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Derivative instruments derivative instruments held by

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Unformatted text preview: DERIVATIVE INSTRUMENTS Derivative instruments held by the Ban mainly comprise o de ined setlement contracts sold in the capital mar et (Arbitrage transaction). These are revalued at the di erence betwen contract price and the closing price quoted. 24. PROFIT / RETURN ON FINANCINGS, INVESTMENTS AND PLACEMENTS EARNED On inancings to: Customers 48,518 Financial Institutions 1,162 49,680- On Investments in: available- or-sale securities 15,619 On deposits with inancial institutions 34,371 Others 338- 100,008- 25. RETURN ON DEPOSITS AND OTHER DUES EXPENSED Deposits 18,302 Other short-term due to inancial institutions 363- 18,665- 26. GAIN / (LOS) ON SALE OF SECURITIES Shares - Listed 24,179- 24,179- 27. OTHER INCOME Gain on revaluation o derivative instrument 3,555-------- Rup in '000 ------- 2006 2005 46 28. ADMINISTRATIVE EXPENSES Salaries, alowances and other bene its 52,224 - Charge or de ined bene it plan 808- Contribution to de ined contribution plan 2,687 - Non-executive directors' es, alowances and other expenses 1,375 - Insurance on consumer car ijarah 2,361 - Insurance 1,454 - Rent, taxes, insurance and electricity 12,648 - Legal and pro esional charges 4,862 - Comunication 4,143 - Repairs and maintenance 6,362 - Stationery and printing 3,315 - Advertisement and publicity 14,700 - Auditors' remuneration 28.2 1,338 - Depreciation 12.4 26,887 - Amorti ation 12.4 1,417 - CDC and share registrar services 767 - Entertainment expense 1,025 - Security service charges 1,521 - Traveling and conveyance 1,872 Remuneration to Shariah Advisor / Board 856 - Others 2,904 - 145,526 28.1 R mun ration to Shariah Advi or / Board Charged to administrative expenses 856 - Charged to de ered cost 213 67 1,069 67 Shariah Advisor is also provided with re use o a Ban 's maintained car. 28.2 Auditor ' r mun ration Audit e 350 185 Special certi ications and sundry advisory services 565 - Hal yearly review 250 7 Review o Compliance with Code o Corporate Governance 50 - Tax services 125 - Out-o -poc et expenses 75 6 1,415 261------- Rup in '000 ------- 2006 2005 Not 47 28.2.1Includes Rs. . 77 milion charged to de ered cost. 29. OTHER CHARGES Penalties imposed by State Ban o Pa istan 57 - De ered cost amortised 12,062 - Others 1,643 - 13,762 - 30. TAXATION For th y ar- Curent (1,021)- - De ered 27,332 - 26,311 - For prior y ar- Curent (65)- - De ered (201)- (266)- 26,045 -------- Rup in '000 ------- 2006 2005 Not 3 .1 Relationship betwen tax expense and acounting pro it Acounting los or the year (34,399)- Tax @ 35% 12,040 - Tax e ect o reduced rates on dividend and FTR income 4,929 - Tax e ect o permanent di erences 9,342 - Prior year taxation (266)- Tax charge 26,045 - 31. BASIC EARNINGS / (LOS) PER SHARE Los or the year Rupes in ' (8,354) Weighted average number o ordinary shares Number 188,979,486 Basic earnings / (los) per share R . (0.04)- 48 32. DILUTED EARNINGS / (LOS) PER SHARE There is no diluted e ect on the basic earnings / (los) per share as the Ban has no outstanding...
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DERIVATIVE INSTRUMENTS Derivative instruments held by the...

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