Financials - Half Yearly
Silkbank Limited
Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec 31, 2015
Assets
Cash and balances with treasury banks 7,048,814 7,343,670
Balances with other banks 166,697 194,065
Lendings of financial institutions 4,917,143 6,260,444
Investments - net 47,574,254 35,512,864
Advances - net 61,026,081 61,074,207
Operating fixed assets 4,162,414 4,496,648
Deferred tax assets - net 4,021,607 4,180,969
Other assets 15,494,107 14,040,004
  144,411,117 133,102,871
Liabilities
Bills payable 2,778,906 2,413,342
Borrowings 43,040,813 33,230,182
Deposits and other accounts 84,883,529 81,097,581
Sub-ordinated loans - -
Liabilities against assets subject to finance lease 12,463 14,145
Deferred tax liabilities - -
Other liabilities 2,053,135 1,770,959
  132,768,846 118,526,209
Net assets 11,642,271 14,576,662
Represented by
Share capital 77,998,099 77,998,099
Discount on issue of right shares (56,566,725) (56,566,725)
Reserves 180,134 180,134
Advance against shares subscription 2,000,000 2,000,000
Convertible preference shares - 2,200,000
Accumulated loss (12,009,265) (11,334,916)
  11,602,243 14,476,592
Surplus on revaluation of assets - net of tax 40,028 100,070
  11,642,271 14,576,662

Silkbank 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 5,113,251 4,502,712
Mark-up / return / interest expensed (2,923,619) (3,019,767)
Net mark-up / interest income 2,189,632 1,482,945
(Provision) / reversal against non-performing loans and advances - net (322,184) 236,028
General provision against consumer financing (25,082) (44,512)
Recovery against written off loans 5,074 3,300
Provision for diminution in the value of investments - net - (5,344)
Impairment in the value of investments (10,654) (24,090)
Bad debts of written off directly - -
  (352,846) 165,382
Net mark-up / interest income after provisions 1,836,786 1,648,327
Non mark-up / interest income
Fee, commission and brokerage income 605,950 491.589
Dividend income 28,408 19,415
Income from dealing in foreign currencies 96,372 108,878
Gain on sale of securities - net 61,846 353,278
Unrealized gain / gain on revaluation of investment - held for trading (90) (2,303)
Other income 148,566 100,950
Total non-markup / interest income 941,052 1,071,807
  2,777,838 2,720,134
Non mark-up / interest expenses
Administrative expenses (2,611,179) (2,525,179)
Other reversals / (provisions) - net 413,433 (349,204)
Other charges (43,944) (3,008)
Total non-mark-up / interest expenses (2,241,690) (2,877,391)
Profit / (loss) before taxation 536,148 (157,257)
Income tax expense
Taxation - current - -
             - prior - -
             - deferred (190,850) 61,628
  (190,850) 61,628
Profit / (loss) after taxation 345,298 (95,629)
Earnings per share - basic 0.04 (0.04)
Earnings per share - diluted 0.04 (0.03)
Auditor(s):

Pakistan Banks' Association 2005. All Rights Reserved.