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BORROWINGS
FROMFINANCIAL INSTITUTION 12,723,830 5,844,389 8,394,130
In pakistan 12,252,275 5,815,915 8,286,053
outside pakistan 471,555 28,474 108,077
DEPOSITS AND OTHER
ACCOUNTS 129,714,891 222,345,067 239,509,391
Customer
Fixed deposits 21,892,081 80,167,779 88,851,222
Saving deposits 65,965,795 81,057,975 78,893,481
Current accounts- Remunerative - - -
Current accounts- Non-
remunerative 36,213,567 45,814,316 58,234,013
Margin, call and sundry deposits 2,123,779 3,509,310 3,616,936
126,195,222 210,549,380 229,595,652
Financial Institutions
Remunerative deposits 3,503,281 11,760,879 9,892,433
Non-remunerative deposits 16,388 34,808 21,306
3,519,669 11,795,687 9,913,739
SUB-ORDINATED LOANS 1,899,480 3,223,355 3,222,106
Term Finance Certificates I -
Quoted, Unsecured 649,480 649,220 648,960
Term Finance Certificates II -
Quoted, Unsecured 1,250,000 1,249,520 1,249,040
Term Finance Certificates III -
Quoted, Unsecured - 1,324,615 1,324,106
BORROWINGS
21,230,697 13,690,222 FROMFINANCIAL INSTITUTION
20,602,695 13,004,055 In pakistan
628,002 686,167 outside pakistan
DEPOSITS AND OTHER
273,173,841 300,732,858 ACCOUNTS
Customer
85,520,839 116,688,618 Fixed deposits
107,879,576 86,416,689 Saving deposits
- - Current accounts- Remunerative
Current accounts- Non-
67,604,689 78,316,246 remunerative
3,267,104 7,715,468 Margin, call and sundry deposits
264,272,208 289,137,021
Financial Institutions
8,759,047 11,570,748 Remunerative deposits
142,586 25,089 Non-remunerative deposits
8,901,633 11,595,837
3,220,858 2,571,169 SUB-ORDINATED LOANS
Term Finance Certificates I -
648,700 - Quoted, Unsecured
Term Finance Certificates II -
1,248,560 1,248,080 Quoted, Unsecured
Term Finance Certificates III -
1,323,598 1,323,089 Quoted, Unsecured
76,979 52,842 - -
(35,620) 965,237 (217,855) 314,586
(99,909) (105,259) - -
(4,297) - - -
(631) - - -
(5,725) - - -
- - - 2,099,877
21,945,188 (17,591,231) 4,335,842 705,793
- - - -
1,100,406 (1,549,922) (1,229,821) (1,634,790)
20,048,689 (16,769,717) 4,255,985 (7,461,987)
796,093 37,910 (562,031) 7,688,803
- - - 357,199
- - - 395,492
- - - 57,339
- - - 303,894
- 690,498 1,871,709 999,843
430,538 126,374 (289,045) (540,732)
276,775 (276,775) - -
- - 550,000 -
- - 250,000 -
- - 130,493 -
34,000 22,400 (56,000) -
34,000 - - -
- - - -
- 22,400 (56,000) -
27,578,695 (1,718,583) 18,354,423 (1,078,274)
- - - (1,479,062)
27,578,695 (1,718,583) 18,354,423 (2,557,336)
- (579,373) 579,373 -
(5,500,340) 1,425,070 13,028,087 (9,851,136)
(877,420) 1,681,213 13,061,487 (9,834,707)
- 1,681,213 13,002,696 (9,835,417)
(877,420) - 58,791 710
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
(4,602,571) (255,327) - -
- - - -
(1,342,802) (255,327) - -
(3,259,769) - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
(5,479,991) 1,425,886 13,061,487 (9,834,707)
- - - -
(5,479,991) 1,425,886 13,061,487 (9,834,707)
(20,349) - - -
- - - -
21,913,059 (914,045) 31,989,354 (12,518,326)
3,480,921 16,767,427 25,815,042 (12,765,260)
5,534,534 16,128,562 25,784,420 (17,248,362)
(2,054,516) (292,103) (1,424,857) 83,398
(15,598) - - -
85,704 18,148 1,673,334 1,985,241
(35,620) 965,237 (217,855) 314,586
(99,909) (105,259) - -
(4,297) - - -
(631) - - -
(5,725) - - -
17,342,617 (17,846,558) 4,335,842 705,793
- - - -
(242,396) (1,805,249) (1,229,821) (1,634,790)
16,788,920 (16,769,717) 4,255,985 (7,461,987)
796,093 37,910 (562,031) 7,688,803
- - - 357,199
- - - 395,492
- - - 57,339
- - - 303,894
- 690,498 1,871,709 999,843
430,538 126,374 (289,045) (540,732)
- - 550,000 -
- - 250,000 -
- - 130,493 -
34,000 22,400 (56,000) -
34,000 - - -
- - - -
- 22,400 (56,000) -
22,098,704 (292,697) 31,415,910 (10,912,981)
- - - (1,479,062)
22,098,704 (292,697) 31,415,910 (12,392,043)
- (579,373) 579,373 -
29,932,610 31,135,315 21,199,667 21,472,177
- - (1,099,409) 14,324
624,570 1,781,522 380,046 2,976,089
- - 48,884 (25,738)
(1,924) 3,649 (3,166) 179
17,226 17,513 4,155 10,407
496 (1,824) - -
400 (240) (160) -
(130,269) 84,208 (200,470) (21)
- - - -
638,450 1,905,385 786,086 3,541,598
(452) 397 - -
- - - -
2,494,322 2,085,830 2,226,364 1,759,420
- - - 180,845
- - 6,959 31,183
- - - 106,621
69,658 67,017 37,488 (44,073)
(208,232) (1,437,272) 3,301,147 (1,171,344)
- - - -
154,468 303,869 (2,410,002) (580,117)
(21,720) - - -
18,803 194,454 (213,257) -
(578) (13,475) - -
- - - (4,969)
- - - (517,703)
- - - (63,550)
- - (28,300) (43,188)
150,973 484,848 (2,651,559) (1,209,527)
- - - -
- - 935,251 (157,063)
- - 982,878 321,808
48,527 - - -
(359,205) (1,922,120) 5,952,706 38,183
91,276,617 22,593,929 49,231,712 19,270,717
2,202,642 4,777,819 3,977,899 824,895
- - - -
500,000 2,000,000 1,500,000 1,495,000
- - - -
- 4,000,000 - 1,492,000,000
- - - -
- 1,500,000 - -
- (376,593) 376,593 -
Bank Alfalah Limited
Percentage Comparative Chain Base Balance Sheet
As on December 31,
BORROWINGS
FROMFINANCIAL INSTITUTION -54.07% 43.63% 152.92% -35.52%
In pakistan -52.53% 42.47% 148.64% -36.88%
outside pakistan -93.96% 279.56% 481.07% 9.26%
DEPOSITS AND OTHER
ACCOUNTS 71.41% 7.72% 14.06% 10.09%
Customer #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Fixed deposits 266.20% 10.83% -3.75% 36.44%
Saving deposits 22.88% -2.67% 36.74% -19.90%
Current accounts- Remunerative #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Current accounts- Non-
remunerative 26.51% 27.11% 16.09% 15.84%
Margin, call and sundry deposits 65.24% 3.07% -9.67% 136.16%
66.84% 9.05% 15.10% 9.41%
Financial Institutions #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Remunerative deposits 235.71% -15.89% -11.46% 32.10%
Non-remunerative deposits 112.40% -38.79% 569.23% -82.40%
235.14% -15.95% -10.21% 30.27%
SUB-ORDINATED LOANS 69.70% -0.04% -0.04% -20.17%
Term Finance Certificates I -
Quoted, Unsecured -0.04% -0.04% -0.04% -100.00%
Term Finance Certificates II -
Quoted, Unsecured -0.04% -0.04% -0.04% -0.04%
Term Finance Certificates III -
Quoted, Unsecured #DIV/0! -0.04% -0.04% -0.04%
BORROWINGS
FROMFINANCIAL INSTITUTION 45.93% 65.97% 166.86%
In pakistan 47.47% 67.63% 168.15%
outside pakistan 6.04% 22.92% 133.18%
DEPOSITS AND OTHER
ACCOUNTS 171.41% 184.64% 210.60%
Customer #DIV/0! #DIV/0! #DIV/0!
Fixed deposits 366.20% 405.86% 390.65%
Saving deposits 122.88% 119.60% 163.54%
Current accounts- Remunerative #DIV/0! #DIV/0! #DIV/0!
Current accounts- Non-
remunerative 126.51% 160.81% 186.68%
Margin, call and sundry deposits 165.24% 170.31% 153.83%
166.84% 181.94% 209.42%
Financial Institutions #DIV/0! #DIV/0! #DIV/0!
Remunerative deposits 335.71% 282.38% 250.02%
Non-remunerative deposits 212.40% 130.01% 870.06%
335.14% 281.67% 252.91%
SUB-ORDINATED LOANS 169.70% 169.63% 169.57%
Term Finance Certificates I -
Quoted, Unsecured 99.96% 99.92% 99.88%
Term Finance Certificates II -
Quoted, Unsecured 99.96% 99.92% 99.88%
Term Finance Certificates III -
Quoted, Unsecured #DIV/0! #DIV/0! #DIV/0!
BORROWINGS
107.60% FROMFINANCIAL INSTITUTION 8.22% 2.35%
106.14% In pakistan 7.91% 2.34%
145.51% outside pakistan 0.30% 0.01%
DEPOSITS AND OTHER
231.84% ACCOUNTS 83.78% 89.54%
#DIV/0! Customer 0.00% 0.00%
533.02% Fixed deposits 14.14% 32.28%
131.00% Saving deposits 42.60% 32.64%
#DIV/0! Current accounts- Remunerative 0.00% 0.00%
Current accounts- Non-
216.26% remunerative 23.39% 18.45%
363.29% Margin, call and sundry deposits 1.37% 1.41%
229.12% 81.50% 84.79%
#DIV/0! Financial Institutions 0.00% 0.00%
330.28% Remunerative deposits 2.26% 4.74%
153.09% Non-remunerative deposits 0.01% 0.01%
329.46% 2.27% 4.75%
135.36% SUB-ORDINATED LOANS 1.23% 1.30%
Term Finance Certificates I -
0.00% Quoted, Unsecured 0.42% 0.26%
Term Finance Certificates II -
99.85% Quoted, Unsecured 0.81% 0.50%
Term Finance Certificates III -
#DIV/0! Quoted, Unsecured 0.00% 0.53%
Postage, telex, service charges etc 319,276 500,658 829,100 1,017,444 1,169,672
Net profit on sales of property and
equipment 4,297 4,309 12,999 13,928 77,997
Gain on sale of shares/ certifcates/
units listed 246,117 231,878 182,161 264,678 252,857
Gain on sale of shares/ certifcates/
units un-listed - - - 1,788,514 171,363
Gain on sale of Pakistan Investment
Bonds 3,132 7,673 (86) - -
Unrealized loss on revaluation of
investments classified as held for
trading - - (27599) (14929) (181571)
Total non mark-up/ intrest income 4,333,069 6,907,542 8,483,996 12,824,663 12,417,459
NON MARK-UP INTREST
EXPENSES
Administrative expenses 2,677,635 4,313,023 5,874,745 8,272,587 10,471,399
Non-executive director fee and
allowances - - - 4,937 14,560
Salaries, allowances, etc 1,025,856 1,538,299 2,267,122 3,531,139 4,350,015
Chaing for defined benefit plan-
Gratuity 27,531 46,637 62,797 90,289 142,926
Contribution to defined contribution
plan- Provident Fund 34,014 53,281 79,535 114,015 146,620
Brokerage and commissions 140,039 320,808 458,167 535,532 585,664
Rent, taxes, insurance, electricty, etc 324,774 529,956 731,401 912,361 1,254,212
Legal and professional charges 41,977 48,394 66,161 154,295 163,069
Communication 125,968 209,750 263,925 305,767 401,237
Repair and mantinance 110,136 178,312 266,002 399,100 574,876
Stationery and printing 78,272 115,982 138,420 135,175 163,745
Advertisement and publicity 243,643 283,426 357,832 476,878 528,432
Donations 17,100 117,600 3,625 36,173 2,350
Auditors remunration 2,820 4,311 5,124 6,262 12,532
Depriciation 294,446 468,973 691,836 956,947 1,205,825
Amortization of intangibal assets 11,886 14,397 16,660 39,628 105,751
Total non mark-up/ intrest expenses 2,679,335 4,344,252 5,918,051 8,289,111 10,622,739
Extra ordniry/ unusual items 1,653,734 2,563,290 2,565,945 4,535,552 1,794,720
PROFIT BEFORE TAXATION 561,745 861,196 803,254 1,405,323 493,419
Taxation for the year -Current 586,159 592,635 476,226 1,726,810 1,730,051
Taxation for the year -Deferred (3663) 267,524 427,902 (321487) (1151019)
For prior year- Current (30000) (7000) - - (221797)
For prior year- Deferred 9,249 8,037 (100874) - 136,184
PROFIT AFTER TAXATION 1,091,989 1,702,094 1,762,691 3,130,229 1,301,301
Unappropriated profit brought
forward 963,042 860,300 1,886,845 2,823,072 -
Transfer from general reserve - - - - -
Transfered from surpluson
revaluation of fixed asset-net of tax 23,667 24,870 26,074 24,585 -
Basic/ Diluted earnings per share 3.89 5.75 3.86 4.82 1.63
Profit for the year 1,091,989 1,702,094 1,762,691 3,130,229 1,301,301
Weighted average number of
ordinary shares 280,428 296,016 456,132 650,000 799,500
Bank Alfalah Limited
Comparative Change Base Income Statement
For The Year Ended December 31,
Chaing for defined benefit plan- Gratuity 19,106 16,160 27,492 52,637
Contribution to defined contribution
plan- Provident Fund 19,267 26,254 34,480 32,605
Brokerage and commissions 180,769 137,359 77,365 50,132
Chaing for defined benefit plan- Gratuity 69.40% 34.65% 43.78% 58.30%
Contribution to defined contribution plan-
Provident Fund 56.64% 49.27% 43.35% 28.60%
Brokerage and commissions 129.08% 42.82% 16.89% 9.36%
Bonus shares- interim @nil (2004: @25%) -100.00% #DIV/0! #DIV/0! #DIV/0!
Final dividend for 2004: @ nil (2003: @
25%) -100.00% #DIV/0! #DIV/0! #DIV/0!
Interim dividend @ 12% (2004: @ nil) #DIV/0! -100.00% #DIV/0! #DIV/0!
Transfer to reserves for issue of bonus
shares #DIV/0! -100.00% #DIV/0! #DIV/0!
-1.48% -100.00% #DIV/0! #DIV/0!
2008
100%
74.80%
73.60%
1.20%
19.68%
14.36%
5.32%
0.00%
4.53%
0.99%
65.49%
58.98%
2.40%
2.76%
1.32%
0.03%
34.51%
0.00%
0.00%
10.89%
0.00%
0.07%
9.75%
-3.00%
6.75%
0.00%
-1.42%
16.28%
0.00%
3.54%
0.00%
0.14%
0.24%
-0.43%
-0.19%
0.00%
0.00%
3.50%
0.00%
14.43%
0.00%
9.99%
-3.43%
6.56%
0.00%
-1.42%
19.78%
4.76%
0.09%
11.41%
23.10%
17.48%
8.18%
0.97%
2.95%
5.39%
0.00%
3.77%
0.25%
0.81%
0.55%
0.00%
-0.58%
40.00%
0.00%
33.73%
0.05%
14.01%
0.46%
0.47%
1.89%
4.04%
0.53%
1.29%
1.85%
0.53%
1.70%
0.01%
0.04%
3.88%
0.34%
1.46%
1.18%
0.09%
0.00%
0.40%
34.22%
5.78%
1.59%
5.57%
-3.71%
-0.71%
0.44%
4.19%
0.00%
0.00%
0.00%
4.19%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.19%
0.00%
4.19%
2.58%
2004 2005 2006 2007
Current
Asset 150554030 241693726 265182551 316972828
Current
Liabilities 134673906 231297857 249906022 286843944
Current Asset
2. Current Ratio
Current Liabilities
Current
Asset 150554030 241693726 265182551 316972828
Current
Liabilities 134673906 231297857 249906022 286843944
Sales
3.Sales to Working Capital
Working Capuital
Total Debt
5.Debt Ratio
Total Assets
Total Debt
6.Debt to Equity Ratio
Total Equity
Current
worth 15880124 10395869 15276529 30128884
Net Worth 5,261,484 7,464,126 12241945 16219844
Long-Term Debt
8.Total Capitlization Ratio
Long-Term Debt+SHE
Long term
asset 4,280,504 6,620,067 10502990 11922324
Long term
Debt 14899144 9551810 13537574 25831364
Net
operating
Income 14574192 15118049
Total debt 149,573,050 240,849,667 263443596 312675308
Net Profit
11.Net Profit Margin
sales
Operating Income
12. Operating Income Margin
Net Sales
Operating
Income 14574192 15118049
Net sales 5,620,203 12,246,811 21191470 25783871
Net Proft
13. Return on Asset(ROA)
Total asset
Profit after
Taxation 1,091,989 1,702,094 1762691 3130229
Avg total
Asset 154,834,534 248,313,793 275685541 328895152
Net Profit
14.Return on Equity(ROE) Total Equity
Profit after
taxation 1,091,989 1,702,094 1762691 3130229
Total
equity 4369072 6738063 10572605 13766673
Operating Asset
15. Operating Asset Turnover Net Sales
Operating
Asset 27172979 41122061 51094302 59739440
Net sales 5,620,203 12,246,811 21191470 25783871
Net Profit
16.Return on Operating Asset Operating Asset
Net Sales
17.Sales to Fix Asset Total Fixed Asset
Net Sales
18. Total Asset Turnover Total Assets
Total
Sales 5,620,203 12,246,811 21191470 25783871
Total
Asset 154,834,534 248,313,793 275685541 328895152
SPPS 10 10 10 10
EPS 4.365 5.665 3.525 4.815
DPS 0 0
EPS 4.365 5.665 3.525 4.815
DPS 0 0
SP 10 10 10 10
Liabilities
35000000
30000000
335217471 25000000
Net
20000000
315476169 Workin
15000000 g
Capital
19741302 10000000
5000000
0
2004 2005 2006 2007 2008
1.14
s 1.12
1.10
335217471 1.08
Curren
315476169 1.06 t Ratio
1.04
1.06
1.02
1.00
2004 2005 2006 2007 2008
1.80
1.60
al 1.40
1.20
31046583 1.00 Sales to
Working
0.80 Capital
19741302
0.60
1.57 0.40
0.20
0.00
2004 2005 2006 2007 2008
1.80
1.60
1.40
1.20
22125914 1.00
0.80 Time
Interest
20331194 0.60 Earned
0.40
1.09 0.20
0.00
2004 2005 2006 2007 2008
0.98
0.97
0.97
0.96
331946025
0.96
348990764 0.95
0.95 0.95
0.94
2004 2005 2006 2007 2008
40.00
35.00
331946025 30.00
25.00
14608523 20.00 Debt to
15.00 Equity
22.72 Ratio
10.00
5.00
0.00
2004 2005 2006 2007 2008
3.50
3.00
2.50
19741302
17044739 2.00
Current
1.50 Worth to
1.16 Networth
1.00
0.50
0.00
2004 2005 2006 2007 2008
t
0.90
HE
0.80
16469856 0.70
0.60
31078379
0.50
0.53 0.40 Total
Capitalization
0.30
0.20
0.10
0.00
2004 2005 2006 2007 2008
t
0.90
0.80
0.70
13773293 Long
0.60 term
0.50 asset vs
16469856 Long
0.40 term
debt
0.84 0.30
0.20
0.10
0.00
2004 2005 2006 2007 2008
me
0.06
0.05
0.04
0.03 Debt
0.06
0.05
0.04
16880487
0.03
331946025 Debt
coverage
0.02 ratio
0.05
0.01
0.00
2004 2005 2006 2007 2008
100* 25.00%
20.00%
1301301
31046583 15.00%
5.00%
0.00%
2004 2005 2006 2007 2008
100* 80.00%
70.00%
60.00%
16880487
50.00%
31046583 Row
40.00%
171
54.37% 30.00%
20.00%
10.00%
0.00%
1 2 3 4 5
*100 1.00%
0.90%
0.80%
1301301 0.70%
0.60% Return
on
0.50% Assets
0.40%
0.30%
0.20%
0.10%
1.00%
0.90%
0.80%
0.70%
0.60% Return
on
348990764 0.50% Assets
0.40%
0.37% 0.30%
0.20%
0.10%
0.00%
2004 2005 2006 2007 2008
*100 30.00%
25.00%
1301301 20.00%
5.00%
0.00%
2004 2005 2006 2007 2008
0.50
*100 0.45
0.40
0.35
0.30
68041671 0.25 Operating
31046583 0.20 assets
turnover
0.15
0.46 0.10
0.05
0.00
2004 2005 2006 2007 2008
6.00%
*100 5.00%
1301301 4.00%
3.00% Return
68041671 on
operating
2.00% assets
1.00%
0.00%
2004 2005 2006 2007 2008
5.00%
4.00%
3.00% Return
on
2.00% operating
1.91% assets
1.00%
0.00%
2004 2005 2006 2007 2008
2.50
et
2.00
31046583
1.50
13773293 Sales to
fixed
1.00 assets
2.25
0.50
0.00
2004 2005 2006 2007 2008
`
0.10
0.09
0.08
31046583 0.07
0.06
Total
348990764 0.05 assets
0.04 turnove
0.03 r
0.09
0.02
0.01
0.00
2004 2005 2006 2007 2008
on
6.00
5.00
1301301
799500 4.00
3.00
1.63 Earning
2.00 per share
1.00
0.00
2004 2005 2006 2007 2008
5.00
4.00
3.00
Earning
2.00 per share
1.00
0.00
2004 2005 2006 2007 2008
alysis
ares
e 7.00
6.00
10
5.00
1.627
4.00
6.15 Price
3.00 earning
ratio
2.00
1.00
0.00
2004 2005 2006 2007 2008
re
e 0.80
0.70
1.21 0.60
1.627 0.50
0.40
0.74 Dividend
0.30 Payout
0.20
0.10
0.00
2004 2005 2006 2007 2008
es
0.14
0.12
1.21
0.10
10
0.08
0.12
0.06 Dividen
d yield
0.04
0.02
0.00
2004 2005 2006 2007 2008
0.08
0.06 Dividen
d yield
0.04
0.02
0.00
2004 2005 2006 2007 2008