Financials - Half Yearly
Pak Oman Investment Company Limited
Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 62,550 93,725
Balances with other banks 645,099 1,586,956
Lendings to financial institutions 800,000 362,824
Investments - net 17,175,405 14,073,356
Advances - net 14,430,253 9,993,263
Operating fixed assets 94,571 82,316
Deferred tax assets - net 337,086 379,314
Other assets 520,830 622,875
  34,065,794 27,194,629
Liabilities
Bills payable - -
Borrowings 19,655,147 14,479,440
Deposits and other accounts 5,527,496 4,009,860
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 1,825 1,973
Deferred tax liabilities - -
Other liabilities 605,388 538,270
  25,789,856 19,029,543
Net assets 8,275,938 8,165,086
Represented by
Share capital 6,150,000 6,150,000
Reserves 935,735 843,304
Unappropriated profit 777,774 776,899
  7,863,509 7,770,203
Surplus on revaluation of assets - net of deferred tax 412,429 394,883
  8,275,938 8,165,086

Pak Oman Investment Company 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 1,123,269 1,163,514
Mark-up / return / interest expensed 678,160 727,214
Net mark-up / interest income 445,109 436,300
(Reversal) of provision against non-performing advances - net (105,074) (55,141)
Provision / (reversal) for diminution in the value of investments 19,945 (20,155)
Bad debts written off directly - -
  (85,129) (75,296)
Net mark-up / interest income after provisions 530,238 511,596
Non mark-up / interest income
Fee, commission and brokerage income 40,390 24,767
Dividend income 52,213 50,691
Income from dealing in foreign currency - -
Gain on sale of securities 392,556 422,415
Unrealised gain / (loss) on revaluation of investments classified as 'held-for-trading' securities 9,811 (22,818)
Other income 1,956 1,889
Total non-markup / interest income 496,926 476,944
  1,027,164 988,540
Non mark-up / interest expenses
Administrative expenses 272,318 194,296
Other write offs / provisions - -
Other charges 10,683 17,930
Total non-markup / interest expenses 283,001 212,226
  744,163 776,314
Extra ordinary / unusual items - -
Profit before taxation 744,163 776,314
Taxation - current 205,440 244,467
             - prior years 38,746 23,718
             - deferred 37,820 57,631
  282,006 325,816
Profit after taxation 462,157 450,498
Basic and diluted earnings per share 0.75 0.73
Auditor(s):

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