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Bank Al Habib
Contents
Executive Summary
This write-up contains a review of the financial statements of four different banks across the globe. The basic purpose of this report is to link the information we obtain from books and lectures and class learning with the real & practical world.
The information in this write up is from the annual reports of the companies. The content of this write-up includes:
· History of the companies
· Basic Financial Statements
· Financial Assets
· Plant & Intangible Assets
· Liabilities
· Statement of Cash flows
Selected Companies
BANK AL HABIB
* Stock Exchange:
o It is located on Karachi Stock Exchange.
* Industry & products:
o It is included in Consumer & Commercial Banking sector. And the products and services offered by the company are:
§ Consumer banking:
* Auto Loan
* Home loan
* Home buying
* Home construction
* Home Improvement
Services:
* Online Banking
* Safe deposit lockers
* ATM cards
* Debit cards
* Telebanking
* E-funds transfer
* Remittances
* Life Insurance
Investment:
* Young saver account
* PLS saving account
* Maximize your profit
* Income every month
* Super saving account
* Mahana Munafa account
§ Agriculture loan
§ Islamic Banking
* Deposit schemes
* Islamic financing
§ Commercial Banking
§ Home remittances
* Incorporation:
o It was incorporated in Karachi, on 15 October, 1991.
Parent Company:
o DAWOOD HABIB GROUP, which is the sponsor of Bank AL Habib Limited, has a very long track record of banking which dates back to 1920s. They were among the founder members of Habib Bank Limitedwhich played a major role in meeting the financial and banking needs of Pakistan, and which was nationalized along with other Banks in Pakistan on December 31, 1973.
Under the privatization policy of Government of Pakistan, the DAWOOD HABIB GROUP was granted permission to set up a commercial bank. Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992.
Office address:
o Head Office
126-C, Old Bahawalpur Road Multan Pakistan
Financial year:
o The financial year of the company ends at December of that particular year.
o So it closes & adjusts its accounts at the end of December.
* Financial Statement Principle used:
o IAS
ICICI
* Stock Exchange:
o It is located on Bombay Stock Exchange.
* Industry & products:
o It is included in Personal, NRI and Business Banking sector. And the products and services offered by the company are:
§ Personal banking:
* Deposits
* Loans
* Cards
* Investments
* Insurance
* Demat services
* Online services
* Wealth management
NRI banking:
* Money transfer
* Bank accounts
* Investments
* Property solutions
* Insurance
* Loans
Business Banking:
* Corporate net banking
* Cash Management
* Trade services
* FXonline
* SME services
* Online Taxes
* Incorporation:
o It was incorporated in Mumbai, in 1994.
Parent Company:
o In1955, The World Bank, the Government of India and representatives of Indian industry formed ICICI Limited as a development finance institution to provide medium-term and long-term project financing to Indian businesses. ICICI was not a bank - it could not take retail deposits - and nor was it required to comply with Indian banking requirements for liquid reserves. ICICI borrowed funds from many multilateral agencies (such as the World Bank), often at concessional rates. It used these to make large corporate loans.
o In, 1994 ICICI established Banking Corporation as a banking subsidiary, formerly Industrial Credit and Investment Corporation of India. Later, ICICI Banking Corporation was renamed as 'ICICI Bank Limited'. ICICI founded a separate legal entity, ICICI Bank, to undertake normal banking operations - taking deposits, credit cards, car loans etc.
Office address:
o Landmark, Race Course Circle, Vadodara 390 007, Gujrat, India.
Financial year:
o The financial year of the company ends at March.
o So it closes & adjusts its accounts at the end of March.
* Financial Statement Principle used:
o GAAP
Bank of America
Stock Exchange:
o It is located on New York Stock Exchange.
Industry & products:
o It is included in Personal & Corporate Banking sector. And the products and services offered by the company are:
§ Online services
§ Checking & savings
§ Cards
§ Insurance
§ Specialized Banking
§ Business banking
§ Home buying, loans & lines of credit
§ Retirement
§ Investments
§ Wealth management
§ Vehicle & other loans
§ International banking
Incorporation:
o It was incorporated in 1929, in California.
Parent Company:
o The Bank of Italy was founded in San Francisco in 1904.
o In the late 1920s, President and founder of Bank of America, Los Angeles and Bank of Italy talked about a merger between the two entities. The Los Angeles based bank had exhibited strong growth throughout the 1920s, due in part to its success in developing an advanced branch banking system. The merger was completed in early 1929 and took the name Bank of America.
Office address:
o 100 North Tryon Street Charlotte, North Carolina 28263
Financial year:
o The financial year of the company ends at December.
o So it closes & adjusts its accounts at the end of December.
o Financial Statement Principle used:
o GAAP
HSBC
Stock Exchange:
o It is located on London Stock Exchange.
Industry & products:
o It is included in Personal & Corporate Banking sector. And the products and services offered by the company are:
§ HSBC plus
§ HSBC Premier
§ Savings
§ Investments
§ Credit Cards
§ Loans
§ Mortgages
§ Insurance
§ International services
* Incorporation:
o It was incorporated in 1865, in Hong Kong.
* Parent Company:
o The HSBC Group is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between China and Europe.
* Office address:
o 8 Canada Square, London E14 5HQ
* Financial year:
o The financial year of the company ends at December.
o So it closes & adjusts its accounts at the end of December.
* Financial Statement Principle used:
o IFRS
BANK AL HABIB
* Presentation Format
o IAS
* Observation on Assets:
o Total assets on 31st December, 2006: Rs. 1,14,99,80,37
o Total assets on 31st December, 2007: Rs. 1,41,23,42,74
o It shows that Bank Al Habib has an increase in Assets by Rs. 26236237 in one year.
o This increase is mainly due to increase in Investments.
* Observation on Liabilities:
o Total Liabilities on 31st December, 2006: Rs. 1,08,47,56,45
o Total Liabilities on 31st December, 2007: Rs. 1,32,90,89,56
o It shows that Bank Al Habib has an increase in Liabilities by Rs. 24433311 in one year.
o This increase is mainly due to increase in Deposits.
* Observation on Equity:
o Total Equity on 31st December, 2006: Rs. 6,52,23,92
o Total Equity on 31st December, 2007: Rs. 8,32,53,18
o It shows that Bank Al Habib has an increase in Equity by Rs. 1802926 in one year.
o This increase is mainly due to increase in Reserves.
* Revenue:
o Rs. 6,21,86,73
* Expense:
o Rs. 3,16,64,46
* Net Income:
o Rs. 2,21,13,33
* Statement of Cash Flows:
o Net cash flows from operating activities: Rs. 20,066,569
o Net cash flows from investing activities: Rs. 16,244,589
o Net cash flows from financing activities: Rs. (30,071)
ICICI
* Presentation Format
o GAAP
* Observation on Assets:
o Total assets on 31st March, 2007: Rs. 3446.58 billion
o Total assets on 31st March, 2008: Rs. 3997.95 billion
o It shows that ICICI has an increase in Assets by 16% in one year.
o This increase is mainly due to increase in Investments & advances.
* Observation on Liabilities:
o Total Liabilities on 31st March, 2007: Rs. 894.84 billion
o Total Liabilities on 31st March, 2008: Rs. 1085.43 billion
o It shows that ICICI has an increase in Liabilities by 17% in one year.
o This increase is mainly due to increase in Borrowings.
* Observation on Equity:
o Total Equity on 31st March, 2007: Rs. 2551734507
o Total Equity on 31st March, 2008: Rs. 2912512597
o It shows that ICICI has an increase in Equity by 12.3% in one year.
o This increase is mainly due to increase in Reserves.
* Revenue:
o Rs. 395991 billion
* Expense:
o Rs. 354413 billion
* Net Income:
o Rs. 51560 billion
* Statement of Cash Flows:
o Net cash flows from operating activities: Rs. 116,311,534
o Net cash flows from investing activities: Rs. 175, 611, 149
o Net cash flows from financing activities: Rs. 299,648,227
Bank of America
* Presentation Format
o GAAP
* Observation on Assets:
o Total assets on 31st December, 2006: $ 1459737 million
o Total assets on 31st December, 2007: $ 1715746 million
o It shows that Bank of America has an increase in Assets by $ 256009 million in one year.
o This increase is mainly due to increase in Loans & Leases.
* Observation on Liabilities:
o Total Liabilities on 31st December, 2006: $ 1324465 million
o Total Liabilities on 31st December, 2007: $ 1568943 million
o It shows that Bank of America has an increase in Liabilities by $ 244478 million in one year.
o This increase is mainly due to increase in Long term debt.
* Observation on Equity:
o Total Equity on 31st December, 2006: $ 135272 million
o Total Equity on 31st December, 2007: $ 146803 million
o It shows that Bank Al Habib has an increase in Equity by $ 11531 million in one year.
o This increase is mainly due to increase in retained earnings.
* Revenue:
o $ 119.19 Billion
* Expense:
o $ 104.21 Billion
* Net Income:
o $ 14.98 Billion
* Statement of Cash Flows:
o Net cash flows from operating activities: $ 11,036
o Net cash flows from investing activities: $108,430
o Net cash flows from financing activities: $ 103,412
HSBC
* Presentation Format
o IFRS
* Observation on Assets:
o Total assets on 31st December, 2006: £m 440760
o Total assets on 31st December, 2007: £m 622280
o It shows that HSBC has an increase in Assets by £m 181520 in one year.
o This increase is mainly due to increase in Trading Assets of the company.
* Observation on Liabilities:
o Total Liabilities on 31st December, 2006: £m 419822
o Total Liabilities on 31st December, 2007: £m 597281
o It shows that HSBC has an increase in Liabilities by £m 177459 in one year.
o This increase is mainly due to increase in Trading Liabilities.
* Observation on Equity:
o Total Equity on 31st December, 2006: £m 20938
o Total Equity on 31st December, 2007: £m 24999
o It shows that HSBC has an increase in Equity by £m 4061 in one year.
o This increase is mainly due to increase in reserves.
* Revenue:
o US$ 146.50 billion
* Expense:
o US$ 127.4 billion
* Net Income:
o US$ 19.1 billion
* Statement of Cash Flows:
o Net cash flows from operating activities: £m 30,330
o Net cash flows from investing activities: £m 28,342
o Net cash flows from financing activities: £m 134
BANK AL HABIB
Accounts Receivable:
* Murabaha receivable: 1,007,878,000
* Receivable from Benefit plan: 33,772,000
* Certificates of Investment : 300,000
* Repurchase agreement lendings (Reverse Repo) 3,812,429
* Total: 4,112,429
Note Receivable:
* Receivable from SBP / Government of Pakistan: 5,675,000
* Lease rentals receivable:
o Not later than one year: 200,632,000
o Later than one year but less than 5 years: 512,845,000
o Total: 713,477,000
ICICI
Account Receivable:
* Securitization, finance lease and hire purchase receivables: 105,551,409
* Receivables from :
o Subsidiaries 3,351.7
o Associates/joint ventures/other related entities: 52.5
o Total: 3,404.2
Note Receivable:
* Maturity buckets Loans & their amounts:
1 to 14 days
299.9
15 to 28 days
857.4
29 days to 3 months
107.3
3 to 6 months
415.2
6 months to 1 year
207.4
1 to 3 years
243.4
3 to 5 years
808.1
Above 5 years
222.1
Bank of America
Account Receivable:
Receivables from subsidiaries:
Bank holding companies and related subsidiaries 30,032
Nonbank companies and related subsidiaries 33,637
Note Receivable:
Loans given: (includes $4,590 measured at fair value at December 31, 2007 and $115,285 and $24,632 pledged as collateral): 876,344
Interest: 14% per annum
HSBC
Account Receivable:
Financial assets designated at fair value: 14,969
Loans and advances to banks: 60,764
Loans and advances to customers: 227,687
Receivables from non-current asset held for sale: 2 £m
Note Receivable:
Finance Lease Receivables:
Total
future
minimum
payments
£m
Unearned
finance
income
£m
Present
value
£m
Lease receivables:
- no later than one year
729
(141)
588
- later than one year and no
later than five years
2,222
(493)
1,729
- later than five years
3,502
(1,146)
2,356
6,453
(1.780)
4,673
Operating Lease Receivables:
Equipment
£m
Future minimum lease payments under non-cancellable operating leases expiring:
- no later than one year
237
- later than one year and no later than five years
670
- later than five years
199
1,106
Interest: 13% per annum
BANK AL HABIB
· Plant Assets & Depreciation
Cost/Revalued Amount
Depreciation
As at 1Jan,07
Additions/
(Deletions)/
Adjustments
As at 31Dec,07
As at 1Jan,07
Additions/
(Deletions)/
Adjustments
As at 31Dec,07
Book Value
Rate of Depreciation %
Rupees in ‘000
Owned Leasehold land
927,994
807,132
1,735,126
1,735,126
Buildings on leasehold land
1,733,661
689,148
2,408,706
121,957
80,923
201,130
2,207,576
2.00-6.67
Improvements to leasehold buildings
102,050
81,476
178,434
5,315
7,115
12,165
166,269
5
Furniture and fixtures
192,042
44,791
226,314
59,306
20,289
75,809
150,505
10
Vehicles
6,300
19,977
25,517
1,891
1,596
2,994
22,523
20
3,030,705
1,760,075
4,847,894
241,362
128,215
417,962
4,429,93
· Disposal:
Particulars
Cost
Book Value
Sale Price
Mode of Disposal
Particulars of purchaser
(Rupees in ‘000)
Furniture and Fixtures
2,507
925
373
Auction
Karachi Auction Mart, 7/C,Mai Kolachi Road, Karachi.
Gain on disposal of operating fixed assets: 20,453
· Intangible Assets:
On balance sheet:
Intangible Asset: 16490(2007) 8805(2006)
· Amortization:
Cost
Amortization
As at 1Jan,07
Additions
As at 31Dec,07
As at 1Jan,07
Charge
As at 31Dec,07
Book Value
Rate of Amortization %
Rupees in ‘000
Computer software
69,069
22,193
91,262
60,264
14,508
74,772
16,490
50
ICICI
Plant Assets & Depreciation:
1) Building
At cost as on March 31 of preceding year
20,496,202
Additions during the year
2,719,704
Deductions during the year
(272,987)
Depreciation to date
(3,326,017)
Net block
19,616,902
2) Furniture's, Fixtures & Other Assets:
At cost as on March 31 of preceding year
24,352,894
Additions during the year
5,588,730
Deductions during the year
(603,577)
Depreciation to date
(15,836,691)
Net block
13,501,356
3) Assets given on lease:
At cost as on March 31 of preceding year
18,136,532
Additions during the year
-
Deductions during the year
(57,460)
Depreciation to date, accumulated lease adjustment and provisions
(10,108,355)
Net block
7,970,717
Total Plant Assets
41,088,975
Depreciation Rate of Plant Assets:
Asset
Depreciation Rate
Premises owned by the Bank
1.63%
Improvements to leasehold premises
1.63% or over the lease period,
whichever is higher
ATMs
12.50%
Plant and machinery like air conditioners, photo-copying machines, etc.
10.00%
Computers
33.33%
Card acceptance devices
12.50%
Furniture and fixtures
15.00%
Motor vehicles
20.00%
Others (including Software and system development expenses)
25.00%
Intangible Assets & Amortization:
Intangible asset includes Software acquired by the bank. The movement in software as on March 31, 2008 is given below:
At cost as on March 31st of preceding year
3,216.4
Additions during the year
1,235.4
Deductions during the year.
(3.0)
AMORTIZATION to date
(2,847.4)
Net block
1,601.4
Bank of America
Plant Asset & Depreciation:
Premises and equipment are stated at cost less accumulated depreciation. Depreciation is recognized using the straight-line method over the estimated useful lives of the assets. Estimated lives range up to 40 years for buildings, up to 12 years for furniture and equipment, and the shorter of lease term or estimated useful life for leasehold improvements.
Premises & Equipment
12408
Less: Accumulated Depreciation
(1168)
Premises & Equipment: Net
11240
Intangible Asset & Amortization:
At December 31, 2007, intangible assets included on the Consolidated Balance Sheet consist of purchased credit card relationship intangibles, core deposit intangibles, affinity relationships, and other intangibles that are amortized on an accelerated or straight-line basis over anticipated periods of benefit of up to 15 years.
Intangible Asset
11972
Less: Amortization
(1676)
Intangible Asset: Net
10296
HSBC
Plant Asset & Depreciation:
Freehold
land and
Buildings
£m
Long
leasehold
land and
buildings
£m
Short
leasehold
land and
buildings
£m
Equipment,
fixtures
and fittings
£m
Equipment
on
operating
leases
£m
Total
£m
Cost or fair value
At 1 January 2007
966
362
275
2657
3004
7264
Additions at cost
104
3
84
321
66
578
Acquisition of subsidiaries
49
-
-
1
-
50
Fair value adjustments
13
-
-
-
-
13
Disposals
(257)
(320)
(12)
(135)
(65)
(789)
Transfers
-
-
4
(1)
-
3
Exchange translation
differences
55
-
4
69
-
128
Other changes
(6)
-
2
(9)
-
(13)
At 31 December 2007
924
45
357
2903
3005
7234
Accumulated Depreciation
At 1 January 2007
(97)
(27)
(150)
(1656)
(926)
(2856)
Depreciation charge for the
year
(22)
(3)
(22)
(281)
(100)
(428)
Disposals
48
15
8
76
58
205
Transfers
-
-
(2)
-
-
(2)
Impairment losses recognized
-
-
-
-
-
-
Impairment losses reversed
6
-
-
-
-
6
Exchange translation
differences
(4)
-
(2)
(39)
-
(45)
Other changes
(6)
-
(1)
12
-
5
At 31 December 2007
(75)
(15)
(169)
(1888)
(968)
(3115)
Net book value at 31 December 2007
849
30
188
1015
2037
4119
Intangible Asset & Amortization:
Trade Names
£m
Internally generated software
£m
Purchased Software
£m
Customer Relationships
£m
Other
£m
Total
£m
Cost
At 1 January 2007
13
675
58
244
17
1007
Additions
-
103
15
-
4
122
Disposals
-
-
(2)
-
-
(2)
Exchange translation
differences
2
9
7
69
-
128
Other changes
-
1
-
(40)
(10)
(49)
At 31 December 2007
15
788
78
204
12
1097
Accumulated Amortization
At 1 January 2007
(5)
(441)
(38)
(73)
(1)
(588)
Amortization charge for the
year
(1)
(75)
(12)
(19)
(1)
(108)
Impairment charge for the year
-
(1)
-
-
-
(1)
Disposals
-
-
3
-
-
3
Exchange translation
differences
(1)
(9)
(4)
-
-
(14)
Other changes
-
-
-
40
-
40
At 31 December 2007
(7)
(526)
(51)
(52)
(2)
(638)
Net book value at 31 December 2007
8
262
27
152
10
459
BANK AL HABIB
Current Liabilities:
Bills payable
2,394,482
Borrowings
9,826,525
Deposits and other accounts
114,818,855
Sub-ordinated loans
2,848,080
Liabilities against assets subject to finance lease
642,369
Deferred tax liabilities
559,646
Mark-up / return / interest payable in local currency
520,700
Mark-up / return / interest payable in foreign currencies
101,408
Accrued expenses
56,056
Advance payments
128,751
Taxation (Provision less payments)
43,951
Unclaimed dividends
18,569
Special exporters' accounts in foreign currencies
37,046
Unearned income
10,299
Others
424,699
Long Term Liabilities:
Borrowing from SBP under Long term financing for export Orientated Projects: 1,452,489
Leasing:
Leases where the Bank assumes substantially all the risks and rewards of ownership are classified as finance leases. Assets subject to finance lease are accounted for by recording the assets and related liability. These are stated at lower of fair value and the present value of minimum lease payments at the inception of lease less accumulated depreciation. Financial charges are allocated over the period of lease term so as to provide a constant periodic rate of financial charge on the outstanding liability. Depreciation is charged on the basis similar to the owned assets.
Adjustment for Financial charges on leased assets: 85,613
Payments of lease obligations: (404,847)
Net investment in finance lease In Pakistan: 639, 85
Cost/Revalued Amount
Depreciation
As at 1Jan,07
Additions/
(Deletions)/
Adjustments
As at 31Dec,07
As at 1Jan,07
Additions/
(Deletions)/
Adjustments
As at 31Dec,07
Book Value
Rate of Depreciation %
Rupees in ‘000
Owned Leasehold land
927,994
807,132
1,735,126
1,735,126
Buildings on leasehold land
1,733,661
689,148
2,408,706
121,957
80,923
201,130
2,207,576
2.00-6.67
Improvements to leasehold buildings
102,050
81,476
178,434
5,315
7,115
12,165
166,269
5
ICICI
Current Liabilities:
I. Bills payable
29,007,972
II. Inter-office adjustments (net)
4,293,542
III. Interest accrued
25,968,705
IV. Unsecured redeemable / perpetual debentures / bonds [Subordinated debt
included in Tier I and Tier II Capital]
207,501,787
V. Others
a) Security deposits from clients
15,197,638
b) Sundry creditors
74,101,312
c) Received for disbursements under special program
2,034,281
d) Provision for standard assets
14,550,250
e) Other liabilities
56,298,340
Long-Term Liabilities:
Borrowings in India: 109,832,187
Borrowings outside India: 546,652,151
Leasing:
Lease income decreased by 8.8% to Rs. 2.17 billion in fiscal 2008 from Rs. 2.38 billion in fiscal 2007 primarily due to decrease in leased assets to Rs. 7.97 billion at year-end fiscal 2008 compared to Rs. 10.03 billion at year-end fiscal 2007, since the Bank is not entering into new lease transactions.
* Lease Income during 2008: 2.17 billion
* Lease depreciation, net of lease equalization: 1.82
* Fixed Leased assets: 41.09 billion
* Assets given on Lease:
At cost as on March 31 of preceding year
18,136,532
Deductions during the year
(57,460)
Depreciation to date, accumulated lease adjustment and provisions
(10,108,355)
Net block
7,970,717
Bank of America
Current Liabilities:
Deposits in domestic offices:
Noninterest-bearing
188,466
Interest-bearing
501,882
Deposits in foreign offices:
Noninterest-bearing
3,761
Interest-bearing
111,068
Total deposits
805,177
Federal funds purchased and securities sold under agreements to repurchase
221,435
Trading account liabilities
77,342
Derivative liabilities
22,423
Commercial paper and other short-term borrowings
191,089
Accrued expenses and other liabilities (includes $660 measured at fair value at December 31,
53,969
Long-Term Liabilities:
Long-term debt: 197,508
Leasing:
Leased Assets: 876,344
Allowance for leased assets: (11,588)
Leased Assets, net of allowance: 864,756
HSBC
Current Liabilities:
Deposits by banks
48,786
Customer accounts
268,269
Items in the course of transmission to other banks
1,975
Trading liabilities
117,454
Financial liabilities designated at fair value
15,659
Derivatives
61,539
Debt securities in issue
50,921
Other liabilities
6,843
Current tax liabilities
467
Accruals and deferred income
6,509
Provisions
427
Deferred tax liabilities
302
Subordinated liabilities
5,205
Long Term Liabilities:
Retirement benefit liabilities
674
Liabilities under insurance contracts issued
12,251
Leasing:
The group's freehold and long leasehold properties were valued in 2007. The value of these properties was £284 million in excess of their carrying amount in the consolidated balance sheet.
When the group is a lessor under finance leases the amounts due under the leases, after deduction of unearned charges, are included in ‘Loans and advances to banks' or ‘Loans and advances to customers' as appropriate.
When the group is a lessee under finance leases the leased assets are capitalized and included in ‘Property, plant and equipment' and the corresponding liability to the lessor is included in ‘Other liabilities'.
* Large Leasehold Land & Buildings: 45 £m
* Short Leasehold Land & Buildings: 357 £m
* Equipment on Operating Leases: 3005 £m
BANK AL HABIB
Cash Flow from Operating Activities
Profit before taxation
3,052,227
Dividend income
(31,321)
3020906
Adjustments for:
Depreciation
338,707
Amortisation
52,587
Provision against non-performing loans and advances
92,687
Provision for diminution in the value of investment
579
Gain on disposal of operating fixed assets
(20,453)
Financial charges on leased assets
85,613
Charge for compensated absences
54,102
603822
3624728
Decrease / (Increase) in Operating Assets:
Lendings to financial institutions
2,466,371
Advances
(8,521,106)
Other assets (excluding advance taxation)
(333,771)
(6,388,506)
Increase / (Decrease) in Operating Liabilities
Bills Payable
1003869
Borrowings
(962,029)
Deposits
23,398,892
Other Liabilities
759,485
24,200,217
21,436,439
Income tax paid
(1,369,870)
Net cash flows from operating activities
20,066,569
Cash Flow from Investing Activities
Net investments
(14,290,756)
Dividend received
31,919
Investments in operating fixed assets
(2,014,156)
Sale proceeds of property and equipment disposed-off
28,404
Net cash flows from investing activities
(16,244,589)
Cash Flow from Financing Activities
Sub-ordinated loans
760,160
Payments of lease obligations
(404,847)
Dividend paid
(388,505)
Exchange differences on translation of
net investment in foreign branch
3,121
Net cash flows from financing activities
(30,071)
Increase in cash and cash equivalents
3,791,909
Cash and cash equivalents at the beginning of the year
10,579,333
Cash and cash equivalents at the end of the year
14,371,242
Cash Payments for operating Expenses:
Decrease / (Increase) in Operating Assets:
Lendings to financial institutions
2,466,371
Advances
(8,521,106)
Other assets (excluding advance taxation)
(333,771)
(6,388,506)
Increase / (Decrease) in Operating Liabilities
Bills Payable
1003869
Borrowings
(962,029)
Deposits
23,398,892
Other Liabilities
759,485
24,200,217
Relationship between Statement of Cash flows & Balance sheet:
On balance sheet:
Cash and balances with treasury banks
13,766,500
Balances with other banks
604,742
Total
14,371,242
On Statement of Cash flows;
Increase in cash and cash equivalents
3,791,909
Cash and cash equivalents at the beginning of the year
10,579,333
Cash and cash equivalents at the end of the year
14,371,242
ICICI
Cash flow from operating activities
Net profit before taxes
50,560,977
Adjustments for:
Depreciation and amortization
7,711,011
Net (appreciation) / depreciation on investments
10,279,608
Provision in respect of non-performing assets
(including prudential provision on standard assets)
27,009,924
Provision for contingencies & others
1,413,354
Income from subsidiaries, joint ventures and consolidated entities
(12,783,599)
(Profit) / Loss on sale of fixed assets
(656,069)
83,535,206
Adjustments for:
(Increase) / decrease in investments
(25,015,908)
(Increase) / decrease in advances
(320,850,355)
Increase / (decrease) in borrowings
43,122,293
Increase / (decrease) in deposits
126,079,339
(Increase) / decrease in other assets
(27,149,533)
Increase / (decrease) in other liabilities and provisions
22,330,716
(181,483,448)
Refund / (payment) of direct taxes
(18,363,292)
Net cash generated from operating activities
(116,311,534)
Cash flow from investing activities
Investments in subsidiaries and/or joint ventures
(44,379,917)
Income from subsidiaries, joint ventures and consolidated entities
12,783,799
Purchase of fixed assets
(9,592,487)
Proceeds from sale of fixed assets
1,064,035
(Purchase) / sale of held to maturity securities
(135,486,579)
Net cash generated from investing activities
(175,611,149)
Cash flow from financing activities
Proceeds from issue of share capital
(including ESOPs) net of issue expenses
197,897,060
Net proceeds / (repayment) of bonds (including subordinated debt)
112,316,167
Dividend and dividend tax paid
(10,565,000)
Net cash generated from financing activities
299,648,227
Effect of exchange fluctuation on translation reserve
(890,065)
Net cash and cash equivalents taken over from Sangli Bank Limited on amalgamation
2,362,563
Net increase / (decrease) in cash and cash equivalents
9,198,042
Cash and cash equivalents as at April 1
371,213,247
Cash and cash equivalents as at March 31
380,411,289
Relationship between Statement of Cash flows & Balance sheet:
On balance sheet:
Cash and balances with Reserve Bank of India
293,775,337
Balances with other banks
86,635,952
Total
380,411,289
On Statement of Cash Flow:
Net increase / (decrease) in cash and cash equivalents
9,198,042
Cash and cash equivalents as at April 1
371,213,247
Cash and cash equivalents as at March 31
380,411,289
Bank of America
Operating activities
Net income
$ 14,982
Reconciliation of net income to net cash provided by (used in) operating activities:
Provision for credit losses
8,385
(Gains) losses on sales of debt securities
(180)
Depreciation and premises improvements amortization
1,168
Amortization of intangibles
1,676
Deferred income tax (benefit) expense
(753)
Net increase in trading and derivative instruments
(8,108)
Net increase in other assets
(15,855)
Net increase (decrease) in accrued expenses and other liabilities
4,190
Other operating activities, net
5,531
Net cash provided by (used in) operating activities
11,036
Investing activities
Net (increase) decrease in time deposits placed and other short-term investments
2,191
Net (increase) decrease in federal funds sold and securities purchased under agreements to resell
6,294
Proceeds from sales of available-for-sale debt securities 28,107
Proceeds from paydowns and maturities of available-for-sale debt securities
19,233
Purchases of available-for-sale debt securities
(28,016)
Proceeds from maturities of held-to-maturity debt securities
630
Purchases of held-to-maturity debt securities
(314)
Proceeds from sales of loans and leases
57,875
Other changes in loans and leases, net
(177,665)
Net purchases of premises and equipment
(2,143)
Proceeds from sales of foreclosed properties
104
(Acquisition) divestiture of business activities, net
(19,816)
Other investing activities, net
5,040
Net cash used in investing activities
(108,480)
Financing activities
Net increase in deposits
45,368
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase
(1,448)
Net increase in commercial paper and other short-term borrowings
32,840
Proceeds from issuance of long-term debt
67,370
Retirement of long-term debt
(28,942)
Proceeds from issuance of preferred stock
1,558
Redemption of preferred stock
(270)
Proceeds from issuance of common stock
1,118
Common stock repurchased
(3,790)
Cash dividends paid
(10,878)
Excess tax benefits of share-based payments
254
Other financing activities, net
(38)
Net cash provided by financing activities
103,412
Effect of exchange rate changes on cash and cash equivalents
134
Net increase (decrease) in cash and cash equivalents
6,102
Cash and cash equivalents at January 1
36,429
Cash and cash equivalents at December 31
42,531
Relationship between Statement of Cash flows & Balance sheet:
On balance sheet:
Cash & Cash Equivalents
42531
On Statement of Cash Flows:
Net increase (decrease) in cash and cash equivalents
6,102
Cash and cash equivalents at January 1
36,429
Cash and cash equivalents at December 31
42,531
HSBC
Cash flows from operating activities
Profit before tax
4,081
Adjustments for:
- non-cash items included in profit before tax
2,023
- change in operating assets
(56,617)
- change in operating liabilities
83,551
- elimination of exchange differences
(1,792)
- net gain from investing activities
(552)
- share of (profits)/ losses in associates and joint ventures
(47)
- distributions from/ (to) associates
7
- contributions paid for defined benefit pension schemes
548
- tax paid
(872)
Net cash from operating activities
30,330
Cash flows used in investing activities
Purchase of financial investments
(71,980)
Proceeds from the sale of financial investments
43,217
Purchase of property, plant and equipment
(578)
Proceeds from the sale of property, plant and equipment
67
Purchase of goodwill and intangible assets
(123)
Net cash outflow from acquisition of and increase in stake of subsidiaries
9
Net cash outflow from acquisition of and increase in stake of associates
(118)
Proceeds from disposal of associates
982
Purchases of HSBC Holdings plc shares to satisfy share based payment transactions
182
Net cash used in investing activities
(28,342)
Cash flows used in financing activities
Issue of share capital
1,510
Subordinated loan capital issued
59
Subordinated loan capital repaid
10
Dividends paid to shareholders
(1,706)
Dividends paid to minority interests
(7)
Net cash used in financing activities
(134)
Net increase in cash and cash equivalents
1,854
Cash and cash equivalents at 1 January
46,721
Effect of exchange rate changes on cash and cash equivalents
2,660
Cash and cash equivalents at 31 December
51,235
Relationship between Statement of Cash flows & Balance sheet:
On balance sheet:
Cash and balances at central banks
7,146
Items in the course of collection from other banks
2,434
Loans and advances to banks of one month or less
37,751
Treasury bills, other bills and certificates of deposit less than three months
5,879
Less: items in the course of transmission to other banks
(1,975)
Total cash and cash equivalents
51,235
On Statement of Cash Flows:
Net increase in cash and cash equivalents
1,854
Cash and cash equivalents at 1 January
46,721
Effect of exchange rate changes on cash and cash equivalents
2,660
Cash and cash equivalents at 31 December
51,235
Annexure
* https://www.bankalhabib.com/financialReport.php
* https://media.corporate-ir.net/media_files/irol/71/71595/reports/2007_AR/index.html
* https://www.hsbc.co.uk/1/2/about/financial-reports;jsessionid=0000FBt0LmZBzwcy4AXTKWr0BPP:12ntf1ep0
* https://www.icicibank.com/pfsuser/aboutus/investorelations/annualreport/icicibank/annualreport.htm
* https://en.wikipedia.org/wiki/Bank_AL_Habib
* https://en.wikipedia.org/wiki/ICICI
* https://en.wikipedia.org/wiki/Bank_of_america
* https://en.wikipedia.org/wiki/HSBC
* https://www.bankofamerica.com/index.jsp
Cite this page
Bank Al Habib. (2017, Jun 26).
Retrieved November 21, 2024 , from
https://studydriver.com/bank-al-habib/
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