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L B Finance is a strong financial institution by any measure. This is a fact of which we are understandably proud and a heritage which we will continue. Strong net worth and steady profitability are a part of our heritage and our future. As we continue to achieve these financial measurements of success, we will continue to grow in a manner which allows us to serve our clients with convenience and competitive products.
The detailed breakdown of the Share Capital Structure of LBF as at date is given below:
Authorised: Rs. 250,000,000 divided into 25,000,000 250,000,000.00
( Ordinary Shares of Rs. 10/- each.)
Issued: 13,500,000 Ordinary Shares of Rs. 10/- each 135,000,000.00
( issued and fully paid-up )
In order to achieve its objective LBF Limited is presently engaged in accepting Fixed Deposits, issuing Certificates of Deposit, providing finance and operating lease facilities, hire purchase facilities, loan facilities, issuing guarantees, trade finance facilities, pawn broking and real estate development.
|
12 Months to
31.03.10
Rs.’000s |
12 Months to
31.03.09
Rs.’000s |
| Results of Operations |
|
|
| Gross Income |
4,130,993 |
3,580,173 |
| Net Profit Before Income Tax |
878,290 |
555,315 |
| Income Tax on Profits |
378,129 |
195,707 |
| Net Profit |
500,161 |
359,608 |
|
|
|
| Financial Position |
|
|
| Total Assets |
17,185,263 |
14,009,461 |
| Total Shareholders’ Equity |
1,756,433 |
1,350,097 |
| Market Capitalization |
2,146,971 |
865,714 |
|
|
|
| Information Per Ordinary Share |
|
|
| Earnings - Basic (Rs.) |
14.44 |
10.96 |
| Net Assets Value (Rs.) |
50.72 |
38.99 |
| Market Value at the end of the period (Rs.) |
62 |
25 |
| Price Earnings (times) - Ordinary shares |
4.29 |
2.28 |
|
|
|
| Profitability Ratios |
|
|
| Return on Average Assets (%) |
3.21 |
2.91 |
| Return on Average Shareholders’ Funds (%) |
32.20 |
30.93 |
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|
|
| Efficiency Ratio |
44.71 |
49.23 |
| Interest Spread |
9.79 |
8.60 |
| Net Interest Margin |
11.81 |
10.55 |
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|
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| Island wide Operation |
|
|
| Number of Branches |
27 |
21 |
| Number of Pawning Centers |
75 |
57 |
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