Which associated with the following are assets of commercial? banking institutions? I. Reserves. Ii. Loans. Iii. Deposits.

Which associated with the following are assets of commercial? banking institutions? I. Reserves. Ii. Loans. Iii. Deposits.

RECORDS INTO THE REPORTS FOR THE ENDED JUNE 30, 2003
3 year. MONEY AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS REPORTS IS ACQUIRED AT RATES WHICH RANGE FROM 2 percent TO 5 percent
4. SHORT-TERM LOANS 4.1. These express loans to customers for a time period of up to 12 months on mark-up basis consequently they are guaranteed by means of lien on Certificates of Investment. The rate of mark-up ranges from 14% to 21.5per cent per year.

4.2. Included in these are cash market placements with different banks as well as other institutions that are financial. Return on these placements ranges from 5% to 13per cent.
5. OPPORTUNITIES through the current year, the organization sold four federal federal federal government securities for Rs 182.288 million. The amortised price of these federal federal government securities ended up being Rs 159.394 million as well as the profit regarding the disposal of the securities amounted to Rs 22.894 million.

The administration made a decision to offer these securities so that you can realise the gain arising on these securities beneath the interest rate environment that is reduced.

As at June 30, 2003 the investment that is remaining of company in federal government securities amounted to Rs 52.634 million.

This investment has been reclassified as ‘held for trading’ and it is calculated at reasonable value. An increase of Rs 12.946 million happens to be credited into the revenue and loss account in respect with this investment. There aren’t any assets that are financial as ‘held to readiness’ at June 30, 2003.

5.1. INFORMATION ON ASSETS IN SHARES/CERTIFICATES OF LISTED COMPANIES/MODARABAS 6. THE RETURN ON INDEXED TERM FINANCE CERTIFICATES RANGES FROM 12 per cent TO 18 percent
7. ADVANCES, BUILD UP, PREPAYMENTS AND OTHER RECEIVABLES 7.1. The utmost aggregate amount due through the leader and professionals at the conclusion of any thirty days through the year ended up being Rs 873,685 (2002: Rs 623,685) and Rs 81,302 (2002: Rs 229,232) correspondingly.
7.2. SUPPLY FOR ANY OTHER RECEIVABLES 8. LONG-TERM LOANS – CONSIDERED GOOD The above loans consist of a sum of Rs 6,668 (2002: Rs 936,200) outstanding for a time period of significantly online installment loans more than three years.

These loans are supplied to workers for sale of cars and buy of home and generally are repayable between three to 10 years. Mark-up on these loans is charged at prices which range from 2 percent to 6 per cent per year.

The utmost aggregate amount due through the leader and professionals at the conclusion of any thirty days through the 12 months had been Rs 864,200 (2002: Rs 1,728,200) and Rs 398,847 (2002: Rs 172,538) correspondingly.
9. Web INVESTMENT IN LEASES 9.1. The above mentioned includes the term that is following Certificates issued by Pakland Cement Limited (PCL) under a scheme of arrangement sanctioned by the tall Court of Sindh against rent facilities given by the business: 9.2. THE INTERIOR PRICE OF RETURN ON LEASE CONTRACTS RECEIVABLE CHIEFLY CONSIST OF 9% TO 20per cent PER YEAR
9.3. MINIMUM LEASE PAYMENTS RECEIVABLE 9.4. SUPPLY FOR POTENTIAL LEASE LOSSES 10. FIXED ASSETS 11. FUNDS UNDER MARK UP ARRANGEMNETS 11.1. The facilities designed for short-term finance amounted to Rs 85 million (2002: Rs 75 million) and carry mark-up including Re 0.0890 to Re 0.0945 per Rs 1,000 each day. These facilities are repayable on different dates by August 15, 2003.

In addition to this a facility that is un-utilised operating finance offered by a commercial bank amounted to Rs 50 million (2002: Nil). The price of mark-up about this finance is Re 0.3014 per Rs 1,000 each day. The purchase pricing is payable by 30, 2003 june.
12. CREDITORS, ACCRUED AS WELL AS OTHER LIABILITIES 12.1. Amount as a result of Saudi Pak Industrial and Agricultural Investment Company (Private) Limited, an associated undertaking, at the entire year end amounted to Rs 3,940 (2002: Rs 514,783).
13. LONG-TERM BUILD UP These security that is represent received from lessees under rent agreements and are also adjustable on expiration regarding the particular rent periods.
14. REDEEMABLE CAPITAL – (NON-PARTICIPATORY) *The mark-up prices on these funds derive from the yield on treasury bills/SBP discount rates and tend to be modified on half annual foundation.

The mark-up prices on these funds depend on the average that is weighted of final three cut-off prices of this five 12 months Pakistan Investment Bonds (PIBs), and are also modified on half-yearly foundation.

14.1. The facilities are guaranteed by hypothecation of certain leased assets and associated rent rentals. The facilities had been utilised for disbursement against leasing contracts executed by the business.

14.2. LIABILITY IN RESPECT OF TERM FINANCE Transaction price incurred on dilemma of Term Finance Certificates II was modified through the associated liability prior to the requirements for initial recognition of economic liabilities specified in Overseas Accounting Standard 39, ‘Financial Instruments: Recognition and Measurement’.

14.3. Term Finance Certificates II are guaranteed by a primary and charge that is exclusive certain current and future leased assets and their associated receivables.
15. CERTIFICATES OF INVESTMENT

The organization has granted certificates of investment underneath the permission given because of the government.

These certificates of investment are for durations including three months to five years and return on these certificates varies from 5.00 to 7.50 per cent per year. Present readiness of long-lasting certificates of investment amounting to Rs. 110,732,000 (2002: Rs 88,163,000) is roofed liabilities that are undercurrent short-term certificates of investment.
16. ISSUED, SUBSCRIBED AND PAID-UP-CAPITAL The Authorised Share Capital as at 30, 2003 amounts to Rs. 400,000,000 (2002: 400,000,000) divided into 40,000,000 (2002: 40,000,000) ordinary shares of Rs. 10 each june.
17. RESERVES 17.1. The contingency reserve happens to be developed in respect of this need raised by the Wealth Tax Officer for business Asset Tax of Rs 2,000,000 combined with the extra income tax of Rs 557,589. The business has filed a writ petition within the High Court of Sindh from this demand.

17.2. Statutory book represents earnings put aside to adhere to the Prudential Regulations for NBFCs undertaking the company of Leasing.

17.3. The reserve for deferred taxation was produced depending on certain requirements regarding the no. That is circular given by the Securities and Exchange Commission of Pakistan on September 9,1999.

The liability that is unrecognised of business for deferred taxation as at June 30, 2003 quantities to Rs Nil (2002: Rs 16.284 million).
18. COMMITMENTS 19. MONEY FROM FINANCE LEASE OPERATIONS 20. MONEY ON ASSETS 21. DIFFERENT MONEY 22. FINANCIAL ALONG WITH OTHER CHARGES 23. ADMINISTRATIVE AND OPERATING COSTS 23.1. SALARIES, ALLOWANCES AND BENEFITS INCLUDE RS. 1,533,473 (2002: RS 1,230,807) ACCORDING OF STAFF BENEFITS that are RETIREMENT. DIRECT COST OF WORKING LEASES 25. TAXATION

The taxation cost for the current 12 months represents minimum cost at 0.5per cent of revenues.
26. STAFF PENSION GRATUITY

The most recent actuarial valuation associated with the gratuity investment had been performed as at June 30, 2003. The reasonable worth of this fund’s assets and liabilities in the valuation date that is latest had been the following: Projected Unit Credit Method using the next significant assumptions had been employed for the valuation associated with the Fund: 26.1. The expense of opportunities created by the staff your retirement funds operated by the business according to their audited reports as at June 30, 2003 can be follows: 27. TRANSACTIONS WITH ASSOCIATED UNDERTAKINGS 28. REMUNERATION OF CHIEF EXECUTIVE AND EXECUTIVES

The amount that is aggregate during these makes up remuneration including all benefits, to your Chief Executive and Executives is really as follows: Certain professionals are supplied with free usage of business maintained vehicles.

The above mentioned remuneration of leader relates to the ex-Chief Executive Officer of this business whom ceased to put up workplace w.e.f. April 30, 2003.

Keep encashment can be payable to him depending on the regards to their work agreement.
29. EARNINGS PER SHARE 30. CASH GENERATED FROM OPERATIONS 31. CASH AND MONEY EQUIVALENTS

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