RECORDS INTO THE RECORDS FOR THE ENDED JUNE 30, 2003
3 year. CASH AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS REPORTS IS ATTAINED AT RATES INCLUDING 2 percent TO 5 per cent
4. SHORT-TERM LOANS 4.1. These express loans to clients 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 21.5per cent per year.
4.2. These generally include cash market placements with different banking institutions as well as other finance institutions. Return on these placements ranges from 5% to 13per cent.
5. OPPORTUNITIES through the present 12 months, the business offered four federal federal government securities for Rs 182.288 million. The amortised price of these federal government securities ended up being Rs 159.394 million plus the revenue from the disposal of those securities amounted to Rs 22.894 million.
The administration made a decision to offer these securities to be able to realise the gain arising on these securities beneath the interest rate environment that is reduced.
As at June 30, 2003 the staying investment for the business in federal federal government securities amounted to Rs 52.634 million.
This investment has been reclassified as ‘held for trading’ and it is calculated at reasonable value. An increase of Rs 12.946 million happens to be credited into the loss and profit account in respect with this investment. There are not any assets that are financial as ‘held to readiness’ at June 30, 2003.
5.1. INFORMATION ON ASSETS IN SHARES/CERTIFICATES OF LISTED COMPANIES/MODARABAS 6. THE RETURN ON INDEXED TERM FINANCE CERTIFICATES RANGES FROM 12 percent TO 18 per cent