Bank Al Habib - Free Essay Example

Sample details Pages: 15 Words: 4412 Downloads: 8 Date added: 2017/06/26 Category Statistics Essay Did you like this example? 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: Don’t waste time! Our writers will create an original "Bank Al Habib" essay for you Create order 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. * 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) Furnitures, 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 groups 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

Sample Resume Business Administration - 1458 Words

SCHOOL OF BUSINESS ADMINISTRATION ASSOCIATE OF BUSINESS ADMINISTRATION Assessment: Assignment Semester: Fall 2015 - 2016 Course Code: BUS203 Course Title: Introduction to Macroeconomics Section: E Student Name : Hamed Mohammed ID : ABA1321744 GDP (Gross Domestic Product) GNP ( Gross National Product), the first one means an estimated value of the total worth of a country production and services, within boundary , by the national and foreigners, calculated over the year while the late one means an estimated value of the total worth of production and services by the citizens of the country on inside the country and on over board also calculated over the course of the year. The key difference between them that the GDP is domestic, it has the total of production and services but by the nationals and foreigners together so the outsiders who is working inside the country are contributing with this calculations but the GNP is national and it means only the people who has the nationality of this country where ever they are working and making income. GDP is used inside the formula of the GNP and the formulas are, GDP = consumption + investment + government spending + (exports - imports) while the GNP = GDP + NR – NP. Notice that (NR = net income receipts, NP = net payment). GDP allow us to see the strength of the local income but GNP allow us to see how the people holding the nationality of a country are doing inShow MoreRelatedSample Resume : Business Administration Essay3099 Words   |  13 PagesPARTIAL FULFILLMENT OF UNDER GRADUATE DEGREE IN BUSINESS ADMINISTRATION SUBMITTED BY: KHUSHBOO PURI BBA(GENERAL) 2012-2015 ROLL NO. 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Statutory Interpretation Adopted by Tracey J-Myassignmenthelp

Questions: 1.Examine and discuss the reasons of Tracey J for his decision and the implications of this case in relation to valid visa applications. 2.Explain and discuss the principles of statutory interpretation adopted by Tracey J (if any) in reaching his conclusion. Answers: 1.The case was related to the appropriate construction of the provisions of the Migration Act 1958 along with the Migration regulations 1994. In this case a skilled visa Class VC had been applied for by the appellant before the Department if immigration. According to provisions of MA and the MR the application had to be made within 15th march 2010. The reasons behind this were that the only substantive visa which she had was subjected to expire on the particular day. According to Section 48(1) of the MA and the regulations 2.12 of the MR a non citizen was not allowed to make an application for a skilled visa if they did not held any substantive visa. According to the regulations the application could be made by through couriered delivery, prepaid post and the internet[1]. The appellant was not able to transit the application even after visiting the department of migration because of some technical issues. A further attempt had been made by the appellant to make the application. The first attempt was stamped at 5:01 15th march and 5:24 15th march respectively. The officer missed out on such electronic transaction and a manual stamp dated 16th mach was made the next morning. It was reported to the appellant that her application is not valid on 10th April as her application was a day late and the application was made by facsimile transaction which was not allowed by the MR. the federal court upheld the decision of the minister in this case and the five separate grounds of review directly and indirectly turned towards the construction of item 1229(3) of the MR[2]. the finding of the court was based on the fact that any of the prescribed methods had not been used by the appeal to file the applications as provided in the MR. giving plain meaning to the text of the legislation it had been found by the federal magistrate that the visa application was not according to the rules of the legislations and the ministers had the right to reject it. An appeal had been made by the person against the decision of the federal court on five grounds. Firstly the construction of 1229(3) of the MR. secondly, error by the magistrate in findings related to Fang v Minister for Immigration[3]andOnea v Minister for Immigration(1997). Thirdly the magistrate erred that the parliaments intention was clear abundantly. Fourthly, the magistrate erred in the finding that the difficulty which was faced by the appellant was intentional on the part of the appellant. Finally, the issue which arose in relation to the date of receipt of the application in the Adelaide office of the Department of immigration. These five grounds were merely the issues which have been identified, the main reason for the appeal was related to the meaning of item 1229(3)(a) ofSchedule1to theMR. Tracey J found decided the case based on the following reasons. It was held according to the opinion of the court that a reading related to 1229(3) of the MR makes it clear that the only why in which one could obtain the particular class of visa if an application is made for such visa with respect to form 866[4]. And where there is any limitation to the application where it does not meet the criteria the minister have the power not to accept it. The conclusion of the court was supported by the note provided in the MR which stated that specific ways in which a non citizen can make an application for a visa are specified in the schedule and any application which is not made in accordance to the schedule would not be made available for consideration. Further it was held by the court that the nature of the statutory provision is such that anything less than the application of the visa through form 866 cannot be considered as an application. The statue provides no room for anything such a s substantial compliance or constructive application by falling short on the use of the form. It was further held by Tracey J that the requirement which was set by the statue in relation to form 866 was not a mere procedural requirement but was a substantial requirement. Further an attempt was made by the appellant to distinguish the cases of Onea and Fang based on the fact that neither case were related to the form of lodgment. The attempt was also disregarded by the court stating that the court required an approach to contrast item 1229 (3) in the same way provisions equal to sub item have been approached and as already noted before Onea and Fang considered rules which were same as item 1229(I). it was thus found by Tracy J that the federal magistrate was correct in its findings and the appeal had to be dismissed with costs. The case clearly implies that in order to make a valid visa application in Australia the application has to be made very strictly according to the provisions of the legislations without any alterations. 2.The principle of statutory interpretation which was used by Tracey J was the literal rule of statutory interpretation. According to the rule it is the duty of the court to provide plain and dictionary meaning to the provisions of legislations it the legislation and clearly and abundantly bringing out the intention of the parliament. This system of Interpretation is the most common form of interpretation which is used by the court when there is no ambiguity in relation to the provisions as it was determined by both the federal court and the court of appeal. The system of interpretation is very useful in bringing out the intention of the legislature and without indulging in judicial activism. The principle in this case would unsure that there is no confusion in relation to the process of making a visa application in Australia and all applications which are not made in accordance to the legislations have to be deemed invalid. References Fang v Minister for Immigration(1996) 64 FCR 245 Migration Act 1958 Migration regulations 1994 Muradzi v Minister for Immigration and Citizenship [2011] FCA 976 Onea v Minister for Immigration(1997) Migration Act 1958 Migration Regulations 1994 (1996) 64 FCR 245 Muradzi v Minister for Immigration and Citizenship [2011] FCA 976