NOTES TOWARDS THE RECORDS FOR THE ENDED JUNE 30, 2003
3 year. MONEY AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS REPORTS IS ATTAINED 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 a year on mark-up basis and so 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 along with other institutions that are financial. Return on these placements ranges from 5% to 13per cent.
5. OPPORTUNITIES through the current 12 months, the organization offered four federal federal government securities for Rs 182.288 million. http://www.installmentloansonline.org The cost that is amortised of federal federal government securities ended up being Rs 159.394 million in addition to profit in the disposal among these securities amounted to Rs 22.894 million.
The management made a decision to offer these securities to be able to realise the gain arising on these securities beneath the reduced rate of interest environment.
As at June 30, 2003 the staying investment of this business in federal government securities amounted to Rs 52.634 million.
This investment has now been reclassified as ‘held for trading’ and it is measured at reasonable value. A gain of Rs 12.946 million happens to be credited to your revenue and loss account in respect with this investment. There aren’t any assets that are financial as ‘held to maturity’ 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 percent
7. IMPROVEMENTS, BUILD UP, PREPAYMENTS ALONGSIDE RECEIVABLES 7.1. The utmost aggregate amount due through the executive that is chief professionals at the conclusion 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. (more…)