Schedule: The Second Schedule [See section 34] (Form A -- Form of Balance-Sheet; Form B -- Form of Profit and Loss Account)

(See section 34) FORM A Form of Balance-Sheet Capital and Liabilities Property and Assets Rs. Ps. Rs. Ps. Rs. Ps. Rs. Ps. ---- 1. CAPITAL : (a) 1. CASH : Authorised Capital............share of ---- Rs.........each............................. ---- In hand with State Bank and National Bank of ---- Issued Capital ............. share of ---- Pakistan (including foreign currency notes) Rs.................................each ---- 2. BALANCES WITH OTHER BANKS Subscribed Capital..................share of ---- Rs....................... each ................... ---- (showing whether on deposit or current Amount called up at Rs............ per share account): .................................................... (i) In Pakistan .. .. .. .. Less calls un-paid .. .. .. .. (ii) Outside Pakistan .. .. .. .. ---- Add forfeited shares .. .. .. 3. MONEY AT CALL AND SHORT NOTICE RESERVE FUND AND OTHER RESERVES 2. 4. INVESTMENTS (stating mode of valuation, e.g., cost or market value) : (d) (i) Securties of the 1[Federal] and Provincial Governments and other Trustee Securities, including Treasury Bills of the 1[Federal] and Provincial Governments. 1Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 23, for "Central" 3. DEPOSITS AND OTHER ACCOUNTS : ---- (ii) Shares (classifying into preference, ordinary, Fixed Deposits........ ---- deferred and other classes of shares and showing separately share fully paid-up and partly paid-up) Savings Bank Deposits...... Current Accounts, Contingency Accounts, (iii) Debentures or Bonds .. .. .. .. etc. .. .. .. .. .. ---- (iv) Other investments (to be classified under ---- ---- proper heads) .. .. .. .. (v) Gold .. .. .. .. 4. BORROWINGS FROM OTHER BANKING ---- ---- 5 ADVANCES : (Other than bad and doubtfull COMPANIES,AGENTS ETC: debts for which provision has been made to the ---- ---- satisfaction of the auditors) (i) In Pakistan .. .. .. .. ---- (ii) Outside Pakistan .. .. .. (I) Loans, Cash Credits, Overdrafts, etc. Particulars : (i) Secured (stating the nature of securities) (i) In Pakistan .. .. .. .. (ii) Unsecured .. .. .. .. (ii) Outside Pakistan .. .. .. .. 5. BILLS PAYABLE .. .. .. (II) Bills Discounted and purchased: 6. BILLS FOR COLLECTION BEING BILLS ---- (excluding Treasury Bills of the RECEIVABLE AS PER CONTRA: 1[Federal] and Provincial Governments) : (i) Payable in Pakistan .. .. (i) Payable in Pakistan . . . . (ii) Payable outside Pakistan .. .. (ii) Payable outside Pakistan .. .. 1Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 23, for "Central" 7. OTHER LIABILITIES : (b) ---- Particulars of ADVANCES : ---- (i) Debts considered good in respect of which 8. ACCEPTANCES, ENDORSEMENTS AND ---- OTHER OBLIGATIONS PER CONTRA: ---- the banking company is fully secured.. .. .. 9. PROFIT AND LOSS: (ii) Debts considered good for which the banking Profit as per last balance sheet.. .. .. company holds no other security than the Less appropriations.. .. .. .. .. debtors' personal security. Add profit for the year brought from the Profit ---- & Loss Account .. ... .. .. (iii)Debts considered good secured by the personal liabilities of one or more parties in 10. CONTINGENT LIABILITIES : (c) addition to the personal security of the debtors.. .. .. (iv)Debts considered doubtful or bad, not provided for .. .. .. .. . . (v) Debts due by directors or officers of the banking company or any of them either severally or jointly with any other persons.. .. (vi) Debts due by companies or firms in which the directors of the banking company are interested as directors, partners or managing agents or in the case of private companies, as members. (vii)Maximum total amount of advances, including temporary advances made at any time during the year to directors or managers or officers of the banking company or any of them either severally or jointly with any other persons :(e) (viii)Maximum total amount of advances, including temporary advances granted during the year to the companies or firms in, which the directors of the banking company are interested as directors, partners or managing agents or, in the case of private companies, as members : (e) (ix) Due from banking companies .. 6. BILLS RECEIVABLE BEING BILLS FOR COLLECTION AS PER CONTRA: (I) Payable in Pakistan .. .. .. (ii) Payable outside Pakistan .. .. .. 7. CONSTITUENTS' LIABILITIES ---- ---- FOR ---- ACCEPTANCES, ENDORSEMENTS AND ---- OTHER OBLIGATIONS PER CONTRA: 8. PREMISES LESS DEPRECIATION : (f) 9. FURNITURE AND FIXTURES LESS ---- DEPRECIATION : (f) ---- ---- 10. OTHER ASSETS, INCLUDING SILVER (to be specified) : (g) .. .. .. . .. .. .. .. .. .. . .. .. .. .. ..... 11. NONBANKING ASSETS ACQUIRED IN SATISFACTION OF CLAIMS (stating mode of valuation) : (h) .. .. .. .. .. .. . .. .. .. .. .. .. . .. 12. PROFIT AND LOSS .. .. .. . .. .. .. .. .. .. . .. .. .. .. .. Total .. _____ _____ Total .. NOTES (a) capital.--(i) the various classes of capital, if any, should be distinguished. (ii) Shares issued as fully paid-up pursuant to any contract without payments being received in cash should be stated separately. (iii) Where circumstances permit, issued and subscribed capital and amount called up may be shown, as one item, e.g., Issued and Subscribed Capital .......................................... Shares of Rs. ................................... paid-up. (iv) In the case of banking companies incorporated outside Pakistan the amount of deposit kept with the State Bank of Pakistan under subsection (3) of sec tion 13 of the Banking Companies Ordinance, 1962, should be shown under this head the amount, however, should not be extended to the outer column. (b) Under this heading may be included such items as the following: pension or insurance funds, unclaimed dividends, advance payments and unexpired dis counts, liabilities to subsidiary companies and any other liabilities. (c) These should be classified under the following categories :-- (i) Claims against the banking company not acknowledged as debts. (ii) Money for which the banking company is contingently liable showing separately the amount of any guarantee given by the banking company on behalf of directors or officers. (iii) Arrears of cumulative preference dividends. (iv) Liability on Bills of Exchange rediscounted. (v) Liability on account of outstanding Forward Exchange Contracts. (d) Where the value of the investments shown in the outer column of the balance sheet is higher than the market value, the market value shall be shown separate ly in brackets. (e) Maximum total outstanding balance in all such accounts as a unit on any day during the year should be given under this heading. (f) Premises wholly or partially occupied by the banking company for the purposes of business should be shown against "Premises less depreciation". In the case of fixed capital expenditure, the original cost, and additions thereto and deductions therefrom during the year should be stated, as also the total depreciation written off. Where sums have been written off on a reduction of capital or revaluation of assets, every balance sheet after the first balance sheet subsequent to the reduction or revaluation should show the reduced figures with the date and amount of the reduction made. Furniture, fixtures and other assets which have been completely written off need not be shown in the balance sheet. (g) Under this heading may be included such items as the following, which must be shown under headings suitably described preliminary, formation and organ isation expenses, development expenditure, commission and brokerage on shares, interest accrued on investments but not collected, investments in shares of subsidiary companies and any other assets. (h) Value shown shall not exceed the market value and in cases where the market value is not ascertainable, the estimated realisable value. General Instructions.--The corresponding figures (to the nearest rupee, if so desired) for the year, immediately preceding the year to which the profit and loss account relates should be shown in separate columns. FORM B December, FORM OF PROFIT AND LOSS ACCOUNT Profit and Loss Account for the year ended Expenditure INCOME* (LESS PROVISIONS MADE DURING THE YEAR FOR BAD & DOUBTFUL 1[1. DEBTS AND OTHER USUAL OR NECESSARY PROVISIONS) Interest on deposits, borrowing etc. and or Rs. Ps. Rs. Ps. *Return]. 2[1. Interest and Discount and or Return *] .. .. .. .. .. 2. Salaries and Allowances and provident Fund (showing separately salaries and 2. Commission, Exchange and Brokerage .. .. .. .. .. allowances to managing director, manager or chief executive officer) .. .. .. .. 3. Rents .. .. .. .. .. .. .. .. .. 3. Directors' and Local Committee Members' fees and 4. Net profit on sale of investments, gold and silver, land, allowances .. .. .. .. .. premises and other assets (not credited to Reserves or any particular Fund or Account) . . 4. Rent, Taxes, Insurance, Lighting, etc. .. .. .. .. 5. Net profit on revaluation of investments, gold and silver, land, 5. Law Charges .. .. .. .. .. .. .. .. .. .. premises and other assets (not credited to Reserves or any particular Fund or Account) .. .. .. .. .. .. 6. Postage, Telegrams and Stamps .. .. .. .. .. .. 6. Income from nonbanking assets, and profit from sale of or dealing with such assets .. .. 7. Auditors' Fees .. .. .. .. .. .. 7. Other receipts .. .. .. .. .. .. .. .. 8. Depreciation on and repairs to the banking company's Property .. .. .. .. .. .. .. .. .. 8. Loss (if any) .. .. .. .. .. .. .. .. .. 9. Stationery, Printing, Advertisement, etc, .. .. .. .. ______ Total . . ______ 10. Loss from sale of or dealing with nonbanking assets .. .. .. 11. Other Expenditure .. .. .. .. .. .. .. .. 12 Balance of Profit .. .. .. .. .. .. .. Total . . ______ * Net loss on sale or revaluation of investments, gold and silver, land premises and other assets, if any, may be deducted from income. * 'Return' means income from, or as case may be, paid on, noninterest bearing accounts. 1Subs. by the Notifin. No. BCD. 2/81, dt. 13-12-1981,for "1. Interest paid on deposits, borrowings etc.", See Gaz. of P.. Ext., Pt.I11, dt. 19-12-1981, P.446. 2Subs. ibid., for "1. Interest and Discount".

Effective date: 1962-06-07

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