Which of this following are assets of commercial? banks? I. Reserves. Ii. Loans. Iii. Deposits.

Which of this following are assets of commercial? banks? I. Reserves. Ii. Loans. Iii. Deposits.

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

4.2. Included in these are cash market placements with various banking institutions along with other banking institutions. Return on these placements ranges from 5% to 13per cent.
5. ASSETS through the year that is current the organization offered four federal federal government securities for Rs 182.288 million. The amortised price of these federal government securities ended up being Rs 159.394 million therefore the revenue regarding 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 underneath the interest rate environment that is reduced.

As at June 30, 2003 the staying investment associated with the business in government securities amounted to Rs 52.634 million.

This investment has been reclassified as ‘held for trading’ and it is calculated at reasonable value. An increase of Rs 12.946 million happens to be credited into the profit and loss account in respect for this investment. There aren’t any financial assets classified as ‘held to maturity’ at June 30, 2003.

5.1. INFORMATION ON OPPORTUNITIES IN SHARES/CERTIFICATES OF LISTED COMPANIES/MODARABAS 6. THE RETURN ON INDEXED TERM FINANCE CERTIFICATES RANGES FROM 12 percent TO 18 per cent
7. IMPROVEMENTS, BUILD UP, PREPAYMENTS ALONGSIDE RECEIVABLES 7.1. The utmost aggregate amount due through the leader and professionals at the conclusion of any thirty days through 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. LOANS that are LONG-TERM CONSIDERED GOOD The above loans consist of a quantity of Rs 6,668 (2002: Rs 936,200) outstanding for a time period of a lot more than 36 months.

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

The utmost aggregate amount due through the executive that is chief professionals at the conclusion of any thirty days throughout the 12 months 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 issued because of the business: 9.2. THE INTERIOR PRICE OF RETURN ON LEASE CONTRACTS RECEIVABLE CHIEFLY VARY FROM 9% TO 20per cent PER YEAR
9.3. MINIMAL LEASE PAYMENTS RECEIVABLE 9.4. SUPPLY FOR POTENTIAL LEASE LOSSES 10. FIXED ASSETS 11. FINANCES 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 August 15, 2003.

As well as 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 with this finance is Re 0.3014 per Rs 1,000 each day. The acquisition pricing is payable by June 30, 2003.
12. CREDITORS, ACCRUED AS WELL AS OTHER LIABILITIES 12.1. Amount because 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 DEPOSITS These express security deposits received from lessees under lease agreements consequently they are adjustable on expiration associated with 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 are usually modified on half basis that is yearly.

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 are usually modified on half-yearly foundation.

14.1. The facilities are guaranteed by hypothecation of certain leased assets and related lease rentals. The facilities were utilised for disbursement against leasing contracts executed by the business.

14.2. LIABILITY ACCORDING OF TERM FINANCE Transaction price incurred on dilemma of Term Finance Certificates II happens to be adjusted through the associated liability according 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 a primary and charge that is exclusive certain current and future leased assets and their associated receivables.
15. CERTIFICATES OF INVESTMENT

The business has given certificates of investment underneath the authorization issued because of the government.

These certificates of investment are for durations including a few months to five years and return on these certificates varies from 5.00 to 7.50 % 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 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 developed in respect associated with need raised by the riches Tax Officer for business resource Tax of Rs 2,000,000 combined with the tax that is additional of 557,589. The organization has filed a writ petition within the tall Court of Sindh against this demand.

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

17.3. The reserve for deferred taxation was produced according to certain requirements associated with the no. That is circular granted 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 amounts to Rs Nil (2002: Rs 16.284 million).
18. COMMITMENTS 19. MONEY FROM FINANCE LEASE OPERATIONS 20. MONEY ON OPPORTUNITIES 21. OTHER 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 BENEFITS that are RETIREMENT. DIRECT PRICE OF WORKING LEASES 25. TAXATION

The taxation fee when it comes to year that is current minimal fee at 0.5per cent of revenues.
26. STAFF RETIREMENT GRATUITY

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

The aggregate quantity charged in these makes up remuneration including all advantages, into the Chief Executive and Executives is really as follows: Certain professionals are offered with free usage of business maintained vehicles.

The above mentioned remuneration of leader relates to the ex-Chief Executive Officer associated with business whom ceased to put on workplace w.e.f. 30, 2003 april.

Keep encashment can be payable to him depending on the regards to his work agreement.
29. PROFITS PER installment loans no credit check SHARE 30. MONEY GENERATED FROM OPERATIONS 31. CASH AND MONEY EQUIVALENTS

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