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PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED DECEMBER 31, 2004 (UNAUDITED)
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Half-Year Ended
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Quarter Ended
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December 31,
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December 31,
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December 31,
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December 31,
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2004
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2003
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2004
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2003
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Note
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--------------------------------------------
Rupees--------------------------------------------
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INCOME
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Income from loans, term finances
and credit facilities
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41,488,707
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50,904,059
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18,270,685
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22,870,017
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Income / return from investments
and fund placements
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102,814,662
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73,208,813
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70,027,930
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46,975,592
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Net (deficit) / gain on sale of
investments
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(37,184,585)
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26,066,264
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(34,464,374)
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(2,754,043)
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Fee, commission and brokerage
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51,284,300
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32,283,595
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27,537,411
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15,460,155
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Other income
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804,346
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478,543
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269,354
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173,734
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159,207,430
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182,941,274
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81,641,006
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82,725,455
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EXPENDITURE
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Return on
deposits and borrowings
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64,044,110
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48,152,913
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37,988,568
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24,419,144
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Administrative
and operating expenses
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45,969,199
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29,805,386
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26,452,623
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15,849,215
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Allowance
for potential losses on term finances / credit
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Facilities
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9,500,000
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18,000,000
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3,500,000
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9,000,000
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119,513,309
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95,958,299
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67,941,191
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49,268,359
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Profit
before taxation
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39,694,121
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86,982,975
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13,699,815
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33,457,096
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Provision
for taxation - current
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14,000,000
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30,000,000
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5,200,000
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10,730,683
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-
deferred
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(3,254,606)
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(5,242,825)
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(1,255,965)
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(5,242,825)
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10,745,394
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24,757,175
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3,944,035
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5,487,858
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Profit
after taxation
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28,948,727
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62,225,800
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9,755,780
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27,969,238
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Basic
earnings per share
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9
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0.877
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1.886
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0.296
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0.848
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The annexed notes from 1 to 13 form an integral part of
these financial statements.
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