Invest Capital Investment Bank Limited · PSX:ICIBL
Invest Capital Investment Bank — Shareholder Meeting (June 2024)
14 slides from Invest Capital Investment Bank's shareholder meeting presentation, June 2024
Slide 1: Invest Capital Investment Bank Limited
< Invest Caprran Investuent Bank Lnorep Invest Capital Investment Bank Limited
Slide 2: Outline
Outline 1. Introduction 2. Company Overview 3. Latest Financial Position 4. Challenges Ahead 5. Future Plan 6. Question & Answer session 2
Slide 3: Introduction
Introduction In 2007, “Invest Capital Securities” was merged into “Asset Investment Bank Limited” and subsequently name of the company was changed to “Invest Capital Investment Bank Limited” (ICIBL). In 2009, “Al-Zamin Leasing Corporation Limited (AZLCL)” and Al-Zamin Leasing Modaraba (AZLM)” we
Slide 4: Introduction
Introduction After the merger, ICIBL continued facing financial and operational difficulties therefore, on July 6, 2011 SECP granted permission to Zahidjee Group to acquire 26% shares from Investcap Group with transfer of management to Zahidjee Group. Zahidjee Group took the control of the manag
Slide 5: Company Overview
Company Overview The NBFI sector was badly hit in the aftermath of financial meltdown which affected the entire financial sector in 2008. The result was sharp rise in discount rate coupled with liquidity shortage forced the companies to utilize the available cash flows from recoveries to repay bor
Slide 6: Financial Position Comparison
Financial Position Comparison ‘Invest Capital Investment Bank Limited Statement of Financial Position As at June 30, 2024 2024 2023 2022 Rupees Rupees Rupees ASSETS Non-current assets Property and equipment 70,100,747 75,171,895 80,852,746 Intangible assets 564,386 806,266 163,594 Investment account
Slide 7: Financial Position Comparison
Financial Position Comparison ‘EQUITY AND LIABILITIES Share Capital and Reserves Authorized capital 485,000,000 ordinary shares of Rs. 10 each 4,850,000,000 4,850,000,000 4,850,000,000 Issued, subscribed and paid-up capital 2,848,668,960 2,848,668,960 2,848,668,960 Loan from directors 126,000,000 12
Slide 8: Profit or Loss Comparison
Profit or Loss Comparison Invest Capital Investment Bank Limited Statement of Profit or Loss For the Year Ended June 30, 2024 2024 2023 2022 Rupees Rupees Rupees Income 150,415,077 123,152,781 110,216,971 Expenses Administrative and operating expenses (37,294,368) (34,951,160) (27,281,528) Financial
Slide 9: Latest Financial Position
Latest Financial Position Fresh financing of Rs. 258.27 million was made during the year (June 2023 Rs. 362.79 million) whereas Rs. 190.42 million were invested in Government Treasury Bills which give a good return of about 22% p.a. (June 2023 Rs. 48.29 million). This was the result of better reco
Slide 10: Latest Financial Position
Latest Financial Position The operating expenses increased by just Rs. 2.34 million mainly due to inflation and stood at Rs. 37.29 million as compared to Rs. 34.95 million at June 30, 2023. There were no financial charges during the year as all markup based facilities have been paid off. The r
Slide 11: Challenges Ahead
Challenges Ahead The State Bank of Pakistan has cut down its policy rate multiple times in recent past and lately brought it down to 15% whereas it was 22% during the Financial Year 2023. This has a similar impact on the KIBOR rate. The KIBOR rate has also now gone down from 20.14% to 13.33% . Thi
Slide 12: Future Plan
Future Plan After approval of the shareholders in the EOGM held on 26th September 2024 for Reduction of Capital of the Company U/S 89 (a) of Companies Act 2017 the Company has filed petition with Honorable Sindh High Court. After the approval of High Court the formalities for reduction shall be ca
Slide 13: Question & Answer
Question & Answer Questions please 13
Slide 14: Corporate Briefing session concluded
Corporate Briefing session concluded 14
Invest Capital Investment Bank — Shareholder Meeting (June 2024) on 6ix