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PROFIT AND
LOSS ACCOUNT |
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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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Mark-up/return/interest earned |
23 |
1,870,369,880 |
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1,947,436,661 |
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Mark-up/return/interest expensed |
24 |
1,428,082,033 |
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1,711,055,897 |
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Net mark-up/return/interest income |
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442,287,847 |
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236,380,764 |
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Provision against non-performing loans and
advances |
25 |
180,632,276 |
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603,300,550 |
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Provision for diminution in the value of
investments |
26 |
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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Bad debts written off directly |
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- |
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5,700,775 |
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571,641,236 |
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643,119,766 |
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Net mark-up/return/interest expense after
provisions |
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(129,353,389) |
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(406,739,002) |
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NON MARK-UP/RETURN/INTEREST INCOME |
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Gain on dealing in quoted securities |
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599,596,982 |
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6,279,756,610 |
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Gain/(Loss) on dealing in mutual funds |
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72,731,031 |
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(38,140,615) |
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Gain on dealing in Government securities |
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- |
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237,013 |
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(Loss)/gain from dealing in foreign currencies |
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(61,542,009) |
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559,775,400 |
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Dividend income |
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74,826,797 |
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107,424,208 |
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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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Other income |
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27 |
48,769,899 |
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42,561,052 |
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Total non mark-up/return/interest income |
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730,813,477 |
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6,949,770,653 |
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NON MARK-UP/RETURN/INTEREST EXPENSES |
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Administrative expenses |
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28 |
196,267,378 |
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184,006,388 |
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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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Other provisions/write offs |
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- |
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- |
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Other charges for divestment of subsidiary |
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- |
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46,565,943 |
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Total non-markup/return/interest expenses |
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196,267,378 |
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2,134,383,510 |
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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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urrent |
Taxation - Current |
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(25,439,451) |
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(28,466,735) |
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-
Prior years |
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- |
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- |
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-
Deferred |
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39,150,835 |
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46,432,379 |
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29 |
13,711,384 |
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17,965,644 |
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PROFIT AFTER TAXATION |
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418,904,094 |
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4,426,613,785 |
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Basic/ diluted earnings per share-Rupees |
30 |
0.81 |
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10.62 |
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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 |
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DIRECTOR |
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CHAIRMAN |
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