Financials - Half Yearly
Sindh Bank Limited
Consolidated Balance Sheet
  As at June 30, 2016
(Rupees in ' 000)
 
Jun 30, 2016
Dec  31, 2015
Assets
Cash and balances with treasury banks 6,185,344 5,297,618
Balances with other banks 712,195 1,086,079
Lendings to financial institutions 2,526,095 1,450,000
Investments - net 67,834,883 69,644,245
Advances - net 50,460,665 44,169,089
Operating fixed assets 1,911,206 1,901,601
Deferred tax assets 161,152 301,887
Others assets 3,698,165 4,253,395
  133,489,705 128,103,914
Liabilities
Bills payable 1,006,919 288,681
Borrowings 15,198,712 27,160,697
Deposits and other accounts 98,906,207 83,920,800
Sub-ordinated loans - -
Liabilities against assets subject to finance lease - -
Deferred tax liabilities - net - -
Other liabilities 2,048,430 1,960,133
  117,160,268 113,330,311
Net assets 16,329,437 14,773,603
Represented by
Share capital 10,000,000 10,000,000
Reserves 1,047,926 925,638
Unappropriated profit 3,577,150 3,088,325
Depositor's protection fund 1,087 761
  14,626,163 14,014,724
Surplus on revaluation of investments - net of related deferred tax 1,703,274 758,879
  16,329,437 14,773,603

Sindh Bank Limited
Consolidated 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 4,938,451 4,876,249
Mark-up / return / interest expensed 2,833,628 2,694,950
Net mark-up / profit / interest income 2,104,823 2,181,299
Provision against non-performing loans and advances 92,289 8,599
Provision against advances - general 1,000,000 1,000,000
Provision against consumer & small enterprise advance 235 207
Provision for diminution in the value of investments - -
Bad debts written of directly - -
  1,092,524 1,008,806
Net mark-up / profit /interest income after provisions 1,012,299 1,172,493
Non mark-up / interest income
Fee, commission and brokerage income 201,891 72,748
Dividend income 62,801 63,163
Income from dealing in foreign currencies 30,009 46,189
Gain on sale / redemption of securities 1,829,358 1,354,480
Unrealized gain on revaluation of investments classified as held - for - trading - -
Other income 2,479 963
Total non mark-up / interest income 2,126,538 1,537,543
  3,138,837 2,710,036
Non mark-up / interest expense
Administrative expenses 1,913,680 1,690,991
Reversal of provisions against other assets - (4,418)
Other charges 23 1,702
Total non mark-up / interest expenses 1,913,703 1,688,275
  1,225,134 1,021,761
Extraordinary / unusual items - -
Profit before taxation 1,225,134 1,021,761
Taxation - current 796,636 722,336
             - prior year 184,845 101,818
             - deferred      (367,786) (364,225)
  613,695 459,929
Profit after taxation 611,439 561,832
Basic and diluted earnings per share (rupees) 0.61 0.56
Auditor(s):

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