INVEST CAPITAL INVESTMENT BANK LIMITED

QUARTERLY REPORT

SEPTEMBER 30, 2022

Contents

Director's Report

02

Director's Report (Urdu)

03-04

Condensed Interim Statement of Financial Position (Un-Audited)

05-06

Condensed Interim Statement of Profit or Loss (Un-Audited)

07

Condensed Interim Statement of Comprehensive Income (Un-Audited)

08

Condensed Interim Statement of Cash Flows (Un-Audited)

09-10

Condensed Interim Statement of Changes in Equity (Un-Audited)

11

Selected Explanatory Notes to the Condensed Interim Financial Statements (Un-Audited)12-16

Company Information

17

Directors' Report

The Board of Directors of Invest Capital Investment Bank Limited (the "Company"), is pleased to present the un-audited financial statements for the first quarter of the financial year 2022-23 ended September 30, 2022.

The Review

During the period under review, the Company posted a net profit of Rupees14.38 million as compared to a net profit of Rupees 55.96 million for the quarter ended September 2021. The earnings per share worked out to Rupees 0.050 (September 2021 Rupees 0.196). The gross revenue including other income for the period amounted to Rupees 27.56 million as compared to Rupees 54.08 million for corresponding period of the last year. The reduction is basically due to reduction in recovery from NPLs during the quarter. The administrative and operating expenses amounted to Rupees 7.97 million as against Rupees 5.13 million of the comparable period.The financial charges increased by Rupees 3.19 million due to borrowing for lending purposes and stood at Rupees 4.53 million as against Rupees 1.34 million of the corresponding period of last year.

The total assets of the Company increased by Rupees 126.37due to disbursements against financing business and totaled to Rupees 1,183.80 million as at 30th September 2022 as compared to Rupees 1,057.43 million as at June 30, 2022. Similarly the total liabilities of the Company stood at Rupees 698.12 million as against Rupees

584.43 million of 30thJune 2022. The increase in liabilities is mainly due to borrowing for financing of new business.

A comparison of the current and previous period profit and loss figures is summarized hereunder:

Rupess in million

Financial Highlights

September

September

30, 2022

30, 2021

Gross Revenue

24.96

53.04

Other Income

2.60

1.04

Administration & Operating expenses

(7.97)

(5.13)

Financial charges (net of reversals)

(4.53)

(1.34)

Provision reversal / (Charge)

0.32

10.85

Profit / (loss) for the period before taxation

15.38

58.46

Taxation - net

(1.00)

(2.50)

Profit/ (loss) for the period after taxation

14.38

55.96

Earnings per Share

0.050

0.196

The management of your company remained focused to increase the revenue of the company and during the period under review the company disbursed Rs. 193.60 million in new financing business (leases and loans). The new financing business (leases and loans) undertaken by the company has negligible infection level due to effective risk management and prudent monitoring, the recovery is almost 100% of the billed amount.

The most critical area is the recovery from the non-performing portfolio of leases and loans. The management is determined to continue its efforts, energy, experience and skills in future to improve the recovery from this portfolio.

The prevailing political impasse, supply chain disruptions, increased inflation and global economic decline may affect the businesses, as a result non-performing loans may increase. However, the management of your company had taken risk mitigating measures to safe guard the interest of the company. The management of your company is confident that the bottom line of the company shall improve in the periods to come.

Acknowledgments

We are very thankful to the Securities and Exchange Commission of Pakistan for their guidance, the customers for their confidence, the lenders for their cooperation, and shareholders for their trust in the management of the Company. We are also thankful to all the staff members for their hard work and commitment for the betterment of the Company.

For and on behalf of the Board

Karachi

Muhammad Asif

Ayesha Shehryar

October 26, 2022

Chief Executive Officer

Chairperson

02

Quarterly Report September 30, 2022

03

04

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Disclaimer

Invest Capital Investment Bank Ltd. published this content on 26 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2022 07:17:00 UTC.