Financials - Half Yearly
The First MicroFinance Bank Limited
Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec 31, 2015
Assets
Cash and balances with State Bank of Pakistan and National Bank of Pakistan 760,717 622,106
Balances with other banks/NBFIs/MFBs 1,216,224 1,045,644
Investments - net of provisions 4,412,165 4,029,765
Advances - net of provisions 6,992,971 5,525,612
Operating fixed assets 415,285 382,967
Other assets 733,085 533,557
Deferred tax asset 47,686 47,686
Total assets 14,578,133 12,187,337
Liabilities
Deposits and other accounts 10,544,002 9,661,088
Borrowings - 645,576
Other liabilities 349,008 336,267
Deferred tax liabilities - -
Total liabilities 10,893,010 10,642,931
Net assets 3,685,123 1,544,406
Represented by
Issued, Subscribed and paid up capital 2,730,811 1,351,501

Share premium account

620,690

-

Statutory & general reserves

158,098

126,317

Depositors protection fund

46,318

36,716

Accumulated profit

118,604

1,081

  3,674,521 1,515,615
Surplus on revaluation of assets 8,416 26,015
Deferred grants 2,186 2,776
Total capital 3,685,123 1,544,406

The First MicroFinance Bank Limited
Profit and Loss Account
  For the six months ended June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Jun 30, 2015
Mark-up / return / interest earned 1,154,603 958,232
Mark-up / return / interest expensed (279,104) (310,456)
Net mark-up / interest income 875,499 647,776
Provision against non-performing loans and advances (13,454) (59,556)
Recovery against written off advances 16,328 14,538
  2,874 (45,018)
Net mark-up / interest income after provisions 878,373 602,758
Non mark-up / non interest income
Fee, commission and brokerage income 72,446 59,074
Amortization of deferred capital grant 590 826
Other income 4,086 3,023
Total non mark-up / non interest income 77,122 62,923
Non mark-up / non interest expenses
Administrative expenses (737,887) (504,596)
Grant related expenses (590) (826)
Loss on remeasurement of investments - (678)
Other charges (1,392) -
Total non-mark-up / non interest expenses (739,869) (506,100)
Profit before taxation 215,626 159,581
Taxation - current (56,720) (27,128)
             - deferred - 17,777
  (56,720) (9,351)
Profit after taxation 158,906 150,230
Accumulated profit / (loss) brought forward 1,081 (226,929)
Profit / (Loss) before appropriations 159,987 (76,699)
Appropriations - transfers to
Statutory reserve (31,781) (30,046)
Contribution to depositors protection fund 5% of profit after tax (7,945) (7,512)
Interest on investment (1,657) (958)
  (41,383) (38,516)
Accumulated profit / (loss) carried forward 118,604 (115,215)
Earnings per share (Rupee) 0.96 1.11
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.