FINANCIAL STATEMENTS ANALYSIS OF
FINANCIAL SECTOR
2014-2018
Statistics and DWH Department
State Bank Pakistan
Financial Statements Analysis of Financial Sector
2018
Vision and Mission Statements of State Bank of Pakistan
Vision
To be an independent credible central bank
that achieves monetary and financial stability
and inclusive financial sector development
for the long-term benefit of the people 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.
Financial Statements Analysis of Financial Sector
2018
Team Leader

Muhammad Jaweed Akhtar
Sr. Joint Director
muhammad.jaweed@sbp.org.pk
Team Members

Nazir Ahmed Memon
Joint Director
nazir.memon@sbp.org.pk

Faisal Altaf
Deputy Director
faisal.altaf@sbp.org.pk

Uzma Maqsood
Deputy Director
uzma.maqsood@sbp.org.pk

Bushra Iqbal
Assistant Director
bushra.iqbal@sbp.org.pk

Atiya Yusuf
Assistant Director
atiya.yusuf@sbp.org.pk
Financial Statements Analysis of Financial Sector
2018
CONTENTS
Preface…………………………………………………………………………………………….....v
Executive Summary…………………………………………………………………………..........vi
Introduction.……………………………………………………........................................................1
1.1 Methodology…………………………………………………….............................................2
1.2 Concepts and Definitions…………………………………………………….........................2
1.3 Performance Indicators…………………………………………………….........................11
Review and Financial Analysis of:
Banks………………………………………………………………………………….....................21
Development Finance Institutions (DFIs)…………………………………………………….......64
Microfinance Banks (MFBs)………………………………………………………………………74
Leasing Companies…………………………………………………………………………….......88
Investment Banks………………………………………………………………………………......99
Mutual Funds (Close Ended)……………………………………………………………….…….108
Modaraba Companies………………………………………………………………………….…115
Exchange Companies………………………………………………………………………….….143
Insurance Companies………………………………………………………………………..……172
Housing Finance…………………………………………………………………………………..222
Venture Capital……………………………………………………………………………….…...226
Appendix…………………………………………………………………………………………...230
Explanatory Notes………………………………………………………………………………...235
Financial Statements Analysis of Financial Sector
2018
Preface
The financial sector, one of the most important component of a country’s economy that essentially requires a
sound, stable and robust financial system for economic well being of the country and its populace.
Pakistan’s financial sector represents a well-developed integration of institutions of a diversified
nature including Banks, DFIs, Microfinance Banks, 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 details of item on the
balance sheet, income statement, cash flow statement and statement of profit and loss accounts 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 2014-18.
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
v
Financial Statements Analysis of Financial Sector
2018
Executive Summary
Financial statements analysis of 166 companies from 11 sectors namely, Banks, Development Finance
Institutions (DFIs), Microfinance Banks (MFBs), Leasing companies, Investment Banks, Mutual Funds,
Modarabas, Exchange companies, Insurance companies, Housing Finance and venture capital are
included in this publication for the period 2014-18.
Banking sector comprises local banks and foreign banks. Local banks include private sector banks, public
sector banks and specialized banks. The balance sheet size of the banking sector expanded in CY18. Total
assets of the banking sector grew from Rs 18.54 trillion in CY17 to Rs 20.08 trillion in CY18 showing an
increase of 8.33 percent. Total liabilities and equity (including others) witnessed increases of 8.60 percent
and 5.08 percent respectively during the year. Growth of the banking sector was attributed to an increase
of 8.08 percent in the balance sheet size of local banks. Foreign banks comprising 3.28 percent share in
total assets of banking sector recorded an increase of 16.27 percent during CY18. Profit before and after
tax of banking sector as a whole increased by Rs 5.97 billion or 2.33 percent and Rs 8.91 billion or 5.84
percent respectively during the year CY18 over CY17.
DFIs exhibited an expansion in their balance sheet size during the period under review. Total assets
increased by 3.71 percent to reach Rs 214.79 billion in CY18 from Rs 207.10 billion in CY17. Total
liabilities increased by 4.73 percent or Rs 5.81 billion in CY18 over CY17 whereas, total shareholders’
equity (including others) posted a rise of 2.22 percent in CY18 when compared with CY17. During the
year profit before tax decreased by 2.57 percent with an amount of Rs 0.61 billion and profit after tax
declined by 3.02 percent or Rs 0.13 billion over the previous year.
Microfinance sector continued its positive stride with total assets increased by 31.92 percent to reach Rs
326.51 billion in CY18 from Rs 247.52 billion in CY17. Total liabilities and total equity (including
others) increased by Rs 63.43 billion or 29.49 percent and Rs 15.56 billion or 48.02 percent respectively
in CY18 over CY17. Interest/mark up income of the microfinance banks recorded an increase of Rs 14.74
billion .i.e. an increase of 41.35 percent. Interest/ mark up expense also increased by Rs 4.55 billion
contributed to record net interest income after provisions to Rs 34.56 billion in CY 18.
Profits before and after taxation decreased by Rs 0.21 billion (2.72 percent) and Rs 1.40 billion (26.45
percent) respectively during the year over previous year.
Asset base of Leasing Sector was decreased by 0.47 percent during the FY18 from Rs. 31.97 billion in
FY17 to Rs. 31.82 billion in FY18. The sector showed profit before taxation of Rs. 1.86 billion in FY18
as compared to Rs. 1.16 billion in FY17. Profit after taxation was recorded Rs. 1.43 billion in FY18 as
compared to Rs. 0.82 billion in FY17.
Investment banks exhibited an expansion in their balance sheet size during the year. Total assets increased
by 8.36 percent to reach Rs 10.12 billion in FY18 from Rs 9.34 billion in FY17. Total liabilities increased
by 14.82 percent or Rs 0.83 billion in FY18 over FY17. Whereas, total shareholders’ equity (including
others) posted a decline of 1.28 percent in FY18 when compared with FY17. During the year profit before
tax decreased by 126.17 percent with an amount of Rs 0.06 billion and profit after tax increased by
113.11 percent or Rs 0.33 billion over the previous year.
Balance sheet size of Mutual Funds (close ended) shrinked by Rs. 3.15 billion, showing an YoY decline
of 13.41 percent in total assets during FY18. Total assets decreased from Rs. 23.53 billion in FY17 to Rs.
20.38 billion in FY18. Total equity (including others) decreased by 13.95 percent during FY18 when
vi
Financial Statements Analysis of Financial Sector
2018
compared to FY17. Total liabilities of Mutual Funds increased by 5.92 percent in FY18 over FY17. Gross
income also declined with Rs. 4.64 billion in FY18, so net income also declined by Rs. 4.51 billion in
FY18 when compared with FY17.
Balance sheet size of modaraba companies expended during FY18. Total assets increased from Rs 44.25
billion in FY17 to Rs 51.23 billion in FY18 showing an increase of 15.79 percent over FY17. Total equity
remained almost the same during FY18 as previous year. Total liabilities of Modaraba companies
increased by 31.45 percent in FY18 when compared with the FY17. Profit before and after tax tax
decreased by 53.51 percent and 55.21 percent respectively in FY18 over FY17.
Exchange Companies continued its upward stride in its balance sheet size. Total assets increased by 18.06
percent to stand at Rs 15.98 billion in CY18 as compared to Rs 13.53 billion in CY17. Exchange
companies,mainly dealing with transfer of funds, cash and balances have kept around 56.69 percent share
of its total assets in CY18. Similarly, total equity increased to Rs 12.94 billion in CY18 from Rs 11.31
billion in CY17, recording YoY increase of 14.42 percent in CY18. Profit before and after taxation, both
recorded increases of Rs 1 billion or 133.42 percent and Rs 0.65 billion or 120.88 percent respectively in
CY18 over CY17.
The balance sheet size of insurance sector expanded by 9.95 percent, with corresponding increases of
11.14 percent in liabilities during CY18. This growth rate was attained mainly due to increase of 11.76
percent increase in the size of balance sheet of life insurance, which contributed 83.10 percent share of all
insurance sector in CY18. Takaful companies shared 1.94 percent of insurance sector in CY18, recorded
an increase of 15.34 percent in their total assets. Contrarily, total equity (including others) of insurance
sector posted a decline of 1.01 percent in CY18 as compared to the previous year. This decline in equity
(including others) is mainly attributed due to decline of 3.47 percent in equity of non-life insurance
companies in CY18 over CY17, which contributed 78.11 percent share in equity (including others) of
overall insurance sector in CY18. On the account of earnings, insurance sector posted decreases of 11.16
percent and 13.09 percent in profit before tax and after tax respectively in CY18. Decline in over-all
profit before tax and after tax is mainly due to life insurance companies whose YoY profit before tax and
after tax decline by 15.66 percent and 16.11 percent respectively during the year CY18. Similarly, life
insurance and takaful companies’ also posted decline in earning before and after taxation in CY18 as
compared to CY17.
Housing Finance Sector showed an increase of 2.71 percent in total assets which increased from Rs. 20.33
billion in CY17 to Rs. 20.88 billion in CY18. However, total equity (including others) showed a YoY
increase of 1.20 in CY18 over CY17. A significant decrease of 38.12 percent and 36.20 percent was
recorded in profit before tax and profit after tax respectively during CY18 as compared with CY17.
Balance sheet size of Venture Capital reduced by Rs 2.89 million or 6.24 percent decreased during FY18
over FY17. Total assets of Venture Capital decreased from Rs 46.26 million in FY17 to Rs 43.38 million
in FY18. Total liabilities also decreased from Rs 5.23 million in FY17 to Rs 3.88 million in FY18,
showing YoY decline of 25.83 percent in FY18. Total equity recorded a YoY decrease of 3.74 percent in
FY18 over the previous year.
vii
Financial Statements Analysis of Financial Sector
2018
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
Microfinance Banks
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 sector’s 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)



Life Insurance
Non-Life Insurance
Takaful
1
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.
1
Financial Statements Analysis of Financial Sector
2018
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 company’s
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 un-appropriated
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.
1.2 Concepts and Definitions
Banks, Development Finance Institutions (DFIs) and Microfinance Banks (MFBs)
Following variables are used for analysis of banks, DFIs and MFBs:
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, DFIs and MFBs 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.
2
Financial Statements Analysis of Financial Sector





Cash and Balances with Treasury Banks
Balances with Other Banks
Lending to Financial Institutions
Investment
Gross Advances





2018
Advances –Non-Performing/Classified
Provision Against Advances
Advances Net of Provision
Fixed Assets
Others
Profit and Loss Account
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
Net Interest Income
Provision and Write-offs
Net Interest Income after Provision





Non-Interest Income
Non-Interest Expense
Administrative Expenses
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’.
3
Financial Statements Analysis of Financial Sector
2018
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’
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
Profit and Loss Account
The amounts reported under the following heads are extracted from profit and loss accounts
along with relevant notes to accounts:




Income from Operating Lease
Income from Investment
Income from Finances
Other Income



Administrative Expenses
Profit/Loss before Tax
Profit/Loss after Tax
Other Items




No. of Ordinary Shares
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.
Stock Dividend
The number of bonus shares declared is also taken as percentage amount during the
period.
Cash Generated from Operating Activities
The amount is taken from the cash flow statement.
4
Financial Statements Analysis of Financial Sector
2018
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
 Others



Long Term Investment
Fixed Assets
Others
Profit and Loss Account
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
 Profit/Loss before Tax
 Profit/Loss after Tax
Other Items
These include:
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities
Mutual Funds (Close Ended)
The analysis includes the following variables:
Shareholders’ Equity
The composition and explanation of shareholders’ equity is same as explained earlier.
5
Financial Statements Analysis of Financial Sector
2018
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 company’s balance sheet and notes to financial statements.



Cash and Banks Balances
Investment
Others
Profit and Loss Account
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
 Other Income
 Dividend Income
 Remuneration to Management
Co-advisor
 Net Gain on Sale of Investment
 Remuneration to Trustees/Custodian
 Net Unrealized Gain
 Brokerage, Commission /Fee
 Income from Future
 Administrative and General
Transactions
Expenses
 Capital Gain
 Other Expenses
Other Items
The information on the following is extracted from the balance sheet and relevant notes to
financial statements:
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities
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
6
Financial Statements Analysis of Financial Sector


2018
Un-appropriated Profit/Loss
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

Cash and Banks Balances

Long Term Investment

Others

Fixed Assets

Others
Profit and Loss Account
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

Profit/Loss before Tax

Operating Profit

Profit/Loss after Tax
Other Items
These include:
 No. of certificates outstanding as mentioned in balance sheet.
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities
Exchange Companies
Following variables are included for analysis of exchange companies:
Shareholders’ Equity




Share Capital
Reserves
Accumulated Profit/Loss
Others
Liabilities
These include:
7
Financial Statements Analysis of Financial Sector


2018
Current Liabilities
Non-current Liabilities
Assets
These include:
Current Assets

Cash and Banks Balances

Others
Non-Current Assets



Long Term Investment
Fixed Assets
Others
Profit and Loss Account
The following items are taken from profit and loss account of the company:
 Revenues
 Admin and General Expenses
 Profit/Loss before Tax
 Profit/Loss after Tax
Other Items
The following items are extracted mainly from notes to accounts of the company:
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities
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
8
Financial Statements Analysis of Financial Sector



2018
Lease Finance
Long Term Finance
Others
Assets
The following items of current and non-current assets are taken for analysis:
Current Assets

Cash and Banks Balances

Others
Non-Current Assets


Investment in Housing Finance
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:
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities
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
9
Financial Statements Analysis of Financial Sector
2018
Assets
The current and non-current assets include.
Current Assets



Cash and Bank Balances
Investment
Others
Non-Current Assets
 Investment
 Venture Investment
 Fixed Assets
 Others
Profit and Loss Account
The following items are included in the analysis.
 Income
 Administrative and Operating Expenses
 Operating Profit
 Profit/Loss Before Taxation
 Profit/Loss After Taxation
Other Items
These include:
 No. of Ordinary Shares
 Cash Dividend
 Stock Dividend
 Cash Generated from Operating Activities
Insurance Companies
Following variables are involved in the analysis of Insurance Companies:
Shareholders’ Equity
These include:




Share Capital
Reserves
Un-appropriated Profit/Loss
Others
Liabilities
These include:


Balance in the Statutory Fund
Outstanding Claims, Premiums Received in Advance, Amount
10
Financial Statements Analysis of Financial Sector

2018
Due to Other Insurers
Other Liabilities
Assets
These include:

Cash and Balances with Banks
 Advances


Deposit with Banks
Investment in Govt. and Other
Securities
Investment in Securities and Properties
 Loan to Employees
 Other Assets

Profit and Loss Account
These include:




Interest/Investment Income
Net Premium
Gross Premium
Gross Claims




Net Claims
Underwriting Profit
Profit before Tax
Profit after Tax
Other Items
These include:




No. of Ordinary Shares
Cash Dividend
Stock Dividend
Cash Generated from Operating Activities
1.3 Performance Indicators
Pakistan’s 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.
11
Financial Statements Analysis of Financial Sector
2018
Efficiency/Profitability Ratio
Spread Ratio
=
Net Markup/Interest Income
∗ 100
Markup/Interest Earned
It is the amount of Net Markup/Interest Income divided by Markup/Interest Earned . This ratio is
useful for Banks, DFIs and MFBs.
Net Interest Margin Ratio
=
Total Interest Income – Total Interest Expense
Total Assets
*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, DFIs and MFBs.
Return on Assets (ROA)
Net Profit after Tax
=
∗ 100
Total Assets
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)
Net Profit after Tax
= Total Shareholders′ Equity*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
=
Total Non−Markup Income
Total Assets
∗ 100
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, DFIs and MFBs.
Interest Ratio
Interest Paid
= Interest Earned ∗ 100
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, DFIs and MFBs.
12
Financial Statements Analysis of Financial Sector
2018
Administrative Expenses to Profit before Tax
=
Administrative Expenses
Profit before Tax
This ratio expresses the relationship between administrative expenses and profit before tax. It is useful for
whole financial sector.
Net Interest Income after Provision to Total Assets
=
Net Interest Income after Provision
Total Assets
∗ 100
This is the ratio between interests earned less provision to total assets. It is useful for Banks, DFIs and
MFBs.
Non-Interest Expenses to Total Income
=
Non−interest expenses
∗ 100
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, DFIs and MFBs.
Administrative Expenses to Non-Interest Income
=
Administrative Expenses
Non−Interest Income
This ratio expresses total administrative expenses to non-interest income. It is useful for Banks, DFIs and
MFBs.
Earnings per Share (EPS)
=
Net Profit after Tax
No.of Ordinary Shares
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)
=
Profit before Tax
(Total Assets – Current Liabilities)
*100
ROCE is a ratio that indicates the efficiency and profitability of a company’s 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)
=
Net income
Revenue
∗ 100
13
Financial Statements Analysis of Financial Sector
2018
This is a measure of a company’s profitability, calculated as net income divided by revenue. This ratio is
useful for Leasing Company, Mutual Fund, etc.
Lease Ratio
=
Lease Income
Total Income
∗ 100
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
=
Operating Expense
*100
Net Income
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
=
Total Gains
∗
Total Income
100
A total gain comprises gain on sales of securities, gain on re-measurement, gain on disposal of long-term
investment, etc. It is useful for Mutual Fund.
Trading Income Ratio
=
Gain on Sale of Investments
∗ 100
Total Income
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.
Management Expenses Ratio
=
Remuneration to Advisor
Total Expenses
* 100
For mutual funds management expenses ratio is calculated by dividing remuneration to adviser by total
expenses.
14
Financial Statements Analysis of Financial Sector
2018
Net Investment in Finance Lease to Total Assets
=
Net Investment in Finance Lease
Total assets
∗ 100
This ratio expresses the relationship of net investment in finance lease to total assets. This ratio is useful
for leasing companies.
Earning per Certificate
Profit after Tax
= No.of Certificates
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.
Net Claims incurred Ratio
Net Claims
= Net Premium *100
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
=
Underwriting Profit
Net profit
∗ 100
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
=
Investment Income
Net Premium
∗ 100
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
=
Cash and Balances with Banks
Total Assets
∗ 100
This ratio expresses the percentage of total assets available in the form of highly liquid assets.
15
Financial Statements Analysis of Financial Sector
2018
Total Deposit and other Accounts to Total assets
=
Total Deposit and other Accounts
∗
Total assets
100
The ratio shows what percentage of total assets comprises total deposits and other accounts.
Investment and Total Assets
=
Total Investment
Total Assets
∗ 100
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.
Advances and Total Assets
=
Advances (Net)
Total Assets
∗ 100
This ratio expresses the relationship of advances (net) to total assets. This ratio is useful for banks, DFIs
and MFBs.
Total Liabilities to Total Assets
=
Total liabilities
Total Assets
∗ 100
The ratio shows the proportion of banks assets, which are financed through debt. This ratio is useful for
banks, DFIs and MFBs.
Gross Advances to Deposits
=
Gross Advances
*100
Deposits
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, DFIs and MFBs.
Gross advances to Borrowing and Deposits
Gross Advances
= (Borrowing +Deposits) ∗ 100
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, DFIs and MFBs.
Current Ratio
Current Assets
= Current Liabilities
16
Financial Statements Analysis of Financial Sector
2018
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, DFIs and
MFBs.
Long Term Investment to Total Assets
=
Long term Total Investment
Total Assets
∗ 100
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.
Assets Quality Ratios
Non-Performing Loans (NPLs) to Gross Advances
NPLs
= Gross Advances ∗ 100
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, DFIs and MFBs.
Provision against NPLs and Gross Advances
=
Provision against NPLs
Gross Advances
∗ 100
The ratio between provisions against classified loans/advances to gross advances reflects the quality of
advances of banks, DFIs and MFBs.
NPLs to Equity Ratio
NPLs
= Total Shareholders’ equity ∗ 100
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, DFIs and MFBs.
NPLs write-off to NPLs Provision Ratio
=
NPLs write−off
NPLs Provision
∗ 100
This ratio is calculated for banks, DFIs and MFBs.
NPLs Provision to NPLs Ratio
=
Provision for NPLs
∗
NPLs
100
The ratio reflects what percentage of provision has been made against NPLs. This ratio is useful for
Banks, DFIs and MFBs.
17
Financial Statements Analysis of Financial Sector
2018
Capital/Leverage Ratios
Capital Ratio
=
Total Shareholders’ Equity
∗
Total assets
100
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
=
Contingent Liabilities 𝑎𝑛𝑑 Commitments
Shareholders’ Equity
The ratio between contingent liabilities and commitments to shareholders’ equity expresses exposure of
contingent liabilities and commitments by banks.
Break-Up Value per Share
=
Total Shareholders’ Equity
No.of Ordinary Shares
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
=
Total Deposits
Total Shareholders′ Equity
The ratio shows the relationship between total deposits in a bank to the total shareholders’ equity.
Break-up Value per Certificate
=
Modaraba Certificate Holders′ Equity
No.of Modaraba Certificates
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)
=
Modaraba Certificate holders’ Equity
Total assets
∗ 100
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
=
Cash Generated from Operating Activities
Profit after Tax
18
Financial Statements Analysis of Financial Sector
2018
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
=
Cash Generated from Operating Activities
Current Liabilities
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.
19
Financial Statements Analysis of Financial Sector
Review and Financial Analysis
2018
Financial Statements Analysis of Financial Sector
2018
BANKS
T riliion Rs
P ERFORMANCE AT A GLANCE
Banking sector comprises local banks and foreign
Components of Balance Sheet
banks. Local banks include private sector banks,
Total Share Holder Equity Total Liabilities Total Assets
public sector banks and specialized banks. The
balance sheet size of the banking sector expanded
25.00
in CY18. Total assets of the banking sector grew
from Rs 18.54 trillion in CY17 to Rs 20.08 trillion
20.00
in CY18 showing an increase of 8.33 percent. Total
15.00
liabilities and equity (including others) witnessed
increases of 8.60 percent and 5.08 percent
10.00
respectively during the year. Growth of the banking
5.00
sector was attributed to an increase of 8.08 percent
0.00
in the balance sheet size of local banks. Foreign
2017 2018 2017
banks comprising 3.28 percent share in total assets
2018 2017
2018
Banks
of banking sector recorded an increase of 16.27
Local Banks
Foreign Banks
percent during CY18. Profit before and after tax of
banking sector as a whole increased by Rs 5.97 billion or 2.33 percent and Rs 8.91 billion or 5.84 percent
respectively during the year CY18 over CY17.
ANALYSIS OF TOTAL EQUITY
The equity (including others) of all banks increased from Rs 1.39 trillion in CY17 to Rs 1.46 trillion in
CY18 witnessing an increase of Rs 70.54 billion or 5.08 percent. Total equity (including others) of local
banks comprising 96.21percent equity share of banking sector witnessed an increase of 4.29 percent to
reach at Rs 1.40 trillion in CY18. Share capital/Head office account of banking sector witnessed an
increase of 19.51 percent to touch Rs 432.52 billion in CY18. Similarly, the share capital of foreign banks
recorded an increase of 45.42 percent to touch at Rs 43.53 billion in CY18. For all banks (local and
foreign), reserves increased by Rs 47.10 billion in CY18 as compared to CY17. Unappropriated profit of
banking industry touched Rs 441.01 billion in CY18 indicating an increase of Rs 45.63 billion or 11.54
percent over CY17.
Major Components of Liabilities
CY 17
16,000
CY 18
Growth (RHS)
14%
14,000
12%
12,000
10%
10,000
8%
8,000
6%
6,000
4%
4,000
2%
2,000
0%
0
Growth
Billion Rs
ANALYSIS OF LIABILITIES
Total liabilities of the banking sector witnessed an
increase of 8.60 percent to touch Rs 18.63 trillion
in CY18 over Rs 17.15 trillion in CY17. Deposits
of banking industry with 76.86 percent share of
total liabilities in CY18 depicted an increase of
10.72 percent from Rs 12.93 trillion in CY17 to
touch Rs 14.32 trillion in CY18. The liabilities of
local banks posted an increase of 8.39 percent or
Rs1.39 trillion in CY18 over CY17 and foreign
banks witnessed 15.15 percent or Rs 79.48 billion
increase in liabilities when compared with the
previous year. Liabilities of Local Banks and
Foreign Banks remained Rs 18.02 trillion and Rs
0.60 trillion in CY18 respectively.
-2%
Bills
payable
Borrowings Deposits Other/misc.
from
and other liabilities
financial accounts
institutions
21
Financial Statements Analysis of Financial Sector
2018
Growth (RHS)
Billion Rs
ANALYSIS OF ASSETS
Total assets of the banking sector increased from
Major Components of Assets
Rs 18.54 trillion in CY17 to Rs 20.08 trillion in
CY 17
CY 18
Growth (RHS)
CY18 registering an increase of 8.33 percent.
Investment of the banking sector was dropped by
10,000
160%
9,000
Rs 620.78 billion or 7.15 percent. Gross advances
140%
8,000
grew by 21.30 percent in CY18 as compared to
120%
7,000
100%
previous year. The analysis of components of total
6,000
80%
assets reveals that lending to financial institutions
5,000
60%
witnessed an increase of 54.88 percent in CY18,
4,000
40%
increased from Rs 580.38 billion in CY17 to touch
3,000
20%
Rs 898.93 billion in CY18. Increase in total assets
2,000
0%
1,000
of the banking sector was mainly attributed to local
0
-20%
banks which comprised 96.72 percent of banking
Cash & Lending Investment Advances
sector’s assets. Local banks assets increased by Rs
Cash
Gross
1.45 trillion or 8.08 percent during CY18 over
Equivalent
CY17. Similarly, total assets of foreign banks
witnessed an increase of Rs 92.25 billion or 16.27 percent in CY18 when compared with CY17. Lending
to financial institution of foreign banks made a contribution of Rs 242.28 billion with YoY increase of Rs
72.70 billion (42.87 percent) in CY18. Lending to financial institutions from local banks, was increased
by Rs245.84 billion or 59.84 percent in CY18. Gross advances of banking sector increased by 21.30
percent in CY18 from Rs 7.05 trillion in CY17 to Rs 8.55 trillion in CY18. The analysis of advances
reveals that Non-Performing Loans (NPL) increased by 5.77 percent or Rs 34.35 billion in CY18 over
CY17 whereas, provisions against NPL also increased by 5.94 percent over the previous year. Advances
net of provisions increased from Rs 6.51 trillion in CY17 to Rs 7.98 trillion in CY18 indicating an
increase of 22.55 percent.
P ROFITABILITY AND OPERATING EFFICIENCY
In terms of profitability of banking sector, CY18 witnessed an increase both in profits before and after
taxation. Profit before taxation increased from Rs 255.64 billion in CY17 to Rs 261.61 billion in CY18
witnessing a increase of 2.33 percent in CY18 over CY17. Profit after taxation increased from Rs 152.52
billion in CY17 to Rs 161.43 billion in CY18. Increase in profitability of banking sector is attributed to
foreign banks as its profit before taxation was increased by Rs 4.40 billion in CY18. Local banks,
recorded an increase of Rs 1.57 billion and Rs 6.08 billion in profit before and after taxation respectively
in CY18.
Ratio statistics of the banking industry revealed that return on equity (ROE) decreased from 13.27 percent
in CY17 to 12.79 percent in CY18 similarly return on assets (ROA) also decreased from 0.82 percent in
CY17 to 0.84 percent in CY18.
On the income side, Interest/mark-up income of all banks during CY18 was around Rs 1.16 trillion as
compared to Rs 0.99 trillion in CY17 witnessing an increase of Rs 165.58 billion or 16.70 percent in
CY18 over CY17. On the other side, interest/mark-up expenses were increased by Rs 115.31 billion or
23.04 percent in CY18 over CY17. The net interest/mark up income stood at Rs 541.28 billion in CY18,
constituting a YoY growth of 10.24 percent with an increase of Rs 50.27 billion in CY18. Nonmarkup/interest income of banking sector decreased from Rs 197.92 billion during CY17 to Rs 192.53
billion in CY18, depicting a decrease of 2.72 percent or Rs 5.38 billion.
22
Financial Statements Analysis of Financial Sector
Profit and Loss Accounts
CY 17
CY 18
Billions Rs
Performance Indicators
CY 17
300.0
2018
CY 18
30.0%
250.0
25.0%
200.0
20.0%
12.79%
15.0%
150.0
13.27%
255.64 261.61
6.28%
10.0%
100.0
8.44%
152.52 161.43
6.20%
5.0%
50.0
0.0%
0.0
Profit Before Taxation
7.36%
Profit After Taxation
0.82%
ROA
0.80%
ROE
NPL to Capital Ratio
Gross
advances
Net cash from operating activities moved from Rs 803.70 billion in CY17 to Rs 461.40 billion in CY18.
A major influx of Rs 829.93 million was noted against the National bank of Pakistan in CY18.
Ratio of Administrative expenses to the profit before tax of the banking sector raised from 1.50 in CY17
to 1.66 in CY 18 over CY17. Mark up interest expenses were 53.22 percent of mark up interest income in
CY18 slightly increasing from the previous year which was 50.48 percent. Deposits to total assets moved
up from 69.74 percent in CY17 to 71.28 percent in CY18.
Provisions against NPLs were recorded at 89.49 percent in CY18 for overall banking sector comprising
private, public, specialized and foreign banks. Capital ratio i.e. overall equity to total assets was recorded
at 6.28 percent in CY18 as compared to 6.20 percent in previous year.
23
Financial Statement Analysis of Financial Sector
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
969,039,392
491,706,221
254,239,227
223,093,944
250,938,994
10,790,890,100
134,293,786
992,897,367
9,238,145,244
425,553,703
12,010,868,487
724,429,154
141,602,932
424,443,086
5,312,038,514
5,022,807,378
610,311,461
487,437,628
4,535,369,750
255,605,449
617,379,602
1,096,903,165
522,814,905
293,103,899
280,984,361
163,710,381
12,797,383,126
145,294,918
1,801,826,875
10,392,774,296
457,487,037
14,057,996,672
954,162,043
187,576,572
325,280,792
6,919,020,441
5,344,554,308
585,404,809
514,066,649
4,830,487,659
268,564,729
572,904,436
1,175,498,718
534,612,611
304,936,372
335,949,735
174,822,622
14,539,437,305
211,162,200
1,928,723,371
11,764,688,240
634,863,494
15,889,758,645
1,186,502,771
158,026,748
542,138,720
7,512,974,884
5,997,009,849
552,131,134
512,292,695
5,484,717,154
296,878,467
708,519,901
1,149,807,067
413,014,554
341,413,315
395,379,198
238,908,131
17,151,321,267
264,242,205
3,091,646,420
12,930,256,100
865,176,542
18,540,036,464
1,295,237,258
150,155,990
580,383,714
8,684,912,973
7,045,906,738
595,011,025
531,592,658
6,514,314,080
369,102,820
945,929,629
1,262,042,353
432,521,958
388,513,190
441,007,205
197,211,394
18,625,598,171
290,242,627
3,052,211,076
14,315,831,284
967,313,184
20,084,851,918
3,230,093,980
153,916,655
898,927,300
8,064,134,160
8,546,713,218
629,359,006
563,193,294
7,983,519,924
418,506,646
(664,246,747)
923,630,745
504,770,274
418,860,471
29,105,275
389,755,196
164,911,042
311,248,523
301,347,857
244,163,368
161,013,539
973,247,698
483,979,803
489,267,895
42,324,977
446,942,918
211,545,122
338,588,425
327,847,033
319,892,613
193,263,032
934,072,694
453,676,143
480,396,551
7,335,018
473,061,533
200,231,724
363,532,224
356,619,079
309,738,983
187,913,637
991,557,513
500,547,007
491,010,506
42,719,477
448,291,029
197,915,100
390,564,403
384,308,753
255,641,725
152,523,602
1,157,140,504
615,855,888
541,284,616
32,398,920
508,885,696
192,531,555
432,962,248
434,709,937
261,610,586
161,432,814
933,618,104
5,107,992,607
1,990,742,929
6,312,046,637
648,976,716
6,849,274,333
803,696,156
9,725,481,559
461,401,263
11,829,050,642
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)(times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income(D8/D6)(times)
45.35%
3.49%
16.62%
1.34%
1.37%
3.25%
54.65%
1.23
28.59%
1.83
50.27%
3.48%
17.62%
1.37%
1.50%
3.18%
49.73%
1.02
28.58%
1.55
51.43%
3.02%
15.99%
1.18%
1.26%
2.98%
48.57%
1.15
32.05%
1.78
49.52%
2.65%
13.27%
0.82%
1.07%
2.42%
50.48%
1.50
32.84%
1.94
46.78%
2.69%
12.79%
0.80%
0.96%
2.53%
53.22%
1.66
32.08%
2.26
7.21%
44.23%
37.76%
76.91%
89.84%
54.37%
49.09%
8.12%
49.22%
34.36%
73.93%
91.03%
51.43%
43.83%
8.46%
47.28%
34.52%
74.04%
91.50%
50.97%
43.79%
7.80%
46.84%
35.14%
69.74%
92.51%
54.49%
43.98%
16.85%
40.15%
39.75%
71.28%
92.73%
59.70%
49.21%
12.15%
9.70%
62.98%
5.97%
79.87%
10.95%
9.62%
53.37%
8.23%
87.81%
9.21%
8.54%
46.97%
1.43%
92.78%
8.44%
7.54%
51.75%
8.04%
89.34%
7.36%
6.59%
49.87%
5.75%
89.49%
8.07%
5.27
9.53
7.80%
5.75
9.47
7.40%
5.83
10.01
6.20%
8.46
11.25
6.28%
9.37
11.34
5.80
10.30
3.45
5.27
2.86
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)
28
Financial Statement Analysis of Financial Sector
Local Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
935,727,210
458,813,069
254,082,900
222,831,241
250,376,424
10,587,053,787
130,722,032
916,649,220
9,130,636,652
409,045,883
11,773,157,422
697,148,058
139,791,624
411,702,558
5,185,061,111
4,960,270,001
605,555,328
482,588,246
4,477,681,755
254,532,119
607,240,197
1,070,003,876
504,697,475
292,939,108
272,367,293
163,526,381
12,563,631,286
142,312,848
1,693,320,543
10,286,882,208
441,115,687
13,797,161,543
934,166,527
185,545,634
305,983,872
6,745,664,302
5,303,837,767
582,237,625
510,888,276
4,792,949,491
267,058,078
565,793,639
1,147,953,319
516,623,156
304,767,668
326,562,495
174,797,023
14,174,226,026
204,717,489
1,739,940,551
11,617,595,874
611,972,112
15,496,976,368
1,164,124,326
152,602,602
501,486,040
7,236,170,337
5,961,454,568
549,167,872
509,322,140
5,452,132,428
295,317,904
695,142,731
1,107,089,379
383,079,258
341,250,276
382,759,845
239,157,002
16,626,697,362
256,847,735
2,771,631,693
12,761,095,463
837,122,471
17,972,943,742
1,258,583,107
146,793,891
410,809,207
8,391,785,863
7,002,365,569
592,115,871
528,606,577
6,473,758,992
367,484,945
923,727,737
1,206,192,465
388,989,747
388,351,647
428,851,071
197,822,971
18,021,491,831
283,417,539
2,679,173,800
14,123,142,224
935,758,268
19,425,507,267
3,175,650,626
148,853,722
656,649,401
7,814,274,715
8,472,711,023
626,518,861
560,115,297
7,912,595,726
416,973,045
(699,489,968)
906,013,975
497,263,971
408,750,004
29,135,489
379,614,515
162,082,412
304,701,571
294,888,284
237,630,601
156,887,421
958,252,439
476,117,336
482,135,103
42,834,022
439,301,081
204,324,913
333,925,082
323,247,084
309,693,910
186,817,615
916,558,858
441,925,090
474,633,768
7,433,099
467,200,669
193,348,184
359,118,941
352,302,537
301,407,862
182,854,815
963,523,344
482,728,497
480,794,847
42,703,374
438,091,473
192,740,470
385,433,044
379,374,087
245,398,898
146,335,485
1,119,567,426
592,452,967
527,114,459
32,312,019
494,802,440
185,109,231
426,113,784
428,151,627
246,968,560
152,420,248
45,706,871
50,280,289
50,877,996
37,598,233
38,189,275
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
N/A
N/A
918,171,653
4,480,866,229
N/A
N/A
1,908,052,623
5,466,725,847
N/A
N/A
710,655,701
5,459,083,323
N/A
N/A
792,951,644
8,151,767,837
N/A
N/A
448,647,093
10,251,008,844
45.12%
3.47%
16.77%
1.33%
1.38%
3.22%
54.88%
1.24
28.53%
1.82
3.43
50.31%
3.49%
17.46%
1.35%
1.48%
3.18%
49.69%
1.04
28.72%
1.58
3.72
51.78%
3.06%
15.93%
1.18%
1.25%
3.01%
48.22%
1.17
32.36%
1.82
3.59
49.90%
2.68%
13.22%
0.81%
1.07%
2.44%
50.10%
1.55
33.33%
1.97
3.89
47.08%
2.71%
12.64%
0.78%
0.95%
2.55%
52.92%
1.73
32.66%
2.31
3.99
7.11%
44.04%
38.03%
77.55%
89.93%
54.33%
49.37%
8.12%
48.89%
34.74%
74.56%
91.06%
51.56%
44.27%
8.50%
46.69%
35.18%
74.97%
91.46%
51.31%
44.63%
7.82%
46.69%
36.02%
71.00%
92.51%
54.87%
45.08%
17.11%
40.23%
40.73%
72.70%
92.77%
59.99%
50.43%
12.21%
9.73%
64.71%
6.04%
79.69%
10.98%
9.63%
54.41%
8.38%
87.75%
9.21%
8.54%
47.84%
1.46%
92.74%
8.46%
7.55%
53.48%
8.08%
89.27%
7.39%
6.61%
51.94%
5.77%
89.40%
7.95%
4.79
20.47
9.76
7.76%
5.11
21.28
9.61
7.41%
4.76
22.56
10.12
6.16%
7.36
29.45
11.53
6.21%
8.50
31.58
11.71
5.85
10.21
3.89
5.42
2.94
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
25
Financial Statement Analysis of Financial Sector
Public Sector Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
146,836,645
59,322,900
36,293,233
51,220,512
82,052,880
2,004,299,813
13,837,507
145,055,893
1,743,412,847
101,993,566
2,233,189,338
131,966,634
17,902,920
159,302,723
855,837,797
1,019,034,155
182,999,415
132,430,368
886,603,787
40,133,206
141,442,271
159,079,900
59,722,900
50,651,993
48,705,007
65,459,045
2,258,853,562
11,955,779
124,270,867
2,022,529,790
100,097,126
2,483,392,507
188,801,515
33,260,335
19,796,602
1,182,262,782
1,038,292,384
191,667,055
152,178,618
886,113,766
41,580,057
131,577,450
170,682,162
60,069,872
51,801,712
58,810,578
69,059,063
2,687,813,953
16,075,035
123,048,536
2,400,283,229
148,407,153
2,927,555,178
213,147,318
28,478,792
149,137,449
1,318,047,650
1,176,910,346
183,358,667
155,762,653
1,021,147,693
43,834,115
153,762,161
187,725,392
71,455,664
58,144,685
58,125,043
52,587,087
3,397,189,425
19,127,334
518,119,628
2,593,096,942
266,845,521
3,637,501,904
222,601,598
38,824,697
58,347,396
1,806,547,409
1,365,587,088
183,689,513
173,105,360
1,192,481,728
44,250,775
274,448,301
215,395,969
71,455,664
62,668,151
81,272,154
60,697,960
3,689,258,241
15,852,695
524,249,717
2,928,601,512
220,554,317
3,965,352,170
314,576,741
24,795,749
147,261,789
1,716,471,734
1,663,644,424
194,535,678
187,159,289
1,476,485,135
66,781,655
218,979,367
164,176,741
101,720,191
62,456,550
13,203,987
49,252,563
35,273,042
55,372,045
52,128,437
29,153,560
19,704,686
167,441,335
93,084,605
74,356,730
18,643,785
55,712,945
48,308,091
58,231,526
56,524,111
45,789,510
27,040,089
167,063,474
90,544,623
76,518,851
2,544,171
73,974,680
41,674,529
64,786,119
63,243,694
50,863,090
31,033,263
184,933,828
104,369,024
80,564,804
16,064,310
64,500,494
38,757,637
67,494,907
67,129,967
35,763,223
22,514,200
224,366,094
132,567,931
91,798,163
10,245,834
81,552,329
40,845,195
77,732,688
77,393,449
44,664,836
29,062,711
5,932,290
5,972,290
6,006,987
7,145,566
7,145,566
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
N/A
N/A
169,332,388
793,547,085
N/A
N/A
414,162,437
1,001,803,107
N/A
N/A
107,200,189
1,043,409,648
N/A
N/A
(138,545,992)
1,158,979,852
N/A
N/A
582,506,289
1,620,936,904
38.04%
2.80%
13.42%
0.88%
1.58%
2.21%
61.96%
1.79
27.76%
1.48
3.32
44.41%
2.99%
17.00%
1.09%
1.95%
2.24%
55.59%
1.23
26.99%
1.17
4.53
45.80%
2.61%
18.18%
1.06%
1.42%
2.53%
54.20%
1.24
31.04%
1.52
5.17
43.56%
2.21%
11.99%
0.62%
1.07%
1.77%
56.44%
1.88
30.17%
1.73
3.15
40.91%
2.32%
13.49%
0.73%
1.03%
2.06%
59.09%
1.73
29.31%
1.89
4.07
6.71%
38.32%
39.70%
78.07%
89.75%
58.45%
53.96%
8.94%
47.61%
35.68%
81.44%
90.96%
51.34%
48.36%
8.25%
45.02%
34.88%
81.99%
91.81%
49.03%
46.64%
7.19%
49.66%
32.78%
71.29%
93.39%
52.66%
43.89%
8.56%
43.29%
37.23%
73.85%
93.04%
56.81%
48.18%
17.96%
13.00%
124.63%
9.97%
72.37%
18.46%
14.66%
120.48%
12.25%
79.40%
15.58%
13.23%
107.43%
1.63%
84.95%
13.45%
12.68%
97.85%
9.28%
94.24%
11.69%
11.25%
90.32%
5.47%
96.21%
6.58%
5.40
24.75
11.87
6.41%
6.30
26.64
12.71
5.83%
6.11
28.41
14.06
5.16%
6.17
26.27
13.81
5.43%
7.53
30.14
13.60
8.59
15.32
3.45
-6.15
20.04
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
26
Financial Statement Analysis of Financial Sector
FIRST WOMEN BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
2,236,767
2,494,113
294,768
(552,114)
(24,816)
16,575,147
111,951
2,502,955
13,448,864
511,377
18,787,098
1,195,415
508,504
0
7,300,567
9,401,379
1,410,920
1,056,141
8,345,238
383,314
1,054,060
2,699,259
2,894,113
294,768
(489,622)
133,905
18,513,458
103,166
2,832,357
15,163,440
414,495
21,346,622
1,066,852
170,453
0
11,067,137
9,253,381
1,894,617
1,283,106
7,970,275
337,357
734,548
3,337,855
3,494,113
307,717
(463,975)
142,667
15,040,042
214,155
743,909
13,708,791
373,187
18,520,564
1,081,532
112,042
100,000
8,032,819
9,478,671
1,963,210
1,265,424
8,213,247
337,077
643,847
3,606,375
3,994,113
307,717
(695,455)
126,336
21,096,220
530,291
3,903,832
16,259,737
402,360
24,828,931
1,438,429
62,606
0
13,587,722
10,129,162
1,670,104
1,253,531
8,875,631
323,546
540,997
3,606,375
3,994,113
307,717
(695,455)
126,336
21,096,220
530,291
3,903,832
16,259,737
402,360
24,828,931
1,438,429
62,606
0
13,587,722
10,129,162
1,670,104
1,253,531
8,875,631
323,546
540,997
1,798,495
1,117,808
680,687
643,663
37,024
82,784
785,863
785,762
(666,055)
(499,891)
1,516,365
818,538
697,827
225,239
472,588
409,063
847,379
839,859
34,272
53,427
1,161,864
522,492
639,372
(17,667)
657,039
244,555
897,541
879,190
4,053
11,322
1,276,336
601,824
674,512
12,354
662,158
121,978
900,071
893,021
(115,935)
(238,038)
1,276,336
601,824
674,512
12,354
662,158
121,978
900,071
893,021
(115,935)
(238,038)
249,411
0.00%
0.00%
(1,221,207)
984,973
289,411
0.00%
0.00%
2,644,114
1,893,779
349,411
0.00%
0.00%
(3,732,382)
2,273,166
399,411
0.00%
0.00%
5,391,892
1,255,963
399,411
0.00%
0.00%
5,391,892
1,255,963
37.85%
3.62%
-22.35%
-2.66%
0.44%
0.20%
62.15%
-1.18
41.77%
9.49
-2.00
46.02%
3.27%
1.98%
0.25%
1.92%
2.21%
53.98%
24.51
44.01%
2.05
0.18
55.03%
3.45%
0.34%
0.06%
1.32%
3.55%
44.97%
216.92
63.82%
3.60
0.03
52.85%
2.72%
-6.60%
-0.96%
0.49%
2.67%
47.15%
-7.70
64.37%
7.32
-0.60
52.85%
2.72%
-6.60%
-0.96%
0.49%
2.67%
47.15%
-7.70
64.37%
7.32
-0.60
9.07%
38.86%
44.42%
71.59%
88.23%
69.90%
58.94%
5.80%
51.84%
37.34%
71.03%
86.73%
61.02%
51.42%
6.44%
43.37%
44.35%
74.02%
81.21%
69.14%
65.58%
6.05%
54.73%
35.75%
65.49%
84.97%
62.30%
50.23%
6.05%
54.73%
35.75%
65.49%
84.97%
62.30%
50.23%
15.01%
11.23%
63.08%
60.94%
74.85%
20.47%
13.87%
70.19%
17.55%
67.72%
20.71%
13.35%
58.82%
-1.40%
64.46%
16.49%
12.38%
46.31%
0.99%
75.06%
16.49%
12.38%
46.31%
0.99%
75.06%
11.91%
0.44
8.97
6.01
12.64%
0.70
9.33
5.62
18.02%
0.68
9.55
4.11
14.52%
0.35
9.03
4.51
14.52%
0.35
9.03
4.51
2.44
49.49
-329.66
-22.65
-22.65
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
27
Financial Statement Analysis of Financial Sector
NATIONAL BANK OF PAKISTAN
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
110,355,550
21,275,131
32,073,606
57,006,813
67,973,351
1,364,725,416
11,011,827
37,541,497
1,233,525,490
82,646,602
1,543,054,317
97,971,501
12,108,025
111,788,608
561,764,137
728,064,058
120,841,000
101,359,975
626,704,083
30,885,076
101,832,887
116,011,433
21,275,131
45,580,712
49,155,590
52,340,042
1,538,009,908
9,171,616
21,911,190
1,431,036,598
75,890,504
1,706,361,383
150,899,778
20,128,273
7,694,516
829,245,898
691,852,112
127,280,000
113,729,952
578,122,160
31,057,977
89,212,781
120,014,623
21,275,131
46,800,341
51,939,151
56,718,153
1,832,122,164
10,187,250
44,863,930
1,657,312,093
119,758,891
2,008,854,940
160,172,561
13,828,477
121,709,399
897,130,749
781,475,768
119,416,000
114,086,313
667,389,455
32,016,837
116,607,462
125,692,679
21,275,131
50,356,895
54,060,653
49,689,402
2,329,938,887
13,195,054
360,105,674
1,727,102,019
229,536,140
2,505,320,968
160,089,619
26,403,906
26,916,113
1,295,719,550
856,937,772
120,798,000
117,165,789
739,771,983
32,210,079
224,209,718
146,882,410
21,275,131
53,274,402
72,332,877
59,986,125
2,591,697,653
9,944,178
392,739,396
2,011,385,201
177,628,878
2,798,566,188
247,518,270
12,202,020
106,391,667
1,284,319,388
1,059,480,147
133,360,000
133,473,143
926,007,004
53,859,883
168,267,956
114,173,519
68,369,504
45,804,015
11,077,115
34,726,900
30,377,293
43,103,450
39,967,101
22,000,743
15,028,229
113,661,831
59,940,895
53,720,936
11,821,383
41,899,553
34,983,427
43,667,372
42,120,439
33,215,608
19,218,864
114,402,671
59,578,235
54,824,436
(701,257)
55,525,693
29,966,606
48,351,084
46,943,418
37,141,215
22,752,285
123,072,600
68,819,721
54,252,879
1,191,944
53,060,935
31,065,870
48,527,537
48,224,847
35,599,268
23,027,987
149,968,712
89,302,482
60,666,230
11,300,373
49,365,857
36,248,936
55,931,412
55,687,359
29,683,381
20,015,122
2,127,513
0.20%
0.00%
87,022,761
613,219,089
2,127,513
0.75%
0.00%
351,663,198
838,576,330
2,127,513
0.75%
0.00%
45,349,026
847,438,860
2,127,513
0.00%
0.00%
(232,540,971)
967,675,924
2,127,513
0.00%
0.00%
597,385,382
1,410,038,651
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
40.12%
2.97%
13.62%
0.97%
1.97%
2.25%
59.88%
1.82
29.82%
1.32
7.06
47.26%
3.15%
16.57%
1.13%
2.05%
2.46%
52.74%
1.27
29.38%
1.20
9.03
47.92%
2.73%
18.96%
1.13%
1.49%
2.76%
52.08%
1.26
33.49%
1.57
10.69
44.08%
2.17%
18.32%
0.92%
1.24%
2.12%
55.92%
1.35
31.48%
1.55
10.82
40.45%
2.17%
13.63%
0.72%
1.30%
1.76%
59.55%
1.88
30.04%
1.54
9.41
7.13%
36.41%
40.61%
79.94%
88.44%
59.02%
57.28%
10.02%
48.60%
33.88%
83.86%
90.13%
48.35%
47.62%
8.66%
44.66%
33.22%
82.50%
91.20%
47.15%
45.91%
7.44%
51.72%
29.53%
68.94%
93.00%
49.62%
41.06%
9.28%
45.89%
33.09%
71.87%
92.61%
52.67%
44.07%
16.60%
13.92%
109.50%
10.93%
83.88%
18.40%
16.44%
109.71%
10.39%
89.35%
15.28%
14.60%
99.50%
-0.61%
95.54%
14.10%
13.67%
96.11%
1.02%
96.99%
12.59%
12.60%
90.79%
8.47%
100.08%
7.15%
5.56
51.87
11.18
6.80%
7.23
54.53
12.34
5.97%
7.06
56.41
13.81
5.02%
7.70
59.08
13.74
5.25%
9.60
69.04
13.69
5.79
18.30
1.99
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
28
-10.10
29.85
Financial Statement Analysis of Financial Sector
SINDH BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
12,777,454
10,000,000
676,543
2,100,911
1,324,940
110,769,086
399,591
46,076,636
61,884,036
2,408,823
124,871,480
5,066,350
537,713
12,665,492
59,466,891
41,203,781
340,359
19,078
41,184,703
1,741,637
4,208,694
13,999,511
10,000,000
922,596
3,076,915
758,879
113,483,725
288,681
27,160,697
84,076,644
1,957,703
128,242,115
5,097,608
1,936,079
0
70,394,245
46,708,032
290,280
2,538,943
44,169,089
1,826,519
4,818,575
15,396,853
10,010,130
1,200,812
4,185,911
134,032
130,824,488
714,212
8,910,738
119,022,240
2,177,298
146,355,373
7,500,675
791,478
6,938,610
71,539,737
55,979,573
1,569,380
4,146,391
51,833,182
1,759,192
5,992,499
16,637,929
10,010,130
1,451,979
5,175,820
(570,121)
188,414,668
905,423
50,971,174
134,207,056
2,331,015
204,482,476
9,679,582
3,023,451
5,331,327
114,259,902
69,112,166
5,462,160
4,398,825
64,713,341
1,593,876
5,880,997
16,637,929
10,010,130
1,451,979
5,175,820
(570,121)
188,414,668
905,423
50,971,174
134,207,056
2,331,015
204,482,476
9,679,582
3,023,451
5,331,327
114,259,902
69,112,166
5,462,160
4,398,825
64,713,341
1,593,876
5,880,997
8,932,332
5,496,985
3,435,347
19,078
3,416,269
956,465
2,761,048
2,740,050
1,611,686
1,079,479
10,127,239
5,684,824
4,442,415
2,520,355
1,922,060
3,491,838
3,362,399
3,353,026
2,051,499
1,230,263
9,775,399
5,371,167
4,404,232
1,607,448
2,796,784
3,495,950
3,864,804
3,864,279
2,427,930
1,390,826
11,541,183
6,276,431
5,264,752
252,434
5,012,318
1,327,696
4,157,580
4,148,159
2,182,434
1,255,835
11,541,183
6,276,431
5,264,752
252,434
5,012,318
1,327,696
4,157,580
4,148,159
2,182,434
1,255,835
1,000,000
0.00%
0.00%
22,133,894
80,967,344
1,000,000
0.00%
0.00%
13,713,559
53,802,646
1,001,013
0.00%
0.00%
3,340,734
62,704,482
1,001,013
0.00%
0.00%
48,301,254
34,328,587
1,001,013
0.00%
0.00%
48,301,254
34,328,587
38.46%
2.75%
8.45%
0.86%
0.77%
2.74%
61.54%
1.70
27.92%
2.86
1.08
43.87%
3.46%
8.79%
0.96%
2.72%
1.50%
56.13%
1.63
24.69%
0.96
1.23
45.05%
3.01%
9.03%
0.95%
2.39%
1.91%
54.95%
1.59
29.12%
1.11
1.39
45.62%
2.57%
7.55%
0.61%
0.65%
2.45%
54.38%
1.90
32.31%
3.12
1.25
45.62%
2.57%
7.55%
0.61%
0.65%
2.45%
54.38%
1.90
32.31%
3.12
1.25
4.49%
47.62%
32.98%
49.56%
88.71%
66.58%
38.17%
5.48%
54.89%
34.44%
65.56%
88.49%
55.55%
41.99%
5.67%
48.88%
35.42%
81.32%
89.39%
47.03%
43.76%
6.21%
55.88%
31.65%
65.63%
92.14%
51.50%
37.32%
6.21%
55.88%
31.65%
65.63%
92.14%
51.50%
37.32%
0.83%
0.05%
2.66%
100.00%
5.61%
0.62%
5.44%
2.07%
99.27%
874.65%
2.80%
7.41%
10.19%
38.77%
264.21%
7.90%
6.36%
32.83%
5.74%
80.53%
7.90%
6.36%
32.83%
5.74%
80.53%
10.23%
6.34
12.78
4.84
10.92%
3.84
14.00
6.01
10.52%
4.07
15.38
7.73
8.14%
2.06
16.62
8.07
8.14%
2.06
16.62
8.07
20.50
11.15
2.40
38.46
38.46
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
29
Financial Statement Analysis of Financial Sector
THE BANK OF KHYBER
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
13,210,811
10,002,524
1,430,231
1,778,056
1,708,761
111,186,683
586,407
14,192,181
92,263,694
4,144,401
126,106,255
4,110,957
2,509,508
2,100,000
72,431,445
43,242,574
4,756,683
3,185,404
40,057,170
1,641,054
3,256,121
13,972,998
10,002,524
1,788,074
2,182,400
1,944,578
139,241,157
504,884
17,130,194
117,292,012
4,314,067
155,158,733
5,546,796
6,513,497
5,988,824
95,512,456
40,137,147
5,132,863
3,683,536
36,453,611
1,924,825
3,218,724
14,685,246
10,002,524
2,192,169
2,490,553
1,457,298
190,257,730
775,938
28,700,825
157,020,365
3,760,602
206,400,274
8,636,526
9,980,928
8,827,307
141,602,355
36,054,479
5,456,524
4,410,594
31,643,885
2,070,554
3,638,719
14,943,251
10,002,524
2,550,263
2,390,464
454,868
229,734,265
1,131,241
64,189,586
159,246,974
5,166,464
245,132,384
8,916,018
3,257,351
1,529,106
140,473,783
87,672,573
4,808,257
4,303,521
83,369,052
2,233,549
5,353,525
13,809,276
10,002,524
2,643,483
1,163,269
(2,104,692)
211,390,399
895,126
34,842,114
171,167,556
4,485,603
223,094,983
12,351,453
3,705,360
7,695,642
94,233,239
99,166,975
4,658,352
4,155,072
95,011,903
2,216,422
7,880,964
9,750,676
6,210,111
3,540,565
234,645
3,305,920
1,066,070
2,471,467
2,420,493
1,900,523
1,309,420
10,869,473
6,441,550
4,427,923
580,542
3,847,381
1,799,422
2,688,171
2,821,196
2,958,632
1,789,214
12,049,052
7,642,575
4,406,477
630,779
3,775,698
2,672,988
3,208,735
3,210,806
3,239,951
2,020,476
14,375,382
9,576,349
4,799,033
(123,201)
4,922,234
1,650,819
3,777,654
3,774,878
2,795,398
1,790,471
14,686,465
9,547,084
5,139,381
(170,962)
5,310,343
(526,345)
4,077,397
4,052,247
706,601
466,099
1,000,252
10.00%
0.00%
29,039,497
16,125,707
1,000,252
12.50%
0.00%
24,578,335
17,199,886
1,000,252
15.00%
0.00%
55,468,753
22,485,665
1,000,252
0.15%
0.00%
(3,663,312)
20,941,435
1,000,252
0.00%
0.00%
(36,733,783)
29,505,219
36.31%
2.81%
9.91%
1.04%
0.85%
2.62%
63.69%
1.27
22.85%
2.27
1.31
40.74%
2.85%
12.80%
1.15%
1.16%
2.48%
59.26%
0.95
21.22%
1.57
1.79
36.57%
2.13%
13.76%
0.98%
1.30%
1.83%
63.43%
0.99
21.80%
1.20
2.02
33.38%
1.96%
11.98%
0.73%
0.67%
2.01%
66.62%
1.35
23.57%
2.29
1.79
34.99%
2.30%
3.38%
0.21%
-0.24%
2.38%
65.01%
5.73
28.79%
-7.70
0.47
5.25%
57.44%
31.76%
73.16%
88.17%
46.87%
40.62%
7.77%
61.56%
23.49%
75.59%
89.74%
34.22%
29.86%
9.02%
68.61%
15.33%
76.08%
92.18%
22.96%
19.41%
4.97%
57.31%
34.01%
64.96%
93.72%
55.05%
39.24%
7.20%
42.24%
42.59%
76.72%
94.75%
57.94%
48.14%
11.00%
7.37%
36.01%
7.37%
66.97%
12.79%
9.18%
36.73%
15.76%
71.76%
15.13%
12.23%
37.16%
14.30%
80.83%
5.48%
4.91%
32.18%
-2.86%
89.50%
4.70%
4.19%
33.73%
-4.11%
89.20%
10.48%
1.22
13.21
6.98
9.01%
1.23
13.97
8.39
7.11%
1.53
14.68
10.69
6.10%
1.40
14.94
10.66
6.19%
2.14
13.81
12.40
22.18
13.74
27.45
-2.05
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
30
-78.81
Financial Statement Analysis of Financial Sector
THE BANK OF PUNJAB
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
8,256,063
15,551,132
1,818,085
(9,113,154)
11,070,644
401,043,481
1,727,731
44,742,624
342,290,763
12,282,363
420,370,188
23,622,411
2,239,170
32,748,623
154,874,757
197,122,363
55,650,453
26,809,770
170,312,593
5,482,125
31,090,509
12,396,699
15,551,132
2,065,843
(5,220,276)
10,281,641
449,605,314
1,887,432
55,236,429
374,961,096
17,520,357
472,283,654
26,190,481
4,512,033
6,113,262
176,043,046
250,341,712
57,069,295
30,943,081
219,398,631
6,433,379
33,592,822
17,247,585
15,287,974
1,300,673
658,938
10,606,913
519,569,529
4,183,480
39,829,134
453,219,740
22,337,175
547,424,027
35,756,024
3,765,867
11,562,133
199,741,990
293,921,855
54,953,553
31,853,931
262,067,924
7,650,455
26,879,634
26,845,158
26,173,766
3,477,831
(2,806,439)
2,886,602
628,005,385
3,365,325
38,949,362
556,281,156
29,409,542
657,737,145
42,477,950
6,077,383
24,570,850
242,506,452
341,735,415
50,950,992
45,983,694
295,751,721
7,889,725
38,463,064
34,459,979
26,173,766
4,990,570
3,295,643
3,260,312
676,659,301
3,577,677
41,793,201
595,581,962
35,706,461
714,379,592
43,589,007
5,802,312
27,843,153
210,071,483
425,755,974
49,385,062
43,878,718
381,877,256
8,787,928
36,408,453
29,521,719
20,525,783
8,995,936
1,229,486
7,766,450
2,790,430
6,250,217
6,215,031
4,306,663
2,787,449
31,266,427
20,198,798
11,067,629
3,496,266
7,571,363
7,624,341
7,666,205
7,389,591
7,529,499
4,748,321
29,674,488
17,430,154
12,244,334
1,024,868
11,219,466
5,294,430
8,463,955
8,346,001
8,049,941
4,858,354
34,668,327
19,094,699
15,573,628
14,730,779
842,849
4,591,274
10,132,065
10,089,062
(4,697,942)
(3,322,055)
46,893,398
26,840,110
20,053,288
(1,148,365)
21,201,653
3,672,930
12,666,228
12,612,663
12,208,355
7,563,693
1,555,113
0.00%
0.00%
32,357,443
82,249,972
1,555,113
0.00%
0.00%
21,563,231
90,330,466
1,528,797
0.00%
0.00%
6,774,058
108,507,475
2,617,377
0.00%
0.00%
43,965,145
134,777,943
2,617,377
0.00%
0.00%
(31,838,456)
145,808,484
30.47%
2.14%
33.76%
0.66%
0.66%
1.85%
69.53%
1.44
19.34%
2.23
1.79
35.40%
2.34%
38.30%
1.01%
1.61%
1.60%
64.60%
0.98
19.71%
0.97
3.05
41.26%
2.24%
28.17%
0.89%
0.97%
2.05%
58.74%
1.04
24.20%
1.58
3.18
44.92%
2.37%
-12.37%
-0.51%
0.70%
0.13%
55.08%
-2.15
25.81%
2.20
-1.27
42.76%
2.81%
21.95%
1.06%
0.51%
2.97%
57.24%
1.03
25.05%
3.43
2.89
6.15%
36.84%
40.51%
81.43%
95.40%
57.59%
50.93%
6.50%
37.27%
46.45%
79.39%
95.20%
66.76%
58.19%
7.22%
36.49%
47.87%
82.79%
94.91%
64.85%
59.61%
7.38%
36.87%
44.97%
84.57%
95.48%
61.43%
57.41%
6.91%
29.41%
53.46%
83.37%
94.72%
71.49%
66.80%
28.23%
13.60%
674.06%
4.59%
48.18%
22.80%
12.36%
460.36%
11.30%
54.22%
18.70%
10.84%
318.62%
3.22%
57.97%
14.91%
13.46%
189.80%
32.03%
90.25%
11.60%
10.31%
143.31%
-2.62%
88.85%
1.96%
9.96
5.31
41.46
2.62%
7.29
7.97
30.25
3.15%
6.29
11.28
26.28
4.08%
5.02
10.26
20.72
4.82%
4.23
13.17
17.28
11.61
4.54
1.39
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
31
-13.23
-4.21
Financial Statement Analysis of Financial Sector
Private Sector Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
776,744,102
382,637,010
206,411,321
187,695,771
70,331,186
8,501,806,598
116,231,603
746,437,816
7,353,315,316
285,821,863
9,348,881,887
559,502,431
115,039,182
250,207,726
4,295,230,297
3,801,885,848
389,976,945
330,275,992
3,471,609,856
208,043,194
449,249,201
893,155,599
428,121,383
229,832,156
235,202,060
50,915,920
10,150,083,509
129,862,472
1,485,607,897
8,218,902,120
315,711,020
11,094,155,028
741,546,666
134,091,917
284,190,530
5,537,093,906
4,106,149,914
360,500,198
340,823,003
3,765,326,911
218,588,622
413,316,476
956,519,542
433,751,493
245,777,088
276,990,961
58,281,226
11,306,428,678
188,035,439
1,534,136,465
9,147,869,314
436,387,460
12,321,229,446
946,129,150
103,151,503
350,771,632
5,873,148,624
4,618,421,427
329,601,183
335,416,585
4,283,004,842
244,617,104
520,406,591
898,718,612
288,823,164
275,886,666
334,008,782
136,459,772
13,046,513,446
237,078,512
2,168,908,526
10,097,586,740
542,939,668
14,081,691,829
1,030,917,544
86,393,217
351,059,201
6,538,132,085
5,470,694,860
372,263,563
337,376,398
5,133,318,462
313,880,600
627,990,720
970,415,510
294,733,579
318,435,336
357,246,595
87,115,926
14,148,610,982
266,920,037
2,070,320,544
11,123,862,738
687,507,663
15,206,142,418
2,855,919,121
103,159,011
507,985,002
6,050,418,396
6,642,453,601
395,777,829
354,831,189
6,287,622,412
340,831,778
(939,793,302)
723,759,691
392,432,745
331,326,946
14,502,484
316,824,462
121,908,296
239,320,346
232,790,911
200,047,657
131,701,895
769,985,200
376,360,382
393,624,818
24,704,754
368,920,064
149,518,936
263,510,529
254,730,635
254,921,469
153,944,082
727,490,876
345,328,678
382,162,198
2,990,485
379,171,713
146,852,635
281,908,878
276,966,540
244,093,420
148,425,358
756,484,953
372,262,372
384,222,581
24,773,046
359,449,535
149,170,149
305,244,895
299,979,727
203,374,789
120,507,989
872,972,611
453,748,263
419,224,348
20,200,167
399,024,181
139,438,237
335,610,799
338,376,730
196,022,292
120,038,321
38,263,704
42,812,140
43,375,150
28,882,317
29,473,358
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
N/A
N/A
746,429,861
3,680,298,860
N/A
N/A
1,491,236,538
4,455,518,250
N/A
N/A
583,550,192
4,399,721,153
N/A
N/A
908,768,455
6,974,975,990
N/A
N/A
(155,494,355)
8,612,216,277
45.78%
3.54%
16.96%
1.41%
1.30%
3.39%
54.22%
1.16
28.30%
1.91
3.44
51.12%
3.55%
17.24%
1.39%
1.35%
3.33%
48.88%
1.00
28.66%
1.70
3.60
52.53%
3.10%
15.52%
1.20%
1.19%
3.08%
47.47%
1.13
32.24%
1.89
3.42
50.79%
2.73%
13.41%
0.86%
1.06%
2.55%
49.21%
1.48
33.70%
2.01
4.17
48.02%
2.76%
12.37%
0.79%
0.92%
2.62%
51.98%
1.73
33.15%
2.43
4.07
7.22%
45.94%
37.13%
78.65%
90.94%
51.70%
46.94%
7.89%
49.91%
33.94%
74.08%
91.49%
49.96%
42.31%
8.52%
47.67%
34.76%
74.24%
91.76%
50.49%
43.24%
7.93%
46.43%
36.45%
71.71%
92.65%
54.18%
44.60%
19.46%
39.79%
41.35%
73.15%
93.05%
59.71%
50.34%
10.26%
8.69%
50.21%
4.39%
84.69%
8.78%
8.30%
40.36%
7.25%
94.54%
7.14%
7.26%
34.46%
0.89%
101.76%
6.80%
6.17%
41.42%
7.34%
90.63%
5.96%
5.34%
40.78%
5.69%
89.65%
8.31%
4.74
20.30
9.47
8.05%
4.99
20.86
9.20
7.76%
4.60
22.05
9.56
6.38%
7.76
31.12
11.24
6.38%
8.87
32.93
11.46
5.67
9.69
3.93
7.54
-1.30
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
32
Financial Statement Analysis of Financial Sector
ALBARAKA BANK (PAKISTAN) LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
6,722,476
8,935,200
111,259
(2,323,983)
(821,166)
88,447,470
679,810
2,211,568
80,222,579
5,333,513
94,348,780
6,465,268
3,741,342
10,005,950
19,560,668
49,834,281
4,176,617
2,811,703
47,022,578
2,667,194
4,885,780
6,959,238
8,935,200
159,348
(2,135,310)
(686,001)
80,659,273
883,698
2,108,255
71,644,386
6,022,934
86,932,510
10,847,429
1,560,544
1,831,716
17,358,401
50,548,142
4,042,561
2,903,452
47,644,690
2,671,911
5,017,819
10,984,841
13,106,862
159,348
(2,281,369)
404,662
117,322,553
3,909,415
3,223,109
103,320,059
6,869,970
128,712,056
18,725,350
984,125
2,692,703
24,601,518
71,090,188
7,146,027
4,304,922
66,785,266
2,617,734
12,305,360
10,590,487
13,106,862
159,348
(2,675,723)
171,734
111,890,172
3,658,120
3,209,400
96,622,925
8,399,727
122,652,393
8,915,585
2,932,165
5,095,411
19,393,486
75,492,269
7,651,332
4,289,213
71,203,056
2,361,576
12,751,114
10,351,871
13,106,862
159,348
(2,914,339)
353,212
118,107,956
3,697,477
3,836,022
99,915,011
10,659,446
128,813,039
14,934,799
854,171
0
21,345,325
79,771,998
7,020,606
4,760,022
75,011,976
2,310,578
14,356,190
6,682,974
4,513,250
2,169,724
85,244
2,084,480
726,500
2,594,392
2,545,583
216,588
145,923
6,269,086
3,790,618
2,478,468
(125,442)
2,603,910
656,344
2,853,645
2,848,910
406,609
240,446
5,158,073
2,794,910
2,363,163
(164,250)
2,527,413
874,200
3,502,361
3,414,381
(100,748)
(155,527)
6,717,570
3,077,721
3,639,849
185,354
3,454,495
967,796
4,953,364
4,929,047
(531,073)
(389,438)
8,031,610
3,814,832
4,216,778
770,029
3,446,749
1,096,768
4,788,529
4,782,531
(245,012)
(253,728)
893,520
0.00%
0.00%
(18,149,262)
18,906,867
893,520
0.00%
0.00%
1,130,706
15,603,136
1,310,686
0.00%
0.00%
9,232,119
22,992,868
1,310,686
0.00%
0.00%
(13,868,634)
57,812,684
1,310,686
0.00%
0.00%
4,867,484
78,807,206
32.47%
2.30%
2.17%
0.15%
0.77%
2.21%
67.53%
11.75
35.01%
3.50
0.16
39.53%
2.85%
3.46%
0.28%
0.76%
3.00%
60.47%
7.01
41.21%
4.34
0.27
45.81%
1.84%
-1.42%
-0.12%
0.68%
1.96%
54.19%
-33.89
58.06%
3.91
-0.12
54.18%
2.97%
-3.68%
-0.32%
0.79%
2.82%
45.82%
-9.28
64.45%
5.09
-0.30
52.50%
3.27%
-2.45%
-0.20%
0.85%
2.68%
47.50%
-19.52
52.46%
4.36
-0.19
10.82%
20.73%
49.84%
85.03%
93.75%
62.12%
60.45%
14.27%
19.97%
54.81%
82.41%
92.78%
70.55%
68.54%
15.31%
19.11%
51.89%
80.27%
91.15%
68.81%
66.72%
9.66%
15.81%
58.05%
78.78%
91.23%
78.13%
75.62%
12.26%
16.57%
58.23%
77.57%
91.69%
79.84%
76.89%
8.38%
5.64%
62.13%
3.03%
67.32%
8.00%
5.74%
58.09%
-4.32%
71.82%
10.05%
6.06%
65.05%
-3.82%
60.24%
10.14%
5.68%
72.25%
4.32%
56.06%
8.80%
5.97%
67.82%
16.18%
67.80%
7.13%
2.81
7.52
11.93
8.01%
2.24
7.79
10.29
8.53%
2.09
8.38
9.41
8.63%
5.46
8.08
9.12
8.04%
7.61
7.90
9.65
-124.38
4.70
-59.36
35.61
-19.18
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
33
Financial Statement Analysis of Financial Sector
ALLIED BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
62,053,785
11,450,739
13,549,355
37,053,691
18,836,540
761,378,802
4,831,801
66,096,472
667,877,615
22,572,914
842,269,127
41,254,975
873,494
2,030,062
428,790,733
325,824,966
22,921,542
19,810,564
306,014,402
26,285,358
37,020,103
67,968,647
11,450,739
15,102,026
41,415,882
21,287,810
902,409,055
4,942,189
137,959,818
734,596,166
24,910,882
991,665,512
56,711,573
4,077,598
3,356,091
544,349,490
340,769,406
21,903,729
19,164,266
321,605,140
28,062,325
33,503,295
74,474,468
11,450,739
16,533,485
46,490,244
26,199,360
968,271,920
9,848,795
126,368,875
805,110,834
26,943,416
1,068,945,748
73,203,717
679,923
10,512,752
589,864,548
348,346,063
20,431,609
18,783,872
329,562,191
31,765,903
33,356,714
78,643,302
11,450,739
17,980,116
49,212,447
28,073,051
1,142,949,305
7,835,467
223,556,383
883,740,709
27,816,746
1,249,665,658
85,367,385
648,765
8,694,399
698,082,066
388,751,651
18,051,749
16,713,937
372,037,714
46,867,935
37,967,394
84,227,659
11,450,739
20,276,515
52,500,405
23,077,174
1,243,301,270
7,752,959
225,882,986
984,475,183
25,190,142
1,350,606,103
99,188,414
2,575,055
53,785,679
671,228,285
453,868,259
16,064,641
15,549,365
438,318,894
50,378,537
35,131,239
67,001,497
38,815,342
28,186,155
1,609,307
26,576,848
12,735,754
17,110,845
16,961,650
22,201,757
15,015,092
72,116,230
35,976,740
36,139,490
1,524,368
34,615,122
9,755,138
18,866,880
18,175,080
25,503,380
15,120,307
64,592,588
31,345,347
33,247,241
(260,453)
33,507,694
11,210,491
20,886,967
20,295,643
23,831,218
14,427,050
65,708,757
34,130,494
31,578,263
(2,526,148)
34,104,411
8,712,261
21,937,977
21,423,547
20,878,695
12,733,636
73,274,161
41,158,720
32,115,441
(1,089,688)
33,205,129
11,289,440
23,306,031
24,347,038
21,016,427
12,880,518
1,145,074
0.65%
0.00%
57,504,209
201,128,218
1,145,074
0.70%
0.00%
148,505,002
281,449,528
1,145,074
0.73%
0.00%
63,803,312
189,683,417
1,145,074
0.70%
0.00%
119,789,804
235,905,181
1,145,074
0.80%
0.00%
33,679,500
379,526,640
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
42.07%
3.35%
24.20%
1.78%
1.51%
3.16%
57.93%
0.76
21.46%
1.33
13.11
50.11%
3.64%
22.25%
1.52%
0.98%
3.49%
49.89%
0.71
23.04%
1.86
13.20
51.47%
3.11%
19.37%
1.35%
1.05%
3.13%
48.53%
0.85
27.55%
1.81
12.60
48.06%
2.53%
16.19%
1.02%
0.70%
2.73%
51.94%
1.03
29.48%
2.46
11.12
43.83%
2.38%
15.29%
0.95%
0.84%
2.46%
56.17%
1.16
27.56%
2.16
11.25
5.00%
50.91%
36.33%
79.30%
90.40%
48.79%
44.39%
6.13%
54.89%
32.43%
74.08%
91.00%
46.39%
39.05%
6.91%
55.18%
30.83%
75.32%
90.58%
43.27%
37.40%
6.88%
55.86%
29.77%
70.72%
91.46%
43.99%
35.11%
7.53%
49.70%
32.45%
72.89%
92.06%
46.10%
37.50%
7.03%
6.08%
36.94%
8.12%
86.43%
6.43%
5.62%
32.23%
7.95%
87.49%
5.87%
5.39%
27.43%
-1.39%
91.94%
4.64%
4.30%
22.95%
-15.11%
92.59%
3.54%
3.43%
19.07%
-7.01%
96.79%
7.37%
3.24
54.19
10.76
6.85%
4.14
59.36
10.81
6.97%
2.55
65.04
10.81
6.29%
3.00
68.68
11.24
6.24%
4.51
73.56
11.69
3.83
9.82
4.42
9.41
2.61
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
34
Financial Statement Analysis of Financial Sector
ASKARI BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
19,288,563
12,602,602
4,823,738
1,862,223
4,418,498
423,375,484
6,855,020
13,742,030
387,586,620
15,191,814
447,082,545
19,130,113
7,068,111
3,427,753
217,214,247
198,846,359
31,375,729
28,169,065
170,677,294
7,194,218
22,370,809
21,811,804
12,602,602
6,445,888
2,763,314
5,041,139
509,013,771
6,094,885
57,323,250
433,172,205
12,423,431
535,866,714
29,685,228
8,295,724
812,898
268,020,706
228,412,998
31,483,717
28,482,186
199,930,812
8,252,112
20,869,234
25,249,836
12,602,602
8,670,686
3,976,548
7,327,114
590,291,749
8,579,809
89,261,788
472,811,335
19,638,817
622,868,699
42,568,141
5,845,748
6,836,584
295,846,254
262,123,256
28,534,630
26,959,334
235,163,922
10,132,940
26,475,110
27,293,237
12,602,602
11,840,757
2,849,878
5,142,254
630,255,904
10,769,262
71,587,311
525,808,308
22,091,023
662,691,395
44,239,325
3,193,835
2,250,000
314,956,748
284,339,670
26,753,027
25,646,584
258,693,086
9,885,958
29,472,443
31,859,710
12,602,602
15,543,179
3,713,929
1,649,197
673,023,135
15,512,880
52,702,323
573,635,856
31,172,076
706,532,042
49,187,645
4,093,402
0
260,233,987
369,258,971
26,657,086
26,151,824
343,107,147
12,791,827
37,118,034
34,604,210
22,710,924
11,893,286
321,978
11,571,308
5,434,449
11,224,344
11,051,692
5,781,413
4,014,932
36,592,093
21,690,386
14,901,707
879,052
14,022,655
6,689,588
12,280,547
12,014,237
8,431,696
5,043,419
35,408,195
20,496,757
14,911,438
(658,824)
15,570,262
7,210,473
14,303,787
14,078,992
8,476,948
5,220,635
36,267,220
20,071,965
16,195,255
(1,330,390)
17,525,645
6,108,354
15,142,197
14,948,796
8,491,802
5,267,887
43,669,883
25,059,925
18,609,958
1,460,575
17,149,383
5,621,593
15,891,521
16,240,514
6,879,455
4,431,278
1,260,260
0.20%
0.00%
36,638,777
243,162,362
1,260,260
0.23%
0.00%
67,461,002
284,957,437
1,260,260
0.15%
0.00%
42,479,240
374,682,255
1,260,260
0.10%
0.00%
26,130,753
948,100,639
1,260,260
0.10%
0.00%
(43,591,408)
1,080,428,257
34.37%
2.66%
20.82%
0.90%
1.22%
2.59%
65.63%
1.91
28.03%
2.03
3.19
40.72%
2.78%
23.12%
0.94%
1.25%
2.62%
59.28%
1.42
28.37%
1.80
4.00
42.11%
2.39%
20.68%
0.84%
1.16%
2.50%
57.89%
1.66
33.56%
1.95
4.14
44.66%
2.44%
19.30%
0.79%
0.92%
2.64%
55.34%
1.76
35.73%
2.45
4.18
42.62%
2.63%
13.91%
0.63%
0.80%
2.43%
57.38%
2.36
32.24%
2.89
3.52
5.86%
48.58%
38.18%
86.69%
94.70%
51.30%
49.55%
7.09%
50.02%
37.31%
80.84%
94.99%
52.73%
46.57%
7.77%
47.50%
37.75%
75.91%
94.77%
55.44%
46.64%
7.16%
47.53%
39.04%
79.34%
95.11%
54.08%
47.60%
7.54%
36.83%
48.56%
81.19%
95.26%
64.37%
58.96%
15.78%
14.17%
162.66%
1.14%
89.78%
13.78%
12.47%
144.34%
3.09%
90.47%
10.89%
10.28%
113.01%
-2.44%
94.48%
9.41%
9.02%
98.02%
-5.19%
95.86%
7.22%
7.08%
83.67%
5.58%
98.10%
4.31%
12.61
15.31
20.09
4.07%
13.06
17.31
19.86
4.05%
14.84
20.04
18.73
4.12%
34.74
21.66
19.27
4.51%
33.91
25.28
18.01
9.13
13.38
8.14
4.96
-9.84
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
35
Financial Statement Analysis of Financial Sector
BANK AL-HABIB LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
27,554,655
11,114,254
8,760,911
7,679,490
5,073,696
546,765,286
7,984,808
78,455,452
446,409,004
13,916,022
579,393,637
34,201,813
4,345,042
0
331,422,572
188,353,082
5,024,778
6,615,999
181,737,083
13,800,576
13,886,551
31,697,833
11,114,254
10,329,659
10,253,920
6,158,825
602,116,556
8,665,462
62,592,299
516,213,178
14,645,617
639,973,214
38,577,738
3,185,669
3,992,794
356,649,003
215,702,258
5,874,374
8,413,650
207,288,608
15,704,852
14,574,550
35,672,945
11,114,254
11,899,426
12,659,265
6,840,799
725,504,673
13,872,057
93,717,345
584,171,954
33,743,317
768,018,417
50,600,041
2,866,455
0
405,027,569
269,267,267
5,715,466
7,827,169
261,440,098
18,776,218
29,308,036
40,408,589
11,114,254
12,981,379
16,312,956
5,467,293
898,257,898
19,663,349
133,499,876
692,576,176
52,518,497
944,133,780
60,096,155
4,691,917
0
476,125,054
347,465,571
5,288,599
7,632,660
339,832,911
22,482,946
40,904,797
46,283,478
11,114,254
14,757,530
20,411,694
3,268,202
998,687,323
20,603,682
119,038,358
796,900,525
62,144,758
1,048,239,003
74,432,172
7,989,939
0
414,605,406
485,944,757
5,235,392
7,730,179
478,214,578
26,183,149
46,813,759
44,001,196
24,936,885
19,064,311
552,989
18,511,322
3,807,692
12,401,900
12,189,767
9,917,114
6,348,942
50,293,226
25,476,349
24,816,877
1,960,305
22,856,572
4,510,866
15,035,779
14,695,040
12,331,659
7,404,912
47,804,368
23,132,808
24,671,560
(638,049)
25,309,609
5,052,248
17,197,870
17,728,349
13,163,987
8,119,229
50,309,377
24,386,577
25,922,800
48,539
25,874,261
8,118,438
20,102,289
19,860,573
13,890,410
8,501,034
60,733,138
29,839,393
30,893,745
247,177
30,646,568
7,117,233
23,500,134
23,202,083
14,263,667
8,417,656
1,111,425
0.30%
0.00%
98,100,879
180,939,305
1,111,425
0.35%
0.00%
33,435,231
221,068,712
1,111,425
0.35%
0.00%
64,252,144
272,251,603
1,111,425
0.30%
0.00%
85,203,789
590,059,388
1,111,425
0.25%
0.00%
(36,256,163)
686,530,960
43.33%
3.29%
23.04%
1.10%
0.66%
3.19%
56.67%
1.23
25.94%
3.20
5.71
49.34%
3.88%
23.36%
1.16%
0.70%
3.57%
50.66%
1.19
27.44%
3.26
6.66
51.61%
3.21%
22.76%
1.06%
0.66%
3.30%
48.39%
1.35
32.54%
3.51
7.31
51.53%
2.75%
21.04%
0.90%
0.86%
2.74%
48.47%
1.43
34.41%
2.45
7.65
50.87%
2.95%
18.19%
0.80%
0.68%
2.92%
49.13%
1.63
34.64%
3.26
7.57
6.65%
57.20%
31.37%
77.05%
94.37%
42.19%
35.89%
6.53%
55.73%
32.39%
80.66%
94.08%
41.79%
37.27%
6.96%
52.74%
34.04%
76.06%
94.46%
46.09%
39.72%
6.86%
50.43%
35.99%
73.36%
95.14%
50.17%
42.06%
7.86%
39.55%
45.62%
76.02%
95.27%
60.98%
53.05%
2.67%
3.51%
18.24%
8.36%
131.67%
2.72%
3.90%
18.53%
23.30%
143.23%
2.12%
2.91%
16.02%
-8.15%
136.95%
1.52%
2.20%
13.09%
0.64%
144.32%
1.08%
1.59%
11.31%
3.20%
147.65%
4.76%
6.57
24.79
16.20
4.95%
6.97
28.52
16.29
4.64%
7.63
32.10
16.38
4.28%
14.60
36.36
17.14
4.42%
14.83
41.64
17.22
15.45
4.52
7.91
10.02
-4.31
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
36
Financial Statement Analysis of Financial Sector
BANK ALFALAH LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
37,823,827
15,872,427
12,338,026
9,613,374
6,995,241
698,309,225
11,758,155
55,232,916
605,963,224
25,354,930
743,128,293
50,515,643
12,331,713
18,313,485
324,319,454
304,848,047
19,412,000
14,250,810
290,597,237
14,962,088
32,088,673
42,424,778
15,898,062
14,164,120
12,362,596
10,928,397
849,254,346
9,733,929
172,393,198
640,188,735
26,938,484
902,607,521
62,368,790
16,552,207
27,626,350
423,099,734
350,351,198
18,455,000
16,192,459
334,158,739
16,202,597
22,599,104
49,155,049
15,952,076
15,895,652
17,307,321
10,969,713
869,520,982
19,091,201
178,311,035
634,740,043
37,378,703
929,645,744
74,071,384
9,373,123
30,149,029
389,092,637
395,863,309
19,019,000
17,142,960
378,720,349
16,476,271
31,762,951
58,514,493
16,075,720
18,156,669
24,282,104
7,285,248
933,028,198
20,882,970
207,193,686
644,984,967
59,966,575
998,827,939
70,381,435
3,753,954
48,895,828
400,733,286
417,181,932
17,579,000
16,526,508
400,655,424
16,155,727
58,252,285
68,263,925
17,743,629
23,050,754
27,469,542
7,382,950
930,570,968
35,988,225
123,738,241
702,895,280
67,949,222
1,006,217,843
82,407,700
3,874,955
62,172,287
277,660,403
518,393,165
18,822,000
16,756,713
501,636,452
18,272,215
60,193,831
55,378,477
33,505,003
21,873,474
1,533,833
20,339,641
8,875,817
20,701,892
20,100,591
8,513,566
5,640,851
61,437,872
32,810,722
28,627,150
2,286,900
26,340,250
8,861,555
22,597,735
21,956,115
12,604,070
7,522,810
57,144,032
28,152,734
28,991,298
1,183,272
27,808,026
8,907,328
23,692,195
23,683,609
13,023,159
7,899,908
56,175,501
27,199,316
28,976,185
(616,430)
29,592,615
9,076,079
24,963,529
24,671,927
13,705,165
8,166,232
59,318,342
27,727,287
31,591,055
588,383
31,002,672
10,200,358
24,365,275
23,966,756
16,837,755
10,150,268
1,587,243
0.20%
0.00%
51,771,824
279,491,742
1,589,806
0.10%
0.00%
103,242,608
472,718,666
1,595,208
0.00%
0.00%
(29,354,807)
344,601,108
1,607,572
0.15%
0.00%
30,307,388
1,105,453,540
1,774,363
0.25%
0.10%
(142,469,511)
1,368,422,518
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
39.50%
2.94%
14.91%
0.76%
1.19%
2.74%
60.50%
2.36
32.22%
2.26
3.55
46.60%
3.17%
17.73%
0.83%
0.98%
2.92%
53.40%
1.74
32.14%
2.48
4.73
50.73%
3.12%
16.07%
0.85%
0.96%
2.99%
49.27%
1.82
35.87%
2.66
4.95
51.58%
2.90%
13.96%
0.82%
0.91%
2.96%
48.42%
1.80
38.26%
2.72
5.08
53.26%
3.14%
14.87%
1.01%
1.01%
3.08%
46.74%
1.42
35.05%
2.35
5.72
8.46%
43.64%
39.10%
81.54%
93.97%
50.31%
46.11%
8.74%
46.88%
37.02%
70.93%
94.09%
54.73%
43.12%
8.98%
41.85%
40.74%
68.28%
93.53%
62.37%
48.69%
7.42%
40.12%
40.11%
64.57%
93.41%
64.68%
48.95%
8.57%
27.59%
49.85%
69.86%
92.48%
73.75%
62.71%
6.37%
4.67%
51.32%
10.76%
73.41%
5.27%
4.62%
43.50%
14.12%
87.74%
4.80%
4.33%
38.69%
6.90%
90.14%
4.21%
3.96%
30.04%
-3.73%
94.01%
3.63%
3.23%
27.57%
3.51%
89.03%
5.09%
7.39
23.83
16.02
4.70%
11.14
26.69
15.09
5.29%
7.01
30.81
12.91
5.86%
18.89
36.40
11.02
6.78%
20.05
38.47
10.30
9.18
13.72
-3.72
3.71
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
37
-14.04
Financial Statement Analysis of Financial Sector
BANKISLAMI PAKISTAN LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
6,219,801
5,758,721
194,134
266,946
647,419
95,116,929
918,435
561,000
90,330,997
3,306,497
101,984,149
6,361,444
733,523
18,143,574
30,654,552
41,698,116
1,061,929
601,058
41,097,058
3,340,971
1,653,027
10,351,802
10,079,121
272,681
0
834,468
163,044,475
1,523,933
3,197,770
153,058,102
5,264,670
174,230,745
9,035,886
1,780,710
39,824,221
35,885,958
82,361,147
15,230,980
13,652,099
68,709,048
2,525,949
16,468,973
10,826,268
10,000,079
613,636
212,553
1,618,398
170,028,757
2,937,746
6,066,307
153,735,845
7,288,859
182,473,423
8,921,433
1,140,150
27,218,665
46,316,927
89,949,086
14,533,967
12,132,284
77,816,802
6,186,259
14,873,187
12,400,129
10,000,079
926,266
1,473,784
1,276,340
204,115,929
3,928,469
15,570,390
178,309,817
6,307,253
217,792,397
11,784,180
801,807
21,371,787
42,092,166
130,828,986
15,837,045
11,673,947
119,155,039
5,944,357
16,643,061
12,664,168
10,000,079
968,799
1,695,290
1,850,647
201,228,441
3,242,180
7,819,532
184,693,363
5,473,366
215,743,256
14,292,752
832,621
18,173,504
38,832,093
129,734,404
15,403,434
11,163,593
118,570,811
6,663,467
18,378,008
7,812,302
4,459,070
3,353,232
17,407
3,335,825
631,936
3,498,039
3,462,351
469,722
313,650
8,834,160
5,118,822
3,715,338
(630,724)
4,346,062
570,028
5,188,477
5,037,198
(272,387)
(196,004)
10,127,616
5,791,252
4,336,364
(2,029,926)
6,366,290
637,612
6,160,145
6,142,395
843,757
452,300
10,353,849
5,249,882
5,103,967
(391,970)
5,495,937
964,695
6,303,270
6,281,537
157,362
1,563,149
12,204,238
6,170,275
6,033,963
36,835
5,997,128
1,264,012
6,858,572
6,795,997
402,568
212,664
575,872
0.00%
0.00%
809,455
9,347,239
1,007,912
0.00%
0.00%
(28,172,106)
24,213,464
1,000,008
0.00%
0.00%
9,354,153
27,184,209
1,000,008
0.00%
0.00%
118,864
23,041,302
1,000,008
0.00%
0.00%
190,873
23,134,769
42.92%
3.29%
5.04%
0.31%
0.62%
3.27%
57.08%
7.37
41.43%
5.48
0.54
42.06%
2.13%
-1.89%
-0.11%
0.33%
2.49%
57.94%
-18.49
55.17%
8.84
-0.19
42.82%
2.38%
4.18%
0.25%
0.35%
3.49%
57.18%
7.28
57.22%
9.63
0.45
49.30%
2.34%
12.61%
0.72%
0.44%
2.52%
50.70%
39.92
55.69%
6.51
1.56
49.44%
2.80%
1.68%
0.10%
0.59%
2.78%
50.56%
16.88
50.92%
5.38
0.21
6.96%
30.06%
40.30%
88.57%
93.27%
46.16%
45.88%
6.21%
20.60%
39.44%
87.85%
93.58%
53.81%
52.71%
5.51%
25.38%
42.65%
84.25%
93.18%
58.51%
56.29%
5.78%
19.33%
54.71%
81.87%
93.72%
73.37%
67.48%
7.01%
18.00%
54.96%
85.61%
93.27%
70.24%
67.39%
2.55%
1.44%
17.07%
2.90%
56.60%
18.49%
16.58%
147.13%
-4.62%
89.63%
16.16%
13.49%
134.25%
-16.73%
83.48%
12.11%
8.92%
127.72%
-3.36%
73.71%
11.87%
8.60%
121.63%
0.33%
72.47%
6.10%
1.50
10.80
14.52
5.94%
2.34
10.27
14.79
5.93%
2.51
10.83
14.20
5.69%
1.86
12.40
14.38
5.87%
1.83
12.66
14.58
2.58
143.73
20.68
0.08
0.90
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
38
Financial Statement Analysis of Financial Sector
DUBAI ISLAMIC BANK PAKISTAN LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
7,530,265
6,976,030
147,475
406,760
(91,184)
94,113,918
1,250,385
3,567,342
83,844,395
5,451,796
101,552,999
10,480,052
529,277
10,147,169
18,258,604
60,350,331
2,368,756
1,510,051
58,840,280
1,751,032
1,546,585
7,962,751
6,976,030
233,586
753,135
12,916
149,155,515
1,552,219
4,551,920
136,743,457
6,307,919
157,131,182
14,183,630
3,869,403
6,418,697
23,822,256
106,650,974
2,211,992
1,697,337
104,953,637
1,842,705
2,040,854
12,046,524
10,225,567
404,694
1,416,263
60,811
140,026,064
2,218,979
5,670,091
129,264,513
2,872,481
152,133,399
14,007,320
543,363
12,536,061
27,211,659
95,713,549
2,414,427
1,802,647
93,910,902
1,870,060
2,054,034
15,054,436
11,652,288
725,101
2,677,047
(142,265)
170,081,710
3,677,900
5,255,642
149,295,457
11,852,711
184,993,881
10,423,998
1,173,267
4,860,272
41,474,123
121,480,512
2,307,854
1,958,248
119,522,264
1,499,655
6,040,302
17,570,841
11,652,288
1,226,954
4,691,599
(820,667)
215,072,579
2,811,457
12,670,525
182,186,634
17,403,963
231,822,753
17,752,920
1,241,840
4,000,000
45,850,970
155,463,023
2,938,496
2,156,643
153,306,380
1,381,172
8,289,471
7,523,271
3,433,969
4,089,302
291,528
3,797,774
1,116,990
3,989,233
3,972,258
925,531
600,513
8,725,646
4,091,219
4,634,427
187,286
4,447,141
1,274,455
5,009,874
4,987,933
711,722
430,555
9,486,289
4,273,598
5,212,691
128,580
5,084,111
1,566,528
5,279,608
5,264,089
1,371,031
855,540
10,797,894
4,370,422
6,427,472
184,791
6,242,681
2,075,398
5,754,514
5,693,223
2,563,565
1,602,036
14,901,469
6,778,333
8,123,136
221,788
7,901,348
2,248,363
6,029,724
5,942,917
4,119,987
2,509,265
697,603
0.00%
0.00%
(5,389,925)
20,122,810
697,603
0.00%
0.00%
7,475,459
51,155,783
1,022,557
0.00%
0.00%
64,352
53,704,609
1,165,229
0.00%
0.00%
6,441,237
41,149,638
1,165,229
0.00%
0.00%
9,948,637
41,496,971
54.36%
4.03%
7.97%
0.59%
1.10%
3.74%
45.64%
4.29
46.17%
3.56
0.86
53.11%
2.95%
5.41%
0.27%
0.81%
2.83%
46.89%
7.01
50.10%
3.91
0.62
54.95%
3.43%
7.10%
0.56%
1.03%
3.34%
45.05%
3.84
47.77%
3.36
0.84
59.53%
3.47%
10.64%
0.87%
1.12%
3.37%
40.47%
2.22
44.70%
2.74
1.37
54.51%
3.50%
14.28%
1.08%
0.97%
3.41%
45.49%
1.44
35.16%
2.64
2.15
10.84%
17.98%
57.94%
82.56%
92.67%
71.98%
69.04%
11.49%
15.16%
66.79%
87.03%
94.92%
77.99%
75.48%
9.56%
17.89%
61.73%
84.97%
92.04%
74.04%
70.93%
6.27%
22.42%
64.61%
80.70%
91.94%
81.37%
78.60%
8.19%
19.78%
66.13%
78.59%
92.77%
85.33%
79.78%
3.93%
2.50%
31.46%
19.31%
63.75%
2.07%
1.59%
27.78%
11.03%
76.73%
2.52%
1.88%
20.04%
7.13%
74.66%
1.90%
1.61%
15.33%
9.44%
84.85%
1.89%
1.39%
16.72%
10.28%
73.39%
7.42%
2.67
10.79
11.13
5.07%
6.42
11.41
17.17
7.92%
4.46
11.78
10.73
8.14%
2.73
12.92
9.92
7.58%
2.36
15.08
10.37
-8.98
17.36
0.08
4.02
3.96
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
39
Financial Statement Analysis of Financial Sector
FAYSAL BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
21,832,218
10,432,697
5,703,155
5,696,366
4,470,358
361,823,208
5,347,774
60,926,863
283,345,739
12,202,832
388,125,784
20,285,851
1,422,699
0
155,210,513
204,676,072
29,293,000
23,451,267
181,224,805
9,254,474
20,727,442
26,058,692
11,997,601
6,422,761
7,638,330
4,293,781
399,720,387
6,009,238
90,565,242
292,130,258
11,015,649
430,072,860
26,084,007
1,068,451
250,000
195,515,642
205,624,023
30,328,854
24,534,219
181,089,804
9,439,875
16,625,081
29,090,229
11,997,601
7,158,248
9,934,380
5,917,426
417,014,646
6,655,919
52,806,084
339,632,770
17,919,873
452,022,301
37,239,302
1,139,375
5,000,000
170,209,104
229,825,518
30,036,000
24,994,521
204,830,997
12,111,881
21,491,642
33,633,227
13,197,361
7,936,338
12,499,528
5,613,243
455,687,412
8,761,334
54,788,547
371,624,155
20,513,376
494,933,882
37,861,767
1,872,771
9,010,335
179,728,189
255,827,227
27,321,076
24,295,067
231,532,160
12,939,625
21,989,035
38,404,848
15,176,965
8,778,908
14,448,975
5,093,667
556,415,668
23,543,525
98,351,921
409,383,802
25,136,420
599,914,183
43,173,993
1,847,595
2,997,486
214,185,591
320,258,309
26,687,638
23,813,448
296,444,861
12,943,738
28,320,919
32,312,633
18,480,191
13,832,442
2,358,837
11,473,605
4,374,169
12,295,989
12,162,034
3,551,785
2,476,959
32,312,553
18,357,971
13,954,582
1,425,538
12,529,044
5,564,340
11,166,305
10,591,053
6,920,077
4,222,364
26,200,691
14,134,284
12,066,407
564,078
11,502,329
6,954,458
11,776,100
11,660,533
6,658,637
4,301,772
28,766,119
14,830,923
13,935,196
(491,802)
14,426,998
5,639,264
12,774,086
12,607,943
7,292,176
4,529,650
35,199,965
18,924,859
16,275,106
(421,940)
16,697,046
6,259,953
14,755,290
14,492,257
8,201,709
4,837,183
1,043,270
0.10%
0.10%
13,478,745
168,115,340
1,199,760
0.10%
0.10%
67,213,659
151,143,471
1,199,760
0.00%
0.10%
(4,856,009)
114,653,583
1,319,736
0.00%
0.15%
(16,825,604)
176,116,584
1,517,697
0.00%
0.15%
43,544,740
253,248,424
42.81%
3.56%
11.35%
0.64%
1.13%
2.96%
57.19%
3.42
33.52%
2.78
2.37
43.19%
3.24%
16.20%
0.98%
1.29%
2.91%
56.81%
1.53
29.48%
1.90
3.52
46.05%
2.67%
14.79%
0.95%
1.54%
2.54%
53.95%
1.75
35.52%
1.68
3.59
48.44%
2.82%
13.47%
0.92%
1.14%
2.91%
51.56%
1.73
37.13%
2.24
3.43
46.24%
2.71%
12.60%
0.81%
1.04%
2.78%
53.76%
1.77
35.59%
2.32
3.19
5.59%
39.99%
46.69%
73.00%
93.22%
72.24%
59.45%
6.31%
45.46%
42.11%
67.93%
92.94%
70.39%
53.73%
8.49%
37.66%
45.31%
75.14%
92.26%
67.67%
58.56%
8.03%
36.31%
46.78%
75.09%
92.07%
68.84%
60.00%
7.50%
35.70%
49.41%
68.24%
92.75%
78.23%
63.08%
14.31%
11.46%
134.17%
10.06%
80.06%
14.75%
11.93%
116.39%
5.81%
80.89%
13.07%
10.88%
103.25%
2.26%
83.22%
10.68%
9.50%
81.23%
-2.02%
88.92%
8.33%
7.44%
69.49%
-1.77%
89.23%
5.63%
7.70
20.93
12.98
6.06%
5.80
21.72
11.21
6.44%
3.94
24.25
11.68
6.80%
5.24
25.48
11.05
6.40%
6.59
25.30
10.66
5.44
15.92
-1.13
-3.71
9.00
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
40
Financial Statement Analysis of Financial Sector
HABIB BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
137,081,200
14,668,525
40,704,933
81,707,742
20,786,445
1,611,328,609
21,955,683
99,630,517
1,447,215,445
42,526,964
1,769,196,254
122,271,268
53,025,792
34,313,560
897,573,967
616,244,798
68,535,255
60,850,286
555,394,512
24,874,238
81,742,917
149,156,407
14,668,525
44,553,993
89,933,889
22,695,244
1,953,058,056
27,942,101
314,485,132
1,558,310,675
52,320,148
2,124,909,707
154,303,383
29,428,453
18,381,633
1,236,415,888
666,372,114
68,949,121
60,735,843
605,636,271
28,938,259
51,805,820
158,457,896
14,668,525
47,146,362
96,643,009
23,609,084
2,223,017,060
31,108,762
333,987,106
1,793,370,392
64,550,800
2,405,084,040
219,788,876
32,742,891
33,926,110
1,304,722,761
772,645,840
68,621,823
60,513,286
712,132,554
30,792,535
70,978,313
151,423,488
14,668,525
49,519,342
87,235,621
21,215,598
2,401,311,157
33,617,261
395,486,210
1,899,511,435
72,696,251
2,573,950,243
230,256,066
28,777,991
33,900,345
1,335,791,470
864,237,563
67,037,629
63,548,585
800,688,978
56,920,682
87,614,711
164,486,591
14,668,525
57,935,252
91,882,814
14,562,465
2,700,445,803
42,325,254
518,896,397
2,020,007,979
119,216,173
2,879,494,859
266,610,256
26,095,330
51,277,336
1,341,030,709
1,082,130,756
71,564,479
66,276,830
1,015,853,926
65,235,710
113,391,592
135,747,879
68,498,443
67,249,436
462,435
66,787,001
19,607,063
39,519,373
38,254,838
46,874,691
31,112,521
139,360,273
62,598,872
76,761,401
4,335,008
72,426,393
32,266,316
47,290,941
45,737,572
57,401,768
35,470,458
137,807,927
58,490,216
79,317,711
666,163
78,651,548
25,859,057
52,264,566
50,917,849
52,246,039
31,820,219
142,510,065
64,879,843
77,630,222
23,804,767
53,825,455
30,952,803
57,290,362
56,227,736
27,487,896
7,730,547
157,168,449
81,152,453
76,015,996
4,639,834
71,376,162
16,444,513
67,971,554
70,327,028
19,849,121
11,789,157
1,466,853
1.20%
0.00%
309,832,567
586,532,937
1,466,853
1.40%
0.00%
346,701,985
628,227,343
1,466,853
1.40%
0.00%
172,844,211
583,558,529
1,466,853
0.80%
0.00%
82,547,166
560,986,894
1,466,853
0.43%
0.00%
122,049,832
715,787,631
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
49.54%
3.80%
22.70%
1.76%
1.11%
3.77%
50.46%
0.82
25.44%
1.95
21.21
55.08%
3.61%
23.78%
1.67%
1.52%
3.41%
44.92%
0.80
27.55%
1.42
24.18
57.56%
3.30%
20.08%
1.32%
1.08%
3.27%
42.44%
0.97
31.93%
1.97
21.69
54.47%
3.02%
5.11%
0.30%
1.20%
2.09%
45.53%
2.05
33.03%
1.82
5.27
48.37%
2.64%
7.17%
0.41%
0.57%
2.48%
51.63%
3.54
39.15%
4.28
8.04
9.91%
50.73%
31.39%
81.80%
91.08%
42.58%
39.84%
8.65%
58.19%
28.50%
73.34%
91.91%
42.76%
35.58%
10.50%
54.25%
29.61%
74.57%
92.43%
43.08%
36.32%
10.06%
51.90%
31.11%
73.80%
93.29%
45.50%
37.66%
10.17%
46.57%
35.28%
70.15%
93.78%
53.57%
42.62%
11.12%
9.87%
50.00%
0.76%
88.79%
10.35%
9.11%
46.23%
7.14%
88.09%
8.88%
7.83%
43.31%
1.10%
88.18%
7.76%
7.35%
44.27%
37.46%
94.80%
6.61%
6.12%
43.51%
7.00%
92.61%
7.75%
4.28
93.45
10.56
7.02%
4.21
101.68
10.45
6.59%
3.68
108.03
11.32
5.88%
3.70
103.23
12.54
5.71%
4.35
112.14
12.28
9.96
9.77
5.43
10.68
10.35
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
41
Financial Statement Analysis of Financial Sector
HABIB METROPOLITAN BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
30,200,254
10,478,315
11,178,823
8,543,116
4,550,448
362,629,380
5,201,482
24,883,982
320,023,460
12,520,456
397,380,082
18,640,853
1,869,735
3,408,776
221,761,162
150,739,188
19,325,134
15,988,542
134,750,646
3,024,588
13,924,322
33,119,958
10,478,315
12,710,010
9,931,633
3,707,846
453,051,304
6,344,461
31,462,822
403,354,957
11,889,064
489,879,108
30,645,728
13,806,513
14,444,641
281,134,589
150,076,425
18,486,982
17,429,586
132,646,839
3,124,779
14,076,019
37,165,329
10,478,315
13,933,875
12,753,139
2,505,121
486,935,967
8,108,633
37,205,175
430,888,036
10,734,123
526,606,417
35,561,885
2,259,974
16,750,886
314,619,011
159,893,152
19,873,142
16,931,049
142,962,103
3,246,376
11,206,182
39,556,557
10,478,315
15,035,676
14,042,566
941,698
620,167,516
19,643,603
64,038,646
508,103,951
28,381,316
660,665,771
42,281,977
1,100,929
10,914,805
396,636,990
190,745,709
18,519,849
16,426,423
174,319,286
3,355,862
32,055,922
42,575,612
10,478,315
16,267,793
15,829,504
(5,573,656)
636,393,825
12,173,407
51,347,381
543,577,510
29,295,527
673,395,781
48,177,009
1,115,557
11,984,795
346,665,904
243,250,307
17,679,907
16,560,690
226,689,617
4,021,021
34,741,878
32,272,905
21,085,545
11,187,360
1,778,579
9,408,781
5,710,723
7,807,184
7,352,918
7,312,320
4,926,560
36,850,013
22,466,055
14,383,958
2,225,962
12,157,996
9,181,740
8,800,825
8,445,940
12,538,911
7,655,933
33,172,071
21,409,855
11,762,216
844,615
10,917,601
8,836,266
9,420,120
9,359,596
10,333,747
6,119,324
33,838,124
19,867,170
13,970,954
(112,662)
14,083,616
5,643,758
10,598,290
10,420,061
9,129,084
5,509,006
42,520,197
26,297,463
16,222,734
382,429
15,840,305
6,074,015
11,839,942
11,616,837
10,074,378
6,160,584
1,047,832
0.25%
0.00%
71,245,077
298,147,723
1,047,832
0.40%
0.00%
90,010,038
260,587,394
1,047,832
0.30%
0.00%
19,424,843
277,587,498
1,047,832
0.30%
0.00%
92,502,967
272,566,979
1,047,832
0.00%
0.00%
(31,608,724)
400,439,829
34.66%
2.82%
16.31%
1.24%
1.44%
2.37%
65.34%
1.01
20.55%
1.29
4.70
39.03%
2.94%
23.12%
1.56%
1.87%
2.48%
60.97%
0.67
19.12%
0.92
7.31
35.46%
2.23%
16.47%
1.16%
1.68%
2.07%
64.54%
0.91
22.42%
1.06
5.84
41.29%
2.11%
13.93%
0.83%
0.85%
2.13%
58.71%
1.14
26.84%
1.85
5.26
38.15%
2.41%
14.47%
0.91%
0.90%
2.35%
61.85%
1.15
24.36%
1.91
5.88
5.16%
55.81%
33.91%
80.53%
91.26%
47.10%
43.70%
9.07%
57.39%
27.08%
82.34%
92.48%
37.21%
34.51%
7.18%
59.74%
27.15%
81.82%
92.47%
37.11%
34.16%
6.57%
60.04%
26.39%
76.91%
93.87%
37.54%
33.34%
7.32%
51.48%
33.66%
80.72%
94.51%
44.75%
40.89%
12.82%
10.61%
63.99%
11.12%
82.73%
12.32%
11.61%
55.82%
12.77%
94.28%
12.43%
10.59%
53.47%
4.99%
85.20%
9.71%
8.61%
46.82%
-0.69%
88.70%
7.27%
6.81%
41.53%
2.31%
93.67%
7.60%
9.87
28.82
10.60
6.76%
7.87
31.61
12.18
7.06%
7.47
35.47
11.59
5.99%
6.89
37.75
12.84
6.32%
9.41
40.63
12.77
14.46
11.76
3.17
16.79
-5.13
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
42
Financial Statement Analysis of Financial Sector
JS BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
11,703,723
10,724,642
(91,694)
1,070,775
1,375,822
163,637,271
1,380,020
50,537,973
108,739,960
2,979,318
176,716,817
9,041,269
412,232
11,080,242
84,257,568
64,491,947
2,812,617
2,058,819
62,433,128
2,066,106
7,426,272
13,567,150
10,724,643
313,415
2,529,092
2,400,753
202,507,760
1,609,425
54,638,318
141,840,487
4,419,530
218,475,663
11,159,432
583,724
3,581,329
116,029,825
79,389,361
2,982,825
2,723,181
76,666,180
2,805,591
7,649,582
15,426,705
10,119,242
1,334,122
3,973,341
1,222,820
250,794,369
2,544,028
10,320,047
226,098,931
11,831,363
267,443,894
15,508,968
752,710
11,334,414
133,726,610
96,453,475
3,327,942
2,659,341
93,794,134
4,044,154
8,282,904
16,179,050
10,119,242
1,540,988
4,518,820
490,279
374,809,920
3,824,278
64,557,043
290,077,566
16,351,033
391,479,249
17,333,788
1,034,266
3,116,199
169,611,558
186,878,895
3,257,997
2,739,313
184,139,582
5,135,309
11,108,547
16,652,615
10,119,242
1,712,171
4,821,202
(1,035,589)
441,137,050
3,519,924
96,558,663
321,413,263
19,645,200
456,754,076
32,110,840
968,575
1,937,347
148,689,974
255,147,213
8,309,467
3,156,295
251,990,918
6,245,328
14,811,094
11,113,380
7,259,340
3,854,040
818,778
3,035,262
2,590,161
4,017,198
3,950,952
1,608,225
1,060,039
15,327,901
9,738,029
5,589,872
816,241
4,773,631
3,289,706
4,889,641
4,824,342
3,173,696
2,025,547
15,081,015
9,353,282
5,727,733
351,423
5,376,310
4,861,269
6,847,643
6,748,444
3,389,936
2,076,616
20,381,171
14,139,220
6,241,951
370,651
5,871,300
4,051,340
8,302,076
8,256,335
1,620,564
973,149
29,997,028
21,187,732
8,809,296
238,788
8,570,508
2,140,838
9,806,589
9,956,060
904,757
562,338
1,072,464
0.00%
0.00%
38,650,130
38,439,987
1,072,464
0.00%
0.00%
34,992,128
47,190,568
1,011,924
0.00%
0.00%
(16,770,865)
78,923,028
1,011,924
0.00%
0.00%
96,304,643
99,457,652
1,011,924
0.00%
0.00%
(37,763,483)
104,806,746
34.68%
2.18%
9.06%
0.60%
1.47%
1.72%
65.32%
2.46
29.32%
1.53
0.99
36.47%
2.56%
14.93%
0.93%
1.51%
2.18%
63.53%
1.52
26.26%
1.47
1.89
37.98%
2.14%
13.46%
0.78%
1.82%
2.01%
62.02%
1.99
34.34%
1.39
2.05
30.63%
1.59%
6.01%
0.25%
1.03%
1.50%
69.37%
5.09
33.98%
2.04
0.96
29.37%
1.93%
3.38%
0.12%
0.47%
1.88%
70.63%
11.00
30.51%
4.65
0.56
5.35%
47.68%
35.33%
61.53%
92.60%
59.31%
40.49%
5.38%
53.11%
35.09%
64.92%
92.69%
55.97%
40.41%
6.08%
50.00%
35.07%
84.54%
93.77%
42.66%
40.80%
4.69%
43.33%
47.04%
74.10%
95.74%
64.42%
52.70%
7.24%
32.55%
55.17%
70.37%
96.58%
79.38%
61.04%
4.36%
3.19%
24.03%
39.77%
73.20%
3.76%
3.43%
21.99%
29.97%
91.30%
3.45%
2.76%
21.57%
13.21%
79.91%
1.74%
1.47%
20.14%
13.53%
84.08%
3.26%
1.24%
49.90%
7.57%
37.98%
6.62%
3.28
10.91
9.29
6.21%
3.48
12.65
10.45
5.77%
5.12
15.24
14.66
4.13%
6.15
15.99
17.93
3.65%
6.29
16.46
19.30
36.46
17.28
-8.08
98.96
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
43
-67.15
Financial Statement Analysis of Financial Sector
MCB BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
106,908,175
11,130,307
48,830,005
46,947,863
23,195,887
804,527,422
16,627,700
59,542,861
688,329,520
40,027,341
934,631,484
46,753,804
3,015,624
1,418,181
511,137,192
322,317,993
21,907,791
18,758,513
303,559,480
30,498,145
38,249,058
113,186,073
11,130,307
51,309,081
50,746,685
24,615,865
866,608,202
11,888,776
118,039,748
696,804,929
39,874,749
1,004,410,140
60,567,695
3,611,185
3,079,564
565,695,932
322,528,511
20,368,096
18,406,573
304,121,938
29,302,881
38,030,945
117,946,240
11,130,307
53,346,861
53,469,072
23,680,385
930,738,565
12,843,552
74,515,383
781,429,823
61,949,807
1,072,365,190
74,222,347
4,343,841
2,809,752
555,928,553
367,814,547
21,688,250
19,697,930
348,116,617
32,066,098
54,877,982
136,493,130
11,850,600
70,866,473
53,776,057
17,073,207
1,189,671,554
22,680,667
133,069,556
968,482,635
65,438,696
1,343,237,891
106,072,084
4,579,275
4,398,114
656,963,632
515,057,855
48,752,620
45,702,006
469,355,849
39,169,606
62,699,331
139,530,625
11,850,600
74,147,981
53,532,044
9,747,104
1,348,852,332
15,699,280
216,018,886
1,049,037,615
68,096,551
1,498,130,061
103,174,597
11,878,975
35,106,241
749,368,738
546,791,549
48,955,548
43,210,226
503,581,323
41,069,761
53,950,426
77,268,988
33,756,685
43,512,303
(1,941,037)
45,453,340
12,943,702
21,667,595
20,611,649
36,729,447
24,324,756
80,393,385
31,077,225
49,316,160
503,341
48,812,819
16,566,067
23,050,347
21,967,630
42,328,539
25,546,267
67,400,294
23,586,203
43,814,091
653,651
43,160,440
16,174,707
23,260,457
22,073,702
36,074,690
21,890,896
74,090,972
31,428,759
42,662,213
1,045,019
41,617,194
18,117,954
28,720,940
27,957,811
31,014,208
22,458,901
83,318,994
37,304,844
46,014,150
(1,753,256)
47,767,406
17,198,126
32,901,914
32,090,793
32,063,618
21,359,578
1,113,031
1.40%
0.00%
52,852,076
226,553,852
1,113,031
1.60%
0.00%
82,440,208
318,141,018
1,113,031
1.60%
0.00%
21,592,869
304,692,756
1,185,060
1.60%
0.00%
121,009,773
448,135,100
1,185,060
1.60%
0.00%
143,220,700
584,434,305
56.31%
4.66%
22.75%
2.60%
1.38%
4.86%
43.69%
0.56
24.02%
1.59
21.85
61.34%
4.91%
22.57%
2.54%
1.65%
4.86%
38.66%
0.52
23.77%
1.33
22.95
65.01%
4.09%
18.56%
2.04%
1.51%
4.02%
34.99%
0.61
27.83%
1.36
19.67
57.58%
3.18%
16.45%
1.67%
1.35%
3.10%
42.42%
0.90
31.15%
1.54
18.95
55.23%
3.07%
15.31%
1.43%
1.15%
3.19%
44.77%
1.00
32.73%
1.87
18.02
5.33%
54.69%
32.48%
73.65%
86.08%
46.83%
43.10%
6.39%
56.32%
30.28%
69.37%
86.28%
46.29%
39.58%
7.33%
51.84%
32.46%
72.87%
86.79%
47.07%
42.97%
8.24%
48.91%
34.94%
72.10%
88.57%
53.18%
46.76%
7.68%
50.02%
33.61%
70.02%
90.04%
52.12%
43.22%
6.80%
5.82%
20.49%
-10.35%
85.62%
6.32%
5.71%
18.00%
2.73%
90.37%
5.90%
5.36%
18.39%
3.32%
90.82%
9.47%
8.87%
35.72%
2.29%
93.74%
8.95%
7.90%
35.09%
-4.06%
88.26%
11.44%
2.12
96.05
6.44
11.27%
2.81
101.69
6.16
11.00%
2.58
105.97
6.63
10.16%
3.28
115.18
7.10
9.31%
4.19
117.74
7.52
2.17
3.23
0.99
5.39
6.71
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
44
Financial Statement Analysis of Financial Sector
MCB ISLAMIC BANK LTD
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2015
2016
10,014,614
10,000,000
10,461
4,153
(31,862)
16,904,789
89,864
631,520
9,450,072
6,733,333
26,887,541
698,123
6,347,459
0
5,995,470
12,569,208
0
95,411
12,473,797
1,192,382
180,310
10,094,531
10,000,000
26,444
68,087
171,342
18,298,320
447,776
2,785,650
14,279,436
785,458
28,564,193
1,509,804
2,750,998
0
5,769,675
16,130,187
0
1,274
16,128,913
1,728,933
675,870
9,832,379
10,000,000
26,444
(194,065)
(201,600)
42,115,218
314,210
7,926,790
32,690,808
1,183,410
51,745,997
3,390,753
2,703,251
1,400,000
9,186,213
31,314,623
0
1,219
31,313,404
2,136,975
1,615,401
9,937,242
11,200,000
26,444
(1,289,202)
132,272
84,824,921
1,303,992
7,800,628
73,307,185
2,413,116
94,894,435
6,990,369
1,422,701
4,675,000
12,713,954
62,922,064
0
14,860
62,907,204
2,619,980
3,565,227
376,295
101,057
275,238
39,901
235,337
25,068
202,774
200,698
57,631
52,307
1,526,778
576,544
950,234
(94,137)
1,044,371
259,164
1,189,562
1,187,266
113,973
79,917
2,060,927
1,005,671
1,055,256
(55)
1,055,311
439,010
1,845,248
1,845,119
(350,927)
(262,997)
4,208,875
2,304,950
1,903,925
895,646
1,008,279
399,262
3,087,754
3,083,172
(1,680,213)
(1,095,982)
1,000,000
0.00%
0.00%
(2,936,850)
2,768,072
1,000,000
0.00%
0.00%
3,434,946
3,389,641
1,000,000
0.00%
0.00%
6,130,427
3,389,641
1,120,000
0.00%
0.00%
(17,450,371)
8,931,264
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
73.14%
1.02%
0.52%
0.19%
0.09%
0.88%
26.86%
3.48
50.52%
8.01
0.05
62.24%
3.33%
0.79%
0.28%
0.91%
3.66%
37.76%
10.42
66.61%
4.58
0.08
51.20%
2.04%
-2.67%
-0.51%
0.85%
2.04%
48.80%
-5.26
73.81%
4.20
-0.26
45.24%
2.01%
-11.03%
-1.15%
0.42%
1.06%
54.76%
-1.83
67.01%
7.72
-0.98
26.20%
22.30%
46.39%
35.15%
62.87%
133.01%
124.67%
14.92%
20.20%
56.47%
49.99%
64.06%
112.96%
94.52%
11.78%
17.75%
60.51%
63.18%
81.39%
95.79%
77.10%
8.87%
13.40%
66.29%
77.25%
89.39%
85.83%
77.58%
0.00%
0.76%
0.00%
41.82%
0.00%
0.01%
0.00%
-7,389.09%
0.00%
0.00%
0.00%
-4.51%
0.00%
0.02%
0.00%
6,027.23%
-
-
-
-
37.25%
0.28
10.01
0.94
35.34%
0.34
10.09
1.41
19.00%
0.34
9.83
3.32
10.47%
0.90
8.87
7.38
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
-56.15
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
45
42.98
-23.31
15.92
Financial Statement Analysis of Financial Sector
MEEZAN BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
23,274,720
10,027,379
7,288,754
5,958,587
615,610
413,619,938
5,619,826
15,465,418
380,421,569
12,113,125
437,510,268
29,728,764
5,501,077
90,766,297
114,089,252
183,285,548
6,912,000
7,573,606
175,711,942
8,273,239
13,439,697
25,556,784
10,027,379
8,587,363
6,942,042
790,326
505,502,824
6,560,324
13,609,551
471,820,959
13,511,990
531,849,934
43,685,636
11,175,060
101,079,476
146,304,897
215,775,663
7,064,000
8,206,840
207,568,823
8,056,743
13,979,299
28,149,073
10,027,379
9,699,685
8,422,009
2,324,545
631,581,836
13,756,970
32,005,501
559,397,881
26,421,484
662,055,454
56,036,849
12,021,351
129,115,165
130,156,297
319,616,864
6,847,000
8,086,594
311,530,270
8,053,136
15,142,386
34,338,420
10,629,022
13,368,809
10,340,589
738,973
753,730,607
17,175,035
36,813,295
667,180,865
32,561,412
788,808,000
64,556,170
4,895,816
147,229,221
119,238,246
428,833,530
6,606,000
8,804,442
420,029,088
11,362,868
21,496,591
40,378,938
11,691,924
15,161,249
13,525,765
(45,883)
897,582,350
23,750,543
36,407,811
785,476,944
51,947,052
937,915,405
65,022,041
8,255,187
184,814,600
123,742,867
522,263,763
6,985,000
9,699,241
512,564,522
13,129,126
30,387,062
28,803,059
15,440,250
13,362,809
466,504
12,896,305
4,754,884
10,752,655
10,459,934
6,898,534
4,570,086
33,113,741
14,897,149
18,216,592
563,174
17,653,418
4,596,720
13,798,885
13,560,648
8,451,253
5,022,509
30,761,376
12,872,844
17,888,532
(184,919)
18,073,451
5,657,319
14,787,934
14,680,291
8,942,836
5,561,611
36,426,932
15,683,700
20,743,232
1,283,326
19,459,906
7,624,282
16,832,178
16,579,977
10,252,010
6,312,767
48,624,458
20,456,948
28,167,510
1,168,051
26,999,459
7,462,503
19,669,556
19,290,136
14,792,406
8,962,200
1,002,738
0.28%
0.00%
(44,417,274)
260,532,165
1,002,738
0.30%
0.00%
52,687,232
326,925,590
1,002,738
0.30%
0.00%
(7,740,738)
367,448,209
1,062,902
0.30%
0.00%
(3,148,928)
363,667,883
1,169,192
0.35%
0.10%
8,732,438
462,955,500
46.39%
3.05%
19.64%
1.04%
1.09%
2.95%
53.61%
1.52
32.04%
2.20
4.56
55.01%
3.43%
19.65%
0.94%
0.86%
3.32%
44.99%
1.60
36.59%
2.95
5.01
58.15%
2.70%
19.76%
0.84%
0.85%
2.73%
41.85%
1.64
40.61%
2.59
5.55
56.94%
2.63%
18.38%
0.80%
0.97%
2.47%
43.06%
1.62
38.21%
2.17
5.94
57.93%
3.00%
22.20%
0.96%
0.80%
2.88%
42.07%
1.30
35.07%
2.58
7.67
8.05%
26.08%
40.16%
86.95%
94.54%
48.18%
46.30%
10.32%
27.51%
39.03%
88.71%
95.05%
45.73%
44.45%
10.28%
19.66%
47.06%
84.49%
95.40%
57.14%
54.04%
8.80%
15.12%
53.25%
84.58%
95.55%
64.28%
60.91%
7.81%
13.19%
54.65%
83.75%
95.70%
66.49%
63.54%
3.77%
4.13%
29.70%
6.16%
109.57%
3.27%
3.80%
27.64%
6.86%
116.18%
2.14%
2.53%
24.32%
-2.29%
118.10%
1.54%
2.05%
19.24%
14.58%
133.28%
1.34%
1.86%
17.30%
12.04%
138.86%
5.32%
11.19
23.21
16.34
4.81%
12.79
25.49
18.46
4.25%
13.05
28.07
19.87
4.35%
10.59
32.31
19.43
4.31%
11.47
34.54
19.45
-9.72
10.49
-1.39
-0.50
0.97
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
46
Financial Statement Analysis of Financial Sector
SAMBA BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
10,766,983
10,082,387
212,640
471,956
487,614
39,326,463
308,894
5,964,576
31,642,143
1,410,850
50,581,060
2,525,366
79,761
1,900,000
19,953,205
23,916,363
2,144,114
2,104,191
21,812,172
800,890
3,509,666
11,197,586
10,082,387
298,760
816,439
646,633
68,322,117
492,159
27,325,753
38,844,291
1,659,914
80,166,336
3,258,421
1,071,112
2,000,000
44,726,421
26,259,641
1,973,975
2,072,603
24,187,038
1,323,670
3,599,674
11,742,188
10,082,387
407,680
1,252,121
577,336
90,780,211
915,076
35,847,072
50,306,804
3,711,259
103,099,735
4,723,664
816,421
5,277,254
57,237,456
30,987,952
2,372,926
2,197,972
28,789,980
1,290,007
4,964,953
12,481,041
10,082,387
555,451
1,843,203
227,153
105,515,314
686,692
46,201,468
54,901,464
3,725,690
118,223,508
3,887,745
127,386
5,192,950
62,918,102
42,502,560
2,335,748
2,320,787
40,181,773
1,113,248
4,802,304
13,163,770
10,082,387
691,997
2,389,386
(380,015)
109,980,832
877,017
39,780,603
65,225,052
4,098,160
122,764,587
5,154,790
493,174
9,449,244
48,021,370
55,891,780
2,392,000
2,299,525
53,592,255
1,064,563
4,989,191
4,618,568
2,805,889
1,812,679
(99,358)
1,912,037
217,271
1,704,048
1,645,959
425,260
226,081
5,468,187
3,325,564
2,142,623
21,540
2,121,083
805,257
2,110,963
2,060,056
815,377
430,603
5,682,057
3,576,446
2,105,611
265,459
1,840,152
1,079,406
1,993,103
1,980,190
926,455
544,602
7,256,121
4,896,833
2,359,288
101,412
2,257,876
715,146
2,042,094
2,023,021
930,928
738,853
7,555,595
4,847,164
2,708,431
68,364
2,640,067
766,719
2,297,067
2,258,765
1,109,719
682,729
1,008,239
0.00%
0.00%
5,795,768
3,837,807
1,008,239
0.00%
0.00%
27,066,960
7,700,023
1,008,239
0.00%
0.00%
14,243,363
51,429,803
1,008,239
0.00%
0.00%
2,962,310
232,309,529
1,008,239
0.00%
0.00%
(16,691,215)
157,744,444
39.25%
3.58%
2.10%
0.45%
0.43%
3.78%
60.75%
3.87
35.24%
7.58
0.22
39.18%
2.67%
3.85%
0.54%
1.00%
2.65%
60.82%
2.53
33.65%
2.56
0.43
37.06%
2.04%
4.64%
0.53%
1.05%
1.78%
62.94%
2.14
29.48%
1.83
0.54
32.51%
2.00%
5.92%
0.62%
0.60%
1.91%
67.49%
2.17
25.62%
2.83
0.73
35.85%
2.21%
5.19%
0.56%
0.62%
2.15%
64.15%
2.04
27.60%
2.95
0.68
5.15%
39.45%
43.12%
62.56%
77.75%
75.58%
63.60%
5.40%
55.79%
30.17%
48.45%
85.23%
67.60%
39.69%
5.37%
55.52%
27.92%
48.79%
88.05%
61.60%
35.97%
3.40%
53.22%
33.99%
46.44%
89.25%
77.42%
42.04%
4.60%
39.12%
43.65%
53.13%
89.59%
85.69%
53.23%
8.97%
8.80%
19.91%
-4.72%
98.14%
7.52%
7.89%
17.63%
1.04%
105.00%
7.66%
7.09%
20.21%
12.08%
92.63%
5.50%
5.46%
18.71%
4.37%
99.36%
4.28%
4.11%
18.17%
2.97%
96.13%
21.29%
0.36
10.68
2.94
13.97%
0.69
11.11
3.47
11.39%
4.38
11.65
4.28
10.56%
18.61
12.38
4.40
10.72%
11.98
13.06
4.95
25.64
62.86
26.15
4.01
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
47
-24.45
Financial Statement Analysis of Financial Sector
SILKBANK LIMITED
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
19,652,059
28,916,048
180,134
(9,444,123)
(11,151,232)
94,235,026
2,153,091
21,742,246
68,770,255
1,569,434
102,735,853
5,102,984
139,478
3,000,000
18,105,414
64,417,139
8,221,947
5,450,262
58,966,877
4,563,290
12,857,810
66,843,317
77,998,099
180,134
(11,334,916)
(52,266,655)
118,526,209
2,413,342
33,230,182
81,097,581
1,785,104
133,102,871
7,343,670
194,065
6,260,444
35,512,864
67,045,340
8,520,000
5,971,133
61,074,207
4,496,648
18,220,973
66,568,833
77,998,099
327,845
(11,757,111)
(54,514,245)
122,979,234
3,996,044
30,195,702
86,787,423
2,000,065
135,033,822
7,370,962
87,748
706,572
37,488,482
69,312,185
5,820,000
4,509,557
64,802,628
4,101,219
20,476,211
13,128,623
23,431,374
554,903
(10,857,654)
52,723
153,673,186
3,192,981
35,582,000
110,277,807
4,620,398
166,854,532
8,413,176
218,420
8,620,649
38,266,735
90,137,784
5,820,000
4,287,069
85,850,715
4,176,746
21,308,091
14,454,954
23,431,374
820,890
(9,797,310)
(68,207)
159,290,039
2,866,568
18,051,854
132,664,084
5,707,533
173,676,786
8,871,567
309,994
12,612,156
28,924,993
103,566,168
6,675,000
5,212,166
98,354,002
3,981,271
20,622,803
9,429,216
5,969,099
3,460,117
367,613
3,092,504
1,720,363
4,681,452
4,692,044
131,415
86,860
8,933,315
5,833,685
3,099,630
724,377
2,375,253
1,894,323
6,109,278
5,268,719
(1,839,702)
(1,711,605)
9,959,053
5,609,691
4,349,362
(48,795)
4,398,157
2,212,664
5,325,689
5,500,470
1,285,132
738,553
11,670,271
6,184,217
5,486,054
553,737
4,932,317
2,943,468
6,489,237
6,434,457
1,386,548
1,135,288
15,596,213
8,990,735
6,605,478
1,268,673
5,336,805
3,414,872
6,874,849
6,781,153
1,876,828
1,329,933
2,891,605
0.00%
0.00%
1,540,395
30,156,360
7,799,810
0.00%
0.00%
14,775,621
30,275,711
7,799,810
0.00%
0.00%
5,049,696
35,894,373
2,343,137
0.00%
0.00%
(4,586,816)
36,055,464
2,343,137
0.00%
0.00%
(17,302,060)
47,353,704
36.70%
3.37%
0.44%
0.08%
1.67%
3.01%
63.30%
35.70
41.99%
2.73
0.03
34.70%
2.33%
-2.56%
-1.29%
1.42%
1.78%
65.30%
-2.86
56.42%
2.78
-0.22
43.67%
3.22%
1.11%
0.55%
1.64%
3.26%
56.33%
4.28
43.75%
2.49
0.09
47.01%
3.29%
8.65%
0.68%
1.76%
2.96%
52.99%
4.64
44.41%
2.19
0.48
42.35%
3.80%
9.20%
0.77%
1.97%
3.07%
57.65%
3.61
36.16%
1.99
0.57
5.10%
17.62%
57.40%
66.94%
91.73%
93.67%
71.17%
5.66%
26.68%
45.88%
60.93%
89.05%
82.67%
58.64%
5.52%
27.76%
47.99%
64.27%
91.07%
79.86%
59.25%
5.17%
22.93%
51.45%
66.09%
92.10%
81.74%
61.80%
5.29%
16.65%
56.63%
76.39%
91.72%
78.07%
68.72%
12.76%
8.46%
41.84%
6.74%
66.29%
12.71%
8.91%
12.75%
12.13%
70.08%
8.40%
6.51%
8.74%
-1.08%
77.48%
6.46%
4.76%
44.33%
12.92%
73.66%
6.45%
5.03%
46.18%
24.34%
78.08%
19.13%
1.53
6.80
3.50
50.22%
0.45
8.57
1.21
49.30%
0.54
8.53
1.30
7.87%
2.75
5.60
8.40
8.32%
3.28
6.17
9.18
17.73
-8.63
6.84
-4.04
-13.01
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
48
Financial Statement Analysis of Financial Sector
SONERI BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
15,108,732
11,024,636
933,911
3,150,185
1,930,495
196,136,080
2,779,715
25,824,908
163,250,371
4,281,086
213,175,307
15,776,136
1,024,566
154,342
75,715,677
115,613,735
10,224,405
7,645,530
107,968,205
5,013,968
7,522,413
16,337,318
11,024,636
1,049,465
4,263,217
1,854,624
235,149,887
2,751,084
39,875,623
185,222,383
7,300,797
253,341,829
16,718,428
1,634,544
3,306,244
108,633,807
120,616,960
11,584,107
8,615,208
112,001,752
4,956,732
6,090,322
14,841,725
11,024,636
1,423,829
2,393,260
3,447,502
263,515,862
4,163,509
38,905,078
209,893,582
10,553,693
281,805,089
18,278,840
822,689
5,521,875
117,883,960
133,753,036
10,419,420
8,447,271
125,305,765
4,936,122
9,055,838
14,872,229
11,024,636
1,752,494
2,095,099
3,632,370
306,714,696
4,895,447
64,584,236
227,304,100
9,930,913
325,219,295
19,431,256
1,151,015
6,502,687
117,428,516
172,772,430
10,244,669
8,479,515
164,292,915
6,464,678
9,948,228
13,676,500
11,024,636
2,109,227
542,637
4,312,374
364,508,914
3,993,525
81,962,917
262,378,761
16,173,711
382,497,788
26,019,679
1,179,612
3,921,270
146,645,533
194,831,205
11,357,132
8,356,022
186,475,183
6,238,673
12,017,838
16,906,398
10,626,395
6,280,003
549,113
5,730,890
2,508,690
5,797,684
5,605,644
2,441,896
1,582,055
18,319,732
10,722,265
7,597,467
1,029,241
6,568,226
3,150,383
6,123,002
5,972,315
3,595,607
2,212,768
17,524,408
10,680,270
6,844,138
24,407
6,819,731
2,736,237
6,478,629
6,388,894
3,077,339
1,878,844
18,504,526
12,032,444
6,472,082
77,503
6,394,579
3,456,114
7,003,130
6,942,982
2,847,563
1,659,919
21,599,792
14,646,799
6,952,993
(71,072)
7,024,065
3,260,171
7,379,583
7,420,176
2,904,653
1,783,664
1,102,464
10.00%
0.00%
30,229,741
49,894,004
1,102,464
12.50%
0.00%
33,745,470
117,300,198
1,102,464
0.13%
0.00%
13,074,630
83,399,392
1,102,464
0.75%
0.00%
(5,929,785)
294,123,363
1,102,464
0.10%
0.00%
38,673,405
558,430,406
37.15%
2.95%
10.47%
0.74%
1.18%
2.69%
62.85%
2.30
29.86%
2.23
1.44
41.47%
3.00%
13.54%
0.87%
1.24%
2.59%
58.53%
1.66
28.52%
1.90
2.01
39.05%
2.43%
12.66%
0.67%
0.97%
2.42%
60.95%
2.08
31.98%
2.33
1.70
34.98%
1.99%
11.16%
0.51%
1.06%
1.97%
65.02%
2.44
31.89%
2.01
1.51
32.19%
1.82%
13.04%
0.47%
0.85%
1.84%
67.81%
2.55
29.68%
2.28
1.62
7.88%
35.52%
50.65%
76.58%
92.01%
70.82%
61.15%
7.24%
42.88%
44.21%
73.11%
92.82%
65.12%
53.58%
6.78%
41.83%
44.47%
74.48%
93.51%
63.72%
53.76%
6.33%
36.11%
50.52%
69.89%
94.31%
76.01%
59.19%
7.11%
38.34%
48.75%
68.60%
95.30%
74.26%
56.58%
8.84%
6.61%
67.67%
7.18%
74.78%
9.60%
7.14%
70.91%
11.95%
74.37%
7.79%
6.32%
70.20%
0.29%
81.07%
5.93%
4.91%
68.88%
0.91%
82.77%
5.83%
4.29%
83.04%
-0.85%
73.58%
7.09%
3.30
13.70
10.81
6.45%
7.18
14.82
11.34
5.27%
5.62
13.46
14.14
4.57%
19.78
13.49
15.28
3.58%
40.83
12.41
19.18
19.11
15.25
6.96
-3.57
21.68
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
49
Financial Statement Analysis of Financial Sector
STANDARD CHARTERED BANK (PAKISTAN) LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
54,456,473
38,715,850
8,989,320
6,751,303
6,258,979
348,852,431
5,563,605
17,244,671
304,503,668
21,540,487
409,567,883
21,475,345
387,301
10,813,559
189,678,370
155,633,591
23,095,733
21,450,000
134,183,591
6,282,553
46,747,164
55,016,165
38,715,850
10,847,005
5,453,310
6,934,290
385,397,336
11,401,191
21,784,451
327,237,527
24,974,167
447,347,791
29,482,134
4,300,002
20,450,620
231,837,351
130,370,154
24,018,416
21,516,718
108,853,436
5,963,952
46,460,296
56,871,970
38,715,850
12,770,562
5,385,558
4,410,323
413,469,926
10,821,793
14,400,841
365,562,094
22,685,198
474,752,219
40,729,979
5,699,791
19,798,390
245,850,227
133,631,337
0
19,680,570
113,950,767
5,773,296
42,949,769
57,335,131
38,715,850
14,419,594
4,199,687
5,601,565
456,895,452
18,958,345
26,029,816
377,576,064
34,331,227
519,832,148
35,085,289
779,856
8,067,665
272,487,815
157,259,073
19,587,098
19,624,561
137,634,512
8,033,890
57,743,121
61,709,698
38,715,850
16,667,466
6,326,382
5,528,671
508,842,967
16,943,627
24,023,697
424,898,936
42,976,707
576,081,336
50,293,497
2,344,297
6,465,508
279,065,904
187,162,249
17,402,702
17,618,487
169,543,762
7,837,979
60,530,389
35,269,158
13,873,493
21,395,665
483,495
20,912,170
7,400,269
12,944,432
12,496,824
15,368,007
9,814,885
32,937,559
10,629,849
22,307,710
1,557,406
20,750,304
7,097,124
12,462,809
12,104,946
15,384,619
9,288,426
28,395,001
9,009,663
19,385,338
(1,140,898)
20,526,236
7,162,775
12,344,145
11,964,196
15,344,866
9,617,785
26,798,792
10,300,723
16,498,069
283,664
16,214,405
8,981,850
11,743,130
11,456,760
13,453,125
8,245,162
31,206,960
12,376,471
18,830,489
(1,218,457)
20,048,946
9,687,692
11,290,065
10,886,745
18,446,573
11,239,360
3,871,585
22.50%
0.00%
28,634,903
203,878,029
3,871,585
20.00%
0.00%
68,518,633
241,787,063
3,871,585
20.00%
0.00%
39,063,346
271,501,653
3,871,585
0.18%
0.00%
22,803,463
419,438,146
3,871,585
0.23%
0.00%
19,955,900
422,981,202
60.66%
5.22%
18.02%
2.40%
1.81%
5.11%
39.34%
0.81
30.34%
1.69
2.54
67.73%
4.99%
16.88%
2.08%
1.59%
4.64%
32.27%
0.79
31.13%
1.71
2.40
68.27%
4.08%
16.91%
2.03%
1.51%
4.32%
31.73%
0.78
34.72%
1.67
2.48
61.56%
3.17%
14.38%
1.59%
1.73%
3.12%
38.44%
0.85
32.82%
1.28
2.13
60.34%
3.27%
18.21%
1.95%
1.68%
3.48%
39.66%
0.59
27.61%
1.12
2.90
5.34%
46.31%
32.76%
74.35%
85.18%
51.11%
48.37%
7.55%
51.82%
24.33%
73.15%
86.15%
39.84%
37.35%
9.78%
51.78%
24.00%
77.00%
87.09%
36.56%
35.17%
6.90%
52.42%
26.48%
72.63%
87.89%
41.65%
38.96%
9.14%
48.44%
29.43%
73.76%
88.33%
44.05%
41.69%
14.84%
13.78%
42.41%
2.25%
92.87%
18.42%
16.50%
43.66%
7.24%
89.58%
0.00%
14.73%
0.00%
-5.80%
-
12.46%
12.48%
34.16%
1.45%
100.19%
9.30%
9.41%
28.20%
-6.92%
101.24%
13.30%
3.74
14.07
5.59
12.30%
4.39
14.21
5.95
11.98%
4.77
14.69
6.43
11.03%
7.32
14.81
6.59
10.71%
6.85
15.94
6.89
2.92
7.38
4.06
2.77
1.78
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
50
Financial Statement Analysis of Financial Sector
SUMMIT BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
11,017,324
10,779,796
7,897,041
(7,659,513)
1,344,213
136,095,804
1,531,639
25,312,661
105,309,434
3,942,070
148,457,341
9,383,947
4,377,154
650,000
45,497,115
77,804,045
14,838,307
11,349,348
66,454,697
7,283,654
14,810,774
10,799,082
10,779,796
7,440,485
(7,421,199)
1,158,584
176,462,755
2,728,797
49,755,998
119,854,302
4,123,658
188,420,421
10,539,906
2,919,244
1,000,000
78,192,065
83,098,916
17,183,005
12,544,846
70,554,070
9,321,873
15,893,263
10,559,950
17,786,663
2,288,488
(9,515,201)
2,112,002
202,350,396
5,061,470
49,819,840
142,871,229
4,597,857
215,022,348
12,786,616
2,582,531
1,631,583
90,575,032
94,255,433
16,719,020
14,411,701
79,843,732
12,272,884
15,329,970
9,539,583
26,381,510
(6,306,359)
(10,535,568)
1,494,942
222,015,411
3,065,379
67,307,766
145,729,707
5,912,559
233,049,936
13,556,723
2,440,333
10,671,003
95,231,064
99,531,320
17,065,580
14,009,450
85,521,870
12,664,584
12,964,359
9,539,583
26,381,510
(6,306,359)
(10,535,568)
1,494,942
222,015,411
3,065,379
67,307,766
145,729,707
5,912,559
233,049,936
13,556,723
2,440,333
10,671,003
95,231,064
99,531,320
17,065,580
14,009,450
85,521,870
12,664,584
12,964,359
9,826,877
7,400,632
2,426,245
563,074
1,863,171
3,120,508
4,971,757
4,897,850
11,922
229,450
10,705,473
7,656,589
3,048,884
1,575,408
1,473,476
4,319,966
5,137,322
5,113,648
656,120
217,222
10,626,799
7,853,591
2,773,208
1,884,185
889,023
3,127,394
5,934,128
5,817,604
(1,917,711)
(2,174,392)
10,644,945
7,745,052
2,899,893
(146,070)
3,045,963
2,419,997
6,228,728
6,069,011
(762,768)
(1,146,439)
10,644,945
7,745,052
2,899,893
(146,070)
3,045,963
2,419,997
6,228,728
6,069,011
(762,768)
(1,146,439)
1,077,980
0.00%
0.00%
1,298,958
111,449,565
1,077,980
0.00%
0.00%
35,881,502
145,031,813
1,778,666
0.00%
0.00%
12,495,069
107,826,940
2,638,151
0.00%
0.00%
7,416,783
117,856,006
2,638,151
0.00%
0.00%
7,416,783
117,856,006
24.69%
1.63%
2.08%
0.15%
2.10%
1.26%
75.31%
410.82
38.40%
1.57
0.21
28.48%
1.62%
2.01%
0.12%
2.29%
0.78%
71.52%
7.79
34.19%
1.18
0.20
26.10%
1.29%
-20.59%
-1.01%
1.45%
0.41%
73.90%
-3.03
43.14%
1.86
-1.22
27.24%
1.24%
-12.02%
-0.49%
1.04%
1.31%
72.76%
-7.96
47.68%
2.51
-0.43
27.24%
1.24%
-12.02%
-0.49%
1.04%
1.31%
72.76%
-7.96
47.68%
2.51
-0.43
9.27%
30.65%
44.76%
70.94%
91.67%
73.88%
59.56%
7.14%
41.50%
37.45%
63.61%
93.65%
69.33%
48.99%
7.15%
42.12%
37.13%
66.44%
94.11%
65.97%
48.92%
6.86%
40.86%
36.70%
62.53%
95.27%
68.30%
46.72%
6.86%
40.86%
36.70%
62.53%
95.27%
68.30%
46.72%
19.07%
14.59%
134.68%
4.96%
76.49%
20.68%
15.10%
159.12%
12.56%
73.01%
17.74%
15.29%
158.32%
13.07%
86.20%
17.15%
14.08%
178.89%
-1.04%
82.09%
17.15%
14.08%
178.89%
-1.04%
82.09%
7.42%
10.12
10.22
9.56
5.73%
13.43
10.02
11.10
4.91%
10.21
5.94
13.53
4.09%
12.35
3.62
15.28
4.09%
12.35
3.62
15.28
5.66
165.18
-5.75
-6.47
-6.47
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
51
Financial Statement Analysis of Financial Sector
UNITED BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
94,589,280
12,241,798
34,130,131
48,217,351
30,927,172
985,897,655
9,553,585
53,065,156
895,083,053
28,195,861
1,111,414,107
74,687,959
12,885,121
21,872,138
497,334,002
479,998,320
53,853,000
45,734,270
434,264,050
29,067,930
41,302,907
105,867,061
12,241,798
38,402,303
55,222,960
36,268,414
1,258,515,368
13,391,739
163,131,947
1,051,235,170
30,756,512
1,400,650,843
112,011,276
16,859,118
24,094,768
719,518,093
497,031,910
46,833,232
41,618,030
455,413,880
30,641,032
42,112,676
116,942,573
12,241,798
40,454,505
64,246,270
34,844,288
1,448,845,529
24,519,507
201,549,619
1,167,123,963
55,652,440
1,600,632,390
131,506,861
14,920,994
25,710,707
806,531,246
550,636,310
44,566,984
40,525,386
510,110,924
33,579,026
78,272,632
127,001,081
12,241,798
43,846,877
70,912,406
32,305,966
1,873,626,887
29,847,743
512,650,465
1,272,787,824
58,340,855
2,032,933,934
157,582,687
19,516,198
10,867,531
1,091,786,626
670,055,700
52,246,691
42,696,864
627,358,836
45,208,373
80,613,683
134,682,882
12,241,798
54,439,238
68,001,846
16,587,066
1,738,329,198
27,249,136
268,124,033
1,366,060,048
76,895,981
1,889,599,146
1,834,567,358
23,345,698
33,941,546
786,375,326
776,272,341
68,561,721
60,335,610
715,936,731
45,799,099
(1,550,366,612)
82,735,467
37,768,546
44,966,921
881,974
44,084,947
19,296,047
29,982,904
29,030,374
33,398,090
21,929,561
94,352,931
38,511,161
55,841,770
3,630,906
52,210,864
21,987,007
32,023,186
30,896,159
42,174,685
25,727,149
98,219,214
41,176,686
57,042,528
1,478,866
55,563,662
23,608,642
33,156,708
31,903,598
46,015,596
27,730,112
107,205,820
50,781,440
56,424,380
2,449,810
53,974,570
22,162,142
36,218,256
35,349,864
39,918,456
25,179,647
113,198,299
56,964,028
56,234,271
12,914,078
43,320,193
25,071,809
36,768,122
38,826,761
24,966,664
15,226,095
1,224,180
115.00%
0.00%
49,134,432
620,763,453
1,224,180
1.30%
0.00%
266,687,926
749,066,735
1,224,180
1.30%
0.00%
130,776,564
727,624,808
1,224,180
1.30%
0.00%
253,458,855
949,350,377
1,224,180
0.11%
0.00%
(244,641,712)
1,118,899,495
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
54.35%
4.05%
23.18%
1.97%
1.74%
3.97%
45.65%
0.87
29.39%
1.50
17.91
59.18%
3.99%
24.30%
1.84%
1.57%
3.73%
40.82%
0.73
27.53%
1.41
21.02
58.08%
3.56%
23.71%
1.73%
1.47%
3.47%
41.92%
0.69
27.22%
1.35
22.65
52.63%
2.78%
19.83%
1.24%
1.09%
2.66%
47.37%
0.89
28.00%
1.60
20.57
49.68%
2.98%
11.31%
0.81%
1.33%
2.29%
50.32%
1.56
26.59%
1.55
12.44
7.88%
44.75%
39.07%
80.54%
88.71%
53.63%
50.62%
9.20%
51.37%
32.51%
75.05%
89.85%
47.28%
40.93%
9.15%
50.39%
31.87%
72.92%
90.52%
47.18%
40.23%
8.71%
53.70%
30.86%
62.61%
92.16%
52.64%
37.53%
98.32%
41.62%
37.89%
72.29%
91.99%
56.83%
47.50%
11.22%
9.53%
56.93%
1.93%
84.92%
9.42%
8.37%
44.24%
8.72%
88.86%
8.09%
7.36%
38.11%
3.65%
90.93%
7.80%
6.37%
41.14%
5.74%
81.72%
8.83%
7.77%
50.91%
21.40%
88.00%
8.51%
6.56
77.27
9.46
7.56%
7.08
86.48
9.93
7.31%
6.22
95.53
9.98
6.25%
7.48
103.74
10.02
7.13%
8.31
110.02
10.14
2.24
10.37
4.72
10.07
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
52
-16.07
Financial Statement Analysis of Financial Sector
Specialized Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
12,146,463
16,853,159
11,378,346
(16,085,042)
97,992,358
80,947,376
652,922
25,155,511
33,908,489
21,230,454
191,086,197
5,678,993
6,849,522
2,192,109
33,993,017
139,349,998
32,578,968
19,881,886
119,468,112
6,355,719
16,548,725
17,768,377
16,853,192
12,454,959
(11,539,774)
47,151,416
154,694,215
494,597
83,441,779
45,450,298
25,307,541
219,614,008
3,818,346
18,193,382
1,996,740
26,307,614
159,395,469
30,070,372
17,886,655
141,508,814
6,889,399
20,899,713
20,751,615
22,801,791
7,188,868
(9,239,044)
47,456,734
179,983,395
607,015
82,755,550
69,443,331
27,177,499
248,191,744
4,847,858
20,972,307
1,576,959
44,974,063
166,122,795
36,208,022
18,142,902
147,979,893
6,866,685
20,973,979
20,645,375
22,800,430
7,218,925
(9,373,980)
50,110,143
182,994,491
641,889
84,603,539
70,411,781
27,337,282
253,750,009
5,063,965
21,575,977
1,402,610
47,106,369
166,083,621
36,162,795
18,124,819
147,958,802
9,353,570
21,288,716
20,380,986
22,800,504
7,248,160
(9,667,678)
50,009,085
183,622,608
644,807
84,603,539
70,677,974
27,696,288
254,012,679
5,154,764
20,898,962
1,402,610
47,384,585
166,612,998
36,205,354
18,124,819
148,488,179
9,359,612
21,323,967
18,077,543
3,111,035
14,966,508
1,429,018
13,537,490
4,901,074
10,009,180
9,968,936
8,429,384
5,480,840
20,825,904
6,672,349
14,153,555
(514,517)
14,668,072
6,497,886
12,183,027
11,992,338
8,982,931
5,833,444
22,004,508
6,051,789
15,952,719
1,898,443
14,054,276
4,821,020
12,423,944
12,092,303
6,451,352
3,396,194
22,104,563
6,097,101
16,007,462
1,866,018
14,141,444
4,812,684
12,693,242
12,264,393
6,260,886
3,313,296
22,228,721
6,136,773
16,091,948
1,866,018
14,225,930
4,825,799
12,770,297
12,381,448
6,281,432
3,319,216
1,510,877
1,495,859
1,495,859
1,570,350
1,570,351
N/A
N/A
2,409,404
7,020,284
N/A
N/A
2,653,648
9,404,490
N/A
N/A
19,905,320
15,952,522
N/A
N/A
22,729,181
17,811,995
N/A
N/A
21,635,159
17,855,663
82.79%
7.83%
45.12%
2.87%
2.56%
7.08%
17.21%
1.18
43.56%
2.03
3.63
67.96%
6.44%
32.83%
2.66%
2.96%
6.68%
32.04%
1.34
44.59%
1.85
3.90
72.50%
6.43%
16.37%
1.37%
1.94%
5.66%
27.50%
1.87
46.31%
2.51
2.27
72.42%
6.31%
16.05%
1.31%
1.90%
5.57%
27.58%
1.96
47.16%
2.55
2.11
72.39%
6.34%
16.29%
1.31%
1.90%
5.60%
27.61%
1.97
47.20%
2.57
2.11
6.56%
17.79%
62.52%
17.75%
42.36%
410.96%
235.93%
10.02%
11.98%
64.44%
20.70%
70.44%
350.70%
123.67%
10.40%
18.12%
59.62%
27.98%
72.52%
239.22%
109.15%
10.50%
18.56%
58.31%
27.75%
72.12%
235.87%
107.14%
10.26%
18.65%
58.46%
27.82%
72.29%
235.74%
107.30%
23.38%
14.27%
268.22%
7.19%
61.03%
18.87%
11.22%
169.24%
-2.88%
59.48%
21.80%
10.92%
174.48%
10.46%
50.11%
21.77%
10.91%
175.16%
10.30%
50.12%
21.73%
10.88%
177.64%
10.30%
50.06%
6.36%
0.58
8.04
2.79
8.09%
0.53
11.88
2.56
8.36%
0.77
13.87
3.35
8.14%
0.86
13.15
3.41
8.02%
0.88
12.98
3.47
0.44
0.45
5.86
6.86
6.52
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
53
Financial Statement Analysis of Financial Sector
INDUSTRIAL DEVELOPMENT BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
(27,008,838)
1
0
(27,008,839)
365,326
30,881,083
5,595
23,409,994
155,757
7,309,737
4,237,571
41,269
12,621
656,919
1,058,537
6,018,848
6,009,136
6,009,136
9,712
49,443
2,409,070
(26,281,768)
1
0
(26,281,769)
43,917
30,346,348
7,107
23,409,994
165,002
6,764,245
4,108,497
45,299
7,338
1,111,740
489,703
5,890,949
5,881,104
5,881,104
9,845
49,268
2,395,304
(26,102,344)
1
0
(26,102,345)
76,967
30,104,331
3,534
23,409,994
157,339
6,533,464
4,078,954
38,503
8,080
1,131,959
460,986
5,785,114
5,776,630
5,776,630
8,484
49,187
2,381,755
(25,916,289)
0
0
(25,916,289)
68,084
30,123,511
3,520
23,409,994
139,477
6,570,520
4,275,306
22,467
7,631
1,402,610
443,102
5,786,744
5,776,999
5,776,999
9,745
49,184
2,340,567
(25,916,289)
0
0
(25,916,289)
68,084
30,123,511
3,520
23,409,994
139,477
6,570,520
4,275,306
22,467
7,631
1,402,610
443,102
5,786,744
5,776,999
5,776,999
9,745
49,184
2,340,567
173,553
19,229
154,324
(144,065)
298,389
190,430
119,016
117,104
369,803
366,670
121,523
22,135
99,388
(38,549)
137,937
767,381
150,828
114,029
754,490
753,255
110,900
14,323
96,577
(22,376)
118,953
219,573
118,391
113,075
220,135
217,151
102,715
10,765
91,950
(102,066)
194,016
223,697
126,747
126,706
290,966
219,048
102,715
10,765
91,950
(102,066)
194,016
223,697
126,747
126,706
290,966
219,048
0
0.00%
0.00%
(6,021)
132,441
0
0.00%
0.00%
(1,017,313)
132,383
0
0.00%
0.00%
(211,853)
136,765
0
0.00%
0.00%
(187,160)
95,803
0
0.00%
0.00%
(187,160)
95,803
88.92%
3.64%
-1.36%
8.65%
4.49%
7.04%
11.08%
0.32
32.70%
0.61
-
81.79%
2.42%
-2.87%
18.33%
18.68%
3.36%
18.21%
0.15
16.97%
0.15
87.08%
2.37%
-0.83%
5.32%
5.38%
2.92%
12.92%
0.51
35.82%
0.51
89.52%
2.15%
-0.85%
5.12%
5.23%
4.54%
10.48%
0.44
38.83%
0.57
89.52%
2.15%
-0.85%
5.12%
5.23%
4.54%
10.48%
0.44
38.83%
0.57
-
-
-
-
1.27%
24.98%
0.23%
3.68%
728.74%
3,864.26%
25.54%
1.28%
11.92%
0.24%
4.02%
738.62%
3,570.23%
24.99%
1.14%
11.30%
0.21%
3.86%
738.04%
3,676.85%
24.55%
0.70%
10.36%
0.23%
3.26%
704.59%
4,148.89%
24.57%
0.70%
10.36%
0.23%
3.26%
704.59%
4,148.89%
24.57%
99.84%
99.84%
-22.25%
-2.40%
100.00%
99.83%
99.83%
-22.38%
-0.66%
100.00%
99.85%
99.85%
-22.13%
-0.39%
100.00%
99.83%
99.83%
-22.29%
-1.77%
100.00%
99.83%
99.83%
-22.29%
-1.77%
100.00%
-637.37%
0.00
-0.01
-639.69%
-0.01
-639.93%
-0.01
-606.19%
0.00
-606.19%
0.00
-
-
-
-
-0.01
-0.01
-0.01
-0.01
-0.02
-1.35
-0.98
-0.85
-0.85
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
54
Financial Statement Analysis of Financial Sector
SME BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
626,363
2,392,507
206,526
(1,972,670)
63,003
4,610,986
58,298
776,168
3,343,102
433,418
5,300,352
366,783
2,835
215,000
1,446,493
8,253,602
5,640,890
5,324,865
2,928,737
130,415
210,089
302,827
2,392,507
206,526
(2,296,206)
53,489
8,260,210
114,107
2,888,685
4,770,201
487,217
8,616,526
390,011
1,739
885,000
4,117,491
8,011,882
5,517,582
5,260,172
2,751,710
119,002
351,573
8,328
2,392,507
206,526
(2,590,705)
12,320
9,357,567
95,443
3,460,326
5,228,716
573,082
9,378,215
560,802
4,226
445,000
4,869,535
8,028,712
5,418,812
5,256,992
2,771,720
101,141
625,791
(406,365)
2,392,507
206,526
(3,005,398)
(27,980)
11,429,439
92,554
5,308,315
5,343,655
684,915
10,995,094
435,791
11,321
0
6,911,314
7,744,049
5,396,984
5,238,540
2,505,509
63,122
1,068,037
(406,365)
2,392,507
206,526
(3,005,398)
(27,980)
11,429,439
92,554
5,308,315
5,343,655
684,915
10,995,094
435,791
11,321
0
6,911,314
7,744,049
5,396,984
5,238,540
2,505,509
63,122
1,068,037
788,780
542,594
246,186
78,096
168,090
87,528
633,949
596,050
(378,331)
(387,073)
705,267
436,280
268,987
(62,867)
331,854
47,934
654,358
645,250
(274,570)
(282,157)
615,070
441,204
173,866
(64,266)
238,132
47,270
742,220
740,332
(456,818)
(199,242)
649,278
520,408
128,870
(16,807)
145,677
24,738
891,422
840,252
(721,007)
(294,022)
649,278
520,408
128,870
(16,807)
145,677
24,738
891,422
840,252
(721,007)
(294,022)
239,251
0.00%
0.00%
(1,531,920)
2,295,562
239,251
0.00%
0.00%
3,102,178
4,376,730
239,251
0.00%
0.00%
508,200
4,846,806
239,251
0.00%
0.00%
1,990,780
6,730,038
239,251
0.00%
0.00%
1,990,780
6,730,038
31.21%
4.64%
-61.80%
-7.30%
1.65%
3.17%
68.79%
-1.58
72.34%
6.81
-1.62
38.14%
3.12%
-93.17%
-3.27%
0.56%
3.85%
61.86%
-2.35
86.88%
13.46
-1.18
28.27%
1.85%
-2,392.44%
-2.12%
0.50%
2.54%
71.73%
-1.62
112.06%
15.66
-0.83
19.85%
1.17%
72.35%
-2.67%
0.22%
1.32%
80.15%
-1.17
132.26%
33.97
-1.23
19.85%
1.17%
72.35%
-2.67%
0.22%
1.32%
80.15%
-1.17
132.26%
33.97
-1.23
6.97%
27.29%
55.26%
63.07%
86.99%
246.88%
200.37%
4.55%
47.79%
31.94%
55.36%
95.86%
167.96%
104.61%
6.02%
51.92%
29.55%
55.75%
99.78%
153.55%
92.40%
4.07%
62.86%
22.79%
48.60%
103.95%
144.92%
72.70%
4.07%
62.86%
22.79%
48.60%
103.95%
144.92%
72.70%
68.34%
64.52%
900.58%
1.47%
94.40%
68.87%
65.65%
1,822.02%
-1.20%
95.33%
67.49%
65.48%
65,067.39%
-1.22%
97.01%
69.69%
67.65%
-1,328.11%
-0.32%
97.06%
69.69%
67.65%
-1,328.11%
-0.32%
97.06%
11.82%
3.66
2.62
5.34
3.51%
14.45
1.27
15.75
0.09%
581.99
0.03
627.85
-3.70%
-16.56
-1.70
-13.15
-3.70%
-16.56
-1.70
-13.15
-2.55
-6.77
-6.77
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
3.96
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
55
-10.99
Financial Statement Analysis of Financial Sector
THE PUNJAB PROVINCIAL COOPERATIVE BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
6,863,187
1,938,210
6,581,685
(1,656,708)
4,598,141
6,524,069
27,065
0
3,707,719
2,789,285
17,985,397
779,550
1,240,883
500,000
2,150,672
9,581,782
2,265,220
1,606,077
7,975,705
4,594,887
743,700
6,863,289
1,938,243
6,603,774
(1,678,728)
4,726,591
7,724,985
27,324
0
4,567,142
3,130,519
19,314,865
866,698
1,775,794
0
1,934,771
10,800,592
2,147,218
1,606,077
9,194,515
4,619,964
923,123
6,989,035
7,886,842
682,816
(1,580,623)
4,783,944
7,400,612
14,807
0
4,186,617
3,199,188
19,173,591
770,803
885,556
0
2,525,001
11,040,810
2,270,105
1,606,271
9,434,539
4,645,212
912,480
7,111,433
7,885,482
712,873
(1,486,922)
7,486,536
8,320,656
52,584
0
5,057,990
3,210,082
22,918,625
1,127,957
1,482,580
0
2,633,412
11,284,669
2,246,337
1,606,271
9,678,398
7,170,119
826,159
6,847,044
7,885,556
742,108
(1,780,620)
7,385,478
8,948,773
55,502
0
5,324,183
3,569,088
23,181,295
1,218,756
805,565
0
2,911,628
11,814,046
2,288,896
1,606,271
10,207,775
7,176,161
861,410
1,619,737
149,263
1,470,474
0
1,470,474
109,944
1,469,612
1,469,612
110,806
83,859
1,739,766
197,365
1,542,401
0
1,542,401
99,907
1,518,121
1,432,249
124,187
89,725
1,647,117
140,781
1,506,336
194
1,506,142
132,477
1,496,634
1,389,835
141,985
103,948
1,721,149
110,447
1,610,702
0
1,610,702
142,549
1,608,374
1,448,374
144,877
113,933
1,845,307
150,119
1,695,188
0
1,695,188
155,664
1,685,429
1,565,429
165,423
119,853
19,382
0.00%
0.00%
1,516,968
23,086
4,364
0.00%
0.00%
301,375
152,152
4,364
0.00%
0.00%
(441,734)
204,137
78,855
0.00%
0.00%
874,854
221,340
78,856
0.00%
0.00%
(219,168)
265,008
90.78%
8.18%
1.22%
0.47%
0.61%
8.18%
9.22%
13.26
84.96%
13.37
4.33
88.66%
7.99%
1.31%
0.46%
0.52%
7.99%
11.34%
11.53
82.52%
14.34
20.56
91.45%
7.86%
1.49%
0.54%
0.69%
7.86%
8.55%
9.79
84.10%
10.49
23.82
93.58%
7.03%
1.60%
0.50%
0.62%
7.03%
6.42%
10.00
86.30%
10.16
1.44
91.86%
7.31%
1.75%
0.52%
0.67%
7.31%
8.14%
9.46
84.23%
10.06
1.52
11.23%
11.96%
44.35%
20.62%
36.27%
258.43%
258.43%
13.68%
10.02%
47.60%
23.65%
40.00%
236.48%
236.48%
8.64%
13.17%
49.21%
21.84%
38.60%
263.72%
263.72%
11.39%
11.49%
42.23%
22.07%
36.31%
223.11%
223.11%
8.73%
12.56%
44.03%
22.97%
38.60%
221.89%
221.89%
23.64%
16.76%
33.01%
0.00%
70.90%
19.88%
14.87%
31.29%
0.00%
74.80%
20.56%
14.55%
32.48%
0.01%
70.76%
19.91%
14.23%
31.59%
0.00%
71.51%
19.37%
13.60%
33.43%
0.00%
70.18%
38.16%
0.00
354.10
0.54
35.53%
0.02
1,572.71
0.67
36.45%
0.03
1,601.52
0.60
31.03%
0.03
90.18
0.71
29.54%
0.04
86.83
0.78
18.09
3.36
-4.25
7.68
-1.83
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
56
Financial Statement Analysis of Financial Sector
ZARAI TARAQIATI BANK LTD. (ZTBL)
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
31,665,751
12,522,441
4,590,135
14,553,175
92,965,888
38,931,238
561,964
969,349
26,701,911
10,698,014
163,562,877
4,491,391
5,593,183
820,190
29,337,315
115,495,766
18,663,722
6,941,808
108,553,958
1,580,974
13,185,866
36,884,029
12,522,441
5,644,659
18,716,929
42,327,419
108,362,672
346,059
57,143,100
35,947,953
14,925,560
187,574,120
2,516,338
16,408,511
0
19,765,649
134,692,046
16,524,468
5,139,302
129,552,744
2,101,165
17,229,713
39,856,596
12,522,441
6,299,526
21,034,629
42,583,503
133,120,885
493,231
55,885,230
59,870,659
16,871,765
215,560,984
3,477,750
20,074,445
0
37,118,541
141,268,159
22,742,475
5,503,009
135,765,150
2,071,145
17,053,953
39,856,596
12,522,441
6,299,526
21,034,629
42,583,503
133,120,885
493,231
55,885,230
59,870,659
16,871,765
215,560,984
3,477,750
20,074,445
0
37,118,541
141,268,159
22,742,475
5,503,009
135,765,150
2,071,145
17,053,953
39,856,596
12,522,441
6,299,526
21,034,629
42,583,503
133,120,885
493,231
55,885,230
59,870,659
16,871,765
215,560,984
3,477,750
20,074,445
0
37,118,541
141,268,159
22,742,475
5,503,009
135,765,150
2,071,145
17,053,953
15,495,473
2,399,949
13,095,524
1,494,987
11,600,537
4,513,172
7,786,603
7,786,170
8,327,106
5,417,384
18,259,348
6,016,569
12,242,779
(413,101)
12,655,880
5,582,664
9,859,720
9,800,810
8,378,824
5,272,621
19,631,421
5,455,481
14,175,940
1,984,891
12,191,049
4,421,700
10,066,699
9,849,061
6,546,050
3,274,337
19,631,421
5,455,481
14,175,940
1,984,891
12,191,049
4,421,700
10,066,699
9,849,061
6,546,050
3,274,337
19,631,421
5,455,481
14,175,940
1,984,891
12,191,049
4,421,700
10,066,699
9,849,061
6,546,050
3,274,337
1,252,244
0.00%
0.00%
2,430,377
4,569,195
1,252,244
0.00%
0.00%
267,408
4,743,225
1,252,244
0.00%
0.00%
20,050,707
10,764,814
1,252,244
0.00%
0.00%
20,050,707
10,764,814
1,252,244
0.00%
0.00%
20,050,707
10,764,814
84.51%
8.01%
17.11%
3.31%
2.76%
7.09%
15.49%
0.94
38.92%
1.73
4.33
67.05%
6.53%
14.30%
2.81%
2.98%
6.75%
32.95%
1.17
41.35%
1.76
4.21
72.21%
6.58%
8.22%
1.52%
2.05%
5.66%
27.79%
1.50
41.85%
2.23
2.61
72.21%
6.58%
8.22%
1.52%
2.05%
5.66%
27.79%
1.50
41.85%
2.23
2.61
72.21%
6.58%
8.22%
1.52%
2.05%
5.66%
27.79%
1.50
41.85%
2.23
2.61
6.17%
17.94%
66.37%
16.33%
23.80%
432.54%
417.39%
10.09%
10.54%
69.07%
19.16%
57.77%
374.69%
144.69%
10.93%
17.22%
62.98%
27.77%
61.76%
235.96%
122.04%
10.93%
17.22%
62.98%
27.77%
61.76%
235.96%
122.04%
10.93%
17.22%
62.98%
27.77%
61.76%
235.96%
122.04%
16.16%
6.01%
58.94%
21.54%
37.19%
12.27%
3.82%
44.80%
-8.04%
31.10%
16.10%
3.90%
57.06%
36.07%
24.20%
16.10%
3.90%
57.06%
36.07%
24.20%
16.10%
3.90%
57.06%
36.07%
24.20%
19.36%
0.14
25.29
0.84
19.66%
0.13
29.45
0.97
18.49%
0.27
31.83
1.50
18.49%
0.27
31.83
1.50
18.49%
0.27
31.83
1.50
0.45
0.05
6.12
6.12
6.12
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
57
Financial Statement Analysis of Financial Sector
Foreign Banks - Overall
Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted 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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
33,312,182
32,893,152
156,327
262,703
562,570
203,836,313
3,571,754
76,248,147
107,508,592
16,507,820
237,711,065
27,281,096
1,811,308
12,740,528
126,977,403
62,537,377
4,756,133
4,849,382
57,687,995
1,073,330
10,139,405
26,899,289
18,117,430
164,791
8,617,068
184,000
233,751,840
2,982,070
108,506,332
105,892,088
16,371,350
260,835,129
19,995,516
2,030,938
19,296,920
173,356,139
40,716,541
3,167,184
3,178,373
37,538,168
1,506,651
7,110,797
27,545,399
17,989,455
168,704
9,387,240
25,599
365,211,279
6,444,711
188,782,820
147,092,366
22,891,382
392,782,277
22,378,445
5,424,146
40,652,680
276,804,547
35,555,281
2,963,262
2,970,555
32,584,726
1,560,563
13,377,170
42,717,688
29,935,296
163,039
12,619,353
(248,871)
524,623,905
7,394,470
320,014,727
169,160,637
28,054,071
567,092,722
36,654,151
3,362,099
169,574,507
293,127,110
43,541,169
2,895,154
2,986,081
40,555,088
1,617,875
22,201,892
55,849,888
43,532,211
161,543
12,156,134
(611,577)
604,106,340
6,825,088
373,037,276
192,689,060
31,554,916
659,344,651
54,443,354
5,062,933
242,277,899
249,859,445
74,002,195
2,840,145
3,077,997
70,924,198
1,533,601
35,243,221
17,616,770
7,506,303
10,110,467
(30,214)
10,140,681
2,828,630
6,546,952
6,459,573
6,532,767
4,126,118
14,995,259
7,862,467
7,132,792
(509,045)
7,641,837
7,220,209
4,663,343
4,599,949
10,198,703
6,445,417
17,513,836
11,751,053
5,762,783
(98,081)
5,860,864
6,883,540
4,413,283
4,316,542
8,331,121
5,058,822
28,034,169
17,818,510
10,215,659
16,103
10,199,556
5,174,630
5,131,359
4,934,666
10,242,827
6,188,117
37,573,078
23,402,921
14,170,157
86,901
14,083,256
7,422,324
6,848,464
6,558,310
14,642,026
9,012,566
15,446,451
627,126,378
82,690,306
845,320,790
(61,678,985)
1,390,191,010
10,744,512
1,573,713,722
12,754,170
1,578,041,798
57.39%
4.25%
12.39%
1.74%
1.19%
4.27%
42.61%
0.99
32.02%
2.28
47.57%
2.73%
23.96%
2.47%
2.77%
2.93%
52.43%
0.45
20.99%
0.64
32.90%
1.47%
18.37%
1.29%
1.75%
1.49%
67.10%
0.52
18.09%
0.63
36.44%
1.80%
14.49%
1.09%
0.91%
1.80%
63.56%
0.48
15.45%
0.95
37.71%
2.15%
16.14%
1.37%
1.13%
2.14%
62.29%
0.45
15.22%
0.88
12.24%
53.42%
24.27%
45.23%
85.75%
58.17%
34.03%
8.44%
66.46%
14.39%
40.60%
89.62%
38.45%
18.99%
7.08%
70.47%
8.30%
37.45%
92.98%
24.17%
10.59%
7.06%
51.69%
7.15%
29.83%
92.51%
25.74%
8.90%
9.03%
37.90%
10.76%
29.22%
91.62%
38.40%
13.08%
7.61%
7.75%
14.28%
-0.62%
101.96%
7.78%
7.81%
11.77%
-16.02%
100.35%
8.33%
8.35%
10.76%
-3.30%
100.25%
6.65%
6.86%
6.78%
0.54%
103.14%
3.84%
4.16%
5.09%
2.82%
108.37%
14.01%
18.83
3.23
10.31%
31.43
3.94
7.01%
50.47
5.34
7.53%
36.84
3.96
8.47%
28.26
3.45
3.74
12.83
1.74
1.42
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 contingencies
F.Efficiency ratios/Profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan 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)
-12.19
58
Financial Statement Analysis of Financial Sector
Bank of China Limited
Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted 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
2018
(Thousand Rupees)
2017
2018
5,520,860
5,520,860
0
0
(211,200)
721,492
0
0
0
721,492
6,031,152
5,521,360
285,720
0
0
0
0
0
0
195,879
28,193
6,943,095
6,943,095
0
0
(478,310)
8,299,459
0
0
7,227,913
1,071,546
14,764,244
7,238,142
10,726
276,244
6,569,934
133,900
0
0
133,900
232,280
303,018
0
0
0
0
0
(17,522)
193,678
193,678
(211,200)
(211,200)
369,276
345,662
23,614
0
23,614
12,969
561,245
561,245
(524,662)
(267,110)
482,099
739,274
6,686,824
13,864,479
-
6.39%
0.16%
-3.85%
-1.81%
0.09%
0.16%
93.61%
-1.07
146.83%
43.28
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 contingencies
F.Efficiency ratios/Profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
0.00%
-3.83%
-3.50%
-0.29%
0.00%
-0.92
-1,105.34%
-11.05
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
96.28%
0.00%
0.00%
0.00%
11.96%
-
49.10%
44.50%
0.91%
48.96%
56.21%
1.85%
1.85%
H.Assets quality ratios
1.Non-performing loan 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)
0.00%
0.00%
0.00%
0.00%
-
-
91.54%
0.13
0.00
47.03%
2.00
1.04
-2.28
-25.03
-
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)
59
Financial Statement Analysis of Financial Sector
CITI BANK N. A.
Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted 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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
10,025,646
6,812,671
156,327
3,056,648
508,383
70,719,943
1,564,744
14,012,805
48,143,989
6,998,405
81,253,972
4,267,790
170,697
2,826,481
39,326,537
31,621,083
3,425,347
3,425,493
28,195,590
355,154
6,111,723
10,580,250
6,812,671
164,791
3,602,788
186,318
77,876,917
1,766,257
7,003,479
61,742,683
7,364,498
88,643,485
4,809,308
704,912
8,464,057
48,585,117
24,460,487
3,070,673
3,070,890
21,389,597
458,331
4,232,163
10,155,720
6,812,671
168,704
3,174,345
64,458
101,830,206
2,524,303
18,394,904
75,076,382
5,834,617
112,050,384
5,480,867
1,542,895
13,325,003
66,676,243
24,288,475
2,866,751
2,866,965
21,421,510
579,296
3,024,570
9,208,339
6,812,671
163,039
2,232,629
(5,261)
111,016,694
1,836,429
15,460,370
78,817,906
14,901,989
120,219,772
5,907,205
1,091,101
23,930,516
57,091,381
27,282,422
2,798,643
2,798,898
24,483,524
541,286
7,174,759
10,695,060
6,812,671
161,543
3,720,846
(75,530)
130,328,702
4,199,017
14,123,811
95,036,059
16,969,815
140,948,232
9,126,210
641,152
12,458,933
66,498,149
42,748,043
2,743,634
2,744,060
40,003,983
485,702
11,734,103
6,921,301
2,866,462
4,054,839
(128,922)
4,183,761
2,241,242
1,822,355
1,750,685
4,602,648
3,090,561
5,961,665
2,347,225
3,614,440
(174,532)
3,788,972
3,862,852
1,992,717
1,930,627
5,659,107
3,609,224
5,696,189
2,894,239
2,801,950
(84,686)
2,886,636
4,380,731
2,075,938
1,979,939
5,191,429
3,201,105
7,226,821
4,286,580
2,940,241
(68,067)
3,008,308
2,920,106
2,173,761
2,113,118
3,754,653
2,233,920
8,077,795
3,899,578
4,178,217
(54,838)
4,233,055
3,916,393
2,197,524
2,101,549
5,951,924
3,709,531
18,395,756
238,019,462
8,449,982
272,955,238
9,032,530
233,667,362
15,044,292
246,245,301
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 contingencies
7,820,886
154,835,873
F.Efficiency ratios/Profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
58.58%
4.99%
30.83%
3.80%
2.76%
5.15%
41.42%
0.38
19.89%
0.78
60.63%
4.08%
34.11%
4.07%
4.36%
4.27%
39.37%
0.34
20.28%
0.50
49.19%
2.50%
31.52%
2.86%
3.91%
2.58%
50.81%
0.38
20.60%
0.45
40.69%
2.45%
24.26%
1.86%
2.43%
2.50%
59.31%
0.56
21.42%
0.72
51.72%
2.96%
34.68%
2.63%
2.78%
3.00%
48.28%
0.35
18.32%
0.54
5.46%
48.40%
34.70%
59.25%
87.04%
65.68%
50.87%
6.22%
54.81%
24.13%
69.65%
87.85%
39.62%
35.58%
6.27%
59.51%
19.12%
67.00%
90.88%
32.35%
25.98%
5.82%
47.49%
20.37%
65.56%
92.34%
34.61%
28.94%
6.93%
47.18%
28.38%
67.43%
92.47%
44.98%
39.16%
10.83%
10.83%
34.17%
-3.76%
100.00%
12.55%
12.55%
29.02%
-5.68%
100.01%
11.80%
11.80%
28.23%
-2.95%
100.01%
10.26%
10.26%
30.39%
-2.43%
100.01%
6.42%
6.42%
25.65%
-2.00%
100.02%
12.34%
15.44
4.80
11.94%
22.50
5.84
9.06%
26.88
7.39
7.66%
25.38
8.56
7.59%
23.02
8.89
2.53
5.10
2.64
4.04
4.06
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan 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)
60
Financial Statement Analysis of Financial Sector
DEUTSCHE BANK AG
Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted 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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
5,146,124
3,914,059
0
1,232,065
16,837
16,544,604
629,787
860,407
12,663,537
2,390,873
21,707,565
5,523,757
492,331
6,312,559
842,929
7,033,875
347,570
430,805
6,603,070
304,984
1,627,935
5,899,894
3,667,658
0
2,232,236
0
15,214,089
942,655
11,113
11,977,105
2,283,216
21,113,983
5,539,927
951,925
6,422,104
0
6,667,252
96,511
107,483
6,559,769
324,115
1,316,143
5,537,870
3,544,827
0
1,993,043
0
18,955,701
2,976,253
27,509
14,092,145
1,859,794
24,493,571
4,993,782
136,459
14,630,311
0
3,318,334
96,511
103,590
3,214,744
291,553
1,226,722
6,952,864
4,238,906
0
2,713,958
0
27,346,693
932,787
15,755
23,212,445
3,185,706
34,299,557
5,995,920
396,881
19,707,230
0
5,813,996
96,511
104,718
5,709,278
271,894
2,218,354
7,596,820
5,091,000
0
2,505,820
0
27,794,406
1,314,231
2,871,553
20,100,376
3,508,246
35,391,226
6,961,709
220,159
19,150,856
0
6,354,270
96,511
104,509
6,249,761
214,924
2,593,817
1,541,981
725,537
816,444
43,504
772,940
1,134,440
997,465
996,823
909,915
588,619
1,370,390
442,887
927,503
(334,513)
1,262,016
1,437,384
1,043,430
1,043,460
1,655,970
1,015,571
1,049,008
345,527
703,481
(13,395)
716,876
1,036,326
1,014,080
1,014,095
739,122
419,526
1,221,952
463,007
758,945
1,705
757,240
1,389,908
1,004,966
980,403
1,142,182
712,223
1,738,883
768,616
970,267
(5,224)
975,491
964,928
1,326,771
1,310,838
613,648
365,621
(4,241,374)
87,899,880
(98,646)
55,565,227
(534,806)
60,496,027
622,010
33,040,643
552,465
42,939,864
52.95%
3.76%
11.44%
2.71%
5.23%
3.56%
47.05%
1.10
37.27%
0.88
67.68%
4.39%
17.21%
4.81%
6.81%
5.98%
32.32%
0.63
37.16%
0.73
67.06%
2.87%
7.58%
1.71%
4.23%
2.93%
32.94%
1.37
48.63%
0.98
62.11%
2.21%
10.24%
2.08%
4.05%
2.21%
37.89%
0.86
38.48%
0.71
55.80%
2.74%
4.81%
1.03%
2.73%
2.76%
44.20%
2.14
49.07%
1.36
27.71%
3.88%
30.42%
58.34%
76.22%
55.54%
52.01%
30.75%
0.00%
31.07%
56.73%
72.06%
55.67%
55.62%
20.95%
0.00%
13.12%
57.53%
77.39%
23.55%
23.50%
18.64%
0.00%
16.65%
67.68%
79.73%
25.05%
25.03%
20.29%
0.00%
17.66%
56.79%
78.53%
31.61%
27.66%
4.94%
6.12%
6.75%
10.10%
123.95%
1.45%
1.61%
1.64%
-311.22%
111.37%
2.91%
3.12%
1.74%
-12.93%
107.33%
1.66%
1.80%
1.39%
1.63%
108.50%
1.52%
1.64%
1.27%
-5.00%
108.29%
23.71%
17.08
2.46
27.94%
9.42
2.03
22.61%
10.92
2.54
20.27%
4.75
3.34
21.47%
5.65
2.65
-7.21
-0.10
-1.27
0.87
1.51
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 contingencies
F.Efficiency ratios/Profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan 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)
61
Financial Statement Analysis of Financial Sector
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD.
Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted 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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
4,472,165
3,627,239
0
844,926
35,401
71,442,821
4,667
56,592,615
9,500,726
5,344,813
75,950,387
4,329,697
295,142
1,129,730
63,074,604
6,087,050
0
0
6,087,050
183,341
850,823
6,401,292
3,780,941
0
2,620,351
(2,318)
133,855,321
266,947
100,081,926
26,948,982
6,557,466
140,254,295
5,413,124
246,427
669,547
124,771,022
6,999,406
0
0
6,999,406
662,763
1,492,006
7,823,171
3,775,797
0
4,047,374
(38,542)
238,095,040
831,033
169,531,176
52,779,401
14,953,430
245,879,669
8,377,564
3,685,177
8,687,263
209,336,742
6,096,727
0
0
6,096,727
641,995
9,054,201
16,872,113
9,506,699
0
7,365,414
(32,050)
375,008,800
4,573,858
303,724,827
57,698,198
9,011,917
391,848,863
15,585,904
1,461,579
118,285,067
235,089,040
8,246,547
0
82,465
8,164,082
581,047
12,682,144
26,315,633
20,829,285
0
5,486,348
(57,530)
433,005,461
1,292,129
355,486,464
66,540,142
9,686,726
459,263,564
27,658,474
4,015,685
207,924,067
175,857,020
22,942,850
0
229,428
22,713,422
590,331
20,504,565
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
4,607,826
1,078,251
3,529,575
0
3,529,575
(1,209,327)
915,410
915,410
1,404,838
915,166
7,244,606
4,734,531
2,510,075
0
2,510,075
1,734,741
1,423,955
1,423,955
2,820,861
1,775,329
10,332,731
8,161,423
2,171,308
0
2,171,308
1,302,572
1,101,931
1,101,931
2,371,949
1,427,316
19,020,812
12,669,163
6,351,649
82,465
6,269,184
571,379
1,508,691
1,401,970
5,331,872
3,318,666
26,745,817
18,016,523
8,729,294
146,963
8,582,331
2,255,682
2,425,737
2,257,492
8,412,276
5,066,980
16,214,140
369,386,706
64,192,017
548,112,702
(69,615,225)
1,056,479,672
413,095
1,298,873,448
(9,272,112)
1,269,586,331
76.60%
4.65%
20.46%
1.20%
-1.59%
4.65%
23.40%
0.65
26.94%
-0.76
34.65%
1.79%
27.73%
1.27%
1.24%
1.79%
65.35%
0.50
15.86%
0.82
21.01%
0.88%
18.24%
0.58%
0.53%
0.88%
78.99%
0.46
9.47%
0.85
33.39%
1.62%
19.67%
0.85%
0.15%
1.60%
66.61%
0.26
7.70%
2.45
32.64%
1.90%
19.25%
1.10%
0.49%
1.87%
67.36%
0.27
8.36%
1.00
6.09%
83.05%
8.01%
12.51%
94.07%
64.07%
9.21%
4.04%
88.96%
4.99%
19.21%
95.44%
25.97%
5.51%
4.91%
85.14%
2.48%
21.47%
96.83%
11.55%
2.74%
4.35%
59.99%
2.08%
14.72%
95.70%
14.29%
2.28%
6.90%
38.29%
4.95%
14.49%
94.28%
34.48%
5.44%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-
-
-
0.00%
1.00%
0.00%
100.00%
0.00%
1.00%
0.00%
64.06%
-
-
5.89%
82.60
2.12
4.56%
85.63
4.21
3.18%
135.04
6.75
4.31%
76.98
3.42
5.73%
48.24
2.53
17.72
36.16
-48.77
0.12
-1.83
E.Other items
1.Cash generated from operating activities
2.Commitments and contingencies
F.Efficiency ratios/Profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan 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)
62
Financial Statement Analysis of Financial Sector
MUFG Bank Ltd.
Items
A.Total equity (A1 to A3)
1.Head office capital account
2.Reserves
3.Unremitted 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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
3,831,740
3,716,072
0
115,668
0
4,013,627
4,561
602,899
3,271,199
134,968
7,845,367
4,016,022
9,643
1,408,414
0
2,257,101
0
0
2,257,101
70,537
83,650
4,017,853
3,856,160
0
161,693
0
6,805,513
6,211
1,409,814
5,223,318
166,170
10,823,366
4,233,157
127,674
3,741,212
0
2,589,396
0
0
2,589,396
61,442
70,485
4,028,638
3,856,160
0
172,478
(317)
6,330,332
113,122
829,231
5,144,438
243,541
10,358,653
3,526,232
59,615
4,010,103
791,562
1,851,745
0
0
1,851,745
47,719
71,677
4,163,512
3,856,160
0
307,352
(360)
10,530,226
51,396
813,775
9,432,088
232,967
14,693,378
3,643,762
126,818
7,651,694
946,689
2,198,204
0
0
2,198,204
27,769
98,442
4,299,280
3,856,160
0
443,120
(207)
4,678,312
19,711
555,448
3,784,570
318,583
8,977,385
3,458,819
175,211
2,467,799
934,342
1,823,132
0
0
1,823,132
10,364
107,718
479,522
387,087
92,435
0
92,435
171,961
195,395
193,715
69,001
27,177
418,598
337,824
80,774
0
80,774
185,232
203,241
201,907
62,765
45,293
435,908
349,864
86,044
0
86,044
163,911
221,334
220,577
28,621
10,875
564,584
399,760
164,824
0
164,824
310,759
250,263
245,497
225,320
134,508
641,307
372,542
268,765
0
268,765
272,352
337,187
327,186
188,840
137,544
(313,418)
3,249,880
201,179
3,623,399
21,064
260,073
194,778
7,392,995
(257,299)
5,405,823
19.28%
1.18%
0.71%
0.35%
2.19%
1.18%
80.72%
2.81
29.99%
1.13
19.30%
0.75%
1.13%
0.42%
1.71%
0.75%
80.70%
3.22
33.66%
1.09
19.74%
0.83%
0.27%
0.10%
1.58%
0.83%
80.26%
7.71
36.90%
1.35
29.19%
1.12%
3.23%
0.92%
2.11%
1.12%
70.81%
1.09
28.59%
0.79
41.91%
2.99%
3.20%
1.53%
3.03%
2.99%
58.09%
1.73
36.91%
1.20
51.31%
0.00%
28.77%
41.70%
51.16%
69.00%
58.26%
40.29%
0.00%
23.92%
48.26%
62.88%
49.57%
39.04%
34.62%
7.64%
17.88%
49.66%
61.11%
36.00%
31.00%
25.66%
6.44%
14.96%
64.19%
71.67%
23.31%
21.45%
40.48%
10.41%
20.31%
42.16%
52.11%
48.17%
42.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-
-
-
-
-
48.84%
0.85
0.85
37.12%
0.90
1.30
38.89%
0.06
1.28
28.34%
1.78
2.27
47.89%
1.26
0.88
4.44
1.94
1.45
-1.87
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 contingencies
F.Efficiency ratios/Profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin expense to profit before tax.(D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. exp. to non-markup/interest income (D8/D6) (times)
G.Liquidity ratios
1.Cash & cash equivalent to total assets (C1+C2)/C
2.Investment to total assets (C4/C)
3.Advances net of provision to total assets (C8/C)
4.Deposits to total assets ( B3/C)
5.Total liabilities to total assets (B/C)
6.Gross advances to deposit (C5/B3)
7.Gross advances to borrowing & deposit C5/(B2+B3)
H.Assets quality ratios
1.Non-performing loan 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)
-11.53
63
Financial Statements Analysis of Financial Sector
2018
Development Finance Institutes (DFIs)
Performance at a Glance
DFIs exhibited an expansion in their balance sheet size during the period under review. Total assets
increased by 3.71 percent to reach Rs 214.79 billion in CY18 from Rs 207.10 billion in CY17. Total
liabilities increased by 4.73 percent or Rs 5.81 billion in CY18 over CY17 whereas, total shareholders’
equity (including others) posted a rise of 2.22 percent in CY18 when compared with CY17. During the
year profit before tax decreased by 2.57 percent with an amount of Rs 0.61 billion and profit after tax
declined by 3.02 percent or Rs 0.13 billion over the previous year.
CY 18
Growth(RHS)
214.79
207.10
billion Rs
200
150
100
123.03
85.99
128.85
87.11
50
0
0.05
0.05
0.04
0.04
0.03
0.03
0.02
0.02
0.01
0.01
0.00
percent
CY 17
250
S.H. Equity Total Liabilities Total Assets
(Including
Others)
Major Components of Liabilities
CY 17
120
CY 18
Growth(RHS)
111.44
100.54
100
80
60
40
17.12 11.64
20
5.38 5.76
0
Borrowings
Deposits
0.15
0.10
0.05
0.00
-0.05
-0.10
-0.15
-0.20
-0.25
-0.30
-0.35
percent
Analysis of Liabilities
Total liabilities of DFIs increased by Rs 5.81
billion in CY18 from Rs 123.03 billion in CY17 to
Rs 128.85 billion in CY18 witnessing a YoY
growth of 4.73 percent over the previous year.
Borrowings from financial institutions comprise
86.49 percent share of total liabilities, increased by
10.85 percent to touch Rs
111.44 billion in CY18. Similarly, deposits of DFIs
(which comprise term deposits and time deposits)
were at Rs 17.12 billion in CY17 and decrease to
Rs 11.64 billion in CY18 registering a YoY decline
of 31.97 percent during the CY18 when compared
with CY17.
Components of Balance Sheet
billion Rs
Analysis of Shareholders’ Equity
Total Shareholders’ equity (including others)
increased from Rs 84.07 billion in CY17 to Rs
85.94 billion in CY18 witnessing a YoY increase of
Rs 1.87 billion or 2.22 percent. Share capital
remain unchanged during the year whereas,
reserves comprising 16.89 percent share of total
equity in CY18 increased by 8.31 percent with
amount of Rs 1.11 billion in CY18 as compared to
CY17. Unappropriated profit constitutes 28.22
percent share of total equity in CY18, touched Rs
24.25 billion in CY18 indicating an increase of Rs
1.51 billion or 6.63 percent over CY17.
Others
Analysis of Assets
In CY18, total assets stood at Rs 214.79 billion increased by Rs 7.68 billion or 3.71 percent when
compared with the previous year. The amount of investments comprise 54.75 percent share of total assets
of DFIs during CY18, increased from Rs 114.90 billion in CY17 to Rs 117.59 billion in CY18 showing a
YoY growth of 2.34 percent in CY18 over CY17. Lending to financial institutions that were at Rs 11.91
billion in CY17 decreased to Rs 11.38 billion with a YoY decline of 4.43 percent in CY18 over CY17.
Gross advances of DFIs increased by 5.63 percent in CY18, from Rs 72.64 billion in CY17 to Rs 76.73
billion in CY18. Share of Gross Advances’ in total assets slightly increased to 35.72 percent in CY18
64
Financial Statements Analysis of Financial Sector
Major Components of Assets
Major Components of Advances
CY 17
0.00
40
-0.02
20
-0.04
0
-0.06
Investment
0.07
0.06
0.05
0.04
0.03
0.02
0.01
0.00
-0.01
-0.02
-0.03
6.49%
5.63%
percent
60
Growth(RHS)
2.98%
-2.08%
Adv. Net
0.02
CY 18
90
80
70
60
50
40
30
20
10
0
Adv. Gross
80
billion Rs
0.04
Advances
100
Lending
0.06
percent
0.08
Provision
Growth(RHS)
NPL
CY 18
120
Cash &
Cash
Equivalent
billion Rs
CY 17
140
2018
which were 35.08 percent in CY17. The analysis of components of advances reveals that Non-performing
Loans (NPLs) increased during CY18, but provisions against NPLs decreased. NPLs increased by an
amount of Rs 0.27 billion from Rs 8.96 billion in CY17 to Rs 9.23 billion in CY18. Advances net of
provisions witnessing an increase of 6.49 percent over CY17 stood at Rs 69.57 billion in CY18 from Rs
65.33 billion in CY17. NPLs to gross advances ratio decreased from 12.34 percent in CY17 to 12.03
percent in CY18
Profitability of DFIs
In terms of profitability, CY18 witnessed a decrease in profits before tax and profit after tax. Profit before
tax decreased from Rs 6.29 billion in CY17 to Rs 6.13 billion in CY18 witnessing a decline of 2.57
percent over the previous year. Similarly, profit after tax which were 4.33 billion in CY17 fall to Rs 4.20
billion registered a YoY decline of 3.02 percent.
Profitability Ratios
CY 18
CY 17
Profit and Loss Accounts
CY 18
14.0
CY 17
1.96%
6.13
ROA
2.09%
billion Rs
12.0
10.0
4.20
6.0
4.96%
ROE
8.0
5.27%
6.29
4.33
41.51%
42.13%
Spread
Ratio
4.0
2.0
0.0
0.0
Profit Before Taxation
Profit After Taxation
0.1
0.2
0.3
percent
0.4
0.5
Return on assets (ROA) decreased from 2.09 percent in CY17 to 1.96 percent in CY18, similarly, return
on equity (ROE) decreased from 5.27 percent in CY17 to 4.96 percent in CY18. Breakup value per share
of DFIs however, increased from Rs 20.53 per share in CY17 to Rs 21.19 per share in CY18, whereas
earning per share of DFIs decreased from Rs 1.08 per share in CY17 to Rs 1.05 per share in CY18.
65
Financial Statement Analysis of Financial Sector
DFIs - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
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.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
68,518,176
45,408,180
9,087,130
14,022,866
3,732,239
82,109,402
0
63,207,412
15,001,673
3,900,317
154,359,817
479,219
3,363,892
1,542,177
101,119,743
46,794,241
10,459,009
8,587,681
38,206,560
3,047,244
6,600,982
72,981,311
46,008,180
10,393,506
16,579,625
3,932,799
91,766,432
0
75,277,200
12,042,790
4,446,442
168,680,542
553,237
5,133,257
862,824
107,504,887
53,274,895
10,983,921
8,800,260
44,474,635
3,484,637
6,667,065
79,377,242
46,008,180
12,351,924
21,017,138
4,923,231
103,181,790
0
87,161,808
10,934,356
5,085,626
187,482,263
2,672,737
7,332,725
8,004,689
102,805,166
63,641,825
9,201,132
7,830,579
55,811,246
3,379,689
7,476,011
82,151,166
46,008,180
13,402,875
22,740,111
1,920,068
123,032,839
0
100,537,356
17,115,314
5,380,169
207,104,073
503,909
4,570,597
11,905,923
114,903,105
72,641,814
8,960,924
7,315,024
65,326,790
3,269,436
6,624,313
84,772,694
46,008,180
14,516,050
24,248,464
1,168,233
128,846,191
0
111,444,365
11,643,692
5,758,134
214,787,118
558,211
4,326,744
11,378,907
117,592,810
76,731,522
9,228,240
7,163,149
69,568,373
3,890,609
7,471,464
11,259,232
6,413,521
4,845,711
207,702
4,638,009
5,045,133
2,532,510
2,545,547
7,742,348
6,262,914
11,475,539
5,927,632
5,547,907
974,094
4,573,813
5,811,601
2,719,087
2,637,898
8,083,446
5,616,381
9,654,115
4,957,387
4,696,728
(1,275,596)
5,972,324
7,183,608
2,955,419
2,830,815
10,200,512
7,605,469
11,073,343
6,408,005
4,665,338
244,984
4,420,354
4,834,346
2,973,287
2,817,358
6,291,154
4,332,842
11,565,528
6,764,810
4,800,718
595,784
4,204,934
4,984,585
3,060,357
2,905,180
6,129,161
4,201,927
3,941,058
4,001,058
4,001,058
4,001,058
4,001,058
N/A
N/A
20,844,127
33,921,165
N/A
N/A
5,249,013
16,681,086
N/A
N/A
1,122,193
26,757,040
N/A
N/A
(11,326,457)
20,815,248
N/A
N/A
5,631,281
26,679,063
43.04%
3.14%
9.14%
4.06%
3.27%
3.00%
56.96%
0.33
0.16
0.50
1.59
48.35%
3.29%
7.70%
3.33%
3.45%
2.71%
51.65%
0.33
0.16
0.45
1.40
48.65%
2.51%
9.58%
4.06%
3.83%
3.19%
51.35%
0.28
0.18
0.39
1.90
42.13%
2.25%
5.27%
2.09%
2.33%
2.13%
57.87%
0.45
0.19
0.58
1.08
41.51%
2.24%
4.96%
1.96%
2.32%
1.96%
58.49%
0.47
0.18
0.58
1.05
2.49%
65.51%
24.75%
9.72%
53.19%
311.93%
59.83%
3.37%
63.73%
26.37%
7.14%
54.40%
442.38%
61.01%
5.34%
54.83%
29.77%
5.83%
55.04%
582.04%
64.88%
2.45%
55.48%
31.54%
8.26%
59.41%
424.43%
61.74%
2.27%
54.75%
32.39%
5.42%
59.99%
659.00%
62.34%
22.35%
18.35%
15.26%
2.42%
82.11%
20.62%
16.52%
15.05%
11.07%
80.12%
14.46%
12.30%
11.59%
-16.29%
85.10%
12.34%
10.07%
10.91%
3.35%
81.63%
12.03%
9.34%
10.89%
8.32%
77.62%
44.39%
0.50
17.39
0.22
43.27%
0.23
18.24
0.17
42.34%
0.34
19.84
0.14
39.67%
0.25
20.53
0.21
39.47%
0.31
21.19
0.14
3.33
0.93
0.15
-2.61
1.34
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 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)
11.Earning per share (D10/E1)
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 loan 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 provisions (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 (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
66
Financial Statement Analysis of Financial Sector
PAIR INVESTMENT CO. LTD. (FORMERLY PAK-IRAN JOINT
Items
A.Total equity (A1 to A3)
1.Share capital
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.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
8,617,541
6,000,000
553,966
2,063,575
176,037
9,950,638
0
9,221,225
386,060
343,353
18,744,216
33,303
261,059
0
14,114,870
4,463,459
1,330,507
871,281
3,592,178
210,352
532,454
9,063,615
6,000,000
673,449
2,390,166
129,863
14,027,799
0
11,652,435
1,890,502
484,862
23,221,277
46,114
215,426
0
18,807,372
4,410,476
1,300,078
907,528
3,502,948
191,311
458,106
9,366,881
6,000,000
794,107
2,572,774
83,078
9,148,512
0
6,549,981
2,079,728
518,803
18,598,471
64,205
432,783
0
11,842,973
6,282,232
1,168,338
857,881
5,424,351
176,982
657,177
9,292,618
6,000,000
840,066
2,452,552
(37,286)
8,430,333
0
6,370,738
1,814,001
245,594
17,685,665
37,870
91,727
970,000
11,044,299
5,507,178
958,250
854,246
4,652,932
198,003
690,834
9,181,391
6,000,000
840,066
2,341,325
(71,701)
9,415,747
0
7,915,859
1,221,724
278,164
18,525,437
73,144
60,653
105,000
11,259,928
7,195,696
1,712,086
971,770
6,223,926
193,242
609,544
1,233,407
508,046
725,361
350,559
374,802
372,345
283,150
285,046
463,997
351,869
1,509,674
627,125
882,549
16,949
865,600
359,760
302,029
302,183
923,331
597,414
1,243,694
533,274
710,420
(415,856)
1,126,276
53,242
318,427
318,148
861,091
603,291
1,045,117
387,358
657,759
66,591
591,168
128,510
351,464
296,323
368,214
229,795
907,417
472,607
434,810
257,163
177,647
101,236
267,425
267,421
11,458
(10,231)
600,000
0.00%
0.00%
1,601,343
8,618,704
600,000
0.00%
0.00%
4,181,808
517,936
600,000
0.00%
0.00%
(725,103)
222,392
600,000
0.00%
0.00%
(213,566)
148,810
600,000
0.00%
0.00%
519,893
80,000
58.81%
3.87%
4.08%
1.88%
1.99%
2.00%
41.19%
0.61
0.18
0.77
0.59
58.46%
3.80%
6.59%
2.57%
1.55%
3.73%
41.54%
0.33
0.16
0.84
1.00
57.12%
3.82%
6.44%
3.24%
0.29%
6.06%
42.88%
0.37
0.25
5.98
1.01
62.94%
3.72%
2.47%
1.30%
0.73%
3.34%
37.06%
0.80
0.30
2.31
0.38
47.92%
2.35%
-0.11%
-0.06%
0.55%
0.96%
52.08%
23.34
0.27
2.64
-0.02
1.57%
75.30%
19.16%
2.06%
53.09%
1,156.16%
46.46%
1.13%
80.99%
15.09%
8.14%
60.41%
233.30%
32.57%
2.67%
63.68%
29.17%
11.18%
49.19%
302.07%
72.80%
0.73%
62.45%
26.31%
10.26%
47.67%
303.59%
67.29%
0.72%
60.78%
33.60%
6.59%
50.83%
588.98%
78.75%
29.81%
19.52%
15.44%
40.23%
65.48%
29.48%
20.58%
14.34%
1.87%
69.81%
18.60%
13.66%
12.47%
-48.47%
73.43%
17.40%
15.51%
10.31%
7.80%
89.15%
23.79%
13.50%
18.65%
26.46%
56.76%
45.97%
1.00
14.36
0.04
39.03%
0.06
15.11
0.21
50.36%
0.02
15.61
0.22
52.54%
0.02
15.49
0.20
49.56%
0.01
15.30
0.13
4.55
7.00
-1.20
-0.93
-50.82
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 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)
11.Earning per share (D10/E1)
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 loan 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 provisions (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 (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
67
Financial Statement Analysis of Financial Sector
PAK BRUNEI INVESTMENT COMPANY LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
9,052,895
6,000,000
878,000
2,174,895
150,679
23,795,533
0
18,089,905
5,164,230
541,398
32,999,107
123,153
173,645
0
24,192,538
7,396,146
2,537
2,864
7,393,282
37,204
1,079,285
9,781,586
6,000,000
1,065,388
2,716,198
(40,121)
19,470,183
0
14,543,592
4,218,289
708,302
29,211,648
102,304
487,887
0
16,765,721
10,400,053
311,707
156,373
10,243,680
49,584
1,562,472
10,490,617
6,000,000
1,257,721
3,232,896
(62,060)
23,962,040
0
20,492,898
2,913,487
555,655
34,390,597
322,004
1,936,970
498,065
16,657,665
14,232,032
451,407
236,090
13,995,942
25,160
954,791
10,657,968
6,000,000
1,351,812
3,306,156
(201,744)
19,413,049
0
13,976,083
4,751,164
685,802
29,869,273
137,609
74,549
2,420,909
7,678,634
19,056,899
953,997
289,074
18,767,825
19,732
770,015
10,633,697
6,000,000
1,406,995
3,226,702
(673,212)
38,832,642
0
36,890,373
725,403
1,216,866
48,793,127
161,339
46,355
0
26,116,936
20,639,421
592,529
309,684
20,329,737
16,450
2,122,310
2,507,431
2,035,772
471,659
(3,665)
475,324
472,643
340,781
340,661
1,198,902
988,850
1,837,519
1,278,615
558,904
179,179
379,725
778,424
309,956
309,956
1,265,313
929,829
1,590,722
1,083,660
507,062
97,111
409,951
1,236,657
314,084
293,714
1,332,524
961,658
1,461,566
908,144
553,422
178,164
375,258
588,456
292,798
278,554
670,916
470,456
2,506,962
1,787,629
719,333
96,393
622,940
221,870
341,311
330,373
503,499
275,914
600,000
0.00%
0.00%
(3,973,693)
18,156,495
600,000
198,000.00%
0.00%
(7,172,070)
9,921,611
600,000
300,000.00%
0.00%
1,551,225
16,071,984
600,000
0.00%
0.00%
(10,018,115)
7,602,654
600,000
0.00%
0.00%
18,540,404
2,230,267
18.81%
1.43%
10.92%
3.00%
1.43%
1.44%
81.19%
0.28
0.11
0.72
1.65
30.42%
1.91%
9.51%
3.18%
2.66%
1.30%
69.58%
0.24
0.12
0.40
1.55
31.88%
1.47%
9.17%
2.80%
3.60%
1.19%
68.12%
0.22
0.11
0.24
1.60
37.87%
1.85%
4.41%
1.58%
1.97%
1.26%
62.13%
0.42
0.14
0.47
0.78
28.69%
1.47%
2.59%
0.57%
0.45%
1.28%
71.31%
0.66
0.13
1.49
0.46
0.90%
73.31%
22.40%
15.65%
72.11%
143.22%
31.81%
2.02%
57.39%
35.07%
14.44%
66.65%
246.55%
55.43%
6.57%
48.44%
40.70%
8.47%
69.68%
488.49%
60.80%
0.71%
25.71%
62.83%
15.91%
64.99%
401.10%
101.76%
0.43%
53.53%
41.67%
1.49%
79.59%
2,845.24%
54.87%
0.03%
0.04%
0.03%
-127.97%
112.89%
3.00%
1.50%
3.19%
114.58%
50.17%
3.17%
1.66%
4.30%
41.13%
52.30%
5.01%
1.52%
8.95%
61.63%
30.30%
2.87%
1.50%
5.57%
31.13%
52.26%
27.43%
2.01
15.09
0.57
33.49%
1.01
16.30
0.43
30.50%
1.53
17.48
0.28
35.68%
0.71
17.76
0.45
21.79%
0.21
17.72
0.07
-4.02
-7.71
1.61
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 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)
11.Earning per share (D10/E1)
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 loan 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 provisions (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 (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
-21.29
67.20
68
Financial Statement Analysis of Financial Sector
PAK CHINA INVESTMENT CO. LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
12,761,949
9,116,400
729,568
2,915,981
185,913
7,059,711
0
6,741,689
250,000
68,022
20,007,573
51,867
1,882,251
0
11,288,944
6,554,094
762,499
597,190
5,956,904
199,423
628,184
13,385,443
9,116,400
854,267
3,414,776
175,763
6,988,210
0
6,903,226
0
84,984
20,549,416
116,865
2,033,472
0
12,091,247
6,353,733
652,789
645,999
5,707,734
183,466
416,632
14,000,932
9,116,400
977,365
3,907,167
125,152
8,392,156
0
8,196,455
0
195,701
22,518,240
2,080,940
3,086,523
2,647,918
7,734,253
6,545,526
383,164
505,706
6,039,820
177,302
751,484
14,668,324
9,116,400
1,110,843
4,441,081
246
9,752,396
0
9,576,860
0
175,536
24,420,966
26,530
2,168,945
0
13,848,109
8,373,636
313,164
473,644
7,899,992
174,362
303,028
15,278,259
9,116,400
1,232,830
4,929,029
83,041
4,400,934
0
4,180,683
0
220,251
19,762,234
62,586
1,553,209
0
9,976,199
8,163,493
397,439
543,305
7,620,188
187,585
362,467
1,331,381
219,807
1,111,574
150,353
961,221
19,396
361,813
325,678
618,804
469,409
1,550,371
406,220
1,144,151
121,791
1,022,360
237,637
309,121
302,939
950,875
620,823
990,161
293,493
696,668
(68,488)
765,156
435,512
342,196
321,626
858,471
615,129
1,622,936
669,157
953,779
(70,749)
1,024,528
323,421
378,147
378,147
969,803
670,595
1,244,514
162,160
1,082,354
225,577
856,777
441,476
386,494
386,374
911,758
618,820
911,640
0.00%
0.00%
6,990,725
311,417
911,640
0.00%
0.00%
974,486
48,825
911,640
0.00%
0.00%
(1,195,012)
650,401
911,640
0.00%
0.00%
3,099,984
767,959
911,640
0.00%
0.00%
(4,735,499)
831,328
83.49%
5.56%
3.68%
2.35%
0.10%
4.80%
16.51%
0.53
0.27
16.79
0.51
73.80%
5.57%
4.64%
3.02%
1.16%
4.98%
26.20%
0.32
0.17
1.27
0.68
70.36%
3.09%
4.39%
2.73%
1.93%
3.40%
29.64%
0.37
0.24
0.74
0.67
58.77%
3.91%
4.57%
2.75%
1.32%
4.20%
41.23%
0.39
0.19
1.17
0.74
86.97%
5.48%
4.05%
3.13%
2.23%
4.34%
13.03%
0.42
0.23
0.88
0.68
9.67%
56.42%
29.77%
1.25%
35.29%
2,621.64%
93.74%
10.46%
58.84%
27.78%
0.00%
34.01%
22.95%
34.35%
26.82%
0.00%
37.27%
8.99%
56.71%
32.35%
0.00%
39.93%
8.18%
50.48%
38.56%
0.00%
22.27%
-
-
-
-
92.04%
79.86%
87.44%
195.27%
11.63%
9.11%
5.97%
25.18%
78.32%
10.27%
10.17%
4.88%
18.85%
98.96%
5.85%
7.73%
2.74%
-13.54%
131.98%
3.74%
5.66%
2.13%
-14.94%
151.24%
4.87%
6.66%
2.60%
41.52%
136.70%
63.79%
0.02
14.00
0.02
65.14%
0.00
14.68
0.00
62.18%
0.05
15.36
0.00
60.06%
0.05
16.09
0.00
77.31%
0.05
16.76
0.00
14.89
1.57
-1.94
4.62
-7.65
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 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)
11.Earning per share (D10/E1)
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 loan 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 provisions (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 (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
69
Financial Statement Analysis of Financial Sector
PAK KUWAIT INVESTMENT CO. (PVT) LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
18,512,041
6,000,000
5,200,005
7,312,036
1,103,639
5,018,493
0
3,557,518
397,790
1,063,185
24,634,173
53,667
20,335
28,000
20,901,562
4,362,535
1,695,364
1,564,607
2,797,928
188,609
644,072
19,726,808
6,000,000
5,748,570
7,978,238
889,086
7,751,093
0
6,246,955
179,750
1,324,388
28,366,987
63,957
20,718
0
22,142,622
6,618,230
1,621,319
1,504,586
5,113,644
169,034
857,012
22,822,320
6,000,000
6,876,320
9,946,000
1,865,000
4,254,092
0
2,661,764
3,650
1,588,678
28,941,412
61,995
16,691
2,632,880
21,206,169
5,860,141
1,546,078
1,437,645
4,422,496
201,875
399,306
24,128,148
6,000,000
7,431,389
10,696,759
679,262
4,321,754
0
2,562,007
2,500
1,757,247
29,129,164
61,148
18,730
2,476,726
22,922,841
4,319,273
1,197,298
1,152,703
3,166,570
196,533
286,616
26,382,006
6,000,000
8,193,002
12,189,004
167,303
3,427,917
0
1,371,474
35,000
2,021,443
29,977,226
60,901
9,690
1,071,204
25,815,300
3,770,041
1,113,743
1,071,860
2,698,181
217,382
104,568
1,408,799
619,925
788,874
(163,013)
951,887
2,802,327
558,850
558,394
3,195,364
2,677,680
1,229,530
365,227
864,303
434,720
429,583
2,619,921
545,252
545,222
2,504,252
1,828,550
1,027,732
244,012
783,720
(592)
784,312
3,786,996
442,842
484,948
4,128,466
3,452,494
740,818
104,125
636,693
(63,965)
700,658
2,402,923
519,669
509,869
2,593,652
1,850,229
928,003
66,290
861,713
298,767
562,946
3,534,453
582,116
511,810
3,515,283
2,768,420
240
0.00%
0.00%
5,780,181
859,482
240
0.00%
0.00%
356,224
2,452,764
240
0.00%
0.00%
(4,898,617)
1,235,359
240
0.00%
0.00%
1,511,866
850,000
240
0.00%
0.00%
1,234,477
150,000
56.00%
3.20%
14.46%
10.87%
11.38%
3.86%
44.00%
0.17
0.13
0.20
11,157.00
70.30%
3.05%
9.27%
6.45%
9.24%
1.51%
29.70%
0.22
0.14
0.21
7,618.96
76.26%
2.71%
15.13%
11.93%
13.09%
2.71%
23.74%
0.12
0.09
0.13
14,385.39
85.94%
2.19%
7.67%
6.35%
8.25%
2.41%
14.06%
0.20
0.17
0.21
7,709.29
92.86%
2.87%
10.49%
9.24%
11.79%
1.88%
7.14%
0.15
0.13
0.14
11,535.08
0.30%
84.85%
11.36%
1.61%
20.37%
1,096.69%
110.30%
0.30%
78.06%
18.03%
0.63%
27.32%
3,681.91%
102.98%
0.27%
73.27%
15.28%
0.01%
14.70%
160,551.81%
219.86%
0.27%
78.69%
10.87%
0.01%
14.84%
172,770.92%
168.43%
0.24%
86.12%
9.00%
0.12%
11.44%
10,771.55%
268.05%
38.86%
35.86%
9.16%
-10.42%
92.29%
24.50%
22.73%
8.22%
28.89%
92.80%
26.38%
24.53%
6.77%
-0.04%
92.99%
27.72%
26.69%
4.96%
-5.55%
96.28%
29.54%
28.43%
4.22%
27.87%
96.24%
75.15%
0.05
77,133.50
0.02
69.54%
0.12
82,195.03
0.01
78.86%
0.05
95,093.00
0.00
82.83%
0.04
100,533.95
0.00
88.01%
0.01
109,925.03
0.00
2.16
0.19
-1.42
0.82
0.45
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 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)
11.Earning per share (D10/E1)
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 loan 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 provisions (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 (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
70
Financial Statement Analysis of Financial Sector
PAK LIBYA HOLDING COMPANY LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
3,568,845
6,141,780
82,855
(2,655,790)
17,842
8,849,498
0
6,097,465
2,470,607
281,426
12,436,185
68,845
64,144
0
7,703,305
6,269,304
3,244,836
2,561,390
3,707,914
87,907
804,070
3,873,949
6,141,780
143,860
(2,411,691)
20,794
11,379,536
0
9,441,099
1,737,389
201,048
15,274,279
65,712
30,481
320,000
10,922,328
5,810,534
3,229,136
2,572,123
3,238,411
69,960
627,387
4,669,164
6,141,780
302,094
(1,774,710)
92,251
14,134,026
0
13,391,904
463,117
279,005
18,895,441
20,420
72,705
950,000
13,183,821
4,355,087
1,637,100
1,517,564
2,837,523
87,697
1,743,275
4,712,650
6,141,780
311,650
(1,740,780)
(157,735)
14,608,015
0
14,367,132
39,000
201,883
19,162,930
28,328
83,494
4,000,000
9,700,440
5,137,036
1,980,900
1,543,952
3,593,084
80,458
1,677,126
4,383,660
6,141,780
311,650
(2,069,770)
(215,171)
16,259,548
0
15,352,993
643,575
262,980
20,428,037
22,985
54,665
1,950,000
11,832,050
5,873,295
1,591,672
1,522,985
4,350,310
62,361
2,155,666
1,317,502
1,002,284
315,218
(136,645)
451,863
214,029
348,313
378,461
317,579
232,681
1,385,571
1,025,661
359,910
(60,605)
420,515
444,233
392,333
367,407
472,415
305,026
1,179,031
865,788
313,243
(1,161,501)
1,474,744
118,497
561,422
409,099
1,031,819
791,170
1,016,924
752,303
264,621
64,650
199,971
318,349
434,194
404,423
84,126
47,781
1,428,129
1,168,533
259,596
127,220
132,376
78,389
471,407
429,461
(260,642)
(322,959)
614,178
0.00%
0.00%
1,270,311
1,261,162
614,178
0.00%
0.00%
1,990,238
1,480,479
614,178
0.00%
0.00%
3,857,195
2,195,876
614,178
0.00%
0.00%
(5,280,156)
2,033,523
614,178
0.00%
0.00%
4,988,077
1,280,909
23.93%
2.53%
6.52%
1.87%
1.72%
3.63%
76.07%
1.19
0.23
1.77
0.38
25.98%
2.36%
7.87%
2.00%
2.91%
2.75%
74.02%
0.78
0.21
0.83
0.50
26.57%
1.66%
16.94%
4.19%
0.63%
7.80%
73.43%
0.40
0.43
3.45
1.29
26.02%
1.38%
1.01%
0.25%
1.66%
1.04%
73.98%
4.81
0.33
1.27
0.08
18.18%
1.27%
-7.37%
-1.58%
0.38%
0.65%
81.82%
-1.65
0.31
5.48
-0.53
1.07%
61.94%
29.82%
19.87%
71.16%
253.76%
73.17%
0.63%
71.51%
21.20%
11.37%
74.50%
334.44%
51.98%
0.49%
69.77%
15.02%
2.45%
74.80%
940.39%
31.43%
0.58%
50.62%
18.75%
0.20%
76.23%
13,171.89%
35.66%
0.38%
57.92%
21.30%
3.15%
79.59%
912.60%
36.72%
51.76%
40.86%
90.92%
-5.33%
78.94%
55.57%
44.27%
83.36%
-2.36%
79.65%
37.59%
34.85%
35.06%
-76.54%
92.70%
38.56%
30.06%
42.03%
4.19%
77.94%
27.10%
25.93%
36.31%
8.35%
95.68%
28.70%
0.35
5.81
0.69
25.36%
0.38
6.31
0.45
24.71%
0.47
7.60
0.10
24.59%
0.43
7.67
0.01
21.46%
0.29
7.14
0.15
5.46
6.52
4.88
-110.51
-15.44
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 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)
11.Earning per share (D10/E1)
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 loan 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 provisions (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 (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
71
Financial Statement Analysis of Financial Sector
PAK OMAN INVESTMENT COMPANY LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
7,418,725
6,150,000
722,810
545,915
293,446
15,653,452
0
8,868,730
6,295,986
488,736
23,365,623
99,912
269,173
614,177
12,179,521
9,964,228
1,037,908
893,914
9,070,314
68,669
1,063,857
7,770,203
6,150,000
843,304
776,899
394,883
19,029,543
0
14,479,440
4,009,860
540,243
27,194,629
93,725
1,586,956
362,824
14,073,356
10,907,725
1,193,866
914,462
9,993,263
82,316
1,002,189
8,106,752
6,150,000
984,427
972,325
354,446
31,345,157
0
25,150,898
5,342,975
851,284
39,806,355
88,884
1,670,921
935,826
20,831,182
15,900,129
1,218,843
1,065,278
14,834,851
85,263
1,359,428
8,059,817
6,150,000
1,071,761
838,056
63,540
56,546,033
0
44,607,690
10,501,149
1,437,194
64,669,390
172,121
2,010,079
2,038,288
40,240,634
19,663,753
964,378
875,260
18,788,493
81,901
1,337,874
8,103,513
6,150,000
1,164,643
788,870
39,425
49,967,534
0
39,961,645
9,010,490
995,399
58,110,472
122,604
2,275,589
5,434,296
28,433,357
21,061,394
711,233
580,692
20,480,702
96,169
1,267,755
2,117,169
1,360,752
756,417
221,033
535,384
402,674
392,775
372,736
545,283
383,593
2,242,063
1,356,296
885,767
196,135
689,632
789,972
504,340
468,230
975,264
602,471
2,287,972
1,436,373
851,599
6,648
844,951
827,673
647,335
658,798
1,025,289
705,614
3,955,607
3,099,597
856,010
(168,313)
1,024,323
340,437
620,227
573,254
744,533
436,668
3,550,116
2,710,409
839,707
(332,101)
1,171,808
161,564
584,028
552,165
749,344
464,410
615,000
0.00%
0.00%
4,768,958
3,194,247
615,000
0.00%
0.00%
3,080,661
1,724,504
615,000
0.00%
0.00%
4,624,456
3,956,292
615,000
0.00%
0.00%
288,193
6,838,492
615,000
0.00%
0.00%
(10,063,973)
19,695,692
35.73%
3.24%
5.17%
1.64%
1.72%
2.29%
64.27%
0.68
0.16
0.93
0.62
39.51%
3.26%
7.75%
2.22%
2.90%
2.54%
60.49%
0.48
0.17
0.59
0.98
37.22%
2.14%
8.70%
1.77%
2.08%
2.12%
62.78%
0.64
0.21
0.80
1.15
21.64%
1.32%
5.42%
0.68%
0.53%
1.58%
78.36%
0.77
0.14
1.68
0.71
23.65%
1.45%
5.73%
0.80%
0.28%
2.02%
76.35%
0.74
0.16
3.42
0.76
1.58%
52.13%
38.82%
26.95%
66.99%
158.26%
65.71%
6.18%
51.75%
36.75%
14.75%
69.98%
272.02%
58.99%
4.42%
52.33%
37.27%
13.42%
78.74%
297.59%
52.14%
3.37%
62.23%
29.05%
16.24%
87.44%
187.25%
35.68%
4.13%
48.93%
35.24%
15.51%
85.99%
233.74%
43.01%
10.42%
8.97%
13.99%
24.73%
86.13%
10.95%
8.38%
15.36%
21.45%
76.60%
7.67%
6.70%
15.03%
0.62%
87.40%
4.90%
4.45%
11.97%
-19.23%
90.76%
3.38%
2.76%
8.78%
-57.19%
81.65%
31.75%
0.43
12.06
0.85
28.57%
0.22
12.63
0.52
20.37%
0.49
13.18
0.66
12.46%
0.85
13.11
1.30
13.95%
2.43
13.18
1.11
12.43
5.11
6.55
0.66
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 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)
11.Earning per share (D10/E1)
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 loan 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 provisions (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 (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
-21.67
72
Financial Statement Analysis of Financial Sector
SAUDI PAK INDUSTRIAL & AGRI. INV CO. (PVT) LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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.Provisions against advances
8.Advances net of provisions (C5-C7)
9.Fixed assets
10.Other/misc. assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
8,586,180
6,000,000
919,926
1,666,254
1,804,683
11,782,077
0
10,630,880
37,000
1,114,197
22,172,940
48,472
693,285
900,000
10,739,003
7,784,475
2,385,358
2,096,435
5,688,040
2,255,080
1,849,060
9,379,707
6,600,000
1,064,668
1,715,039
2,362,531
13,120,068
0
12,010,453
7,000
1,102,615
24,862,306
64,560
758,317
180,000
12,702,241
8,774,144
2,675,026
2,099,189
6,674,955
2,738,966
1,743,267
9,920,576
6,600,000
1,159,890
2,160,686
2,465,364
11,945,807
0
10,717,908
131,399
1,096,500
24,331,747
34,289
116,132
340,000
11,349,103
10,466,678
2,796,202
2,210,415
8,256,263
2,625,410
1,610,550
10,631,641
6,600,000
1,285,354
2,746,287
1,573,785
9,961,259
0
9,076,846
7,500
876,913
22,166,685
40,303
123,073
0
9,468,148
10,584,039
2,592,937
2,126,145
8,457,894
2,518,447
1,558,820
10,810,168
6,600,000
1,366,864
2,843,304
1,838,548
6,541,869
0
5,771,338
7,500
763,031
19,190,585
54,652
326,583
2,818,407
4,159,040
10,028,182
3,109,538
2,162,853
7,865,329
3,117,420
849,154
1,343,543
666,935
676,608
(210,920)
887,528
761,719
246,828
284,571
1,402,419
1,158,832
1,720,811
868,488
852,323
85,925
766,398
581,654
356,056
341,961
991,996
732,268
1,334,803
500,787
834,016
267,082
566,934
725,031
329,113
344,482
962,852
476,113
1,230,375
487,321
743,054
238,606
504,448
732,250
376,788
376,788
859,910
627,318
1,000,387
397,182
603,205
(77,235)
680,440
445,597
427,576
427,576
698,461
407,553
600,000
0.00%
0.00%
4,406,302
1,519,658
660,000
0.00%
0.00%
1,837,666
534,967
660,000
0.00%
0.00%
(2,091,951)
2,424,736
660,000
0.00%
0.00%
(714,663)
2,573,810
660,000
0.00%
0.00%
(4,852,098)
2,410,867
50.36%
3.05%
13.50%
5.23%
3.44%
4.00%
49.64%
0.20
0.12
0.37
1.93
49.53%
3.43%
7.81%
2.95%
2.34%
3.08%
50.47%
0.34
0.15
0.59
1.11
62.48%
3.43%
4.80%
1.96%
2.98%
2.33%
37.52%
0.36
0.16
0.48
0.72
60.39%
3.35%
5.90%
2.83%
3.30%
2.28%
39.61%
0.44
0.19
0.51
0.95
60.30%
3.14%
3.77%
2.12%
2.32%
3.55%
39.70%
0.61
0.30
0.96
0.62
3.35%
48.43%
25.65%
0.17%
53.14%
21,039.12%
72.97%
3.31%
51.09%
26.85%
0.03%
52.77%
125,344.91%
73.01%
0.62%
46.64%
33.93%
0.54%
49.10%
7,965.57%
96.47%
0.74%
42.71%
38.16%
0.03%
44.94%
141,120.52%
116.51%
1.99%
21.67%
40.99%
0.04%
34.09%
133,709.09%
173.53%
30.64%
26.93%
27.78%
-10.06%
87.89%
30.49%
23.92%
28.52%
4.09%
78.47%
26.72%
21.12%
28.19%
12.08%
79.05%
24.50%
20.09%
24.39%
11.22%
82.00%
31.01%
21.57%
28.76%
-3.57%
69.56%
38.72%
0.18
14.31
0.00
37.73%
0.06
14.21
0.00
40.77%
0.24
15.03
0.01
47.96%
0.24
16.11
0.00
56.33%
0.22
16.38
0.00
3.80
2.51
-4.39
-1.14
-11.91
D.Profit & loss account
1.Markup/interest earned
2.markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 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)
11.Earning per share (D10/E1)
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 loan 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 provisions (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 (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposits to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from operating activities to profit after tax (E4/D10) (times)
73
Financial Statements Analysis of Financial Sector
2018
MICROFINANCE BANKS (MFBS)
50%
45%
40%
35%
Growth
Billion Rs
Components of Balance Sheet
PERFORMANCE AT A GLANCE
2017
2018
Growth (RHS)
Microfinance sector continued its positive stride
with total assets increased by 31.92 percent to
350.00
reach Rs 326.51 billion in CY18 from Rs 247.52
300.00
billion in CY17. Total liabilities and total equity
250.00
(including others) increased by Rs 63.43 billion or
200.00
29.49 percent and Rs 15.56 billion or 48.02
150.00
percent respectively in CY18 over CY17.
100.00
Interest/mark up income of the microfinance banks
recorded an increase of Rs 14.74 billion .i.e. an
50.00
increase of 41.35 percent. Interest/ mark up
0.00
Total Equity
Total
Total Assets
expense also increased by Rs 4.55 billion
(including
Liabilities
contributed to record net interest income after
Others)
provisions to Rs 34.56 billion in CY 18.
Profits before and after taxation decreased by Rs
0.21 billion (2.72 percent) and Rs 1.40 billion (26.45 percent) respectively during the year.
30%
25%
20%
ANALYSIS OF TOTAL EQUITY
Total equity (including others) increased from Rs 32.41 billion in CY17 to Rs 47.97 billion in CY18
witnessing an increase of Rs 15.56 billion or YoY growth of 48.02 percent. Share capital increased by
13.07 percent from Rs 24.48 billion in CY17 to Rs 27.68 billion in CY18. It is important to note that
share capital which contributed 68.24 percent of equity in CY17 , dropped to 54.41 percent in CY18 due
to increased share of reserves. Reserves comprising 28.64 percent share of total equity in CY18 increased
by Rs 10.44 billion (253.07 percent) in CY18 over CY17. Unappropriated profit touched Rs 8.63 billion
in CY18 with a YoY increase of Rs 1.36 billion in CY18.
ANALYSIS OF LIABILITIES
Total liabilities of MFBs increased by Rs 63.43 billion to touch Rs 278.54 billion in CY18 from Rs
215.11 billion in CY17. Bills payable moved from Rs 136.19 million in CY17 to Rs 141.65 million,
registering an increase of 4.01 percent. Borrowings from financial institutions increased from Rs 13.02
billion in CY17 to Rs 17.01 billion in CY18 registering an increase of 30.68 percent over the previous
Major Components of Liabilities
Share of Borrowings in Total Liabilities
300.00
45%
8.20%
40%
250.00
100%
35%
200.00
30%
25%
150.00
20%
100.00
15%
80%
Growth
Billion Rs.
7.46%
60%
85.65%
86.43%
40%
10%
50.00
5%
0.00
0%
Borrowings
2017
Deposits
2018
Others
Growth (RHS)
20%
6.11%
6.05%
0%
2017
Borrowings
2018
Deposits
Others
74
Financial Statements Analysis of Financial Sector
2018
year. Deposits and other accounts remained the highest liability (85.65 percent share) in CY18 of
microfinance banks. Amount of deposits of MFBs recorded a significant increase of Rs 52.65 billion to
stand at Rs 238.56 billion in CY18 from Rs 185.91 billion in CY17, showing an increase of 28.32
percent.
Growth
Billion Rs
ANALYSIS OF ASSETS
Major Components of Assets
In CY18, total assets stood at Rs 326.51 billion
2017
2018
Growth (RHS)
increased by 31.92 percent when compared to
previous year. The analysis of components of total
200
140%
assets reveals that investment activities of MFBs
180
120%
160
decreased during CY18. However, lending to
100%
140
financial institutions expanded during the year.
80%
120
The amount of investments decreased from Rs
60%
100
44.67 billion in CY17 to Rs 37.01 billion in CY18
40%
80
showing a decrease of Rs 7.67 billion or 17.16
20%
60
percent. Lending to financial institutions increased
0%
40
to Rs 9.83 billion in CY18 from Rs 4.29 billion in
-20%
20
0
-40%
CY17, depicting an increase of 129.08 percent or
Cash &
Lending Investment Advances
Rs 5.54 billion over the previous year.
Cash
Gross Advances of MFBs increased by Rs 52.99
Equivalent
billion in CY18, from Rs 136.66 billion in CY17
to stand at Rs 189.66 billion in CY18. Share of Gross Advances in total assets increased to 58.09 percent
in CY18 from 55.21 percent in CY17. The analysis of components of advances reveals that NonPerforming Loans (NPL) and provisions against NPL in advances increased during CY18. NPL increased
by Rs 2.65 billion and touched Rs 5.11 billion in CY18 as compared to Rs 2.46 billion in CY17.
Advances net of provisions with an increase of Rs 51.02 billion or 38.04 percent stood at Rs 185.15
billion in CY18 from Rs 134.13 billion in CY17. Provision against advances increased from Rs 2.54
billion in CY17 to Rs 4.51 billion, showing YoY growth of 77.74 percent in CY18.
PROFITABILITY AND OPERATING EFFICIENCY
Profit before and after taxation slightly dropped for
Performance Indicators
2017
2018
microfinance sector in Pakistan. Profit before
79.50%
73.51%
taxation decreased from Rs 7.72 billion in CY17 to
80%
Rs 7.51 billion in CY18 witnessing a decrease of
70%
2.72 percent over CY17. Profits after taxation
60%
decreased from Rs 5.29 billion in CY17 to Rs 3.89
50%
billion in CY18, registering a fall of 26.45 percent
40%
15.58%
or Rs 1.40 billion.
30%
14.75%
14.49%
Efficiency ratios in terms of return on assets and
20%
7.65% 1.19%
2.69%
2.14%
equity deciphered downward behavior in CY18 as
1.80%
10%
compared to CY17. Return on equity (ROE)
0%
Capital Return on Return on NPL to
Gross
decreased from 14.75 percent to 7.65 percent in
ratio
equity
Assets
gross
advances
CY18 as compared to CY17. Similarly, return on
(ROE)
(ROA) advances
to
deposits
assets (ROA) decreased from 2.14 percent in CY17
to 1.19 percent in CY18. Capital ratio i.e. total
equity to overall assets moved up from 14.49 percent to 15.58 percent in the current year. Gross advances
to deposits moved up from 73.51 percent in CY17 to 79.50 percent in CY18.
75
Financial Statement Analysis of Financial Sector
All Microfinance Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
18,079,359
16,323,080
1,513,220
243,059
(3,130,498)
54,856,247
125,342
8,664,284
42,730,482
3,336,139
69,805,108
3,464,599
6,502,405
1,150,351
14,565,967
36,892,137
444,029
380,440
36,511,697
2,526,436
5,083,653
23,893,485
19,889,988
2,093,205
1,910,292
(4,800,615)
78,882,571
79,230
10,893,373
63,084,832
4,825,136
97,975,441
4,700,656
10,562,456
3,675,981
13,520,656
55,351,880
894,820
652,421
54,699,459
3,557,475
7,258,758
28,125,443
21,443,298
2,977,973
3,704,172
(3,610,302)
145,615,827
110,670
13,728,881
120,173,249
11,603,027
170,130,968
9,534,721
23,705,997
2,151,981
30,964,763
89,637,080
2,279,323
1,894,075
87,743,005
5,142,024
10,888,477
35,872,132
24,477,784
4,126,727
7,267,621
(3,463,477)
215,106,548
136,194
13,017,323
185,909,900
16,043,131
247,515,203
12,224,551
26,690,384
4,292,591
44,674,356
136,663,986
2,459,310
2,537,140
134,126,846
7,256,382
18,250,093
50,874,057
27,678,113
14,570,204
8,625,740
(2,901,342)
278,539,757
141,654
17,011,065
238,556,412
22,830,626
326,512,472
16,246,986
43,464,211
9,833,315
37,008,966
189,658,351
5,105,742
4,509,407
185,148,944
10,805,498
24,004,552
11,612,712
3,446,738
8,165,974
526,450
7,639,524
4,285,093
9,908,871
8,674,769
2,015,767
1,600,899
15,164,038
4,050,260
11,113,778
764,028
10,349,750
4,364,967
11,260,825
11,085,219
3,453,890
2,654,184
23,150,854
6,749,847
16,401,007
2,168,562
14,232,445
5,283,756
14,720,318
14,602,859
4,795,884
3,180,677
35,657,987
11,298,551
24,359,436
1,949,653
22,409,783
12,897,011
27,590,761
27,272,924
7,716,038
5,292,818
50,401,036
15,845,443
34,555,591
4,526,916
30,028,672
13,725,984
36,248,542
25,848,779
7,506,113
3,892,955
1,632,307
1,988,998
2,126,929
2,398,762
2,882,921
N/A
N/A
1,161,828
132,388
N/A
N/A
3,820,707
65,963
N/A
N/A
27,949,865
103,140
N/A
N/A
18,399,378
286,493
N/A
N/A
804,447
201,377
70.32%
11.70%
8.85%
2.29%
6.14%
10.94%
29.68%
4.30
62.33%
2.02
0.98
73.29%
11.34%
11.11%
2.71%
4.46%
10.56%
26.71%
3.21
57.66%
2.54
1.33
70.84%
9.64%
11.31%
1.87%
3.11%
8.37%
29.16%
3.04
51.77%
2.76
1.50
68.31%
9.84%
14.75%
2.14%
5.21%
9.05%
31.69%
3.53
56.82%
2.11
2.21
68.56%
10.58%
7.65%
1.19%
4.20%
9.20%
31.44%
3.44
56.53%
1.88
1.35
14.28%
20.87%
52.31%
61.21%
78.58%
86.34%
71.78%
15.58%
13.80%
55.83%
64.39%
80.51%
87.74%
74.82%
19.54%
18.20%
51.57%
70.64%
85.59%
74.59%
66.94%
15.72%
18.05%
54.19%
75.11%
86.91%
73.51%
68.70%
18.29%
11.33%
56.71%
73.06%
85.31%
79.50%
74.21%
1.20%
1.03%
2.46%
138.38%
85.68%
1.62%
1.18%
3.75%
117.11%
72.91%
2.54%
2.11%
8.10%
114.49%
83.10%
1.80%
1.86%
6.86%
76.84%
103.16%
2.69%
2.38%
10.04%
100.39%
88.32%
25.90%
0.01
11.08
2.36
24.39%
0.00
12.01
2.64
16.53%
0.00
13.22
4.27
14.49%
0.01
14.95
5.18
15.58%
0.00
17.65
4.69
0.73
1.44
8.79
3.48
0.21
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
76
Financial Statement Analysis of Financial Sector
ADVANS PAKISTAN MICROFINANCE BANK LTD
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
547,310
800,000
0
(252,690)
21,149
51,365
0
0
14,634
36,731
619,824
11,802
258,332
0
147,084
102,610
4,306
4,103
98,507
78,396
25,703
469,644
800,000
0
(330,356)
16,924
76,180
0
0
14,627
61,553
562,748
17,391
197,455
0
0
201,748
23,426
20,524
181,224
79,583
87,095
437,757
974,000
0
(536,243)
177,418
69,281
0
0
21,469
47,812
684,456
12,248
307,173
0
59,117
212,109
5,577
4,511
207,598
57,375
40,945
624,542
1,290,163
0
(665,621)
5,617
372,942
0
0
301,626
71,316
1,003,101
187,332
134,834
0
0
567,783
12,419
9,166
558,617
56,399
65,919
510,334
1,290,163
0
(779,829)
1,149
785,118
0
100,000
552,311
132,807
1,296,601
101,999
28,247
0
0
998,490
28,394
20,460
978,030
97,995
90,330
65,768
517
65,251
6,968
58,283
20,358
166,839
166,680
(88,175)
(88,890)
83,211
552
82,659
25,893
56,766
20,611
215,012
214,942
(137,634)
77,666
79,112
830
78,282
12,772
65,510
23,642
246,614
243,716
(157,462)
(205,887)
146,175
7,909
138,266
11,319
126,947
41,355
302,789
295,896
(134,486)
(129,378)
316,800
51,338
265,462
33,603
231,859
56,783
402,105
390,978
(113,462)
(114,209)
80,000
0.00%
0.00%
(205,579)
15,946
80,000
0.00%
0.00%
(175,047)
0
80,000
0.00%
0.00%
(168,668)
0
80,000
0.00%
0.00%
(181,792)
0
129,016
0.00%
0.00%
(127,013)
0
99.21%
10.53%
-16.24%
-14.34%
3.28%
9.40%
0.79%
-1.89
193.72%
8.19
-1.11
99.34%
14.69%
16.54%
13.80%
3.66%
10.09%
0.66%
-1.56
207.10%
10.43
0.97
98.95%
11.44%
-47.03%
-30.08%
3.45%
9.57%
1.05%
-1.55
240.00%
10.31
-2.57
94.59%
13.78%
-20.72%
-12.90%
4.12%
12.66%
5.41%
-2.20
161.46%
7.16
-1.62
83.79%
20.47%
-22.38%
-8.81%
4.38%
17.88%
16.21%
-3.45
107.63%
6.89
-0.89
43.58%
23.73%
15.89%
2.36%
8.29%
701.18%
701.18%
38.18%
0.00%
32.20%
2.60%
13.54%
1,379.28%
1,379.28%
46.67%
8.64%
30.33%
3.14%
10.12%
987.98%
987.98%
32.12%
0.00%
55.69%
30.07%
37.18%
188.24%
188.24%
10.05%
0.00%
75.43%
42.60%
60.55%
180.78%
153.07%
4.20%
4.00%
0.79%
169.83%
95.29%
11.61%
10.17%
4.99%
126.16%
87.61%
2.63%
2.13%
1.27%
283.13%
80.89%
2.19%
1.61%
1.99%
123.49%
73.81%
2.84%
2.05%
5.56%
164.24%
72.06%
88.30%
0.03
6.84
0.03
83.46%
0.00
5.87
0.03
63.96%
0.00
5.47
0.05
62.26%
0.00
7.81
0.48
39.36%
0.00
3.96
1.08
2.31
-2.25
0.82
1.41
1.11
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
77
Financial Statement Analysis of Financial Sector
APNA MICROFINANCE BANK (formerly NETWORK MICROFI
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
909,010
1,100,000
1,280
(192,270)
(366,402)
1,216,346
12,621
0
1,193,507
10,218
1,758,954
68,227
528,252
0
190,767
798,673
101,396
32,535
766,138
93,726
111,844
1,979,794
2,200,000
1,280
(221,486)
(924,771)
4,615,456
24,184
0
4,546,697
44,575
5,670,479
237,837
1,758,683
0
257,598
2,654,416
119,238
65,993
2,588,423
351,136
476,802
1,244,270
2,200,000
1,279
(957,009)
(537,071)
12,846,804
0
204,002
12,347,071
295,731
13,554,003
1,028,052
4,280,247
0
605,409
6,397,188
1,484,012
913,163
5,484,025
821,090
1,335,180
1,464,759
2,500,000
1,279
(1,036,520)
(444,346)
12,963,177
0
202,285
12,528,727
232,165
13,983,590
1,202,270
4,048,779
0
658,483
5,983,811
1,315,627
757,264
5,226,547
881,491
1,966,020
1,515,358
2,500,000
11,932
(996,574)
(41,612)
16,149,301
0
9,369
15,866,331
273,601
17,623,047
1,585,616
2,910,831
0
884,469
10,087,136
1,309,014
921,396
9,165,740
857,383
2,219,008
239,419
78,964
160,455
19,577
140,878
33,508
165,665
165,665
8,721
6,148
447,155
187,446
259,709
30,135
229,574
97,872
351,792
351,792
(24,346)
(29,216)
1,441,502
671,551
769,951
845,921
(75,970)
112,898
1,134,506
1,107,253
(1,097,578)
(735,524)
1,577,980
703,944
874,036
(131,198)
1,005,234
115,062
1,308,599
1,308,599
(188,302)
(79,511)
2,157,835
800,799
1,357,036
(62,826)
1,419,863
276,284
1,595,647
1,595,647
100,500
53,261
110,000
0.00%
0.00%
(84,399)
0
220,000
0.00%
0.00%
1,189,850
0
220,000
0.00%
0.00%
3,593,023
0
250,000
0.00%
0.00%
(271,022)
0
250,000
0.00%
0.00%
(679,158)
0
67.02%
9.12%
0.68%
0.35%
1.90%
8.01%
32.98%
19.00
60.70%
4.94
0.06
58.08%
4.58%
-1.48%
-0.52%
1.73%
4.05%
41.92%
-14.45
64.55%
3.59
-0.13
53.41%
5.68%
-59.11%
-5.43%
0.83%
-0.56%
46.59%
-1.01
72.99%
9.81
-3.34
55.39%
6.25%
-5.43%
-0.57%
0.82%
7.19%
44.61%
-6.95
77.29%
11.37
-0.32
62.89%
7.70%
3.51%
0.30%
1.57%
8.06%
37.11%
15.88
65.55%
5.78
0.21
33.91%
10.85%
43.56%
67.85%
69.15%
66.92%
66.92%
35.21%
4.54%
45.65%
80.18%
81.39%
58.38%
58.38%
39.16%
4.47%
40.46%
91.10%
94.78%
51.81%
50.97%
37.55%
4.71%
37.38%
89.60%
92.70%
47.76%
47.00%
25.51%
5.02%
52.01%
90.03%
91.64%
63.58%
63.54%
12.70%
4.07%
11.15%
60.17%
32.09%
4.49%
2.49%
6.02%
45.66%
55.35%
23.20%
14.27%
119.27%
92.64%
61.53%
21.99%
12.66%
89.82%
-17.33%
57.56%
12.98%
9.13%
86.38%
-6.82%
70.39%
51.68%
0.00
8.26
1.31
34.91%
0.00
9.00
2.30
9.18%
0.00
5.66
9.92
10.47%
0.00
5.86
8.55
8.60%
0.00
6.06
10.47
-13.73
-40.73
-4.88
3.41
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
-12.75
78
Financial Statement Analysis of Financial Sector
FINCA MICROFINANCE BANK LIMITED
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
4,212,302
4,731,980
35,505
(555,183)
(2,930,113)
5,098,281
4,922
201,100
4,656,177
236,082
6,380,470
320,861
597,224
0
447,527
4,028,415
35,918
33,747
3,994,668
582,647
437,543
5,986,349
6,348,887
68,843
(431,381)
(4,052,815)
6,518,384
5,840
115,001
6,057,364
340,179
8,451,918
356,638
409,991
0
1,039,196
5,478,758
126,351
60,082
5,418,676
776,652
450,765
6,458,395
6,348,887
195,022
(85,514)
(4,025,842)
13,185,412
14,625
1,350,002
11,069,656
751,129
15,617,965
809,675
1,248,485
0
1,885,329
10,209,128
114,977
126,864
10,082,264
920,847
671,365
7,267,668
6,348,887
365,982
552,799
(3,984,436)
21,858,654
81,872
1,668,982
19,183,926
923,874
25,141,886
976,429
1,556,695
0
5,209,160
15,110,644
224,155
247,303
14,863,341
1,220,666
1,315,595
7,968,028
6,348,887
557,278
1,061,863
(3,935,640)
28,247,372
61,356
3,318,501
23,741,812
1,125,703
32,279,760
1,639,249
2,489,462
0
3,827,477
20,868,935
392,188
288,406
20,580,529
1,748,345
1,994,698
1,247,136
361,257
885,879
47,783
838,096
235,217
1,042,525
1,030,557
30,787
176,137
1,899,754
534,669
1,365,085
105,654
1,259,431
326,172
1,340,382
1,322,012
245,220
166,695
2,986,050
647,593
2,338,457
219,211
2,119,246
549,776
1,681,427
1,669,761
987,595
630,896
4,808,929
1,256,381
3,552,548
406,595
3,145,953
693,478
2,461,178
2,437,692
1,378,254
854,798
6,531,286
1,828,404
4,702,881
434,916
4,267,965
801,885
3,489,903
3,453,480
1,579,947
956,480
473,198
0.00%
0.00%
202,113
0
634,889
0.00%
0.00%
162,476
0
634,889
0.00%
0.00%
2,371,848
0
634,889
0.00%
0.00%
1,870,197
0
750,000
0.00%
0.00%
620,034
0
71.03%
13.88%
4.18%
2.76%
3.69%
13.14%
28.97%
33.47
70.33%
4.38
0.37
71.86%
16.15%
2.78%
1.97%
3.86%
14.90%
28.14%
5.39
60.22%
4.05
0.26
78.31%
14.97%
9.77%
4.04%
3.52%
13.57%
21.69%
1.69
47.55%
3.04
0.99
73.87%
14.13%
11.76%
3.40%
2.76%
12.51%
26.13%
1.77
44.73%
3.52
1.35
72.01%
14.57%
12.00%
2.96%
2.48%
13.22%
27.99%
2.19
47.59%
4.31
1.28
14.39%
7.01%
62.61%
72.98%
79.90%
86.52%
82.94%
9.07%
12.30%
64.11%
71.67%
77.12%
90.45%
88.76%
13.18%
12.07%
64.56%
70.88%
84.42%
92.23%
82.20%
10.08%
20.72%
59.12%
76.30%
86.94%
78.77%
72.46%
12.79%
11.86%
63.76%
73.55%
87.51%
87.90%
77.12%
0.89%
0.84%
0.85%
141.59%
93.96%
2.31%
1.10%
2.11%
175.85%
47.55%
1.13%
1.24%
1.78%
172.79%
110.34%
1.48%
1.64%
3.08%
164.41%
110.33%
1.88%
1.38%
4.92%
150.80%
73.54%
66.02%
0.00
8.90
1.11
70.83%
0.00
9.43
1.01
41.35%
0.00
10.17
1.71
28.91%
0.00
11.45
2.64
24.68%
0.00
10.62
2.98
1.15
0.97
3.76
2.19
0.65
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
79
Financial Statement Analysis of Financial Sector
KHUSHHALIBANK LIMITED
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
3,285,364
1,705,000
446,042
1,134,322
764
13,406,306
63,102
3,729,877
8,682,473
930,854
16,692,434
701,036
353,301
417,604
836,886
12,238,252
136,018
132,413
12,105,839
322,920
1,954,848
3,934,189
1,705,001
610,874
1,618,314
17,301
22,744,856
42,081
5,890,397
15,583,727
1,228,651
26,696,346
1,001,222
944,009
2,383,353
1,847,825
17,466,883
428,587
220,352
17,246,531
548,979
2,724,427
4,937,238
1,705,001
865,421
2,366,816
(141)
28,836,382
78,396
6,199,882
21,179,403
1,378,701
33,773,479
1,300,650
1,387,702
1,544,066
2,967,965
23,308,981
422,134
369,450
22,939,531
719,730
2,913,835
6,354,266
1,705,001
1,225,534
3,423,731
1,509
52,605,428
0
4,782,681
45,746,861
2,075,886
58,961,203
1,664,251
2,399,132
474,532
16,297,590
32,813,744
381,553
597,752
32,215,992
1,141,596
4,768,110
8,198,502
1,705,000
1,717,290
4,776,212
948
62,272,502
0
2,964,872
56,017,988
3,289,642
70,471,952
1,792,737
7,498,358
1,837,749
8,915,710
44,095,601
627,831
721,299
43,374,302
1,353,528
5,699,568
3,129,490
809,557
2,319,933
157,687
2,162,246
694,697
1,914,533
1,889,932
942,410
703,212
4,406,622
1,219,287
3,187,335
279,100
2,908,235
716,439
2,442,693
2,315,284
1,181,982
824,165
5,926,210
1,807,109
4,119,101
684,807
3,434,294
1,118,659
2,773,871
2,775,914
1,779,082
1,272,734
8,740,750
2,995,881
5,744,869
712,645
5,032,224
1,339,898
3,883,141
3,857,042
2,488,981
1,800,565
11,926,025
4,590,105
7,335,920
778,230
6,557,690
1,638,551
4,725,916
4,706,553
3,470,325
2,458,786
170,500
0.00%
0.00%
(1,422,417)
32,720
170,500
0.00%
0.00%
2,035,233
49,205
170,500
0.00%
0.00%
1,047,563
25,216
170,500
0.00%
0.00%
15,694,279
0
170,500
0.00%
0.00%
549,262
0
74.13%
13.90%
21.40%
4.21%
4.16%
12.95%
25.87%
2.01
50.06%
2.72
4.12
72.33%
11.94%
20.95%
3.09%
2.68%
10.89%
27.67%
1.96
47.68%
3.23
4.83
69.51%
12.20%
25.78%
3.77%
3.31%
10.17%
30.49%
1.56
39.37%
2.48
7.46
65.73%
9.74%
28.34%
3.05%
2.27%
8.53%
34.27%
1.55
38.52%
2.88
10.56
61.51%
10.41%
29.99%
3.49%
2.33%
9.31%
38.49%
1.36
34.84%
2.87
14.42
6.32%
5.01%
72.52%
52.01%
80.31%
140.95%
98.60%
7.29%
6.92%
64.60%
58.37%
85.20%
112.08%
81.34%
7.96%
8.79%
67.92%
62.71%
85.38%
110.05%
85.13%
6.89%
27.64%
54.64%
77.59%
89.22%
71.73%
64.94%
13.18%
12.65%
61.55%
79.49%
88.36%
78.72%
74.76%
1.11%
1.08%
4.14%
119.09%
97.35%
2.45%
1.26%
10.89%
126.66%
51.41%
1.81%
1.59%
8.55%
185.36%
87.52%
1.16%
1.82%
6.00%
119.22%
156.66%
1.42%
1.64%
7.66%
107.89%
114.89%
19.68%
0.01
19.27
2.64
14.74%
0.01
23.07
3.96
14.62%
0.01
28.96
4.29
10.78%
0.00
37.27
7.20
11.63%
0.00
48.09
6.83
-2.02
2.47
0.82
8.72
0.22
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
80
Financial Statement Analysis of Financial Sector
MOBILINK MICROFINANCE BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,037,013
1,451,754
0
(414,741)
(683)
1,504,516
0
0
1,287,919
216,597
2,540,846
121,820
1,154,463
0
326,780
500,402
7
2,590
497,812
220,961
219,010
999,736
1,451,754
0
(452,018)
600
3,890,220
0
0
3,197,311
692,909
4,890,556
266,578
2,402,370
0
125,272
1,350,315
0
7,758
1,342,557
289,235
464,544
1,218,956
1,451,754
46,152
(278,950)
11,538
13,003,363
0
0
10,306,362
2,697,001
14,233,857
747,930
4,742,891
0
1,495,053
5,933,962
2,323
75,138
5,858,824
388,448
1,000,711
3,062,142
2,713,597
168,570
179,975
42,493
17,476,241
0
0
14,943,057
2,533,184
20,580,876
1,071,464
3,047,343
0
4,527,807
10,002,318
31,232
182,972
9,819,346
462,744
1,652,172
3,835,587
2,713,597
332,174
789,816
128,227
24,150,880
0
0
22,091,486
2,059,394
28,114,694
2,134,916
5,162,381
0
5,408,582
12,713,805
161,859
285,428
12,428,377
729,542
2,250,896
224,924
30,188
194,736
1,583
193,153
1,404,855
1,746,912
574,320
(148,904)
(107,054)
353,308
54,711
298,597
5,170
293,427
531,145
1,018,240
1,018,142
(193,668)
(37,277)
1,241,070
255,330
985,740
67,611
918,129
599,661
1,182,955
1,179,326
334,835
230,758
2,616,677
510,086
2,106,591
115,701
1,990,890
541,249
1,651,540
1,648,857
880,599
612,089
3,356,863
389,543
2,967,320
197,192
2,770,127
513,589
2,062,915
2,058,286
1,220,801
818,021
145,175
0.00%
0.00%
218,396
30,009
145,175
0.00%
0.00%
1,340,928
4,559
145,175
0.00%
0.00%
4,410,284
0
271,360
0.00%
0.00%
632,583
172,627
271,359
0.00%
0.00%
4,363,261
130,791
86.58%
7.66%
-10.32%
-4.21%
55.29%
7.60%
13.42%
-3.86
107.19%
0.41
-0.74
84.51%
6.11%
-3.73%
-0.76%
10.86%
6.00%
15.49%
-5.26
115.13%
1.92
-0.26
79.43%
6.93%
18.93%
1.62%
4.21%
6.45%
20.57%
3.52
64.27%
1.97
1.59
80.51%
10.24%
19.99%
2.97%
2.63%
9.67%
19.49%
1.87
52.30%
3.05
2.26
88.40%
10.55%
21.33%
2.91%
1.83%
9.85%
11.60%
1.69
53.30%
4.01
3.01
50.23%
12.86%
19.59%
50.69%
59.21%
38.85%
38.85%
54.57%
2.56%
27.45%
65.38%
79.55%
42.23%
42.23%
38.58%
10.50%
41.16%
72.41%
91.36%
57.58%
57.58%
20.01%
22.00%
47.71%
72.61%
84.91%
66.94%
66.94%
25.96%
19.24%
44.21%
78.58%
85.90%
57.55%
57.55%
0.00%
0.52%
0.00%
61.12%
37,000.00%
0.00%
0.57%
0.00%
66.64%
-
0.04%
1.27%
0.19%
89.98%
3,234.52%
0.31%
1.83%
1.02%
63.23%
585.85%
1.27%
2.25%
4.22%
69.09%
176.34%
40.81%
0.03
7.14
1.24
20.44%
0.00
6.89
3.20
8.56%
0.00
8.40
8.46
14.88%
0.06
11.28
4.88
13.64%
0.03
14.13
5.76
-2.04
-35.97
19.11
1.03
5.33
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
81
Financial Statement Analysis of Financial Sector
NRSP MICROFINANCE BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
2,040,729
1,498,372
128,840
413,517
85,375
9,671,512
0
4,204,216
5,159,810
307,486
11,797,616
308,723
1,686,938
0
3,971,191
5,192,071
51,109
66,894
5,125,177
222,810
482,777
2,473,641
1,498,372
220,782
754,487
70,860
11,747,685
0
4,156,925
7,255,316
335,444
14,292,186
472,108
1,752,698
0
2,151,133
9,085,508
14,520
86,317
8,999,191
221,427
695,629
3,106,336
1,498,372
357,739
1,250,225
97,393
23,248,698
0
4,677,175
16,922,084
1,649,439
26,452,427
1,199,469
4,067,413
0
6,109,061
13,271,040
48,060
144,309
13,126,731
353,177
1,596,576
3,869,522
1,498,372
522,034
1,849,116
144,388
29,575,599
0
3,293,888
23,671,820
2,609,891
33,589,509
1,642,950
5,223,370
0
2,696,483
20,934,194
69,041
228,385
20,705,809
533,617
2,787,280
4,417,174
1,498,372
640,217
2,278,585
190,583
33,742,828
0
4,531,800
26,263,175
2,947,853
38,350,585
1,120,908
3,699,044
2,522,202
3,458,697
23,777,633
646,269
466,511
23,311,122
1,008,607
3,230,005
1,731,236
793,087
938,149
62,231
875,918
328,027
918,213
918,213
285,732
197,679
2,053,934
741,048
1,312,886
142,489
1,170,397
601,382
1,121,540
1,121,258
650,238
459,705
3,221,206
1,239,768
1,981,438
155,329
1,826,109
693,344
1,558,954
1,558,766
960,499
684,787
4,976,177
2,038,967
2,937,210
387,510
2,549,700
871,122
2,315,149
2,313,916
1,105,674
821,474
6,331,528
2,226,359
4,105,168
1,154,856
2,950,312
833,261
2,885,022
2,881,731
898,550
590,916
149,837
0.00%
0.00%
1,009,488
0
149,837
0.00%
0.00%
(1,626,614)
0
149,837
0.00%
0.00%
3,062,825
0
149,837
0.00%
0.00%
2,556,227
0
149,837
0.00%
0.00%
(242,194)
0
54.19%
7.95%
9.69%
1.68%
2.78%
7.42%
45.81%
3.21
44.59%
2.80
1.32
63.92%
9.19%
18.58%
3.22%
4.21%
8.19%
36.08%
1.72
42.24%
1.86
3.07
61.51%
7.49%
22.04%
2.59%
2.62%
6.90%
38.49%
1.62
39.82%
2.25
4.57
59.03%
8.74%
21.23%
2.45%
2.59%
7.59%
40.97%
2.09
39.59%
2.66
5.48
64.84%
10.70%
13.38%
1.54%
2.17%
7.69%
35.16%
3.21
40.27%
3.46
3.94
16.92%
33.66%
43.44%
43.74%
81.98%
100.63%
55.45%
15.57%
15.05%
62.97%
50.76%
82.20%
125.23%
79.61%
19.91%
23.09%
49.62%
63.97%
87.89%
78.42%
61.44%
20.44%
8.03%
61.64%
70.47%
88.05%
88.44%
77.63%
12.57%
9.02%
60.78%
68.48%
87.99%
90.54%
77.21%
0.98%
1.29%
2.50%
93.03%
130.88%
0.16%
0.95%
0.59%
165.08%
594.47%
0.36%
1.09%
1.55%
107.64%
300.27%
0.33%
1.09%
1.78%
169.67%
330.80%
2.72%
1.96%
14.63%
247.55%
72.19%
17.30%
0.00
13.62
2.53
17.31%
0.00
16.51
2.93
11.74%
0.00
20.73
5.45
11.52%
0.00
25.82
6.12
11.52%
0.00
29.48
5.95
5.11
-3.54
4.47
3.11
-0.41
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
82
Financial Statement Analysis of Financial Sector
PAK OMAN MICROFINANCE BANK LIMITED
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,069,607
1,151,820
7,395
(89,608)
(373)
45,698
0
0
22,128
23,570
1,114,932
1,946
5,997
732,747
79,087
223,832
3,523
2,854
220,978
21,928
52,249
1,072,468
1,151,820
7,066
(86,418)
1,993
52,722
0
0
24,845
27,877
1,127,183
1,752
22,164
545,926
105,195
369,038
32,589
10,322
358,716
37,085
56,345
1,069,551
1,151,820
8,363
(90,632)
2,792
188,154
0
0
148,895
39,259
1,260,497
7,997
28,527
184,700
516,913
439,275
21,960
10,797
428,478
32,960
60,922
2,253,153
2,308,300
14,275
(69,422)
57,635
80,902
0
0
9,033
71,869
2,391,690
4,177
320,086
450,000
797,010
703,493
24,818
15,367
688,126
30,958
101,333
2,307,421
2,308,300
26,320
(27,199)
58,915
123,211
0
0
6,784
116,427
2,489,547
3,751
491,356
0
630,622
1,257,189
103,716
48,548
1,208,641
52,318
102,859
119,803
250
119,553
3,021
116,532
13,614
128,982
128,958
1,164
(7,272)
168,665
250
168,415
18,032
150,383
23,862
162,773
162,457
11,472
5,748
176,541
4,977
171,564
18,560
153,004
42,998
181,233
181,647
14,770
6,486
243,495
9,391
234,104
24,299
209,805
47,045
213,106
21,306
43,744
29,562
439,075
49
439,026
89,138
349,887
69,162
318,476
318,702
100,572
60,227
115,182
0.00%
0.00%
(249,721)
1,328
115,182
0.00%
0.00%
67,336
0
115,182
0.00%
0.00%
438,558
0
230,830
0.00%
0.00%
(632,477)
0
230,830
0.00%
0.00%
30,440
0
99.79%
10.72%
-0.68%
-0.65%
1.22%
10.45%
0.21%
110.79
96.68%
9.47
-0.06
99.85%
14.94%
0.54%
0.51%
2.12%
13.34%
0.15%
14.16
84.55%
6.81
0.05
97.18%
13.61%
0.61%
0.51%
3.41%
12.14%
2.82%
12.30
82.55%
4.22
0.06
96.14%
9.79%
1.31%
1.24%
1.97%
8.77%
3.86%
0.49
73.35%
0.45
0.13
99.99%
17.63%
2.61%
2.42%
2.78%
14.05%
0.01%
3.17
62.66%
4.61
0.26
0.71%
7.09%
19.82%
1.98%
4.10%
1,011.53%
1,011.53%
2.12%
9.33%
31.82%
2.20%
4.68%
1,485.36%
1,485.36%
2.90%
41.01%
33.99%
11.81%
14.93%
295.02%
295.02%
13.56%
33.32%
28.77%
0.38%
3.38%
7,788.03%
7,788.03%
19.89%
25.33%
48.55%
0.27%
4.95%
18,531.68%
18,531.68%
1.57%
1.28%
0.33%
105.85%
81.01%
8.83%
2.80%
3.04%
174.69%
31.67%
5.00%
2.46%
2.05%
171.90%
49.17%
3.53%
2.18%
1.10%
158.12%
61.92%
8.25%
3.86%
4.49%
183.61%
46.81%
95.93%
0.00
9.29
0.02
95.15%
0.00
9.31
0.02
84.85%
0.00
9.29
0.14
94.21%
0.00
9.76
0.00
92.68%
0.00
10.00
0.00
34.34
11.71
67.62
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
-21.39
0.51
83
Financial Statement Analysis of Financial Sector
SINDH MICROFINANCE BANK
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2015
2016
765,213
750,000
3,042
12,171
0
2,430
0
0
0
2,430
767,643
10
355,844
400,000
0
0
0
0
0
2,524
9,265
776,290
750,000
5,535
20,755
1,384
3,019
0
0
1,139
1,880
780,693
517
581,438
100,000
0
69,351
0
694
68,657
7,400
22,681
796,929
750,000
9,880
37,049
2,470
4,507
0
0
1,373
3,134
803,906
1,005
423,921
0
0
341,807
0
3,418
338,389
9,013
31,578
833,108
750,000
17,496
65,612
4,374
165,971
0
76,523
77,769
11,679
1,003,453
13,416
255,910
0
100,000
589,666
2,405
6,564
583,102
14,345
36,680
38,502
0
38,502
0
38,502
0
15,096
15,096
23,404
15,213
60,809
0
60,809
694
60,115
16
39,390
39,390
20,741
12,461
119,668
5
119,663
3,195
116,468
10
85,525
85,525
30,954
21,725
207,309
5,014
202,295
4,597
197,697
0
145,735
114,938
51,962
38,084
75,000
0.00%
0.00%
8,673
0
75,000
0.00%
0.00%
(67,944)
0
75,000
0.00%
0.00%
(253,586)
0
75,000
0.00%
0.00%
(47,290)
0
100.00%
5.02%
1.99%
1.98%
0.00%
5.02%
0.00%
0.65
39.21%
100.00%
7.79%
1.61%
1.60%
0.00%
7.70%
0.00%
1.90
64.76%
2,461.88
0.17
100.00%
14.89%
2.73%
2.70%
0.00%
14.49%
0.00%
2.76
71.46%
8,552.50
0.29
97.58%
20.16%
4.57%
3.80%
0.00%
19.70%
2.42%
2.21
70.30%
74.54%
0.00%
8.79%
0.15%
0.39%
6,088.76%
6,088.76%
52.86%
0.00%
42.09%
0.17%
0.56%
24,894.90%
24,894.90%
26.84%
9.97%
58.11%
7.75%
16.54%
758.23%
382.18%
0.00%
1.00%
0.00%
100.00%
0.00%
1.00%
0.00%
93.48%
-
-
0.41%
1.11%
0.29%
70.03%
272.93%
99.68%
0.00
10.20
0.00
99.44%
0.00
10.35
0.00
99.13%
0.00
10.63
0.00
83.02%
0.00
11.11
0.09
0.57
-5.45
-11.67
-1.24
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
0.20
0.51
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 & deposit C5/(B2+B3)
46.36%
0.00%
0.00%
0.00%
0.32%
-
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
0.00%
-
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
84
Financial Statement Analysis of Financial Sector
TELENOR MICROFINANCE BANK
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
2,821,912
1,346,939
828,142
646,831
22,009
13,549,372
0
239,211
12,261,354
1,048,807
16,393,293
1,371,733
717,070
0
3,775,640
8,981,390
74,381
39,631
8,941,759
556,761
1,030,330
3,658,787
1,346,939
1,050,952
1,260,896
30,496
17,368,840
0
85,474
15,678,541
1,604,825
21,058,123
1,588,338
1,118,190
346,702
3,784,189
12,186,090
56,788
60,462
12,125,628
645,474
1,449,602
4,577,575
1,346,939
1,286,756
1,943,880
8,334
31,717,737
0
0
27,829,780
3,887,957
36,303,646
3,116,926
2,558,937
323,215
11,568,227
15,945,318
95,774
110,070
15,835,248
1,041,611
1,859,482
4,981,530
1,346,939
1,405,571
2,229,020
24,265
42,482,072
0
0
36,664,927
5,817,145
47,487,867
3,497,633
4,310,776
3,368,059
6,767,309
25,002,513
256,738
240,860
24,761,653
1,729,560
3,052,877
13,614,984
3,547,269
10,412,953
(345,238)
53,445
48,797,547
0
0
42,274,909
6,522,638
62,465,976
4,210,306
3,864,399
5,473,364
9,008,445
34,187,550
1,401,873
1,242,731
32,944,819
3,001,351
3,963,292
3,054,770
766,186
2,288,584
115,582
2,173,002
1,294,235
2,446,748
2,425,400
1,020,489
708,493
3,503,342
662,922
2,840,420
79,776
2,760,644
1,594,058
3,072,408
3,045,569
1,282,294
851,740
4,486,604
1,113,495
3,373,109
103,555
3,269,554
1,653,220
3,553,489
3,485,207
1,369,285
895,354
6,063,887
1,767,054
4,296,833
241,749
4,055,084
8,487,508
11,855,148
11,795,637
687,444
416,756
8,721,206
2,595,036
6,126,170
1,386,509
4,739,661
8,386,778
15,240,407
4,948,448
(2,113,968)
(2,515,738)
134,694
0.00%
0.00%
1,814,795
0
134,694
0.00%
0.00%
682,078
0
134,694
0.00%
0.00%
11,129,496
0
134,694
0.00%
0.00%
(1,954,717)
0
354,727
0.00%
0.00%
(7,095,671)
0
74.92%
13.96%
25.11%
4.32%
7.89%
13.26%
25.08%
2.38
56.26%
1.87
5.26
81.08%
13.49%
23.28%
4.04%
7.57%
13.11%
18.92%
2.38
60.27%
1.91
6.32
75.18%
9.29%
19.56%
2.47%
4.55%
9.01%
24.82%
2.55
57.88%
2.11
6.65
70.86%
9.05%
8.37%
0.88%
17.87%
8.54%
29.14%
17.16
81.47%
1.39
3.09
70.24%
9.81%
-18.48%
-4.03%
13.43%
7.59%
29.76%
-2.34
89.08%
0.59
-7.09
12.74%
23.03%
54.55%
74.79%
82.65%
73.25%
71.85%
12.85%
17.97%
57.58%
74.45%
82.48%
77.72%
77.30%
15.63%
31.87%
43.62%
76.66%
87.37%
57.30%
57.30%
16.44%
14.25%
52.14%
77.21%
89.46%
68.19%
68.19%
12.93%
14.42%
52.74%
67.68%
78.12%
80.87%
80.87%
0.83%
0.44%
2.64%
291.65%
53.28%
0.47%
0.50%
1.55%
131.94%
106.47%
0.60%
0.69%
2.09%
94.08%
114.93%
1.03%
0.96%
5.15%
100.37%
93.82%
4.10%
3.64%
10.30%
111.57%
88.65%
17.21%
0.00
20.95
4.35
17.37%
0.00
27.16
4.29
12.61%
0.00
33.98
6.08
10.49%
0.00
36.98
7.36
21.80%
0.00
38.38
3.11
2.56
0.80
12.43
-4.69
2.82
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
85
Financial Statement Analysis of Financial Sector
THE FIRST MICROFINANCE BANK LIMITED
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,188,546
1,351,501
63,974
(226,929)
48,593
9,437,591
28,328
289,880
8,749,901
369,482
10,674,730
484,308
747,842
0
4,273,049
4,479,999
37,104
63,308
4,416,691
205,717
547,123
1,478,899
1,351,501
126,317
1,081
65,507
10,642,931
0
645,576
9,661,088
336,267
12,187,337
622,106
1,045,644
0
4,029,765
5,639,743
89,091
114,131
5,525,612
382,967
581,243
3,151,958
2,730,811
189,569
231,578
678,546
13,047,727
0
297,820
12,237,466
512,441
16,878,231
840,523
2,111,977
0
4,627,558
8,273,926
58,873
90,698
8,183,228
496,359
618,586
3,792,879
2,730,811
326,723
735,345
712,670
21,435,139
0
0
20,887,192
547,947
25,940,688
1,204,886
2,638,550
0
5,934,139
14,554,966
95,284
160,298
14,394,668
724,983
1,043,462
4,884,044
2,730,811
675,629
1,477,604
619,283
32,121,953
0
0
31,129,077
992,876
37,625,280
2,186,701
6,036,912
0
2,807,140
23,857,102
214,267
302,658
23,554,444
1,187,584
1,852,499
1,655,588
590,199
1,065,389
109,972
955,417
124,301
979,539
976,722
100,179
109,411
1,972,947
595,485
1,377,462
72,822
1,304,640
132,472
1,052,103
1,050,301
385,009
311,715
2,480,263
580,886
1,899,377
15,612
1,883,765
170,561
1,565,782
1,559,937
488,544
316,259
3,719,299
856,648
2,862,651
91,586
2,771,065
302,185
2,065,998
2,061,717
1,007,252
685,772
6,047,176
1,682,653
4,364,523
250,988
4,113,535
509,209
3,112,150
3,112,150
1,510,594
1,000,070
135,150
0.00%
0.00%
(185,149)
0
135,150
0.00%
0.00%
316,614
0
273,081
0.00%
0.00%
(125,592)
0
273,081
0.00%
0.00%
2,217,887
0
273,081
0.00%
0.00%
1,546,005
0
64.35%
9.98%
9.21%
1.02%
1.16%
8.95%
35.65%
9.75
55.03%
7.86
0.81
69.82%
11.30%
21.08%
2.56%
1.09%
10.70%
30.18%
2.73
49.97%
7.93
2.31
76.58%
11.25%
10.03%
1.87%
1.01%
11.16%
23.42%
3.19
59.07%
9.15
1.16
76.97%
11.04%
18.08%
2.64%
1.16%
10.68%
23.03%
2.05
51.37%
6.82
2.51
72.17%
11.60%
20.48%
2.66%
1.35%
10.93%
27.83%
2.06
47.47%
6.11
3.66
11.54%
40.03%
41.38%
81.97%
88.41%
51.20%
49.56%
13.68%
33.07%
45.34%
79.27%
87.33%
58.38%
54.72%
17.49%
27.42%
48.48%
72.50%
77.31%
67.61%
66.01%
14.82%
22.88%
55.49%
80.52%
82.63%
69.68%
69.68%
21.86%
7.46%
62.60%
82.73%
85.37%
76.64%
76.64%
0.83%
1.41%
3.12%
173.71%
170.62%
1.58%
2.02%
6.02%
63.81%
128.11%
0.71%
1.10%
1.87%
17.21%
154.06%
0.65%
1.10%
2.51%
57.13%
168.23%
0.90%
1.27%
4.39%
82.93%
141.25%
11.13%
0.00
8.79
7.36
12.13%
0.00
10.94
6.53
18.67%
0.00
11.54
3.88
14.62%
0.00
13.89
5.51
12.98%
0.00
17.88
6.37
-1.69
1.02
-0.40
3.23
1.55
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
86
Financial Statement Analysis of Financial Sector
U MICROFINANCE BANK LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
967,566
1,185,714
2,042
(220,190)
(10,817)
875,260
16,369
0
702,579
156,312
1,832,009
74,143
452,986
0
517,956
346,493
267
2,365
344,128
220,570
222,226
1,074,765
1,285,714
4,049
(214,998)
(26,710)
1,222,867
7,125
0
1,065,316
150,426
2,270,922
136,676
555,408
0
180,483
919,381
4,230
6,480
912,901
222,413
263,041
1,147,117
1,285,714
22,137
(160,734)
(24,653)
9,469,250
17,649
1,000,000
8,109,924
341,677
10,591,714
470,734
2,391,207
0
1,130,131
5,576,802
25,633
48,381
5,528,421
303,027
768,194
1,404,742
1,285,714
86,879
32,149
(25,742)
16,251,887
54,322
3,069,487
11,971,358
1,156,720
17,630,887
772,154
2,586,898
0
1,786,375
10,648,713
48,443
94,355
10,554,358
465,355
1,465,747
2,789,517
2,285,714
178,915
324,888
18,986
31,983,074
80,298
6,010,000
20,534,770
5,358,006
34,791,577
1,457,387
11,027,311
0
1,967,824
17,225,244
217,926
205,406
17,019,838
754,500
2,564,717
144,578
16,533
128,045
2,046
125,999
136,281
398,915
398,322
(136,636)
(96,965)
236,598
53,890
182,708
4,957
177,751
320,954
468,786
468,366
29,919
8,030
1,051,487
428,308
623,179
44,490
578,689
318,981
802,097
801,942
95,573
72,353
2,644,950
1,152,285
1,492,665
86,252
1,406,413
458,099
1,448,588
1,446,737
415,924
258,966
4,365,933
1,676,143
2,689,790
259,713
2,430,076
640,482
2,270,266
2,267,866
800,292
547,057
118,571
0.00%
0.00%
64,301
52,385
128,571
0.00%
0.00%
(180,820)
12,199
128,571
0.00%
0.00%
2,258,472
77,924
128,571
0.00%
0.00%
(1,278,201)
113,866
228,571
0.00%
0.00%
1,886,771
70,586
88.56%
6.99%
-10.02%
-5.29%
7.44%
6.88%
11.44%
-2.92
142.03%
2.92
-0.82
77.22%
8.05%
0.75%
0.35%
14.13%
7.83%
22.78%
15.65
84.08%
1.46
0.06
59.27%
5.88%
6.31%
0.68%
3.01%
5.46%
40.73%
8.39
58.53%
2.51
0.56
56.43%
8.47%
18.44%
1.47%
2.60%
7.98%
43.57%
3.48
46.68%
3.16
2.01
61.61%
7.73%
19.61%
1.57%
1.84%
6.98%
38.39%
2.83
45.35%
3.54
2.39
28.77%
28.27%
18.78%
38.35%
47.78%
49.32%
49.32%
30.48%
7.95%
40.20%
46.91%
53.85%
86.30%
86.30%
27.02%
10.67%
52.20%
76.57%
89.40%
68.77%
61.22%
19.05%
10.13%
59.86%
67.90%
92.18%
88.95%
70.80%
35.88%
5.66%
48.92%
59.02%
91.93%
83.88%
64.89%
0.08%
0.68%
0.03%
86.51%
885.77%
0.46%
0.70%
0.39%
76.50%
153.19%
0.46%
0.87%
2.23%
91.96%
188.74%
0.45%
0.89%
3.45%
91.41%
194.78%
1.27%
1.19%
7.81%
126.44%
94.25%
52.81%
0.05
8.16
0.73
47.33%
0.01
8.36
0.99
10.83%
0.07
8.92
7.07
7.97%
0.08
10.93
8.52
8.02%
0.03
12.20
7.36
-0.66
-22.52
31.21
-4.94
3.45
D.Profit & loss account
1.Markup/interest earned
2.Markup/interest expensed
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.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
5.Commitments and contigencies
F.Efficiency ratios/profitability ratios
1.Spread (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 prov.) to total assets(D5/C)
7.Markup/interest expense to markup/interest income (D2/D1)
8.Admin. expense to profit before tax. (D8/D9) (times)
9.Non-markup/interest expense to total income D7/(D1+D6)
10.Admin. expense to non-markup/interest income (D8/D6) (times)
11.Earning per share (D10/E1)
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 & deposit C5/(B2+B3)
H.Assets quality ratios
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)
5.Provision against NPL to NPLs (C7/C6)
I.Capital /leverage ratios
1.Capital ratio (A/C)
2.Commitments & contingencies to total equity (E5/A) (times)
3.Break up value per share (A/E1)
4.Total deposit to total equity (B3/A) (times)
J.Cash flow ratio
1.Cash generated from opration activities to profit after tax (E4/D10) (times)
87
Financial Statements Analysis of Financial Sector
2018
Leasing Companies
Performance at a Glance
Asset base of Leasing Sector was decreased by 0.47 percent during the FY18 from Rs. 31.97 billion in
FY17 to Rs. 31.82 billion in FY18. The sector showed profit before taxation of Rs. 1.86 billion in FY18
as compared to Rs. 1.16 billion in FY17. Profit after taxation was recorded Rs. 1.43 billion in FY18 as
compared to Rs. 0.82 billion in FY17.
Shareholder's Equity
Analysis of Shareholders’ Equity
FY 17
Growth (RHS)
7.84
8
7
FY 18
63.41%
9
billion Rs
The shareholders’ equity (including others) of
leasing sector increased by 33.38 percent in FY18
from Rs. 5.88 billion in FY17 to Rs. 7.84 billion in
FY18. Share capital increased to Rs. 3.71 billion in
FY18 from Rs. 3.63 billion in FY17. Reserves
were increased by 63.41 percent in FY18 over
FY17 to stand at Rs. 4.04 billion in FY18 from Rs.
2.47 billion in FY17. Un-appropriate profit also
increased with 92.60 percent in FY18 when
compare with FY17.
60%
5.88
50%
6
5
70%
33.38%
4.04
3.63 3.71
4
40%
30%
2.47
3
20%
2
10%
1.96%
1
0
0%
Total Equity
including others
Analysis of Liabilities
Share Capital
Reserves
billion Rs
Total liabilities decreased from Rs. 26.09 billion in
FY17 to Rs. 23.98 billion in FY18 reflecting a
decrease of 8.09 percent or Rs. 2.11 billion. NonComposition of Total Liabilities
current liabilities comprise borrowings from
Non-Current Liabilities
Current Liabilities
financial and other institutions, deposit on finance
lease and other miscellaneous liabilities recorded a
14
YoY decrease of 13.46 percent in FY18. A
13.21
12.88
decrease of 14.31 percent has been observed in
12.84
13
borrowing from financial and other institutions in
FY18 and shows a decrease of Rs. 0.98 billion
12
from Rs. 6.87 billion in FY17 to Rs. 5.89 billion in
FY18. Deposit on finance lease decreased from Rs.
11.15
4.89 billion in FY17 to Rs. 4.03 billion in FY18,
11
showing a YoY decrease of 17.48 percent in FY18.
Current liabilities were recorded at Rs. 12.84
10
billion in FY18 and Rs. 13.21 billion in FY17
FY 17
FY 18
showing a decrease of 2.87 percent. Non-current
liaibilities and current liabilities constitute 46.48 percent and 53.52 percent shares respectively of overall
liabilities of the leasing sector during FY18.
88
Financial Statements Analysis of Financial Sector
2018
Analysis of Assets
Total assets of leasing sector downed to Rs. 31.82 billion in FY18 against Rs. 31.97 billion in FY17,
showing a decrease of 0.47 percent or Rs. 0.15 billion. Non-current assets constitute 50.53 percent share
of total assets in FY18, has decreased with YoY growth of 1.90 percent during FY18. Net investment in
finance lease recorded an increase of 0.91 percent in FY18. Fixed assets decreased by Rs. 0.14billion in
FY18 over FY17 while other/miscellaneous assets also decrease by 20.62 percent in FY18 over the
previous year.
Composition of Non Current Assets
25
20
billion Rs
15
10
FY 18
Growth (RHS)
10%
19.80 20.71
16.39
16.08
4.6%
-1.9%
5
1.851.71
0
-5
-10
NCA
NIFL
FA
5%
14
0%
12
-5%
-7.4%
-10%
-5.25 -6.33 -15%
MISC
-20.6%
Current Assets
FY 17
FY 18
18
15.58 15.74
16
billon Rs
FY 17
13.9514.30
10
8
6
4
-20%
2
-25%
0
1.63 1.45
Current Assets
Cash & Cash Eqv.
OCA
Current assets remained at Rs. 15.58 billion in FY17 were increased by 1.04 percent (Rs. 0.16 billion) to
reach Rs. 15.74 billion in FY18. Current assets constituted 49.47 percent share of total assets in FY18
which were 48.73 percent share of total assets in FY17. Cash and cash equivalents comprises 9.18
percent share of overall current assets in FY18, which were 10.46 percent in FY17, recorded YoY growth
of 11.33 percent in FY18.
Profitability and operating efficiency
The leasing sector deciphered the amount of Rs.
4.93 billion for total income/revenue during FY18.
However, the income from lease activities dipped
in FY18 as compared to FY 17, with an amount Rs.
3.21 billion in FY17 to Rs. 3.14 billion in FY18.
Income from investment also increased by 16.42
percent in FY18 over the previous year. However,
other income recorded an increase of 91.77 percent
or Rs. 0.55 billion in FY18. Administrative
expenses at Rs. 1.24 billion in FY17 increased to
Rs. 1.29 billion in FY18. Profit before & after
taxation were recorded as Rs. 1.86 billion and Rs.
1.43 billion respectively in FY18. Profitability
ratios showed mixed performance for the leasing
sector in the current year. Return on equity
increased from 14.21 percent in FY 17 to 18.54
Profitability Ratios
FY 17
FY 18
35%
30%
28.99%
25%
20%
18.54%
15%
10%
18.70%
9.78%
14.21%
5%
6.21%
0%
ROE
ROCE
4.49%
2.55%
ROA
ROR
89
Financial Statements Analysis of Financial Sector
2018
percent in FY18. Similarly, the returns on assets increased from 2.55 percent in FY18 to 4.99 percent in
current year. Return on Revenues (ROR) showed the rozy picture for leasing sector which moved from
18.70 percent in FY17 to 28.99 percent in the current year.
90
Financial Statement Analysis of Financial Sector
Leasing Companies - Overall
Items
A.Total equity (A1 to A3)
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
5,310,668
4,612,867
2,811,118
(2,113,317)
198,135
30,182,889
16,227,921
757,191
5,955,453
9,515,277
13,954,968
35,691,692
19,683,239
14,235,391
2,018,966
3,428,882
16,008,453
1,833
153,711
1,190,316
19,531
1,365,391
14,643,062
5,660,407
4,612,867
3,292,754
(2,245,214)
218,559
33,266,168
19,584,377
5,217,391
6,618,066
7,748,920
13,681,791
39,145,134
21,902,316
25,192,505
2,151,547
(5,441,736)
17,242,818
1,613
309,663
1,204,357
19,291
1,534,924
15,707,894
5,542,829
3,634,811
2,419,843
(511,825)
137,969
27,065,289
14,128,361
6,340,528
6,755,018
1,032,815
12,936,928
32,746,087
16,203,595
19,763,356
2,317,866
(5,877,627)
16,542,492
1,594
608,627
1,326,712
10,000
1,946,933
14,595,559
5,744,191
3,634,811
2,469,903
(360,523)
135,346
26,094,898
12,880,261
6,872,928
4,885,143
1,122,190
13,214,637
31,974,435
16,393,964
19,800,686
1,845,039
(5,251,761)
15,580,471
3,164
631,755
985,808
9,291
1,630,018
13,950,453
7,715,554
3,706,107
4,036,125
(26,678)
126,296
23,982,778
11,146,761
5,889,089
4,031,104
1,226,568
12,836,017
31,824,628
16,082,386
20,708,433
1,708,860
(6,334,907)
15,742,242
12,172
527,474
842,377
63,291
1,445,314
14,296,928
2,784,141
1,017,290
3,801,431
486,619
575,111
4,863,161
1,158,795
772,660
554,789
3,018,686
719,854
3,738,540
513,265
665,763
4,917,568
1,202,529
817,797
585,835
2,598,527
589,792
3,188,319
514,631
771,701
4,474,651
1,144,413
906,900
665,685
2,684,917
528,860
3,213,777
548,591
601,733
4,364,101
1,239,765
1,164,787
816,261
2,762,686
378,020
3,140,706
638,679
1,153,916
4,933,301
1,294,379
1,857,447
1,430,372
400,962
400,962
303,157
D.Profit & loss account
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)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
303,157
1,563,198
N/A
N/A
(446,963)
N/A
N/A
(1,168,730)
N/A
N/A
(1,192,567)
N/A
N/A
872,793
N/A
N/A
(1,340,832)
10.45%
3.55%
1.55%
11.41%
78.17%
2.09
1.38
10.35%
3.21%
1.50%
11.91%
76.02%
2.05
1.46
12.01%
4.58%
2.03%
14.88%
71.25%
1.72
2.20
14.21%
6.21%
2.55%
18.70%
73.64%
1.52
2.69
18.54%
9.78%
4.49%
28.99%
63.66%
0.90
0.92
3.83%
39.88%
1.15
0.85
3.92%
64.36%
1.26
0.85
5.95%
60.35%
1.28
0.83
5.10%
61.93%
1.18
0.82
4.54%
65.07%
1.23
0.75
14.88%
13.24
14.46%
14.12
16.93%
18.28
17.96%
18.95
24.24%
4.94
-0.81
-0.03
-1.99
-0.09
-1.79
-0.09
1.07
0.07
-0.94
-0.10
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
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)
7.Earning per share (D9/E1)
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
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
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)
91
Financial Statement Analysis of Financial Sector
Capital Assets Leasing Corporation Ltd.
Items
A.Total equity (A1 to A3)
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
134,156
107,444
25,036
1,676
0
54,692
21,929
0
0
21,929
32,763
188,848
111,574
0
89,785
21,789
77,274
22
522
0
9,531
10,075
67,199
148,150
107,444
27,835
12,871
0
64,426
25,182
0
0
25,182
39,244
212,576
113,317
0
86,541
26,776
99,259
13
235
0
9,291
9,539
89,720
168,034
107,444
31,812
28,778
0
97,721
44,613
0
0
44,613
53,108
265,755
196,882
0
175,277
21,605
68,873
19
245
0
0
264
68,609
189,070
107,444
36,019
45,607
0
164,818
109,809
0
0
109,809
55,009
353,888
153,513
0
131,593
21,920
200,375
735
0
0
9,291
10,026
190,349
222,863
107,444
42,777
72,642
0
184,509
117,205
0
0
117,205
67,304
407,372
294,578
0
268,819
25,759
112,794
726
0
0
9,291
10,017
102,777
0
34,828
34,828
0
651
35,479
8,462
20,762
13,130
0
34,038
34,038
0
1,352
35,390
8,904
21,231
13,994
0
51,260
51,260
0
1,381
52,641
9,294
32,309
19,884
0
52,507
52,507
0
0
52,507
12,166
31,819
21,036
0
64,460
64,460
0
0
64,460
8,234
40,760
33,794
10,744
0.00%
0.00%
(7,640)
10,744
0.00%
0.00%
2,466
10,744
0.00%
0.00%
77,993
10,744
0.00%
0.00%
(112,924)
10,744
0.00%
0.00%
117,513
9.79%
13.30%
6.95%
37.01%
98.17%
0.64
1.22
9.45%
12.25%
6.58%
39.54%
96.18%
0.64
1.30
11.83%
15.19%
7.48%
37.77%
97.38%
0.47
1.85
11.13%
10.65%
5.94%
40.06%
100.00%
0.58
1.96
15.16%
11.99%
8.30%
52.43%
100.00%
0.24
3.15
5.33%
0.00%
2.36
0.29
4.49%
0.00%
2.53
0.30
0.10%
0.00%
1.30
0.37
2.83%
0.00%
3.64
0.47
2.46%
0.00%
1.68
0.45
71.04%
12.49
69.69%
13.79
63.23%
15.64
53.43%
17.60
54.71%
20.74
-0.58
-0.23
0.18
0.06
3.92
1.47
-5.37
-2.05
3.48
1.75
D.Profit & loss account
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)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
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)
7.Earning per share (D9/E1)
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
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
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)
92
Financial Statement Analysis of Financial Sector
Grays Leasing Ltd.
Items
A.Total equity (A1 to A3)
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
75,140
215,000
59,236
(199,096)
0
148,693
140,927
0
125,927
15,000
7,766
223,833
219,993
217,617
2,111
265
3,840
13
1,846
0
0
1,859
1,981
75,248
215,000
59,256
(199,008)
0
159,213
23,860
0
22,667
1,193
135,353
234,461
45,732
43,913
1,756
63
188,729
17
11,449
0
0
11,466
177,263
74,626
215,000
59,256
(199,630)
0
173,407
28,253
0
26,883
1,370
145,154
248,033
56,976
54,320
2,126
530
191,057
14
4,231
0
0
4,245
186,812
73,768
215,000
59,257
(200,489)
0
194,717
40,446
0
39,022
1,424
154,271
268,485
80,584
78,572
1,732
280
187,901
869
2,160
0
0
3,029
184,872
69,363
215,000
59,257
(204,894)
0
202,723
40,975
0
39,224
1,751
161,748
272,086
85,128
83,635
1,431
62
186,958
274
4,021
0
0
4,295
182,663
9,544
0
9,544
0
702
10,246
11,210
(677)
(1,075)
10,667
0
10,667
0
319
10,986
12,038
(1,705)
102
9,712
0
9,712
0
510
10,222
11,431
176
(714)
10,069
0
10,069
0
841
10,910
11,215
(425)
(904)
9,403
0
9,403
0
490
9,893
11,988
(2,689)
(4,378)
21,500
0.00%
0.00%
(745)
21,500
0.00%
0.00%
(3,308)
21,500
0.00%
0.00%
1,404
21,500
0.00%
0.00%
(6,397)
21,500
0.00%
0.00%
(5,557)
-1.43%
-0.31%
-0.48%
-10.49%
93.15%
-10.43
-0.05
0.14%
-1.72%
0.04%
0.93%
97.10%
118.02
0.00
-0.96%
0.17%
-0.29%
-6.98%
95.01%
-16.01
-0.03
-1.23%
-0.37%
-0.34%
-8.29%
92.29%
-12.41
-0.04
-6.31%
-2.44%
-1.61%
-44.25%
95.05%
-2.74
-0.20
0.83%
97.22%
0.49
0.66
4.89%
18.73%
1.39
0.68
1.71%
21.90%
1.32
0.70
1.13%
29.26%
1.22
0.73
1.58%
30.74%
1.16
0.75
33.57%
3.49
32.09%
3.50
30.09%
3.47
27.48%
3.43
25.49%
3.23
0.69
-0.10
-32.43
-0.02
-1.97
0.01
7.08
-0.04
1.27
-0.03
D.Profit & loss account
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)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
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)
7.Earning per share (D9/E1)
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
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
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)
93
Financial Statement Analysis of Financial Sector
Orix Leasing Pakistan Ltd.
Items
A.Total equity (A1 to A3)
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
2,982,820
820,529
2,162,291
0
81,109
21,384,785
12,205,291
280,307
4,484,318
7,440,666
9,179,494
24,448,714
13,579,729
9,335,719
1,766,703
2,477,307
10,868,985
1,357
99,127
1,087,936
0
1,188,420
9,680,565
3,437,020
820,529
2,616,491
0
112,009
24,768,618
15,786,074
4,707,563
5,238,768
5,839,743
8,982,544
28,317,647
16,206,355
20,823,948
1,761,811
(6,379,404)
12,111,292
1,216
171,965
1,105,942
0
1,279,123
10,832,169
4,176,712
820,828
1,709,738
1,646,146
0
22,723,381
12,773,058
6,147,989
5,888,173
736,896
9,950,323
26,900,093
13,163,271
17,838,673
1,765,367
(6,440,769)
13,736,822
1,309
332,278
1,218,977
0
1,552,564
12,184,258
4,466,445
820,828
1,746,175
1,899,442
0
21,629,162
11,522,921
6,707,294
4,000,333
815,294
10,106,241
26,095,607
13,237,772
17,667,231
1,532,753
(5,962,212)
12,857,835
1,309
340,575
913,882
0
1,255,766
11,602,069
7,248,880
1,392,124
3,428,393
2,428,363
0
19,449,874
9,725,034
5,796,539
3,225,369
703,126
9,724,840
26,698,754
13,183,153
18,840,808
1,304,317
(6,961,972)
13,515,601
1,408
498,407
772,588
0
1,272,403
12,243,198
1,974,466
952,632
2,927,098
445,503
447,265
3,819,866
755,241
640,101
516,113
2,261,355
664,002
2,925,357
461,746
585,872
3,972,975
784,965
808,088
627,897
2,324,490
534,394
2,858,884
506,881
704,671
4,070,436
856,540
976,669
759,978
2,416,994
474,221
2,891,215
543,065
596,663
4,030,943
966,310
1,158,010
841,244
2,531,120
312,867
2,843,987
633,584
994,388
4,471,959
1,094,162
1,719,754
1,379,623
82,053
35.00%
0.00%
(560,501)
82,053
45.00%
0.00%
(1,770,671)
82,083
45.00%
0.00%
(1,535,641)
82,083
30.00%
0.00%
942,200
1,392,124
30.00%
0.20%
(1,254,704)
17.30%
4.19%
2.11%
13.51%
76.63%
1.46
6.29
18.27%
4.18%
2.22%
15.80%
73.63%
1.25
7.65
18.20%
5.76%
2.83%
18.67%
70.24%
1.13
9.26
18.83%
7.24%
3.22%
20.87%
71.73%
1.15
10.25
19.03%
10.13%
5.17%
30.85%
63.60%
0.79
0.99
4.86%
38.18%
1.18
0.87
4.52%
73.54%
1.35
0.87
5.77%
66.31%
1.38
0.84
4.81%
67.70%
1.27
0.83
4.77%
70.57%
1.39
0.73
12.20%
36.35
12.14%
41.89
15.53%
50.88
17.12%
54.41
27.15%
5.21
-1.09
-0.06
-2.82
-0.20
-2.02
-0.15
1.12
0.09
-0.91
-0.13
D.Profit & loss account
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)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
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)
7.Earning per share (D9/E1)
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
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
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)
94
Financial Statement Analysis of Financial Sector
Pak-Gulf Leasing Co. Ltd.
Items
A.Total equity (A1 to A3)
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
450,618
253,698
55,948
140,972
44,205
714,306
334,516
0
204,525
129,991
379,790
1,209,129
745,552
623,154
100,976
21,422
463,577
5
18,729
3,073
0
21,807
441,770
503,233
253,698
66,005
183,530
44,218
953,307
486,656
0
345,791
140,865
466,651
1,500,758
1,003,035
850,950
125,764
26,321
497,723
17
43,737
3,462
0
47,216
450,507
546,896
253,698
74,148
219,050
81,700
1,222,579
657,223
0
482,845
174,378
565,356
1,851,175
1,276,529
1,039,543
209,486
27,500
574,646
1
44,295
16,259
0
60,555
514,091
583,374
253,698
83,563
246,113
92,583
1,475,305
755,443
20,833
545,858
188,752
719,862
2,151,262
1,534,005
1,315,938
56,606
161,461
617,257
0
63,565
39,300
0
102,865
514,392
633,716
253,698
97,437
282,581
93,320
1,821,782
986,793
4,167
587,231
395,395
834,989
2,548,818
1,703,375
1,495,119
40,724
167,532
845,443
0
15,601
40,387
0
55,988
789,455
84,549
4,721
89,270
0
5,378
94,648
37,095
47,679
29,221
117,152
0
117,152
0
3,648
120,800
46,156
54,314
50,285
142,476
0
142,476
5,960
3,236
151,672
72,290
51,186
40,714
153,030
0
153,030
5,522
13,659
172,211
76,481
65,501
47,076
178,155
0
178,155
5,090
17,135
200,380
72,584
80,602
69,368
25,370
0.00%
0.00%
(117,996)
25,370
0.00%
0.00%
(59,713)
25,370
0.05%
0.00%
10,719
25,370
7.50%
0.00%
(123,264)
25,370
12.50%
0.00%
(182,134)
6.48%
5.75%
2.42%
30.87%
94.32%
1.27
1.15
9.99%
5.25%
3.35%
41.63%
96.98%
0.92
1.98
7.44%
3.98%
2.20%
26.84%
93.94%
1.78
1.60
8.07%
4.58%
2.19%
27.34%
88.86%
1.62
1.86
10.95%
4.70%
2.72%
34.62%
88.91%
1.05
2.73
1.80%
51.54%
1.22
0.59
3.15%
56.70%
1.07
0.64
3.27%
56.16%
1.02
0.66
4.78%
61.17%
0.86
0.69
2.20%
58.66%
1.01
0.71
37.27%
17.76
33.53%
19.84
29.54%
21.56
27.12%
22.99
24.86%
24.98
-4.04
-0.31
-1.19
-0.13
0.26
0.02
-2.62
-0.17
-2.63
-0.22
D.Profit & loss account
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)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
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)
7.Earning per share (D9/E1)
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
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
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)
95
Financial Statement Analysis of Financial Sector
SME Leasing Ltd.
Items
A.Total equity (A1 to A3)
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
188,445
320,000
48,466
(180,021)
2,029
467,910
72,553
0
65,972
6,581
395,357
658,384
224,628
154,887
10,466
59,275
433,756
90
5,430
3,209
0
8,729
425,027
170,270
320,000
48,466
(198,196)
3,103
393,869
58,533
0
53,041
5,492
335,336
567,242
120,025
91,803
9,298
18,924
447,217
89
3,026
4,283
0
7,398
439,819
156,955
320,000
48,466
(211,511)
0
346,812
204,737
0
199,584
5,153
142,075
503,767
421,607
342,510
8,648
70,449
82,160
79
2,441
0
0
2,520
79,640
133,250
320,000
48,466
(235,216)
0
344,394
177,555
0
170,644
6,911
166,839
477,644
361,068
289,283
6,500
65,285
116,576
88
1,815
0
0
1,903
114,673
111,682
320,000
48,466
(256,784)
0
397,318
188,291
0
179,200
9,091
209,027
509,000
344,622
273,330
5,076
66,216
164,378
88
6,042
0
0
6,130
158,248
34,870
0
34,870
14
11,336
46,220
37,945
(10,583)
(11,046)
27,700
0
27,700
0
189
27,889
38,378
(22,180)
(18,386)
32,531
0
32,531
1,790
3,094
37,415
38,111
(13,057)
(13,382)
26,671
0
26,671
4
687
27,362
40,548
(22,177)
(22,510)
31,160
0
31,160
5
286
31,451
43,642
(21,011)
(21,361)
32,000
0.00%
0.00%
(115,730)
32,000
0.00%
0.00%
26,536
32,000
0.00%
0.00%
16,425
32,000
0.00%
0.00%
(6,462)
32,000
0.00%
0.00%
(27,055)
-5.86%
-4.02%
-1.68%
-23.90%
75.44%
-3.44
-0.35
-10.80%
-9.56%
-3.24%
-65.93%
99.32%
-2.09
-0.57
-8.53%
-3.61%
-2.66%
-35.77%
86.95%
-2.85
-0.42
-16.89%
-7.14%
-4.71%
-82.27%
97.47%
-1.80
-0.70
-19.13%
-7.00%
-4.20%
-67.92%
99.07%
-2.04
-0.67
1.33%
23.53%
1.10
0.71
1.30%
16.18%
1.33
0.69
0.50%
67.99%
0.58
0.69
0.40%
60.56%
0.70
0.72
1.20%
53.70%
0.79
0.78
28.62%
5.89
30.02%
5.32
31.16%
4.90
27.90%
4.16
21.94%
3.49
10.48
-0.29
-1.44
0.08
-1.23
0.12
0.29
-0.04
1.27
-0.13
D.Profit & loss account
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)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
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)
7.Earning per share (D9/E1)
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
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
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)
96
Financial Statement Analysis of Financial Sector
Saudi Pak Leasing Co. Ltd.
Items
A.Total equity (A1 to A3)
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
(371,059)
979,813
177,928
(1,528,800)
33,356
1,560,205
103,854
15,278
7,330
81,246
1,456,351
1,222,502
84,510
17,737
21,636
45,137
1,137,992
102
23,450
38,722
0
62,274
1,075,718
(556,765)
979,813
177,928
(1,714,506)
25,764
1,544,668
74,155
0
3,750
70,405
1,470,513
1,013,667
115,032
8,752
64,673
41,607
898,635
88
3,335
88,407
0
91,830
806,805
(556,764)
979,813
177,928
(1,714,505)
25,764
1,544,668
74,155
0
3,750
70,405
1,470,513
1,013,668
115,033
8,752
64,673
41,608
898,635
88
3,335
88,407
0
91,830
806,805
(646,184)
979,813
177,928
(1,803,925)
15,864
1,356,514
0
0
0
0
1,356,514
726,194
67,465
0
32,119
35,346
658,729
79
8,308
29,557
0
37,944
620,785
(693,390)
979,813
177,928
(1,851,131)
10,631
1,385,478
0
0
0
0
1,385,478
702,719
54,211
0
21,541
32,670
648,508
9,645
94
29,402
0
39,141
609,367
47,128
2,678
49,806
0
158,009
207,815
58,627
4,859
7,218
16,195
2,556
18,751
0
42,134
60,885
59,868
(190,826)
(192,928)
16,195
2,556
18,751
0
42,134
60,885
59,868
(190,826)
(192,928)
5,760
2,132
7,892
0
5,535
13,427
43,232
(68,755)
(69,309)
9,052
693
9,745
0
2,238
11,983
39,433
(52,263)
(52,674)
45,160
0.00%
0.00%
163,326
45,160
0.00%
0.00%
34,965
45,160
0.00%
0.00%
34,965
45,160
0.00%
0.00%
(11,473)
45,160
0.00%
0.00%
(580)
D.Profit & loss account
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)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
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)
7.Earning per share (D9/E1)
-1.95%
-2.08%
0.59%
3.47%
23.97%
8.12
0.16
34.65%
41.77%
-19.03%
-316.87%
30.80%
-0.31
-4.27
34.65%
41.77%
-19.03%
-316.87%
30.80%
-0.31
-4.27
10.73%
10.91%
-9.54%
-516.19%
58.78%
-0.62
-1.53
7.60%
7.65%
-7.50%
-439.57%
81.32%
-0.75
-1.17
5.09%
1.45%
0.78
1.28
9.06%
0.86%
0.61
1.52
9.06%
0.86%
0.61
1.52
5.23%
0.00%
0.49
1.87
5.57%
0.00%
0.47
1.97
-30.35%
-8.22
-54.93%
-12.33
-54.93%
-12.33
-88.98%
-14.31
-98.67%
-15.35
22.63
0.11
-0.18
0.02
-0.18
0.02
0.17
-0.01
0.01
0.00
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
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
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)
97
Financial Statement Analysis of Financial Sector
Security Leasing Corporation Ltd.
Items
A.Total equity (A1 to A3)
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
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
124,905
438,028
181,867
(494,990)
37,436
756,609
48,145
15,773
30,107
2,265
708,464
918,950
404,172
62,292
15,652
326,228
514,778
9
3,554
33,000
10,000
46,563
468,215
103,044
438,028
181,867
(516,851)
33,465
727,133
302,007
272,328
29,679
0
425,126
863,642
506,457
65,908
93,423
347,126
357,185
18
27,402
0
10,000
37,420
319,765
124,594
438,028
181,867
(495,301)
29,699
660,808
217,631
192,539
25,092
0
443,177
815,101
504,806
46,734
82,189
375,883
310,295
39
10,578
0
10,000
20,617
289,678
92,692
438,028
181,867
(527,203)
26,093
634,075
145,396
144,801
595
0
488,679
752,860
491,066
16,838
73,636
400,592
261,794
39
4,108
0
0
4,147
257,647
122,440
438,028
181,867
(497,455)
22,345
541,094
88,463
88,383
80
0
452,631
685,879
417,319
15,541
66,952
334,826
268,560
31
3,309
0
54,000
57,340
211,220
26,911
4,020
30,931
0
(64,657)
(33,726)
78,600
(133,599)
(134,927)
9,186
4,241
13,427
0
4,123
17,550
79,895
(47,066)
(28,521)
2,596
1,582
4,178
0
7,101
11,279
38,991
(10,232)
15,378
1,866
0
1,866
0
(25,226)
(23,360)
31,925
(59,861)
(37,127)
3,796
0
3,796
0
139,379
143,175
24,336
92,294
26,000
36,300
0.00%
0.00%
107,327
36,300
0.00%
0.00%
(27,574)
36,300
0.00%
0.00%
14,216
36,300
0.00%
0.00%
3,761
36,300
0.00%
0.00%
11,685
-108.02%
-63.47%
-14.68%
400.07%
-91.71%
-0.58
-3.72
-27.68%
-10.73%
-3.30%
-162.51%
76.51%
-2.80
-0.79
12.34%
-2.75%
1.89%
136.34%
37.04%
2.54
0.42
-40.05%
-22.66%
-4.93%
158.93%
-7.99%
-0.86
-1.02
21.23%
39.57%
3.79%
18.16%
2.65%
0.94
0.72
5.07%
6.78%
0.73
0.82
4.33%
7.63%
0.84
0.84
2.53%
5.73%
0.70
0.81
0.55%
2.24%
0.54
0.84
8.36%
2.27%
0.59
0.79
13.59%
3.44
11.93%
2.84
15.29%
3.43
12.31%
2.55
17.85%
3.37
-0.80
0.15
0.97
-0.06
0.92
0.03
-0.10
0.01
0.45
0.03
D.Profit & loss account
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)
7.Administrative expenses
8.Profit/(loss) before taxation
9.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D9/A)
2.Return on capital employed (ROCE) (D8/(C-B2))
3.Return on assets (ROA) (D9/C)
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)
7.Earning per share (D9/E1)
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
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
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)
98
Financial Statements Analysis of Financial Sector
2018
Investment Banks
Performance at a Glance
Investment banks exhibited an expansion in their balance sheet size during the period under review. Total
assets increased by 8.36 percent to reach Rs 10.12 billion in FY18 from Rs 9.34 billion in FY17. Total
liabilities increased by 14.82 percent or Rs 0.83 billion in FY18 over FY17. Whereas, total shareholders’
equity (including others) posted a decline of 1.28 percent in FY18 when compared with FY17. During the
year profit before tax decreased by 126.17 percent with an amount of Rs 0.06 billion and profit after tax
increased by 113.11 percent or Rs 0.33 billion over the previous year.
Analysis of Shareholders’ Equity
Total Shareholders’ equity (including others) decreased to Rs 3.70 billion in FY18 from Rs 3.75 billion in
FY17 witnessing a YoY decrease of 1.28 percent. There were no increase in share capital during FY18, it
remained at Rs 7.32 billion during both years FY17 and FY18. An increase of 3.91 percent is observed in
reserves to reach at Rs -0.67 billion in FY18 from Rs -0.69 billion in FY17. Unappropriated losses
decreased to Rs –5.59 billion in FY18 from Rs -5.55 billion in FY17 showing YoY decline of 0.81
percent in current year over previous year. Others in shareholders’ equity is composed of surplus on
revaluation of fixed assets, surplus/deficit on revaluation of available for sale investments, equity portion
of subordinated loans form directors etc. were at Rs 2.67 billion in FY17, decreased with YoY growth of
1.13 percent to reach at Rs 2.64 billion in FY18.
Components of Balance Sheet
Growth(RHS)
14.82%
billion Rs
10
8
8.36%
6
4
2
-1.28%
0
Total Assets Total Liabilities Total Equity
(Inc. Others)
Current Liabilities
0.16
0.14
0.12
0.10
0.08
0.06
0.04
0.02
0.00
-0.02
-0.04
percent
12
FY18
percent
FY17
Share of liablities
1.00
0.90
0.80
0.70
0.60
0.50
0.40
0.30
0.20
0.10
0.00
Non-Current Liabilities
27.46%
24.09%
72.54%
75.91%
FY17
FY18
Analysis of Liabilities
The current liabilities during FY18 reached at Rs 4.87 billion in current year from Rs 4.05 billion in
previous year, which shows 20.16 percent YoY increase in current liabilities. Non-current liabilities also
increased and reached at Rs 1.55 billion in FY18 from Rs 1.53 billion in FY17 showing 0.72 percent YoY
growth in FY18. This shows that overall position of total liabilities of investment banks stood at Rs 6.42
billion in FY18, representing YoY growth of 14.82 percent during the period.
Analysis of Assets
Total assets increased from Rs 9.34 billion in FY17 to Rs 10.12 billion in FY18, Total current assets
which has 75.91 percent share of total assets in FY18, stood at Rs 4.69 billion in FY17 increased to Rs
5.57 billion in FY18, showing YoY increase in growth of 18.75 percent in current year. Cash and bank
balances stood at Rs 1.09 billion in FY18, reflected an increase of 0.80 billion in current year over FY17.
99
Financial Statements Analysis of Financial Sector
Components of Current Assets
FY18
0.08
2.00
0.06
4.50
0.04
4.00
0.02
1.50
0.00
1.00
0.50
-7.15%
-
billion Rs
5.40%
3.94%
Long Trem
Invt.
Growth(RHS)
3.00
279.59%
2.50
3.50
2.00
3.00
2.50
-0.02
2.00
-0.04
1.50
-0.06
1.00
1.50
1.00
0.50
0.50
-0.08
Fixed Assets
FY18
5.00
percent
billion Rs
2.50
FY17
Growth(RHS)
3.00
1.71%
-
Others
percent
Components of Non-Current Assets
FY17
2018
Cash & Bank Bal.
0.00
Others
Other current assets stood at Rs 4.48 billion in FY18, showed an increase of 1.71 percent over FY17.
Total non-current assets dropped to Rs 4.55 billion in FY18 with a decrease of 2.13 percent over FY17.
Fixed assets, long-term investments and other non-current assets contributed, 18.33 percent, 55.01percent
and 26.66 percent respectively shares at total non-current assets in FY18 and showed YoY growth of 3.94
percent, -7.15 percent and 5.40 percent respectively in FY18 over FY17.
Profitability and Operating Efficiency
In terms of profitability, FY18 witnessed a decrease in profits before tax and increase in profit after tax.
Profit before tax decreased from Rs 0.05 billion in FY17 to Rs -0.01 billion in FY18 witnessing a decline
of 126.17 percent in current year over the previous year. Profit after tax which was -0.29 billion in FY17
swallowed to Rs 0.04 billion registered a YoY increase of 113.11 percent.
Profit and Loss Accounts
FY17 FY18
0.40
Profitability Ratios
FY17 FY18
1
0.8
0.30
0.6
ROR
-3.11%
0.38%
ROA
-0.2
11.21%
-0.25%
ROCE
0
3.59% 0.95%
ROE
percent
0.2
-0.4 -26.95%
billion Rs
0.20
0.4
0.10
0.00
-0.10
-0.6
-0.20
-0.8
-0.30
-1
-97.65%
Gross
revenue
Operating
profit
Profit/(loss) Profit/(loss)
before
after taxation
taxation
-0.40
Return on equity (ROE), which was -26.95 percent in FY17 increased to 3.59 percent in FY18. Return on
capital employed (ROCE), witnessed decrease to -0.25 percent in FY18 from 0.95 percent in FY17.
Return on assets (ROA) and Return on Revenue (ROR) increased and stood at 0.38 percent and 11.21
percent in FY18 from -3.11 percent and -97.65 percent in FY17 respectively.
100
Financial Statement Analysis of Financial Sector
Investment Banks - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
(260,669)
(328,578)
426,094
1,079,161
1,061,381
8,950,959
7,321,887
7,321,887
8,809,385
8,950,959
(849,331)
(854,778)
(609,167)
(694,201)
(667,028)
(8,220,723)
(8,424,759)
(7,915,698)
(5,548,525)
(5,593,478)
689,084
670,066
3,710,284
2,671,491
2,641,347
10,515,132
10,121,712
6,679,418
5,588,530
6,416,980
7,188,761
6,493,632
5,341,756
4,054,026
4,871,426
2.Non-current liabilities
3,326,371
3,628,080
1,337,662
1,534,504
1,545,554
C.Total assets (C1+C2)
10,943,546
10,463,200
10,815,796
9,339,182
10,119,708
1.Current assets (a + b)
6,832,848
5,360,468
5,314,974
4,689,481
5,568,914
233,487
300,789
314,494
287,681
1,092,007
6,599,361
5,059,679
5,000,480
4,401,800
4,476,907
4,110,698
5,102,732
5,500,822
4,649,701
4,550,794
1,731,111
1,265,993
1,003,290
802,538
834,173
997,772
783,350
2,879,754
2,696,293
2,503,564
1,381,815
3,053,389
1,617,778
1,150,870
1,213,057
1.Gross revenue
675,004
663,841
574,856
297,767
340,116
2.Administartive & operating expenses
546,639
532,436
489,914
302,527
437,533
3.Operating profit
128,365
131,405
84,942
(4,760)
(97,417)
4.Finance cost
190,190
54,576
43,576
58,091
61,742
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
5.Profit/(loss) before taxation
(166,124)
31,952
58,462
50,044
(13,095)
6.Profit/(loss) after taxation
(188,900)
(186,022)
505,280
(290,781)
38,127
880,940
895,097
895,096
732,189
732,189
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
N/A
N/A
N/A
N/A
N/A
3.Stock dividend/bonus shares
N/A
N/A
N/A
N/A
N/A
(420,991)
(983,409)
236,164
(339,432)
(361,801)
1.Return on equity (ROE) (D6/A)
72.47%
56.61%
118.58%
-26.95%
3.59%
2.Return on capital employed (ROCE) (D5/(C-B1))
-4.42%
0.80%
1.07%
0.95%
-0.25%
3.Return on assets (ROA) (D6/C)
-1.73%
-1.78%
4.67%
-3.11%
0.38%
-27.99%
-28.02%
87.90%
-97.65%
11.21%
-289.38%
-286.22%
96.96%
-104.04%
1,147.57%
-0.21
-0.21
0.56
-0.40
0.05
1.Current assets to current liabilities (C1/B1) (times)
0.95
0.83
0.99
1.16
1.14
2.Total liabilities to total assets (B/C) (times)
0.96
0.97
0.62
0.60
0.63
9.12%
7.49%
26.63%
28.87%
24.74%
-2.38%
-3.14%
3.94%
11.56%
10.49%
-0.30
-0.37
0.48
1.47
1.45
5.21
-1.27
-0.67
1.24
-11.04
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
101
Financial Statement Analysis of Financial Sector
Escorts Investment Bank Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
223,814
188,885
351,598
233,418
80,058
1.Share capital
441,000
441,000
441,000
441,000
441,000
2.Reserves
158,497
158,497
158,497
158,497
158,497
(375,683)
(410,612)
(247,899)
(366,079)
(519,439)
Items
A.Total equity (A1 to A3)
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
26,818
26,826
21,473
20,695
19,942
1,498,996
1,332,129
879,911
733,835
1,419,940
1,104,230
1,042,013
599,375
218,182
769,000
394,766
290,116
280,536
515,653
650,940
C.Total assets (C1+C2)
1,749,628
1,547,840
1,252,982
987,948
1,519,940
1.Current assets (a + b)
1,298,298
1,063,817
485,045
404,282
1,221,108
2.Non-current liabilities
53,225
29,359
4,010
8,143
756,000
1,245,073
1,034,458
481,035
396,139
465,108
451,330
484,023
767,937
583,666
298,832
a.Fixed assets
114,259
106,882
96,045
85,892
102,898
b.Long-term investments
149,409
149,352
275,780
175,004
216
c.Other non-current assets
187,662
227,789
396,112
322,770
195,718
1.Gross revenue
190,833
217,988
100,169
35,565
31,809
2.Administartive & operating expenses
117,899
134,989
105,026
61,514
206,529
72,934
82,999
(4,857)
(25,949)
(174,720)
4,371
144
30
52
5.Profit/(loss) before taxation
(40,213)
(61,604)
(123,213)
(94,333)
(233,161)
6.Profit/(loss) after taxation
(45,978)
(36,654)
(127,769)
(119,269)
(154,409)
1.No. of ordinary shares (000)
44,100
44,100
44,100
44,100
44,100
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
65,486
416
(22,872)
(194,758)
(228,993)
-20.54%
-19.41%
-36.34%
-51.10%
-192.87%
2.Return on capital employed (ROCE) (D5/(C-B1))
-6.23%
-12.18%
-18.85%
-12.25%
-31.05%
3.Return on assets (ROA) (D6/C)
-2.63%
-2.37%
-10.20%
-12.07%
-10.16%
-24.09%
-16.81%
-127.55%
-335.35%
-485.43%
-256.42%
-368.28%
-82.20%
-51.58%
-133.75%
-1.04
-0.83
-2.90
-2.70
-3.50
1.Current assets to current liabilities (C1/B1) (times)
1.18
1.02
0.81
1.85
1.59
2.Total liabilities to total assets (B/C) (times)
0.86
0.86
0.70
0.74
0.93
8.54%
9.65%
22.01%
17.71%
0.01%
12.79%
12.20%
28.06%
23.63%
5.27%
5.08
4.28
7.97
5.29
1.82
-1.42
-0.01
0.18
1.63
1.48
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
D.Profit & loss account
3.Operating profit
4.Finance cost
113
E.Other items
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
102
Financial Statement Analysis of Financial Sector
First Credit and Investment Bank
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
649,417
672,776
716,955
723,948
733,093
1.Share capital
650,000
650,000
650,000
650,000
650,000
2.Reserves
117,942
122,546
131,318
132,745
134,583
(118,525)
(99,770)
(64,363)
(58,797)
(51,490)
(10,384)
(10,372)
(10,524)
(8,021)
(10,843)
98,521
30,214
305,817
439,381
605,113
90,353
26,288
111,099
245,740
477,349
Items
A.Total equity (A1 to A3)
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
8,168
3,926
194,718
193,641
127,764
C.Total assets (C1+C2)
737,554
692,618
1,012,248
1,155,308
1,327,363
1.Current assets (a + b)
182,852
360,288
801,906
882,614
855,967
2.Non-current liabilities
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
382
8,880
16,276
219,306
209,076
182,470
351,408
785,630
663,308
646,891
554,702
332,330
210,342
272,694
471,396
6,599
6,077
3,393
2,742
5,856
b.Long-term investments
413,544
199,526
85,853
70,946
39,978
c.Other non-current assets
134,559
126,727
121,096
199,006
425,562
1.Gross revenue
60,453
81,247
99,018
79,945
102,649
2.Administartive & operating expenses
42,455
43,973
43,214
46,552
41,157
3.Operating profit
17,998
37,274
55,804
33,393
61,492
4.Finance cost
12,402
9,723
3,153
25,851
44,924
5.Profit/(loss) before taxation
4,023
28,665
65,203
11,720
15,802
6.Profit/(loss) after taxation
1,394
23,016
43,864
7,132
9,190
1.No. of ordinary shares (000)
65,000
65,000
65,000
65,000
65,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
6,458
47,623
(44,126)
76,539
51,587
1.Return on equity (ROE) (D6/A)
0.21%
3.42%
6.12%
0.99%
1.25%
2.Return on capital employed (ROCE) (D5/(C-B1))
0.62%
4.30%
7.24%
1.29%
1.86%
3.Return on assets (ROA) (D6/C)
0.19%
3.32%
4.33%
0.62%
0.69%
4.Return on revenue (ROR) (D6/D1)
2.31%
28.33%
44.30%
8.92%
8.95%
3,045.55%
191.05%
98.52%
652.72%
447.85%
0.02
0.35
0.67
0.11
0.14
1.Current assets to current liabilities (C1/B1) (times)
2.02
13.71
7.22
3.59
1.79
2.Total liabilities to total assets (B/C) (times)
0.13
0.04
0.30
0.38
0.46
56.07%
28.81%
8.48%
6.14%
3.01%
88.05%
97.14%
70.83%
62.66%
55.23%
9.99
10.35
11.03
11.14
11.28
4.63
2.07
-1.01
10.73
5.61
a.Fixed assets
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
103
Financial Statement Analysis of Financial Sector
First Dawood Investment Bank Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
62,583
185,325
685,594
400,955
502,581
1,342,326
1,483,900
1,483,900
1,483,900
1,483,900
333,745
335,047
435,100
435,100
455,426
(1,613,488)
(1,633,622)
(1,233,406)
(1,518,045)
(1,436,745)
(6,983)
(3,298)
(9,531)
8,498
(4,602)
947,291
783,832
667,597
649,155
532,628
947,272
783,813
667,597
523,415
463,488
19
19
0
125,740
69,140
1,002,891
965,859
1,343,660
1,058,608
1,030,607
534,388
481,637
393,083
441,293
397,437
25,979
49,162
6,102
4,084
90,515
508,409
432,475
386,981
437,209
306,922
468,503
484,222
950,577
617,315
633,170
5,524
2,289
2,530
1,714
1,223
b.Long-term investments
188,083
187,478
201,431
230,250
214,719
c.Other non-current assets
274,896
294,455
746,616
385,351
417,228
1.Gross revenue
27,825
45,901
35,122
31,877
16,236
2.Administartive & operating expenses
66,023
41,845
41,056
39,216
37,463
(5,934)
(7,339)
(21,227)
a.Fixed assets
D.Profit & loss account
3.Operating profit
4.Finance cost
(38,198)
4,056
49,476
45,528
19,443
8
3
5.Profit/(loss) before taxation
(140,907)
6,780
22,471
11,721
103,475
6.Profit/(loss) after taxation
(140,945)
6,509
500,269
(284,639)
101,626
E.Other items
134,233
148,390
148,390
148,390
148,390
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(26,315)
49,550
(6,843)
(11,305)
20,036
1.Return on equity (ROE) (D6/A)
-225.21%
3.51%
72.97%
-70.99%
20.22%
2.Return on capital employed (ROCE) (D5/(C-B1))
-253.34%
3.72%
3.32%
2.19%
18.25%
-14.05%
0.67%
37.23%
-26.89%
9.86%
-506.54%
14.18%
1,424.38%
-892.93%
625.93%
-46.84%
642.88%
8.21%
-13.78%
36.86%
-1.05
0.04
3.37
-1.92
0.68
1.Current assets to current liabilities (C1/B1) (times)
0.56
0.61
0.59
0.84
0.86
2.Total liabilities to total assets (B/C) (times)
0.94
0.81
0.50
0.61
0.52
18.75%
19.41%
14.99%
21.75%
20.83%
6.24%
19.19%
51.02%
37.88%
48.77%
0.47
1.25
4.62
2.70
3.39
0.19
7.61
-0.01
0.04
0.20
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
104
Financial Statement Analysis of Financial Sector
Invest Capital Investment Bank Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
2014
2015
2016
170,068
176,224
236,868
2018
(Thousand Rupees)
2017
2018
227,469
235,288
2,848,669
2,848,669
2,848,669
2,848,669
2,848,669
(2,022,076)
(2,022,076)
(1,900,433)
(1,900,432)
(1,898,868)
(656,525)
(650,369)
(711,368)
(720,768)
(714,513)
11,908
7,005
6,673
12,125
13,098
1,170,678
1,029,605
874,559
831,203
790,925
909,404
838,702
512,331
470,874
614,908
261,274
190,903
362,228
360,329
176,017
1,352,653
1,212,834
1,118,100
1,070,797
1,039,311
757,826
667,004
587,107
518,150
514,170
10,933
2,027
3,219
14,714
10,161
746,893
664,977
583,888
503,436
504,009
594,827
545,830
530,993
552,647
525,141
70,495
153,987
147,147
135,471
116,783
b.Long-term investments
109,323
162,016
167,304
212,160
254,872
c.Other non-current assets
415,009
229,827
216,542
205,016
153,486
1.Gross revenue
76,157
64,351
58,775
35,400
59,222
2.Administartive & operating expenses
51,782
38,323
30,998
33,192
31,521
3.Operating profit
24,375
26,028
27,777
2,208
27,701
4.Finance cost
24,654
(8,768)
16,092
28,510
7,501
100,566
6,844
39,191
(9,205)
8,424
98,725
6,155
40,257
(9,400)
7,819
a.Fixed assets
D.Profit & loss account
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
284,867
284,867
284,867
284,867
284,867
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
93,260
114,799
17,903
42,460
65,603
1.No. of ordinary shares (000)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
58.05%
3.49%
17.00%
-4.13%
3.32%
2.Return on capital employed (ROCE) (D5/(C-B1))
22.69%
1.83%
6.47%
-1.53%
1.98%
7.30%
0.51%
3.60%
-0.88%
0.75%
129.63%
9.56%
68.49%
-26.55%
13.20%
52.45%
622.63%
77.00%
-353.11%
403.13%
0.35
0.02
0.14
-0.03
0.03
1.Current assets to current liabilities (C1/B1) (times)
0.83
0.80
1.15
1.10
0.84
2.Total liabilities to total assets (B/C) (times)
0.87
0.85
0.78
0.78
0.76
8.08%
13.36%
14.96%
19.81%
24.52%
12.57%
14.53%
21.18%
21.24%
22.64%
0.60
0.62
0.83
0.80
0.83
0.94
18.65
0.44
-4.52
8.39
3.Return on assets (ROA) (D6/C)
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
105
Financial Statement Analysis of Financial Sector
Security Investment Bank Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
517,324
514,014
522,821
579,360
596,350
1.Share capital
514,336
514,336
514,336
514,336
514,336
2.Reserves
145,543
145,543
147,316
159,452
162,897
(142,555)
(145,865)
(138,831)
(94,428)
(80,883)
Items
A.Total equity (A1 to A3)
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
76,924
18,407
3,965
29,680
(787)
38,417
(95)
36,236
72,594
206,012
29,680
38,417
36,236
72,594
23,460
0
0
0
0
182,552
C.Total assets (C1+C2)
546,217
552,336
635,981
670,361
806,327
1.Current assets (a + b)
485,356
511,784
471,464
593,570
730,660
2.Non-current liabilities
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
54,904
12,086
21,421
34,842
19,663
430,452
499,698
450,043
558,728
710,997
60,861
40,552
164,517
76,791
75,667
1,062
11,569
16,449
16,843
47,537
b.Long-term investments
26,182
2,979
112,186
35,906
21,752
c.Other non-current assets
33,617
26,004
35,882
24,042
6,378
1.Gross revenue
74,176
38,994
52,138
58,272
73,492
2.Administartive & operating expenses
36,259
39,019
39,593
32,251
31,061
3.Operating profit
37,917
(25)
12,545
26,021
42,431
4.Finance cost
23,381
1,747
1,245
3,123
8,693
5.Profit/(loss) before taxation
14,537
1,772
11,301
71,513
33,737
6.Profit/(loss) after taxation
12,206
(4,311)
8,808
58,484
16,990
1.No. of ordinary shares (000)
51,434
51,434
51,434
51,434
51,434
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(350,259)
(51,817)
(65,593)
(60,070)
(114,557)
1.Return on equity (ROE) (D6/A)
2.36%
-0.84%
1.68%
10.09%
2.85%
2.Return on capital employed (ROCE) (D5/(C-B1))
2.81%
0.34%
1.88%
11.96%
4.31%
3.Return on assets (ROA) (D6/C)
2.23%
-0.78%
1.38%
8.72%
2.11%
16.46%
-11.06%
16.89%
100.36%
23.12%
297.06%
-905.10%
449.51%
55.14%
182.82%
0.24
-0.08
0.17
1.14
0.33
16.35
13.32
13.01
8.18
31.14
0.05
0.07
0.06
0.11
0.26
4.79%
0.54%
17.64%
5.36%
2.70%
94.71%
93.06%
82.21%
86.43%
73.96%
10.06
9.99
10.16
11.26
11.59
12.02
-7.45
-1.03
-6.74
a.Fixed assets
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Return on revenue (ROR) (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
-28.70
106
Financial Statement Analysis of Financial Sector
Trust Investment Bank Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
(1,614,800)
(1,602,027)
(1,643,538)
(1,085,989)
(1,085,989)
1.Share capital
892,029
892,029
892,029
1,383,982
1,383,982
2.Reserves
301,828
286,974
300,344
320,437
320,437
(2,808,657)
(2,781,030)
(2,835,911)
(2,790,408)
(2,790,408)
Items
A.Total equity (A1 to A3)
3.Unappropriated profit/loss
18,512
0
2,974,065
2,619,787
2,619,787
5,757,416
6,056,614
3,024,843
2,862,362
2,862,362
1.Current liabilities
3,380,272
3,166,498
2,760,663
2,523,221
2,523,221
4.Others
B.Total liabilities (B1 + B2)
2.Non-current liabilities
2,377,144
2,890,116
264,180
339,141
339,141
C.Total assets (C1+C2)
4,161,128
4,454,587
4,355,370
4,396,160
4,396,160
1.Current assets (a + b)
2,623,799
1,434,872
1,675,867
1,849,572
1,849,572
12,399
6,484
17,615
6,592
6,592
2,611,400
1,428,388
1,658,252
1,842,980
1,842,980
1,537,329
3,019,715
2,679,503
2,546,588
2,546,588
1,494,427
942,462
694,991
559,876
559,876
33,193
20,863
1,974,860
1,972,027
1,972,027
9,709
2,056,390
9,652
14,685
14,685
115,618
42,937
75,179
56,708
56,708
2.Administartive & operating expenses
94,483
76,712
76,848
89,802
89,802
3.Operating profit
21,135
(33,775)
(1,669)
(33,094)
(33,094)
4.Finance cost
13,444
2,960
2,677
569
569
5.Profit/(loss) before taxation
6,252
14,796
20,473
58,628
58,628
6.Profit/(loss) after taxation
4,820
13,963
20,280
56,911
56,911
1.No. of ordinary shares (000)
89,203
89,203
89,203
138,398
138,398
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(128,677)
(16,280)
(287,197)
(214,667)
(214,667)
-0.30%
-0.87%
-1.23%
-5.24%
-5.24%
2.Return on capital employed (ROCE) (D5/(C-B1))
0.80%
1.15%
1.28%
3.13%
3.13%
3.Return on assets (ROA) (D6/C)
0.12%
0.31%
0.47%
1.29%
1.29%
4.Return on revenue (ROR) (D6/D1)
4.17%
32.52%
26.98%
100.36%
100.36%
1,960.23%
549.39%
378.93%
157.79%
157.79%
0.05
0.16
0.23
0.41
0.41
1.Current assets to current liabilities (C1/B1) (times)
0.78
0.45
0.61
0.73
0.73
2.Total liabilities to total assets (B/C) (times)
1.38
1.36
0.69
0.65
0.65
0.80%
0.47%
45.34%
44.86%
44.86%
-38.81%
-35.96%
-37.74%
-24.70%
-24.70%
-18.10
-17.96
-18.42
-7.85
-7.85
-26.70
-1.17
-14.16
-3.77
-3.77
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
1.Gross revenue
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
5.Operating expenses to net income (D2/D6)
6.Earning per share (D6/E1)
G.Liquidity ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
107
Financial Statement Analysis of Financial Sector 2018
Mutual Funds (Close Ended)
Components of Balance Sheet
25
20%
5.92%
Performance at a Glance
20
-10%
-13.95%
Balance sheet size of Mutual Funds (close
15
ended) shrinked by Rs. 3.15 billion, showing
an YoY decline of 13.41 percent in total
10
assets during FY18 over FY17. Total assets
5
decreased from Rs. 23.53 billion in FY17 to
Rs. 20.38 billion in FY18. Total equity
0
Total
(including others) decreased by 13.95
Equity
Total
percent during FY18 when compared to
including Liabilities
other
FY17. Total liabilities of Mutual Funds
FY 17
22.88
0.65
increased by 5.92 percent in FY18 as
FY
18
19.69
0.69
compared to FY17. Gross income also
Growth(RHS)
-13.95%
5.92%
declined with Rs. 4.64 billion in FY18, so
net income also declined by Rs. 4.51 billion in FY18 when compared with FY17.
billion Rs
-13.41% -40%
Analysis of Shareholder’s Equity
billion Rs
9
8
7
6
5
4
3
2
1
0
FY 17
FY 18
Growth
Total
Assets
23.53
20.38
-13.41%
0.00%
-8.68%
0.00%
20%
-10%
-40%
-60.40%
Certi
ficate
capit
al
Reser
ves
6.49
6.49
0.00%
3.98
3.98
0.00%
Unap
propr
iated
profit
/loss
4.09
1.62
-60.40%
-70%
-100%
Other
s
8.33
7.61
-8.68%
Major Components of Assets
FY 17
FY 18
25.00
22.21
18.92
20.00
billion Rs
Total assets reached at Rs. 20.38 billion in
FY18 from Rs. 23.53 billion in FY17,
showing YoY decline of 13.41 percent during
FY18. It is to be noted that investment
contributed 92.88 percent share in FY18 and
94.40 percent share in FY17 of total assets of
the closed ended mutual funds also declined
by 14.81 percent in FY18, as constitute Rs.
18.92 billion in FY18 and Rs. 22.21 billion in
FY17. Cash and bank balances showed a
growth of 8.58 percent or Rs. 0.09 billion in
FY18 to reach at Rs. 1.16 billion from Rs.
1.06 billion in FY17.
-100%
Components of Shareholder's Equity
Total equity (including others) reached at Rs.
19.69 billion in FY18 from Rs. 22.88 billion
in FY17. The reserves during FY18 remains
the same as in FY17. The un-appropraite
profit showed 60.40 percent decline to touch
Rs. 1.62 billion in FY18 from Rs. 4.09 billion
in FY17 and due to which overall equity
decreased. The certificate capital remains the
same during FY18 as in FY17. Other part of
equity which constitute mostly revaluation of
shares/equity also indicated that 8.68 percent
YOY decline in FY18 when compared with
FY17.
Analysis of Major components of Assets
-70%
15.00
10.00
5.00
1.06 1.16
0.25 0.30
0.00
Cash & Bank Bal.Investments
others
108
Financial Statement Analysis of Financial Sector 2018
Analysis of Profitability
Major Components of Expe nses
Billion Rs.
On revenue side, total income decreased from
0.47
0.50
Rs. 4.06 billion in FY17 to Rs. (-0.57) billion
0.42
0.45
in FY18, registering a YoY decrease of 114.15
0.40
percent or Rs. 4.64 billion. The major
0.35
0.30
components of income are dividend income,
0.25
capital gain and gain on unrealized
0.17
0.20
investments. Dividend income which was Rs.
0.14
0.15
0.82 billion in FY17 increased to Rs. 1.09
0.06
0.10
billion in FY18, showing an increase of 32.28
0.05
0.00019
percent in FY18 as compare to FY17.
0.00
FY 17
FY 18
mutual funds (close-ended) companies, which
earned Rs. 1.55 billion and Rs. 1.41 billion an
Management Co. Fee
Admin. & General Expenses
account of unrealized gains and capital gain
Others
respectively during FY17. These accounts
showed respective losses of Rs. 0.66 billion and Rs. 1.11 billion during FY18. However,
interest/mark up income increased to Rs. 0.10 billion in FY18 from Rs. 0.05 billion in FY17,
showing an increament of 129.49 percent during FY18 but the other income showed a decrease of
155.44 percent during FY18 when compare with FY17. Total expenses during FY18 also
decreased from Rs. 0.70 billion in FY17 to Rs. 0.56 billion in FY18, showing 18.84 percent
decrease in FY18. Remuneration to management co-advisor constituting 67.29 percent share in
FY17 and 74.61 percent share in FY18 of gross expenses increased with YoY growth of 10.01
Major Sources of Income
Profitability/Efficiency Ratios
billion Rs
FY 17
5
4
3
2
1
(1)
(2)
(3)
129.49%
32.28%
-114.15%
-155.44%
Interes Divide
Total
Other
t
nd
Incom
Incom
Incom Incom
e
e
e
e
FY 17
4.06
0.05
0.82
3.19
FY 18
(0.57) 0.10
1.09 (1.77)
Growth(RHS)-114.15%129.49%32.28%-155.44%
150%
100%
50%
0%
-50%
-100%
-150%
-200%
FY 18
300%
198.15%
250%
200%
150%
72.03%
100%
82.88%
64.99%
-5.59%
50%
14.30%
0%
ROR
ROA
MER
percent in FY18. Administrative general expenses which shared 25.35 percent of total expenses in
FY18 decreased with 13.36 percent during FY18. Return on assets (ROA) decreased in FY18 to
5.59 percent from 14.30 percent in FY17. Return on revenue (ROR) also increased from 82.88
percent in FY17 to 198.15 percent in FY18. Net income of the year which was Rs. 3.37 billion in
FY17 reached to a loss of Rs. 1.14 billion in FY18, showing a 133.84 percent YoY decline in
FY18.
109
Financial Statement Analysis of Financial Sector
Mutual Fund Companies - Overall
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
15,148,996
12,524,093
13,153,483
14,552,885
12,083,652
1.Certificate holders equity
8,067,492
7,486,742
7,436,742
6,486,742
6,486,742
2.Reserves
3,977,913
3,977,913
3,977,913
3,977,913
3,977,913
3.Unappropriated profit/loss
3,103,591
1,059,438
1,738,828
4,088,230
1,618,997
4.Others
6,803,156
6,786,592
6,681,481
8,330,779
7,607,296
1,216,336
703,170
774,027
647,323
685,649
46,286
52,437
46,829
52,057
45,849
Items
A.Total equity (A1 to A3)
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
1,170,050
650,733
727,198
595,266
639,800
C.Total assets (C1 to C3)
23,168,488
20,013,855
20,608,991
23,530,987
20,376,597
1.Cash & bank balances
1,000,154
2,171,164
1,901,183
1,064,167
1,155,432
21,213,811
17,618,188
18,572,048
22,214,329
18,924,961
954,523
224,503
135,760
252,491
296,204
(574,790)
2.Others
2.Investments
3.Others
D.Profit & loss account
4,313,050
1,117,174
1,494,201
4,061,232
a.Markup/interest income
212,353
156,096
147,294
45,337
104,044
b.Dividend income
701,381
608,111
612,143
824,366
1,090,476
c.Income from future transactions
0
15,956
0
0
0
d.Net gain on sale of investments
(60,155)
14,974
14,974
0
e.Net unrealized gain/(loss) on investment
1,125,739
(437,082)
441,337
1,548,230
(662,915)
f.Capital gain
2,332,192
744,599
278,418
1,410,598
(1,107,459)
1,540
14,520
35
232,701
1,064
751,211
652,783
543,899
695,189
564,181
392,132
377,651
364,152
451,822
406,353
14,356
13,201
14,230
15,943
14,593
1.Income (a to g)
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
0
2,775
981
981
0
0
4.Administrative and general expenses
368,529
231,879
161,755
165,096
143,047
5.Other
(26,581)
29,071
2,781
62,328
188
3,561,839
464,391
950,302
3,366,043
(1,138,971)
882,798
824,723
819,723
587,723
587,723
3.Brokerage-commission /fee
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
2.Cash dividend
N/A
N/A
N/A
N/A
3.Stock dividend/bonus shares
N/A
N/A
N/A
N/A
4.Cash generated from operating activities
3,043,711
3,720,884
420,634
1,196,332
N/A
N/A
1,406,780
H.Efficiency ratios/profitability ratios
78.81%
31.59%
49.17%
78.59%
307.82%
0.00%
1.43%
0.00%
0.00%
0.00%
3.Return on revenue (ROR) (F/D1)
82.58%
41.57%
63.60%
82.88%
198.15%
4.Return on assets (ROA) (F/C)
15.37%
2.32%
4.61%
14.30%
-5.59%
5.Management expenses (E1/E)
52.20%
57.85%
66.95%
64.99%
72.03%
6.Net assets value per share (A1/G1)
9.14
9.08
9.07
11.04
11.04
7.Earning per share (F/G1)
4.03
0.56
1.16
5.73
-1.94
1.Cash & cash equivalent to total assets (C1/C)
4.32%
10.85%
9.23%
4.52%
5.67%
2.Total liabilities to total assets (B/C)
5.25%
3.51%
3.76%
2.75%
3.36%
34.82%
37.41%
36.08%
27.57%
31.83%
0.85
8.01
0.44
0.36
-1.24
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
I.Liquidity ratios
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
110
Financial Statement Analysis of Financial Sector
Golden Arrow Selected Stocks Fund Ltd.
Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,666,697
1,744,806
1,714,315
1,891,098
1,512,969
760,492
760,492
760,492
760,492
760,492
500
500
500
500
500
905,705
983,814
953,323
1,130,106
751,977
0
0
0
0
0
89,804
113,783
115,929
112,856
103,763
3,872
7,540
4,031
5,812
3,910
85,932
106,243
111,898
107,044
99,853
1,756,501
1,858,589
1,830,244
2,003,954
1,616,732
53,271
107,418
72,279
63,769
55,070
1,698,189
1,672,007
1,754,500
1,933,029
1,556,648
5,041
79,164
3,465
7,156
5,014
809,134
634,899
213,844
926,189
(161,450)
6,348
5,532
5,596
4,621
2,854
65,172
37,763
33,664
44,358
47,469
c.Income from future transactions
0
0
0
0
0
d.Net gain on sale of investments
0
0
0
0
e.Net unrealized gain/(loss) on investment
259,904
247,311
107,788
293,588
(215,335)
f.Capital gain
477,710
344,293
66,796
529,406
3,562
0
0
0
54,216
0
74,386
70,076
54,212
87,779
49,371
35,031
33,618
33,425
41,806
32,882
1,123
1,091
998
1,202
901
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
0
902
0
0
0
0
37,330
35,367
19,789
44,771
15,588
0
0
0
0
0
734,748
564,823
159,632
838,410
(210,821)
1.No. of units (000)
152,098
152,098
152,098
15,098
15,098
2.Cash dividend
66.00%
0.00%
21.00%
88.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
667,662
538,797
153,133
632,449
165,213
91.16%
93.18%
81.64%
94.71%
131.17%
0.00%
0.00%
0.00%
0.00%
0.00%
3.Return on revenue (ROR) (F/D1)
90.81%
88.96%
74.65%
90.52%
130.58%
4.Return on assets (ROA) (F/C)
41.83%
30.39%
8.72%
41.84%
-13.04%
5.Management expenses (E1/E)
47.09%
47.97%
61.66%
47.63%
6.Net assets value per share (A1/G1)
5.00
5.00
5.00
50.37
7.Earning per share (F/G1)
4.83
3.71
1.05
55.53
-13.96
1.Cash & cash equivalent to total assets (C1/C)
3.03%
5.78%
3.95%
3.18%
3.41%
2.Total liabilities to total assets (B/C)
5.11%
6.12%
6.33%
5.63%
6.42%
43.30%
40.92%
41.55%
37.95%
47.04%
0.91
0.95
0.96
0.75
-0.78
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
3.Stock dividend/bonus shares
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
66.60%
50.37
I.Liquidity ratios
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
111
Financial Statement Analysis of Financial Sector
PICIC Growth Fund
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
7,904,120
6,489,505
6,945,240
8,392,964
7,054,056
1.Certificate holders equity
2,835,000
2,835,000
2,835,000
2,835,000
2,835,000
2.Reserves
2,992,500
2,992,500
2,992,500
2,992,500
2,992,500
3.Unappropriated profit/loss
2,076,620
662,005
1,117,740
2,565,464
1,226,556
4.Others
4,962,010
4,953,097
4,885,153
6,189,749
5,621,904
731,610
354,945
404,806
339,398
374,031
24,876
21,934
23,464
28,671
24,928
Items
A.Total equity (A1 to A3)
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
706,734
333,011
381,342
310,727
349,103
13,597,740
11,797,547
12,235,199
14,922,111
13,049,991
106,613
627,797
442,390
649,726
729,178
12,880,629
11,068,652
11,701,639
14,097,911
12,112,200
610,498
101,098
91,170
174,474
208,613
2,252,380
243,037
775,588
2,076,158
(207,122)
31,286
33,368
25,542
25,087
67,578
426,200
392,263
393,095
537,219
738,620
c.Income from future transactions
0
0
0
0
0
d.Net gain on sale of investments
0
0
0
0
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
e.Net unrealized gain/(loss) on investment
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
0
591,956
(445,205)
221,018
816,767
(292,200)
1,202,938
262,611
135,933
578,978
(721,880)
0
0
0
118,107
760
431,135
381,902
319,853
415,809
352,161
225,545
226,743
217,604
284,368
260,360
7,014
7,044
7,769
9,587
8,909
0
0
0
0
0
4.Administrative and general expenses
228,657
141,845
94,480
81,079
82,892
5.Other
(30,081)
6,270
0
40,775
0
1,821,245
(138,865)
455,735
1,660,349
(559,283)
283,500
283,500
283,500
283,500
283,500
2.Cash dividend
0.00%
0.00%
7.50%
27.50%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
1,192,332
1,782,614
(185,407)
412,249
841,723
79.69%
-75.13%
46.02%
72.92%
489.24%
0.00%
0.00%
0.00%
0.00%
0.00%
3.Return on revenue (ROR) (F/D1)
80.86%
-57.14%
58.76%
79.97%
270.03%
4.Return on assets (ROA) (F/C)
13.39%
-1.18%
3.72%
11.13%
-4.29%
5.Management expenses (E1/E)
52.31%
59.37%
68.03%
68.39%
73.93%
10.00
10.00
10.00
10.00
10.00
6.42
-0.49
1.61
5.86
-1.97
1.Cash & cash equivalent to total assets (C1/C)
0.78%
5.32%
3.62%
4.35%
5.59%
2.Total liabilities to total assets (B/C)
5.38%
3.01%
3.31%
2.27%
2.87%
20.85%
24.03%
23.17%
19.00%
21.72%
-12.84
-0.41
0.25
-1.51
3.Brokerage-commission /fee
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
0.65
112
Financial Statement Analysis of Financial Sector
PICIC Investment Fund
Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
3,915,794
3,209,869
3,454,928
4,183,599
3,441,335
2,841,250
2,841,250
2,841,250
2,841,250
2,841,250
984,913
984,913
984,913
984,913
984,913
89,631
(616,294)
(371,235)
357,436
(384,828)
1,841,690
1,833,495
1,796,328
2,146,970
1,993,954
366,338
195,064
219,420
185,939
197,377
11,131
9,667
9,977
12,447
10,689
355,207
185,397
209,443
173,492
186,688
6,123,822
5,238,428
5,470,676
6,516,508
5,632,666
87,167
366,044
316,611
350,631
371,142
5,720,675
4,832,231
5,115,909
6,095,223
5,179,170
315,980
40,153
38,156
70,654
82,354
1,149,650
95,136
391,130
1,037,107
19,066
18,566
17,526
15,629
33,612
202,092
178,063
185,384
242,717
304,352
c.Income from future transactions
0
0
0
0
0
d.Net gain on sale of investments
0
0
0
0
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
(198,408)
0
e.Net unrealized gain/(loss) on investment
291,433
(239,188)
112,531
437,875
(155,380)
f.Capital gain
637,059
137,695
75,689
280,508
(381,296)
0
0
0
60,378
304
204,627
175,987
146,071
189,103
160,288
101,795
100,573
97,087
124,151
111,662
3,929
3,886
4,313
5,061
4,708
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
0
0
0
0
0
97,293
51,508
44,671
38,816
43,918
1,610
20,020
0
21,075
0
945,023
(80,851)
245,059
848,004
(358,696)
284,125
284,125
284,125
284,125
284,125
2.Cash dividend
0.00%
0.00%
4.20%
13.50%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
582,576
898,290
(49,036)
151,050
399,059
80.76%
-106.68%
48.12%
75.09%
270.34%
0.00%
0.00%
0.00%
0.00%
0.00%
3.Return on revenue (ROR) (F/D1)
82.20%
-84.98%
62.65%
81.77%
180.79%
4.Return on assets (ROA) (F/C)
15.43%
-1.54%
4.48%
13.01%
-6.37%
5.Management expenses (E1/E)
49.75%
57.15%
66.47%
65.65%
69.66%
10.00
10.00
10.00
10.00
10.00
3.33
-0.28
0.86
2.98
-1.26
1.Cash & cash equivalent to total assets (C1/C)
1.42%
6.99%
5.79%
5.38%
6.59%
2.Total liabilities to total assets (B/C)
5.98%
3.72%
4.01%
2.85%
3.50%
46.40%
54.24%
51.94%
43.60%
50.44%
-11.11
-0.20
0.18
-1.11
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
I.Liquidity ratios
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
0.62
113
Financial Statement Analysis of Financial Sector
Tri-Star Mutual Fund Ltd.
Items
A.Total equity (A1 to A3)
1.Certificate holders equity
2.Reserves
3.Unappropriated profit/loss
4.Others
B.Total liabilities (B1 + B2)
1.Payable to investment advisor
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
40,913
40,913
-
85,224
75,292
50,000
50,000
-
50,000
50,000
0
0
-
0
0
-
35,224
25,292
(9,087)
(9,087)
0
0
-
(5,940)
(8,562)
5,506
5,506
-
9,130
10,478
3,939
3,939
-
5,127
6,322
1,567
1,567
-
4,003
4,156
46,419
46,419
-
88,414
77,208
2
2
-
41
42
45,298
45,298
-
88,166
76,943
1,119
1,119
-
207
223
15,978
30,463
-
21,778
0
0
-
0
0
22
22
-
72
35
c.Income from future transactions
0
15,956
-
0
0
d.Net gain on sale of investments
0
0
-
0
0
e.Net unrealized gain/(loss) on investment
0
0
-
0
0
14,485
0
-
21,706
1,471
14,485
-
0
0
1,055
1,055
-
2,498
2,361
681
681
-
1,497
1,449
30
30
-
93
75
2.Others
C.Total assets (C1 to C3)
1.Cash & bank balances
2.Investments
3.Others
D.Profit & loss account
1.Income (a to g)
a.Markup/interest income
b.Dividend income
f.Capital gain
g.Other income
E.Total expense (E1 to E5)
1.Remuneration to management co-advisor
2.Remuneration to trustees/custodians
(7,810)
(7,845)
0
0
-
0
0
344
344
-
430
649
0
0
-
478
188
14,923
29,408
-
19,280
(10,171)
5,000
5,000
-
5,000
5,000
2.Cash dividend
0.00%
0.00%
-
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
-
0.00%
0.00%
(852)
(761)
-
584
785
99.86%
99.93%
-
99.67%
100.45%
0.00%
52.38%
-
0.00%
0.00%
3.Return on revenue (ROR) (F/D1)
93.40%
96.54%
-
88.53%
130.23%
4.Return on assets (ROA) (F/C)
32.15%
63.35%
-
21.81%
-13.17%
5.Management expenses (E1/E)
64.55%
64.55%
-
59.93%
10.00
10.00
-
10.00
10.00
2.98
5.88
-
3.86
-2.03
3.Brokerage-commission /fee
4.Administrative and general expenses
5.Other
F.Net income for the year (D1-E)
G.Other items
1.No. of units (000)
4.Cash generated from operating activities
H.Efficiency ratios/profitability ratios
1.Gain ratio (D1c to D1g)/D1
2.Trading income (D1c/D1)
6.Net assets value per share (A1/G1)
7.Earning per share (F/G1)
61.37%
I.Liquidity ratios
1.Cash & cash equivalent to total assets (C1/C)
2.Total liabilities to total assets (B/C)
0.00%
0.00%
-
0.05%
0.05%
11.86%
11.86%
-
10.33%
13.57%
107.71%
107.71%
-
56.55%
64.76%
-0.06
-0.03
-
0.03
-0.08
J.Capital /leverage ratios
Shareholders equity to total assets (A1/C)
K.Cash flow ratio
Cash generated from operating activities to net income (G4/F) (time)
114
Financial Statements Analysis of Financial Sector
2018
Modaraba Companies
Performance at a Glance
Balance sheet size of modaraba companies expended during FY18. Total assets and liabilities
increased during FY18 when compared to FY17. Total assets increased from Rs 44.25 billion in
FY17 to Rs 51.23 billion in FY18 showing an increase of 15.79 percent over FY17. Total equity
remained almost the same during FY18 as previous year. Total liabilities of Modaraba companies
increased by 31.45 percent in FY18 when compared with the FY17. Profit before and after tax tax
decreased by 53.51 percent and 55.21 percent respectively in FY18 over FY17.
Analysis of Major components of
Assets
Non-current assets improved during FY18
as Long term investment reached at Rs 8.23
billion in FY18 from Rs 6.49 billion in
FY17, showing YoY increase of 26.94
percent during FY18. Fixed assets also
increased from Rs 22.79 billion in FY17 to
Rs 24.12 billion in FY18. Current assets
which remained 34.80 percent of total
assets in FY18 and increased by 28.64
percent during FY18. Cash and bank
balnaces increased by 23.96 percent to
reach at Rs 2.88 billion in FY18 from Rs
2.32 billion in FY17.
10
3.87%
0.98%
8
billion Rs
Capital Certificate of modaraba companies,
which constituted 63.54 percent share of
total equity in FY18, increased with YoY
growth of 2.79 percent in FY18. Reserves
during FY18 showed the YoY growth of
3.87 percent as it increased from Rs 8.84
billion in FY17 to Rs 9.18 billion in FY18.
The un-appropraite loss also showing 57.57
percent increase during FY18 as compared
with FY17. Other part of share holder’s
equity also showing the 0.98 percent YoY
growth in FY18 when compared with
FY17.
Components of Share Holder's Equity
6
4
2
0
-2
-4
Reserves
FY 17
FY 18
Growth (RHS)
8.84
9.18
3.87%
-57.57%
Unapprop
riated
Others
profit/loss
-1.23
2.13
-1.94
2.16
-57.57%
0.98%
Components of Assets
30
25
billion Rs
Analysis of Equity
26.94%
23.96%
20
15
5.83%
10
5
0
FY 17
FY 18
Growth (RHS)
Cash and
BB
Fixed
assets
2.32
2.88
23.96%
22.79
24.12
5.83%
Long
Term
Invest.
6.49
8.23
26.94%
10%
0%
-10%
-20%
-30%
-40%
-50%
-60%
-70%
34%
29%
24%
19%
14%
9%
4%
-1%
-6%
-11%
-16%
Analysis of Liabilities
The overall position of total liablities of Modaraba companies stood at Rs 29.20 billion in FY18,
showing YoY increase of Rs 6.99 billion or a growth of 31.45 percent in FY18.The current
liabilities during FY18 reached at Rs 23.21 billion from Rs 16.43 billion in previous year which
shows 41.24 percent YoY increase in current liabilities. Share of current liabilities was 79.50
115
Financial Statements Analysis of Financial Sector
percent of total liabilitiea in FY18. Noncurrent liabilities also increased from Rs
5.78 billion to Rs 5.99 billion and showing
3.60 percent growth in FY18 when
compared with FY17.
2018
Current and Non Current Liabilities
Current liabilities
Non-current liabilities
35
30
5.99
25
billion Rs
Profitability and Operating
Efficiency
20
5.78
Gross revenue of modaraba companies
15
increased from Rs 8.83 billion in FY17 to
23.21
10
Rs 9.13 billion in FY18 recording increase
16.43
of 3.43 percent. Operating expenses also
5
show increase of 22.16 percent in FY18
0
over FY17 as it reached at Rs 4.25 billion
FY 17
FY 18
from Rs 3.48 billion. Due to fast increase in
operating expenses, operating profit of Modaraba companies decreased from Rs 5.34 billion in
FY17 to Rs 4.87 billion in FY18 witnessing a decrease of 8.78 percent. Profit before tax showed
decline of 53.51 percent during FY18 as compared to FY17. Similarly, profit after tax also showed
the decline of 55.21 percent.
Return on assets (ROA), return on equity (ROE) and Return on capital employed (ROCE)
witnessed a decrease in FY18 over FY17. ROA decreased from 3.57 percent in FY17 to 1.38
percent in FY18. ROE decrease from 7.93 percent in FY17 to 3.56 percent in FY18. ROCE also
decrease from 5.82 percent in FY17 to 2.69 percent in FY18 over FY17. Breakup value per
certificate marginally decreased from Rs 14.97 per certificate in FY17 to Rs 14.58 per certificate
in FY18.
Profitability Ratios
FY 18 FY 17
Profit and Loss Accounts
FY 17 FY 18
10
9
8.83 9.13
1.38%
ROA
3.57%
billion Rs
8
7
5.34
6
5
4.87
4.25
2.69%
ROCE
5.82%
3.48
4
3
2
3.56%
ROE
1
7.93%
0
Gross Revenue
Operating
Expenses
Operating Profit
0%
2%
4%
6%
8%
10%
116
Financial Statement Analysis of Financial Sector
Modaraba Companies - Overall
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
14,308,329
15,686,997
19,189,840
19,899,700
19,877,693
1.Certificate capital
9,617,956
10,645,680
12,422,724
12,286,325
12,629,485
2.Reserves
5,790,671
6,094,913
8,524,183
8,842,116
9,184,302
(1,100,298)
(1,053,596)
(1,757,067)
(1,228,741)
(1,936,094)
Items
A.Total equity (A1 to A3)
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
661,189
927,654
1,450,667
2,134,417
2,155,422
15,791,207
14,990,893
16,412,805
22,212,086
29,197,491
9,445,239
9,272,542
11,285,886
16,434,305
23,211,492
2.Non-current liabilities
6,345,968
5,718,351
5,126,919
5,777,781
5,985,999
C.Total assets (C1+C2)
30,760,725
31,605,545
37,053,311
44,246,203
51,230,606
1.Current assets (a + b)
10,907,269
11,619,848
11,747,764
13,858,630
17,827,612
a.Cash and banks balances
1,925,675
2,541,897
2,540,492
2,320,347
2,876,304
b.Other current assets
8,981,594
9,077,951
9,207,272
11,538,283
14,951,308
19,853,456
19,985,697
25,305,547
30,387,573
33,402,994
15,348,488
15,170,986
19,110,963
22,787,046
24,115,619
3,581,736
4,151,469
5,335,080
6,485,463
8,232,415
923,232
663,242
859,504
1,115,064
1,054,960
1.Gross revenue(loss)
8,507,291
8,483,525
7,983,600
8,825,275
9,127,868
2.Operating expenses
2,452,217
2,913,318
3,145,004
3,482,870
4,254,634
3.Operating profit
6,055,074
5,570,207
4,838,596
5,342,405
4,873,234
101,202
121,447
92,327
122,189
97,415
5.Profit/(loss) before taxation
1,484,681
1,490,577
1,223,591
1,619,975
753,177
6.Profit/(loss) after taxation
1,457,163
1,452,657
1,189,024
1,578,192
706,930
1,062,593
1,165,367
1,343,072
1,329,433
1,363,749
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
4.Modaraba co's management fees
E.Other items
1.No. of certificates (000)
2.Cash dividend
N/A
N/A
N/A
N/A
N/A
3.Stock dividend/bonus shares
N/A
N/A
N/A
N/A
N/A
3,176,646
1,260,668
(459,163)
(2,107,746)
10.18%
9.26%
6.20%
7.93%
3.56%
2.Return on capital employed (ROCE) (D5/(C-B1))
6.97%
6.67%
4.75%
5.82%
2.69%
3.Return on assets (ROA) (D6/C)
4.74%
4.60%
3.21%
3.57%
1.38%
17.13%
17.12%
14.89%
17.88%
7.74%
168.29%
200.55%
264.50%
220.69%
601.85%
4.13%
4.17%
2.94%
3.51%
2.29%
1.37
1.25
0.89
1.19
0.52
1.Current assets to current liabilities (C1/B1) (times)
1.15
1.25
1.04
0.84
0.77
2.Total liabilities to total assets (B/C) (times)
0.51
0.47
0.44
0.50
0.57
11.64%
13.14%
14.40%
14.66%
16.07%
46.51%
49.63%
51.79%
44.97%
38.80%
13.47
13.46
14.29
14.97
14.58
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.12
2.19
1.06
-0.29
-2.98
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.33
0.34
0.11
-0.03
-0.09
4.Cash generated from operating activities
3,094,915
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
117
Financial Statement Analysis of Financial Sector
Allied Rental Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
2,679,195
2,959,682
3,248,960
3,525,379
3,894,824
1.Certificate capital
1,218,750
1,462,500
1,755,000
1,755,000
2,000,000
2.Reserves
1,078,381
1,179,593
1,282,359
1,463,127
1,660,689
382,064
317,589
211,601
307,252
234,135
Items
A.Total equity (A1 to A3)
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
439,500
744,188
1,133,213
1,133,212
1,255,712
2,237,942
2,230,114
2,829,177
3,702,362
3,885,946
1,255,521
1,390,011
1,630,503
1,533,372
1,704,395
982,421
840,103
1,198,674
2,168,990
2,181,551
5,356,637
5,933,984
7,211,350
8,360,953
9,036,482
476,507
670,911
1,039,238
1,666,889
2,100,261
48,027
74,507
57,353
307,439
91,231
428,480
596,404
981,885
1,359,450
2,009,030
4,880,130
5,263,073
6,172,112
6,694,064
6,936,221
4,709,887
5,178,218
6,146,674
6,687,244
6,935,204
0
0
0
0
0
170,243
84,855
25,438
6,820
1,017
1.Gross revenue(loss)
2,542,211
2,699,426
2,686,893
3,116,267
3,696,145
2.Operating expenses
1,669,589
1,987,050
2,088,419
2,277,015
2,758,367
872,622
712,376
598,474
839,252
937,778
6,515
10,088
9,978
10,000
10,000
5.Profit/(loss) before taxation
651,455
403,529
294,349
457,859
395,124
6.Profit/(loss) after taxation
651,455
403,529
294,349
457,859
395,124
1.No. of certificates (000)
121,875
146,250
175,500
175,500
200,000
2.Cash dividend
30.00%
20.00%
10.00%
15.00%
0.10%
0.00%
0.00%
0.00%
0.00%
10.00%
759,483
1,027,846
925,250
831,305
787,432
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
3.Operating profit
4.Modaraba co's management fees
E.Other items
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
24.32%
13.63%
9.06%
12.99%
10.14%
2.Return on capital employed (ROCE) (D5/(C-B1))
15.88%
8.88%
5.27%
6.71%
5.39%
3.Return on assets (ROA) (D6/C)
12.16%
6.80%
4.08%
5.48%
4.37%
4.Return on revenue (D6/D1)
25.63%
14.95%
10.95%
14.69%
10.69%
256.29%
492.42%
709.50%
497.32%
698.10%
0.39%
0.51%
0.48%
0.44%
0.36%
5.35
2.76
1.68
2.61
1.98
1.Current assets to current liabilities (C1/B1) (times)
0.38
0.48
0.64
1.09
1.23
2.Total liabilities to total assets (B/C) (times)
0.42
0.38
0.39
0.44
0.43
0.00%
0.00%
0.00%
0.00%
0.00%
50.02%
49.88%
45.05%
42.16%
43.10%
21.98
20.24
18.51
20.09
19.47
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
1.17
2.55
3.14
1.82
1.99
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.60
0.74
0.57
0.54
0.46
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
118
Financial Statement Analysis of Financial Sector
Awwal Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
-
-
1,028,443
1,160,141
1,221,374
1.Certificate capital
-
-
1,000,000
1,000,000
1,000,000
2.Reserves
-
-
5,689
36,568
73,315
3.Unappropriated profit
-
-
22,754
123,573
148,059
4.Others
-
-
0
0
0
-
-
14,608
42,568
61,719
1.Current liabilities
-
-
14,608
42,568
61,719
Items
A.Total equity (A1 to A3)
B.Total liabilities (B1 + B2)
2.Non-current liabilities
-
-
0
0
0
C.Total assets (C1+C2)
-
-
1,043,051
1,202,709
1,283,093
1.Current assets (a + b)
-
-
974,281
625,019
769,077
a.Cash and banks balances
-
-
933,525
252,808
298,946
b.Other current assets
-
-
40,756
372,211
470,131
-
-
68,770
577,690
514,016
a.Fixed assets
-
-
14
3,507
2,830
b.Long-term investments
-
-
0
18,000
48,879
c.Other non-current assets
-
-
68,756
556,183
462,307
-
-
61,924
208,215
263,315
30,576
51,921
2.Non-current assets (a + b + c)
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
-
-
5,704
3.Operating profit
-
-
56,220
177,639
211,394
4.Modaraba co's management fees
-
-
3,276
17,762
21,137
5.Profit/(loss) before taxation
-
-
28,443
154,398
183,734
6.Profit/(loss) after taxation
-
-
28,443
154,398
183,734
1.No. of certificates (000)
-
-
100,000
100,000
100,000
2.Cash dividend
-
-
2.27%
12.25%
14.80%
3.Stock dividend/bonus shares
-
-
0.00%
0.00%
0.00%
4.Cash generated from operating activities
-
-
(66,460)
(560,453)
64,886
1.Return on equity (ROE) (D6/A)
-
-
2.77%
13.31%
15.04%
2.Return on capital employed (ROCE) (D5/(C-B1))
-
-
2.77%
13.31%
15.04%
3.Return on assets (ROA) (D6/C)
-
-
2.73%
12.84%
14.32%
74.15%
69.78%
E.Other items
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
-
-
45.93%
5.Operating expenses to net income (D2/D6)
-
-
20.05%
19.80%
28.26%
6.Management expenses (D4/D2)
-
-
57.43%
58.09%
40.71%
-
-
0.28
1.54
1.84
-
-
66.70
14.68
12.46
0.04
0.05
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
-
-
0.01
3.Long term investment to total assets (C2b/C)
-
-
0.00%
1.50%
3.81%
1.Capital ratio (A/C)
-
-
98.60%
96.46%
95.19%
2.Break up value per certificate (A/E1)
-
-
10.28
11.60
12.21
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
-
-
-2.34
-3.63
0.35
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-
-
-4.55
-13.17
1.05
H.Capital /leverage ratios
I.Cash flow ratio
119
Financial Statement Analysis of Financial Sector
B.F. Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
109,663
118,779
123,742
134,738
130,939
1.Certificate capital
75,152
75,152
75,152
75,152
75,152
2.Reserves
34,511
43,627
37,586
45,527
47,385
0
0
11,004
14,059
8,402
24,658
29,754
30,099
18,999
2,285
2,218
3,190
4,436
5,215
7,553
2,218
3,190
4,436
5,215
7,553
Items
A.Total equity (A1 to A3)
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
0
0
0
0
0
C.Total assets (C1+C2)
136,539
151,723
158,277
158,952
140,777
1.Current assets (a + b)
136,337
151,553
158,189
158,872
140,699
2.Non-current liabilities
a.Cash and banks balances
46,428
24,153
29,156
6,900
24,943
b.Other current assets
89,909
127,400
129,033
151,972
115,756
202
170
88
80
78
162
130
48
40
38
0
0
0
0
0
40
40
40
40
40
1.Gross revenue(loss)
12,223
15,380
17,762
24,223
12,435
2.Operating expenses
5,486
4,817
5,582
6,194
7,460
3.Operating profit
6,737
10,563
12,180
18,029
4,975
590
1,056
1,218
1,803
497
5.Profit/(loss) before taxation
5,203
9,316
10,743
15,901
4,388
6.Profit/(loss) after taxation
4,437
9,116
10,225
15,880
3,717
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
4.Modaraba co's management fees
E.Other items
7,515
7,515
7,515
7,515
7,515
2.Cash dividend
0.00%
7.00%
6.50%
10.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
40,529
(10,733)
2,984
(6,690)
1,651
1.Return on equity (ROE) (D6/A)
4.05%
7.67%
8.26%
11.79%
2.84%
2.Return on capital employed (ROCE) (D5/(C-B1))
3.87%
6.27%
6.98%
10.34%
3.29%
3.Return on assets (ROA) (D6/C)
3.25%
6.01%
6.46%
9.99%
2.64%
36.30%
59.27%
57.57%
65.56%
29.89%
123.64%
52.84%
54.59%
39.01%
200.70%
10.75%
21.92%
21.82%
29.11%
6.66%
0.59
1.21
1.36
2.11
0.49
61.47
47.51
35.66
30.46
18.63
0.02
0.02
0.03
0.03
0.05
0.00%
0.00%
0.00%
0.00%
0.00%
80.32%
78.29%
78.18%
84.77%
93.01%
14.59
15.81
16.47
17.93
17.42
9.13
-1.18
0.29
-0.42
0.44
18.27
-3.36
0.67
-1.28
0.22
1.No. of certificates (000)
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
120
Financial Statement Analysis of Financial Sector
B.R.R. Guardian Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
770,017
821,517
836,626
984,637
1,098,232
1.Certificate capital
780,462
780,462
780,462
780,463
863,623
2.Reserves
570,987
606,102
629,461
712,431
789,634
(581,432)
(565,047)
(573,297)
(508,257)
(555,025)
Items
A.Total equity (A1 to A3)
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
84,280
169,616
219,972
279,216
293,330
1,451,511
1,215,290
1,021,688
789,665
644,420
942,029
1,002,524
753,640
529,319
451,936
509,482
212,766
268,048
260,346
192,484
2,305,808
2,206,423
2,078,286
2,053,518
2,035,982
675,155
814,786
743,279
893,090
841,504
69,501
35,268
15,153
144,098
22,855
605,654
779,518
728,126
748,992
818,649
1,630,653
1,391,637
1,335,007
1,160,428
1,194,478
259,956
217,136
193,786
152,176
184,731
1,241,610
1,156,009
1,122,283
982,291
964,344
129,087
18,492
18,938
25,961
45,403
1.Gross revenue(loss)
327,752
360,831
277,566
462,068
265,533
2.Operating expenses
103,892
136,885
138,084
156,206
140,225
3.Operating profit
223,860
223,946
139,482
305,862
125,308
4,784
8,107
5,380
19,519
7,469
5.Profit/(loss) before taxation
41,448
70,231
46,718
169,083
65,178
6.Profit/(loss) after taxation
41,448
70,231
46,718
169,083
65,178
1.No. of certificates (000)
78,046
78,046
78,046
78,046
86,362
2.Cash dividend
2.40%
4.05%
2.70%
10.00%
3.40%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
229,802
54,356
91,976
333,843
172,620
1.Return on equity (ROE) (D6/A)
5.38%
8.55%
5.58%
17.17%
5.93%
2.Return on capital employed (ROCE) (D5/(C-B1))
3.04%
5.83%
3.53%
11.09%
4.11%
3.Return on assets (ROA) (D6/C)
1.80%
3.18%
2.25%
8.23%
3.20%
12.65%
19.46%
16.83%
36.59%
24.55%
250.66%
194.91%
295.57%
92.38%
215.14%
4.60%
5.92%
3.90%
12.50%
5.33%
0.53
0.90
0.60
2.17
0.75
1.Current assets to current liabilities (C1/B1) (times)
0.72
0.81
0.99
1.69
1.86
2.Total liabilities to total assets (B/C) (times)
0.63
0.55
0.49
0.38
0.32
53.85%
52.39%
54.00%
47.83%
47.37%
33.39%
37.23%
40.26%
47.95%
53.94%
9.87
10.53
10.72
12.62
12.72
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
5.54
0.77
1.97
1.97
2.65
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.24
0.05
0.12
0.63
0.38
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
4.Modaraba co's management fees
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
121
Financial Statement Analysis of Financial Sector
First Al-Noor Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
335,023
305,070
294,720
297,766
270,402
1.Certificate capital
210,000
210,000
210,000
210,000
210,000
2.Reserves
107,456
107,956
97,480
98,086
97,836
17,567
(12,886)
(12,760)
(10,320)
(37,434)
Items
A.Total equity (A1 to A3)
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
(2,494)
(5,230)
(5,989)
42,690
(1,626)
53,496
468
64,712
58,925
51,968
20,599
23,340
33,338
24,949
23,185
2.Non-current liabilities
22,091
30,156
31,374
33,976
28,783
C.Total assets (C1+C2)
376,087
359,034
356,938
351,461
316,381
1.Current assets (a + b)
259,597
203,968
107,331
125,964
134,543
22,150
42,319
24,207
11,483
24,281
237,447
161,649
83,124
114,481
110,262
116,490
155,066
249,607
225,497
181,838
a.Fixed assets
97,281
119,628
147,176
147,412
103,531
b.Long-term investments
15,369
31,591
39,834
30,536
27,162
3,840
3,847
62,597
47,549
51,145
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
42,078
6,365
23,437
39,366
24,921
2.Operating expenses
25,437
28,108
25,473
25,575
29,409
3.Operating profit
16,641
(21,743)
(2,036)
13,791
(4,488)
2,432
0
13
329
0
5.Profit/(loss) before taxation
21,450
(14,359)
118
3,028
(25,010)
6.Profit/(loss) after taxation
21,399
(14,533)
118
3,028
(25,010)
1.No. of certificates (000)
21,000
21,000
21,000
21,000
21,000
2.Cash dividend
7.50%
5.00%
0.00%
1.20%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
47,757
124,146
116,981
39,547
34,809
1.Return on equity (ROE) (D6/A)
6.39%
-4.76%
0.04%
1.02%
-9.25%
2.Return on capital employed (ROCE) (D5/(C-B1))
6.03%
-4.28%
0.04%
0.93%
-8.53%
3.Return on assets (ROA) (D6/C)
5.69%
-4.05%
0.03%
0.86%
-7.91%
50.86%
-228.33%
0.50%
7.69%
-100.36%
118.87%
-193.41%
21,587.29%
844.62%
-117.59%
9.56%
0.00%
0.05%
1.29%
0.00%
1.02
-0.69
0.01
0.14
-1.19
12.60
8.74
3.22
5.05
5.80
0.11
0.15
0.18
0.17
0.16
4.09%
8.80%
11.16%
8.69%
8.59%
89.08%
84.97%
82.57%
84.72%
85.47%
15.95
14.53
14.03
14.18
12.88
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.23
-8.54
991.36
13.06
-1.39
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
2.32
5.32
3.51
1.59
1.50
4.Modaraba co's management fees
E.Other items
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
122
Financial Statement Analysis of Financial Sector
First Elite Capital Modaraba
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
138,155
142,186
130,451
124,940
127,945
113,400
113,400
113,400
113,400
113,400
24,755
28,786
17,051
31,622
30,770
0
0
0
(20,082)
(16,225)
0
0
0
0
0
57,958
61,155
51,331
61,072
62,875
22,442
27,500
17,310
15,139
15,936
2.Non-current liabilities
35,516
33,655
34,021
45,933
46,939
C.Total assets (C1+C2)
196,113
203,341
181,782
186,012
190,820
1.Current assets (a + b)
88,872
99,516
96,729
77,144
48,934
a.Cash and banks balances
52,219
13,414
21,691
23,090
14,239
b.Other current assets
36,653
86,102
75,038
54,054
34,695
107,241
103,825
85,053
108,868
141,886
2.Non-current assets (a + b + c)
107,241
103,825
85,053
108,868
141,886
b.Long-term investments
0
0
0
0
0
c.Other non-current assets
0
0
0
0
0
1.Gross revenue(loss)
62,539
58,554
49,772
52,203
69,305
2.Operating expenses
17,055
16,686
23,080
26,921
35,268
3.Operating profit
a.Fixed assets
D.Profit & loss account
45,484
41,868
26,692
25,282
34,037
4.Modaraba co's management fees
1,008
954
0
0
524
5.Profit/(loss) before taxation
9,074
8,583
(2,640)
(2,353)
4,719
6.Profit/(loss) after taxation
9,074
8,583
(3,024)
(2,767)
4,719
1.No. of certificates (000)
11,340
11,340
11,340
11,340
11,340
2.Cash dividend
5.50%
5.50%
0.00%
0.00%
0.03%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
26,500
(38,911)
4,673
(211)
(6,691)
1.Return on equity (ROE) (D6/A)
6.57%
6.04%
-2.32%
-2.21%
3.69%
2.Return on capital employed (ROCE) (D5/(C-B1))
5.22%
4.88%
-1.61%
-1.38%
2.70%
3.Return on assets (ROA) (D6/C)
4.63%
4.22%
-1.66%
-1.49%
2.47%
14.51%
14.66%
-6.08%
-5.30%
6.81%
187.95%
194.41%
-763.23%
-972.93%
747.36%
5.91%
5.72%
0.00%
0.00%
1.49%
0.80
0.76
-0.27
-0.24
0.42
1.Current assets to current liabilities (C1/B1) (times)
3.96
3.62
5.59
5.10
3.07
2.Total liabilities to total assets (B/C) (times)
0.30
0.30
0.28
0.33
0.33
0.00%
0.00%
0.00%
0.00%
0.00%
70.45%
69.92%
71.76%
67.17%
67.05%
12.18
12.54
11.50
11.02
11.28
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.92
-4.53
-1.55
0.08
-1.42
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
1.18
-1.41
0.27
-0.01
-0.42
E.Other items
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
123
Financial Statement Analysis of Financial Sector
First Equity Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
646,765
630,754
625,724
656,684
613,925
1.Certificate capital
524,400
524,400
524,400
524,400
524,400
2.Reserves
134,700
126,433
126,611
162,307
126,650
3.Unappropriated profit
(12,335)
(20,079)
(25,287)
(30,023)
(37,125)
Items
A.Total equity (A1 to A3)
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
0
0
0
0
0
39,580
54,852
38,720
94,455
45,971
37,824
51,997
35,585
91,391
41,725
1,756
2,855
3,135
3,064
4,246
C.Total assets (C1+C2)
686,345
685,606
664,444
751,139
659,896
1.Current assets (a + b)
321,448
319,561
299,525
329,836
254,704
2.Non-current liabilities
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
9,889
20,285
10,790
41,395
11,626
311,559
299,276
288,735
288,441
243,078
364,897
366,045
364,919
421,303
405,192
34,778
34,426
33,529
17,114
6,340
324,388
327,960
327,630
399,929
394,592
5,731
3,659
3,760
4,260
4,260
1.Gross revenue(loss)
46,224
34,252
30,364
79,495
17,138
2.Operating expenses
18,431
21,541
21,401
33,409
21,420
3.Operating profit
27,793
12,711
8,963
46,086
(4,282)
2,851
1,314
0
4,890
5.Profit/(loss) before taxation
24,696
11,399
9,092
42,513
(4,193)
6.Profit/(loss) after taxation
24,696
11,399
9,092
42,513
(4,193)
1.No. of certificates (000)
52,440
52,440
52,440
52,440
52,440
2.Cash dividend
3.75%
1.70%
1.30%
6.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
21,233
6,716
(5,295)
(97,759)
(71,682)
1.Return on equity (ROE) (D6/A)
3.82%
1.81%
1.45%
6.47%
-0.68%
2.Return on capital employed (ROCE) (D5/(C-B1))
3.81%
1.80%
1.45%
6.44%
-0.68%
3.Return on assets (ROA) (D6/C)
3.60%
1.66%
1.37%
5.66%
-0.64%
4.Return on revenue (D6/D1)
53.43%
33.28%
29.94%
53.48%
-24.47%
5.Operating expenses to net income (D2/D6)
74.63%
188.97%
235.38%
78.59%
-510.85%
6.Management expenses (D4/D2)
15.47%
6.10%
0.00%
14.64%
0.00%
0.47
0.22
0.17
0.81
-0.08
1.Current assets to current liabilities (C1/B1) (times)
8.50
6.15
8.42
3.61
6.10
2.Total liabilities to total assets (B/C) (times)
0.06
0.08
0.06
0.13
0.07
47.26%
47.84%
49.31%
53.24%
59.80%
94.23%
92.00%
94.17%
87.43%
93.03%
12.33
12.03
11.93
12.52
11.71
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
0.86
0.59
-0.58
-2.30
17.10
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.56
0.13
-0.15
-1.07
-1.72
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
4.Modaraba co's management fees
0
E.Other items
F.Efficiency ratios/profitability ratios
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
124
Financial Statement Analysis of Financial Sector
First Fidelity Leasing Modaraba
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
348,844
341,610
331,808
323,661
357,022
264,138
264,138
264,138
264,138
264,138
84,706
77,472
67,670
79,378
94,390
0
0
0
(19,855)
(1,506)
0
0
0
0
0
26,957
25,573
25,215
25,764
42,012
19,301
20,041
22,621
23,489
23,058
7,656
5,532
2,594
2,275
18,954
C.Total assets (C1+C2)
375,801
367,183
357,023
349,425
399,034
1.Current assets (a + b)
111,099
110,973
110,457
107,814
93,515
10,041
2.Non-current liabilities
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
10,170
400
127
24
100,929
110,573
110,330
107,790
83,474
264,702
256,210
246,566
241,611
305,519
305,263
250,528
242,322
239,806
234,861
b.Long-term investments
5,750
5,750
5,750
5,750
0
c.Other non-current assets
8,424
8,138
1,010
1,000
256
1.Gross revenue(loss)
40,719
11,571
5,353
3,573
50,534
2.Operating expenses
18,092
21,460
14,371
10,138
12,344
3.Operating profit
22,627
(9,889)
(9,018)
(6,565)
38,190
a.Fixed assets
D.Profit & loss account
4.Modaraba co's management fees
0
0
0
0
(3,707)
5.Profit/(loss) before taxation
3,789
(7,304)
(9,743)
(8,147)
33,362
6.Profit/(loss) after taxation
3,765
(7,301)
(9,743)
(8,147)
33,362
E.Other items
1.No. of certificates (000)
26,413
26,414
26,414
26,414
26,414
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.07%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(35,186)
(9,702)
(1,215)
(175)
36,252
1.Return on equity (ROE) (D6/A)
1.08%
-2.14%
-2.94%
-2.52%
9.34%
2.Return on capital employed (ROCE) (D5/(C-B1))
1.06%
-2.10%
-2.91%
-2.50%
8.87%
3.Return on assets (ROA) (D6/C)
1.00%
-1.99%
-2.73%
-2.33%
8.36%
4.Return on revenue (D6/D1)
9.25%
-63.10%
-182.01%
-228.02%
66.02%
480.53%
-293.93%
-147.50%
-124.44%
0.00%
0.00%
0.00%
0.00%
-30.03%
0.14
-0.28
-0.37
-0.31
1.26
1.Current assets to current liabilities (C1/B1) (times)
5.76
5.54
4.88
4.59
4.06
2.Total liabilities to total assets (B/C) (times)
0.07
0.07
0.07
0.07
0.11
1.53%
1.57%
1.61%
1.65%
0.00%
92.83%
93.04%
92.94%
92.63%
89.47%
13.21
12.93
12.56
12.25
13.52
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
-9.35
1.33
0.12
0.02
1.09
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-1.82
-0.48
-0.05
-0.01
1.57
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
37.00%
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
125
Financial Statement Analysis of Financial Sector
First Habib Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
3,208,619
3,256,855
3,262,248
3,354,268
3,442,258
1.Certificate capital
1,008,000
1,008,000
1,008,000
1,008,000
1,008,000
2.Reserves
2,200,619
2,248,855
2,254,248
2,107,012
2,121,490
0
0
0
239,256
312,768
Items
A.Total equity (A1 to A3)
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
0
0
53,807
117,635
117,878
2,184,376
3,136,436
3,844,695
4,894,748
6,719,120
1,894,271
2,793,135
3,540,634
4,652,980
6,303,092
290,105
343,301
304,061
241,768
416,028
C.Total assets (C1+C2)
5,392,995
6,393,291
7,160,750
8,366,651
10,279,256
1.Current assets (a + b)
1,893,900
2,281,279
2,613,505
3,259,093
3,994,811
2.Non-current liabilities
371,132
487,513
248,143
192,260
320,869
1,522,768
1,793,766
2,365,362
3,066,833
3,673,942
3,499,095
4,112,012
4,547,245
5,107,558
6,284,445
2,879,821
3,080,949
2,734,122
2,453,304
2,933,273
616,573
1,029,713
1,812,457
2,653,338
3,349,956
2,701
1,350
666
916
1,216
1.Gross revenue(loss)
391,508
440,337
475,518
539,840
585,788
2.Operating expenses
70,750
74,775
81,979
89,311
100,936
320,758
365,562
393,539
450,529
484,852
32,949
35,340
34,356
35,041
33,311
5.Profit/(loss) before taxation
285,443
306,500
298,303
304,601
289,561
6.Profit/(loss) after taxation
285,443
306,500
298,303
294,517
289,561
1.No. of certificates (000)
201,600
201,600
201,600
201,600
201,600
2.Cash dividend
22.00%
22.00%
20.00%
20.00%
25.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(182,562)
(451,024)
(671,971)
(628,958)
(1,260,030)
1.Return on equity (ROE) (D6/A)
8.90%
9.41%
9.14%
8.78%
8.41%
2.Return on capital employed (ROCE) (D5/(C-B1))
8.16%
8.51%
8.24%
8.20%
7.28%
3.Return on assets (ROA) (D6/C)
5.29%
4.79%
4.17%
3.52%
2.82%
4.Return on revenue (D6/D1)
72.91%
69.61%
62.73%
54.56%
49.43%
5.Operating expenses to net income (D2/D6)
24.79%
24.40%
27.48%
30.32%
34.86%
6.Management expenses (D4/D2)
46.57%
47.26%
41.91%
39.23%
33.00%
1.42
1.52
1.48
1.46
1.44
1.Current assets to current liabilities (C1/B1) (times)
1.00
0.82
0.74
0.70
0.63
2.Total liabilities to total assets (B/C) (times)
0.41
0.49
0.54
0.59
0.65
11.43%
16.11%
25.31%
31.71%
32.59%
59.50%
50.94%
45.56%
40.09%
33.49%
15.92
16.16
16.18
16.64
17.07
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
-0.64
-1.47
-2.25
-2.14
-4.35
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-0.10
-0.16
-0.19
-0.14
-0.20
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
3.Operating profit
4.Modaraba co's management fees
E.Other items
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
126
Financial Statement Analysis of Financial Sector
First Imrooz Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
117,475
129,628
140,172
137,472
134,861
1.Certificate capital
30,000
30,000
30,000
30,000
30,000
2.Reserves
67,941
69,299
71,399
73,065
85,285
3.Unappropriated profit
19,534
30,329
38,773
34,407
19,576
Items
A.Total equity (A1 to A3)
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
0
0
0
0
0
156,070
162,615
199,770
233,306
280,229
140,708
146,238
180,340
212,043
255,192
2.Non-current liabilities
15,362
16,377
19,430
21,263
25,037
C.Total assets (C1+C2)
273,545
292,243
339,942
370,778
415,090
1.Current assets (a + b)
266,132
285,147
325,367
357,050
402,121
19,768
9,969
61,301
7,427
14,070
246,364
275,178
264,066
349,623
388,051
7,413
7,096
14,575
13,728
12,969
6,990
6,703
14,459
13,347
12,478
0
0
0
0
0
423
393
116
381
491
1.Gross revenue(loss)
624,105
730,551
827,864
734,216
897,590
2.Operating expenses
37,674
43,088
46,822
54,444
62,522
586,431
687,463
781,042
679,772
835,068
2,595
3,777
2,063
2,346
2,564
5.Profit/(loss) before taxation
43,063
59,869
80,885
65,031
73,105
6.Profit/(loss) after taxation
16,516
27,153
42,017
33,299
30,551
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
3.Operating profit
4.Modaraba co's management fees
E.Other items
3,000
3,000
3,000
3,000
3,000
50.00%
90.00%
120.00%
100.00%
56.67%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
26,568
9,220
79,070
(46,929)
(48,400)
1.Return on equity (ROE) (D6/A)
14.06%
20.95%
29.98%
24.22%
22.65%
2.Return on capital employed (ROCE) (D5/(C-B1))
1.No. of certificates (000)
2.Cash dividend
F.Efficiency ratios/profitability ratios
32.42%
41.00%
50.68%
40.97%
45.72%
3.Return on assets (ROA) (D6/C)
6.04%
9.29%
12.36%
8.98%
7.36%
4.Return on revenue (D6/D1)
2.65%
3.72%
5.08%
4.54%
3.40%
228.11%
158.69%
111.44%
163.50%
204.65%
6.89%
8.77%
4.41%
4.31%
4.10%
5.51
9.05
14.01
11.10
10.18
1.Current assets to current liabilities (C1/B1) (times)
1.89
1.95
1.80
1.68
1.58
2.Total liabilities to total assets (B/C) (times)
0.57
0.56
0.59
0.63
0.68
0.00%
0.00%
0.00%
0.00%
0.00%
42.95%
44.36%
41.23%
37.08%
32.49%
39.16
43.21
46.72
45.82
44.95
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
1.61
0.34
1.88
-1.41
-1.58
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.19
0.06
0.44
-0.22
-0.19
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
127
Financial Statement Analysis of Financial Sector
First National Bank Modaraba
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
263,701
141,525
87,693
16,333
8,144
250,000
250,000
250,000
250,000
250,000
13,701
(108,475)
43,955
43,955
43,955
(206,262)
(277,622)
(285,811)
0
0
0
0
0
0
0
1,436,869
1,106,824
753,612
492,145
347,922
905,248
855,122
604,048
429,546
342,714
531,621
251,702
149,564
62,599
5,208
1,700,570
1,248,349
841,305
508,478
356,066
627,178
403,307
292,401
246,152
219,842
42,801
89,488
14,743
49,708
51,654
584,377
313,819
277,658
196,444
168,188
1,073,392
845,042
548,904
262,326
136,224
979,401
709,397
466,286
247,452
124,919
b.Long-term investments
67,852
113,572
36,150
3,377
8,858
c.Other non-current assets
26,139
22,073
46,468
11,497
2,447
1.Gross revenue(loss)
558,124
451,402
314,369
179,801
67,895
2.Operating expenses
24,022
23,211
16,130
15,175
15,551
534,102
428,191
298,239
164,626
52,344
0
0
0
0
0
a.Fixed assets
D.Profit & loss account
3.Operating profit
4.Modaraba co's management fees
5.Profit/(loss) before taxation
(34,212)
(122,176)
(53,832)
(71,360)
(8,189)
6.Profit/(loss) after taxation
(34,212)
(122,176)
(53,832)
(71,360)
(8,189)
1.No. of certificates (000)
25,000
25,000
25,000
25,000
25,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
722,269
535,019
(18,416)
198,034
41,583
-12.97%
-86.33%
-61.39%
-436.91%
-100.55%
2.Return on capital employed (ROCE) (D5/(C-B1))
-4.30%
-31.07%
-22.69%
-90.41%
-61.33%
3.Return on assets (ROA) (D6/C)
-2.01%
-9.79%
-6.40%
-14.03%
-2.30%
4.Return on revenue (D6/D1)
-6.13%
-27.07%
-17.12%
-39.69%
-12.06%
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
-70.22%
-19.00%
-29.96%
-21.27%
-189.90%
6.Management expenses (D4/D2)
0.00%
0.00%
0.00%
0.00%
0.00%
7.Earning Per Certificate (D6/E1)
-1.37
-4.89
-2.15
-2.85
-0.33
1.Current assets to current liabilities (C1/B1) (times)
0.69
0.47
0.48
0.57
0.64
2.Total liabilities to total assets (B/C) (times)
0.84
0.89
0.90
0.97
0.98
3.99%
9.10%
4.30%
0.66%
2.49%
15.51%
11.34%
10.42%
3.21%
2.29%
10.55
5.66
3.51
0.65
0.33
-21.11
-4.38
0.34
-2.78
-5.08
0.80
0.63
-0.03
0.46
0.12
5.Operating expenses to net income (D2/D6)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
128
Financial Statement Analysis of Financial Sector
First Pak Modaraba
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
59,182
60,738
59,811
62,481
62,563
125,400
125,400
125,400
125,400
125,400
24,717
25,028
25,068
25,602
26,045
(90,935)
(89,690)
(90,657)
(88,521)
(88,882)
0
0
0
0
0
8,031
5,955
7,621
7,579
12,914
8,031
5,955
6,006
5,964
6,725
0
0
1,615
1,615
6,189
C.Total assets (C1+C2)
67,213
66,693
67,432
70,060
75,477
1.Current assets (a + b)
57,126
61,108
54,559
43,092
40,509
a.Cash and banks balances
31,489
49,380
42,483
16,158
15,591
b.Other current assets
25,637
11,728
12,076
26,934
24,918
10,087
5,585
12,873
26,968
34,968
106
73
5,476
4,879
21,273
0
0
0
0
0
9,981
5,512
7,397
22,089
13,695
1.Gross revenue(loss)
6,877
6,802
4,923
7,908
10,187
2.Operating expenses
3,658
5,168
4,500
3,569
4,291
3.Operating profit
3,219
1,634
423
4,339
5,896
0
156
20
267
221
5.Profit/(loss) before taxation
(15,656)
1,557
201
2,671
2,213
6.Profit/(loss) after taxation
(15,656)
1,557
201
2,671
2,213
1.No. of certificates (000)
12,540
12,540
12,540
12,540
12,540
2.Cash dividend
1.50%
0.90%
0.00%
1.70%
1.40%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(12,541)
3,863
(1,772)
(25,617)
20,914
1.Return on equity (ROE) (D6/A)
-26.45%
2.56%
0.34%
4.27%
3.54%
2.Return on capital employed (ROCE) (D5/(C-B1))
-26.45%
2.56%
0.33%
4.17%
3.22%
3.Return on assets (ROA) (D6/C)
-23.29%
2.33%
0.30%
3.81%
2.93%
-227.66%
22.89%
4.08%
33.78%
21.72%
2.Non-current liabilities
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
4.Modaraba co's management fees
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
-23.36%
331.92%
2,238.81%
133.62%
193.90%
6.Management expenses (D4/D2)
0.00%
3.02%
0.44%
7.48%
5.15%
7.Earning Per Certificate (D6/E1)
-1.25
0.12
0.02
0.21
0.18
1.Current assets to current liabilities (C1/B1) (times)
7.11
10.26
9.08
7.23
6.02
2.Total liabilities to total assets (B/C) (times)
0.12
0.09
0.11
0.11
0.17
0.00%
0.00%
0.00%
0.00%
0.00%
88.05%
91.07%
88.70%
89.18%
82.89%
4.72
4.84
4.77
4.98
4.99
0.80
2.48
-8.82
-9.59
9.45
-1.56
0.65
-0.30
-4.30
3.11
5.Operating expenses to net income (D2/D6)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
129
Financial Statement Analysis of Financial Sector
First Paramount Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
179,493
206,415
215,768
212,607
213,141
1.Certificate capital
83,846
119,899
137,884
137,884
137,884
2.Reserves
64,464
58,110
42,733
44,169
47,387
3.Unappropriated profit
31,183
28,406
35,151
30,554
27,870
Items
A.Total equity (A1 to A3)
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
0
0
0
0
0
141,575
233,437
294,678
253,253
231,075
61,773
88,725
92,160
66,712
103,055
2.Non-current liabilities
79,802
144,712
202,518
186,541
128,020
C.Total assets (C1+C2)
321,068
439,852
510,446
465,860
444,216
1.Current assets (a + b)
183,982
283,869
396,628
348,041
316,176
41,631
51,481
45,581
54,066
25,579
142,351
232,388
351,047
293,975
290,597
137,086
155,983
113,818
117,819
128,040
60,188
55,645
34,152
24,617
24,787
0
0
0
0
0
76,898
100,338
79,666
93,202
103,253
1.Gross revenue(loss)
55,203
72,541
145,624
202,191
257,140
2.Operating expenses
35,629
50,861
113,775
180,827
234,425
3.Operating profit
19,574
21,680
31,849
21,364
22,715
1,626
1,319
1,694
933
1,485
5.Profit/(loss) before taxation
12,388
10,817
13,912
7,180
11,061
6.Profit/(loss) after taxation
12,388
10,817
13,912
7,180
10,865
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
4.Modaraba co's management fees
E.Other items
8,384
11,990
13,788
13,788
13,788
2.Cash dividend
13.00%
8.00%
7.50%
7.00%
7.00%
3.Stock dividend/bonus shares
10.00%
15.00%
0.00%
0.00%
0.00%
5,060
(23,803)
(51,426)
33,085
3,889
1.Return on equity (ROE) (D6/A)
6.90%
5.24%
6.45%
3.38%
5.10%
2.Return on capital employed (ROCE) (D5/(C-B1))
4.78%
3.08%
3.33%
1.80%
3.24%
3.Return on assets (ROA) (D6/C)
3.86%
2.46%
2.73%
1.54%
2.45%
22.44%
14.91%
9.55%
3.55%
4.23%
287.61%
470.20%
817.82%
2,518.48%
2,157.62%
4.56%
2.59%
1.49%
0.52%
0.63%
1.48
0.90
1.01
0.52
0.79
1.Current assets to current liabilities (C1/B1) (times)
2.98
3.20
4.30
5.22
3.07
2.Total liabilities to total assets (B/C) (times)
0.44
0.53
0.58
0.54
0.52
0.00%
0.00%
0.00%
0.00%
0.00%
55.90%
46.93%
42.27%
45.64%
47.98%
21.41
17.22
15.65
15.42
15.46
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
0.41
-2.20
-3.70
4.61
0.36
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.08
-0.27
-0.56
0.50
0.04
1.No. of certificates (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
130
Financial Statement Analysis of Financial Sector
First Prudential Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
422,989
450,947
454,488
453,968
423,066
1.Certificate capital
872,177
872,177
872,177
872,177
872,177
2.Reserves
138,651
144,084
148,247
151,283
151,283
(587,839)
(565,314)
(565,936)
(569,492)
(600,394)
Items
A.Total equity (A1 to A3)
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
0
0
(2,097)
(1,808)
(1,868)
61,574
61,024
59,696
62,799
73,505
57,555
54,841
50,115
51,522
52,951
4,019
6,183
9,581
11,277
20,554
C.Total assets (C1+C2)
484,563
511,971
512,087
514,959
494,703
1.Current assets (a + b)
326,186
371,534
357,991
273,587
215,299
a.Cash and banks balances
190,145
315,062
241,497
95,328
45,039
b.Other current assets
136,041
56,472
116,494
178,259
170,260
158,377
140,437
154,096
241,372
279,404
a.Fixed assets
60,729
63,915
109,310
78,031
91,378
b.Long-term investments
14,188
47,103
35,328
63,684
62,124
c.Other non-current assets
83,460
29,419
9,458
99,657
125,902
1.Gross revenue(loss)
64,437
55,897
52,631
54,388
59,982
2.Operating expenses
18,039
20,374
26,002
26,742
23,173
3.Operating profit
46,398
35,523
26,629
27,646
36,809
0
2,717
2,082
1,518
0
5.Profit/(loss) before taxation
(72,263)
27,166
20,816
15,179
(19,564)
6.Profit/(loss) after taxation
(72,263)
27,166
20,816
15,179
(19,564)
1.No. of certificates (000)
87,218
87,218
87,218
87,218
87,218
2.Cash dividend
1.40%
2.30%
1.80%
1.30%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
(1,635)
55,287
(1,762)
(122,847)
(2,919)
2.Non-current liabilities
2.Non-current assets (a + b + c)
D.Profit & loss account
4.Modaraba co's management fees
E.Other items
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
-17.08%
6.02%
4.58%
3.34%
-4.62%
2.Return on capital employed (ROCE) (D5/(C-B1))
-16.92%
5.94%
4.51%
3.28%
-4.43%
3.Return on assets (ROA) (D6/C)
-14.91%
5.31%
4.06%
2.95%
-3.95%
-112.15%
48.60%
39.55%
27.91%
-32.62%
4.Return on revenue (D6/D1)
-24.96%
75.00%
124.91%
176.18%
-118.45%
6.Management expenses (D4/D2)
0.00%
13.34%
8.01%
5.68%
0.00%
7.Earning Per Certificate (D6/E1)
-0.83
0.31
0.24
0.17
-0.22
1.Current assets to current liabilities (C1/B1) (times)
5.67
6.77
7.14
5.31
4.07
2.Total liabilities to total assets (B/C) (times)
0.13
0.12
0.12
0.12
0.15
2.93%
9.20%
6.90%
12.37%
12.56%
87.29%
88.08%
88.75%
88.16%
85.52%
4.85
5.17
5.21
5.20
4.85
0.02
2.04
-0.08
-8.09
0.15
-0.03
1.01
-0.04
-2.38
-0.06
5.Operating expenses to net income (D2/D6)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
131
Financial Statement Analysis of Financial Sector
First Punjab Modaraba
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
92,731
170,717
181,733
191,650
203,394
340,200
340,200
340,200
340,200
340,200
(247,469)
(169,483)
204,120
209,697
215,447
(362,587)
(358,247)
(352,253)
0
0
0
0
0
0
0
1,231,686
1,035,024
1,245,629
1,682,169
1,789,466
222,600
209,078
281,985
574,487
574,941
2.Non-current liabilities
1,009,086
825,946
963,644
1,107,682
1,214,525
C.Total assets (C1+C2)
1,324,417
1,205,741
1,427,362
1,873,819
1,992,860
866,160
821,576
839,608
1,081,453
1,164,898
1.Current assets (a + b)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
64,166
111,190
30,065
41,753
47,169
801,994
710,386
809,543
1,039,700
1,117,729
458,257
384,165
587,754
792,366
827,962
352,655
204,555
218,350
181,418
229,128
b.Long-term investments
61,426
122,225
310,447
554,186
536,307
c.Other non-current assets
44,176
57,385
58,957
56,762
62,527
1.Gross revenue(loss)
297,535
353,205
139,483
173,639
176,954
2.Operating expenses
24,164
19,414
22,077
29,374
35,351
273,371
333,791
117,406
144,265
141,603
3,102
4,103
1,716
2,672
3,079
5.Profit/(loss) before taxation
58,943
98,469
21,162
24,048
27,713
6.Profit/(loss) after taxation
74,296
94,531
27,533
27,885
28,754
1.No. of certificates (000)
34,020
34,020
34,020
34,020
34,020
2.Cash dividend
5.00%
5.00%
5.00%
5.00%
0.05%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
261,583
265,555
42,174
37,491
(36,314)
80.12%
55.37%
15.15%
14.55%
14.14%
2.Return on capital employed (ROCE) (D5/(C-B1))
5.35%
9.88%
1.85%
1.85%
1.95%
3.Return on assets (ROA) (D6/C)
5.61%
7.84%
1.93%
1.49%
1.44%
4.Return on revenue (D6/D1)
24.97%
26.76%
19.74%
16.06%
16.25%
5.Operating expenses to net income (D2/D6)
32.52%
20.54%
80.18%
105.34%
122.94%
6.Management expenses (D4/D2)
12.84%
21.13%
7.77%
9.10%
8.71%
2.18
2.78
0.81
0.82
0.85
1.Current assets to current liabilities (C1/B1) (times)
3.89
3.93
2.98
1.88
2.03
2.Total liabilities to total assets (B/C) (times)
0.93
0.86
0.87
0.90
0.90
4.64%
10.14%
21.75%
29.58%
26.91%
7.00%
14.16%
12.73%
10.23%
10.21%
2.73
5.02
5.34
5.63
5.98
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
3.52
2.81
1.53
1.34
-1.26
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
1.18
1.27
0.15
0.07
-0.06
a.Fixed assets
D.Profit & loss account
3.Operating profit
4.Modaraba co's management fees
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
132
Financial Statement Analysis of Financial Sector
First Treet Manufacturing Modaraba
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,557,151
1,661,302
4,431,064
4,514,382
4,041,602
1,304,000
1,304,000
1,956,000
1,956,000
1,956,000
252,091
313,436
2,383,598
2,464,811
2,464,811
1,060
43,866
91,466
93,571
(379,209)
43,952
31,135
29,753
28,371
26,989
128,220
360,335
730,183
4,324,551
8,150,774
128,220
191,242
617,334
4,268,125
8,150,774
0
169,093
112,849
56,426
0
C.Total assets (C1+C2)
1,729,323
2,052,772
5,191,000
8,867,304
12,219,365
1.Current assets (a + b)
1,229,268
1,357,475
1,382,380
2,015,512
3,767,288
2.Non-current liabilities
181,037
143,381
200,209
147,628
589,898
1,048,231
1,214,094
1,182,171
1,867,884
3,177,390
500,055
695,297
3,808,620
6,851,792
8,452,077
461,566
665,119
3,780,937
6,827,550
8,436,604
0
0
0
0
0
38,489
30,178
27,683
24,242
15,473
1.Gross revenue(loss)
187,492
295,444
366,140
348,867
49,409
2.Operating expenses
117,468
142,924
168,253
149,213
342,816
70,024
152,520
197,887
199,654
(293,407)
0
0
0
0
5.Profit/(loss) before taxation
85,910
172,094
244,358
204,577
(357,120)
6.Profit/(loss) after taxation
85,910
172,094
244,358
204,577
(357,120)
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
3.Operating profit
4.Modaraba co's management fees
0
E.Other items
130,400
130,400
195,600
195,600
195,600
2.Cash dividend
3.45%
6.20%
6.27%
5.98%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
13,923
228,189
265,255
(346,864)
(1,519,086)
1.Return on equity (ROE) (D6/A)
5.52%
10.36%
5.51%
4.53%
-8.84%
2.Return on capital employed (ROCE) (D5/(C-B1))
5.37%
9.24%
5.34%
4.45%
-8.78%
3.Return on assets (ROA) (D6/C)
4.97%
8.38%
4.71%
2.31%
-2.92%
45.82%
58.25%
66.74%
58.64%
-722.78%
136.73%
83.05%
68.86%
72.94%
-95.99%
0.00%
0.00%
0.00%
0.00%
0.00%
0.66
1.32
1.25
1.05
-1.83
1.Current assets to current liabilities (C1/B1) (times)
9.59
7.10
2.24
0.47
0.46
2.Total liabilities to total assets (B/C) (times)
0.07
0.18
0.14
0.49
0.67
0.00%
0.00%
0.00%
0.00%
0.00%
90.04%
80.93%
85.36%
50.91%
33.08%
11.94
12.74
22.65
23.08
20.66
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
0.16
1.33
1.09
-1.70
4.25
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.11
1.19
0.43
-0.08
-0.19
1.No. of certificates (000)
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
133
Financial Statement Analysis of Financial Sector
First Tri-Star Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
-
-
204,502
206,505
208,825
1.Certificate capital
-
-
211,631
211,631
211,631
2.Reserves
-
-
30,053
31,280
31,744
3.Unappropriated profit
-
-
(37,182)
(36,406)
(34,550)
4.Others
-
-
(8,168)
(6,990)
(7,599)
-
-
19,601
12,538
11,355
1.Current liabilities
-
-
19,601
12,538
11,355
Items
A.Total equity (A1 to A3)
B.Total liabilities (B1 + B2)
2.Non-current liabilities
-
-
0
0
0
C.Total assets (C1+C2)
-
-
215,935
212,053
212,581
1.Current assets (a + b)
-
-
8,585
5,492
21,488
a.Cash and banks balances
-
-
139
141
231
b.Other current assets
-
-
8,446
5,351
21,257
-
-
207,350
206,561
191,093
a.Fixed assets
-
-
1,709
139,264
1,322
b.Long-term investments
-
-
72,720
67,276
189,750
c.Other non-current assets
-
-
132,921
21
21
-
-
4,708
6,942
18,000
2,659
15,711
2.Non-current assets (a + b + c)
D.Profit & loss account
1.Gross revenue(loss)
2.Operating expenses
-
-
607
3.Operating profit
-
-
4,101
4,283
2,289
4.Modaraba co's management fees
-
-
0
385
0
5.Profit/(loss) before taxation
-
-
4,134
3,412
2,320
6.Profit/(loss) after taxation
-
-
4,134
2,004
2,320
1.No. of certificates (000)
-
-
21,163
21,163
21,163
2.Cash dividend
-
-
0.00%
0.00%
0.01%
3.Stock dividend/bonus shares
-
-
0.00%
0.00%
0.00%
4.Cash generated from operating activities
-
-
132,687
22
(1,347)
1.Return on equity (ROE) (D6/A)
-
-
2.02%
0.97%
1.11%
2.Return on capital employed (ROCE) (D5/(C-B1))
-
-
2.11%
1.71%
1.15%
3.Return on assets (ROA) (D6/C)
-
-
1.91%
0.95%
1.09%
28.87%
12.89%
E.Other items
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
-
-
87.81%
5.Operating expenses to net income (D2/D6)
-
-
14.68%
132.68%
677.20%
6.Management expenses (D4/D2)
-
-
0.00%
14.48%
0.00%
-
-
0.20
0.09
0.11
-
-
0.44
0.44
1.89
0.06
0.05
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
2.Total liabilities to total assets (B/C) (times)
-
-
0.09
3.Long term investment to total assets (C2b/C)
-
-
33.68%
31.73%
89.26%
1.Capital ratio (A/C)
-
-
94.71%
97.38%
98.23%
2.Break up value per certificate (A/E1)
-
-
9.66
9.76
9.87
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
-
-
32.10
0.01
-0.58
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-
-
6.77
0.00
-0.12
H.Capital /leverage ratios
I.Cash flow ratio
134
Financial Statement Analysis of Financial Sector
First UDL Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
508,554
579,135
547,503
553,646
517,388
1.Certificate capital
263,866
263,866
263,866
263,866
263,866
2.Reserves
215,716
245,665
252,531
259,037
259,037
28,972
69,604
31,106
30,743
(5,515)
Items
A.Total equity (A1 to A3)
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
69,336
51,595
95,524
167,142
70,814
250,858
236,728
237,346
136,394
108,237
86,003
90,401
99,625
117,173
97,927
2.Non-current liabilities
164,855
146,327
137,721
19,221
10,310
C.Total assets (C1+C2)
828,748
867,458
880,373
857,182
696,439
1.Current assets (a + b)
224,868
237,648
256,853
203,309
207,016
a.Cash and banks balances
122,877
93,392
148,389
91,589
55,860
b.Other current assets
101,991
144,256
108,464
111,720
151,156
603,880
629,810
623,520
653,873
489,423
a.Fixed assets
466,958
396,032
398,292
312,720
251,688
b.Long-term investments
136,780
233,636
224,351
300,972
202,366
142
142
877
40,181
35,369
1.Gross revenue(loss)
256,773
125,325
175,138
225,162
233,404
2.Operating expenses
40,531
48,622
48,159
53,302
46,094
216,242
76,703
126,979
171,860
187,310
7,900
16,977
3,950
4,029
0
5.Profit/(loss) before taxation
68,441
149,741
34,334
32,530
(4,898)
6.Profit/(loss) after taxation
68,441
149,741
34,334
32,530
(7,232)
2.Non-current assets (a + b + c)
c.Other non-current assets
D.Profit & loss account
3.Operating profit
4.Modaraba co's management fees
E.Other items
26,386
26,387
26,387
26,387
26,387
21.00%
45.00%
10.00%
11.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.10%
4.Cash generated from operating activities
85,715
7,254
71,424
101,168
(32,457)
13.46%
25.86%
6.27%
5.88%
-1.40%
2.Return on capital employed (ROCE) (D5/(C-B1))
9.21%
19.27%
4.40%
4.40%
-0.82%
3.Return on assets (ROA) (D6/C)
8.26%
17.26%
3.90%
3.79%
-1.04%
4.Return on revenue (D6/D1)
26.65%
119.48%
19.60%
14.45%
-3.10%
5.Operating expenses to net income (D2/D6)
59.22%
32.47%
140.27%
163.85%
-637.36%
6.Management expenses (D4/D2)
19.49%
34.92%
8.20%
7.56%
0.00%
2.59
5.67
1.30
1.23
-0.27
1.Current assets to current liabilities (C1/B1) (times)
2.61
2.63
2.58
1.74
2.11
2.Total liabilities to total assets (B/C) (times)
0.30
0.27
0.27
0.16
0.16
16.50%
26.93%
25.48%
35.11%
29.06%
61.36%
66.76%
62.19%
64.59%
74.29%
19.27
21.95
20.75
20.98
19.61
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
1.25
0.05
2.08
3.11
4.49
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
1.00
0.08
0.72
0.86
-0.33
1.No. of certificates (000)
2.Cash dividend
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
135
Financial Statement Analysis of Financial Sector
IBL Modaraba
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
179,787
176,125
178,832
182,865
189,280
201,875
201,875
201,875
201,875
216,875
49,056
47,813
46,686
49,799
48,386
(71,144)
(73,563)
(69,729)
(68,809)
(75,981)
0
0
0
0
0
43,923
36,316
45,433
45,486
34,942
34,944
26,065
35,386
35,722
24,787
8,979
10,251
10,047
9,764
10,155
C.Total assets (C1+C2)
223,710
212,441
224,265
228,350
224,222
1.Current assets (a + b)
82,759
89,317
88,554
85,668
104,646
a.Cash and banks balances
30,354
24,577
20,702
13,917
23,504
b.Other current assets
52,405
64,740
67,852
71,751
81,142
140,951
123,124
135,711
142,682
119,576
a.Fixed assets
24,232
33,165
36,507
44,854
42,982
b.Long-term investments
92,084
87,084
82,084
77,084
72,084
c.Other non-current assets
24,635
2,875
17,120
20,744
4,510
1.Gross revenue(loss)
36,069
35,772
43,915
47,400
35,689
2.Operating expenses
19,362
21,002
22,154
24,436
22,010
3.Operating profit
2.Non-current liabilities
2.Non-current assets (a + b + c)
D.Profit & loss account
16,707
14,770
21,761
22,964
13,679
4.Modaraba co's management fees
1,030
592
1,093
1,112
5
5.Profit/(loss) before taxation
9,267
5,328
9,840
11,209
43
6.Profit/(loss) after taxation
9,267
5,328
9,840
10,008
43
1.No. of certificates (000)
20,188
20,188
20,188
20,188
21,688
2.Cash dividend
3.31%
2.00%
3.51%
3.57%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
29,768
26,150
37,143
(7,638)
27,686
1.Return on equity (ROE) (D6/A)
5.15%
3.03%
5.50%
5.47%
0.02%
2.Return on capital employed (ROCE) (D5/(C-B1))
4.91%
2.86%
5.21%
5.82%
0.02%
3.Return on assets (ROA) (D6/C)
4.14%
2.51%
4.39%
4.38%
0.02%
25.69%
14.89%
22.41%
21.11%
0.12%
208.93%
394.18%
225.14%
244.16%
51,186.05%
5.32%
2.82%
4.93%
4.55%
0.02%
0.46
0.26
0.49
0.50
0.00
1.Current assets to current liabilities (C1/B1) (times)
2.37
3.43
2.50
2.40
4.22
2.Total liabilities to total assets (B/C) (times)
0.20
0.17
0.20
0.20
0.16
41.16%
40.99%
36.60%
33.76%
32.15%
80.37%
82.91%
79.74%
80.08%
84.42%
8.91
8.72
8.86
9.06
8.73
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
3.21
4.91
3.77
-0.76
643.86
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.85
1.00
1.05
-0.21
1.12
E.Other items
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
136
Financial Statement Analysis of Financial Sector
KASB Modaraba
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
288,447
484,195
487,994
490,416
373,908
282,744
480,665
480,665
480,665
480,665
72,891
78,469
82,591
83,505
83,505
(67,188)
(74,939)
(75,262)
(73,754)
(190,262)
1,224
(98,961)
(98,961)
(98,960)
(98,960)
1,015,888
597,494
512,212
208,251
100,650
846,682
345,046
295,207
137,637
79,115
169,206
252,448
217,005
70,614
21,535
C.Total assets (C1+C2)
1,305,559
982,728
901,245
599,707
375,598
1.Current assets (a + b)
1,004,538
680,456
591,030
488,336
277,741
a.Cash and banks balances
172,123
145,845
48,705
22,604
30,948
b.Other current assets
832,415
534,611
542,325
465,732
246,793
301,021
302,272
310,215
111,371
97,857
79,296
48,845
68,653
52,056
35,660
6,267
2,609
0
0
0
215,458
250,818
241,562
59,315
62,197
1.Gross revenue(loss)
171,982
173,557
141,519
85,127
46,011
2.Operating expenses
44,905
66,207
73,669
56,723
51,303
127,077
107,350
67,850
28,404
(5,292)
2,715
1,717
824
457
5.Profit/(loss) before taxation
23,995
11,155
8,245
4,570
(114,209)
6.Profit/(loss) after taxation
23,995
11,155
8,245
4,570
(114,209)
1.No. of certificates (000)
28,274
48,067
48,067
48,067
48,067
2.Cash dividend
2.40%
1.10%
0.80%
0.70%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
307,844
220,384
50,279
242,412
98,825
1.Return on equity (ROE) (D6/A)
8.32%
2.30%
1.69%
0.93%
-30.54%
2.Return on capital employed (ROCE) (D5/(C-B1))
5.23%
1.75%
1.36%
0.99%
-38.52%
3.Return on assets (ROA) (D6/C)
1.84%
1.14%
0.91%
0.76%
-30.41%
13.95%
6.43%
5.83%
5.37%
-248.22%
187.14%
593.52%
893.50%
1,241.20%
-44.92%
6.05%
2.59%
1.12%
0.81%
0.00%
0.85
0.23
0.17
0.10
-2.38
1.Current assets to current liabilities (C1/B1) (times)
1.19
1.97
2.00
3.55
3.51
2.Total liabilities to total assets (B/C) (times)
0.78
0.61
0.57
0.35
0.27
0.48%
0.27%
0.00%
0.00%
0.00%
22.09%
49.27%
54.15%
81.78%
99.55%
10.20
10.07
10.15
10.20
7.78
12.83
19.76
6.10
53.04
-0.87
0.36
0.64
0.17
1.76
1.25
2.Non-current liabilities
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
3.Operating profit
4.Modaraba co's management fees
0
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
137
Financial Statement Analysis of Financial Sector
Modaraba Al-Mali
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
153,943
158,766
159,540
162,377
168,478
184,239
184,239
184,239
184,239
184,239
56,583
57,523
58,459
59,764
62,082
(86,879)
(82,996)
(83,158)
(81,626)
(77,843)
0
0
0
0
0
54,313
46,945
59,800
33,907
27,132
36,743
34,777
33,158
26,318
26,897
2.Non-current liabilities
17,570
12,168
26,642
7,589
235
C.Total assets (C1+C2)
208,256
205,712
219,339
196,284
195,610
1.Current assets (a + b)
88,827
49,966
44,832
66,402
101,048
a.Cash and banks balances
29,821
12,285
5,936
19,591
47,176
b.Other current assets
59,006
37,681
38,896
46,811
53,872
119,429
155,746
174,507
129,882
94,562
77,405
155,746
174,507
124,550
84,160
0
0
0
0
0
42,024
0
0
5,332
10,402
1.Gross revenue(loss)
12,724
30,183
54,389
55,272
49,096
2.Operating expenses
19,235
15,944
13,912
10,117
10,516
3.Operating profit
(6,511)
14,239
40,477
45,155
38,580
0
0
0
0
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
4.Modaraba co's management fees
0
(9,262)
5,166
5,267
7,263
12,708
(24,722)
4,702
4,681
6,522
11,594
1.No. of certificates (000)
18,424
18,424
18,424
18,424
18,424
2.Cash dividend
0.00%
2.00%
2.00%
2.80%
5.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
1,795
40,154
41,505
26,590
29,194
-16.06%
2.96%
2.93%
4.02%
6.88%
7.53%
5.Profit/(loss) before taxation
6.Profit/(loss) after taxation
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
2.Return on capital employed (ROCE) (D5/(C-B1))
3.Return on assets (ROA) (D6/C)
4.Return on revenue (D6/D1)
-5.40%
3.02%
2.83%
4.27%
-11.87%
2.29%
2.13%
3.32%
5.93%
-194.29%
15.58%
8.61%
11.80%
23.61%
-77.81%
339.09%
297.20%
155.12%
90.70%
6.Management expenses (D4/D2)
0.00%
0.00%
0.00%
0.00%
0.00%
7.Earning Per Certificate (D6/E1)
-1.34
0.26
0.25
0.35
0.63
1.Current assets to current liabilities (C1/B1) (times)
2.42
1.44
1.35
2.52
3.76
2.Total liabilities to total assets (B/C) (times)
0.26
0.23
0.27
0.17
0.14
0.00%
0.00%
0.00%
0.00%
0.00%
73.92%
77.18%
72.74%
82.73%
86.13%
8.36
8.62
8.66
8.81
9.14
-0.07
8.54
8.87
4.08
2.52
0.05
1.15
1.25
1.01
1.09
5.Operating expenses to net income (D2/D6)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
138
Financial Statement Analysis of Financial Sector
Orix Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,093,505
1,152,825
1,176,182
1,150,119
1,147,880
1.Certificate capital
453,835
453,835
453,835
453,835
453,835
2.Reserves
486,393
525,487
534,143
540,555
546,570
3.Unappropriated profit
153,277
173,503
188,204
155,729
147,475
Items
A.Total equity (A1 to A3)
0
0
0
0
0
4,941,811
4,027,424
4,122,954
4,812,172
5,805,557
1.Current liabilities
2,513,443
1,700,374
2,825,897
3,467,564
4,206,170
2.Non-current liabilities
2,428,368
2,327,050
1,297,057
1,344,608
1,599,387
C.Total assets (C1+C2)
6,035,316
5,180,249
5,299,136
5,962,291
6,953,437
823,724
751,520
591,358
590,809
1,173,942
a.Cash and banks balances
143,905
267,884
266,802
367,303
409,085
b.Other current assets
679,819
483,636
324,556
223,506
764,857
5,211,592
4,428,729
4,707,778
5,371,482
5,779,495
4,217,492
3,553,141
3,678,230
4,475,895
3,850,100
994,100
875,588
1,029,548
895,587
1,929,395
0
0
0
0
0
1.Gross revenue(loss)
2,308,433
2,061,789
1,848,281
1,890,890
1,953,231
2.Operating expenses
87,756
95,820
106,551
130,365
139,705
2,220,677
1,965,969
1,741,730
1,760,525
1,813,526
20,974
22,538
19,939
13,596
13,839
5.Profit/(loss) before taxation
181,704
195,470
173,123
128,241
120,297
6.Profit/(loss) after taxation
181,704
195,470
173,123
128,241
120,297
4.Others
B.Total liabilities (B1 + B2)
1.Current assets (a + b)
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
3.Operating profit
4.Modaraba co's management fees
E.Other items
45,384
45,384
45,384
45,384
45,384
30.00%
33.00%
34.00%
27.00%
25.00%
0.00%
0.00%
0.00%
0.00%
0.00%
446,588
877,631
201,044
(341,089)
(915,419)
16.62%
16.96%
14.72%
11.15%
10.48%
2.Return on capital employed (ROCE) (D5/(C-B1))
5.16%
5.62%
7.00%
5.14%
4.38%
3.Return on assets (ROA) (D6/C)
3.01%
3.77%
3.27%
2.15%
1.73%
4.Return on revenue (D6/D1)
7.87%
9.48%
9.37%
6.78%
6.16%
5.Operating expenses to net income (D2/D6)
48.30%
49.02%
61.55%
101.66%
116.13%
6.Management expenses (D4/D2)
23.90%
23.52%
18.71%
10.43%
9.91%
4.00
4.31
3.81
2.83
2.65
1.Current assets to current liabilities (C1/B1) (times)
0.33
0.44
0.21
0.17
0.28
2.Total liabilities to total assets (B/C) (times)
0.82
0.78
0.78
0.81
0.83
16.47%
16.90%
19.43%
15.02%
27.75%
18.12%
22.25%
22.20%
19.29%
16.51%
24.09
25.40
25.92
25.34
25.29
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
2.46
4.49
1.16
-2.66
-7.61
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.18
0.52
0.07
-0.10
-0.22
1.No. of certificates (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D6/A)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
139
Financial Statement Analysis of Financial Sector
Popular Islamic Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
-
130,309
74,013
78,594
81,222
1.Certificate capital
-
100,000
100,000
100,000
100,000
2.Reserves
-
16,345
16,345
17,261
17,787
3.Unappropriated profit
-
13,964
(42,332)
(38,667)
(36,565)
4.Others
-
0
0
0
0
-
9,822
66,640
80,212
44,310
1.Current liabilities
-
1,986
22,935
30,370
33,983
Items
A.Total equity (A1 to A3)
B.Total liabilities (B1 + B2)
2.Non-current liabilities
-
7,836
43,705
49,842
10,327
C.Total assets (C1+C2)
-
140,131
140,653
158,806
125,532
1.Current assets (a + b)
-
96,942
29,215
50,597
33,288
a.Cash and banks balances
-
4,738
3,035
6,459
6,169
b.Other current assets
-
92,204
26,180
44,138
27,119
-
43,189
111,438
108,209
92,244
a.Fixed assets
-
35,399
106,305
98,940
41,414
b.Long-term investments
-
5,840
3,300
6,768
27,238
-
1,950
1,833
2,501
23,592
-
15,594
26,307
31,398
29,950
2.Operating expenses
-
14,962
23,626
29,803
27,454
3.Operating profit
-
632
2,681
1,595
2,496
4.Modaraba co's management fees
-
452
0
530
338
5.Profit/(loss) before taxation
-
4,522
(55,737)
4,600
2,936
6.Profit/(loss) after taxation
-
4,114
(56,296)
4,581
2,628
1.No. of certificates (000)
-
10,000
10,000
10,000
10,000
2.Cash dividend
-
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
-
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
-
34,043
28,932
13,534
28,520
1.Return on equity (ROE) (D6/A)
-
3.16%
-76.06%
5.83%
3.24%
2.Return on capital employed (ROCE) (D5/(C-B1))
-
3.27%
-47.35%
3.58%
3.21%
3.Return on assets (ROA) (D6/C)
-
2.94%
-40.02%
2.88%
2.09%
4.Return on revenue (D6/D1)
-
26.38%
-214.00%
14.59%
8.77%
5.Operating expenses to net income (D2/D6)
-
363.68%
-41.97%
650.58%
1,044.67%
6.Management expenses (D4/D2)
-
3.02%
0.00%
1.78%
1.23%
-
0.41
-5.63
0.46
0.26
-
48.81
1.27
1.67
0.98
2.Total liabilities to total assets (B/C) (times)
-
0.07
0.47
0.51
0.35
3.Long term investment to total assets (C2b/C)
-
4.17%
2.35%
4.26%
21.70%
1.Capital ratio (A/C)
-
92.99%
52.62%
49.49%
64.70%
2.Break up value per certificate (A/E1)
-
13.03
7.40
7.86
8.12
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
-
8.27
-0.51
2.95
10.85
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-
17.14
1.26
0.45
0.84
2.Non-current assets (a + b + c)
c.Other non-current assets
D.Profit & loss account
1.Gross revenue(loss)
E.Other items
F.Efficiency ratios/profitability ratios
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
H.Capital /leverage ratios
I.Cash flow ratio
140
Financial Statement Analysis of Financial Sector
Sindh Modaraba
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
-
459,591
473,135
483,671
515,786
1.Certificate capital
-
450,000
450,000
450,000
450,000
2.Reserves
-
9,591
23,135
11,324
27,034
3.Unappropriated profit
-
0
0
22,347
38,752
4.Others
-
0
0
500,000
500,000
-
18,819
42,290
44,922
553,643
1.Current liabilities
-
9,492
9,605
25,345
553,467
Items
A.Total equity (A1 to A3)
B.Total liabilities (B1 + B2)
2.Non-current liabilities
-
9,327
32,685
19,577
176
C.Total assets (C1+C2)
-
478,410
515,425
1,028,594
1,569,429
1.Current assets (a + b)
-
324,460
77,776
468,491
1,096,696
a.Cash and banks balances
-
309,604
40,446
370,776
670,733
b.Other current assets
-
14,856
37,330
97,715
425,963
-
153,950
437,649
560,103
472,733
2.Non-current assets (a + b + c)
a.Fixed assets
-
46,288
212,436
140,455
65,481
b.Long-term investments
-
106,475
224,349
419,108
407,036
c.Other non-current assets
-
1,187
864
540
216
-
23,305
85,493
132,576
153,817
2.Operating expenses
-
4,502
17,233
24,124
28,872
3.Operating profit
-
18,803
68,260
108,452
124,945
4.Modaraba co's management fees
-
1,107
2,389
3,024
6,024
5.Profit/(loss) before taxation
-
9,591
20,743
26,287
52,365
6.Profit/(loss) after taxation
-
9,591
20,743
26,287
52,365
1.No. of certificates (000)
-
45,000
45,000
45,000
45,000
2.Cash dividend
-
1.60%
3.50%
4.50%
7.50%
3.Stock dividend/bonus shares
-
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
-
(110,741)
(59,759)
(164,652)
421,035
1.Return on equity (ROE) (D6/A)
-
2.09%
4.38%
5.43%
10.15%
2.Return on capital employed (ROCE) (D5/(C-B1))
-
2.05%
4.10%
2.62%
5.15%
3.Return on assets (ROA) (D6/C)
-
2.00%
4.02%
2.56%
3.34%
4.Return on revenue (D6/D1)
-
41.15%
24.26%
19.83%
34.04%
5.Operating expenses to net income (D2/D6)
-
46.94%
83.08%
91.77%
55.14%
6.Management expenses (D4/D2)
-
24.59%
13.86%
12.54%
20.86%
-
0.21
0.46
0.58
1.16
-
34.18
8.10
18.48
1.98
2.Total liabilities to total assets (B/C) (times)
-
0.04
0.08
0.04
0.35
3.Long term investment to total assets (C2b/C)
-
22.26%
43.53%
40.75%
25.94%
1.Capital ratio (A/C)
-
96.07%
91.80%
47.02%
32.86%
2.Break up value per certificate (A/E1)
-
10.21
10.51
10.75
11.46
D.Profit & loss account
1.Gross revenue(loss)
E.Other items
F.Efficiency ratios/profitability ratios
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
1.Current assets to current liabilities (C1/B1) (times)
H.Capital /leverage ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
-
-11.55
-2.88
-6.26
8.04
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-
-11.67
-6.22
-6.50
0.76
141
Financial Statement Analysis of Financial Sector
Trust Modaraba
Items
A.Total equity (A1 to A3)
1.Certificate capital
2.Reserves
3.Unappropriated profit
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
306,683
310,059
310,165
315,168
306,002
298,000
298,000
298,000
298,000
298,000
8,683
12,059
12,165
17,168
8,002
0
0
0
0
0
0
0
0
0
0
111,547
101,383
86,007
74,765
71,333
50,255
46,992
48,581
45,800
49,823
2.Non-current liabilities
61,292
54,391
37,426
28,965
21,510
C.Total assets (C1+C2)
418,230
411,442
396,172
389,933
377,335
1.Current assets (a + b)
203,647
217,857
207,552
220,782
237,430
2,419
827
11,920
15,997
4,162
201,228
217,030
195,632
204,785
233,268
214,583
193,585
188,620
169,151
139,905
169,146
153,060
134,687
133,572
106,229
5,349
6,314
8,849
7,577
12,324
40,088
34,211
45,084
28,002
21,352
1.Gross revenue(loss)
103,992
85,610
84,709
84,725
64,876
2.Operating expenses
26,934
26,239
28,589
29,576
30,414
3.Operating profit
77,058
59,371
56,120
55,149
34,462
2,248
1,934
1,448
1,573
226
5.Profit/(loss) before taxation
20,229
17,406
13,030
14,155
2,034
6.Profit/(loss) after taxation
20,229
17,406
13,030
14,155
1,923
1.No. of certificates (000)
29,800
29,800
29,800
29,800
29,800
2.Cash dividend
5.00%
4.25%
3.00%
3.50%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
14,663
14,431
25,495
9,532
(6,853)
1.Return on equity (ROE) (D6/A)
6.60%
5.61%
4.20%
4.49%
0.63%
2.Return on capital employed (ROCE) (D5/(C-B1))
5.50%
4.78%
3.75%
4.11%
0.62%
3.Return on assets (ROA) (D6/C)
4.84%
4.23%
3.29%
3.63%
0.51%
19.45%
20.33%
15.38%
16.71%
2.96%
133.15%
150.75%
219.41%
208.94%
1,581.59%
8.35%
7.37%
5.06%
5.32%
0.74%
0.68
0.58
0.44
0.48
0.06
1.Current assets to current liabilities (C1/B1) (times)
4.05
4.64
4.27
4.82
4.77
2.Total liabilities to total assets (B/C) (times)
0.27
0.25
0.22
0.19
0.19
1.28%
1.53%
2.23%
1.94%
3.27%
73.33%
75.36%
78.29%
80.83%
81.10%
10.29
10.40
10.41
10.58
10.27
1.Cash generated from operating activities to profit after tax. (E4/D6) (times)
0.72
0.83
1.96
0.67
-3.56
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.29
0.31
0.52
0.21
-0.14
a.Cash and banks balances
b.Other current assets
2.Non-current assets (a + b + c)
a.Fixed assets
b.Long-term investments
c.Other non-current assets
D.Profit & loss account
4.Modaraba co's management fees
E.Other items
F.Efficiency ratios/profitability ratios
4.Return on revenue (D6/D1)
5.Operating expenses to net income (D2/D6)
6.Management expenses (D4/D2)
7.Earning Per Certificate (D6/E1)
G.Liquidity Ratios
3.Long term investment to total assets (C2b/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per certificate (A/E1)
I.Cash flow ratio
142
Financial Statements Analysis of Financial Sector
2018
Exchange Companies
Components of Balance Sheet
CY 17
CY 18
18
Growth
15.98
16
billion Rs
12
13.53
12.94
14
0.40
0.35
0.30
11.31
0.25
10
0.20
8
percent
Performance at a Glance
Exchange Companies continued its upward
stride in its balance sheet size. Total assets
increased by 18.06 percent to stand at Rs
15.98 billion in CY18 as compared to Rs
13.53 billion in CY17. Exchange companies,
mainly dealing with transfer of funds, cash
and balances have kept around 56.69 percent
share of its total assets in CY18. Similarly,
total equity increased to Rs 12.94 billion in
CY18 from Rs 11.31 billion in CY17,
recording YoY increase of 14.42 percent in
CY18. Profit before and after taxation, both
recorded increases of Rs 1 billion or 133.42
percent and Rs 0.65 billion or 120.88
percent respectively in CY18 over CY17.
0.15
6
4
2.23
0.10
3.04
0.05
2
0
0.00
Total Equity Total Liabilities
incl. others
Total Assets
Analysis of Equity
Total equity increased from Rs 11.31 billion in CY17 to Rs 12.94 billion in CY18 reflecting
YoY increase of 14.42 percent in CY18 over CY17. Share capital increased with YoY growth
of 9.13 percent and touched Rs 10.35 billion in CY18 from Rs 9.48 billion in CY17. Reserves
decreased to Rs 0.06 billion in CY18 from Rs 0.12 billion in CY17.Accumulated profit/loss
also showed an increament of 49.45 percent in CY18 over CY17.
Components of Share Holder's Equity
CY 17
CY 18
Growth
Current and Non-Current Liabilities
CY 17
12.0
0.60
3.0
9.48
0.40
2.5
Growth
0.45
2.68
10.35
10.0
CY 18
0.40
0.00
4.0
-0.20
2.0
1.90
0.30
0.25
1.5
percent
6.0
billion Rs
0.20
percent
billion Rs
0.35
8.0
0.20
2.51
1.68
2.0
0.12
-0.40
0.06
0.0
1.0
0.15
0.32 0.36
0.5
0.05
-0.60
Share capital
Reserves
Accumulated
profit (loss)
0.10
0.0
0.00
Current liabilities
Non-current liabilities
Analysis of Major Components of Laibilities
The current liabilities during CY18 reached at Rs 2.68 billion from Rs 1.90 billion in previous
year, which shows 40.55 percent YOY increament in the current liabilities. Non-current
liabilities also increased and reached at Rs 0.36 billion in CY18 from Rs 0.32 billion in CY17
and showing 12.61 percent YoY growth in CY18. This shows that the overall position of total
liabilities of exchange companies stood at Rs 3.04 billion in CY18, representing YoY growth of
36.50 during the period.
143
Financial Statements Analysis of Financial Sector
2018
Analysis of Assets
Current assets constitutes the major component of total assets of Exchange Companies, whose
share remained 77.44 percent and 79.82 percent of total assets during CY17 and CY18
respectively.Cash and bank balances remained main constituent of current assets, whose share
remained 78.94 percent and 71.03 percent of current assets during CY17 and CY18 respectively
and expanded with a YoY growth of 9.49 percent to reach Rs 9.06 billion in CY18. Non current
assets stood at Rs 3.22 billion with YoY growth of 5.62 percent in CY18.
Analysis of Profitability
Gross revenue climbed up to Rs 7.57 billion in CY18, from Rs 5.33 billion in CY17 showing an
increase of 42.02 percent in CY18 over CY17. Administrative and general expenses swelled from
Rs 4.58 billion in CY17 to Rs 5.82 billion in CY18. Profit before taxation increased from Rs 0.75
billion in CY17 to Rs 1.76 billion in CY18 registering a YOY increase of 133.42 percent in
CY18. Similarly, profit after taxation increased from Rs 0.54 billion in CY17 to Rs 1.19 billion
in CY18, posting a YoY increase of 120.88 percent.
Key Financial Ratios
CY 18
CY 17
Profitability
CY 17
2.0
9.23%
1.8
ROE
6.48%
billion Rs
13.22%
ROCE
1.4
1.2
1.19
1.0
0.8
0.75
0.6
7.46%
0.54
0.4
3.99%
0.00
1.76
1.6
4.78%
ROA
CY 18
0.2
0.05
0.10
percent
0.15
0.0
Profit before taxation
Profit after taxation
Return on Capital Employed (ROCE) increased from 6.48 percent in CY17 to 13.22 percent in
CY18. The Return on Equity (ROE) and Return on Assets (ROA) deciphered to improved
performance of exchange companies on account of profitability as ROE increased from 4.78
percent to 9.23 percent and ROA from 3.99 percent to 7.46 percent respectively in CY18 over
CY17. Breakup value per share of exchange companies decreased from Rs 23.71 in CY17 to Rs
23.42 in CY18.
144
Financial Statement Analysis of Financial Sector
Exchange Companies - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
7,928,417
8,978,388
10,098,882
11,290,065
12,923,211
7,247,919
8,067,918
8,797,935
9,482,785
10,348,997
74,263
86,825
100,360
124,743
59,608
606,235
823,645
1,200,587
1,682,537
2,514,606
21,306
32,195
56,080
15,559
13,194
1,618,722
1,847,356
2,028,034
2,227,393
3,040,312
1,407,205
1,506,148
1,710,443
1,904,343
2,676,539
211,517
341,208
317,591
323,050
363,773
C.Total assets (C1+C2)
9,568,445
10,857,939
12,182,996
13,533,017
15,976,717
1.Current assets(a + b)
7,393,541
8,433,430
9,384,200
10,479,847
12,751,924
a.Cash & bank balances
5,330,038
6,398,523
7,485,041
8,273,020
9,057,809
b.Other assets
2,063,503
2,034,907
1,899,159
2,206,827
3,694,115
2,174,904
2,424,509
2,798,796
3,053,170
3,224,793
2.Non-current liabilities
2.Non-current assets (a + b)
a.Fixed assets
742,660
804,946
813,053
872,769
976,779
b.Other assets
1,432,244
1,619,563
1,985,743
2,180,401
2,248,014
1.Revenue
3,421,099
3,682,493
4,486,356
5,329,593
7,569,034
2.Administrative and general expenses
3,058,141
3,265,310
3,833,395
4,576,374
5,824,811
3.Profit/(loss) before taxation
362,958
403,955
652,959
753,118
1,757,908
4.Profit/(loss) after taxation
213,837
262,083
463,068
539,924
1,192,590
372,393
395,893
444,593
476,192
551,759
D.Profit & loss account
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
N/A
N/A
N/A
N/A
N/A
3.Stock dividend/bonus shares
N/A
N/A
N/A
N/A
N/A
311,974
536,991
447,275
276,946
1,081,303
1.Return on equity (ROE) (D4/A)
2.70%
2.92%
4.59%
4.78%
9.23%
2.Return on capital employed (ROCE) (D3/C-B1)
4.45%
4.32%
6.23%
6.48%
13.22%
3.Return on assets (ROA) (D4/C)
2.23%
2.41%
3.80%
3.99%
7.46%
4.Admin. expense to profit before tax. (D2/D3) (times)
8.43
8.08
5.87
6.08
3.31
5.Earning per share (D4/E1)
0.57
0.66
1.04
1.13
2.16
55.70%
58.93%
61.44%
61.13%
56.69%
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
5.25
5.60
5.49
5.50
4.76
16.92%
17.01%
16.65%
16.46%
19.03%
82.86%
82.69%
82.89%
83.43%
80.89%
21.29
22.68
22.71
23.71
23.42
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
1.46
2.05
0.97
0.51
0.91
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.22
0.36
0.26
0.15
0.40
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
145
Financial Statement Analysis of Financial Sector
AA Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
243,806
311,566
398,106
408,501
437,722
230,000
300,000
365,000
395,000
412,000
0
0
0
0
0
13,806
11,566
33,106
13,501
25,722
0
14,000
0
0
0
234,964
210,642
230,693
205,831
292,839
230,424
206,049
224,435
199,812
286,225
4,540
4,593
6,258
6,019
6,614
C.Total assets (C1+C2)
478,770
536,208
628,799
614,332
730,561
1.Current assets(a + b)
360,622
394,029
446,530
406,333
506,854
a.Cash & bank balances
191,257
296,778
290,011
319,289
359,035
b.Other assets
169,365
97,251
156,519
87,044
147,819
118,148
142,179
182,269
207,999
223,707
a.Fixed assets
45,616
48,453
69,237
80,365
91,128
b.Other assets
72,532
93,726
113,032
127,634
132,579
1.Revenue
137,283
156,685
224,952
298,122
382,982
2.Administrative and general expenses
127,905
138,936
191,327
279,865
346,196
3.Profit/(loss) before taxation
9,378
17,749
33,625
18,257
36,786
4.Profit/(loss) after taxation
5,815
11,566
21,540
13,395
25,721
1.No. of ordinary shares (000)
23,000
30,000
36,500
39,500
41,200
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(36,408)
66,579
(8,812)
70,368
65,262
1.Return on equity (ROE) (D4/A)
2.39%
3.71%
5.41%
3.28%
5.88%
2.Return on capital employed (ROCE) (D3/C-B1)
3.78%
5.38%
8.32%
4.40%
8.28%
3.Return on assets (ROA) (D4/C)
1.21%
2.16%
3.43%
2.18%
3.52%
13.64
7.83
5.69
15.33
9.41
0.25
0.39
0.59
0.34
0.62
39.95%
55.35%
46.12%
51.97%
49.15%
2.Non-current liabilities
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
1.57
1.91
1.99
2.03
1.77
49.08%
39.28%
36.69%
33.50%
40.08%
50.92%
58.11%
63.31%
66.50%
59.92%
10.60
10.39
10.91
10.34
10.62
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
-6.26
5.76
-0.41
5.25
2.54
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-0.16
0.32
-0.04
0.35
0.23
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
146
Financial Statement Analysis of Financial Sector
Al-Hameed Int. Money Ex (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
206,089
207,704
209,213
210,058
211,055
200,000
200,000
200,000
200,000
200,000
0
0
0
0
0
6,089
7,704
9,213
10,058
11,055
3,677
3,552
3,430
3,309
3,194
24,483
19,408
7,369
6,556
5,427
18,169
13,421
2,147
1,358
677
6,314
5,987
5,222
5,198
4,750
C.Total assets (C1+C2)
234,249
230,664
220,012
219,923
219,676
1.Current assets(a + b)
201,496
204,656
195,772
197,128
198,381
138,935
133,327
173,977
173,334
177,409
62,561
71,329
21,795
23,794
20,972
32,753
26,008
24,240
22,795
21,295
a.Fixed assets
27,953
26,008
24,240
22,795
21,295
b.Other assets
4,800
0
0
0
0
1.Revenue
20,237
28,848
25,095
28,419
28,500
2.Administrative and general expenses
18,608
27,444
24,098
27,059
27,566
1,629
1,404
997
1,360
934
529
1,490
1,386
725
882
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
D.Profit & loss account
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
E.Other items
200
200
200
200
200
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
35,757
(5,608)
2,433
23
4,074
1.Return on equity (ROE) (D4/A)
0.26%
0.72%
0.66%
0.35%
0.42%
2.Return on capital employed (ROCE) (D3/C-B1)
0.75%
0.65%
0.46%
0.62%
0.43%
3.Return on assets (ROA) (D4/C)
0.23%
0.65%
0.63%
0.33%
0.40%
11.42
19.55
24.17
19.90
29.51
2.65
7.45
6.93
3.63
4.41
59.31%
57.80%
79.08%
78.82%
80.76%
1.No. of ordinary shares (000)
F.Efficiency ratios/profitability ratios
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
11.09
15.25
91.18
145.16
293.03
10.45%
8.41%
3.35%
2.98%
2.47%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
87.98%
90.05%
95.09%
95.51%
96.08%
1,030.45
1,038.52
1,046.07
1,050.29
1,055.28
67.59
-3.76
1.76
0.03
4.62
1.97
-0.42
1.13
0.02
6.02
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
147
Financial Statement Analysis of Financial Sector
Al-Rahim Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
206,399
206,377
203,163
207,879
212,254
205,410
205,410
205,410
205,410
205,410
0
0
0
0
0
989
967
2,469
6,844
(2,247)
0
0
0
0
0
639
1,008
729
4,210
4,458
639
695
729
4,210
4,458
0
313
0
0
0
C.Total assets (C1+C2)
207,038
207,385
203,892
212,089
216,712
1.Current assets(a + b)
148,729
150,003
145,026
150,364
151,044
145,700
147,132
142,081
144,890
146,646
3,029
2,871
2,945
5,474
4,398
58,309
57,382
58,866
61,725
65,668
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
5,075
4,562
6,186
7,128
12,032
b.Other assets
53,234
52,820
52,680
54,597
53,636
1.Revenue
11,186
12,640
14,493
55,961
72,004
2.Administrative and general expenses
10,185
11,762
19,245
49,721
66,736
1,001
878
(4,752)
6,240
5,268
(23)
(3,214)
4,716
4,375
D.Profit & loss account
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
82
E.Other items
2,054
2,054
2,054
2,054
0
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
(3,663)
(3,563)
(4,948)
6,770
4,858
1.Return on equity (ROE) (D4/A)
0.04%
-0.01%
-1.58%
2.27%
2.06%
2.Return on capital employed (ROCE) (D3/C-B1)
0.48%
0.42%
-2.34%
3.00%
2.48%
3.Return on assets (ROA) (D4/C)
0.04%
-0.01%
-1.58%
2.22%
2.02%
10.17
13.40
-4.05
7.97
12.67
0.04
-0.01
-1.56
2.30
-
1.Cash & bank balances to total assets (C1a/C)
70.37%
70.95%
69.68%
68.32%
67.67%
2.Cuurent assets to current liabilities (C1/B1) (times)
232.75
215.83
198.94
35.72
33.88
3.Total liabilities to total assets (B/C)
0.31%
0.49%
0.36%
1.99%
2.06%
1.Capital ratio (A/C)
99.69%
99.51%
99.64%
98.01%
97.94%
2.Break up value per share (A/E1)
100.48
100.47
98.91
101.21
-
-44.67
154.91
1.54
1.44
1.11
-5.73
-5.13
-6.79
1.61
1.09
1.No. of ordinary shares (000)
F.Efficiency ratios/profitability ratios
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
H.Capital /leverage ratios
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
148
Financial Statement Analysis of Financial Sector
Al-Sahara Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
186,314
198,077
200,005
177,252
262,656
200,000
200,000
200,000
200,000
300,000
0
0
0
0
0
5
(22,748)
(37,344)
(13,686)
(1,923)
0
0
0
0
0
17,747
11,993
6,935
2,704
3,700
17,584
11,563
6,935
2,704
3,700
163
430
0
0
0
C.Total assets (C1+C2)
204,061
210,070
206,940
179,956
266,356
1.Current assets(a + b)
145,089
153,473
149,677
123,225
186,786
139,214
146,407
142,365
23,171
84,910
5,875
7,066
7,312
100,054
101,876
58,972
56,597
57,263
56,731
79,570
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
6,049
4,813
4,722
3,311
2,263
b.Other assets
52,923
51,784
52,541
53,420
77,307
1.Revenue
39,723
82,346
69,065
40,149
26,531
2.Administrative and general expenses
66,304
69,896
65,871
62,241
41,071
3.Profit/(loss) before taxation
(26,581)
12,450
3,194
(22,092)
(14,540)
4.Profit/(loss) after taxation
(27,108)
11,763
1,927
(22,752)
(14,596)
1.No. of ordinary shares (000)
20,000
20,000
20,000
20,000
30,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(34,103)
1,475
(4,187)
(119,462)
(14,327)
1.Return on equity (ROE) (D4/A)
-14.55%
5.94%
0.96%
-12.84%
-5.56%
2.Return on capital employed (ROCE) (D3/C-B1)
-14.25%
6.27%
1.60%
-12.46%
-5.54%
3.Return on assets (ROA) (D4/C)
-13.28%
5.60%
0.93%
-12.64%
-5.48%
4.Admin. expense to profit before tax. (D2/D3) (times)
-2.49
5.61
20.62
-2.82
-2.82
5.Earning per share (D4/E1)
-1.36
0.59
0.10
-1.14
-0.49
68.22%
69.69%
68.80%
12.88%
31.88%
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
8.25
13.27
21.58
45.57
50.48
8.70%
5.71%
3.35%
1.50%
1.39%
91.30%
94.29%
96.65%
98.50%
98.61%
9.32
9.90
10.00
8.86
8.76
1.26
0.13
-2.17
5.25
0.98
-1.94
0.13
-0.60
-44.18
-3.87
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
149
Financial Statement Analysis of Financial Sector
D. D Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
195,645
194,100
200,022
194,104
205,851
200,500
200,500
200,500
200,500
206,500
-
0
0
0
(4,855)
(6,400)
(478)
(6,396)
0
(649)
-
0
0
0
0
6,125
19,492
19,108
18,699
34,895
2,213
17,177
16,572
15,812
30,324
3,912
2,315
2,536
2,887
4,571
C.Total assets (C1+C2)
201,770
213,592
219,130
212,803
240,746
1.Current assets(a + b)
144,065
153,148
159,113
146,579
160,048
139,708
145,090
147,981
135,156
142,082
4,357
8,058
11,132
11,423
17,966
57,705
60,444
60,017
66,224
80,698
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
6,592
8,193
7,564
10,961
20,217
b.Other assets
51,113
52,251
52,453
55,263
60,481
1.Revenue
27,897
30,592
40,997
32,106
70,336
2.Administrative and general expenses
31,210
18,712
34,099
37,506
62,087
3.Profit/(loss) before taxation
(3,313)
(1,349)
6,897
(5,400)
8,249
4.Profit/(loss) after taxation
(3,260)
(1,546)
5,922
(5,918)
5,746
D.Profit & loss account
E.Other items
20,050
20,050
20,050
20,050
20,650
2.Cash dividend
-
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
-
0.00%
0.00%
0.00%
0.00%
(4,252)
(662)
3,595
7,862
12,669
1.Return on equity (ROE) (D4/A)
-1.67%
-0.80%
2.96%
-3.05%
2.79%
2.Return on capital employed (ROCE) (D3/C-B1)
-1.66%
-0.69%
3.40%
-2.74%
3.92%
3.Return on assets (ROA) (D4/C)
-1.62%
-0.72%
2.70%
-2.78%
2.39%
4.Admin. expense to profit before tax. (D2/D3) (times)
-9.42
-13.87
4.94
-6.95
7.53
5.Earning per share (D4/E1)
-0.16
-0.08
0.30
-0.30
0.28
69.24%
67.93%
67.53%
63.51%
59.02%
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
65.10
8.92
9.60
9.27
5.28
3.04%
9.13%
8.72%
8.79%
14.49%
96.96%
90.87%
91.28%
91.21%
85.51%
9.76
9.68
9.98
9.68
9.97
1.30
0.43
0.61
-1.33
2.20
-1.92
-0.04
0.22
0.50
0.42
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
150
Financial Statement Analysis of Financial Sector
Dollar East Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
442,877
661,502
789,784
826,521
872,708
400,000
600,000
700,000
700,000
700,000
0
0
0
0
0
42,877
61,502
89,784
126,521
172,708
0
0
0
0
0
23,839
37,486
34,209
39,374
30,587
22,660
34,455
31,722
36,887
28,100
1,179
3,031
2,487
2,487
2,487
C.Total assets (C1+C2)
466,716
698,988
823,993
865,895
903,295
1.Current assets(a + b)
307,003
475,757
557,062
602,173
636,940
300,580
465,923
548,572
583,004
604,738
6,423
9,834
8,490
19,169
32,202
159,713
223,231
266,931
263,722
266,355
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
46,161
61,365
75,083
70,053
68,122
b.Other assets
113,552
161,866
191,848
193,669
198,233
1.Revenue
209,069
272,252
296,986
353,935
403,759
2.Administrative and general expenses
184,561
241,443
255,395
300,686
337,785
3.Profit/(loss) before taxation
24,508
30,809
41,591
53,249
65,974
4.Profit/(loss) after taxation
22,486
18,625
28,282
36,736
46,187
D.Profit & loss account
E.Other items
4,000
6,000
7,000
7,000
7,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
37,666
38,365
38,755
46,276
38,694
1.Return on equity (ROE) (D4/A)
5.08%
2.82%
3.58%
4.44%
5.29%
2.Return on capital employed (ROCE) (D3/C-B1)
5.52%
4.64%
5.25%
6.42%
7.54%
3.Return on assets (ROA) (D4/C)
4.82%
2.66%
3.43%
4.24%
5.11%
4.Admin. expense to profit before tax. (D2/D3) (times)
7.53
7.84
6.14
5.65
5.12
5.Earning per share (D4/E1)
5.62
3.10
4.04
5.25
6.60
64.40%
66.66%
66.57%
67.33%
66.95%
1.No. of ordinary shares (000)
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
13.55
13.81
17.56
16.32
22.67
5.11%
5.36%
4.15%
4.55%
3.39%
1.Capital ratio (A/C)
94.89%
94.64%
95.85%
95.45%
96.61%
2.Break up value per share (A/E1)
110.72
110.25
112.83
118.07
124.67
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
1.68
2.06
1.37
1.26
0.84
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
1.66
1.11
1.22
1.25
1.38
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
I.Cash flow ratios
151
Financial Statement Analysis of Financial Sector
Fairdeal Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
178,547
186,373
202,003
264,120
313,354
200,000
200,000
200,000
250,000
275,000
0
0
0
0
0
(21,453)
(13,627)
2,003
14,120
38,354
0
0
0
0
0
16,255
21,654
26,048
24,880
39,401
5,655
5,394
11,788
11,620
28,141
2.Non-current liabilities
10,600
16,260
14,260
13,260
11,260
C.Total assets (C1+C2)
194,802
208,027
228,051
289,000
352,755
1.Current assets(a + b)
126,158
140,754
157,911
200,583
258,899
112,486
126,723
132,859
183,627
216,380
13,672
14,031
25,052
16,956
42,519
68,644
67,273
70,140
88,417
93,856
a.Fixed assets
13,433
12,097
15,043
16,654
18,094
b.Other assets
55,211
55,176
55,097
71,763
75,762
1.Revenue
42,848
46,481
65,286
87,054
134,879
2.Administrative and general expenses
31,604
35,266
46,455
65,912
103,704
3.Profit/(loss) before taxation
11,244
11,215
18,831
21,142
31,175
4.Profit/(loss) after taxation
10,816
7,826
15,630
12,118
24,195
1.No. of ordinary shares (000)
20,000
20,000
20,000
25,000
27,500
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
11,741
8,960
14,426
22,846
18,725
1.Return on equity (ROE) (D4/A)
6.06%
4.20%
7.74%
4.59%
7.72%
2.Return on capital employed (ROCE) (D3/C-B1)
5.94%
5.53%
8.71%
7.62%
9.60%
3.Return on assets (ROA) (D4/C)
5.55%
3.76%
6.85%
4.19%
6.86%
4.Admin. expense to profit before tax. (D2/D3) (times)
2.81
3.14
2.47
3.12
3.33
5.Earning per share (D4/E1)
0.54
0.39
0.78
0.48
0.88
57.74%
60.92%
58.26%
63.54%
61.34%
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
22.31
26.09
13.40
17.26
9.20
8.34%
10.41%
11.42%
8.61%
11.17%
91.66%
89.59%
88.58%
91.39%
88.83%
8.93
9.32
10.10
10.56
11.39
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
1.09
1.14
0.92
1.89
0.77
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
2.08
1.66
1.22
1.97
0.67
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
152
Financial Statement Analysis of Financial Sector
Glaxy Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
211,391
202,227
208,736
206,142
215,962
210,000
210,000
210,000
210,000
210,000
0
0
0
0
1,391
(7,773)
(1,264)
(3,858)
0
5,962
0
0
0
0
0
1,176
1,668
2,023
2,239
5,569
1,176
1,668
2,023
2,239
5,569
0
0
0
0
0
C.Total assets (C1+C2)
212,567
203,895
210,759
208,381
221,531
1.Current assets(a + b)
160,483
144,743
152,781
150,538
166,656
153,247
126,262
136,236
142,927
157,502
7,236
18,481
16,545
7,611
9,154
52,084
59,152
57,978
57,843
54,875
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
3,764
5,992
4,818
4,183
3,715
b.Other assets
48,320
53,160
53,160
53,660
51,160
1.Revenue
51,534
78,615
77,788
72,438
91,596
2.Administrative and general expenses
56,572
86,993
70,501
74,308
77,568
3.Profit/(loss) before taxation
(5,038)
(8,378)
7,287
(1,870)
14,028
4.Profit/(loss) after taxation
(5,554)
(9,164)
6,509
(2,594)
9,820
1.No. of ordinary shares (000)
21,000
21,000
21,000
21,000
21,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(15,102)
(26,860)
7,561
5,404
11,766
1.Return on equity (ROE) (D4/A)
-2.63%
-4.53%
3.12%
-1.26%
4.55%
2.Return on capital employed (ROCE) (D3/C-B1)
-2.38%
-4.14%
3.49%
-0.91%
6.50%
3.Return on assets (ROA) (D4/C)
-2.61%
-4.49%
3.09%
-1.24%
4.43%
4.Admin. expense to profit before tax. (D2/D3) (times)
-11.23
-10.38
9.67
-39.74
5.53
-0.26
-0.44
0.31
-0.12
0.47
1.Cash & bank balances to total assets (C1a/C)
72.09%
61.93%
64.64%
68.59%
71.10%
2.Cuurent assets to current liabilities (C1/B1) (times)
136.47
86.78
75.52
67.23
29.93
3.Total liabilities to total assets (B/C)
0.55%
0.82%
0.96%
1.07%
2.51%
99.45%
99.18%
99.04%
98.93%
97.49%
10.07
9.63
9.94
9.82
10.28
2.72
2.93
1.16
-2.08
1.20
-12.84
-16.10
3.74
2.41
2.11
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
5.Earning per share (D4/E1)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
153
Financial Statement Analysis of Financial Sector
H & H Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
464,070
483,050
492,950
507,963
560,941
400,000
400,000
400,000
400,000
400,000
2.Reserves
10,900
10,900
10,900
10,900
10,900
3.Accumulated profit (loss)
53,170
72,150
82,050
97,063
150,041
1.Share capital
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
0
-
0
0
0
57,375
64,268
49,114
49,388
86,929
54,542
60,751
37,110
37,159
62,614
2,833
3,517
12,004
12,229
24,315
C.Total assets (C1+C2)
521,445
547,318
542,064
557,351
647,870
1.Current assets(a + b)
499,796
525,747
419,572
435,631
619,722
a.Cash & bank balances
350,543
376,418
374,100
389,577
467,897
b.Other assets
149,253
149,329
45,472
46,054
151,825
21,649
21,571
122,492
121,720
28,148
a.Fixed assets
21,649
15,801
20,990
19,983
23,681
b.Other assets
0
5,770
101,502
101,737
4,467
1.Revenue
97,875
103,854
100,896
108,330
200,977
2.Administrative and general expenses
80,331
75,224
85,421
87,819
125,138
3.Profit/(loss) before taxation
17,544
28,630
15,474
20,511
75,839
4.Profit/(loss) after taxation
10,483
18,981
9,900
15,013
52,978
2.Non-current liabilities
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
400
400
400
400
400
2.Cash dividend
0.00%
-
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
-
0.00%
0.00%
0.00%
4.Cash generated from operating activities
18,587
28,530
15,937
17,252
85,402
1.Return on equity (ROE) (D4/A)
2.26%
3.93%
2.01%
2.96%
9.44%
2.Return on capital employed (ROCE) (D3/C-B1)
3.76%
5.88%
3.06%
3.94%
12.96%
3.Return on assets (ROA) (D4/C)
2.01%
3.47%
1.83%
2.69%
8.18%
4.58
2.63
5.52
4.28
1.65
26.21
47.45
24.75
37.53
132.45
67.23%
68.78%
69.01%
69.90%
72.22%
1.No. of ordinary shares (000)
F.Efficiency ratios/profitability ratios
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
9.16
8.65
11.31
11.72
9.90
11.00%
11.74%
9.06%
8.86%
13.42%
H.Capital /leverage ratios
89.00%
88.26%
90.94%
91.14%
86.58%
1,160.18
1,207.63
1,232.38
1,269.91
1,402.35
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
1.77
1.50
1.61
1.15
1.61
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.34
0.47
0.43
0.46
1.36
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
154
Financial Statement Analysis of Financial Sector
HBL Currency Exchange (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
651,462
705,472
785,952
859,697
1,073,105
400,000
400,000
400,000
400,000
400,000
0
0
0
0
0
251,462
305,472
385,952
459,697
673,105
0
0
0
0
0
32,683
93,573
26,019
39,708
63,800
32,185
93,550
26,019
39,708
63,800
498
23
0
0
0
C.Total assets (C1+C2)
684,145
799,045
811,971
899,405
1,136,905
1.Current assets(a + b)
642,283
709,131
696,714
871,478
1,005,591
547,142
436,338
646,566
665,271
536,563
95,141
272,793
50,148
206,207
469,028
41,862
89,914
115,257
27,927
131,314
a.Fixed assets
16,684
16,378
14,417
25,949
24,919
b.Other assets
25,178
73,536
100,840
1,978
106,395
1.Revenue
184,247
191,930
243,106
255,391
496,404
2.Administrative and general expenses
108,467
111,602
122,729
150,665
201,267
3.Profit/(loss) before taxation
75,780
80,329
120,377
104,726
305,078
4.Profit/(loss) after taxation
49,559
54,010
80,479
73,745
213,408
1.No. of ordinary shares (000)
40,000
40,000
40,000
40,000
40,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
161,910
(106,577)
204,446
25,933
(125,680)
7.61%
7.66%
10.24%
8.58%
19.89%
11.62%
11.39%
15.32%
12.18%
28.43%
7.24%
6.76%
9.91%
8.20%
18.77%
4.Admin. expense to profit before tax. (D2/D3) (times)
1.43
1.39
1.02
1.44
0.66
5.Earning per share (D4/E1)
1.24
1.35
2.01
1.84
5.34
79.97%
54.61%
79.63%
73.97%
47.20%
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
19.96
7.58
26.78
21.95
15.76
4.78%
11.71%
3.20%
4.41%
5.61%
95.22%
88.29%
96.80%
95.59%
94.39%
16.29
17.64
19.65
21.49
26.83
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
3.27
-1.97
2.54
0.35
-0.59
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
5.03
-1.14
7.86
0.65
-1.97
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
155
Financial Statement Analysis of Financial Sector
Habib Qatar International Exchange Pakistan (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
375,925
389,460
513,843
548,708
615,922
300,000
300,000
400,000
400,000
500,000
2.Reserves
63,363
75,925
89,460
113,843
48,708
3.Accumulated profit (loss)
12,562
13,535
24,383
34,865
67,214
1.Share capital
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
0
0
0
0
0
99,051
118,289
129,561
128,295
120,659
92,486
111,545
121,384
122,937
114,833
6,565
6,744
8,177
5,358
5,826
C.Total assets (C1+C2)
474,976
507,749
643,404
677,003
736,581
1.Current assets(a + b)
423,962
410,812
545,699
550,596
583,774
a.Cash & bank balances
252,715
261,783
350,569
398,363
207,971
b.Other assets
171,247
149,029
195,130
152,233
375,803
51,014
96,937
97,705
126,407
152,807
a.Fixed assets
26,006
23,038
19,530
19,975
20,586
b.Other assets
25,008
73,899
78,175
106,432
132,221
1.Revenue
237,038
199,580
230,879
274,944
344,177
2.Administrative and general expenses
199,102
173,040
193,523
228,024
247,339
3.Profit/(loss) before taxation
37,936
26,540
37,356
46,920
96,839
4.Profit/(loss) after taxation
12,562
13,535
24,383
34,865
67,214
1.No. of ordinary shares (000)
30,000
30,000
40,000
40,000
50,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(14,374)
59,188
(13,300)
79,204
(166,144)
1.Return on equity (ROE) (D4/A)
3.34%
3.48%
4.75%
6.35%
10.91%
2.Return on capital employed (ROCE) (D3/C-B1)
9.92%
6.70%
7.16%
8.47%
15.58%
3.Return on assets (ROA) (D4/C)
2.64%
2.67%
3.79%
5.15%
9.13%
4.Admin. expense to profit before tax. (D2/D3) (times)
5.25
6.52
5.18
4.86
2.55
5.Earning per share (D4/E1)
0.42
0.45
0.61
0.87
1.34
53.21%
51.56%
54.49%
58.84%
28.23%
2.Non-current liabilities
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
4.58
3.68
4.50
4.48
5.08
20.85%
23.30%
20.14%
18.95%
16.38%
79.15%
76.70%
79.86%
81.05%
83.62%
12.53
12.98
12.85
13.72
12.32
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
-1.14
4.37
-0.55
2.27
-2.47
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-0.16
0.53
-0.11
0.64
-1.45
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
156
Financial Statement Analysis of Financial Sector
Link International Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
144,460
134,144
177,184
413,478
596,572
210,000
210,000
235,000
400,000
537,500
0
0
0
0
0
(65,540)
(75,856)
(57,816)
13,478
59,072
0
3,000
43,750
3,750
3,000
7,491
74,413
20,193
37,931
204,163
2,521
9,644
11,009
16,120
165,369
4,970
64,769
9,184
21,811
38,794
C.Total assets (C1+C2)
151,951
211,557
241,127
455,159
803,735
1.Current assets(a + b)
79,275
127,907
139,956
286,134
610,425
a.Cash & bank balances
65,294
111,206
101,201
199,306
503,873
b.Other assets
13,981
16,701
38,755
86,828
106,552
72,676
83,650
101,171
169,025
193,310
a.Fixed assets
8,553
13,777
22,381
29,875
51,771
b.Other assets
64,123
69,873
78,790
139,150
141,539
1.Revenue
10,966
50,849
128,460
226,877
494,123
2.Administrative and general expenses
49,423
60,662
106,726
155,524
412,538
3.Profit/(loss) before taxation
(38,457)
(9,813)
21,734
71,353
81,585
4.Profit/(loss) after taxation
(38,504)
(10,315)
18,040
71,293
45,593
1.No. of ordinary shares (000)
21,000
21,000
23,500
40,000
53,750
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(39,007)
(1,080)
4,917
22,002
244,761
1.Return on equity (ROE) (D4/A)
-26.65%
-7.69%
10.18%
17.24%
7.64%
2.Return on capital employed (ROCE) (D3/C-B1)
-25.74%
-4.86%
9.44%
16.25%
12.78%
3.Return on assets (ROA) (D4/C)
-25.34%
-4.88%
7.48%
15.66%
5.67%
4.Admin. expense to profit before tax. (D2/D3) (times)
-1.29
-6.18
4.91
2.18
5.06
5.Earning per share (D4/E1)
-1.83
-0.49
0.77
1.78
0.85
42.97%
52.57%
41.97%
43.79%
62.69%
2.Non-current liabilities
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
31.45
13.26
12.71
17.75
3.69
4.93%
35.17%
8.37%
8.33%
25.40%
95.07%
63.41%
73.48%
90.84%
74.22%
6.88
6.39
7.54
10.34
11.10
1.01
0.10
0.27
0.31
5.37
-15.47
-0.11
0.45
1.36
1.48
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
157
Financial Statement Analysis of Financial Sector
Money Link Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
350,181
358,614
370,716
586,255
609,321
300,000
300,000
300,000
500,000
500,000
0
0
0
0
0
50,181
58,614
70,716
86,255
109,321
0
0
0
0
0
5,154
32,302
159,560
35,741
189,370
4,011
31,220
158,594
35,341
188,973
1,143
1,082
966
400
397
C.Total assets (C1+C2)
355,335
390,916
530,276
621,996
798,691
1.Current assets(a + b)
261,591
299,015
440,083
530,979
704,366
241,624
282,197
426,350
523,764
538,456
19,967
16,818
13,733
7,215
165,910
93,744
91,901
90,193
91,017
94,325
a.Fixed assets
15,336
14,273
12,565
13,539
16,948
b.Other assets
78,408
77,628
77,628
77,478
77,377
1.Revenue
65,924
85,445
98,540
107,814
131,199
2.Administrative and general expenses
53,751
72,873
80,785
86,590
98,033
3.Profit/(loss) before taxation
12,173
12,572
17,755
21,224
33,166
8,034
8,433
12,102
15,539
23,066
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
D.Profit & loss account
4.Profit/(loss) after taxation
E.Other items
300
300
300
500
500
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(14,959)
42,007
138,598
(103,883)
15,123
1.Return on equity (ROE) (D4/A)
2.29%
2.35%
3.26%
2.65%
3.79%
2.Return on capital employed (ROCE) (D3/C-B1)
3.46%
3.50%
4.78%
3.62%
5.44%
3.Return on assets (ROA) (D4/C)
2.26%
2.16%
2.28%
2.50%
2.89%
4.42
5.80
4.55
4.08
2.96
26.78
28.11
40.34
31.08
46.13
68.00%
72.19%
80.40%
84.21%
67.42%
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
65.22
9.58
2.77
15.02
3.73
1.45%
8.26%
30.09%
5.75%
23.71%
H.Capital /leverage ratios
98.55%
91.74%
69.91%
94.25%
76.29%
1,167.27
1,195.38
1,235.72
1,172.51
1,218.64
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
-1.86
4.98
11.45
-6.69
0.66
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-3.73
1.35
0.87
-2.94
0.08
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
158
Financial Statement Analysis of Financial Sector
NBP Exchange Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
717,267
767,787
812,568
864,620
1,006,832
556,875
556,875
556,875
556,875
857,587
0
0
0
0
0
160,392
210,912
255,693
307,745
149,245
9,429
2,643
0
0
0
20,202
21,815
24,021
12,345
18,995
9,174
9,649
13,223
1,824
5,790
2.Non-current liabilities
11,028
12,166
10,798
10,521
13,205
C.Total assets (C1+C2)
746,898
792,245
836,589
876,965
1,025,827
1.Current assets(a + b)
723,518
766,402
813,770
862,229
864,281
a.Cash & bank balances
219,245
301,594
403,358
457,650
521,305
b.Other assets
504,273
464,808
410,412
404,579
342,976
23,380
25,843
22,819
14,736
161,546
a.Fixed assets
21,049
22,647
19,623
11,820
12,432
b.Other assets
2,331
3,196
3,196
2,916
149,114
2.Non-current assets (a + b)
D.Profit & loss account
139,332
183,529
185,828
195,276
337,899
2.Administrative and general expenses
97,759
109,569
122,910
124,259
141,122
3.Profit/(loss) before taxation
41,573
73,960
62,917
71,017
196,777
4.Profit/(loss) after taxation
27,506
50,520
44,781
52,052
142,213
1.No. of ordinary shares (000)
55,688
55,688
55,688
55,688
85,759
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
59,985
11,817
(108,418)
(32,513)
124,107
1.Return on equity (ROE) (D4/A)
3.83%
6.58%
5.51%
6.02%
14.12%
2.Return on capital employed (ROCE) (D3/C-B1)
5.64%
9.45%
7.64%
8.11%
19.29%
3.Return on assets (ROA) (D4/C)
3.68%
6.38%
5.35%
5.94%
13.86%
4.Admin. expense to profit before tax. (D2/D3) (times)
2.35
1.48
1.95
1.75
0.72
5.Earning per share (D4/E1)
0.49
0.91
0.80
0.93
1.66
29.35%
38.07%
48.21%
52.19%
50.82%
1.Revenue
E.Other items
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
78.87
79.43
61.54
472.71
149.27
2.70%
2.75%
2.87%
1.41%
1.85%
96.03%
96.91%
97.13%
98.59%
98.15%
12.88
13.79
14.59
15.53
11.74
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.18
0.23
-2.42
-0.62
0.87
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
6.54
1.22
-8.20
-17.83
21.43
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
159
Financial Statement Analysis of Financial Sector
Noble Exchange International (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
196,949
184,637
213,784
209,453
208,728
200,000
200,000
210,000
210,000
210,000
0
0
0
0
(3,051)
(15,363)
3,784
(547)
1,200
2,000
1,900
1,500
1,500
4,022
5,596
5,785
9,302
10,068
4,022
5,335
5,199
8,524
9,165
0
(1,272)
0
261
586
778
903
C.Total assets (C1+C2)
202,171
192,233
221,469
220,255
220,296
1.Current assets(a + b)
136,527
123,997
157,901
155,942
157,783
135,328
122,272
156,842
152,930
155,670
1,199
1,725
1,059
3,012
2,113
65,644
68,236
63,568
64,313
62,513
a.Fixed assets
9,871
11,089
3,739
3,703
3,210
b.Other assets
55,773
57,147
59,829
60,610
59,303
1.Revenue
17,515
11,925
47,928
30,700
36,685
2.Administrative and general expenses
17,079
24,144
24,859
34,132
36,962
436
(12,219)
23,069
(3,532)
(277)
(12,312)
19,147
(4,331)
(724)
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
D.Profit & loss account
3.Profit/(loss) before taxation
4.Profit/(loss) after taxation
(2,341)
E.Other items
2,000
2,000
2,100
2,100
2,100
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
5,526
(10,484)
2,573
(2,108)
1,544
-1.19%
-6.67%
8.96%
-2.07%
-0.35%
-0.13%
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
0.22%
-6.54%
10.67%
-1.67%
-1.16%
-6.40%
8.65%
-1.97%
-0.33%
4.Admin. expense to profit before tax. (D2/D3) (times)
39.17
-1.98
1.08
-9.66
-133.44
5.Earning per share (D4/E1)
-1.17
-6.16
9.12
-2.06
-0.34
66.94%
63.61%
70.82%
69.43%
70.66%
2.Return on capital employed (ROCE) (D3/C-B1)
3.Return on assets (ROA) (D4/C)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
33.95
23.24
30.37
18.29
17.22
1.99%
2.91%
2.61%
4.22%
4.57%
97.42%
96.05%
96.53%
95.10%
94.75%
98.47
92.32
101.80
99.74
99.39
-2.36
0.85
0.13
0.49
-2.13
1.37
-1.97
0.49
-0.25
0.17
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
160
Financial Statement Analysis of Financial Sector
P B S Exchange (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
220,305
227,840
235,010
236,337
237,247
250,000
250,000
250,000
250,000
250,000
0
0
0
0
0
(29,695)
(22,160)
(14,990)
(13,663)
(12,753)
0
0
0
0
0
14,521
3,324
6,519
8,819
7,470
14,521
3,324
5,072
4,868
5,237
0
0
1,447
3,951
2,233
C.Total assets (C1+C2)
234,826
231,164
241,529
245,156
244,717
1.Current assets(a + b)
80,603
83,769
93,232
94,691
90,497
a.Cash & bank balances
28,782
36,308
57,258
45,126
47,479
b.Other assets
51,821
47,461
35,974
49,565
43,018
154,223
147,395
148,297
150,465
154,220
a.Fixed assets
66,023
65,435
73,269
70,306
73,479
b.Other assets
88,200
81,960
75,028
80,159
80,741
2.Non-current liabilities
2.Non-current assets (a + b)
D.Profit & loss account
110,439
117,851
128,343
141,292
144,983
2.Administrative and general expenses
98,684
109,138
119,705
138,307
141,894
3.Profit/(loss) before taxation
11,755
8,713
8,638
2,985
3,089
9,757
7,535
7,170
1,327
909
1.Revenue
4.Profit/(loss) after taxation
E.Other items
2,500
2,500
2,500
2,500
2,500
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
764
15,970
24,208
(8,754)
10,920
1.Return on equity (ROE) (D4/A)
4.43%
3.31%
3.05%
0.56%
0.38%
2.Return on capital employed (ROCE) (D3/C-B1)
5.34%
3.82%
3.65%
1.24%
1.29%
3.Return on assets (ROA) (D4/C)
4.15%
3.26%
2.97%
0.54%
0.37%
4.Admin. expense to profit before tax. (D2/D3) (times)
8.40
12.53
13.86
46.33
45.94
5.Earning per share (D4/E1)
3.90
3.01
2.87
0.53
0.36
12.26%
15.71%
23.71%
18.41%
19.40%
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
5.55
25.20
18.38
19.45
17.28
6.18%
1.44%
2.70%
3.60%
3.05%
93.82%
98.56%
97.30%
96.40%
96.95%
88.12
91.14
94.00
94.53
94.90
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
0.08
2.12
3.38
-6.60
12.01
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.05
4.80
4.77
-1.80
2.09
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
161
Financial Statement Analysis of Financial Sector
Pakistan Currency Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
571,233
816,801
819,037
829,184
832,126
550,000
800,000
800,000
800,000
800,000
0
0
0
0
0
21,233
16,801
19,037
29,184
32,126
0
0
0
0
0
455,519
356,148
572,629
644,211
651,844
401,234
275,225
466,596
516,671
499,776
54,285
80,923
106,033
127,540
152,068
1,026,752
1,172,949
1,391,666
1,473,395
1,483,970
904,520
995,732
1,199,511
1,278,702
1,347,711
a.Cash & bank balances
533,303
762,647
869,963
1,151,268
846,239
b.Other assets
371,217
233,085
329,548
127,434
501,472
122,232
177,217
192,155
194,693
136,259
2.Non-current liabilities
C.Total assets (C1+C2)
1.Current assets(a + b)
2.Non-current assets (a + b)
a.Fixed assets
73,491
74,373
80,246
77,913
133,696
b.Other assets
48,741
102,844
111,909
116,780
2,563
1.Revenue
889,658
839,475
977,842
1,042,629
1,208,596
2.Administrative and general expenses
867,096
817,739
954,327
1,012,961
1,145,950
3.Profit/(loss) before taxation
22,562
21,735
23,515
29,668
62,646
4.Profit/(loss) after taxation
12,516
6,631
9,201
10,147
6,570
D.Profit & loss account
E.Other items
5,500
8,000
8,000
8,000
8,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(33,760)
58,956
126,136
210,773
(154,293)
1.Return on equity (ROE) (D4/A)
2.19%
0.81%
1.12%
1.22%
0.79%
2.Return on capital employed (ROCE) (D3/C-B1)
3.61%
2.42%
2.54%
3.10%
6.37%
3.Return on assets (ROA) (D4/C)
1.22%
0.57%
0.66%
0.69%
0.44%
38.43
37.62
40.58
34.14
18.29
2.28
0.83
1.15
1.27
0.82
51.94%
65.02%
62.51%
78.14%
57.03%
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.25
3.62
2.57
2.47
2.70
44.37%
30.36%
41.15%
43.72%
43.93%
1.Capital ratio (A/C)
55.63%
69.64%
58.85%
56.28%
56.07%
2.Break up value per share (A/E1)
103.86
102.10
102.38
103.65
104.02
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
-2.70
8.89
13.71
20.77
-23.48
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-0.08
0.21
0.27
0.41
-0.31
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
I.Cash flow ratios
162
Financial Statement Analysis of Financial Sector
Paracha International Exchange (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
348,486
390,170
527,182
586,249
649,896
345,000
345,000
435,000
435,000
435,000
0
0
0
0
0
3,486
45,170
92,182
151,249
214,896
0
0
0
0
0
99,102
129,123
171,832
288,451
202,203
15,197
25,196
75,169
213,073
148,930
2.Non-current liabilities
83,905
103,927
96,663
75,378
53,273
C.Total assets (C1+C2)
447,588
519,293
699,014
874,700
852,099
1.Current assets(a + b)
321,827
353,089
539,010
686,982
672,523
231,109
269,449
450,620
234,104
322,953
90,718
83,640
88,390
452,878
349,570
125,761
166,204
160,004
187,718
179,576
a.Fixed assets
57,040
74,302
69,872
73,527
66,523
b.Other assets
68,721
91,902
90,132
114,191
113,053
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
D.Profit & loss account
130,515
156,479
195,758
204,756
264,164
2.Administrative and general expenses
81,037
114,215
146,213
137,480
182,475
3.Profit/(loss) before taxation
49,478
42,264
49,545
67,276
81,689
4.Profit/(loss) after taxation
45,965
41,684
47,012
59,066
63,647
1.No. of ordinary shares (000)
34,500
34,500
43,500
43,500
43,500
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
26,088
65,837
99,950
(159,739)
124,422
1.Return on equity (ROE) (D4/A)
13.19%
10.68%
8.92%
10.08%
9.79%
2.Return on capital employed (ROCE) (D3/C-B1)
11.44%
8.55%
7.94%
10.17%
11.62%
3.Return on assets (ROA) (D4/C)
10.27%
8.03%
6.73%
6.75%
7.47%
4.Admin. expense to profit before tax. (D2/D3) (times)
1.64
2.70
2.95
2.04
2.23
5.Earning per share (D4/E1)
1.33
1.21
1.08
1.36
1.46
51.63%
51.89%
64.47%
26.76%
37.90%
1.Revenue
E.Other items
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
21.18
14.01
7.17
3.22
4.52
22.14%
24.87%
24.58%
32.98%
23.73%
77.86%
75.13%
75.42%
67.02%
76.27%
10.10
11.31
12.12
13.48
14.94
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
0.57
1.58
2.13
-2.70
1.95
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
1.72
2.61
1.33
-0.75
0.84
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
163
Financial Statement Analysis of Financial Sector
Paragon Exchange (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
201,916
191,647
193,556
206,141
218,857
200,000
200,000
200,000
200,000
200,000
0
0
0
0
0
6,141
18,857
1,916
(8,353)
(6,444)
0
0
0
0
0
10,759
14,167
22,521
21,370
32,482
9,486
10,004
15,097
14,989
24,154
1,273
4,163
7,424
6,381
8,328
C.Total assets (C1+C2)
212,675
205,814
216,077
227,511
251,339
1.Current assets(a + b)
151,017
130,123
138,991
145,538
168,813
a.Cash & bank balances
92,449
115,359
114,617
124,898
125,848
b.Other assets
58,568
14,764
24,374
20,640
42,965
61,658
75,691
77,086
81,973
82,526
a.Fixed assets
8,827
12,384
12,558
16,096
18,156
b.Other assets
52,831
63,307
64,528
65,877
64,370
1.Revenue
35,647
34,604
63,475
83,050
130,744
2.Administrative and general expenses
30,596
48,943
61,824
70,855
111,700
3.Profit/(loss) before taxation
5,051
(14,339)
1,652
12,195
19,044
4.Profit/(loss) after taxation
4,774
(9,499)
1,660
10,296
12,685
2.Non-current liabilities
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
200
200
200
200
200
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(43,692)
30,795
(2,777)
14,696
3,418
1.Return on equity (ROE) (D4/A)
2.36%
-4.96%
0.86%
4.99%
5.80%
2.Return on capital employed (ROCE) (D3/C-B1)
2.49%
-7.32%
0.82%
5.74%
8.38%
3.Return on assets (ROA) (D4/C)
2.24%
-4.62%
0.77%
4.53%
5.05%
6.06
-3.41
37.42
5.81
5.87
23.87
-47.50
8.30
51.48
63.43
53.04%
54.90%
50.07%
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
43.47%
56.05%
15.92
13.01
9.21
9.71
6.99
5.06%
6.88%
10.42%
9.39%
12.92%
H.Capital /leverage ratios
94.94%
93.12%
89.58%
90.61%
87.08%
1,009.58
958.24
967.78
1,030.71
1,094.29
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
-9.15
-3.24
-1.67
1.43
0.27
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-4.61
3.08
-0.18
0.98
0.14
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
164
Financial Statement Analysis of Financial Sector
Ravi Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
547,259
658,811
746,692
872,776
1,004,261
500,000
600,000
650,000
700,000
700,000
0
0
0
0
0
47,259
58,811
96,692
172,776
304,261
0
0
0
0
0
86,083
131,161
121,005
241,997
219,390
75,970
126,731
117,097
241,522
219,390
2.Non-current liabilities
10,113
4,430
3,908
475
0
C.Total assets (C1+C2)
633,342
789,972
867,697
1,114,773
1,223,651
1.Current assets(a + b)
397,470
614,559
613,496
837,581
1,076,065
a.Cash & bank balances
195,127
411,321
426,795
670,323
599,466
b.Other assets
202,343
203,238
186,701
167,258
476,599
235,872
175,413
254,201
277,192
147,586
a.Fixed assets
106,962
107,652
111,762
112,072
109,940
b.Other assets
128,910
67,761
142,439
165,120
37,646
1.Revenue
279,208
332,105
399,341
500,014
668,215
2.Administrative and general expenses
244,247
313,003
345,726
394,465
480,764
3.Profit/(loss) before taxation
34,961
19,102
53,615
105,549
187,451
4.Profit/(loss) after taxation
21,387
11,552
37,881
76,086
131,485
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
5,000
6,000
6,500
7,000
7,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
20,475
156,239
(13,517)
79,168
74,816
1.Return on equity (ROE) (D4/A)
3.91%
1.75%
5.07%
8.72%
13.09%
2.Return on capital employed (ROCE) (D3/C-B1)
6.27%
2.88%
7.14%
12.09%
18.67%
3.Return on assets (ROA) (D4/C)
3.38%
1.46%
4.37%
6.83%
10.75%
4.Admin. expense to profit before tax. (D2/D3) (times)
6.99
16.39
6.45
3.74
2.56
5.Earning per share (D4/E1)
4.28
1.93
5.83
10.87
18.78
30.81%
52.07%
49.19%
60.13%
48.99%
1.No. of ordinary shares (000)
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
5.23
4.85
5.24
3.47
4.90
13.59%
16.60%
13.95%
21.71%
17.93%
1.Capital ratio (A/C)
86.41%
83.40%
86.05%
78.29%
82.07%
2.Break up value per share (A/E1)
109.45
109.80
114.88
124.68
143.47
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
0.96
13.52
-0.36
1.04
0.57
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.27
1.23
-0.12
0.33
0.34
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
I.Cash flow ratios
165
Financial Statement Analysis of Financial Sector
Riaz Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
206,475
204,361
202,010
201,381
201,975
200,000
200,000
200,000
200,000
200,000
0
0
0
0
0
6,475
4,361
2,010
1,381
1,975
0
0
0
0
0
168
128
133
149
499
168
128
133
149
499
0
0
0
0
0
C.Total assets (C1+C2)
206,643
204,489
202,143
201,530
202,474
1.Current assets(a + b)
154,754
152,494
150,970
149,786
147,156
152,228
149,916
149,135
146,875
146,367
2,526
2,578
1,835
2,911
789
51,889
51,995
51,173
51,744
55,318
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
1,342
907
846
1,396
4,254
b.Other assets
50,547
51,088
50,327
50,348
51,064
1.Revenue
20,546
19,013
18,316
16,787
23,011
2.Administrative and general expenses
12,721
12,297
12,937
13,354
14,492
3.Profit/(loss) before taxation
7,825
6,716
5,379
3,433
12,262
4.Profit/(loss) after taxation
5,163
4,485
3,650
2,371
8,595
1.No. of ordinary shares (000)
20,000
20,000
20,000
20,000
20,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
1,572
442
451
(1,327)
8,153
1.Return on equity (ROE) (D4/A)
2.50%
2.19%
1.81%
1.18%
4.26%
2.Return on capital employed (ROCE) (D3/C-B1)
3.79%
3.29%
2.66%
1.70%
6.07%
3.Return on assets (ROA) (D4/C)
2.50%
2.19%
1.81%
1.18%
4.24%
4.Admin. expense to profit before tax. (D2/D3) (times)
1.63
1.83
2.41
3.89
1.18
5.Earning per share (D4/E1)
0.26
0.22
0.18
0.12
0.43
1.Cash & bank balances to total assets (C1a/C)
73.67%
73.31%
73.78%
72.88%
72.29%
2.Cuurent assets to current liabilities (C1/B1) (times)
921.15
1,191.36
1,135.11
1,005.28
294.90
3.Total liabilities to total assets (B/C)
0.08%
0.06%
0.07%
0.07%
0.25%
99.92%
99.94%
99.93%
99.93%
99.75%
10.32
10.22
10.10
10.07
10.10
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
0.30
0.10
0.12
-0.56
0.95
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
9.36
3.45
3.39
-8.91
16.34
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
166
Financial Statement Analysis of Financial Sector
Royal International Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
305,239
308,457
371,607
438,651
660,642
300,000
300,000
350,000
400,000
450,000
0
0
0
0
0
5,239
8,457
21,607
38,651
210,642
0
0
0
0
0
26,486
30,967
31,103
46,497
113,376
18,290
10,630
11,124
30,278
94,567
8,196
20,337
19,979
16,219
18,809
C.Total assets (C1+C2)
331,725
339,424
402,710
485,148
774,018
1.Current assets(a + b)
242,178
247,434
300,205
361,028
613,117
227,444
230,525
273,830
336,023
567,411
14,734
16,909
26,375
25,005
45,706
89,547
91,990
102,505
124,120
160,901
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
7,232
7,167
6,161
7,018
15,759
b.Other assets
82,315
84,823
96,344
117,102
145,142
1.Revenue
93,995
92,395
108,891
132,122
413,129
2.Administrative and general expenses
80,530
86,943
93,305
104,993
167,100
3.Profit/(loss) before taxation
13,465
5,452
15,586
27,128
246,029
8,709
3,218
13,149
17,044
171,992
D.Profit & loss account
4.Profit/(loss) after taxation
E.Other items
3,000
3,000
3,500
4,000
4,500
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
29,824
(4,543)
4,516
38,592
218,433
1.Return on equity (ROE) (D4/A)
2.85%
1.04%
3.54%
3.89%
26.03%
2.Return on capital employed (ROCE) (D3/C-B1)
4.30%
1.66%
3.98%
5.96%
36.21%
3.Return on assets (ROA) (D4/C)
2.63%
0.95%
3.27%
3.51%
22.22%
4.Admin. expense to profit before tax. (D2/D3) (times)
5.98
15.95
5.99
3.87
0.68
5.Earning per share (D4/E1)
2.90
1.07
3.76
4.26
38.22
68.56%
67.92%
68.00%
69.26%
73.31%
1.No. of ordinary shares (000)
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
13.24
23.28
26.99
11.92
6.48
7.98%
9.12%
7.72%
9.58%
14.65%
1.Capital ratio (A/C)
92.02%
90.88%
92.28%
90.42%
85.35%
2.Break up value per share (A/E1)
101.75
102.82
106.17
109.66
146.81
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
3.42
-1.41
0.34
2.26
1.27
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
1.63
-0.43
0.41
1.27
2.31
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
I.Cash flow ratios
167
Financial Statement Analysis of Financial Sector
Sadiq Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
98,166
200,268
202,259
255,465
315,866
100,000
200,000
200,000
250,000
300,000
0
0
0
0
0
(1,834)
268
2,259
5,465
15,866
2,500
2,000
2,000
2,000
1,000
3,283
7,474
10,008
25,313
33,194
3,283
7,202
7,118
19,903
24,819
0
272
2,890
5,410
8,375
C.Total assets (C1+C2)
103,949
209,742
214,267
282,778
350,060
1.Current assets(a + b)
39,818
112,005
100,467
148,285
199,376
38,655
108,374
91,385
134,043
189,422
1,163
3,631
9,082
14,242
9,954
64,131
97,737
113,800
134,493
150,684
a.Fixed assets
33,462
38,823
41,430
47,747
47,832
b.Other assets
30,669
58,914
72,370
86,746
102,852
1.Revenue
15,746
40,654
93,097
116,539
180,139
2.Administrative and general expenses
15,304
38,149
90,170
110,700
160,878
3.Profit/(loss) before taxation
442
2,505
2,927
5,839
19,261
4.Profit/(loss) after taxation
281
2,102
1,991
3,206
10,401
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
1,000
2,000
2,000
2,500
3,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4,019
5,982
2,378
17,507
27,076
1.Return on equity (ROE) (D4/A)
0.29%
1.05%
0.98%
1.25%
3.29%
2.Return on capital employed (ROCE) (D3/C-B1)
0.44%
1.24%
1.41%
2.22%
5.92%
3.Return on assets (ROA) (D4/C)
0.27%
1.00%
0.93%
1.13%
2.97%
34.62
15.23
30.81
18.96
8.35
0.28
1.05
1.00
1.28
3.47
37.19%
51.67%
42.65%
47.40%
54.11%
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
12.13
15.55
14.11
7.45
8.03
3.16%
3.56%
4.67%
8.95%
9.48%
94.44%
95.48%
94.40%
90.34%
90.23%
98.17
100.13
101.13
102.19
105.29
14.30
2.85
1.19
5.46
2.60
1.22
0.83
0.33
0.88
1.09
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
168
Financial Statement Analysis of Financial Sector
Sky Exchange Co. (Pvt) Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
201,766
204,823
266,452
303,677
319,204
200,134
200,133
260,150
300,000
300,000
0
0
0
0
0
3.Accumulated profit (loss)
1,632
4,690
6,302
3,677
19,204
4.Others
4,500
5,000
5,000
5,000
4,500
2,941
29,545
21,312
13,365
71,759
2,941
29,545
21,312
13,365
71,759
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
B.Total liabilities (B1 to B2)
1.Current liabilities
0
0
0
0
0
C.Total assets (C1+C2)
209,207
239,368
292,764
322,042
395,463
1.Current assets(a + b)
104,181
138,513
217,517
226,134
294,704
101,571
135,218
206,963
218,755
220,977
2,610
3,295
10,554
7,379
73,727
105,026
100,855
75,247
95,908
100,759
a.Fixed assets
49,571
48,045
7,142
15,412
13,404
b.Other assets
55,455
52,810
68,105
80,496
87,355
1.Revenue
34,383
42,517
51,543
73,782
134,405
2.Administrative and general expenses
31,904
37,991
48,993
75,816
112,202
3.Profit/(loss) before taxation
2,479
4,526
2,550
(2,034)
22,203
4.Profit/(loss) after taxation
1,611
3,057
1,612
(2,625)
15,526
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
2,001
2,001
2,602
3,000
3,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
6,684
30,620
(7,698)
(10,152)
10,556
1.Return on equity (ROE) (D4/A)
0.80%
1.49%
0.60%
-0.86%
4.86%
2.Return on capital employed (ROCE) (D3/C-B1)
1.20%
2.16%
0.94%
-0.66%
6.86%
3.Return on assets (ROA) (D4/C)
0.77%
1.28%
0.55%
-0.82%
3.93%
12.87
8.39
19.21
-37.27
5.05
0.80
1.53
0.62
-0.88
5.18
48.55%
56.49%
70.69%
67.93%
55.88%
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
4.Admin. expense to profit before tax. (D2/D3) (times)
5.Earning per share (D4/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
35.42
4.69
10.21
16.92
4.11
1.41%
12.34%
7.28%
4.15%
18.15%
1.Capital ratio (A/C)
96.44%
85.57%
91.01%
94.30%
80.72%
2.Break up value per share (A/E1)
100.82
102.34
102.42
101.23
106.40
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
4.15
10.02
-4.78
3.87
0.68
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
2.27
1.04
-0.36
-0.76
0.15
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
I.Cash flow ratios
169
Financial Statement Analysis of Financial Sector
Wall Street Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
365,160
390,574
437,004
553,353
661,842
290,000
290,000
350,000
400,000
400,000
0
0
0
0
0
75,160
100,574
87,004
153,353
261,842
0
0
0
0
0
362,065
408,273
326,484
316,868
585,319
362,065
402,773
321,984
312,868
581,319
0
5,500
4,500
4,000
4,000
C.Total assets (C1+C2)
727,225
798,847
763,488
870,221
1,247,161
1.Current assets(a + b)
580,617
669,150
623,777
652,376
1,019,363
541,212
569,796
442,432
491,213
868,366
39,405
99,354
181,345
161,163
150,997
146,608
129,697
139,711
217,845
227,798
a.Fixed assets
59,497
82,337
84,813
101,646
91,998
b.Other assets
87,111
47,360
54,898
116,199
135,800
1.Revenue
496,634
437,076
550,845
808,106
1,047,054
2.Administrative and general expenses
434,733
397,604
477,649
712,839
900,612
3.Profit/(loss) before taxation
61,901
39,473
73,196
95,267
146,442
4.Profit/(loss) after taxation
39,559
25,414
46,430
66,348
108,489
1.No. of ordinary shares (000)
29,000
29,000
35,000
40,000
40,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
131,165
74,226
(87,045)
47,255
410,045
1.Return on equity (ROE) (D4/A)
10.83%
6.51%
10.62%
11.99%
16.39%
2.Return on capital employed (ROCE) (D3/C-B1)
16.95%
9.97%
16.58%
17.09%
21.99%
5.44%
3.18%
6.08%
7.62%
8.70%
4.Admin. expense to profit before tax. (D2/D3) (times)
7.02
10.07
6.53
7.48
6.15
5.Earning per share (D4/E1)
1.36
0.88
1.33
1.66
2.71
74.42%
71.33%
57.95%
56.45%
69.63%
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
D.Profit & loss account
E.Other items
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Return on assets (ROA) (D4/C)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
1.60
1.66
1.94
2.09
1.75
49.79%
51.11%
42.76%
36.41%
46.93%
50.21%
48.89%
57.24%
63.59%
53.07%
12.59
13.47
12.49
13.83
16.55
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
3.32
2.92
-1.87
0.71
3.78
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
0.36
0.18
-0.27
0.15
0.71
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
170
Financial Statement Analysis of Financial Sector
ZeeQue Exchange Co. (Pvt) Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 to B2)
1.Current liabilities
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
91,030
193,546
320,044
322,100
418,312
100,000
200,000
320,000
320,000
400,000
0
0
0
0
0
44
2,100
18,312
(8,970)
(6,454)
0
0
0
0
0
6,589
3,439
3,121
3,150
11,916
6,589
3,274
852
402
8,351
0
165
2,269
2,748
3,565
C.Total assets (C1+C2)
97,619
196,985
323,165
325,250
430,228
1.Current assets(a + b)
55,959
156,988
229,457
228,832
311,049
55,140
130,160
228,975
228,133
302,844
819
26,828
482
699
8,205
41,660
39,997
93,708
96,418
119,179
2.Non-current liabilities
a.Cash & bank balances
b.Other assets
2.Non-current assets (a + b)
a.Fixed assets
5,422
5,035
4,816
9,342
11,325
b.Other assets
36,238
34,962
88,892
87,076
107,854
1.Revenue
21,654
34,753
48,606
43,000
102,543
2.Administrative and general expenses
28,428
31,722
38,602
40,293
81,632
3.Profit/(loss) before taxation
(6,774)
3,031
10,004
2,707
20,911
4.Profit/(loss) after taxation
(6,990)
2,515
6,498
2,056
16,213
D.Profit & loss account
E.Other items
1.No. of ordinary shares (000)
10,000
20,000
32,000
32,000
40,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(469)
380
7,097
2,953
26,923
1.Return on equity (ROE) (D4/A)
-7.68%
1.30%
2.03%
0.64%
3.88%
2.Return on capital employed (ROCE) (D3/C-B1)
-7.44%
1.56%
3.10%
0.83%
4.96%
3.Return on assets (ROA) (D4/C)
-7.16%
1.28%
2.01%
0.63%
3.77%
4.Admin. expense to profit before tax. (D2/D3) (times)
-4.20
10.47
3.86
14.88
3.90
5.Earning per share (D4/E1)
-0.70
0.13
0.20
0.06
0.41
56.48%
66.08%
70.85%
70.14%
70.39%
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Cuurent assets to current liabilities (C1/B1) (times)
3.Total liabilities to total assets (B/C)
8.49
47.95
269.32
569.23
37.25
6.75%
1.75%
0.97%
0.97%
2.77%
93.25%
98.25%
99.03%
99.03%
97.23%
9.10
9.68
10.00
10.07
10.46
0.07
0.15
1.09
1.44
1.66
-0.07
0.12
8.33
7.35
3.22
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratios
1.Cash generated from operating activities to profit after tax. (E4/D4) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
171
Financial Statements Analysis of Financial Sector
2018
INSURANCE COMPANIES
Billion Rs
ANALYSIS OF EQUITY
Total equity (including others) of insurance sector
Components of Shareholders' Equity
dropped from Rs 133.06 billion in CY17 to Rs.
47.46
131.72 billion in CY18. The reason behind this
43.86
50
20%
42.27 43.27
42.45
14.40%
decline in equity is due to decline in equity
39.59
15%
(including others) of non-life insurance companies’
40
10%
that shared 78.11 percent of the overall equity and
7.22%
30
declined by 3.47 percent during the year. Whereas,
5%
life insurance and takaful companies posted YoY
1.35%
0%
20
increase of 7.44 percent and 21.59 percent
-5%
respectively in their equity during the year CY18,
10
2.743.14 -10%
contributing 19.38 percent and 2.51 percent shares
-10.92%
respectively of total equity of insurance sector in
0
-15%
Share
Reserves
Un App.
Others
CY18. The Share Capital (SC) comprising 32.23
Capital (SC)
(RS)
Profit (RE) (MISC)
percent of total equity increased by 7.22 percent in
CY18 as compared to CY17. Reserves, comprises
CY17
CY18
Growth
of 32.10 percent of total equity (including others)
declined during the year, dropped from Rs. 47.46 billion to touch Rs. 42.27 billion posted a decline of
10.92 percent in CY18 as compared to CY17. However, un-appropriated profit of insurance companies
posted an increase of 1.35 percent in CY18 to reach Rs. 43.86 billion.
Growth
P ERFORMANCE AT A GLANCE
The balance sheet size of insurance sector
Category-wise % Share in overall Balance Sheet
expanded by 9.95 percent, with corresponding
increases of 11.14 percent in liabilities during
1.88
1.94
2.51
CY18. This growth rate was attained mainly due to
8.86
14.97
increase of 11.76 percent in the size of balance
sheet of life insurance, which contributed 83.10
78.11
percent share of insurance sector in CY18. Takaful
89.26
companies shared 1.94 percent of insurance sector
83.10
in CY18, recorded an increase of 15.34 percent in
their total assets. Contrarily, total equity (including
19.38
others) of insurance sector posted a decline of 1.01
percent in CY18 as compared to the previous year.
Total Equity
Liabilities
Assets
This decline in equity (including others) is mainly
(including
attributed due to decline of 3.47 percent in equity
others)
Life Insurance
Non-Life Insurance
Takaful
of non-life insurance companies in CY18 over
CY17, which contributed 78.11 percent share of
overall insurance sector in CY18. On account of earnings, insurance sector posted decreases of 11.16
percent and 13.09 percent in profit before tax and after tax respectively in CY18. Decline in over-all
profit before tax and after tax is mainly due to life insurance companies whose profit before tax and after
tax decline by 15.66 percent and 16.11 percent respectively during the year CY18 over CY17. Similarly,
life insurance and takaful companies’ also posted decline in earning before and after taxation in CY18 as
compared to CY17.
172
Financial Statements Analysis of Financial Sector
ANALYSIS OF ASSETS
Total assets (TA) reached Rs. 1,493.04 billion in
CY18, with an increase of 9.95 percent over CY17.
Total investment including securities and properties
(IV) reached at Rs. 1,139.56 billion increased by
8.50 percent in CY18, which hold 76.32 percent
share of overall assets and remained the largest
component. Cash and Balances with banks (C&B)
however, reflected a decrease of 9.51 percent over
the previous year. Total assets of Life Insurance
grew by 11.76 percent in CY18 over CY17 from Rs
1,110.05 billion in CY17 to Rs. 1,240.64 billion in
CY18. Similarly, total assets of non-Life insurance
also increased from Rs. 222.82 billion in CY17 to
Rs 223.45 billion in CY18, reflecting an increase of
0.28 percent.
Components of Assets
ANALYSIS OF LIABILITIES
Total liabilities (TL) of insurance sector stood at
Rs. 1,361.32 billion in CY18 increased by 11.14
percent from Rs. 1,224.92 billion in CY17.
Balances of statutory funds (BSF) with an increase
of 22.27 percent reached to Rs 3.73 billion in
CY18 as compared from Rs. 3.05 billion in CY17.
Total Liabilities of life insurance companies, which
comprises of 89.26 percent share of total liabilities,
increase by 11.86 percent in CY18 over CY17.
Similarly, total liabilities of non-life insurance and
takaful companies also posted and increase during
the year CY18 when compared with previous year.
Outstanding claims, advances, premium due to
other insurance (OC) contributed 73.88 percent
share of total liabilities related to insurance sector,
of which 90.41 percent share belongs to life
insurance sector and posted YoY increase of 11.43
percent in CY18.
Components of Liabilities
1600
15%
1400
9.95%10%
8.50%
1200
Billion Rs
800
Growth
5%
1000
0%
600
-5%
400
-9.15%
-10%
200
0
-15%
C&B
CY16
IV
CY17
TA
Growth
1600
25%
22.27%
1400
Billion Rs
1000
15%
800
11.43%
11.14%
10%
600
Growth
20%
1200
10.19%
400
5%
200
0
0%
TL
BSF
CY17
Outst.
Misc Liab
Claims (OC)
CY18
Non Core Income of Insurance Companies
151.10
150.90
132.12 14.22%
Billion Rs
120
100
20%
10%
0%
89.02
-10%
80
-20%
60
Growth
160
140
P ROFITABILITY AND OPERATING EFFICIENCY
The main source of revenue of insurance sector is
premium. The gross premium for year CY17 was
Rs 294.64 billion, increased by 5.56 percent to
reach Rs. 311.03 billion in CY18. Similarly, net
premium posted an increase during the year from
Rs. 253.14 billion in CY17 to Rs. 273.46 billion in
CY18, showing a YoY growth of 8.02 percent.
However, investment income, witnessed a downfall
in current year from Rs. 151.10, billion in CY17,
2018
-30%
40
-40%
-41.08%
20
0
-50%
Investment Income
CY17
Underwriting Profit
CY18
Growth
173
Financial Statements Analysis of Financial Sector
2018
decreased by 41.08 percent to reach Rs. 89.00 billion in CY18. Under-writing profit stood at Rs. 132.12
billion in CY17, showed a YoY growth of 14.22 percent to reach Rs. 150.90 billion in CY18. Profit
before and after taxation decreased to reach at Rs. 22.01 billion and Rs. 14.13 billion respectively in
CY18.
Return on Equity (ROE) at 12.47 percent in CY17 decreased to 10.99 percent in CY18. Similarly, Return
on Assets (ROA) at 1.20 percent in CY17 decreased to 0.95 percent in CY18. Earnings per Share (EPS) at
Rs. 4.41 in CY17, decreased to Rs. 3.59 per share in CY18. Breakup value decreased from Rs. 35.33 per
share in CY17 to Rs. 32.72 per share in CY18.
Profitability Ratios
Valuation per Share
40
14%
12%
35.33
12.47%
32.72
35
10.99%
30
Rs per Share
10%
8%
6%
4%
1.20% 0.95%
2%
25
20
15
10
4.41 3.59
5
0%
ROE
0
ROA
CY17
EPS
CY18
CY17
CY18
BPS
MARKET SHARE OF MAJOR INSURANCE COMPANIES
E.F.U General Insurance Ltd, Adamjee Insurance Company Ltd, Pakistan Reinsurance Company. Ltd,
Jubilee General Insurance Company and Premier Insurance Company Ltd shared 62.59 percent of nonlife insurance. State Life insurance Corporation Ltd with 74.98 percent share remained the major player
of Life insurance followed by Jubilee Life insurance (11.25 percent) and EFU Life Insurance (9.41
percent).
Market Share of Major Companies
Non-Life Insurance
Non-Life Insurance
Jubilee
General
Insurance
Co. Ltd.
9.54%
Premier
Insurance
Co. Ltd.
1.34%
Others
37.41%
E.F.U.Gene
ral
Insurance
Co. Ltd.
19.19%
Adamjee
Insurance
Co. Ltd.
21.41%
Pakistan
Reinsurance
Co. Ltd.
11.11%
Adamjee
Adamjee
Life
Assurance
Co. Ltd.
2.73%
EFU Life
Assurance
Co. Ltd.
9.41%
IGI Life
Life Insurance
Life Insurance
IGI Life
Insurance
Limited Others
1.50% 0.12%
Jubilee Life
Insurance
Co. Ltd.
11.25%
State Life
Insurance
Corporation
Ltd.
74.98%
174
Financial Statement Analysis of Financial Sector
Insurance Companies - Overall
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
91,096,313
100,593,380
141,449,459
130,316,677
128,579,024
1.Share capital
34,125,938
34,889,169
36,815,193
39,588,321
42,448,302
2.Reserves
27,874,564
28,916,545
60,096,941
47,457,366
42,274,962
3.Un appropriated profit
29,095,811
36,787,666
44,537,325
43,270,990
43,855,760
Items
A.Total equity (A1 to A3)
1,946,133
2,241,190
3,081,149
2,743,345
3,138,453
B.Total liabilities (B1 to B3)
715,477,867
849,290,532
1,110,442,591
1,224,916,867
1,361,319,519
1.Balance of statutory funds
583,287,684
712,290,613
2,483,637
3,049,994
3,729,090
2.Outstanding claims, adv., prem., due to other insurers
94,079,241
99,783,557
817,331,661
902,527,773
1,005,724,371
3.Other/misc. liabilities
38,110,942
37,216,362
290,627,293
319,339,100
351,866,058
808,520,313
952,125,101
1,254,973,198
1,357,976,888
1,493,036,994
1.Cash and balances with banks
54,448,379
75,512,089
59,415,634
72,132,560
65,532,643
2.Advances to policy holders & employees
41,915,574
51,344,857
63,618,947
1,538,716
1,608,499
3.Investments in securities & properties
592,718,731
699,051,639
987,647,020
1,050,277,578
1,139,557,041
4.Other/misc. assets
109,703,884
114,720,140
132,118,971
217,994,294
266,891,202
9,733,745
11,496,376
12,172,626
16,033,740
19,447,609
4.Others
C.Total assets (C1 to C5)
5.Fixed assets
D.Profit & loss account
9,806,802
12,595,403
13,081,117
151,099,601
89,024,537
2.Gross premium
201,576,280
237,287,200
263,980,909
294,644,245
311,030,780
3.Net premium
159,696,275
193,279,044
215,186,530
253,144,482
273,455,066
4.Gross claims
85,866,140
96,700,763
115,385,078
127,171,083
140,628,484
5.Net claims
64,918,652
77,789,696
95,585,828
110,648,433
125,201,863
6.Underwriting profit
52,237,270
71,661,729
66,867,482
132,116,281
150,902,727
7.Profit/(loss) before taxation
17,377,832
23,609,773
25,385,158
24,775,654
22,011,196
8.Profit/(loss) after taxation
13,733,855
18,411,525
17,882,162
16,254,425
14,127,049
3,204,532
3,198,917
3,411,519
3,688,832
3,929,830
1.Investment income
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
40,132,540
52,317,354
48,534,032
58,599,503
59,357,055
1.Return on equity (ROE) (D8/A)
15.08%
18.30%
12.64%
12.47%
10.99%
2.Return on assets (ROA) (D8/C)
1.70%
1.93%
1.42%
1.20%
0.95%
4.29
5.76
5.24
4.41
3.59
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
40.65%
40.25%
44.42%
43.71%
45.79%
380.35%
389.22%
373.93%
812.80%
1,068.18%
6.14%
6.52%
6.08%
59.69%
32.56%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
6.73%
7.93%
4.73%
5.31%
4.39%
73.31%
73.42%
78.70%
77.34%
76.32%
11.27%
10.57%
11.27%
9.60%
8.61%
28.43
31.45
41.46
35.33
32.72
292.22%
284.16%
271.41%
360.51%
420.17%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
175
Financial Statement Analysis of Financial Sector
Life Insurance Corporations - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
11,559,431
13,196,202
20,317,550
22,775,844
24,269,918
7,250,974
7,250,974
7,463,402
7,716,193
8,836,193
108,688
475,410
3,651,823
4,595,669
5,568,163
4,199,769
5,469,818
9,202,325
10,463,982
9,865,562
0
0
1,763,210
986,443
1,260,028
B.Total liabilities (B1 to B3)
624,241,712
749,521,429
982,491,224
1,086,290,787
1,215,109,390
1.Balance of statutory funds
574,457,431
699,644,508
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
26,260,092
30,258,378
734,067,498
810,201,764
909,279,009
3.Other/misc. liabilities
23,524,189
19,618,543
248,423,726
276,089,023
305,830,381
635,801,143
762,717,630
1,004,571,984
1,110,053,074
1,240,639,336
1.Cash and balances with banks
34,462,669
51,453,538
41,256,688
51,651,624
48,084,537
2.Advances to policy holders & employees
41,762,889
51,183,609
63,424,098
1,073,893
1,202,099
509,589,285
606,303,661
840,384,565
915,619,874
1,006,819,824
47,956,674
51,060,853
55,946,440
135,412,822
177,581,159
2,029,626
2,715,969
3,560,193
6,294,861
6,951,717
4.Others
C.Total assets (C1 to C5)
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1,007,538
977,317
1,347,762
73,365,231
81,016,134
2.Gross premium
124,920,503
154,724,842
171,780,969
198,954,987
216,435,519
3.Net premium
122,919,049
152,550,493
169,155,733
196,532,135
213,538,176
4.Gross claims
46,711,753
58,192,743
73,590,010
83,304,800
96,498,789
5.Net claims
45,334,840
56,758,063
71,720,064
81,004,135
94,284,250
6.Underwriting profit
1.Investment income
46,571,456
65,515,530
60,014,111
127,894,046
145,101,506
7.Profit/(loss) before taxation
4,901,298
6,373,220
7,911,523
9,963,044
8,403,004
8.Profit/(loss) after taxation
3,330,788
4,220,479
5,283,415
6,498,998
5,452,216
455,097
455,097
476,340
501,619
568,619
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
35,788,163
46,371,696
42,357,258
54,803,340
53,226,173
1.Return on equity (ROE) (D8/A)
28.81%
31.98%
26.00%
28.53%
22.46%
2.Return on assets (ROA) (D8/C)
0.52%
0.55%
0.53%
0.59%
0.44%
7.32
9.27
11.09
12.96
9.59
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
36.88%
37.21%
42.40%
41.22%
44.15%
1,398.21%
1,552.32%
1,135.90%
1,967.90%
2,661.33%
0.82%
0.64%
0.80%
37.33%
37.94%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
5.42%
6.75%
4.11%
4.65%
3.88%
80.15%
79.49%
83.66%
82.48%
81.15%
1.82%
1.73%
2.02%
2.05%
1.96%
25.40
29.00
42.65
45.40
42.68
1,074.47%
1,098.73%
801.70%
843.26%
976.23%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
176
Financial Statement Analysis of Financial Sector
Adamjee Life Assurance Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
363,902
350,974
1,241,425
1,059,301
1,126,817
935,494
935,494
935,494
935,494
935,494
(641,812)
(655,612)
233,009
69,450
139,035
70,220
71,092
72,922
54,357
52,288
0
0
25,162
4,639
(3,928)
B.Total liabilities (B1 to B3)
8,825,330
15,307,736
22,246,310
28,393,488
32,789,403
1.Balance of statutory funds
8,256,342
14,444,778
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
274,885
467,929
481,280
642,625
1,391,835
3.Other/misc. liabilities
294,103
395,029
21,765,030
27,750,863
31,397,568
9,189,232
15,658,710
23,512,897
29,457,428
33,912,292
572,661
1,339,795
1,677,912
1,351,635
3,311,653
3,523
10,347
28,624
40,086
45,367
8,099,714
13,682,874
20,133,136
27,348,232
29,638,487
454,655
554,978
1,547,339
503,693
749,148
58,679
70,716
125,886
213,782
167,637
4.Others
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
33,855
27,544
23,632
146,016
1,585,556
2.Gross premium
5,214,947
9,150,640
11,301,714
13,766,086
13,247,254
3.Net premium
4,976,433
8,837,691
10,913,432
13,294,151
12,711,254
4.Gross claims
1,413,037
2,036,899
3,480,937
4,826,323
6,915,636
5.Net claims
1,243,399
1,778,293
3,151,648
4,400,308
6,392,091
6.Underwriting profit
1.Investment income
2,908,522
5,743,284
6,428,487
12,921,738
13,157,398
7.Profit/(loss) before taxation
18,685
4,160
1,962
(242,152)
72,563
8.Profit/(loss) after taxation
15,006
871
1,178
(169,749)
56,088
1.No. of ordinary shares (000)
93,549
93,549
93,549
93,549
93,549
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
2,463,754
5,153,454
4,335,391
6,884,690
4,059,752
1.Return on equity (ROE) (D8/A)
4.12%
0.25%
0.09%
-16.02%
4.98%
2.Return on assets (ROA) (D8/C)
0.16%
0.01%
0.01%
-0.58%
0.17%
0.16
0.01
0.01
-1.81
0.60
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
24.99%
20.12%
28.88%
19,382.39%
659,389.67%
545,711.97%
-7,612.26%
33.10%
23,458.49%
50.29%
0.68%
0.31%
0.22%
1.10%
12.47%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
6.23%
8.56%
7.14%
4.59%
9.77%
88.14%
87.38%
85.63%
92.84%
87.40%
3.96%
2.24%
5.28%
3.60%
3.32%
3.89
3.75
13.27
11.32
12.05
16,418.46%
591,670.95%
368,029.80%
-4,055.81%
7,238.18%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
177
Financial Statement Analysis of Financial Sector
Askari Life Insurance Co. Ltd.(Formally East West Life Assur
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2014
2015
2016
230,493
202,830
194,282
594,292
594,292
0
0
(363,799)
(391,462)
2018
(Thousand Rupees)
2017
2018
158,620
545,627
601,720
601,720
1,101,720
(320,764)
(355,735)
(452,235)
(86,674)
(87,365)
(103,858)
0
0
282
100,238
257
B.Total liabilities (B1 to B3)
348,835
341,993
281,990
268,109
297,489
1.Balance of statutory funds
247,312
215,406
0
0
0
98,966
109,202
83,362
77,910
108,263
2,557
17,385
198,628
190,199
189,226
579,328
544,822
476,554
526,967
843,373
207,319
189,137
65,960
55,225
73,881
8,357
9,950
10,671
10,859
9,804
284,900
305,099
359,808
423,767
714,005
4.Other/misc. assets
53,778
19,334
20,824
19,987
40,300
5.Fixed assets
24,974
21,302
19,291
17,129
5,383
4.Others
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
D.Profit & loss account
18,723
9,852
16,373
23,833
29,631
2.Gross premium
225,031
42,859
24,856
19,211
43,849
3.Net premium
142,582
31,584
20,081
16,758
25,661
4.Gross claims
203,166
99,226
50,399
39,556
64,040
5.Net claims
120,971
73,712
49,516
37,332
50,083
6.Underwriting profit
39,326
16,179
(59,824)
42,380
58,472
7.Profit/(loss) before taxation
28,386
(2,223)
(4,751)
(35,073)
(112,738)
8.Profit/(loss) after taxation
29,048
(3,307)
(4,917)
(35,662)
(112,993)
1.No. of ordinary shares (000)
59,429
59,429
60,172
60,172
110,172
2.Cash dividend
0.00%
0.00%
0.01%
0.00%
0.00%
1.Investment income
E.Other items
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
(9,807)
(29,730)
(109,938)
(71,636)
(118,998)
1.Return on equity (ROE) (D8/A)
12.60%
-1.63%
-2.53%
-22.48%
-20.71%
2.Return on assets (ROA) (D8/C)
5.01%
-0.61%
-1.03%
-6.77%
-13.40%
0.49
-0.06
-0.08
-0.59
-1.03
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
84.84%
233.38%
246.58%
222.77%
195.17%
135.38%
-489.23%
1,216.68%
-118.84%
-51.75%
13.13%
31.19%
81.53%
142.22%
115.47%
1.Cash & bank balances to total assets (C1/C)
35.79%
34.72%
13.84%
10.48%
8.76%
2. Investment to total assets (C3/C)
49.18%
56.00%
75.50%
80.42%
84.66%
39.79%
37.23%
40.77%
30.10%
64.70%
3.88
3.41
3.23
2.64
4.95
-33.76%
899.00%
2,235.88%
200.87%
105.31%
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
178
Financial Statement Analysis of Financial Sector
EFU Life Assurance Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
2,834,273
3,409,743
5,535,588
5,870,550
5,951,883
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
750,500
950,000
1,650,000
1,900,000
2,150,000
1,083,773
1,459,743
2,885,588
2,970,550
2,801,883
0
0
582,271
92,121
75,713
B.Total liabilities (B1 to B3)
64,394,209
87,855,636
100,496,875
103,582,513
110,737,015
1.Balance of statutory funds
61,222,367
83,836,320
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
1,815,614
2,216,190
2,416,546
2,840,305
2,545,802
3.Other/misc. liabilities
1,356,228
1,803,126
98,080,329
100,742,208
108,191,213
67,228,482
91,265,379
106,614,734
109,545,184
116,764,611
7,666,369
14,406,587
3,037,489
6,057,913
4,786,362
71,300
100,187
91,912
105,386
136,737
55,534,580
71,941,323
99,021,099
97,959,122
105,820,637
4.Other/misc. assets
2,872,629
3,149,588
2,309,842
3,213,921
3,562,210
5.Fixed assets
1,083,604
1,667,694
2,154,392
2,208,842
2,458,665
4.Others
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
D.Profit & loss account
475,995
144,448
410,697
6,411,124
6,942,391
2.Gross premium
18,219,910
31,033,830
24,676,452
31,420,835
30,790,407
3.Net premium
17,595,939
30,351,972
23,861,851
30,813,133
30,164,268
4.Gross claims
5,184,170
9,396,055
18,351,861
14,828,672
13,589,766
5.Net claims
4,714,369
8,941,518
17,764,439
14,237,934
13,094,451
10,270,678
18,537,493
3,261,031
27,157,046
30,372,245
1,423,373
2,225,370
2,798,096
2,794,241
2,326,390
950,901
1,475,470
1,872,896
1,909,962
1,581,333
1.Investment income
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
1.No. of ordinary shares (000)
100,000
100,000
100,000
100,000
100,000
2.Cash dividend
75.00%
100.00%
1.50%
1.50%
1.50%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
0.00%
0.00%
0.00%
0.00%
0.00%
7,939,450
15,860,606
212,450
7,299,968
7,835,807
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
33.55%
43.27%
33.83%
32.53%
26.57%
2.Return on assets (ROA) (D8/C)
1.41%
1.62%
1.76%
1.74%
1.35%
9.51
14.75
18.73
19.10
15.81
3.Earning per share (D8/E1) (rs. per share)
26.79%
29.46%
74.45%
46.21%
43.41%
1,080.10%
1,256.38%
174.12%
1,421.86%
1,920.67%
2.71%
0.48%
1.72%
20.81%
23.02%
1.Cash & bank balances to total assets (C1/C)
11.40%
15.79%
2.85%
5.53%
4.10%
2. Investment to total assets (C3/C)
82.61%
78.83%
92.88%
89.42%
90.63%
4.22%
3.74%
5.19%
5.36%
5.10%
28.34
34.10
55.36
58.71
59.52
834.94%
1,074.95%
11.34%
382.20%
495.52%
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
179
Financial Statement Analysis of Financial Sector
IGI Life Insurance Limited (Formerly American Life Insuranc
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
825,502
889,901
1,496,342
1,569,055
1,402,094
500,000
500,000
605,000
705,672
705,672
0
0
77,899
173,456
71,065
325,502
389,901
813,443
689,927
625,357
0
0
108,208
(24,767)
(48,240)
B.Total liabilities (B1 to B3)
11,037,084
12,716,255
17,943,342
18,484,007
17,296,523
1.Balance of statutory funds
10,455,853
12,020,855
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
248,428
323,405
423,213
336,799
351,275
3.Other/misc. liabilities
332,803
371,995
17,520,129
18,147,208
16,945,248
11,862,586
13,606,156
19,547,892
20,028,295
18,650,377
1.Cash and balances with banks
596,598
433,202
610,880
746,277
768,762
2.Advances to policy holders & employees
134,711
146,947
0
0
0
10,308,203
12,094,010
17,671,547
17,771,814
15,681,832
788,634
858,438
1,181,180
1,382,315
1,645,575
34,440
73,559
84,285
127,889
554,208
4.Others
C.Total assets (C1 to C5)
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
89,389
105,621
106,863
1,072,504
1,077,634
2.Gross premium
2,535,167
3,962,435
7,584,067
5,617,388
4,793,561
3.Net premium
2,435,929
3,834,615
7,436,242
5,488,472
4,656,321
4.Gross claims
3,429,808
2,612,003
3,213,429
4,392,221
5,154,003
5.Net claims
3,398,383
2,598,090
3,186,980
4,318,736
5,122,635
1.Investment income
(1,278,523)
914,613
3,813,915
453,138
(939,362)
7.Profit/(loss) before taxation
82,615
112,645
135,539
225,975
(134,076)
8.Profit/(loss) after taxation
55,352
76,599
94,890
157,771
(94,703)
6.Underwriting profit
E.Other items
1.No. of ordinary shares (000)
50,000
50,000
60,500
70,567
70,567
2.Cash dividend
0.00%
10.00%
0.20%
10.00%
0.16%
0.00%
0.00%
0.16%
(1,880,798)
279,454
2,965,665
(411,053)
(1,990,349)
1.Return on equity (ROE) (D8/A)
6.71%
8.61%
6.34%
10.06%
-6.75%
2.Return on assets (ROA) (D8/C)
0.47%
0.56%
0.49%
0.79%
-0.51%
1.11
1.53
1.57
2.24
-1.34
3.Stock dividend/bonus shares
4.Cash generated from operating activities
16.00%
0.10%
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
139.51%
67.75%
42.86%
78.69%
110.01%
-2,309.80%
1,194.03%
4,019.30%
287.21%
991.90%
3.67%
2.75%
1.44%
19.54%
23.14%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
5.03%
3.18%
3.13%
3.73%
4.12%
86.90%
88.89%
90.40%
88.73%
84.08%
6.96%
6.54%
7.65%
7.83%
7.52%
16.51
17.80
24.73
22.23
19.87
-3,397.89%
364.83%
3,125.37%
-260.54%
2,101.67%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
180
Financial Statement Analysis of Financial Sector
Jubilee Life Insurance Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
3,159,865
3,910,237
7,120,394
721,188
721,188
721,188
793,307
793,307
0
0
1,825,862
2,501,455
3,153,255
2,438,677
3,189,049
4,573,344
6,006,870
6,416,599
9,301,632
10,363,161
0
0
544,802
15,090
(21,492)
B.Total liabilities (B1 to B3)
46,453,638
65,313,697
95,131,570
111,196,179
129,284,345
1.Balance of statutory funds
44,020,932
62,205,691
0
0
0
4.Others
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
962,796
1,291,111
1,774,327
2,465,214
5,565,251
1,469,910
1,816,895
93,357,243
108,730,965
123,719,094
49,613,503
69,223,934
102,796,766
120,512,901
139,626,014
5,070,940
7,379,823
4,404,061
4,893,175
5,673,359
6,199
9,350
9,152
18,909
24,792
41,908,749
58,999,033
94,253,985
110,010,655
112,519,463
2,137,854
2,296,206
3,394,977
2,331,502
18,082,299
489,761
539,522
734,591
3,258,660
3,326,101
D.Profit & loss account
206,401
345,552
463,311
5,959,850
7,564,517
2.Gross premium
21,823,383
29,929,196
38,003,577
46,816,891
51,887,073
3.Net premium
21,085,925
29,120,815
36,988,234
45,905,895
50,670,972
4.Gross claims
5,611,509
7,639,144
10,268,591
14,015,203
17,294,771
5.Net claims
5,082,604
7,021,641
9,473,846
12,969,716
16,315,729
1.Investment income
12,256,165
17,492,293
23,009,185
42,091,302
48,996,245
7.Profit/(loss) before taxation
2,001,463
2,441,560
3,151,604
5,135,506
3,775,351
8.Profit/(loss) after taxation
1,361,532
1,621,560
2,107,898
3,261,837
2,430,331
72,119
72,119
72,119
79,331
79,331
95.00%
135.00%
1.45%
1.75%
1.75%
6.Underwriting profit
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
0.00%
0.00%
0.10%
0.00%
0.00%
9,457,705
14,024,645
18,136,828
22,157,759
22,499,257
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
43.09%
41.47%
29.60%
35.07%
23.45%
2.Return on assets (ROA) (D8/C)
2.74%
2.34%
2.05%
2.71%
1.74%
18.88
22.48
29.23
41.12
30.64
3.Earning per share (D8/E1) (rs. per share)
24.10%
24.11%
25.61%
28.25%
32.20%
900.17%
1,078.73%
1,091.57%
1,290.42%
2,016.03%
0.98%
1.19%
1.25%
12.98%
14.93%
1.Cash & bank balances to total assets (C1/C)
10.22%
10.66%
4.28%
4.06%
4.06%
2. Investment to total assets (C3/C)
84.47%
85.23%
91.69%
91.29%
80.59%
6.37%
5.65%
6.93%
7.72%
7.42%
43.81
54.22
98.73
117.25
130.63
694.64%
864.89%
860.42%
679.30%
925.77%
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
181
Financial Statement Analysis of Financial Sector
State Life Insurance Corporation Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
3,840,308
4,228,971
4,398,078
4,576,958
4,720,658
3,000,000
3,000,000
3,000,000
3,000,000
3,500,000
0
181,022
185,817
307,043
507,043
840,308
1,047,949
1,212,261
1,269,915
713,615
0
0
502,485
779,122
1,157,718
B.Total liabilities (B1 to B3)
492,849,392
567,597,756
746,289,576
824,105,800
924,352,798
1.Balance of statutory funds
450,025,386
526,675,676
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
22,789,343
25,747,828
728,855,421
803,781,784
899,221,629
3.Other/misc. liabilities
20,034,663
15,174,252
17,434,155
20,324,016
25,131,169
496,689,700
571,826,727
751,190,139
829,461,880
930,231,174
1.Cash and balances with banks
20,260,703
27,623,482
31,348,623
38,452,099
33,298,315
2.Advances to policy holders & employees
41,538,799
50,906,828
63,283,739
898,653
985,399
393,057,338
448,906,836
608,801,177
661,915,969
742,242,883
41,500,477
44,049,426
47,347,590
127,758,291
153,290,575
332,383
340,155
409,010
436,868
414,002
4.Others
C.Total assets (C1 to C5)
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
150,706
323,826
317,517
59,738,227
63,800,988
2.Gross premium
76,560,563
80,171,629
90,074,024
101,044,743
115,238,178
3.Net premium
76,342,055
79,941,313
89,820,969
100,760,717
114,914,347
4.Gross claims
30,599,515
36,025,579
38,070,144
45,117,374
53,211,649
5.Net claims
30,504,566
35,960,972
37,938,986
44,954,658
53,040,337
6.Underwriting profit
22,369,280
22,745,076
23,606,112
44,954,658
53,040,337
1,332,682
1,588,465
1,830,460
2,256,129
2,675,420
905,107
1,047,949
1,212,261
1,546,552
1,792,210
1.No. of ordinary shares (000)
30,000
30,000
30,000
30,000
35,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
1.Investment income
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
17,951,170
11,149,658
17,029,114
19,024,872
21,068,067
1.Return on equity (ROE) (D8/A)
23.57%
24.78%
27.56%
33.79%
37.97%
2.Return on assets (ROA) (D8/C)
0.18%
0.18%
0.16%
0.19%
0.19%
30.17
34.93
40.41
51.55
51.21
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
39.96%
44.98%
42.24%
44.62%
46.16%
2,471.45%
2,170.44%
1,947.28%
2,906.77%
2,959.49%
0.20%
0.41%
0.35%
59.29%
55.52%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
4.08%
4.83%
4.17%
4.64%
3.58%
79.14%
78.50%
81.04%
79.80%
79.79%
H.Capital /leverage ratios
1.Capital ratio (A/C)
0.77%
0.74%
0.59%
0.55%
0.51%
2.Break up value per share (A/E1) (Rs. per share)
128.01
140.97
146.60
152.57
134.88
1,983.32%
1,063.95%
1,404.74%
1,230.15%
1,175.54%
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
182
Financial Statement Analysis of Financial Sector
TPL Life Insurance Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
305,088
203,546
331,441
239,728
159,678
500,000
500,000
600,000
680,000
800,000
0
0
0
0
(194,912)
(296,454)
(268,559)
0
(440,272)
(640,322)
0
0
0
20,000
100,000
B.Total liabilities (B1 to B3)
333,224
388,356
101,561
260,691
351,817
1.Balance of statutory funds
229,239
245,782
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
70,060
102,713
33,349
57,127
94,954
3.Other/misc. liabilities
33,925
39,861
68,212
203,564
256,863
638,312
591,902
433,002
520,419
611,495
88,079
81,512
111,763
95,300
172,205
0
0
0
0
0
3.Investments in securities & properties
395,801
374,486
143,813
190,315
202,517
4.Other/misc. assets
148,647
132,883
144,688
203,113
211,052
5,785
3,021
32,738
31,691
25,721
4.Others
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
32,469
20,474
9,369
13,677
15,417
2.Gross premium
341,502
434,253
116,279
269,833
435,197
3.Net premium
340,186
432,503
114,924
253,009
395,353
4.Gross claims
270,548
383,837
154,649
85,451
268,924
5.Net claims
270,548
383,837
154,649
85,451
268,924
1.Investment income
6,008
66,592
(44,795)
273,784
416,171
7.Profit/(loss) before taxation
14,094
3,243
(1,387)
(171,582)
(199,906)
8.Profit/(loss) after taxation
13,842
1,337
(791)
(171,713)
(200,050)
1.No. of ordinary shares (000)
50,000
50,000
60,000
68,000
80,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.20%
6.Underwriting profit
E.Other items
0.00%
0.00%
0.00%
0.10%
0.13%
(133,311)
(66,391)
(212,252)
(81,260)
(127,363)
1.Return on equity (ROE) (D8/A)
4.54%
0.66%
-0.24%
-71.63%
-125.28%
2.Return on assets (ROA) (D8/C)
2.17%
0.23%
-0.18%
-33.00%
-32.71%
0.28
0.03
-0.01
-2.53
-2.50
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
79.53%
88.75%
134.57%
33.77%
68.02%
5.Underwriting profit to profit after tax. (D6/D8)
43.40%
4,980.70%
5,663.08%
-159.44%
-208.03%
9.54%
4.73%
8.15%
5.41%
3.90%
1.Cash & bank balances to total assets (C1/C)
13.80%
13.77%
25.81%
18.31%
28.16%
2. Investment to total assets (C3/C)
62.01%
63.27%
33.21%
36.57%
33.12%
47.80%
34.39%
76.54%
46.06%
26.11%
6.10
4.07
5.52
3.53
2.00
-963.09%
-4,965.67%
26,833.38%
47.32%
63.67%
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
183
Financial Statement Analysis of Financial Sector
Non-Life Insurance Corporations - Overall
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
77,994,558
85,672,698
119,197,111
105,237,393
101,536,542
1.Share capital
24,231,587
24,956,223
26,669,819
28,868,022
29,982,770
2.Reserves
27,611,295
28,729,273
56,719,892
43,132,816
37,122,153
3.Un appropriated profit
26,151,676
31,987,202
35,807,400
33,236,555
34,431,619
Items
A.Total equity (A1 to A3)
1,956,934
2,372,062
990,973
1,346,340
1,350,990
79,900,836
85,009,157
108,478,728
116,241,159
120,561,360
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
66,177,568
68,129,992
81,971,884
90,909,822
94,961,277
3.Other/misc. liabilities
13,723,268
16,879,165
26,506,844
25,331,337
25,600,083
159,852,328
173,053,917
228,666,812
222,824,892
223,448,891
15,080,069
13,957,146
13,990,926
15,827,710
12,927,560
150,577
160,149
192,160
451,119
398,903
3.Investments in securities & properties
77,708,916
88,616,982
133,144,045
117,423,049
111,894,893
4.Other/misc. assets
59,466,953
61,778,053
73,075,654
79,773,283
86,198,902
7,445,813
8,541,587
8,264,027
9,349,731
12,028,633
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
8,705,619
11,525,778
11,648,142
76,883,518
6,840,239
2.Gross premium
68,597,486
73,236,976
82,126,307
85,265,626
84,209,852
3.Net premium
34,689,399
38,457,368
43,497,059
47,706,158
51,378,342
4.Gross claims
36,240,847
35,614,978
38,237,079
39,110,459
39,363,995
5.Net claims
18,134,238
19,624,133
22,311,119
25,669,600
26,667,411
1.Investment income
5,517,698
6,162,586
6,868,594
4,200,129
5,789,765
7.Profit/(loss) before taxation
12,422,653
17,545,218
17,723,135
15,068,108
13,935,911
8.Profit/(loss) after taxation
10,385,439
14,569,114
12,912,257
10,072,307
9,067,094
2,485,097
2,475,622
2,666,982
2,886,802
2,998,277
6.Underwriting profit
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
4.Cash generated from operating activities
N/A
N/A
2,679,882
N/A
N/A
3,033,429
N/A
N/A
3,765,002
N/A
N/A
N/A
N/A
768,833
3,605,181
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
13.32%
17.01%
10.83%
9.57%
8.93%
2.Return on assets (ROA) (D8/C)
6.50%
8.42%
5.65%
4.52%
4.06%
4.18
5.89
4.84
3.49
3.02
4.Net Claims Incurred Ratio (D5/D3)
52.28%
51.03%
51.29%
53.81%
51.90%
5.Underwriting profit to profit after tax. (D6/D8)
53.13%
42.30%
53.19%
41.70%
63.85%
6.Investment income to net premium (D1/D3)
25.10%
29.97%
26.78%
161.16%
13.31%
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
9.43%
8.07%
6.12%
7.10%
5.79%
48.61%
51.21%
58.23%
52.70%
50.08%
48.79%
49.51%
52.13%
47.23%
45.44%
31.38
34.61
44.69
36.45
33.86
25.80%
20.82%
29.16%
7.63%
39.76%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
184
Financial Statement Analysis of Financial Sector
Adamjee Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
13,660,985
14,561,315
21,871,855
20,364,465
19,663,359
1.Share capital
3,500,000
3,500,000
3,500,000
3,500,000
3,500,001
2.Reserves
1,396,934
1,408,626
6,278,086
5,000,501
3,784,200
3.Un appropriated profit
8,764,051
9,652,689
12,093,769
11,863,964
12,379,158
Items
A.Total equity (A1 to A3)
0
0
0
0
0
15,267,657
17,818,714
23,767,842
27,023,072
28,181,736
0
0
0
0
0
12,947,025
15,139,146
18,713,108
22,383,450
23,680,578
2,320,632
2,679,568
5,054,734
4,639,622
4,501,158
28,928,642
32,380,029
45,639,697
47,387,537
47,845,094
2,876,630
2,898,132
3,811,171
2,278,614
2,211,444
14,225
16,998
18,369
147,024
103,455
3.Investments in securities & properties
13,482,064
15,393,433
24,337,225
23,749,454
24,114,124
4.Other/misc. assets
11,441,925
12,770,269
16,223,192
18,580,304
17,822,573
1,113,798
1,301,197
1,249,740
2,632,141
3,593,498
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
2,060,861
3,502,042
3,502,042
1,493,778
1,284,656
12,145,147
13,639,668
16,270,031
18,521,851
20,387,059
3.Net premium
6,302,550
7,747,391
9,615,381
11,534,999
13,805,781
4.Gross claims
9,928,306
10,310,530
10,609,406
10,632,888
13,413,513
5.Net claims
4,088,215
5,223,103
6,210,499
7,433,828
8,385,752
1.Investment income
2.Gross premium
369,210
241,685
1,077,987
556,779
815,905
7.Profit/(loss) before taxation
2,030,472
2,214,371
4,053,636
2,120,906
2,173,500
8.Profit/(loss) after taxation
1,879,098
1,942,559
3,492,944
1,221,228
1,239,000
1.No. of ordinary shares (000)
350,000
350,000
350,000
350,000
350,000
2.Cash dividend
27.50%
30.00%
40.00%
25.00%
25.00%
6.Underwriting profit
E.Other items
3.Stock dividend/bonus shares
4.Cash generated from operating activities
0.00%
0.00%
0.00%
0.00%
0.00%
1,147,794
838,188
222,446
1,060,014
1,892,177
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
13.76%
13.34%
15.97%
6.00%
6.30%
2.Return on assets (ROA) (D8/C)
6.50%
6.00%
7.65%
2.58%
2.59%
5.37
5.55
9.98
3.49
3.54
4.Net Claims Incurred Ratio (D5/D3)
64.87%
67.42%
64.59%
64.45%
60.74%
5.Underwriting profit to profit after tax. (D6/D8)
19.65%
12.44%
30.86%
45.59%
65.85%
6.Investment income to net premium (D1/D3)
32.70%
45.20%
36.42%
12.95%
9.31%
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
9.94%
8.95%
8.35%
4.81%
4.62%
46.60%
47.54%
53.32%
50.12%
50.40%
47.22%
44.97%
47.92%
42.97%
41.10%
39.03
41.60
62.49
58.18
56.18
61.08%
43.15%
6.37%
86.80%
152.72%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
185
Financial Statement Analysis of Financial Sector
Alflah Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
710,311
814,769
985,184
1,054,417
1,066,866
1.Share capital
300,000
500,000
500,000
500,000
500,000
2.Reserves
151,381
160,834
203,541
152,332
100,604
3.Un appropriated profit
258,930
153,935
281,643
402,085
466,262
Items
A.Total equity (A1 to A3)
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
0
0
0
0
0
1,469,542
1,571,437
1,875,401
2,096,066
2,120,005
0
0
0
0
0
1,242,815
1,314,702
1,498,541
1,649,111
1,609,041
226,727
256,735
376,860
446,955
510,964
2,179,853
2,386,206
2,860,585
3,150,483
3,186,871
207,641
132,469
374,766
765,259
592,898
3,910
2,685
4,114
3,419
4,996
860,171
978,776
798,107
574,442
1,016,096
1,033,574
1,199,698
1,500,068
1,614,801
1,390,698
74,557
72,578
183,530
192,562
182,183
D.Profit & loss account
101,341
75,383
96,509
48,856
36,932
1,330,854
1,545,612
1,924,317
2,082,005
2,338,699
3.Net premium
705,323
780,180
916,586
1,043,222
1,302,298
4.Gross claims
622,815
593,629
861,774
711,734
1,168,455
5.Net claims
410,817
429,297
493,076
470,630
617,966
6.Underwriting profit
150,515
180,158
86,168
100,692
24,197
7.Profit/(loss) before taxation
150,594
153,511
194,975
176,895
95,188
8.Profit/(loss) after taxation
123,037
115,214
129,374
123,040
65,767
1.No. of ordinary shares (000)
30,000
50,000
50,000
50,000
50,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
1.Investment income
2.Gross premium
E.Other items
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
81,469
(9,452)
79,782
163,110
257,785
1.Return on equity (ROE) (D8/A)
17.32%
14.14%
13.13%
11.67%
6.16%
2.Return on assets (ROA) (D8/C)
5.64%
4.83%
4.52%
3.91%
2.06%
4.10
2.30
2.59
2.46
1.32
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
58.25%
55.03%
53.79%
45.11%
47.45%
122.33%
156.37%
66.60%
81.84%
36.79%
14.37%
9.66%
10.53%
4.68%
2.84%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
9.53%
5.55%
13.10%
24.29%
18.60%
39.46%
41.02%
27.90%
18.23%
31.88%
32.59%
34.14%
34.44%
33.47%
33.48%
23.68
16.30
19.70
21.09
21.34
66.22%
-8.20%
61.67%
132.57%
391.97%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
186
Financial Statement Analysis of Financial Sector
Allianz EFU Health Insurance Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
577,945
600,399
664,856
581,408
561,442
300,000
300,000
500,000
500,000
500,000
0
0
33,787
(9,773)
(11,752)
277,945
300,399
131,069
91,181
73,194
0
0
0
0
0
771,245
980,532
1,110,622
1,239,580
1,253,455
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
638,064
814,145
923,764
1,049,803
1,066,964
3.Other/misc. liabilities
133,181
166,387
186,858
189,777
186,491
1,349,190
1,580,931
1,775,478
1,820,988
1,814,897
41,511
67,576
91,398
39,549
122,911
0
2,287
1,387
10,882
8,628
1,537
910,217
888,660
759,479
695,971
1,265,763
564,124
752,822
954,636
934,167
40,379
36,727
41,211
56,442
53,220
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
101,228
122,960
111,148
44,449
20,931
1,492,970
1,664,793
2,004,643
1,947,030
2,026,447
3.Net premium
994,753
1,026,724
1,286,460
1,227,527
1,335,397
4.Gross claims
1.Investment income
2.Gross premium
1,047,409
1,112,362
1,470,078
1,443,373
1,694,426
5.Net claims
731,942
769,980
1,027,222
936,425
1,069,395
6.Underwriting profit
157,780
135,011
145,578
132,905
101,299
7.Profit/(loss) before taxation
234,282
229,913
216,577
121,740
76,947
8.Profit/(loss) after taxation
172,339
172,454
150,670
84,244
57,013
1.No. of ordinary shares (000)
30,000
30,000
50,000
50,000
50,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
E.Other items
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
57,062
213,864
(9,129)
26,334
72,977
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
29.82%
28.72%
22.66%
14.49%
10.15%
2.Return on assets (ROA) (D8/C)
12.77%
10.91%
8.49%
4.63%
3.14%
5.74
5.75
3.01
1.68
1.14
4.Net Claims Incurred Ratio (D5/D3)
73.58%
74.99%
79.85%
76.29%
80.08%
5.Underwriting profit to profit after tax. (D6/D8)
91.55%
78.29%
96.62%
157.76%
177.68%
6.Investment income to net premium (D1/D3)
10.18%
11.98%
8.64%
3.62%
1.57%
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
3.08%
4.27%
5.15%
2.17%
6.77%
2. Investment to total assets (C3/C)
0.11%
57.57%
50.05%
41.71%
38.35%
42.84%
37.98%
37.45%
31.93%
30.94%
19.26
20.01
13.30
11.63
11.23
33.11%
124.01%
-6.06%
31.26%
128.00%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
187
Financial Statement Analysis of Financial Sector
Alpha Insurance Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
603,304
635,309
702,578
741,053
705,602
403,600
403,600
403,600
500,000
500,000
10,175
10,175
92,844
95,005
108,890
189,529
221,534
206,134
146,048
96,712
0
0
0
0
0
426,408
339,167
493,790
670,093
510,467
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
225,387
244,081
396,088
590,450
423,339
3.Other/misc. liabilities
201,021
95,086
97,702
79,643
87,128
1,029,712
974,476
1,196,368
1,411,146
1,216,069
64,319
33,151
22,320
133,048
31,399
0
0
0
0
0
3.Investments in securities & properties
614,688
654,630
829,497
779,013
808,033
4.Other/misc. assets
336,860
276,288
337,186
493,864
372,771
13,845
10,407
7,365
5,221
3,866
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
87,972
77,297
78,203
53,760
43,777
219,652
179,989
151,448
106,277
83,473
3.Net premium
90,907
63,215
79,946
79,917
47,419
4.Gross claims
117,407
135,756
60,567
111,868
158,074
53,856
14,991
47,719
89,344
46,024
1.Investment income
2.Gross premium
5.Net claims
(42,981)
(12,280)
(73,177)
(123,106)
(97,527)
7.Profit/(loss) before taxation
23,056
41,128
(19,057)
(67,595)
(53,466)
8.Profit/(loss) after taxation
19,509
31,664
(15,475)
(59,846)
(49,628)
1.No. of ordinary shares (000)
40,360
40,360
40,360
50,000
50,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
6.Underwriting profit
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
(65,602)
(68,339)
(35,352)
(110,640)
(134,613)
1.Return on equity (ROE) (D8/A)
3.23%
4.98%
-2.20%
-8.08%
-7.03%
2.Return on assets (ROA) (D8/C)
1.89%
3.25%
-1.29%
-4.24%
-4.08%
0.48
0.78
-0.38
-1.20
-0.99
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
59.69%
111.80%
97.06%
-220.31%
59.24%
-38.78%
23.71%
472.87%
205.70%
196.52%
96.77%
122.28%
97.82%
67.27%
92.32%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
6.25%
3.40%
1.87%
9.43%
2.58%
59.70%
67.18%
69.33%
55.20%
66.45%
58.59%
65.19%
58.73%
52.51%
58.02%
14.95
15.74
17.41
14.82
14.11
-336.27%
-215.83%
228.45%
184.87%
271.24%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
188
Financial Statement Analysis of Financial Sector
Asia Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
419,817
488,142
543,829
620,624
985,939
300,000
300,000
450,000
450,000
800,000
2,500
2,500
2,500
2,500
2,500
3.Un appropriated profit
117,317
185,642
91,329
168,124
183,439
4.Others
136,060
136,060
91,060
463
(20)
257,073
328,487
404,352
515,237
478,083
0
0
0
0
0
179,948
244,865
333,689
453,659
415,047
77,125
83,622
70,663
61,578
63,036
812,950
952,689
1,039,241
1,136,324
1,464,002
53,813
70,764
116,140
243,196
316,248
0
0
0
0
0
3.Investments in securities & properties
228,173
233,607
317,284
312,437
498,372
4.Other/misc. assets
254,502
331,686
355,541
481,409
568,193
5.Fixed assets
276,462
316,632
250,276
99,282
81,189
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
D.Profit & loss account
33,354
12,926
51,676
(30,084)
10,778
2.Gross premium
304,784
450,174
540,234
659,319
521,370
3.Net premium
190,975
347,054
420,122
527,728
480,215
4.Gross claims
48,919
87,142
124,004
188,544
194,584
5.Net claims
41,954
64,193
95,338
179,238
136,965
6.Underwriting profit
60,260
125,980
15,393
(17,495)
(19,528)
7.Profit/(loss) before taxation
59,581
93,086
73,955
84,669
15,457
8.Profit/(loss) after taxation
47,513
68,325
71,098
76,795
20,315
1.No. of ordinary shares (000)
30,000
30,000
45,000
45,000
80,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
207
(97,978)
1.Investment income
E.Other items
3.Stock dividend/bonus shares
0.00%
20.00%
25.00%
4.Cash generated from operating activities
15,914
115,450
(17,826)
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
11.32%
14.00%
13.07%
12.37%
2.06%
2.Return on assets (ROA) (D8/C)
5.84%
7.17%
6.84%
6.76%
1.39%
1.58
2.28
1.58
1.71
0.25
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
21.97%
18.50%
22.69%
126.83%
184.38%
21.65%
-22.78%
33.96%
-96.13%
28.52%
17.47%
3.72%
12.30%
-5.70%
2.24%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
6.62%
7.43%
11.18%
21.40%
21.60%
28.07%
24.52%
30.53%
27.50%
34.04%
51.64%
51.24%
52.33%
54.62%
67.35%
13.99
16.27
12.09
13.79
12.32
33.49%
168.97%
0.27%
-482.29%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-25.07%
189
Financial Statement Analysis of Financial Sector
Askari General Insurance Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
779,535
975,777
1,404,244
1,484,286
1,686,721
388,344
388,344
543,681
625,234
625,234
74,658
74,658
210,233
165,157
173,699
316,533
512,775
650,330
693,895
887,788
0
-
0
0
0
1,718,415
1,865,924
2,341,406
3,026,843
3,167,844
0
-
0
0
0
1,417,276
1,502,297
1,942,797
2,555,292
2,642,691
301,139
363,627
398,609
471,551
525,153
2,497,950
2,841,701
3,745,650
4,511,129
4,854,565
133,969
115,264
151,902
191,755
147,175
1,586
1,488
1,344
801
13,095
3.Investments in securities & properties
1,061,355
1,203,669
1,524,532
1,606,820
1,831,910
4.Other/misc. assets
1,251,719
1,343,705
1,934,140
2,591,353
2,633,479
49,321
177,575
133,732
120,400
228,906
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
125,959
104,032
122,238
87,829
70,701
1,719,458
2,005,056
2,249,946
2,583,234
2,885,080
3.Net premium
971,450
1,091,884
1,255,230
1,356,189
1,811,751
4.Gross claims
931,063
1,017,248
1,045,253
1,005,118
1,407,006
5.Net claims
561,424
537,792
644,502
622,365
1,069,485
6.Underwriting profit
209,802
337,909
369,211
252,431
272,577
7.Profit/(loss) before taxation
202,217
274,916
320,516
364,497
420,847
8.Profit/(loss) after taxation
163,415
198,508
236,805
253,690
295,767
1.Investment income
2.Gross premium
E.Other items
1.No. of ordinary shares (000)
38,834
38,834
54,368
62,523
62,523
2.Cash dividend
0.00%
15.00%
10.00%
25.00%
15.00%
3.Stock dividend/bonus shares
0.00%
10.00%
15.00%
0.00%
15.00%
4.Cash generated from operating activities
28,955
120,099
123,594
257,472
364,137
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
20.96%
20.34%
16.86%
17.09%
17.54%
2.Return on assets (ROA) (D8/C)
6.54%
6.99%
6.32%
5.62%
6.09%
4.21
5.11
4.36
4.06
4.73
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
57.79%
49.25%
51.35%
45.89%
59.03%
128.39%
170.22%
155.91%
99.50%
92.16%
12.97%
9.53%
9.74%
6.48%
3.90%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
5.36%
4.06%
4.06%
4.25%
3.03%
42.49%
42.36%
40.70%
35.62%
37.74%
31.21%
34.34%
37.49%
32.90%
34.75%
20.07
25.13
25.83
23.74
26.98
17.72%
60.50%
52.19%
101.49%
123.12%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
190
Financial Statement Analysis of Financial Sector
Atlas Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,667,502
1,845,899
4,727,324
1.Share capital
701,614
701,614
701,614
701,614
701,614
2.Reserves
421,064
545,064
3,406,850
2,685,644
2,104,563
3.Un appropriated profit
544,824
599,221
618,860
659,785
654,699
Items
A.Total equity (A1 to A3)
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
4,047,043
3,460,876
0
0
0
0
0
1,676,517
1,951,115
3,347,497
2,715,078
3,204,851
0
0
0
0
0
1,310,866
1,533,346
1,710,330
1,521,055
2,297,663
365,651
417,769
1,637,167
1,194,023
907,188
3,344,019
3,797,014
8,074,821
6,762,121
6,665,727
433,170
428,284
250,436
702,252
1,327,987
194
150
97
37
16
1,868,597
2,124,477
6,437,759
4,933,697
3,726,699
990,206
1,187,872
1,327,319
1,037,057
1,528,945
51,852
56,231
59,210
89,078
82,080
D.Profit & loss account
294,682
357,016
458,140
321,547
230,857
1,651,321
1,964,485
2,333,644
2,379,272
2,849,455
3.Net premium
878,381
959,230
1,044,230
1,274,543
1,473,915
4.Gross claims
301,752
493,839
684,382
689,134
893,127
5.Net claims
210,525
203,946
268,889
432,519
488,305
6.Underwriting profit
406,713
462,708
484,203
578,495
684,323
7.Profit/(loss) before taxation
690,815
797,819
916,846
988,847
989,029
8.Profit/(loss) after taxation
544,968
601,157
618,174
663,987
665,568
1.Investment income
2.Gross premium
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
70,161
70,161
70,161
70,161
70,161
60.00%
60.00%
65.00%
65.00%
70.00%
0.00%
0.00%
0.00%
0.00%
10.00%
592,054
299,951
300,395
363,836
725,505
1.Return on equity (ROE) (D8/A)
32.68%
32.57%
13.08%
16.41%
19.23%
2.Return on assets (ROA) (D8/C)
16.30%
15.83%
7.66%
9.82%
9.98%
7.77
8.57
8.81
9.46
9.49
4.Net Claims Incurred Ratio (D5/D3)
23.97%
21.26%
25.75%
33.94%
33.13%
5.Underwriting profit to profit after tax. (D6/D8)
74.63%
76.97%
78.33%
87.12%
102.82%
6.Investment income to net premium (D1/D3)
33.55%
37.22%
43.87%
25.23%
15.66%
1.Cash & bank balances to total assets (C1/C)
12.95%
11.28%
3.10%
10.39%
19.92%
2. Investment to total assets (C3/C)
55.88%
55.95%
79.73%
72.96%
55.91%
49.87%
48.61%
58.54%
59.85%
51.92%
23.77
26.31
67.38
57.68
49.33
108.64%
49.90%
48.59%
54.80%
109.01%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
191
Financial Statement Analysis of Financial Sector
Century Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,185,311
1,753,891
1,857,271
1,730,534
1,720,404
1.Share capital
457,244
457,244
457,244
502,968
502,968
2.Reserves
373,024
373,024
520,979
335,843
343,543
3.Un appropriated profit
355,043
923,623
879,048
891,723
873,893
Items
A.Total equity (A1 to A3)
0
0
0
0
0
691,412
906,468
1,015,912
1,005,098
1,109,340
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
561,805
746,687
762,767
774,531
864,768
3.Other/misc. liabilities
129,607
159,781
253,145
230,567
244,572
1,876,723
2,660,359
2,873,183
2,735,632
2,829,744
245,205
173,451
108,621
116,781
440,366
0
0
0
2,671
3,200
1,095,864
1,732,984
2,010,462
1,519,135
1,404,190
487,275
697,726
682,045
1,030,903
909,663
48,379
56,198
72,055
66,142
72,325
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1.Investment income
135,888
634,704
223,483
147,056
(54,366)
2.Gross premium
755,311
1,034,842
1,008,602
1,049,724
1,185,648
3.Net premium
388,502
515,005
659,251
593,051
690,290
4.Gross claims
291,784
448,805
97,395
386,530
446,221
5.Net claims
201,946
299,836
390,450
246,956
288,199
6.Underwriting profit
107,828
128,261
148,596
85,533
129,725
7.Profit/(loss) before taxation
158,454
649,260
264,663
233,593
105,020
8.Profit/(loss) after taxation
142,372
638,313
185,867
140,006
71,327
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
45,724
45,724
45,724
50,297
50,297
15.00%
50.00%
17.50%
17.50%
12.50%
3.Stock dividend/bonus shares
0.00%
0.00%
10.00%
0.00%
0.00%
4.Cash generated from operating activities
46,432
10,147
19,641
(69,264)
108,884
1.Return on equity (ROE) (D8/A)
12.01%
36.39%
10.01%
8.09%
4.15%
2.Return on assets (ROA) (D8/C)
7.59%
23.99%
6.47%
5.12%
2.52%
3.11
13.96
4.06
2.78
1.42
4.Net Claims Incurred Ratio (D5/D3)
51.98%
58.22%
59.23%
41.64%
41.75%
5.Underwriting profit to profit after tax. (D6/D8)
75.74%
20.09%
79.95%
61.09%
181.87%
6.Investment income to net premium (D1/D3)
34.98%
123.24%
33.90%
24.80%
-7.88%
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
13.07%
6.52%
3.78%
4.27%
15.56%
2. Investment to total assets (C3/C)
58.39%
65.14%
69.97%
55.53%
49.62%
63.16%
65.93%
64.64%
63.26%
60.80%
25.92
38.36
40.62
34.41
34.21
32.61%
1.59%
10.57%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-49.47%
152.65%
192
Financial Statement Analysis of Financial Sector
Chubb Insurance Pakistan Ltd
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
513,976
398,102
469,198
565,891
610,009
1.Share capital
300,000
300,000
400,000
500,000
500,000
2.Reserves
213,976
98,102
69,198
5,272
8,742
0
0
0
60,619
101,267
Items
A.Total equity (A1 to A3)
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
0
0
0
0
0
848,289
1,499,353
813,613
602,697
405,391
0
0
0
0
0
762,683
1,452,013
755,819
421,769
362,273
85,606
47,340
57,794
180,928
43,118
1,362,265
1,897,455
1,282,811
1,168,588
1,015,400
38,220
626,000
641,381
437,543
38,199
2.Advances to policy holders & employees
0
0
0
0
0
3.Investments in securities & properties
0
0
53,945
642,810
516,599
717,438
1,236,316
775,486
473,071
442,638
18,827
19,758
15,837
14,508
17,943
1.Cash and balances with banks
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
0
0
25,582
26,630
33,970
2.Gross premium
777,874
544,729
392,561
528,230
437,342
3.Net premium
244,938
66,479
121,362
108,066
125,783
4.Gross claims
103,839
357,789
705,585
232,467
158,119
10,215
39,060
21,468
11,040
26,887
6.Underwriting profit
123,799
(70,067)
6,048
32,737
24,819
7.Profit/(loss) before taxation
277,500
(31,968)
27,932
56,789
59,987
8.Profit/(loss) after taxation
182,576
(31,943)
16,815
42,425
41,472
1.No. of ordinary shares (000)
30,000
30,000
40,000
50,000
50,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
1.Investment income
5.Net claims
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
(83,730)
65,890
(197,192)
117,353
(154,220)
1.Return on equity (ROE) (D8/A)
35.52%
-8.02%
3.58%
7.50%
6.80%
2.Return on assets (ROA) (D8/C)
13.40%
-1.68%
1.31%
3.63%
4.08%
6.09
-1.06
0.42
0.85
0.83
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
4.17%
58.76%
17.69%
10.22%
21.38%
67.81%
219.35%
35.97%
77.16%
59.85%
0.00%
0.00%
21.08%
24.64%
27.01%
45.95%
33.80%
34.11%
3.27%
3.76%
0.00%
0.00%
4.21%
55.01%
50.88%
37.73%
20.98%
36.58%
48.43%
60.08%
17.13
13.27
11.73
11.32
12.20
-206.27%
-1,172.71%
276.61%
-371.87%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-45.86%
193
Financial Statement Analysis of Financial Sector
Crescent Star Insurance Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
552,043
633,726
942,828
939,265
1,126,807
620,125
620,125
826,833
826,833
1,076,950
26,265
26,265
105,103
28,372
28,895
(94,347)
(12,664)
10,892
84,060
20,962
(199,650)
(123,650)
(199,650)
50,363
(199,650)
222,449
328,145
366,658
253,385
252,436
0
0
0
0
0
175,241
215,569
167,726
166,833
110,801
47,208
112,576
198,932
86,552
141,635
574,842
838,221
1,109,836
1,243,013
1,179,593
4,140
11,753
58,368
57,571
73,139
0
0
23
215
0
3.Investments in securities & properties
269,997
78,061
188,474
241,152
165,578
4.Other/misc. assets
283,427
727,359
841,159
919,620
919,523
17,278
21,048
21,812
24,455
21,353
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
6,644
9,056
6,906
103,712
307
2.Gross premium
237,051
265,768
190,288
113,280
114,614
3.Net premium
136,248
236,907
206,346
109,614
111,270
4.Gross claims
39,590
73,939
57,072
35,915
23,194
5.Net claims
25,172
92,333
55,418
37,283
17,453
1.Investment income
19,069
30,292
52,364
(95,046)
(89,181)
7.Profit/(loss) before taxation
(34,467)
89,855
25,622
40,021
(49,237)
8.Profit/(loss) after taxation
(35,830)
81,682
23,557
73,167
(63,097)
1.No. of ordinary shares (000)
62,013
62,013
82,683
82,683
107,695
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
6.Underwriting profit
E.Other items
0.00%
0.00%
0.00%
0.00%
(62,734)
(378,694)
20,644
(330,573)
(6,829)
1.Return on equity (ROE) (D8/A)
-6.49%
12.89%
2.50%
7.79%
-5.60%
2.Return on assets (ROA) (D8/C)
-6.23%
9.74%
2.12%
5.89%
-5.35%
-0.58
1.32
0.28
0.88
-0.59
18.48%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
0.00%
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
38.97%
26.86%
34.01%
15.69%
-53.22%
37.09%
222.29%
-129.90%
141.34%
4.88%
3.82%
3.35%
94.62%
0.28%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
0.72%
1.40%
5.26%
4.63%
6.20%
46.97%
9.31%
16.98%
19.40%
14.04%
96.03%
75.60%
84.95%
75.56%
95.53%
8.90
10.22
11.40
11.36
10.46
175.09%
-463.62%
87.63%
-451.81%
10.82%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
194
Financial Statement Analysis of Financial Sector
E.F.U.General Insurance Co. Ltd.
Items
A.Total equity (A1 to A3)
2014
2015
2016
13,111,099
15,847,012
21,083,909
2018
(Thousand Rupees)
2017
2018
20,841,285
19,298,455
1.Share capital
1,600,000
1,600,000
2,000,000
2,000,000
2,000,000
2.Reserves
9,512,902
10,512,902
15,443,591
15,638,968
14,522,985
3.Un appropriated profit
1,998,197
3,734,110
3,640,318
3,202,317
2,775,470
0
0
0
0
859,097
16,116,146
16,417,023
20,259,141
22,812,819
22,711,571
0
0
0
0
0
14,086,041
14,139,638
16,392,852
19,092,528
18,920,486
2,030,105
2,277,385
3,866,289
3,720,291
3,791,085
29,227,245
32,264,035
41,343,050
43,654,104
42,869,123
1,520,795
1,748,996
1,867,466
1,594,759
1,266,562
2,578
2,114
2,258
9,058
10,028
3.Investments in securities & properties
15,860,356
19,356,874
26,260,086
28,223,784
25,482,899
4.Other/misc. assets
10,923,950
10,054,733
12,065,821
12,537,480
13,493,986
919,566
1,101,318
1,147,419
1,289,023
2,615,648
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
914,981
1,202,481
1,009,428
1,512,280
1,612,336
14,514,105
15,008,465
16,099,993
18,837,706
18,780,177
3.Net premium
6,532,352
6,676,862
7,242,821
7,614,588
7,562,349
4.Gross claims
5,834,749
5,327,662
4,347,275
5,067,420
4,956,502
5.Net claims
2,973,025
2,998,060
2,694,098
2,975,071
3,088,870
6.Underwriting profit
1,316,402
1,052,562
1,789,019
1,632,428
1,306,804
7.Profit/(loss) before taxation
2,262,240
4,809,131
3,781,284
3,661,586
3,262,364
8.Profit/(loss) after taxation
1,829,051
4,033,902
2,392,442
2,500,330
2,171,273
1.No. of ordinary shares (000)
160,000
160,000
200,000
200,000
200,000
2.Cash dividend
60.00%
75.00%
100.00%
100.00%
100.00%
1.Investment income
2.Gross premium
E.Other items
3.Stock dividend/bonus shares
4.Cash generated from operating activities
0.00%
25.00%
0.00%
0.00%
0.00%
(214,213)
1,342,009
826,235
3,096,396
20,052
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
13.95%
25.46%
11.35%
12.00%
11.25%
2.Return on assets (ROA) (D8/C)
6.26%
12.50%
5.79%
5.73%
5.06%
11.43
25.21
11.96
12.50
10.86
4.Net Claims Incurred Ratio (D5/D3)
45.51%
44.90%
37.20%
39.07%
40.85%
5.Underwriting profit to profit after tax. (D6/D8)
71.97%
26.09%
74.78%
65.29%
60.19%
6.Investment income to net premium (D1/D3)
14.01%
18.01%
13.94%
19.86%
21.32%
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
5.20%
5.42%
4.52%
3.65%
2.95%
54.27%
60.00%
63.52%
64.65%
59.44%
44.86%
49.12%
51.00%
47.74%
45.02%
81.94
99.04
105.42
104.21
96.49
33.27%
34.54%
123.84%
0.92%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-11.71%
195
Financial Statement Analysis of Financial Sector
East West Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
664,912
756,014
990,000
1,049,518
1,123,839
1.Share capital
401,502
451,690
508,151
609,782
762,227
2.Reserves
100,000
100,000
197,788
191,119
133,048
3.Un appropriated profit
163,410
204,324
284,061
248,617
228,564
Items
A.Total equity (A1 to A3)
0
0
0
0
0
734,041
819,256
1,349,337
1,639,854
1,834,242
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
564,329
642,460
1,123,822
1,434,054
1,603,088
3.Other/misc. liabilities
169,712
176,796
225,515
205,800
231,154
1,398,953
1,575,270
2,339,337
2,689,372
2,958,081
82,481
66,944
11,663
14,892
35,777
0
0
0
0
0
3.Investments in securities & properties
729,551
896,385
1,123,383
1,236,661
1,123,750
4.Other/misc. assets
533,721
490,356
1,078,214
1,320,336
1,641,834
53,200
121,585
126,077
117,483
156,720
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
97,173
33,141
187,510
(47,436)
1,419,871
1,767,738
2,066,836
2,531,428
3,107,161
3.Net premium
760,242
870,242
981,285
1,054,707
1,459,230
4.Gross claims
504,241
502,857
603,924
850,977
912,411
5.Net claims
305,386
378,315
469,034
469,917
633,992
6.Underwriting profit
139,472
147,114
181,258
228,395
270,799
7.Profit/(loss) before taxation
171,768
183,894
297,013
88,795
146,116
8.Profit/(loss) after taxation
142,127
131,252
282,147
66,187
132,392
1.Investment income
2.Gross premium
(9,220)
E.Other items
1.No. of ordinary shares (000)
40,150
45,169
50,815
60,978
76,223
2.Cash dividend
0.00%
10.00%
12.50%
0.00%
0.00%
0.00%
12.50%
12.50%
20.00%
25.00%
157,743
161,780
49,250
166,099
33,558
1.Return on equity (ROE) (D8/A)
21.38%
17.36%
28.50%
6.31%
11.78%
2.Return on assets (ROA) (D8/C)
10.16%
8.33%
12.06%
2.46%
4.48%
3.54
2.91
5.55
1.09
1.74
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
40.17%
43.47%
47.80%
44.55%
43.45%
5.Underwriting profit to profit after tax. (D6/D8)
98.13%
112.09%
64.24%
345.08%
204.54%
6.Investment income to net premium (D1/D3)
12.78%
3.81%
19.11%
-4.50%
-0.63%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
5.90%
4.25%
0.50%
0.55%
1.21%
52.15%
56.90%
48.02%
45.98%
37.99%
47.53%
47.99%
42.32%
39.02%
37.99%
16.56
16.74
19.48
17.21
14.74
110.99%
123.26%
17.46%
250.95%
25.35%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
196
Financial Statement Analysis of Financial Sector
Excel Insurance Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
315,624
322,700
519,310
556,139
544,226
300,000
300,000
400,000
500,000
500,000
-
-
97,483
81,522
81,547
15,624
22,700
21,827
(25,383)
(37,321)
0
-
0
0
0
15,694
10,389
87,731
77,879
72,490
0
-
0
0
0
12,084
8,628
13,047
34,660
12,615
3,610
1,761
74,684
43,219
59,875
331,318
333,089
607,041
634,018
616,716
5,030
34,872
64,603
5,307
15,729
0
472
451
541
536
312,253
284,854
531,429
602,499
577,286
11,773
8,750
6,664
22,449
20,600
2,262
4,141
3,894
3,222
2,565
D.Profit & loss account
38,573
20,537
105,549
(22,703)
13,976
2.Gross premium
4,145
3,802
4,561
3,980
2,231
3.Net premium
2,391
359
673
1,874
502
4.Gross claims
830
1,744
322
13,861
8,825
5.Net claims
430
(3,907)
1,407
1,814
(3,424)
1.Investment income
(4,364)
927
(10,652)
(21,283)
(24,037)
7.Profit/(loss) before taxation
8,384
10,718
113,344
(46,722)
(11,381)
8.Profit/(loss) after taxation
4,842
7,076
100,490
(47,210)
(11,938)
1.No. of ordinary shares (000)
30,000
30,000
40,000
50,000
50,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
6.Underwriting profit
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
(10,049)
(12,799)
(11,159)
(53,802)
(39,165)
1.Return on equity (ROE) (D8/A)
1.53%
2.19%
19.35%
-8.49%
-2.19%
2.Return on assets (ROA) (D8/C)
1.46%
2.12%
16.55%
-7.45%
-1.94%
0.16
0.24
2.51
-0.94
-0.24
17.98%
-1,088.30%
-682.07%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
209.06%
96.80%
13.10%
-10.60%
45.08%
1,613.26%
5,720.61%
15,683.36%
-90.13%
-1,211.47%
201.35%
2,784.06%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
1.52%
10.47%
10.64%
0.84%
2.55%
94.25%
85.52%
87.54%
95.03%
93.61%
95.26%
96.88%
85.55%
87.72%
88.25%
10.52
10.76
12.98
11.12
10.88
-207.54%
-180.88%
113.96%
328.07%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-11.10%
197
Financial Statement Analysis of Financial Sector
Habib Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,160,047
1,134,208
1,099,648
985,080
994,172
1.Share capital
619,374
619,374
619,374
619,374
619,374
2.Reserves
254,122
264,122
264,122
264,122
264,122
3.Un appropriated profit
286,551
250,712
216,152
101,584
110,676
Items
A.Total equity (A1 to A3)
0
384,738
636,930
450,547
344,387
1,690,952
1,779,635
1,928,914
1,840,432
1,943,844
0
0
0
0
0
1,356,719
1,269,519
1,289,917
1,384,577
1,475,688
334,233
510,116
638,997
455,855
468,156
2,850,999
3,298,581
3,665,492
3,276,059
3,282,403
1.Cash and balances with banks
74,558
136,364
148,016
166,460
102,396
2.Advances to policy holders & employees
27,453
38,439
62,084
64,831
59,466
3.Investments in securities & properties
1,043,878
1,460,855
1,724,594
1,277,273
1,200,619
4.Other/misc. assets
1,691,417
1,638,494
1,705,163
1,742,210
1,806,403
13,693
24,429
25,635
25,285
113,519
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
5.Fixed assets
D.Profit & loss account
256,869
199,615
238,626
215,224
196,665
1,009,255
1,123,213
1,400,881
1,163,365
1,327,024
3.Net premium
458,726
500,364
544,701
555,977
532,062
4.Gross claims
1,272,548
816,777
757,385
810,710
722,774
221,537
221,739
281,560
373,716
312,495
1.Investment income
2.Gross premium
5.Net claims
86,838
117,940
71,014
16,196
46,611
7.Profit/(loss) before taxation
292,809
258,549
285,110
162,735
157,916
8.Profit/(loss) after taxation
260,008
226,867
191,708
109,956
105,310
6.Underwriting profit
E.Other items
1.No. of ordinary shares (000)
123,875
61,937
61,937
61,937
61,937
2.Cash dividend
40.00%
35.00%
35.00%
15.00%
15.00%
0.00%
0.00%
0.00%
0.00%
0.00%
(196,907)
(35,539)
(111,458)
(157,547)
(61,996)
1.Return on equity (ROE) (D8/A)
22.41%
20.00%
17.43%
11.16%
10.59%
2.Return on assets (ROA) (D8/C)
9.12%
6.88%
5.23%
3.36%
3.21%
2.10
3.66
3.10
1.78
1.70
4.Net Claims Incurred Ratio (D5/D3)
48.29%
44.32%
51.69%
67.22%
58.73%
5.Underwriting profit to profit after tax. (D6/D8)
33.40%
51.99%
37.04%
14.73%
44.26%
6.Investment income to net premium (D1/D3)
56.00%
39.89%
43.81%
38.71%
36.96%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
2.62%
4.13%
4.04%
5.08%
3.12%
36.61%
44.29%
47.05%
38.99%
36.58%
40.69%
34.38%
30.00%
30.07%
30.29%
9.36
18.31
17.75
15.90
16.05
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-75.73%
-15.67%
-58.14%
-143.28%
-58.87%
198
Financial Statement Analysis of Financial Sector
IGI General Insurance Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
11,579,146
12,260,735
12,260,735
1,673,622
2,250,039
1.Share capital
1,226,895
1,226,895
1,226,895
1,501,000
1,918,384
2.Reserves
8,470,780
8,102,711
8,102,711
0
0
3.Un appropriated profit
1,881,471
2,931,129
2,931,129
172,622
331,655
Items
A.Total equity (A1 to A3)
0
0
0
417,384
0
2,910,944
2,389,891
2,389,891
3,653,532
4,608,356
-
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
1,638,710
1,698,799
1,698,799
2,760,150
3,521,672
3.Other/misc. liabilities
1,272,234
691,092
691,092
893,382
1,086,684
14,490,090
14,650,626
14,650,626
5,744,538
6,858,395
315,199
367,174
367,174
2,467,742
477,161
0
0
0
0
0
12,323,907
12,515,647
12,515,647
1,460,557
2,734,687
1,615,128
1,547,062
1,547,062
1,536,911
3,327,234
235,856
220,743
220,743
279,328
319,313
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
940,878
1,445,480
1,445,480
63,685
134,816
2.Gross premium
2,139,673
2,343,705
2,343,705
2,901,560
4,417,930
3.Net premium
1,044,933
1,121,949
1,121,949
1,645,140
2,236,396
4.Gross claims
1.Investment income
1,051,471
1,074,221
1,074,221
1,195,945
1,620,722
5.Net claims
594,539
586,425
586,425
933,244
1,142,715
6.Underwriting profit
208,195
256,411
256,411
208,758
242,000
7.Profit/(loss) before taxation
942,101
1,531,753
1,531,753
248,798
467,599
8.Profit/(loss) after taxation
822,801
1,293,046
1,293,046
173,879
327,386
1.No. of ordinary shares (000)
122,690
122,690
122,690
150,100
191,838
2.Cash dividend
30.00%
60.00%
60.00%
40.00%
60.00%
E.Other items
0.00%
0.00%
0.00%
0.00%
15.00%
232
34,479
24,479
473,635
263,180
1.Return on equity (ROE) (D8/A)
7.11%
10.55%
10.55%
10.39%
14.55%
2.Return on assets (ROA) (D8/C)
5.68%
8.83%
8.83%
3.03%
4.77%
6.71
10.54
10.54
1.16
1.71
4.Net Claims Incurred Ratio (D5/D3)
56.90%
52.27%
52.27%
56.73%
51.10%
5.Underwriting profit to profit after tax. (D6/D8)
25.30%
19.83%
19.83%
120.06%
73.92%
6.Investment income to net premium (D1/D3)
90.04%
128.84%
128.84%
3.87%
6.03%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
2.18%
2.51%
2.51%
42.96%
6.96%
85.05%
85.43%
85.43%
25.43%
39.87%
79.91%
83.69%
83.69%
29.13%
32.81%
94.38
99.93
99.93
11.15
11.73
0.03%
2.67%
1.89%
272.39%
80.39%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
199
Financial Statement Analysis of Financial Sector
Jubilee General Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
5,422,877
5,906,404
8,773,381
8,312,970
7,908,056
1.Share capital
1,569,100
1,569,100
1,569,100
1,804,465
1,804,466
2.Reserves
2,749,723
3,188,811
6,015,807
5,443,506
5,038,172
3.Un appropriated profit
1,104,054
1,148,493
1,188,474
1,064,999
1,065,418
Items
A.Total equity (A1 to A3)
0
0
0
0
0
8,115,904
9,281,465
11,742,817
11,384,594
13,405,096
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
5,948,613
6,598,427
7,612,863
7,652,698
8,193,907
3.Other/misc. liabilities
2,167,291
2,683,038
4,129,954
3,731,896
5,211,189
13,538,781
15,187,869
20,516,198
19,697,564
21,313,152
1,021,045
1,716,842
1,504,687
1,893,276
1,669,039
577
401
203
775
809
3.Investments in securities & properties
8,455,634
9,103,388
13,492,673
11,998,979
12,184,797
4.Other/misc. assets
3,923,244
4,202,611
5,331,625
5,605,938
7,216,515
138,281
164,627
187,010
198,596
241,992
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
803,088
1,052,195
1,111,438
879,213
1,019,544
2.Gross premium
6,961,247
7,978,750
7,850,500
7,694,212
9,161,366
3.Net premium
3,644,630
4,150,808
4,170,928
4,610,717
4,922,929
4.Gross claims
3,750,451
2,548,640
3,846,186
3,273,427
3,996,825
5.Net claims
2,082,704
2,174,381
2,030,292
2,450,107
2,691,068
1.Investment income
275,147
467,724
472,979
408,689
211,727
7.Profit/(loss) before taxation
1,269,822
1,711,292
1,854,125
1,664,304
1,631,278
8.Profit/(loss) after taxation
1,079,119
1,352,650
1,179,431
1,116,985
1,066,305
1.No. of ordinary shares (000)
156,910
156,910
156,910
180,447
180,447
2.Cash dividend
40.00%
45.00%
35.00%
40.00%
40.00%
6.Underwriting profit
E.Other items
0.00%
0.00%
15.00%
0.00%
0.00%
405,313
926,444
228,511
(373,650)
422,174
1.Return on equity (ROE) (D8/A)
19.90%
22.90%
13.44%
13.44%
13.48%
2.Return on assets (ROA) (D8/C)
7.97%
8.91%
5.75%
5.67%
5.00%
6.88
8.62
7.52
6.19
5.91
4.Net Claims Incurred Ratio (D5/D3)
57.14%
52.38%
48.68%
53.14%
54.66%
5.Underwriting profit to profit after tax. (D6/D8)
25.50%
34.58%
40.10%
36.59%
19.86%
6.Investment income to net premium (D1/D3)
22.03%
25.35%
26.65%
19.07%
20.71%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
7.54%
11.30%
7.33%
9.61%
7.83%
62.45%
59.94%
65.77%
60.92%
57.17%
40.05%
38.89%
42.76%
42.20%
37.10%
34.56
37.64
55.91
46.07
43.82
37.56%
68.49%
19.37%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-33.45%
39.59%
200
Financial Statement Analysis of Financial Sector
New Hampshire Insurance Co. Ltd.
Items
A.Total equity (A1 to A3)
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,245,836
985,638
769,882
708,318
509,400
1,245,836
985,638
769,882
708,318
509,400
2.Reserves
0
0
0
0
0
3.Un appropriated profit
0
0
0
0
0
1.Share capital
0
0
0
0
0
2,358,949
2,234,055
1,531,601
407,867
26,345
0
-
0
0
0
2,041,148
1,882,328
1,281,278
261,712
13,693
317,801
351,727
250,323
146,155
12,652
3,604,785
3,219,693
2,301,483
1,116,185
535,745
943,749
194,478
92,091
19,311
4,465
0
0
0
0
0
3.Investments in securities & properties
1,085,121
1,388,050
1,237,871
764,923
332,765
4.Other/misc. assets
1,542,250
1,604,707
949,070
321,950
198,515
33,665
32,458
22,451
10,001
0
34,113
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
262,150
158,131
182,260
67,610
1,796,561
1,467,479
643,954
(31,173)
3.Net premium
606,613
396,778
102,477
1,236
1
4.Gross claims
32,655
1.Investment income
2.Gross premium
(74)
1,006,271
699,407
879,744
579,798
5.Net claims
418,815
265,045
39,885
7,908
6.Underwriting profit
185,248
132,960
205,124
53,776
5,777
7.Profit/(loss) before taxation
301,694
178,290
289,834
(19,823)
(48,493)
8.Profit/(loss) after taxation
212,022
117,945
222,699
(63,157)
(198,918)
124,584
98,564
76,988
70,832
50,940
0.00%
0.00%
0.00%
0.00%
0.00%
(6,036)
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
(82,078)
(240,314)
(17,008)
(619,283)
(493,730)
1.Return on equity (ROE) (D8/A)
17.02%
11.97%
28.93%
-8.92%
-39.05%
2.Return on assets (ROA) (D8/C)
5.88%
3.66%
9.68%
-5.66%
-37.13%
1.70
1.20
2.89
-0.89
-3.90
-603,600.00%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
69.04%
66.80%
38.92%
639.81%
5.Underwriting profit to profit after tax. (D6/D8)
87.37%
112.73%
92.11%
-85.15%
6.Investment income to net premium (D1/D3)
43.22%
39.85%
177.85%
5,470.06%
-2.90%
3,411,300.00%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
26.18%
6.04%
4.00%
1.73%
0.83%
2. Investment to total assets (C3/C)
30.10%
43.11%
53.79%
68.53%
62.11%
34.56%
30.61%
33.45%
63.46%
95.08%
10.00
10.00
10.00
10.00
10.00
-203.75%
-7.64%
980.55%
248.21%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-38.71%
201
Financial Statement Analysis of Financial Sector
Pakistan Reinsurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
6,987,412
6,938,525
12,316,190
10,506,035
9,871,489
1.Share capital
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
2.Reserves
2,058,419
2,058,419
6,475,923
4,258,833
3,763,562
3.Un appropriated profit
1,928,993
1,880,106
2,840,267
3,247,202
3,107,927
Items
A.Total equity (A1 to A3)
0
0
0
0
0
10,633,930
10,450,025
13,667,382
13,835,574
14,959,381
0
-
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
9,384,677
7,204,328
10,473,160
10,831,094
11,774,422
3.Other/misc. liabilities
1,249,253
3,245,697
3,194,222
3,004,480
3,184,959
17,621,342
17,388,550
25,983,572
24,341,609
24,830,870
3,081,370
3,284,965
2,240,002
2,547,094
2,602,484
80,688
71,080
72,950
181,768
165,125
3.Investments in securities & properties
6,683,902
6,349,826
13,406,985
9,252,478
8,661,980
4.Other/misc. assets
7,726,190
7,639,105
10,224,709
12,323,698
13,358,524
49,192
43,574
38,926
36,571
42,757
690,970
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
1.Investment income
1,078,904
934,710
961,157
3,325,868
2.Gross premium
8,661,334
8,134,762
8,806,654
8,035,591
0
3.Net premium
4,783,923
5,218,942
5,801,848
5,006,374
5,463,586
4.Gross claims
3,648,047
4,324,539
3,417,460
4,919,822
0
5.Net claims
2,793,167
2,774,829
3,335,560
3,937,974
2,991,795
515,325
721,858
544,733
7.Profit/(loss) before taxation
1,564,705
1,772,274
1,426,948
2,875,829
1,739,944
8.Profit/(loss) after taxation
1,244,016
1,376,697
974,263
2,226,336
1,235,287
1.No. of ordinary shares (000)
300,000
300,000
300,000
300,000
300,000
2.Cash dividend
25.00%
25.00%
30.00%
35.00%
20.00%
6.Underwriting profit
(676,897)
580,606
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
290,875
(369,421)
(445,414)
(3,318,402)
544,623
1.Return on equity (ROE) (D8/A)
17.80%
19.84%
7.91%
21.19%
12.51%
2.Return on assets (ROA) (D8/C)
7.06%
7.92%
3.75%
9.15%
4.97%
4.15
4.59
3.25
7.42
4.12
4.Net Claims Incurred Ratio (D5/D3)
58.39%
53.17%
57.49%
78.66%
54.76%
5.Underwriting profit to profit after tax. (D6/D8)
41.42%
52.43%
55.91%
6.Investment income to net premium (D1/D3)
22.55%
17.91%
16.57%
66.43%
12.65%
1.Cash & bank balances to total assets (C1/C)
17.49%
18.89%
8.62%
10.46%
10.48%
2. Investment to total assets (C3/C)
37.93%
36.52%
51.60%
38.01%
34.88%
39.65%
39.90%
47.40%
43.16%
39.75%
23.29
23.13
41.05
35.02
32.90
-149.05%
44.09%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
-30.40%
47.00%
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
23.38%
-26.83%
-45.72%
202
Financial Statement Analysis of Financial Sector
PICIC Insurance Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
64,038
59,144
38,211
(4,020)
(15,819)
350,000
350,000
350,000
350,000
350,000
0
0
0
0
(285,962)
(290,856)
(311,789)
(354,020)
0
(365,819)
0
0
0
0
0
853,146
548,040
297,691
72,624
82,830
0
0
0
0
0
756,079
505,824
248,404
0
0
97,067
42,216
49,287
72,624
82,830
917,184
607,184
335,902
68,604
67,011
41,433
30,412
496
780
335
0
0
0
0
0
75,572
53,701
36,387
38,208
40,339
787,325
504,117
285,631
28,919
26,305
12,854
18,954
13,388
697
32
D.Profit & loss account
7,423
614
848
2,353
2,347
2.Gross premium
508,247
402,532
(15,375)
(511)
0
3.Net premium
292,698
220,426
76,310
44,643
0
4.Gross claims
266,073
228,179
80,887
104,157
0
5.Net claims
213,119
91,135
225
48,447
0
(10,929)
1.Investment income
(52,580)
71,445
24,998
(10,795)
7.Profit/(loss) before taxation
(130,803)
(9,476)
(24,367)
(41,647)
(8,914)
8.Profit/(loss) after taxation
(130,962)
(9,833)
(24,881)
(42,231)
(11,799)
1.No. of ordinary shares (000)
35,000
35,000
35,000
35,000
35,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
6.Underwriting profit
E.Other items
0.00%
0.00%
0.00%
0.00%
(59,555)
(26,479)
(49,157)
(9,147)
1.Return on equity (ROE) (D8/A)
-204.51%
-16.63%
-65.11%
1,050.52%
2.Return on assets (ROA) (D8/C)
-14.28%
-1.62%
-7.41%
-61.56%
-17.61%
-3.74
-0.28
-0.71
-1.21
-0.34
3.Stock dividend/bonus shares
4.Cash generated from operating activities
(763)
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
74.59%
4.Net Claims Incurred Ratio (D5/D3)
72.81%
41.34%
0.29%
108.52%
-
5.Underwriting profit to profit after tax. (D6/D8)
40.15%
-726.58%
-100.47%
25.56%
92.63%
2.54%
0.28%
1.11%
5.27%
-
1.Cash & bank balances to total assets (C1/C)
4.52%
5.01%
0.15%
1.14%
0.50%
2. Investment to total assets (C3/C)
8.24%
8.84%
10.83%
55.69%
60.20%
6.98%
9.74%
11.38%
-5.86%
-23.61%
1.83
1.69
1.09
-0.11
-0.45
45.48%
269.29%
197.57%
21.66%
6.47%
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
203
Financial Statement Analysis of Financial Sector
Premier Insurance Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2014
2015
2016
1,528,254
1,608,424
1,630,514
2018
(Thousand Rupees)
2017
2018
1,183,220
1,175,134
302,821
348,244
417,893
505,650
505,650
1,284,461
1,208,756
1,390,776
1,167,630
1,148,897
(59,028)
51,424
(178,155)
(490,060)
(479,413)
0
0
0
0
0
1,901,728
2,076,988
2,503,080
2,415,937
1,814,069
0
0
0
0
0
1,273,748
1,487,008
2,004,178
1,923,629
1,383,624
627,980
589,980
498,902
492,308
430,445
3,429,982
3,685,412
4,133,594
3,599,157
2,989,203
150,993
84,797
417,714
149,275
72,840
0
0
0
2,329
4,473
3.Investments in securities & properties
1,174,956
1,168,837
1,309,416
1,361,527
1,278,034
4.Other/misc. assets
1,859,385
2,192,116
2,123,959
1,822,562
1,397,134
244,648
239,662
282,505
263,464
236,722
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
145,734
140,295
258,537
27,265
42,937
1,355,682
1,405,907
1,115,119
849,108
535,976
3.Net premium
694,506
770,143
623,366
517,834
290,308
4.Gross claims
544,055
552,292
539,846
645,561
516,573
5.Net claims
347,120
363,668
628,312
527,112
93,910
1.Investment income
2.Gross premium
6.Underwriting profit
(9,072)
73,488
(432,243)
(407,282)
(71,857)
7.Profit/(loss) before taxation
40,513
123,424
(325,134)
(302,008)
15,964
8.Profit/(loss) after taxation
34,647
110,616
(330,709)
(315,977)
10,613
30,282
34,824
41,789
50,565
50,565
10.00%
10.00%
0.00%
0.00%
0.00%
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
15.00%
20.00%
10.00%
10.00%
4.Cash generated from operating activities
(68,802)
(148,135)
(84,077)
(397,849)
0.00%
1.Return on equity (ROE) (D8/A)
2.27%
6.88%
-20.28%
-26.70%
0.90%
2.Return on assets (ROA) (D8/C)
1.01%
3.00%
-8.00%
-8.78%
0.36%
1.14
3.18
-7.91
-6.25
0.21
49.98%
47.22%
100.79%
101.79%
32.35%
66.44%
130.70%
128.90%
-677.07%
18.22%
41.47%
5.27%
14.79%
(281,178)
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
-26.18%
20.98%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
4.40%
2.30%
10.11%
4.15%
2.44%
34.26%
31.72%
31.68%
37.83%
42.76%
44.56%
43.64%
39.45%
32.87%
39.31%
50.47
46.19
39.02
23.40
23.24
-198.58%
-133.92%
25.42%
125.91%
-2,649.37%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
204
Financial Statement Analysis of Financial Sector
Reliance Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
725,219
786,035
868,880
804,569
853,566
1.Share capital
403,459
463,978
510,375
561,413
561,413
2.Reserves
180,000
200,000
220,000
250,000
250,000
3.Un appropriated profit
141,760
122,057
138,505
(6,844)
42,153
Items
A.Total equity (A1 to A3)
0
0
8,088
(5,635)
2,359
870,725
980,526
951,418
992,187
802,729
0
0
0
0
0
772,409
875,934
819,278
842,668
667,402
98,316
104,592
132,140
149,519
135,327
1,595,944
1,766,561
1,828,386
1,791,121
1,658,654
104,499
133,927
120,239
160,185
144,372
1,534
1,418
998
1,336
990
3.Investments in securities & properties
584,868
653,670
795,291
704,219
711,108
4.Other/misc. assets
823,391
896,803
824,787
844,361
709,303
81,652
80,743
87,071
81,020
92,881
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
96,216
86,693
99,009
(40,072)
46,673
1,028,136
1,114,396
1,201,840
1,155,402
878,686
3.Net premium
295,757
316,423
359,415
357,654
348,241
4.Gross claims
1.Investment income
2.Gross premium
292,354
277,775
267,349
228,649
207,784
5.Net claims
94,300
89,862
101,720
88,157
87,174
6.Underwriting profit
39,447
49,220
64,289
67,082
48,624
7.Profit/(loss) before taxation
96,540
90,788
115,540
(17,595)
60,121
8.Profit/(loss) after taxation
90,140
80,989
100,690
(38,792)
48,997
1.No. of ordinary shares (000)
40,346
46,398
51,038
56,141
56,141
2.Cash dividend
5.00%
5.00%
5.00%
0.00%
0.00%
15.00%
10.00%
10.00%
0.00%
0.00%
23,354
40,013
102,288
38,113
(44,425)
1.Return on equity (ROE) (D8/A)
12.43%
10.30%
11.59%
-4.82%
5.74%
2.Return on assets (ROA) (D8/C)
5.65%
4.58%
5.51%
-2.17%
2.95%
2.23
1.75
1.97
-0.69
0.87
4.Net Claims Incurred Ratio (D5/D3)
31.88%
28.40%
28.30%
24.65%
25.03%
5.Underwriting profit to profit after tax. (D6/D8)
43.76%
60.77%
63.85%
-172.93%
99.24%
6.Investment income to net premium (D1/D3)
32.53%
27.40%
27.55%
-11.20%
13.40%
E.Other items
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
6.55%
7.58%
6.58%
8.94%
8.70%
36.65%
37.00%
43.50%
39.32%
42.87%
45.44%
44.50%
47.52%
44.92%
51.46%
17.98
16.94
17.02
14.33
15.20
25.91%
49.41%
101.59%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-98.25%
-90.67%
205
Financial Statement Analysis of Financial Sector
SPI Insurance Company Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
328,529
397,217
432,261
523,313
542,458
325,000
325,000
410,000
500,000
500,000
0
0
(293)
(418)
(383)
3,529
72,217
22,554
23,731
42,841
0
0
0
0
0
328,361
449,702
603,734
654,671
681,375
0
0
0
0
0
299,234
308,113
416,582
492,510
491,144
29,127
141,589
187,152
162,161
190,231
656,890
846,919
1,035,995
1,177,984
1,223,833
62,957
83,550
80,185
43,843
27,489
1,863
1,159
1,529
1,350
362
67,130
92,148
156,290
232,194
235,612
477,442
353,976
700,355
803,152
851,475
47,498
316,086
97,636
97,445
108,895
D.Profit & loss account
12,374
10,173
12,712
14,265
16,656
2.Gross premium
510,961
599,620
678,082
700,999
580,692
3.Net premium
404,126
488,368
529,290
561,908
471,131
4.Gross claims
166,700
200,896
183,212
176,121
168,985
5.Net claims
122,799
144,754
215,099
198,926
151,680
6.Underwriting profit
1.Investment income
110,249
150,052
51,026
40,474
12,109
7.Profit/(loss) before taxation
72,334
98,951
64,710
48,456
12,967
8.Profit/(loss) after taxation
40,337
72,097
36,788
44,152
18,932
1.No. of ordinary shares (000)
32,500
32,500
41,000
50,000
50,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
E.Other items
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
21,305
80,059
54,297
19,464
(10,037)
1.Return on equity (ROE) (D8/A)
12.28%
18.15%
8.51%
8.44%
3.49%
2.Return on assets (ROA) (D8/C)
6.14%
8.51%
3.55%
3.75%
1.55%
1.24
2.22
0.90
0.88
0.38
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
30.39%
29.64%
40.64%
35.40%
32.19%
273.32%
208.13%
138.70%
91.67%
63.96%
3.06%
2.08%
2.40%
2.54%
3.54%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
9.58%
9.87%
7.74%
3.72%
2.25%
10.22%
10.88%
15.09%
19.71%
19.25%
50.01%
46.90%
41.72%
44.42%
44.32%
10.11
12.22
10.54
10.47
10.85
52.82%
111.04%
147.59%
44.08%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-53.02%
206
Financial Statement Analysis of Financial Sector
Security General Insurance Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
8,494,688
9,105,167
14,927,269
680,625
680,625
680,625
680,625
680,625
2,000
2,000
5,366,032
5,349,517
3,313,257
7,812,063
8,422,542
8,880,612
9,364,125
9,876,532
15,394,267
13,870,414
0
0
0
0
0
2,538,414
2,898,883
5,300,261
5,847,503
5,126,269
0
0
0
0
0
2,215,913
2,557,633
2,630,325
3,177,226
3,328,994
322,501
341,250
2,669,936
2,670,277
1,797,275
11,033,102
12,004,050
20,227,530
21,241,770
18,996,683
836,804
348,585
386,533
644,546
233,108
0
0
0
1,014
931
3.Investments in securities & properties
7,535,303
8,347,692
16,839,825
17,093,520
14,472,903
4.Other/misc. assets
2,540,852
3,200,299
2,893,712
3,385,442
4,165,579
120,143
107,474
107,460
117,248
124,162
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
798,818
996,486
1,016,532
1,082,586
995,081
1,815,744
1,850,686
2,087,139
2,013,428
2,495,889
3.Net premium
524,073
441,230
445,682
502,533
599,589
4.Gross claims
723,250
1,274,538
2,411,044
410,321
470,470
5.Net claims
231,652
124,531
74,704
94,441
83,195
6.Underwriting profit
174,156
199,759
270,660
197,766
294,297
7.Profit/(loss) before taxation
971,395
1,094,214
1,186,279
1,278,118
1,291,835
8.Profit/(loss) after taxation
897,035
913,773
799,580
824,723
853,828
1.No. of ordinary shares (000)
68,063
68,063
68,063
68,063
68,063
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
1.Investment income
2.Gross premium
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
(112,456)
(478,065)
186,093
(92,506)
(643,098)
1.Return on equity (ROE) (D8/A)
10.56%
10.04%
5.36%
5.36%
6.16%
2.Return on assets (ROA) (D8/C)
8.13%
7.61%
3.95%
3.88%
4.49%
13.18
13.43
11.75
12.12
12.54
4.Net Claims Incurred Ratio (D5/D3)
44.20%
28.22%
16.76%
18.79%
13.88%
5.Underwriting profit to profit after tax. (D6/D8)
19.41%
21.86%
33.85%
23.98%
34.47%
152.42%
225.84%
228.08%
215.43%
165.96%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
7.58%
2.90%
1.91%
3.03%
1.23%
68.30%
69.54%
83.25%
80.47%
76.19%
1.Capital ratio (A/C)
76.99%
75.85%
73.80%
72.47%
73.01%
2.Break up value per share (A/E1) (Rs. per share)
124.81
133.78
219.32
226.18
203.79
-12.54%
-52.32%
23.27%
-11.22%
-75.32%
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
207
Financial Statement Analysis of Financial Sector
Sindh Insurance Limited
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
532,025
599,344
658,578
1,281,479
1,479,356
500,000
500,000
500,000
1,000,000
1,000,000
0
0
2,527
553
0
32,025
99,344
156,051
280,926
479,356
0
0
0
0
0
11,765
77,429
2,330,843
2,197,131
2,380,651
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
5,165
67,508
2,308,280
2,159,021
2,326,613
3.Other/misc. liabilities
6,600
9,921
22,563
38,110
54,038
543,790
676,773
2,989,421
3,478,610
3,860,007
135,337
53,337
69,809
52,347
53,916
0
0
1,113
372
0
355,227
526,310
2,477,801
2,995,299
3,107,017
4.Other/misc. assets
27,849
69,051
414,612
406,487
679,774
5.Fixed assets
25,377
28,075
26,086
24,105
19,300
61,317
115,154
63,241
181,554
258,479
2,320
73,995
2,408,854
403,139
426,427
(458)
20,508
640,425
1,618,930
358,775
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
D.Profit & loss account
1.Investment income
2.Gross premium
3.Net premium
4.Gross claims
5.Net claims
0
0
37,099
96,405
110,220
116
13,255
516,012
763,598
801,910
6.Underwriting profit
(2,289)
(15,785)
31,460
(9,066)
5,981
7.Profit/(loss) before taxation
47,799
97,163
82,574
178,318
278,825
8.Profit/(loss) after taxation
32,025
67,319
56,707
124,876
198,429
1.No. of ordinary shares (000)
50,000
50,000
50,000
100,000
100,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
(24,051)
(39,940)
1,944,181
(152,345)
(153,790)
1.Return on equity (ROE) (D8/A)
6.02%
11.23%
8.61%
9.74%
13.41%
2.Return on assets (ROA) (D8/C)
5.89%
9.95%
1.90%
3.59%
5.14%
0.64
1.35
1.13
1.25
1.98
64.63%
223.51%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
-25.33%
80.57%
47.17%
-7.15%
-23.45%
55.48%
-7.26%
3.01%
-13,387.99%
561.51%
9.87%
11.21%
72.04%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
24.89%
7.88%
2.34%
1.50%
1.40%
2. Investment to total assets (C3/C)
65.32%
77.77%
82.89%
86.11%
80.49%
97.84%
88.56%
22.03%
36.84%
38.33%
10.64
11.99
13.17
12.81
14.79
3,428.47%
-122.00%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-75.10%
-59.33%
-77.50%
208
Financial Statement Analysis of Financial Sector
Shaheen Insurance Co. Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
340,083
366,268
401,595
614,710
683,675
450,000
450,000
450,000
600,000
600,000
20,000
20,000
31,416
31,042
31,365
(129,917)
(103,732)
(79,821)
(16,332)
52,310
0
0
0
0
0
446,674
414,636
364,231
420,966
468,589
0
0
0
0
0
358,287
342,416
301,195
306,111
333,171
88,387
72,220
63,036
114,855
135,418
786,757
780,904
765,826
1,035,676
1,152,264
230,399
174,423
22,406
86,080
21,238
54
3
3
3
3
3.Investments in securities & properties
297,609
302,815
488,568
641,722
694,002
4.Other/misc. assets
213,499
255,006
208,535
295,655
425,956
45,196
48,657
46,314
12,216
11,065
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
15,897
16,306
17,158
29,143
33,037
2.Gross premium
284,183
308,988
339,503
342,923
416,939
3.Net premium
229,621
225,225
264,558
299,586
366,914
4.Gross claims
1.Investment income
147,454
229,852
134,655
99,554
102,816
5.Net claims
73,395
100,355
74,312
80,412
84,889
6.Underwriting profit
67,626
43,318
86,838
95,516
110,080
7.Profit/(loss) before taxation
11,817
5,723
42,781
73,948
88,621
8.Profit/(loss) after taxation
12,962
26,184
40,136
63,490
68,641
1.No. of ordinary shares (000)
45,000
45,000
45,000
60,000
60,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
(11,741)
(31,447)
27,439
16,795
325,891
1.Return on equity (ROE) (D8/A)
3.81%
7.15%
9.99%
10.33%
10.04%
2.Return on assets (ROA) (D8/C)
1.65%
3.35%
5.24%
6.13%
5.96%
0.29
0.58
0.89
1.06
1.14
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
31.96%
44.56%
28.09%
26.84%
23.14%
521.73%
165.44%
216.36%
150.44%
160.37%
6.92%
7.24%
6.49%
9.73%
9.00%
1.Cash & bank balances to total assets (C1/C)
29.28%
22.34%
2.93%
8.31%
1.84%
2. Investment to total assets (C3/C)
37.83%
38.78%
63.80%
61.96%
60.23%
43.23%
46.90%
52.44%
59.35%
59.33%
7.56
8.14
8.92
10.25
11.39
-90.58%
-120.10%
68.37%
26.45%
474.78%
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
209
Financial Statement Analysis of Financial Sector
TPL Insurance Company Ltd.
Items
A.Total equity (A1 to A3)
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
464,758
939,557
1,042,726
1,147,753
963,596
938,663
460,000
755,159
755,159
755,159
2.Reserves
(7,687)
138,676
138,676
138,676
8,034
3.Un appropriated profit
12,445
45,722
148,891
253,918
16,899
1.Share capital
0
1,628
2,267
(26,447)
(26,698)
804,988
929,401
1,235,245
1,379,318
1,314,450
0
0
0
0
0
705,341
706,793
885,033
918,842
899,687
99,647
222,608
350,212
460,476
414,763
1,269,746
1,870,586
2,280,238
2,500,624
2,251,348
8,949
16,647
176,417
133,592
153,053
628
785
828
2,272
4,634
49,941
726,978
821,771
1,069,460
673,125
4.Other/misc. assets
896,685
742,434
920,060
1,203,910
1,290,937
5.Fixed assets
313,543
383,742
361,162
91,390
129,599
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
D.Profit & loss account
13,773
9,840
43,635
15,155
1,252
2.Gross premium
1,220,805
1,171,256
1,370,187
1,383,696
1,350,156
3.Net premium
1,048,241
1,131,293
1,197,091
1,299,464
1,264,044
4.Gross claims
707,390
717,882
735,424
730,722
753,019
5.Net claims
527,030
531,771
507,904
502,048
485,918
6.Underwriting profit
77,805
54,879
50,704
166,498
156,402
7.Profit/(loss) before taxation
38,952
45,621
163,363
163,363
14,511
8.Profit/(loss) after taxation
25,930
33,278
105,027
105,026
3,575
1.No. of ordinary shares (000)
46,000
75,516
75,516
75,516
93,866
2.Cash dividend
0.00%
0.00%
0.00%
10.00%
13.00%
1.Investment income
E.Other items
0.00%
0.00%
0.00%
0.00%
20.00%
163,392
178,931
277,211
(30,677)
25,240
1.Return on equity (ROE) (D8/A)
5.58%
3.54%
10.07%
9.15%
0.37%
2.Return on assets (ROA) (D8/C)
2.04%
1.78%
4.61%
4.20%
0.16%
0.56
0.44
1.39
1.39
0.04
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
50.28%
47.01%
42.43%
38.64%
38.44%
300.06%
164.91%
48.28%
158.53%
4,374.88%
1.31%
0.87%
3.65%
1.17%
0.10%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
0.70%
0.89%
7.74%
5.34%
6.80%
2. Investment to total assets (C3/C)
3.93%
38.86%
36.04%
42.77%
29.90%
36.60%
50.23%
45.73%
45.90%
42.80%
10.10
12.44
13.81
15.20
10.27
630.13%
537.69%
263.94%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-29.21%
706.01%
210
Financial Statement Analysis of Financial Sector
The Cooperative Insurance Society of Pakistan Ltd.
Items
A.Total equity (A1 to A3)
2014
2015
2016
317,509
518,426
2,305,324
2018
(Thousand Rupees)
2017
2018
2,239,520
2,317,125
300,000
500,000
500,000
500,020
500,032
2.Reserves
8,299
8,529
1,795,943
1,731,154
1,808,500
3.Un appropriated profit
9,210
9,897
9,381
8,346
8,593
1,672,018
1,679,912
0
0
0
19,645
27,367
70,315
44,754
48,640
0
0
0
0
0
15,168
1.Share capital
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
2,898
4,385
5,253
7,311
16,747
22,982
65,062
37,443
33,472
2,009,172
2,225,705
2,375,639
2,284,274
2,365,765
10,534
12,417
11,813
10,355
7,341
0
0
0
0
0
7,505
7,505
161,930
74,148
58,370
3,035
4,113
3,578
3,790
8,605
1,988,098
2,201,670
2,198,318
2,195,981
2,291,449
1.Investment income
3,769
5,095
5,585
3,496
3,071
2.Gross premium
2,875
6,624
5,813
8,743
16,780
3.Net premium
2,212
4,082
5,328
6,309
10,530
4.Gross claims
455
949
181
423
349
5.Net claims
316
470
130
618
787
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
(4,199)
(5,257)
7.Profit/(loss) before taxation
1,620
606
433
(1,543)
(4,040)
8.Profit/(loss) after taxation
1,286
916
421
(1,035)
1.No. of ordinary shares (000)
30,000
30,000
50,000
50,002
50,003
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
6.Underwriting profit
(2,863)
(4,150)
(2,153)
248
E.Other items
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
(9,029)
(8,419)
(11,665)
(9,646)
(11,549)
1.Return on equity (ROE) (D8/A)
0.41%
0.18%
0.02%
-0.05%
0.01%
2.Return on assets (ROA) (D8/C)
0.06%
0.04%
0.02%
-0.05%
0.01%
0.04
0.03
0.01
-0.02
0.00
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
14.29%
11.51%
2.44%
9.80%
7.47%
-222.63%
-453.06%
-511.40%
405.70%
-2,119.76%
170.39%
124.82%
104.82%
55.41%
29.16%
1.Cash & bank balances to total assets (C1/C)
0.52%
0.56%
0.50%
0.45%
0.31%
2. Investment to total assets (C3/C)
0.37%
0.34%
6.82%
3.25%
2.47%
15.80%
23.29%
97.04%
98.04%
97.94%
10.58
17.28
46.11
44.79
46.34
-702.10%
-919.10%
-2,770.78%
931.98%
-4,656.85%
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
211
Financial Statement Analysis of Financial Sector
The Pakistan General Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
571,861
564,858
567,347
608,960
608,960
1.Share capital
375,000
400,013
400,013
464,015
464,015
2.Reserves
140,000
114,987
114,987
50,985
50,985
56,861
49,858
52,347
93,960
93,960
Items
A.Total equity (A1 to A3)
3.Un appropriated profit
9,854
11,638
9,799
8,897
8,897
311,806
403,088
372,932
300,320
300,320
0
0
0
0
0
268,278
354,854
331,999
119,017
119,017
43,528
48,234
40,933
181,303
181,303
893,521
979,584
950,078
918,177
918,177
329,262
39,397
8,430
28,751
28,751
224
4,401
4,479
4,368
4,368
3.Investments in securities & properties
154,199
339,076
395,420
446,422
446,422
4.Other/misc. assets
312,450
498,363
420,007
323,347
323,347
97,386
98,347
121,742
115,289
115,289
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
22,159
23,718
14,452
12,014
12,014
2.Gross premium
412,925
457,540
352,440
201,097
201,097
3.Net premium
224,004
264,591
250,957
287,600
287,600
4.Gross claims
226,746
254,203
82,660
884,570
884,570
5.Net claims
122,479
128,632
84,856
4,142
4,142
6.Underwriting profit
58,653
62,566
70,658
100,382
100,382
7.Profit/(loss) before taxation
49,739
69,308
43,913
60,217
60,217
8.Profit/(loss) after taxation
44,842
66,640
32,932
40,241
40,241
1.No. of ordinary shares (000)
37,500
40,001
40,001
46,402
46,402
2.Cash dividend
0.00%
7.50%
0.00%
0.00%
0.00%
1.Investment income
E.Other items
3.Stock dividend/bonus shares
6.67%
0.00%
16.00%
0.00%
0.00%
4.Cash generated from operating activities
97,064
(143,942)
133,758
(114,682)
(114,682)
1.Return on equity (ROE) (D8/A)
7.84%
11.80%
5.80%
6.61%
6.61%
2.Return on assets (ROA) (D8/C)
5.02%
6.80%
3.47%
4.38%
4.38%
1.20
1.67
0.82
0.87
0.87
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
54.68%
48.62%
33.81%
1.44%
1.44%
130.80%
93.89%
214.56%
249.45%
249.45%
9.89%
8.96%
5.76%
4.18%
4.18%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
36.85%
4.02%
0.89%
3.13%
3.13%
2. Investment to total assets (C3/C)
17.26%
34.61%
41.62%
48.62%
48.62%
64.00%
57.66%
59.72%
66.32%
66.32%
15.25
14.12
14.18
13.12
13.12
216.46%
-216.00%
406.16%
-284.99%
-284.99%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
212
Financial Statement Analysis of Financial Sector
The United Insurance Co. of Pakistan Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,645,023
2,245,720
2,588,324
2,641,767
3,043,496
920,000
1,288,000
1,803,200
2,001,552
2,261,754
75,116
68,124
105,234
46,491
58,204
649,907
889,596
679,890
593,724
723,538
40,098
39,235
81,942
81,106
80,314
3,135,041
2,774,469
2,829,246
3,488,446
3,771,655
0
0
0
0
0
2,795,344
2,302,890
2,427,434
3,074,639
3,307,734
339,697
471,579
401,812
413,807
463,921
4,820,162
5,059,424
5,499,512
6,211,319
6,895,465
593,771
324,822
365,488
490,059
542,589
10,407
14,546
17,395
13,968
11,161
645,631
651,524
592,375
1,304,100
1,764,790
2,941,927
3,364,633
3,676,106
3,587,908
3,798,768
628,426
703,899
848,148
815,284
778,157
D.Profit & loss account
63,404
60,729
73,106
67,204,706
8,365
2.Gross premium
2,598,471
3,062,158
3,781,741
4,163,546
4,227,348
3.Net premium
1,536,703
2,151,784
2,473,432
2,678,708
2,574,381
4.Gross claims
1.Investment income
1,740,163
1,376,246
1,585,320
2,152,056
2,396,774
5.Net claims
419,432
742,329
934,519
1,287,193
1,305,274
6.Underwriting profit
629,074
779,657
509,741
221,312
323,246
7.Profit/(loss) before taxation
507,936
679,588
357,960
487,345
562,701
8.Profit/(loss) after taxation
460,887
620,026
278,448
292,284
389,223
1.No. of ordinary shares (000)
92,000
128,800
180,320
200,155
226,175
2.Cash dividend
0.00%
0.00%
10.00%
0.00%
0.00%
E.Other items
3.Stock dividend/bonus shares
40.00%
40.00%
11.00%
13.00%
15.00%
4.Cash generated from operating activities
449,003
324,579
344,236
703,060
780,578
1.Return on equity (ROE) (D8/A)
28.02%
27.61%
10.76%
11.06%
12.79%
2.Return on assets (ROA) (D8/C)
9.56%
12.25%
5.06%
4.71%
5.64%
5.01
4.81
1.54
1.46
1.72
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
27.29%
34.50%
37.78%
48.05%
50.70%
136.49%
125.75%
183.07%
75.72%
83.05%
4.13%
2.82%
2.96%
2,508.85%
0.32%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
12.32%
6.42%
6.65%
7.89%
7.87%
2. Investment to total assets (C3/C)
13.39%
12.88%
10.77%
21.00%
25.59%
34.13%
44.39%
47.06%
42.53%
44.14%
17.88
17.44
14.35
13.20
13.46
97.42%
52.35%
123.63%
240.54%
200.55%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
213
Financial Statement Analysis of Financial Sector
The Universal Insurance Co. Ltd.
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
117,635
310,911
382,590
509,959
525,805
370,000
416,180
416,180
500,000
500,000
14,489
28,309
28,720
28,599
13,824
(266,854)
(133,578)
(62,310)
(18,640)
11,981
242,578
242,501
260,537
269,662
282,304
486,546
230,258
161,062
141,063
118,818
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
370,065
163,659
123,104
111,340
90,388
3.Other/misc. liabilities
116,481
66,599
37,958
29,723
28,430
846,759
783,670
804,189
920,684
926,927
122,232
108,193
5,916
90,165
26,464
0
0
134
168
0
3.Investments in securities & properties
157,447
187,286
341,747
391,788
464,741
4.Other/misc. assets
375,495
303,855
282,561
258,104
244,203
5.Fixed assets
191,585
184,336
173,831
180,459
191,519
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
D.Profit & loss account
4,766
4,816
31,382
(4,914)
(11,973)
2.Gross premium
67,977
44,801
35,979
28,324
63,549
3.Net premium
34,994
27,991
25,546
12,183
33,184
4.Gross claims
(25,324)
102,858
22,448
11,508
17,560
2,205
(56,152)
(8,604)
9,017
2,366
1.Investment income
5.Net claims
329
82,724
(23,151)
(39,329)
(38,912)
7.Profit/(loss) before taxation
(41,023)
130,739
71,246
45,423
19,497
8.Profit/(loss) after taxation
(45,839)
129,717
69,407
41,452
15,989
1.No. of ordinary shares (000)
37,000
41,618
41,618
50,000
50,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
6.Underwriting profit
E.Other items
3.Stock dividend/bonus shares
4.Cash generated from operating activities
0.00%
0.00%
0.00%
0.00%
0.00%
(85,276)
(77,561)
(58,070)
(17,147)
(27,449)
-38.97%
41.72%
18.14%
8.13%
3.04%
-5.41%
16.55%
8.63%
4.50%
1.72%
-1.24
3.12
1.67
0.83
0.32
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
6.30%
-200.61%
-33.68%
5.Underwriting profit to profit after tax. (D6/D8)
-0.72%
63.77%
-33.36%
-94.88%
-243.37%
6.Investment income to net premium (D1/D3)
13.62%
17.21%
122.85%
-40.33%
-36.08%
1.Cash & bank balances to total assets (C1/C)
14.44%
13.81%
0.74%
9.79%
2.86%
2. Investment to total assets (C3/C)
18.59%
23.90%
42.50%
42.55%
50.14%
13.89%
39.67%
47.57%
55.39%
56.73%
3.18
7.47
9.19
10.20
10.52
186.03%
-59.79%
-83.67%
4.Net Claims Incurred Ratio (D5/D3)
74.01%
7.13%
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
-41.37%
-171.67%
214
Financial Statement Analysis of Financial Sector
UBL Insurers Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
2.Outstanding claims, adv., prem., due to other insurers
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
753,053
863,356
992,086
1,150,759
1,401,075
800,000
800,000
800,000
800,000
800,000
0
11,485
4,784
(880)
(7,850)
(46,947)
51,871
187,302
351,639
608,925
0
0
0
0
0
1,329,727
1,802,043
2,544,528
3,066,304
3,406,032
0
0
0
0
0
1,191,718
1,595,374
2,270,383
2,650,013
3,009,599
138,009
206,669
274,145
416,291
396,433
2,082,780
2,665,399
3,536,614
4,217,063
4,807,107
183,317
77,807
30,495
86,049
140,664
1,008
1,303
1,868
1,384
2,627
509,285
847,379
777,456
863,694
872,075
1,331,661
1,662,266
2,644,230
3,181,421
3,691,255
57,509
76,644
82,565
84,515
100,486
D.Profit & loss account
74,611
88,198
73,992
44,115
60,557
1,114,520
1,600,476
2,334,187
2,760,841
3,391,311
3.Net premium
385,189
534,555
872,903
1,012,177
1,412,471
4.Gross claims
517,125
469,382
1,387,641
1,293,601
1,927,442
5.Net claims
176,738
203,788
452,947
419,969
568,260
6.Underwriting profit
104,713
148,329
236,694
320,967
378,703
7.Profit/(loss) before taxation
101,779
147,078
196,283
247,371
364,991
59,826
99,507
136,596
166,996
259,576
1.No. of ordinary shares (000)
80,000
80,000
80,000
80,000
80,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
1.Investment income
2.Gross premium
8.Profit/(loss) after taxation
E.Other items
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
47,207
186,333
(160,010)
116,066
43,922
1.Return on equity (ROE) (D8/A)
7.94%
11.53%
13.77%
14.51%
18.53%
2.Return on assets (ROA) (D8/C)
2.87%
3.73%
3.86%
3.96%
5.40%
0.75
1.24
1.71
2.09
3.24
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
45.88%
38.12%
51.89%
41.49%
40.23%
175.03%
149.06%
173.28%
192.20%
145.89%
19.37%
16.50%
8.48%
4.36%
4.29%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
8.80%
2.92%
0.86%
2.04%
2.93%
24.45%
31.79%
21.98%
20.48%
18.14%
36.16%
32.39%
28.05%
27.29%
29.15%
9.41
10.79
12.40
14.38
17.51
78.91%
187.26%
-117.14%
69.50%
16.92%
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
215
Financial Statement Analysis of Financial Sector
Takaful Companies - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
1,542,324
1,724,480
1,934,798
2,303,440
2,772,564
2,643,377
2,681,972
2,681,972
3,004,106
3,629,339
154,581
(288,138)
(274,774)
(271,119)
(415,354)
(1,255,634)
(669,354)
(472,400)
(429,547)
(441,421)
(10,801)
(130,872)
326,966
410,562
527,435
B.Total liabilities (B1 to B3)
11,335,319
14,759,946
19,472,639
22,384,921
25,648,769
1.Balance of statutory funds
8,830,253
12,646,105
2,483,637
3,049,994
3,729,090
2.Outstanding claims, adv., prem., due to other insurers
1,641,581
1,395,187
1,292,279
1,416,187
1,484,085
863,485
718,654
15,696,723
17,918,740
20,435,594
12,866,842
16,353,554
21,734,402
25,098,922
28,948,767
4,905,641
10,101,405
4,168,020
4,653,226
4,520,546
2,108
1,099
2,689
13,704
7,497
3.Investments in securities & properties
5,420,530
4,130,996
14,118,410
17,234,655
20,842,324
4.Other/misc. assets
2,280,257
1,881,234
3,096,877
2,808,189
3,111,141
258,306
238,820
348,406
389,148
467,259
4.Others
3.Other/misc. liabilities
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
93,645
92,308
85,213
850,852
1,168,164
2.Gross premium
8,058,291
9,325,382
10,073,633
10,423,632
10,385,409
3.Net premium
2,087,827
2,271,183
2,533,738
8,906,189
8,538,548
4.Gross claims
2,913,540
2,893,042
3,557,989
4,755,824
4,765,700
5.Net claims
1,449,574
1,407,500
1,554,645
3,974,698
4,250,202
1.Investment income
148,116
(16,387)
(15,223)
22,106
11,456
7.Profit/(loss) before taxation
53,881
(308,665)
(249,500)
(255,498)
(327,719)
8.Profit/(loss) after taxation
17,628
(378,068)
(313,510)
(316,880)
(392,261)
264,338
268,197
268,197
300,411
362,934
6.Underwriting profit
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1,664,495
2,912,229
2,411,772
3,027,330
2,525,701
1.Return on equity (ROE) (D8/A)
1.14%
-21.92%
-16.20%
-13.76%
-14.15%
2.Return on assets (ROA) (D8/C)
0.14%
-2.31%
-1.44%
-1.26%
-1.36%
0.07
-1.41
-1.17
-1.05
-1.08
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
69.43%
61.97%
61.36%
44.63%
49.78%
840.23%
4.33%
4.86%
-6.98%
-2.92%
4.49%
4.06%
3.36%
9.55%
13.68%
1.Cash & bank balances to total assets (C1/C)
38.13%
61.77%
19.18%
18.54%
15.62%
2. Investment to total assets (C3/C)
42.13%
25.26%
64.96%
68.67%
72.00%
11.99%
10.54%
8.90%
9.18%
9.58%
5.83
6.43
7.21
7.67
7.64
9,442.34%
-770.29%
-769.28%
-955.36%
-643.88%
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
216
Financial Statement Analysis of Financial Sector
Dawood Family Takaful Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
4.Others
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
447,389
396,304
381,226
376,406
385,837
750,000
750,000
750,000
750,000
750,000
0
0
0
0
(302,611)
(90)
(353,696)
(3,475)
(368,774)
(6,225)
(373,594)
(6,206)
0
(364,163)
(6,115)
B.Total liabilities (B1 to B3)
1,312,873
1,905,684
2,662,801
3,219,223
3,909,882
1.Balance of statutory funds
1,155,203
1,749,274
2,483,637
3,049,994
3,729,090
2.Outstanding claims, adv., prem., due to other insurers
97,541
95,531
105,198
94,161
90,217
3.Other/misc. liabilities
60,129
60,879
73,966
75,068
90,575
1,760,172
2,298,513
3,037,802
3,589,423
4,289,604
984,543
1,432,844
1,694,600
1,774,653
1,309,176
1,688
928
2,689
0
0
3.Investments in securities & properties
468,367
569,279
950,310
1,520,922
2,643,756
4.Other/misc. assets
260,213
251,739
352,722
261,542
301,475
45,361
43,723
37,481
32,306
35,197
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
25,226
23,454
21,662
27,020
32,038
2.Gross premium
836,806
1,039,847
1,178,417
1,313,292
1,471,410
3.Net premium
475,609
515,106
558,450
489,681
554,853
4.Gross claims
61,744
61,576
68,180
45,881
75,707
5.Net claims
28,715
31,417
31,841
33,305
56,604
1.Investment income
0
0
0
0
0
7.Profit/(loss) before taxation
(39,266)
(37,844)
2,957
7,218
21,343
8.Profit/(loss) after taxation
(24,306)
(51,085)
(15,034)
(4,820)
9,430
1.No. of ordinary shares (000)
75,000
75,000
75,000
75,000
75,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
6.Underwriting profit
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
269,796
422,269
388,381
706,681
643,452
1.Return on equity (ROE) (D8/A)
-5.43%
-12.89%
-3.94%
-1.28%
2.44%
2.Return on assets (ROA) (D8/C)
-1.38%
-2.22%
-0.49%
-0.13%
0.22%
-0.32
-0.68
-0.20
-0.06
0.13
4.Net Claims Incurred Ratio (D5/D3)
6.04%
6.10%
5.70%
6.80%
10.20%
5.Underwriting profit to profit after tax. (D6/D8)
0.00%
0.00%
0.00%
0.00%
0.00%
6.Investment income to net premium (D1/D3)
5.30%
4.55%
3.88%
5.52%
5.77%
1.Cash & bank balances to total assets (C1/C)
55.93%
62.34%
55.78%
49.44%
30.52%
2. Investment to total assets (C3/C)
26.61%
24.77%
31.28%
42.37%
61.63%
25.42%
17.24%
12.55%
10.49%
8.99%
5.97
5.28
5.08
5.02
5.14
-1,110.00%
-826.60%
-2,583.35%
-14,661.43%
6,823.46%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
217
Financial Statement Analysis of Financial Sector
Pak Qatar Family Takaful Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
440,052
596,895
785,152
1,136,605
1,468,048
710,629
710,629
710,629
994,880
1,307,124
0
0
0
24,872
0
74,523
116,853
160,924
(270,577)
(113,734)
0
0
450,738
542,170
672,949
B.Total liabilities (B1 to B3)
8,152,697
11,502,026
15,170,971
17,369,021
19,754,899
1.Balance of statutory funds
7,675,050
10,896,831
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
365,311
461,414
236,799
245,286
302,785
3.Other/misc. liabilities
112,336
143,781
14,934,172
17,123,735
19,452,114
8,592,749
12,098,921
16,406,861
19,047,796
21,895,896
3,226,513
7,956,094
2,264,456
2,642,171
2,794,808
0
0
0
11,838
5,240
4,583,821
3,215,225
12,412,046
14,993,209
17,334,836
4.Other/misc. assets
647,815
804,071
1,526,167
1,138,870
1,430,499
5.Fixed assets
134,600
123,531
204,192
261,708
330,513
4.Others
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
D.Profit & loss account
39,878
40,642
49,056
802,265
1,120,448
5,076,717
6,721,214
7,493,979
8,263,052
7,816,618
3.Net premium
706,205
917,351
1,315,378
7,907,340
7,443,140
4.Gross claims
1,477,670
1,883,376
2,559,883
3,618,580
3,839,479
412,416
580,444
896,060
3,426,066
3,635,486
1.Investment income
2.Gross premium
5.Net claims
0
0
0
0
0
7.Profit/(loss) before taxation
56,146
133,853
165,816
173,375
154,761
8.Profit/(loss) after taxation
29,498
84,045
122,607
126,060
107,458
1.No. of ordinary shares (000)
71,063
71,063
71,063
99,488
130,712
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
6.Underwriting profit
E.Other items
3.Stock dividend/bonus shares
4.Cash generated from operating activities
0.00%
0.00%
0.00%
0.00%
0.00%
1,645,666
2,631,792
2,276,857
2,485,094
1,873,844
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
6.70%
14.08%
15.62%
11.09%
7.32%
2.Return on assets (ROA) (D8/C)
0.34%
0.69%
0.75%
0.66%
0.49%
0.42
1.18
1.73
1.27
0.82
48.84%
3.Earning per share (D8/E1) (rs. per share)
58.40%
63.27%
68.12%
43.33%
5.Underwriting profit to profit after tax. (D6/D8)
0.00%
0.00%
0.00%
0.00%
0.00%
6.Investment income to net premium (D1/D3)
5.65%
4.43%
3.73%
10.15%
15.05%
1.Cash & bank balances to total assets (C1/C)
37.55%
65.76%
13.80%
13.87%
12.76%
2. Investment to total assets (C3/C)
53.35%
26.57%
75.65%
78.71%
79.17%
5.12%
4.93%
4.79%
5.97%
6.70%
6.19
8.40
11.05
11.42
11.23
5,578.91%
3,131.41%
1,857.04%
1,971.36%
1,743.79%
4.Net Claims Incurred Ratio (D5/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
218
Financial Statement Analysis of Financial Sector
Pak Kuwait Takaful Co. Ltd.
Items
A.Total equity (A1 to A3)
2014
2015
2016
20,950
26,424
26,425
2018
(Thousand Rupees)
2017
2018
26,425
26,425
1.Share capital
450,000
450,000
450,000
450,000
450,000
2.Reserves
154,581
(288,138)
(288,137)
(288,137)
(288,137)
(583,631)
(135,438)
(135,438)
(135,438)
(135,438)
3.Un appropriated profit
500
500
500
500
500
799,875
446,624
446,624
446,624
446,624
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
605,353
363,227
363,227
363,227
363,227
3.Other/misc. liabilities
194,522
83,397
83,397
83,397
83,397
821,325
473,548
473,548
473,548
473,548
228,128
124,990
124,990
124,990
124,990
0
0
0
0
0
68,642
53,968
53,968
53,968
53,968
502,155
275,933
275,933
275,933
275,933
22,400
18,657
18,657
18,657
18,657
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
1,589
623
623
623
623
2.Gross premium
868,016
529,044
529,044
529,044
529,044
3.Net premium
230,363
202,998
202,998
202,998
202,998
4.Gross claims
589,462
382,836
382,836
382,836
382,836
5.Net claims
372,172
248,849
248,849
248,849
248,849
6.Underwriting profit
169,693
4,203
4,203
4,203
4,203
(6,138)
(446,164)
(446,164)
(446,164)
(446,164)
(14,723)
(444,295)
(444,295)
(444,295)
(444,295)
1.No. of ordinary shares (000)
45,000
45,000
45,000
45,000
45,000
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
1.Investment income
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
3.Stock dividend/bonus shares
4.Cash generated from operating activities
0.00%
0.00%
0.00%
0.00%
0.00%
(81,490)
(134,149)
(134,149)
(134,149)
(134,149)
-70.28%
-1,681.41%
-1,681.34%
-1,681.34%
-1,681.34%
-1.79%
-93.82%
-93.82%
-93.82%
-93.82%
-0.33
-9.87
-9.87
-9.87
-9.87
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D8/A)
2.Return on assets (ROA) (D8/C)
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
161.56%
122.59%
122.59%
122.59%
122.59%
-1,152.57%
-0.95%
-0.95%
-0.95%
-0.95%
0.69%
0.31%
0.31%
0.31%
0.31%
27.78%
26.39%
26.39%
26.39%
26.39%
8.36%
11.40%
11.40%
11.40%
11.40%
2.55%
5.58%
5.58%
5.58%
5.58%
0.47
0.59
0.59
0.59
0.59
553.49%
30.19%
30.19%
30.19%
30.19%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
219
Financial Statement Analysis of Financial Sector
Pak Qatar General Takaful Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
470,811
512,248
525,962
551,830
559,944
432,748
471,343
471,343
509,226
509,226
0
0
11,700
(3,358)
(7,589)
38,063
40,905
42,919
45,962
58,307
(119,362)
(118,414)
0
(107,658)
(102,369)
644,609
500,539
771,221
1,076,725
895,435
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
299,262
175,331
409,634
502,328
424,254
3.Other/misc. liabilities
345,347
325,208
361,587
574,397
471,181
1,115,420
905,129
1,194,814
1,509,193
1,336,965
179,177
259,723
58,951
84,521
203,267
0
0
0
663
1,009
3.Investments in securities & properties
264,175
224,555
346,554
368,353
310,233
4.Other/misc. assets
629,806
378,176
708,655
984,444
753,413
42,262
42,675
80,654
71,212
69,043
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
5.Fixed assets
D.Profit & loss account
11,554
14,295
2,019
789
7,359
1,002,402
701,709
652,736
168,462
192,481
3.Net premium
506,242
373,518
217,849
168,463
192,481
4.Gross claims
633,247
417,784
383,836
593,375
388,108
5.Net claims
542,285
412,734
249,205
211,234
231,632
1.Investment income
2.Gross premium
6,192
6,573
3,575
6,359
5,381
7.Profit/(loss) before taxation
32,169
7,786
3,799
6,244
18,660
8.Profit/(loss) after taxation
18,527
2,841
2,014
3,043
12,345
1.No. of ordinary shares (000)
43,275
47,134
47,134
50,923
50,923
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
6.Underwriting profit
E.Other items
0.00%
0.00%
0.00%
0.00%
0.00%
(161,584)
(52,325)
(75,829)
36,227
63,421
1.Return on equity (ROE) (D8/A)
3.94%
0.55%
0.38%
0.55%
2.20%
2.Return on assets (ROA) (D8/C)
1.66%
0.31%
0.17%
0.20%
0.92%
0.43
0.06
0.04
0.06
0.24
107.12%
110.50%
114.39%
125.39%
120.34%
33.42%
231.36%
177.51%
208.97%
43.59%
2.28%
3.83%
0.93%
0.47%
3.82%
1.Cash & bank balances to total assets (C1/C)
16.06%
28.69%
4.93%
5.60%
15.20%
2. Investment to total assets (C3/C)
23.68%
24.81%
29.00%
24.41%
23.20%
42.21%
56.59%
44.02%
36.56%
41.88%
10.88
10.87
11.16
10.84
11.00
-872.15%
-1,841.78%
-3,765.09%
1,190.50%
513.74%
3.Stock dividend/bonus shares
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
G.Liquidity ratios
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
220
Financial Statement Analysis of Financial Sector
Takaful Pakistan Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Reserves
3.Un appropriated profit
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
163,122
192,609
216,033
212,174
300,000
300,000
300,000
300,000
612,989
0
0
1,663
(4,496)
(119,628)
(85,630)
(83,330)
(161,051)
(136,878)
(107,391)
332,310
(11,211)
(20,239)
(15,678)
(6,540)
(21,485)
425,265
405,073
421,022
273,328
641,929
0
0
0
0
0
2.Outstanding claims, adv., prem., due to other insurers
274,114
299,684
177,421
211,185
303,602
3.Other/misc. liabilities
151,151
105,389
243,601
62,143
338,327
577,176
577,443
621,377
478,962
952,754
287,280
327,754
25,023
26,891
88,305
420
171
0
1,203
1,248
35,525
67,969
355,532
298,203
499,531
240,268
171,315
233,400
147,400
349,821
13,683
10,234
7,422
5,265
13,849
4.Others
B.Total liabilities (B1 to B3)
1.Balance of statutory funds
C.Total assets (C1 to C5)
1.Cash and balances with banks
2.Advances to policy holders & employees
3.Investments in securities & properties
4.Other/misc. assets
5.Fixed assets
D.Profit & loss account
15,398
13,294
11,853
20,155
7,696
2.Gross premium
274,350
333,568
219,457
149,782
375,856
3.Net premium
169,408
262,210
239,063
137,707
145,076
4.Gross claims
151,417
147,470
163,254
115,152
79,570
93,986
134,056
128,690
55,244
77,631
(27,769)
(27,163)
(23,001)
11,544
1,872
10,970
33,704
24,092
3,829
(76,319)
8,632
30,426
21,198
3,132
(77,199)
1.No. of ordinary shares (000)
30,000
30,000
30,000
30,000
61,299
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
1.Investment income
5.Net claims
6.Underwriting profit
7.Profit/(loss) before taxation
8.Profit/(loss) after taxation
E.Other items
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
(7,893)
44,642
(43,488)
(66,523)
79,133
1.Return on equity (ROE) (D8/A)
5.29%
15.80%
9.81%
1.48%
-23.23%
2.Return on assets (ROA) (D8/C)
1.50%
5.27%
3.41%
0.65%
-8.10%
0.29
1.01
0.71
0.10
-1.26
F.Efficiency ratios/profitability ratios
3.Earning per share (D8/E1) (rs. per share)
4.Net Claims Incurred Ratio (D5/D3)
5.Underwriting profit to profit after tax. (D6/D8)
6.Investment income to net premium (D1/D3)
53.83%
40.12%
53.51%
-321.70%
55.48%
-89.28%
51.13%
-108.51%
368.58%
-2.42%
9.09%
5.07%
4.96%
14.64%
5.30%
49.77%
56.76%
4.03%
5.61%
9.27%
6.15%
11.77%
57.22%
62.26%
52.43%
28.26%
33.36%
34.77%
44.30%
34.88%
5.44
6.42
7.20
7.07
5.42
-91.44%
146.72%
-205.15%
-2,123.98%
-102.51%
G.Liquidity ratios
1.Cash & bank balances to total assets (C1/C)
2. Investment to total assets (C3/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1) (Rs. per share)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D8)
221
Financial Statements Analysis of Financial Sector
2018
Housing Finance
Performance at a Glance
Housing Finance Sector showed an increase of 2.69 percent in total assets, which increased from Rs
20.33 billion in CY17 to Rs 20.88 billion in CY18. However, total equity (including others) showed a
YoY increase of 1.15 in CY18 over CY17. A significant decrease of 38.87 percent and 35.94 percent
was recorded in profit before tax and profit after tax respectively during CY18 as compared with
CY17.
Components of Balance Sheet
Total equity (including others) increased with
an amount of Rs 0.19 billion from Rs 16.71
billion in CY17 to Rs 16.93 billion in CY18. It
is observed that the share capital of House
building finance company remained same
during CY18 when compared with CY17.
Total liabilities, which increased from Rs 3.62
billion in CY17 to Rs 3.97 billion in CY18.
Total assets also increased to Rs 20.88 billion
in CY18 over Rs 20.33 billion in CY17,
showing a YoY increase of 2.69 percent. The
cash and bank balances showed a significant
decrease as it reached at Rs 0.03 billion in
CY18 from Rs 0.05 billion in CY17.
25
12
9.67
10
billion Rs
20
8
15
6
10
0
CY17
CY18
Growth(RHS)
4
2.71
5
1.20
Total
Equity
(Incl.
Others)
16.71
16.91
1.20
pe rce nt
Analysis of Balance Sheet Components
2
0
Total
Liabilities
Total
Assets
3.62
3.97
9.67
20.33
20.88
2.71
Profitability and Operating Efficiency
Revenue of housing finance sector decreased from Rs 2.28 billion in CY17 to Rs 2.24 billion in
CY18, showing a decrease of 1.78 percent over the previous year. Administrative expenses also
recorded an increase of 42.62 percent as it touched Rs 1.40 billion in CY18 from Rs 0.98 billion in
CY17 due to which profit before tax and profit after tax also posted a significant decrease during the
year. Profit before tax significantly decreased to Rs 1.25 billion in CY18 from Rs 2.02 billion in
CY17. Similarly, Profit after tax touched Rs 1.04 billion in CY18 form loss of Rs 1.63 billion in
CY17.
Profit & Loss Account
Profit and Loss Account
billion Rs
2.50
CY17
2.00
12.00%
1.50
10.00%
CY18
9.73%
9.72%
7.99%
8.00%
1.00
6.15%
6.16%
6.00%
4.99%
0.50
4.00%
Revenue
CY17
CY18
2.28
2.24
Admin. &
General
Exp.
0.98
1.40
Profit
(Loss)
before Tax
2.02
1.25
Profit
(Loss) after
Tax
1.63
1.04
2.00%
0.00%
ROE
ROCE
ROA
222
Financial Statements Analysis of Financial Sector
2018
ROE dropped during the current year i.e., 6.15 percent current year as compared to 9.73 percent in the
previous year respectively. ROCE and ROA showed a downward trend by touching 6.16 and 4.99
percent respectively in CY18 from respective position of 9.72 and 7.99 percent in CY17. The capital
ratio i.e., total assets to total equity was witnessed at 80.97 percent during CY18 in sharp contrast to
82.21 percent during previous year. Similarly, break-up value per share during CY18 was recorded at
Rs 8.74 as compared to Rs 8.63 in CY17.
223
Financial Statement Analysis of Financial Sector
Housing Finance Companies - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Statutry reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2014
2015
2016
1,880,297
(1,075,035)
(364,187)
3,001,000
3,001,000
743,439
713,662
(1,864,142)
2018
(Thousand Rupees)
2017
2018
16,711,251
16,926,069
3,001,000
19,365,000
19,365,000
713,662
1,038,728
1,246,974
(4,789,697)
(4,078,849)
(3,692,477)
(3,685,905)
344,102
320,274
16,362,314
2,173
(20,845)
19,208,274
21,437,212
4,908,344
3,616,650
3,972,657
19,208,274
21,437,212
4,908,344
3,616,650
3,972,657
0
0
0
0
0
a.Lease finance
0
0
0
0
0
b.Long term finance
0
0
0
0
0
C.Total assets (C1 + C2)
21,432,673
20,682,451
20,906,471
20,330,074
20,877,881
1.Current assets (a + b)
21,070,101
190,014
771,688
825,113
446,407
314,661
82,376
121,378
53,531
34,387
2.Non-current liabilities (a + b)
a.Cash & bank balances
20,755,440
107,638
650,310
771,582
412,020
362,572
20,492,437
20,134,783
19,504,961
20,431,474
0
0
0
0
0
362,572
20,492,437
20,134,783
19,504,961
20,431,474
1.Revenue
2,644,721
2,509,819
2,606,851
2,281,936
2,241,405
2.Admin. & general expense
1,994,239
1,703,525
1,758,099
984,643
1,404,297
3.Profit/(loss) before taxation
304,835
(728,705)
(835,867)
2,019,114
1,254,493
4.Profit/(loss) after taxation
152,169
(851,960)
(865,950)
1,625,328
1,041,230
300,100
300,100
300,100
1,936,500
1,936,500
b.Other current assets
2.Non-current assets (a + b)
a.Investment in housing finance
b.Other assets
D.Profit & loss account
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
N/A
N/A
N/A
N/A
3.Stock dividend/bonus shares
N/A
N/A
N/A
N/A
N/A
405,834
(249,704)
(319,770)
(2,788,782)
4.Cash generated from operating activities
(1,001,618)
N/A
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
8.09%
79.25%
237.78%
9.73%
6.15%
2.Return on capital employed (ROCE) (D4/C-B1)
6.84%
112.88%
-5.41%
9.72%
6.16%
3.Return on assets (ROA) (D4/C)
0.71%
-4.12%
-4.14%
7.99%
4.99%
4.Admin. expense to profit before tax. (D2/D3) (times)
6.54
-2.34
-2.10
0.49
1.12
5.Earning per share (D4/E1)
0.51
-2.84
-2.89
0.84
0.54
1.47%
0.40%
0.58%
0.26%
0.16%
1.10
0.01
0.16
0.23
0.11
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Current assets to current liabilities (C1/B1) (times)
0.90
1.04
0.23
0.18
0.19
0.00%
0.00%
0.00%
0.00%
0.00%
8.77%
-5.20%
-1.74%
82.20%
81.07%
6.27
-3.58
-1.21
8.63
8.74
1.Cash generated. from operating activities to profit after tax (E4/D4) (times)
-6.58
-0.48
0.29
-0.20
-2.68
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-0.05
0.02
-0.05
-0.09
-0.70
3.Total liabilities to total assets (B/C) (times)
4.Investment to total assets (C2a/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
224
Financial Statement Analysis of Financial Sector
HOUSE BUILDING FINANCE COMPANY LTD.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Statutry reserves
3.Accumulated profit (loss)
4.Others
B.Total liabilities (B1 + B2)
1.Current liabilities
2014
2015
2016
1,880,297
(1,075,035)
(364,187)
3,001,000
3,001,000
743,439
713,662
(1,864,142)
2018
(Thousand Rupees)
2017
2018
16,711,251
16,926,069
3,001,000
19,365,000
19,365,000
713,662
1,038,728
1,246,974
(4,789,697)
(4,078,849)
(3,692,477)
(3,685,905)
344,102
320,274
16,362,314
2,173
(20,845)
19,208,274
21,437,212
4,908,344
3,616,650
3,972,657
19,208,274
21,437,212
4,908,344
3,616,650
3,972,657
0
0
0
0
0
a.Lease finance
0
0
0
0
0
b.Long term finance
0
0
0
0
0
C.Total assets (C1 + C2)
21,432,673
20,682,451
20,906,471
20,330,074
20,877,881
1.Current assets (a + b)
21,070,101
190,014
771,688
825,113
446,407
314,661
82,376
121,378
53,531
34,387
2.Non-current liabilities (a + b)
a.Cash & bank balances
20,755,440
107,638
650,310
771,582
412,020
362,572
20,492,437
20,134,783
19,504,961
20,431,474
0
0
0
0
0
362,572
20,492,437
20,134,783
19,504,961
20,431,474
1.Revenue
2,644,721
2,509,819
2,606,851
2,281,936
2,241,405
2.Admin. & general expense
1,994,239
1,703,525
1,758,099
984,643
1,404,297
3.Profit/(loss) before taxation
304,835
(728,705)
(835,867)
2,019,114
1,254,493
4.Profit/(loss) after taxation
152,169
(851,960)
(865,950)
1,625,328
1,041,230
300,100
300,100
300,100
1,936,500
1,936,500
2.Cash dividend
0.00%
0.00%
0.00%
0.00%
0.00%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
(1,001,618)
405,834
(249,704)
(319,770)
(2,788,782)
b.Other current assets
2.Non-current assets (a + b)
a.Investment in housing finance
b.Other assets
D.Profit & loss account
E.Other items
1.No. of ordinary shares (000)
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
1.Return on equity (ROE) (D4/A)
8.09%
79.25%
237.78%
9.73%
6.15%
2.Return on capital employed (ROCE) (D4/C-B1)
6.84%
112.88%
-5.41%
9.72%
6.16%
3.Return on assets (ROA) (D4/C)
0.71%
-4.12%
-4.14%
7.99%
4.99%
4.Admin. expense to profit before tax. (D2/D3) (times)
6.54
-2.34
-2.10
0.49
1.12
5.Earning per share (D4/E1)
0.51
-2.84
-2.89
0.84
0.54
1.47%
0.40%
0.58%
0.26%
0.16%
1.10
0.01
0.16
0.23
0.11
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
2.Current assets to current liabilities (C1/B1) (times)
0.90
1.04
0.23
0.18
0.19
0.00%
0.00%
0.00%
0.00%
0.00%
8.77%
-5.20%
-1.74%
82.20%
81.07%
6.27
-3.58
-1.21
8.63
8.74
1.Cash generated. from operating activities to profit after tax (E4/D4) (times)
-6.58
-0.48
0.29
-0.20
-2.68
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
-0.05
0.02
-0.05
-0.09
-0.70
3.Total liabilities to total assets (B/C) (times)
4.Investment to total assets (C2a/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
225
Financial Statements Analysis of Financial Sector
2018
Venture Capital
Performance at a Glance
Balance sheet size of Venture Capital reduced by Rs 2.89 million or 6.24 percent decreased during
FY18 over FY17. Total assets of Venture Capital decreased from Rs 46.26 million in FY17 to Rs
43.38 million in FY18. Total liabilities also decreased from Rs 5.23 million in FY17 to Rs 3.88
million in FY18, showing YoY decline of 25.83 percent in FY18. Total equity (including others)
recorded a YoY decrease of 3.74 percent in FY18 over the previous year.
percent
million Rs
Analysis of Balance Sheet Components
Total equity showed decrease of 3.74
Components of Balance Sheet
percent in FY18 over FY17. Un-appropriate
FY 17
FY 18
Growth(RHS)
loss demonstrated a recovery of 8.12
50
0
percent in FY18. Reserves remain same at
45
Rs 0.75 million in FY18 and FY17. Total
-5
-5.78%
40
-6.24%
assets decreased by 6.24 percent in FY18
35
-10
over previous year. Share of current assets
30
in total assets remained 95.50 percent in
25
-15
FY17 and 95.75 percent in FY18. An
20
increase of 3.73 million observed in cash
-20
15
and bank balance during FY18 when
10
-25
-25.83%
compared with FY17. Total current assets
5
decreased from Rs 46.26 million in FY17 to
0
-30
Rs 43.38 million in FY18, showing 5.99
Total Equity Total Liabilities Total Assets
(Inc. Others)
percent decline in FY18. For non-current
assets, the venture investment reached at Rs 1.73 million in FY18 from Rs 1.97 million in FY17,
showing a YoY decline of 12.21 percent in FY18. Total liabilities reached at Rs 3.88 million in
FY18 from Rs 5.23 million in FY17, showing a YoY decline of 25.83 percent in FY18 over FY17.
Current liabilities touched Rs 3.69 million in FY18, with a decline of Rs 1.24 million or 25.06
percent as compared to FY17. Similarly, non-current liabilities dropped to Rs 0.18 million during
FY18 as compared to Rs 0.30 million in the previous year.
Profitability and Operating Efficiency
Revenue of the venture capital sector increased from Rs 3.50 million in FY17 to Rs 5.94 million in
FY18, witnessing a significant YoY growth of 69.71 percent in FY18. Administrative and
Profit & Loss Account
FY 17
7
5.94
6
million Rs
5
Profitability Ratios
FY 18 FY 17
FY 18
ROA
2.77%
1.73%
4.54
4
3
ROCE
3.50
2.66
2
1
1.39
0.76
3.03%
1.93%
1.20
0.80
6.36%
ROE
4.37%
0
Revenue
Admin &
Profit/(loss) Profit/(loss)
Opr. Expense
before
after taxation
taxation
0.00
0.02
0.04
percent
0.06
0.08
226
Financial Statements Analysis of Financial Sector
2018
operating expenses reached to Rs 4.54 million during FY18 from Rs 2.66 million in FY17,
registering a YoY increase of 70.76 percent.
Sharp increase in revenue resulted in high profitability for venture capital. Profits before taxation
also increased by 81.54 percent in FY18 over FY17. Profit after tax recorded an increase of 50.44
percent in FY18 when compared with FY17.
Return on assets (ROA), return on equity (ROE) and Return on capital employed (ROCE)
witnessed an increase in FY18 over FY17. ROA increased from 1.73 percent in FY17 to 2.77
percent in FY18. ROE increased from 4.37 percent in FY17 to 6.36 percent in FY18. ROCE also
increased from 1.93 percent in FY17 to 3.03 percent in FY18 over FY17. Breakup value per share
marginally increased from Rs 7.29 per share in FY17 to Rs 7.53 per share in FY18. Administrative
expenses to revenue ratio swelled from 75.91 percent in FY17 to 76.38 percent in FY18.
227
Financial Statement Analysis of Financial Sector
Venture Capital - Overall
Items
A.Total equity (A1 to A3)
1.Share capital
2.Revenue reserve
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
17,494
18,374
18,653
18,276
18,890
25,073
25,073
25,073
25,072
25,073
752
752
752
752
752
3.Unappropriated profit/loss
(8,331)
(7,451)
(7,172)
(7,548)
(6,935)
4.Others
17,724
18,118
15,697
22,759
20,609
4,594
4,680
4,824
5,226
3,876
4,572
4,680
4,488
4,928
3,693
B.Total liabilities (B1 + B2)
1.Current liabilities
22
0
336
298
183
C.Total assets (C1+C2)
39,812
41,172
39,174
46,261
43,375
1.Current assets (a + b)
36,712
38,443
36,711
44,178
41,532
2.Non-current liabilities
3,734
72
2,769
1,605
5,335
32,978
38,371
33,942
42,573
36,197
3,100
2,729
2,463
2,083
1,843
3,080
2,502
2,244
1,965
1,725
20
227
219
118
118
1.Revenue
4,935
9,000
8,000
3,500
5,940
2.Admin. & operating expense
2,854
1,966
3,125
2,657
4,537
27
21
32
23
16
4.Profit/(loss) before taxation
2,054
2,034
4,844
764
1,387
5.Profit/(loss) after taxation
1,338
1,375
1,292
799
1,202
2,507
2,507
2,507
2,507
2,507
a.Cash & bank balances
b.Others
2.Non-current assets (a + b)
a.Venture investment
b.Others
D.Profit & loss account
3.Financial charges
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
3.Stock dividend/bonus shares
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
37,015
(3,194)
3,718
(78)
2,285
1.Return on equity (ROE) (D5/A)
7.65%
7.48%
6.93%
4.37%
6.36%
2.Return on capital employed (ROCE) (D5/C-B1)
3.80%
3.77%
3.72%
1.93%
3.03%
3.Return on assets (ROA) (D5/C)
3.36%
3.34%
3.30%
1.73%
2.77%
4.Return on revenue (ROR) (D5/D1)
27.11%
15.28%
16.15%
22.83%
20.24%
5.Admin. expense to revenue (D2/D1)
57.83%
21.84%
39.06%
75.91%
76.38%
0.53
0.55
0.52
0.32
0.48
9.38%
0.17%
7.07%
3.47%
12.30%
2.Current assets to current liabilities (C1/B1) (times)
8.03
8.21
8.18
8.96
11.25
3.Total liabilities to total assets (B/C) (times)
0.12
0.11
0.12
0.11
0.09
43.94%
44.63%
47.62%
39.51%
43.55%
6.98
7.33
7.44
7.29
7.53
27.66
-2.32
2.88
-0.10
1.90
8.10
-0.68
0.83
-0.02
0.62
4.Cash generated from operating activities
F.Efficiency ratios/profitability ratios
6.Earning per share (D5/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D5) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
228
Financial Statement Analysis of Financial Sector
AKD Capital Ltd.
Items
A.Total equity (A1 to A3)
1.Share capital
2.Revenue reserve
2018
(Thousand Rupees)
2017
2018
2014
2015
2016
17,494
18,374
18,653
18,276
18,890
25,073
25,073
25,073
25,072
25,073
752
752
752
752
752
3.Unappropriated profit/loss
(8,331)
(7,451)
(7,172)
(7,548)
(6,935)
4.Others
17,724
18,118
15,697
22,759
20,609
4,594
4,680
4,824
5,226
3,876
4,572
4,680
4,488
4,928
3,693
B.Total liabilities (B1 + B2)
1.Current liabilities
22
0
336
298
183
C.Total assets (C1+C2)
39,812
41,172
39,174
46,261
43,375
1.Current assets (a + b)
36,712
38,443
36,711
44,178
41,532
2.Non-current liabilities
3,734
72
2,769
1,605
5,335
32,978
38,371
33,942
42,573
36,197
3,100
2,729
2,463
2,083
1,843
3,080
2,502
2,244
1,965
1,725
20
227
219
118
118
1.Revenue
4,935
9,000
8,000
3,500
5,940
2.Admin. & operating expense
2,854
1,966
3,125
2,657
4,537
27
21
32
23
16
4.Profit/(loss) before taxation
2,054
2,034
4,844
764
1,387
5.Profit/(loss) after taxation
1,338
1,375
1,292
799
1,202
a.Cash & bank balances
b.Others
2.Non-current assets (a + b)
a.Venture investment
b.Others
D.Profit & loss account
3.Financial charges
E.Other items
1.No. of ordinary shares (000)
2.Cash dividend
2,507
2,507
2,507
2,507
2,507
10.00%
0.00%
0.00%
0.05%
0.05%
3.Stock dividend/bonus shares
0.00%
0.00%
0.00%
0.00%
0.00%
4.Cash generated from operating activities
37,015
(3,194)
3,718
(78)
2,285
1.Return on equity (ROE) (D5/A)
7.65%
7.48%
6.93%
4.37%
6.36%
2.Return on capital employed (ROCE) (D5/C-B1)
3.80%
3.77%
3.72%
1.93%
3.03%
3.Return on assets (ROA) (D5/C)
3.36%
3.34%
3.30%
1.73%
2.77%
4.Return on revenue (ROR) (D5/D1)
27.11%
15.28%
16.15%
22.83%
20.24%
5.Admin. expense to revenue (D2/D1)
57.83%
21.84%
39.06%
75.91%
76.38%
0.53
0.55
0.52
0.32
0.48
9.38%
0.17%
7.07%
3.47%
12.30%
2.Current assets to current liabilities (C1/B1) (times)
8.03
8.21
8.18
8.96
11.25
3.Total liabilities to total assets (B/C) (times)
0.12
0.11
0.12
0.11
0.09
43.94%
44.63%
47.62%
39.51%
43.55%
6.98
7.33
7.44
7.29
7.53
27.66
-2.32
2.88
-0.10
1.90
8.10
-0.68
0.83
-0.02
0.62
F.Efficiency ratios/profitability ratios
6.Earning per share (D5/E1)
G.Liquidity ratios
1.Cash & bank balances to total assets (C1a/C)
H.Capital /leverage ratios
1.Capital ratio (A/C)
2.Break up value per share (A/E1)
I.Cash flow ratio
1.Cash generated from operating activities to profit after tax. (E4/D5) (times)
2.Cash generated from operating activities to current liabilities (E4/B1) (times)
229
Appendix
Financial Statements Analysis of Financial Sector
2018
Appendix
Companies Covered in the Financial Statements Analysis
As on 31st December 2018
Total Companies (166)
Company
Page # Company
Banks (34)*
A. Public Sector Banks (5)
Page #
17 Soneri Bank Ltd.
49
18 Standard Chartered Bank (Pakistan) Ltd.
50
1 First Women Bank Ltd.
27
19 Summit Bank Ltd.
51
2 National Bank of Pakistan
28
20 United Bank Ltd.
52
3 Sindh Bank Ltd.
29
C. Specialized Banks (4)
4 The Bank of Khyber
30
1 Industrial Development Bank Ltd.
54
5 The Bank of Punjab
31
2 SME Bank Ltd.
55
3 The Punjab Provincial Cooperative Bank Ltd.
56
4 Zarai Taraqiati Bank Ltd. (ZTBL)
57
B. Private Sector Banks (20)
1 Albaraka Bank (Pakistan) Ltd.
33
2 Allied Bank Ltd.
34
D. Foreign Banks (5)
3 Askari Bank Ltd.
35
1 Bank of China Ltd.
59
4 Bank Al-Habib Ltd.
36
2 Citi Bank N.A.
60
5 Bank Alfalah Ltd.
37
3 Deutsche Bank AG
61
6 Bankislami Pakistan Ltd.
38
4 Industrial & Commercial Bank of China Ltd.
62
7 Dubai Islamic Bank Pakistan Ltd.
39
5 MUFG Bank Ltd.
63
8 Faysal Bank Ltd.
40
9 Habib Bank Ltd.
41
Development Finance Institutions
(7)*
10 Habib Metropolitan Bank Ltd.
42
1 Pair Investment Company Ltd.
67
11 JS Bank Ltd.
43
2 Pak Brunei Investment Company Ltd.
68
12 MCB Bank Ltd.
44
3
69
13 MCB Islamic Ltd.
45
4 Pak Kuwait Investment Co. (Pvt.) Ltd.
70
14 Meezan Bank Ltd.
46
5 Pak Libya Holding Company Ltd.
71
15 Samba Bank Ltd
47
6 Pak Oman Investment Company Ltd.
72
48
Saudi Pak Industrial & Agri. Inv. Co. (Pvt.)
7
Ltd.
73
16 Silkbank Limited
Pak China Investment Company Ltd.
231
Financial Statements Analysis of Financial Sector
Company
Page # Company
Microfinance Banks (11)*
2018
Page #
5 Security Investment Bank Ltd.*
106
6 Trust Investment Bank Ltd.
107
1 Advans Pakistan Microfinance Bank Ltd.
77
2 Apna Microfinance Bank Ltd.
78
3 FINCA Microfinance Bank Ltd.
79
4 Khushhali Microfinance Bank Ltd.
80
1 Golden Arrow Selected Stocks Fund Ltd.
111
5 Mobilink Microfinance Bank Ltd.
81
2 PICIC Growth Fund
112
6 NRSP Microfinance Bank Ltd.
82
3 PICIC Investment Fund
113
7 Pak Oman Microfinance Bank Ltd.
83
4 Tri-Star Mutual Fund
114
8 SINDH Microfinance Bank Ltd.
84
9 Telenor Microfinance Bank Ltd.
85
10 The First Microfinance Bank Ltd.
86
1 Allied Rental Modaraba
118
11 U Microfinance Bank Ltd.
87
2 Awwal Modarba
119
3 B.F. Modaraba
124
Leasing Companies (8)**
Mutual Fund Companies (4)**
Modarba Companies (25)**
1 Capital Assets Leasing Corp. Ltd.
92
4 B.R.R. Guardian Modaraba
121
2 Grays Leasing Ltd.
93
5 First Al-Noor Modaraba
122
3 Orix Leasing Pakistan Ltd.
94
6 First Elite Capital Modarba
123
4 Pak-Gulf Leasing Company Ltd.
95
7 First Equity Modarba
124
5 SME Leasing Ltd.*
96
8 First Fidelity Leasing Modarba
125
6 Saudi Pak Leasing Co. Ltd.
97
9 First Habib Modarba
126
7 Security Leasing Corporation Ltd.
98
10 First Imrooz Modaraba
127
11 First National Bank Modarba
128
12 First Pak Modarba
129
13 First Paramount Modarba
130
Investment Banks (6)**
1 Escorts Investment Bank Ltd.
102
14 First Prudential Modarba
131
2 First Credit and Investment Bank
103
15 First Punjab Modarba
132
3 First Dawood Investment Bank Ltd.
104
16 First Treet Manufacturing Modarba
133
4 Invest Capital Investment Bank Ltd.
105
17 First Tri Star Modaraba
134
232
Financial Statements Analysis of Financial Sector
Company
Page # Company
2018
Page #
18 First UDL Modarba
135
18 Paracha International Exchange (Pvt.) Ltd.
163
19 IBL Modaraba
136
19 Paragon Exchange (Pvt.) Ltd.
164
20 KASB Modaraba
137
20 Ravi Exchange Company (Pvt.) Ltd.
165
21 Modaraba Al-Mali
138
21 Riaz Exchange Co. (Pvt.) Ltd.
166
22
Orix Modarba
139
22 Royal International Exchange Co. (Pvt.) Ltd.
167
23
Popular Islamic Modarba
140
23 Sadiq Exchange Co. Ltd
168
24
Sindh Modarba
141
24 Sky Exchange Company (Pvt.) Ltd.
169
25 Trust Modarba
142
25 Wall Street Exchange Company (Pvt.) Ltd.
170
26 ZeeQue Exchange Co.(Pvt.) Ltd.
171
Exchange Companies (26)*
Insurance Companies (43)*
1 AA Exchange Company (Pvt.) Ltd.
146 A.
2 Al-Hameed Int. Money Exchange (Pvt.) Ltd.
147
1 Adamjee Life Assurance Company Ltd.
177
3 Al-Rahim Exchange Company (Pvt.) Ltd.
148
2 East West Life Assurance Company Ltd.
178
4 Al-Sahara Exchange Company (Pvt.) Ltd.
149
3 EFU Life Assurance Company Ltd.
179
5 D. D Exchange Company (Pvt.) Ltd.
150
4 IGI Life Insurance Ltd.
180
6 Dollar East Exchange Company (Pvt.) Ltd.
151
5 Jubilee Life Insurance Company Ltd.
181
7
152
6 State Life Insurance Corporation Ltd.
182
8 Glaxy Exchange Company (Pvt.) Ltd.
153
7 TPL Life Insurance Ltd.
183
9 H & H Exchange Company (Pvt.) Ltd.
154
B. Non-Life Insurance Companies (31)
Fairdeal Exchange Company (Pvt.) Ltd.
Life Insurance Companies (7)
10 HBL Currency Exchange (Pvt.) Ltd.
155
1 Adamjee Insurance Company Ltd.
185
11 Habib Qatar International Exchange Pakistan
(Pvt.) Ltd.
156
2 Alfalah Insurance Company Ltd.
186
12 Link International Exchange Co. Ltd.
157
3 Allianz EFU Health Insurance Co. Ltd.
187
13 Money Link Exchange Co. (Pvt.) Ltd.
158
4 Alpha Insurance Company Ltd.
188
14 NBP Exchange Company Ltd.
159
5 Asia Insurance Company Ltd.
189
15 Noble Exchange International Co. (Pvt.) Ltd
160
6 Askari General Insurance Company Ltd.
190
16 P B S Exchange (Pvt.) Ltd.
161
7 Atlas Insurance Company Ltd.
191
17 Pakistan Currency Exchange Co. (Pvt.) Ltd.
162
8 Century Insurance Company Ltd.
192
233
Financial Statements Analysis of Financial Sector
Company
9 Chubb Insurance Pakistan Ltd.
2018
Page # Company
The Cooperative Insurance Society of
Pakistan Ltd.
Page #
193
27
10 Crescent Star Insurance Ltd
194
28 The Pakistan General Insurance Company Ltd.
11 E.F.U. General Insurance Company Ltd.
195
29
12 East West Insurance Company Ltd.
196
30 The Universal Insurance Company Ltd.
214
13 Excel Insurance Company Ltd.
197
31 UBL Insurers Ltd.
215
14 Habib Insurance Company Ltd.
198
15 IGI General Insurance Ltd.
199
16 Jubilee General Insurance Company Ltd.
200
1 Dawood Family Takaful Ltd.
217
17 New Hampshire Insurance Company Ltd.
201
2 Pak Qatar Family Takaful Ltd.
218
18 Pakistan Reinsurance Company Ltd
202
3 Pak Kuwait Takaful Company Ltd.
219
19 PICIC Insurance Ltd.
203
4 Pak Qatar General Takaful Ltd.
220
20 Premier Insurance Ltd.
204
5 Takaful Pakistan Ltd.
221
21 Reliance Insurance Company Ltd.
205
22 SPI Insurance Company Ltd.
206
23 Security General Insurance Company Ltd.
207
24 Sindh Insurance
208
25 Shaheen Insurance Company Ltd.
209
26 TPL Insurance Company Ltd
210
The United Insurance Company of Pakistan
Ltd.
211
212
213
C. Takaful Companies (5)
1
Housing Finance (1)*
House Building Finance Company Limited
1
225
Venture Capital (1)**
AKD Capital Ltd.
229
* Calender year, ** Fiscal year
234
Financial Statements Analysis of Financial Sector
2018
Explanatory Notes:








In the analysis, consolidated financial statements of a company is used to cover full potential of
the parent company; whereas standalone accounts are used for such company whoes subsidery is
covered in any other sector.
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 year’s publication.
Repeated data of any company is replaced with the actual one upon receipt of its annual report in
that year’s publication.
The symbol ‘-‘ appearing in the analytical tables stands for Not applicable or Not available.
235