RECORDS TOWARDS THE RECORDS FOR THE ENDED JUNE 30, 2003
3 year. MONEY AND BANK BALANCES 3.1. RETURN ON THESE SAVINGS REPORTS IS GAINED AT RATES INCLUDING 2 percent TO 5 percent
4. SHORT-TERM LOANS 4.1. These express loans to clients for a time period of as much as 12 months on mark-up basis and they 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. Included in these are cash market placements with different banking institutions as well as other finance institutions. Return on these placements ranges from 5% to 13percent.
5. ASSETS throughout the current 12 months, the business offered four government securities for Rs 182.288 million. The amortised cost of these federal federal federal government securities had been Rs 159.394 million additionally the revenue in the disposal of the securities amounted to Rs 22.894 million.
The administration chose 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 remaining investment regarding the company in 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 towards the loss and profit account in respect of the investment. There are not any assets that are financial as ‘held to readiness’ at June 30, 2003.
5.1. INFORMATION ON OPPORTUNITIES IN SHARES/CERTIFICATES OF LISTED COMPANIES/MODARABAS 6. Read more