Financials - Half Yearly
BankIslami Pakistan Limited
Consolidated Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 7,537,582 9,035,889
Balances with other banks 811,241 2,016,267
Due from financial institutions 2,829,093 39,855,525
Investments 73,070,686 35,801,058
Islamic financing and related assets and Advances 81,300,358 69,428,078
Operating fixed assets 6,168,875 5,910,716
Deferred tax asset - net 6,146,166 5,947,169
Other assets 8,123,190 6,554,335
  185,987,191 174,549,037
Liabilities
Bills payable 2,045,738 1,523,933
Due to financial institutions 17,122,802 3,197,770
Deposits and other accounts 148,118,092 152,661,140
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - -
Other liabilities 6,453,922 5,681,959
  173,740,554 163,064,802
Net assets 12,246,637 11,484,235
Represented by
Share capital 10,079,121 10,079,121
Discount on Issue of shares (79,042) (79,042)
Reserves 900,146 465,881
Total equity attributable to equity holders of the bank 10,900,225 10,465,960
Non-controlling interest 181,462 189,855
  11,081,686 10,655,815
Surplus on revaluation of assets - net of tax 1,164,950 828,420
  12,246,637 11,484,235

BankIslami Pakistan Limited
Consolidated Profit and Loss Account
  For the six months ended June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Jun 30, 2015
Profit / return earned 4,933,989 4,109,384
Profit / return expensed 2,847,375 2,337,138
Net spread earned 2,086,614 1,772,246
Reversal of provision against non-performing Islamic financing and
related assets and advances - net
(926,148) (192,894)
Reversal of provision for diminution in the value of investments and placements - net (232,344) (28,491)
Bad debts written off directly 523 -
  (1,157,969) (221,385)
Net spread after provisions 3,244,583 1,993,631
Other Income
Fee, commission and brokerage income 216,458 264,499
Dividend income - 19
Income from dealing in foreign currencies 25,963 47,612
Gain on sale of securities 36,996 11,853
Unrealised (loss) on revaluation of investments classified as "held for trading" - (386)
Other income 67,687 56,056
Total other income 347,104 379,671
  3,591,687 2,373,302
Other expenses
Administrative expenses 2,943,570 2,134,232
Other provisions 68 13,755
Other charges 12,659 7,673
Total other expenses 2,956,297 2,155,660
  635,390 217,642
Loss for the period from KASB securities limited - net of tax (34,162) -
Share of profit from associates 95,957 3,950
Profit before taxation 697,185 221,592
Taxation
- Current 52,921 52,873
- Prior years (20) 21,876
- Deferred 223,627 75,097
  276,528 149,846
Profit after taxation 420,657 71,746
Basic earnings per share 0.417 0.126
Diluated earnings per share 0.417 0.126
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.