Balance Sheet

------------------- in Rs. Cr. ------------------Mar '12 Mar '11 339.18 27,477.90 379,588.48 37,264.27 416,852.75 13,524.18 458,194.01 26,028.37 1,449.53 2,138.95 316.81 21,191.75 312,898.73 31,589.69 344,488.42 12,328.27 378,325.25 19,720.99 1,470.76 2,096.95 23,776.90 5,914.32 242,106.67 95,162.35 8,259.42 3,105.59 378,325.25 126,933.72 11,981.54 4,981.60 1,876.01

Capital and Liabilities:

Total Share Capital/Equity Reserves & Surplus Deposits Borrowings Total Debt Other Liabilities & Provisions Total Liabilities Reserves Revaluation Reserves Bills Payable

Assets
Cash & Balances with RBI Balance with Banks, Money at Call Advances Investments Other Assets Fixed Assets Total Assets Contingent Liabilities Bills for collection Gross Block Accumulated Depreciation 18,492.90 10,335.14 293,774.76 122,629.47 9,792.88 3,168.86 458,194.01 208,036.65 16,713.41 5,265.08 2,096.22

Profit & Loss account of Punjab National Bank

------------------- in Rs. Cr. ------------------Mar '12

Income
Interest Earned Other Income Total Income 36,428.03 4,202.60 40,630.63

Expenditure
Interest expended Employee Cost Selling and Admin Expenses Depreciation Miscellaneous Expenses Total Expenses Operating Expenses Provisions & Contingencies Operating profit Net Profit Extraordionary Items Total Equity Dividend Corporate Dividend Tax 23,013.59 4,723.48 3,353.59 292.26 4,363.51 35,746.43 9,405.85 3,326.99 9,056.00 4,884.20 7.88 4,892.08 746.19 121.05

Per share data (annualised)

Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs) 144 220 777.39

Appropriations
Transfer to Statutory Reserves Transfer to Other Reserves Proposed Dividend/Transfer to Govt Balance c/f to Balance Sheet Total 1,390.32 2,634.53 867.24 0 4,892.09

s. Cr. ------------------Mar '11 26,986.48 3,612.58 30,599.06 15,179.14 4,461.10 2,813.45 255.85 3,456.02 26,165.56 8,367.96 2,618.46 10,614.00 4,433.50 0 4,433.50 696.99 113.07 139.94 220 632.48 1,258.39 2,365.05 810.06 0 4,433.50

Formulas

Current Year

Current Ratio

Current Assets /Current Liabilities

0.77

Interpretation

Satisfactory day to day liquidity solvency position. There is sufficient cash available for the company to cover most of its current liabilities, there is a balanced investment in the current assets. Only 0.23 proportion funded by the long term liabilities. this ratio has shown improvement. Quick Assets/ Current Liabilities

Liquid Ratio

0.77

Interpretation

Satisfactory day to day liquidity solvency position. There is sufficient cash available for the company to cover most of its current liabilities, there is a balanced investment in the current assets. Only 0.23 proportion funded by the long term liabilities. this ratio has shown improvement. Total Liabilities/Total Assets

Solvency ratio

1.00

Interpretation

The company has employed the funds properly so as to cover its long term and short

Return on share holders investment

Net Profit/Shareholders Funds

0.12

Interpretation

the banks performance in the share market is very good and year by year the investors are getting appreciable return on their investment. Reserves/Equity Share Capital Ratio of reserves ratio provide information about the company's ability to absorb asset reductions arrising from losses without jeopardizing the interest

Ratio of reserves to equity capital

76.74

Interpretation

Total debts to assets ratio

Total Debt/ Total Assets

1.00

Interpretation

it provides information about the company"s ability to absorb assets reduction arising from losses without jeopardizing the interest of creditors.

Net profit ratio

Net Profit/Net Sales*100

12.02

Interpretation

The ratio indicates the firms capacity to face adverse economic condition. The performance of profit is showing the relation between the investments or the capital of the firm which shows a good performance although the ratio has gone down.

Expenses Ratio

Expenses/Net Sales*100

87.98

Interpretation

This ratio has increased which shows that there is an increase in the variable expenses which has cut down on the profitability while the sales remain the same.

Operating Expenses Ratio

Operating Expenses/ Net Sales

0.23

Interpretation

This ratio has increased which shows that there is an increase in the variable expenses which has cut down on the profitability while the sales remain the same.

10

Working capital turnover ratio

Sales/Net Working Capital

-0.43

Interpretation

the ratio has decreased continously for two years which shows that company is concentrating more on other functions rather than decreasing cost of production

11

Fixed assets turnover ratio

Sales/ Net Fixed Assets

12.82

Interpretation

the fixed asset turnover ratio of PNB is higher the year 2012 for this year the cost of production is higher than the remaining year because the company utilises higher amount of fixed assets

12

Return on Capital Employed

Net Profit(PBIT) / Capital Employed x 100 the ratio has increased indicating funds for appropriation increase in the net worth. High scope to attract fresh funds from the shareholders. High price Operating Profit/Net Sales*100

103.57

Interpretation

13

Operating profit Ratio

22.29

Interpretation

the operating profit ratio to sales ratio of PNB shows that the bank posseses low operating efficiency in this year. That means the company has not concentrated on minimising its cost.

14

Cash Ratio

Cash/Current Liabilities

0.07

Interpretation

this ratio indicates the total available cash in hand to cover up any contingencies. The ratio is good enough analysing the economic condition prevelent.

15

Interest Coverage Ratio

PBIT/Intrest since the ratio has decreased it indicates weak capacity to pay interest as and when due. Small balance profit left for tax and dividends. Less scope of providing more scope to make high rate of interest. Debt/(Share Capital+Reserves & Surplus)

1.77

Interpretation

16

Debt-Equity Ratio

14.99

Interpretation

the ratio shows high safety margins for lenders. Scope for providing more loans at low rate of interest and Long-term Debt/Total Assets the long term to debt ratio is indicative of coverage of the total debt that can be covered the Assests of the firm. The ratio has been constant for the years which is a good indicator.

17

Debt to Asset Ratio

0.91

Interpretation

18

Return on Equity

PAT/Net Worth small amount for appropriations there is low increase in the net worth resulting into less scope to attract fresh funds from equity

0.18

Interpretation

Previous Year

0.79

0.79

1.00

0.14

62.25

1.00

14.49

85.51

0.27

-0.42

9.85

99.38

34.69

0.09

2.02

16.02

0.91

0.21