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CASH FLOW
STATEMENT |
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FOR THE YEAR
ENDED DECEMBER 31, 2009 |
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2009 |
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2008 |
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Note |
-------(Rupees)------- |
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CASH FLOW FROM OPERATING ACTIVITIES |
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Profit before taxation |
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405,192,710 |
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4,408,648,141 |
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Less: dividend income |
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(74,826,797) |
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(107,424,208) |
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Mark-up/return/interest earned |
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(1,870,369,880) |
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1,946,874,073 |
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(1,945,196,677) |
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1,839,449,865 |
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(1,540,003,967) |
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6,248,098,006 |
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Adjustments: |
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Mark-up/return/interest expensed |
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1,428,082,033 |
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1,711,055,897 |
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Depreciation |
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111,397,096 |
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106,985,657 |
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Provision against non-performing loans and
advances |
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180,632,276 |
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603,300,550 |
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Provision for diminution in the value of
investments |
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367,508,960 |
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34,118,441 |
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Provision against lending to financial
institutions |
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23,500,000 |
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- |
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Impairment loss on quoted securities |
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- |
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1,903,811,179 |
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Income from dealing in foreign currencies |
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(490,000) |
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(559,775,400) |
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Gain on disposal of operating fixed assets |
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(1,771,733) |
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(1,361,677) |
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Deferred income |
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(37,657,306) |
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(39,028,866) |
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Provision/ (reversal) for gratuity |
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5,113,761 |
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(4,229,589) |
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Provision/ (reversal) for compensated absences |
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1,532,489 |
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(984,337) |
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Unrealized loss on revaluation of investment classified as held
for trading |
3,569,223 |
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1,843,015 |
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2,081,416,799 |
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3,755,734,870 |
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541,412,832 |
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10,003,832,876 |
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Decrease/(Increase) in operating assets |
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Lendings to financial institutions |
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(772,370,748) |
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660,000,000 |
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Held-for-trading securities |
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(75,770,793) |
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271,205,191 |
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Advances |
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545,098,023 |
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(162,246,023) |
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Other assets |
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60,492,229 |
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681,476,290 |
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(242,551,289) |
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1,450,435,458 |
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(Decrease)/Increase in operating liabilities |
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Borrowings from financial institutions |
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(2,682,784,567) |
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900,946,711 |
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Deposits |
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1,215,847,714 |
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(2,806,536,436) |
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Other liabilities |
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(12,376,807) |
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(18,253,714) |
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Deferred liabilities |
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23,770,258 |
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48,695,232 |
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(1,455,543,402) |
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(1,875,148,207) |
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(1,156,681,859) |
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9,579,120,127 |
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Mark-up/return/interest received |
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1,868,519,893 |
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(2,228,073,092) |
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Mark-up/return/interest paid |
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(1,371,389,521) |
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(1,816,442,899) |
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Gratuity paid |
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(1,677,403) |
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(1,420,592) |
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Income tax paid |
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(148,186,913) |
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(24,710,053) |
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347,266,056 |
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(4,070,646,636) |
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Net cash flow from operating activities |
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(809,415,803) |
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5,508,473,491 |
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CASH FLOW FROM INVESTING ACTIVITIES |
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Net investment in available for sale
securities |
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1,885,626,185 |
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(4,208,869,544) |
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Net investment in held to maturity securities |
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(289,339,865) |
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(22,578,279) |
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Net investment in subsidiaries |
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(583,208,501) |
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2,501,328,548 |
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Dividend received |
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74,023,047 |
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111,016,996 |
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Investment in operating fixed assets |
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(25,084,910) |
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(44,653,769) |
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Sale proceeds from operating fixed assets |
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2,772,951 |
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2,183,391 |
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Net cash flow from/ (used) in investing
activities |
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1,064,788,907 |
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(1,661,572,657) |
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CASH FLOW FROM FINANCING ACTIVITIES |
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Cash received against right issue |
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1,000,000,000 |
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1,000,000,000 |
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Dividend paid |
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- |
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(6,000,000,000) |
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Net cash flow from/(used) in financing
activities |
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1,000,000,000 |
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(5,000,000,000) |
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Increase/(decrease) in cash and cash
equivalents |
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1,255,373,104 |
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(1,153,099,166) |
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Cash and cash equivalents at beginning of the
year |
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1,327,401,417 |
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2,480,500,583 |
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Cash and cash equivalents at end of the year |
31 |
2,582,774,521 |
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1,327,401,417 |
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The annexed notes 1 to 43 form an integral
part of these financial statements. |
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| CHIEF
EXECUTIVE DIRECTOR |
DIRECTOR |
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CHAIRMAN |
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