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NOTES TO THE UNCONSOLIDATED
FINANCIAL STATEMENTS
For the year ended June 30, 2020
10.2.1 31.825 million (2019: 31.825 million) ordinary shares of BD Takas 10/– each amounting to BD Takas 318.250
million (2019: BD Takas 318.250 million). Equity held 31.61% (2019: 31.61%).
10.3 Term finance certificates – TFCs
This represent investment as fully paid–up, rated, privately placed (subsequently listed), perpetual,
unsecured, subordinated, noncumulative, contingent convertible, additional Tire 1, capital eligible 5,000
term finance certificates (TFCs) of Habib Bank Limited having face value of Rs.100,000/– each aggregating
to Rs. 500 million (2019: Nil). TFCs carry markup at the rate of 3 months KIBOR+ 1.60% per annum payable
quarterly in arrears.
2020 2019
Note (Rupees ‘000) (Rupees ‘000)
11. LONG TERM LOANS
Considered good – Secured
Loans to employees 11.1 96,233 43,112
Loan to director 11.2 17,590 22,650
113,823 65,762
11.1 Loans to employees
Opening balance 96,795 108,496
Add: disbursement made during the year 120,021 78,870
216,816 187,366
Less: amount received during the year (74,095) (90,571)
142,721 96,795
Less: receivable within twelve months (46,488) (53,683)
96,233 43,112
11.1.1 These loans are given to employees as per approved policy of the Company and are secured against
employees retirement benefits.
2020 2019
(Rupees ‘000) (Rupees ‘000)
11.2 Loan to director
Opening balance 25,750 –
Add: disbursement made during the year – 25,750
25,750 25,750
Less: amount received during the year (3,633) –
22,117 25,750
Less: receivable within twelve months (4,527) (3,100)
17,590 22,650
11.2.1 This represents loan paid to an executive director of the Company as per house building finance policy of the
Company. Under the policy, home ownership grant of Rs. 2.5 million and mortgage assistance of Rs. 23.25
million was disbursed. Tenure of both the home ownership grant and mortgage assistance is for a period of
six years. Mortgage assistance is repayable in 60 equal monthly installments.
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