| |
SAUDI PAK
INDUSTRIAL AND AGRICULTURAL INVESTMENT COMPANY LIMITED |
|
CONDENSED INTERIM UNCONSOLIDATED PROFIT AND
LOSS ACCOUNT [UN-AUDITED] |
|
|
|
|
|
FOR THE QUARTER ENDED MARCH 31, 2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Figures in Pak Rs) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT |
|
CURRENT |
|
PRIOR YEAR |
|
PRIOR YEAR |
|
|
|
|
|
|
QUARTER |
|
QUARTER ENDED |
|
QUARTER |
|
QUARTER ENDED |
|
|
|
|
|
|
JAN - MAR |
|
MARCH 31, |
|
JAN - MAR |
|
MARCH 31, |
|
|
|
|
|
Note |
2011 |
|
2011 |
|
2010 |
|
2010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mark-up/Return/Interest Earned |
14 |
335,303,440 |
|
335,303,440 |
|
366,961,589 |
|
366,961,589 |
|
Mark-up/Return/Interest Expensed |
15 |
261,669,758 |
|
261,669,758 |
|
260,480,370 |
|
260,480,370 |
|
|
Net mark-up/Interest Income |
|
73,633,682 |
|
73,633,682 |
|
106,481,219 |
|
106,481,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provision against non-performing loans and
advances |
|
(20,668,029) |
|
(20,668,029) |
|
(29,546,267) |
|
(29,546,267) |
|
|
Provisions for diminution in the value of
investments |
|
- |
|
- |
|
- |
|
- |
|
|
Provisions against lending to financial
institutions |
|
- |
|
- |
|
- |
|
- |
|
|
Bad debts written off directly |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
(20,668,029) |
|
(20,668,029) |
|
(29,546,267) |
|
(29,546,267) |
|
|
|
Net Mark-up/ Interest Income after provisions |
|
94,301,711 |
|
94,301,711 |
|
136,027,486 |
|
136,027,486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON MARK-UP/INTEREST INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gain on dealing in quoted
securities/impairment reversal |
|
28,480,963 |
|
28,480,963 |
|
93,196,080 |
|
93,196,080 |
|
|
Gain on dealing in mutual funds |
|
19,490,656 |
|
19,490,656 |
|
10,357,701 |
|
10,357,701 |
|
|
Gain/(loss) from trading in government
securities |
|
- |
|
- |
|
- |
|
- |
|
|
Dividend Income |
|
21,180,723 |
|
21,180,723 |
|
23,333,600 |
|
23,333,600 |
|
|
Unrealized loss on revaluation of investment -
HFT |
|
(4,403,476) |
|
(4,403,476) |
|
(5,283,996) |
|
(5,283,996) |
|
|
Loss from dealing in foreign currencies |
|
(125,320,884) |
|
(125,320,884) |
|
(33,167,167) |
|
(33,167,167) |
|
|
Other income |
|
11,598,648 |
|
11,598,648 |
|
10,169,704 |
|
10,169,704 |
|
|
|
Total non mark-up/interest Income |
|
(48,973,370) |
|
(48,973,370) |
|
98,605,922 |
|
98,605,922 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON MARK-UP/INTEREST EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative expenses |
|
40,288,386 |
|
40,288,386 |
|
47,919,352 |
|
47,919,352 |
|
|
Other provisions/write offs |
|
- |
|
- |
|
- |
|
- |
|
|
Other charges |
|
- |
|
- |
|
- |
|
- |
|
|
|
Total non mark-up/interest expenses |
|
40,288,386 |
|
40,288,386 |
|
47,919,352 |
|
47,919,352 |
|
|
|
|
|
|
(89,261,756) |
|
(89,261,756) |
|
50,686,570 |
|
50,686,570 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAXATION |
|
5,039,955 |
|
5,039,955 |
|
186,714,056 |
|
186,714,056 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxation |
- Current |
|
4,736,074 |
|
4,736,074 |
|
5,136,168 |
|
5,136,168 |
|
|
|
|
- Prior years |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
- Deferred |
|
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
4,736,074 |
|
4,736,074 |
|
5,136,168 |
|
5,136,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAXATION |
|
303,881 |
|
303,881 |
|
181,577,888 |
|
181,577,888 |
|
|
Unappropriated/unremitted profit/(loss)
brought forward |
|
- |
|
- |
|
- |
|
- |
|
|
Profit available for appropriation/unremitted
profit/(loss) |
|
303,881 |
|
303,881 |
|
181,577,888 |
|
181,577,888 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAPPROPRIATED PROFIT CARRIED FORWARD |
|
303,881 |
|
303,881 |
|
181,577,888 |
|
181,577,888 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earning Per Share (Rupees) |
|
|
|
|
|
|
|
|
|
(Notional value Rs.10/= par share) |
|
0.001 |
|
0.001 |
|
0.303 |
|
0.303 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
__________________________ |
|
|
|
|
|
|
|
|
|
|
Genaral Manager/Chief Executive |
Director |
|
|
Director |
|
|
|
Chairman |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
