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CONSOLIDATED
PROFIT AND LOSS ACCOUNT |
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FOR THE YEAR
ENDED DECEMBER 31, 2010 |
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(Restated) |
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2010 |
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2009 |
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Note |
-------(Rupees)------- |
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Mark-up/return/interest earned |
23 |
1,719,394,608 |
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2,315,589,720 |
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Mark-up/return/interest expensed |
24 |
1,399,432,726 |
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2,065,916,450 |
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Net mark-up/interest income |
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319,961,882 |
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249,673,270 |
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Provision against non-performing loans and
advances |
25 |
113,083,189 |
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304,629,834 |
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Provision for diminution in the value of
investments |
26 |
107,578,931 |
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79,170,922 |
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Provision against lendings to financial
institutions |
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(23,500,000) |
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23,500,000 |
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Bad debts written off directly |
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8,181,908 |
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5,478,785 |
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205,344,028 |
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412,779,541 |
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Net mark-up/interest income/(expense) after
provisions |
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114,617,854 |
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(163,106,271) |
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NON MARK-UP/INTEREST INCOME |
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Fee commission and brokerage income |
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343,990 |
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477,550 |
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Gain on dealing in quoted securities |
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246,485,816 |
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646,199,959 |
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Gain on dealing in mutual funds |
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13,429,077 |
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72,731,031 |
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Gain on dealing in Government securities |
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- |
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- |
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Loss from dealing in foreign currencies |
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(443,805,216) |
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(61,231,026) |
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Dividend income |
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104,331,154 |
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85,518,834 |
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Unrealized gain/(loss) on investments
classified as held-for-trading |
780,981 |
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(3,569,223) |
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Underwriting loss |
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27 |
(46,004,131) |
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(11,861,608) |
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Income from sale of development properties-net |
28 |
49,001,400 |
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- |
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Other income |
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29 |
46,506,720 |
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73,820,313 |
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Total non mark-up/interest (expense)/income |
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(28,930,209) |
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802,085,830 |
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NON MARK-UP/INTEREST EXPENSES |
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Administrative expenses |
30 |
337,342,851 |
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329,354,015 |
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Impairment loss on quoted securities |
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21,683,756 |
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276,400,826 |
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Other provisions/write offs |
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- |
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- |
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Other charges |
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31 |
731,400 |
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36,000 |
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Total non-markup/interest expenses |
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359,758,007 |
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605,790,841 |
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(LOSS)/PROFIT BEFORE TAXATION |
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(274,070,362) |
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33,188,718 |
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- urrent |
Taxation -
Current |
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39,090,300 |
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35,492,838 |
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-
Prior years |
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8,211,547 |
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(2,395,671) |
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-
Deferred |
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112,560,839 |
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(237,759,471) |
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32 |
159,862,686 |
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(204,662,304) |
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(LOSS)/PROFIT AFTER TAXATION |
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(433,933,048) |
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237,851,022 |
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Attributable to: |
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Equity holders of the parent |
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(274,968,826) |
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577,847,046 |
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Non-controlling interest |
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(158,964,222) |
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(339,996,024) |
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(433,933,048) |
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237,851,022 |
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Basic and diluted earnings per share |
33 |
(0.53) |
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1.12 |
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| CHIEF
EXECUTIVE |
DIRECTOR |
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DIRECTOR |
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CHAIRMAN |
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