Notes to the Financial Statements - 2005 - National Bank of Pakistan

116 Pages·2006·14.59 MB·English

Contents
Vision 02
Mission 02
Core Values 03
Corporate Information 04
Financial Highlights - 2005 07
Six Year Performance at a Glance 08
Board of Directors 10
Senior Management 11
Notice of 57th Annual General Meeting 12
Statement Under Section 160 of The Companies Ordinance, 1984 14
Directors’ Report 16
Statement of Compliance with Code of Corporate Governance 21
Auditors’ Review Report to the Members 23
Auditors’ Report to the Members 24
Financial Statements - 2005
Balance Sheet 26
Profit & Loss Account 27
Cash Flow Statement 28
Statement of Changes in Equity 29
Notes to the Financial Statements 30
Pattern of Shareholding 84
Categories of Shareholders 86
Head Office Management 88
Domestic Operations 96
Overseas Operations 106
Form of Proxy
We’re Expanding horizons,
reaching out,
being there, bringing something
for Everyone
Our vision is that we want to be the pre-eminent
financial institution in Pakistan and achieve market
recognition both in quality and delivery of service as
well as the range of product offering.
Our mission to be recognized in the market place by
institutionalizing a merit and performance culture,
creating a powerful and distinctive brand identity,
achieving top-tier financial performance, and adopting
and living out our core values.
& following values to
deliver to you.
We aim to be an organization that is founded on:
Growth through creation of sustainable relationships
with our customers
Prudence to guide our business conduct
A national presence with a history of contribution to
our communities
We shall work to:
Meet expectations through market-based solutions and
products
Reward entrepreneurial efforts
Create value for all our stakeholders
We aim to be people who:
Care about relationships
Lead through the strength of our commitment and
willingness to excel
Practice integrity, honesty and hard work. We believe
that these are measures of true success
We have confidence that tomorrow we will be:
Leaders in our industry
An organization maintaining the trust of our
stakeholders
An innovative, creative and dynamic institution
responding to the changing needs of the internal and
external environment
After all, we are The Nation’s Bank
Corporate Information
Board of Directors Syed Ali Raza
Chairman & President
Dr. Waqar Masood Khan
Iftikhar Ali Malik
Syed Shafqat Ali Shah Jamote
M. Zubair Motiwala
Sikandar Hayat Jamali
Muhammad Khalid Malik
Azam Faruque
Audit Committee Syed Shafqat Ali Shah Jamote
Chairman
Iftikhar Ali Malik
M. Zubair Motiwala
Auditors KPMG Taseer Hadi & Co.
Chartered Accountants
Ford Rhodes Sidat Hyder & Co.
Chartered Accountants
Legal Advisors Mandviwala & Zafar
Advocates & Legal Consultants
Registered & Head Office NBP Building
I. I. Chundrigar Road, Karachi, Pakistan.
Registrar's & Share Registration Office THK Associates (Pvt.) Ltd.
Shares Department, Ground Floor,
Modern Motors House,
Beaumont Road, Karachi, Pakistan.
04
ATM plus Debit Card in one
One Card does it all
Affordable Installments from 1-60 months
Take upto 15 advance salaries
(currently for NBP account holders of govt. or related organization employees).
Financial Highlights - 2005
(Rs. In Million)
Authorized Capital 7,500
Paid-up Capital 5,909
Shareholders' Equity And Reserves 74,341
Deposits 463,427
Advances - Net 268,839
Investments - Net 156,986
Total Assets 577,719
Pre-tax Profit 19,056
After-tax Profit 12,709
No. of Branches 1,242
No. of Employees 13,824
07
Six Year Performance at a Glance
(Rs. In Million)
Shareholders’
Total Assets Deposits Advances Investments
Equity
2000 371,636 316,493 140,318 72,609 11,378
2001 415,089 349,617 170,319 71,759 11,959
2002 432,803 362,866 140,547 143,525 14,279
2003 468,972 395,492 161,266 166,196 18,134
2004 553,231 465,572 220,794 149,350 24,900
2005 577,719 463,427 268,839 156,986 36,158
Total Assets Deposits
600000 577,719 600000
553,231
500000 468,972 500000 465,572 463,427
415,089 432,803
million) 400000 371,636 million) 400000 316,493 349,617 362,866 395,492
n n
Rs. I 300000 Rs. I 300000
( (
200000 200000
100000 100000
2000 2001 2002 2003 2004 2005 2000 2001 2002 2003 2004 2005
Advances Shareholders’ Equity
300000 42000
268,839
36,158
250000 35000
220,794
n) n)
o o
milli 200000 170,319 161,266 milli 28000 24,900
n n
Rs. I 150000 140,318 140,547 Rs. I 21000 18,134
( (
14,279
100000 14000 11,378 11,959
50000 7000
2000 2001 2002 2003 2004 2005 2000 2001 2002 2003 2004 2005
08