bank al falah quarterly sep 2005 final

8/3/2019 Bank Al Falah Quarterly Sep 2005 Final

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BANK ALFALAH LIMITED

1

CONTENTS

The Qu arterly finan cial statem ent is availab le on ba nks official webs ite: www.ba nkalfalah.c om

Page No.

CORPORATE INFORMATION 2

DIRECTORS REVIEW 3

BALANCE SHEET 5

PROFIT AND LOSS ACCOUNT 6

CASH FLOW STATEMENT 7

STATEMENT OF CHANGES IN EQUITY 8

NOTES TO THE ACCOUNTS 9

CONSOLIDATED BALANCE SHEET 16

CONSOLIDATED PROFIT AND LOSS ACCOUNT 17

CONSOLIDATED CASH FLOW STATEMENT 18

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 19

CONSOLIDATED NOTES TO THE ACCOUNTS 20

BRANCH NETWORK 25


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B o a r d o f D i r e c t o r s

HE . S h e ikh Ha m d a n Bin Mu b a ra k Al Na h a ya n C h a irm a n

Mr. Ab d u lla Kh a lil Al Mu ta wa Dire c to r

Mr. Ab d u lla Na s s e r Ha wa ile e l AI-Ma n s o o ri Dire c to r

Mr. Kh a lid Ma n a S a e e d Al O ta ib a Dire c to r

Mr. Ik ra m Ul-Ma je e d S e h g a l Dire c to r

Mr. Na d e e m lq b a l S h e ikh Dire c to r

Mr. Mo h a m m a d S a le e m Akh ta r C h ie f E xe c u tive O ffic e r

B o a r d A d v is o r y C o m m i tt e e

Mr. Ab d u lla Kh a lil Al Mu ta wa Dire c to r

Mr. Kh a lid Ma n a S a e e d Al O ta ib a Dire c to r

Mr. Ba s h ir A. Ta h ir Me m b e r

Mr. G a n p a t S in g h vi Me m b e r

Mr. M. lftikh a r S h a b b ir S e c re ta ry

C o m p a n y S e c r e t a ry

Mr. Hamid Ashraf

C hi e f F i na nc i a l Of f i c e r

Mr. Zahid Ali H. Jamall

A u d i t o r s

Taseer Hadi Khal id & Co.

C h a r te r e d A c c o u n t a n ts

R e g i s t e r e d / H e a d O f fic e

B.A. Bu ilding

I.I . Chundrigar Road

P.O. Box 67 73

Karachi .

W e b s i t e : w w w . b a n k a l f a l a h . c o m

2

CORPORATE INFORMATION


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3

DIRECTORS REVIEW

The Board of Directors is pleased to present the un-audited financial statements of the Bank

for the n ine m onth pe riod e nde d Se ptemb er 30, 2005.

N i n e - m o n t h

p e r i o d

e n d e d

S e p t . 2 0 0 5

Nine -mo nth

per iod

e n d e d

S e p t . 2 0 0 4

(Rupee s in '000 ' )

Profit before p rovis ions a nd Taxation 2,342,019 1,449,649

Provisions (279,684) (220,209)

Profit before Taxation 2,062,335 1,229,440

Taxation (702,318) (420,123)

Profit Afte r Ta xa tion 1,360,017 809,317

Un-ap prop riated profit brou gh t forward 860,300 463,042

Transfer from Surplus on revaluation of Fixed Assets 18,652 17,750

Profit available for appropriations 2,238,969 1,290,109

Appropriations

Transfer to statutory reserve (272,003) (161,863)

Interim dividend @12% (360,000) -Bonus shares- Sept. 2005- nil (Sept.2004 @25%) - (500,000)

(632,003) (661,863)

Un-appropriated profit carried forward 1,606,966 628,246

Earnings pe r share Rs. 4.62 Rs. 3.61

During the nine-month period ended the Bank's profit before provision and taxation stood at

Rs. 2,342.019 million as compared to Rs.1,449.649 million for the previous comparable period,

registering an increase of 61.56%. This increase in profit is primarily attributable to overall

increas e in busines s volumes .

In co mplianc e with the c urrent p rudential reg ulations on c ons ume r banking, your Bank ha s

created general provisions amounting to Rs.237.426 million against the consumer portfolio,for the nine month period ended September 2005. These provisions are in addition to the

spe cific p rovisions ma de on the sa me cons umer p ortfolio.

We c ontinue to s treng then our prese nce in the ma rket place a nd a s of Septemb er 30, 2005,

we ha ve a na tionwide ne twork of 132 branc hes that includes 15 Islamic Banking branc hes

and two overseas branches in Dhaka, Bangladesh and Kabul, Afghanistan. Our plan is to add

more b ranche s to the ne twork during the last qua rter of 2005.


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4

PACRA, a premier rating ag en cy of the co untry, ha s ra ted the Bank 'AA', Entity Rating for Long

Term a nd A1+ for the S hort Term. Thes e ratings d en ote a very low expe ctation of cred it risk,

strong capacity for timely payment of financial commitments in the long term and by highest

capa city for timely repayment in the s hort term, respec tively. Further, the unsec ured sub ordinated

de bt (Term Financ e Certifica tes) o f the Ban k has be en awarde d a cred it rating of AA- (do uble

A minus ).

The Board would like to thank o ur valued c ustome rs for their continued pa trona ge and sup port,

the State Bank of Pakistan, Ministry of Finance and other regulatory authorities for their

con tinuou s g uida nce and sup po rt with whom we e njoy a very cordial relations hip. The Boa rd

would also like to place on rec ord its a pp reciation for the hard work, de dication, p rofes sionalism

and sincere efforts of the senior management, officers and staff of the Bank at all levels.

MOHAMMAD SALEEM AKHTAR

Director & Chief Executive Officer

Date: Oc tober 28, 2005Place : Abu Dhabi


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5

BALANCE SHEET

AS AT SEPTEMBER 30 , 2005

(Rupees in '000 ' )

A S S E T S

C a s h a n d b a la n c e s w i th t re a s u r y b a n k s 1 8 , 3 0 7 , 5 9 3 1 9 , 7 0 8 , 5 1 8

B a l a n c e s w it h o t h e r b a n k s 9 , 7 4 2 , 6 8 9 3 , 1 8 3 , 9 5 7

L e n d i n g s t o f in a n c ia l in s t it u t io n s 8 , 1 7 1 , 8 7 8 -In v e s tm e n ts 4 4 9 , 9 7 2 , 9 0 4 3 5 , 5 0 3 , 1 9 6

A d v a n c e s 5 1 0 3 , 9 5 5 , 7 9 0 8 8 , 9 3 1 , 4 0 0

O t h e r a s s e t s 3 , 7 2 3 , 2 3 7 3 , 2 2 6 , 9 5 9

O p e r a t in g f ix e d a s s e t s 5 , 8 5 3 , 6 6 4 4 , 2 8 0 , 5 0 4

D e f e r r e d t a x a s s e t s - -

1 9 9 , 7 2 7 , 7 5 5 1 5 4 , 8 3 4 , 5 3 4

L I A B I L I T I E S

B i ll s p a y a b l e 4 , 0 6 2 , 2 2 0 2 , 2 3 3 , 6 7 1

B o r r o w i n g s f r o m f i n a n c i a l i n s t i t u t i o n s 9 , 5 5 8 , 2 2 2 1 2 , 7 2 3 , 8 3 0

D e p o s it s a n d o t h e r a c c o u n t s 1 7 2 , 2 5 2 , 5 1 5 1 2 9 , 7 1 4 , 8 9 1

S u b - o rd i n a te d lo a n s 1 , 8 9 9 , 1 1 0 1 , 8 9 9 , 4 8 0

L ia b ilit ie s a g a i n s t a s s e t s s u b j e c t t o f in a n c e le a s e - -

O t h e r li a b i li t ie s 4 , 5 7 8 , 9 0 7 2 , 7 2 5 , 3 4 4D e f e r r e d t a x l i a b i l i t i e s 3 0 4 , 6 9 5 2 7 5 , 8 3 4

1 9 2 , 6 5 5 , 6 6 9 1 4 9 , 5 7 3 , 0 5 0

N E T A S S E T S 7 , 0 7 2 , 0 8 6 5 , 2 6 1 , 4 8 4

R E P R E S E N T E D B Y

S h a r e c a p i ta l 2 , 9 9 9 , 8 0 0 2 , 5 0 0 , 0 0 0

R e s e r v e s 1 , 7 8 0 , 6 0 6 1 , 0 0 8 , 7 7 2

U n a p p r o p r ia t e d p r o fit 1 , 6 0 6 , 9 6 6 8 6 0 , 3 0 0

6 , 3 8 7 , 3 7 2 4 , 3 6 9 , 0 7 2

S u r p lu s o n r e v a l u a t io n o f a s s e t s - n e t o f d e f e r re d t a x 6 8 4 , 7 1 4 8 9 2 , 4 1 2

7 , 0 7 2 , 0 8 6 5 , 2 6 1 , 4 8 4

C O N T I N G E N C I E S A N D C O M M I T M E N T S 6

T h e a n n e x e d n o t e s 1 t o 9 f o rm a n i n te g r a l p a r t o f th e s e a c c o u n t s .

Note

ChairmanDirectorDirectorChief Exec utive Officer

3 0 S e p t e m b e r2 0 0 5

3 1 D e c e m b e r2 0 0 4

( u n - a u d i t e d )


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6

PROFIT AND LOSS ACCOUNT (un-audited)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005

T h r e e M o n t h sP e r i o d E n d e d3 0 S e p t , 2 0 0 5

(Rupee s in '000 ' )

M a r k - u p / r e t u r n / in t e r e s t e a r n e d 3 , 5 7 3 , 0 4 6 8 , 2 0 4 , 3 1 1 1 , 4 9 5 , 2 6 3 3 , 8 3 0 , 1 5 8M a r k - u p / r e tu r n / in t e r e s t e x p e n s e d ( 2 ,0 6 2 ,8 3 6 ) ( 4 ,3 3 1 ,4 7 2 ) ( 6 1 1 , 2 2 1 ) ( 1 ,6 2 6 ,8 0 8 )N e t m a r k - u p / r e t u r n / in t e r e s t in c o m e 1 , 5 1 0 , 2 1 0 3 , 8 7 2 , 8 3 9 8 8 4 , 0 4 2 2 , 2 0 3 , 3 5 0

P r o v is io n a g a i n s t n o n - p e r fo r m i n g l o a n s a n d a d v a n c e s ( 9 8 , 6 0 2 ) ( 2 6 6 , 0 8 6 ) ( 1 1 6 , 7 9 1 ) ( 2 1 3 , 7 4 7 )P r o v i s io n fo r d im in u t io n in t h e v a l u e o f in v e s t m e n t s 3 5 , 6 0 3 ( 1 3 , 5 9 8 ) ( 6 , 4 6 2 ) ( 6 , 4 6 2 )B a d d e b t s w r it te n o f f d i r e c t l y ( 4 1 ) ( 3 2 5 ) ( 3 8 5 ) ( 1 , 0 7 3 )

( 6 3 , 0 4 0 ) ( 2 8 0 , 0 0 9 ) ( 1 2 3 , 6 3 8 ) ( 2 2 1 , 2 8 2 )N e t m a r k - u p / r e t u r n / in t e r e s t i n c o m e a ft e r p r o v is i o n s 1 , 4 4 7 , 1 7 0 3 , 5 9 2 , 8 3 0 7 6 0 , 4 0 4 1 , 9 8 2 , 0 6 8

N o n m a r k -u p / in t e r e s t in c o m e

F e e , c o m m is s io n a n d b r o k e ra g e in c o m e 3 1 6 , 6 2 5 7 8 4 , 5 1 5 1 7 6 , 5 4 3 4 7 3 , 3 8 1D iv id e n d in c o m e 1 6 , 1 7 9 4 1 , 8 2 1 9 3 8 3 3 , 9 3 0In c o m e fr o m t ra d i n g in g o v e r n m e n t s e c u r it ie s - - - -In c o m e f ro m d e a l in g i n fo r e i g n c u r re n c ie s 8 3 , 6 8 6 1 9 1 , 8 8 6 6 7 , 4 5 5 1 5 5 , 7 8 8O t h e r in c o m e 7 1 2 4 , 6 0 4 4 5 5 , 2 9 0 1 1 3 , 6 5 1 5 1 9 , 2 8 7To t a l n o n - m a r k u p / in t e r e s t in c o m e 5 4 1 , 0 9 4 1 , 4 7 3 , 5 1 2 3 5 8 , 5 8 7 1 , 1 8 2 , 3 8 6

1 , 9 8 8 , 2 6 4 5 , 0 6 6 , 3 4 2 1 , 1 1 8 , 9 9 1 3 , 1 6 4 , 4 5 4N o n m a r k -u p / in t e r e s t e x p e n s e

A d m i n i s t r a t i v e e x p e n s e s 1 , 2 0 1 , 1 6 1 2 , 9 9 3 , 9 7 3 7 4 0 , 8 4 6 1 , 9 3 3 , 4 1 0

O t h e r p r o v i s io n s / w r it e - o f fs - 9 , 6 7 3 - -O t h e r c h a r g e s 3 2 3 6 1 1 , 5 5 6 1 , 6 0 4To t a l n o n - m a r k u p / in t e r e s t e x p e n s e s 1 , 2 0 1 , 1 9 3 3 , 0 0 4 , 0 0 7 7 4 2 , 4 0 2 1 , 9 3 5 , 0 1 4E x t ra o r d in a r y / u n u s u a l it e m s - - - -P r o f it b e fo r e t a x a t io n 7 8 7 , 0 7 1 2 , 0 6 2 , 3 3 5 3 7 6 , 5 8 9 1 , 2 2 9 , 4 4 0

T a x a t i o n- C u r re n t 2 1 1 , 5 6 7 6 0 5 , 5 0 7 2 2 1 , 9 2 4 5 6 7 , 4 2 5- P r i o r - ( 6 , 0 0 0 ) - ( 3 0 , 0 0 0 )- D e f e r r e d 6 2 , 0 8 9 1 0 2 , 8 1 1 ( 6 1 , 8 9 2 ) ( 1 1 7 , 3 0 2 )

2 7 3 , 6 5 6 7 0 2 , 3 1 8 1 6 0 , 0 3 2 4 2 0 , 1 2 3P r o f i t a f t e r t a x a t i o n 5 1 3 , 4 1 5 1 , 3 6 0 , 0 1 7 2 1 6 , 5 5 7 8 0 9 , 3 1 7

U n a p p r o p r ia t e d p r o f it b r o u g h t fo r w a r d 1 , 1 9 0 , 0 1 7 8 6 0 , 3 0 0 9 4 9 , 0 8 4 4 6 3 , 0 4 2T ra n s f e r re d fr o m s u r p lu s o n r e v a l u a t io n o f fix e d a s s e t s 6 , 2 1 7 1 8 , 6 5 2 5 , 9 1 6 1 7 , 7 5 0P r o f it a v a il a b le fo r a p p r o p r ia t io n 1 , 7 0 9 , 6 4 9 2 , 2 3 8 , 9 6 9 1 , 1 7 1 , 5 5 7 1 , 2 9 0 , 1 0 9

A p p r o p r i a t i o n sT ra n s f e r re d t o s t a t u t o r y r e s e r v e ( 1 0 2 , 6 8 3 ) ( 2 7 2 , 0 0 3 ) ( 4 3 , 3 1 1 ) ( 1 6 1 , 8 6 3 )B o n u s s h a r e s - - ( 5 0 0 , 0 0 0 ) ( 5 0 0 , 0 0 0 )In t e rim d i vid e n d @ 1 2 p e r c e n t - ( 3 6 0 , 0 0 0 ) - -

( 1 0 2 , 6 8 3 ) ( 6 3 2 , 0 0 3 ) ( 5 4 3 , 3 1 1 ) ( 6 6 1 , 8 6 3 )U n - a p p r o p r ia t e d p r o f it c a r r ie d fo r w a r d 1 , 6 0 6 , 9 6 6 1 , 6 0 6 , 9 6 6 6 2 8 , 2 4 6 6 2 8 , 2 4 6

B a s i c / D i lu t e d e a r n in g s p e r s h a r e R u p e e s 1 . 7 1 4 . 6 2 0 . 9 6 3 . 6 1

T h e a n n e x e d n o t e s 1 t o 9 f o r m a n i n te g r a l p a r t o f th e s e a c c o u n t s .

Note


N i n e M o n t h sP e r i o d E n d e d3 0 S e p t , 2 0 0 5

2 0 0 5

T h r e e M o n t h sP e r io d E n d e d3 0 S e p t , 2 0 0 4

N i n e M o n t h sP e r io d E n d e d3 0 S e p t , 2 0 0 4

2 0 0 4


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C A SH FLO W FR O M O P ER A TING A C TIVITI ESProfit be fore taxation 2 , 0 6 2 , 3 3 5 1 ,2 2 9 ,4 4 0Less : Dividend income ( 4 1 , 8 2 1 ) ( 33 ,9 30 )

2 , 0 2 0 , 5 1 4 1 ,19 5 ,5 10A djus tme n t s fo r non -c a s h c ha rge s

Deprecia t ion 3 3 1 , 7 4 1 2 0 5 ,34 7

Write off /Amortisa t ion - intang ible a sse ts 1 0 , 2 2 0 9 ,0 72Prov is ion a g a ins t non -pe r fo rming a d va nc e s ( ne t o f r e ve r s a ls ) 2 6 6 , 0 8 6 2 13 ,74 7Provis ion for diminution in value of inves tme nts 1 3 , 5 9 8 6 ,4 62Bad de bts writ ten-off direct ly 3 2 5 1 ,0 73G a in on s a l e o f ope ra t ing f ixe d a s s e t s ( 1 , 7 4 0 ) ( 3 ,4 9 8 )Provision for gratuity 3 7 , 9 3 5 2 7 ,78 1

6 5 8 , 1 6 5 4 5 9 , 9 8 42 , 6 7 8 , 6 7 9 1 ,65 5 ,4 9 4

( Inc re a s e ) / de c re a s e in ope ra t ing a s s e t sLending to financial institutions ( 7 , 2 4 1 , 8 7 8 ) 5 ,2 4 9 ,74 8A dva nc e s ( 1 5 , 2 9 0 , 8 0 1 ) ( 2 6 ,768 ,5 61 )O the r a s s e t s ( 4 5 1 , 7 9 1 ) ( 1 ,164 ,0 4 4 )

( 2 2 , 9 8 4 , 4 7 0 ) ( 2 2 ,68 2 ,8 5 7 )Increase / (dec reas e) in ope rat ing l iab ili ties

Bills payable 1 , 8 2 8 , 5 4 9 1 ,675 ,39 9Borrowings from financial institutions ( 3 , 1 6 5 , 6 0 8 ) 16 ,8 9 3 ,0 30Depos its 4 2 , 5 3 7 , 6 2 4 2 3 ,761 ,72 3Othe r liabilities 1 , 8 9 9 , 8 8 3 78 4 ,8 9 0

4 3 , 1 0 0 , 4 4 8 4 3 ,115 ,0 4 2

2 2 , 7 9 4 , 6 5 7 2 2 ,0 8 7 ,679Gratuity paid ( 5 , 0 0 0 ) -Inc om e t a x pa id ( 7 1 6 , 0 7 8 ) ( 1 ,0 74 ,60 4 ) N e t c a s h f l o w f r o m o p e r a t i n g a c t i v i t i e s 2 2 , 0 7 3 , 5 7 9 2 1 ,0 13 ,0 75

C A SH FLO W FR O M I NVESTI NG A C TIVITI ESNet inves tments ( 1 4 , 7 4 6 , 3 0 1 ) ( 12 ,10 1 ,8 9 8 )Divide nd re ceived 3 4 , 6 8 0 36 ,4 33Inves tments in operat ing fixed assets ( 1 , 9 1 9 , 6 5 5 ) ( 1 ,2 0 5 ,0 15 )Sa le p roc e e d s o f p rope r ty a nd e qu ipme n t d is pos e d -o f f 6 , 2 7 4 4 ,2 60N e t c a s h f lo w f ro m i n v e s t i n g a c t iv i ti e s (1 6 , 6 2 5 , 0 0 2 ) ( 13 ,2 66 ,2 2 0 )

C A SH FLO W FR O M FI NA NC I NG A C TI VI TIESIs s ue o f Sha re C a p it a l 4 9 9 , 8 0 0 -Sha re p re mium re c e ive d 4 9 9 , 8 0 0 -Issuan ce / ( red em ption) of term finance cert ifica te ( 3 7 0 ) 9 9 9 ,8 70Divide nd pa id ( 3 6 0 , 0 0 0 ) ( 5 0 0 ,0 0 0 )N e t c a s h f lo w f ro m f in a n c i n g a c t iv i ti e s 6 3 9 , 2 3 0 4 9 9 ,8 70

In c re a s e in c a s h a n d c a s h e q u iva le n ts 6 ,0 8 7 ,8 0 7 8 ,2 4 6 ,72 5

C a s h a nd c a s h e qu iva le n t s a t be g inn ing o f t he pe r iod 2 2 , 8 9 2 , 4 7 5 9 ,70 0 ,316C a s h a nd c a s h e q u iva le n t s a t e nd o f t he pe r iod 2 8 , 9 8 0 , 2 8 2 17 ,9 4 7 ,0 4 1

C A SH A ND C A SH EQ UI VA LENTS A T END O F TH E PE R I O DC a s h a nd ba la nc e s w ith tr e a s u ry ba nks 1 8 , 3 0 7 , 5 9 3 14 ,38 5 ,9 8 1B a la nc e s w ith o the r ba nks 9 , 7 4 2 , 6 8 9 3 ,2 61 ,0 60C a l l mone y l e nd ings 9 3 0 , 0 0 0 30 0 ,0 0 0

2 8 , 9 8 0 , 2 8 2 17 ,9 4 7 ,0 4 1T he a nne xe d no te s 1 to 9 fo rm a n in t e g ra l pa r t o f t he s e a c c oun t s .


7

CASH FLOW STATEMENT (un-audited)



(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 4

3 0 S e p t e m b e r2 0 0 5


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8

STATEMENT OF CHANGES IN EQUITY (un-audited)


B a l a n c e a t J a n u a r y 1 , 2 0 0 4a s p r e v io u s l y re p o r te d 2 ,0 0 0 , 0 0 0 - 7 9 0 , 3 7 4 - - 4 6 3 ,0 4 2 3 , 2 5 3 , 4 1 6

E f fe c t o f C h a n g e in a c c o u n t in g p o l ic y w i th r e s p e c tt o d iv id e n d d e c la re d a ft e r t h e b a la n c e s h e e t d a te - - - - - 5 00 ,0 0 0 5 0 0 ,0 00

B a l a n c e a t J a n u a r y 1 , 2 0 0 4 a s r e s t a te d 2 ,0 0 0 , 0 0 0 - 7 9 0 , 3 7 4 - - 9 6 3 ,0 4 2 3 , 7 5 3 , 4 1 6

N e t p r o fit fo r t h e p e r io d - - - - - 8 0 9 ,3 1 7 8 0 9 , 3 1 7

T ra n s fe r f ro m s u r p l u s o n r e v a l u a t i o no f fix e d a s s e t s - n e t o f t a x - - - - - 1 7 ,7 5 0 1 7 , 7 5 0

Tr a n s fe r t o s t a t u t o r y r e s e r v e - - 1 6 1 , 8 6 3 - - (1 6 1 ,8 6 3 ) -

D iv id e n d p a id - - - - - ( 5 0 0 ,0 0 0 ) (5 0 0 ,0 0 0 )

R e s e r v e fo r is s u e o f b o n u s s h a r e s - - - 5 0 0 , 0 0 0 - ( 5 0 0 ,0 0 0 ) -

B a la n c e a t S e p t e m b e r 3 0 , 2 0 0 4 2 , 0 0 0 , 0 0 0 - 9 5 2 , 2 3 7 5 0 0 , 0 0 0 - 6 2 8 , 2 4 6 4 , 0 8 0 , 4 8 3


T ra n s fe r f ro m s u r p l u s o n r e v a l u a t i o no f fix e d a s s e t s - n e t o f t a x - - - - - 5 ,9 1 7 5 ,9 1 7

Tr a n s fe r t o s t a t u t o r y r e s e r v e - - 5 6 , 5 3 5 - (5 6 ,5 3 5 ) -

Is s u e o f b o n u s s h a r e s 5 0 0 , 0 0 0 (5 0 0 ,0 0 0 )

B a la n c e a t D e c e m b e r 3 1 , 2 0 0 4 2 , 5 0 0 , 0 0 0 - 1 , 0 0 8 , 7 7 2 - - 8 6 0 , 3 0 0 4 , 3 6 9 , 0 7 2

N e t p r o fit fo r t h e p e r io d - - - - - 1 , 3 6 0 ,0 1 7 1 , 3 6 0 , 0 1 7

Tr a n s fe r t o s t a t u t o r y r e s e r v e - - 2 7 2 , 0 0 3 - - (2 7 2 ,0 0 3 ) -

T ra n s fe r f ro m s u r p l u s o n r e v a l u a t i o no f fix e d a s s e t s - n e t o f t a x - - - - - 1 8 ,6 5 2 1 8 , 6 5 2

Is s u e o f R ig h t s s h a r e s 4 9 9 , 8 0 0 4 9 9 , 8 0 0 - - - - 9 9 9 , 6 0 0

E ffe c t o f fo r e ig n c u r r e n c y t r a n s la t io n - - - - 3 1 - 3 1

In t e r im d iv id e n d @ 1 2 p e r c e n t - - ( 3 6 0 ,0 0 0 ) (3 6 0 ,0 0 0 )

B a la n c e a t S e p t m b e r 3 0 , 2 0 0 5 2 , 9 9 9 , 8 0 0 4 9 9 , 8 0 0 1 , 2 8 0 , 7 7 5 - 3 1 1 , 6 0 6 , 9 6 6 6 , 3 8 7 , 3 7 2

T h e a n n e x e d n o t e s 1 t o 9 fo r m a n i n te g r a l p a r t o f th e s e a c c o u n t s .


S h a r eC a p i t a l

S t a t u t o r yR e s e r v e

S h a r eP r e m i u m

U n a p p r o p r i a t e dp r o f it T O T A L

E x c h a n g eT r a n s l a t i o n

R e s e r v e

( R u p e e s i n '0 0 0 ')

R e s e r v e f o rI s s u e o f

B o n u s S h a r e


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9

NOTES TO THE ACCOUNTS


1. STATUS AND NATURE OF BUSINESS

Bank Alfalah Limited (the Bank) was incorporated in Pakistan on Ju ne 21, 1992 as a pub lic

limited unde r the Co mpa nies Ordinan ce, 1984. It comme nce d b anking o pe rations from

Novem be r 1, 1992. The Bank is e nga ge d in banking s ervices as de sc ribe d in the Banking

Companies Ordinance, 1962 and is operating through 115 conventional banking (December

2004: 90) branche s a nd 15 Islamic Banking (Decemb er 2004: 11) branches and 2 overseas

branches(December 2004:Nil). Its registered office is situated at B.A. Building, I. I.

Chundrigar Road, Karachi.

The Bank is listed on Karachi Stock Exchang e (Gua rantee ) Limited an d Lahore S tock

Exchange (Guarantee) Limited with effect from July 5, 2004 and July 6, 2004 respectively.

2. BASIS OF PRESENTATION

Thes e financ ial statements a re being pres ented in a cond ens ed form in ac cordanc e with

the requ ireme nts of Interna tiona l Acc oun ting Stan da rd 34 Interim Financ ial Repo rting

and on the Format of the Accou nts a nd Mode of Disclosures iss ued by the S tate Bank

of Pakis tan through i ts BSD Circular Let ter No. 02 dated May 12, 2004.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting policies adopted in preparation of these financial statements are same

as those adopted in the preparation of the financial statements for the preceding year

ende d Decemb er 31, 2004.

Foreign operations

Initial rec og nition

The as se ts a nd liab ilities of foreign branc hes taken o ver are initially recog nise d at co st

an y res ulting go od will is imm ed iately written o ff.

Subse quent measurem ent

Assets and liabilities of the foreign operation are translated into rupees at the exchange

rate prevailing at the b alance she et da te. Profit and loss acc ount is trans lated at the

average rate of conversion for the period.

Gains and losses arising on translation are taken to Exchange Translation Reserve.


10/29

(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 5

( u n - a u d i t e d )


10


H e ld fo r t r a d in g s e c u r it ie s 4 7 9 , 0 3 8 - 4 7 9 , 0 3 8 2 8 3 , 0 6 5 - 2 8 3 , 0 6 5

A v a ila b le fo r s a le s e c u r it ie s 4 .1 .1 7 ,6 5 2 , 7 8 6 1 ,2 4 1 , 2 7 7 8 ,8 9 4 , 0 6 3 4 , 4 3 3 , 9 3 5 8 7 7 ,4 2 0 5 ,3 1 1 , 3 5 5

H e ld t o m a t u r it y s e c u r it ie s 3 6 ,4 2 0 , 1 2 2 2 ,3 4 1 , 2 1 6 3 8 ,7 6 1 , 3 3 8 2 3 , 6 8 0 , 4 4 7 4 , 8 5 7 ,8 9 8 2 8 ,5 3 8 , 3 4 5

4 4,5 51 , 9 4 6 3 ,5 82 , 4 9 3 4 8 ,1 34 , 4 3 9 2 8 , 3 9 7, 4 4 7 5 , 7 3 5,3 18 3 4 ,1 3 2, 7 6 5

S u b s i d i a r i e s 1 0 9 , 6 0 0 - 1 0 9 , 6 0 0 7 5 , 6 0 0 - 7 5 , 6 0 0

A s s o c i a t e s 1 ,8 4 8 , 8 0 4 - 1 ,8 4 8 , 8 0 4 1 , 1 3 8 , 1 7 6 - 1 ,1 3 8 , 1 7 6

4 6,5 10 , 3 5 0 3 ,5 82 , 4 9 3 5 0 ,0 92 , 8 4 3 2 9 , 6 1 1, 2 2 3 5 , 7 3 5,3 18 3 5 ,3 4 6, 5 4 1

P r o v i s i o n f o r d i m i n u t i o n i n v a l u e

o f h e ld fo r t r a d in g in v e s t m e n t s (1 5 , 7 6 3 ) - (1 5 ,7 6 3 ) (2 ,1 6 5 ) - (2 ,1 6 5 )

( D e f ic i t) / s u r p l u s o n r e v a l u a t io n o f

a v a ila b le fo r s a le s e c u r it ie s (8 9 , 0 3 8 ) (1 5 , 1 3 8 ) (1 0 4 , 1 7 6 ) 1 3 8 , 4 7 1 2 0 ,3 4 9 1 5 8 , 8 2 0

4 6,4 05 , 5 4 9 3 ,5 67 , 3 5 5 4 9 ,9 72 , 9 0 4 2 9 , 7 4 7, 5 2 9 5 , 7 5 5,6 67 3 5 ,5 0 3, 1 9 6

3 0 S e p t e m b e r 2 0 0 5 ( u n -a u d i te d )

G i ve n a sc o l l a t e r a l

T o t a l

3 1 D e c e m b e r 2 0 0 4

H e l d b yb a n k

G i v e n a sc o l l a t e r a l

( R u p e e s in ' 0 0 0 ')

H e l d b yb a n k

T o t a l

4 . IN VE S TM EN TS

4 .1 In ve s t m e nts b y ty p e s

4 .1 .1 This includes inves tme nts in ordinary sh ares of lis ted com pa nies of Rs .102 .792 m illion (20 04 : Rs .124 .58 7 million)of Islam ic Ban king Division

5 . ADVAN C E S

L oans , ca s h c r ed i ts , r unn ing financ es e tc .

- in Pa kis tan 8 7 , 3 0 2 , 8 1 6 8 0 ,733 ,2 1 0

- outs ide Pakis tan 1 , 3 2 2 , 0 4 9 -

Net inves tmen t in f ina nce lease / Ijara F ina ncing

- in Pa kis tan 1 1 , 1 9 2 , 6 7 1 6 ,374 ,637

- outs ide Pakis tan - -

B ills d i s coun ted and pu rchas ed ( exc lud ing t r eas u ry b ills )

- Payab le in Pakis tan 1 , 8 6 2 , 8 1 8 1 ,64 7 ,1 1 1

- P ayab le ou t s ide P ak is tan 3 , 8 2 4 , 9 2 5 1 ,5 36 ,4 9 9

5 , 6 8 7 , 7 4 3 3 ,1 8 3 ,61 0

1 0 5 , 5 0 5 , 2 7 9 9 0 ,2 9 1 ,4 5 7

Provis ion for non-performing a dvan ce s - Sp ec ific ( 7 8 6 , 1 8 2 ) ( 8 5 1 ,1 1 9 )

P rov is ion fo r non -per fo rm ing advanc es - G ene ra l ( 7 6 3 , 3 0 7 ) ( 5 0 8 ,9 38 )

5 .1 1 0 3 , 9 5 5 , 7 9 0 8 8 ,9 31 ,4 0 0

5 .1 Th is inc lude s A dvances o f Is l am ic b ank ing D iv is ion am o un t ing to Rs . 8 ,9 2 2 . 0 9 9 m i llion ( 2 0 0 4 : Rs . 4 ,0 63 .2 2 7

million)

3 1 D e c e m b e r2 0 0 4


11/29

5 .2 C a t e g o ry o f c la s s i f ic a t io n

O t h e r A s s e ts E s p e c ia lly M e n t io n e d 8 3 , 5 8 7 - 8 3 , 5 8 7 - 2 7 2

S u b s ta n d a r d 8 5 , 5 6 9 - 8 5 , 5 6 9 5 , 0 9 2 7 , 2 6 0

D o u b t fu l 1 6 , 4 2 0 - 1 6 , 4 2 0 2 , 8 0 0 6 , 4 8 3

L o s s 8 2 7 , 1 5 6 4 3 , 1 8 0 8 7 0 , 3 3 6 7 6 0 , 0 8 8 7 7 2 , 1 6 7

1 , 0 1 2 , 7 3 2 4 3 , 1 8 0 1 , 0 5 5 , 9 1 2 7 6 7 , 9 8 0 7 6 3 , 3 0 7 7 8 6 , 1 8 2 7 6 3 , 3 0 7


11


O v e r s e a s To t a l S p e c if ic

P r o v i s io n R e q u i r e d

G e n e r a l S p e c if ic

( R u p e e s i n ' 0 0 0 ')

G e n e r a lD o m e s t i c

P r o v i s i o n h l e d

(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 5

( u n - a u d i t e d )

6 . C O N TIN G EN C IE S AN D C OM M IT ME N TS

6 .1 D ir e c t c r e d it s u b s t it u te s

Con tinge nt liab ility in res pe ct of guara ntee s g iven favour ing:

- G overnm en t 8 7 6 , 6 3 7 636 ,9 62

- Banking c om pa nies a nd o ther fina ncial ins t itu t ions 6 4 , 0 1 0 72 ,4 75

- Others 1 , 2 0 2 , 6 8 9 5 5 9 , 0 5 0

2 , 1 4 3 , 3 3 6 1 ,2 68 ,4 8 7

6 . 2 Tr a n s a c t i o n -r e la t e d c o n t in g e n t lia b i lit ie s

Cont inge n t l iab i lity in r e s pe c t o f pe r fo rm anc e bon ds , b id bo nds ,

shipping guarantees , s tandby let ters of credit etc . favour ing:

- G overnm en t 8 , 6 9 3 , 9 9 9 9 ,1 5 4 ,5 1 6

- Banking c om pa nies a nd o ther fina ncial ins t itu t ions 2 9 3 , 5 1 4 75 ,0 37

- Others 4 , 6 8 9 , 3 7 4 3 ,2 8 6 ,5 5 4

1 3 , 6 7 6 , 8 8 7 1 2 ,5 1 6 ,1 0 7

6 . 3 Tr a d e - re l a t e d c o n t in g e n t l ia b i lit ie s

Letters of cred it 2 2 , 0 2 5 , 2 7 9 1 4 ,69 8 ,8 4 2

A c c e p t a n c e s 4 , 8 1 1 , 0 3 2 4 ,5 1 0 ,2 4 7

6 .4 O th e r c o n tin g e n c ie s

Cla im s a ga ins t the Banks no t acknow ledge d as de b t 3 7 2 , 8 2 2 70 1 ,2 0 0

3 1 D e c e m b e r2 0 0 4


12/29

(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 5

( u n - a u d i t e d )

3 1 D e c e m b e r2 0 0 4


12


6 .5 C o m m it m e n ts i n r e s p e c t o f fo r wa r d le n d in g

Fo rwa rd c a ll le n d in g - -

Fo rw ard r epu rchas e ag reem en t l end ing 5 4 6 , 4 8 6 -

Com m itm en ts to ex tend c r ed it 1 , 4 2 1 , 0 0 0 8 66 ,0 0 0

Others - -1 , 9 6 7 , 4 8 6 8 66 ,0 0 0

6 .6 C o m m it m e n ts i n re s p e c t o f fo r wa r d e x c h a n g e c o n tr a c ts

P u r c h a s e 5 , 0 2 3 , 3 6 8 8 ,9 4 7 ,31 7

Sale 8 , 3 7 8 , 1 6 4 5 ,35 1 ,9 0 9

6 .7 C o m m it m e n ts fo r t h e a c q u i s it io n o f o p e r a t in g

fixe d a s s e ts a n d in ta n g ib le s 5 6 1 ,3 4 9 1 1 9 ,30 0

6 .8 C o m m it m e n ts in re s p e c t r e p o tr a n s a c tio n s

R e p u r c h a s e 3 , 6 5 1 , 3 0 7 5 ,5 4 2 ,0 1 3

Res a le 7 , 3 3 0 , 1 2 8 -

7 . O TH E R IN C O ME

N e t p r o fit o n s a le o f p ro p e r ty a n d e q u ip m e n t 5 7 0 1 , 7 4 0 1 , 6 5 8 3 , 4 9 8

G a in / ( lo s s ) o n s a le o f s h a r e s / c e r tifi c a t e s - n e t ( 8 4 5 ) 1 4 1 , 5 2 1 1 4 , 4 5 7 2 4 0 ,0 1 4

G a i n o n s a l e o f G o v e r n m e n t S e c u r it ie s 7 , 4 4 4 7 , 4 4 4 - 2 , 5 9 0

O t h e r s 1 1 7 , 4 3 5 3 0 4 , 5 8 5 9 7 , 5 3 6 2 7 3 ,1 8 5

1 2 4 , 6 0 4 4 5 5 , 2 9 0 1 1 3 , 6 5 1 5 1 9 ,2 8 7

7 .1 This include s o ther incom e of Rs . 21 .637 million (2004 : Rs . 17.96 2 m il lion) o f Is lamic Ba nking Divis ion.


2 0 0 5 ( u n - a u d it e d )


2 0 0 4 ( u n -a u d ite d )

( R u p e e s in ' 0 0 0 ')




13/29

(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 5

( u n - a u d i t e d )

3 1 D e c e m b e r2 0 0 4

8 . R E LAT ED P AR TY T RAN S AC T IO N S

Part ies are c ons ide red to b e related if one pa r ty has the a bility to co ntrol the othe r par ty or exercise s ignifica nt

in f luence over the o the r pa r ty in m ak ing f inanc ia l o r opera t iona l dec i s ions and inc lude ho ld ing com pany ,

ass ociated com pa nies with or without comm on directors , ret ireme nt bene fit fund s , d irectors and key man ag em ent

per s onne l .

Bank ing t rans a c t ions w ith the r e la ted pa r t ie s a r e e xecu ted s ubs tan t ia l ly on the s am e te rm s , inc lud ing m a rk up

ra tes an d c o l la te r a l , a s thos e p r eva iling a t the t im e fo r com pa rab le t rans ac t ions w ith un re la ted pa r t ie s and do

n o t i n v o l v e m o r e t h a n a n o r m a l r i s k ( i . e . u n d e r t h e c o m p a r a b l e u n c o n t r o l l e d p r i c e m e t h o d ) .

Con t r ibu t ions to a nd a cc rua l s in r e s p ec t o f s t a ff r e t ir em e n ts and o the r be nef it p lans a r e m ade in ac co rda nce

w ith the a c tua r ia l va lua t ions / t e rm s o f the con t r ibu t ion p lan . Rem u nera t ion to the e xecu t ives a r e de te rm ined

in a cco rda nce w ith the t e rm s o f the i r appo in tm en t .

Detai ls of t ransactions with related par t ies and balances with them excluding those entered into with directors /

execu t ives a s p e r the i r t e rm s o f em p loym en t a s a t the pe r iod -end w ere as fo l low s :

8 .1 F in an cin g

Balance a t be g inn ing o f the pe r iod 1 0 0 , 7 0 6 3 ,4 4 8

N e t m o ve m e n t 9 3 , 4 5 2 9 7 ,2 5 8

Balance a t the end o f the p e r iod 1 9 4 , 1 5 8 1 0 0 ,70 6

Thes e acc oun ts a r e o f cu r ren t na tu re w h ich a r e s ub jec t to va r ia t ions .

8 .2 De po s its

Balance a t be g inn ing o f the pe r iod 6 0 , 3 2 9 2 5 ,1 64

P lacem e n t du r ing the p e r iod 1 4 , 9 3 3 , 2 5 7 30 ,79 9 ,0 0 8

Withdra wal dur ing the pe r iod ( 1 4 , 3 2 8 , 0 9 4 ) (30 ,763 ,8 4 3 )

Ba lance a t the end o f the p e r iod 6 6 5 , 4 9 2 60 ,32 9


13



14/29


14


(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 5

( u n - a u d i t e d )

3 1 D e c e m b e r2 0 0 4

8 .3 Mark-up / in teres t ea rned 8 , 2 2 7 3 ,1 37

B ro k e r a g e e x p e n s e 2 , 7 2 7 5 ,2 9 9

Ren t incom e 1 , 7 5 2 8 38

F inance l eas e incom e 9 3 8 2

L eas e r en ta ls 1 , 1 8 5 39 8

L eas es d i s bu r s ed d u r ing the yea r to s ubs id ia ry com pa ny - 1 ,8 8 5

M ax im um am oun t u t ilis ed unde r Runn ing F inance a r r angem en t 2 2 5 , 1 5 0 2 1 1 , 1 5 2

Contr ibution to employee provident fund 3 9 , 2 1 8 34 ,0 1 4

Rem une rat ion to Directors / C hief Exec utive 1 1 , 9 4 9 9 ,62 5

S ec u r ity dep os i t 2 0 9 2 0 9

Inves tmen t in Alfalah GHP value fund 1 0 0 , 0 0 0

Com m unica t ion charges r ecovered - 5 0 3

Bank charges r ecovered 1 5 5 36

S ubs cr ip t ion tow ards s ha r e cap it a l o f s ubs id ia ry 3 4 , 0 0 0 -

There a r e no loan s and advanc es to d i rec to r s .

9 . G E N E R AL

9 .1 F igu res ha ve been round ed o f f to the ne a r es t thous and rupe es .

9 .2 Thes e a ccou n ts w ere app roved and au tho r is ed fo r is s ue in the Board o f D ir ec to rs m e e t ing he ld on O c tober 2 8 ,

2 0 0 5 .



15/29


Cons olida ted Financ ial Stateme nts

of

Bank Alfalah Limited

&

Sub s idiary Companies

for nine mo nths p eriod e nde d

30 Se ptemb er 2005


16/29


16

CONSOLIDATED BALANCE SHEET

AS AT SEPTEMBER 30 , 2005

A S S E T S

C a s h a n d b a la n c e s w i th t re a s u r y b a n k s 1 8 , 3 0 7 , 5 9 3 1 9 , 7 0 8 , 5 2 3

B a l a n c e s w it h o t h e r b a n k s 9 , 7 4 7 , 9 7 8 3 , 1 9 4 , 7 7 6

L e n d i n g s t o f i n a n c i a l i n s t i t u t i o n s 8 , 1 7 1 , 8 7 8 -In v e s t m e n t s 4 4 9 , 8 7 1 , 9 7 4 3 5 , 4 2 7 , 5 9 6

A d v a n c e s 5 1 0 3 , 8 5 2 , 1 0 7 8 8 , 8 3 8 , 8 2 4

O t h e r a s s e t s 4 , 1 4 7 , 3 6 8 3 , 5 8 8 , 0 8 3

O p e r a t i n g f i x e d a s s e t s 5 , 8 9 0 , 6 0 7 4 , 2 9 8 , 4 6 4

D e f e r re d t a x a s s e t s - -

1 9 9 , 9 8 9 , 5 0 5 1 5 5 , 0 5 6 , 2 6 6

L I A B I L I T I E S

B i l l s p a y a b l e 4 , 0 6 2 , 2 2 0 2 , 2 3 3 , 6 7 1

B o r r o w i n g s f r o m f i n a n c i a l i n s t i t u t i o n s 9 , 5 5 8 , 2 2 2 1 2 , 7 2 3 , 8 3 0

D e p o s it s a n d o t h e r a c c o u n t s 1 7 2 , 2 3 8 , 2 0 6 1 2 9 , 6 5 4 , 5 6 1

S u b - o rd i n a te d lo a n s 1 , 8 9 9 , 1 1 0 1 , 8 9 9 , 4 8 0

L ia b i li tie s a g a i n s t a s s e t s s u b j e c t t o f in a n c e l e a s e 1 , 6 6 4 2 , 4 2 9

O t h e r l i a b i l i t i e s 4 , 8 1 6 , 7 2 1 2 , 9 6 7 , 2 5 8D e f e r r e d t a x l i a b i li ti e s 3 0 4 , 5 1 5 2 7 5 , 6 5 4

1 9 2 , 8 8 0 , 6 5 8 1 4 9 , 7 5 6 , 8 8 3

N E T A S S E T S 7 , 1 0 8 , 8 4 7 5 , 2 9 9 , 3 8 3

R E P R E S E N T E D B Y

S h a r e c a p i ta l 2 , 9 9 9 , 8 0 0 2 , 5 0 0 , 0 0 0

R e s e r v e s 1 , 7 8 0 , 6 0 6 1 , 0 0 8 , 7 7 2

U n a p p r o p r i a t e d p r o f i t 1 , 5 9 9 , 7 1 0 8 5 6 , 2 9 7

6 , 3 8 0 , 1 1 6 4 , 3 6 5 , 0 6 9

S u r p l u s o n r e v a l u a t i o n o f a s s e t s - n e t o f d e fe r r e d t a x 6 8 4 , 7 1 4 8 9 2 , 4 1 2

M i n o r i t y i n t e r e s t 4 4 , 0 1 7 4 1 , 9 0 2

7 , 1 0 8 , 8 4 7 5 , 2 9 9 , 3 8 3

C O N T I N G E N C IE S A N D C O M M I T M E N TS 6



(Rupees in '000 ' )

Note 3 0 S e p t e m b e r2 0 0 5

3 1 D e c e m b e r2 0 0 4

( u n - a u d i t e d )


17/29


17

CO NSO LIDATED P ROFIT AND LOS S ACC OUNT (un -a ud ited )

FOR THE NINE MONTHS ENDED SE PTEMBER 30, 200 5


(Rupee s in ' 000 ')

M a r k - u p / r e t u r n / in t e r e s t e a r n e d 3 , 5 7 0 , 6 1 7 8 , 2 0 0 , 8 2 9 1 , 4 9 4 , 2 3 3 3 , 8 2 8 , 3 6 5M a r k - u p / re t u r n / in t e r e s t e x p e n s e d ( 2 ,0 6 2 ,3 2 9 ) ( 4 ,3 3 0 ,7 9 7 ) (6 1 1, 3 2 0 ) (1 , 6 2 6, 9 8 3 )N e t m a r k - u p / re t u r n / in t e r e s t i n c o m e 1 , 5 0 8 , 2 8 8 3 , 8 7 0 , 0 3 2 8 8 2 , 9 1 3 2 , 2 0 1 , 3 8 2

P r o v is io n a g a in s t n o n - p e r fo r m i n g l o a n s a n d a d v a n c e s ( 9 8 , 6 0 2 ) ( 2 6 6 , 0 8 6 ) (1 1 6 , 7 9 1 ) (2 1 3 , 7 4 7 )

P r o v i s io n fo r d i m i n u t i o n i n t h e v a lu e o f in v e s t m e n t s 3 5 , 6 1 3 ( 1 3 , 5 8 8 ) ( 6 ,4 6 2 ) ( 6 , 4 6 2 )B a d d e b t s w r it te n o f f d i re c t ly ( 4 1 ) ( 3 2 5 ) (3 8 5 ) ( 1 , 0 7 3 )

( 6 3 , 0 3 0 ) ( 2 7 9 , 9 9 9 ) (1 2 3 , 6 3 8 ) (2 2 1 , 2 8 2 )N e t m a r k - u p / r e t u r n / in t e r e s t i n c o m e a f te r p r o v i s io n s 1 , 4 4 5 , 2 5 8 3 , 5 9 0 , 0 3 3 7 5 9 , 2 7 5 1 , 9 8 0 , 1 0 0

N o n m a r k -u p / i n te r e s t i n c o m e

F e e , c o m m is s io n a n d b r o k e ra g e in c o m e 3 2 4 , 4 7 6 8 1 0 , 3 7 3 1 8 2 , 4 2 7 4 8 2 , 8 5 8D i vid e n d in c o m e 1 6 , 1 8 8 4 2 , 3 3 0 9 3 8 3 3 , 9 3 0I n c o m e f r o m t r a d i n g i n g o v e r n m e n t s e c u r i t i e s - - - -In c o m e f ro m d e a l in g i n fo r e i g n c u r r e n c i e s 8 3 , 6 8 6 1 9 1 , 8 8 6 6 7 , 4 5 5 1 5 5 , 7 8 8O t h e r in c o m e 7 1 2 9 , 8 7 8 4 6 3 , 6 9 7 1 1 4 , 4 8 5 5 2 0 , 8 1 7To t a l n o n - m a r k u p / in t e r e s t i n c o m e 5 5 4 , 2 2 8 1 , 5 0 8 , 2 8 6 3 6 5 , 3 0 5 1 , 1 9 3 , 3 9 3

1 , 9 9 9 , 4 8 6 5 , 0 9 8 , 3 1 9 1 , 1 2 4 , 5 8 0 3 , 1 7 3 , 4 9 3N o n m a r k -u p / in t e r e s t e x p e n s e

A d m i n i s t r a t i v e e x p e n s e s 1 , 2 1 6 , 2 3 4 3 , 0 3 1 , 3 5 4 7 4 5 , 6 4 6 1 , 9 4 5 , 8 7 7O t h e r p r o v i s i o n s / w r i t e - o f f s - 9 , 6 7 3 - -O t h e r c h a r g e s 3 2 3 6 1 1 , 5 5 6 1 , 6 0 4T o t a l n o n - m a r k u p / i n t e r e s t e x p e n s e s 1 , 2 1 6 , 2 6 6 3 , 0 4 1 , 3 8 8 7 4 7 , 2 0 2 1 , 9 4 7 , 4 8 1

E x t ra o r d in a r y / u n u s u a l it e m s - - - -P r o f it b e fo r e t a x a t io n 7 8 3 , 2 2 0 2 , 0 5 6 , 9 3 1 3 7 7 , 3 7 8 1 , 2 2 6 , 0 1 2

T a x a t i o n- C u r r e n t 2 1 1 , 9 5 4 6 0 7 , 2 4 2 2 2 2 , 2 0 5 5 6 7 , 7 4 6- P r i o r - ( 6 , 0 0 0 ) - ( 3 0 , 0 0 0 )- D e fe r r e d 6 2 , 0 8 9 1 0 2 , 8 1 1 (6 1 ,8 9 2 ) (1 1 7 , 7 9 9 )

2 7 4 , 0 4 3 7 0 4 , 0 5 3 1 6 0 , 3 1 3 4 1 9 , 9 4 7P r o f it a ft e r t a x a t io n 5 0 9 , 1 7 7 1 , 3 5 2 , 8 7 8 2 1 7 , 0 6 5 8 0 6 , 0 6 5L o s s a t t rib u t a b le t o m in o r i ty i n t e r e s t 2 , 0 7 4 3 , 8 8 6 (1 5 2 ) 9 7 6

5 1 1 , 2 5 1 1 , 3 5 6 , 7 6 4 2 1 6 , 9 1 3 8 0 7 , 0 4 1

U n a p p r o p r i a t e d p r o f it b r o u g h t fo r w a r d 1 , 1 8 4 , 9 2 5 8 5 6 , 2 9 7 9 4 6 , 4 5 2 4 6 3 , 0 4 2T ra n s f e r re d fr o m s u r p l u s o n r e v a l u a t io n o f fi xe d a s s e t s 6 , 2 1 7 1 8 , 6 5 2 5 , 9 1 6 1 7 , 7 5 0P r o f it a v a ila b le fo r a p p r o p r ia t io n 1 , 7 0 2 , 3 9 3 2 , 2 3 1 , 7 1 3 1 , 1 6 9 , 2 8 1 1 , 2 8 7 , 8 3 3

A p p r o p r i a t i o n s

T ra n s f e r re d t o s t a t u t o r y r e s e r v e ( 1 0 2 , 6 8 3 ) ( 2 7 2 , 0 0 3 ) (4 3 ,3 1 1 ) (1 6 1 , 8 6 3 )B o n u s s h a r e s - - (5 0 0 ,0 0 0 ) (5 0 0 , 0 0 0 )In t e r im d i vid e n d @ 1 2 p e r c e n t - ( 3 6 0 , 0 0 0 ) - -

( 1 0 2 , 6 8 3 ) ( 6 3 2 , 0 0 3 ) (5 4 3 ,3 1 1 ) (6 6 1 , 8 6 3 )U n - a p p r o p r ia t e d p r o f it c a r r ie d fo r w a r d 1 , 5 9 9 , 7 1 0 1 , 5 9 9 , 7 1 0 6 2 5 , 9 7 0 6 2 5 , 9 7 0

B a s i c / D i lu t e d e a r n in g s p e r s h a r eR u p e e s 1 . 7 0 4 . 5 9 0 . 9 6 3 . 6 0

T h e a n n e x e d n o t e s 1 t o 9 f o rm a n i n t e g r a l p a r t o f t h e s e a c c o u n t s .

Note



2 0 0 5



2 0 0 4


18/29


18

CONSOLIDATED CASH FLOW STATEMENT (un-au d ited )

FOR THE NINE MONTHS ENDED SEPTEMBER 30 , 200 5

C A S H F L O W F R O M O P E R A T IN G A C T I V IT I E SP r o f i t b e f o r e t a x a t i o n 2 , 0 5 6 , 9 3 1 1 , 2 2 6 , 0 1 2L e s s : D i v id e n d in c o m e ( 4 2 , 3 3 0 ) ( 3 3 , 9 3 0 )

2 , 0 1 4 , 6 0 1 1 , 1 9 2 , 0 8 2

A d ju s t m e n t s fo r n o n - c a s h c h a r g e sD e p r e c i a t i o n 3 3 4 , 6 5 4 2 0 6 , 5 3 2W r i te o f f / A m o r t is a t i o n - i n t a n g i b le a s s e t s 1 0 , 2 6 3 9 , 0 7 2P r o v i s io n a g a i n s t n o n - p e r fo r m i n g a d v a n c e s ( n e t o ff r e v e r s a l s ) 2 6 6 , 0 8 6 2 1 3 , 7 4 7P r o v i s io n f o r d i m i n u t io n i n v a l u e o f in v e s t m e n t s 1 3 , 5 8 8 6 , 4 6 2B a d d e b t s w r it t e n - o ff d i re c t l y 3 2 5 1 , 0 7 3G a i n o n s a l e o f o p e r a t i n g fi xe d a s s e t s ( 1 , 7 5 4 ) ( 3 , 4 9 8 )P r o v i s i o n f o r g r a t u i t y 3 7 , 9 3 5 2 7 , 7 8 1

6 6 1 , 0 9 7 4 6 1 , 1 6 92 , 6 7 5 , 6 9 8 1 , 6 5 3 , 2 5 1

( In c r e a s e ) / d e c r e a s e i n o p e r a t in g a s s e t sL e n d i n g t o f i n a n c i a l i n s t i t u t i o n s ( 7 , 2 4 1 , 8 7 8 ) 5 , 2 4 9 , 7 4 8A d v a n c e s ( 1 5 , 2 7 9 , 6 9 4 ) ( 2 6 , 7 0 4 , 8 2 1 )O t h e r a s s e t s ( 5 2 3 , 3 8 2 ) ( 1 , 4 5 1 , 2 5 6 )

( 2 3 , 0 4 4 , 9 5 4 ) ( 2 2 , 9 0 6 , 3 2 9 )In c r e a s e / ( d e c r e a s e ) i n o p e r a t in g l ia b i li ti e s

B i l l s p a y a b l e 1 , 8 2 8 , 5 4 9 1 , 6 7 5 , 3 9 9B o r r o w i n g s f ro m fi n a n c i a l i n s t it u t io n s ( 3 , 1 6 5 , 6 0 8 ) 1 6 , 8 9 3 , 0 3 0D e p o s i t s 4 2 , 5 8 3 , 6 4 5 2 3 , 7 8 0 , 9 9 9O t h e r l ia b i li t ie s 1 , 8 9 5 , 7 1 9 9 9 8 , 3 3 5

4 3 , 1 4 2 , 3 0 5 4 3 , 3 4 7 , 7 6 32 2 , 7 7 3 , 0 4 9 2 2 , 0 9 4 , 6 8 5

G r a t u i t y p a i d 5 , 0 0 0In c o m e t a x p a id ( 7 1 9 , 1 5 3 ) ( 1 , 0 7 4 , 9 2 5 )

N e t c a s h f lo w f ro m o p e r a t in g a c t i v it ie s 2 2 , 0 5 8 , 8 9 6 2 1 , 0 1 9 , 7 6 0

C A S H F L O W F R O M I N V E S T IN G A C T I VI TI E SN e t i n v e s t m e n t s ( 1 4 , 7 2 0 , 9 7 2 ) ( 1 2 , 1 0 1 , 8 9 8 )P r o c e e d s fr o m t h e i s s u e o f s h a r e c a p i t a l o f s u b s i d ia r y c o m p a n y 6 , 0 0 0 -D i v id e n d r e c e i ve d 3 5 , 1 8 9 3 6 , 4 3 3In v e s t m e n t s in o p e r a t i n g fi xe d a s s e t s ( 1 , 9 4 1 , 6 9 2 ) ( 1 , 2 1 3 , 7 6 0 )S a l e p r o c e e d s o f p ro p e r t y a n d e q u i p m e n t d i s p o s e d - o f f 6 , 3 8 6 4 , 2 6 0

N e t c a s h f lo w f ro m i n v e s t in g a c t i v it ie s ( 1 6 , 6 1 5 , 0 8 9 ) ( 1 3 , 2 7 4 , 9 6 5 )

C A S H F L O W F R O M F I N A N C I N G A C T I V IT IE SIs s u e o f S h a r e C a p i ta l 4 9 9 , 8 0 0 -S h a r e p r e m iu m r e c e iv e d 4 9 9 , 8 0 0 -Is s u a n c e / ( r e d e m p t i o n ) o f t e r m f in a n c e c e r t ifi c a t e ( 3 7 0 ) 9 9 9 , 8 7 0L ia b i l it ie s a g a i n s t s u b j e c t t o f in a n c e l e a s e - 2 , 5 2 9D i v id e n d p a i d ( 3 6 0 , 0 0 0 ) ( 5 0 0 , 0 0 0 )P a y m e n t o f le a s e o b l ig a t i o n ( 7 6 5 ) -

N e t c a s h f lo w f ro m f in a n c i n g a c t iv i ti e s 6 3 8 , 4 6 5 5 0 2 , 3 9 9

In c r e a s e in c a s h a n d c a s h e q u iv a le n t s 6 , 0 8 2 , 2 7 2 8 , 2 4 7 , 1 9 4

C a s h a n d c a s h e q u i v a le n t s a t b e g in n i n g o f th e p e r io d 2 2 , 9 0 3 , 2 9 9 9 , 7 0 0 , 3 1 6C a s h a n d c a s h e q u iv a le n t s a t e n d o f t h e p e r io d 2 8 , 9 8 5 , 5 7 1 1 7 , 9 4 7 , 5 1 0

C A S H A N D C A S H E Q U I VA L E N T S A T E N D O F T H E P E R I O DC a s h a n d b a l a n c e s w i th t re a s u r y b a n k s 1 8 , 3 0 7 , 5 9 3 1 4 , 3 8 5 , 9 8 1B a l a n c e s w i th o t h e r b a n k s 9 , 7 4 7 , 9 7 8 3 , 2 6 1 , 5 2 9C a l l m o n e y l e n d i n g s 9 3 0 , 0 0 0 3 0 0 , 0 0 0

2 8 , 9 8 5 , 5 7 1 1 7 , 9 4 7 , 5 1 0



(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 4

3 0 S e p t e m b e r2 0 0 5


19/29


19

B a l a n c e a t J a n u a r y 1 , 2 0 0 4a s p r e v io u s ly r e p o r t e d 2 ,0 0 0 , 0 0 0 - 7 9 0 , 3 7 4 - 4 6 3 ,0 4 2 3 , 2 5 3 , 4 1 6

E f fe c t o f C h a n g e i n a c c o u n t in g p o l ic y w i th r e s p e c tt o d iv id e n d d e c la re d a ft e r t h e b a la n c e s h e e t d a t e - - - - - 5 00 ,0 0 0 5 0 0 ,0 00

B a l a n c e a t J a n u a r y 1 , 2 0 0 4 a s r e s t a te d 2 ,0 0 0 , 0 0 0 - 7 9 0 , 3 7 4 - - 9 6 3 ,0 4 2 3 , 7 5 3 , 4 1 6


T ra n s fe r f ro m s u r p l u s o n r e v a l u a t i o no f fix e d a s s e t s - n e t o f t a x - - - - - 1 7 ,7 5 0 1 7 ,7 5 0

Tr a n s fe r t o s t a t u t o r y r e s e r v e - - 1 6 1 , 8 6 3 - ( 1 6 1 ,8 6 3 ) -

D iv id e n d p a id - - - - - ( 5 0 0 ,0 0 0 ) (5 0 0 ,0 0 0 )

R e s e r v e fo r is s u e o f b o n u s s h a r e s - - 5 0 0 , 0 0 0 - ( 5 0 0 ,0 0 0 ) -

B a la n c e a t S e p t e m b e r 3 0 , 2 0 0 4 2 , 0 0 0 , 0 0 0 - 9 5 2 , 2 3 7 5 0 0 , 0 0 0 - 6 2 5 , 9 7 0 4 , 0 7 8 , 2 0 7


T ra n s fe r f ro m s u r p l u s o n r e v a l u a t i o no f fix e d a s s e t s - n e t o f t a x - - - - - 5 ,9 1 7 5 ,9 1 7

Tr a n s fe r t o s t a t u t o r y r e s e r v e - - 5 6 , 5 3 5 - (5 6 , 5 3 5 ) -

Is s u e o f b o n u s s h a r e s 5 0 0 , 0 0 0 - - (5 0 0 ,0 0 0 ) - - -

B a la n c e a t D e c e m b e r 3 1 , 2 0 0 4 2 , 5 0 0 , 0 0 0 - 1 , 0 0 8 , 7 7 2 - - 8 5 6 , 2 9 7 4 , 3 6 5 , 0 6 9

N e t p r o fit fo r t h e p e r io d - - - - - 1 , 3 5 6 ,7 6 4 1 , 3 5 6 , 7 6 4

Tr a n s fe r t o s t a t u t o r y r e s e r v e - - 2 7 2 , 0 0 3 - (2 7 2 ,0 0 3 ) -

Tr a n s fe r fr o m s u r p lu s o n r e v a lu a t io n 1 8 ,6 5 2 1 8 ,6 5 2o f fix e d a s s e t s - n e t o f t a x - - - - - - -

Is s u e o f R ig h t s s h a r e s 4 9 9 , 8 0 0 4 9 9 , 8 0 0 - - - - 9 9 9 , 6 0 0

E ffe c t o f fo r e ig n c u r r e n c y t r a n s la t io n - - - - 3 1 - 3 1

In t e r im d iv id e n d @ 1 2 p e r c e n t - - - ( 3 6 0 ,0 0 0 ) (3 6 0 ,0 0 0 )

B a la n c e a t S e p t e m b e r 3 0 , 2 0 0 5 2 , 9 9 9 , 8 0 0 4 9 9 , 8 0 0 1 , 2 8 0 , 7 7 5 - 3 1 1 , 5 9 9 , 7 1 0 6 , 3 8 0 , 1 1 6



S h a r eC a p i t a l

S t a t u t o r yR e s e r v e

S h a r eP r e m i u m

U n a p p r o p r i a t e dp r o f it T O T A L

E x c h a n g eT r a n s l a t i o n

R e s e r v e

( R u p e e s i n '0 0 0 ' )

R e s e r v e f o rI s s u e o f

B o n u s S h a r e

C O N S O LID ATED S TATEME N T O F C H AN G ES IN EQ U ITY (u n - a u d it ed )



20/29


20

CONSOLIDATED NOTES TO THE ACCOUNTS


1 . S TAT US AN D N AT UR E O F B U S IN E S S

Bank A lfa lah L im i ted ( the Bank ) w as inco rpo ra ted in P ak is tan o n J une 2 1 , 1 9 9 2 a s a pub lic l im i ted com pan yunde r the Com pan ies O rd inance , 1 9 8 4 . It com m e nce d ba nk ing op era t ions f rom N ovem ber 1 , 1 9 9 2 . The Bankis e n g a g e d in b a n k in g s e r vic e s a s d e s c r ib e d in t h e B a n k i n g C o m p a n i e s O r d in a n c e , 1 9 6 2 a n d i s o p e r a tin gth rough 1 1 5 conven t iona l bank ing (D ecem ber 2 0 0 4 : 9 0 ) b r anches , 1 5 I s l am ic Bank ing (D ecem ber 2 0 0 4 : 1 1 )b r anc hes and 2 over s e as (D ecem be r 2 0 0 4 : N il) b r anch . It s r eg i s t e r ed o f fice is s itua ted a t B .A . Bu ild ing , I. I.Chund r iga r Road , Karach i .

The Bank has inves ted in 76 percent shares of Alfalah Secur i t ies (Pr ivate) L imited. The pr incipal object ive of the co mp any is to unde r take the bus ines s of brokerage hous e. Alfalah Se cur ites (Pr ivate) Limited was incorporatedon September 23, 2003 with regis tered off ice in Karachi , Pakis tan.

T h e B a n k h a s i n v e s t e d i n 5 6 p e r c e n t s h a r e s o f A l f a l a h G H P I n v e s t m e n t M a n a g e m e n t L i m i t e d . T h ep r inc ipa l ac t iv ity o f the c om p any i s to ac t a s a s s e t m a nag em en t com pan y, inves tm en t adv is o r / fund m ana gera n d c o n s t i t u t e , f l o a t a n d m a n a g e o p e n - e n d e d a n d c l o s e d - e n d e d f u n d s . A l f a l a h G H P I n v e s t m e n tM anagem en t L im i ted w as inco rpo ra ted on O c tober 1 8 , 2 0 0 4 as a pub l i c l im i ted com pany under Com pan iesOrdinanc e, 19 84 with regis tered o ffice in Karach i, Pakis tan.

The Bank has inves ted in 2 0 pe r cen t s ha r es o f W ar id Te lecom (P r iva te ) L im i ted . The p r inc ipa l ac t iv i ty o f the com pan y is to unde r take the b us ines s o f m ob ile t e l ecom m unica t ion .

T h e B a n k i s l i s t e d o n K a r a c h i S t o c k E x c h a n g e ( G u a r a n t e e ) L i m i t e d a n d L a h o r e S t o c k E x c h a n g e(Gua rantee ) Limited with effec t from J uly 5 , 2004 a nd J uly 6 , 200 4 res pe ctively.

2 . B AS IS O F P R ES E NTATIO N

Thes e f inanc ia l s ta t em e n ts a r e be ing p r es en ted in a co nde ns e d fo rm in acc o rdanc e w ith the r equ ir em e n ts o f In te rna t iona l Acco un t ing S tan da rd 34 I n te r im F inan c ia l Rep or t ing and on the Fo rm at o f the A cco un tsand M ode o f D is c lo s u res i s s ued by the S ta te Bank o f P ak i s tan th rough i t s BS D Ci r cu la r L e t t e r N o . 0 2da ted M ay 1 2 , 2 0 0 4 .

3 . S U M M AR Y O F S IG N I FIC A N T AC C O U N T IN G P O L IC I ES

T h e a c c o u n t in g p o lic ie s a d o p t e d i n p r e p a r a t io n o f t h e s e f in a n c i a l s ta t e m e n t s a r e s a m e a s t h o s e a d o p t e di n t h e p r e p a r a t i o n o f t h e f i n a n c i a l s t a t e m e n t s f o r t h e p r e c e d i n g y e a r e n d e d D e c e m b e r 3 1 , 2 0 0 4 .

F o r e i g n o p e r a t i o n s

In i t ia l re c og n i t ion

The assets and l iabil i t ies of foreign branches taken over are in i t ial ly recognised at cos t any result ing goodwillis imme diate ly written o ff.

S u b s e q u e n t m e a s u re m e n t

As s e t s an d liab ilit ie s o f the fo r e ign op era t ion a r e t r ans la ted in to rupe es a t the exchan ge r a te p r eva i ling a t theba lance s hee t da te . P ro f i t and lo s s accoun t i s t r ans la ted a t the ave rage r a te o f conver s ion fo r the pe r iod .

G a ins an d lo s s e s a r is ing on t r ans la t ion a r e t aken to Excha nge Trans la tion Re s e rve .


21/29

(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 5

( u n - a u d i t e d )


21


H e ld fo r t r a d in g s e c u r it ie s 4 8 4 , 7 2 6 - 4 8 4 , 7 2 6 2 8 3 ,0 6 5 - 2 8 3 , 0 6 5A v a ila b le fo r s a le s e c u r it ie s 4 .1 .1 7 ,6 5 5 , 7 6 8 1 ,2 4 1 , 2 7 7 8 , 8 9 7 , 0 4 5 4 , 4 3 3 ,9 3 5 8 7 7 ,4 2 0 5 , 3 1 1 , 3 5 5

H e ld t o m a t u r it y s e c u r it ie s 3 6 , 4 2 0 ,1 2 2 2 , 3 4 1 , 2 1 6 3 8 , 7 6 1 , 3 3 8 2 3 ,6 8 0 , 4 4 7 4 , 8 5 7 ,8 9 8 2 8 ,5 3 8 , 3 4 5

4 4 ,5 6 0 ,6 1 6 3 , 5 82 ,4 9 3 4 8 ,1 4 3 ,1 0 9 2 8 ,3 9 7 ,4 4 7 5 ,7 3 5 ,3 1 8 3 4 ,1 3 2 ,7 6 5

A s s o c i a t e s 1 ,8 4 8 , 8 0 4 - 1 , 8 4 8 , 8 0 4 1 , 1 3 8 ,1 7 6 - 1 ,1 3 8 , 1 7 6

4 6 ,4 0 9 ,4 2 0 3 ,5 8 2 , 49 3 4 9 ,9 9 1 ,9 1 3 2 9 ,5 3 5 ,6 2 3 5 ,7 3 5 ,3 1 8 3 5 ,2 7 0 ,9 4 1

P r o v i s i o n f o r d i m i n u t i o n i n v a l u e

o f h e ld fo r t r a d in g in v e s t m e n t s (1 5 , 7 6 3 ) - (1 5 ,7 6 3 ) (2 ,1 6 5 ) - (2 ,1 6 5 )

( D e f ic i t) / s u r p l u s o n r e v a l u a t io n o f

a v a ila b le fo r s a le s e c u r it ie s (8 9 , 0 3 8 ) (1 5 ,1 3 8 ) (1 0 4 ,1 7 6 ) 1 3 8 ,4 7 1 2 0 ,3 4 9 1 5 8 ,8 2 0

4 6 ,3 0 4 ,6 1 9 3 ,5 6 7 , 35 5 4 9 ,8 7 1 ,9 7 4 2 9 ,6 7 1 ,9 2 9 5 ,7 5 5 ,6 6 7 3 5 ,4 2 7 ,5 9 6

3 0 S e p t e m b e r 2 0 0 5 ( u n -a u d i te d )

G i ve n a sc o l l a t e r a l

T o t a l

3 1 D e c e m b e r 2 0 0 4

H e l d b yb a n k

G i v e n a sc o l l a t e r a l

( R u p e e s in ' 0 0 0 ')

H e l d b yb a n k

T o t a l

4 . IN VE S TM EN TS

4 .1 In ve s t m e n ts b y ty p e s

4 .1 . 1 This includes inves tme nts in ordinary sha res o f lis ted com pa nies o f Rs .102 .792 million (2004 : Rs .124 .587 m illion)

of Islamic Banking Division.

5 . ADVAN C E S

L oans , ca s h c r ed it s , r unn ing financ es e tc .

- in Pakistan 8 7 , 2 0 7 , 6 6 7 8 0 ,64 2 ,4 66

- outs ide Pakis tan 1 , 3 2 2 , 0 4 9 -

Net inves tmen t in f ina nce lease / Ijara Financ ing

- in Pakistan 1 1 , 1 8 4 , 1 3 7 6 ,372 ,8 0 5

- outs ide Pakis tan - -

B ills d i s coun ted and pu rchas ed ( exc lud ing t r eas u ry b ills )

- Payab le in Pakis tan 1 , 8 6 2 , 8 1 8 1 ,64 7 ,1 1 1

- P ayab le ou t s ide P a k is tan 3 , 8 2 4 , 9 2 5 1 ,5 36 ,4 9 9

5 , 6 8 7 , 7 4 3 3 ,1 8 3 ,61 0

1 0 5 , 4 0 1 , 5 9 6 9 0 ,1 9 8 ,8 8 1Provis ion for non-performing ad vance s - Sp ec ific ( 7 8 6 , 1 8 2 ) ( 8 5 1 ,1 1 9 )

P rov is ion fo r non -per fo rm ing advanc es - G ene ra l ( 7 6 3 , 3 0 7 ) ( 5 0 8 ,9 38 )

5 .1 1 0 3 , 8 5 2 , 1 0 7 8 8 ,8 38 ,8 2 4

5 .1 This includes Advance s of Is lamic ba nking Divis ion am oun ting to Rs .8 ,922 .09 9 million (20 04 :Rs .4 ,06 3.227

million)

3 1 D e c e m b e r2 0 0 4


22/29

5 .2 C a t e g o ry o f c la s s i fic a t io n

O th e r A s s e t s E s p e c ia lly M e n t io n e d 8 3 , 5 8 7 - 8 3 , 5 8 7 - 2 7 2

S u b s ta n d a r d 8 5 , 5 6 9 - 8 5 , 5 6 9 5 , 0 9 2 7 , 2 6 0

D o u b t fu l 1 6 , 4 2 0 - 1 6 , 4 2 0 2 , 8 0 0 6 , 4 8 3

L o s s 8 2 7 , 1 5 6 4 3 , 1 8 0 8 7 0 , 3 3 6 7 6 0 , 0 8 8 7 7 2 , 1 6 7

1 , 0 1 2 , 7 3 2 4 3 , 1 8 0 1 , 0 5 5 , 9 1 2 7 6 7 , 9 8 0 7 6 3 , 3 0 7 7 8 6 , 1 8 2 7 6 3 , 3 0 7


22


O v e r s e a s To t a l S p e c if ic

P r o v i s io n R e q u i re d

G e n e r a l S p e c if ic

( R u p e e s i n ' 0 0 0 ')

G e n e r a lD o m e s t i c

P r o v i s io n h l e d

(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 5

( u n - a u d i t e d )

6 . C O NT IN G E NC IE S A ND C O MM ITM E NTS

6 .1 D ir e c t c r e d it s u b s tit u te s

Con ting en t liab il ity in res pe ct of guara ntee s g iven favour ing :

- G overnm en t 8 7 6 , 6 3 7 636 ,9 62

- Ban king c om pa nies a nd o ther fina ncial ins t i tu t ions 6 4 , 0 1 0 72 ,4 75

- Others 1 , 2 0 2 , 6 8 9 5 5 9 , 0 5 0

2 , 1 4 3 , 3 3 6 1 ,2 68 ,4 8 7

6 . 2 Tr a n s a c t io n - re l a t e d c o n t in g e n t l ia b i lit ie s

Cont inge n t liab i lity in r e s pec t o f pe r fo rm anc e bond s , b id bon ds ,

shipping guarantees , s tandby let ters of credit etc . favour ing:

- G overnm en t 8 , 6 9 3 , 9 9 9 9 ,1 5 4 ,5 1 6

- Ban king c om pa nies a nd o ther fina ncial ins t i tu t ions 2 9 3 , 5 1 4 75 ,0 37

- Others 4 , 6 8 9 , 3 7 4 3 ,2 8 6 ,5 5 4

1 3 , 6 7 6 , 8 8 7 1 2 ,5 1 6 ,1 0 7

6 . 3 Tr a d e - re l a te d c o n t in g e n t l ia b i lit ie s

Letters of cred it 2 2 , 0 2 5 , 2 7 9 1 4 ,69 8 ,8 4 2

A c c e p t a n c e s 4 , 8 1 1 , 0 3 2 4 ,5 1 0 ,2 4 7

6 .4 O th e r c o n tin g e n c ie s

Cla im s aga ins t the Banks no t acknow ledge d as d eb t 3 7 2 , 8 2 2 70 1 ,2 0 0

3 1 D e c e m b e r2 0 0 4


23/29

(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 5

( u n - a u d i t e d )

3 1 D e c e m b e r2 0 0 4


23


6 .5 C o m m it m e n ts i n r e s p e c t o f fo r wa r d le n d i ng

Forward c al l len ding - -

Fo rw ard r epu rchas e ag reem en t l end ing 5 4 6 , 4 8 6 -

Com m itm en ts to ex tend c r ed it 1 , 4 2 1 , 0 0 0 8 66 ,0 0 0

Others - -

1 , 9 6 7 , 4 8 6 8 66 ,0 0 06 .6 C o m m it m e n ts i n re s p e c t o f fo r wa r d e x c h a n g e c o n tr a c ts

P u r c h a s e 5 , 0 2 3 , 3 6 8 8 ,9 4 7 ,31 7

Sale 8 , 3 7 8 , 1 6 4 5 ,35 1 ,9 0 9

6 .7 C o m m it m e n ts fo r t h e a c q u i s it io n o f o p e r a t in g

fixe d a s s e ts a n d in ta n g ib le s 5 6 1 ,3 4 9 1 1 9 ,30 0

6 .8 C o m m it m e n ts in re s p e c t r e p o tr a n s a c t io n s

R e p u r c h a s e 3 , 6 5 1 , 3 0 7 5 ,5 4 2 ,0 1 3

Res a le 7 , 3 3 0 , 1 2 8 -

7 . O TH E R IN C OM E

N e t p r o fit o n s a l e o f p r o p e r t y a n d e q u i p m e n t 5 7 0 1 ,7 5 4 1 ,6 5 8 3 ,4 9 8

Ga in / ( los s ) on s a le o f sha re s / c e r t ifica te s - ne t 3 ,4 4 9 1 4 9 ,8 9 4 1 4 ,4 5 7 2 4 0 ,0 1 4

Ga in on s a le o f P IBs 7 ,4 4 4 7 ,4 4 4 - 2 ,590

O t h e r s 1 1 8 ,4 1 5 3 0 4 ,6 0 5 9 8 ,3 7 0 2 7 4 ,7 1 5

1 2 9 ,8 7 8 4 6 3 ,6 9 7 1 1 4 ,4 8 5 5 2 0 ,8 1 7

7 .1 This inc lude s o the r incom e o f Rs . 21 .637 m il lion (2004 : Rs . 17 .96 2 m il lion) o f Is lam ic Ba nking Divis ion .


2 0 0 5 ( u n - a u d it e d )


2 0 0 4 ( u n -a u d ite d )

( R u p e e s in ' 0 0 0 ')




24/29

(Rupees in '000 ' )

3 0 S e p t e m b e r2 0 0 5

( u n - a u d i t e d )

3 1 D e c e m b e r2 0 0 4

8 . R E LAT ED P AR TY T RAN S AC T IO N S

Part ies are c ons ide red to b e related if one pa r ty ha s the a bility to co ntrol the othe r par ty or exercise s ignifica nt

in f luence over the o the r pa r ty in m ak ing f inanc ia l o r opera t iona l dec i s ions and inc lude ho ld ing com pany ,

ass ociated com pa nies with or without comm on directors , ret ireme nt bene fit fund s , d irec tors and key man ag em ent

per s onne l .

Bank ing t rans ac t ions w ith the r e la ted pa r t ie s a r e e xecu ted s ubs tan t ia l ly on the s am e te rm s , inc lud ing m ark up

ra tes an d c o l la te r a l , a s thos e p r eva iling a t the t im e fo r com pa rab le t rans ac t ions w ith un re la ted pa r t ie s and don o t i n v o l v e m o r e t h a n a n o r m a l r i s k ( i . e . u n d e r t h e c o m p a r a b l e u n c o n t r o l l e d p r i c e m e t h o d ) .

Con t r ibu t ions to and acc rua ls in re s pec t o f s t a ff r e t ir em en ts and o the r ben ef it p lans a r e m ade in ac co rda nce

w ith the a c tua r ia l va lua t ions / t e rm s o f the con t r ibu t ion p lan . Rem u nera t ion to the e xecu t ives a r e de te rm ined

in a cco rda nce w ith the t e rm s o f the i r appo in tm en t .

Detai ls of t ransactions with related par t ies and balances with them excluding those entered into with directors /

execu t ives a s p e r the ir t e rm s o f em p loym en t a s a t the p e r iod -end w ere as fo l low s :

8 .1 De po s its

Balance a t be g inn ing o f the pe r iod 9 , 8 9 7 3 ,4 4 8

N e t m o ve m e n t 6 3 9 , 5 4 5 6 ,4 4 9

Balance a t the end o f the p e r iod 6 4 9 , 4 4 2 9 ,8 9 7

Thes e acc oun ts a r e o f cu r ren t na tu r e w h ich a r e s ub jec t to va r ia t ions .

Contr ibution to employee provident fund 3 9 , 2 1 8 34 ,0 1 4

Rem une rat ion to Directors / C hief Exec utive 1 0 , 6 7 8 9 ,62 5

Remunerat ion to Directors / Chief Executive of subs idiary company 1 , 2 7 1 1 ,4 76

There a r e no loan s and advanc es to d i rec to r s .

9 . G E N E R AL

9 .1 F igu res ha ve been round ed o f f to the nea r es t thous and rupe es .

9 .2 Thes e a ccou n ts w ere app roved and au tho r is ed fo r is s ue in the Board o f D ir ec to rs m ee t ing he ld on O c tobe r 2 8 ,

2 0 0 5 .


24




25/29


25

KARACHI

Main BranchB.A. Building, I.I.Chundrigar Road.

Phone : (021) 2414030-39 UAN No. : 111-777-786Fax : 2417006, 2434181

Cloth Market BranchCochinwala Market, Luxmidas Street.

Phone : (021) 2401621-6 Fax : 2401627-2418896

Clifton Branch

World Trade Centre, Khayaban-e-Romi, Clifton.Phone : (021) 5833778-82 Fax : 5879175

Shahrah-e-Faisal BranchProgress ive Square, Shahrah-e-Faisal.

Phone : (021) 4313536-37 , 4522441-2 Fax : 4313539

Jodia Bazar BranchGulzar Manzil, Jodia Bazar.

Phone : (021) 7532483-4,7544816-20 Fax : 7532485

Korangi Industrial Area BranchAiwan-e-Sanat, Plot No.ST-4/2, Sector 23,

Korangi Industrial Area.Phone : (021) 5065701-2 Fax : 5050653

M.A.Jinnah Road BranchPlot No.23/1, Zelin Place (Habib Bank Building),

M.A.Jinnah Road/Abdullah Haroon Road.Phone : (021)2750627-28, 30, 2731502 Fax : 2750629

S.I.T.E. BranchD-40, Estate Avenue, Siemens Chowrangi, S.I.T.E.Phone : (021) 2581247, 2582114-6

Fax : 2582113, 2581247

North Karachi Industria l Area BranchSector 12-B, North Karachi Industrial Area,

Opp: Police Station Gabol Town.Phone : (021) 6987644, 6986170 Fax : 6986051

Paper Market BranchPlot No. S.R.7/23, Campbell Street, Paper Market.

Phone : (021) 2211353-58 Fax : 2211243

Gulshan-e-Iqbal BranchPlot No.SB-15, Block 13-B, KDAScheme No.24,

University Road, Gulshan-e-Iqbal.Phone : (021) 4984851, 4984937, 4984904

Fax : 4984971

Karachi Stock Exchange Branch18-20, Karachi Stock Exchange Building,

Stock Exchange Road.Phone : (021) 2417515-19 Fax : 2418353

North Napier Road BranchSurv. No. 35 / Sheet No. NP-10 (Old Surv.No.A26/5),

Napier Quarters.Phone : (021) 2544021-24, 2540989 Fax : 2540066

Bahadurabad BranchPrime Arcade, Shop No. 1-3,

Bahadur Shah Zafar Road, Bahadurabad.Phone : (021) 4129677-81, 4128578-81 Fax : 4129676

Timber Market BranchGround Floor, Sur. No. 15, Siddique Wahab Road,

Lawrence Quarters.Phone : (021) 2750635-9 Fax : 2750632

Defence Housing Authority BranchPlot No.40 &42 C,26th Commercial Street Phase V,

Defence Housing Authority.Phone : (021) 5374330-35 Fax : 5373722

PECHS Branch

Shop No. 3, 154-S, Block-2, P.E.C.H.S.Phone : (021) 4535861-2 4538423-24 Fax : 4314221

Federal 'B' Area BranchC-28, Block - 13, Federal 'B' Area.

Phone : (021) 6803041, 6344700,5&6 Fax : 6803043

Eidgah Branch45/1/2, Wadhumal Udharam Quarters,Near Light House, M.A. Jinnah Road.

Phone : (021) 2741471-3 Fax : 2741474

Marriot Road BranchKarachi Survey # 67, Sheet # M.R.1,

Murad Khan Road, Marriot Road.Phone : (021) 2414138-40 &2412080 Fax : 2412082

Hyderi (North Nazimabad) BranchPlot # ST-4, Al-Burhan Circle Hyderi, Block 'E',

North Nazimabad.

Phone : (021) 6626066, 6626004, 6625880Fax : 6625402

Gulistan-e-Jauhar Branch30-31, Saima Class ic Rashid Minhas Road.

Phone : (021) 4815926-27, 4815930 Fax : 4815924

Tipu Sultan Road BranchZ-111-112, Adamjee Nagar, Tipu Sultan Road.

Phone : (021) 4398457-9 Fax : 4398456

DHAPhase-I Branch114, 9th East Street, Phase-I,

Defence Housing Authority, Main Korangi Road.Phone : (021) 5887571-73 Fax : 5887574

Hawksbay Road BranchKB-28, Haji Ishaq Market, Main Hawksbay Road,

Opp. Quaid-e-Azam New Truck StandPhone : (021) 2355872 Fax : 2355873

Shershah BranchD-283, Main Shershah Road, S.I.T.E.

Phone : (021) 2585001-4 Fax : 2585005

Landhi BranchArea 5-D, Sector 36-E, Landhi Township.

Phone : (021) 5034451-3 Fax : (021) 5030875

Tariq Road Branch124/A, Block-2, P.E.C.H.S., Main Tariq Road

Phone : (021) 4386052-5 Fax : (021) 4386056

BRANCH NETWORK


26/29


HYDERABAD

Plot No.476/1 &476/2, adjacent to Hotel Faran, Saddar.Phone : (0221) 786020-22, 784242 Fax : 786023

SUKKUR

B-2823/B-2851, Frere Road, Sarafa Bazar.Phone : (071) 28173-75, 24753, 24750 Fax : 28176

QUETTAM.A. Jinnah Road Branch

Property No.2-12(1), M.A.Jinnah Road.Phone : (081) 841057, 841180-83 Fax : 827562

Hazar Gunji BranchPlot No. 332, 333, 334, Truck Stand, Hazar Gunji.

Phone : (081) 460520 Fax : 460519

GAWADAR

Gawadar Palace Motel, Airport Road.Phone : (0864) 211796-98 Fax : 210185

MIRPURKHAS

Plot # 864/7, Adam Town, Main Mmerkot Road,Phone : (02338) 74466, 74686 Fax : 75127

LAHORE

LDAPlaza BranchLDAPlaza,Kashmir Road.

Phone : (042)6306201-06 Fax : 6307836, 6368905

Gulberg Branch125/E-I, Gulberg-III, Main Boulevard.

Phone : (042) 5877800-8 Fax : 5754900, 5877807

Defence BranchG-9, Commercial Area, Phase-I, LCCHS.Phone : (042) 5729772-6, 5729722-26

Fax : 5729727, 5733591

Circular Road BranchA-43/A, Opp: Mazar Hazrat Shah Mohammad Ghous,

Circular Road.Phone : (042) 7638256-8 Fax : 7653384

Township Branch47-B/1, Block 10, Akbar Chowk, Township.Phone : (042) 5152833-6 Fax : 5113716

Badami Bagh Branch29-30 PECO Road, Badami Bagh.

Phone : (042) 7704961-66 Fax : 7728074

Allama Iqbal Town Branch36, College Block, Allam Iqbal Town.

Phone : (042) 5432961-5 Fax : 5432960

Shah Alam Market BranchHilal-e-Ahmar Health Complex, Shah Alam Market.

Phone : (042) 7673401-6 Fax : 7673409

Shadman Market BranchShop No. 2, Ground Floor,

Business Centre, Shadman Market.Phone : (042) 7538116-18 Fax : 7538119

Tufail Road Branch50/3, Tufail Road.

Phone : (042) 6689016-19 Fax : 6688374

Lahore Stock Exchange Branch

Basement Level - 2, Lahore Stock Exchange Building,19, Khayaban-e-Iqbal.Phone : (042) 6307461-69 Fax : 6307460

Baghbanpura BranchG.T. Road, Baghbanpura.

Phone : (042) 6844002-09 Fax : 6844010

Ravi Road Branch13 Ravi Raod.

Phone : (042) 7708661-65 Fax : 7708660

Liberty Branch10-C, Commercial Area, Liberty Market, Gulberg-III.Phone : (042) 5756288 &5756355 Fax : 5755226

Raiwind Road BranchThoker Niaz Beg, Raiwind Road.

Phone : (042) 5431802-05 Fax : 5431806

Shahdin Manzil Branch

Shahdin Manzil, Faysal Chowk, Mall Road.Phone : (042) 6012000-30, 6300581, 6300586

Fax : 6300589

DHAExtension BranchDivine Centre, Near Bhatta Chowk, New Airport Road,

Lahore CanttPhone : (042) 5700301-309 Fax : 7500311

Azam Cloth Market BranchRaheem Centre, Akbar Block, Azam Cloth Market

Phone : (042) 7665526

Shad Bagh Branch37, Umer Din Road, Wassanpura

Phone : (042) 7616252-56 Fax : 6260295

Urdu Bazar BranchMain Kabir Street, Urdu Bazar

Phone : (042) 7210644 Fax : 7210647

Ferozpur Road Branch18-KM, Main Ferozpur Road

Phone : (042) 5807810, 5807812-4 Fax : 5807811

Shahdara BranchMain G.T. Road, Shahdara Chowk

Phone : (042) 7900290 Fax : 7900291

Walton Road BranchE-28/A, Main Walton Road

Phone : (042) 6687390 Fax : 6687391

26

BRANCH NETWORK


27/29


ISLAMABAD

Blue Area Branch1-B, Awan Arcade, J innah Avenue, Blue Area

Phone : (051) 2206986-7 Fax : 2279897, 2274766

I-10 Markaz Branch4-A, I-10 Markaz.

Phone : (051) 4435804-6 Fax : 4435807

F-7 Markaz Branch5-A, Markaz F-7

Phone : (051) 2653944-49 Fax : 2653940

F-10 Markaz Branch4-D, Urfi Center, Markaz F-10

Phone : (051) 2809703-11 Fax : 2809700

Islamabad Stock Exchange Branch101 W, Waqas Plaza, Blue Area

Phone : (051) 2804102-4 Fax : 2804106

RAWALPINDI

The Mall Branch8, The Mall.

Phone : (051) 5566084-6 Fax : 5584213, 5567462

Satellite Town BranchB/20, North Star Plaza, Satellite Town, Murree Road.

Phone : (051) 4424080-6 Fax : 4424087

Jinnah Road BranchA-351, Jinnah Road (Old City Saddar Road).

Phone : (051) 5775325-8 Fax : 5775324

College Road BranchE/20-26, College Road

Phone : (051) 5762008, 5762010 Fax : 5762007

Chaklala Scheme III Branch59, Shah Plaza, Commercial Area

Chaklala Scheme IIIPhone : (051) 5766003-4 Fax : 5766005

WAH CANTT

4-1/100, Officers Colony, The Mall.Phone : (0596) 539426-28 Fax : 511980

FAISALABAD

Main BranchGround Floor, State Life Building, Liaqat Road.Phone : (041) 2617436-9, 2623511-2 Fax : 2617432, 2640834

Peoples Colony Branch237-B, Commercial Area, D-Ground,

Peoples Colony No. 1.Phone : (041) 722636-39 Fax : 722184

Susan Road Branch25-Z-101, Susan Road, Madina Town

Phone : (041) 8556673-5 Fax : 8556679

Rail Bazar BranchArea 5-D, Sector 36-E, Landhi TownshipPhone : (041) 2540801-3 Fax : 2540806

PESHAWAR

Peshawar Cantt. Branch6/38/L-Islamia Road.

Phone : (091) 287051-5 Fax : 287058, 9212254

Peshawar City BranchPark Inn Hotel Building, Khyber Bazar, Peshawar City.Phone : (091) 251794, 250796, 2590023-27

Fax : 251380

Hayatabad Jamrud Road BranchShop No. B-29 &30, J.B. Plaza,

Karkhano Market, Hayatabad, Jamrud RoadPhone : (091) 5822903-7 Fax : 5822908

Hashtnagri G.T. Road Branch1045-1046, Hashtnagri,

Opp: Sarhad Chamber of Commerce, G. T. RoadPhone : (091) 2593003 Fax : 2593001

MULTAN

Abdali Road Branch62-A, Abdali Road.

Phone : (061) 4546792-6 Fax : 4570233, 4540970

Vehari Road Branch618/B, Vehari Road.

Phone : (061) 6244492-95 Fax : 6244496

Ahmedpur East BranchPlot# 188, Block XI, Kutchery Road

Phone : (062) 2275504-8 Fax : 2275503

Daharki Branch446, National Highway Phone : (0723) 641255, 641355,

641217, 641711 Fax : (062) 2275503

Gotki BranchShop # 1-13, Station Road Phone : (0723) 684404,

684483, 684432, 684198 Fax : (062) 684296

SIALKOT

40/A, Paris Road.Phone : (052) 4591741, 4591442 Fax : 4593210, 4591742

RAHIM YAR KHAN

City Centre Complex, Shahi Road.Phone : (068) 5879880-1, 5885970 Fax : 5879882

GUJRANWALA

B XII-7S-145, Krishan Nagar, G.T. Road.Phone : (055) 3859931-3, 3847031-33

Fax : 3856471, 3255295

27

BRANCH NETWORK


28/29


SAHIWAL

183-Sarwar Shaheed Road.Phone : (0441) 67691-5 Fax : 67696

SARGODHA

Block # 5, Liaqat Road, Opp: Jamia Mosque Hamid Ali.Phone : (0451) 724138-9 Fax : 724193

GUJRAT

15/231, Circular Road, Opp: Rampair MahalPhone : (0433) 530219, 530068-70 Fax : 530319

MARDAN

C-929 to 932 &C-662, Ex-Arif Hotel Building,Bank Road.

Phone : (0931) 73631-3 Fax : 73733

BAHAWALPUR

Ground Floor, Bdg. No. V/912, Circular Road.Phone : (0621) 889922-5 Fax : 889874

DERAGHAZI KHAN

24-Block # 15, Liaquat Bazar.Phone : (0641) 468105 Fax : 468104

MINGORA, SWAT

Khasra No.95, Makan Bagh,Saidu Sharif Road, Opposite PTCL Office.

Phone : (0936) 726745-6, 726740-4 Fax : 726747

JHELUM

Bunglow No.67, Kazam Kamal Road.Phone : (0541) 610162, 610172, 610182 Fax : 610050

NAWABSHAH

Municipal Office Chowk, Katchery RoadPhone : (0244) 330721-28 Fax : 330729

MIAN CHANNU

Ghazi Morr, G.T. Road.Phone : (065) 2665301-4 Fax : 2665383

SHEIKHUPURA

Main Lahore-Sargodha Road.Phone : (04931) 614972-79 Fax : 614976

DERAISMAIL KHAN

Plot # 3666-B, Kashmir Chowk, North Circular Road,Phone : (0961) 720606-10 Fax : 720612

OKARA

Plot No. 14, Sahiwal Road.

Phone : (0442) 550418-22 Fax : 550423

ABBOTTABAD

191, Supply Bazar, Main Mansehra Road.

Phone : (0992) 344723-6 Fax : 344728

JHANG

9-D, Yousuf Shah Road, Jhang Saddar.

Phone : (0471) 624701-3 Fax : 624704

TOBATEKSINGH

105-Farooq Road, Mohallah Jamia Masjid.

Phone : (0462) 517837-9 Fax : 517841

BUREWALA

95-C, Al-Aziz Market, College Road.

Phone : (067) 3771901-4 Fax : 3355042

KOHAT

Bannur Road, Kohat Cantt.

Phone : (0922) 522791-7 Fax : 522798

SADIQABAD

28-29 D, Allama Iqbal Road.

Phone : (068) 5802501-4 Fax : 5802704

MANDI BAHAUDDIN

17/207 Alvi Plaza, Alvi Hospital Chowk, Phalia Road.

Phone : (0456) 509730-32 Fax : 509729

LALAMUSA

G.T. Road.

Phone : (053) 518068 Fax : 518068

ATTOCK

Zila Council Plaza, Katchery Chowk.

Phone : (057) 2701568, 2701557-58

UAN : 111-777-786 Fax : 2700248

KHARIAN

1, Rizwan Plaza, Main G.T. Road.

Phone : (053) 7536241-43 Fax : 7536245

28

BRANCH NETWORK


29/29


CHAKWAL

City Trade Centre, Tehsil Chowk, Rawalpindi Road.

Phone : (0543) 555206-218 Fax : 555220

HANGU

Saif-ur-Rehman Market, Opp. DCO Bungalow,

Kohat Road, Main Bazar.

Phone : (0925) 624641-43 Fax : 624644

CHICHAWATNI

1-Railway Road Rai House, Chichawatni, District Sahiwal.

Phone : (0405) 487802-6 Fax : 487807

CHINIOT

1-A, Sharah-e-Quaid-e-Azam.

Phone : (047) 6000712 Fax : 6331322

DASKA

Gujranwala Road.

Phone : (052) 6616834-35 Fax : 6619650

KASUR

Shop # 8-12, Adjacent to Mazar,

Hazrat Baba Bulley Shah, Railway Road.

Phone : (0492) 765218-19 Fax : 770890

HAFIZABAD

BV-BS-26, Railway Road.

Phone : (0547) 540801 Fax : 540804

ARIFWALA

47/D, Zain Palace, Qaboola Road.

Phone : (0446) 35711-14 Fax : 35717

PAKPATTAN

Main College Road.

Phone : (0457) 76020-22 Fax : 76024

ISLAMIC BANKING BRANCHES

Uni-Tower, Karachi213 - Uni-Towers, I.I.Chundrigar Road.

Phone : (021) 2472295-8 Fax : 2425970

Shahrah-e-Faisal, KarachiFaiyaz Centre, Shahrah-e-Faisal.

Phone : (021) 4313580 Fax : 4313581

Main Branch, Lahore66-Main Boulevard, Gulberg.

Phone : (042) 5715241-5 Fax : 5715249

McLeod Road, LahoreAbid Plaza, 13, McLeod Road.

Phone : (042) 7211631-5 Fax : 7211640

New Garden Town, LahoreAwami Complex Block # 1, New Garden Town.

Phone : (042) 5846374-8 Fax : 5846386

YBlock, Lahore93-Y, Commercial Area, Phase III,

Defence Housing Authority.Phone : (042) 5746191-5 Fax : 5746190

Johar Town, Lahore69-R-I, M.A. Johar Town.

Phone : (042) 5313401-05 Fax : 5313406

Jinnah Avenue, Islamabad8-E, REDCO Plaza, Jinnah Avenue, Blue Area.

Phone : (051) 2879580-4 Fax : 2879589

Cantt. Rawalpindi125-D, Murree Road.

Phone : (051) 5795184-88 Fax : 5795189

Kutchery Bazar Faisa labadP-36, Kutchery Bazar.

Phone : (041) 603021-5 Fax : 603028

Medical College Road,Faisalabad1-Ramana, Opp: Punjab Medical College, Jail Road.

Phone : (041) 8581602-04 Fax : 8581582

GujranwalaFaisal Arcade G.T. Road.

Phone : (0431) 557301-5 Fax : 557310

Multan2, Bosan Road.

Phone : (061) 750941-5 Fax : 750885

PeshawarJamrud Road.

Phone : (091) 5701385-89 Fax : 5701392

SialkotAli Building, Khadim Ali Road.

Phone : (0432) 241302-5 Fax : 241306

OVERSEAS BRANCHES

Dhaka, Bangla Desh5-Rajuk Avenue, Motijheel C.A.

Phone : (008802) 7168821-05 Fax : 9557413

Kabul, Afghanistan410, Chahrahi-e-Sadarat, Shah-e-Nou

Phone : (009375) 2004105-10 Fax : 2002142

29

BRANCH NETWORK

bank al falah quarterly sep 2005 final

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