Sheet1Company nameDCMDCMDCMDCMDCMAnnual data FY20132012201120102009horizontal analysisQuarterFigures0000000000000002012201120102009Balance SheetEquityShare CapitalN/A149,737,500149,737,500149,737,500149,737,5000149,737,500Balance SheetEquity Reserves33,630,26433,630,26433,630,26433,630,26433,630,264Balance SheetEquityUnappropriated profit(33,506,600)(34,315,164)(33,949,579)(33,793,158)(33,793,158)Balance SheetEquitySurplus on revaluation of assets - net of tax596,900(7,565)3,743,8123,743,812Balance SheetLT LiabilitiesBorrowings from financial institutions0.00.00.0Balance SheetLT LiabilitiesDeposits and other accounts0.00.00.0Balance SheetLT LiabilitiesSub-ordinated loans0.00.00.0Balance SheetLT LiabilitiesLiabilities against assets subject to finance lease0.00.00.0Balance SheetLT LiabilitiesDeferred tax liabilities0.055,00055,000Balance SheetST LiabilitiesOther liabilities3,841,24912,606,14612,319,53343,806,62843,806,628Balance SheetST LiabilitiesDividents Payable0.0Balance SheetST LiabilitiesBills payable0.00.00.0Balance SheetST LiabilitiesCurrent taxationBalance SheetLT AssetsL.T. Investments124,090,582143,215,266139,015,985145,184,213145,184,213Balance SheetLT AssetsL.T.Loans0.03,207,7143,207,714Balance SheetLT AssetsOperating fixed assets2,293,6522,363,1482,550,1873,272,4343,272,434Balance SheetLT AssetsDeferred tax asset0.00.00.00.0Balance SheetST AssetsOther assets18,220,74613,880,47814,641,44642,509,86042,509,860Balance SheetST AssetsCash and balances with treasury banks9,472,084405,3564,023,0771,166,3591,166,359Balance SheetST AssetsBalances with other banks0.00.00.00.00.0Balance SheetST AssetsLendings to financial institutions0.00.00.0Balance SheetST AssetsAdvances222,249794,4981,499,4581,839,4661,839,466Income StatementRevenuesMark-up / return / interest earned0.00.00.00.00.0Income StatementRevenuesFinancial Income3,189,47042,69811,886,3816,261,9056,261,905Income StatementRevenuesFee, commission and brokerage income19,723,03919,718,45024,598,60828,471,28128,471,281Income StatementRevenuesDividend incomeIncome StatementRevenuesIncome from dealing in Govt.SecuritiesIncome StatementRevenuesIncome from dealing in foreign currencies0.00.00.0Income StatementRevenuesOther income5,261,30115,294,575(769,263)(33,056,601)(33,056,601)Income StatementRevenuesOther chargesIncome StatementRevenues(Loss)/Gain on sale of securities(3,714,368)(8,023,425)(4,273,757)(52,061,839)(52,061,839)RevenuesPrior years Taxation0.00.00.0Income StatementRevenuesCurrent TaxationIncome StatementRevenuesDeferred TaxationIncome StatementRevenues(Reversal)/provision against off-balance sheet obligationsIncome StatementRevenuesProvision against diminution in the value of investments0.00.00.00.00.0Income StatementRevenuesbad debts written off directly0.00.00.00.00.0Income StatementRevenues(Provision) / reversal of provision against non-performing loans and advances0.00.00.00.00.0Income StatementRevenuesProvision against other assets-netIncome StatementRevenuesProvision against consumer financing0.00.00.0Unrealised lossIncome StatementExpensesMark-up/return/interest expensed0.00.00.0Income StatementExpensesProvision against consumer financing0.00.00.0Income StatementExpensesbad debts written off directly0.00.00.0Income StatementExpenses(Provision) / reversal of provision against non-performing loans and advances0.00.00.0Income StatementExpenses(Loss)/Gain on sale of securitiesIncome StatementExpensesProvision against diminution in the value of investments0.00.00.0Income StatementExpensesRenumeration to the trusteeIncome StatementExpensesRenumeration to the management companyIncome StatementExpensesImpairment loss on held-for-trading investments0.0Income StatementExpensesImpairment loss on available-for-sale investmentsIncome StatementExpensesAdministrative expenses23,358,96927,171,90331,374,18442,134,45342,134,453Income StatementExpensesProvision against other assets-net0.00.00.0Income StatementExpenses(Reversal)/provision against off-balance sheet obligationsIncome StatementExpensesOther charges23,7976,981151,6869,670,4759,670,475Income StatementExpensesExtra-ordinary/unusual items0.00.00.0Income StatementExpensesCurrent Taxation268,112218,999127,5200.00.0Income StatementExpensesPrior years Taxation0.00.00.0511,670511,670Income StatementExpensesDeferred Taxation0.0(55,000)(172,000)(172,000)Cash flow StatementCFOCash flow generated from operations(9,468,365)(3,855,472)(71,883)37,940,85937,940,859Cash flow StatementCFOFinance cost paid(2,263)(6,981)(867,926)(10,680,277)(10,680,277)Cash flow StatementCFOIncome tax paid(1,733,772)75,6632,073,196(2,833,878)(2,833,878)Cash flow StatementCFOTotal CFO(11,204,400)(3,786,790)1,133,38724,426,70424,426,704Cash flow StatementCFINet investments in available-for-sale securities21,410,914283,3640.0(6,086,036)(6,086,036)Cash flow StatementCFIRedemption of available for sale investementsCash flow StatementCFINet investment in held-to-maturity securities0.00.00.0Cash flow StatementCFIInvestment in associatesCash flow StatementCFIDividend received0.00.0500,000803,099803,099Payment of non refundable deposits for the acquisition of propertiesCash flow StatementCFIInvestments in operating fixed assets(1,161,757)(1,390,237)(798,150)0.00.0Cash flow StatementCFISale proceeds of operating fixed assets0.0641,500495,3072,839,2452,839,245Proceeds from sale of investment14429,636,28848,219,05248,219,052LT deposits(2,100)(3,200)Receipts 24,071137,528145,0244,842,3844,842,384LT loans3,207,714414,026414,026L.T receivables500,000Cash flow StatementCFIExchange adjustment on translation of net investment in foreign branch0.0Cash flow StatementCFITotal CFI20,271,128169,09933,186,18351,031,77051,031,770ST borrowing(24,560,044)(75,439,956)(75,439,956)Cash flow StatementCFFReceipts / (payments) of sub-ordinated loansRedemption of sub-ordinated loanCash flow StatementCFFRepurchase of own certificatesCash flow StatementCFFPayment of lease obligations0.00.0Cash flow StatementCFFIssue of right shares0.0Cash flow StatementCFFDividend paidExchange differences on translation of net investment in foreign branchCash flow StatementCFFTotal CFF0.0(24,560,044)(75,439,956)(75,439,956)Cash flow StatementLT assetsDepreciation1,231,2531,015,6931,038,5651,522,3661,522,366Cash flow StatementLT assetsAmortizationCash flow StatementLT assetsOther Non cash items(1,164,526)(5223914(1,911,303)90,576,54490,576,544ChecksTotal Assets154,299,313161,658,746161,730,153197,180,046Total Liabilities3,841,24912,606,14612,319,53343,861,628Total equity150,458,064149,052,600149,410,620153,318,418Difference0.00.00.00.0Total revenues24,459,44227,032,29831,441,969(50,385,254)Total Expenses23,650,87827,397,88331,598,39052,144,598Net profit808,564(365,585)(156,421)(102,529,852)Preference DividendCFO(11,204,400)(3,786,790)1,133,38724,426,704CFI20,271,128169,09933,186,18351,031,770CFF0.00.0(24,560,044)(75,439,956) AnnualACTIVITY RATIOS:2012201120102009Net Premium (annual sales)0.03,189,47042,69811,886,3816,261,905Recievables222,249794,4981,499,4581,839,466Average Recievables508373.511469781669462919733Receivables TurnoverAnnual sales/Average receivables6.270.047.126.81Days of Sales Oustanding365/Receivables Turnover58.189,804.8451.2653.61Total Assets154,299,313161,658,746161,730,153197,180,046Average total Assets157979029.5161694449.5179455099.598590023Revenue24,459,44227,032,29831,441,969(50,385,254)Total Asset TurnoverRevenue/Average Total Assets0.0051-0.022-0.00871.03

LIQUIDITY RATIOS:Current Assets154,299,313160,658,746161,730,153197,180,046Current Liabilities3,841,24912,606,14612,319,53343,806,628Current RatioCurrent assets/Current liabilities40.169047359312.74447765413.12794510964.5011464019Quick Ratio(cash & bank balance + receivables)/current liabilities2.520.100.450.07Cash Ratiocash & bank balance/ current liabilities2.470.030.330.03Revenue24,459,442.0027,032,298.0031,441,969.00-50,385,254.00Average Expenditures23,650,87827,397,88331,598,39052,144,598Average Daily Expenditures25524380.529498136.54187149426072299Defensive IntervalCash & Bank Balance/Average Daily Expenditures0.370.010.100.04

SOLVENCY RATIOS:Total Equity150,458,064149,052,600149,410,620153,318,418Average Total Equity14975533214923161015136451976659209Financial LeverageAverage total assets/Average total equity1.05491422171.08351340241.18558233251.286081924

PROFITABILITY RATIOS:Net Income808,564(365,585)(156,421)(102,529,852)Net Profit MarginNet income/Revenue0.0330573363-0.0135240075-0.00497491112.0349178353EBT1076676-146586-83901-102190182Operating Profit MarginEBT/Revenue0.04-0.01-0.002.03Return on Assets (ROA)Net income/Average total assets0.01-0.00-0.00-1.04Operating Return on AssetsEBIT/ Average total assets0.0068153096-0.0009065617-0.000467532-1.0365164637Return on EquityNet income/Average total equity0.01-0.00-0.00-1.34Cashflow analysisoperating cf1.01509219599.7636713417-44.02590024411investing cf1146.24062235733.27323389381financing cf0011

Accounting PoliciesFinancial StatementItemsAccounting policies used in 2009Accounting policies used in 2010Accounting policies used in 2011Accounting policies used in 2012Balance SheetOperating fixed assetscost less accumulated depreciation and impairmentcost less accumulated depreciation and impairmentcost less accumulated depreciation and impairmentcost less accumulated depreciation and impairmentBalance SheetAssets subject to finance leasefair valuefair valuefair valuefair valueIncome StatementImpairment lossescharged to profit/loss accountcharged to profit/loss accountcharged to profit/loss accountcharged to profit/loss accountBalance SheetInvestmentsfair valuefair valuefair valuefair valueBalance SheetHeld to maturity investmentscarried at amortised cost less any provision for impairmentcarried at amortised cost less any provision for impairmentcarried at amortised cost less any provision for impairmentcarried at amortised cost less any provision for impairmentBalance SheetAvailable for sale investmentsfair valuefair valuefair valuefair valueBalance SheetListed shares investmentsfair value of closing market pricefair value of closing market pricefair value of closing market pricefair value of closing market priceBalance SheetMutual fundsfair value declared by respective fundfair value declared by respective fundfair value declared by respective fundfair value declared by respective fundBalance SheetDebt securitiesfair value announced by MUFAPfair value announced by MUFAPfair value announced by MUFAPfair value announced by MUFAPBalance SheetGovernment securitiesfair value obtained from PKRV ratefair value obtained from PKRV ratefair value obtained from PKRV ratefair value obtained from PKRV rateBalance SheetRegular way sales/purchase of investmentrecognized at trade daterecognized at trade daterecognized at trade daterecognized at trade dateBalance SheetInvestment in associatesequity methodequity methodequity methodequity methodBalance SheetEmployee Retirement Benefits-Defined Contribution PlanEqual monthly contributions of 10% of basic salary by company and employeesEqual monthly contributions of 10% of basic salary by company and employeesEqual monthly contributions of 10% of basic salary by company and employeesEqual monthly contributions of 10% of basic salary by company and employeesBalance SheetCash and cash equivalentscost in balance sheetcost in balance sheetcost in balance sheetcost in balance sheetBalance SheetTrade debts and other receivablesoriginal invoice amount less an estimate for doubtful balanceoriginal invoice amount less an estimate for doubtful balanceoriginal invoice amount less an estimate for doubtful balanceoriginal invoice amount less an estimate for doubtful balanceBalance SheetBorrowing/debtinitialy at fair value, subsequently at amortized valueinitialy at fair value, subsequently at amortized valueinitialy at fair value, subsequently at amortized valueinitialy at fair value, subsequently at amortized valueIncome StatementExchange differencesprofit/loss accountprofit/loss accountprofit/loss accountprofit/loss accountBalance SheetDeffered taxLiabilityLiabilityLiabilityLiability