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.