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There is no diluted e ect on the basic earnings(los

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Unformatted text preview: There is no diluted e ect on the basic earnings / (los) per share as the Ban has no outstanding comitments or isue o shares. Acordingly, diluted earnings / (los) per share is equal to basic earnings / (los) per share as reported in note 31. 33. CASH AND CASH EQUIVALENTS Cash and balances with treasury ban s 338,222- Balances with other ban s 790,709 1,16 , 97 1,128,931 1,16 , 97------- Rup in '000 ------- D c mb r 31, 2006 D c mb r 31, 2005 34. STAFF STRENGTH Permanent 168 29 Temporary / on contractual basis 66- Ban 's own sta strength at the end o the year 234 29 Outsourced 2- Total sta strength 236 29------- Numb r ------- D c mb r 31, 2006 D c mb r 31, 2005 35. DEFINED BENEFIT PLAN 35.1 G n ral d cription The Ban has a gratuity scheme or its employes (members o the scheme). The scheme entitles the members to lump sum payment at the time o retirement, resignation or death. Permanent Sta are eligible or such bene its a ter 3 years o service. 35.2 Principal actuarial a umption Discount rate 10%- Expected rate o increase in salaries 10%- D c mb r 31, 2006 D c mb r 31, 2005 49 35.3 R conciliation of payabl to d fin d b n fit plan Present value o de ined bene it obligations 3,669 - Net actuarial loses not recogni ed (1,185)- 2,484 - 35.4 Mov m nt in payabl to d fin d b n fit plan Opening balance 1,174 - Charge or the year 1,310 1,174 Closing balance 2,484 1,174 35.5 Charg for d fin d b n fit plan Curent service cost 1,251 1,174 Cost o unds 112 - Transitional liability recognised (53)- 1,310 1,174------- Rup in '000 ------- D c mb r 31, 2006 D c mb r 31, 2005 36. DEFINED CONTRIBUTION PLAN The Ban operates a contributory provident und scheme or al permanent employes. The employer and employe both contribute 1 percent o the basic salaries to the unded scheme every month. The amount o contribution paid by Ban during the year amounted to Rs. 3.714 milion. Employes are required to pay an equal amount o contribution. 37. COMPENSATION OF DIRECTORS AND EXECUTIVES Fes------ Managerial remuneration 5,675 5,299-- 16,547 7,91 Charge or de ined bene it plan 473 441---- Salary in lieu o provident und 568 534---- Contribution to de ined contribution plan---- 1,655- Rent and house maintenance 270 27-- 3,750 1,878 Utilities 568 53-- 1,655 791 Medical 568 53-- 1,655 791 Directors' e-- 1,350 1,85-- 8,122 7,6 4 1,350 1,85 25,262 11,37 Number o persons 1 1 4 6 15 1---------------------------- Rup in '000 ---------------------------- Pr id nt / Chi f Ex cutiv 2005 2006 2005 2006 2005 2006 Dir ctor Ex cutiv 37.1 Certain executives are provided with re use o ban maintained car. 5 38. FAIR VALUE OF FINANCIAL INSTRUMENTS 38.1 On-balanc h t financial in trum nt A t Cash and balances with treasury ban s 338,222 338,222 - - Balances with other ban s 790,709 790,709 1,16 , 97 1,16 , 97 Due rom inancial institutions 412,131 412,131 - - Investments 482,693 493,008 - - Financings 959,133 910,761 6,19 6,19 Other asets 485,323 485,323 6,53 6,53 3,468,211 3,430,154 1,172,817 1,172,817 Liabiliti Bils payable 23,830 23,830 - - Due to inancial institutions 50,000 50,000 - - Deposits and other acounts...
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There is no diluted e ect on the basic earnings(los per...

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