12,062 gain on revaluation o derivative

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Unformatted text preview: 12,062 Gain on revaluation o derivative instrument (3,555) 40,473 3,831 (16,752) (58,642) (Increase) / decrease in operating asets Due rom inancial institutions (412,131) Held- or-trading securities (222,480) Financings (953,944) Others asets (excluding advance taxation and de ered cost) (475,228) (12,721) (2,063,783) (12,721) Increase / (decrease) in operating liabilities Bils payable 23,830 Borowings rom inancial institutions 50,000 Deposits and other acounts 1,778,008 Other liabilities 164,829 (6,617) 2,016,667 (6,617) (63,868) (77,98 ) Income tax paid (9,553) (772) Net cash low rom operating activities (73,421) (78,752) CASH FLOWS FROM INVESTING ACTIVITIES Net investments in available- or-sale securities (260,213) Dividend income received 13,569 Investments in operating ixed asets (240,553) (235,641) Sale proceds o property and equipment disposed-o 952 Net cash low rom investing activities (486,245) (235,641) CASH FLOWS FROM FINANCING ACTIVITIES Isue o share capital 528,510 595, 5 Advance against uture isue o share capital - net o isue o shares- 876,465 Net cash low rom inancing activities 528,510 1,471,47 E ects o exchange rate changes on cash and cash equivalents (10) N t incr a in ca h and ca h uival nt (31,166) 1,157, 77 Ca h and ca h uival nt at b gining of th y ar 33 1,160,097 3, 2 Ca h and ca h uival nt at nd of th y ar 33 1,128,931 1,16 , 97 The anexed notes rom 1 to 45 orm an integral part o these inancial statements. Cash Flow Statement for the year ended Decem er 31 006 Note------- Rup in `000 ------- December 31 206 December 31 205 Dir ctor Chairman Dir ctor Pr id nt / Chi f Ex cutiv 22 Balanc a of January 01, 2005 35- Isue o share capital 594,99- 594,9 Balanc a of January 01, 2006 595,025- 595,0 Los or the year ended December 31, 2 6- (8,354) (8,354) Isue o share capital 1,4 4,975- 1,4 4,97 Balanc a of D c mb r 31, 2006 2,000,000 (8,354) 1,991,646 Th an x d not from 1 to 45 form an int gral part of th financial tat m nt . Statement of Changes in Equity for the year ended Decem er 31 006------- Rup in `000 ------- Shar capital Acumulat d lo Total Dir ctor Chairman Dir ctor Pr id nt / Chi f Ex cutiv 23 1. STATUS AND NATURE OF BUSINES 1.1 Ban Islami Pa istan Limited was incorporated in Pa istan as a public limited company on October 18, 2 4 under the Companies Ordinance, 1984 to cary out busines o an Islamic Comercial Ban in acordance with the principles o Islamic Shariah. The registered o ice o the Ban is situated at 11th Flor, Dolmen City, Marine Drive, Bloc -4, Cli ton, Karachi. 1.2 The State Ban o Pa istan (SBP) isued a "Scheduled Islamic Comercial Ban " license to the Ban on March 18, 2 5 and granted aproval or comencement o Islamic Ban ing Busines on March 13, 2 6. The Securities and Exchange Comision o Pa istan isued Certi icate o Comencement o Busines on March 17, 2 6. The SBP declared the Ban a scheduled ban on March 17, 2 6 under section 37 o the State Ban o Pa istan Act, 1956. A ter ul ilment o certain ormalities, the Ban comenced its operations rom April 7, 2...
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12,062 Gain on revaluation o derivative instrument(3,555...

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