2010

2009

(Rupees)

CASH FLOW FROM OPERATING ACTIVITIES

(Loss)/ profit before taxation

    (363,717,508)

        405,192,710

Less: dividend income

      (96,159,614)

        (74,826,797)

    (459,877,122)

        330,365,913

Adjustments:

Depreciation

     112,901,011

        111,397,096

Provision against non-performing loans and advances

       15,590,740

        180,632,276

Provision for diminution in the value of investments

     395,916,969

        367,508,960

Provision against lending to financial institutions

      (23,500,000)

         23,500,000

Income from dealing in foreign currencies

           (504,287)

            (490,000)

Gain on disposal of operating fixed assets

        (1,045,470)

          (1,771,733)

Deferred income 

      (22,547,975)

        (37,657,306)

Provision for gratuity

         5,122,325

           5,113,761

Provision for compensated absences

         1,284,303

           1,532,489

Unrealized loss on revaluation as held-for-trading securities

                      -  

           3,569,223

     483,217,616

        653,334,766

       23,340,494

        983,700,679

Decrease/(increase) in operating assets

Lendings to financial institutions

  1,652,587,998

      (772,370,748)

Held-for-trading securities

     134,702,055

        (75,770,793)

Advances 

    (766,734,470)

        545,098,023

Other assets

       76,242,338

         58,642,242

  1,096,797,921

      (244,401,276)

(Decrease)/increase in operating liabilities

Borrowings from financial institutions

 (1,022,724,006)

    (2,682,784,567)

Deposits 

    (980,945,462)

     1,215,847,714

Other liabilities

      (45,550,576)

         44,315,705

Deferred liabilities 

         5,992,418

         23,770,258

 (2,043,227,626)

    (1,398,850,890)

    (923,089,211)

      (659,551,487)

Gratuity paid

        (2,841,624)

          (1,677,403)

Income tax paid

    (493,559,210)

      (148,186,913)

    (496,400,834)

      (149,864,316)

Net cash used in operating activities

 (1,419,490,045)

      (809,415,803)

CASH FLOW FROM INVESTING ACTIVITIES

Net investment in available-for-sale securities

 (1,098,633,273)

     1,885,626,185

Net investment in held-to-maturity securities

     103,313,946

      (289,339,865)

Net investment in subsidiaries

                      -  

      (583,208,501)

Dividend received

       97,463,364

         74,023,047

Investment in operating fixed assets

        (7,357,130)

        (25,084,910)

Sale proceeds from operating fixed assets

         1,107,465

           2,772,951

Net cash (used in) /from investing activities

    (904,105,628)

     1,064,788,907

CASH FLOW FROM FINANCING ACTIVITIES

Cash received against right issue

Dividend paid

                      -  

                      -  

Net cash flow from financing activities

                      -  

     1,000,000,000

(Decrease)/increase in cash and cash equivalents

 (2,323,595,673)

     1,255,373,104

Cash and cash equivalents at beginning of the year

  2,582,774,521

     1,327,401,417

Cash and cash equivalents at end of the year

     259,178,848

     2,582,774,521

DIRECTOR

 CHAIRMAN