MCB Bank Limited Financial Statements for the Year Ended
MCB Bank Limited Financial Statements For the year ended December 31, 2011 MCB BANK LIMITED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2011 Note 2011 2010 (Rupees in thousand) ASSETS Cash and balances with treasury banks 6 53,122,522 45,407,183 Balances with other banks 7 2,281,263 1,478,569 Lendings to financial institutions 8 955,087 4,401,781 Investments - net 9 316,651,613 213,060,882 Advances - net 10 225,801,259 254,551,589 Operating fixed assets 11 22,007,903 20,947,540 Deferred tax assets - net - - Other assets - net 12 32,413,576 27,705,069 653,233,223 567,552,613 LIABILITIES Bills payable 14 9,466,818 10,265,537 Borrowings 15 39,100,627 25,684,593 Deposits and other accounts 16 491,188,710 431,371,937 Sub-ordinated loan - - Liabilities against assets subject to finance lease - - Deferred tax liabilities - net 17 6,294,886 4,934,018 Other liabilities 18 18,379,700 16,092,319 564,430,741 488,348,404 NET ASSETS 88,802,482 79,204,209 Represented by Share capital 19 8,362,365 7,602,150 Reserves 20 42,186,467 40,162,906 Unappropriated profit 28,366,171 21,414,955 78,915,003 69,180,011 Surplus on revaluation of assets - net of tax 21 9,887,479 10,024,198 88,802,482 79,204,209 Contingencies and commitments 22 The annexed notes 1 to 46 and Annexures I to V form an integral part of these financial statements.
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