Interim Profit Loss
Interim Profit Loss
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CONDENSED
INTERIM PROFIT AND LOSS ACCOUNT [UN-AUDITED] |
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FOR THE SIX
MONTHS ENDED JUNE 30, 2009 |
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CURRENT |
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THREE MONTHS |
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SIX MONTHS |
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THREE MONTHS |
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SIX MONTHS |
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PERIOD |
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ENDED |
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ENDED |
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PRIOR YEAR |
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ENDED |
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ENDED |
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Note |
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MARCH 31, |
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JUNE 30, |
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JUNE 30, |
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MARCH 31, |
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JUNE 30, |
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JUNE 30, |
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2008 |
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2009 |
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2009 |
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2007 |
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2008 |
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2008 |
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--------------------------------------(Rupees
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Mark-up/return/interest
earned |
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####### |
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371,932,941 |
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913,519,308 |
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283,852 |
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465,750,137 |
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839,761,127 |
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Mark-up/return/interest
expensed |
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####### |
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345,112,289 |
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786,714,517 |
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308,162 |
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338,584,622 |
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743,241,200 |
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Net mark-up Interest Income |
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####### |
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26,820,652 |
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126,804,791 |
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(24,310) |
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127,165,515 |
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96,519,927 |
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Provision against non-performing loans and
advances |
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####### |
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121,450,658 |
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282,244,468 |
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(17,592) |
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265,691,853 |
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333,174,604 |
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Provision for diminution in the value of
investments |
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38,801,715 |
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36,075,930 |
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- |
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5,000,000 |
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5,000,000 |
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Bad debts written off directly |
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####### |
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- |
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5,700,775 |
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####### |
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160,252,373 |
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318,320,398 |
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(17,592) |
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270,691,853 |
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343,875,379 |
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Net mark-up/ interest Income after provisions |
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####### |
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(133,431,721) |
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(191,515,607) |
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(6,718) |
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(143,526,338) |
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(247,355,452) |
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NON
MARK-UP/INTEREST INCOME |
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Gain on dealing in quoted securities |
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####### |
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202,445,555 |
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249,706,052 |
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76,102 |
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45,018,387 |
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6,505,560,994 |
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Gain on dealing in mutual funds |
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####### |
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22,732,695 |
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31,462,764 |
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755 |
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34,182,841 |
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55,285,398 |
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Income/(loss) from trading in government
securities |
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237,013 |
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Income/(loss) from dealing in foreign currencies |
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(77,766,785) |
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(9,544,287) |
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218,913,327 |
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285,957,586 |
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Dividend Income |
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####### |
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15,362,495 |
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30,601,518 |
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30,136 |
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15,466,430 |
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35,510,567 |
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Other income |
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####### |
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17,585,670 |
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28,380,807 |
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6,249 |
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7,206,851 |
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21,196,600 |
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Total non mark-up/interest Income |
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####### |
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180,359,630 |
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330,606,854 |
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113,242 |
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320,787,836 |
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6,903,748,158 |
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NON
MARK-UP/INTEREST EXPENSES |
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Administrative expenses |
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####### |
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51,303,132 |
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96,015,027 |
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31,927 |
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22,288,939 |
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75,831,745 |
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Other provisions/write offs |
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- |
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Other charges for divestment of subsidiary |
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44,065,943 |
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44,065,943 |
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Total non mark-up/interest expenses |
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####### |
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51,303,132 |
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96,015,027 |
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31,927 |
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66,354,882 |
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119,897,688 |
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####### |
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129,056,498 |
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234,591,827 |
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81,315 |
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254,432,954 |
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6,783,850,470 |
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(Deficit)/surplus on revaluation on securities |
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####### |
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(7,355,650) |
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(7,482,641) |
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(62,607) |
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(145,509,477) |
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(120,496,620) |
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| PROFIT/(LOSS)
BEFORE TAXATION |
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####### |
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(11,730,873) |
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35,593,579 |
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11,990 |
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(34,602,861) |
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6,415,998,398 |
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Taxation |
- Current |
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####### |
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6,953,231 |
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9,453,231 |
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1,419 |
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(645,818,399) |
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4,181,601 |
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- Prior years |
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- Deferred |
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(49,732,263) |
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(49,732,263) |
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- |
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(24,516,773) |
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(24,516,773) |
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####### |
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(42,779,032) |
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(40,279,032) |
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1,419 |
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(670,335,172) |
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(20,335,172) |
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PROFIT/(LOSS)
AFTER TAXATION |
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####### |
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31,048,159 |
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75,872,611 |
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10,571 |
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635,732,311 |
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6,436,333,570 |
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Earnings Per
Share - basic and diluted (Rupees) |
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#REF! |
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0.06 |
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0.15 |
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#REF! |
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1.59 |
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16.09 |
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| The annexed notes 1 to 13 form an integral part of this condensed interim financial information. |
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__________________________ |
_______ |
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________ |
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General Manager/Chief Executive |
Director |
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Deputy Chairman |
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Chairman |
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