RECORDS TO YOUR REPORTS FOR THE 12 MONTHS ENDED JUNE 30, 2003
3. CASH AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS RECORDS IS GAINED AT RATES WHICH RANGE FROM 2 per cent TO 5 per cent
4. SHORT-TERM LOANS 4.1. These express loans to customers for a time period of as much as 12 months on mark-up basis as they are guaranteed by means of lien on Certificates of Investment. The price of mark-up ranges from 14% to 21.5percent per year.
4.2. Included in these are cash market placements with different banking institutions as well as other banking institutions. Return on these placements ranges from 5% to 13per cent.
5. ASSETS through the year that is current the business offered four federal federal government securities for Rs 182.288 million. The amortised cost of these federal government securities ended up being Rs 159.394 million in addition to revenue regarding the disposal among these securities amounted to Rs 22.894 million.
The administration chose to offer these securities to be able to realise the gain arising on these securities beneath the interest rate environment that is reduced.
As at June 30, 2003 the investment that is remaining of business in government securities amounted to Rs 52.634 million.
This investment has been reclassified as ‘held for trading’ and it is calculated at reasonable value. An increase of Rs 12.946 million happens to be credited to your revenue and loss account in respect of the investment. There are no financial assets classified as ‘held to readiness’ at June 30, 2003.
5.1. INFORMATION ON ASSETS IN SHARES/CERTIFICATES OF LISTED COMPANIES/MODARABAS 6. THE RETURN ON INDEXED TERM FINANCE CERTIFICATES RANGES FROM 12 per cent TO 18 per cent
7. IMPROVEMENTS, BUILD UP, PREPAYMENTS AND OTHER RECEIVABLES 7.1. The utmost aggregate amount due through the chief executive and professionals by the end of any thirty days throughout the year ended up being Rs 873,685 (2002: Rs 623,685) and Rs 81,302 (2002: Rs 229,232) correspondingly. Continue reading