Financials -  Yearly
MCB Islamic Bank Limited
Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
 
Dec 31, 2015
(Restated)
Assets
Cash and balances with treasury banks 1,110,267 698,123
Balances with other banks 4,294,543 6,347,459
Due from financial institutions - -
Investments - net 6,468,400 5,995,470
Islamic financing and related assets - net 16,092,048 12,473,797
Operating fixed assets 1,485,884 1,192,382
Deferred tax assets - net - -
Other assets - net 217,095 171,847
  29,668,237 26,879,078
Liabilities
Bills payable 619,903 89,864
Due to financial institutions 5,510,345 631,520
Deposits and other accounts 12,777,336 9,450,072
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net 11,456 9,962
Other liabilities 706,603 6,739,219
  19,625,643 16,920,637
Net assets 10,042,594 9,958,441
Represented by
Share capital 10,000,000 10,000,000
Reserves 25,584 5,161
Unappropriated profit (loss) 64,643 (17,047)
  10,090,227 9,988,114
Deficit on revaluation of assets - net of tax (47,633) (29,673)
  10,042,594 9,958,441

MCB Islamic Bank 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 868,358 -
Profit / return expensed 277,744 -
Net spread earned 590,614 -
Provision against non-performing islamic financing and related assets - net 56,000 -
Provision for diminution in the value of investments - net - -
Bad debts written off directly - -
  56,000 -
Net spread after provisions 534,614 -
Other income
Fee, commission and brokerage income 17,035 -
Dividend income 23,207 -
Income from dealing in foreign currencies 9,042 -
Gain on sale of securities - net 71,352 -
Unrealized gain / (loss) on revaluation of investments classified as held for trading - net - -
Other income 6,791 -
Total other income 127,427 -
  662,041 -
Other expenses
Administrative expenses 464,730 37,693
Provision against other assets - net - -
Other charges 13,873 -
Total other expenses 478,603 37,693
Extra ordinary / unusual item - -
Profit / (loss) before taxation 183,438 (37,693)
Taxation - current (70,160) -
             - prior periods - -
             - deferred (11,165) -
  (81,325) -
Profit / (loss) after taxation 102,113 (37,693)
Basic / diluted earnings / (loss) per share 0.102 (0.044)
Auditor(s):

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