Which of this after are assets of commercial? banking institutions? I. Reserves. Ii. Loans. Iii. Deposits.

Which of this after are assets of commercial? banking institutions? I. Reserves. Ii. Loans. Iii. Deposits.

RECORDS TO YOUR REPORTS FOR THE 12 MONTHS ENDED JUNE 30, 2003
3. MONEY AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS REPORTS IS RECEIVED AT RATES INCLUDING 2 percent TO 5 percent
4. SHORT-TERM LOANS 4.1. These express loans to clients for a time period of as much as 12 months on mark-up basis and therefore are guaranteed by means of lien on Certificates of Investment. The price of mark-up ranges from 14% to 21.5per cent per annum.

4.2. These generally include cash market placements with different banks along with other institutions that are financial. Return on these placements ranges from 5% to 13per cent.
5. OPPORTUNITIES throughout the present year, the business offered four federal federal government securities for Rs 182.288 million. The cost that is amortised of federal federal government securities ended up being Rs 159.394 million additionally the revenue in the disposal of the securities amounted to Rs 22.894 million.

The administration made a decision to offer these securities to be able to realise the gain arising on these securities beneath the interest rate environment that is reduced.

As at June 30, 2003 the investment that is remaining of business in federal federal federal government securities amounted to Rs 52.634 million.

This investment has been reclassified as ‘held for trading’ and it is measured at reasonable value. An increase of Rs 12.946 million was credited to your loss and profit account in respect of this investment. There aren’t any assets that are financial as ‘held to readiness’ at June 30, 2003.

5.1. DETAILS OF OPPORTUNITIES IN SHARES/CERTIFICATES OF LISTED COMPANIES/MODARABAS 6 installment loans online. THE RETURN ON INDEXED TERM FINANCE CERTIFICATES RANGES FROM 12 per cent TO 18 per cent
7. IMPROVEMENTS, BUILD UP, PREPAYMENTS ALONG WITH OTHER RECEIVABLES 7.1. The utmost aggregate amount due through the leader and professionals at the conclusion of any thirty days throughout the year ended up being Rs 873,685 (2002: Rs 623,685) and Rs 81,302 (2002: Rs 229,232) correspondingly.
7.2. SUPPLY FOR ANY OTHER RECEIVABLES 8. LONG-TERM LOANS – CONSIDERED GOOD The above loans consist of a quantity of Rs 6,668 (2002: Rs 936,200) outstanding for a time period of significantly more than three years.

These loans have already been supplied to workers to buy of cars and buy of home and therefore are repayable between three to 10 years. Mark-up on these loans is charged at prices which range from 2 per cent to 6 per cent per year.

The utmost aggregate amount due through the leader and professionals at the conclusion of any month through the year had been Rs 864,200 (2002: Rs 1,728,200) and Rs 398,847 (2002: Rs 172,538) correspondingly.
9. Web INVESTMENT IN LEASES 9.1. The aforementioned includes the term that is following Certificates issued by Pakland Cement Limited (PCL) under a scheme of arrangement sanctioned by the tall Court of Sindh against rent facilities awarded by the company: 9.2. THE INTERIOR PRICE OF RETURN ON LEASE CONTRACTS RECEIVABLE CHIEFLY ARE PRICED BETWEEN 9% TO 20per cent PER YEAR
9.3. MINIMAL LEASE PAYMENTS RECEIVABLE 9.4. SUPPLY FOR POTENTIAL LEASE LOSSES 10. FIXED ASSETS 11. FUNDS BELOW MARK UP ARRANGEMNETS 11.1. The facilities designed for short-term finance amounted to Rs 85 million (2002: Rs 75 million) and carry mark-up which range from Re 0.0890 to Re 0.0945 per Rs 1,000 each day. These facilities are repayable on different times by 15, 2003 august.

Along with this an un-utilised center for operating finance available from a commercial bank amounted to Rs 50 million (2002: Nil). The price of mark-up about this finance is Re 0.3014 per Rs 1,000 each day. The purchase pricing is payable by 30, 2003 june.
12. CREDITORS, ACCRUED AS WELL AS OTHER LIABILITIES 12.1. Amount as a result of Saudi Pak Industrial and Agricultural Investment Company (Private) Limited, an associated undertaking, at the entire year end amounted to Rs 3,940 (2002: Rs 514,783).
13. LONG-TERM BUILD UP These security that is represent gotten from lessees under rent agreements and so are adjustable on expiration for the particular lease durations.
14. REDEEMABLE CAPITAL – (NON-PARTICIPATORY) *The mark-up rates on these funds are derived from the yield on treasury bills/SBP discount rates and are also modified on half annual foundation.

The mark-up prices on these funds depend on the average that is weighted of last three cut-off prices of this five year Pakistan Investment Bonds (PIBs), and therefore are modified on half-yearly foundation.

14.1. The facilities are guaranteed by hypothecation of particular leased assets and associated rent rentals. The facilities had been utilised for disbursement against leasing contracts executed by the business.

14.2. LIABILITY ACCORDING OF TERM FINANCE Transaction price incurred on problem of Term Finance Certificates II happens to be modified through the related liability according to the requirements for initial recognition of monetary liabilities specified in Global Accounting Standard 39, ‘Financial Instruments: Recognition and Measurement’.

14.3. Term Finance Certificates II are guaranteed by a primary and exclusive cost over certain current and future leased assets and their associated receivables.
15. CERTIFICATES OF INVESTMENT

The organization has given certificates of investment underneath the authorization awarded by the authorities.

These certificates of investment are for durations which range from a couple of months to five years and return on these certificates varies from 5.00 to 7.50 % per year. Present maturity of long-lasting certificates of investment amounting to Rs. 110,732,000 (2002: Rs 88,163,000) is included liabilities that are undercurrent short-term certificates of investment.
16. ISSUED, SUBSCRIBED AND PAID-UP-CAPITAL The Authorised Share Capital as at 30, 2003 amounts to Rs. 400,000,000 (2002: 400,000,000) divided into 40,000,000 (2002: 40,000,000) ordinary shares of Rs. 10 each june.
17. RESERVES 17.1. The contingency book happens to be produced in respect of this need raised by the riches Tax Officer for business resource Tax of Rs 2,000,000 together with the extra income tax of Rs 557,589. The organization has filed a writ petition into the tall Court of Sindh from this need.

17.2. Statutory book represents earnings set aside to comply with the Prudential Regulations for NBFCs undertaking the company of Leasing.

17.3. The reserve for deferred taxation was developed according to certain requirements for the Circular No. 16 granted by the Securities and Exchange Commission of Pakistan on September 9,1999.

The liability that is unrecognised of business for deferred taxation as at June 30, 2003 amounts to Rs Nil (2002: Rs 16.284 million).
18. COMMITMENTS 19. MONEY FROM FINANCE LEASE OPERATIONS 20. MONEY ON OPPORTUNITIES 21. DIFFERENT MONEY 22. FINANCIAL AS WELL AS OTHER CHARGES 23. ADMINISTRATIVE AND OPERATING COSTS 23.1. SALARIES, ALLOWANCES AND BENEFITS INCLUDE RS. 1,533,473 (2002: RS 1,230,807) ACCORDING OF STAFF RETIREMENT ADVANTAGES
24. DIRECT PRICE OF WORKING LEASES 25. TAXATION

The income tax cost for the year that is current minimal fee at 0.5per cent of revenues.
26. STAFF PENSION GRATUITY

The newest actuarial valuation for the gratuity investment had been performed as at June 30, 2003. The reasonable worth regarding the fund’s assets and liabilities at the latest valuation date had been the following: Projected Unit Credit Method using listed here significant assumptions had been utilized for the valuation associated with the Fund: 26.1. The price of assets created by the employees your your retirement funds operated by the organization depending on their audited records as at June 30, 2003 is really as follows: 27. TRANSACTIONS WITH ASSOCIATED UNDERTAKINGS 28. REMUNERATION OF CHIEF EXECUTIVE AND EXECUTIVES

The amount that is aggregate in these makes up about remuneration including all advantages, towards the Chief Executive and Executives is really as follows: Certain executives are given with free utilization of business maintained automobiles.

The aforementioned remuneration of leader relates to the Executive Officer that is ex-Chief of company whom ceased to carry workplace w.e.f. April 30, 2003.

Keep encashment normally payable to him according to the regards to their employment agreement.
29. PROFITS PER SHARE 30. MONEY GENERATED FROM OPERATIONS 31. CASH AND MONEY EQUIVALENTS