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UNCONSOLIDATED STATEMENT of FINANCIAL POSITION AS at 31 DECEMBER 2018 Note 2018 2017 (Restated) Rupees in ‘000

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UNCONSOLIDATED STATEMENT of FINANCIAL POSITION AS at 31 DECEMBER 2018 Note 2018 2017 (Restated) Rupees in ‘000 UNCONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 Note 2018 2017 (Restated) Rupees in ‘000 ASSETS Cash and balances with treasury banks 6 48,177,009 42,281,977 Balances with other banks 7 1,115,557 1,100,929 Lendings to financial institutions 8 11,984,795 10,914,805 Investments 9 346,665,904 396,636,990 Advances 10 226,689,617 174,319,286 Fixed assets 11 3,899,579 3,131,575 Intangible assets 12 121,442 224,287 Deferred tax assets 13 5,821,182 2,835,318 Other assets 14 28,920,696 29,220,604 673,395,781 660,665,771 LIABILITIES Bills payable 15 12,173,407 19,643,603 Borrowings 16 51,347,381 64,038,646 Deposits and other accounts 17 543,577,510 508,103,951 Liabilities against assets subject to finance lease – – Sub-ordinated debts – – Deferred tax liabilities – – Other liabilities 18 29,295,527 28,381,316 636,393,825 620,167,516 NET ASSETS 37,001,956 40,498,255 REPRESENTED BY Share capital 19 10,478,315 10,478,315 Reserves 16,267,793 15,035,676 (Deficit) / surplus on revaluation of assets - net of tax 20 (5,573,656) 941,698 Unappropriated profit 15,829,504 14,042,566 37,001,956 40,498,255 CONTINGENCIES AND COMMITMENTS 21 The annexed notes 1 to 44 and annexures I & II form an integral part of these unconsolidated financial statements. FUZAIL ABBAS MOHSIN A. NATHANI TARIQ IKRAM SOHAIL HASSAN MOHAMEDALI R. HABIB Chief Financial Officer President & Director Director Chairman Chief Executive Officer 28 UNCONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2018 Note 2018 2017 Rupees in ‘000 Mark-up / return / interest earned 23 42,520,197 33,838,124 Mark-up / return / interest expensed 24 (26,297,463) (19,867,170) Net mark-up / interest income 16,222,734 13,970,954 Non mark-up / interest income Fee and commission income 25 3,810,400 3,390,034 Dividend income 92,587 480,251 Foreign exchange income 1,498,410 1,171,725 Income / (loss) from derivatives – – Gain / (loss) on securities 26 102,229 380,381 Other income 27 570,389 221,367 Total non mark-up / interest income 6,074,015 5,643,758 Total income 22,296,749 19,614,712 Non mark-up / interest expenses Operating expenses 28 11,616,837 10,420,061 Workers’ welfare fund 192,000 175,000 Other charges 29 31,105 3,229 Total non-mark-up / interest expenses (11,839,942) (10,598,290) Profit before provisions 10,456,807 9,016,422 (Provisions) / reversal and write offs - net 30 (382,429) 112,662 Extra ordinary / unusual items – – Profit before taxation 10,074,378 9,129,084 Taxation 31 (3,913,794) (3,620,078) Profit after taxation 6,160,584 5,509,006 Rupees Basic and diluted earnings per share 32 5.88 5.26 The annexed notes 1 to 44 and annexures I & II form an integral part of these unconsolidated financial statements. FUZAIL ABBAS MOHSIN A. NATHANI TARIQ IKRAM SOHAIL HASSAN MOHAMEDALI R. HABIB Chief Financial Officer President & Director Director Chairman Chief Executive Officer 29 UNCONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2018 2018 2017 (Restated) Rupees in ‘000 Profit after taxation 6,160,584 5,509,006 Other comprehensive income Items that may be reclassified to profit and loss in subsequent periods: Movement in (deficit) / surplus on revaluation of investments - net of tax (6,512,484) (1,591,076) Items that will not be reclassified to profit and loss in subsequent periods: Remeasurement (loss) / gain on defined benefit obligations - net of tax (905) 54 Movement in surplus on revaluation of non-banking assets - net of tax (2,870) 27,653 (3,775) 27,707 Total comprehensive income (355,675) 3,945,637 The annexed notes 1 to 44 and annexures I & II form an integral part of these unconsolidated financial statements. FUZAIL ABBAS MOHSIN A. NATHANI TARIQ IKRAM SOHAIL HASSAN MOHAMEDALI R. HABIB Chief Financial Officer President & Director Director Chairman Chief Executive Officer 30 UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2018 Surplus / (deficit) on Reserves revaluation Un- Share Share Statutory Special Revenue Non-banking appropriated Total capital premium reserve reserve reserve Investments assets profit Rupees in ‘000 Opening balance as at 1 January 2017 - as previously reported 10,478,315 2,550,985 9,642,529 240,361 1,500,000 – – 12,753,139 37,165,329 Effect of retrospective change in presentation - net of tax (note 2.3.1) – – – – – 2,350,443 154,678 – 2,505,121 Opening balance as at 1 January 2017 (restated) 10,478,315 2,550,985 9,642,529 240,361 1,500,000 2,350,443 154,678 12,753,139 39,670,450 Profit after taxation – – – – – – – 5,509,006 5,509,006 Other comprehensive income - net of tax – – – – – (1,591,076) 53,315 54 (1,537,707) Transfer to statutory reserve – – 1,101,801 – – – – (1,101,801) – Transfer from surplus on revaluation of assets to unappropriated profit - net of tax – – – – – – (25,662) 25,662 – Transactions with owners, recorded directly in equity Cash dividend (Rs.3.00 per share) for the year ended 31 December 2016 – – – – – – – (3,143,494) (3,143,494) Balance as at 31 December 2017 (restated) 10,478,315 2,550,985 10,744,330 240,361 1,500,000 759,367 182,331 14,042,566 40,498,255 Profit after taxation – – – – – – – 6,160,584 6,160,584 Other comprehensive income - net of tax – – – – – (6,512,484) – (905) (6,513,389) Transfer to statutory reserve – – 1,232,117 – – – – (1,232,117) – Transfer from surplus on revaluation of assets to unappropriated profit - net of tax – – – – – – (2,870) 2,870 – Transactions with owners, recorded directly in equity Cash dividend (Rs. 3.00 per share) for the year ended 31 December 2017 – – – – – – – (3,143,494) (3,143,494) Balance as at 31 December 2018 10,478,315 2,550,985 11,976,447 240,361 1,500,000 (5,753,117) 179,461 15,829,504 37,001,956 The annexed notes 1 to 44 and annexures I & II form an integral part of these unconsolidated financial statements. FUZAIL ABBAS MOHSIN A. NATHANI TARIQ IKRAM SOHAIL HASSAN MOHAMEDALI R. HABIB Chief Financial Officer President & Director Director Chairman Chief Executive Officer 31 UNCONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2018 Note 2018 2017 (Restated) Rupees in ‘000 CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation 10,074,378 9,129,084 Less: Dividend income (92,587) (480,251) 9,981,791 8,648,833 Adjustments Depreciation on fixed assets 11.2 814,045 752,927 Depreciation on non-banking assets 14.1.1 12,044 22,461 Amortization 12 128,406 103,099 Provisions and write offs (excluding recovery of written off bad debts) 30 476,140 (74,874) Net (gain) on sale of fixed assets (8,251) (13,692) Net (gain) / loss on sale of non-banking assets 27 (202,282) 51,073 (Gain) on sale of non-current assets held for sale 27 (35,042) – Provision against workers’ welfare fund 192,000 175,000 Provision against compensated absences 28.1 76,325 60,505 Provision against defined benefit plan 35.8 146,968 136,520 1,600,353 1,213,019 11,582,144 9,861,852 (Increase) / decrease in operating assets Lendings to financial institutions (1,069,990) 5,836,081 Advances (52,802,142) (31,088,213) Other assets (excluding current taxation and dividend) (2,374,861) (4,024,569) (56,246,993) (29,276,701) Increase / (decrease) in operating liabilities Bills payable (7,470,196) 11,534,970 Borrowings from financial institutions (14,068,692) 25,912,342 Deposits and other accounts 35,473,559 77,215,915 Other liabilities (excluding dividend) 2,416,253 1,191,925 16,350,924 115,855,152 (28,313,925) 96,440,303 Payment against compensated absences (71,032) (44,461) Contribution made to defined benefit plan (146,968) (136,574) Income tax paid (3,076,799) (3,756,301) Net cash flow (used in) / generated from operating activities (31,608,724) 92,502,967 CASH FLOWS FROM INVESTING ACTIVITIES Net investments in available-for-sale securities 41,314,859 (74,660,129) Net investments in held-to-maturity securities (1,448,559) (9,968,754) Net investments in subsidiary – (180,000) Dividend received 153,063 421,112 Investments in fixed assets (1,594,250) (830,141) Investments in intangibles assets (25,561) (136,876) Proceeds from sale of fixed assets 20,452 15,197 Proceeds from sale of non-banking assets 600,000 500,000 Proceeds from sale of non-current assets held for sale 250,000 – Net cash flow generated from / (used in) investing activities 39,270,004 (84,839,591) CASH FLOWS FROM FINANCING ACTIVITIES Dividend paid (3,129,047) (3,112,424) Net cash used in financing activities (3,129,047) (3,112,424) Increase in cash and cash equivalents 4,532,233 4,550,952 Cash and cash equivalents at beginning of the year 41,571,637 37,020,685 Cash and cash equivalents at end of the year 33 46,103,870 41,571,637 The annexed notes 1 to 44 and annexures I & II form an integral part of these unconsolidated financial statements. FUZAIL ABBAS MOHSIN A. NATHANI TARIQ IKRAM SOHAIL HASSAN MOHAMEDALI R. HABIB Chief Financial Officer President & Director Director Chairman Chief Executive Officer 32 NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 1.
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