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

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

4.2. Included in these are cash market placements with different banking institutions as well as other finance institutions. Return on these placements ranges from 5% to 13percent.
5. OPPORTUNITIES throughout the year that is current the business offered four federal government securities for Rs 182.288 million. The amortised price of these government securities ended up being Rs 159.394 million additionally the revenue from the disposal of the securities amounted to Rs 22.894 million.

The administration made a decision to offer these securities so that you can realise the gain arising on these securities beneath the reduced rate of interest environment.

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

This investment has been reclassified as ‘held for trading’ and it is calculated at reasonable value. A gain of Rs 12.946 million happens to be credited to your revenue and loss account in respect of the investment. There are not any assets that are financial as ‘held to maturity’ at June 30, 2003.

5.1. INFORMATION ON ASSETS IN SHARES/CERTIFICATES OF LISTED COMPANIES/MODARABAS 6. THE RETURN ON LISTED TERM FINANCE CERTIFICATES RANGES FROM 12 percent TO 18 percent
7. IMPROVEMENTS, BUILD UP, PREPAYMENTS ALONG WITH OTHER RECEIVABLES 7.1. The utmost aggregate amount due guaranteed personal installment loans through the executive that is chief 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 now been supplied to workers for purchase of cars and buy of home and therefore are repayable between three to a decade. Mark-up on these loans is charged at prices which range from 2 percent to 6 per cent per annum.

The utmost aggregate amount due through the executive that is chief professionals at the conclusion of any thirty days 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 lease facilities awarded by the business: 9.2. THE INNER PRICE OF RETURN ON LEASE CONTRACTS RECEIVABLE CHIEFLY ARE NORMALLY TAKEN FOR 9% TO 20per cent PER YEAR
9.3. MINIMAL LEASE PAYMENTS RECEIVABLE 9.4. SUPPLY FOR POTENTIAL LEASE LOSSES 10. FIXED ASSETS 11. FUNDS UNDER MARK UP ARRANGEMNETS 11.1. The facilities readily available for short-term finance amounted to Rs 85 million (2002: Rs 75 million) and carry mark-up ranging from Re 0.0890 to Re 0.0945 per Rs 1,000 each day. These facilities are repayable on different times by August 15, 2003.

As well as this a facility that is un-utilised operating finance offered by a commercial bank amounted to Rs 50 million (2002: Nil). The price of mark-up with this finance is Re 0.3014 per Rs 1,000 each day. The purchase pricing is payable by June 30, 2003.
12. CREDITORS, ACCRUED ALONG WITH OTHER LIABILITIES 12.1. Amount as a result of Saudi Pak Industrial and Agricultural Investment Company (Private) Limited, an undertaking that is associated at the season end amounted to Rs 3,940 (2002: Rs 514,783).
13. LONG-TERM BUILD UP These express security deposits received from lessees under rent agreements and tend to be adjustable on expiration for the particular rent periods.
14. REDEEMABLE CAPITAL – (NON-PARTICIPATORY) *The mark-up prices on these funds are derived from the yield on treasury bills/SBP discount rates and they are modified on half annual foundation.

The mark-up prices on these funds are derived from the average that is weighted of final three cut-off prices of this five 12 months 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 related rent rentals. The facilities had been utilised for disbursement against leasing contracts executed by the business.

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

14.3. Term Finance Certificates II are guaranteed by an initial and exclusive fee over specific current and future leased assets and their associated receivables.
15. CERTIFICATES OF INVESTMENT

The organization has granted certificates of investment beneath the authorization awarded by the government.

These certificates of investment are for durations which range from a few months to five years and return on these certificates varies from 5.00 to 7.50 per cent per year. Present readiness of long-lasting certificates of investment amounting to Rs. 110,732,000 (2002: Rs 88,163,000) is roofed undercurrent liabilities in short-term certificates of investment.
16. ISSUED, SUBSCRIBED AND PAID-UP-CAPITAL The Authorised Share Capital as at June 30, 2003 quantities to Rs. 400,000,000 (2002: 400,000,000) split into 40,000,000 (2002: 40,000,000) ordinary stocks of Rs. 10 each.
17. RESERVES 17.1. The contingency book happens to be produced in respect associated with need raised by the riches Tax Officer for business Asset Tax of Rs 2,000,000 combined with tax that is additional of 557,589. The business has filed a writ petition within the tall Court of Sindh from this need.

17.2. Statutory book represents earnings put aside to conform to the Prudential Regulations for NBFCs undertaking the continuing company of Leasing.

17.3. The reserve for deferred taxation is developed depending on what’s needed associated with no. This is certainly circular released by the Securities and Exchange Commission of Pakistan on September 9,1999.

The unrecognised obligation associated with the business for deferred taxation as at June 30, 2003 quantities 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 ALONG WITH 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 when it comes to present 12 months represents minimum fee at 0.5per cent of revenues.
26. STAFF PENSION GRATUITY

The most recent actuarial valuation associated with gratuity investment had been performed as at June 30, 2003. The reasonable worth for the fund’s assets and liabilities during the valuation date that is latest had been the following: Projected Unit Credit Method using the next significant assumptions ended up being employed for the valuation associated with the Fund: 26.1. The expense of assets created by the employees retirement funds operated by the organization depending on their audited records as at June 30, 2003 can be as follows: 27. TRANSACTIONS WITH ASSOCIATED UNDERTAKINGS 28. REMUNERATION OF CHIEF EXECUTIVE AND EXECUTIVES

The aggregate quantity charged during these makes up remuneration including all advantages, to your Chief Executive and Executives is really as follows: Certain professionals are supplied with free utilization of business maintained automobiles.

The aforementioned remuneration of Chief Executive relates to the ex-Chief Executive Officer associated with the business who ceased to keep workplace w.e.f. 30, 2003 april.

Keep encashment can also be payable to him according to the regards to their work contract.
29. PROFITS PER SHARE 30. MONEY GENERATED FROM OPERATIONS 31. CASH AND MONEY EQUIVALENTS