Documents

Financial Highlights 2017

Description
Description:
Categories
Published
of 2
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
Share
Transcript
  67 Annual Report 2017   Six Years Financial Summary 2012 - 2017 2017 2016 2015 2014 2013 2012 Profit & Loss account Mark-up/ return earnedRs. Mln 74,091 67,400 80,393 77,269 65,064 68,356 Mark-up/ return expensed 31,684 23,586 31,077 33,757 27,196 27,500 Fund based income 42,407 43,814 49,316 43,512 37,868 40,856 Fee, Commission, brokerage & FX income 11,278 9,040 10,871 10,235 8,108 7,131 Dividend and capital gains 6,682 7,135 5,695 2,709 3,063 2,022  Total income 60,367 59,989 65,882 56,456 49,039 50,010 Operating expenses 28,117 22,989 22,895 21,591 19,639 18,077 Operating profit before tax and provision 32,250 36,999 42,987 34,865 29,400 31,933 Provisions / write-offs 1,236 925 659 (1,864) (2,888) 291 Profit before tax 31,014 36,075 42,329 36,729 32,288 31,642 Profit after tax 22,459 21,891 25,546 24,325 21,495 20,673 Cash Dividends 18,673 17,808 17,808 15,582 14,166 11,959 Bonus shares - - - - 1,012 920 Statement of Financial Position  Authorised capital 15,000 15,000 15,000 15,000 15,000 10,000 Paid up capital 11,851 11,130 11,130 11,130 10,118 9,199 Reserves 70,866 53,347 51,309 48,830 46,601 44,253 Unappropriated Profit 53,776 53,469 50,747 46,948 40,552 35,425 Shareholder's equity 136,493 117,946 113,186 106,908 97,272 88,877 Surplus on revaluation of assets - net of tax 17,073 23,680 24,616 23,196 12,959 13,594 Net Assets 153,566 141,627 137,802 130,104 110,231 102,471  Total Assets 1,327,311 1,051,814 1,004,410 934,631 815,508 767,075 Earning Assets 1,175,352 911,163 872,594 818,676 718,990 663,330 Gross Advances 515,058 367,678 322,529 322,318 268,192 262,392  Advances - net of provisions 469,356 348,117 304,122 303,559 248,243 239,583 Non-Performing Loans (NPLs) 48,753 21,688 20,368 21,908 23,268 25,562 Investments 656,964 555,929 565,696 511,137 449,006 402,069  Total Liabilities 1,173,745 910,187 866,608 804,527 705,277 664,604 Deposits & other accounts 968,483 781,430 696,805 688,330 632,330 545,061 Current & Saving Deposits (CASA) 899,364 735,550 650,739 626,112 567,728 464,411 Borrowings 133,070 74,515 118,040 59,543 38,543 78,951 Interest bearing Liabilities 728,361 557,913 557,056 511,446 456,348 434,619 Contingencies and Commitments 458,775 307,566 320,888 226,554 265,428 143,803 Profitability Ratios: Profit before tax ratio%41.86%53.52%52.65%47.53%49.63%46.29%Gross Yield on Average Earning Assets 7.10%7.56%9.51%10.05%9.42%11.08% Gross Yield on Avg. Earning Assets (incl. dividend & capital gains) 7.74%8.36%10.18%10.40%9.86%11.42%Gross Spread 57.24%65.01%61.34%56.31%58.20%59.77%Non interest income to total income 29.75%26.96%25.14%22.93%22.78%18.30%Return on average equity (ROE) 17.65%18.94%23.21%23.83%23.09%24.59%Return on average assets (ROA) 1.89%2.13%2.63%2.78%2.72%2.91%Return on Capital Employed (ROCE) 17.65%18.94%23.21%23.83%23.09%24.59%Cost to income ratio 45.31%36.80%33.34%36.51%38.15%34.95%Cost to income ratio (excluding pf reversal) 46.26%37.66%34.52%37.98%41.62%38.81% Admin Exp to Profit before Tax 88.20%61.19%51.90%56.12%57.95%55.23% Investment ratios: Earnings per share (after tax)**Rs. 19.56 19.67 22.95 21.85 19.31 18.57 Earnings per share (before tax)** 27.02 32.41 38.03 33.00 29.01 28.43 Breakup value per share (excl. surplus on rev. of assets)** 115.18 105.97 101.69 96.05 87.39 79.85 Net assets per share** 129.59 127.24 123.81 116.89 99.04 92.06 Market Ratios Cash Dividend%160%160%160%140%140%130%Bonus Shares Issued - - - - 10.00%10.00%Dividend Yield ratio (based on cash dividend) 7.54%6.73%7.38%4.58%4.98%6.20%Dividend Payout ratio 83.14%81.35%69.71%64.06%70.61%62.29%Price to book value ratioTimes 1.84 2.24 2.14 3.18 3.22 2.63 Price to earning ratio 10.85 12.09 9.45 13.99 14.56 11.29 Dividend cover ratio 1.22 1.23 1.43 1.56 1.52 1.73  Six Years’ Financial Summary 2012-2017 2017 2016 2015 2014 2013 2012 Share Information Market value per share - Dec 31Rs. 212.32 237.82 216.85 305.65 281.17 209.76 High - during the year 267.00 244.82 338.82 311.00 323.00 216.75 Low - during the year 188.21 190.20 205.34 234.51 182.20 133.00 Market CapitalisationRs. Mln 251,612 264,701 241,361 340,198 284,501 192,950  Asset Quality and Liquidity ratios: Gross Advances to deposits ratio%53.18%47.07%46.29%46.83%42.41%48.14%Net Advances to deposits ratio 48.46%44.55%43.65%44.10%39.26%43.96%Investments to deposits ratio 67.83%71.14%81.18%74.26%71.01%73.77%Weighted Average Cost of Deposits 2.52%2.48%3.37%4.59%4.00%4.45%CASA to total deposits 92.86%94.13%93.39%90.96%89.78%84.74%NPLs to Gross advances ratio 9.47%5.90%6.32%6.80%8.68%9.74%NPLs to Shareholders Equity 35.72%18.39%18.00%20.49%23.92%28.76%Coverage Ratio (specific provision/ NPLs) 91.46%87.32%87.63%82.84%83.59%87.55%Coverage Ratio (total provision/ NPLs) 93.74%90.82%90.37%85.62%85.74%89.23%Earning assets to total assets ratio 88.55%86.63%86.88%87.59%88.16%86.45%Investments to total assets ratio 49.50%52.85%56.32%54.69%55.06%52.42%Cash & Cash Equvilants to Total Assets 8.32%7.45%6.34%5.29%7.46%7.53%Cash to Current Liabilities 5.29%7.78%5.96%5.16%5.71%4.58%Earning assets to interest bearing LiabilitiesTimes 1.61 1.63 1.57 1.60 1.58 1.53 Deposits to shareholder equity 7.10 6.63 6.16 6.44 6.50 6.13  Assets to Equity 9.72 8.92 8.87 8.74 8.38 8.63 Current / Quick Ratio 2.05 3.05 2.44 1.51 2.51 1.90 Risk Adequacy  Tier I Capital Rs. Mln 129,130 111,999 107,067 104,083 95,102 86,341  Total Eligible Capital 147,227 128,968 120,930 117,489 101,296 93,526 Risk Weighted Assets (RWA) 895,415 667,195 622,323 575,663 455,189 422,583  Tier I to RWA%14.42%16.79%17.20%18.08%20.89%20.43%RWA to total assets 67.46%63.43%61.96%61.59%55.82%55.17%Capital Adequacy Ratio 16.44%19.33%19.43%20.41%22.25%22.13%Net Return on Average RWA 2.87%3.40%4.26%4.72%4.90%5.17% Duo Pont Analysis Net Operating Margin%37.20%36.49%38.78%43.09%43.83%41.34% Asset Utilization%5.07%5.83%6.80%6.45%6.20%7.04%Leverage Ratio / Equity Multiplier Times 9.35 8.90 8.81 8.57 8.50 8.45 Industry Share Deposits%7.83%6.98%7.20%8.25%8.40%8.16% Advances 7.89%6.60%6.58%7.23%6.59%6.80%Market Capitalisation 17.85%14.86%17.91%21.44%22.96%23.58%Home Remittance 11.64%11.30%10.90%10.68%10.48%10.52%* based on economic data released by State Bank of Pakistan Consolidated  Total AssetsRs. Mln 1,373,430 1,076,690 1,020,980 941,606 821,278 771,458 Shareholders' Equity 138,100 120,152 115,253 110,095 100,165 91,350 Net Assets 156,543 145,960 142,177 136,269 115,463 106,475 Profit before tax 30,614 36,721 42,789 37,354 32,932 32,065 Profit after tax 22,048 22,174 25,035 24,774 21,950 21,153 Return on Average Assets%1.80%2.11%2.55%2.81%2.76%2.94%Return on Average Equity 17.00%18.76%22.12%23.45%22.80%24.14%Earnings per share**Rs. 19.13 19.82 22.38 22.15 19.65 18.76 Breakup value per share (excl. surplus on rev. of assets)** 117.02 108.41 103.55 98.91 89.99 82.07Capital Adequacy Ratio%16.34%19.68%20.07%20.41%22.18%22.16% Per Branch Gross AdvancesRs. Mln 356.69 297.10 263.72 261.62 220.37 221.06 Deposits 670.69 631.20 569.75 558.71 519.58 459.19 CASA 622.83 594.14 532.08 508.21 466.50 389.12 PBT 21.48 29.14 34.61 29.81 26.53 26.66 Shares held by sponsors / directors / executives and associated companies are disclosed on Page No. 362. **Adjusted for prior years to reflect bonus shares issued.
Search
Tags
Related Search
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks
SAVE OUR EARTH

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!

x