Financial Statements

Bank Of Khyber
Balance sheet (2006 to 2011)
Rupees in ' 000
Assets
Cash and balances with treasury banks
Balances with other banks
Lendings to financial institutions
Investments
Advances
Operating fixed assets
Deferred tax assets
Other assets
Total Assets
Average assets
LIABILITIES
Bills payable
Borrowings
Deposits and other accounts
Sub-ordinated loans
Liabilities against assets subject to finance lease
Deferred tax liabilities
Other liabilities
Share capital
Reserves
Unappropriated profit
Share depositor money
Surplus on revaluation of assets - net
Total liabilities

2006
1,574,531
3,755,151
2,493,430
8,565,483
9,219,391
142,002
96,288
1,364,984 27,211,260

150,435
4,325,809
19,076,564
629,496
2,000,949
758,290
103,890
165,827
27,211,260

2007
1,364,853
3,728,016
2,858,000
8,903,110
10,085,640
213,025
63,644
29,711,932
28,461,596
348,952
1,321,396
21,410,828
0
0
0
782,311
4,002,984
1,317,520
219,964
0
307,977
29,711,932

Income Statement ( 2007 to 2011)

Rupees in ' 000
Mark-up / return / interest earned
Mark-up / return / interest expensed
Net mark-up / interest income
Provision against non-performing loans and advances
Provision for diminution in the value of investments
Bad debts written off directly
Net Mark-up / interest income after provisions
NON MARK-UP/INTEREST INCOME

2007
2,380,380
1,845,360
535,020
655,624
3,700
60
659,384
-124,364

Fee, Commission and brokerage income

Dividend Income
Income from dealing in foreign currencies
(Loss) / gain on sale of securities
Unrealized gain / (loss) on revaluation of investments
classified as held for trading
Other income
Total non-markup/interest Income

78,790
126,878
14,856
433,333
-6,990
98,685
745,552
621,188

NON MARK-UP/INTEREST EXPENSES

Administrative expenses
Other provisions / write offs
Other charges
Total non-markup/interest expenses

522,723
0
21,040
543,763
77,425
0
77,425
18,246
0
-154,072
-135,826
213,251
49,363
262,614
0.43
0.43

Extra ordinary / unusual items

PROFIT BEFORE TAXATION
Taxation current
Prior years
Deferred
PROFIT AFTER TAXATION
Unappropriated profit brought forward
Profit available for appropriation
Basic earnings per share
Diluted earnings per share

Financial Highlights
2006
2,925,066

Total equity
Average total equity
Total revenue
Total expense

#######

2007
5,628,481
4,276,774
3,125,932
3,048,507

2008
1,557,715
3,362,946
2,282,494
8,985,441
12,643,814
187,589
396,673
31,338,989
30,525,461

2009
1,542,102
2,403,698
1,810,846
17,925,911
11,835,962
1,013,670
456,420
1,821,961
38,810,570
35,074,780

2010
2,802,781
1,527,561
1,800,566
36,684,689
22,287,799
1,301,822
255,090
1,764,158
68,424,466
53,617,518

2011
5,080,521
1,501,883
2,562,093
19,852,730
18,238,333
1,121,554
443,320
1,993,869
50,794,303
59,609,385

122,516
910,691
24,732,195
0
0
0
892,371
4,002,984
1,436,359
238,473
0
-996,600
31,338,989

229,973
5,147,036
26,285,794
0
0
0
1,185,470
5,004,001
435,342
-398,710
224,000
697,664
38,810,570

281,292
10,391,732
45,548,423
0
0
0
1,837,525
8,228,001
722,501
749,925
665,067
68,424,466

280,665
2,894,759
36,981,351
0
0
0
1,237,155
5,004,001
548,039
52,079
3,224,000
572,254
50,794,303

2008
2,958,865
1,897,816
1,061,049
192,919
45,674
0
238,593
822,456

2009
3,390,014
2,390,388
999,626
659,758
602,061
0
1,261,819
-262,193

2010
4,207,155
2,925,066
1,282,089
48,916
-371,682
0
-322,766
1,604,855

2011
6,946,827
4,551,942
2,394,885
42,092
202,532
0
244,624
2,150,261

96,413
150,360
32,926
-570

127,123
117,458
3,371
67,148

172,565
74,848
30,761
-285,934

232,828
223,114
56,285
169,383

60,626
339,755
1,162,211

-1,294
69,896
383,702
121,509

1,431
66,006
59,677
1,664,532

-16,742
65,142
730,010
2,880,271

654,869
264,324
37,122
956,315
205,896
0
205,896
18,975
0
-49,573
68,548
137,348
128,595
265,943
0.27
0.27

719,453
185,500
15,326
920,279
-798,770
0
-798,770
75,292
0
-236,879
-161,587
-637,183
238,473
-398,710
-1.27
-1.27

943,680
-5,705
13,416
951,391
713,141
0
713,141
89,631
2,040
57,984
149655
563,486
-398,710
164,776
1.13
1.13

1,468,480
87,970
38,363
1,594,813
1,285,458
0
1,285,458
271,550
26,306
115,294
413,150
872,308
52,079
924,387
1.41
1.41

2008
4,442,743
5,035,612
3,298,620
3,092,724

2009
6,361,007
5,401,875
3,773,716
4,572,486

2010
9,615,569
7,988,288
4,266,832
3,553,691

2011
9,348,294
9,481,932
7,676,837
6,391,379

Quantitative Analysis
Financial Statement Analysis
Bank Of Khyber
Balance Sheet Analysis
Vertical Analysis
Assets
Cash and balances with treasury banks
Balances with other banks
Lendings to financial institutions
Investments
Advances
Operating fixed assets
Deferred tax assets
Other assets
Total assets

2006
5.7863%
13.8000%
9.1632%
31.4777%
33.8808%
0.5219%
0.3539%
5.0162%
100.0000%

Liabilities
Bills payable
Borrowings
Deposits and other accounts
Sub-ordinated loans
Liabilities against assets subject to finance lease
Deferred tax liabilities
Other liabilities
Share capital
Reserves
Unappropriated profit
Advances against share subscription
(Deficit) / surplus on revaluation of assets
Total liabilities

0.5528%
15.8971%
70.1054%
0.0000%
0.0000%
0.0000%
2.3134%
7.3534%
2.7867%
0.3818%
0.0000%
0.6094%
100.0000%

Ratio Analysis

Cash to total asset ratio

Credit asset ratio
Non deposit borrowing ratio

Income Statements (2007 to 2011)

Vertical Analysis
Mark-up / return / interest earned
Mark-up / return / interest expensed
Net mark-up / interest income
Provision against non-performing loans and advances
Provision for diminution in the value of investments
Bad debts written off directly
Net Mark-up / interest income after provisions
NON MARK-UP/INTEREST INCOME
Fee, Commission and brokerage income
Dividend Income
Income from dealing in foreign currencies
(Loss) / gain on sale of securities
Unrealized gain / (loss) on revaluation of investments
classified as held for trading
Other income
Total non-markup/interest Income
NON MARK-UP/INTEREST EXPENSES
Administrative expenses
Other provisions / write offs
Other charges
Total non-markup/interest expenses
Extra ordinary / unusual items
PROFIT BEFORE TAXATION
Taxation current
Prior years
Deferred
PROFIT AFTER TAXATION

Ratio Analysis
Overhead ratio

Dupont Analytical Approach

Bank Of Khyber

Return on equity
Return on asset
Equity multiplier
Asset utilization
Expense ratio
Yield on asset
Non interest income
Interest expense
non interest expense
Provision rate
Tax
Premium margin

2007
2008
2009
2010
2011 Average
4.5936%
4.9705%
3.9734%
4.0962% 10.0021%
5.6529%
12.5472% 10.7309%
6.1934%
2.2325%
2.9568%
6.6098%
9.6190%
7.2832%
4.6659%
2.6315%
5.0441%
5.6061%
29.9648% 28.6718% 46.1882% 53.6134% 39.0846% 40.9748%
33.9447% 40.3453% 30.4967% 32.5729% 35.9063% 34.2322%
0.7170%
0.5986%
2.6118%
1.9026%
2.2080%
1.6158%
0.2142%
1.2657%
1.1760%
0.3728%
0.8728%
0.6949%
0.0000%
0.0000%
4.6945%
2.5783%
3.9254%
4.2297%
100.0000% 100.0000% 100.0000% 100.0000% 100.0000% 100.0000%

1.1745%
0.3909%
0.5926%
0.4111%
0.5526%
0.5740%
4.4474%
2.9059% 13.2619% 15.1872%
5.6990% 10.1471%
72.0614% 78.9183% 67.7284% 66.5675% 72.8061% 70.6623%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
2.6330%
2.8475%
3.0545%
2.6855%
2.4356%
2.6653%
13.4726% 12.7732% 12.8934% 12.0249%
9.8515% 11.4673%
4.4343%
4.5833%
1.1217%
1.0559%
1.0789%
2.1186%
0.7403%
0.7609%
-1.0273%
1.0960%
0.1025%
0.3921%
0.0000%
0.0000%
0.5772%
0.0000%
6.3472%
4.1999%
1.0365%
-3.1801%
1.7976%
0.9720%
1.1266%
0.5734%
100.0000% 100.0000% 100.0000% 100.0000% 100.0000% 100.0000%

2007
4.5936%
43.5638%
4.4474%

2008
4.9705%
47.6286%
2.9059%

2009
3.9734%
35.1626%
13.2619%

2010
4.0962%
35.2043%
15.1872%

2011 Average
10.0021%
5.6363%
40.9503% 39.8383%
5.6990% 10.1417%

2007
76.1494%
59.0339%
17.1155%
20.9737%
0.1184%
0.0019%
21.0940%
-3.9785%
0.0000%
2.5205%
4.0589%
0.4753%
13.8625%
0.0000%
-0.2236%
3.1570%
23.8506%
19.8721%
0.0000%
16.7221%
0.0000%
0.6731%
17.3952%
2.4769%
0.0000%
2.4769%
0.5837%
0.0000%
-4.9288%
-4.3451%
6.8220%

2008
89.7001%
57.5336%
32.1665%
5.8485%
1.3846%
0.0000%
7.2331%
24.9333%
0.0000%
2.9228%
4.5583%
0.9982%
-0.0173%
0.0000%
0.0000%
1.8379%
10.2999%
35.2332%
0.0000%
19.8528%
8.0132%
1.1254%
28.9914%
6.2419%
0.0000%
6.2419%
0.5752%
0.0000%
-1.5028%
2.0781%
4.1638%

2009
89.8323%
63.3431%
26.4892%
17.4830%
15.9541%
0.0000%
33.4370%
-6.9479%
0.0000%
3.3686%
3.1125%
0.0893%
1.7794%
0.0000%
-0.0343%
1.8522%
10.1677%
3.2199%
0.0000%
19.0648%
4.9156%
0.4061%
24.3865%
-21.1667%
0.0000%
-21.1667%
1.9952%
0.0000%
-6.2771%
-4.2819%
-16.8848%

2010
98.6014%
68.5536%
30.0478%
1.1464%
-8.7110%
0.0000%
-7.5645%
37.6123%
0.0000%
4.0443%
1.7542%
0.7209%
-6.7013%
0.0000%
0.0335%
1.5470%
1.3986%
39.0110%
0.0000%
22.1166%
-0.1337%
0.3144%
22.2974%
16.7136%
0.0000%
16.7136%
2.1006%
0.0478%
1.3589%
3.5074%
13.2062%

2011 Average
90.4907% 89.7990%
59.2945% 61.4697%
31.1962% 28.3294%
0.5483%
7.2230%
2.6382%
2.1782%
0.0000%
0.0003%
3.1865%
9.4014%
28.0097% 18.9280%
0.0000%
0.0000%
3.0329%
3.1963%
2.9063%
3.1283%
0.7332%
0.6242%
2.2064%
1.7314%
0.0000%
0.0000%
-0.2181%
-0.1066%
0.8486%
1.6275%
9.5093% 10.2010%
37.5190% 29.1289%
0.0000%
0.0000%
19.1287% 19.4617%
1.1459%
2.4031%
0.4997%
0.5657%
20.7744% 22.4306%
16.7446%
6.6984%
0.0000%
0.0000%
16.7446%
6.6984%
3.5373%
2.1394%
0.3427%
0.1280%
1.5018%
-1.2070%
5.3818%
1.5082%
11.3629%
5.1902%

2007
137.1097%

2008
35.5275%

2009
41.6941%

2010
6.2726%

2011 Average
45.7740% 45.4781%

2007
4.9863%
0.7493%
6.6549
0.1098
0.1071
0.0836
0.0262
0.0648
0.0262
0.0232
-0.0048
0.0682

2008
2.7275%
0.4499%
6.0619
0.1081
0.1013
0.0969
0.0111
0.0622
0.0111
0.0078
0.0022
0.0416

2009
-11.7956%
-1.8166%
6.4931
0.1076
0.1304
0.0967
0.0109
0.0682
0.0109
0.0360
-0.0046
-0.1688

2010
7.0539%
1.0509%
6.7120
0.0796
0.0663
0.0785
0.0011
0.0546
0.0011
-0.0060
0.0028
0.1321

2011
9.1997%
1.4634%
6.2866
0.1288
0.1072
0.1165
0.0122
0.0764
0.0122
0.0041
0.0069
0.1136

Tabular Representation
Bank Of Khyber
Financial Statements
Balance Sheet Ratios

Ratios
Cash to total asset ratio
Credit asset ratio
Non deposit borrowing ratio

2007

2008

4.5936%

4.9705%

43.5638%

47.6286%

4.4474%

2.9059%

2007

2008

137.1097%

35.5275%

Income Statement Ratios

Ratios
Overhead ratio

Dupont Ratios

Years
Ratios
Return on equity

2007
4.9863%

2008
2.7275%

2009
-11.7956%

2010
7.0539%

Return on asset

0.7493%

0.4499%

-1.8166%

1.0509%

Equity multiplier

6.6549

6.0619

6.4931

6.7120

Asset utilization

0.1098

0.1081

0.1076

0.0796

Expense ratio

0.1071

0.1013

0.1304

0.0663

Yield on asset

0.0836

0.0969

0.0967

0.0785

Non interest income

0.0262

0.0111

0.0109

0.0011

Interest expense

0.0648

0.0622

0.0682

0.0546

non interest expense

0.0262

0.0111

0.0109

0.0011

Provision rate

0.0232

0.0078

0.0360

-0.0060

-0.0048

0.0022

-0.0046

0.0028

0.0682

0.0416

-0.1688

0.1321

Tax
Premium margin

Years
2009
3.9734%

2010

2011 Average

4.0962% 10.0021%

5.6363%

35.1626%

35.2043% 40.9503% 39.8383%

13.2619%

15.1872%

5.6990% 10.1471%

Years
2009
41.6941%

2010

2011 Average

6.2726% 45.7740% 45.4781%

2011
9.1997%

Average
2.4344%

1.4634%

0.3794%

6.2866

6.4417

0.1288

0.1068

0.1072

0.1025

0.1165

0.0944

0.0122

0.0123

0.0764

0.0652

0.0122

0.0123

0.0041

0.0130

0.0069

0.0005

0.1136

0.0373

Graphical Representation
Bank Of Khyber
Financial Statements
Balance Sheet Graphs

0.69%
1.62%

Components Of Assets in %
4.23% 5.65%
6.61%

Cash and balances with treasury banks

5.61%

Balances with other banks

Lendings to financial institutions
Investments

34.23%

Advances
Operating fixed assets

40.97%

Deferred tax assets

Other assets

4.20%

0.57%
0.39%

2.12%

Components Of Liabilities in %
0.57%

10.15%
Bills payable

11.47%
2.67%
0.00%
0.00%

Borrowings
Deposits and other accounts

0.00%

Sub-ordinated loans
70.66%
Liabilities against assets subject to
finance lease

Cash To Total Asset Ratio

12.0000%
10.0021%

12.0000%
10.0021%
10.0000%
R
a
t
e

8.0000%
6.0000%

4.5936%

5.6363%

4.9705%

4.0000%

3.9734%

4.0962%

2009

2010

Cash to total asset ratio

2.0000%
0.0000%
2007

2008

2011

Average

Years

Credit Asset Ratio

60.0000%
50.0000%

43.5638%

47.6286%

R 40.0000%
a
30.0000%
t
e 20.0000%

35.1626%

35.2043%

2009

2010

40.9503%

39.8383%

2011

Average

10.0000%
0.0000%
2007

2008

Years

Non Deposit Borrowing Ratio

15.1872%

16.0000%
13.2619%

14.0000%
12.0000%
R 10.0000%
a
8.0000%
t
6.0000%
e
4.0000%

10.1417%
5.6990%

4.4474%

Non deposit borrowing ratio

2.9059%

2.0000%
0.0000%
2007

2008

2009

2010
Years

Income Statement Graphs

2011

Average

Revenue = Yeild on
Onasset
Asset++non
Noninterest
Interestincome
Income
12% 12%

88% 88%

Expense = Interest Expense+ Non Interest Expense +

Provisions

13%
24%
63%

Overhead Ratio
160%
140%
120%
R 100%
a
80%
t
60%
e
40%
20%
0%

137.1097%

35.5275%

45.7740%

41.6941%
6.2726%

45.4781%

0%
2007

2008

2009

2010

2011

Average

Years

Dupont Graph

Return On Equity
0.15
9.1997%

0.1

7.0539%
4.9863%

0.05

R
a
0
t
e -0.05

2.7275%

2007

2008

2009

2010

2011

-0.1
-11.7956%

-0.15

Years

Return On Assets
0.02

1.4634%

0.015
0.01
R 0.005
a
0
t
e -0.005
-0.01

1.0509%
0.7493%
0.4499%

2007

2008

2009

2010

2011

-0.015
-0.02

-1.8166% Years

Equity Multiplier
6.8
6.6

6.7120

6.6549
6.4931

6.4417

6.6

6.4931

R 6.4
a
6.2
t
6
e

6.4417
6.2866

6.0619

5.8
5.6
2007

2008

2009

2010

2011

Average

Years

Asset Utilization
0.1288

0.14
0.12

0.1098

0.1081

0.1076

0.1068

0.1
R
a 0.08
t 0.06
e 0.04

0.0796

0.02
0
2007

2008

2009

2010

2011

Average

Years

Yield On Asset
0.14
0.1165

0.12
0.1

R
a 0.08
t 0.06
e 0.04

0.0969

0.0967

0.0944

0.0836

0.0785

0.02
0
2007

2008

2009

2010
Years

Interest expense

2011

Average

Interest expense

R
a
t
e

0.09
0.08
0.07
0.06
0.05
0.04
0.03
0.02
0.01
0

0.0764
0.0648

0.0622

0.0682

0.0652
0.0546

2007

2008

2009

2010

2011

Average

Years

Non Interest Income

0.03

0.0262

0.025
R 0.02
a
0.015
t
e 0.01

0.0111

0.0109

0.005

0.0122

0.0123

2011

Average

0.0011

0
2007

2008

2009

2010
Years

Non Interest Expense

0.035

0.0313

0.03

0.0268

0.0262

0.025

R
a 0.02
t 0.015
e 0.01

0.0191

0.0242

0.0177

0.005
0
2007

2008

2009

2010

2011

Average

2007

2008

2009

2010

2011

Average

Years

Provision Rate
0.04
0.03
R
a
t
e

0.0360

0.0232

0.02
0.0130
0.0078

0.01

0.0041

0
2007

2008

2009

2010

-0.01

Years

2011

Average

-0.0060

Tax
0.008

0.0069

0.006
0.004
R
a
t
e

0.0028

0.0022

0.002
0
-0.002

2007

2008

2009

2010

2011

-0.004
-0.006

-0.0046

-0.0048

Years

Premium Margin
0.1321

0.15
0.1

0.0682
0.0416

0.05
R
0
a
t -0.05

0.1136

2007

2008

0.0373

2009

2010

2011

Average

a
t -0.05
e
-0.1

2007

2008

2009

2010

-0.15
-0.2

-0.1688

Years

2011

Average

h and balances with treasury banks

ances with other banks

dings to financial institutions

erating fixed assets

erred tax assets

Bills payable

Deposits and other accounts

Sub-ordinated loans

Liabilities against assets subject to

inance lease

Cash to total asset ratio

Credit asset ratio

Non deposit borrowing ratio

est
estincome
Income

Yield on asset
Series1
Non interest
Series2
income

est Expense +

Interest expense
non interest expense
Provision rate

45.4781%

Overhead ratio

Average

2.4344%
Average

ROE

0.3794%

Average

6.4417

ROA

6.4417

Equity multiplier

Average

0.1068

Asset utilization

Average

0.0944

Yield on asset

Average

0.0652

Interest expense

Average

Non interest income

0.0242

non interest expense

Average

Average

0.0130
Provision rate

Average

0.0005
Tax
Average

0.0373

Average

Profit margin

Average

Profit margin