CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

For the three months ended March 31, 2022

Condensed Interim Consolidated Statement of Financial Position As at March 31, 2022

Note

(Unaudited)

(Audited)

March 31,

December 31,

2022

2021

(Rupees in '000)

ASSETS

Cash and balances with treasury banks 5 348,749,829 441,252,246

Balances with other banks 6

Lendings to financial institutions 7

59,616,964 64,438,075 92,895,350 93,742,432

  • Investments 8 2,185,587,257 1,948,955,978

  • Advances 9 1,564,507,668 1,507,047,097

Fixed assets 10

Intangible assets 11 Deferred tax assets

Other assets 12

LIABILITIES

Bills payable 13

Borrowings 14

Deposits and other accounts 15 Liabilities against assets subject to finance lease

Subordinated debt 16

Deferred tax liabilities 17

Other liabilities 18

101,244,783 98,676,342

13,236,710 12,630,475

- 167,030,750 4,532,869,311

4,252,388,609

- 150,725,500 4,317,468,145

4,033,782,343

NET ASSETS

REPRESENTED BY

Shareholders' equity Share capital Reserves

Surplus on revaluation of assets - net of tax 19 Unappropriated profit

Total equity attributable to the equity holders

280,480,702

283,685,802

of the Bank 276,320,007 279,644,833

Non-controlling interest

4,160,695 4,040,969

280,480,702

283,685,802

CONTINGENCIES AND COMMITMENTS 20

The annexed notes 1 to 39 form an integral part of these condensed interim consolidated financial statements.

President and

Chief Executive OfficerChief Financial Officer

Director

Director

Director

1

Condensed Interim Consolidated Profit and Loss Account (Unaudited) For the three months ended March 31, 2022

January 01 to January 01 to

Note

Mark-up / return / profit / interest earned

22

86,553,799

63,462,902

Mark-up / return / profit / interest expensed

23

50,287,871

30,993,628

Net mark-up / return / profit / interest income

36,265,928

32,469,274

Non mark-up / interest income

Fee and commission income

24

7,341,564

5,904,361

Dividend income

254,927

117,602

Share of profit of associates and joint venture

93,407

259,320

Foreign exchange income

2,527,255

895,801

(Loss) / income from derivatives

(151,640)

1,179,287

Gain / (loss) on securities - net

25

193,673

(206,350)

Other income

26

101,869

72,179

Total non mark-up / interest income

10,361,055

8,222,200

Total income

46,626,983

40,691,474

Non mark-up / interest expenses

Operating expenses

27

30,357,187

23,901,977

Workers' Welfare Fund

286,757

319,146

Other charges

28

159,367

42,233

Total non mark-up / interest expenses

30,803,311

24,263,356

Profit before provisions and taxation

15,823,672

16,428,118

Provisions / (reversals) and write offs - net

29

1,242,888

1,919,910

Profit before taxation

14,580,784

14,508,208

Taxation

30

5,966,610

5,948,351

Profit after taxation

8,614,174

8,559,857

Attributable to:

Equity holders of the Bank

8,478,826

8,335,851

Non-controlling interest

135,348

224,006

8,614,174

8,559,857

Basic and diluted earnings per share

31

--------------Rupees--------------

March 31, March 31, 2022 2021

(Rupees in '000)

5.78

The annexed notes 1 to 39 form an integral part of these condensed interim consolidated financial statements.

President and

Chief Executive OfficerChief Financial Officer

5.68

Director

Director

Director

Condensed Interim Consolidated Statement of Comprehensive Income (Unaudited) For the three months ended March 31, 2022

January 01 to January 01 to

March 31, March 31, 2022 2021

(Rupees in '000)

Profit after taxation for the period attributable to:

Equity holders of the Bank Non-controlling interest

Other comprehensive income / (loss)

Items that may be reclassified to the profit and loss account in subsequent periods:

Effect of translation of net investment in foreign branches, subsidiaries, joint venture and associates - net of tax, attributable to:

Equity holders of the Bank

Non-controlling interest

8,478,826 135,348 8,614,174

(18,073) 10,822 (7,251)

8,335,851 224,006 8,559,857

(37,779) (4,428,507)

Increase in share of exchange translation reserve of associates- net of tax

Movement in surplus / deficit on revaluation of investments - net of tax, attributable to:

Equity holders of the Bank Non-controlling interestMovement in share of surplus / deficit on revaluation of investments of associates - net of tax

43,387

(8,621,148)

180,485

(3,755,169)

(61,003)

(44,324)Movement in share of surplus / deficit on revaluation of fixed assets of associates - net of tax

Items that are not to be reclassified to the profit and loss account in subsequent periods:

Share of remeasurement gain on defined benefit obligations of associates - net of tax

126,090

-1,069

3,343

Total comprehensive income

Total comprehensive income attributable to:

Equity holders of the Bank

Non-controlling interest

95,318

515,685

(24,780) 335,319

120,098 180,366

95,318

515,685

The annexed notes 1 to 39 form an integral part of these condensed interim consolidated financial statements.

President and

Chief Executive OfficerChief Financial Officer

Director

Director

Director

Condensed Interim Consolidated Statement of Changes In Equity (Unaudited) For the three months ended March 31, 2022

Balance as at December 31, 2020

-------------------------------------------------------------------------------------------------------------------------(Rupees in '000) ---------------------------------------------------------------------------------------------------------------------

14,668,525

1,447,150 36,616,227 33,608,239 547,115 (156,706) 8,543,333 27,461,581

138,208,223

260,943,687

4,551,560 265,495,247

Comprehensive income for the three months ended March 31, 2021

Profit after taxation for the three months ended March 31, 2021

Other comprehensive income / (loss)

Effect of translation of net investment in foreign branches, subsidiaries, joint venture and associates - net of tax

Increase in share of exchange translation reserve of associates - net of tax

Share of remeasurement gain on defined benefit obligations of associates - net

Movement in surplus / deficit on revaluation of assets - net of tax

Movement in share of surplus / deficit on revaluation of assets of associates - net of tax

Transferred to statutory reserves

Transferred from surplus on revaluation of assets - net of tax Exchange gain realised on liquidation of subsidiary - net of tax Transactions with owners, recorded directly in equity

Final cash dividend - Rs 3 per share declared subsequent to the year ended December 31, 2020

Balance as at March 31, 2021

Comprehensive income for the nine months ended December 31, 2021

Profit after taxation for the nine months ended December 31, 2021

Other comprehensive income / (loss)

Effect of translation of net investment in foreign branches, subsidiaries, joint venture and associates - net of tax

Decrease in share of exchange translation reserve of associates - net of tax Remeasurement gain / (loss) on defined benefit obligations - net of tax

Share of remeasurement gain on defined benefit obligations of associates - net

Movement in surplus / deficit on revaluation of assets - net of tax

Movement in share of surplus / deficit on revaluation of assets of associates - net of tax

Transferred to statutory reserves

Transferred from surplus on revaluation of assets - net of tax

Exchange gain realised on partial repatriation of branch capital - net of tax

Acquisition of additional interest in subsidiary

Transactions with owners, recorded directly in equity

  • 1st interim cash dividend - Rs 1.75 per share

  • 2nd interim cash dividend - Rs 1.75 per share

  • 3rd interim cash dividend - Rs 1.75 per share

Balance as at December 31, 2021

Comprehensive income for the three months ended March 31, 2022

Profit after taxation for the three months ended March 31, 2022

Other comprehensive income / (loss)

Effect of translation of net investment in foreign branches, subsidiaries, joint venture and associates - net of tax

Increase in share of exchange translation reserve of associates - net of tax

Share of remeasurement gain on defined benefit obligations of associates - net

Movement in surplus / deficit on revaluation of assets - net of tax

Movement in share of surplus / deficit on revaluation of assets of associates - net of tax

Transferred to statutory reserves

Transferred from surplus on revaluation of assets - net of tax Transactions with owners, recorded directly in equity

Final cash dividend - Rs 2.25 per share declared subsequent to the year ended December 31, 2021

Balance as at March 31, 2022

- 14,668,525

-

-

-

-

-

-1,530,307 37,446,019 29,396,627 547,115 (156,706) 4,749,701 27,440,984

- 14,668,525

-

-

-

-

-

-2,231,161 40,872,878 38,851,384 547,115 (156,706) (10,910,172) 27,520,403

The annexed notes 1 to 39 form an integral part of these condensed interim consolidated financial statements.

President and

Chief Executive OfficerChief Financial Officer

  • - (4,400,556)

(4,400,556)

  • - (4,400,556)

141,255,024

256,877,596

4,731,411

261,609,007

-(3,300,418)

(3,300,418)

-(3,300,418)

162,695,419

276,320,007

4,160,695 280,480,702

Director

Director

Director

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

HBL - Habib Bank Limited published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 08:24:00 UTC.