Financials - Half Yearly
Saudi Pak Industrial & Agricultural Investment Company Limited
Balance Sheet
  As at June 30, 2016  
 
Jun 30, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 68,436,270 64,560,467
Balances with other banks 158,793,367 758,317,400
Lendings to financial institutions others - 180,000,000
Investments 8,381,065,341 12,702,241,117
Advances 6,779,234,439 6,674,954,403
Operating fixed assets 2,679,913,478 2,738,964,706
Deferred tax assets - -
Other assets 1,319,616,057 1,743,267,307
  19,387,058,952 24,862,305,400
Liabilities
Bills payable - -
Borrowings from financial institutions 6,278,180,368 12,010,452,912
Deposits and other accounts 14,500,000 7,000,000
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities 845,131,842 878,194,901
Other liabilities 162,524,237 224,419,749
  7,300,336,447 13,120,067,562
Net assets 12,086,722,505 11,742,237,838
Represented by
Share capital 6,600,000,000 6,600,000,000
Reserves fund 706,004,599 706,004,599
General reserves 358,662,940 358,662,940
Unappropriated profit 2,068,449,579 1,715,039,059
  9,733,117,118 9,379,706,598
Surplus on revaluation of assets - net of tax 2,353,605,387 2,362,531,240
  12,086,722,505 11,742,237,838

Saudi Pak Industrial & Agricultural Investment Company Limited
Profit and Loss Account
  For the six months ended June 30, 2016  
 
Jun 30, 2016
Jun 30, 2015
Mark-up / return / interest earned 746,675,077 892,354,810
Mark-up / return / interest expensed 321,753,172 473,099,401
Net mark-up / interest income 424,921,905 419,255,409
Provision / (reversal) against non-performing loans and advances - net 130,958,418 21,080,669
Provision for diminution in the value of investments - net 128,337,776 153,730,519
Bad debts written off directly - -
  259,296,194 174,811,188
Net mark-up / interest income after provisions 165,625,711 244,444,221
Non mark-up / interest income
Fee, commission and brokerage income 3,062,255 4,690,638
Dividend income 71,316,142 64,394,834
Gain on sale of securities - net 356,691,028 316,639,266
Unrealized (loss) / gain on revaluation of held for trading investment - net 2,273,727 (16,206,243)
Loss from dealing in foreign currencies (23,943) 160,308
Other income 72,367,239 48,267,374
Total non mark-up / interest income 505,686,448 417,946,177
  671,312,159 662,390,398
Non mark-up / interest expenses
Administrative expenses 146,822,663 142,589,467
Other provisions  / write offs - 13,512,000
Other Charges - -
Total non mark-up / interest expenses 146,822,663 156,101,467
  524,489,496 506,288,931
Extra ordinary / unusual items - -
Profit before taxation 524,489,496 506,288,931
Taxation - current 199,946,578 84,483,666
             - prior years 37,781,486 42,249,411
             - deferred (31,567,231) 42,188,311
  206,160,833 168,921,388
Profit after taxation 318,328,663 337,367,543
Earning per share - basic and diluted (Rupees) 0.482 0.511
Auditor(s):

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