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PROFIT AND LOSS
ACCOUNT |
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FOR THE YEAR
ENDED DECEMBER 31, 2010 |
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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 |
1,425,414,054 |
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1,870,369,880 |
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Mark-up/return/interest expensed |
24 |
1,114,352,982 |
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1,428,082,033 |
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Net mark-up/interest income |
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311,061,072 |
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442,287,847 |
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Provision against non-performing loans and
advances |
25 |
15,590,740 |
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180,632,276 |
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Provision for diminution in the value of
investments |
26 |
395,916,969 |
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367,508,960 |
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Provision against lendings to financial
institutions |
8 |
(23,500,000) |
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23,500,000 |
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Bad debts written off directly |
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- |
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- |
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388,007,709 |
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571,641,236 |
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Net mark-up/interest expense after provisions |
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(76,946,637) |
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(129,353,389) |
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NON MARK-UP/INTEREST INCOME |
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Fee, commission and brokerage income |
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- |
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- |
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Dividend income |
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96,159,614 |
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74,826,797 |
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Loss from dealing in foreign currencies |
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(443,799,545) |
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(61,542,009) |
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Gain on dealing in quoted securities |
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240,048,191 |
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599,596,982 |
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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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Unrealized loss on revaluation of investment
classified as held-for-trading |
- |
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(3,569,223) |
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Other income |
|
27 |
25,346,608 |
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48,769,899 |
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Total non mark-up/interest income |
|
(68,816,055) |
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730,813,477 |
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NON MARK-UP/INTEREST EXPENSES |
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Administrative expenses |
|
28 |
217,223,416 |
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196,231,378 |
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Other provisions/write offs |
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- |
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- |
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Other charges |
|
29 |
731,400 |
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36,000 |
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Total non-markup/interest expenses |
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217,954,816 |
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196,267,378 |
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Extra ordinary/unusual items |
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- |
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- |
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(LOSS)/PROFIT BEFORE TAXATION |
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(363,717,508) |
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405,192,710 |
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- Current |
Taxation - Current |
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26,021,402 |
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25,439,451 |
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- Prior
years |
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10,402,608 |
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- |
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-
Deferred |
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|
103,709,305 |
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(39,150,835) |
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|
30 |
140,133,315 |
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(13,711,384) |
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(LOSS)/PROFIT AFTER TAXATION |
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(503,850,823) |
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418,904,094 |
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Basic and diluted earnings per share-Rupees |
31 |
(0.84) |
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0.81 |
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CHIEF EXECUTIVE |
DIRECTOR |
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DIRECTOR |
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CHAIRMAN |
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