HABIB BANK LIMITED Annexure "C"
HBL FINANCIAL STATEMENTS
For the nine months ended
September 30, 2023
CONDENSED INTERIM
CONSOLIDATED FINANCIAL
STATEMENTS
For the nine months ended September 30, 2023
Habib Bank Limited
Condensed Interim Consolidated Statement of Financial Position
As at September 30, 2023
(Unaudited) | (Audited) | |||
Note | September 30, | December 31, | ||
2023 | 2022 | |||
(Rupees in '000) | ||||
ASSETS | ||||
Cash and balances with treasury banks | 5 | 522,171,130 | 296,015,386 | |
Balances with other banks | 6 | 53,126,983 | 41,513,022 | |
Lendings to financial institutions | 7 | 219,213,353 | 254,593,287 | |
Investments | 8 | 2,506,325,055 | 1,948,801,042 | |
Advances | 9 | 1,782,546,504 | 1,782,497,923 | |
Fixed assets | 10 | 140,037,198 | 113,871,657 | |
Intangible assets | 11 | 20,551,430 | 18,422,200 | |
Deferred tax assets | 12 | 12,054,861 | 5,797,045 | |
Other assets | 13 | 251,868,869 | 177,294,549 | |
5,507,895,383 | 4,638,806,111 |
LIABILITIES
Bills payable | 14 |
Borrowings | 15 |
Deposits and other accounts | 16 |
Liabilities against assets subject to finance lease | |
Subordinated debt | 17 |
Deferred tax liabilities | |
Other liabilities | 18 |
NET ASSETS
REPRESENTED BY
Shareholders' equity Share capital Reserves
Surplus on revaluation of assets - net of tax19 Unappropriated profit
Total equity attributable to the equity holders of the Bank
Non-controlling interest
52,857,144
802,886,352
3,975,101,097
-
18,874,000
-
317,245,071
5,166,963,664
340,931,719
14,668,525
99,925,116
12,235,460
211,236,199
338,065,300
2,866,419
340,931,719
52,001,577
583,771,399
3,469,342,252
-
18,874,000
-
229,795,069
4,353,784,297
285,021,814
14,668,525
87,771,332
1,235,369
178,467,639
282,142,865
2,878,949
285,021,814
CONTINGENCIES AND COMMITMENTS | 20 |
The annexed notes 1 to 39 form an integral part of these condensed interim consolidated financial statements.
President and | Chief Financial Officer | Director | Director | Director |
Chief Executive Officer |
1
Habib Bank Limited
Condensed Interim Consolidated Profit and Loss Account (Unaudited)
For the nine months ended September 30, 2023
January 01 to | January 01 to | July 01 to | July 01 to |
Note September 30, | September 30, | September 30, | September 30, |
2023 | 2022 | 2023 | 2022 |
-------------------------------- | (Rupees in '000)----------------------------- |
Mark-up / return / profit / interest earned | 22 |
Mark-up / return / profit / interest expensed | 23 |
Net mark-up / return / profit / interest income | |
Non mark-up / interest income | |
Fee and commission income | 24 |
Dividend income |
Share of profit of associates and joint venture Foreign exchange (loss) / income - domestic Foreign exchange income - international Foreign exchange income - unrealised gain
/ (loss) related to derivatives | |
(Loss) / income from derivatives | |
(Loss) / gain on securities - net | 25 |
Other income | 26 |
Total non mark-up / interest income |
Total income
509,965,767
332,106,284
177,859,483
30,458,872
1,982,094
3,212,506
(4,252,401)
1,347,400
4,544,399
(3,140,330)
(307,328)
4,347,253
38,192,465
216,051,948
309,099,482
192,585,025
116,514,457
22,773,077
560,465
2,093,109
3,501,155
3,278,493
5,463,820
(3,412,516)
530,713
342,691
35,131,007
151,645,464
190,768,778
125,782,767
64,986,011
10,680,111
155,203
1,037,929
(86,937)
370,582
(1,239,637)
2,011,230
(79,989)
182,160
13,030,652
78,016,663
121,465,176
79,336,844
42,128,332
7,715,691
150,326
1,276,897
647,857
1,375,751
2,864,385
(2,318,240)
127,485
106,154
11,946,306
54,074,638
Non mark-up / interest expenses | ||||
Operating expenses | 27 | 123,298,170 | ||
Workers' Welfare Fund | 1,711,805 | |||
Other charges | 28 | 82,090 | ||
Total non mark-up / interest expenses | 125,092,065 | |||
Profit before provisions and taxation | 90,959,883 | |||
Provisions and write offs - net | 29 | 7,431,402 | ||
Profit before taxation | 83,528,481 | |||
Taxation | 30 | 40,557,222 | ||
Profit after taxation | 42,971,259 | |||
Attributable to: | ||||
Equity holders of the Bank | 42,829,432 | |||
Non-controlling interest | 141,827 | |||
42,971,259 | ||||
90,926,231
1,078,193
450,995
92,455,419
59,190,045
3,591,108
55,598,937
31,971,038
23,627,899
23,399,621
228,278
23,627,899
43,949,709
609,617
5,610
44,564,936
33,451,727
1,432,388
32,019,339
15,388,058
16,631,281
16,636,075
(4,794)
16,631,281
31,879,205
391,304
8,682
32,279,191
21,795,447
787,993
21,007,454
9,487,340
11,520,114
11,513,791
6,323
11,520,114
------------------------------------------ | Rupees | ------------------------------------------ | |||||||
Basic and diluted earnings per share | 31 | 29.20 | 15.95 | 11.34 | 7.85 | ||||
The annexed notes 1 to 39 form an integral part of these condensed interim consolidated financial statements.
President and | Chief Financial Officer | Director | Director | Director |
Chief Executive Officer |
2
Habib Bank Limited
Condensed Interim Consolidated Statement of Comprehensive Income (Unaudited) For the nine months ended September 30, 2023
January 01 to | January 01 to | July 01 to |
September 30, | September 30, | September 30, |
2023 | 2022 | 2023 |
(Rupees in '000) |
July 01 to
September 30,
2022
Profit after taxation for the period attributable to:
Equity holders of the Bank | 42,829,432 | |
Non-controlling interest | 141,827 | |
42,971,259 | ||
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 | 10,507,419 | |
Non-controlling interest | - | |
10,507,419 | ||
Increase in share of exchange translation reserve of associates | ||
- net of tax | 497,268 | |
Movement in surplus / deficit on revaluation of investments | ||
- net of tax, attributable to: | ||
Equity holders of the Bank | (4,503,364) | |
Non-controlling interest | 22,377 | |
(4,480,987) | ||
Movement in share of surplus / deficit on revaluation of investments | ||
of associates - net of tax | (320,933) | |
Items that are not to be reclassified to the profit and | ||
loss account in subsequent periods: | ||
Movement in surplus / deficit on revaluation of fixed assets | ||
- net of tax, attributable to: | ||
Equity holders of the Bank | 15,966,442 | |
Non-controlling interest | 52,989 | |
Transferred from surplus on revaluation of non-banking assets | ||
- net of tax | - | |
16,019,431 | ||
Movement in surplus / deficit on revaluation of non-banking assets | ||
- net of tax: | ||
Transferred to surplus on revaluation of fixed assets - net of tax | - | |
Movement in share of surplus / deficit on revaluation of fixed assets | ||
of associates - net of tax | (6,355) | |
Remeasurement gain on defined benefit obligations - net of tax | - | |
Share of remeasurement gain on defined benefit obligations | ||
of associates - net of tax | 8,633 | |
Total comprehensive income | 65,195,735 | |
Total comprehensive income attributable to: | ||
Equity holders of the Bank | 64,978,542 | |
Non-controlling interest | 217,193 | |
65,195,735 | ||
23,399,621
228,278
23,627,899
4,143,660
44,140
4,187,800
80,140
(20,955,370)
(48,346)
(21,003,716)
(290,547)
(201,262)
(3,081)
79,789
(124,554)
(79,789)
122,747
209,435
3,735
6,733,150
6,512,159
220,991
6,733,150
16,636,075
(4,794)
16,631,281
(2,080,636)
-
(2,080,636)
291,242
2,499,060
20,614
2,519,674
(126,251)
10,639
185
-
10,824
-
(157)
-
-
17,245,977
17,229,972
16,005
17,245,977
11,513,791
6,323
11,520,114
2,235,740
-
2,235,740
6,074
(4,199,860)
5,961
(4,193,899)
(154,796)
-
-
79,789
79,789
(79,789)
6,454
-
1,949
9,421,636
9,409,352
12,284
9,421,636
The annexed notes 1 to 39 form an integral part of these condensed interim consolidated financial statements.
President and | Chief Financial Officer | Director | Director |
Chief Executive Officer |
Director
3
Habib Bank Limited
Condensed Interim Consolidated Statement of Changes In Equity (Unaudited)
For the nine months ended September 30, 2023
Attributable to shareholders of the Bank | |||||||||||||
Reserves | Surplus / (deficit) on | ||||||||||||
Statutory | Capital | revaluation of | |||||||||||
On | Non- | ||||||||||||
Unappropriated | controlling | Total | |||||||||||
Share capital | Joint | acquisition | Fixed / Non | Sub Total | |||||||||
Exchange | Non-distribu- | profit | interest | ||||||||||
venture and | Bank | of common | Investments | Banking | |||||||||
subsidiary | translation | table | control | Assets | |||||||||
entity | |||||||||||||
------------------------------------------------------------------------------------------------------------------------- | (Rupees in '000) ------------------------------------------------------------------------------------------------------------------------ | ||||||||||||
Balance as at December 31, 2021 | 14,668,525 | 2,115,664 | 40,043,376 | 38,826,070 | 547,115 | (156,706) | (2,254,093) | 27,413,464 | 158,441,418 | 279,644,833 | 4,040,969 | 283,685,802 | |
Comprehensive income for the nine months ended September 30, 2022 | |||||||||||||
Profit after taxation for the nine months ended September 30, 2022 | - | - | - | - | - | - | - | - | 23,399,621 | 23,399,621 | 228,278 | 23,627,899 | |
Other comprehensive income / (loss) | |||||||||||||
Effect of translation of net investment in foreign branches, | |||||||||||||
subsidiaries, joint venture and associates - net of tax | - | - | - | 4,143,660 | - | - | - | - | - | 4,143,660 | 44,140 | 4,187,800 | |
Increase in share of exchange translation reserve of | |||||||||||||
associates - net of tax | - | - | - | 80,140 | - | - | - | - | - | 80,140 | - | 80,140 | |
Remeasurement gain on defined benefit obligations - net of tax | - | - | - | - | - | - | - | - | 209,435 | 209,435 | - | 209,435 | |
Share of remeasurement gain on defined benefit | |||||||||||||
obligations of associates - net | - | - | - | - | - | - | - | - | 3,735 | 3,735 | - | 3,735 | |
Movement in surplus / deficit on revaluation of assets - net of tax | - | - | - | - | - | - | (20,955,370) | (201,262) | - | (21,156,632) | (51,427) | (21,208,059) | |
Movement in share of surplus / deficit on revaluation of assets | |||||||||||||
of associates - net of tax | - | - | - | - | - | - | (290,547) | 122,747 | - | (167,800) | - | (167,800) | |
- | - | - | 4,223,800 | - | - | (21,245,917) | (78,515) | 23,612,791 | 6,512,159 | 220,991 | 6,733,150 | ||
Transferred to statutory reserves | - | 263,104 | 2,169,899 | - | - | - | - | - | (2,433,003) | - | - | - | |
Transferred from surplus on revaluation of assets - net of tax | - | - | - | - | - | - | - | (53,737) | 54,728 | 991 | (991) | - | |
Acquisition of additional interest in subsidiary | - | - | - | 642,741 | - | - | (57,067) | 3,726 | 862,926 | 1,452,326 | (1,452,326) | - | |
Transactions with owners, recorded directly in equity | |||||||||||||
Final cash dividend - Rs 2.25 per share declared subsequent | - | - | - | - | - | - | - | - | (3,300,418) | (3,300,418) | - | (3,300,418) | |
to the year ended December 31, 2021 | |||||||||||||
1st interim cash dividend - Rs 2.25 per share | - | - | - | - | - | - | - | - | (3,300,418) | (3,300,418) | - | (3,300,418) | |
2nd interim cash dividend - Rs 1.50 per share | - | - | - | - | - | - | - | - | (2,200,279) | (2,200,279) | - | (2,200,279) | |
- | - | - | - | - | - | - | - | (8,801,115) | (8,801,115) | - | (8,801,115) | ||
Balance as at September 30, 2022 | 14,668,525 | 2,378,768 | 42,213,275 | 43,692,611 | 547,115 | (156,706) | (23,557,077) | 27,284,938 | 171,737,745 | 278,809,194 | 2,808,643 | 281,617,837 | |
Comprehensive income for the three months ended December 31, 2022 | |||||||||||||
Profit after taxation for the three months ended December 31, 2022 | - | - | - | - | - | - | - | - | 10,670,466 | 10,670,466 | 99,965 | 10,770,431 | |
Other comprehensive income / (loss) | |||||||||||||
Effect of translation of net investment in foreign | |||||||||||||
branches, subsidiaries, joint venture and associates - net of tax | - | - | - | (2,113,594) | - | - | - | - | - | (2,113,594) | - | (2,113,594) | |
Increase in share of exchange translation reserve of | |||||||||||||
associates - net of tax | - | - | - | 148,006 | - | - | - | - | - | 148,006 | - | 148,006 | |
Remeasurement loss on defined benefit obligations - net of tax | - | - | - | - | - | - | - | - | (114,702) | (114,702) | (18,656) | (133,358) | |
Share of remeasurement gain on defined benefit | |||||||||||||
obligations of associates - net | - | - | - | - | - | - | - | - | 22 | 22 | - | 22 | |
Movement in surplus / deficit on revaluation of assets - net of tax | - | - | - | - | - | - | (2,286,454) | 30,850 | - | (2,255,604) | (11,003) | (2,266,607) | |
Movement in share of surplus / deficit on revaluation of assets | |||||||||||||
of associates - net of tax | - | - | - | - | - | - | (221,060) | 2,414 | - | (218,646) | - | (218,646) | |
- | - | - | (1,965,588) | - | - | (2,507,514) | 33,264 | 10,555,786 | 6,115,948 | 70,306 | 6,186,254 | ||
Transferred to statutory reserves | - | 145,056 | 916,801 | - | - | - | - | - | (1,061,857) | - | - | - | |
Transferred from surplus on revaluation of assets - net of tax | - | - | - | - | - | - | - | (18,242) | 18,242 | - | - | - | |
Acquisition of additional interest in subsidiary | - | - | - | - | - | - | - | - | (581,998) | (581,998) | - | (581,998) | |
Transactions with owners, recorded directly in equity | |||||||||||||
3rd interim cash dividend - Rs 1.50 per share | - | - | - | - | - | - | - | - | (2,200,279) | (2,200,279) | - | (2,200,279) | |
Balance as at December 31, 2022 | 14,668,525 | 2,523,824 | 43,130,076 | 41,727,023 | 547,115 | (156,706) | (26,064,591) | 27,299,960 | 178,467,639 | 282,142,865 | 2,878,949 | 285,021,814 | |
Comprehensive income for the nine months ended September 30, 2023 | |||||||||||||
Profit after taxation for the nine months ended September 30, 2023 | - | - | - | - | - | - | - | - | 42,829,432 | 42,829,432 | 141,827 | 42,971,259 | |
Other comprehensive income / (loss) | |||||||||||||
Effect of translation of net investment in foreign branches, | |||||||||||||
subsidiaries, joint venture and associates - net of tax | - | - | - | 10,507,419 | - | - | - | - | - | 10,507,419 | - | 10,507,419 | |
Increase in share of exchange translation reserve of | |||||||||||||
associates - net of tax | - | - | - | 497,268 | - | - | - | - | - | 497,268 | - | 497,268 | |
Share of remeasurement gain on defined benefit | |||||||||||||
obligations of associates - net | - | - | - | - | - | - | - | - | 8,633 | 8,633 | - | 8,633 | |
Movement in surplus / deficit on revaluation of assets - net of tax | - | - | - | - | - | - | (4,503,364) | 15,966,442 | - | 11,463,078 | 75,366 | 11,538,444 | |
Movement in share of surplus / deficit on revaluation of assets | |||||||||||||
of associates - net of tax | - | - | - | - | - | - | (320,933) | (6,355) | - | (327,288) | - | (327,288) | |
- | - | - | 11,004,687 | - | - | (4,824,297) | 15,960,087 | 42,838,065 | 64,978,542 | 217,193 | 65,195,735 | ||
Transferred to statutory reserves | - | 263,210 | 4,281,710 | - | - | - | - | - | (4,544,920) | - | - | - | |
Transferred from surplus on revaluation of assets - net of tax | - | - | - | - | - | - | - | (133,990) | 133,990 | - | - | - | |
Derecognition of joint venture | - | (1,444,256) | - | (1,951,567) | - | - | 2,993 | - | 1,441,263 | (1,951,567) | - | (1,951,567) | |
Acquisition of additional interest in subsidiary | - | - | - | - | - | - | (7,097) | 2,395 | 234,425 | 229,723 | (229,723) | - | |
Transactions with owners, recorded directly in equity |
Final cash dividend - Rs 1.50 per share declared subsequent to the year ended December 31, 2022
1st interim cash dividend - Rs 1.50 per share 2nd interim cash dividend - Rs 2.00 per share
Balance as at September 30, 2023
- | - | - | - | - | - | - | - | (2,200,279) | (2,200,279) | - | (2,200,279) |
- | - | - | - | - | - | - | - | (2,200,279) | (2,200,279) | - | (2,200,279) |
- | - | - | - | - | - | - | - | (2,933,705) | (2,933,705) | - | (2,933,705) |
- | - | - | - | - | - | - | - | (7,334,263) | (7,334,263) | - | (7,334,263) |
14,668,525 | 1,342,778 | 47,411,786 | 50,780,143 | 547,115 | (156,706) | (30,892,992) | 43,128,452 | 211,236,199 | 338,065,300 | 2,866,419 | 340,931,719 |
The annexed notes 1 to 39 form an integral part of these condensed interim consolidated financial statements.
President and | Chief Financial Officer | Director | Director | Director |
Chief Executive Officer |
4
| Attention: 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 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2023 08:00:37 UTC.
