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7/30/2019 Final Accounts 2005
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1. STATUS AND NATURE OF BUSINESS
1.1 Reorganization and conversion
1.2 Status
1.3
2. BASIS OF PRESENTATION
3. STATEMENT OF COMPLIANCE
4.
ZARAI TARAQIATI BANK LIMITEDNOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2005
The Federal Government in its cabinet meeting held on 28 August 2002 decided for the reorganization and conversion of
Agricultural Development Bank of Pakistan into a public limited company for the purposes of ensuring good governance,
autonomy, deliveringhigh quality and viable financial services to a greater number of rural clientele and adequate returns to
stakeholders. Accordingly theAgricultural Development Bankof Pakistan (Reorganization and Conversion) Ordinance, 2002
was promulgated for taking over the entire undertaking of Agricultural Development Bank of Pakistan and for matters
connected therewith or incidental thereto.
Thus as required under section 3 of the Agricultural Development Bank of Pakistan (Reorganization and Conversion)Ordinance, 2002, Zarai Taraqiati Bank Limited was incorporatedaspublic limitedcompanyunder theCompanies Ordinance,
1984 on 23 October 2002. Consequently, under SRO 823 (1)/2002 dated 18 November 2002, all the assets, contracts,
liabilities, proceedings and undertakings of Agricultural Development Bank of Pakistan were transferred to, and vested in
Zarai Taraqiati Bank Limited on 14 December 2002.The Bank's principal office is situated at 1-Faisal Avenue (Zero Point),
Islamabad.The Bank operates 345 (31 December 2004:345) branches in Pakistan as at close of the year.
These financial statements havebeenpresented in accordance with the revised formof Accountsand Balance Sheet under
BSD Circular No. 36 dated 10 October 2001 issued by the Banking Supervision Department of Sate Bank of Pakistan.
These financial statements areprepared in accordance with the approved International Accounting Standards as applicable
in Pakistanand therequirements of theCompanies Ordinance, 1984and theBankingCompanies Ordinance,1962. Approvedaccountingstandards compriseof suchInternational Accounting Standardsasnotifiedunder the provisions of theCompanies
Ordinance,1984. Wherever therequirements of theCompanies Ordinance, 1984, BankingCompanies Ordinance,1962 or the
directives issued by theSecurities and Exchange Commisionof Pakistan (SECP) and the State Bank of Pakistan differ with
the requirements of these standards, the requirements of the Companies Ordinance,1984, Banking Companies Ordinance,
1962 or the requirements of the said directives take precedence.
The mainpurpose of the Bank is toprovidesustainable rural financeand servicesparticularly tosmall farmersand lowincome
houses to strengthen the rural and agricultural sector, mitigate poverty, capital market and investment activities and other
Banking business.
The Securities and Exchange Commission of Pakistan (SECP) has approved and notified the adoption of International
Accounting Standard 39, Financial Instruments; Recognition and Measurement and International Accounting Standard 40,
Investment Property. The requirements of thesestandards havenot beenfollowedinpreparation of thesefinancial statements
astheStateBankof Pakistan has deferredtheimplementation of thesestandards inPakistantill further instructions. However,investments havebeenclassified in accordancewith the requirments of the format prescribed bythe State Bank of Pakistan
for the financial statements.
These financial statements have been prepared on the historical cost convention as modified for the revaluation of certain
BASIS OF MEASUREMENT
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5. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
5.1 Staff Retirement Benefits
Pension Scheme
Gratuity Scheme
Provident Fund Scheme
Benevolent Scheme
Post retirement medical benefits
Employees Compensated Absences
The Bank also has two funded defined benefits benevolent fund schemes for its employees, separately for officers and for
clerical and non-clerical staff. Contribution to these schemes are made by employees and the bank. The employee's
contribution is matchedbyanequal contributionbythe bankwhich is also liabletomeet any shortfall in thefund, determined
on the basis of actuarial valuation. Transitional liability arising on first adoption of International Accounting Standard - 19
(revised 2000) "Employee Benefits" is recognized as an expense on straight line basis over five years from the date of its
adoption.
The Bank accounts for all accumulating compensated absences when the employees render service that increases their
The Bank operates anunfunded defined benefit post retirement medical benefit scheme for all of its employees. Provision is
made in the financial statements for thebenefit based onactuarial valuation. Actuarial gains/losses are accounted for in the
manner similar to pension scheme.
The Bank operates defined benefits funded pension scheme approved by income tax authorities, for its eligible employeeswho opted for the new employees benefits scheme, introduced in 1975 and 1977 for clerical/non-clerical staff and for
executives/officers, respectively. The bank's costs are determined on the basis of actuarial valuation carried out by
independent actuaries by using 'Projected Unit Credit Method'. Any surplus/deficit arising on actuarial valuation in excess of
the higher of 10% of present value of defined benefits obligations or 10% of the fair value of plan assets is recognized as
income or expense over the estimated working lives of the employees.
The Bank operatesanunfundeddefinedbenefit post retirement medical benefit scheme for all of its employees . Provision is
made in the accounts for the benefit based on actuarial valuation. Actuarial gains/losses are accounted for in the manner
similar to pension scheme.
The Bank operates defined benefits funded gratuity scheme approved by income tax authorities, for its eligibleemployees
who did not opt for the new employees benefits scheme, introduced in 1975 and 1977 for clerical/non-clerical staff and forexecutives/officers, respectively. Annual contributions aremadeonthebasis of actuarial recommendations. Any surplus/deficit
arising on actuarial valuation by independent actuaries in excess of the higher of 10%of present value of defined benefit
obligation or 10%of the fair valueof plan assets is recognized as income or expenseover the estimated working livesof the
employees.
The Bank operates a defined contribution funded provident fund scheme for its employees who did not opt for the new
employees benefits scheme introduced in 1975and 1977 for clerical/non clerical staff and for executives/officers respectively.
Under this scheme, equal contributions at defined rates are made by themember employees and the bank. The bank also
operates non-contributory provident fund for its employees who opted for the new employees benefits scheme, as
mentioned above. Under this, non contributory provident fund, contributions at defined rates are made by its member
employees only. Both of these provident funds are approved by the income tax authorities.
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5.3 Revenue recognition
5.4 Advances
5.5 Investments
Held for trading
Held to maturity
Availab le fo r sale
5.6
Gains or losses on disposals of investments are dealt with through profit and loss account in the year in which they arise.
These are investments with fixedordeterminablepayments and fixedmaturityand the Bank has the positive intent and ability
to hold them till maturity.
Impairment
In accordancewith BSD circularNo. 10and 14dated 13July 2004and 24September 2004respectively, issued by the State
Bank of Pakistan, the bank classifies its investment portfolio into 'Held for Trading', 'Held to Maturity' and 'Available for Sale
Securities' as follows:
These are investments acquired principally for the purpose of generating profits from short term fluctuations in price.
The surplus/deficit arising as a result of revaluation at fair value ontradingportfolio is taken to income andthat relating to the
available for sale portfolio is kept in a seperate account and shown below equity.
Advances arestated at net of provision for non-performing advances. Provision for non-performing advances isdetermined on
the basisof Prudential Regulations issued by the State Bank of Pakistanand charged to profit and loss account. Advances
are written off when there is no realistic prospect of recovery. As a further prudence, value of mortgage land and buildings
relating to non-performing loans and advances is treated as nil.
All purchases and sales of investments that requires delivery within the timeframe established by regulation or market
convention are recognized using the trade date method of accounting.
Quoted securities where ready quotes are available on Reuters Page (PKRV) or Stock Exchange, other than investments
classified as held to maturity, are valued at fair value. Investments classified as held to maturity are carried at amortised cost.
Investment in un quoted securities are carried at cost less impairment loss, if any.The difference between the face value and purchase price is amortised over the remaining life of the investment using
effective yield method, in order to determine amortised cost.
The carrying amount of assets are reviewed at each balance sheet date to determine whether there is any indication of
impairment of any asset or group of assets. If such indication exists, the recoverable amount of the assets is estimated. An
impairment loss is recognized whenever thecarryingamount of anasset exceeds its recoverable amount. Impairment losses
are recognized in profit and loss account.
Profit/(loss) on sale of investments is credited/charged to profit and loss account currently.
Dividend income is recognized when the Bank's right to receive has been established.
Markup/interest on advances and returns on investments are recognized on an accrual basis except markup/interest on
classified advanceswhich is recognizedona receipt basis, inaccordance with the Prudential Regulations issuedbytheState
Bank of Pakistan.
Commission is recognized when earned.
These are investments which do not fall under the held for trading and held to maturity categories.
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5.8 Taxat ion
Current
Deferred
5.9 Provisions
5.10 Foreign currencies
5.11 Related party transactions
5.12 Financial instruments
Provisions are recognized when the Bank hasa legal or constructive obligation asa result of past events and it is probable
that an outflow of resources will be required to settle the obligation and a realiable estimate of the amount can be made.
Provisions are reviewed at each balance sheet date and are adjusted to reflect current best estimate.
The Bank operates foreign currency transactions through State Bank of Pakistan in local currency by paying exchange
fluctuation risk fee to the State Bank of Pakistan.
All transactions undertaken between the Bank and the related parties are measured at arms' length prices determined in
accordance with themethods for determining arms' lengthprices asprescribed by the Securities and Exchange Commission
of Pakistan (SECP).
The above revision have been accounted for as changed in accounting estimate in accordance with the requirements of
International Accounting Standard (IAS) 8, "Accounting Policies, Changes in Accounting Estimates and Errors". Accordingly,
the effect of these changes in accounting estimates has been recognised propectively in the profit and loss account of the
current year. Had there been no change in these accounting estimates, the loss for the year would have been lower by
Rupees 2.270 million.
Financial instruments carried on the balance sheet include certain receivables, cash and bank balances, investments,
advances, borrowing fromfinancial institutions, deposits and other payables. The particular recognition methods adopted aredisclosed in the individual policy statements associated with each item.
Provision for current taxation is based on taxable income at thecurrent rate after taking into account tax credits, exemptions
and rebates as laid down in the applicable income tax law.
Deferred tax is provided usingthe balancesheet liabilitymethod, providing for all temporary differencesbetween the carrying
amounts of assets and liabilities for the financial reporting purposesand amount used for thetaxationpurposes. Theamount
of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and
liabilities using the tax rates enacted at the balance sheet date. A deferred tax asset is recognized only to the extent it is
probable that future taxableprofit will beavailableand thecredits can beutilized. Deferred tax asset is reduced to the extent
that it is no longer probable that the related tax benefits will be realized.
International Accounting Standard (IAS) 16, "Property, Plant and Equipment (revised 2003)" is applicable to financial
statements covering annual periods beginning onor after 01January 2005and requires a reviewof residual valueof assets,
useful lives and depreciation method at each financial year end. Accordingly, based on a review of the above, the
management has revised the rate of depreciation on computer equipment from 20 percent to 33.3 percent.
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6. CASH AND BALANCES WITH TREASURY BANKS
Note
Local currency
In hand 395,962In current accounts with:
State Bank of Pakistan 6.1 1,189,047National Bank of Pakistan 412
1,585,421
6.1
7. BALANCES WITH OTHER BANKS
In Pakistan:
On current accounts 21,673On deposit accounts 7.1 7,792,171
Outside Pakistan:On current accounts -On deposit accounts -
7,813,844
7.1
8. INVESTMENTS
8.1
These carry a markup ranging from 2% to 12.75%.
2005
(Rupees in t
It represents deposits maintained with State Bank of Pakistan to comply with the regulations issued from time to
2005 2004
Investments by types Held by Given as Held by Given as
bank collateral bank collateral
Avai labl e for sale secur iti es
Listed companies 90,294 - 90,294 90,293 - 90,293
Unlisted companies 5,000 - 5,000 5,000 - 5,000
95,294 - 95,294 95,293 - 95,293
Held to maturity securities
Market treasury bills 5,940,943 - 5,940,943 595,331 - 595,331
Pakistan investment bonds 1,148,835 - 1,148,835 1,155,895 - 1,155,895
Federal investment bonds 815,342 2,866 818,208 864,050 3,037 867,087
Certificates of investment 4,572,758 - 4,572,758 - - -
Federal Government securities - - - - - -
Provincial Government securities - - - - - -
12,477,878 2,866 12,480,744 2,615,276 3,037 2,618,313
Total investments 12,573,172 2,866 12,576,038 2,710,569 3,037 2,713,606
- (413) (998) - (998)
Surplus on revaluation of securities 245,043 - 245,043 137,069 - 137,069
Investments at revalued amounts- net of provisions 12,817,802 2,866 12,820,668 2,846,640 3,037 2,849,677
Provision for impairment in value of
investments in listed shares (413)
Total Total
( R u p e e s i n t h o u s a n d )
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8.2 Inves tm en ts by s egmen ts
Federal Government Securities 8.3Market treasury bills 5,940,943Pakistan investment bonds 1,148,835
Federal investment bonds 818,2087,907,986
Add/(less) : Surplus/(deficit) on revaluation of Government securitie -7,907,986
Fully Paid up Ordinary Shares:
Listed Companies 8.4 90,294Unlisted Companies 8.5 5,000
95,294Add: Surplus on revaluation of listed shares 245,043
340,337
Certificates of investments 8.6 4,572,75812,821,081
Provision for impairment in value of investments in listed shares 8.7 (413)
Investments at revalued amounts - net of provisions 12,820,668
8.3 Principal terms of investments in Federal Government securities
8.3.1
8.3.2
8.4 Particulars of investments held in l isted companies
8.4.1
Federal Investment Bonds having amortised cost of Rupees 2.866 millions (Rupees 3.037 million: 31 Decepledged/lodged with State Bank of Pakistan as security for TT/DD discounting facility obtained for branches.
2005
Market Treasury Bills, Federal Investment Bonds and Pakistan Investment Bonds are held by the Bank wh
statutory liquid reserve requirements.
Note
(Rupees in t
Dadabhoy AgriculturalLeasingLimitedis under suspension sinceNovember 2001. At thedate of suspension, i
persharewasRupees250against its facevalueofRupees10pershare
No. of Ordinary SharesPaid up
value/shareName of companies 2005 2004
2005 2004 Rupees Note
280,090 280,090 10 Nestle Milkpak Limited 89,297 89,296
450,000 450,000 10 Uqab Breeding Farm Limited 585 585
150,000 150,000 10 Mubarik Dairies Limited 412 412
300,000 300,000 10 Dadabhoy Agricultural Leasing Limit 8.4.1 - -
90,294 90,293
(Rupees in thousand)
Name of investment Matur ity Pr incipal payment Rate Coupon payment
%
Market Treasury Bills January 2006 to August 2006 On maturity 7.68 to 8.68 at maturity
Pakistan Investment Bonds August 2011 to December 2011 On maturity 12 to 13 semi-annually
Federal Investment Bonds March 2008 On maturity 15 semi-annually
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8.5 Particulars of investments held in unlisted companies
8.5.1
8.5.2
8.5.3
8.5.4
8.6 Particulars of cert i ficates of investments
2005
8.7 Particulars of provision for impairment in value of investments in listed shares
Opening balance 998
Charge for the year -
Reversal for the year (585)
Closing balance 413
9. ADVANCESLoans, cash credits, running finances, etc.In Pakistan 64,744,526Outside Pakistan -
9.1.3 64,744,526Less:Provision for non-performing advances 9.2 (11,814,916)
Saudi Pak Kala Bagh Livestock Limited has defaulted in the repayment of loan and the case has been refeAccountability Bureau.
Market valueof listed investment is Rupees 333.046million and bookvalueof unlisted investments is Rupees
value of investment in unlisted securities is Rupees 31.697 million.
Larkana SugarMillsLimited is in the process of liquidation since February 2000andthere is noprobabilityof
amount invested on final settlement.
Investment in Saudi Pak Kalabagh Livestock Limited and Larkana Sugar Mills Limited are stated at book val
availabilityof required information for the calculation of breakup value. Moreover, these investments are fully
these financial statements.
(Rupees in t
Name of investee Maturi ty Principal payment Rate Coupon paymen
%Saudi Pak Industrial and
Agricultural Investment Co. January 2006 On maturity 11 at maturity
Pakistan Industrial Credit
and Investment Corporation January 2006 On maturity 11 at maturity
Pakistan Kuwait Investment
Company (Pvt.) Ltd. February 2006 to March 2006 On maturity 10.25 to 11.10 at maturity
Name of Investee NotesPercentage
of holding
Number of
shares held
Break up
value
Based on
audited
financial
statements
as at
Name of
Chief Executive/
Managing Director
Rupees
National Commodity Exchange Limited 12.50% 500,000 (2,123,845) 30 June 2005 Mr. Assim Jang
Saudi Pak Kala Bagh Livestock Limite 8.5.1 33.33% 1,000,000 - - Mr. M. Asad Khan
Pakistan Agricultural Storage and
Services Corporation Limited 8.33% 2,500 - - Maj.Gen.(R) F.A.Khan
Larkana Sugar Mills Limited 8.5.2 6.36% 141,970 - - Mr. Anwar Majeed
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52,925,286
9.1.3
9.2
9.2.1 Particulars of advances under non-performing status
9.2.2
9.2.3
-
34,263
-
9 3
( R u p e e s i n t h o u
Debts due by companies or firms in which the
directors of the bank are interested as
directors, partners or in the case of privatecompanies as members
Debts due by directors, executives or officers
of the bank or any of them either severally or
jointly with any other person
* The maximum amount has been calculated by reference to month-end balances.
Debts due by subsidiary companies, controlled
firms, managed modarabas and other related
parties
Advances include Rupees 23,424 million (31 December 2004 : Rupees 40,465 million) which have been pla
performing status as detailed below:
*Maximum t otal
advances includinadvances grante
year
Particulars of loans and advances todirectors and associated companies etc. Balance Outstanding as at31 December 2005
Specificprovisionamounting to Rupees 1,031million held under portfolioaudit has beenchargedoff as requi
Bank of Pakistan's Prudential Regulations for agricultural financing issued vide BPD circular No. 27 dated 22 Oc
Loans and advances have been shown in accordance with the BSD Circular No.9 dated 09 November 200
State Bank of Pakistan.
Th F d l G t h d id d i th ti f th F d l C bi t 28A t 2002 t C ti
Provisi on Provision
required held
Other Assets Especially Mentioned 5,567,675 - 5,567,675 - -
Substandard 9,121,312 - 9,121,312 1,824,262 1,824,262
Doubtful 3,489,465 - 3,489,465 1,744,732 1,744,732
Loss 5,245,922 - 5,245,922 5,245,922 5,245,922
Total 9.2.1 23,424,374 - 23,424,374 8,814,916 8,814,916Add: Provision under portfolio audit 9.3
General - - - - 3,000,000
Specific 9.2.2 - - - - -
23,424,374 - 23,424,374 8,814,916 11,814,916
2005
( R u p e e s i n t h o u s a n d )
Category of classification Note Domestic Overseas Total
9,010,810 - 9,010,810 3,499,510 3,499,510
516,473 - 516,473 115,247 115,2472,407,319 - 2,407,319 743,648 743,648
11,489,772 - 11,489,772 4,456,511 4,456,511
23,424,374 - 23,424,374 8,814,916 8,814,916
Finance for livestock
Farm credit for inputs
Farm development financeLoan for purchase of machinery
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9.4
9.4.1
2005
3) The balance of provision of Rupees 1 billion in the financial statements for the year ending 31 December 20
2) Provision of Rupees 3 billion be created in the financial statements for the year ending 31 December 2004.
The State Bank of Pakistan has issued Prudential Regulations for Agriculture Financing during the current
Circular No. 27 dated 22 October 2005. These regulations require agricultural advances overdue by 90 days
and a half years and two years to be classified as OAEM, substandard, doubtful and loss respectively. Inregulations specify that provisionshould bemade in thefinancial statements equal to 20percent, 50percent, a
in respect of overdue agricultural advances classified as substandard, doubtful and loss respectively, of t
balance of principal and value of mortgaged land and building as valued at the time of sanctioning of loan.
required to bemade against theoutstandingbalanceofprincipal relatingto overdueagricultural advancesclas
Theseregulations also require that in any case the loan account shall be fullycharged off after three years f
Subsequently theMinistryof Finance, Government of Pakistanhas directed theBank vide their letter No. (6)-3
08June2005 to reverse the specificprovision created onthe basis of portfolio audit against loans andadvan
beensubsequentlyrecovered in thefinancial statements for theyearended2004andcomplywith theStateBa
Prudential Regulations for makingthenecessarytime based provisions. In complyingwith Ministry of Finance,
Pakistan's directives, the Bank has reversedthe specificprovision to the extent of recoveries against the spec
Rupees 3,000.799 million made in the accounts for the year 2003 over and above the Prudential Regulatio
pursuant to portfolio audit carried out as a part of restructuring process of the Bank.
Previously, provision was determined in respect of non performing agricultural advances in accordance wit
givenin thePrudential Regulations for Corporate / Commercial banking. Hadtheprovisionagainst agricultural
determined on previous years' basis, the specific provisionagainst non-performing loans and advances and
have been lower and higher by Rupees 2,573 million.
However, as a matter ofprudencethe Bank has not applied the adjustment factor of the value of mortgagedla
in determining the provisioning requirement against the non-performing loans and advances portfolio. Ha
mortgaged land and building been discounted strictly in accordance with the requirement of the Prudential
specificprovisionagainst non-performingadvancesasat31December 2005wouldhavebeenlowerandadvanbeen higher by Rupees 5,633 million respectively.
AccordinglyState Bank of Pakistan appointed an independent firmof Chartered Accountantswho carried out
and recommended a provision of Rupees 10 billion against its non-performing advances to meet the requi
Prudential RegulationNo. VIII of StateBankof Pakistan. The Bank incorporateda general provision of Rupee
yearended30June2002onthebasisof theprovisionalportfolioauditReport.Government ofPakistanapprove
ofRupees 07billionwhichwill beprovidedto ZaraiTaraqiati Bank Limited over a period of three years. Incons
the State Bank of Pakistan vide their revised letter No.BSD/SU-54/4033286/2004 dated 05 June 2004 hasprovision of Rupees 7 billion is to be provided by Zarai Taraqiati Bank Limited in their account in three installm
1) Provision of Rupees 3 billion be created in the financial statements for the year ending 31 December 2003.
2005 2004
Particulars of provision against
non-performing loans and advancesNote Specific General Total Specific General Total
Opening balance 22,566,660 3,000,000 25,566,660 20,992,982 3,000,000 23,992,982
Net charge for the year 4,731,992 - 4,731,992 3,406,277 - 3,406,277
Amounts written off 9.5 (18,479,412) - (18,479,412) (734,029) - (734,029)
Reversals under portfolio audit - - - (1,098,570) - (1,098,570)
Closing balance 8,819,240 3,000,000 11,819,240 22,566,660 3,000,000 25,566,660
( R u p e e s i n t h o u s a n d )
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9.6
Note 2005
10. OTHER ASSETS
Income/mark-up accrued on loans and advances 10.1 2,085,487
Income/mark-up accrued on investments 178,026
Other advances, deposits, advance rent and other prepayments 63,902
Stationery and stamps on hand 10,970
Tax recoverable 10.2 308,053
Amount recoverable from Federal Government 10.3 -Presidential relief package 10.3 -
Relief Packages 939,468
Preliminary expenses 10.4 -
Branch adjustment accoun 792,819
Receivable from defined benefit plans 10.5 1,936,411
Stock in hand 14,640
Assets relating to Bangladesh 10.6 1,343,235
Receivable from Federal Government against Golden Hand Shake Scheme 2,643
Receivable from Pension Trust Fund against Golden Hand Shake Scheme 10.7 117,901
Receivable from Benevolent Trust Fund against Golden Hand Shake Sche 10.7 17,250
Suspense account 3,848
Non-banking assets acquired in satisfaction of claim 10.8 209,574
Others 10.9 15,208
8,039,435Less:Provision held against other assets 10.10 (28,737)
8,010,698
10.1
10.2
10.3
(Rupees in t
This includes an amount of Rupees 297.149 million receivable on account of minimum income tax levied by
authorities under Section80-Dof Income Tax Ordinance, 1979, forassessment years1991-92to 1998-99. Th
Bankwasexempt fromtax upto incomeyearended 30June1999. The Bank paid,under protest, thedisputedt
also filed writ petition in this respect in Lahore High Court, Rawalpindi Bench, Rawalpindi. Later on, the ba
petition ondirectionsof the Federal Government and the casewasreferred to the Lawand Justicedivisionof t
ofPakistanwhich decidedthereference inBanks favour. The Central BoardofRevenuedisagreed with theaf
and hasfurther taken upthe matter with Federal Cabinet for its review. Federal cabinet has referred the caseGeneral for final decision.Theadvice/decision of the Attorney General is still awaited. Since the Bank is very
favourable decision from the Attorney General, no provision in this respect has been made by the Bank in its bo
This includesanamount of Rupees 1,756million in respect of agricultural loansand advanceswhich has been
netting off interest suspense of Rupees 6,119 million ( 31 December 2004: 23,234 million). Further, the int
account amounting to Rupees 11,550 million has been charged off as required under State Bank of Pakis
Regulations for agricultural financing issued vide BPD circular No. 27 dated 22 October 2005.
The Bank has beenallowingremissions,under theinstructionsof theFederalGovernment fromtime to time,w
to Rupees 5,599.476million (31December 2004: Rupees 5,590.397million) includingRupees1,741.162millio
thePresidential Relief Package2002. The amount has now beenoff-setted against theprovisionheld asdesi
Committeeof theBoardofDirectors
In terms ofsub-section(3)of section 33(A) of theBanking Companies Ordinance, 1962thestatement of amo
written-off loans or any other financial relief of Rupees 500,000 or above allowed to a person(s) during the
December 2005isgiven atAnnexure-1 inrespectofproject loansonly.Furtheranadditional amountofRupee
has been charged off as required under State Bank of Pakistan'sprudential regulations for agricultural financ
BPD Circular No.27 dated22October2005whichhas not beenshown at annexure-1. However, this writeoff
the Bank's right to recover these debts from the customers.
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10.5.1
10.6
10.7
10.8
2005
10.9 Others
Defence Saving Certificate 17
Advance for purchase of machinery/goods in transi 17
Legal charges recoverable on suits filed against loan defaulter 15,174
Others -
15,208
10.10 Provision against other assets
Opening balance 5,615,277
Charge for the year 12,936
Receivable from Federal Government written off against provisions (5,599,476)
Closing balance 28,73711. OPERATING FIXED ASSETS
11.1
11.2
The detail of disposal of assets whose original cost or the book value exceed one million and two hundre
Rupees respectively, whichever is lower is NIL.
(Rupees in t
Market valueof non-banking assets acquired in satisfaction of claims is Rupees 358.680million. Market value
assets acquiredin satisfaction of claims for theyear ended 31December 2004, having bookvalueof Rupees
was not available.
It represents the amount receivable from Pension Fund Trust and Benevolent Fund Trusts against Golde
It represents theamount relating to theactivitiesof theBank inBangladesh(formerEast Pakistan)beforeits se
with thedecisioncontained in Finance Divisionletter No.F.5(12)PEC(op-FR)/78-236 dated06May1979, theB
interest at the rate of 8% on its loans and advances made in Bangladesh (former East Pakistan) with contr
liabilities (note-17) relating to its activities in Bangladesh.
It represents assets recognizedbytheBank asrequiredbyInternationalAccountingStandard-19"EmployeeB
its defined benefit schemes on the recommendation of independent actuaries.
Acquired Land and building having a book value of Rupees 217.341 million has been transferred to other a
assets acquired in satisfaction of claims.
01 January
2005Add itio ns
(Disposals
)/
(transfers)
31
December
2005
01
January
2005
Charge
for
the year
Adjus tme
nt for the
year
31
December
2005%
Land - freehold 276,195 - (105,234) 170,961 - - - - 170,961 -
Land - leasehold 10,640 - - 10,640 796 398 - 1,194 9,446 -
Building on freehold land 137,511 375 - 137,886 13,719 6,208 - 19,927 117,959 5
Building on leasehold land 415,794 45 (112,107) 303,732 41,674 13,103 - 54,777 248,955 5
Furniture, fixture and
office equipment 68,871 9,268 (4,321) 73,818 20,751 17,611 (1,302) 37,060 36,758 10/33
Vehicles 245,917 15,257 (18,744) 242,430 101,003 48,486 (13,121) 136,368 106,062 20
2005 1,154,928 24,945 (240,406) 939,467 177,943 85,806 (14,423) 249,326 690,141
2004 1,136,034 21,802 (2,908) 1,154,928 90,765 88,403 1,225 177,943 976,985
( R u p e e s i n t h o u s a n d )
Rate
of
Deprecia
on
as at
31
December
P a r t i c u l a r s
C O S T AS AT ACCUMULATED DEPRECIATION AS AT
7/30/2019 Final Accounts 2005
14/44
969,443
624,4469
1,593,898
38,30814,752,960
--
14,791,268
2004
ousand)
time
2005 2004
Held by Given as Held by Given as
bank collateral bank collateral
90,294 - 90,294 90,293 - 90,293
5,000 - 5,000 5,000 - 5,000
95,294 - 95,294 95,293 - 95,293
5,940,943 - 5,940,943 595,331 - 595,331
1,148,835 - 1,148,835 1,155,895 - 1,155,895
815,342 2,866 818,208 864,050 3,037 867,087
4,572,758 - 4,572,758 - - -
- - - - - -
- - - - - -
12,477,878 2,866 12,480,744 2,615,276 3,037 2,618,313
12,573,172 2,866 12,576,038 2,710,569 3,037 2,713,606
- (413) (998) - (998)
245,043 - 245,043 137,069 - 137,069
12,817,802 2,866 12,820,668 2,846,640 3,037 2,849,677
(413)
Total Total
( R u p e e s i n t h o u s a n d )
7/30/2019 Final Accounts 2005
15/44
595,3311,155,895
867,0872,618,313
-2,618,313
90,2935,000
95,293137,069
232,362
-2,850,675
(998)
2,849,677
ber 2004) are
2004
ich also covers
ousand)
its market value
Name of companies 2005 2004
Note
Nestle Milkpak Limited 89,297 89,296
Uqab Breeding Farm Limited 585 585
Mubarik Dairies Limited 412 412
Dadabhoy Agricultural Leasing Limit 8.4.1 - -
90,294 90,293
(Rupees in thousand)
Princi pal payment Rate Coupon payment
%
to August 2006 On maturity 7.68 to 8.68 at maturity
December 2011 On maturity 12 to 13 semi-annually
On maturity 15 semi-annually
7/30/2019 Final Accounts 2005
16/44
2004
-
998
-
998
79,902,100-
79,902,100
(25,562,137)
red to National
5 million. Face
any recovery of
lue due to non-
provided for in
housand)
Pr inci pal paymen t Rate Coupon paymen t
%
6 On maturity 11 at maturity
6 On maturity 11 at maturity
06 to March 2006 On maturity 10.25 to 11.10 at maturity
Percentage
of holding
Number of
shares held
Break up
value
Based on
audited
financial
statements
as at
Name of
Chief Executive/
Managing Director
Rupees
12.50% 500,000 (2,123,845) 30 June 2005 Mr. Assim Jang
33.33% 1,000,000 - - Mr. M. Asad Khan
8.33% 2,500 - - Maj.Gen.(R) F.A.Khan
6.36% 141,970 - - Mr. Anwar Majeed
7/30/2019 Final Accounts 2005
17/44
54,335,440
-
34,263
-
s a n d )
ced under non-
amount of
g temporary
d during the
redunder State
tober 2005.
3 issued by the
i / t t
Provisi on Provision
required held
5,567,675 - 5,567,675 - -
9,121,312 - 9,121,312 1,824,262 1,824,262
3,489,465 - 3,489,465 1,744,732 1,744,732
5,245,922 - 5,245,922 5,245,922 5,245,922
23,424,374 - 23,424,374 8,814,916 8,814,916
- - - - 3,000,000
- - - - -
23,424,374 - 23,424,374 8,814,916 11,814,916
2005
( R u p e e s i n t h o u s a n d )
Domestic Overseas Total
9,010,810 - 9,010,810 3,499,510 3,499,510
516,473 - 516,473 115,247 115,2472,407,319 - 2,407,319 743,648 743,648
11,489,772 - 11,489,772 4,456,511 4,456,511
23,424,374 - 23,424,374 8,814,916 8,814,916
7/30/2019 Final Accounts 2005
18/442004
05.
year vide BPD
, one year, one
addition, thesend100percent,
he outstanding
No provision is
ifiedasOAEM.
rom the date of
IF-I/2005dated
ces which have
nkofPakistan's
Governmentof
ific provisionof
ns provisioning
the guidelines
advancesbeen
dvances would
ndand building
d the value of
Regulation, the
ceswouldhave
a portfolio audit
irement of the
s 3 billion in the
d cashsupport
equence to this
llowed that the
nts as follows:
2005 2004
ecific General Total Specific General Total
2,566,660 3,000,000 25,566,660 20,992,982 3,000,000 23,992,982
4,731,992 - 4,731,992 3,406,277 - 3,406,277
8,479,412) - (18,479,412) (734,029) - (734,029)
- - - (1,098,570) - (1,098,570)
8,819,240 3,000,000 11,819,240 22,566,660 3,000,000 25,566,660
( R u p e e s i n t h o u s a n d )
7/30/2019 Final Accounts 2005
19/44
2004
3,537,383
152,168
73,396
10,114
308,053
3,849,2901,741,162
-
6,570
593,184
1,564,267
14,808
1,313,865
1,532,217
237,901
41,09212,784
-
8,789
14,997,043(5,615,277)9,381,766
ousand)
the income tax
e income of the
axdemand and
k withdrew the
heGovernment
resaiddecision
to the Attorneyconfident for a
oks of account
arrived atafter
erest suspense
tan's Prudential
ich aggregates
nallowedunder
ed by the Audit
nt inrespect of
year ended 31
s 13,705million
ing issued vide
doesnot affect
7/30/2019 Final Accounts 2005
20/44
2004
17
178,748
8
8,790
5,612,579
2,698
-
5,615,277
fifty thousand
housand)
of non-banking
217.472million,
n Hand Shake
paration. In line
ank is accruing
increase in its
enefits" against
ssets being the
als
ers)
31
December
2005
01
January
2005
Charge
for
the year
Adjus tme
nt for the
year
31
December
2005%
234) 170,961 - - - - 170,961 -
- 10,640 796 398 - 1,194 9,446 -
- 137,886 13,719 6,208 - 19,927 117,959 5
107) 303,732 41,674 13,103 - 54,777 248,955 5
321) 73,818 20,751 17,611 (1,302) 37,060 36,758 10/33
744) 242,430 101,003 48,486 (13,121) 136,368 106,062 20
406) 939,467 177,943 85,806 (14,423) 249,326 690,141
908) 1,154,928 90,765 88,403 1,225 177,943 976,985
( R u p e e s i n t h o u s a n d )
Rate
of
Depreciati
on
as at
31
December
ACCUMULATED DEPRECIATION AS AT
7/30/2019 Final Accounts 2005
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11.3
Particulars
of AssetsCost
Acc umu lated
DepreciationBook Value Sale proceeds Gain/(loss) Particulars of buyers
TLC-5 Door
IDF-1149
700,001 490,000 210,000 1,250,000 1,040,000 Mian Allah Ditta S/O Mian Nawab R/O
Mati Sau The. K/Wala, KhanwalTLC-5 Door
IDE-8871
700,001 490,000 210,000 1,400,000 1,190,000 M.Aslam Tahir R/O. H.No.P-1566-2,
Asghar Mall Scheme, RWP.
TLC-5 Door
IDF-1306
700,001 490,000 210,000 1,160,000 950,000 AwaisAli KhanR/OH.No.B-150, St.No.4,
Mohalla Lala Rukh, Wah Cantt.
TLC-5 Door
IDF-1147
700,001 490,000 210,000 1,110,000 900,000 Raja M.Aftab Satti R/O H.No.B-6-150,
Mohammadi Colony, Shakrial Rwp.
TLC-5 Door
IDF-1499
700,001 490,000 210,000 1,250,000 1,040,000 Qamar Naseer Ahmed R/OH.No.67168,
Army Colony, No.2 Rwalpindi
TLC-5 Door
IDF-1320
700,001 490,000 210,000 1,450,000 1,240,000 M.Aurang Zeb Khan R/O H.No. P-1547-
A/1, Naseern House Asghar Mall
Scheme, Rawalpindi
TLC-5 Door
IDF-1146
700,001 490,000 210,000 1,190,000 980,000 Moharam Khan Raja R/OH.No.Z 670-A,
Dhoke Rata, Raja St. Babu Lal Hussain
Road, Rawalpindi
TLC-5 Door
RIU-1457
700,001 490,000 210,000 1,420,000 1,210,000 Zahid Akbar R/O H.No.987 St.No.96, I-
10/1, Islamabad
TLC-5 Door
RIU-1458
700,001 490,000 210,000 1,120,000 910,000 M.Yousaf Amjad S/OAbdul Ghafoor,R/O
H.No. E-1/4, St.No.10,G/7-2, Islamabad
TLC-5 Door
RIU-1414
700,001 490,000 210,000 1,430,000 1,220,000 Sarda Sajid Ahmed, R/OH.No.5-A, St.42
Moh. Quaid-e-Azam Colony Dhomial
Road, Rawalpindi
TLC-5 Door
RIU-1440
700,001 490,000 210,000 1,210,000 1,000,000 Tariq Mehmood R/O Near Mian Bazar
Bara Kahu, Mohallad Rafiqabad,
Islamabad.
TLC-5 Door
IDF-1042
700,001 490,000 210,000 1,300,000 1,090,000 Masood Ahmed Arif R/O Garden Town
Highway, H.No.Kh-1376 Khana Dak
Islamabad.
TLC-5 Door
IDF-1308
700,001 490,000 210,000 1,400,000 1,190,000 Rana M.Nawaz R/O Chak No.17 Vcc,
The Ferozwala, Sheikhupura
T.Coastar
IDE-5048
700,001 490,000 210,000 1,300,000 1,090,000 Imtiaz A.Warriach R/O Near Moon Light
School, Shahzed, St. Mohalla Margazar
Colony, Gujrat
TLC-3 Door
MDAA-540
600,001 420,000 180,000 780,786 600,786 Mumtaz Mohammad Khan R/O Tibba
Sultanpur, The. Mailsi, Distt. Vehari
TLC-3 Door
GP-2043
600,001 420,000 180,000 720,000 540,000 Malik Sikandar Khan Awan R/O Club
Road H.No.102 Bukhari St.Sargodha.
TLC-3 Door
GP-2041
600,001 420,000 180,000 856,000 676,000 ABDUL Rashid Khan R/O H.No.9-A,
Circular, Road Abbottabad Cantt.
TLC-3 Door
MNQ-4406
600,001 420,000 180,000 866,666 686,666 Masood-ur-Rehman Khan R/OH.No.Nw-
1012, Rehmanabad S/Town Rawalpindi
TLC-3 Door
LSA8801
600,001 420,000 180,000 707,707 527,707 Abid Ansar R/O H.No.80 Badar Block,
All I b l T L h
Detail of disposals of op erating fixed assets.
7/30/2019 Final Accounts 2005
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Particulars
of AssetsCost
Acc umu lated
DepreciationBook Value Sale proceeds Gain/(loss) Particulars of buyers
S/Mehran
IDF-4785
100,001 70,000 30,000 192,000 162,000 QaziAhmedHaroonS/OShamimAhmed
R/O, H.No.75-b Commercial Market
S/Town Rawalpindi
Suzuki Van
IDB-9376
80,001 56,000 24,000 151,000 127,000 Sheikh Muhammad Nazir, H.No.k-606,
Sarfraz Road, Rawalpindi
Honda
accord IDD-
991
400,001 280,000 120,000 555,556 435,556 Muhammad Pervez R/O H.No.599
St.No.14, G-10/1, Islamabad
T/Pick-up
IDA-9788
250,001 175,000 75,000 472,999 397,999 Abdul AzizShahR/OShah Street Behind
superior, Science College, Mohallah
Hafizabad Peshawar
N-Pick-up
IDB-2185
95,001 66,500 28,500 176,787 148,287 MuhammadShahR/OQuarter No.1-V-3,
Civil Colony Cantt. Road Peshawar
T Hiace IDF-
6391
300,001 210,000 90,000 490,000 400,000 Muhammad Hasaq R/O Haju Ghabi
Road, Shaldara Quetta
T.Corolla
IDD-4070
400,001 280,000 120,000 195,325 75,325 Sahib Nawaz Khan, SED (Rtd.)
S/Car IDD-
6460
90,001 63,000 27,000 94,590 67,590 Sher Zaman Khan Director (Rtd.)
S/Mehran
IDE-9707
90,001 63,000 27,000 71,936 44,936 Anwar Shirani, Director (Rtd.)
S/MehranLOM-24
90,001 63,000 27,000 72,330 45,330 RA Mazhar Director (Rtd)
S/Mehran
PRP-2638
90,001 63,000 27,000 89,044 62,044 Sultan Muhd Khan Director (Retired)
Toyota
Corolla Car
LSA-5507
400,001 280,000 120,000 277,636 157,636 Mr.M.Rafiq Saroya, ED (Retired) HO, Ibd.
Yamaha 100
CC MRF-
1927
30,001 21,000 9,000 28,520 19,520 Mr.Iftikharullah PP.No 081123, EAD/
Credited Officer, ZTBL, Shergarh Br.
Yamaha 100
CC MRF-
1930
30,001 21,000 9,000 26,168 17,168 Mr.Azam Khan, PP.No.061908, AD/,
Accouts Officer ZTBL, Takht Bhai
Yamaha 100
CC SB-6501
30,001 21,000 9,000 24,679 15,679 Mr.Azam Khan, PP.No.061908, AD/,
Accouts Officer ZTBL, Takht Bhai
SKE-763
Yamaha
22,001 15,400 6,600 9,999 3,399 Mr.Abdul Hakim Soomro, N/Qasid,
Sheikhupura
SKE-772
Yamaha
22,001 15,400 6,600 18,200 11,600 Mr.Zulfiqar Ali Shaikh EAD/MCO
Kandhkot Br.Yamaha 100
CC BRF-
30,001 21,000 9,000 15,800 6,800 Mr.M.Ramazan, N/Qasid, RMO,
Bahawalpur
Yamaha 100
CC BRF-
30,001 21,000 9,000 15,700 6,700 Mr.Abdul Ghaffar,Driver, RMO,
Bahawalpur
Yamaha 100
CCBRF-
30,001 21,000 9,000 19,747 10,747 Mr.Shakil Ahmed, Driver,Bahawalpur
Branch
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2005 2004
Note
12. DEFERRED TAX ASSETS
Deferred tax arising in respect of
Tax depreciation 1,829 1,222
1,829 1,222
13 CONTINGENT ASSETS
14 BILLS PAYABLE
In Pakistan 235,741 197,434
Outside Pakistan - -
235,741 197,434
15 BORROWINGS FROM FINANCIAL INSTITUTIONS
In Pakistan 51,257,213 51,257,213
Outside Pakistan - -
51,257,213 51,257,213
15.1 Particulars of borrowings from financial institutions
In local currency 51,257,213 51,257,213
In foreign currencies - -51,257,213 51,257,213
Secured
Borrowings from State Bank of Pakistan
Agricultural loans 15.2 50,174,089 50,174,089
Agri-Project loans 15.3 1,083,124 1,083,124
51,257,213 51,257,213
15.2
(Rupees in thousand)
As per agreement with the State Bank of Pakistan, these loans were obtained for providing finance to customers foragriculture purposes. Three credit lines amounting to Rupees 1.577 billion carry interest rate of 4% per annum while
remaining thirty two credit lines amounting to Rupees 49.680 billion are based on profit and loss sharing subject to
maximumshare of profit to State Bank of Pakistan ranging from4%to 10%per annum. Theseloans aresecured by way
of guarantee of Government of Pakistan.The bank has submitted a proposals to State Bank of Pakistan for restructuring
the debt according to which the State Bank of Pakistan's debt of Rupees 51 257 billion and State Bank of Pakistan's
The Government of Pakistan has reduced the markuprates on Bank's advances from14%to 9%vide Presidential Relief
Package 2004 w.e.f. 01 July 2004. As per the directive of the bank's Board of Directors, the bank has requested the
Ministry of Finance to compensate the loss of revenue due to this reduction in rate of markup. The total claim in this
respect has provisionally been worked out at Rupees 3,640 millions for the period from 01 July 2004 to 31 December
2005. However, this amount has not been accounted for in the accounts as the formal approval from Ministry of Finance
has not been received by the bank.
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15.3
2005 2004Note
16 DEPOSITS AND OTHER ACCOUNTS
Customers
Fixed deposits 64,742 69,665
Saving deposits 111,724 160,886
Current accounts - remunerative 297,174 245,459
Current accounts - non-remunerative 2,136,334 2,622,759Others - unclaimed deposits 34,673 23,437
16.1 2,644,647 3,122,206
16.1 Particulars of deposits
In local currency 2,644,647 3,122,206
In foreign currencies - -
2,644,647 3,122,206
17 SUB-ORDINATED LOAN
2005 2004
Note
18 OTHER LIABILITIES
6,624,360 6,301,937
Accruedexpenses 37 512 37370
(Rupees in thousand)
Since thecapping ofmarkupchargesat2.3558%hasnot beenagreed bySBPwhichis ofcritical importance for the future
financial viability and sustainability of Bank, the matterhas beenreferred toMinistry of Financefor consideredgovernment
decision. However the markup onsub-ordinated debt at the rate of 2.3558% (from14December 2002 to 30June2004),
2.1867%(from01 July 2004 to 30 June 2005) and at the rate of 8.4009%(from01 July 2005 to 31 December 2005) has
been charged which is subject to adjustment on finalization of debt restructuring/repricing agreement with State Bank of
Pakistan.
(Rupees in thousand)
Mark-up/ return/ interest payable in local currency
As per restructuring plan of the Bank approved by the ECC of the cabinet, State Bank's Equity holding of Rupees 3.204
billions wasconverted into sub-ordinated loan on terms to beagreed with State Bank of Pakistan. Accordingly, the Bank
has submitted a proposal to State Bank of Pakistan for repayment of the loan in 15 years in 30 bi-annual installments
starting fromJuly 2006 and rate of markup tobe pegged at weighted average yield of 12 months treasury bill rate at the
rate of 2.3558%per annum as per treasury bill auction dated 12 June 2003 and capped at the aforesaid markup rate for
an initial period of fiveyears. State Bank of Pakistan vide its letter No. ACD/3104/Loans-15-A/2004 dated 16 December
2004 has agreed with proposed terms except the proposed capping of markuprate whichhas beenfixed onlast auction's
weighted yield of Government Treasury bill of 12 months maturity on floating basis every year.
Theseloans weregiven by the State Bank of Pakistan for the purposeof providing finance to agrobased industry. These
aresubject toprofit and losssharing withamaximumshareof profit toStateBank of Pakistan ranging from4%to6%per
annum. These are secured by guarantee given by the Government of Pakistan. The bank has submitted a proposal to
State Bank of Pakistan for restructuring of the debt as stated in note 14.2.
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25/44
18.1
2005 2004
19 DEFERRED INCOMEOpening balance 17,105 -
Receipt during the year against Senior Management Team Remuneration 17,121 23,454
Amortization during the year 32,178 6,349
Closing balance 2,048 17,105
20 SHARE CAPITAL
20.1 Authorized Capital
25,000,000 25,000,00020.2 Issued, subscribed and paid up
1,186,961,201 ordinary shares of Rupees 10 each fully paid 11,869,612 11,869,611
11,869,612 11,869,611
Shareholder
Rupees
Government of Pakistan 1,185,961,201 10 11,859,612 11,859,611
Government of Punjab 277,100 10 2,771 2,771Government of Sindh 119,000 10 1,190 1,190
Government of NWFP 68,000 10 680 680
Government of Balochistan 35,900 10 359 359
Erstwhile East Pakistan 500,000 10 5,000 5,000
1,186,961,201 11,869,612 11,869,611
21 ADVANCE AGAINST EQUITY
22 STATUTORY RESERVE
23
24 SURPLUS/(DEFICIT) ON REVALUATION OF ASSETS
Surplus on revaluation of fixed assets
Less: Surplus on disposal - -Incremental depreciation - -
- -Surplus on revaluation of securities
i) Federal and Provincial Government securities - -
ii) Quoted shares 242,543 134,569
iii) Other securities 2,500 2,500
It represents the amount of Rupees 9.715 million, Rupees 168.000 millionand Rupees 175.000 million payable to Ministry of
Food Agriculture and Livestock under Japanies KR-II grant-1996, Crop Maximization Project-Productivity enhancement on
sustainable basis and incentive for Baluchistan respectively.
(Rupees in thousand)
This represent reserve maintained as per requirement of Section 21 of the Banking Companies Ordinance ,1962.
2,500,000,000 Ordinary Shares of Rupees 10 each
(31 December 2004: 2,500,000,000 ordinary shares of Rupees 10 each)
An amount of Rupees 2,918,955,000 was transferred by the Federal Government as cash equity against which the shares
amounting to Rupees 2,918,953,990have been issued duringthe year ended 31December 2004and thebalance of Rupees
1,010 have been issued during the year ended 31 December 2005.
CONTINGENCIES RESERVE
(31 December 2004: 1,186,961,100 shares of Rupees 10 each fully paid)
The Bank has set aside contingencies reserve for insurance of cash, building and vehicles.
Number of
ordinary shares
Paid-up value
per share
7/30/2019 Final Accounts 2005
26/44
25.3
25.4
Note 2005 2004
26 MARK UP/RETURN/INTEREST EARNED
5,479,450 7,911,216
- -
- -
290,496 599
1,052,773 193,568
6,822,719 8,105,383
27 MARK UP/RETURN/INTEREST EXPENSED
5,115 4,641
- -
385,502 3,129,062
1,121 2,033
391,738 3,135,736
28 OTHER INCOME
Rent on property 7,326 1,777
Net profit/ (loss) on sale of property and equipment 23,591 (14)Loan application fee 309,875 310,629
Excess provision relating to defined benefit plans 28.1 270,279 305,018
Others 28.2 185,269 322,580
796,341 939,990
28.1
28.2 OTHERS
Recovery of loans transferred to proforma ledger 15,250 3,529
Sale proceeds of forms 3,771 3,975
Recovery charges 41,062 217,325
Postal charges received from loanees 44,226 45,755
Recovery of private use of vehicles 753 685
Miscellaneous income 80,207 51,311
On deposits with financial institutions
Income tax of Rupees 929.632 million was levied by the income tax department for assessment year 2001-2002, against
provision of Rupees326.281millionin the books of account of the Bank for that assessment year. TheBank has paid Rupees
785,103 million and also filed appeal before the Commissioner of Income Tax (Appeals) agaist the aforesaid order. The
commissioner has setasidethe aforesaid order. However, the tax department preferred an appeal against theorder of CIT(A)
before the ITAT which is pending for hearing.
iii) Held to maturity securities
Income tax of Rupees 1,928.362 million was levied by the income tax department for assessment year 2002-2003, against
provisionofRupees 1,919.929 millionin thebooks ofaccount of theBank for that assessment year.The Bankhas paidRupees
577.092 million against the said demand and also filed an appeal before the Commissioner of Income Tax (Appeals). The
commissioner has setasidetheaforsaid order and now tax department preferred anappeal against theorder of CIT(A) before
the ITAT.
On loans and advances to
On investments in:
ii) Available for sale securities
i) Held for trading securities
i) Customers
(Rupees in thousand)
Deposits
Short term borrowings - State Bank of Pakistan
Long term borrowings - State Bank of Pakistan
Bank commission and other charges
Excess provision in respect of definedbenefit plans has beenwritten backonthe basis of actuarial valuation carriedout by an
independent actuarial valuer.
7/30/2019 Final Accounts 2005
27/44
Note 2005 2004
29 ADMINISTRATIVE EXPENSES
Salaries, allowances etc. 2,062,107 1,945,280
Contribution to defined contribution plan - Provident Fund 240 389
Non-executive directors' fees, allowances and other expenses 649 134Rent, taxes, insurance, electricity, etc. 75,231 72,011
Legal and professional charges 3,800 2,661
Communications 35,275 37,240
Repairs and maintenance 10,534 10,785
Motor vehicles expenses 162,920 143,594
Traveling expenses 72,579 77,588
Stationery and printing 21,968 22,699
Advertisement and publicity 14,142 13,194
Auditors' remuneration 29.1 3,386 2,814Depreciation 11 85,806 88,403
Amortization of preliminary expenses 6,570 2,190
Others 24,952 18,269
2,580,159 2,437,251
29.1 Auditors' remunerat ion
Audit fee 1,200 924
Fee for audit of foreign branches - -
TA/DA for auditors 1,333
Special certifications and sundry advisory services 400 240
Tax services 227 742
Out of pocket expenses 226 908
29.2 3,386 2,814
29.2 Particulars of auditors' remuneration
RIAZ AHMAD RIAZ AHMAD
& COMPANY & COMPANY
Audit fee 600 600 1,200 462 462 924
Tax services - 227 227 - 742 742
Other certification 200 200 400 120 120 240
Out of pocket expenses 1,014 545 1,559 454 454 908
1,814 1,572 3,386 1,036 1,778 2,814
* Khalid Majid Rahman Sarfaraz Rahim Iqbal Rafiq
30 OTHER CHARGES
Penalties imposed by State Bank of Pakistan 3,802 2,196
3,802 2,196
31 TAXATION
For the year
Current 38,434 503,234
D f d (607) 5
KMRSRIR* TotalTotal
( R u p e e s i n t h o u s a n d )
KMRSRIR*
2004
(Rupees in thousand)
2005
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Note 2005 2004
31.1 Relationship between tax expense and accounting profit
Accounting profit / (loss) for the current period (91,367) 1,167,225
Add: Deferred cost - -
Accounting depreciation 85,806 88,403Less: Tax depreciation 23,129 22,936
(28,689) 1,232,692
Tax - excluding dividend income 38,111 502,932
Tax on dividend income 323 301
Tax for the current period 38,434 503,234
Applicable tax rate 0.5% 41%
32 BASIC EARNINGS PER SHARE
Profit / (loss) for the period Rupees in thousand (129,194) 663,986
Number of ordinary shares Numbers in thousand 1,186,961 1,065,338
Earnings per share Rupees (0.11) 0.62
33 CASH AND CASH EQUIVALENTS
Cash and balance with treasury banks 1,585,421 1,593,898
Balance with other banks 7,813,844 14,791,268
9,399,265 16,385,166
34 STAFF STRENGTH
Total number of employees at the end of the year Number of Employees 5,727 5,801
35
35.1 Pension scheme
35.2 Principal actuarial assumption
Valuation discount rate - 9% per annum
Expected rate of increase in salary - 8% per annum
Expected rate of return on investments - 9% per annum
35.3 Reconciliation of payable/ (recoverable) to/ (from) pension fund
Present value of obligation 2,794,466 2,209,128
Fair value of assets (4,057,773) (3,885,766)
Unrecognized actuarial gain/(loss) 484,606 1,123,696
(778,701) (552,942)35.4 Movement in payable/ (recoverable) to/ (from) pension fund
Opening liabilit (552,942) (415,267)
Charge for the period 35.5 (138,553) (51,500)
Contribution to fund made during the period (87,206) (86,175)
Closing liability/(asset) (778,701) (552,942)
DEFINED BENEFIT PLANS
(Rupees in thousand)
The latest actuarial valuation is carried out as at 31December 2005. Theactuarial valuations were made using the Projected
Unit Credit Actuarial Cost method based on the following significant assumption:
For newemployeesand for thosewhooptedfor thenewscheme introducedin1975forclerical staff and in1977forofficers, the
Bank operates an approved funded pension scheme on which monthly contributions are made on the basis of actuarial
recommendation.
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Benevolent scheme - officers / executives
35.6 General Descript ion
35.7 Principal actuarial assumption
Expected rate of increase in salary - 8% per annum
Expected rate of return on investments - 9% per annum
Note 2005 2004
35.8 Reconciliation of payable/(receivable) to /(from) benevolent fund
Present value of obligation 187,332 193,799
Fair value of plan assets (386,738) (381,310)
Unrecognized part of transitional liabilit - -
Unrecognized actuarial gain/(loss) 42,971 47,093
(156,435) (140,418)
35.9 Movement in payable/(recoverable) to/ (from) benevolent fund
Opening liabilit (140,418) (117,386)
Charge for the period 35.10 (11,346) (18,624)Contribution to fund made during the period (4,671) (4,408)
Closing liability/(asset) (156,435) (140,418)
35.10 Charge for benevolent fund
Current service cost 9,015 8,168
Interest cost 15,504 13,952
Expected return on plan assets (30,505) (26,650)
Acturial (gain)/losses recognized (689) (9,686)
Transitional liability recognized - -
Contributions from employees (4,671) (4,408)(11,346) (18,624)
Benevolent scheme-clerical/non-clerical
35.11 General Description
35.12 Principal actuarial assumption
Expected rate of increase in salary - 8% per annum
Expected rate of return on investments - 9% per annum
35.13 Reconciliation of payable/(receivable) to /(from) benevolent fund
P t l f bli ti 49297 54794
For all officers/executives, the Bank operates an approved funded benevolent scheme to which contributions aremade at the
rate2%of basicpay to a maximumof Rupees 100, byeachofficer/executive. Employee contributions arematched byanequal
amount of contributions by the Bank which is also liable to meet any shortfall in the fund.
The latest actuarial valuation is carried out as at 31 December 2005. Actuarial valuation was made using the following
significant assumption:
For all clerical/non-clerical staff, theBank operatesanapprovedfunded benevolent scheme to which contributionsaremade at
different rates but not exceedingRupees 100 by each employee. Employee contributionsare matched by anequal amount of
contributions by the Bank which is also liable to meet any shortfall in the fund.
The latestactuarial valuationiscarriedout asat31December 2005. Actuarial valuationwasmade usingthefollowingsignificantassumption:
(Rupees in thousand)
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Note 2005 2004
35.14 Movement in payable/(recoverable) to/ (from) benevolent fund
Opening liabilit 43,643 49,275
Charge for the period 35.15 (6,247) (3,146)
Contribution to fund made during the period (2,636) (2,486)
Closing liability/(asset) 34,760 43,643
35.15 Charge for benevolent fund
Current service cost 3,544 4,028
Interest cost 4,384 4,610
Expected return on plan assets (13,842) (12,399)
Acturial (gain)/losses recognized (12,874) (12,078)
Contributions from employees (2,637) (2,485)
Transitional liability recognized 15,178 15,178(6,247) (3,146)
Gratuity scheme
35.16 General description
35.17 Principal actuarial assumption
Expected rate of increase in salary - 8% per annum
Expected rate of return on investments - 9% per annum
35.18 Reconciliation of payable/(recoverable) to/ (from) gratuity fund
Present value of obligation 275 635
Fair value of plan assets (1,296,996) (1,237,421)
Unrecognized actuarial gains/(loss) 260,686 322,236(1,036,035) (914,550)
35.19 Movement in Payable /(recoverable) to/ (from) gratuity fund
Opening liability (914,550) (796,873)
Charge for the year 35.20 (114,133) (109,954)
Contribution to fund made during the period (7,352) (7,723)
Closing liability/(asset) (1,036,035) (914,550)
35.20 Charge for gratuity fund
Current service cost 79 136Interest cost 51 81
Expected return on plan assets (98,994) (92,684)
Recognized actuarial (gains) / losses (15,269) (17,487)
Adjusted for outgoing employees - -
(114,133) (109,954)
For all employeesand for thosewhodidnot opt for thenewscheme introducedin1975for clerical/non-clerical staff and in1977
for officers, the Bank operatesan approved fundedgratuity scheme on whichmonthly contributionsare made by the Bank on
the basis of actuarial recommendation.
Thelatestactuarial valuation is carried out asat31December 2005. TheProjected Unit Credit Actuarial Cost method with thefollowing significant assumption was used for actuarial valuation purposes:
(Rupees in thousand)
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36 DEFINED CONTRIBUTION PLAN
F ll th l f th B k h h t d ti t b fit h d i 1975 d 1977f l i l/ l i l t ff
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37 REMUNERATION OF DIRECTORS AND EXECUTIVES
President Directors Executives
2005 2004 2005 2004 2005 2004
( R u p e e s i n t h o u s a n d )
Fee - - 610 20 - -
Managerial remuneration 3,600 1,516 - - 2,340 574
Charge for defined benefit plan - 107 - - -
Contribution to defined contribution plan - 334 - - - 48
Rent and house maintenance 840 520 - - 960 230
Utilities - 207 - - 255 57
Medical - 221 - - 25 63
Conveyance 271 274 - - 361 102
Furnishing allowance 100 - - - -
Education expenses 47 - - - -
Leave fare assistance 406 - - - -
Club facility 99 - - - -
Others 300 145 113 195 -5,011 3,976 610 133 4,136 1,074
Number of persons 1 1 7 7 2 1
Upto three Over 3 months Over one year Over five
months to one year to five years years
( R u p e e s i n t h o u s a n dAss ets
Cash and balances with treasury banks 1,585,421 1,585,421 - - -
Balances with other banks 7,813,844 7,813,844 - - -
Investments 12,820,668 9,065,149 1,448,552 818,208 1,488,759
Advances 52,925,286 2,075 32,742,470 4,001,540 16,179,201
Other assets 8,010,698 8,256 4,955,954 3,050,688 -
Operating fixed assets 690,141 - - 261,415 428,726
Deferred tax assets 1,829 - - 1,222 607
83,847,887 18,474,745 39,146,976 8,133,073 18,097,293LiabilitiesBills payable 235,741 235,741 - - -
Borrowings from financial institutions 51,257,213 - 1,818,385 14,523,076 34,915,752
Deposits and other accounts 2,644,647 2,580,662 3,149 58,433 2,404
Sub-ordinated loans 3,204,323 - - - 3,204,323
Executivesmean employees, other than thechief executive and directors, whose basic salary exceeds fivehundred thousand Rupees in a
financial year. The Chief Executive / Executives are provided with Bank maintained cars.
For all theemployeesof theBank whohaveoptednewretirement benefits schemeannounced in 1975and 1977forclerical/non-clerical staff
and for executives/officers, respectively, the Bank operates an approved non-contributory provident fund through an independent trust.
Contributions to the fund aremade by the employees only at the rateof 8%of mean of pay scale per month. For employees who have not
optedforaforesaidnewretirement benefit scheme, theBankoperatesanapproved contributory provident fund wherecontributionsaremade
by the Bank and employees at the rate of 8.33% of basic salary per month.
38
2005
TotalMATURITIES OF ASSETS AND LIABILITIES
13,062,397
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39 Related party transactions
Loan made to the General Provident Trust - -
40 YIELD/INTEREST RATE RISK
Effective Exposed to Yield/ Interest risk Not exposed
Yield/ Upto three Over 3 months Over one year Over five to Yield/
Interest months to one year to five years years Interest
rate Risk
On-balance sheet f inancia l instruments (% p.a)
Ass ets
Cash and balances with treasury banks 1,585,421 - - - - 1,585,421
Balances with other banks 8.24 7,813,844 - - - - 7,813,844
Investments 5.52 12,820,668 - - - 339,714 12,480,954
Advances 8-9 52,925,286 2,075 32,742,470 4,001,540 16,179,201 -
Other assets 8,010,698 - - - - 8,010,698
83,155,917 2,075 32,742,470 4,001,540 16,518,915 29,890,917
Liabilities
Bills payable 235,741 - - - - 235,741
Borrowings from financial institutions 6.09 51,257,213 - 1,818,385 14,523,076 34,915,752 -
Deposits and other accounts 1-2.5 2,644,647 2,580,662 3,149 58,433 - 2,404
Other liabilities 13,441,518 136,699 3,534,825 4,273,860 5,542,038 -
Deferred income 2,048 2,048 - - - -
67,581,167 2,719,409 5,356,359 18,855,369 40,457,790 238,145
15,574,750 (2,717,334) 27,386,111 (14,853,829) (23,938,875) 29,652,772
On-balance sheet gap
Off-balance sheet financial inst ruments
Forward Lendings - - - - - -
(Including call lending, repurchase agreement lending,commitments to extend credit, etc.)
Forward borrowings - - - - - -
(Including call borrowing, repurchase agreement borrowing,
commitments to extend credit, etc.)
Off-balance sheet gap - - - - - -
Total Yield/Interest Risk Sensitivity Gap 15,574,750 (2,717,334) 27,386,111 (14,853,829) (23,938,875) 29,652,772
Cumulative Yield/Interest Sensitivity Gap 15,574,750 12,857,416 40,243,527 25,389,698 1,450,823 31,103,595
41 CURRENCY RISK
Of f-Balanc e Net for eign
sheet items exposure
Pakistan rupee - - - -
UnitedStatesdollar
Yield/Interest rate sensitivity position for on-balance sheet instruments is based on the earlier of contractual re-pricing or maturity date.
2005
( R u p e e s i n t h o u s a n d )
Total
2005
( R u p e e s i n t h o u s a n d )
Ass ets Liab ili ti es
42 FAIR VALUE OF FINANCIAL INSTRUMENTS
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42 FAIR VALUE OF FINANCIAL INSTRUMENTS
42.1 On-balance sheet financial Instruments
Book value Fair value Book value Fair value
ASSETS
Cash and balances with treasury bank 1,585,421 1,585,421 1,593,898 1,593,898Balances with other banks 7,813,844 7,813,844 14,791,268 14,791,268
Investments 12,820,668 12,820,668 2,849,677 2,849,677
Advances - net 52,925,286 52,925,286 54,335,440 54,335,440
Other assets 8,010,698 8,010,698 9,381,766 9,381,766
83,155,917 83,155,917 82,952,049 82,952,049
LIABILITIES
Bills payable 235,741 235,741 197,434 197,434
Borrowings from financial institutions 51,257,213 51,257,213 51,257,213 51,257,213
Deposits and other accounts 2,644,647 2,644,647 3,122,206 3,122,206
Sub-ordinated loan 3,204,323 3,204,323 3,204,323 3,204,323
Other liabilities 13,441,518 13,441,518 13,048,358 13,048,358
70,783,442 70,783,442 70,829,534 70,829,534
42.2 Off-balance sheet financial Instruments
- - - -
- - - -
- - - -
- - - -
43 CONCENTRATION OF CREDIT AND DEPOSITS
43.1 Credit Risk Management
2005
43.2 Segment by class of business Contingencies and
Commitments
Rupees Percent Rupees Percent Rupees Percent
'000' '000' '000'
Agribusiness 51,083,952 97 - - - -
Individuals - - 2,644,647 100 11,307,720 95
Others (staff advances) 1,841,334 3 - - 572,000 5
52,925,286 100 2,644,647 100 11,879,720 10043.3 Segment by sector
2005
Rupees Percent Rupees Percent Rupees Percent
'000' '000' '000'
Contingencies and
Adv ances Depos its
Adv ances Depos its
2005 2004
( R u p e e s i n t h o u s a n d )
Forward purchase of foreign exchange
Forward agreements for borrowing
Forward sale of foreign exchange
Forward agreements for lending
The fair value of investment is based on quoted market prices and rates at Reuters Pages (PKRV) with the exception of un quoted securities.
Outof total financial assets ofRupees 83,155.917million thefinancial assets whichwere subject to credit riskamounted toRupees29,652.772million. The Bank's
major credit risk is concentrated in the agriculture sector. To manage credit risk, the Bank applies credit limits to its customers and obtains adequate collaterals.
Credit risk is the risk that one party to a financial instrument will fail to discharge its obligation and cause the other party to incur financial loss. Credit risk in the Bank'
portfolio is monitored, reviewed and analyzed by its credit department and the exposure is controlled through continuous reviewand conservative provisions for
doubtful receivable, credit limits and prudent use of collaterals, as required by prudential regulation framed by the State Bank of Pakistan for banks.
commitments
44 GEOGRAPHICAL SEGMENT ANALYSIS
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44 GEOGRAPHICAL SEGMENT ANALYSIS
Pakistan (91,367) 83,847,887 13,062,397 11,879,720
Asia Pacific (including South Asia) - - - -
Others - - - -
(91,367) 83,847,887 13,062,397 11,879,720
45 DATE OF AUTHORIZATION FOR ISSUE
These financial statements were authorized for issue on 29th March 2006 by the Board of Directors of the Bank.
46 GENERA L
46.1 Figures have been rounded off to the nearest thousand rupees.
46.2
46.3
R.A. CHUGHTAI MUHAMMAD SALEEM KHAN RABIA SULTAN ARIF MANSUR
PRESIDENT DIRECTOR DIRECTOR DIRECTOR
Contingencies
and
commitments
2005
( R u p e e s i n t h o u s a n d )
These financial statements havebeenpreparedin accordancewith therevisedformat of financial statements for banks issued by theState Bankof Pakistan vide
BSD Circular No. 36 dated 10 October 2001.
Captions asprescribedby BSDCircularNo. 36dated10October 2001issuedby theStateBankofPakistan in respectofwhichtherearenoamountshavenot been
reproduced in these financial statements except for the balance sheet and profit and loss account.
Profit before
taxation
Total assets
employed
Net assets
employed
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( Rs. in Million )
NIC NumbersPrincipal Interest others Total Principal Interest others Total
1 SIRANI INDUSTIRES CAP.SHEHREZ LATIF (LATE) 155-47-033125 CH. ABDUL LATIF 1.092 0.493 0.000 1.585 0.513 0.008 0.000 0.521
MOUZA WEESLAN THE. & CH.MUHAMMAD ASHARF (LATE) 344-20-164554 CH. AHMED DIN
DISTT.BAHAWALPUR CH. MUHAMMAD AFZAL 344-35-164548 BAHAWAL BUX
MRS. SHAHNAZ SHAHREZ 155-53-033126 W/O CAP. SHEHREZ LATIF
SURAYYA BEGUM (LATE) 344-32-164555 D/O BAHAWAL BUX
2 NOOR AGRI TECH. QAMAR ELLAHI 286-52-170467 MUHAMMAD NAWAZ KHAN 3.713 6.707 0.138 10.558 0.000 4.389 0.000 4.389
VILL.TALWANDI MOOSA MEHBOOB ELLAHI 286-57-170468 MUHAMMAD NAWAZ KHAN
KHAN, THE. & DISTT. MANZOOR ELLAHI 286-47-170466 MUHAMMAD NAWAZ KHAN
GUJRANWAL
3 AGRI PROJECT AHMED SHAH SHAHZAD 517-28-118193 SHAHZAD SULTAN AZIZ 10.067 35.396 0.900 46.363 10.067 15.996 0.000 26.063
VILLAGE RENALA KHURD ZAHIR SHAH SHAHZAD 517-57-271607 AHMAD SHAH SHAHZADA
OKARA MRS. LAILA SHAH SHAHZADA 517-36-194508 W/O AHMED SHAH SHAHZADA
SYED SAJJAD HUSSAIN 270-22-046973 SYED ARSHAD HUSSAIN
SYED ASGHAR ABBAS ZAIDI 269-44-170728 S.M. ABBAS ZAIDI
4 AMSON DAIRIES MAJ. GEN. RETD. GHULAM UMER N.A. M.A.D. QURESHI 0.470 0.117 0.000 0.587 0.000 0.587 0.000 0.587
PLOT NO.447,DEHTHANO TARIQ UMER N.A. MAJ.G. R. GHULAM UMER
NEAR KHOKHARAPAR COLONY ASAD UMER N.A. MAJ.G. R. GHULAM UMER
KARACHI WASEEM UD DIN SIDDIQUI N.A. FAHIMUDDIN SIDDIQUI
AHMED MUSA PAREKH N.A. MUSSA PARKEH
ABDUL SATTAR PARKEH N.A. MUSSA PARKEH
SADIQ ABBAS (LATE) N.A. MAJ.G. R. GHULAM UMER
5 M.A FARM LAEEQ MEHMOOD MUSTAFA 502-53-253533 GHULAM MEHMOOD MUSTAFA 2.600 2.451 0.021 5.072 1.269 0.000 0.000 1.269
DEH KONKAR,SUPER HIGHWAY ATEEQ MUSTAFA 502-55-253532 GHULAM MEHMOOD MUSTAFAKARACHI EAST.
6 AGRO TECH ASSOSIATES CH. UMER ASADULLAH BAJW 271-28-072318 KHURSHID AHMED BAJW 4.352 4.217 0.128 8.697 4.352 0.863 0.018 5.233
VILL.MISSAN KALER THE. CH. ABDULLAH KHALID BAJW 312-36-023289 CH. KHURSHID AHMED BAJWA
FEROZWALA, DISTT IRFAN ASAD BAJWA 271-54-072320 UMER ASAD BAJWA
SHEIKHUPUR MRS. FARZANA IRFAN BAJWA 271-86-241311 W/O IRFAN ASAD BAJWA
MST. GHULAM FATIMA N.A. W/O CH. KHURSHID AHMED
MST. SAEED FATIMA N.A. W/O MUSHTAQ AHMED
MST. SHAFQAT BIBI N.A. W/O MUHAMMAD IJAZ
MST. PERVEEN FATIMA N.A. W/O IMTIAZ AHMED
Ann exure-1
Outstanding Liabilities at beginning of
the year Amount Written off
ZARAI TARAQIATI BANK LIMITEDSTATEMENT SHOWING WRITTEN OFF LOAN OR ANY OTHER FINANCIAL RELEIF OF FIVE HUNDRED THOUSAND
OR ABOVE PROVIDED DURING THE PERIOD ENDED DECEMBER 31 2005
Sr.
No.Father's/Husband Name
Name of Individual/parteners/
DirectorsName & Address of the borrower
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NIC NumbersPrincipal Interest others Total Principal Interest others Total
Outstanding Liabilities at beginning of
the year Amount Written off Sr.
No.Father's/Husband Name
Name of Individual/parteners/
DirectorsName & Address of the borrower
7 AL QASIM AGRO SERVICES MUHAMMAD QASIM 295-89-383855 RIAZ AHMED 4.229 5.852 0.030 10.111 0.000 3.326 0.000 3.326KOT NAZIR THE.FEROZWALA
DISTT: SHEIKHUPURA
8 COMPACT PARTICLE BOARD CH. FAZAL MAHMOOD 270-61-312937 CH. SHAH MUHAMMAD 19.480 26.938 0.056 46.474 19.480 13.586 0.000 33.066
27TH-KM OFF LAHORE, CH. GHULAM MOHIUDDIN 270-59-312934 CH. SHAH MUHAMMAD
SHEIKHUPURA ROAD, NEAR CH. MUNAWAR HUSSAIN 270-66-312939 CH. SHAH MUHAMMAD
WAPDA TOWN CH. MURID HUSSAIN 270-64-312938 CH. SHAH MUHAMMAD
LAHORE MST. SURRIYA BEGUM 270-40-312935 W/O CH. SHAH MUHAMMAD
MST. ANWAR SULTANA 270-56-312936 D/O CH. SHAH MUHAMMAD
MST. NOOR SULTANA 270-90-312940 D/O CH. SHAH MUHAMMAD
CH. SHAH MUHAMMAD 270-34-155417 QADAR BAKHSH
9 DIAMOND BREEDERS CH. MUHAMMAD ISHAQ 275-43-122518 ABDUL AZIZ 4.414 9.174 0.345 13.933 4.414 5.850 0.000 10.264
MOUZA MANGA AUTTAR, ASMAT QADRI 272-35-145747 D/O ASGHAR ALI
38-KM, MULTAN ROAD, THE & M. ANWAR KHAN LODHI 213-35-093316 M. SULTAN KHAN QADRI
DISTT. LAHORE RIZWAN AHMED KHAN LODHI 213-63-093318 M. ANWAR KHAN LODGHI
10 KHILJEE INDUSTRIES MUHAMMAD RAFIQ KHILJEE 300-40-155567 MUHAMMAD AMIN 15.027 50.239 0.564 65.830 15.027 35.474 0.037 50.53847-KM MULTAN ROAD VILL. QASIR JAVED KHILJEE 300-50-995009 MUHAMMAD AMIN
NATHE JAGIR, THE.CHUNIAN FARUKH JAVAID KHILJEE 300-54-359978 MUHAMMAD AMIN
DISTT.KASUR. AHMED SARFRAZ KHILJEE 300-48-349702 MUHAMMAD AMIN
KHUSHNOOD MALIK 300-54-133899 AFZAL MALIK
MRS. NUSRAT PERVAIZ 235-51-273558 W/O PERVAIZ RASHID
MRS. ROOHI WASIM 267-86-429884 W/O MIAN WASIM
MUHAMMAD KAMRAN 286-56-046412 MUHAMMAD ASLAM
11 MONOO DAIRIES MIAN MUHAMMAD IRFAN MONNO 244-55-037446 MIAN MUHAMMAD RAFI MONNO 50.065 97.789 3.988 151.842 50.065 86.534 0.043 136.642
MOUZA MEGINEE BHAWANA MRS. RUKHSANA SAIGAL 270-55-111978 W/O MIAN MOHD.IRFAN MONNO. ,
12 NEW SHADAB AGRO SERVICES MUHAMMAD YASIN 295-62-203190 MAQBOOL HUSSAIN 1.700 1.908 0.192 3.800 0.000 1.018 0.000 1.018
VILL.NABIPUR SHEIKHUPURA
ROAD, DISTT.SHEIKHUPURA
13 QADRIA POULTRY FARM CH. MUHAMMAD ANWAR 272-42-270752 CH. GHULAM HAIDER 3.500 6.778 0.000 10.278 0.000 6.711 0.000 6.711
1.(HATCHERY)VILL.KHARAK, DR. MUHAMMAD SAEED AHMED 272-40-112605 CH. FATEH DIN
8TH KM, MULTAN ROAD LAHORE
2.(FARM)VILL,SUNDAR MULTAN
ROAD LAHORE
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