Income Statement

As at 31st December 2009

2009 2008
Horizontal
(Rupees in '000) (Rupees in '000) Analysis
Vertical Vertical (Increase/
Analysis (%) Analysis (%) Decrease)
Markup/return/interest earned 896,476 100 736103 100 22%
Markup/return/interest expensed 408,000 45.511536282 212601 28.88196353 92%
net mark-up/return/interest income 488,476 54.488463718 523502 71.11803647 -7%

provision against advances-net 102,149 11.394504705 39437 5.357538279 159%

provision for diminution in the value of invesments 8,545 0.9531766606 10716 1.455774532 -20%
provision against iendings to financial institutions 68,500 7.6410299885 0
bad debts written off directly 355 0.0395994985 0
179,549 20.028310853 50153 6.813312811 258%
net mark-up/return/interest income after provisions 308,927 34.460152865 273349 37.13461295 13%

non-mark-up/interest income
fee,commission end brokerage income 25,217 2.8129029667 24511 3.329832917 3%
dividend income 7,161 0.7987943905 9088 1.23460983 -21%
income from dealing in foreign currencies 16,940 1.8896211388 31902 4.333904358 -47%
gain on sale of securities-net 2,046 0.2282269687 7250 0.984916513 -72%
other income 15,515 1.7306654054 17592 2.389882938 -12%
totel non-mark-up/interest income 66,879 7.4602108701 90343 12.27314656 -26%
375,806 41.920363735 563692 76.57787022 -33%

non-mark-up/interest expenses
administrative expenses 451,930 50.411834784 367798 49.96556188 23%
provision against other assets 8,526 0.9510572508 0
other charges 1,604 0.1789228044 5451 0.740521367 -71%
total non-mark-up/interest expenses 462,060 51.541814839 373249 50.70608325 24%
extra ordinary/unusual item -

(loss)/profit before taxation -86,254 -9.621451104 190443 25.87178696 -145%

taxation -current year 5,712 0.6371615079 87820 11.93039561 -93%

-prior years 14,882 1.6600555955 16878 2.292885642 -12%
-deferred -26,747 -2.983571228 -19735 -2.68101067 36%
-6,153 -0.686354124 84423 11.46891128 -107%
(loss) /profit after taxation -80,101 -8.93509698 106020 14.40287568 -176%

unappropriated profit brought forward 623,610 69.562375345 537130 72.96940781 16%

transferred to statutory reserve 0 -21204 -2.88057514 -100%
transfer from surplus on revaluation of fixed assets-net of tax 2,619 0.2921439057 1664 0.226055321 57%
626229 69.854519251 517590 70.314888 21%
profit available for appropriation 546,128 60.919422271 623610 84.71776368 -12%

basic and diluted (loss)/earnings per share-after tax -3 -0.000314565 -3.74 -0.00050808 -25%

(loss)/profit after taxation for the year -80,101 -8.93509698 106020 14.40287568 -176%
Other comprehensive income
Total comprehensive income-(loss)/profit for the year -80101 -8.93509698 106020 14.40287568 -176%
 Balance Sheet
As at 31 December 2009
2009 2008
Horizontal
Assets (Rupees in '000) (Rupees in '000) Analysis
Vertical Vertical (Increase/
Analysis Analysis Decrease)
% % %
Cash and balance with treasury banks 713140 6.951996771 575929 7.885418953 0.238242908
Balance with other banks 586849 5.72085755 400761 5.487079805 0.4643366
Lending to financial institutions 1136025 11.07446242 350849 4.803702113 2.237931418
Investments-net 4097423 39.94344935 2264088 30.99910306 0.809745469
Advances-net 3274221 31.91852066 3304330 45.24173363 -0.00911198
Operating fixed assets 203972 1.988407165 174833 2.393752445 0.16666762
Deferred tax assets-net 52212 0.50898513 56630 0.775358204 -0.07801519
Others assets-net 194218 1.893320959 176301 2.413851789 0.101627331
10258060 100 7303721 100 0.40449779
Liabilities

Bills payable 89020 0.867805413 101993 1.396452575 -0.127195

Borrowings 31328 0.305398877 27140 0.371591412 0.15431098
Deposits and other accounts 8756793 85.36500079 5939308 81.31893318 0.474379338
Subordinated loan
Liabilities against assets subject to finance lease
Deferred tax liabilities-net 287552 2.803181108 132247 1.810679789 1.174355562
Others liabilities 9164693 89.34138619 6200688 84.89765696 0.478012279

Net assets 1093367 10.65861381 1103033 15.10234304 -0.00876311

Represented by:

Share capital 283650 2.765142727 283650 3.883636848 0

Reserves 228540 2.227906641 228540 3.129089953 0
Unappropriated profit 546128 5.323891652 623610 8.538250571 -0.12424753
1058318 10.31694102 1135800 15.55097737 -0.068218
Surplus on revaluation of assets-net of tax 35049 0.341672792 -32767 -0.44863433 -2.06964324
1093367 10.65861381 1103033 15.10234304 -0.00876311

Equity & Liabilities 10258060 100 7303721 100 0.40449779