SAUDI PAK INDUSTRIAL AND AGRICULTURAL INVESTMENT COMPANY LIMITED |
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PROFIT AND LOSS
ACCOUNT FOR THE PERIOD ENDED MARCH 31, 2010
(UNAUDITED) |
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(Figures in Pak Rs) |
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CURRENT |
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CURRENT |
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PRIOR YEAR |
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PRIOR |
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QUARTER |
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QUARTER ENDED |
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QUARTER |
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QUARTER ENDED |
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JAN-MAR |
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MARCH 31, |
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JAN-MAR |
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MARCH 31, |
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2010 |
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2010 |
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2009 |
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2009 |
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Mark-up/Return/Interest
Earned |
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366,961,589 |
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366,961,589 |
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541,586,367 |
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541,586,367 |
Mark-up/Return/Interest
Expensed |
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260,480,370 |
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260,480,370 |
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441,602,228 |
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441,602,228 |
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Net mark-up Interest Income |
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106,481,219 |
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106,481,219 |
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99,984,139 |
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99,984,139 |
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Provision against non-performing loans and
advances |
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(29,546,267) |
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(29,546,267) |
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160,793,810 |
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160,793,810 |
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Provisions for diminution in the value of
investments |
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- |
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- |
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(2,725,785) |
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(2,725,785) |
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Provisions against lending to financial
institutions |
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- |
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- |
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- |
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- |
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Bad debts written off directly |
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- |
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- |
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- |
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- |
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(29,546,267) |
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(29,546,267) |
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158,068,025 |
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158,068,025 |
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Net Mark-up/ Interest Income after provisions |
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136,027,486 |
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136,027,486 |
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(58,083,886) |
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(58,083,886) |
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NON
MARK-UP/INTEREST INCOME |
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Gain on dealing in quoted securities/impairment
reversal |
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93,196,080 |
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93,196,080 |
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45,417,482 |
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45,417,482 |
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Gain on dealing in mutual funds |
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10,357,701 |
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10,357,701 |
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8,730,069 |
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8,730,069 |
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Gain/(loss) from trading in government
securities |
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- |
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- |
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- |
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- |
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Dividend Income |
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23,333,600 |
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23,333,600 |
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15,239,023 |
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15,239,023 |
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(Loss)/gain from dealing in foreign currencies |
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(33,167,167) |
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(33,167,167) |
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68,222,498 |
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68,222,498 |
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Unrealized (loss)/gain on revaluation of
investment - HFT |
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(5,283,996) |
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(5,283,996) |
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1,716,024 |
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1,716,024 |
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Other income |
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10,169,704 |
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10,169,704 |
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10,795,137 |
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10,795,137 |
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Total non mark-up/interest Income |
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98,605,922 |
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98,605,922 |
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150,120,233 |
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150,120,233 |
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NON
MARK-UP/INTEREST EXPENSES |
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Administrative expenses |
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47,919,352 |
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47,919,352 |
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44,711,895 |
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44,711,895 |
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Other provisions/write offs |
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- |
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- |
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- |
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- |
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Other charges |
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- |
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- |
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- |
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- |
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Total non mark-up/interest expenses |
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47,919,352 |
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47,919,352 |
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44,711,895 |
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44,711,895 |
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50,686,570 |
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50,686,570 |
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105,408,338 |
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105,408,338 |
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PROFIT/(LOSS)
BEFORE TAXATION |
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186,714,056 |
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186,714,056 |
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47,324,452 |
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47,324,452 |
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Taxation |
- Current |
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5,136,168 |
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5,136,168 |
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2,500,000 |
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2,500,000 |
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- Prior years |
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- |
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- |
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- |
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- |
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- Deferred |
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- |
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- |
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- |
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- |
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5,136,168 |
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5,136,168 |
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2,500,000 |
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2,500,000 |
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PROFIT/(LOSS)
AFTER TAXATION |
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181,577,888 |
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181,577,888 |
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44,824,452 |
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44,824,452 |
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Unappropriated/unremitted profit/(loss) brought
forward |
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- |
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- |
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- |
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- |
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Profit available for appropriation/unremitted
profit/(loss) |
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181,577,888 |
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181,577,888 |
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44,824,452 |
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44,824,452 |
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UNAPPROPRIATED
PROFIT CARRIED FORWARD |
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181,577,888 |
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181,577,888 |
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44,824,452 |
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44,824,452 |
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Earning Per
Share (Rupees) |
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(Notional value
Rs.10/= per share) |
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0.30 |
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0.30 |
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0.09 |
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0.09 |
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The annexed
notes 1 to 8 form an integral part of these accounts |
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__________________________ |
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Genaral Manager/Chief Executive |
Director |
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Director |
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Chairman |
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