,243,904
4,047,642
3,595,194
4.Others
(270,341)
(220,625)
2,636,794
2,330,589
2,071,321
1,810,450
1,657,613
6,443,678
7,932,081
6,475,331
5,906,186
5,380,636
3,201,624
3,510,993
4,277,208
3,803,392
3,804,192

200,947
93,289
158,792
143,195
29,108
3,000,677
3,417,704
4,118,416
3,660,197
3,775,084
3,242,054
4,421,088
2,198,123
2,102,794
1,576,444
232,207
108,061
157,284
110,710
331,607
3,018,135
3,420,843
162,976
59,662
64,336
115,858
842,961
1,924,437
1,711,525
1,279,901
1.Gross revenue
732,403
949,051
694,857
451,182
618,729
165,415
193,656
173,142
183,700
150,199
3.Operating profit
566,988
755,395
521,715
267,482
468,530
4.Finance cost
428,762
538,473
875,119
685,568
587,196
115,547
66,124
(976,389)
(904,575)
183,337
103,047
149,783
(715,226)
(701,808)
166,363
1.No. of shares
46,842
58,553
58,553
89,203
89,203
2.Cash dividend
15.00%
0.00%
0.00%
0.00%
0.00%
25.00%
0.00%
0.00%
0.00%
0.00%
943,352
(1,211,474)
660,426
312,103
(488,172)
10.14%
13.67%
-187.86%
2,857.29%
166.11%
3.16%
2.10%
-43.76%
-48.67%
1.60%
1.89%
-11.05%
-11.88%
3.09%
14.07%
15.78%
-102.93%
-155.55%
26.89%
160.52%
129.29%
-24.21%
-26.18%
90.28%
2.20
2.56
-12.22
-7.87
1.86
1.15
0.74
1.01
0.94
1.06
0.84
0.90
0.98
0.99
0.98
46.84%
43.13%
2.52%
1.01%
1.20%
15.77%
13.81%
5.88%
-0.42%
1.86%
21.69
18.71
6.50
-0.28
1.12
9.15
-8.09
-0.92
-0.44
-2.93
a.Fixed assets
E.Other items


10.27%
G.Liquidity ratios

I.Cash flow ratio

104
2011
MUTUAL FUNDS (CLOSE ENDED)

Balance sheet size of Mutual Funds contracted by 17.1 percent in FY11 over FY10. Total assets
decreased from Rs 31.2 billion in FY10 to Rs 25.8 billion in FY11. Net income was Rs. 4.3 billion in
FY11 as compared to Rs. 3.0 billion for FY10.
ANALYSIS OF BALANCE SHEET COMPONENTS

Total equity of mutual funds witnessed a decrease
of Rs 4.6 billion or 18.1 percent in FY11 over

in FY10 to Rs 25.8 billion in FY11 showing a
Billion Rs.
FY10. Total assets decreased from Rs 31.2 billion
35
30
25
20
15
10
5
0
decrease of 17.1 percent over FY10. Analysis
percent in FY10. Components of equity have a
-17%
-18%
-10%
-40%
-46%
-70%
-100%
Total Equity
Total
Liabilities
Total Assets
FY 10
25.5
1.0
31.2
FY 11
20.9
0.6
25.8
Growth
-18%
-46%
-17%
revealed that around 90.6 percent of total assets

were in form of investments as compared to 86.0
20%
mixed trend.
Major Components of Assets
17%
15%
35.0
30.0
1.7
0.6
Billion Rs.
25.0
15.0
-2%
-15%
others
26.8
23.4
7%
Cash & Bank Bal.
0.0
Unappropriated
Proftif/Loss
FY10
93%
10.0
5.0
Reserve
8%
Investments
20.0
Certificate Holder
Equity
Other
76%
2.7
1.8
FY 10
FY 11
FY11
Certificate holders equity declined by 31.2 percent in FY11, whereas reserves increased by 5.3
percent. Current assets in form of cash and bank balances decreased from Rs 2.7 billion in FY10 to Rs
1.8 billion in FY11 registering a decline of around 31.1 percent over FY10. Investment decreased from
Rs 26.8 billion in FY10 to Rs 23.4 billion in FY11. Certificate holder equity recorded decline during
FY11, witnessing a decrease of around 31.2 percent in FY11 over FY10, however the other two
components that is reserve and un-appropriated profit increased during the year under review.
Reserve increased from Rs 2.0 billion in FY10 to Rs 2.1 billion in FY11; an increase of around 5.3
105
2011
percent in FY11 over FY10. Un-appropriate profit also witnessed an increase of about 89.4 percent in
FY11 over FY10.
ANALYSIS OF PROFITABILITY
Major Sources of Income
FY11 as compared to FY10. In absolute terms

total income increased from Rs 4.1 billion in
FY10 to Rs 5.0 billion in FY11, registering an
Billion Rs.
On income side, gross revenue increased in
6.0
70%
5.0
51% 50%
4.0
30%
23%
16%
3.0
10%
-10%
2.0
1.0
increase of around 22.7 percent. Major Portion
0.0
of income has been generated through gain on

sales of investment, capital gains and from
-30%
-38%
Total
Income
Interest
Income
Dividend
Income
Other
Income
FY 10
4.1
0.8
1.2
2.1
FY 11
5.0
0.5
1.4
3.1
Growth
23%
-38%
16%
51%
-50%
dividend income.Net gain on sale of investment

which was Rs 935 million in FY10 decreased
to Rs 920 million in FY11. During FY11, 71.3
percent
of
85.8%
constituted
investment
60%
FY 10
adviser while in FY10 it was around 61.9
50%
40%
FY 11
to
expenses
90%
80%
remuneration
total
Profitability/Efficiency Ratios
100%
management/
percent. Return on assets (ROA) increased in

FY11 to 16.58 percent as compared to 9.61
73.6%
71.3%
61.9%
70%
30%
16.6%
9.6%
20%
10%
0%
ROR
percent inFY10. On the other hand, return on
ROA
revenue (ROR) also increased from 73.62 percent in FY10 to 85.81 percent in FY11.
106
MER
Mutual Fund Companies - Overall

Items
1.Certificate holders equity
2.Reserves
4.Others

1.Payable to investment advisor
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
58,234,623
44,087,199
26,147,432
25,477,542
20,871,348
34,686,190
31,455,897
30,670,643
27,941,275
19,228,186
4,796,900
3,853,662
1,470,976
2,010,049
2,116,202
18,751,533
8,777,640
(5,994,187)
(4,473,782)
5,085,455
5,162,631
4,310,912
4,653,700
4,391,766
5,045,161
607,003
510,262
1,038,086
561,971
1,262,039
148,037
109,447
1,302,972
44,501
(473,040)
3,783,122
458,966
400,815
(264,886)
517,470
C.Total assets (C1 to C3)
68,365,239
49,856,833
30,968,606
31,169,328
25,825,085
1.Cash & bank balances
15,620,627
5,340,247
3,898,511
2,680,698
1,847,166
2.Investments
47,921,836
43,359,823
25,980,030
26,793,633
23,402,220
4,822,776
1,156,763
1,090,065
1,694,997
575,699
4,990,398
2.Others
3.Others

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
514,204
b.Dividend income
2,090,663
1,758,182
1,566,546
1,179,837
1,363,169
1.Income (a to g)
c.Income from future transactions
18,887
(15,000)
3,566
d.Net gain on sale of investments
6,164,020
2,066,257
(4,529,115)
935,685
920,399
e.Net unrealized gain/(loss) on investment
4,811,814
(3,376,571)
(5,888,409)
(1,360,940)
461,407
549,702
267,513
(4,045,573)
2,459,690
1,731,242
76,251
36,322
(341,601)
24,589
(23)
1,672,104
1,449,582
1,593,046
1,072,888
708,048
1,201,308
1,141,061
684,830
664,460
504,646
49,582
45,480
33,104
31,577
23,721
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)
66,837
36,584
11,325
16,427
8,954
293,098
201,774
847,159
336,380
150,341
61,279
24,683
16,628
24,044
20,386
13,093,216
68,955
(13,994,267)
2,994,525
4,282,350
3,530,072
3,205,297
3,143,114
2,867,868
1,998,867
G.Other items
1.No. of units
2.Cash dividend
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
14,414,193
(2,120,718)
(632,206)
78.70%
-67.27%
119.35%
50.62%
62.38%
0.13%
-0.99%
-0.03%
0.00%
0.00%
3.Return on revenue (ROR) (F/D1)
88.68%
4.54%
112.85%
73.62%
85.81%
4.Return on assets (ROA) (F/C)
19.15%
0.14%
-45.19%
9.61%
16.58%
5.Management expense (E1/E)
71.84%
78.72%
42.99%
61.93%
71.27%
6.Net assets value per share (A1/G1)
9.83
9.81
9.76
9.74
9.62
7.Earning per share (F/G1)
3.71
0.02
-4.45
1.04
2.14
22.85%
10.71%
12.59%
8.60%
7.15%
7.38%
1.22%
1.65%
3.33%
2.18%
50.74%
63.09%
99.04%
89.64%
74.46%
0.05
0.44
0.34
1,321,602
N/A
N/A
1,470,091
H.Efficiency ratios/profitability ratios

1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
J.Capital /leverage ratios

Shareholders equity to total assets (A1/C)
K.Cash flow ratio

1.10
Cash generated from operating activities to net income (G4/F) (time)
107
-30.76
Al-Meezan Mutual Fund

Items
2.Reserves
4.Others

2.Others

2.Investments
3.Others
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,218,592
1,906,416
1,174,174
1,403,921
1,707,315
1,196,000
1,375,400
1,375,400
1,375,400
1,375,400
44,729
43,091
23,571
34,744
164,084
977,863
487,925
(224,797)
(6,223)
167,831
57,915
9,279
10,924
425,272
26,340
38,590
3,221
1,029
2,324
2,827
19,325
6,058
9,895
422,948
23,513
2,276,507
1,915,695
1,185,098
1,829,193
1,733,655
590,523
63,366
35,681
131,182
275,093
1,607,032
1,823,099
1,122,298
1,274,965
1,430,267
78,952
29,230
27,119
423,046
28,295
393,294

594,674
38,615
(543,568)
397,393
21,848
23,993
5,514
9,115
25,669
b.Dividend income
79,505
84,386
75,148
100,701
106,606
1.Income (a to g)
176,243
141,851
(291,658)
185,603
215,313
314,974
(194,197)
(332,572)
101,974
45,706
2,104
(17,418)
47,917
50,153
31,614
41,279
33,561
38,590
41,339
24,446
28,812
31,854
1,308
1,076
641
788
783
5,013
3,599
1,240
1,399
838
4,139
5,287
10,280
86
3,006
546,757
(11,538)
(575,182)
356,114
359,733
119,600
137,540
137,540
137,540
137,540
2.Cash dividend
0.00%
0.00%
0.00%
18.50%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
919,597
(228,946)
108,214
232,225
329,909
82.96%
-180.67%
114.84%
72.37%
66.37%
0.00%
0.00%
0.00%
0.00%
0.00%
91.94%
-29.88%
105.82%
89.61%
91.47%
24.02%
-0.60%
-48.53%
19.47%
20.75%
80.54%
82.43%
77.33%
69.80%
94.91%
f.Capital gain
g.Other income


5.Other

G.Other items
1.No. of units


10.00
10.00
10.00
10.00
10.00
4.57
-0.08
-4.18
2.59
2.62
25.94%
3.31%
3.01%
7.17%
15.87%
2.54%
0.48%
0.92%
23.25%
1.52%
52.54%
71.80%
116.06%
75.19%
79.34%
1.68
19.84
-0.19
0.65
0.92
I.Liquidity ratios

K.Cash flow ratio

108
Asian Stocks Fund Limited
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
919,323
795,973
488,553
634,569
645,077
900,000
900,000
900,000
900,000
900,000
2.Reserves
105,902
17,795
(62,351)
(86,579)
(121,822)
(349,096)
Items
4.Others

(265,431)
0
(254,923)
49,171
14,883
2,027
5,160
2,545
14,436
1,493
838
1,050
1,089
34,735
13,390
1,189
4,110
1,456
968,494
810,856
490,580
639,729
647,622
215,653
26,068
2,805
97,700
2,923
2.Investments
740,876
748,744
485,037
536,162
635,911
11,965
36,044
2,738
5,867
8,788
96,251
35,503
(138,533)
101,444
101,012
11,488
12,669
10,806
25,558
22,062
15,503
26,510
2.Others
3.Others

1.Income (a to g)
b.Dividend income
72,325
0

f.Capital gain
g.Other income

0
(2,050)
0
0
(162,473)
0
116,881
42,745
(42,429)
19,065
13,120
11,995
1,878
23
22,961
25,732
77,166
20,354
17,330
14,436
17,799
10,744
13,101
13,179
699
656
601
626
2,982
4,616
65,490
6,580
2,924
5.Other
5,543
3,317
233
17
73,290
9,771
(215,699)
81,090
83,682
1.No. of units
90,000
90,000
90,000
90,000
90,000
2.Cash dividend
0.00%
0.00%
0.00%
8.20%
6.60%
0.00%
0.00%
0.00%
0.00%
0.00%
205,375
(186,085)
(24,263)
94,895
(94,777)
88.77%
28.01%
115.93%
73.39%
61.21%
0.00%
0.00%
0.00%
0.00%
0.00%

G.Other items

76.14%
27.52%
155.70%
79.94%
82.84%
7.57%
1.21%
-43.97%
12.68%
12.92%
62.87%
69.17%
13.92%
64.37%
76.05%
10.00
10.00
10.00
10.00
10.00
0.81
0.11
-2.40
0.90
0.93
22.27%
3.21%
0.57%
15.27%
0.45%
5.08%
1.84%
0.41%
0.81%
0.39%
92.93%
110.99%
183.46%
140.68%
138.97%
2.80
-19.04
0.11
1.17
-1.13

I.Liquidity ratios

K.Cash flow ratio

109
Atlas Fund of Funds
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
646,274
592,196
282,816
348,806
472,946
525,000
525,000
525,000
525,000
525,000
2.Reserves
121,274
67,196
Items
4.Others

(242,184)
(176,194)
(52,054)
(157)
(3,377)
(38,414)
20,831
8,298
2,506
5,913
9,646
15,142
2,314
690
551
679
5,689
5,984
1,816
5,362
8,967
667,105
600,494
285,165
351,342
444,178
209,379
76,653
55,973
34,072
16,087
2.Investments
441,048
512,303
226,189
306,439
419,914
16,678
11,538
3,003
10,831
8,177
147,383
2.Others
3.Others

113,164
45,705
(258,159)
77,754
21,344
10,961
5,813
3,166
5,483
b.Dividend income
55,928
49,212
18,348
12,944
38,110
1.Income (a to g)
6,219
9,327
(11,908)
5,848
27,367
29,673
(23,795)
(270,412)
55,002
66,914
f.Capital gain
g.Other income
794
9,509
16,799
17,784
11,847
11,763
12,542
13,142
14,303
10,136
8,340
6,960
942
958
629
636
740

1,383
839
160
175
227
1,332
1,684
922
2,612
4,615
96,365
27,921
(270,006)
65,991
134,841
1.No. of units
52,500
52,500
52,500
52,500
52,500
2.Cash dividend
0.00%
0.00%
0.00%
2.20%
15.00%
0.00%
0.00%
0.00%
0.00%
0.00%
132,912
34,852
22,601
(15,802)
20,977
31.72%
-31.66%
109.36%
79.28%
70.42%
0.00%
0.00%
0.00%
0.00%
0.00%
85.16%
61.09%
104.59%
84.87%
91.49%
14.45%
4.65%
-94.68%
18.78%
30.36%
78.23%
80.43%
85.56%
70.90%
55.49%
10.00
10.00
10.00
10.00
10.00
1.84
0.53
-5.14
1.26
2.57
31.39%
12.76%
19.63%
9.70%
3.62%
3.12%
1.38%
0.88%
1.68%
2.17%
78.70%
87.43%
184.10%
149.43%
118.20%
1.38
1.25
-0.08
-0.24
0.16
5.Other

G.Other items


I.Liquidity ratios

K.Cash flow ratio

110
First Capital Mutual Fund Limited

Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
380,281
337,605
203,306
231,229
257,219
300,000
300,000
300,000
300,000
300,000
80,281
37,605
(96,694)
(68,771)
(42,781)
39,790
10,964
6,952
13,857
16,081
6,773
7,436
4,144
4,879
5,009
33,017
3,528
2,808
8,978
11,072
420,071
348,569
210,258
245,086
273,300
50,813
8,752
7,954
70,443
36,187
352,440
336,537
195,890
172,919
232,307
16,818
3,280
6,414
1,724
4,806
125,582
(30,743)
(126,751)
42,193
42,219
1,365
3,981
10,231
10,738
13,650
13,090
10,125
12,126
2.Others
2.Investments
3.Others

1.Income (a to g)
b.Dividend income
52,949
23,516
(98,205)
37,839
21,975
58,493
(71,012)
(43,001)
(9,752)
(2,692)
3,402
3,103
579
11,183
10,847
7,070
13,257
13,486
6,773
7,436
4,144
4,879
5,009
213
406
364
1,444
1,465
461
2,562
6,934
6,551
4,197
3,005
114,399
(41,590)
(133,821)
28,936
28,733
1.No. of units
30,000
35,000
30,000
30,000
30,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(75,993)
(12,043)
(797,303)
62,488
(34,256)
91.45%
144.40%
111.40%
66.57%
47.05%
0.00%
0.00%
0.00%
0.00%
0.00%
f.Capital gain
g.Other income

5.Other

G.Other items

91.10%
135.28%
105.58%
68.58%
68.06%
27.23%
-11.93%
-63.65%
11.81%
10.51%
60.57%
58.61%
36.80%
37.14%

68.55%
10.00
8.57
10.00
10.00
10.00
3.81
-1.19
-4.46
0.96
0.96
12.10%
2.51%
3.78%
28.74%
13.24%
9.47%
3.15%
3.31%
5.65%
5.88%
71.42%
86.07%
142.68%
122.41%
109.77%
-0.66
0.29
5.96
2.16
-1.19
I.Liquidity ratios

K.Cash flow ratio

111
First Dawood Mutual Fund

Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
774,995
752,467
520,984
484,679
549,713
580,750
580,750
580,750
580,750
580,750
194,245
171,717
(59,766)
(96,071)
(31,037)
24,707
6,590
4,115
2,675
4,194
19,357
1,830
1,289
768,377
935
5,350
4,760
2,826
(765,702)
3,259
799,702
759,057
525,099
487,354
553,907
15,515
35,295
25,610
57,811
26,310
2.Investments
567,280
709,017
473,076
413,327
515,057
3.Others
216,907
14,745
26,413
16,216
12,540
2.Others

182,408
67,386
(198,915)
(17,159)
80,291
17,153
19,903
39,950
35,148
31,016
b.Dividend income
14,300
12,421
11,167
11,924
9,222
10,144
(4,144)
(74,375)
44,197
1.Income (a to g)
94,774
(105,574)
(122,098)
f.Capital gain
42,121
130,808
(127,934)
g.Other income
14,060
9,828
25,514
31,839
20,953
19,147
15,257
19,357
24,113
17,389
13,613
10,753
990
1,118
939
890
903
3,672
4,940
1,415
3,198
788
1,495
1,668
1,210
1,446
2,813
156,894
35,547
(219,868)
(36,306)
65,034
1.No. of units
58,075
58,075
58,075
58,075
58,075
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
3.30%
0.00%
0.00%
0.00%
0.00%
0.00%
(18,939)
9,435
(9,684)
32,200
(31,501)
82.76%
52.03%
125.70%
374.33%
49.88%
0.00%
0.00%
0.00%
0.00%
0.00%
86.01%
52.75%
110.53%
211.59%
81.00%
19.62%
4.68%
-41.87%
-7.45%
11.74%
75.87%
75.73%
71.10%
70.48%
10.00
10.00
10.00
10.00
10.00
2.70
0.61
-3.79
-0.63
1.12
1.94%
4.65%
4.88%
11.86%
4.75%
3.09%
0.87%
0.78%
0.55%
0.76%
72.62%
76.51%
110.60%
119.16%
104.85%
-0.12
0.27
0.04
-0.89
-0.48

5.Other

G.Other items


82.99%
I.Liquidity ratios

K.Cash flow ratio

112
Golden Arrow Selected Stocks Fund Limited

Items
2.Reserves
4.Others

2.Others

2.Investments
3.Others
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,308,525
1,237,941
831,434
968,463
963,068
614,539
675,993
760,492
760,492
760,492
35,093
21,499
9,751
6,175
6,733
658,893
540,449
61,191
201,796
195,843
41,876
34,883
13,663
13,611
49,883
20,913
2,086
1,575
2,095
2,161
20,963
32,797
12,088
11,516
47,722
1,350,401
1,272,824
845,097
982,074
1,012,951
92,707
56,208
280,115
9,898
10,047
1,237,709
1,203,832
545,849
968,766
936,117
19,985
12,784
19,133
3,410
66,787
150,680

447,571
70,037
(374,128)
179,751
15,484
14,242
29,419
25,792
8,422
b.Dividend income
39,227
48,723
39,639
43,545
48,649
168,326
112,428
(238,469)
(64,499)
(10,459)
f.Capital gain
224,464
(105,356)
1.Income (a to g)
(207,810)
174,913
102,727
70
3,093
1,341
31,136
34,846
20,631
39,146
27,349
20,913
25,768
16,560
20,095
19,661
812
465
705
590
7,586
6,206
1,753
5,491
1,636
2,101
2,060
1,853
12,855
5,462
536
416,435
35,191
(394,759)
140,605
123,331
122,908
122,907
152,098
152,098
152,098
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
15.00%
0.00%
0.00%
0.00%
0.00%
0.00%
111,243
54,851
234,138
(280,172)
127,864
87.78%
10.10%
118.46%
61.43%
62.12%
0.00%
0.00%
0.00%
0.00%
0.00%
93.04%
50.25%
105.51%
78.22%
81.85%
30.84%
2.76%
-46.71%
14.32%
12.18%
67.17%
73.95%
80.27%
51.33%
71.89%
5.00
5.50
5.00
5.00
5.00
3.39
0.29
-2.60
0.92
0.81
6.87%
4.42%
33.15%
1.01%
0.99%
3.10%
2.74%
1.62%
1.39%
4.92%
45.51%
53.11%
89.99%
77.44%
75.08%
0.27
1.56
-0.59
-1.99
1.04
g.Other income

5.Other

G.Other items
1.No. of units

I.Liquidity ratios

K.Cash flow ratio

113
JS Growth Fund
Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
5,911,986
5,174,398
2,892,841
2,760,140
3,180,705
3,180,045
3,180,044
3,180,044
3,180,044
3,180,044
506,438
506,438
506,438
506,438
506,438
2,225,503
1,487,916
(793,641)
(926,342)
(505,777)
87,827
(469)
135,436
(145,936)
885,475
118,896
62,417
62,544
67,011
118,292
9,510
5,304
968
714
767,183
109,386
57,113
61,576
66,297
6,797,461
5,381,121
2,954,789
2,958,120
3,101,780
1,811,357
336,439
704,134
738,045
82,152
2.Investments
4,810,140
5,006,067
2,224,507
2,188,255
2,863,246
175,964
38,615
26,148
31,820
156,382
733,167
2.Others
3.Others

(1,603,098)
171,614
1,563,264
100,638
50,525
78,858
71,973
44,701
b.Dividend income
224,552
195,864
155,186
117,566
184,340
1.Income (a to g)
(269,699)
653,264
(18,642)
(840,680)
134,223
423,338
581,637
(497,446)
(996,879)
(153,887)
80,788
f.Capital gain
g.Other income

3,173
417
1,739
150,085
149,884
678,459
148,063
98,287
116,605
116,534
62,198
66,425
61,817
4,261
4,259
2,722
2,849
2,711
17,589
5,827
2,954
3,155
2,936
6,504
18,160
608,230
73,243
26,875
5.Other
5,126
5,104
2,355
2,391
3,948
1,413,179
(419,583)
(2,281,557)
23,551
634,880
318,004
318,004
318,004
315,696
318,004
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2,129,131
(646,759)
413,864
205,891
(305,737)
79.20%
191.36%
114.60%
-10.44%
68.76%
0.00%
0.00%
0.00%
0.00%
0.00%
90.40%
155.57%
142.32%
13.72%
86.59%
20.79%
-7.80%
-77.22%
0.80%
20.47%
77.69%
77.75%
9.17%
44.86%
62.89%

G.Other items
1.No. of units

10.00
10.00
10.00
10.07
10.00
4.44
-1.32
-7.17
0.07
2.00
26.65%
6.25%
23.83%
24.95%
2.65%
13.03%
2.21%
2.11%
2.11%
2.16%
46.78%
59.10%
107.62%
107.50%
102.52%
1.51
1.54
-0.18
8.74
-0.48

I.Liquidity ratios

K.Cash flow ratio

114
JS Value Fund
Items
2.Reserves
4.Others

2.Others

2.Investments
3.Others
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,151,044
2,654,320
1,238,901
1,004,473
1,205,768
1,185,750
1,185,750
1,185,750
1,185,750
1,185,750
10,000
10,000
10,000
10,000
10,000
955,294
1,458,570
43,151
(191,277)
10,018
1,469
347
226,432
23,106
17,763
(1,571)
16,885
20,343
38,012
4,152
1,985
102
221
188,420
18,954
15,778
16,783
20,122
2,378,945
2,677,773
1,255,093
1,021,358
1,226,111
885,244
758,217
288,313
79,565
67,159
1,469,071
1,908,853
959,730
934,113
1,148,780
24,630
10,703
7,050
7,680
10,172

709,634
922,276
(1,255,689)
(54,766)
308,390
67,195
81,403
54,303
25,588
12,556
b.Dividend income
41,921
28,134
43,563
46,188
64,609
1.Income (a to g)
142,974
538,761
(673,017)
115,167
58,293
457,544
273,978
(680,538)
(241,709)
172,932
f.Capital gain
g.Other income
53,748
64,271
41,154
61,087
47,809
38,012
50,943
31,125
24,801
23,312
4,832
3,525
2,534
2,218
2,143

3,852
2,547
5,514
6,351
4,949
32,610
20,447
5.Other
1,538
905
2,546
1,458
1,907
655,886
858,005
(1,296,843)
(115,853)
260,581
118,575
118,575
118,575
118,575
118,575
2.Cash dividend
0.00%
0.00%
10.00%
10.00%
7.00%
0.00%
0.00%
0.00%
0.00%
0.00%
784,961
333,551
(302,428)
(109,440)
44,966
84.62%
88.12%
107.79%
231.06%
74.98%
0.00%
0.00%
0.00%
0.00%
0.00%
92.43%
93.03%
103.28%
211.54%
84.50%
27.57%
32.04%
-103.33%
-11.34%
21.25%
70.72%
79.26%
75.63%
10.00
10.00
5.53
7.24
37.21%
9.52%

G.Other items
1.No. of units


10.00
40.60%
48.76%
10.00
10.00
-10.94
-0.98
2.20
28.32%
22.97%
7.79%
5.48%
0.86%
1.42%
1.65%
1.66%
49.84%
44.28%
94.48%
116.10%
96.71%
1.20
0.39
0.23
0.94
0.17
I.Liquidity ratios

K.Cash flow ratio

115
Meezan Balanced Fund

Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,598,166
1,423,683
1,147,792
1,276,119
1,436,138
1,200,000
1,200,000
1,200,000
1,200,000
1,200,000
398,166
223,683
(52,208)
76,119
236,138
1,592
87,294
105,133
11,451
18,013
(4,949)
24,105
18,316
47,908
6,851
4,488
2,112
2,507
57,225
4,600
13,525
21,993
15,809
1,703,299
1,435,134
1,160,856
1,301,816
1,541,748
515,628
10,462
144,241
292,188
42,186
2.Investments
951,211
1,398,691
992,205
985,810
1,465,941
3.Others
236,460
25,981
24,410
23,818
33,621
2.Others

380,620
70,836
(117,193)
289,304
254,036
38,658
67,825
64,797
72,337
89,560
b.Dividend income
55,009
38,248
46,319
60,298
56,620
18,791
(15,000)
118,118
67,904
(129,163)
111,298
107,302
149,823
(88,141)
(99,146)
54,564
12,054
1.Income (a to g)
221
55,658
53,319
42,906
45,271
1,630
f.Capital gain
(9,193)
(11,500)
38,698
40,977
28,017
32,550
31,114
28,069
1,688
1,356
1,504
1,596
6,076
3,169
2,670
826
5,046
3,191
2,122
7,533
324,962
17,517
(155,891)
248,327
226,019
120,000
120,000
120,000
120,000
120,000
2.Cash dividend
0.00%
0.00%
0.00%
15.50%
17.50%
0.00%
0.00%
0.00%
0.00%
0.00%
702,383
(211,039)
249,207
260,050
182,020
75.39%
-49.74%
194.81%
54.15%
42.46%
4.94%
-21.18%
0.00%
0.00%
0.00%
88.97%
g.Other income

5.Other
509
(2,157)
G.Other items
1.No. of units

85.38%
24.73%
133.02%
85.84%
19.08%
1.22%
-13.43%
19.08%
14.66%
77.09%
84.91%
84.11%
75.93%
100.19%
10.00
10.00
10.00
10.00
10.00
2.71
0.15
-1.30
2.07
1.88
30.27%
0.73%
12.43%
22.44%
2.74%
6.17%
0.80%
1.55%
1.85%
1.19%
70.45%
83.62%
103.37%
92.18%
77.83%
-1.60
1.05
0.81

I.Liquidity ratios

K.Cash flow ratio

2.16
116
-12.05
NAMCO Balanced Fund

Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,136,571
1,011,363
721,808
671,964
757,930
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
136,571
11,363
(278,192)
(328,036)
0
(242,070)
7,438
6,197
8,277
69,851
17,350
8,661
15,383
10,869
31,124
9,750
3,595
2,904
3,735
38,727
7,600
5,066
12,479
7,134
1,206,422
1,036,151
730,469
693,544
777,076
228,481
33,924
24,985
126,688
171,524
2.Investments
909,601
837,373
625,517
557,838
597,937
68,340
164,854
79,967
9,018
7,615
173,063
16,879
(261,998)
136,606
130,014
58,952
43,137
27,373
37,880
38,778
5,721
29,021
31,339
28,629
24,129
0
2.Others
3.Others

1.Income (a to g)
b.Dividend income
79,099
70,164
24,081
(126,937)
(177,579)
(79,417)
(47,055)
f.Capital gain
g.Other income

(94,701)
149,514
114,162
5,210
1,494
(48,430)
36,492
42,086
27,558
36,450
44,048
22,114
32,617
22,832
24,423
22,689
1,498
1,235
810
773
634
12,743
7,910
3,025
5,776
20,015
137
324
891
5,478
710
136,571
(25,207)
(289,556)
100,156
85,966
100,000
100,000
100,000
100,000
100,000
2.Cash dividend
0.00%
0.00%
0.00%
15.00%
8.80%
0.00%
0.00%
0.00%
0.00%
0.00%
(771,519)
(122,371)
(41,409)
216,295
45,608
62.63%
-327.50%
122.41%
51.31%
51.62%
0.00%
0.00%
0.00%
0.00%
0.00%
78.91%
-149.34%
110.52%
73.32%
66.12%
11.32%
-2.43%
-39.64%
14.44%
11.06%
60.60%
77.50%
82.85%
67.00%
51.51%
5.Other

G.Other items
1.No. of units


10.00
10.00
10.00
10.00
10.00
1.37
-0.25
-2.90
1.00
0.86
18.94%
3.27%
3.42%
18.27%
22.07%
5.79%
1.67%
1.19%
2.22%
1.40%
82.89%
96.51%
136.90%
144.19%
128.69%
-5.65
4.85
0.14
2.16
0.53
I.Liquidity ratios

K.Cash flow ratio

117
PICIC Energy Fund

Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,077,010
1,070,563
859,159
925,613
1,059,643
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
77,010
70,563
(74,387)
59,643
(140,841)
57,523
12,036
12,126
12,738
19,130
24,293
2,489
2,148
2,314
1,850
33,230
9,547
9,978
10,424
17,280
1,134,533
1,082,599
871,285
938,351
1,078,773
502,776
128,035
48,431
37,179
77,090
2.Investments
617,107
939,203
811,465
897,764
994,036
14,650
15,361
11,389
3,408
7,647
2.Others
3.Others

109,782
113,925
(111,597)
160,159
326,671
52,207
13,595
7,138
13,551
10,600
b.Dividend income
30,330
46,258
69,072
46,631
88,847
0
1.Income (a to g)
37,224
182,949
(12,086)
(128,877)
(39,530)
(71,109)
20,660
(148,277)

f.Capital gain
g.Other income

171,086
206,564
2,107
51,893
45,372
29,807
41,328
36,844
31,684
33,571
21,525
29,382
27,079
1,316
1,370
1,049
1,259
1,323
16,987
8,287
5,090
8,731
6,022
1,906
2,144
2,143
1,956
2,420
57,889
68,553
(141,404)
118,831
289,827
100,000
100,000
100,000
100,000
100,000
2.Cash dividend
0.00%
0.00%
0.00%
10.00%
28.00%
0.00%
0.00%
0.00%
0.00%
0.00%
26,076
(300,262)
(10,768)
37,740
188,598
24.82%
47.46%
168.29%
62.42%
69.56%
0.00%
0.00%
0.00%
0.00%
0.00%
5.Other

G.Other items
1.No. of units

52.73%
60.17%
126.71%
74.20%
88.72%
5.10%
6.33%
-16.23%
12.66%
26.87%
61.06%
73.99%
72.21%
71.09%
73.50%
10.00
10.00
10.00
10.00
10.00
0.58
0.69
-1.41
1.19
2.90
44.32%
11.83%
5.56%
3.96%
7.15%
5.07%
1.11%
1.39%
1.36%
1.77%
88.14%
92.37%
114.77%
106.57%
92.70%
0.45
-4.38
0.08
0.32
0.65

I.Liquidity ratios

K.Cash flow ratio

118
PICIC Growth Fund
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
10,496,433
8,291,928
3,530,357
3,944,740
4,764,800
2,835,000
2,835,000
2,835,000
2,835,000
2,835,000
2.Reserves
3,100,296
3,124,897
989,777
1,419,467
1,395,722
4,561,137
2,332,031
(294,420)
4.Others
2,992,500
2,992,500
2,990,500
2,992,500
2,992,500
702,260
109,291
103,569
196,762
184,318
245,018
18,807
10,871
11,562
12,929
Items

(309,727)
534,078
457,242
90,484
92,698
185,200
171,389
14,191,193
11,393,719
6,624,426
7,134,002
7,941,618
1,505,326
867,546
296,840
246,157
453,731
12,288,687
10,461,354
6,281,453
6,802,156
7,367,007
397,180
64,819
46,133
85,689
120,880
1,420,959
2.Others
2.Investments
3.Others

(2,176,540)
769,108
2,127,240
140,215
68,340
53,639
101,587
65,146
b.Dividend income
598,242
465,982
442,192
244,075
460,178
0
1.Income (a to g)
(291,248)
882,486
184,399
498,733
(1,009,969)
(673,200)
(480,082)
44,791
f.Capital gain
g.Other income

(2,013,978)
903,509
850,844
7,564
14,807
19
338,072
307,733
166,411
206,156
198,326
245,018
249,134
134,143
151,707
155,191
7,458
7,603
4,729
5,168
5,255
77,982
45,795
23,209
44,978
33,501
7,614
5,201
4,330
4,303
4,379
1,789,168
(598,981)
(2,342,951)
562,952
1,222,633
283,500
283,500
283,500
283,500
283,500
2.Cash dividend
0.00%
0.00%
0.00%
20.00%
38.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1,831,677
973,177
(281,691)
511,400
560,007
65.29%
283.46%
122.78%
55.06%
63.03%
0.00%
0.00%
0.00%
0.00%
0.00%
84.11%
205.66%
107.65%
73.20%
86.04%
12.61%
-5.26%
-35.37%
7.89%
15.40%
72.48%
80.96%
80.61%
73.59%
78.25%
5.Other

G.Other items
1.No. of units


10.00
10.00
10.00
10.00
10.00
6.31
-2.11
-8.26
1.99
4.31
10.61%
7.61%
4.48%
3.45%
5.71%
4.95%
0.96%
1.56%
2.76%
2.32%
19.98%
24.88%
42.80%
39.74%
35.70%
1.02
-1.62
0.12
0.91
0.46
I.Liquidity ratios

K.Cash flow ratio

119
PICIC Investment Fund
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
4,190,783
2,944,741
1,677,360
1,828,357
2,072,994
2,841,250
2,841,250
2,841,250
2,841,250
2,841,250
225
225
225
225
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
1,499,300
381,140
76,448
74,919
150,225
120,220
110,963
8,442
5,020
5,547
5,954
Items
2.Reserves

2.Others

2.Investments
3.Others
225
(768,481)
270,177
68,006
69,899
144,678
114,266
6,655,049
5,142,189
3,087,080
3,478,460
3,692,514
783,179
425,377
195,804
187,823
238,064
5,637,334
4,684,995
2,852,840
3,248,518
3,376,328
234,536
31,817
38,436
42,119
78,122
709,473

1,261,168
1.Income (a to g)
b.Dividend income
(1,187,175)
402,586
64,227
(107,405)
37,218
28,938
58,058
36,871
260,111
194,769
194,800
126,913
216,046
0
660,874
179,034
274,706
(518,426)
f.Capital gain
g.Other income

(401,392)
(269,243)
(389)
(1,017,195)
486,850
456,945
1,250
7,674
174,310
144,199
80,206
103,545
97,438
110,963
111,802
62,426
71,816
71,887
4,128
4,170
2,748
3,029
3,032
53,736
24,131
11,700
24,805
17,736
5,483
4,096
3,332
3,895
4,783
1,086,858
(251,604)
(1,267,381)
299,041
612,035
284,125
284,125
284,125
284,125
284,125
2.Cash dividend
0.00%
0.00%
0.00%
10.00%
20.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1,053,318
628,795
(227,214)
133,363
401,816
74.28%
315.99%
118.85%
54.05%
64.35%
0.00%
0.00%
0.00%
0.00%
0.00%
86.18%
234.26%
106.76%
74.28%
86.27%
16.33%
-4.89%
-41.05%
8.60%
16.58%
63.66%
77.53%
77.83%
69.36%
73.78%
5.Other

G.Other items
1.No. of units


10.00
10.00
10.00
10.00
10.00
3.83
-0.89
-4.46
1.05
2.15
11.77%
8.27%
6.34%
5.40%
6.45%
5.73%
1.49%
2.43%
4.32%
3.26%
42.69%
55.25%
92.04%
81.68%
76.95%
0.97
-2.50
0.18
0.45
0.66
I.Liquidity ratios

K.Cash flow ratio

120
Pak Oman Advantage Fund

Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,023,307
1,103,750
1,120,468
1,128,690
1,136,053
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
23,307
103,750
120,468
128,690
136,053
3,366
10,970
(36,810)
(16,272)
(11,255)
10,561
9,190
7,614
9,206
10,737
9,952
7,639
6,024
3,438
2,773
609
1,551
1,590
5,768
7,964
1,037,234
1,123,910
1,091,272
1,121,624
1,135,535
237,604
254,595
25,386
317,413
347,618
2.Investments
647,155
833,058
1,019,328
778,421
760,974
3.Others
152,475
36,257
46,558
25,790
26,943
27,568
120,221
126,464
131,176
96,974
18,986
115,526
153,722
142,207
110,253
b.Dividend income
(13,140)
(9,329)
(17,329)
671
1,952
(14,262)
(1,702)
4,050
f.Capital gain
6,472
2,415
g.Other income
1,439
328
144
4,261
18,273
19,746
26,904
20,499
1,832
13,464
13,342
13,478
13,386
287
1,230
1,328
1,338
1,332
2.Others

1.Income (a to g)

92
191
108
210
277
2,050
3,353
4,759
7,531
3,265
35
209
4,347
2,239
23,307
101,948
106,718
104,272
76,475
100,000
10,000
100,000
100,000
100,000
2.Cash dividend
0.00%
0.00%
9.61%
10.38%
10.17%
0.00%
0.00%
0.00%
0.00%
0.00%
(762,396)
38,491
(114,209)
388,077
133,975
31.13%
3.91%
-21.55%
-8.41%
-13.69%
0.00%
0.00%
0.00%
0.00%
0.00%
78.86%
5.Other

G.Other items
1.No. of units

84.54%
84.80%
84.39%
79.49%
2.25%
9.07%
9.78%
9.30%
6.73%
42.99%
73.68%
67.57%
50.10%
65.30%
10.00
100.00
10.00
10.00
10.00
0.23
10.19
1.07
1.04
0.76
22.91%
22.65%
2.33%
28.30%
30.61%
1.02%
0.82%
0.70%
0.82%
0.95%
96.41%
88.98%
91.64%
89.16%
88.06%
0.38
-1.07
3.72
1.75

I.Liquidity ratios

K.Cash flow ratio

-32.71
121
Safeway Mutual Fund
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,122,223
884,832
533,528
682,498
661,979
544,500
544,500
544,500
544,500
544,500
2.Reserves
211,969
105,678
(6,435)
33,000
33,000
365,754
234,654
(4,537)
104,998
84,479
Items
4.Others

2.Others

2.Investments
3.Others
27,270
7,687
1,934
2,252
2,338
16,614
1,706
915
1,129
1,118
10,656
5,981
1,019
1,123
1,220
1,149,493
892,519
535,462
684,750
664,317
98,877
13,066
1,381
100,373
995
1,038,085
846,114
529,901
579,764
658,398
12,531
33,339
4,180
4,613
4,924
253,665
6,554
(170,271)
130,886
95,835
1,427
1,731
389
12,249
17,759
31,549
24,816
18,558
27,177

1.Income (a to g)
b.Dividend income
3,566
224,189
110,830
(112,820)
148,272
45,539
6,455
(144,856)
(89,352)
(47,083)
10,845

f.Capital gain
g.Other income

5,262
7,604
1,788
10,750
25
34,702
28,754
55,308
21,351
17,255
16,614
20,933
11,812
14,119
13,800
1,471
804
687
613
1,254
573
671
656
2,772
5,044
41,950
5,864
2,186
15,316
52
169
10
218,963
(22,200)
(225,579)
109,535
78,580
1.No. of units
54,450
54,450
54,450
54,450
54,450
2.Cash dividend
0.00%
0.00%
0.00%
18.20%
0.00%
0.00%
0.00%
0.00%
89,679
(85,812)
(9,069)
98,992
(99,378)
93.00%
-403.14%
115.59%
85.52%
58.86%
0.00%
0.00%
-2.09%
0.00%
0.00%
86.32%
-338.72%
132.48%
83.69%
82.00%
19.05%
-2.49%
-42.13%
16.00%
11.83%
47.88%
72.80%
21.36%
66.13%
79.98%
5.Other

G.Other items

10.00
10.00
10.00
10.00
10.00
4.02
-0.41
-4.14
2.01
1.44
8.60%
1.46%
0.26%
14.66%
0.15%
2.37%
0.86%
0.36%
0.33%
0.35%
47.37%
61.01%
101.69%
79.52%
81.96%
0.41
3.87
0.04
0.90
-1.26

I.Liquidity ratios

K.Cash flow ratio

122
2011
MODARABA COMPANIES
Modaraba Companies performed well during FY11. Total assets increased from Rs. 24.5 billion in
FY10 to Rs 26.3 billion in FY11 showing an increase of 7.6 percent over FY10. Total equity
witnessed an increase of 7.6 percent in FY11 over FY10. Profit before and after tax, significantly
increased by 74.5 percent & 67.2 percent respectively in FY11.

All major components of the balance sheet, i.e.,
assets, liabilities, and certificate holders equity

equity increased from Rs 11.4 billion in FY10
Billion Rs.
witnessed increases in FY11 over FY10. Total
30
25
20
15
10
5
0
to Rs 12.3 billion in FY11 showing an increase

of around 7.6 percent. Total assets at Rs 26.3
billion in FY11 increased from 24.5 billion in
FY10, showing an increase of 7.6 percent in
7.7%
7.6%
7.6%
7.5%
7.3%
7.1%
7.1%
6.9%
Total Equity
Total Liabilities
Total Assets
FY 10
11.4
13.0
24.5
FY 11
12.3
13.9
26.3
Growth
7.6%
7.1%
7.6%
6.7%
FY11. Reserves increased by 12.5 percent during FY11. In absolute terms, the amount of reserves
increased from Rs. 4.2 billion in FY10 to Rs. 4.8 billion in FY11. Total certificate capital increased by
3.6 percent in FY11 over FY10. Long-term investments increased from Rs 2.3 billion to Rs. 2.8
billion during the current year.

Gross revenue increased from Rs 5.3 billion in
Operating Profit
Operating Expenses
Gross Revenue
FY10 to Rs 5.9 billion in FY11, recording an

increase of around 11.5 percent over FY10. On
15
Billion Rs.
the other hand, operating expenses increased by

7.8 percent in FY11 over FY10. Operating
profit increased from Rs 4.1 billion to Rs 4.6
billion in FY11 i.e. an increase of 12.5 percent
10
4.1
4.6
1.2
1.3
5.3
5.9
FY 10
FY 11
5
0
over FY10. Profit before tax increased to Rs 1.4
billion in FY11 as compared to Rs 799 million in FY10, recording an increase of 74.5 percent in FY11
123
2011
over FY10. Similarly, profit after tax also increased from Rs 781 million in FY10 to Rs 1.3 billion in
FY11, registering an increase of around 67.2 percent.
Return on assets (ROA), return on equity (ROE)
FY 11
and Return on capital employed (ROCE)

witnessed increase in FY11 over FY10. ROA
increased from 3.19 percent in FY10 to 4.95
4.95%
ROA
3.19%
8.69%
ROCE
5.31%
percent in FY11. ROE increased from 6.82

percent to 10.60 percent in FY11. Similarly,
FY 10
10.60%
ROE
6.82%
(ROCE) also increased from 5.31 percent to

0%
8.69 percent in FY11 over FY10. Breakup value
2%
4%
6%
8%
10%
per certificate increased from Rs 12.36 per certificate in FY10 to Rs. 12.87 per certificate in FY11.
124
12%
Modarba Comapnies - Overall
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
10,275,032
10,890,240
11,014,186
11,441,371
12,308,302
1.Certificate capital
7,079,743
7,422,645
8,439,418
8,439,418
8,746,250
2.Reserves
3,870,413
3,682,816
3,579,654
4,222,106
4,751,287
(1,004,886)
(1,220,153)
(1,189,235)
Items
(675,124)
3.Unappropriated profit
4.Others

1.Current liablities
(215,221)
359,923
498,561
(43,741)
47,715
113,519
14,700,635
17,278,012
12,310,898
13,003,729
13,921,260
9,831,839
10,139,280
7,945,306
9,445,827
10,277,443
4,868,796
7,138,732
4,365,592
3,557,902
3,643,817
25,335,590
28,666,813
23,281,343
24,492,815
26,343,081
12,030,150
13,697,734
9,934,333
11,249,647
11,460,568
1,567,692
1,327,204
1,252,489
1,075,987
1,171,444
10,702,947
12,445,245
8,858,346
10,078,203
9,892,876
13,305,440
14,969,079
13,347,010
13,243,168
14,882,513
a.Fixed assets
4,872,096
7,635,615
7,011,209
9,303,864
10,602,835
4,914,633
4,012,698
4,132,080
2,257,698
2,793,799
3,518,711
3,320,766
2,203,721
1,681,606
1,485,879
1.Gross revenue(loss)
4,831,869
5,849,848
7,047,368
5,308,306
5,917,634
2.Operating expenses
1,684,052
1,907,021
2,237,073
1,246,196
1,343,354
3.Operating profit
3,147,931
3,473,593
4,810,295
4,065,640
4,574,280
84,008
35,387
60,712
38,345
79,693
717,275
870,025
1,321,320
799,640
1,395,418
712,393
852,807
1,309,424
780,586
1,305,190
1,028,372
843,061
944,558
925,557
956,240

4.Modaraba co's management fees
E.Other items
1.No. of certificates
2.Cash dividend
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
662,910
(692,866)
6.93%
7.83%
11.89%
6.82%
10.60%
4.63%
4.70%
8.62%
5.31%
8.69%
2.81%
2.97%
5.62%
3.19%
4.95%
14.74%
14.58%
18.58%
14.70%
22.06%
236.39%
223.62%
170.84%
159.65%
102.92%
4.99%
1.86%
2.71%
3.08%
5.93%
0.69
1.01
1.39
0.84
1.36
1.Current asssets to current liabilities (C1/B1) (times)
1.22
1.35
1.25
1.19
1.12
0.58
0.60
0.53
0.53
0.53
19.40%
14.00%
17.75%
9.22%
10.61%
40.56%
37.99%
47.31%
46.71%
46.72%
9.99
12.92
11.66
12.36
12.87
0.93
-0.81
1.36
2.93
2.58
0.07
-0.07
0.22
0.24
0.33
1,786,670
2,283,871
3,369,740
4.Return on revenue (D6/D1)

6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios

2.Break up value per certificate (A/E1)
I.Cash flow ratio
125
Modaraba Al-Mali
Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
232,220
238,341
211,447
199,045
178,889
184,240
184,240
184,240
184,240
184,240
2.Reserves
54,229
55,453
55,453
55,964
55,964
(6,249)
(1,352)
(28,246)
(41,159)
(61,315)
4.Others

547
1,039
512
78,096
69,776
50,926
49,813
34,163
41,870
48,266
36,622
39,349
28,061
36,226
21,510
14,304
10,464
6,102
310,863
309,156
262,885
248,858
213,052
182,599
145,410
63,408
78,431
71,328
45,038
72,278
10,490
1,115
3,237
137,561
73,132
52,918
77,316
68,091
128,264
163,746
199,477
170,427
141,724
a.Fixed assets
73,794
125,644
124,211
131,245
132,728
17,520
27,545
33,104
22,270
36,950
10,557
42,162
16,912
8,996
57,841
36,620
30,258
61,498
85,484
41,265
38,800
39,655
68,743
79,468
3.Operating profit
16,576
(2,180)
(9,397)
(7,245)

6,016
(11,727)
6,120
(22,287)
(12,913)
(20,015)
(11,727)
6,120
(22,287)
(12,913)
(20,155)
18,424
18,424
18,242
18,242
18,242
2.Cash dividend
0.00%
2.50%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
62,379
98,787
(45,403)
12,776
20,887
-0.05%
2.57%
-10.54%
-6.49%
-11.27%
-0.04%
2.35%
-9.85%
-6.16%
-10.82%
-0.04%
1.98%
-8.48%
-5.19%
-9.46%
-0.20%
16.71%
-73.66%
-21.00%
-23.58%
E.Other items
-3.52%
633.99%
-177.93%
-532.35%
-394.28%
0.00%
0.00%
0.00%
0.00%
0.00%
-0.64
0.33
-1.22
-0.71
-1.10
4.36
3.01
1.73
1.99
2.54
0.25
0.23
0.19
0.20
0.16
0.06%
8.91%
12.59%
8.95%
0.00%
0.75%
77.09%
80.43%
79.98%
83.96%
12.60
12.94
11.59
10.91
9.81
-5.32
16.14
2.04
-0.99
-1.04
1.49
2.05
-1.24
0.32
0.74
G.Liquidity Ratios

I.Cash flow ratio

126
Al-Noor Modaraba
Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
291,395
313,462
296,968
308,442
328,213
210,000
210,000
210,000
210,000
210,000
2.Reserves
67,772
79,628
80,970
83,677
96,334
13,623
23,834
5,998
14,765
21,879
4.Others

(1,697)
(18,622)
(17,272)
(1,568)
(2,073)
43,407
34,996
21,844
23,995
23,293
35,902
27,556
13,418
17,674
17,560
7,505
7,440
8,426
6,321
5,733
333,105
329,836
301,540
330,869
349,433
223,314
205,998
204,296
253,921
264,975
68,461
9,568
24,483
11,400
50,284
154,853
196,430
179,813
242,521
214,691
109,791
123,838
97,244
76,948
84,458
a.Fixed assets
56,456
76,032
42,064
43,338
34,944
53,335
43,966
29,295
18,598
20,767
3,840
25,885
15,012
28,747
52,664
67,348
65,620
41,055
43,387
9,225
9,413
11,722
13,925
19,473
43,439
57,935
53,898
49,968
23,914
1,871
3,589
508
(34,053)
16,839
32,301
4,572
11,267
30,047
16,656
31,991
4,205
11,035
29,892

3.Operating profit
E.Other items
21,000
21,000
21,000
21,000
21,000
2.Cash dividend
6.00%
10.00%
0.00%
5.00%
8.00%
0.00%
0.00%
0.00%
0.00%
0.00%
76,399
7,086
74,367
(9,158)
59,273
0.06%
10.21%
1.42%
3.58%
9.11%
0.06%
10.69%
1.59%
3.60%
9.05%
0.05%
9.70%
1.39%
3.34%
8.55%
0.32%
47.50%
6.41%
26.88%
68.90%
0.55%
29.42%
278.76%
126.19%
65.14%
0.20%
38.13%
4.33%
0.00%
-174.87%
0.79
1.52
0.20
0.53
1.42
6.22
7.48
15.23
14.37
15.09
0.13
0.11
0.07
0.07
0.07
0.16%
13.33%
9.72%
5.62%
5.94%
0.88%
95.04%
98.48%
93.22%
93.93%
13.88
14.93
14.14
14.69
15.63
4.59
0.22
17.69
-0.83
1.98
2.13
0.26
5.54
-0.52
3.38
G.Liquidity Ratios

I.Cash flow ratio
127
Allied Rental Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
871,680
1,059,652
1,212,946
600,000
600,000
600,000
2.Reserves
177,942
316,928
461,075
93,738
142,724
151,871
4.Others
90,000
90,000
90,000
311,177
361,219
807,850
203,400
316,634
658,070
Items

107,777
44,585
149,780
1,272,857
1,510,871
2,110,796
182,703
204,600
228,460
34,979
87,624
61,489
147,724
116,976
166,971
1,090,154
1,306,271
1,882,336
a.Fixed assets
980,382
1,219,700
1,226,722
83,642
69,678
597,409
26,130
16,893
58,205
633,335
829,397
1,033,739
491,197
654,912

383,415
3.Operating profit
249,920
338,200
378,827
8,597
7,392
176,141
277,973
288,294
176,141
277,973
288,294
60,000
60,000
60,000
2.Cash dividend
15.00%
22.50%
23.00%
0.00%
0.00%
25.00%
275,140
530,059
3,373,353
20.21%
26.23%
23.77%
16.47%
23.28%
19.85%
13.84%
18.40%
13.66%
33.52%
27.89%
E.Other items
27.81%
217.68%
176.71%
227.17%
0.00%
1.75%
1.13%
2.94
4.63
4.80
0.90
0.65
0.35
0.24
0.38
G.Liquidity Ratios
0.24
6.57%
4.61%
28.30%
68.48%
70.14%
57.46%
14.53
17.66
20.22
1.56
1.91
11.70
1.35
1.67
5.13
I.Cash flow ratio
128
B.F. Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
80,533
87,379
91,058
94,461
111,953
59,119
63,553
68,320
68,320
75,152
2.Reserves
13,054
15,108
16,212
17,232
23,354
8,360
8,718
6,526
8,909
13,447
10,267
5,933
557
7,760
15,551
3,085
3,279
8,688
2,439
4,935
2,862
3,158
8,521
2,193
1,906
Items
4.Others

223
121
167
246
3,029
93,885
96,591
100,303
104,660
132,439
90,753
95,048
99,061
103,685
117,444

8,235
25,109
15,491
8,008
17,645
82,519
69,939
83,570
95,677
99,799
3,132
1,543
1,242
975
14,995
951
808
1,202
935
14,955
2,181
735
40
40
40
10,254
11,014
14,473
11,913
29,489
1,641
1,845
2,201
2,523
2,955
3.Operating profit
8,613
9,169
12,272
9,390
26,534
773
847
811
20,369
6,958
7,626
7,064
5,438
20,369
6,155
6,846
3,679
3,403
17,491
a.Fixed assets
E.Other items
5,912
6,355
6,832
6,832
7,515
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
8.00%
7.50%
0.00%
0.00%
0.00%
(21,996)
10,527
(1,307)
(13,710)
9,767
0.08%
7.83%
4.04%
3.60%
15.62%
0.08%
8.16%
7.70%
5.31%
15.60%
0.07%
7.09%
3.67%
3.25%
13.21%
0.60%
62.16%
25.42%
28.57%
59.31%
0.27%
26.95%
59.83%
74.14%
16.89%
0.47%
45.91%
36.85%
0.00%
689.31%
1.04
1.08
0.54
0.50
2.33
31.71
30.10
11.63
47.28
61.62
0.03
0.03
0.09
0.02
0.04
0.02%
0.76%
0.04%
0.04%
0.03%
0.86%
90.46%
90.78%
90.26%
84.53%
13.62
13.75
13.33
13.83
14.90
-3.57
1.54
-0.36
-4.03
0.56
-7.69
3.33
-0.15
-6.25
5.12
G.Liquidity Ratios

I.Cash flow ratio
129
B.R.R. Guardian Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,310,919
1,396,251
823,262
662,028
703,731
780,462
780,462
780,462
780,462
780,462
2.Reserves
455,853
539,522
544,522
544,522
565,374
74,604
76,267
(501,722)
(662,956)
(642,105)
Items
4.Others

324,222
437,033
(82,842)
(29,134)
28,952
2,558,811
2,682,433
2,266,700
3,010,180
2,234,116
1,850,802
1,541,160
1,104,517
1,976,529
1,085,777
708,009
1,141,273
1,162,183
1,033,651
1,148,339
4,193,952
4,515,717
3,007,120
3,643,074
2,966,799
1,970,292
2,296,937
1,032,099
1,750,439
1,180,460
12,950
9,881
66,288
105,242
121,699
1,957,342
2,287,056
965,811
1,645,197
1,058,761
2,223,660
2,218,780
1,975,021
1,892,635
1,786,339
a.Fixed assets
182,585
986,678
505,989
289,635
578,976
136,781
166,024
163,297
593,777
529,731
1,904,294
1,066,078
1,305,735
1,009,223
677,632
885,526
921,625
557,006
631,419
614,992
91,591
98,877
99,113
102,281
109,303
793,935
822,748
457,893
508,827
505,689
14,582
16,852
4,728
131,241
151,671
502,748
(161,234)
41,703
147,102
151,671
502,748
(161,234)
41,703
78,046
78,046
78,046
78,046
78,046
2.Cash dividend
8.50%
9.00%
0.00%
0.00%
2.50%
0.00%
0.00%
0.00%
0.00%
0.00%
658,968
492,751
497,007
421,836
321,609
0.11%
10.86%
61.07%
-24.35%
5.93%
0.06%
5.10%
26.42%
-9.67%
2.22%
0.04%
3.36%
16.72%
-4.43%
1.41%
0.17%
16.46%
90.26%
-25.54%
6.78%
0.62%
65.19%
19.71%
-63.44%
262.10%
0.16%
17.04%
0.00%
0.00%
4.33%
1.89
1.94
6.44
-2.07
0.53
1.07
1.49
0.93
0.89
1.09
0.61
0.59
0.75
0.83
0.75
0.03%
3.68%
5.43%
16.30%
17.86%
0.31%
30.92%
27.38%
18.17%
23.72%
16.80
17.89
10.55
8.48
9.02
4.48
3.25
0.99
-2.62
7.71
0.36
0.32
0.45
0.21
0.30

3.Operating profit
E.Other items
G.Liquidity Ratios

I.Cash flow ratio
130
Constellation Modaraba
Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
75,571
74,736
65,069
67,185
69,592
64,625
64,625
64,625
64,625
64,625
2.Reserves
5,867
5,927
5,928
6,350
6,832
5,079
4,184
(5,484)
(3,790)
(1,865)
4.Others

6,361
6,573
6,277
7,254
4,386
6,361
6,573
6,277
7,254
4,063
323
81,932
81,309
71,346
74,439
73,978
25,233
24,595
38,238
41,369
40,881
12,329
21
86
240
1,084
12,904
24,574
38,152
41,129
39,797
56,699
56,714
33,108
33,070
33,097
699
714
108
70
39
23,000
23,000
33,000
33,000
33,000
33,000
33,000
58
8,582
4,357
3,854
7,347
7,271
4,228
332
4,227
4,903
5,874
3.Operating profit
4,354
4,025
(373)
2,444
1,397
94
30
2,719
937
301
(4,987)
2,223
(247)
894
301
(4,987)
2,118
(66)
a.Fixed assets
E.Other items
6,462
6,462
6,462
6,462
6,462
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
96,056
(17,078)
7,897
162
1,929
0.01%
0.40%
-7.66%
3.15%
-0.09%
0.01%
0.40%
-7.66%
3.31%
-0.35%
0.01%
0.37%
-6.99%
2.85%
-0.09%
0.10%
6.91%
-129.40%
28.83%
-0.91%
4.73%
110.30%
-84.76%
231.49%
-8,900.00%
0.02%
9.04%
0.00%
0.00%
46.29%
0.14
0.05
-0.77
0.33
-0.01
3.97
3.74
6.09
5.70
10.06
0.08
0.08
0.09
0.10
0.06
0.28%
28.29%
46.25%
44.33%
44.61%
0.92%
91.92%
91.20%
90.26%
94.07%
11.70
11.57
10.07
10.40
10.77
G.Liquidity Ratios

I.Cash flow ratio

131
107.45
-56.74
-1.58
0.08
-29.23
15.10
-2.60
1.26
0.02
0.47
Crescent Standard Modaraba

Items
2.Reserves
(Thousand Rupees)
2010
2011
2007
2008
2009
108,602
109,140
110,902
115,926
118,552
200,000
200,000
200,000
200,000
200,000
4,288
4,557
5,438
7,950
10,463
(95,686)
(95,417)
(94,536)
(92,024)
(91,911)
4.Others
2011
(630)
(896)
23,652
23,108
(1,311)
23,179
44,101
30,688
(1,001)
23,652
23,108
23,179
43,951
24,510
150
6,178
132,254
130,937
133,451
159,131
148,239
132,254
130,619
133,451
134,649
96,730
286
16,088
16,490
20,812
20,645
131,968
114,531
116,961
113,837
76,085
318
24,482
51,509
a.Fixed assets
318
2,285
25,864
22,197
25,645
178
1,417
4,218
13,528
16,842
646
1,822
1,919
5,983
5,242
(468)
(405)
2,299
9,085
11,600
570
538
538
1,762
5,024
5,026
538
538
1,762
5,024
5,026
20,000
20,000
20,000
20,000
20,000
2.Cash dividend
0.00%
0.00%
0.00%
1.20%
1.20%
0.00%
0.00%
0.00%
0.00%
0.00%
2,770
42,512
32,502
19,282
6,683
0.01%
0.49%
1.59%
4.33%
4.24%
0.01%
0.50%
1.60%
4.36%
4.06%
0.00%
0.41%
1.32%
3.16%
3.39%
3.02%
37.97%
41.77%
37.14%
29.84%
1.20%
338.66%
108.91%
119.09%
104.30%
0.00%
0.00%
0.00%
0.00%
10.87%
0.03
0.03
0.09
0.25
0.25
5.59
5.65
5.76
3.06
3.95
0.18
0.18
0.17
0.28
0.21
0.00%
0.00%
0.00%
13.95%
17.30%
0.82%
83.35%
83.10%
72.85%
79.97%
5.43
5.46
5.55
5.80
5.93
5.15
79.02
18.45
3.84
1.33
0.12
1.84
1.40
0.44
0.27

3.Operating profit
E.Other items
G.Liquidity Ratios

I.Cash flow ratio
132
Elite Capital Modaraba

Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
123,951
118,182
112,550
117,680
124,042
113,400
113,400
113,400
113,400
113,400
10,551
4,782
(850)
4,280
10,642
18,767
25,553
32,568
37,344
44,098
6,974
12,717
14,290
15,150
9,358
11,793
12,836
18,278
22,194
34,740
142,718
143,735
145,118
155,024
168,140
82,860
67,337
47,099
49,915
59,789
13,665
13,961
10,439
6,480
16,825
69,195
53,376
36,660
43,435
42,964
59,858
76,398
98,019
105,109
108,351
1,712
1,791
1,620
1,758
2,969
20,635
25,371
21,057
20,679
12,274
37,511
49,236
75,342
82,672
93,108
30,263
35,809
41,064
48,178
53,703
8,641
10,065
11,123
12,864
15,048
a.Fixed assets
21,622
25,744
29,941
35,314
38,655
1,069
1,095
766
979
9,623
9,854
6,893
7,320
8,812
9,623
9,854
6,893
7,320
8,812
11,340
11,340
11,340
11,340
11,340
2.Cash dividend
6.00%
6.00%
4.50%
5.00%
5.50%
0.00%
0.00%
0.00%
0.00%
0.00%
23,176
5,755
1,332
(6,079)
9,187
0.08%
8.34%
6.12%
6.22%
7.10%
0.07%
7.52%
5.27%
5.23%
5.55%
0.07%
6.86%
4.75%
4.72%
5.24%
0.32%
27.52%
16.79%
15.19%
16.41%
0.90%
102.14%
161.37%
175.74%
170.77%
0.12%
10.88%
6.89%
0.00%
6.51%
0.85
0.87
0.61
0.65
0.78
11.88
5.30
3.30
3.29
6.39
0.13
0.18
0.22
0.24
0.26
0.15%
17.65%
14.51%
13.34%
7.30%
0.87%
82.22%
77.56%
75.91%
73.77%
10.93
10.42
9.93
10.38
10.94
2.41
0.58
0.19
-0.83
1.04
3.32
0.45
0.09
-0.40
0.98
3.Operating profit
E.Other items
G.Liquidity Ratios

I.Cash flow ratio
133
Equity Modaraba
Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
582,748
574,163
544,464
547,821
562,818
524,400
524,400
524,400
524,400
524,400
2.Reserves
66,096
75,543
75,689
74,975
75,156
(7,748)
(25,780)
(55,625)
(51,554)
(36,738)
4.Others

58,671
64,951
46,040
39,126
50,839
57,732
63,842
45,035
37,729
49,232
939
1,109
1,005
1,397
1,607
641,419
639,114
590,504
586,947
613,657
287,273
248,798
232,708
232,002
257,776
116,157
52,857
10,757
20,183
57,258
171,116
195,941
221,951
211,819
200,518
354,146
390,316
357,796
354,945
355,881
12,460
16,964
15,189
19,051
18,580
297,036
309,231
278,917
278,133
280,390
44,650
64,121
63,690
57,761
56,911
39,582
26,155
22,801
25,877
17,888
20,399
20,966
20,946
23,136
16,568
3.Operating profit
19,183
5,189
1,855
2,741
1,320
19,810
7,566
346
(591)
240,335
18,000
7,367
146
(714)
180,251
52,440
52,440
52,440
52,440
52,440
2.Cash dividend
2.50%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
63,664
(30,463)
(30,679)
13,607
17,511
0.03%
1.28%
0.03%
-0.13%
32.03%
0.03%
1.32%
0.06%
-0.11%
42.58%
0.03%
1.15%
0.02%
-0.12%
29.37%
0.46%
28.17%
0.64%
-2.76%
1,007.66%
1.13%
284.59%
14,346.58%
-3,240.34%
9.19%
0.00%
0.00%
0.00%
0.00%
0.00%
0.34
0.14
0.00
-0.01
3.44
4.98
3.90
5.17
6.15
5.24
0.09
0.10
0.08
0.07
0.08
0.46%
48.38%
47.23%
47.39%
45.69%
0.91%
89.84%
92.20%
93.33%
91.72%
11.11
10.95
10.38
10.45
10.73
3.54
-4.14
-210.13
-19.06
0.10
1.10
-0.48
-0.68
0.36
0.36
a.Fixed assets
E.Other items
G.Liquidity Ratios

I.Cash flow ratio
134
Fidelity Leasing Modaraba

Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
348,724
351,545
326,707
325,202
335,186
264,138
264,138
264,138
264,138
264,138
2.Reserves
58,005
58,064
61,914
72,258
75,297
26,581
29,343
655
(11,194)
(4,249)
4.Others

168,041
142,696
131,052
107,665
40,043
101,047
60,781
69,246
86,547
30,428
66,994
81,915
61,806
21,118
9,615
516,765
494,241
457,759
432,867
375,229
204,416
155,691
105,432
199,227
136,244
40,429
34,160
5,469
13,405
16,490
163,987
121,531
99,963
185,822
119,754
312,349
338,550
352,327
233,640
238,985
158,927
181,426
105,765
75,272
29,776
20,158
57,195
59,881
4,574
106,403
133,264
99,929
186,681
153,794
102,806
82,616
118,948
71,449
55,884
71,466
22,106
24,960
21,077
18,438
20,746
3.Operating profit
60,510
93,988
50,372
37,446
50,720
3,689
4,631
984
33,207
41,680
(2,580)
(11,530)
8,680
33,207
41,680
(2,274)
(11,849)
8,680

a.Fixed assets
E.Other items
26,413
26,413
26,413
26,413
26,413
10.00%
10.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
34,622
(8,589)
15,893
24,329
(45,926)
0.10%
11.86%
-0.70%
-3.64%
2.59%
0.08%
9.62%
-0.66%
-3.33%
2.52%
0.06%
8.43%
-0.50%
-2.74%
2.31%
0.40%
35.04%
-3.18%
-21.20%
12.15%
0.67%
59.88%
-926.87%
-155.61%
239.01%
0.17%
18.55%
0.00%
0.00%
4.74%
1.26
1.58
-0.09
-0.45
0.33
2.02
2.56
1.52
2.30
4.48
0.33
0.29
0.29
0.25
0.11
0.04%
11.57%
13.08%
1.06%
28.36%
0.68%
71.13%
71.37%
75.13%
89.33%
13.20
13.31
12.37
12.31
12.69
1.04
-0.21
-6.99
-2.05
-5.29
0.34
-0.14
0.23
0.28
-1.51
2.Cash dividend
G.Liquidity Ratios

I.Cash flow ratio
135
First Imrooz Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
96,064
92,442
102,508
112,178
116,951
30,000
30,000
30,000
30,000
30,000
2.Reserves
44,089
47,123
49,329
55,043
60,558
21,975
15,319
23,179
27,135
26,393
Items
4.Others

48,870
115,434
83,809
112,811
199,437
45,296
110,573
76,989
104,671
190,541
3,574
4,861
6,820
8,140
8,896
144,934
207,876
186,317
224,989
316,388
139,880
201,130
180,878
216,965
310,020
45,180
57,750
48,054
6,888
17,555
94,700
143,380
132,824
210,077
292,465
5,054
6,746
5,439
8,024
6,368
5,041
6,746
5,248
7,535
6,034
13
191
489
334
56,033
51,205
58,779
78,068
92,555
18,709
20,795
22,507
25,521
29,425
3.Operating profit
37,324
30,410
36,272
52,547
63,130
2,931
2,712
2,607
5,360
38,938
31,185
29,982
48,341
54,192
24,983
15,167
22,065
28,570
27,573
a.Fixed assets
E.Other items
3,000
3,000
3,000
3,000
3,000
65.00%
40.00%
63.00%
76.00%
73.50%
0.00%
0.00%
0.00%
0.00%
0.00%
62,081
9,214
13,745
(40,221)
5,787
0.26%
0.16%
21.53%
25.47%
23.58%
0.39%
0.32%
27.42%
40.18%
43.06%
0.17%
0.07%
11.84%
12.70%
8.71%
0.45%
0.30%
37.54%
36.60%
29.79%
0.75%
1.37%
102.00%
89.33%
106.72%
0.16%
0.13%
11.58%
0.00%
18.22%
8.33
5.06
7.36
9.52
9.19
3.09
1.82
2.35
2.07
1.63
0.34
0.56
0.45
0.50
0.63
0.00%
0.00%
0.00%
0.00%
0.00%
0.66%
0.45%
55.02%
49.86%
36.96%
32.02
30.81
34.17
37.39
38.98
2.49
0.61
0.62
-1.41
0.21
1.37
0.08
0.18
-0.38
0.03
2.Cash dividend
G.Liquidity Ratios

I.Cash flow ratio
136
Habib Bank Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
663,466
620,804
621,226
647,617
677,068
397,072
397,072
397,072
397,072
397,072
2.Reserves
266,394
223,732
224,154
250,545
279,996
Items
4.Others


545,629
528,289
205,939
116,413
132,543
343,016
347,426
120,604
48,682
53,523
202,613
180,863
85,335
67,731
79,020
1,209,095
1,149,093
827,165
764,030
809,611
193,927
92,060
69,097
168,824
206,987
18,385
9,514
4,073
25,003
21,639
175,542
82,546
65,024
143,821
185,348
1,015,168
1,057,033
758,068
595,206
602,624
1,347
1,048,156
757,915
543,875
492,809
40,370
8,125
51,179
99,179
973,451
752
153
152
10,636
568,972
494,439
497,327
405,588
312,872
8,936
9,137
9,522
10,233
11,926
560,036
485,302
487,805
395,355
300,946
5,820
2,334
2,198
7,952
52,377
21,012
19,779
44,976
71,567
52,377
21,012
19,779
44,976
71,567
a.Fixed assets
3.Operating profit
E.Other items
39,707
39,707
39,707
39,707
39,707
13.00%
5.00%
5.00%
11.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
58,259
41,654
334,985
287,475
87,655
0.08%
3.38%
3.18%
6.94%
10.57%
0.06%
2.62%
2.80%
6.29%
9.47%
0.04%
1.83%
2.39%
5.89%
8.84%
0.09%
4.25%
3.98%
11.09%
22.87%
0.17%
43.48%
48.14%
22.75%
16.66%
0.65%
25.54%
23.08%
0.00%
66.68%
1.32
0.53
0.50
1.13
1.80
0.57
0.26
0.57
3.47
3.87
0.45
0.46
0.25
0.15
0.16
0.03%
0.71%
0.00%
6.70%
12.25%
0.55%
54.03%
75.10%
84.76%
83.63%
16.71
15.63
15.65
16.31
17.05
1.11
1.98
16.94
6.39
1.22
0.17
0.12
2.78
5.91
1.64
2.Cash dividend
G.Liquidity Ratios

I.Cash flow ratio
137
Habib Modaraba
Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,497,691
2,846,818
2,618,148
2,892,195
3,059,624
504,000
1,008,000
1,008,000
1,008,000
1,008,000
1,888,247
1,619,090
1,407,211
1,668,921
1,825,693
105,444
219,728
202,937
215,274
225,931
2,503,211
1,178,832
663,054
885,692
1,015,590
1,811,583
778,516
527,696
728,545
820,814
691,628
400,316
135,358
157,147
194,776
5,000,902
4,025,650
3,281,202
3,777,887
4,075,214
1,808,282
1,303,313
1,163,360
1,302,277
1,531,467
125,153
150,213
302,136
212,337
161,528
1,683,129
1,153,100
861,224
1,089,940
1,369,939
3,192,620
2,722,337
2,117,842
2,475,610
2,543,747
3,191,309
2,713,543
2,103,719
2,435,300
2,372,955
1,164
1,211
80
32,291
162,256
147
7,583
14,043
8,019
8,536
1,502,963
1,666,786
1,666,234
317,651
346,280
1,248,616
1,390,608
1,357,193
47,817
55,711
254,347
276,178
309,041
269,834
290,569
16,590
(29,873)
27,068
29,713
30,880
149,310
268,855
243,613
267,421
277,922
149,310
268,855
243,613
267,421
277,922
100,800
201,600
201,600
201,600
201,600
2.Cash dividend
20.00%
21.00%
20.00%
21.00%
22.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(232,787)
559,621
805,462
(102,404)
129,830
5.98%
9.44%
9.30%
9.25%
9.08%
4.68%
8.28%
8.85%
8.77%
8.54%
2.99%
6.68%
7.42%
7.08%
6.82%
9.93%
16.13%
14.62%
84.19%
80.26%
836.26%
517.23%
557.11%
17.88%
20.05%
1.33%
-2.15%
1.99%
62.14%
55.43%
1.48
1.33
1.21
1.33
1.38
1.00
1.67
2.20
1.79
1.87
0.50
0.29
0.20
0.23
0.25
0.02%
0.03%
0.00%
0.85%
3.98%
49.94%
70.72%
79.79%
76.56%
75.08%
24.78
14.12
12.99
14.35
15.18
-1.56
2.08
3.31
-0.38
0.47
-0.13
0.72
1.53
-0.14
0.16

a.Fixed assets
3.Operating profit
E.Other items


G.Liquidity Ratios

I.Cash flow ratio
138
IBL Modaraba
Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
164,437
171,959
239,066
247,982
233,174
116,875
116,875
201,875
201,875
201,875
2.Reserves
35,409
48,348
31,892
39,142
39,172
12,153
6,736
5,299
6,965
4.Others

(7,873)
85,000
42,819
17,568
130,802
131,900
50,131
42,458
3,695
126,999
127,681
40,762
361
13,873
3,803
4,219
9,369
207,256
274,527
369,868
379,882
283,305
193,396
215,711
307,893
338,249
178,738

18,683
21,956
1,144
1,058
1,976
174,713
193,755
306,749
337,191
176,762
13,860
58,816
61,975
41,633
104,567
993
27,405
22,935
4,248
2,777
12,842
7,809
38,857
25
31,411
31,231
37,385
62,933
17,168
25,619
34,037
60,205
37,784
5,068
13,680
13,474
40,739
15,158
12,100
11,939
20,563
19,466
22,626
905
546
183
8,144
4,916
1,644
2,082
(8,782)
8,144
4,916
1,644
2,082
(8,782)
11,687
11,687
20,188
20,188
20,188
2.Cash dividend
8.00%
5.00%
3.00%
3.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(83,692)
(25,767)
9,496
3,804
63,546
0.05%
2.86%
0.69%
0.84%
-3.77%
0.05%
1.82%
0.68%
0.83%
-3.62%
0.04%
1.79%
0.44%
0.55%
-3.10%
0.47%
19.19%
4.83%
3.46%
-23.24%
0.62%
278.28%
819.59%
1,956.72%
-172.60%
0.18%
3.99%
1.36%
0.00%
0.00%
0.70
0.42
0.08
0.10
-0.44
4.56
58.38
2.42
2.65
4.38
0.21
0.06
0.35
0.35
0.18
0.06%
0.00%
2.11%
0.00%
13.72%
0.79%
62.64%
64.64%
65.28%
82.30%
14.07
14.71
11.84
12.28
11.55
-10.28
-5.24
5.78
1.83
-7.24
-1.97
-6.97
0.07
0.03
1.56
a.Fixed assets
3.Operating profit
E.Other items
G.Liquidity Ratios

I.Cash flow ratio

139
KASB Modaraba
Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
52,872
42,716
258,322
275,418
307,639
83,160
83,160
282,744
282,744
282,744
8,733
8,734
11,938
20,486
40,555
(39,021)
(49,178)
(36,360)
(27,812)
(15,660)
19,958
(665)
1,892
169,833
185,191
678,915
806,234
1,398
80,309
159,906
665,904
633,387
494
89,524
25,285
13,011
172,847
54,764
232,507
443,513
953,668
1,113,873
53,111
125,038
302,421
762,537
801,245
42,795
33,845
128,714
59,225
109,829
10,316
91,193
173,707
703,312
691,416
1,653
107,469
141,092
191,131
312,628
556
1,803
7,643
8,089
10,534
17,020
19,342
18,959
1,097
105,666
116,429
163,700
283,135
5,329
10,700
41,990
87,645
161,081
2,220
14,516
18,118
24,895
34,102
3.Operating profit
3,109
(3,816)
a.Fixed assets
23,872
62,690
126,979
227
1,780
4,460
2,047
7,428
16,023
17,096
40,139
2,227
8,078
16,023
17,096
40,139
E.Other items
8,316
8,316
28,274
28,274
28,274
2.Cash dividend
2.50%
0.00%
0.00%
2.80%
6.40%
0.00%
0.00%
0.00%
0.00%
0.00%
11,264
(174,184)
(4,931)
(529,121)
(27,481)
0.04%
18.91%
6.20%
6.21%
13.05%
0.04%
4.88%
5.65%
5.94%
8.35%
0.04%
3.47%
3.61%
1.79%
3.60%
0.42%
75.50%
38.16%
19.51%
24.92%
1.00%
179.70%
113.07%
145.62%
84.96%
0.10%
0.00%
9.82%
0.00%
13.08%
0.27
0.97
0.57
0.60
1.42
37.99
1.56
1.89
1.15
1.27
0.04
0.73
0.42
0.71
0.72
0.00%
0.00%
3.84%
2.03%
1.70%
0.97%
18.37%
58.24%
28.88%
27.62%
6.36
5.14
9.14
9.74
10.88
5.06
-21.56
-0.31
-30.95
-0.68
8.06
-2.17
-0.03
-0.79
-0.04
G.Liquidity Ratios

I.Cash flow ratio
140
National Bank Modaraba

Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
313,090
319,530
305,305
331,540
337,139
250,000
250,000
250,000
250,000
250,000
63,090
24,906
27,061
32,308
38,428
44,624
28,244
49,232
48,711
(13,057)
(16,822)
1,888,405
2,472,502
2,121,959
1,429,718
1,830,434
1,233,699
1,640,342
1,410,556
1,153,656
1,310,168
654,706
832,160
711,403
276,062
520,266
2,201,495
2,778,975
2,410,442
1,761,258
2,167,573
1,238,069
1,599,576
1,450,753
1,024,130
1,263,771

6,795
12,265
13,879
5,019
8,140
1,231,274
1,587,311
1,436,874
1,019,111
1,255,631
963,426
1,179,399
959,689
737,128
903,802
853
1,998
211,516
420,938
727,257
959,733
1,176,562
748,173
314,887
175,019
2,840
839
1,303
1,526
222,132
227,964
352,479
370,064
473,558
14,119
16,432
66,634
134,157
15,695
208,013
211,532
285,845
235,907
457,863
4,613
3,529
1,197
3,400
41,516
31,763
10,775
26,234
30,600
41,516
31,763
10,775
26,234
30,600
a.Fixed assets
3.Operating profit
E.Other items
25,000
25,000
25,001
25,000
25,000
12.00%
10.00%
0.00%
10.00%
10.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100,973
398,409
(398,408)
833,512
240,594
0.13%
9.94%
3.53%
7.91%
9.08%
0.04%
2.79%
1.08%
4.32%
3.57%
0.02%
1.14%
0.45%
1.49%
1.41%
0.19%
13.93%
3.06%
7.09%
6.46%
0.34%
51.73%
618.41%
511.39%
51.29%
0.33%
21.48%
1.80%
0.00%
21.66%
1.66
1.27
0.43
1.05
1.22
1.00
0.98
1.03
0.89
0.96
0.86
0.89
0.88
0.81
0.84
0.44%
42.34%
31.04%
17.88%
8.07%
0.14%
11.50%
12.67%
18.82%
15.55%
12.52
12.78
12.21
13.26
13.49
2.43
12.54
-36.98
31.77
7.86
0.08
0.24
-0.28
0.72
0.18
2.Cash dividend
G.Liquidity Ratios

I.Cash flow ratio
141
Pak Modaraba
Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
97,552
96,920
59,416
66,313
75,983
125,400
125,400
125,400
125,400
125,400
16,521
15,710
15,466
18,225
20,911
(44,369)
(44,190)
(81,450)
(77,312)
(70,328)
5,650
5,240
4,784
5,373
5,943
4,836
3,932
4,175
4,939
5,478
814
1,308
609
434
465
103,202
102,160
64,200
71,686
81,926
98,369
96,590
60,771
69,968
79,970
52,956
44,470
1,532
37,759
49,282
45,413
52,120
59,239
32,209
30,688
4,833
5,570
3,429
1,718
1,956
1,691
212
80
124
1,475
4,401
220
5,490
3,305
243
265
11,254
14,282
3,574
9,328
8,831
4,796
3,319
3,579
4,646
4,777
3.Operating profit
6,458
10,963
(5)
4,682
4,054
719
490
(766)
(1,498)
6,469
6,121
33,498
6,396
13,483
6,469
5,631
33,498
6,897
13,432
12,540
12,540
12,540
12,540
12,540
2.Cash dividend
3.00%
3.00%
0.00%
3.00%
4.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4,217
(6,315)
(45,608)
19,167
11,997
0.07%
5.81%
56.38%
10.40%
17.68%
0.07%
6.23%
55.81%
9.58%
17.64%
0.06%
5.51%
52.18%
9.62%
16.40%
0.58%
39.43%
937.27%
73.94%
152.10%
0.74%
58.94%
10.68%
0.15%
14.76%
0.00%
-16.49%
-31.36%
0.52
0.45
2.67
0.55
1.07
20.34
24.57
14.56
14.17
14.60
0.06
0.05
0.07
0.07
0.07
0.04%
0.00%
0.00%
0.00%
0.00%
0.95%
94.87%
92.55%
92.50%
92.75%
7.78
7.73
4.74
5.29
6.06
0.65
-1.12
-1.36
2.78
0.89
0.87
-1.61
-10.92
3.88
2.19
a.Fixed assets
E.Other items
67.36%
35.56%
G.Liquidity Ratios

I.Cash flow ratio
142
Paramount Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
103,047
108,957
118,845
126,764
144,005
58,633
58,633
58,633
58,633
58,633
2.Reserves
37,521
41,229
50,277
56,127
50,323
6,893
9,095
9,935
12,004
35,049
Items
4.Others

62,145
96,827
108,391
121,778
101,430
45,490
78,899
92,633
103,623
61,614
16,655
17,928
15,758
18,155
39,816
165,192
205,784
227,236
248,542
245,435
79,873
107,105
141,753
184,095
131,820
10,504
37,777
17,113
30,310
3,585
69,369
69,328
124,640
153,785
128,235
85,319
98,679
85,483
64,447
113,615
53,122
53,830
59,510
29,104
31,584
3,126
3,577
22,847
35,340
82,024
29,071
41,272
3,126
17,461
28,339
39,194
28,356
38,914
5,184
6,936
6,679
14,476
18,562
12,277
21,403
32,515
13,880
20,352
934
1,373
2,011
1,440
8,408
12,359
18,098
16,713
27,796
8,394
12,359
18,098
16,713
27,796
a.Fixed assets
3.Operating profit
E.Other items
5,863
5,863
5,863
5,863
5,863
11.00%
14.00%
15.00%
18.00%
23.50%
0.00%
0.00%
0.00%
0.00%
0.00%
14,646
33,147
25,305
19,587
(16,004)
2.Cash dividend

0.08%
11.34%
15.23%
13.18%
19.30%
0.07%
9.74%
13.45%
11.53%
15.12%
0.05%
6.01%
7.96%
6.72%
11.33%
0.48%
43.61%
46.18%
58.94%
71.43%
0.62%
56.12%
36.90%
86.62%
66.78%
0.18%
19.80%
30.11%
0.00%
7.76%
1.43
2.11
3.09
2.85
4.74
1.76
1.36
1.53
1.78
2.14
0.38
0.47
0.48
0.49
0.41
0.02%
1.74%
10.05%
14.22%
33.42%
0.62%
52.95%
52.30%
51.00%
58.67%
17.58
18.58
20.27
21.62
24.56
1.75
2.68
1.40
1.17
-0.58
0.32
0.42
0.27
0.19
-0.26
G.Liquidity Ratios

I.Cash flow ratio
143
Prudential Modaraba
Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
586,655
601,944
601,944
505,488
512,997
872,177
872,177
872,177
872,177
872,177
99,077
113,586
113,586
120,245
126,899
(384,599)
(383,819)
(383,819)
(486,934)
(486,079)
(1,311)
136,092
151,660
151,660
64,478
59,127
49,750
90,195
90,195
45,412
32,278
86,342
61,465
61,465
19,066
26,849
721,436
753,604
753,604
569,966
572,124
403,681
498,192
498,192
430,375
462,482
191,801
161,758
161,758
288,557
294,764
211,880
336,434
336,434
141,818
167,718
317,755
255,412
255,412
139,591
109,642
66,500
3,265
1,877
1,877
85,179
22,965
6,809
6,809
7,277
7,721
291,525
246,726
246,726
47,135
35,421
130,838
148,549
148,549
87,636
87,176
19,657
17,934
17,934
52,994
42,847
111,181
130,615
130,615
34,642
44,329
6,043
4,653
4,653
3,697
55,519
41,788
41,788
32,835
33,270
54,391
41,455
41,455
33,293
33,270
87,218
87,218
87,218
87,218
87,218
2.Cash dividend
3.00%
3.00%
0.00%
3.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
112,019
(17,336)
(17,336)
90,373
62,649
0.09%
6.89%
6.89%
6.59%
6.49%
0.08%
6.30%
6.30%
6.26%
6.16%
0.08%
5.50%
5.50%
5.84%
5.82%
0.42%
27.91%
27.91%
37.99%
38.16%
0.36%
43.26%
43.26%
159.17%
128.79%
0.31%
25.95%
25.95%
0.00%
8.63%
0.62
0.48
0.48
0.38
0.38
8.11
5.52
5.52
9.48
14.33
0.19
0.20
0.20
0.11
0.10
0.03%
0.90%
0.90%
1.28%
1.35%
0.81%
79.88%
79.88%
88.69%
89.67%
6.73
6.90
6.90
5.80
5.88
2.06
-0.42
-0.42
2.71
1.88
2.25
-0.19
-0.19
1.99
1.94
a.Fixed assets
3.Operating profit
E.Other items
G.Liquidity Ratios

I.Cash flow ratio
144
Punjab Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
463,978
443,635
362,998
370,029
296,446
340,200
340,200
340,200
340,200
340,200
2.Reserves
105,578
110,684
110,683
114,199
114,199
18,200
(7,249)
(87,885)
(84,370)
(157,953)
Items
4.Others


1,334,171
3,150,969
2,683,043
2,295,069
2,331,908
1,199,072
2,021,160
1,350,630
1,188,896
2,137,496
135,099
1,129,809
1,332,413
1,106,173
194,412
1,798,149
3,594,604
3,046,041
2,665,098
2,628,354
999,847
1,724,383
1,318,999
1,143,033
1,344,489
48,222
38,611
26,434
42,247
182,411
951,625
1,685,772
1,292,565
1,100,786
1,162,078
798,302
1,870,221
1,727,042
1,522,065
1,283,865
792,315
1,802,881
1,633,185
1,447,816
1,198,450
10,785
38,032
19,553
38,722
5,987
56,555
55,825
54,696
46,693
435,314
715,988
1,127,458
990,266
853,732
10,270
18,172
24,129
26,650
32,608
425,044
697,816
1,103,329
963,616
821,124
2,912
1,891
26,211
17,019
90,829
7,031
(70,182)
26,211
17,019
90,829
7,031
(70,182)
34,020
34,020
34,020
34,020
34,020
2.Cash dividend
6.00%
3.02%
0.00%
1.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
58,013
(1,473,786)
488,814
317,145
90,069
0.06%
3.84%
25.02%
1.90%
-23.67%
0.04%
1.08%
5.36%
0.48%
-14.30%
0.02%
0.47%
2.98%
0.26%
-2.67%
0.06%
2.38%
8.06%
0.71%
-8.22%
0.39%
106.77%
26.57%
379.04%
-46.46%
0.28%
10.41%
0.00%
0.00%
0.00%
0.77
0.50
2.67
0.21
-2.06
0.83
0.85
0.98
0.96
0.63
0.74
0.88
0.88
0.86
0.89
0.00%
0.30%
1.25%
0.73%
1.47%
0.26%
12.34%
11.92%
13.88%
11.28%
13.64
13.04
10.67
10.88
8.71

a.Fixed assets
3.Operating profit
E.Other items
G.Liquidity Ratios

I.Cash flow ratio

2.21
-86.60
5.38
45.11
-1.28
0.05
-0.73
0.36
0.27
0.04
145
Standard Chartered Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
859,867
892,332
923,617
928,614
938,070
432,224
453,835
453,835
453,835
453,835
2.Reserves
353,685
351,533
372,313
388,289
405,611
73,958
86,964
97,469
86,490
78,624
Items
4.Others

1,700,892
2,183,668
2,513,566
2,676,451
3,223,039
1,267,526
1,782,628
2,052,797
2,317,417
2,844,695
433,366
401,040
460,769
359,034
378,344
2,560,759
3,076,000
3,437,183
3,605,065
4,161,109
1,043,836
1,253,455
1,022,736
1,131,602
774,051

14,744
16,420
42,742
77,804
22,378
1,029,092
1,237,035
979,994
1,053,798
751,673
1,516,923
1,822,545
2,414,447
2,473,463
3,387,058
4,341
4,036
3,650
1,953,662
2,968,010
1,512,502
1,818,509
2,410,797
519,601
418,446
80
200
602
252,738
273,008
513,324
850,201
1,121,884
38,570
42,873
41,354
46,744
53,315
214,168
230,135
471,970
802,980
1,068,569
9,133
10,811
11,544
9,819
82,196
97,299
103,899
79,880
86,607
82,196
97,299
103,899
79,880
86,607
a.Fixed assets
3.Operating profit
E.Other items
43,222
45,383
45,383
45,383
45,383
15.00%
16.00%
16.50%
17.00%
17.25%
5.00%
0.00%
0.00%
0.00%
0.00%
84,100
(296,283)
(84,021)
251,783
(638,235)
0.10%
10.90%
11.25%
8.60%
9.23%
0.06%
7.52%
7.51%
6.20%
6.58%
0.03%
3.16%
3.02%
2.22%
2.08%
0.33%
35.64%
20.24%
9.40%
7.72%
0.47%
44.06%
39.80%
58.52%
61.56%
0.24%
25.22%
27.92%
0.00%
18.42%
1.90
2.14
2.29
1.76
1.91
0.82
0.70
0.50
0.49
0.27
0.66
0.71
0.73
0.74
0.77
0.59%
59.12%
70.14%
14.41%
10.06%
0.34%
29.01%
26.87%
25.76%
22.54%
19.89
19.66
20.35
20.46
20.67
1.02
-3.05
-0.81
3.15
-7.37
0.07
-0.17
-0.04
0.11
-0.22
2.Cash dividend
G.Liquidity Ratios

I.Cash flow ratio
146
Treet Manufacaturing Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
111,649
428,285
476,801
878,189
142,857
500,000
500,000
800,000
2.Reserves
24,258
85,872
(31,208)
(71,715)
(47,457)
(7,683)
4.Others
423,589
327,498
471,211
550,453
39,754
327,498
264,521
93,342
Items

383,835
206,690
457,111
535,238
755,783
948,012
1,428,642
378,932
525,747
609,334
1,075,593
16,539
64,775
38,627
58,762
362,393
460,972
570,707
1,016,831
156,306
230,036
338,678
353,049
a.Fixed assets
156,266
229,996
323,704
341,557
40
14,974
11,492
40
489,112
965,983
119,001
185,672
19,877
28,623
44,722
60,891
3.Operating profit
937,360
74,279
124,781
(15,618)
(40,507)
48,516
123,228
(15,618)
(40,507)
48,516
123,228
14,286
50,000
50,000
80,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(242,943)
(139,423)
(21,958)
(264,449)
-13.99%
-9.46%
10.18%
14.03%
-3.15%
-9.46%
7.10%
9.23%
-2.92%
-5.36%
5.12%
8.63%
-3.19%
-4.19%
40.77%
66.37%
-127.27%
-70.66%
92.18%
49.41%
0.00%
0.00%
0.00%
0.00%
-1.09
-0.81
0.97
1.54
9.53
1.61
2.30
11.52
0.79
0.43
0.50
0.39
0.00%
0.01%
1.58%
0.80%
20.86%
56.67%
50.29%
61.47%
7.82
8.57
9.54
10.98
15.56
3.44
-0.45
-2.15
-6.11
-0.43
-0.08
-2.83

E.Other items
G.Liquidity Ratios
I.Cash flow ratio
147
Tri-Star Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
199,353
199,858
211,121
208,545
207,015
211,631
211,631
211,631
211,631
211,631
26,075
26,176
28,451
30,053
30,053
(38,353)
(37,949)
(28,961)
(33,139)
(34,669)
4.Others
(12,773)
(11,890)
(17,269)
(18,267)
(17,707)
6,124
37,633
22,480
70,768
78,163
6,124
37,633
22,480
70,768
78,163
Items
2.Reserves

192,704
225,601
216,332
261,046
267,471
88,098
132,947
128,853
177,207
186,435

341
269
113
1,686
1,134
87,757
132,678
128,740
175,521
185,301
104,606
92,654
87,479
83,839
81,036
348
8,909
274
244
326
90,766
83,720
80,426
79,183
79,166
13,492
25
6,779
4,412
1,544
9,059
3,847
16,303
12,486
2,560
3,469
3,342
3,772
3,678
4,389
3.Operating profit
5,590
505
12,531
8,808
(1,829)
500
1,265
801
5,089
504
11,263
8,006
(1,530)
5,089
504
11,263
8,006
(1,530)
21,163
21,163
21,163
2,163
2,163
2.Cash dividend
0.00%
0.00%
5.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(3,586)
(7,003)
473
(7,715)
(490,103)
0.03%
0.25%
5.33%
3.84%
-0.74%
0.03%
0.27%
5.81%
4.21%
-0.81%
0.03%
0.22%
5.21%
3.07%
-0.57%
0.56%
13.10%
69.09%
64.12%
-59.77%
0.68%
663.10%
33.49%
45.94%
-286.86%
0.14%
0.00%
33.54%
21.78%
0.00%
0.24
0.02
0.53
3.70
-0.71
14.39
3.53
5.73
2.50
2.39
0.03
0.17
0.10
0.27
0.29
0.47%
37.11%
37.18%
30.33%
29.60%
1.04%
88.59%
97.59%
79.89%
77.40%
9.42
9.44
9.98
96.41
95.71
-0.71
-13.89
0.04
-0.96
320.33
-0.59
-0.19
0.02
-0.11
-6.27
a.Fixed assets
E.Other items
G.Liquidity Ratios

I.Cash flow ratio
148
Trust Modaraba
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
254,685
243,563
257,029
279,582
283,389
273,000
273,000
298,000
298,000
298,000
2.Reserves
(18,315)
(29,437)
(40,971)
49,852
60,361
(68,270)
(74,972)
Items
4.Others

65,021
28,005
43,023
91,552
93,825
62,328
25,943
15,551
33,605
27,625
2,693
2,062
27,472
57,947
66,200
319,706
271,568
300,052
371,134
377,214
235,880
203,502
189,713
185,059
191,959
1,009
3,205
8,161
8,314
16,777
234,871
200,297
181,552
176,745
175,182
83,826
68,066
110,339
186,075
185,255
a.Fixed assets
53,289
45,830
89,797
163,188
166,923
30,199
21,953
20,328
11,359
11,523
338
283
214
11,528
6,809
27,762
18,674
47,498
59,305
73,690
12,305
15,757
14,088
8,950
13,703
3.Operating profit
15,457
2,917
33,410
50,355
59,987
2,335


(61,938)
(1,933)
33,087
20,451
21,019
(64,925)
(1,671)
33,087
23,397
21,019
27,300
27,300
29,800
29,800
29,800
2.Cash dividend
0.00%
0.00%
0.00%
5.00%
5.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7,445
44,262
56,419
94,764
56,182
-0.26%
-0.69%
12.87%
8.37%
7.42%
-0.24%
-0.79%
11.63%
6.06%
6.01%
-0.20%
-0.62%
11.03%
6.30%
5.57%
-2.34%
-8.95%
69.66%
39.45%
28.52%
E.Other items
-0.19%
-942.97%
42.58%
38.25%
65.19%
0.00%
0.00%
0.00%
0.00%
17.04%
-2.38
-0.06
1.11
0.79
0.71
3.78
7.84
12.20
5.51
6.95
0.20
0.10
0.14
0.25
0.25
0.09%
8.08%
6.77%
3.06%
3.05%
0.80%
89.69%
85.66%
75.33%
75.13%
9.33
8.92
8.63
9.38
9.51
-0.12
-26.49
1.71
4.05
2.67
0.12
1.71
3.63
2.82
2.03
G.Liquidity Ratios

I.Cash flow ratio

149
UDL Modaraba
Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
404,130
439,590
450,296
474,679
494,865
263,866
263,866
263,866
263,866
263,866
2.Reserves
97,608
127,761
146,307
161,538
183,426
42,656
47,963
40,123
49,275
47,573
4.Others

19,131
(1,436)
25
485
(203)
137,415
150,044
163,626
165,131
165,266
23,853
30,400
38,470
41,164
35,266
113,562
119,644
125,156
123,967
130,000
560,676
588,198
613,947
640,295
659,928
447,722
443,867
433,941
456,807
466,860
220,363
226,524
59,740
61,338
250,848
227,359
217,343
374,201
395,469
216,012
112,954
144,331
180,006
183,488
193,068
a.Fixed assets
50,321
88,293
107,290
96,218
149,875
62,559
55,964
72,642
87,196
42,218
74
74
74
74
975
72,793
69,083
90,164
105,954
146,409
9,993
11,114
13,804
15,442
19,924
62,800
57,969
76,360
90,512
126,485
5,691
6,233
4,121
8,160
51,216
56,093
37,093
50,768
73,442
51,216
56,093
37,093
50,768
72,960
3.Operating profit
E.Other items
26,387
26,386
26,386
26,386
26,386
10.00%
10.00%
10.00%
12.50%
17.50%
0.00%
0.00%
0.00%
0.00%
0.00%
53,415
67,326
(85,684)
73,919
283,764
2.Cash dividend

0.13%
12.76%
8.24%
10.70%
14.74%
0.10%
10.06%
6.45%
8.47%
11.76%
0.09%
9.54%
6.04%
7.93%
11.06%
0.70%
81.20%
41.14%
47.92%
49.83%
0.20%
19.81%
37.21%
30.42%
27.31%
0.57%
56.08%
29.85%
0.00%
40.96%
1.94
2.13
1.41
1.92
2.77
18.77
14.60
11.28
11.10
13.24
0.25
0.26
0.27
0.26
0.25
0.11%
9.51%
11.83%
13.62%
6.40%
0.72%
74.74%
73.34%
74.13%
74.99%
15.32
16.66
17.07
17.99
18.75
1.04
1.20
-2.31
1.46
3.89
2.24
2.21
-2.23
1.80
8.05
G.Liquidity Ratios

I.Cash flow ratio
150
Unicap Modaraba
Items
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,168
1,953
1,953
184
(174)
136,400
136,400
136,400
136,400
136,400
8,582
8,739
8,739
8,739
8,739
(143,814)
(143,186)
(143,186)
(144,955)
(145,313)
3,746
3,622
3,622
3,333
3,326
3,746
3,622
3,622
3,333
3,326
4,914
5,575
5,575
3,517
3,152
113
731
731
947
594
14
647
647
763
428
99
84
84
184
166
4,801
4,844
4,844
2,570
2,558

4,801
4,844
4,844
2,570
2,558
436
397
397
456
375
270
265
265
539
732
3.Operating profit
166
132
132
(83)
(357)
424
784
784
(83)
(357)
424
784
784
(457)
(357)
13,640
13,640
13,640
13,640
13,640
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(15)
633
633
657
(334)
205.17%
a.Fixed assets
E.Other items

0.36%
40.14%
40.14%
-248.37%
0.36%
40.14%
40.14%
-45.11%
205.17%
0.09%
14.06%
14.06%
-12.99%
-11.33%
0.97%
197.48%
197.48%
-100.22%
-95.20%
0.64%
33.80%
33.80%
-117.94%
-205.04%
0.00%
0.00%
0.00%
0.00%
0.00%
0.03
0.06
0.06
-0.03
-0.03
0.03
0.20
0.20
0.28
0.18
0.76
0.65
0.65
0.95
1.06
0.98%
86.89%
86.89%
73.07%
81.15%
0.24%
35.03%
35.03%
5.23%
-5.52%
0.09
0.14
0.14
0.01
-0.01
-0.04
0.81
0.81
-1.44
0.94
0.00
0.17
0.17
0.20
-0.10
G.Liquidity Ratios

I.Cash flow ratio

151
2011
EXCHANGE COMPANIES
Exchange Companies exhibited an expansion in their balance sheet size during the period under
review. Total assets increased by 5.7 percent to stand at around Rs 7.6 billion during CY11 as
compared to Rs 7.2 billion in CY10. Decrease in profit before and after taxation of 31.0 percent and
39.9 percent respectively was recorded in CY11 over CY10.

Total equity increased from Rs 5.4 billion in
CY10 to Rs 6.2 billion in CY11 about 14.9

Million Rs.
percent over CY11. Total assets increased to 7.6

billion in CY11 from 7.2 billion in CY10;
recording an increase of 5.7 percent. Analysis
also reveals that the exchange companies were
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
20%
15%
6%
10%
0%
-10%
-20%
-23%
-30%
Total Equity
Total
Liabilities
Total Assets
holding around 50.8 percent of their total assets
CY 10
5,399.8
1,786.3
7,191.5
in the form of highly liquid assets, i.e., cash and
CY 11
6,206.3
1,371.1
7,604.9
Growth
15%
-23%
6%
bank balances because of their nature of business. Further, the formation of total equity has mainly
been through share capital which was around 89 & 88 percent in CY10 and CY11 respectively.

Gross revenue reached Rs 2.0 billion in CY11 showing an increase of 6.7 percent. Administrative and
general expenses increased from Rs 1.5 billion in CY10 to Rs 1.6 billion in CY11. Administrative and
Profit After Taxation
2500
1878.6
1479.2
2005.1
700.0
1621.5
600.0
1500
Million Rs.
Million Rs.
2000
Profit Before Taxation
1000
500
0
500.0
254.5
400.0
152.9
300.0
200.0
386.0
266.2
100.0
CY 10
Revenue
CY 11
0.0
CY 10
Admin. And Gen. Exp.
CY 11
general expenses were 78.7 percent of the gross revenue in CY10 which increased to 80.9 percent in
CY11, showing reduced operating efficiency in CY11 compared to CY10. Profit before tax decreased
from Rs 386.0 million in CY10 to Rs 266.2 million in CY11, registering a decrease of 31.0 percent in
152
2011
CY11. Similarly, profit after tax decreased from Rs 254.5 million in CY10 to Rs 152.9 million in
CY11, recording a decrease of 39.9 percent.
Return on capital employed (ROCE) and Return
on Assets (ROA) decreased from 6.72 percent
2.5%
ROE
4.7%
to 4.12 percent and 3.54 percent to 2.01 percent

respectively in CY11. Return on Equity also
4.1%
ROCE
CY 11
6.7%
decreased from 4.71 percent to 2.46 percent in

CY11. Breakup value per share increased from
ROA
Rs. 20.95 to Rs. 22.61 in CY11.
0.0%
153
2.0%
3.5%
2.0%
4.0%
6.0%
8.0%
CY 10
Exchange Companies - Overall

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

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
4,597,012
4,998,006
4,505,890
5,399,828
6,206,291
4,424,258
4,895,275
4,130,275
4,815,410
5,485,543
45,000
25,000
45,000
65,000
127,754
102,731
350,615
539,418
655,748
52,580
45,348
50,967
5,355
27,555
1,235,190
1,628,023
1,612,473
1,786,330
1,371,101
827,732
1,098,330
1,316,888
1,452,014
1,147,464
407,458
529,693
295,585
334,316
223,637
5,884,782
6,671,377
6,169,330
7,191,513
7,604,947
1.Current assets(a + b)
4,255,420
4,716,762
4,473,486
5,411,642
5,581,848
a.Cash & bank balances
2,669,485
2,770,981
2,776,536
3,670,935
3,864,389
b.Other assets
1,585,935
1,945,781
1,696,950
1,740,707
1,717,459
1,629,362
1,954,615
1,695,844
1,779,871
2,023,099
2.Non-current assets (a + b)
a.Fixed assets
476,006
750,108
631,224
642,596
678,423
b.Other assets
1,153,356
1,204,507
1,064,620
1,137,275
1,344,676
1.Revenue
987,907
1,656,131
1,661,192
1,878,553
2,005,073
2.Administrative and general expense
722,931
1,416,706
1,157,100
1,479,155
1,621,535
91,677
114,884
426,736
385,979
266,193
21,897
91,581
281,093
254,525
152,867
252,165
271,240
217,240
257,754
274,455
E.Other items
2.Cash dividend
N/A
N/A
N/A
N/A
N/A
3.Stock dividend/bonua shares
N/A
N/A
N/A
N/A
N/A
40,689
(3,407,508)
691,603
213,222
396,808
0.48%
1.83%
6.24%
4.71%
2.46%
2.Return on capital employed (ROCE) (D3/C-B1)
1.81%
2.06%
8.79%
6.72%
4.12%
0.37%
1.37%
4.56%
3.54%
2.01%
7.89
12.33
2.71
3.83
6.09
0.09
0.34
1.29
0.99
0.56
45.36%
41.54%
45.01%
51.05%
50.81%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total llabilities to total assets (B/C)
5.14
4.29
3.40
3.73
4.86
20.99%
24.40%
26.14%
24.84%
18.03%
78.12%
74.92%
73.04%
75.09%
81.61%
18.23
18.43
20.74
20.95
22.61
H.Capital /lverage ratios

I.Cash flow ratios

1.86
-37.21
2.46
0.84
2.60
0.05
-3.10
0.53
0.15
0.35
154
AA Exchange Company (Pvt) Ltd.
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
102,201
118,497
208,455
211,619
219,742
100,000
115,000
200,000
200,000
200,000
2,201
3,497
8,455
11,619
19,742
4.Others
4,796
30,000
6,810
45,170
13,324
113,495
151,143
4,541
22,862
12,883
110,497
146,762
Items
1.Share capital
2.Reserves

2,269
22,308
441
2,998
4,381
113,807
193,667
221,779
325,114
370,885
74,151
150,341
160,080
229,909
276,113
66,661
138,070
151,615
171,084
206,215
7,490
12,271
8,465
58,825
69,898
39,656
43,326
61,699
95,205
94,772

b.Other assets
a.Fixed assets
4,419
6,292
4,442
33,090
31,881
b.Other assets
35,237
37,034
57,257
62,115
62,891

12,315
22,607
52,020
95,228
111,056
9,273
20,722
43,362
87,977
96,843
5,046
2,454
6,981
5,420
11,902
4,127
1,296
4,957
3,164
8,123
10,000
11,500
20,000
20,000
20,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3,644
14,779
(1,468)
57,635
39,335
4.04%
1.09%
2.38%
1.50%
3.70%
4.62%
1.44%
3.34%
2.53%
5.31%
3.63%
0.67%
2.24%
0.97%
2.19%
1.84
8.44
6.21
16.23
8.14
0.41
0.11
0.25
0.16
0.41
58.57%
71.29%
68.36%
52.62%
55.60%
1.Revenue
E.Other items
G.Liquidity ratios
16.33
6.58
12.43
2.08
1.88
5.98%
23.32%
6.01%
34.91%
40.75%
89.80%
61.19%
93.99%
65.09%
59.25%
10.22
10.30
10.42
10.58
10.99
0.88
11.40
-0.30
18.22
4.84
0.80
0.65
-0.11
0.52
0.27


I.Cash flow ratios
155
Al-Hameed Intl. Money Ex (Pvt) Ltd.

Items
1.Share capital
2.Reserves
4.Others

(Thousand Rupees)
2010
2011
2007
2008
2009
96,846
198,148
198,544
199,585
199,626
100,000
200,000
200,000
200,000
200,000
(415)
(374)
(3,154)
2011
(1,852)
(1,456)
5,079
4,826
4,584
4,355
4,137
35,634
28,396
33,916
23,193
19,894
32,373
26,900
31,944
21,834
18,439
3,261
1,496
1,972
1,359
1,455
137,559
231,370
237,044
227,133
223,657
44,168
52,105
59,597
61,746
64,771
23,822
23,714
15,146
7,427
5,400
b.Other assets
20,346
28,391
44,451
54,319
59,371
93,391
179,265
177,447
165,387
158,886
a.Fixed assets
63,497
124,396
119,111
113,706
108,886
b.Other assets
29,894
54,869
58,336
51,681
50,000
1.Revenue
8,572
11,094
8,158
5,520
7,556
7,659
7,877
9,522
8,895
8,721
(4,878)
(660)
630
243
(5,084)
(4,678)
1,049
154
812
(176)
E.Other items
100
200
200
200
200
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(2,390)
(19,602)
(7,477)
(7,477)
(1,909)
-4.83%
0.53%
0.08%
0.41%
-0.09%
-4.64%
-0.32%
0.31%
0.12%
-2.48%
-3.40%
0.45%
0.06%
0.36%
-0.08%
-1.57
-11.93
15.11
36.60
-1.72
-46.78
5.25
0.77
4.06
-0.88
10.25%
6.39%
3.27%
2.41%

G.Liquidity ratios
17.32%
1.36
1.94
1.87
2.83
3.51
25.90%
12.27%
14.31%
10.21%
8.89%
70.40%
85.64%
83.76%
87.87%
89.26%
968.46
990.74
992.72
997.93
998.13
0.51
-18.69
-48.55
-9.21
10.85
-0.07
-0.73
-0.23
-0.34
-0.10

I.Cash flow ratios

156
Al-Rahim Exchange Company (Pvt.) Ltd.

Items
1.Share capital
2.Reserves
4.Others

(Thousand Rupees)
2010
2011
2007
2008
2009
193,151
199,356
200,662
201,231
205,015
200,000
205,410
205,410
205,410
205,410
(6,054)
(4,748)
(6,849)
2011
(4,179)
0
(395)
979
636
788
337
276
716
636
788
337
276
263
194,130
199,992
201,450
201,568
205,291
150,583
139,121
141,096
142,001
145,122
143,033
137,141
140,310
138,737
141,403
7,550
1,980
786
3,264
3,719
43,547
60,871
60,354
59,567
60,169

b.Other assets
a.Fixed assets
10,728
9,334
8,776
7,957
7,132
b.Other assets
32,819
51,537
51,578
51,610
53,037
1.Revenue
8,320
6,409
4,712
5,276
5,168
6,727
(1,402)
1,241
1,306
664
2,481
(1,443)
1,167
1,306
569
3,783

619
(8,068)
4,477
(8,616)
E.Other items
2,000
2,054
2,054
2,054
2,054
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(15,609)
7,610
4,053
786
2,875
-0.75%
0.59%
0.65%
0.28%
1.85%
-0.72%
0.62%
0.65%
0.33%
1.21%
-0.74%
0.58%
0.65%
0.28%
1.84%
-3.76
4.16
5.15
-12.15
-3.47
-0.72
0.57
0.64
0.28
1.84
73.68%
68.57%
69.65%
68.83%
68.88%
210.31
218.74
179.06
421.37
525.80
0.50%
0.32%
0.39%
0.17%
0.13%
99.50%
99.68%
99.61%
99.83%
99.87%
96.58
97.06
97.69
97.97
99.81
6.52
3.10
1.38
0.76
11.97
5.14
2.33
10.42
G.Liquidity ratios

I.Cash flow ratios

10.82
-21.80
157
Al-Sahara Exchange Company (Pvt.) Ltd.

Items
1.Share capital
2.Reserves
4.Others

(Thousand Rupees)
2010
2011
2007
2008
2009
192,745
195,212
193,335
195,581
200,000
200,000
200,000
200,000
(7,255)
2011
(4,788)
(6,665)
0
(4,419)
2,477
6,069
31,814
41,601
2,477
6,069
31,814
41,601
195,222
201,281
225,149
237,182
139,856
147,208
172,779
181,454
133,669
137,428
151,940
175,204
6,187
9,780
20,839
6,250
55,366
54,073
52,370
55,728
a.Fixed assets
5,162
3,920
2,197
5,180
b.Other assets
50,204
50,153
50,173
50,548
1.Revenue
42,599
39,058
2,594
44,321
39,269
2,410
5,548
(2,421)
3,797
4,152
3,455
(2,639)
2,468
2,699
2,245

b.Other assets
E.Other items
20,000
20,000
20,000
20,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
133,669
4,376
11,478
-1.37%
1.26%
1.40%
1.15%
-1.26%
1.95%
2.15%
1.77%
-1.35%
1.23%
1.20%
0.95%
-18.31
10.34
0.58
1.61
-0.13
0.12
0.13
0.11
68.47%
68.28%
67.48%
73.87%
G.Liquidity ratios
56.46
24.26
5.43
4.36
1.27%
3.02%
14.13%
17.54%
98.73%
96.98%
85.87%
82.46%
9.64
9.76
9.67
9.78
-50.65
1.77
0.00
5.11
0.72
0.00
0.28

I.Cash flow ratios

53.96
158
D. D Exchange Company (Pvt) Ltd.
2011
(Thousand Rupees)
2011
Items
1.Share capital
99,179-
94,580
100,000-
100,000
0-
2.Reserves
(821)
-

4.Others

0
(5,420)
0-
1,691-
574
1,691-
574
0-
100,870-
95,154
99,672-
64,947
99,306-
64,457

b.Other assets
366-
490
1,198-
30,207
a.Fixed assets
464-
4,535
b.Other assets
734-
25,672
0-
1,681

1.Revenue
821-
6,263
(821)
-
(4,582)
(821)
-
(4,599)
E.Other items
10,000-
10,000
2.Cash dividend
0.00%-
0.00%
0.00%-
0.00%
586-
(5,039)
-0.83%-
-4.86%
-0.83%-
-4.84%
-0.81%-
-4.83%
-1.00-
-1.37
-0.08-
-0.46
98.45%
-
67.74%
G.Liquidity ratios
58.94
-
113.15
1.68%
-
0.60%
98.32%
-
99.40%
9.92
-
9.46

I.Cash flow ratios

159
-0.71-
1.10
0.35
-
-8.78
Dollar East Exchange Company (Pvt.) Ltd.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
163,809
163,875
169,434
283,984
297,658
200,000
200,000
200,000
300,000
300,000
(36,191)
(36,125)
(30,566)
(16,016)
0
(2,342)
700
1,700
51,376
71,030
217,859
204,869
18,691
51,376
71,030
216,159
202,182
16,504
1,700
2,687
2,187
215,885
236,605
387,293
488,853
316,349
117,023
145,795
294,820
362,796
176,657
76,158
44,214
26,990
42,822
61,663
b.Other assets
40,865
101,581
267,830
319,974
114,994
98,862
90,810
92,473
126,057
139,692
a.Fixed assets
32,007
26,886
28,715
36,196
50,402
b.Other assets
66,855
63,924
63,758
89,861
89,290
1.Revenue
60,060
82,406
105,399
117,167
143,169
64,626
84,248
104,130
111,744
135,871
(2,952)
478
8,713
11,991
15,105
(3,252)
66
5,558
14,551
13,674
E.Other items
2,000
2,000
2,000
3,000
3,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
11,236
(30,930)
(8,068)
(41,700)
42,723
-1.99%
0.04%
3.28%
5.12%
4.59%
-1.79%
0.29%
5.09%
4.18%
5.04%
-1.51%
0.03%
1.44%
2.98%
4.32%
-21.89
176.25
11.95
9.32
9.00
-1.63
0.03
2.78
4.85
4.56
35.28%
18.69%
6.97%
8.76%
19.49%
G.Liquidity ratios
2.28
2.05
1.36
1.79
10.70
23.80%
30.02%
56.25%
41.91%
5.91%
75.88%
69.26%
43.75%
58.09%
94.09%
81.90
81.94
84.72
94.66
99.22
-3.46
-468.64
-1.45
-2.87
3.12
0.22
-0.44
-0.04
-0.21
2.59

I.Cash flow ratios

160
Fairdeal Exchange Company (Pvt) Ltd.

Items
1.Share capital
2.Reserves
4.Others

(Thousand Rupees)
2010
2011
2007
2008
2009
151,516
192,846
205,248
206,933
196,669
155,393
200,000
200,000
200,000
200,000
5,248
6,933
(3,877)
2011
(7,154)
0
(3,331)
1,944
14,069
12,343
25,515
4,467
1,944
14,069
10,343
23,515
1,467
2,000
2,000
3,000
153,460
206,915
217,591
232,448
201,136
98,326
137,702
143,503
167,485
134,683
92,860
120,512
135,273
156,376
67,965
5,466
17,190
8,230
11,109
66,718
55,134
69,213
74,088
64,963
66,453
a.Fixed assets
13,137
13,543
12,592
13,032
14,457
b.Other assets
41,997
55,670
61,496
51,931
51,996
1.Revenue
14,644
21,590
33,191
27,373
17,258
14,178
17,253
19,658
24,845
24,832
279
(3,263)
13,515
2,526
(10,059)
263
(3,277)
12,402
1,685
(10,264)

b.Other assets
E.Other items
15,539
20,000
20,000
20,000
20,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(53)
(1,920)
19,983
13,602
(85,084)
0.17%
-1.70%
6.04%
0.81%
-5.22%
0.18%
-1.69%
6.52%
1.21%
-5.04%
0.17%
-1.58%
5.70%
0.72%
-5.10%
50.82
-5.29
1.45
9.84
-2.47
0.02
-0.16
0.62
0.08
-0.51
60.51%
58.24%
62.17%
67.27%
33.79%

G.Liquidity ratios
50.58
9.79
13.87
7.12
91.81
1.27%
6.80%
5.67%
10.98%
2.22%
98.73%
93.20%
94.33%
89.02%
97.78%
9.75
9.64
10.26
10.35
9.83

I.Cash flow ratios

-0.20
0.59
1.61
8.07
8.29
-0.03
-0.14
1.93
0.58
-58.00
161
Galaxy Exchange Company (Pvt.) Ltd.

Items
1.Share capital
2.Reserves
4.Others

(Thousand Rupees)
2010
2011
2007
2008
2009
191,862
202,979
209,851
209,279
210,811
200,000
210,000
210,000
210,000
210,000
(149)
(721)
811
(8,138)
2011
(7,021)
868
729
642
837
813
868
729
642
837
813
192,730
203,708
210,493
210,116
211,624
79,068
93,737
92,083
103,153
106,807
64,192
76,157
85,878
100,076
101,810
b.Other assets
14,876
17,580
6,205
3,077
4,997
113,662
109,971
118,410
106,963
104,817
a.Fixed assets
3,662
59,971
57,110
54,363
52,217
b.Other assets
110,000
50,000
61,300
52,600
52,600
1.Revenue
28,765
33,618
44,343
40,501
44,163
32,551
32,500
38,123
40,899
41,809
(3,786)
1,118
6,220
(398)
1,997
(3,929)
1,118
6,220
(572)
1,532
E.Other items
20,000
21,000
21,000
21,000
21,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
362
1,971
6,714
6,058
2,746
-2.05%
0.55%
2.96%
-0.27%
0.73%
-1.97%
0.55%
2.96%
-0.19%
0.95%
-2.04%
0.55%
2.95%
-0.27%
0.72%
-8.60
29.07
6.13
-102.76
20.94
-0.20
0.05
0.30
-0.03
0.07
33.31%
37.39%
40.80%
47.63%
48.11%
G.Liquidity ratios
91.09
128.58
143.43
123.24
131.37
0.45%
0.36%
0.30%
0.40%
0.38%
99.55%
99.64%
99.70%
99.60%
99.62%
9.59
9.67
9.99
9.97
10.04
-0.09
1.76
1.08
-10.59
1.79
0.42
2.70
10.46
7.24
3.38

I.Cash flow ratios

162
H & H Exchange Company (Pvt.) Ltd.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
348,801
279,854
335,913
365,636
386,019
300,000
300,000
300,000
300,000
300,000
45,000
25,000
45,000
65,000
3,801
(20,146)
10,913
20,636
21,019
59,117
51,800
59,200
71,245
17,124
59,117
51,800
57,836
69,931
16,048
1,364
1,314
1,076
407,918
331,654
395,113
436,881
403,143
309,730
199,005
301,105
342,427
309,252
300,968
117,435
280,431
322,275
292,911
8,762
81,570
20,674
20,152
16,341
98,188
132,649
94,008
94,454
93,891

b.Other assets
a.Fixed assets
12,834
11,382
10,598
12,016
12,425
b.Other assets
85,354
121,267
83,410
82,438
81,466

1.Revenue
67,726
89,719
155,128
114,683
101,574
40,828
186,804
49,596
57,370
55,800
17,870
(105,384)
95,083
44,959
33,145
12,270
(68,948)
56,059
29,723
20,382
E.Other items
300
300
300
300
300
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
15,688
(182,589)
164,232
45,787
26,630

3.52%
-24.64%
16.69%
8.13%
5.28%
5.12%
-37.66%
28.19%
12.25%
8.56%
3.01%
-20.79%
14.19%
6.80%
5.06%
2.28
-1.77
0.52
1.28
1.68
40.90
-229.83
186.86
99.08
67.94
73.78%
35.41%
70.97%
73.77%
72.66%

G.Liquidity ratios
5.24
3.84
5.21
4.90
19.27
14.49%
15.62%
14.98%
16.31%
4.25%
85.51%
84.38%
85.02%
83.69%
95.75%
1,162.67
932.85
1,119.71
1,218.79
1,286.73

I.Cash flow ratios

1.28
2.65
2.93
1.54
1.31
0.27
-3.52
2.84
0.65
1.66
163
Habib Currency Exchange (Pvt) Ltd.

Items
1.Share capital
2.Reserves
4.Others

(Thousand Rupees)
2010
2011
2007
2008
2009
200,236
209,247
259,990
493,422
535,043
214,865
214,865
214,865
400,000
400,000
45,125
93,422
135,043
(14,629)
2011
(5,618)
(9)
(274)
9,546
21,588
10,447
10,603
10,728
9,546
21,588
10,200
10,079
9,588
247
524
1,140
209,773
230,561
270,437
504,025
545,771
202,642
221,829
210,745
388,042
425,978
364,116
17,674
91,113
202,769
310,952
184,968
130,716
7,976
77,090
61,862
7,131
8,732
59,692
115,983
119,793
a.Fixed assets
6,650
5,347
4,781
10,369
14,151
b.Other assets
481
3,385
54,911
105,614
105,642

b.Other assets

6,066
35,358
115,692
127,153
131,400
(14,227)
28,912
37,613
52,849
65,781
309
6,322
78,065
74,304
65,618
236
9,012
50,742
48,298
41,621
21,486
21,486
21,486
40,000
40,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8,625
16,196
42,766
(19,391)
59,817
0.12%
4.31%
19.52%
9.79%
7.78%
0.15%
3.03%
30.00%
15.04%
12.24%
0.11%
3.91%
18.76%
9.58%
7.63%
-46.04
4.57
0.48
0.71
1.00
0.01
0.42
2.36
1.21
1.04
8.43%
39.52%
74.98%
61.69%
66.72%
1.Revenue
E.Other items
G.Liquidity ratios
21.23
10.28
20.66
38.50
44.43
4.55%
9.36%
3.86%
2.10%
1.97%
95.45%
90.76%
96.14%
97.90%
98.03%
9.32
9.74
12.10
12.34
13.38
36.55
1.80
0.84
-0.40
1.44
0.90
0.75
4.19
-1.92
6.24

I.Cash flow ratios

164
Habib Qatar International Exchange Pakistan Ltd.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
121,014
245,622
320,288
375,658
380,614
100,000
200,000
200,000
200,000
200,000
21,014
45,622
120,288
175,658
180,614
1,211
5,746
29,063
24,732
34,209
62,222
5,003
26,137
20,177
27,325
59,657
743
2,926
4,555
6,884
2,565
127,971
274,685
345,020
409,867
442,836
95,822
236,204
275,737
328,491
362,069
44,037
146,386
122,657
166,030
201,968
b.Other assets
51,785
89,818
153,080
162,461
160,101
32,149
38,481
69,283
81,376
80,767
a.Fixed assets
6,600
13,073
18,915
31,173
30,037
b.Other assets
25,549
25,408
50,368
50,203
50,730

7,918
54,473
142,553
189,170
173,700
15,198
27,904
58,743
99,654
126,355
7,180
26,569
83,810
89,516
47,087
7,124
24,608
74,666
70,370
24,965
10,000
20,000
20,000
20,000
20,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(1,238)
(3,419,457)
(17,330)
70,204
60,330
5.89%
10.02%
23.31%
18.73%
6.56%
5.84%
10.69%
25.80%
23.40%
12.29%
5.57%
8.96%
21.64%
17.17%
5.64%
2.12
1.05
0.70
1.11
2.68
0.71
1.23
3.73
3.52
1.25
34.41%
53.29%
35.55%
40.51%
45.61%
1.Revenue
E.Other items
G.Liquidity ratios
19.15
9.04
13.67
12.02
6.07
4.49%
10.58%
7.17%
8.35%
14.05%
94.56%
89.42%
92.83%
91.65%
85.95%
12.10
12.28
16.01
18.78
19.03
-0.17
-138.96
-0.23
1.00
2.42
-0.25
-130.83
-0.86
2.57
1.01


I.Cash flow ratios
165
SIBL Exchange Co.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
102,779
105,636
109,217
112,297
117,642
100,000
100,000
100,000
100,000
100,000
2,779
5,636
9,217
12,297
17,642
8,458
4,144
3,193
2,871
3,813
8,458
4,144
3,193
2,871
3,813
111,237
109,780
112,410
115,168
121,455
109,029
108,085
111,175
114,264
120,899
9,492
8,841
1,074
947
936
99,537
99,244
110,101
113,317
119,963
2,208
1,695
1,235
904
556
a.Fixed assets
1,674
1,344
1,066
805
556
b.Other assets
534
351
169
99
1.Revenue
6,315
8,116
9,502
8,842
9,480
3,993
3,647
3,901
4,018
3,561
2,322
4,469
5,601
4,824
5,918
1,474
2,858
3,581
3,080
3,733
10,000
10,000
10,000
10,000
10,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5,194
(2,088)
2,617
2,839
1,517
1.43%
2.71%
3.28%
2.74%
3.17%
2.26%
4.23%
5.13%
4.30%
5.03%
1.33%
2.60%
3.19%
2.67%
3.07%
1.72
0.82
0.70
0.83
0.60
0.15
0.29
0.36
0.31
0.37
8.53%
8.05%
0.96%
0.82%
0.77%

b.Other assets
E.Other items
G.Liquidity ratios
12.89
26.08
34.82
39.80
31.71
7.60%
3.77%
2.84%
2.49%
3.14%
92.40%
96.23%
97.16%
97.51%
96.86%
10.28
10.56
10.92
11.23
11.76
3.52
-0.73
0.73
0.92
0.41
0.61
-0.50
0.82
0.99
0.40


I.Cash flow ratios
166
Money Link Exchange Company (Pvt) Ltd.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
205,721
209,424
218,458
213,883
215,292
200,000
200,000
200,000
200,000
200,000
5,721
9,424
18,458
13,883
15,292
12,274
23,533
96,178
25,959
64,009
10,974
22,233
94,878
25,959
64,009
1,300
1,300
1,300
217,995
232,957
314,636
239,842
279,301
117,718
134,402
216,527
178,781
220,006
106,344
121,344
201,144
154,013
194,100
11,374
13,058
15,383
24,768
25,906
100,277
98,555
98,109
61,061
59,295
a.Fixed assets
48,244
46,466
45,253
8,369
7,802
b.Other assets
52,033
52,089
52,856
52,692
51,493

b.Other assets

16,153
24,851
44,202
33,925
39,974
(19,375)
22,528
37,568
39,245
43,173
(126)
4,709
9,955
(3,781)
803
(207)
3,774
9,137
(4,574)
803
1.Revenue
E.Other items
200
200
200
200
200
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
17,271
83,304
(79,639)
39,497
-0.10%
1.80%
4.18%
-2.14%
0.37%
-0.06%
2.23%
4.53%
-1.77%
0.37%
-0.09%
1.62%
2.90%
-1.91%
0.29%
153.77
4.78
3.77
-10.38
53.76
-1.04
18.87
45.69
-22.87
4.02
48.78%
52.09%
63.93%
G.Liquidity ratios
64.21%
69.49%
10.73
6.05
2.28
6.89
3.44
5.63%
10.10%
30.57%
10.82%
22.92%

94.37%
89.90%
69.43%
89.18%
77.08%
1,028.61
1,047.12
1,092.29
1,069.42
1,076.46
0.00
4.58
9.12
17.41
49.19
0.00
0.78
0.88
-3.07
0.62

I.Cash flow ratios
167
NBP Exchange Company Ltd.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
475,739
362,892
512,490
534,596
555,244
300,000
300,000
300,000
300,000
300,000
175,739
62,892
212,490
234,596
255,244
22,218
342,488
513,525
379,283
301,841
229,327
1,831
62,877
117,123
107,117
109,200
340,657
450,648
262,160
194,724
120,127
818,227
876,417
891,773
836,437
806,789
712,745
775,273
793,626
822,751
794,898
260,357
189,773
190,379
215,117
62,407
b.Other assets
452,388
585,500
603,247
607,634
732,491
105,482
101,144
98,147
13,686
11,891
a.Fixed assets
10,139
9,331
11,278
12,229
10,552
b.Other assets
95,343
91,813
86,869
1,457
1,339
1.Revenue
25,131
100,454
125,569
126,338
126,533
26,837
28,743
32,055
43,057
53,650
35,561
71,712
56,221
50,296
43,703
29,610
46,497
24,320
22,106
20,648
30,000
30,000
30,000
30,000
30,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2,527
16,024
16,024
(27,420)
14,104
6.22%
12.81%
4.75%
4.14%
3.72%
4.36%
8.81%
7.26%
6.90%
6.26%
3.62%
5.31%
2.73%
2.64%
2.56%
0.75
0.40
0.57
0.86
1.23
0.99
1.55
0.81
0.74
0.69
31.82%
21.65%
21.35%
25.72%
7.74%
E.Other items
G.Liquidity ratios
389.27
12.33
6.78
7.68
7.28
41.86%
58.59%
42.53%
36.09%
28.42%
58.14%
41.41%
57.47%
63.91%
68.82%
15.86
12.10
17.08
17.82
18.51
0.09
0.34
0.66
-1.24
0.68
1.38
0.25
0.14
-0.26
0.13

I.Cash flow ratios
168
Noble Exchange International (Pvt) Ltd

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
199,816
199,996
203,284
189,823
180,614
200,000
200,000
200,000
200,000
200,000
(184)
(4)
3,284
(10,177)
(19,386)
1,500
1,500
1,200
1,000
1,200
3,465
1,966
18,046
1,133
1,434
3,465
1,966
18,046
1,133
1,434
204,781
203,462
222,530
191,956
183,248
139,458
138,891
155,110
127,032
118,952
115,964
92,089
122,081
125,297
109,905
23,494
46,802
33,029
1,735
9,047
65,323
64,571
67,420
64,924
64,296
a.Fixed assets
14,179
13,479
12,528
12,487
11,525
b.Other assets
51,144
51,092
54,892
52,437
52,771
1.Revenue
13,162
32,859
20,472
3,329
7,174
12,739
32,679
21,024
21,438
19,544
312
342
5,682
(13,445)
(9,137)
202
178
3,289
(13,461)
(9,209)
20,000
20,000
2,000
2,000
2,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(2,801)
(23,061)
30,665
4,326
(15,496)
0.10%
0.09%
1.62%
-7.09%
-5.10%
0.15%
0.17%
2.78%
-7.05%
-5.03%
0.10%
0.09%
1.48%
-7.01%
-5.03%
40.83
95.55
3.70
-1.59
-2.14
0.01
0.01
1.64
-6.73
-4.60
56.63%
45.26%
54.86%
65.27%
59.98%

b.Other assets
E.Other items

G.Liquidity ratios
40.25
70.65
8.60
112.12
82.95
1.69%
0.97%
8.11%
0.59%
0.78%
97.58%
98.30%
91.35%
98.89%
98.56%
9.99
10.00
101.64
94.91
90.31
-13.87
-129.56
9.32
-0.32
1.68
-0.81
-11.73
1.70
3.82
-10.81

I.Cash flow ratios

169
P B S Exchange Company (Pvt.) Ltd.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
144,383
144,817
146,379
148,337
205,743
200,000
200,000
200,000
200,000
250,000
(55,617)
(55,183)
(53,621)
(51,663)
(44,257)
28,483
45,183
737
41,556
1,668
89,961
36,957
737
573
1,668
6,635
3,630
40,983
83,326
33,327
173,603
186,373
193,230
238,298
242,700
74,893
62,845
68,134
113,546
115,773
73,114
60,358
65,207
110,603
111,444
1,779
2,487
2,927
2,943
4,329
98,710
123,528
125,096
124,752
126,927
a.Fixed assets
65,469
66,128
69,148
68,028
67,279
b.Other assets
33,241
57,400
55,948
56,724
59,648
1.Revenue
10,672
39,394
45,667
58,399
75,339
40,026
41,413
49,410
61,190
72,452
(28,370)
644
2,403
3,012
8,214
(55,616)
434
1,562
1,958
7,406

b.Other assets
E.Other items
2,000
2,000
2,000
2,000
2,500
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-38.52%
0.30%
1.07%
1.32%
3.60%
-16.41%
0.35%
1.25%
1.30%
3.44%
-32.04%
0.23%
0.81%
0.82%
3.05%
-1.41
64.31
20.56
20.32
8.82
-27.81
0.22
0.78
0.98
2.96
32.39%
33.75%
46.41%
45.92%

G.Liquidity ratios
42.12%
101.62
109.68
40.85
17.11
31.89
0.42%
22.30%
0.86%
37.75%
15.23%
83.17%
77.70%
75.75%
62.25%
84.77%
72.19
72.41
73.19
74.17
82.30
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

I.Cash flow ratios
170
Pakistan Currency Exchange Co. (Pvt) (Pakistan) Ltd.

Items
1.Share capital
2.Reserves
4.Others

(Thousand Rupees)
2010
2011
2007
2008
2009
198,867
204,406
208,093
320,971
413,441
200,000
200,000
200,000
300,000
400,000
4,406
8,093
20,971
13,441
(1,133)
2011
140,380
18,540
400,075
312,275
273,121
134,730
9,904
382,915
286,579
237,727
5,650
8,636
17,160
25,696
35,394
339,247
222,946
608,168
633,246
686,562
272,069
152,503
523,598
544,550
556,912
123,079
90,404
267,979
435,977
459,776
b.Other assets
148,990
62,099
255,619
108,573
97,136
67,178
70,443
84,570
88,696
129,650
a.Fixed assets
16,981
17,770
32,491
36,037
46,550
b.Other assets
50,197
52,673
52,079
52,659
83,100
1.Revenue
109,801
221,403
353,552
416,252
430,936
112,362
209,767
310,405
400,090
436,796
(753)
8,313
9,972
19,364
1,413
(3,240)
5,539
3,687
12,877
(7,529)

E.Other items
2,000
2,000
2,000
2,000
4,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(127,739)
(6,268)
19,425
167,546
75,877
-1.63%
2.71%
1.77%
4.01%
-1.82%
-0.37%
3.90%
4.43%
5.59%
0.31%
-0.96%
2.48%
0.61%
2.03%
-1.10%
-149.22
25.23
31.13
20.66
309.13
-1.62
2.77
1.84
6.44
-1.88
36.28%
40.55%
44.06%
68.85%
66.97%
G.Liquidity ratios
2.02
15.40
1.37
1.90
2.34
41.38%
8.32%
65.78%
49.31%
39.78%
58.62%
91.68%
34.22%
50.69%
60.22%
99.43
102.20
104.05
160.49
103.36
39.43
-1.13
5.27
13.01
-10.08
-0.95
-0.63
0.05
0.58
0.32


I.Cash flow ratios
171
Paracha International Exchange

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
162,333
189,819
187,019
197,298
197,992
200,000
200,000
200,000
200,000
200,000
(37,667)
(10,181)
(12,981)
(2,702)
0
(2,008)
4,461
11,423
75,119
53,026
91,616
4,461
11,423
75,119
53,026
91,616
166,794
201,242
262,138
250,324
289,608
85,641
114,215
182,878
125,537
168,452
25,739
35,749
106,747
103,117
130,464
b.Other assets
59,902
78,466
76,131
22,420
37,988
81,153
87,027
79,260
124,787
121,156
a.Fixed assets
3,963
80,936
75,786
68,043
61,435
b.Other assets
77,190
6,091
3,474
56,744
59,721

6,597
33,784
35,797
36,391
25,441
(6,470)
(11,128)
36,097
27,097
17,604
3,817
22,656
(299)
9,294
3,815
27,486
(2,800)
10,279
694
20,000
20,000
20,000
20,000
20,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3,849
12,327
74,696
(2,737)
28,692
2.35%
14.48%
-1.50%
5.21%
0.35%
2.35%
11.94%
-0.16%
4.71%
-1.19%
2.29%
13.66%
-1.07%
4.11%
0.24%
-1.70
-0.49
-120.73
2.92
-7.48
0.19
1.37
-0.14
0.51
0.03
15.43%
17.76%
40.72%
41.19%
45.05%
1.Revenue
(2,352)
E.Other items

G.Liquidity ratios
19.20
10.00
2.43
2.37
1.84
2.67%
5.68%
28.66%
21.18%
31.63%
97.33%
94.32%
71.34%
78.82%
68.37%
8.12
9.49
9.35
9.86
9.90
1.01
0.45
-26.68
-0.27
41.34
0.86
1.08
0.99
-0.05
0.31


I.Cash flow ratios
172
Paragon Exchange Company (Pvt) Ltd.
2011
(Thousand Rupees)
2011
Items
92,707
100,000
1.Share capital
2.Reserves
(7,293)
4.Others
1,111
1,111
93,818
55,929
54,897
1,032
b.Other assets
37,889
a.Fixed assets
8,630
b.Other assets
29,259

47,333
1.Revenue
11,237
(11,190)
(7,293)
E.Other items
1,000

2.Cash dividend
0.00%
0.00%
(10,821)

-7.87%
-12.07%
-7.77%

-1.00
-7.29
G.Liquidity ratios
58.51%
50.34
1.18%

98.82%
92.71
I.Cash flow ratios

1.48
-9.74
173
Ravi Exchange Company Ltd

Items
1.Share capital
2.Reserves
4.Others

(Thousand Rupees)
2010
2011
2007
2008
2009
96,221
200,059
205,138
224,521
435,700
100,000
200,000
200,000
200,000
400,000
59
5,138
24,521
35,700
(3,779)
2011
4,653
4,756
39,284
227,518
34,199
4,653
4,756
36,913
215,543
21,540
2,371
11,975
12,659
100,874
204,815
244,422
452,039
469,899
93,945
94,900
120,444
321,517
273,496
52,192
55,329
109,950
251,747
216,850
b.Other assets
41,753
39,571
10,494
69,770
56,646
6,929
109,915
123,978
130,522
196,403
a.Fixed assets
5,617
66,313
70,035
72,472
79,925
b.Other assets
1,312
43,602
53,943
58,050
116,478
1.Revenue
10,812
20,932
53,807
116,287
120,631
13,384
24,102
49,901
96,420
109,310
175
1,313
7,678
30,968
14,549
911
5,079
19,383
11,179
(2,283)
E.Other items
1,000
2,000
2,000
2,000
4,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
491
(22,255)
71,664
(50,289)
29,703
-2.37%
0.46%
2.48%
8.63%
2.57%

0.18%
0.66%
3.70%
13.09%
3.24%
-2.26%
0.44%
2.08%
4.29%
2.38%
76.48
18.36
6.50
3.11
7.51
-2.28
0.46
2.54
9.69
2.79
51.74%
27.01%
44.98%
55.69%
46.15%

G.Liquidity ratios
20.19
19.95
3.26
1.49
12.70
4.61%
2.32%
16.07%
50.33%
7.28%
95.39%
97.68%
83.93%
49.67%
92.72%
96.22
100.03
102.57
112.26
108.93
-0.22
-24.43
14.11
-2.59
2.66
0.11
-4.68
1.94
-0.23
1.38

I.Cash flow ratios

174
Riaz Exchange Co. (Pvt) Ltd.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
202,979
210,320
209,160
202,031
208,955
200,000
200,000
200,000
200,000
200,000
2,979
10,320
9,160
2,031
8,955
2,899
2,196
1,445
676
582
2,619
1,326
1,130
416
464
280
870
315
260
118
205,878
212,516
210,605
202,707
209,537
151,208
154,051
157,178
147,312
155,287
135,884
139,625
150,026
142,343
151,779
15,324
14,426
7,152
4,969
3,508
54,670
58,465
53,427
55,395
54,250

b.Other assets
a.Fixed assets
4,001
4,294
3,160
3,679
3,947
b.Other assets
50,669
54,171
50,267
51,716
50,303
18,056
28,849
40,808
22,948
16,148
9,707
11,630
11,407
11,833
11,378
10,226
19,236
29,003
13,643
10,795
6,630
12,341
18,841
8,870
6,924
20,000
20,000
20,000
20,000
20,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
590
(402)
22,483
4,979
4,005
3.27%
5.87%
9.01%
4.39%
3.31%
5.03%
9.11%
13.85%
6.74%
5.16%
3.22%
5.81%
8.95%
4.38%
3.30%
0.95
0.60
0.39
0.87
1.05
0.33
0.62
0.94
0.44
0.35
66.00%
65.70%
71.24%
70.22%
72.44%

1.Revenue
E.Other items
G.Liquidity ratios
57.74
116.18
139.10
354.12
334.67
1.41%
1.03%
0.69%
0.33%
0.28%
98.59%
98.97%
99.31%
99.67%
99.72%
10.15
10.52
10.46
10.10
10.45
0.09
-0.03
1.19
0.56
0.58
0.23
-0.30
19.90
11.97
8.63


I.Cash flow ratios
175
Royal International Exchange Company (Pvt) Ltd.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
104,038
181,454
169,087
264,895
269,262
104,000
200,000
200,000
300,000
300,000
38
(18,546)
(30,913)
(35,105)
(30,738)
681
844
2,350
10,974
11,923
681
844
2,350
10,405
5,715
569
6,208
104,719
182,298
171,437
275,869
281,185
75,993
128,595
111,676
219,829
198,803
74,364
118,644
102,184
206,189
181,946
1,629
9,951
9,492
13,640
16,857
28,726
53,703
59,761
56,040
82,382

b.Other assets
a.Fixed assets
2,725
3,620
4,261
6,040
6,928
b.Other assets
26,001
50,083
55,500
50,000
75,454
1.Revenue
19,674
22,059
50,660
69,855
73,425
17,058
20,439
48,044
64,219
25,107
1,020
(18,134)
(17,423)
5,636
6,845
664
(18,584)
(12,368)
1,394
4,367

E.Other items
1,040
2,000
2,000
3,000
3,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(6)
(237)
(14,868)
1,224
2,702
0.64%
-10.24%
-7.31%
0.53%
1.62%
0.98%
-9.99%
-10.30%
2.12%
2.48%
0.63%
-10.19%
-7.21%
0.51%
1.55%
16.72
-1.13
-2.76
11.39
3.67
0.64
-9.29
-6.18
0.46
1.46
71.01%
65.08%
59.60%
74.74%
64.71%
111.59
152.36
47.52
21.13
34.79
0.65%
0.46%
1.37%
3.98%
4.24%
99.35%
99.54%
98.63%
96.02%
95.76%
100.04
90.73
84.54
88.30
89.75

G.Liquidity ratios
I.Cash flow ratios

-0.01
0.01
1.20
0.88
0.62
-0.01
-0.28
-6.33
0.12
0.47
176
Sky Exchange Company (Pvt) Ltd.
2011
(Thousand Rupees)
2011
Items
1.Share capital
2.Reserves
4.Others

28,354-
119,898
26,500-
120,133
0-
1,854-
(235)
0-
537-
150
537-
150
0-
28,891-
120,048
25,011-
84,498
24,735-
83,258

b.Other assets
276-
1,240
3,880-
35,550
a.Fixed assets
909-
2,357
b.Other assets
2,971-
33,193

1.Revenue
7,548-
8,883
6,379-
10,929
1,169-
(2,047)
758-
(2,091)
E.Other items
265-
1,201
2.Cash dividend
0.00%-
0.00%
0.00%-
0.00%
1,200-
(2,821)
2.67%
-
-1.74%
4.12%
-
-1.71%
2.62%
-
-1.74%
5.46
-
-5.34
2.86
-
-1.74
85.61%
-
69.35%
G.Liquidity ratios
46.58
-
563.32
1.86%
-
0.12%
98.14%
-
99.88%
107.00
-
99.80

I.Cash flow ratios

1.58
-
1.35
2.23
-
-18.81
177
Wall Street Exchange Company (Pvt.) Ltd.

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
207,196
214,479
229,180
250,494
272,443
200,000
200,000
200,000
200,000
200,000
7,196
14,479
29,180
50,494
72,443
105,267
129,048
222,581
243,979
295,326
105,267
129,048
222,581
243,979
295,326
312,463
343,527
451,761
494,473
567,769
240,405
252,630
354,374
397,694
470,090
194,453
134,390
298,696
357,866
423,515
45,952
118,240
55,678
39,828
46,575
72,058
90,897
97,387
96,779
97,679
a.Fixed assets
18,360
35,333
41,178
40,308
39,634
b.Other assets
53,698
55,564
56,209
56,471
58,045

b.Other assets

82,898
122,726
219,960
268,573
285,148
(67,487)
107,580
189,814
231,973
247,587
10,003
11,391
23,620
32,791
37,614
7,167
7,283
14,701
21,314
21,949
20,000
20,000
20,000
20,000
20,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
82,538
(32,437)
182,188
66,889
75,947
3.46%
3.40%
6.41%
8.51%
8.06%
4.83%
5.31%
10.31%
13.09%
13.81%
2.29%
2.12%
3.25%
4.31%
3.87%
-6.75
9.44
8.04
7.07
6.58
0.36
0.36
0.74
1.07
1.10
62.23%
39.12%
66.12%
72.37%
74.59%
1.Revenue
E.Other items

G.Liquidity ratios
2.28
1.96
1.59
1.63
1.59
33.69%
37.57%
49.27%
49.34%
52.02%
66.31%
62.43%
50.73%
50.66%
47.98%
10.36
10.72
11.46
12.52
13.62
11.52
-4.45
12.39
3.14
3.46
0.78
-0.25
0.82
0.27
0.26

I.Cash flow ratios

178
2011
INSURANCE COMPANIES
CY11 turned out to be positive for insurance sector in Pakistan. The aggregate insurance business
grew sharply during CY11. Its balance sheet size expanded by 12.6 percent and reached Rs 501.8
billion in CY11. Profit before and after taxation increased considerably during CY11.
ANALYSIS OF EQUITY
Total equity of insurance sector increased
from Rs. Rs 86.6 billion in CY10 to Rs. 88.8
Components of Equity
billion in CY11, recording an increase of around
12%
Billion Rs
40
2.6 percent. The share capital (SC) also increased

by 7.1 percent in CY11 over CY10. Contribution
7.1%
20
0%
-2.4%
10
0
of share capital in equity was 30.7 percent in

CY11. Total reserves of insurance companies
comprising reserves and un-appropriated profit
6%
5.8%
30
Share Capital
(SC)
Reserves (RS)
Un
Appropriated
Profit (RE)
CY10
25.5
38.3
22.8
CY11
27.3
37.4
24.2
Growth
7.1%
-2.4%
5.8%
Growth
50
-6%
touched Rs 61.6 billion in CY11 as compared to

Rs. 61.2 billion last year.
ANALYSIS OF ASSETS
Total assets (TA) at Rs. 501.8 billion in CY11,
Components of Assets
The dominating part in assets was investment in
500
securities and properties (IS) of Rs. 128.2 billion
400
in CY11. IS contributed 25.5 percent of TA in
CY10
CY11
Growth
18%
16%
15.0%
14%
12.6%
11.9%
8%
200
CY11 increased by 11.9 percent in CY11 over
6%
4%
100
the preceding year. Cash and Balances with
2%
0%
C&B
banks (C & B) reflected an increase of 15.0
12%
10%
300
Growth
600
Billion Rs
showing an increase of 12.6 percent over CY10.
IS
TA
percent over the last year. Total assets of non-Life sector decreased from Rs. 151.3 billion in CY10 to
Rs 151.1 billion in CY11, recording a contraction of 0.1 percent. Total assets of Life Insurance Sector
grew by 19.0 percent over CY10. In absolute terms, it increased from Rs 290.9 billion in CY10 to Rs.
346.1 billion in CY11.
179
2011
Total liabilities (TL) of insurance sector at Rs
CY10
CY11
Growth
450
357.0 billion in CY10 increased by 15.3 percent
25%
Billion Rs.
statutory funds (BSF) have been Rs 262.8 billion

in CY10 and Rs 313.6 billion in CY11, showing
20% 20%
19.4%
350
in CY11 to Rs 411.4 billion. Balances of
15.3%
250
15%
10%
150
an increase of 19.4 percent. The composition of
50
BSF to TL was 73.6 percent and 76.2 percent in
-50
5%
0%
0%
TL
BSF
OC
MISC
-5%
CY10 and CY11 respectively. Out of total

liabilities, around 82.6 percent pertains to life insurance business. Other claims (OC), Miscellaneous
(MISC.)

Premium Income Positions
The main source of revenue of insurance sector is

premium. The gross premium for year CY10 was
to reach Rs. 126.2 billion in CY11. Net premium
increased from Rs. 80.6 billion percent in CY10
Billion Rs.
Rs 105.2 billion which increased by 20.0 percent
150
126.2
98.0
80.6
100
Net Premium
50
to Rs. 98.0 billion in CY11 showing an increase
of 21.5 percent.
CY10
Investment income which was Rs. 32.8 billion in

45
and after tax increased to Rs. 10.8 billion and Rs.
CY11
Growth
70%
64.1%
60%
35
50%
Billion Rs.
30
25
40%
20
30%
15
10
7.2 billion respectively in CY11.
CY10
40
billion in CY11. Under-writing profit which was

percent to reach Rs. 26.8 billion. Profit before
CY11
Non core income of insurance companies
CY10 increased by 18.4 percent to reach Rs 38.8

Rs. 16.3 billion in CY10 increased by 64.1
Gross Premium
105.2
20%
18.4%
10%
5
0
0%
Investment Income
180
Underwriting Profit
2011
Return on equity (ROE) which was 6.77 percent

in
CY10
increased
to
8.06
percent
CY10
in
10%
CY11
8.06%
6.77%
CY11.Similarly, return on assets (ROA) which

5%
was 1.32 percent in CY10 increased to 1.43
1.32% 1.43%
percent in CY11.
0%
ROE
Earnings per share (EPS) at Rs. 2.33 in CY10,
40
reached Rs. 2.65 per share in CY11. Breakup
35
34.42 per share in CY10 to Rs. 32.87 per share in

CY11.
Rs. per Share
value per share (BPS) is decreased from Rs.
30
ROA
Valuation per Share

34.42
CY10
32.87
CY11
25
20
15
10
5
2.65
2.33
0
EPS
181
BPS
Insurance Companies - Overall

Items
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 & employs
3.Investments in securities & properties
5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
67,502,889
11,649,281
14,970,812
40,882,796
391,391
232,750,781
174,570,642
47,748,921
10,431,218
300,645,061
24,015,788
11,925,982
222,852,848
38,061,663
3,788,780
79,294,355
21,001,523
44,317,746
13,975,086
316,877
263,404,552
193,936,317
52,695,558
16,772,677
343,015,784
41,361,289
13,844,094
235,570,708
47,301,536
4,938,157
84,319,908
22,291,755
37,757,097
24,271,056
819,131
300,169,598
223,525,201
47,774,239
28,870,158
385,308,637
34,183,294
16,678,112
275,622,467
52,405,483
6,419,281
86,625,430
25,452,564
38,331,444
22,841,422
1,953,222
356,996,176
262,761,211
74,548,172
19,686,793
445,574,828
43,985,108
572,369
114,542,954
279,510,586
6,963,811
88,849,276
27,271,324
37,413,475
24,164,477
1,486,085
411,448,452
313,612,990
74,187,133
23,648,329
501,783,813
50,583,912
688,210
128,173,834
315,270,247
7,067,610
58,362,392
61,274,668
47,738,030
34,750,950
27,675,822
10,108,015
39,808,398
38,969,919
14,174,965
76,150,980
60,955,357
42,809,380
34,725,276
27,183,638
(1,876,153)
(3,422,146)
36,385,553
87,428,602
66,891,124
44,853,530
35,270,353
29,215,507
7,970,541
6,575,665
32,810,542
105,179,540
80,645,113
56,866,547
38,203,611
16,328,161
8,853,469
5,862,322
38,833,441
126,199,310
98,003,441
54,128,154
42,292,244
26,795,471
10,787,920
7,161,327
1,763,470
2,669,063

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
6.Underwriting profit
E.Other items
2.Cash dividend
2,897,533
2,516,580
2,703,460
N/A
N/A
4,027,860
N/A
N/A
830,219
N/A
N/A
2,328,621
N/A
N/A
10,571,042
N/A
N/A
19,340,981
57.73%
12.96%
22.10
137.40%
25.94%
122.26%
-4.32%
-1.00%
-1.28
123.09%
-794.34%
23.25%
7.80%
1.71%
2.27
106.51%
444.30%
54.40%
6.77%
1.32%
2.33
131.09%
278.53%
40.69%
8.06%
1.43%
2.65
137.06%
374.17%
39.62%
0.08
74.12%
0.12
68.68%
0.09
71.53%
0.10
25.71%
0.10
25.54%
22.45%
38.28
23.12%
29.71
21.88%
29.10
19.44%
34.42
17.71%
32.87
35.41%
180.32%
270.08%

3.Earning per share (D8/E1) (rs. per share)
4.Claims incurred to net premium (B2/D4)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)

2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio

10.34%
1.Cash generated from operating activities to profit after tax. (E4/D8) (time)
182
-24.26%
Life Insurance Corporations - Overall

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
3,591,548
2,879,120
(126,017)
838,445
0
188,153,972
174,542,524
9,887,550
3,723,898
191,745,520
15,226,491
11,522,580
156,872,639
7,609,287
514,523
3,845,833
3,550,720
454,004
(158,891)
127,208
210,435,786
193,737,166
11,796,266
4,902,354
214,408,827
23,248,989
13,715,744
167,762,427
8,872,574
809,093
4,552,704
3,632,080
10,474
910,150
127,208
243,297,422
223,481,460
11,277,889
8,538,073
247,977,334
18,748,616
16,542,211
200,982,882
10,410,990
1,292,635
5,859,968
4,612,239
189,435
1,058,294
0
285,052,165
262,079,551
20,403,335
2,569,279
290,912,133
27,764,487
411,115
36,942,032
224,883,840
910,659
6,242,151
4,612,239
70,723
1,559,189
0
339,861,092
311,994,432
17,263,420
10,603,240
346,103,243
34,318,104
532,584
48,075,725
262,134,491
1,042,339
20,418,637
24,870,987
26,817,670
10,717,469
13,000,049
9,192,113
2,056,431
1,678,708
18,922,502
33,644,399
33,475,344
19,133,182
18,330,205
22,835,966
211,025
(132,100)
21,371,584
40,568,637
39,775,876
21,669,000
20,921,771
24,929,952
1,187,872
1,227,145
26,491,668
52,584,841
51,369,955
22,330,799
21,335,138
12,950,017
1,597,080
1,078,477
31,593,587
67,745,199
66,253,831
25,579,370
24,513,450
21,775,752
2,471,047
1,619,539
206,912
280,122
304,208
362,224
362,224
N/A
N/A
3,463,829
N/A
N/A
2,494,830
N/A
N/A
2,433,056
N/A
N/A
9,951,353
N/A
N/A
17,850,889
46.74%
0.88%
8.11
92.26%
547.57%
76.14%
-3.43%
-0.06%
-0.47
61.65%
-17,286.88%
56.53%
26.95%
0.49%
4.03
52.05%
2,031.54%
53.73%
18.40%
0.37%
2.98
91.37%
1,200.77%
51.57%
25.95%
0.47%
4.47
67.49%
1,344.56%
47.69%
0.08
81.81%
0.11
78.24%
0.08
81.05%
0.10
12.70%
0.10
13.89%
1.87%
17.36
1.79%
13.73
1.84%
14.97
2.01%
16.18
1.80%
17.23
206.34%
-1,888.59%
198.27%
922.72%
1,102.22%

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

183
Adamjee Life Assurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
338,763
534,663
(212,258)
16,358
0
238,428
99,479
28,944
110,005
577,191
37,748
0
401,778
113,124
24,541
172,775
534,663
(396,718)
34,830
0
710,816
509,586
88,699
112,531
883,591
127,414
0
609,667
113,631
32,879
29,349
267,137
215,489
55,740
16,178
111,303
17,933
12,620
32,061
912,667
791,950
105,334
29,720
444,354
21,777
18,472
53,466
0.00%
0.00%
(55,090)
53,466
0.00%
0.00%
278,214
3.73%
2.19%
0.24
51.93%
881.96%
13.62%
10.69%
2.09%
0.35
84.21%
2,405.55%
4.05%
0.07
69.61%
0.14
69.00%
58.69%
6.34
19.55%
3.23
-436.53%
1,506.14%

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

184
American Life Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
329,542
500,000
(170,458)
0
0
1,926,152
1,595,024
254,393
76,735
2,255,694
209,205
41,553
1,761,958
168,421
74,557
379,763
500,000
(120,237)
0
0
2,369,735
1,961,522
312,609
95,604
2,749,498
164,756
53,623
1,801,339
657,500
72,280
581,065
500,000
81,065
0
0
2,771,591
2,318,142
325,000
128,449
3,352,656
106,526
68,306
2,856,069
255,923
65,832
669,193
500,000
169,193
0
0
3,669,489
3,238,863
296,435
134,191
4,338,682
64,025
83,051
3,795,700
337,353
58,553
734,941
500,000
234,941
0
0
5,935,512
5,290,441
459,875
185,196
6,670,453
125,057
90,096
5,833,574
561,509
60,217
143,087
888,204
802,053
277,729
261,600
661,987
46,900
32,078
208,723
1,155,000
1,048,496
362,000
332,228
415,508
78,059
50,221
248,389
1,349,482
1,267,953
396,613
363,070
554,620
96,141
62,492
326,117
1,893,849
1,806,525
524,643
442,406
0
133,403
86,712
644,910
2,993,466
2,905,583
758,431
629,515
0
183,560
116,248
50,000
0.00%
53.80%
222,191
50,000
0.00%
0.00%
(228,857)
50,000
0.00%
0.00%
762,793
50,000
0.00%
0.00%
590,201
50,000
0.00%
0.00%
1,596,738
9.73%
1.42%
0.64
91.60%
2,063.68%
17.84%
13.22%
1.83%
1.00
86.36%
827.36%
19.91%
10.75%
1.86%
1.25
81.94%
887.51%
19.59%
12.96%
2.00%
1.73
56.50%
0.00%
18.05%
15.82%
1.74%
2.32
60.64%
0.00%
22.20%
0.09
78.11%
0.06
65.52%
0.03
85.19%
0.01
87.49%
0.02
87.45%
14.61%
6.59
13.81%
7.60
17.33%
11.62
15.42%
13.38
11.02%
14.70
692.66%
-455.70%
1,220.63%
680.65%
1,373.56%

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

185
Asia Care Health & Life Insurance Co., Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
183,570
160,000
2,500
21,070
127,208
67,135
0
8,639
58,496
377,913
128,417
0
6,356
80,338
162,802
228,456
200,000
2,500
25,956
127,208
63,854
0
6,301
57,553
419,518
148,998
0
22,456
79,301
168,763
469,028
500,000
0
(30,972)
0
133,992
95,977
26,420
11,595
603,020
93,453
0
431,446
71,458
6,663
427,049
500,000
0
(72,951)
0
179,012
118,132
45,936
14,944
606,061
93,478
0
414,724
93,751
4,108
9,570
0
29,768
0
10,952
0
7,355
4,886
19,549
0
32,203
0
14,737
0
9,448
5,518
72,014
154,948
153,560
153,158
153,158
0
61,317
59,086
34,168
212,620
211,232
178,482
178,482
0
23,322
20,221
50
0.00%
33.00%
(21)
20,000
0.00%
0.00%
(26)
50,000
0.00%
0.00%
(89,324)
50,000
0.00%
0.00%
(60,080)
2.66%
1.29%
97.72
2.42%
1.32%
0.28
0.00%
32.15%
0.00%
60.71%
12.60%
9.80%
1.18
17.25%
0.00%
46.90%
4.74%
3.34%
0.40
25.74%
0.00%
16.18%
0.34
1.68%
0.36
5.35%
0.15
71.55%
0.15
68.43%
48.57%
3,671.40
54.46%
11.42
77.78%
9.38
70.46%
8.54
-0.43%
-0.47%
-151.18%
-297.12%

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

186
East West Life Assurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
372,333
352,000
20,333
0
0
128,963
111,940
12,662
4,361
501,296
240,151
17,966
198,875
17,918
26,386
415,341
413,600
1,741
0
0
147,823
119,822
15,503
12,498
563,164
95,896
10,933
376,890
32,834
46,611
149,369
454,960
(305,591)
0
0
198,947
162,256
19,395
17,296
348,316
59,770
9,464
197,560
31,257
50,265
146,958
500,456
0
(353,498)
0
256,916
213,986
28,022
14,908
403,874
136,182
8,553
194,146
22,422
42,571
124,125
500,456
0
(376,331)
0
294,178
238,382
38,870
16,926
418,303
154,862
8,825
186,588
31,089
36,939
93,639
166,055
90,299
133,102
67,193
5,715
84,266
83,362
60,927
194,538
107,753
157,013
78,078
(20,218)
44,326
44,708
(197,021)
235,769
154,489
165,143
94,895
(20,218)
(222,596)
(1,236)
25,713
250,054
183,761
162,347
152,937
66,115
5,246
3,194
11,837
246,773
178,687
180,387
124,525
50,412
(6,364)
(8,583)
35,200
10.00%
0.00%
51,868
41,360
0.00%
0.00%
(50,872)
45,496
0.00%
0.00%
(50,870)
50,046
0.00%
0.00%
(11,010)
50,046
0.00%
0.00%
(22,063)
22.39%
16.63%
2.37
9.51%
6.86%
103.70%
10.76%
7.94%
1.08
9.87%
-45.22%
56.54%
-0.83%
-0.35%
-0.03
11.74%
1,635.76%
-127.53%
2.17%
0.79%
0.06
17.26%
2,069.97%
13.99%
-6.91%
-2.05%
-0.17
21.55%
-587.35%
6.62%
0.48
39.67%
0.17
66.92%
0.17
56.72%
0.34
48.07%
0.37
44.61%
74.27%
10.58
73.75%
10.04
42.88%
3.28
36.39%
2.94
29.67%
2.48
62.22%
-113.79%
4,115.70%
-344.71%
257.05%

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

187
EFU Life Assurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,277,925
500,000
170,000
607,925
0
12,037,325
11,130,268
689,938
217,119
13,315,250
949,466
13,151
11,757,140
333,318
262,175
1,254,381
750,000
570,000
(65,619)
0
10,703,367
9,567,235
760,127
376,005
11,957,748
1,425,424
45,098
9,684,973
493,908
308,345
1,628,540
750,000
232,500
646,040
0
16,218,941
14,767,466
880,656
570,819
17,847,481
1,365,803
59,015
15,053,389
1,019,066
350,208
1,579,275
850,000
232,500
496,775
0
20,583,460
18,865,481
1,214,459
503,520
22,162,735
826,325
55,583
19,711,968
1,147,984
420,875
1,732,640
850,000
232,500
650,140
0
26,297,424
24,414,209
1,140,899
742,316
28,030,064
1,141,457
56,490
25,133,535
1,248,172
450,410
3,027,910
4,817,874
4,431,546
1,146,866
887,393
4,784,264
1,434,745
1,207,292
56,681
9,597,777
6,136,944
7,418,139
4,369,507
371,433
(314,959)
(473,159)
58,853
9,597,777
5,570,211
7,418,139
3,911,444
66,535
647,721
711,659
1,657,014
8,375,515
7,920,022
2,171,470
1,837,151
4,246,398
551,035
363,235
29,792
10,129,599
9,597,263
2,724,390
2,360,779
5,406,307
880,815
578,365
50,000
30.00%
50.00%
1,707,444
115,000
32.50%
0.00%
(507,154)
115,000
32.50%
0.00%
204,961
85,000
50.00%
0.00%
3,217,244
85,000
50.00%
0.00%
3,938,800
94.47%
9.07%
24.15
60.16%
396.28%
68.33%
-37.72%
-3.96%
-4.11
10.25%
-78.50%
0.92%
43.70%
3.99%
6.19
11.87%
9.35%
1.06%
23.00%
1.64%
4.27
55.93%
1,169.05%
20.92%
33.38%
2.06%
6.80
41.88%
934.76%
0.31%
0.07
88.30%
0.12
80.99%
0.08
84.34%
0.04
88.94%
0.04
89.67%
9.60%
25.56
10.49%
10.91
9.12%
14.16
7.13%
18.58
6.18%
20.38
141.43%
107.18%
28.80%
885.72%
681.02%

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

188
Jubilee Life Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2007
2008
2009
481,228
627,120
(145,892)
0
0
5,370,587
4,967,990
307,051
95,546
5,851,815
2,109,065
3,718
3,481,067
175,936
82,029
416,562
627,120
546,505
627,120
(210,558)
0
5,226,315
4,629,457
476,459
120,399
5,642,877
3,257,997
4,266
2,031,512
254,523
94,579
50,439
2,978,851
2,777,076
1,168,089
1,001,012
1,754,710
150,028
125,456
62,712
5.00%
0.00%
1,091,360
2011
(Thousand Rupees)
2010
2011
(80,615)
0
7,777,475
6,788,311
751,169
237,995
8,323,980
2,123,027
3,876
5,579,564
118,115
499,398
1,149,873
627,120
0
522,753
0
10,198,709
9,144,236
682,944
371,529
11,348,582
1,084,664
4,560
9,673,115
439,204
147,039
1,430,398
627,120
0
803,278
0
14,357,210
12,844,091
787,561
725,558
15,787,608
2,250,153
8,981
12,980,198
340,689
207,587
(110,311)
3,435,119
3,457,103
1,756,884
760,675
1,112,379
(49,972)
(54,972)
78,014
4,363,155
4,384,114
1,710,439
814,037
1,878,176
160,744
129,943
40,999
5,802,439
5,451,804
2,049,922
1,661,786
2,647,219
217,268
146,752
74,841
8,215,262
7,756,624
2,139,574
1,770,426
4,363,882
582,356
374,593
62,712
0.00%
0.00%
591,271
62,712
0.00%
0.00%
1,150,556
62,712
15.00%
0.00%
1,829,289
62,712
30.00%
0.00%
3,304,453

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend

26.07%
2.14%
2.00
26.29%
1,398.67%
1.82%
-13.20%
-0.97%
-0.88
27.12%
-2,023.54%
-3.19%
23.78%
1.56%
2.07
43.92%
1,445.38%
1.78%
12.76%
1.29%
2.34
33.32%
1,803.87%
0.75%
26.19%
2.37%
5.97
36.81%
1,164.97%
0.96%
0.36
59.49%
0.58
36.00%
0.26
67.03%
0.10
85.24%
0.14
82.22%
8.22%
7.67
7.38%
6.64
6.57%
8.71
10.13%
18.34
9.06%
22.81
869.91%
-1,075.59%
885.43%
1,246.52%
882.14%
G.Liquidity ratios

I.Cash flow ratio

189
State Life Insurance Corporation Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,130,520
900,000
0
230,520
0
168,690,945
156,737,302
8,623,506
3,330,137
169,821,465
11,718,604
11,446,192
139,673,599
6,913,694
69,376
1,196,216
1,100,000
0
96,216
0
191,921,411
177,459,130
10,222,929
4,239,352
193,117,627
18,176,499
13,601,824
153,861,357
7,353,471
124,476
1,418,769
1,100,000
0
318,769
0
216,266,614
199,445,285
9,295,368
7,525,961
217,685,383
14,944,492
16,401,550
177,273,844
8,907,328
158,169
1,506,878
1,100,000
0
406,878
0
249,971,171
230,421,529
18,126,111
1,423,531
251,478,049
25,522,090
259,368
2,733,879
222,752,295
210,417
1,620,223
1,100,000
0
520,223
0
292,086,940
268,579,591
14,701,580
8,805,769
293,707,163
30,425,683
368,192
2,917,439
259,745,650
250,199
17,103,562
16,020,003
18,716,696
7,991,683
10,782,851
1,985,437
340,492
230,520
18,696,912
19,261,965
22,695,280
9,439,146
12,778,765
20,956,864
446,216
296,216
21,163,800
25,022,454
28,366,906
11,978,666
15,723,588
22,450,839
496,414
318,769
24,340,462
35,840,899
35,638,794
17,213,519
17,071,522
5,878,982
610,878
406,878
30,765,978
45,034,812
44,812,492
19,492,772
19,420,003
11,510,797
785,581
520,223
9,000
0.00%
0.00%
390,966
11,000
0.00%
0.00%
2,690,463
11,000
0.00%
0.00%
365,642
11,000
0.00%
0.00%
4,470,043
11,000
0.00%
0.00%
8,814,827
20.39%
0.14%
25.61
107.91%
861.29%
91.38%
24.76%
0.15%
26.93
108.30%
7,074.86%
82.38%
22.47%
0.15%
28.98
77.60%
7,042.98%
74.61%
27.00%
0.16%
36.99
105.30%
1,444.90%
68.30%
32.11%
0.18%
47.29
75.42%
2,212.67%
68.65%
0.07
82.25%
0.09
79.67%
0.07
81.44%
0.10
1.09%
0.10
0.99%
0.67%
125.61
0.62%
108.75
0.65%
128.98
0.60%
136.99
0.55%
147.29
169.60%
908.28%
114.70%
1,098.62%
1,694.43%

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

190
Non-Life Insurance Corporations - Overall

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
62,704,553
7,460,689
15,137,608
40,106,256
387,069
44,274,111
0
37,653,036
6,621,075
107,365,733
8,001,486
403,402
65,610,155
30,209,154
3,141,536
73,627,489
15,310,032
43,863,742
14,453,715
197,098
52,101,805
0
40,531,984
11,569,821
125,926,392
17,394,018
128,350
66,736,164
37,820,475
3,847,385
77,784,852
16,368,903
37,746,623
23,669,326
699,353
55,925,315
0
35,998,491
19,926,824
134,409,520
14,560,902
135,901
73,613,820
41,291,894
4,807,003
79,163,527
18,473,672
38,095,296
22,594,559
1,960,651
70,197,047
0
53,122,361
17,074,686
151,321,225
15,184,416
161,254
76,511,650
53,696,201
5,767,704
81,001,020
20,190,656
37,253,143
23,557,221
1,496,175
68,624,171
0
55,978,266
12,645,905
151,121,366
14,630,482
155,626
78,616,841
51,928,318
5,790,099
37,915,462
36,073,314
20,799,730
23,780,198
14,500,395
980,070
37,729,117
37,347,614
(4,839,199)
41,920,550
26,444,972
23,153,577
15,805,173
4,109,109
(1,954,052)
(3,172,018)
14,940,088
45,855,026
26,359,943
22,419,681
13,806,667
4,175,598
7,038,047
5,467,494
6,174,516
50,661,814
28,518,877
33,827,066
16,293,451
3,496,419
7,486,823
4,926,499
7,061,213
55,500,147
30,755,481
27,658,411
17,206,252
5,065,745
8,374,379
5,586,200
1,425,611
2,174,863
2,364,248
1,917,690
2,094,393

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend
N/A
N/A
652,738
N/A
N/A
(1,492,975)
N/A
N/A
262,727
N/A
N/A
608,001
N/A
N/A
796,456
59.56%
34.79%
26.20
158.34%
2.62%
182.29%
-4.31%
-2.52%
-1.46
175.06%
-129.54%
-18.30%
7.03%
4.07%
2.31
160.57%
76.37%
56.68%
6.22%
3.26%
2.57
157.04%
70.97%
21.65%
6.90%
3.70%
2.67
202.39%
90.68%
22.96%
0.07
61.11%
0.14
53.00%
0.11
54.77%
0.10
50.56%
0.10
52.02%
58.40%
43.98
58.47%
33.85
57.87%
32.90
52.31%
41.28
53.60%
38.68
1.75%
47.07%
4.81%
12.34%
14.26%

G.Liquidity ratios

I.Cash flow ratio

191
ACE Insurance Aid Pacific Ltd.

Items
1.Share capital
2.Reserves
4.Others
2008
2009
145,398
120,000
1,185
24,213
353
172,827
8,514
191,216
160,000
31,216
0
0
359,627
0
51,595
308,032
550,843
305,165
0
414
236,513
8,751
224,670
200,000
24,670
0
0
456,931
0
88,327
368,604
681,601
361,707
0
0
308,942
10,952
275,808
250,000
25,808
0
0
1,171,239
0
1,125,461
45,778
1,447,047
456,091
0
0
972,500
18,456
391,004
300,000
91,004
0
0
1,137,533
0
963,999
173,534
1,528,537
837,974
0
0
674,106
16,457
558
363,954
96,564
71,401
39,922
23,101
30,889
19,538
61
0
87,899
0
25,309
18,611
36,391
21,593
28
292,402
82,891
108,195
32,165
3,091
29,503
16,358
0
292,402
98,060
108,195
32,165
(1,148)
30,939
17,194
0
499,666
228,525
273,025
86,572
77,626
131,424
82,645
12,000
16,000
0.00%
0.00%
(1,118)
20,000
0.00%
0.00%
(13,827)
25,000
0.00%
0.00%
34,025
30,000
0.00%
0.00%
291,928
13.44%
4.38%
1.63
390.88%
118.24%
0.58%
11.29%
3.92%
1.35
86.19%
0.07%
7.28%
2.40%
0.82
81.64%
18.90%
0.03%
6.23%
1.19%
0.69
1,040.22%
-6.68%
0.00%
21.14%
5.41%
2.75
353.08%
93.93%
0.00%
0.59
0.08%
0.55
0.08%
0.53
0.00%
0.32
0.00%
0.55
0.00%
32.62%
12.12
34.71%
11.95
32.96%
11.23
19.06%
11.03
25.58%
13.03
559.50%
-5.18%
197.89%
353.23%

279,089
21,266
445,753
264,059

5.Fixed assets
(Thousand Rupees)
2010
2011
2007
300,355
2011

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend
109,316

G.Liquidity ratios

I.Cash flow ratio

192
-84.53%
Adamjee Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
7,651,747
1,022,351
963,123
5,666,273
0
11,114,216
0
9,979,928
1,134,288
18,765,963
954,197
27,312
8,132,102
8,887,247
765,105
8,791,099
1,022,351
1,078,231
6,690,517
0
10,451,381
0
8,753,875
1,697,506
19,242,480
2,207,453
26,852
7,333,959
8,722,167
952,049
10,781,175
1,124,586
1,136,547
8,520,042
0
10,831,203
0
2,344,753
8,486,450
21,612,378
2,157,104
28,383
9,658,030
8,913,124
855,737
11,000,004
1,237,045
1,163,638
8,599,321
0
16,886,731
0
14,614,804
2,271,927
27,886,735
2,704,817
22,086
9,406,998
14,699,918
1,052,916
10,900,906
1,237,045
1,241,625
8,422,236
0
13,181,486
0
11,027,452
2,154,034
24,082,392
2,378,967
17,175
9,451,731
11,208,717
1,025,802
4,486,366
9,378,578
5,531,818
6,548,240
3,915,091
119,251
4,284,885
4,201,250
1,098,050
10,442,659
6,685,378
6,601,192
5,173,152
367,062
1,175,877
1,099,150
2,479,419
9,929,749
6,806,897
5,643,943
4,452,839
679,257
2,608,348
2,447,020
779,089
10,952,551
6,883,397
10,598,852
4,833,516
245,721
541,813
484,131
852,315
11,753,401
6,983,344
7,066,321
4,749,113
528,632
(41,968)
132,177
102,235
30.00%
0.00%
(16,324)
102,235
0.00%
0.00%
(354,139)
112,459
30.00%
10.00%
291,555
123,705
24.00%
9.00%
(48,276)
123,705
25.00%
0.00%
(718,380)
54.91%
22.39%
41.09
152.41%
2.84%
81.10%
12.50%
5.71%
10.75
132.61%
33.40%
16.42%
22.70%
11.32%
21.76
41.54%
27.76%
36.43%
4.40%
1.74%
3.91
137.89%
50.76%
11.32%
1.21%
0.55%
1.07
156.06%
399.94%
12.20%
0.05
43.33%
0.11
38.11%
0.10
44.69%
0.10
33.73%
0.10
39.25%
40.77%
74.84
45.69%
85.99
49.88%
95.87
39.45%
88.92
45.27%
88.12
11.91%
-9.97%
-543.50%

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

-0.39%
193
-32.22%
Agro General Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
108,202
140,400
1,650
(33,848)
0
2,475
0
1,466
1,009
110,677
13,829
0
24,837
71,138
873
100,237
140,400
1,650
(41,813)
0
2,538
0
1,466
1,072
102,775
4,479
0
21,062
76,507
727
12,970
0
0
0
0
0
9,311
9,154
(5,051)
0
0
0
0
0
(7,839)
(7,965)
14,040
0.00%
0.00%
(41,371)
14,040
0.00%
0.00%
(2,267)
8.46%
8.27%
0.65
-7.95%
-7.75%
-0.57

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend

0.00%
0.00%
0.12
22.44%
0.04
20.49%
97.76%
7.71
97.53%
7.14
-451.94%
28.46%
G.Liquidity ratios

I.Cash flow ratio

194
Alflah Insurance Company Ltd

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
256,146
121,440
50,655
84,051
0
258,620
0
236,533
22,087
514,766
160,201
0
108,531
235,744
10,290
232,588
161,920
50,655
20,013
0
248,403
0
215,266
33,137
480,991
166,588
0
77,292
225,124
11,987
325,229
303,600
10,175
11,454
363,944
259,476
0
220,015
39,461
948,649
144,886
0
195,602
597,736
10,425
325,229
303,600
10,175
11,454
363,944
259,476
0
220,015
39,461
948,649
144,886
0
195,602
597,736
10,425
325,229
303,600
10,175
11,454
363,944
259,476
0
220,015
39,461
948,649
144,886
0
195,602
597,736
10,425
84,580
147,918
99,501
89,796
61,658
4,453
86,487
84,023
14,400
135,055
77,039
90,494
48,543
(9,723)
2,870
(17,486)
29,215
116,083
61,511
88,487
53,161
(26,270)
(7,737)
(821,076)
29,215
116,083
61,511
88,487
53,161
(26,270)
(7,737)
(821,076)
29,215
116,083
61,511
88,487
53,161
(26,270)
(7,737)
(821,076)
12,144
5.00%
33.33%
(38,167)
16,192
0.00%
0.00%
(44,856)
30,360
0.00%
0.00%
(29,111)
30,360
0.00%
0.00%
(29,111)
30,360
0.00%
0.00%
(29,111)
32.80%
16.32%
6.92
263.41%
5.30%
85.00%
-7.52%
-3.64%
-1.08
237.88%
55.60%
18.69%
-252.46%
-86.55%
-27.04
248.64%
3.20%
47.50%
-252.46%
-86.55%
-27.04
248.64%
3.20%
47.50%
-252.46%
-86.55%
-27.04
248.64%
3.20%
47.50%
0.31
21.08%
0.35
16.07%
0.15
20.62%
0.15
20.62%
0.15
20.62%
49.76%
21.09
48.36%
14.36
34.28%
10.71
34.28%
10.71
34.28%
10.71
256.53%
3.55%
3.55%
3.55%

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

-45.42%
195
Allianz EFU Health Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
270,073
250,000
0
20,073
0
689,917
0
605,823
84,094
959,990
38,272
0
468,878
427,064
25,776
326,924
300,000
0
26,924
0
699,658
0
606,831
92,827
1,026,582
35,969
0
518,792
450,011
21,810
43,206
1,010,167
680,338
963,259
632,076
2,124
25,386
14,449
37,156
995,212
645,038
776,124
523,590
57,654
96,804
56,851
25,000
0.00%
0.00%
(108,607)
30,000
0.00%
0.00%
20,096
5.35%
1.51%
0.58
62.89%
14.70%
6.35%
17.39%
5.54%
1.90
78.19%
101.41%
5.76%
0.04
48.84%
0.04
50.54%
28.13%
10.80
31.85%
10.90
-751.66%
35.35%

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

196
Asia Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
138,053
120,000
2,500
15,553
27,208
67,382
0
7,540
59,842
232,643
96,321
0
4,103
69,167
63,052
183,570
160,000
2,500
21,070
127,208
67,135
0
8,639
58,496
377,913
128,417
0
6,356
80,338
162,802
228,457
200,000
2,500
25,957
127,208
63,854
0
6,301
57,553
419,519
148,998
0
22,456
79,301
168,764
282,918
250,000
2,500
30,418
127,208
45,887
0
2,149
43,738
456,013
163,401
0
56,822
59,518
176,272
342,583
300,000
2,500
40,083
136,060
60,626
0
39,131
21,495
539,269
159,876
0
113,378
65,934
200,081
7,232
54,302
33,411
26,148
14,680
7,143
12,304
9,485
9,570
53,644
32,203
26,522
14,737
3,261
9,448
5,518
19,549
46,537
29,768
31,941
10,952
1,460
7,355
4,886
21,108
46,534
29,451
7,101
7,474
4,101
9,043
4,461
24,319
52,286
33,704
12,074
10,916
334
11,545
9,665
12,000
10.00%
50.00%
(4,311)
16,000
0.00%
33.00%
(3,130)
20,000
0.00%
0.00%
(14,860)
25,000
0.00%
0.00%
(17,574)
30,000
0.00%
0.00%
(6,325)
6.87%
4.08%
0.79
28.84%
75.31%
21.65%
3.01%
1.46%
0.34
32.57%
59.10%
29.72%
2.14%
1.16%
0.24
19.73%
29.88%
65.67%
1.58%
0.98%
0.18
30.26%
91.93%
71.67%
2.82%
1.79%
0.32
324.09%
3.46%
72.15%
0.41
1.76%
0.34
1.68%
0.36
5.35%
0.36
12.46%
0.30
21.02%
59.34%
11.50
48.57%
11.47
54.46%
11.42
62.04%
11.32
63.53%
11.42
-304.13%
-393.95%

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

-45.45%
197
-56.72%
-65.44%
Askari General Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
284,639
156,750
65,000
62,889
4,658
828,297
0
724,184
104,113
1,117,594
169,783
2,817
423,227
417,796
103,971
295,957
203,775
74,658
17,524
0
921,294
0
813,079
108,215
1,217,251
85,108
2,956
512,843
489,357
126,987
268,412
203,775
74,658
(10,021)
0
927,340
0
839,746
87,594
1,195,752
114,277
4,197
413,607
533,027
130,644
315,833
203,776
74,659
37,398
0
1,138,101
0
1,022,808
115,293
1,453,934
91,251
2,159
510,063
802,813
47,648
432,208
308,210
74,658
49,340
0
1,112,772
0
902,563
210,209
1,544,980
130,566
1,190
554,394
810,840
47,990
51,759
829,100
583,322
487,099
378,581
79,802
69,996
51,728
12,536
1,002,654
650,429
513,880
423,393
72,996
17,386
6,659
(28,174)
1,089,649
805,176
630,052
(522,426)
78,757
(15,075)
(27,544)
51,096
1,344,036
639,901
616,816
385,890
109,137
53,347
47,418
52,094
1,132,971
633,283
547,467
327,857
142,350
78,921
65,434
15,675
0.00%
30.00%
88,696
20,377
0.00%
0.00%
25,684
20,377
0.00%
0.00%
4,856
20,378
0.00%
10.00%
(53,585)
30,821
0.00%
10.00%
(17,098)

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend

18.17%
4.63%
3.30
148.67%
154.27%
8.87%
2.25%
0.55%
0.33
158.22%
1,096.20%
1.93%
-10.26%
-2.30%
-1.35
133.28%
-285.93%
-3.50%
15.01%
3.26%
2.33
165.82%
230.16%
7.98%
15.14%
4.24%
2.12
164.86%
217.55%
8.23%
0.15
37.87%
0.07
42.13%
0.10
34.59%
0.06
35.08%
0.08
35.88%
25.47%
18.16
24.31%
14.52
22.45%
13.17
21.72%
15.50
27.97%
14.02
171.47%
385.70%
G.Liquidity ratios

I.Cash flow ratio

198
-17.63%
-113.01%
-26.13%
Atlas Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
970,153
206,497
353,064
410,592
0
763,281
0
697,522
65,759
1,733,434
200,780
724
1,010,747
479,504
41,679
626,019
268,447
557,064
(199,492)
0
713,944
0
697,631
16,313
1,339,963
195,929
465
494,201
600,072
49,296
747,963
335,559
222,064
190,340
0
1,157,130
0
1,141,136
15,994
1,905,093
660,191
201
558,250
639,030
47,421
856,397
369,115
244,064
243,218
0
1,178,337
0
1,159,164
19,173
2,034,734
492,581
177
772,048
726,012
43,916
1,009,919
442,938
265,064
301,917
0
1,068,166
0
872,535
195,631
2,078,085
54,591
117
1,089,256
888,629
45,492
314,703
709,197
447,000
383,256
215,104
144,593
467,406
409,846
(305,174)
861,402
507,946
428,206
231,434
158,386
(140,994)
(199,585)
118,230
782,700
443,534
265,444
192,355
104,467
(140,994)
(199,585)
102,634
1,004,381
530,269
304,586
(176,504)
199,924
327,130
242,658
133,572
1,102,974
591,289
289,352
153,294
253,585
400,084
301,168
20,650
70.00%
30.00%
175,398
26,844
25.00%
25.00%
2,067
118,230
0.00%
0.00%
357,794
36,912
40.00%
20.00%
30,056
44,294
40.00%
20.00%
(139,230)
42.25%
23.64%
19.85
182.00%
35.28%
70.40%
-31.88%
-14.89%
-7.43
162.92%
-79.36%
-60.08%
-26.68%
-10.48%
-1.69
429.90%
-52.34%
26.66%
28.33%
11.93%
6.57
380.57%
82.39%
19.36%
29.82%
14.49%
6.80
301.55%
84.20%
22.59%
0.12
58.31%
0.15
36.88%
0.35
29.30%
0.24
37.94%
0.03
52.42%
55.97%
46.98
46.72%
23.32
39.26%
6.33
42.09%
23.20
48.60%
22.80
42.80%
-1.04%
-179.27%
12.39%

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

199
-46.23%
Capital Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others
2008
2009
126,737
120,362
6,375
35,570
24,653
38,488
163,049
160,125
12,936
(10,012)
9,207
68,398
0
17,841
50,557
240,654
67,572
0
87,845
62,696
22,541
209,329
200,157
12,936
(3,764)
8,747
122,898
0
48,904
73,994
340,974
71,516
0
91,019
156,426
22,013
264,580
250,196
12,936
1,448
8,700
118,146
0
107,853
10,293
391,426
71,853
0
34,185
263,307
22,081
266,684
262,705
425
3,554
8,657
61,818
0
55,346
6,472
337,159
43,800
0
31,372
237,589
24,398
10,392
16,196
10,252
11,893
1,756
2,925
15,235
(8,562)
3,645
0
7,106
0
(6,829)
(9,055)
(11,280)
(11,475)
12,870
55,593
10,682
9,480
(1,590)
389
6,956
5,787
8,705
55,593
12,619
9,480
2,878
830
6,813
5,164
4,298
22,949
4,375
31,949
4,007
(6,154)
3,171
2,061
12,036
16,013
0.00%
0.00%
(10,686)
20,016
0.00%
0.00%
(53,545)
25,020
0.00%
0.00%
1,144
26,271
0.00%
0.00%
(32,206)
-6.76%
-5.54%
-0.71
132.97%
-34.16%
101.37%
-7.04%
-4.77%
-0.72
78.91%
51.29%
2.76%
1.70%
0.29
515.86%
6.72%
120.48%
1.95%
1.32%
0.21
1,137.69%
16.07%
68.98%
0.77%
0.61%
0.08
173.23%
-298.59%
98.24%
0.36
23.03%
0.28
36.50%
0.21
26.69%
0.18
8.73%
0.13
9.30%
82.06%
10.53
67.75%
10.18
61.39%
10.46
67.59%
10.57
79.10%
10.15
65.90%
93.12%
-925.26%
22.15%

15,814
11,349
154,448
55,737

5.Fixed assets
(Thousand Rupees)
2010
2011
2007
548
27,163
2011

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend
(5,642)

G.Liquidity ratios

I.Cash flow ratio

200
-1,562.64%
Century Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
522,534
254,024
94,033
174,477
0
1,169,031
0
1,058,385
110,646
1,691,565
248,821
0
464,231
947,458
31,055
921,959
457,244
373,024
91,691
0
371,585
0
330,418
41,167
1,293,544
316,416
0
464,449
470,132
42,547
852,000
457,244
373,024
21,732
0
299,836
0
259,048
40,788
1,151,836
75,313
0
735,978
297,334
43,211
961,633
457,244
373,024
131,365
0
368,834
0
312,834
56,000
1,330,467
87,060
0
840,031
359,760
43,616
941,045
457,244
373,023
110,778
0
520,940
0
432,518
88,422
1,461,985
97,520
0
848,639
467,645
48,181
169,378
356,401
218,622
164,129
146,163
37,933
168,158
167,992
(38,041)
406,147
241,371
338,942
79,296
122,260
53,753
18,422
(73,034)
427,410
206,646
96,319
64,707
95,030
(39,947)
(69,958)
105,875
467,394
219,070
201,235
106,646
63,644
121,062
109,631
11,094
496,034
225,191
182,130
80,505
87,325
42,123
25,110
25,402
0.00%
30.00%
30,378
45,724
0.00%
0.00%
(167,937)
45,724
0.00%
0.00%
117,191
45,724
10.00%
0.00%
8,867
45,724
10.00%
0.00%
57,370
32.15%
9.93%
6.61
644.85%
22.58%
77.48%
2.00%
1.42%
0.40
97.49%
663.66%
-15.76%
-8.21%
-6.07%
-1.53
268.95%
-135.84%
-35.34%
11.40%
8.24%
2.40
155.46%
58.05%
48.33%
2.67%
1.72%
0.55
237.48%
347.77%
4.93%
0.15
27.44%
0.24
35.91%
0.07
63.90%
0.07
63.14%
0.07
58.05%
30.89%
20.57
71.27%
20.16
73.97%
18.63
72.28%
21.03
64.37%
20.58
18.08%
-911.61%
-167.52%
8.09%
228.47%

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

201
Cyan Ltd.
Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
4,115,396
139,834
133,088
3,842,474
0
188,336
0
146,257
42,079
4,303,732
97,520
0
4,017,496
185,076
3,640
4,187,070
184,581
133,088
3,869,401
0
156,610
0
137,895
18,715
4,343,680
64,773
0
4,124,141
151,606
3,160
3,293,190
203,039
133,088
2,957,063
0
155,731
0
141,349
14,382
3,448,921
65,136
0
3,249,876
131,369
2,540
3,355,818
279,179
133,088
2,943,551
528,709
179,752
0
110,234
69,518
4,064,279
8,296
29,595
3,927,349
97,108
1,931
3,116,433
390,851
133,088
2,592,494
37,670
48,544
0
32,040
16,504
3,202,647
19,230
100
2,947,025
234,702
1,590
2,752,567
145,629
20,851
23,055
8,713
12,612
2,764,738
2,747,982
128,412
110,070
14,758
24,235
6,562
14,993
133,687
116,421
128,412
123,891
13,397
50,816
7,695
10,774
(844,897)
(855,118)
179,500
117,092
10,509
1,095
4,701
3,996
110,272
108,312
479,664
13,342
(4,503)
(14,815)
(9,588)
(12,835)
(159,254)
(197,508)
13,983
50.00%
20.00%
(29,932)
18,458
20.00%
20.00%
5,914
20,304
20.00%
20.00%
9,519
27,918
25.00%
50.00%
(43,834)
39,085
25.00%
0.00%
86,197
66.77%
63.85%
196.52
634.38%
0.46%
13,201.13%
2.78%
2.68%
6.31
568.99%
12.88%
870.12%
-25.97%
-24.79%
-42.12
278.16%
-1.26%
958.51%
3.23%
2.66%
3.88
10,067.03%
3.69%
1,708.06%
-6.34%
-6.17%
-5.05
-216.27%
6.50%
-10,652.10%
0.02
93.35%
0.01
94.95%
0.02
94.23%
0.00
96.63%
0.01
92.02%
95.62%
294.31
96.39%
226.84
95.48%
162.19
82.57%
120.20
97.31%
79.73
-1.09%
5.08%
-1.11%

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

202
-40.47%
-43.64%
E.F.U.General Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
16,164,267
1,000,000
600,000
14,564,267
12,902
11,212,806
0
10,491,258
721,548
27,389,975
1,162,876
3,770
18,867,856
6,930,434
425,039
10,093,041
1,150,000
14,400,000
(5,456,959)
12,902
11,123,749
0
10,277,630
846,119
21,229,692
1,303,684
2,880
12,091,082
7,223,793
608,253
10,451,590
1,150,000
8,500,000
801,590
12,902
11,474,458
0
9,710,098
1,764,360
21,938,950
1,349,606
2,775
12,885,838
7,155,256
545,475
9,591,171
1,250,000
8,662,902
(321,731)
0
14,950,498
0
13,849,184
1,101,314
24,541,669
1,706,571
3,293
11,899,434
10,223,286
709,085
9,995,869
1,250,000
8,162,902
582,967
0
14,382,169
0
12,805,452
1,576,717
24,378,038
1,758,119
3,326
12,552,086
9,304,862
759,645
14,812,295
8,961,395
6,110,504
7,419,674
5,092,241
(176,932)
14,457,295
14,536,309
(5,299,619)
9,598,000
6,136,944
7,418,000
4,369,507
371,433
(5,442,922)
(5,471,226)
673,524
9,694,833
5,570,211
5,267,381
3,911,444
66,535
801,443
732,299
(357,955)
9,699,192
5,846,591
8,176,868
3,941,583
111,875
(359,763)
(413,321)
185,101
11,432,816
6,224,495
4,809,747
3,707,552
693,348
841,544
560,948
100,000
60.00%
15.00%
252,082
115,000
32.50%
0.00%
(507,154)
115,000
40.00%
8.70%
204,961
125,000
12.50%
0.00%
140,124
125,000
27.50%
0.00%
434,352
89.93%
53.07%
145.36
141.40%
-1.22%
242.41%
-54.21%
-25.77%
-47.58
138.55%
-6.79%
-86.36%
7.01%
3.34%
6.37
184.34%
9.09%
12.09%
-4.31%
-1.68%
-3.31
169.37%
-27.07%
-6.12%
5.61%
2.30%
4.49
266.24%
123.60%
2.97%
0.04
68.89%
0.06
56.95%
0.06
58.73%
0.07
48.49%
0.07
51.49%
59.02%
161.64
47.54%
87.77
47.64%
90.88
39.08%
76.73
41.00%
79.97
1.73%
9.27%
27.99%

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

203
-33.90%
77.43%
East West Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
634,084
172,851
100,200
361,033
10,000
319,599
0
273,563
46,036
963,683
79,596
0
565,276
254,071
64,740
866,835
228,526
110,200
528,109
0
406,489
0
76,513
329,976
1,273,324
76,231
0
813,959
280,529
102,605
329,712
228,526
100,200
986
0
330,770
0
41,679
289,091
660,482
55,220
0
232,810
257,468
114,984
338,155
251,379
77,200
9,576
0
295,487
0
290,341
5,146
633,642
40,123
0
191,758
276,918
124,843
398,043
301,655
75,000
21,388
0
315,912
0
264,150
51,762
713,955
52,573
0
243,535
307,104
110,743
330,006
502,243
319,502
250,080
125,486
53,470
335,969
326,263
255,149
0
405,705
0
168,452
80,338
277,016
265,827
(561,658)
674,106
436,968
314,945
178,296
89,271
(527,995)
537,123
31,561
584,241
331,968
306,991
(151,321)
45,451
15,548
8,443
31,364
630,251
387,685
233,491
153,899
81,803
47,871
34,750
17,285
10.00%
17.00%
0
22,853
0.00%
0.00%
47,017
22,853
0.00%
0.00%
10,293
25,138
0.00%
10.00%
1,846
30,166
0.00%
10.00%
8,777
51.45%
33.86%
18.88
109.39%
16.39%
103.29%
30.67%
20.88%
11.63
30.22%
62.89%
162.91%
81.32%
23.50
13.23%
16.62%
-128.54%
2.50%
1.33%
0.34
94.58%
538.33%
9.51%
8.73%
4.87%
1.15
113.13%
235.40%
8.09%
0.08
58.66%
0.06
63.92%
0.08
35.25%
0.06
30.26%
0.07
34.11%
65.80%
36.68
68.08%
37.93
49.92%
14.43
53.37%
13.45
55.75%
13.20
0.00%
17.69%
1.92%
21.86%
25.26%

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

204
Excel Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
134,187
120,000
110
14,077
0
40,435
0
21,747
18,688
174,622
24,003
0
85,694
54,836
10,089
181,754
160,000
110
21,644
0
41,139
0
20,825
20,314
222,893
13,365
0
155,044
44,208
10,276
203,725
200,000
110
3,615
0
33,172
0
26,495
6,677
236,897
101,131
0
59,941
67,069
8,756
282,954
250,000
32,844
110
0
24,544
0
17,207
7,337
307,498
57,683
0
185,621
57,457
6,737
282,954
250,000
32,844
110
0
24,544
0
17,207
7,337
307,498
57,683
0
185,621
57,457
6,737
28,682
32,961
16,262
48,113
4,929
(752)
19,802
14,077
17,299
42,018
18,289
19,199
7,236
1,164
9,444
21,644
2,741
42,018
18,051
19,199
4,551
2,607
(931)
(2,029)
37,011
31,108
16,090
5,905
4,272
1,033
31,689
29,229
37,011
31,108
16,090
5,905
4,272
1,033
31,689
29,229
12,000
0.00%
2.50%
(28,972)
16,000
0.00%
0.00%
1,829
20,000
0.00%
0.00%
(19,075)
25,000
0.00%
0.00%
(9,252)
25,000
0.00%
0.00%
(9,252)
10.49%
8.06%
1.17
45.20%
-5.34%
176.37%
11.91%
9.71%
1.35
108.47%
5.38%
94.59%
-1.00%
-0.86%
-0.10
138.00%
-128.49%
15.18%
10.33%
9.51%
1.17
291.40%
3.53%
230.02%
10.33%
9.51%
1.17
291.40%
3.53%
230.02%
0.14
49.07%
0.06
69.56%
0.43
25.30%
0.19
60.36%
0.19
60.36%
76.84%
11.18
81.54%
11.36
86.00%
10.19
92.02%
11.32
92.02%
11.32
-205.81%
8.45%
940.12%

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

205
-31.65%
-31.65%
Habib Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,237,675
296,595
504,122
436,958
0
863,429
0
711,642
151,787
2,101,104
129,940
981
1,313,616
613,159
43,408
663,290
355,914
654,122
(346,746)
0
794,176
0
592,613
201,563
1,457,466
57,435
1,899
719,561
634,086
44,485
823,544
400,403
204,122
219,019
0
792,791
0
540,481
252,310
1,616,335
26,520
1,899
932,041
611,390
44,485
851,885
400,403
197,360
254,122
0
815,100
0
570,936
244,164
1,666,985
57,999
3,143
925,540
641,355
38,948
878,080
450,454
254,122
173,504
0
999,996
0
703,681
296,315
1,878,076
50,432
31,237
916,434
865,848
14,125
443,375
685,606
335,974
425,065
217,176
6,628
407,517
420,378
(390,531)
734,275
397,960
380,313
202,219
67,687
(379,447)
(396,428)
(390,531)
734,275
397,960
380,313
202,219
67,687
(379,447)
(396,428)
149,355
754,013
394,643
317,065
183,787
87,471
192,188
168,482
117,389
841,955
420,310
436,243
231,180
60,193
149,044
126,296
59,319
60.00%
20.00%
24,770
71,182
12.50%
12.50%
(88,311)
71,182
12.50%
12.50%
(88,311)
80,081
25.00%
12.50%
4,160
90,091
25.00%
10.00%
(77,378)
33.97%
20.01%
7.09
167.42%
1.58%
131.97%
-59.77%
-27.20%
-5.57
155.82%
-17.07%
-98.13%
-48.14%
-24.53%
-5.57
142.11%
-17.07%
-98.13%
19.78%
10.11%
2.10
180.07%
51.92%
37.85%
14.38%
6.72%
1.40
161.30%
47.66%
27.93%
0.06
62.52%
0.04
49.37%
0.02
57.66%
0.03
55.52%
0.03
48.80%
58.91%
20.86
45.51%
9.32
50.95%
11.57
51.10%
10.64
46.75%
9.75
5.89%
22.28%
22.28%
2.47%

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

206
-61.27%
Hallmark Insurance Co., Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
879
5,000
0
(4,121)
0
3,301
0
1,448
1,853
4,180
964
0
0
1,828
1,388
600
5,000
0
(4,400)
0
3,336
0
1,448
1,888
3,936
720
0
0
1,828
1,388
0
0
0
0
0
0
(272)
(272)
0
0
0
0
0
0
(279)
(279)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
500
0.00%
0.00%
(232)
500
0.00%
0.00%
(244)
500
0.00%
0.00%
(228)
500
0.00%
0.00%
0
-30.94%
-6.51%
-0.54
-46.50%
-7.09%
-0.56
0.00%
0.00%
0.00
0.00%
0.00%
0.00
115
5,000
0
(4,885)
0
3,412
0
1,448
1,964
3,527
492
0
0
1,910
1,125
(28)
5,000
0
(5,028)
0
2,226
0
1,448
778
2,198
492
0
0
610
1,096

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend

0.00%
0.00%
0.23
0.00%
0.18
0.00%
0.14
0.00%
0.22
0.00%
21.03%
1.76
15.24%
1.20
3.26%
0.23
-1.27%
-0.06
85.29%
87.46%
G.Liquidity ratios

I.Cash flow ratio

207
International General Insurance Co. of Pakistan Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
11,280,350
319,301
8,103,740
2,857,309
0
2,823,754
0
1,118,664
1,705,090
14,104,104
205,911
0
12,404,727
1,184,183
309,283
10,846,519
598,689
10,624,177
(376,347)
0
2,354,120
0
878,223
1,475,897
13,200,639
258,260
0
11,709,948
929,900
302,531
10,960,813
598,689
10,534,374
(172,250)
0
1,405,253
0
124,523
1,280,730
12,366,066
6,809
0
11,235,758
842,954
280,545
11,575,854
718,427
10,264,964
592,463
0
1,384,597
0
76,565
1,308,032
12,960,451
421
0
12,002,730
783,406
173,894
11,287,896
1,115,359
9,530,371
642,166
0
2,293,133
0
1,463,515
829,618
13,581,029
77,517
0
11,713,889
1,634,350
155,273
3,021,533
1,039,605
586,073
682,635
347,805
160,803
2,984,217
2,930,279
(157,476)
1,035,000
542,515
423,000
240,931
193,166
(404,103)
(377,042)
(414,649)
1,155,775
614,586
437,930
257,052
253,103
364,766
263,966
929,344
1,247,470
720,733
473,625
364,411
205,095
920,771
836,556
492,524
1,600,781
852,329
1,388,264
530,525
207,782
56,632
49,703
31,930
40.00%
25.00%
2,306
59,869
15.00%
50.00%
(27,651)
59,869
35.00%
0.00%
126,941
71,843
30.00%
55.00%
278,667
111,536
50.00%
15.00%
(18,106)
25.98%
20.78%
91.77
163.87%
5.49%
515.56%
-3.48%
-2.86%
-6.30
207.62%
-51.23%
-29.03%
2.41%
2.13%
4.41
28.43%
95.88%
-67.47%
7.23%
6.45%
11.64
16.17%
24.52%
128.94%
0.44%
0.37%
0.45
105.42%
418.05%
57.79%
0.01
87.95%
0.02
88.71%
0.00
90.86%
0.00
92.61%
0.01
86.25%
79.98%
353.28
82.17%
181.17
88.64%
183.08
89.32%
161.13
83.12%
101.20
0.08%
7.33%
48.09%
33.31%

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

208
-36.43%
Jubilee General Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others
2008
2009
2,411,663
549,290
1,203,939
658,434
2,961,315
559,728
5,932,706
1,680,625
433
2,032,089
2,040,607
178,952
2,061,314
659,148
1,553,232
(151,066)
0
3,363,858
0
2,749,505
614,353
5,425,172
1,670,155
364
1,554,039
2,102,654
97,960
2,621,006
659,148
1,255,332
706,526
0
3,798,883
0
3,040,509
758,374
6,419,889
2,028,132
294
1,902,811
2,382,103
106,549
2,903,875
790,977
1,579,384
533,514
0
4,798,183
0
3,749,612
1,048,571
7,702,058
974,783
791
3,855,601
2,776,025
94,858
3,542,869
988,721
1,679,384
874,764
0
5,431,966
0
4,171,474
1,260,492
8,974,835
967,361
849
5,082,078
2,827,350
97,197
599,208
3,430,376
1,818,775
1,905,556
1,413,733
(207,033)
575,041
588,456
181,707
3,526,000
2,186,443
1,829,800
1,332,461
108,115
(179,153)
(267,249)
452,253
3,916,086
2,297,720
1,951,318
1,420,977
114,121
771,898
656,464
407,598
4,223,635
2,451,227
2,291,778
1,677,614
(64,085)
546,682
450,151
611,966
4,869,348
2,764,204
2,089,885
1,699,094
153,756
892,911
797,189
54,929
30.00%
20.00%
58,306
65,915
0.00%
0.00%
(102,885)
65,915
30.00%
20.00%
216,551
79,098
20.00%
25.00%
474,037
98,872
30.00%
20.00%
599,038
24.40%
9.92%
10.71
155.40%
-35.18%
32.95%
-12.96%
-4.93%
-4.05
150.26%
-40.45%
8.31%
25.05%
10.23%
9.96
155.82%
17.38%
19.68%
15.50%
5.84%
5.69
163.61%
-14.24%
16.63%
22.50%
8.88%
8.06
199.60%
19.29%
22.14%
0.28
34.25%
0.31
28.64%
0.32
29.64%
0.13
50.06%
0.11
56.63%
40.65%
43.91
38.00%
31.27
40.83%
39.76
37.70%
36.71
39.48%
35.83
9.91%
38.50%
32.99%
105.31%
75.14%


5.Fixed assets
(Thousand Rupees)
2010
2011
2007
3,521,043
2011

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

209
National Insurance Corporation

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
14,104,699
2,000,000
10,400,000
1,704,699
0
8,147,936
0
5,944,797
2,203,139
22,252,635
4,807,038
25,298
11,626,851
5,711,066
82,382
16,137,364
2,000,000
11,500,000
2,637,364
0
11,135,642
0
8,186,245
2,949,397
27,273,006
3,514,665
26,767
15,416,074
7,312,172
1,003,328
15,728,795
2,000,000
11,500,000
2,228,795
0
11,079,800
0
8,186,245
2,893,555
26,808,595
3,486,575
26,767
15,427,447
7,527,628
340,178
15,728,795
2,000,000
11,500,000
2,228,795
0
11,079,800
0
8,186,245
2,893,555
26,808,595
3,486,575
26,767
15,427,447
7,527,628
340,178
(389,169)
5,492,000
2,903,518
1,243,924
1,028,247
1,583,379
1,513,614
1,050,277
2,030,436
5,655,348
3,004,999
3,058,338
986,654
1,630,096
3,579,468
2,524,567
2,011,000
5,655,000
3,005,000
3,058,000
987,000
1,630,000
3,586,000
2,533,000
2,011,000
5,655,000
3,005,000
3,058,000
987,000
1,630,000
3,586,000
2,533,000
200,000
0.00%
0.00%
528,334
200,000
0.00%
0.00%
1,023,667
200,000
0.00%
0.00%
(1,316)
200,000
0.00%
0.00%
(1,316)
7.45%
4.72%
5.25
477.91%
150.76%
-13.40%
15.64%
9.26%
12.62
267.67%
64.57%
67.57%
16.10%
9.45%
12.67
267.70%
64.35%
66.92%
16.10%
9.45%
12.67
267.70%
64.35%
66.92%
0.22
52.25%
0.13
56.53%
0.13
57.55%
0.13
57.55%
63.38%
70.52
59.17%
80.69
58.67%
78.64
58.67%
78.64
50.30%
40.55%
-0.05%
-0.05%

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

210
New Hampshire Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,073,053
1,073,053
0
0
0
814,820
0
141,802
673,018
1,887,873
546,920
0
435,617
817,610
87,726
1,241,289
1,241,289
0
0
0
956,695
0
216,705
739,990
2,197,984
319,850
0
863,092
936,126
78,916
928,058
928,058
0
0
0
1,596,194
0
1,288,621
307,573
2,524,252
682,920
0
751,912
1,025,504
63,916
1,002,279
1,002,279
0
0
0
1,751,481
0
1,431,277
320,204
2,753,760
1,106,672
0
529,831
1,056,922
60,335
92,189
0
479,927
0
205,594
152,668
82,599
52,498
131,761
849,199
382,172
406,573
169,222
98,923
32,203
17,142
158,726
849,199
405,937
406,573
201,105
103,498
92,783
56,577
177,545
1,240,273
443,395
470,519
268,243
66,829
108,147
74,221
107,305
0.00%
0.00%
(224,313)
124,129
0.00%
0.00%
104,776
92,806
0.00%
0.00%
106,751
100,228
0.00%
0.00%
35,739
4.89%
2.78%
0.49
290.81%
19.21%
1.38%
0.78%
0.14
53.30%
577.08%
34.48%
6.10%
2.24%
0.61
316.95%
182.93%
39.10%
7.41%
2.70%
0.74
304.19%
90.04%
40.04%
0.29
23.07%
0.15
39.27%
0.27
29.79%
0.40
19.24%
56.84%
10.00
56.47%
10.00
36.77%
10.00
36.40%
10.00
-427.28%
611.22%
188.68%
48.15%

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

211
Pakistan Mutual Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
7,956
0
5,027
2,929
1,944
909
0
292
617
10,809
2,009
0
3,003
2,719
3,078
2,679
0
29
2,650
0
6,577
0
6,051
526
9,256
3,053
0
16
2,879
3,308
2,446
0
29
2,417
0
5,037
0
4,724
313
7,483
1,778
0
0
2,889
2,816
2,834
0
29
2,805
0
3,472
0
2,270
1,202
6,306
515
240
0
2,684
2,867
8,936
0
29
8,907
0
5,157
0
3,881
1,276
14,093
9,210
420
0
3,041
1,422
60
4,824
4,548
456
396
3,816
(3,076)
(3,099)
94
0
4,855
0
(446)
(2,409)
(1,514)
(1,547)
77
5,223
5,009
0
(236)
(2,179)
(1,545)
(1,560)
0
5,223
4,900
0
64
(1,941)
(1,328)
(1,377)
0
6,966
6,170
633
593
(1,950)
6,183
6,102
0
0.00%
0.00%
(1,299)
0
0.00%
0.00%
0
0
0.00%
0.00%
(1,389,168)
0
0.00%
0.00%
(1,524)
0
0.00%
0.00%
206
-38.95%
-28.67%
-57.75%
-16.71%
-63.78%
-20.85%
-48.59%
-21.84%

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend

68.29%
43.30%
64.04%
-123.14%
1.32%
155.72%
1.94%
139.68%
1.54%
140.96%
0.00%
613.11%
-31.96%
0.00%
0.19
27.78%
0.33
0.17%
0.24
0.00%
0.08
0.00%
0.65
0.00%
73.61%
28.94%
32.69%
44.94%
63.41%
41.92%
0.00%
89,049.23%
110.68%
3.38%
G.Liquidity ratios

I.Cash flow ratio

212
Pakistan Reinsurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
6,098,518
540,000
1,777,419
3,781,099
281,000
5,117,531
0
4,788,990
328,541
11,497,049
1,021,124
48,441
6,463,114
3,933,666
30,704
7,265,744
3,000,000
2,058,419
2,207,325
0
5,262,715
0
4,908,677
354,038
12,528,459
2,836,632
53,006
5,506,687
4,091,466
40,668
6,785,655
3,000,000
2,058,419
1,727,236
0
5,586,960
0
5,284,063
302,897
12,372,615
1,833,648
53,667
5,526,830
4,909,805
48,665
6,411,908
3,000,000
2,058,419
1,353,489
0
6,122,986
0
437,230
5,685,756
12,534,894
2,416,631
55,092
4,716,518
5,299,237
47,416
6,356,722
3,000,000
2,058,420
1,298,302
0
6,521,215
0
5,926,236
594,979
12,877,937
1,597,263
56,634
5,832,677
5,342,323
49,040
3,689,377
4,730,554
1,693,082
2,236,125
931,289
205,998
3,858,647
3,725,253
846,394
4,516,903
1,895,574
1,654,119
961,692
206,136
1,138,999
886,225
1,099,396
5,211,129
2,170,949
1,021,680
904,799
481,499
318,280
269,911
653,470
6,445,810
2,940,508
2,821,099
1,688,408
291,143
650,504
526,253
890,804
6,458,628
3,534,950
2,570,843
2,017,545
379,426
1,257,528
844,813
54,000
20.00%
4.56%
(36,181)
300,000
0.00%
0.00%
(19,026)
300,000
0.00%
0.00%
(122,713)
300,000
30.00%
0.00%
114,425
300,000
30.00%
0.00%
412,255
61.08%
32.40%
68.99
214.16%
5.53%
217.91%
12.20%
7.07%
2.95
296.75%
23.26%
44.65%
3.98%
2.18%
0.90
517.19%
178.39%
50.64%
8.21%
4.20%
1.75
15.50%
55.32%
22.22%
13.29%
6.56%
2.82
230.52%
44.91%
25.20%
0.09
56.22%
0.23
43.95%
0.15
44.67%
0.19
37.63%
0.12
45.29%
53.04%
112.94
57.99%
24.22
54.84%
22.62
51.15%
21.37
49.36%
21.19
-0.97%
-2.15%
21.74%
48.80%

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

213
-45.46%
PICIC Insurance Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
112,208
200,000
0
(87,792)
0
531,633
0
474,371
57,262
643,841
60,747
0
132,298
429,185
21,611
208,956
350,000
0
(141,044)
0
495,280
0
440,432
54,848
704,236
187,410
0
37,107
466,003
13,716
225,810
350,000
0
(124,190)
0
505,279
0
122,024
383,255
731,089
161,010
0
45,118
521,878
3,083
230,837
350,000
0
(119,163)
0
689,085
0
683,269
5,816
919,922
217,889
0
50,654
643,136
8,243
242,607
350,000
0
(107,393)
0
824,125
0
687,733
136,392
1,066,732
236,273
0
54,182
767,957
8,320
19,235
473,858
303,401
381,628
268,258
(97,520)
(94,195)
(93,893)
(3,296)
468,116
227,853
286,575
154,262
(18,738)
(50,417)
(53,252)
10,942
480,130
199,656
196,405
106,295
10,942
16,854
16,854
6,221
504,873
166,770
195,243
91,135
4,890
5,090
5,027
3,441
566,835
224,914
297,079
143,668
19,981
8,424
11,770
20,000
0.00%
0.00%
(37,401)
35,000
0.00%
0.00%
(118,820)
35,000
0.00%
0.00%
(56,889)
35,000
0.00%
0.00%
44,113
35,000
0.00%
0.00%
(9,543)
-83.68%
-14.58%
-4.69
124.30%
103.86%
6.34%
-25.48%
-7.56%
-1.52
153.69%
35.19%
-1.45%
7.46%
2.31%
0.48
62.13%
64.92%
5.48%
2.18%
0.55%
0.14
349.96%
97.27%
3.73%
4.85%
1.10%
0.34
231.50%
169.76%
1.53%
0.09
20.55%
0.27
5.27%
0.22
6.17%
0.24
5.51%
0.22
5.08%
17.43%
5.61
29.67%
5.97
30.89%
6.45
25.09%
6.60
22.74%
6.93
39.83%
223.13%
-337.54%
877.52%

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

214
-81.08%
Premier Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,846,206
199,488
1,020,025
626,693
0
1,096,991
0
814,940
282,051
2,943,197
234,929
3,826
1,560,824
921,059
222,559
1,768,874
239,385
1,420,025
109,464
0
932,492
0
647,483
285,009
2,701,366
885,314
3,118
632,744
984,296
195,894
1,774,340
263,323
1,270,025
240,992
0
1,014,379
0
649,875
364,504
2,788,719
220,578
2,412
1,302,087
1,067,030
196,612
1,842,658
302,821
1,270,025
269,812
0
1,258,622
0
843,830
414,792
3,101,280
153,847
1,706
1,399,216
1,293,978
252,533
1,838,009
302,821
1,345,025
190,163
0
1,463,640
0
1,005,827
457,813
3,301,649
186,633
1,000
1,346,206
1,515,190
252,620
542,582
551,699
346,832
446,721
194,367
22,732
495,685
474,939
185,627
577,114
295,834
0
138,807
8,393
(44,911)
(37,435)
222,181
620,729
335,456
367,395
149,398
20,952
79,653
53,343
158,638
728,833
376,719
411,069
168,204
16,882
141,746
120,983
143,448
893,245
462,416
610,838
218,828
4,949
90,009
71,056
39,897
20.00%
20.00%
(24,078)
47,876
20.00%
10.00%
(171,407)
52,665
20.00%
15.00%
(56,802)
60,564
25.00%
15.00%
(48,672)
60,564
20.00%
0.00%
(92,662)
25.73%
16.14%
11.90
182.43%
4.79%
156.44%
-2.12%
-1.39%
-0.78
-22.42%
62.75%
3.01%
1.91%
1.01
176.89%
39.28%
66.23%
6.57%
3.90%
2.00
205.28%
13.95%
42.11%
3.87%
2.15%
1.17
164.66%
6.96%
31.02%
0.08
53.03%
0.33
23.42%
0.08
46.69%
0.05
45.12%
0.06
40.77%
62.73%
46.27
65.48%
36.95
63.63%
33.69
59.42%
30.42
55.67%
30.35
-5.07%
457.88%
-106.48%

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

215
-40.23%
-130.41%
Reliance Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
314,717
176,225
67,605
70,887
0
398,014
0
338,203
59,811
712,731
94,953
940
270,416
275,909
70,513
355,226
229,092
85,105
41,029
0
583,496
0
532,062
51,434
938,722
85,033
965
285,858
495,355
71,511
322,582
252,002
92,605
(22,025)
0
581,766
0
498,766
83,000
904,348
63,046
1,061
282,690
493,071
64,480
374,517
252,002
87,500
35,015
0
528,942
0
457,421
71,521
903,459
57,541
756
284,605
495,898
64,659
450,561
318,940
90,000
41,621
0
593,506
0
494,137
99,369
1,044,067
79,824
922
341,674
560,732
60,915
43,234
632,160
395,811
310,753
156,971
58,526
88,346
70,746
18,263
650,698
445,543
458,356
208,358
48,173
52,260
40,510
53,862
517,474
326,555
260,579
227,456
(51,986)
(30,994)
(32,644)
54,861
503,427
267,920
233,442
96,430
31,930
56,684
51,934
94,085
553,815
238,706
224,614
86,322
15,244
82,544
76,044
17,622
0.00%
30.00%
29,875
22,909
0.00%
10.00%
(13,817)
25,200
0.00%
10.00%
(91,355)
25,200
0.00%
12.50%
(58,624)
31,894
8.00%
12.50%
(6,862)
22.48%
9.93%
4.01
108.83%
82.73%
10.92%
11.40%
4.32%
1.77
116.08%
118.92%
4.10%
-10.12%
-3.61%
-1.30
191.41%
159.25%
16.49%
13.87%
5.75%
2.06
195.95%
61.48%
20.48%
16.88%
7.28%
2.38
219.99%
20.05%
39.41%
0.13
37.94%
0.09
30.45%
0.07
31.26%
0.06
31.50%
0.08
32.73%
44.16%
17.86
37.84%
15.51
35.67%
12.80
41.45%
14.86
43.15%
14.13
279.85%
-112.88%
-9.02%

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

42.23%
216
-34.11%
Saudi Pak Insurance Company Ltd

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2007
2008
2009
185,615
250,000
0
(64,385)
0
413,130
0
393,704
19,426
598,745
118,284
0
77,091
367,901
35,469
200,731
325,000
0
(124,269)
0
433,973
0
401,258
32,715
634,704
99,822
0
78,613
417,997
38,272
200,869
325,000
0
(124,131)
0
321,830
0
299,819
22,011
522,699
32,389
672
100,488
357,867
31,283
21,387
274,673
141,983
366,729
114,086
38,796
(28,979)
(29,820)
(12,596)
283,451
145,286
308,650
(103,300)
(44,632)
(59,884)
(59,884)
25,000
0.00%
0.00%
(1,582)
2011
(Thousand Rupees)
2010
2011
158,141
325,000
232,079
11,747
401,967
50,676
872
77,633
247,210
25,576
182,544
325,000
0
(142,456)
0
246,329
0
221,356
24,973
428,873
62,986
347
82,342
250,723
32,475
10,793
267,730
124,851
144,837
69,939
(8,221)
1,472
847
3,463
202,260
82,071
120,340
69,765
(41,545)
(41,543)
(42,728)
7,453
199,712
93,468
58,676
16,427
21,020
25,338
24,403
32,500
0.00%
0.00%
(78,530)
32,500
0.00%
0.00%
(66,841)
32,500
(27,744)
32,500
0.00%
0.00%
22,208
-16.07%
-4.98%
-1.19
107.36%
-130.10%
15.06%
-29.83%
-9.43%
-1.84
130.00%
74.53%
-8.67%
0.42%
0.16%
0.03
207.00%
-970.60%
8.64%
-27.02%
-10.63%
-1.31
192.85%
97.23%
4.22%
13.37%
5.69%
0.75
377.25%
86.14%
7.97%
0.20
12.88%
0.16
12.39%
0.06
19.22%
0.13
19.31%
0.15
19.20%
31.00%
7.42
31.63%
6.18
38.43%
6.18
39.34%
4.87
42.56%
5.62
5.31%
131.14%
64.93%
91.01%
(166,859)
243,826

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

217
-7,891.50%
Security General Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
6,526,241
226,875
2,000
6,297,366
0
799,187
0
159,361
639,826
7,325,428
71,163
0
6,969,086
205,900
79,279
6,532,722
680,625
2,000
5,850,097
0
1,245,712
0
249,024
996,688
7,778,434
119,780
0
7,225,334
353,047
80,273
6,711,035
680,625
2,000
6,028,410
0
992,095
0
304,077
688,018
7,703,130
45,065
0
7,116,566
455,751
85,748
6,948,568
680,625
2,000
6,265,943
0
1,004,648
0
376,546
628,102
7,953,216
42,541
0
7,295,085
530,285
85,305
7,133,710
680,625
2,000
6,451,085
0
787,469
0
428,976
358,493
7,921,179
56,740
0
7,211,211
565,889
87,339
6,329,299
180,821
43,293
102,071
17,137
26,912
6,258,163
6,262,358
297,564
210,871
69,327
125,767
16,750
41,819
158,589
153,949
446,250
306,795
120,201
66,835
31,282
47,155
329,473
314,439
496,436
306,795
127,007
66,835
34,909
50,465
410,754
373,657
508,665
435,692
155,379
144,095
52,709
47,583
457,157
389,330
652,624
10.00%
10.00%
(15,475)
653,272
10.00%
0.00%
(55,301)
653,272
10.00%
0.00%
(17,521)
68,063
0.00%
0.00%
(107,591)
68,063
30.00%
0.00%
(138,729)
95.96%
85.49%
9.60
156.13%
0.43%
14,619.68%
2.36%
1.98%
0.24
198.00%
27.16%
429.22%
4.69%
4.08%
0.48
454.97%
15.00%
371.25%
5.38%
4.70%
5.49
563.40%
13.51%
390.87%
5.46%
4.92%
5.72
297.70%
12.22%
327.37%
0.01
95.14%
0.02
92.89%
0.01
92.39%
0.01
91.72%
0.01
91.04%
89.09%
10.00
83.99%
10.00
87.12%
10.27
87.37%
102.09
90.06%
104.81

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

-0.25%
218
-35.92%
-5.57%
-28.79%
-35.63%
Shaheen Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
279,540
175,000
20,000
84,540
0
592,176
0
524,735
67,441
871,716
235,861
693
234,104
361,636
39,422
207,787
175,000
20,000
12,787
0
547,455
0
490,031
57,424
755,242
166,841
1,406
181,534
352,515
52,946
225,253
200,000
20,000
5,253
0
504,417
0
645,674
(141,257)
729,670
132,727
1,390
182,609
361,726
51,218
196,220
200,000
20,000
(23,780)
0
521,486
0
437,230
84,256
717,706
136,970
2,137
160,273
357,835
60,491
265,465
250,000
20,000
(4,535)
0
567,056
0
475,708
91,348
832,521
26,324
2,774
81,085
538,027
184,311
83,774
746,419
570,800
467,875
369,997
34,744
63,061
60,207
(64,649)
701,245
575,732
478,080
333,832
66,392
(63,847)
(71,753)
100,650
645,743
481,636
391,264
267,997
49,155
21,002
17,466
16,671
542,760
417,389
343,555
263,041
20,267
(23,476)
(29,033)
11,654
606,867
482,963
332,393
247,643
83,566
25,199
19,245
17,500
0.00%
0.00%
(8,233)
17,500
0.00%
0.00%
(30,912)
20,000
0.00%
0.00%
(73,685)
20,000
0.00%
0.00%
(30,241)
25,000
0.00%
25.00%
(120,351)
21.54%
6.91%
3.44
112.15%
57.71%
14.68%
-34.53%
-9.50%
-4.10
102.50%
-92.53%
-11.23%
7.75%
2.39%
0.87
165.02%
281.43%
20.90%
-14.80%
-4.05%
-1.45
127.27%
-69.81%
3.99%
7.25%
2.31%
0.77
143.12%
434.22%
2.41%
0.27
26.86%
0.22
24.04%
0.18
25.03%
0.19
22.33%
0.03
9.74%
32.07%
15.97
27.51%
11.87
30.87%
11.26
27.34%
9.81
31.89%
10.62
43.08%
-421.88%
104.16%
-625.36%

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

-13.67%
219
Silver Star Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
245,980
125,000
89,715
31,265
37,281
156,353
0
116,342
40,011
439,614
211,517
4,422
44,948
100,229
78,498
320,987
168,750
42,203
110,034
37,049
178,201
0
2,320
175,881
536,237
279,284
5,439
51,942
107,716
91,856
355,281
210,938
52,750
91,593
36,829
191,942
0
3,934
188,008
584,052
315,872
8,167
42,692
120,297
97,024
392,780
253,125
63,350
76,305
60,620
293,029
0
437,230
(144,201)
746,429
328,766
6,697
47,614
218,491
144,861
441,457
305,648
76,500
59,309
60,397
335,209
0
216,201
119,008
837,063
324,146
3,774
76,894
283,866
148,383
13,240
191,985
120,026
54,428
25,476
75,377
77,798
70,173
12,149
0
139,661
0
16,044
84,270
82,292
(7,517)
19,549
220,984
147,869
72,052
28,462
58,972
38,698
(4,625)
8,997
231,572
154,114
119,445
40,909
50,892
38,733
37,291
3,493
278,545
188,429
97,102
33,999
69,821
48,137
48,454
12,500
0.00%
35.00%
87,004
16,000
0.00%
0.00%
84,772
21,094
0.00%
0.00%
45,454
25,313
15.00%
0.00%
27,674
30,565
25.00%
10.00%
45,396
28.53%
15.96%
5.61
213.75%
107.42%
11.03%
-2.34%
-1.40%
-0.47
-1,121.06%
8.70%
-1.30%
-0.79%
-0.22
5.46%
-1,275.07%
13.22%
9.49%
5.00%
1.47
366.05%
136.47%
5.84%
10.98%
5.79%
1.59
222.65%
144.10%
1.85%
0.48
10.22%
0.52
9.69%
0.54
7.31%
0.44
6.38%
0.39
9.19%
55.95%
19.68
59.86%
20.06
60.83%
16.84
52.62%
15.52
52.74%
14.44
-982.79%
74.21%
93.69%

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

123.99%
220
-1,127.74%
The Asian Mutual Insurance Co. Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
819
0
2,831
(2,012)
8,395
2,074
0
1,108
966
11,288
65
0
9,760
1,380
83
1,234
0
2,831
(1,597)
8,395
2,971
0
1,576
1,395
12,600
286
0
10,160
2,066
88
0
2,545
1,163
0
0
184
(457)
(468)
0
2,545
2,236
8
8
1,055
439
414
0
0.00%
0.00%
(113)
0
0.00%
0.00%
718
-57.14%
-4.15%
-39.32%
0.00%
19,700.00%
254.83%
0.00%
0.01
86.46%
0.02
80.63%
7.26%
9.79%
24.15%
173.43%

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend

33.55%
3.29%
G.Liquidity ratios

I.Cash flow ratio

221
The Cooperative Insurance Society of Pakistan Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
312,139
300,000
6,975
5,164
618,063
7,093
0
5,805
1,288
937,295
12,211
0
5,018
2,504
917,562
313,884
300,000
7,411
6,473
617,268
5,086
0
3,615
1,471
936,238
12,153
0
5,508
2,037
916,540
2,506
6,142
9,018
119
2,314
(3,468)
1,644
736
2,908
6,142
5,247
119
(44)
(3,112)
2,306
1,746
30,000
0.00%
0.00%
(5,285)
30,000
0.00%
0.00%
(5,720)
0.24%
0.08%
0.02
4,878.15%
-471.20%
27.79%
0.56%
0.19%
0.06
3,037.82%
-178.24%
55.42%
0.01
0.54%
0.01
0.59%
33.30%
10.40
33.53%
10.46
-718.07%
-327.61%

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

222
The Crescent Star Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2007
2008
2009
123,177
96,800
26,265
112
9,889
177,732
0
156,684
21,048
310,798
61,741
0
49,377
171,654
28,026
109,648
121,000
26,265
(37,617)
0
177,051
0
146,663
30,388
286,699
27,915
0
70,863
161,052
26,869
79,165
121,000
26,265
(68,100)
21,108
137,504
19,393
197,210
170,281
130,299
86,993
12,061
26,086
24,036
(9,011)
0
140,800
0
62,822
10,612
(37,399)
(37,729)
(25,009)
9,680
25.00%
0.00%
(5,921)
12,100
0.00%
0.00%
(12,741)
(17,950)
19.51%
7.73%
2.48
120.25%
50.18%
11.39%
-34.41%
-13.16%
-3.12
-38.51%
-12.82%
-2.52
0.20
15.89%
0.10
24.72%
39.63%
12.72
2011
(Thousand Rupees)
2010
2011
82,909
121,000
26,265
(64,356)
21,108
110,589
0
100,982
9,607
214,606
15,068
0
29,739
128,110
41,689
84,336
121,000
26,264
(62,928)
21,108
96,934
0
89,281
7,653
202,378
10,457
0
24,106
126,126
41,689
1,911
117,441
74,157
35,025
21,095
25,835
4,605
3,744
396
93,893
60,230
39,349
18,372
15,562
2,220
1,427
12,100
0.00%
0.00%
(9,045)
12,100
0.00%
0.00%
(9,704)
4.52%
1.74%
0.31
288.31%
690.04%
2.58%
1.69%
0.71%
0.12
226.90%
1,090.54%
0.66%
0.08
14.81%
0.07
13.86%
0.05
11.91%
38.24%
9.06
33.29%
6.54
38.63%
6.85
41.67%
6.97
33.77%
58.89%
-241.59%
-680.03%
107,219
30,285
237,777
18,062
35,220
139,247
45,248

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
105,364
34,476
26,139
(43,379)
(30,483)
E.Other items
2.Cash dividend
12,100

-28.13%
-6.40%
-85.75%
-23.74%
G.Liquidity ratios

I.Cash flow ratio

-24.63%
223
The Pakistan General Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
275,041
200,000
65,000
10,041
9,175
224,782
0
134,535
90,247
508,998
47,979
99
174,496
191,489
94,935
362,066
200,000
55,000
107,066
6,810
175,891
0
123,540
52,351
544,767
138,214
106
170,044
141,172
95,231
351,640
250,000
105,000
(3,360)
11,072
231,474
0
158,302
73,172
594,186
90,857
181
252,578
161,809
88,761
404,367
300,000
100,000
4,367
10,743
290,868
0
239,603
51,265
705,978
118,604
193
181,812
323,123
82,246
(1,346,842)
0
91,863
0
20,574
51,080
25,405
22,269
8,361,941
219,395
109,891
122,925
29,170
54,970
105,448
84,659
9,263
261,643
110,546
181,579
68,862
21,239
(1,658)
4,826
8,319
345,416
142,680
217,510
65,955
48,400
33,123
52,398
20,000
0.00%
0.00%
25,129
20,000
0.00%
0.00%
15,677
25,000
0.00%
5.00%
33,763
30,000
5.00%
8.00%
(55,599)
8.10%
4.38%
1.11
229.38%
-1,466.14%
23.38%
15.54%
4.23
100.50%
64.93%
7,609.30%
1.37%
0.81%
0.19
87.18%
440.10%
8.38%
12.96%
7.42%
1.75
110.16%
92.37%
5.83%
0.09
34.28%
0.25
31.21%
0.15
42.51%
0.17
25.75%
54.04%
13.75
66.46%
18.10
59.18%
14.07
57.28%
13.48
112.84%
18.52%
699.61%
-106.11%

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

224
TPL Direct Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
193,762
310,000
0
(116,238)
0
368,771
0
264,347
104,424
562,533
5,099
503
29,848
247,234
279,849
364,200
452,313
0
(88,113)
0
408,640
0
314,761
93,879
772,840
22,665
769
159,056
330,243
260,107
3,978
409,416
331,294
198,477
141,860
19,117
(14,052)
(19,756)
8,521
513,332
453,632
246,669
171,289
76,656
41,499
28,125
31,000
0.00%
0.00%
44,560
45,231
5.00%
0.00%
73,349
-10.20%
-3.51%
-0.64
133.19%
-96.77%
1.20%
7.72%
3.64%
0.62
127.60%
272.55%
1.88%
0.01
5.31%
0.03
20.58%
34.44%
6.25
47.12%
8.05
-225.55%
260.80%

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

225
UBL Insurers Ltd

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
154,499
300,000
(145,501)
0
0
548,705
0
472,945
75,760
703,204
23,383
219,169
281,815
123,935
54,902
154,424
300,000
0
(145,576)
0
648,038
0
536,163
111,875
802,462
24,738
1,418
114,723
579,407
82,176
226,845
500,000
0
(273,155)
0
615,718
0
551,215
64,503
842,563
18,989
1,473
204,999
551,624
65,478
500,128
800,000
0
(299,872)
0
583,126
0
437,230
145,896
1,083,254
27,389
795
378,957
629,648
46,465
628,054
800,000
0
(171,946)
0
722,153
0
641,084
81,069
1,350,207
14,773
961
513,791
785,886
34,796
25,605
373,298
88,563
236,376
80,030
120,933
129,409
129,980
3,965
522,905
273,616
299,443
145,589
96,816
0
(75)
1,920
579,037
264,807
481,742
234,206
(44,409)
(126,278)
(127,579)
28,768
624,604
238,765
459,886
165,537
26,666
(17,644)
(20,945)
70,920
644,728
252,755
446,328
165,569
33,354
33,347
127,926
30,000
0.00%
0.00%
22,497
30,000
0.00%
0.00%
(129,185)
50,000
0.00%
0.00%
(122,447)
80,000
0.00%
0.00%
(141,987)
80,000
0.00%
0.00%
54,098
84.13%
18.48%
4.33
200.08%
93.04%
28.91%
-0.05%
-0.01%
0.00
179.05%
-129,088.00%
1.45%
-56.24%
-15.14%
-2.55
114.42%
34.81%
0.73%
-4.19%
-1.93%
-0.26
95.07%
-127.31%
12.05%
20.37%
9.47%
1.60
143.64%
26.07%
28.06%
0.03
40.08%
0.03
14.30%
0.02
24.33%
0.03
34.98%
0.01
38.05%
21.97%
5.15
19.24%
5.15
26.92%
4.54
46.17%
6.25
46.52%
7.85
17.31%
172,246.67%
95.98%
677.90%
42.29%

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

226
Union Insurance Company of Pakistan Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
46,507
81,600
7,463
(42,556)
54
10,982
0
7,583
3,399
57,543
8,462
0
1,126
13,250
34,705
42,431
81,600
7,463
(46,632)
54
9,538
0
6,655
2,883
52,023
5,692
0
1,126
13,165
32,040
100
0
0
0
(2,123)
1,483
(6,160)
(6,160)
265
0
0
0
0
0
(4,076)
(4,076)
8,160
0.00%
0.00%
(2,605)
8,160
0.00%
0.00%
(3,120)
-13.25%
-10.71%
-0.75
-9.61%
-7.83%
-0.50

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend

-24.07%
0.00%
0.15
1.96%
0.11
2.16%
80.82%
5.70
81.56%
5.20
42.29%
76.55%
G.Liquidity ratios

I.Cash flow ratio

227
United Insurance Company of Pakistan Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
427,850
252,006
75,116
100,728
1,639
352,772
0
191,009
161,763
782,261
191,199
1,254
58,461
315,797
215,550
483,845
302,407
75,115
106,323
1,557
359,251
0
208,044
151,207
844,653
206,770
1,631
84,474
328,270
223,508
548,344
345,000
75,116
128,228
1,479
468,499
0
294,799
173,700
1,018,322
218,843
1,664
96,537
393,835
307,443
666,806
400,200
75,116
191,490
1,405
569,915
0
359,407
210,508
1,238,126
251,676
3,621
135,995
424,740
422,094
764,809
496,248
75,116
193,445
1,335
678,628
0
509,969
168,659
1,444,772
271,519
5,975
137,638
676,760
352,880
480
501,348
312,658
188,834
83,271
178,531
108,080
100,346
1,662
550,323
356,523
204,880
102,975
168,587
58,223
55,913
10,824
638,266
423,731
239,503
121,560
205,471
72,792
64,421
21,023
806,253
550,559
349,167
175,550
277,226
133,537
118,387
18,085
923,785
643,736
413,269
262,777
259,222
114,473
97,933
25,200
0.00%
20.00%
93,042
30,240
0.00%
14.08%
88,705
34,500
0.00%
0.00%
134,972
40,020
0.00%
24.00%
151,854
49,625
0.00%
15.00%
173,974
23.45%
12.83%
3.98
101.15%
177.92%
0.15%
11.56%
6.62%
1.85
101.54%
301.52%
0.47%
11.75%
6.33%
1.87
123.09%
318.95%
2.55%
17.75%
9.56%
2.96
102.93%
234.17%
3.82%
12.80%
6.78%
1.97
123.40%
264.69%
2.81%
0.24
7.47%
0.24
10.00%
0.21
9.48%
0.20
10.98%
0.19
9.53%
54.69%
16.98
57.28%
16.00
53.85%
15.89
53.86%
16.66
52.94%
15.41
92.72%
158.65%
209.52%
128.27%
177.65%

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

228
Universal Insurance Company Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
235,606
120,000
18,072
97,534
0
552,122
0
492,244
59,878
787,728
143,232
88,620
0
453,472
102,404
256,914
210,000
14,368
32,546
0
598,817
0
119,646
479,171
855,731
151,974
554
84,172
505,304
113,727
265,093
210,000
10,614
44,479
120,326
618,599
0
131,000
487,599
1,004,018
158,900
773
54,757
553,047
236,541
232,997
262,500
14,127
(43,630)
211,373
660,217
0
567,722
92,495
1,104,587
88,309
643
160,175
608,409
247,051
207,765
300,000
14,249
(106,484)
230,544
630,863
0
513,322
117,541
1,069,172
129,652
1,096
135,201
546,617
256,606
15,067
550,254
371,535
319,513
187,049
28,179
70,107
57,341
(1,531)
0
407,075
0
196,970
95,869
34,238
21,062
16,320
556,737
360,799
293,790
181,590
57,840
11,933
8,850
8,172
512,126
328,663
355,874
177,037
(17,243)
(103,433)
(86,485)
6,180
483,551
292,305
214,718
143,400
(2,023)
(110,583)
(64,808)
12,000
0.00%
0.40%
(67,539)
21,000
0.00%
0.00%
(140,275)
21,000
0.00%
0.00%
(167,136)
26,250
0.00%
0.00%
(101,480)
30,000
0.00%
0.00%
(26,286)
24.34%
7.28%
4.78
154.06%
49.14%
4.06%
8.20%
2.46%
1.00
455.18%
-0.38%
3.34%
0.88%
0.42
44.59%
653.56%
4.52%
-37.12%
-7.83%
-3.29
159.53%
19.94%
2.49%
-31.19%
-6.06%
-2.16
239.07%
3.12%
2.11%
0.18
0.00%
0.18
9.84%
0.16
5.45%
0.08
14.50%
0.12
12.65%
29.91%
19.63
30.02%
12.23
26.40%
12.62
21.09%
8.88
19.43%
6.93
-117.78%
-666.01%
117.34%
40.56%

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

229
-1,888.54%
Takaful Companies - Overall

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
1,206,788
1,309,472
(40,779)
(61,905)
4,322
322,698
28,118
208,335
86,245
1,533,808
787,811
0
370,054
243,222
132,721
1,821,033
2,140,771
0
(319,738)
(7,429)
866,961
199,151
367,308
300,502
2,680,565
718,282
0
1,072,117
608,487
281,679
1,982,352
2,290,772
0
(308,420)
(7,430)
946,861
43,741
497,859
405,261
2,921,783
873,776
0
1,025,765
702,599
319,643
1,601,935
2,366,653
46,713
(811,431)
(7,429)
1,746,964
681,660
1,022,476
42,828
3,341,470
1,036,205
0
1,089,272
930,545
285,448
1,606,105
2,468,429
89,609
(951,933)
(10,090)
2,963,189
1,618,558
945,447
399,184
4,559,204
1,635,326
0
1,481,268
1,207,438
235,172
28,293
330,367
120,630
253,283
175,378
(64,168)
22,850
(56,403)
91,662
586,031
1,035,041
522,621
589,898
238,563
(133,126)
(118,028)
73,881
1,004,939
755,305
764,849
541,915
109,957
(255,378)
(118,974)
144,358
1,932,885
756,281
708,682
575,022
(118,275)
(230,434)
(142,654)
178,641
2,953,964
994,129
890,373
572,542
(46,026)
(57,506)
(44,412)
130,947
214,077
229,077
236,665
246,843
N/A
N/A
(88,707)
N/A
N/A
(171,636)
N/A
N/A
(367,162)
N/A
N/A
11,688
N/A
N/A
693,636
-4.67%
-3.68%
-0.43
82.25%
113.77%
23.45%
-6.48%
-4.40%
-0.55
70.28%
-202.12%
8.86%
-6.00%
-4.07%
-0.52
65.09%
-92.42%
9.78%
-8.91%
-4.27%
-0.60
144.28%
82.91%
19.09%
-2.77%
-0.97%
-0.18
106.19%
103.63%
17.97%
0.51
24.13%
0.27
40.00%
0.30
35.11%
0.31
32.60%
0.36
32.49%
78.68%
9.22
67.93%
8.51
67.85%
8.65
47.94%
6.77
35.23%
6.51
157.27%
145.42%
308.61%
-8.19%

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

230
-1,561.82%
Dawood Family Takaful Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
751,012
750,000
0
1,012
(10,090)
33,054
11,434
1,665
19,955
773,976
114,625
0
543,823
88,407
27,121
718,407
750,000
0
(31,593)
(10,090)
63,757
24,342
15,917
23,498
772,074
132,123
0
451,454
115,008
73,489
652,846
750,000
0
(97,154)
(10,090)
175,373
97,413
76,834
1,126
818,129
163,787
0
393,943
176,361
84,038
562,470
750,000
0
(187,530)
(10,090)
321,224
205,169
32,217
83,838
873,604
244,821
0
333,157
241,453
54,173
43,383
34,017
0
100,000
100,000
0
10,757
5,104
55,689
49,823
0
7,079
2,228
0
(42,834)
(32,605)
47,452
203,653
129,975
19,716
5,287
0
(105,270)
(65,561)
29,865
326,254
203,715
20,949
6,323
0
(115,532)
(90,376)
75,000
0.00%
0.00%
(106,316)
75,000
0.00%
0.00%
(87,079)
75,000
0.00%
0.00%
(46,413)
75,000
0.00%
0.00%
(18,495)
0.68%
0.66%
0.07
1.67%
0.00%
-4.54%
-4.22%
-0.43
224.85%
0.00%
-10.04%
-8.01%
-0.87
389.70%
0.00%
36.51%
-16.07%
-10.35%
-1.21
153.79%
0.00%
14.66%
0.15
70.26%
0.17
58.47%
0.20
48.15%
0.28
38.14%
97.03%
10.01
93.05%
9.58
79.80%
8.70
64.39%
7.50
267.07%
70.79%
20.46%

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

231
-2,082.99%
Pak Kuwait Takaful Company Ltd

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
225,856
250,000
0
(24,144)
0
183,233
36,424
126,785
20,024
409,089
219,491
0
33,631
114,353
41,614
227,563
250,000
0
(22,437)
0
121,358
(1,544)
101,378
21,524
348,921
142,024
0
42,591
130,034
34,272
387,714
400,000
0
(12,286)
0
141,046
(41,204)
141,933
40,317
528,760
270,181
0
42,461
180,176
35,942
189,529
400,000
46,713
(257,184)
0
417,185
0
323,033
94,152
606,714
277,407
0
54,646
240,928
33,733
199,730
400,000
89,609
(289,879)
0
481,307
0
366,979
114,328
681,037
257,599
0
56,871
336,960
29,607
3,288
260,222
106,340
216,074
158,065
(52,605)
2,646
1,345
558
222,456
143,043
220,097
197,353
(60,173)
1,707
1,707
610
256,734
159,952
219,145
197,534
68,370
12,345
10,151
1,904
322,967
239,644
250,424
229,144
(67,902)
64,352
59,000
1,499
410,924
266,026
305,855
225,946
(39,914)
49,318
42,895
25,000
0.00%
0.00%
4,491
25,000
0.00%
0.00%
(80,188)
40,000
0.00%
0.00%
29,175
40,000
0.00%
0.00%
(13,192)
40,000
0.00%
0.00%
(51,536)
0.60%
0.33%
0.05
58.68%
-3,911.15%
3.09%
0.75%
0.49%
0.07
46.06%
-3,525.07%
0.39%
2.62%
1.92%
0.25
64.77%
673.53%
0.38%
31.13%
9.72%
1.48
128.99%
-115.09%
0.79%
21.48%
6.30%
1.07
119.98%
-93.05%
0.56%
0.54
8.22%
0.41
12.21%
0.51
8.03%
0.46
9.01%
0.38
8.35%
55.21%
9.03
65.22%
9.10
73.33%
9.69
31.24%
4.74
29.33%
4.99

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

333.90%
232
-4,697.60%
287.41%
-22.36%
-120.14%
Pak Qatar Family Takaful Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
424,320
451,672
0
(27,352)
1,661
11,307
1,595
176
9,536
437,288
208,641
0
179,278
9,276
40,093
367,095
532,971
0
(165,876)
0
293,332
226,212
65,459
1,661
660,427
81,268
0
285,428
157,717
136,014
431,155
532,972
0
(101,817)
0
122,170
64,110
56,399
1,661
553,325
84,327
0
255,437
99,415
114,146
362,279
608,853
0
(246,574)
0
715,126
575,702
136,034
3,390
1,077,405
349,256
0
406,802
219,453
101,894
434,160
710,629
0
(276,469)
0
1,637,879
1,400,522
181,681
55,676
2,072,039
811,894
0
902,195
268,745
89,205
9,868
1,267
1,095
0
0
1,095
(21,420)
(21,426)
40,563
121,740
456,177
86,295
37,885
233,279
(105,262)
(62,330)
8,478
26,838
125,102
25,534
21,820
74,195
(115,278)
(72,365)
17,636
1,043,143
152,300
158,833
100,580
0
(105,771)
(72,027)
23,435
1,865,386
272,569
262,391
130,547
0
(4,373)
(9,395)
45,167
0.00%
0.00%
(30,644)
53,297
0.00%
0.00%
16,442
53,297
0.00%
0.00%
(63,071)
60,885
0.00%
0.00%
304,614
71,063
0.00%
0.00%
780,441
-5.11%
901.19%
-16.98%
-9.44%
-1.17
75.85%
-374.26%
8.89%
-16.78%
-13.08%
-1.36
220.88%
-102.53%
6.78%
-19.88%
-6.69%
-1.18
85.65%
0.00%
11.58%
-2.16%
-0.45%
-0.13
69.24%
0.00%
8.60%
0.48
41.00%
0.12
43.22%
0.15
46.16%
0.32
37.76%
0.39
43.54%
97.03%
9.39
55.58%
6.89
77.92%
8.09
33.63%
5.95
20.95%
6.11
87.16%
-422.92%

1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
E.Other items
2.Cash dividend

-5.05%
-4.90%
-0.47

G.Liquidity ratios

I.Cash flow ratio

143.02%
233
-26.38%
-8,306.98%
Pak Qatar General Takaful Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
297,391
307,800
0
(10,409)
2,661
3,559
28
347
3,184
303,611
177,469
0
106,259
5,773
14,110
278,576
307,800
0
(29,224)
2,661
63,023
0
40,718
22,305
344,260
135,543
0
122,485
53,313
32,919
279,094
307,800
0
(28,706)
2,660
112,824
0
117,779
(4,955)
394,578
30,164
0
221,674
90,283
52,457
266,740
307,800
0
(41,060)
2,661
105,971
0
49,345
56,626
375,372
14,316
0
184,810
140,453
35,793
275,297
307,800
0
(32,503)
0
168,325
0
145,932
22,393
443,622
81,817
0
131,274
188,142
42,389
14,805
1,621
(1,528)
399
399
(1,930)
(5,660)
(5,668)
3,965
0
273,616
0
145,589
96,816
0
(75)
1,920
579,037
264,807
481,742
234,206
(44,409)
(126,278)
(1,301)
75,803
141,503
87,425
162,401
137,620
0
(43,694)
(28,625)
121,756
171,214
103,051
187,398
136,142
0
11,247
8,557
30,780
0.00%
0.00%
(43,132)
30,780
0.00%
0.00%
(129,185)
30,780
0.00%
0.00%
(122,446)
30,780
0.00%
0.00%
(77,219)
30,780
0.00%
0.00%
(7,893)
-1.91%
-1.87%
-0.18
86.97%
34.05%
-968.91%
-0.03%
-0.02%
0.00
-129,088.00%
1.45%
-0.47%
-0.33%
-0.04
24.45%
3,413.45%
0.73%
-10.73%
-7.63%
-0.93
30.38%
0.00%
86.71%
3.11%
1.93%
0.28
77.87%
0.00%
118.15%
0.58
35.00%
0.39
35.58%
0.08
56.18%
0.04
49.23%
0.18
29.59%
97.95%
9.66
80.92%
9.05
70.73%
9.07
71.06%
8.67
62.06%
8.94
760.97%
172,246.67%
9,411.68%
269.76%

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

234
-92.24%
Takaful Pakistan Ltd.

Items
1.Share capital
2.Reserves
4.Others


5.Fixed assets
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
259,221
300,000
(40,779)
0
0
124,599
(9,929)
81,027
53,501
383,820
182,210
0
50,886
113,820
36,904
196,787
300,000
0
(103,213)
0
356,194
(36,951)
158,088
235,057
552,981
244,822
0
77,790
179,016
51,353
165,982
300,000
0
(134,018)
0
507,064
(3,507)
165,831
344,740
673,046
356,981
0
54,739
217,717
43,609
130,541
300,000
0
(169,459)
0
333,309
8,545
437,230
(112,466)
463,850
231,439
0
49,071
153,350
29,990
134,448
300,000
0
(165,552)
0
354,454
12,867
218,638
122,949
488,902
239,195
0
57,771
172,138
19,798
332
67,257
14,723
36,810
16,914
(10,728)
47,284
(30,654)
3,193
207,818
162,205
116,229
109,071
(31,359)
(40,328)
(62,434)
7,184
92,507
205,444
31,349
86,127
11,801
16,667
(22,854)
1,563
221,619
146,937
117,308
102,391
(50,373)
(40,051)
(35,441)
2,086
180,186
148,768
113,780
73,584
(6,112)
1,834
3,907
30,000
0.00%
0.00%
(19,422)
30,000
0.00%
0.00%
127,611
30,000
0.00%
0.00%
(123,741)
30,000
0.00%
0.00%
(156,102)
30,000
0.00%
0.00%
(8,881)
-11.83%
-7.99%
-1.02
220.12%
35.00%
2.25%
-31.73%
-11.29%
-2.08
136.01%
50.23%
1.97%
-13.77%
-3.40%
-0.76
528.98%
-51.64%
3.50%
-27.15%
-7.64%
-1.18
372.72%
142.13%
1.06%
2.91%
0.80%
0.13
192.16%
-156.44%
1.40%
0.47
13.26%
0.44
14.07%
0.53
8.13%
0.50
10.58%
0.49
11.82%
67.54%
8.64
35.59%
6.56
24.66%
5.53
28.14%
4.35
27.50%
4.48
63.36%
-204.39%
541.44%
440.46%
-227.31%

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

235
2011
HOUSING FINANCE
In the housing finance sector, there have been two companies available, i.e., Asian Housing Finance
Limited and House Building Finance Corporation (HBFC). Total assets witnessed an increase of 1.7
percent to stand at Rs 19.6 billion in FY11 as compared to Rs. 19.2 billion in FY10. House Building
Finance Corporation (HBFC) showed a profit before taxation of about Rs.169.0 billion.

Total equity increased from Rs 2.2
FY11, however share capital remains
25.0
20.0
15.0
10.0
5.0
0.0
Billion Rs.
billion in FY10 to Rs 2.3 billion in

same at 3.1 billion during the current
two years under review. Total assets
slightly increased
from Rs. 19.2
5%
2%
billion in FY 10 to Rs. 19.6 billion in
0%
Total
Liabilitie
s
Total
Equity
FY11, showing a growth of 1.7
Total
Assets
percent over last year. Current assets
FY 10
2.2
17.1
19.2
contribute almost 99.2 percent of
FY 11
2.3
17.1
19.6
Growth
5%
0%
2%
total assets in FY11.
6%
5%
4%
3%
2%
1%
0%
Total liabilities almost remained same at Rs. 17.1 billion during the current two years under review.

Gross
revenue
FY 10
increased from Rs 1.6
20,000
billion in FY10 to Rs
showing an increase of
around 25.8 % over
prvious
year.
House
Building
Finance
Corporation
(HBFC)
15,000
Million Rs.
2.0 billion in FY11
FY 11
10,000
5,000
0
Current
Assets
showed a profit before taxation of Rs.169.0 billion.
236
Non-Current
Assets
Current
Liabilities
Non-Current
Liabilities
Housing Finance Companies - Overall

Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
130,909
2,575,852
2,050,067
2,172,422
2,291,191
3,144,098
126,164
3,127,164
3,127,164
3,144,098
2.Statutry reserves
12,973
498,463
498,463
520,969
545,062
(8,228)
(1,049,775)
(1,575,560)
(1,492,645)
(1,397,969)
1.Share capital
2,685
2,685
2,107
(18,759)
213,130
23,971
15,778,578
16,098,002
17,067,528
17,053,189
23,851
15,778,578
16,075,420
17,048,185
17,021,332
120
22,582
19,343
31,857
22,582
120
19,343
31,857
157,565
18,357,115
18,150,176
19,221,191
19,557,510
117,423
18,323,522
18,077,225
19,141,486
19,403,106
309
704,067
219,559
156,235
507,360
117,114
17,619,455
17,857,666
18,985,251
18,895,746
40,142
33,593
72,951
79,705
154,404
a.Investment in housing finance
11,098
9,188
13,622
27,521
26,537
b.Other assets
29,044
24,405
59,329
52,184
127,867
3,980
3,068,036
1,282,353
1,555,757
1,956,968
2.Admin. & general expense
16,248
1,227,434
1,297,638
1,386,629
1,710,661
(12,268)
(2,841)
(79,008)
133,131
168,973
12,289
(389,881)
(109,591)
105,421
118,769
12,616
312,716
312,716
314,410
314,410
4.Others

2.Non-current liabilities (a + b)
a.Lease finance
b.Long term finance

1.Revenue
E.Other items
2.Cash dividend
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(13,691)
(227,022)
651,531
2,324,105
2,438,307
N/A
N/A

9.39%
-15.14%
-5.35%
4.85%
5.18%
9.19%
-15.12%
-5.28%
4.85%
4.68%
7.80%
-2.12%
-0.60%
0.55%
0.61%
-1.32
-432.04
-16.42
10.42
10.12
0.97
-1.25
-0.35
0.34
0.38
0.20%
3.84%
1.21%
0.81%
2.59%
4.92
1.16
1.12
1.12
1.14

G.Liquidity ratios
2.Cuurent assets to current liabilities (C1/B1)
0.15
0.86
0.89
0.89
0.87
4.Investment to total assets (C2a/C)
7.04%
0.05%
0.08%
0.14%
0.14%
83.08%
14.03%
11.30%
11.30%
11.72%
10.38
8.24
6.56
6.91
7.29

I.Cash flow ratio

1.Cash generated. from operating activities to profit after tax (E4/D4)
-1.11
0.58
-5.95
22.05
20.53
2.Cash generated from operating activities to current liabilities (E4/B1)
-0.57
-0.01
0.04
0.14
0.14
237
Asian Housing Finance Ltd.

Items
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
130,909
126,585
125,688
135,511
133,813
143,098
126,164
126,164
126,164
143,098
2.Statutry reserves
12,973
12,973
12,973
12,973
12,973
(8,228)
(12,552)
(13,449)
(20,560)
(22,258)
1.Share capital
2,685
2,685
2,685
23,971
17,256
36,983
32,535
51,035
23,851
17,256
14,401
13,192
19,178
120
22,582
19,343
31,857
22,582
120
19,343
31,857
157,565
146,526
165,356
168,046
184,848
117,423
112,933
92,405
88,341
30,444
309
779
790
460
796
117,114
112,154
91,615
87,881
29,648
40,142
33,593
72,951
79,705
154,404
11,098
9,188
13,622
27,521
26,537
b.Other assets
29,044
24,405
59,329
52,184
127,867
3,980
11,811
13,544
6,843
11,844
16,248
11,085
14,093
13,889
13,029
(12,268)
(4,264)
(896)
(7,080)
(1,607)
12,289
(4,324)
(896)
(7,111)
(1,698)
12,616
12,616
12,616
14,310
14,310
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(13,691)
12,129
3,720
14,502
430
9.39%
-0.03%
-0.71%
-5.25%
-1.27%
9.19%
-0.03%
-0.59%
-4.59%
-1.02%
7.80%
-0.03%
-0.54%
-4.23%
-0.92%
-1.32
-2.60
-15.73
-1.96
-8.11
0.97
-0.34
-0.07
-0.50
-0.12
0.20%
0.01%
0.48%
0.27%
0.43%
4.92
6.55
6.42
6.70
1.59
4.Others

a.Lease finance
b.Long term finance

1.Revenue
E.Other items

G.Liquidity ratios
0.15
0.12
0.22
0.19
0.28
7.04%
0.06%
8.24%
16.38%
14.36%
83.08%
0.86%
76.01%
80.64%
72.39%
10.38
10.03
9.96
9.47
9.35
-1.11
-2.81
-4.15
-2.04
-0.25
-0.57
0.70
0.26
1.10
0.02

I.Cash flow ratio
238
HOUSE BUILDING FINANCE COMPANY LIMITED
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
2,449,267
1,924,379
2,036,911
2,157,378
1.Share capital
3,001,000
3,001,000
3,001,000
3,001,000
2.Statutry reserves
485,490
485,490
507,996
532,089
(1,037,223)
(1,562,111)
(1,472,085)
(1,375,711)
4.Others
(578)
(18,759)
213,130
15,761,322
16,061,019
17,034,993
17,002,154
15,761,322
16,061,019
17,034,993
17,002,154
b.Long term finance
18,210,589
17,984,820
19,053,145
19,372,662
18,210,589
17,984,820
19,053,145
19,372,662
703,288
218,769
155,775
506,564
17,507,301
17,766,051
18,897,370
18,866,098
b.Other assets
1.Revenue
3,056,225
1,268,809
1,548,914
1,945,124
1,216,349
1,283,545
1,372,740
1,697,632
1,423
(78,112)
140,211
170,580
(385,557)
(108,695)
112,532
120,467
300,100
300,100
300,100
300,100
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(239,151)
647,811
2,309,603
2,437,877
-15.74%
-5.65%
5.52%
5.58%
-15.74%
-5.65%
5.58%
5.08%
-2.12%
-0.60%
0.59%
0.62%
854.78
-16.43
9.79
9.95
-1.28
-0.36
0.37
0.40
3.86%
1.22%
0.82%
2.61%
1.16
1.12
1.12
1.14
0.87
0.89
0.89
0.88
0.00%
0.00%
0.00%
0.00%
13.45%
10.70%
10.69%
11.14%
8.16
6.41
6.79
7.19
Items
a.Lease finance
E.Other items
G.Liquidity ratios
I.Cash flow ratio

0.62
-5.96
20.52
20.24
-0.02
0.04
0.14
0.14
239
2011
VENTURE CAPITALS
Venture Capital reflected contraction in balance sheet size during the period under review. Total
equity contracted by around 59 percent during FY11. Total assets base stood at 5.1 billion in FY11.
Venture Capital showed losses before and after taxation of about Rs 1.1 billion in FY11.

Total equity is in the negative zone at Rs -2.1 billion in FY11 due to heavy unappropriated loss shown
by TRG Pakistan Limited. Total assets
Components of Shareholder's Equity
declined from Rs 6.2 billion in FY10

decline of 18.2 percent. In composition
Billion Rs.
to Rs 5.1 billion in FY11, showing a

of total assets, current assets comprise
0%
-10%
-4%
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
-1.0
-2.0
-18% -20%
-30%
-40%
-50%
-60%
-70%
-59%
54.9 percent while remaining 45.1
Total
Equity
Total
Liabilities
Total
Assets
percent are non-current assets.
FY 10
-1.3
6.8
6.2
Total Liabilities decreased from Rs 6.8
FY 11
-2.1
6.5
5.1
billion in FY10 to Rs 6.5 billion
Growth
-59%
-4%
-18%
during FY11, recording a decline of around 3.8 percent over FY10.The venture investment declined
by 12.0 percent in FY11 over FY10. Ratio of total equity to total assets was 42.2 percent in FY11 as
compared to 21.7 percent in FY10.

Gross revenue increased from Rs 9.5 billion in FY10 to Rs 10.2 billion in FY11, witnessing an
increase of around 7.6 percent over
On
the
other
hand,
Administrative and General Expenses

which were Rs 2.9 billion during
FY10 declined to Rs. 2.8 billion,
registering a decrease of 3.4 percent. It
is also noted that the ratio of
Administrative and General Expenses
Revenue
12.0
Admin & Opr. Expense
Financial Charges
10.2
9.5
10.0
Billion Rs.
FY10.
8.0
6.0
2.9
4.0
2.0
2.8
0.2
0.2
0.0
FY 10
to revenue which stood at 30.25
FY 11
percent in FY10 came down to 27.17 percent in FY11. Venture Capital however, suffered heavy
losses again in FY11. Losses before and after tax stood at Rs. 1.1 billion both in FY10 & FY11.
240
Venture Capital - Overall

Items
1.Share capital
2.Reserves
2007
2008
2009
3,835,782
3,795,510
(375,302)
4,168,907
4,168,907
(333,125)
4.Others


(373,397)
2011
(Thousand Rupees)
2010
2011
(1,339,491)
(2,128,737)
4,205,980
4,205,980
4,205,980
290,145
237,605
162,223
(4,871,427)
(5,783,076)
(6,496,940)
12,000
769,105
743,249
667,521
220,219
247,193
6,390,690
6,769,505
6,511,448
54,861
224,871
5,765,399
6,348,032
6,057,018
165,358
22,322
625,291
421,473
454,430
4,056,001
4,054,703
6,784,493
6,173,263
5,050,232
146,100
144,913
2,728,074
3,565,932
2,772,110
8,821
6,496
321,524
542,959
464,660
137,279
138,417
2,406,550
3,022,973
2,307,450
3,909,901
3,909,790
4,056,419
2,607,331
2,278,122
3,862,483
3,862,483
3,929,756
2,399,507
2,110,508
47,418
47,307
126,663
207,824
167,614
1.Revenue
30,045
20,342
10,367,521
9,526,726
10,247,746
2.Admin. & operating expense
47,794
48,378
3,270,874
2,881,637
2,784,555
3.Financial charges
53,967
55,628
288,659
233,972
225,077
(79,379)
(65,588)
(1,935,167)
(1,600,143)
(1,075,243)
(79,379)
(91,307)
(1,948,392)
(1,580,976)
(1,127,043)
416,891
416,891
420,598
420,598
420,598

b.Others
a.Venture investment
b.Others
E.Other items
N/A
2.Cash dividend
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(73,203)
(79,925)
(229,951)
(53,271)
(1,013,494)
-2.07%
-2.41%
519.15%
118.03%
52.94%
-1.98%
-2.38%
-191.19%
904.61%
111.94%
-1.96%
-2.25%
-28.72%
-25.61%
-22.32%
-264.20%
-448.86%
-18.79%
-16.60%
-11.00%
159.07%
237.82%
31.55%
30.25%
27.17%
-0.19
-0.22
-4.63
-3.76
-2.68
0.22%
0.16%
4.74%
8.80%
9.20%
2.66
0.64
0.47
0.56
0.46
0.05
0.06
0.94
1.10
1.29
94.57%
93.61%
-5.53%
-21.70%
-42.15%
9.20
9.10
-0.89
-3.18
-5.06
0.92
0.88
0.12
0.03
0.90
-1.33
-0.36
-0.04
-0.01
-0.17


5.Admin. expense to revenue (D2/D1)
G.Liquidity ratios

I.Cash flow ratio

241
AKD Capital Ltd.
2011
(Thousand Rupees)
2010
2011
2007
2008
2009
14,727
15,757
15,711
1.Share capital
25,073
25,073
25,073
2.Reserves
752
752
752
(11,098)
(10,068)
(10,114)
4.Others
20,891
20,891
20,892
17,025
4,397
1,384
17,025
4,397
1,384
Items

52,643
41,045
37,987
35,590
35,486
33,233
396
380
229
b.Others
35,194
35,106
33,004
17,053
5,559
4,754
7,033
5,539
4,734
b.Others
10,020
20
20
1.Revenue
(37,165)
5,354
2,663
13,998
3,191
1,536
3.Financial charges
172
(14,207)
1,759
1,126
(14,207)
1,030
889
2,507
2,507
2,507
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
(19,148)
3,531
3,231
-96.47%
6.54%
5.66%
-39.89%
2.81%
2.43%
-26.99%
2.51%
2.34%
19.24%
33.38%
-37.66%
59.60%
57.68%
-5.67
0.41
0.35
0.75%
0.93%
0.60%
8.07
24.01
E.Other items
38.23%
G.Liquidity ratios
2.09
0.32
0.11
0.04
27.98%
38.39%
41.36%
5.87
6.29
6.27
1.35
3.43
3.63
-1.12
0.80
2.33
I.Cash flow ratio
242
AMZ Venture Capital

Items
1.Share capital
2.Reserves
4.Others

2011
(Thousand Rupees)
2010
2011
2007
2008
2009
259,222
233,655
222,187
222,187
222,187
300,000
300,000
300,000
300,000
300,000
(40,778)
(66,345)
(77,813)
(77,813)
(77,813)
187,171
213,055
244,337
244,337
244,337
23,856
193,519
244,337
244,337
244,337
163,315
19,536
446,393
446,710
466,524
466,524
466,524
102,602
103,815
124,373
124,373
124,373

b.Others
b.Others
207
14
102,395
103,801
124,366
124,366
124,366
343,791
342,895
342,151
342,151
342,151
304,128
304,128
304,128
304,128
304,128
39,663
38,767
38,023
38,023
38,023
14,005
4,542
18,926
18,926
18,926
4,383
2,586
1,334
1,334
1,334
26,511
27,952
29,212
29,212
29,212

1.Revenue
3.Financial charges
(16,375)
152
428
428
428
(16,375)
(25,567)
(11,469)
(11,469)
(11,469)
30,000
30,000
30,000
30,000
30,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
6,683
15,964
26,040
26,040
26,040
-6.32%
-10.94%
-5.16%
-5.16%
-5.16%
-3.88%
-10.10%
-5.16%
-5.16%
-5.16%
-3.67%
-5.72%
-2.46%
-2.46%
-2.46%
-116.92%
-562.90%
-60.60%
-60.60%
-60.60%
31.30%
56.94%
7.05%
7.05%
7.05%
-0.55
-0.85
-0.38
-0.38
-0.38
0.05%
0.00%
0.00%
0.00%
0.00%
4.30
0.54
0.51
0.51
0.51
0.42
0.48
0.52
0.52
0.52
58.07%
52.31%
47.63%
47.63%
47.63%
8.64
7.79
7.41
7.41
7.41
-0.41
-0.62
-2.27
-2.27
-2.27
0.28
0.08
0.11
0.11
0.11
E.Other items

G.Liquidity ratios

I.Cash flow ratio

243
TMT-Venture Capital
Items
1.Share capital
2.Reserves
4.Others


(Thousand Rupees)
2010
2011
2007
2008
2009
10,166
(4,539)
1,146
1,146
1,146
15,000
15,000
27,000
27,000
27,000
(19,539)
(25,854)
(25,854)
(25,854)
(4,834)
2011
12,000
3,833
4,923
7,681
7,681
7,681
1,790
2,137
6,415
6,415
6,415
2,043
2,786
1,266
1,266
1,266
13,999
12,384
8,827
8,827
8,827
9,778
7,378
6,437
6,437
6,437
2,387
255
b.Others
7,391
7,123
6,428
6,428
6,428
4,221
5,006
2,390
2,390
2,390
b.Others
4,221
5,006
2,390
2,390
2,390

7,740
7,500
7,500
7,500
7,500
19,465
21,846
14,888
14,888
14,888
257
477
431
431
431
(11,970)
(14,706)
(6,315)
(6,315)
(6,315)
(11,970)
(14,706)
(6,315)
(6,315)
(6,315)
1.Revenue
3.Financial charges
E.Other items
1,500
1,500
2,700
2,700
2,700
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3,861
(12,142)
644
644
644

-117.75%
3.24%
-551.05%
-551.05%
-551.05%
-98.04%
-1.44%
-261.82%
-261.82%
-261.82%
-85.51%
-1.19%
-71.54%
-71.54%
-71.54%
-154.65%
-1.96%
-84.20%
-84.20%
-84.20%
251.49%
-1.49%
198.51%
198.51%
198.51%
-7.98
-9.80
-2.34
-2.34
-2.34
17.05%
0.02%
0.10%
0.10%
0.10%
5.46
3.45
1.00
1.00
1.00
0.27
0.40
0.87
0.87
0.87
72.62%
-0.37%
12.98%
12.98%
12.98%
6.78
-3.03
0.42
0.42
0.42
-0.32
0.83
-0.10
-0.10
-0.10
2.16
-5.68
0.10
0.10
0.10

G.Liquidity ratios

I.Cash flow ratio

244
TRG Pakistan Limited

Items
1.Share capital
2.Reserves
2007
2008
2009
3,566,394
3,566,394
(613,362)
3,853,907
3,853,907
(287,513)
4.Others


b.Others
b.Others
(287,513)
2011
(Thousand Rupees)
2010
2011
(1,578,581)
(2,367,781)
3,853,907
3,853,907
3,853,907
289,393
236,853
161,471
(4,756,662)
(5,669,341)
(6,383,159)
748,214
722,358
646,629
29,215
29,215
6,121,647
6,513,090
6,258,046
29,215
29,215
5,497,622
6,092,883
5,804,882
624,025
420,207
453,164
3,595,609
3,595,609
6,256,499
5,656,867
4,536,894
33,720
33,720
2,561,674
3,399,636
2,608,067
6,227
6,227
321,112
542,563
464,415
27,493
27,493
2,240,562
2,857,073
2,143,652
3,561,889
3,561,889
3,694,825
2,257,231
1,928,827
3,558,355
3,558,355
3,618,595
2,089,840
1,801,646
3,534
3,534
76,230
167,391
127,181

8,300
8,300
10,378,260
9,494,946
10,218,657
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
(51,034)
(51,034)
(1,915,073)
(1,596,015)
(1,070,482)
(51,034)
(51,034)
(1,916,401)
(1,564,222)
(1,110,148)
385,391
385,391
385,391
385,391
385,391
0.00%
0.00%
0.00%
0.00%
1.Revenue
E.Other items
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
(83,747)
(83,747)
(237,487)
(83,486)
(1,043,409)
-1.43%
-1.43%
312.44%
99.09%
46.89%
-1.43%
-1.43%
-252.53%
358.75%
-1.42%
-1.42%
-30.63%
-27.65%
-24.47%
-614.87%
-614.87%
-18.47%
-16.47%
-10.86%
288.51%
288.51%
31.23%
30.14%
27.08%
-0.13
-0.13
-4.97
-4.06
-2.88
0.17%
0.17%
5.13%
9.59%
10.24%
1.15
1.15
0.47
0.56
0.45
0.01
0.01
0.98
1.15
1.38
99.19%
99.19%
-9.80%
-27.91%
-52.19%
9.25
9.25
-1.59
-4.10
-6.14
1.64
1.64
0.12
0.05
0.94
-2.87
-2.87
-0.04
-0.01
-0.18


87.55%
G.Liquidity ratios

I.Cash flow ratio

245
Appendix
2011
2011
Appendix
Companies Covered in the Financial Statements Analysis
As on 31st December 2011
Total Companies (182)
Company
Banks (38)*
Page
#
Company
Page.
#
52
17
18
Samba Bank Limited

SilkBank Limited (Saudi Pak Bank).
19
Soneri Bank Ltd.
54
53
A.
Public Sector Banks (5)
First Women Bank Limited
30
20
Standard Chartered Bank Ltd. Pakistan
55
National Bank of Pakistan
31
21
Summit Bank Limited
56
Sindh Bank Ltd.
32
22
United Bank Ltd
57
The Bank of Khyber
33
C.
Specialized Banks (4)
The Bank of Punjab
34
I.D.B.P.
59
B.
Private Sector Banks (22)
SME Bank Ltd
60
Albaraka Bank (Pakistan) imited
36
Punjab Provincial Co-op. Bank
61
Allied Bank of Pakistan Ltd.
37
Z.T.B.L
62
Askari Bank Ltd.
38
D.
Foreign Banks (7)
4
5
Bank Al Habib Ltd.

Bank Al Falah Ltd.
39
40
1
2
Barclays Bank PLC

Citi Bank N.A
64
65
Bank Islami Pakistan Ltd.
41
Deutsche Bank Limited
66
7
8
Burj Bank Limited

Dubai Islami Bank
42
43
4
5
67
68
Faysal Bank Ltd.
44
The Hong Kong and Shanghai Banking corp.

Industrial and Commercial Bank Of China
Limited
Oman International Bank S.A.O.G.
10
Habib Bank Ltd.
45
The Bank of Tokyo-Mitsubishi Ltd.
70
11
Habib Metropolitan Bank Ltd.
46
12
JS Bank
47
13
KASB Bank Ltd.
48
Pair Investment Company
75
14
MCB Bank Ltd.
49
Pak Brunei Investment Company Limited
76
15
Meezan Bank Ltd.
50
Pak China Investment Company Limited
77
16
NIB Bank
51
Pak Kuwait Investment Company Limited
78
69
Development Finance
Institutions (7)*
247
Company
2011
Page
#
79
Company
Page.
#
Asian Stocks Fund Limited
109
Pak Libya Holding Company Limited
Pak Oman Investment Company

Limited
80
Atlas Fund of Funds
110
Saudi Pak Industrial & Agri. Inv CO.

(PVT) Ltd.
81
First Capital Mutual Fund Limited
111
First Dawood Mutual Fund
112
Leasing Companies (9)**
86
Golden Arrow Selected Stocks Fund Limited

JS Growth Fund
113
Grays Leasing Ltd.
NBP Leasing Limited
87
JS Value Fund
115
Orix Leasing Pak Ltd.,
88
Meezan Balanced Fund
116
Pak-Gulf Leasing Company Ltd.
89
10
NAMCO Balanced Fund
117
SME Leasing Ltd.*
90
11
PICIC Energy Fund
118
Saudi Pak Leasing Co. Ltd.,
91
12
PICIC Growth Fund
119
Security Leasing Corp. Ltd.,
92
13
PICIC Investment Fund
120
Sigma Leasing Corp. Ltd.,*
93
14
Pak Oman Advantage Fund
121
Standard Chartered Leasing Limited
94
15
Safe-way Mutual Fund
122
Escorts Investment bank
98
First Credit and Investment bank
99
First Dawood Investment bank
Investment Banks (7)**
Modarba Companies (26)**
114
Modarba Al-Mali
126
Al- Noor Modarba
127
100
Allied Rental Modaraba
128
IGI Investment Bank Ltd.
101
B.F Modaraba
129
Invest Capital Investment bank Ltd.
102
B.R.R. Guardian Modaraba
130
Security Investment Bank Ltd.*
103
Constellation Modarba
131
Trust Investment bank Ltd.
104
Crescent Standard Modaraba
132
Elite Capital Modarba
133
Mutual Fund Companies

(15)**
Al Meezan Mutual Fund
9
108
Equity Modarba
134
10
Fidelity Leasing Modarba
135
11
First Imrooz Modaraba
136
248
2011
Company
Page
#
Company
Page.
#
12
Habib Bank Modarba
137
12
SIBL Exchange Co.
166
13
Habib Modarba
138
13
Malik Exchange (Pvt.) Ltd.
167
14
IBL Modarba
139
14
NBP Exchange Company Ltd.
168
15
KASB Modarba
140
15
16
National Bank Modarba
141
16
17
Pak Modarba
142
17
18
Paramount Modarba
143
18
19
Prudential Modarba
144
19
20
Punjab Modarba
145
20
Paragon Exchange Company (Pvt) Ltd.

Ravi Exchange Company Ltd
21
Standard Chartered Modarba
146
21
Riaz Exchange Co. (Pvt.) Ltd.
175
22
Treet Manufacturing Modarba
147
22
176
23
Tri-Star Modarba
148
23
Royal International Exchange Company

(Pvt.) Ltd.
24
25
26
Trust Modarba
UDL Modarba
Unicap Modaraba
149
150
151
24
Noble Exchange International (Pvt.) Ltd

P B S Exchange Company (Pvt.) Ltd.
Pakistan Currency Exchange Co. (Pvt.) Ltd.
Paracha International Exchange Co. (Pvt.)
Ltd.
Sky Exchange Company (Pvt) Ltd.

Wall Street Exchange Company (Pvt.) Ltd.
169
170
171
172
173
174
177
178
Insurance Companies (50)*

Exchange Companies (24)*
A.
Life Insurance Corporations (7)
AA Exchange Company (Pvt.) Ltd.
155
Adamjee Life Assurance Company Ltd.
184
Al-Hameed IntL. Money Ex (Pvt.) Ltd.
156
American Life Insurance Company Ltd.
185
3
4
5
6
Al-Rahim Exchange Company (Pvt.) Ltd.

Al-Sahara Exchange Company (Pvt.) Ltd.
D. D Exchange Company (Pvt) Ltd.
Dollar East Exchange Company (Pvt.) Ltd.
157
158
159
160
3
4
5
6
Asia Care Health & Life Insurance Co., Ltd.

East West Life Insurance Co., Ltd.
EFU Life Assurance Company Ltd.
Jubilee Life Insurance Company Ltd.
186
187
188
189
Fairdeal Exchange Company (Pvt.) Ltd.
161
State Life Insurance Corporation Ltd.
190
Galaxy Exchange Company (Pvt.) Ltd.
162
B.
H and H Exchange Company (Pvt.) Ltd.
163
Non-Life Insurance
Corporations (38)
10
Habib Currency Exchange (Pvt.) Ltd.
164
11
Habib Qatar International Exchange Pakistan

Ltd.
165
ACE Insurance Aid Pacific Ltd.
192
Adamjee Insurance Company Ltd.
193
Agro General Insurance Company Ltd.
194
Alflah Insurance Company Ltd
195
249
Company
5
34
TPL Direct Insurance Company Ltd.
Page.
#
225
197
35
UBL Insurers Ltd
226
Page
#
196
Company
2011
Allianz EFU Health Insurance Company

Ltd.
Asia Insurance Company Ltd.
7
8
Askari General Insurance Company Ltd.

Atlas Insurance Company Ltd.
198
199
36
37
Union Insurance Company of Pakistan Ltd.

United Insurance Company of Pakistan Ltd.
227
228
Capital Insurance Company Ltd.
200
38
Universal Insurance Company Ltd.
229
10
Century Insurance Company Ltd.
201
C.
Takaful Companies (5)
11
12
Cyan Ltd.
E.F.U. General Insurance Company Ltd.
202
203
1
2
Dawood Family Takaful Ltd.

Pak Kuwait Takaful Company Ltd
231
232
13
East West Insurance Company Ltd.
204
Pak Qatar Family Takaful Ltd.
233
14
Excel Insurance Company Ltd.
205
Pak Qatar General Takaful Ltd.
234
15
Habib Insurance Company Ltd.
206
Takaful Pakistan Ltd.
235
16
Hallmark Insurance Co., Ltd.
207
17
International General Insurance Co. of

Pakistan Ltd.
Jubilee General Insurance Company
Ltd.
National Insurance Corporation
208
211
22
23
24
New Hampshire Insurance Company

Ltd.
Pakistan Mutual Insurance Company
Ltd.
Pakistan Reinsurance Company Ltd.
PICIC Insurance Ltd.
Premier Insurance Company Ltd.
213
214
215
1
2
3
AKD Capital Ltd

AMZ Venture Capital
TMT Venture Capital
242
243
244
25
Reliance Insurance Company Ltd.
216
TRG Pakistan Limited
245
26
Saudi Pak Insurance Company Ltd
217
27
Security General Insurance Company

Ltd.
218
28
Shaheen Insurance Company Ltd.
219
29
Silver Star Insurance Company Ltd.
220
30
The Asian Mutual Insurance Co.

(Guarantee) Ltd.
The Co-operative Insurance Society of
Pakistan Ltd.
The Crescent star Insurance Company
Ltd.
The Pakistan General Insurance
Company Ltd.
221
18
19
20
21
31
32
33
Housing Finance (2)**
209
Asian Housing Finance Ltd.
238
210
House Building Finance Company Limited*
239
Venture Capital (4)**
212
222
223
224
* Calender year, ** Fiscal year
250
2011
Explanatory Notes:
In the analysis, consolidated financial statement of a company is used to cover full potential of
the parent company.
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 years publication.
Repeated data of any company is replaced with the actual one upon receipt of its annual report
in that years publication.
The symbol - appearing in the analytical tables stands for Not applicable or Not available.
251

FINANCIAL STATEMENT ANALYSIS OF FINANCIAL SECTOR 2007-2011 CY06 CY07 Share Capital

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FINANCIAL STATEMENT ANALYSIS OF FINANCIAL SECTOR 2007-2011 CY06 CY07 Share Capital

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Financial Statement Analysis of Financial Sector