COMMON SIZE PROFITABILITY ANALYSIS

COMMON SIZED PROFIT & LOSS ACCOUNT FOR YEAR ENDED AT DECEMBER 2012,
2011 & 2010 1

Year Ended

2012

2011

2010

100

100

100

24.32

23.23

27.37

Rent, taxes, insurances, electricity etc.

2.67

2.52

2.66

Legal expenses

0.06

0.08

0.08

Postage, stamps and telecommunication etc.

0.46

0.47

0.55

Stationery, printing and advertisement etc.

1.09

0.99

0.95

Chief executive's salary & fees

0.02

0.03

0.03

Directors' fees & expenses

0.04

0.05

0.06

Shari'ah supervisory committee's fees & expenses

0.01

0.01

0.01

Auditors fees

0.01

0.01

0.01

Charges on investment losses

0.00

0.00

0.00

Depreciation and repair to bank's assets

2.04

2.04

2.24

Zakat expenses

1.33

1.31

1.41

Other expenses

4.19

5.61

3.51

Total Operating Expenses

36.23

36.34

38.88

Profit/ (loss) before provision

63.77

63.66

61.12

Provision for investment & off balance sheet item

Total operating income

Operating expenses
Salary & allowances

14.31

11.92

6.92

Provision for diminution in value of investments in shares

0.00

0.00

0.00

Other provisions

0.04

0.00

0.20

Total provision

14.35

11.92

7.12

Total profit/(loss) before taxes

49.42

51.74

54.00

0.00

0.00

0.00

Current tax

26.66

27.38

25.51

Deferred tax

0.19

0.15

-0.02

22.57

24.21

28.51

Provision for taxation for the period

Net profit/ (loss) after tax

Calculation with Profit & Loss Account Statement has been included in Appendix

COMPARATIVE FINANCIAL STATEMENT ANALYSIS

In this analysis, 2011 was taken to be the base year. And every account of years 2010 and 2012 is compared with
the corresponding account of 2011 to see how the amounts have changed from year to year.

Comparative Financial Statement Analysis for Year 2011 and year 2012
Consolidated Profit & Loss Account

Dec, 2011

Dec, 2012

Net Change

Percentage
Change

Investment income

32,019,532,444

43,672,225,941

11,652,693,497

36.39

Profit paid on mudaraba deposits

18,401,218,085

25,870,425,237

7,469,207,152

40.59

Net investment income

13,618,314,359

17,801,800,744

4,183,486,385

30.72

Income from investments in shares & securities

331,004,637

484,361,836

153,357,199

46.33

Commission, exchange & brokerage income

5,297,455,786

5,260,647,661

-36,808,125

-0.69

Other operating income

876,633,643

1,122,169,884

245,536,241

28.01

Total Operating Income

20,123,408,425

24,668,980,125

4,545,571,700

22.59

Salary & allowances

4,655,983,050

5,961,421,881

1,305,438,831

28.04

Rent, taxes, insurances, electricity etc.

507,063,897

655,576,460

148,512,563

29.29

Legal expenses

15,257,288

13,479,293

-1,777,995

-11.65

Postage, stamps and telecommunication etc.

94,267,115

111,528,843

17,261,728

18.31

Stationery, printing and advertisement etc.

198,418,476

267,730,060

69,311,584

34.93

Chief executive's salary & fees

5,280,000

5,280,000

0.00

Directors' fees & expenses

9,530,986

10,066,840

535,854

5.62

Shari'ah supervisory committee's fees & expenses

2,749,283

2,584,829

-164,454

-5.98

Auditors'fees

1,593,400

2,168,000

574,600

36.06

Depreciation and repair to bank's assets

409,590,979

504,441,086

94,850,107

23.16

Zakat expenses

262,929,404

324,772,772

61,843,368

23.52

Other expenses

1,128,991,237

1,029,710,622

-99,280,615

-8.79

Total operating expenses

7,291,655,115

8,888,760,686

1,597,105,571

21.90

Profit/ (loss) before provision

12,831,753,310

15,780,219,439

2,948,466,129

22.98

Provision for investments & off- balance sheet items

2,384,314,796

3,502,625,602

1,118,310,806

46.90

Provision for diminution in value of investments in shares

289,077,029

30,969,670

-258,107,359

-89.29

9,441,066

9,441,066

3,543,036,338

869,644,513

Operating income

Operating expenses

charges on investment losses

Other provisions
Total provision

2,673,391,825

32.53

Total profit/(loss) before taxes

10,158,361,485

12,237,183,101

2,078,821,616

20.46

Current tax

5,504,252,091

6,514,464,832

1,010,212,741

18.35

Deferred tax

29,515,743

45,964,788

16,449,045

55.73

Net profit/ (loss) after tax

4,624,593,651

5,616,753,481

992,159,830

21.45

Net profit after tax attributable to:

4,624,593,651

5,616,753,481

992,159,830

21.45

Equity holders of IBBL

4,624,597,748

5,616,751,549

992,153,801

21.45

Non-controlling interest

-4,097

1,932

6,029

147.16

Retained earnings from previous year

2,624,924,708

3,015,952,005

391,027,297

14.90

Add: Net profit after tax (attributable to equity holders of IEBL)

4,624,597,748

5,616,751,549

992,153,801

21.45

Profit available for appropriation

7,249,522,456

8,632,703,554

1,383,181,098

19.08

Appropriation:

7,249,522,456

8,632,703,554

1,383,181,098

19.08

Statutory reserve

2,069,463,066

2,419,235,534

349,772,468

16.90

General reserve

430,484,615

22,205,793

-408,278,822

-94.84

Dividend

2,594,592,000

3,202,467,840

607,875,840

23.43

Retained earnings

3,015,952,005

3,033,205,973

17,253,968

0.57

Consolidated Earnings Per Share

3.70

4.49

0.79

21.35

Provision for taxation for the period

Comparative Financial Statement Analysis for Year 2010 and year 2011
Consolidated Profit & Loss Account

Year
2010

ended

Dec,

Year ended Dec, 2011

Net Change

Percentage
Change

Operating income
Investment income

24,766,264,960

32,019,532,444

7,253,267,484

29.29

Profit paid on mudaraba deposits

14,471,890,918

18,401,218,085

3,929,327,167

27.15

Net investment income

10,294,374,042

13,618,314,359

3,323,940,317

32.29

Income from investments in shares & securities

490,416,014

331,004,637

-159,411,377

-32.51

Commission, exchange & brokerage income

3,997,732,016

5,297,455,786

1,299,723,770

32.51

Other operating income

929,424,233

876,633,643

-52,790,590

-5.68

Total Operating Income

15,711,946,305

20,123,408,425

4,411,462,120

28.08

Operating expenses

Salary & allowances

4,289,276,274

4,655,983,050

366,706,776

8.55

Rent, taxes, insurances, electricity etc.

419,306,643

507,063,897

87,757,254

20.93

Legal expenses

13,401,957

15,257,288

1,855,331

13.84

Postage, stamps and telecommunication etc.

86,280,529

94,267,115

7,986,586

9.26

Stationery, printing and advertisement etc.

149,122,194

198,418,476

49,296,282

33.06

Chief executive's salary & fees

5,280,000

5,280,000

0.00

Directors' fees & expenses

9,838,845

9,530,986

-307,859

-3.13

Shari'ah supervisory committee's fees & expenses

1,813,569

2,749,283

935,714

51.60

Auditors'fees

1,278,750

1,593,400

314,650

24.61

Depreciation and repair to bank's assets

350,619,785

409,590,979

58,971,194

16.82

Zakat expenses

220,643,761

262,929,404

42,285,643

19.16

Other expenses

560,302,836

1,128,991,237

568,688,401

101.50

Total operating expenses

6,107,165,143

7,291,655,115

1,184,489,972

19.40

Profit/ (loss) before provision

9,604,781,162

12,831,753,310

3,226,972,148

33.60

Provision for investments & off- balance sheet items

1,082,989,130

2,384,314,796

1,301,325,666

120.16

289,077,029

289,077,029

-32,000,000

-100.00

charges on investment losses

Provision for diminution in value of investments in shares

Other provisions

32,000,000

Total provision

1,114,989,130

2,673,391,825

1,558,402,695

139.77

Total profit/(loss) before taxes

8,489,792,032

10,158,361,485

1,668,569,453

19.65

Current tax

4,007,123,511

5,504,252,091

1,497,128,580

37.36

Deferred tax

2,811,357

29,515,743

26,704,386

949.88

Net profit/ (loss) after tax

4,485,479,878

4,624,593,651

139,113,773

3.10

Net profit after tax attributable to:

4,485,479,878

4,624,593,651

139,113,773

3.10

Equity holders of IBBL

2,616,599,517

4,624,597,748

2,007,998,231

76.74

Provision for taxation for the period

Non-controlling interest

-4,097

Retained earnings from previous year

2,624,924,708

Add: Net profit after tax (attributable to equity holders of IEBL)

4,485,479,878

4,624,597,748

139,117,870

3.10

Profit available for appropriation

4,485,479,878

7,249,522,456

2,764,042,578

61.62

Appropriation:

4,485,479,878

7,249,522,456

2,764,042,578

61.62

Statutory reserve

1,690,941,188

2,069,463,066

378,521,878

22.39

General reserve

177,938,721

430,484,615

252,545,894

141.93