The Karachi Stock Exchange (Guarantee) Limited’s projected statement of financial position for the year ending December 31

The Karachi Stock Exchange (Guarantee) Limited’s projected statement of financial position for the year ending December 31

Karachi:

The Bank of Khyber

 

Rs.000 Rs.000 Rs.000
Projected Projected Projected
2011 2012 2013
ASSETS

Notes

Cash and balances with treasury banks 1 2,230,927 2,718,881 3,164,764
Balances with other banks

2

1,618,855 1,781,854 1,961,042
Lending to Financial institutions

3

1,152,367 736,976 670,006
Investments

4

23,245,600 26,815,377 29,829,058
Advances-net of provisions

5

27,863,867 33,442,180 40,601,985
Other assets

6

1,929,906 2,147,562 2,613,572
Operating fixed Assets

7

1,544,099 1,836,099 2,091,103
Deferred tax assets 495,736 413,090 404,469

———–

———–

———–

60,081,347 69,892,026 81,336,978
Liabilities
Bills Payable

8

308,733 329,475 347,942
Borrowing from financial Institutions

9

5,366,215 6,253,290 6,895,682
Deposits and other accounts

10

42,945,100 50,245,000 59,150,000
Other liablities

11

1,438,934 1,922,763 2,346,091

———–

———–

———–

50,056,982 58,750,528 68,739,715

———–

———–

———–

10,024,365 11,141,499 12,596,264

———–

———–

———–

NET ASSETS
PRESENTED BY:
Paid up capital

12

8,228,001 8,800,000 10,000,000
Share deposit money

Reserves

13

674,782 865,580 1,150,473
un-appropriated profit 559,046 750,240 689,811

———–

———–

———–

9,461,829 10,415,820 11,840,284
Surplus/ (deficit) on revaluation of Securities

14

582,536 725,679 755,980

———–

———–

———–

10,024,365 11,141,499 12,596,864

 

Bank of Khyber Objected Profit and Loss Account for the Year Ending December 31,

 

Notes

2011 2012 2013
Mark-up/return/interest earned

15

6,118,698 7,290,499 8,660,292
Mark-up/return/interest expensed

16

4,125,481 4,591,422 5,162,166

———–

———–

———–

Net Mark-up/Interest Income 1,993,217 2,699,077 3,498,126
Provision for non performing loans 450,000 548,976 657,865
Provision-Investment

100,000 100,000
Reversals (350,000) (400,000) (425,000)

———–

———–

———–

100,000 248,976 332,865

———–

———–

———–

Net Mark-up/Interest Income after provisions 1,893,217 2,452,101 3,165,261
Non-mark-up/Interest Income
Fee, commission and brokerage Income 218,495 261,345 298,374
Dividend Income 81,033 93,197 127,127
Income form dealing in foreign currencies 34,415 42,275 46,503
Gain on sale of securities 74,067 85,000 90,000
Specialized gain/(loss) on revaluation of Investment 1,500 1,550 1,815
Income 69,950 80,000 90,000

———–

———–

———–

479,460 563,467 663,819

———–

———–

———–

2,372,677 3,015,568 3,819,078
Non-Mark-up/Interest Expense
Administrative Expenses 1,388,195 1,592,661 1,713,731
Other provisions

18,062 20,000
Other charges 35,000 42,000 50,400
Total non-mark-up/interest expanse 1,423,195 1,652,723 1,784,131

———–

———–

———–

949,482 1,362,845 2,034,948
Taxation
Total Taxation (310,194) (408,854) (610,484)

———–

———–

———–

Profit/ (Loss) after taxation 639,266 953,992 1,424,464
In appropriated profit; brought forward 47,616 559,048 750,240

———–

———–

———–

Profit/(Loss) available for appropriation 686,904 1,513,038 2,174,704
Transfer to statutory reserve (127,858) (190,799) (284,893)
Transfer to reserve for bonus Issue

(571,999) (1,200,000)

———–

———–

———–

559,046 750,240 689,811

———–

———–

———–

Basic / Diluted Earning per share 1.11 1.19 1.58

 

THE BANK OF KHYBER PROJECTED RATIOS FOR THE YEAR ENDING DECEMBER 31,

 

Projected

Projected

Projected

2011

2012

2013

Cash and Bank Balances
(To Meet Or Requirements) 5.19% 5.41% 5.35%
Investment Growth 19% 15% 11%
Advances to Deposit 65% 67% 69%
Groth in Advances with comodity OPR 52% 20% 21%
Abnormal (Due to share Depsoit money) 26%
Growth in advances without comodity OPR 26% 25% 25%
Growth in Deposit 16% 17% 18%
Rise in Borrowing 85% 17% 10%
Return on Average Assets 1.15% 1.47% 1.88%
Gross Interest Margin 33% 37% 40%
Net Interest Margin 31% 34% 37%
Non Fund Base Income 8% 8% 8%
Administrtative Cost to Mark up Revenue 23.26% 22.67% 20.60%
Profit Before Taxation 16% 19% 23%
Profit After Taxation 10% 13% 16%
Basic/Diluted: Earning Per Share 1.11 1.19 1.58
Return on Equity 6% 11% 14%
Bonus Per Shares 0% 7% 14%
Cost of Funds
Deposit Cost 8.00% 7.80% 7.63%
Cost of Borrowing 13.35% 13.30% 13.60%

——-

——-

——-

Total Cost of Funds 8.80% 8.54% 8.33%
Intermediation Cost 3.30% 3.04% 2.85%

——-

——-

——-

Total Cost of Fund 11.83% 11.68% 11.17%
Total Revenue of Funds 14.07% 14.60% 15.02%

——-

——-

——-

Gross Spread Before NPL. 2.24% 3.03% 3.85%
NPL Provisions 0.21% 0.49% 0.57%

——-

——-

——-

Net Spread 2.02% 2.53% 3.28%

 

For more information, contact:
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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