Financials - Half Yearly
AlBaraka Bank (Pakistan) Limited
Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 8,815,518 10,847,429
Balances with other banks 4,312,766 1,560,544
Due from financial institutions 1,583,176 1,831,716
Investments 21,022,836 17,358,401
Islamic financing and related assets 46,803,619 47,644,690
Operating fixed assets 2,707,625 2,671,911
Deferred tax assets 1,544,442 1,392,003
Other assets 3,784,062 3,625,816
  90,574,044 86,932,510
Liabilities
Bills payable 1,177,867 883,698
Due to financial institutions 1,829,325 2,108,255
Deposits and other accounts 75,482,540 71,644,386
Sub-ordinated loans 3,615,697 3,756,734
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 2,472,586 2,266,200
  84,578,015 80,659,273
Net assets 5,996,029 6,273,237
Represented by
Share capital 8,935,200 8,935,200
Advance against issuance of shares 95,704 95,704
Discount on issuance of shares (767,290) (767,290)
Reserves 159,348 159,348
Accumulated loss (2,307,579) (2,135,310)
  6,115,383 6,287,652
Deficit on revaluation of investments - net of tax (119,354) (14,415)
  5,996,029 6,273,237

AlBaraka Bank (Pakistan) Limited
Profit and Loss Account
  For the six months ended June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Jun 30, 2015
Profit / return earned on islamic financing and related assets, investments and placements 2,351,422 3,454,889
Return on deposits and other dues expensed (1,253,187) (2,185,344)
Net spread earned 1,098,235 1,269,545
Provision against non-performing islamic financing and related assets (133,855) (186,144)
(Provision) / reversal for diminution in the value of investments (2,010) 225,286
  (135,865) 39,142
Net spread after provisions 962,370 1,308,687
Other income
Fee, commission and brokerage income 222,989 196,850
Dividend income 8,473 8,729
Income from dealing in foreign currencies 72,978 66,408
Gain on sale of securities 15,710 46,001
Unrealized gain / (loss) on revaluation of investments classified as held for trading - 3,434
Other income 1,875 1,870
Total other income 322,025 323,292
  1,284,395 1,631,979
Other expenses
Administrative expenses (1,525,801) (1,405,824)
Other provisions / write off - (4,407)
Other charges (63) (290)
Total other expenses (1,525,864) (1,410,521)
  (241,469) 221,458
Extra ordinary / unusual items - -
(Loss) / profit before taxation (241,469) 221,458
Taxation - current / prior years (26,734) (56,243)
             - deferred 95,934 (39,987)
  69,200 (96,230)
(Loss) / profit after taxation (172,269) 125,228
(Loss) / earnings per share - basic / diluted (0.19) 0.14
Auditor(s):

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