Financials - Half Yearly
 Pakistan Kuwait Investment Company (Private) Limited
Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 65,398 63,957
Balances with other banks 174,091 20,718
Lendings to financial institutions - -
Investments 22,662,938 22,142,622
Advances 5,150,201 5,113,644
Operating fixed assets 207,906 169,034
Deferred tax assets - -
Other assets 628,415 857,012
  28,888,949 28,366,987
Liabilities
Bills payable - -
Borrowings from financial institutions 5,696,984 6,246,955
Deposits and other accounts 259,770 179,750
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 841,207 857,838
Other liabilities 449,198 466,550
  7,247,159 7,751,093
Net assets 21,641,790 20,615,894
Represented by
Share capital 6,000,000 6,000,000
Reserves 5,840,571 5,748,570
Unappropriated profit 8,787,797 7,978,238
  20,628,368 19,726,808
Surplus on revaluation of 'available-for-sale' securities - net of tax 1,013,422 889,086
  21,641,790 20,615,894

 Pakistan Kuwait Investment Company (Private) Limited
Profit and Loss Account
  For the six month ended June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Jun 30, 2015
Mark-up / return / interest earned 632,178 601,641
Mark-up / return / interest expensed 178,340 179,083
Net mark-up / interest income 453,838 422,558
Reversal of provision against non-performing loans and advances - net (37,824) (22,943)
Provision for diminution / impairment in the value of investments 17,947 113,925
Bad debts written off directly - -
  (19,877) 90,982
Net mark-up / interest income after provisions 473,715 331,576
Non mark-up / interest income
Fee, commission and brokerage income 1,792 10,459
Dividend income 158,596 176,078
Income from dealing in foreign currencies - -
Gain on sale of securities 58,052 194,084
Unrealized (loss) / gain on revaluation of investments classified as 'held-for-trading' securities 1,753 212
Share in results of associates - net 1,057,230 857,622
Other income 15,631 12,731
Total non mark-up / interest income 1,293,054 1,251,186
Non mark-up / interest expenses
Administrative expenses 254,197 248,086
Reversal of provision of fixed assets and non-current asset held for sale - net (42,693) -
Other charges - 30
Total non mark-up / interest expenses 211,504 248,116
Extra ordinary / unusual items - -
Profit before taxation 1,555,265 1,334,646
Taxation - current 241,021 203,875
             - prior years - -
             - deferred 41,513 234,398
  282,534 438,273
Profit after taxation 1,272,731 896,373
Basic and diluted earning per share (on share Rs.25,000 each) 5,303 3,735
Auditor(s):

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